This cryptocurrency relies entirely on the popularity of Changpeng Zhao (CZ)’s new memoir for its identity and value. It lacks its own purpose, development plan, or established team. CZ’s book, titled ‘Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of Binance’ (and 《币安人生》 in Chinese), became available on Amazon worldwide on April 8, 2026.
In a Monday announcement that felt more like a dramatic revelation than a press release, it was disclosed that this funding round also caught the fancy of several global family offices, extending Bybit’s initial flirtation from its earlier support during Hata’s $4.2 million seed round.
Look, a major crypto drama unfolded, and guess what? Arbitrum jumped into action faster than a cat on a laser pointer at a tech conference. After the exploit hit Kelp DAO, they froze a whopping 30,766 ETH-just to make sure nobody else gets robbed blind. Good thinking, right? Except, who knew that securing money was such a hassle? It’s like babysitting a bunch of toddlers with sticky fingers!
On Monday night, Arbitrum’s Security Council took action to protect around $71 million worth of Ether (ETH) – approximately 30,766 ETH. They moved the funds, which are connected to the recent $292 million rsETH hack, into a special wallet. This wallet can only be accessed if Arbitrum’s community governance system approves it, adding an extra layer of security.
Last week’s influx of digital coins swelled to a staggering $1.4 billion, according to CoinShares. This vault of new wealth, the second‑largest rush since January, followed a $1.1 billion surge from the week before, making a triumphant three‑week march that totalled $2.7 billion.
Similar to Bitcoin, Ethereum’s price briefly fell to around $2,250 before buyers stepped in. This led to a rebound, and the price is now trading above the $2,300 level.
The price has stabilized, staying above the $1.38 support level and trading around $1.40. This isn’t necessarily a sign of a big price increase, but rather a temporary balance between buyers and sellers.
From my analysis, Grayscale is switching custody providers from Coinbase to Anchorage Digital. This decision appears to be driven by concerns around competition, avoiding over-reliance on a single provider, and navigating the evolving regulatory landscape.
Tim Cook will become executive chairman, continuing to guide the company’s overall strategy, but Ternus will now be responsible for daily operations.
