First Mover Americas: Bitcoin Drops Below $64K, Ether Falls

The latest price moves in bitcoin (BTC) and crypto markets in context for April 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Jebara Igbara, AKA ‘Jay Mazini,’ Sentenced to 7 Years in Prison for Crypto-Related Fraud

Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.Source

EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum

The fundraise was led by Hack VC and included contributions from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC and Theta Capital.Source

Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg

U.S. House Representative Maxine Waters (D-California), the top Democrat on the House Financial Services Committee, told Bloomberg Wednesday “We are on our way to getting a stablecoin bill in the short run.”Source

‘Buy Bitcoin’ Sign Sold for Over $1M at Auction

Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.Source

Morgan Stanley May Soon Allow Brokers to Pitch Bitcoin ETFs to Customers: Report

The move may bring fresh energy and capital into the spot ETFs.Source

BlackRock’s Bitcoin ETF Snaps 71-Day Inflow Streak, Data Show

Inflows have slowed this month, taking the wind out of the bitcoin bull run.Source

Protocol Village: SEDA, Data and Computation Network, Launches Mainnet Genesis

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.Source

Do Kwon’s Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms

Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.Source