Summary
On 2026-04-28, the crypto market experienced a mix of developments, with Bitcoin and other major coins experiencing price fluctuations. Ondo Finance added proxy voting for holders of its $700 million tokenized equities, aiming to bring tokenized stocks and ETFs closer to traditional ones. Meanwhile, the crypto lobby backed the formal removal of ‘reputation risk’ from bank examinations, and Jack Dorsey’s Block unveiled Bitcoin proof-of-reserves in a transparency move. Regulatory developments also made headlines, with the Acting AG confirming ‘code is not a crime’ and a senator expressing concerns over a Senate crypto bill.
Markets
Bitcoin traded at $76,923, down 2.4% over 24 hours, with the entire top 10 closing red as Brent crude extended its rally to a seventh straight day. Ethereum and Solana also slid, with XRP dropping 3% under $1.40 on strong selling. The Bitcoin price was pressured by Fed uncertainty, oil, and AI slowdown. According to CoinDesk, the uncertainty of the Fed, oil, and a possible AI slowdown are all weighing heavy on BTC.
Regulation
The crypto lobby backed the formal removal of ‘reputation risk’ from bank examinations, as reported by CoinTelegraph. The Acting AG confirmed ‘code is not a crime’ in a DOJ pivot, signaling a shift in the department’s approach to crypto regulation. A senator also expressed concerns over a Senate crypto bill, stating that they won’t support it without an ethics provision. CoinTelegraph reported on the senator’s stance.
DeFi and Security
Ondo Finance added proxy voting for holders of its $700 million tokenized equities, aiming to bring tokenized stocks and ETFs closer to traditional ones, as reported by CoinDesk. Jack Dorsey’s Block unveiled Bitcoin proof-of-reserves in a transparency move, and MARA formed a foundation to support Bitcoin network health and adoption. However, scammers were also active, using a Gmail dot alias trick to spoof Robinhood in a phishing scam, as reported by CoinTelegraph.
Sources: CoinDesk, CoinTelegraph
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