Polish prosecutors are investigating Zondacrypto over alleged fraud and fund access issues, while local media report that CEO Przemysław Kral is in Israel. Zondacrypto’s crisis deepened on Friday after Polish outlet Onet reported that CEO Przemysław Kral had gone to Israel as prosecutors investigate the exchange over alleged fraud and investor losses. According to the report, Kral has been in Israel for about a week and holds Israeli citizenship, a factor that could complicate any potential extradition to Poland. Polish authorities opened an investigation into Zondacrypto last Friday over alleged fraud and investor losses. Cointelegraph also confirmed that Kral’s email address, previously used to communicate with him, has become unavailable. The developments come a week after Kral admitted last Thursday that Zondacrypto’s cold wallet holding 4,500 Bitcoin was inaccessible, marking his last publicly known communication at the time of reporting. Polish prosecutors have identified several hundred possible victim...
Wisconsin’s lawsuit against Kalshi, Robinhood, Coinbase, Polymarket and Crypto.com deepens the battle between state gambling enforcers and federal regulators over sports prediction markets. Wisconsin’s top law enforcement official has sued a group of fintech and crypto platforms, including Kalshi, Robinhood, Coinbase, Polymarket and Crypto.com, accusing them of facilitating illegal sports betting by offering “event contracts,” according to complaints filed April 23 in Dane County. Attorney General Josh Kaul is seeking preliminary and permanent injunctions to block the companies from offering sports-related markets to customers in Wisconsin and to have a court declare the operations unlawful under state gambling law and a public nuisance. The case adds to a growing clash between state gambling laws and federally regulated prediction markets, as regulators and courts across the United States debate whether event contracts are financial instruments or illegal wagers. Read more
Spot XRP ETFs record net inflows for nine consecutive days, absorbing sell pressure and potentially supporting XRP price recovery over time. XRP (XRP) has fallen about 5% against Bitcoin (BTC) over the past week, and the confirmation of a bearish pattern now points to the risk of more losses ahead. Key takeaways: XRP/BTC’s descending triangle pattern on the weekly chart points to a possible 40% drop. Read more
Bitcoin price action has one more week to go until it potentially achieves its biggest month's gains since late 2024. Bitcoin (BTC) will cement its biggest monthly gains since late 2024 if it closes at current levels. Key points: Bitcoin is on track to see its best monthly performance since late 2024, narrowly beating April 2025. Read more
Cryptography company Succinct launched Zcam, an iPhone camera app that signs photos and videos at capture to help prove media authenticity in the AI era. Cryptography company Succinct has launched Zcam, an iPhone camera app that cryptographically signs photos and videos at the moment of capture to help prove their authenticity. The company said Thursday that Zcam embeds a tamper-evident record linking media to the device that captured it, allowing viewers to verify that content was not digitally altered or generated by artificial intelligence. According to Succinct, the app works by hashing raw image data and signing it using keys generated inside Apple’s Secure Enclave, a hardware-based security module. The resulting signature, along with capture metadata and attestation, is embedded into the file using the Coalition for Content Provenance and Authenticity (C2PA) standard, a framework for attaching tamper-evident provenance data to digital media. Read more
Metaplanet raises $50 million through zero-interest bonds from EVO FUND to expand its Bitcoin treasury, extending its capital markets-driven accumulation strategy. Tokyo-listed Metaplanet has issued 8 billion Japanese yen ($50 million) in zero-interest bonds to EVO FUND, with the proceeds earmarked for additional Bitcoin purchases, according to a Thursday filing. According to the filing, the 20th series of ordinary bonds matures in April 2027 and is unsecured, giving Metaplanet another source of zero-interest funding as it expands one of the largest corporate Bitcoin treasuries in the market. EVO FUND, a Cayman-based fund at the core of Evolution Financial Group, specializes in structured financings for digital asset-focused companies and is the main subscriber to Metaplanet’s zero-coupon bonds used to fund Bitcoin purchases. Read more