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Sam Bankman-Fried moved to a low-security prison — so what?

Sam “SBF” Bankman-Fried, the disgraced co-founder of collapsed cryptocurrency exchange FTX, to a low-security US federal correctional institution

Bankman-Fried was moved to the low-security Terminal Island federal correctional institution. Previously, he was located at the Victorville medium-security facility, a notoriously violent place, according to prison consultant firm Elizabeth Franklin-Best.

Samuel Goldfaden, a partner at the crypto-centric lawfirm, DLT Law told Cointelegraph that while his previous facility was violent, BankmanFried had been held in a safer part of the facility, adding:

“Sam Bankman-Fried spent most of his detention in the more secure dorm units of MDC Brooklyn, reportedly alongside other high-profile inmates such as Sean P. Diddy to ensure his safety.“Terminal Island FCI review. Source: Elizabeth Franklin-BestIn “good” company

Terminal Island is located in San Pedro, California and houses involved in financial crime. According to Franklin, notable inmates at the facility include ormer

OpenSea regains NFT market lead as rivals fall behind in user activity

Non-fungible token (NFT) marketplace OpenSea regained its position as the leading platform for digital collectible trading, even as overall market activity declined.

Data tracker NFTScan shows that OpenSea has held the top spot in NFT marketplace trading volume for the last 30 days. According to the data, OpenSea holds more than 40% of the market’s trading volume, while Blur, its largest competitor, is at 23%. NFT platform Magic Eden has a 7.69% market share, while OKX NFTs have a 5% market share.

The data tracker also shows that in the last month, almost 70% of the wallets transacting with NFTs engaged with OpenSea. More than 610,000 wallets used OpenSea. In the last three months, OpenSea had over 2.1 million wallets engaging with its platform.

By comparison, wallets engaging with Magic Eden, Blur and OKX NFT reached a combined market share of 17%, about 103,000 wallets. In the last

‘Vitalik: An Ethereum Story’ is less about crypto and more about being human

When Zach Ingrasci and Chris Temple had the idea to make the documentary film Vitalik: An Ethereum Story, they were actually filming another documentary, and over the course of their filmmaking journey, they ended up capturing both a deeper, human look at the world of crypto and an end product that serves as a use case for the future of crypto filmmaking.

When crafting a documentary, filmmakers will typically start with a vision of what they’d like to explore, a vision often saddled with a set of assumptions, only to shatter that vision once filming begins, creating an entirely new direction for the project.

It’s a creative evolution that filmmakers Zach Ingrasci and Chris Temple also experienced while making the documentary feature This Is Not Financial Advice, during which they realized they had an entirely different film on their hands.

“While we were making that film, we wanted

Arkansas city rejects crypto mining proposal after community pushback

The planning commission of Vilonia, Arkansas, unanimously rejected a proposal to establish a cryptocurrency mining facility within the city limits, following strong opposition from residents.

According to local reports, the decision came after weeks of community pushback, where citizens voiced concerns over potential noise pollution, increased energy consumption and the overall environmental impact associated with crypto-mining operations.

During public meetings, Vilonia residents expressed concern that the mining operation could disrupt the town’s quiet atmosphere and strain local infrastructure.

Many pointed to examples from other regions where similar facilities led to rising electricity costs and constant noise from mining rigs.

“I just want to ask, like, did we make a mistake moving here? We’re not asking these people to come here. I grew up here. I graduated from Vilonia, and we [are] Arkansas, the natural state, not Arkansas, the Bitcoin state,” one community member told

RTFKT’s CloneX avatars reappear after issue blacks out NFTs

More than 19,800 CloneX digital avatars developed by non-fungible token firm RTFKT Studios have reappeared after Cloudflare blacked out the NFTs for apparently violating its terms of service.

“This content has been restricted. Using Cloudflare’s basic service in this manner is a violation of the Terms of Service. Please visit cfl.re/tos to learn more,” the message read on April 24.

RTFKT’s head of tech, Samuel Cardillo, has refuted claims that it missed a payment, attributing the issue to changes happening with RTFKT’s “current Cloudflare setup.”

NFT content creator Wale Swoosh earlier speculated that RTFKT may have subscribed to an inadequate Cloudflare plan for high-traffic image serving. Cloudflare offers a range of web infrastructure services.

Source: Wale Swoosh

Most of the CloneX NFTs have started to reappear, according to Cardillo, who added that Cloudflare has

North Korean hackers set up 3 shell companies to scam crypto devs

A subgroup of the North Korea-linked hacker organization Lazarus set up three shell companies, two in the US, to deliver malware to unsuspecting users.

The three sham crypto consulting firms — BlockNovas, Angeloper Agency and SoftGlide — are being used by the North Korean hacker group Contagious Interview to distribute malware through fake job interviews, Silent Push Threat Analysts said in an April 24 report.

Silent Push senior threat analyst Zach Edwards said in an April 24 statement to X that two shell companies are registered as legitimate businesses in the United States.

“These websites and a huge network of accounts on hiring / recruiting websites are being used to trick people into applying for jobs,” he said.

“During the job application process an error message is displayed as someone tries to record an introduction video. The solution is

Saylor holding 10M BTC won’t ‘threaten the protocol,’ says author

Key Takeaways

Bitcoin Standard author Saifedean Ammous says that even if one entity owned a huge amount of Bitcoin, it wouldn’t hurt the protocol

Ammous reiterated major companies like BlackRock and Strategy don’t own the Bitcoin they hold since it belongs to the investors

Ammous said if these companies ever abused their position, people would likely pull their money and invest somewhere else.

Michael Saylor’s Strategy hypothetically hoarding nearly 48% of Bitcoin’s total supply wouldn’t pose any risk to the Bitcoin protocol or its price, says Bitcoin Standard author Saifedean Ammous.

“If Michael Saylor ends up with 10 million Bitcoin, what is he going to do? He’s likely just going to leverage them to buy more Bitcoin,” Ammous said during an April 25 interview with crypto entrepreneur Anthony Pompliano.

Ammous dismisses Bitcoin hoarders posing risks

“Ultimately, I don’t see how it would threaten the protocol in the serious sense,” Ammous said.

Ammous

SEC bids to drop securities suit against Dragonchain over crypto ICO

The US Securities and Exchange Commission is looking to drop its unregistered securities lawsuit against blockchain firm Dragonchain in the agency’s latest crypto-related backdown.

In a joint stipulation filed with Dragonchain on April 24 in a Seattle federal court, the SEC said it “believes the dismissal of this case is appropriate,” citing the work of the agency’s Crypto Task Force in helping “develop the regulatory framework for crypto assets.”

“The Commission and the Defendants stipulate that this Litigation be dismissed with prejudice […] and without costs or fees to either party,” the filing reads.

The SEC sued Dragonchain, Inc.; its backer, the Dragonchain Foundation; The Dragon Company; and Dragonchain’s founder, Joseph Roets, in August 2024, claiming they raised $16.5 million through a crypto token that was an unregistered securities offering.

According to the SEC, the Dragonchain (DRGN) tokens raised $14 million in an August

Ethereum devs test a 4x increase in gas limit for Fusaka hard fork

Ethereum core developers are considering a four times increase in the layer 1 gas limit as one of the key features for the next hard fork after Pectra, known as Fusaka.

The devs are proposing to test a raise in Ethereum’s gas limit to 150 million by the Fusaka hard fork, according to Ethereum Improvement Proposal (EIP) 9678, introduced on April 23 by Sophia Gold, a developer on the protocol support team at the Ethereum Foundation.

During the last All Core Devs Execution (ACDE) meeting, there were discussions to make the gas limit increase a “key feature” of Fusaka, Ethereum core developer Tim Beiko said in an April 24 meeting summary.

“To align on client defaults and keep this as a priority, we’ve drafted an EIP. It’s a bit unconventional, but not unprecedented (see EIP-7840). We plan to

Bitcoin is holding above $90K, so why is ‘greed’ sentiment slipping?

Key takeaways:

Crypto market sentiment hit a two-month high with the Crypto Fear & Greed Index returning to “Greed” territory on April 23.

Despite Bitcoin’s price hold, the sentiment score is gradually declining, and analysts are expressing doubt over the rally’s sustainability.

The crypto market remains Bitcoin-heavy, with its dominance above 64%, strong ETF inflows and a low altcoin season score.

Bitcoin’s several-day surge above $90,000 pushed crypto market sentiment to its highest point in more than two months on April 23, but it’s gradually tapering off again as analysts air concerns about the sustainability of Bitcoin’s rally.

On April 23, the Crypto Fear & Greed Index clocked a score of 72 out of 100, putting it in the “Greed” zone as Bitcoin (BTC) returned above the $90,000 level. However, as of April 25, the score has fallen to 60 despite the relatively stable