Day: April 7, 2026

Crypto Hedge Fund Split Capital Winds Down After 100% Returns; Ebtikar Moves to Plasma – Bitcoin News

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Key Takeaways: Zaheer Ebtikar shut down Split Capital after delivering over 100% net returns since its January 2024 launch. Ebtikar cited $100 billion in venture funding and spot ETFs from BlackRock and Fidelity as reasons the hedge fund model is broken. As Plasma’s new CSO, Ebtikar will lead go-to-market strategy for the Plasma One stablecoin neobank app launching in 2026. Crypto Hedge Fund Era Ending? Split Capital Closes as Founder Pivots to Plasma Stablecoin L1 Ebtikar made the announcement on X, where he described the decision as a strategic pivot…

XRP 1-Year MVRV Falls To -41%, Lowest Since FTX Crash

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Bitcoin Holds $67K as Wintermute Flags Sentiment Divergence

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Bitcoin (BTC) continues to show strong support at $67,000, even as a growing split between BTC’s price stability and bearish sentiment among investors leaves the cryptocurrency in a state of equilibrium. BTC’s resilience in avoiding dips below $60,000 has been driven by strong institutional investor demand and long-term buying, despite volatility stemming from the US-Israel-Iran war. Wintermure flags a shift in BTC positioning Market maker Wintermute noted that Bitcoin’s price and sentiment were diverging. The Fear and Greed Index sat at 11 on Tuesday, staying in “extreme fear” for over…

Meme Prediction Market App Giggles Raises $1.2M as Crypto Social Apps Compete for Gen Z – Bitcoin News

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Key Takeaways: Justin Jin, 19, raised exactly $1,234,567 from crypto VC 1kx for meme prediction market app Giggles on April 7, 2026. Giggles has 450,000 waitlist sign-ups, letting users bet “aura points” on whether short videos will go viral. The app plans to convert aura points to real cryptocurrency, putting Giggles in direct competition with platforms like Kalshi. Crypto VC 1kx Backs 19-Year-Old Founder’s Meme Prediction Market Giggles According to a Techcrunch exclusive published Tuesday, Justin Jin secured the deliberately meme-formatted figure from lead investor 1kx, a blockchain-focused venture capital…

Trump plays roulette with Iran as oil and Bitcoin hold their breath

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Trump’s ‘whole civilization will die’ threat to Iran sends oil, Bitcoin and stocks on knife edge. Summary Trump warns that a “whole civilization will die tonight” if Iran misses his Strait of Hormuz deadline, jolting oil, equities and crypto. Brent crude hovers above $110 as traders price a binary outcome: deal, delay or strikes. Bitcoin and Ethereum slip below recent highs as risk assets wobble ahead of Trump’s 8 p.m. Washington deadline. President Donald Trump’s threat that “a whole civilization will die tonight” if Iran defies his ultimatum on the…

FBI Reports $11.37B in Crypto Scam Losses as US Fraud Hits Record High – Crypto News Bitcoin News

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Key Takeaways: FBI IC3 logged $11.37B crypto losses in 2025, up 22% YoY across 181,565 complaints. Investment scams drove $7.2B losses, dominating IC3 data and targeting U.S. users via social apps. Chainalysis sees $17B global scam activity ahead, with AI tools shaping next fraud wave. FBI IC3 Report Reveals Record Crypto Losses in 2025 Across the United States The figure, detailed in the FBI’s Internet Crime Complaint Center report, reflects $11,366,669,732 in crypto-linked losses, a sharp rise from $9.3 billion in 2024. The jump represents roughly 22% growth year over…

Underdog Bitcoin Miner Bags 3.139 BTC In Stunning Block Discovery

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A 33-day dry spell for solo Bitcoin miners ended last week when one small operator cracked a block that, statistically, should not have been cracked for decades. Related Reading One Miner, One Block, One Very Long Shot The winning miner earned 3.139 BTC — worth roughly $210,000 — after successfully validating block 943,411 on April 3. The payout included the standard 3.125 BTC block subsidy and approximately 0.014 BTC in transaction fees. Data from mempool.space confirmed the transaction. The miner operated through CKPool, a platform built for independent operators who…

US Prosecutors Reject Tornado Cash Co-founder‘s Argument for Dismissal

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Jay Clayton, the US Attorney for the Southern District of New York (SDNY) and former chair of the Securities and Exchange Commission (SEC), has penned a response to Tornado Cash co-founder Roman Storm’s motion for acquittal, criticizing his alleged criminal behavior.   In a Tuesday filing in the US District Court for the Southern District of New York, Clayton said that Storm’s criminal use of Tornado Cash was “window dressing at best and outright misdirection at worst,” rejecting arguments that he be allowed to use a civil copyright case in his…

Resident Evil Star Milla Jovovich Builds AI Memory Tool With Engineer Ben Sigman – Bitcoin News

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Key Takeaways: Milla Jovovich co-created Mem-Palace, an open-source artificial intelligence (AI) memory tool that reached ~7,000 Github stars by April 7, 2026. Mem-Palace scored 96.6% on LongMemEval R@5, outperforming paid rivals Mem0 and Zep at roughly 85%. Ben Sigman engineered the v3.0.0 release, with MCP integration supporting 19 tools for Claude, ChatGPT, and other LLMs. Milla Jovovich Designs AI Memory Architecture Inspired by Ancient Greek Memory Techniques Milla Jovovich, best known for her roles in “The Fifth Element” and the “Resident Evil” franchise, designed the core architecture of the tool…