The US SEC's re-examination of whether Ethereum belongs to the securities category has caused controversy. ConsenSys has put forward four reasons to support Ethereum's non-securities status:

1. ETH falls below $3,100

According to Caixin, the first batch of six virtual asset spot ETFs issued by Boshi International, Huaxia Fund (Hong Kong), and Jiashi International has been officially approved by the Hong Kong Securities Regulatory Commission. The goal is to be listed on April 30, 2024. It should be noted that mainland Chinese investors are currently not able to participate in the trading of these ETFs, despite the fact that they are first issued by Hong Kong companies under the umbrella of Chinese public funds.According to the product list on the Hong Kong Securities Regulatory Commission website, these six virtual asset spot ETFs were officially approved on April 23, 2024. The products are as follows: Jiashi Bitcoin Spot ETF (03439.HK), Jiashi Ethereum Spot ETF (03179.HK), Huaxia Bitcoin ETF (03042.HK), Huaxia Ethereum ETF (03046.HK), Boshi HashKey Bitcoin ETF (03008.HK), and Boshi HashKey Ethereum ETF (03009.HK).

Maxine Waters, the Democratic leader of the US Financial Services Committee, predicted on Wednesday that she and Chairman Patrick McHenry will soon reach an agreement on stablecoin regulation legislation.

Binance founder Changpeng Zhao has been recommended a three-year prison sentence by federal prosecutors for violating federal money laundering laws and sanctions. The Department of Justice argued that this sentence would hold him accountable for his intentional criminal conduct and send a message to the world. Zhao made a "business decision" to break the law to attract users, build his company, and line his pockets, according to prosecutors. Along with the prison sentence, DOJ lawyers also requested that Zhao pay the $50 million fine he agreed to as part of a plea deal. Zhao, who is a citizen of the UAE and Canada, has been released on a $175 million bond but must remain in the U.S. until his sentencing on April 30.

According to Golden Finance News, Indonesian President Joko Widodo stated that he has noticed signs of money laundering through cryptocurrency in 2021, amounting to $8.6 billion (IDR 139 trillion). In addition to cryptocurrencies and NFTs, the president emphasized the need to monitor other potential money laundering tools, including virtual assets, market activities, e-currencies, and AI-driven transactions. Mahendra Siregar, Chairman of the Financial Services Authority (OJK) Committee, responded to the President's directive, stating that when cryptocurrency regulation is transferred to the OJK next year, his agency will supervise these issues.

Hong Kong Sha Tin District Councilor Deng Zhaofeng published an article entitled "Grasping Financial Innovation Opportunities and Not Forgetting to Exclude Risks" in the A14 edition of Hong Kong Wen Wei Po, pointing out that the launch of Hong Kong's virtual currency ETF brings three opportunities to the market:

On April 23rd, Fidelity revised their mid-term outlook on Bitcoin from "positive" to "neutral" after some indicators showed that Bitcoin is no longer considered "cheap" in the face of potential selling pressure.

he 11 spot bitcoin ETFs approved by US regulators in January managed to attract a total of more than $13 billion in fund inflows in the months following their launch, a feat that took gold ETFs several years to achieve. However, demand for the product appears to be slowing down after several weeks of net inflows into the bitcoin ETF. By the third week of April, ETF demand had slowed to consecutive days of net outflows. Following the halving of BTC block rewards, ETF inflows have turned negative.

According to Whale Alert monitoring, a total of 800 million XRP were locked in three transfer transactions to Ripple's custody address this morning, with a value of approximately 476 million US dollars.