Federal class action accuses AI16Z/ELIZAOS of a $2.6B crypto fraud via fake AI claims and deceptive marketing, alleging insider favoritism and a staged autonomous system; seeks damages under consumer protection laws. Abstract: This report covers a SDNY federal class-action filed April 21 accusing AI16Z and its rebrand ELIZAOS of a $2.6 billion crypto fraud involving fake AI claims and deceptive marketing. The suit alleges a manufactured link with Andreessen Horowitz and a non-autonomous system. It details a peak valuation in early 2025, a 99.9% crash, and about 4,000 losing wallets, with insiders receiving ~40% of new tokens. Plaintiffs seek damages and equitable relief under New York and California consumer-protection laws. Regulators in Korea and major exchanges have warned or suspended related trading.

A coordinated Ethereum phishing attack drained $585,000 from four victims, exploiting user permissions through a deceptive link. This incident highlights the rapid loss of funds via social engineering, even under the guise of legitimacy.

ATT Global and ENI have partnered to integrate real-world advertising with blockchain technology, enhancing user engagement and creating measurable digital assets. This collaboration aims to convert traditional Web2 traffic into quantifiable Web3 interactions through decentralized systems.

AION token's price plummeted 69.83% to $0.000181 in one hour, with trading volume rising to $32,928. Market observers link this drop to changing trader sentiment amid a fluctuating crypto market. Key resistance and support levels are being closely monitored.

On April 12, the prediction market Polymarket briefly appeared in Google News search results, but was then removed. Google said this was an error and said it will no longer display it. The platform has been proactively integrated with media and has already partnered with Google and the X platform.

Gate News message, a whale withdrew 265,132 LINK tokens valued at $2.38 million from a centralized exchange 3 hours ago. The transaction was executed through address 0x5cEE8F38f287659edb1D88159a3a678AE82a237E.

Gate News message. On April 11, according to some CEX price data, RAVE briefly broke through 1.7 USDT and is currently trading at 1.58 USDT, with a 24-hour gain of 315%. In addition, according to Ai Yi monitoring, in the past 7 hours, an address has cumulatively withdrawn 29.78 million RAVE from a certain CEX, totaling a value of 33.68 million US dollars. There is a clear financial link between this address and the two addresses that, earlier this morning, deposited tokens to the trading platform near the starting point of the price surge.

Gate News message: According to Gate official announcements, Gate has launched UPUSDT perpetual futures for live trading, using USDT settlement. It supports 1–20x leverage for both long and short positions, and users can choose the leverage ratio themselves when placing an order. UP perpetual futures are now open for trading. Users can access the trading link and view the contract details through the relevant pages on the platform.

The Federal Deposit Insurance Corporation (FDIC) has introduced new regulations that bring stablecoin oversight closer to the bank model, requiring issuers to hold safe assets and allowing them to be redeemed on a 1:1 basis. This change strengthens the link between stablecoins and traditional finance, improving transparency and safety, and is expected to attract more institutional investors while promoting the integration of cryptocurrencies with traditional finance.

Gate News: Message, on April 4, according to crypto analyst Ai Yi monitoring, three addresses holding Chainlink non-circulating supply collectively transferred 2.5 million LINK to a certain CEX over the past 4 hours, worth approximately $21.65 million.