| Open‑Source Intelligence for Crypto | | | Crypto Signals Daily | | | | |
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Risk-off crypto mood as Bitcoin slips on ETF outflows, FOMC uncertainty and regulatory clashes |
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April 29, 2026 |
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Today’s Setup
FOMC, ETF flows and regulatory fights set the tone for risk assets
Macro & flows: Bitcoin slipped below $76K as US spot ETFs posted $263M in outflows and on‑chain indicators flashed mixed signals ahead of the April 28–29 FOMC. Institutional demand: MicroStrategy’s $7.2B of purchases over eight weeks is credited with powering a recent ~20% BTC rebound, altering supply dynamics for traders to watch. Regulatory risk: The CFTC’s lawsuit against Wisconsin over prediction‑market oversight, and related talks with Polymarket, heighten uncertainty for U.S. derivatives and on‑chain betting venues.
Watch: FOMC decision and US spot‑ETF flows this week; regulatory moves in Washington and large institutional on‑chain transfers.
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Top Stories
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Bitcoin slips below $76K as US spot ETF flows turn negative ahead of FOMC
Bitcoin fell under $76,000 amid weakening spot demand, Coinbase premium turning negative and $263 million in US spot ETF outflows, leaving traders cautious ahead of the Fed meeting.
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MicroStrategy’s $7.2B of BTC purchases cited as the main driver of the recent 20% rebound
Analysts say MicroStrategy’s $7.2 billion in Bitcoin buys over eight weeks, alongside $3.8 billion in ETF inflows and long‑term holder accumulation, materially contributed to the recent BTC rally.
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Block discloses $2.2B in Bitcoin holdings in third‑party Q1 proof‑of‑reserves
Block reported $1.5 billion of customer Bitcoin and $692 million in corporate treasury holdings in a third‑party audited Q1 proof‑of‑reserves, bringing its treasury toward roughly 9,000 BTC.
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Galaxy Digital posts $216M Q1 loss and moves roughly 45,000 ETH to exchanges
Galaxy reported a $216 million Q1 net loss even as Hyperliquid gains and expected data‑center revenue helped sentiment; the firm transferred about 45,000 ETH to Binance, Bybit and OKX, raising potential sell‑pressure concerns.
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CFTC sues Wisconsin in prediction‑market jurisdiction clash as Polymarket holds talks with regulators
The CFTC filed suit against Wisconsin to block state regulation of prediction markets, an escalation that coincides with reports Polymarket is pursuing CFTC approval to reopen its main exchange to U.S. traders.
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| Also on the Wire |
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• Pump.fun executed a roughly $370M token burn, removing about 36% of circulating supply and pledging half of future revenue to buybacks, sending PUMP up more than 6%.
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The Block
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• DeFi United with Aave and Compound published a technical plan to restore rsETH backing and unwind attacker‑linked positions after the $293M Kelp DAO exploit.
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Cointelegraph
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• Robinhood reported a near 50% drop in Q1 crypto revenue and trading volume, weighing on the stock after earnings missed expectations.
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Decrypt
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• Canada proposed a ban on crypto ATMs, citing rising fraud and money‑laundering concerns tied to the machines.
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CoinDesk
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• The CFTC said it will use artificial intelligence to review crypto registration applications as the agency contends with workforce reductions.
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The Block
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• Israel approved its first regulated stablecoin, the digital shekel, marking a policy milestone for tokenized national currency.
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CoinDesk
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• An Ethereum ICO‑era address moved about $23M in ETH after a decade of dormancy, drawing attention to long‑idle holdings becoming active.
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The Block
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• A federal judge denied Sam Bankman‑Fried’s request for a new trial, rejecting claims of newly discovered evidence and upholding the original sentence.
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The Block
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