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This Week in Crypto Law (Apr. 12, 2026)
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. This Week in Crypto Law The opinion editorial below was written by Alex Forehand and Michael…
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ZachXBT Flags $280M+ KelpDAO Exploit Hitting Ethereum DeFi Lending Markets
An attacker reportedly exploited a minting flaw in KelpDAO’s rsETH liquid restaking token on April 18, 2026, draining an estimated $280 million or more across Ethereum and Arbitrum. Key Takeaways: ZachXBT flagged a $280M+ theft across…
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Can Bitcoin Buyers Join The Breakout Party? Analyst Says Not Yet
Bitcoin seems to have finally broken out of weeks of stagnation with an 11% rally, signaling a notable shift in its market momentum. Expectedly, this move has drawn renewed attention from various market participants who may be eager to…
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Polymarket Strait of Hormuz Odds Crash After Iran Fires on Tankers
Polymarket’s contract on Strait of Hormuz traffic returning to normal by April 30 collapsed to 28% Yes on Saturday after Iran reimposed shipping restrictions and Iranian Revolutionary Guard Corps gunboats reportedly fired on at least one…
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Bitcoin CME Options Open Interest Stays Put-Heavy as Price Stalls Around $76,000
Bitcoin futures open interest across all exchanges slid 4.2% over the past 24 hours to $58.44 billion, while options positioning on the CME skewed heavily toward puts, a clear signal that institutional traders are hedging rather than…
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RAVE Crashes 68% as Binance and Bitget Investigate Manipulation Claims
RAVE’s collapse is intensifying fears of fragile price structures in low- liquidity tokens, with a rapid unwind exposing extreme volatility. The steep decline underscores how quickly momentum-driven rallies can reverse under concentrated…
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Circle Launches USDC Bridge for Native Cross-Chain Transfers Across EVM Networks
Circle launched the USDC Bridge this week, giving users a direct, Circle-operated interface to move native USDC across supported blockchains without wrapped tokens, liquidity pools, or manual route selection. Key Takeaways: Circle launched…
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Iran Closes Strait of Hormuz Hours After Trump Said It Would ‘Never’ Close Again
Iran’s military reasserted control over the Strait of Hormuz on April 18, 2026, directly contradicting President Donald Trump’s claims that the critical waterway was fully open and would “never” close again. Key Takeaways: Iran re-imposed…
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RAVE Token Enters Top 20 After Staggering 10,000% Monthly Surge
RAVE has seen a meteoric 10,000% price surge since April 1, reaching an all-time high of $27.88 and entering the top 20 crypto rankings with a $6.6 billion market cap. Key Takeaways: RaveDAO’s RAVE token soared 10,000% since April 1,…
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French Finance Minister: Euro-Based Stablecoins Vital to European Financial Sovereignty
French Finance Minister Roland Lescure has called on European banks to aggressively develop euro-based stablecoins and tokenized deposits to challenge the overwhelming dominance of the U.S. dollar in digital payments. Key Takeaways: Roland…
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