The court froze Craig Wright's assets worth $7.6 million.

British judge James Mellor approved the freezing of Craig Wright's assets for 6 million pounds sterling (about $7.58 million). This was reported by The Block concerning court documents.

The decision was made to prevent evasion of legal fees after Wright withdrew some of his assets from the UK. He did this after the court refused to recognize him as the creator of Bitcoin, Satoshi Nakamoto.

 

Justin Sun's Tron asks the court to dismiss the SEC's lawsuit.

Justin Sun's Tron Blockchain recently went to New York Federal Court to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The platform asked the court to dismiss the case under the fundamental issues doctrine, pointing out that the SEC does not have autocratic power over the crypto space.

A key focus of Tron was the regulator's intervention in "offerings of foreign digital assets to foreign buyers on global platforms." The blockchain firm argued that the regulator's attempt to apply US security laws to "predominantly foreign conduct" was beyond the SEC's authority. While the SEC is not a “global regulator,” its involvement in international affairs goes beyond its scope, Tron added.

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Justin Sun and three of his companies for their alleged “unregistered offering and sale of crypto-asset securities.” According to the charges, owned by Sun Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc. fraudulently manipulated the "TRX secondary market through extensive wash trading."

 

Notcoin timed the listing of the token to coincide with the Bitcoin halving.

The gaming Web3 project Notcoin announced the listing of the NOT token on April 20. On the same day, halving will take place in the network of the first cryptocurrency. The game works as an application in Telegram. For about three months, users mined non-existent tokens by clicking on an animated image of a coin on the screen. Additional rewards could be received as part of the referral program, as well as for completing various tasks. On March 8, the team opened a P2P premarket NOT on the Getgems platform. Users were able to convert their Notcoin game balance into NFT vouchers of 10 million and 100 million coins and trade them on the site. Subsequently, it will be possible to exchange vouchers for NOT.

 

The user earned $1 million in a day using the EPIK meme token.

The trader multiplied his investment by 195 times on one of the meme tokens on the Solana blockchain. Lookonchain analysts drew attention to this. On April 4, a user bought 261.27 million TEH EPIK DUCK (EPIK) coins for 30.3 SOL ($5300). A day later, through a series of transactions, he sold 231.27 million EPIK for 5936.7 SOL ($1.04 million). Subsequently, the address continued to purchase and drain the meme coin. In the comments, users warned that such trading histories often represent a Pump & Dump scheme.
 

Ethena Labs added Bitcoin to USDe collateral. The community drew parallels with LUNA.

The Ethena Labs team has included Bitcoin in the collateral assets of its “synthetic dollar” USDe. The expert called this a risk for digital gold.

According to the statement, the decision is aimed at “significantly” increasing the market supply of the stablecoin from the current $2 billion. This is facilitated by access to the BTC derivatives market, which is “growing faster than Ethereum.”

The project opened access to the stablecoin on the Ethereum main network on February 19. USDe can be locked in Ethereum staking (5% return) or deposited in another DeFi protocol to receive additional income on future transactions (above 20%).

The asset's peg to the dollar is ensured by a delta hedging strategy in derivatives markets. Risks of loss are mitigated by holding positions on the spot and shorts in options; liquidation costs are covered by income from the asset.

 

PayPal has expanded the use of PYUSD to international payments.

On April 4, the payment company PayPal announced the launch of its cross-border payments and transfers service Xoom.

The service is available to customers from the United States. They will be able to send money to “recipients in approximately 160 countries” using the company’s stablecoin PYUSD.

In a press release, the company cited a World Bank report that found “the average cost of sending $200 worldwide is just over 6%.” At the same time, PayPal is looking to expand the use of its stablecoin.

 

The Wormhole airdrop has attracted the attention of scammers. The W token fell 20%.

On April 3, the cross-chain protocol Wormhole conducted a distribution of the W token, which was listed by many CEXs on the same day. However, the airdrop attracted a lot of attention from scammers, which negatively affected the price of the coin.

According to the observations of on-chain detective ZachXBT, “tons” of phishing messages from fraudulent accounts appeared under the official message from the developers, many of which were marked with “golden checkmarks”.

Wormhole co-founder Robinson Berkey's official X account was also attacked. Hackers probably hacked into his account and started posting malicious links. After the incident, Berkey's page became private.

The developers of the browser security extension Pocket Universe noted that their application blocks “hundreds” of scam comments under Wormhole’s original post about the airdrop stigma.