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FDIC Proposes GENIUS Act Rules for Bank Stablecoin Issuers: 1:1 Reserves and 2-Day Redemptions Required

Coins Legend April 7, 2026 0

The Federal Deposit Insurance Corporation approved a notice of proposed rulemaking Tuesday, laying out reserve, redemption, capital, and risk management requirements for bank-affiliated stablecoin issuers operating under the GENIUS Act. Key Takeaways: The FDIC approved a proposed rule on April

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BTC Erases Gains in Global Risk-off Flush Amid Middle East Military Escalation

Coins Legend April 7, 2026 0

On April 7, bitcoin tumbled below $68,000, hitting an intraday low of $67,724. This marked a swift reversal from the previous day’s attempt to break the $70,000 resistance level. Key Takeaways: Bitcoin fell below $68,000 on April 7 following U.S. and Israeli military strikes on Iranian infrastructure. High volatility led Coinglass to report $60.63 million […]

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

Coins Legend April 7, 2026 0

Americans reported a record $11.37 billion in cryptocurrency-related losses to the FBI in 2025, marking the highest annual total on record. 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 […]

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

Coins Legend April 7, 2026 0

Zaheer Ebtikar has shut down Split Capital, the crypto hedge fund he launched in January 2024, and joined stablecoin blockchain startup Plasma as Chief Strategy Officer. 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 […]

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Report: Meme Prediction Market App Giggles Raises $1.2M as Crypto Social Apps Compete for Gen Z

Coins Legend April 7, 2026 0

A 19-year-old Canadian entrepreneur has raised $1,234,567 in pre-seed funding for Giggles, a meme-driven prediction market app that lets users bet on whether short videos will go viral. 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, […]

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Fox Corporation Partners With Kalshi to Add Prediction Market Data to FOX News and FOX One

Coins Legend April 7, 2026 0

Fox Corporation announced a sponsored integration with Kalshi on Tuesday, adding real-time prediction market data to four of its major platforms. Key Takeaways: Fox Corporation is integrating Kalshi prediction market data across FOX News, FOX Business, FOX Weather, and FOX One starting April 7, 2026. Kalshi, which draws millions of monthly visitors with roughly 70% […]

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

Coins Legend April 7, 2026 0

Actress Milla Jovovich has co-created Mem-Palace, a free, open-source AI memory system that hit roughly 7,000 Github stars within days of its April 2026 release. 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,

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Sealminer A4 Series Debuts as Bitdeer Hits New Bitcoin Mining Efficiency Record

Coins Legend April 7, 2026 0

Bitdeer Technologies Group launched its Sealminer A4 series of bitcoin mining rigs on Tuesday, with the flagship model reaching 9.45 joules per terahash, placing it among the most power-efficient machines announced by any major manufacturer. Key Takeaways: Bitdeer launched the Sealminer A4 Ultra Hydro on April 7, 2026, hitting 9.45 J/TH efficiency, among the best […]

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Morgan Stanley Bitcoin ETF Expected Tomorrow as Massive Inflow Speculation Builds

Coins Legend April 7, 2026 0

Morgan Stanley moves closer to launching a bitcoin ETF, signaling a major step toward broader institutional access and intensifying expectations for significant capital inflows into crypto markets. Key Takeaways: Morgan Stanley targets April 8 launch for bitcoin ETF on NYSE Arca. Fee below Blackrock IBIT’s 0.25% could shift ETF competition and attract new capital flows.

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Regulated AVAX and SUI Futures Coming to CME Group This May

Coins Legend April 7, 2026 0

CME Group announced Tuesday it will list avalanche (AVAX) and sui (SUI) futures contracts beginning May 4, 2026, as the world’s largest derivatives marketplace continues building out its regulated crypto suite ahead of a planned 24/7 trading launch later in the month. Key Takeaways: CME Group added AVAX and SUI futures on April 7, 2026, […]