Approximately $4 million worth of Bitcoin was transferred from the wallet of ASOS co-founder following his death.
Following the death of ASOS co-founder Quentin Griffiths from a fall in Thailand, approximately $4.00 million in assets were transferred from his Bitcoin wallet. The funds were transferred from his online account to an unknown location in three separate transactions within days of Quentin Griffiths’ death.
His eldest son, Joel, reported the case to the police six weeks after his father’s death. Thai police are currently investigating the asset theft.
Previously, Quentin Griffiths was under investigation for suspected fraud and faced multiple lawsuits and family property disputes before and after the fall.
[Odaily]
LayerZero has pledged to provide DeFi United with over 10,000 ETH, including a donation of 5,000 ETH.
LayerZero Labs has announced a commitment to provide over 10,000 ETH to the DeFi United ecosystem rescue initiative led by Aave.
This includes a donation of 5,000 ETH and an additional deposit of 5,000 ETH to enhance Aave market liquidity.
[ChainCatcher]
Ostium upgrades its backend and adds off-chain liquidity providers such as Jump.
PANews, April 29: Ostium, an on-chain perpetual futures exchange, has completed a major upgrade to its backend infrastructure, introducing a new real-time decentralized execution layer that combines on-chain liquidity pools with off-chain hedging.
The platform has added institutional liquidity providers—including Jump—as hedging partners, taking on the net directional risk of trades. Previously, Ostium relied solely on public liquidity pools to handle both pricing and risk absorption, limiting its scalability and position size capacity.
Following the upgrade, Ostium serves as a bridge between traditional finance and DeFi, enabling users to retain full self-custody while benefiting from the liquidity and depth of off-chain over-the-counter institutional markets.
[The Block]
US XRP spot ETF had a total net inflow of $2.2018 million in a single day.
According to SoSoValue data, the XRP spot ETF recorded a total net inflow of $2.2018 million yesterday (April 28, U.S. Eastern Time).
Yesterday, only the Canary XRP ETF (XRPC) saw net inflows, with a single-day net inflow of $2.2018 million; its cumulative historical net inflow has now reached $424 million.
As of press time, the total net asset value (NAV) of XRP spot ETFs stands at $1.053 billion, with an XRP net asset ratio of 1.23%, and the cumulative historical net inflow has reached $1.293 billion.
[Odaily]
Robinhood’s Q1 revenue was $1.07 billion, with cryptocurrency trading revenue down 47% year-on-year.
Robinhood released its Q1 2026 financial report, showing a quarterly revenue of $107.00 million, a year-on-year increase of 15%. Net profit increased by 3% to $346.00 million. Total assets on the platform reached $307.00 billion, a year-on-year increase of 39%.
Cryptocurrency business revenue was $134.00 million, a year-on-year decrease of 47%. Nominal cryptocurrency transaction volume was $24.00 billion, a year-on-year decrease of 48%.
Options business revenue increased by 8% to $260.00 million, and stock business revenue increased by 46% to $82.00 million. Robinhood Gold subscription revenue increased by 32% to $50.00 million. In addition, the company repurchased $250.00 million of stock this quarter.
[Odaily]
Coinbase Report: Macro Environment May Have Turned Positive, Crypto Assets Expected to Bottom Out Soon
On April 29th, according to the second quarter “Charting Crypto” report for 2026 jointly released by Coinbase Institutional and Glassnode, the current financial market is mainly driven by macro events and the progress of the Middle East conflict, making short-term direction difficult to predict.
The report is cautiously optimistic about the market outlook, believing that the macro environment may have shifted in a positive direction, which will help crypto assets form a bottom in the near term and recover later this quarter.
Data shows that Bitcoin market sentiment has rebounded from the “fear” stage in the first quarter to the “optimistic” stage, with approximately three-quarters of institutional respondents (75.00%) and non-institutional respondents (71.00%) believing that Bitcoin is undervalued.
[PANews]
Bitwise CIO: Strategy-driven Bitcoin rally may “last for some time”
PANews April 29th, Bitwise Chief Investment Officer Matt Hougan said that MicroStrategy’s perpetual preferred stock STRC is the main driver of Bitcoin’s recent rebound, and the rally may “last for some time.”
Hougan pointed out that Bitcoin has rebounded about 20% from its February low to $76,000. ETFs have purchased $3.80B since March 1, and long-term holders have also resumed buying. However, MicroStrategy is the largest single factor, increasing its Bitcoin holdings by $7.20B in the past eight weeks.
STRC currently has an annual yield of approximately 11.50%. Hougan expects MicroStrategy to raise billions more dollars through STRC to purchase more Bitcoin. Last week, MicroStrategy purchased 3,273 Bitcoins for approximately $255.00M, increasing its total holdings to 818,300.
[The Block]
Spot gold breaks through the $4,600 threshold
On April 29, according to Bybit market data, spot gold has broken through the $4,600 per ounce mark, currently trading at $4,600.99, with a daily gain of 0.08%.
[PANews]
RedStone Launches Settlement Layer to Solve RWA Liquidity Mismatch in DeFi Lending
PANews, April 29: Decentralized oracle provider RedStone has launched a new settlement layer, RedStone Settle, designed to address the liquidity challenges of tokenized real-world assets (RWAs) used as collateral in DeFi lending.
Current DeFi lending platforms rely on near-instant liquidation mechanisms, whereas RWA redemption periods typically span 60 to 180 days—a mismatch that limits RWAs’ utility as collateral. RedStone Settle introduces an on-chain auction mechanism, enabling liquidity providers to immediately purchase positions while assuming the associated delayed redemption risk of the underlying assets.
RedStone states that this solution can unlock over $30 billion worth of tokenized RWAs currently idle in DeFi.
[Cointelegraph]
Coinbase is adding Citrea (CTR) to its listing roadmap.
On April 29, according to an official announcement, Coinbase announced that it has added Citrea (CTR) to its listing roadmap.
The trading launch of the asset remains subject to market-making support and the readiness of technical infrastructure. Specific launch times will be announced separately once the relevant conditions are met.
[PANews]
US CFTC Sues Wisconsin, Federal and State-Level Prediction Market Regulatory Conflicts Escalate
On April 29, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit in a federal court in Wisconsin against Wisconsin Governor Tony Evers, Attorney General Joshua Kaul, and John Dillett, head of the state’s gambling division. This marks the CFTC’s fifth state lawsuit within one month, following prior suits against Illinois, Arizona, Connecticut, and New York.
The CFTC once again asserted its “exclusive jurisdiction” over prediction markets, arguing that Wisconsin’s criminalization of markets subject to federal regulation infringes upon the federal regulatory framework designed by Congress.
Last week, Wisconsin sued Coinbase, Robinhood, Crypto.com, Polymarket, and Kalshi, accusing their sports event contracts of causing a “public nuisance.”
[PANews]
U.S. Treasury Secretary: Channels for Iran’s cryptocurrency use have been targeted.
U.S. Treasury Secretary Scott Bessent posted on X, stating that the Treasury Department has taken action against Iran’s international shadow banking infrastructure, cryptocurrency access channels, shadow fleet, weapons procurement networks, regional terrorist proxy funding, and Chinese independent refineries supporting Iranian oil trade—using economic sanctions. These actions have disrupted hundreds of billions of dollars in revenue that would otherwise have funded terrorism.
Under the U.S. President’s Maximum Pressure Campaign, Tehran’s inflation rate has doubled, and its currency has rapidly depreciated. Iran’s main oil export terminal, Kharg Island, is approaching its storage capacity limit—forcing the regime to cut oil production, resulting in an additional daily loss of approximately $170 million in revenue and causing permanent damage to Iran’s oil infrastructure.
The Treasury Department will continue applying maximum pressure; any individual, vessel, or entity assisting Tehran’s illicit financial flows faces the risk of U.S. sanctions.
[Odaily]
LayerZero Labs pledges to contribute over 10,000 ETH to the DeFi United rescue initiative
LayerZero Labs announced its commitment to contribute over 10,000 ETH to the Aave-led DeFi United rescue initiative.
This includes a donation of 5,000 ETH and an additional deposit of 5,000 ETH to enhance liquidity in Aave markets, while strategically deepening GHO liquidity.
[Foresight News]
Today’s Market Pulse
The crypto market is showing signs of bottoming out as Coinbase reports a potentially positive macro shift, while institutional flows via ETFs and strategic capital injections into DeFi infrastructure signal increasing confidence in the ecosystem’s recovery phase.
Key Themes
Market Bottom and Bitcoin Momentum
The Coinbase institutional report suggests macro conditions may have improved, with 75% of institutional respondents viewing Bitcoin as undervalued. This aligns with Bitwise CIO Matt Hougan’s analysis that the strategy-driven rally—fueled by MicroStrategy’s STRC perpetual preferred stock—could “last for some time.” Bitcoin’s 20% rebound from February lows, supported by $3.8B in ETF purchases since March 1, reinforces the bottoming thesis.
Institutional Capital and DeFi Infrastructure
LayerZero has committed over 10,000 ETH to the DeFi United rescue initiative, while Ostium‘s backend upgrade introduces institutional liquidity providers like Jump to bridge traditional finance and DeFi. These developments address critical liquidity challenges, with RedStone launching a settlement layer to unlock over $30 billion in idle tokenized real-world assets (RWAs) by solving liquidity mismatches in DeFi lending.
Regulatory Crosscurrents and ETF Performance
The CFTC continues its aggressive stance against state-level restrictions on prediction markets, suing Wisconsin following actions against four other states. Meanwhile, XRP spot ETF demonstrated significant single-day inflows of $2.2 million, though Robinhood reported a 47% year-over-year decline in crypto trading revenue, suggesting retail participation remains subdued despite positive institutional sentiment.
RichSilo Verdict
Sophisticated investors should monitor MicroStrategy’s STRC issuance activity as a key catalyst for Bitcoin momentum, while watching how regulatory conflicts between federal and state authorities evolve for prediction markets. The convergence of institutional flows into ETFs, substantial capital commitments to DeFi infrastructure upgrades, and improving macro sentiment suggests the market may be entering a recovery phase, though retail participation remains a lagging indicator. The progression of RWA solutions could unlock significant value in the coming quarters.
