Here is a look at the latest developments across the cryptocurrency space, covering Bitcoin price action, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today's highlights include the TRUMP memecoin falling nearly 10% in 24 hours despite a Mar-a-Lago investor gala, a California man sentenced to 70 months in prison for his role in a $263 million crypto scam, and US spot Bitcoin ETFs recording $2.12 billion in inflows over nine consecutive days.
Trump's Official Memecoin Extends Slide as He Hosts Exclusive Investor Gala
Donald Trump's official TRUMP memecoin continued its decline on Saturday, even as he hosted a closed-door gathering for top holders of the cryptocurrency at Mar-a-Lago.
The token was trading at around $2.67, down by nearly 10% over the prior 24 hours, according to data from CoinMarketCap. It is also down more than 96% from its all-time high of $75.35 reached in early 2025.
The downturn came despite efforts to maintain visibility through high-profile events. The Saturday gathering brought together 297 of the largest TRUMP investors for what was billed as the "most exclusive" crypto and business conference, with a smaller group of 29 attending a VIP reception and champagne toast, according to The Independent.
A previous event tied to TRUMP holders took place in May last year, when Donald Trump organized an earlier contest-style gathering at the Trump National Golf Club in Potomac Falls, Virginia, for the top 220 holders of his memecoin.
DOJ Sentences Individual to 70 Months in Jail for Role in Crypto Scam Organization
The United States Department of Justice (DOJ) announced on Friday that Evan Tangeman, a 22-year-old resident of California, was sentenced to 70 months in prison for his role in a criminal organization that stole approximately $263 million in cryptocurrencies from victims.
Tangeman pleaded guilty in December 2025, admitting to laundering at least $3.5 million in stolen funds on behalf of the criminal organization, which funneled the money into luxury items, exotic cars and real estate, according to the DOJ's announcement.
"This criminal enterprise was built on greed so brazen it borders on the cartoonish," said Jeanine Pirro, the US attorney for the District of Columbia (DC).
She added: "Evan Tangeman didn't just launder the money that fueled that lifestyle. When his co-conspirators were arrested, he moved to destroy the evidence. That is consciousness of guilt, and this office and the court have treated that accordingly."
The sentence came amid an uptick in violent physical attacks and social engineering scams targeting cryptocurrency users worldwide.
Spot Bitcoin ETFs See 9-Day Inflow Streak as Investors Show Resilience
US spot Bitcoin exchange-traded funds (ETFs) extended their inflow momentum through late April, notching a nine-day streak amid growing investor conviction.
During the period spanning April 14 to April 24, total net inflows reached roughly $2.12 billion, with the strongest single-day performance on April 17, when funds attracted $663.91 million. April 14 and April 22 also posted robust gains of $411.50 million and $335.82 million, respectively.
The weakest day came on Friday, with a more modest $14.45 million in net inflows. BlackRock's IBIT led that day with $22.88 million in inflows. In contrast, Fidelity's FBTC recorded outflows of $1.69 million, while Bitwise's BITB and ARK 21Shares' ARKB saw withdrawals of $8.85 million and $9.02 million, respectively. Other funds, including Grayscale's GBTC and smaller products, reported largely flat flows.
The April streak marks the first nine-day inflow run for spot Bitcoin ETFs since a similar stretch in October, when inflows surged — including $1.21 billion on October 6 and $875.6 million on October 7.
Why it matters
The TRUMP memecoin's decline during a high-profile holder event illustrates that exclusive real-world gatherings do not necessarily translate into token price support, a dynamic relevant to investors evaluating event-driven crypto marketing strategies.
The DOJ's sentencing of Tangeman specifically highlights money laundering as a prosecutable offense distinct from the underlying theft, signaling that participants further down a criminal crypto supply chain — not just primary perpetrators — face significant federal exposure.
The nine-day Bitcoin ETF inflow streak is notable because it matches a structural milestone last seen in October, suggesting sustained institutional demand rather than a single-day spike, which is a different signal than short-term trading activity.
