CoinNetwork

CoinWorld reports that Musk has completed the jury selection for the OpenAI case: 40 candidates were questioned for 5 hours, and 9 jurors were selected; the jury is advisory, and the final ruling will be decided by presiding judge Gonzalez Rogers. Altman and Brockman appeared in court, and most candidates gave negative or neutral assessments of the two. Only one person was excluded for being unable to remain impartial; all other requests were denied. The judge said that the reality is that people don’t like him, but the candidates still respect the judicial process. Outside the courthouse, about 25 protesters gathered, and the organizers described the event as “everyone sucks here.”

According to AAVE disclosures, DEFI United announced a technical plan to restore KelpDAO's support for RSETH in response to the cross-chain bridge incident on April 18, which caused an abnormal release of 116,500 RSETH tokens. The plan consists of two steps: first, using ETH funds to gradually exchange for RSETH and transfer to the affected staking contracts to restore collateralization; second, a governance proposal to temporarily adjust the RSETH oracle price, clear the attacker-related positions, and recover RSETH for ETH to cover the shortfall. During execution, the WETH/RSETH multi-chain market will be frozen until the risk is resolved.

Bitcoin price tests above $78,000, currently around $76,863, with less than 1% daily increase.
The past two months have formed an upward channel, approaching the upper boundary at $77,500.
The 4-hour MACD histogram turns negative, indicating weakening upward momentum.
The FOMC meeting on April 28–29 could serve as a catalyst.
Spot Bitcoin ETFs saw a total inflow of $2.43 billion in the eight days before April 23, showing strong institutional demand; but Glassnode indicates that short-term holders in the $78,000–$80,100 range are exiting liquidity to take advantage of ETF demand.

CryptoWorld News reports that OpenAI has recently failed to meet several internal growth targets. CFO Sarah Friar warned that if revenue growth does not keep pace, the company may be unable to pay for future computing power contracts. The board has begun reviewing data center investments and questioning the CEO.

The SEC is soliciting public comments on proposed amendments to the general listing standards for commodity trust types submitted by NYSE Arca, proposing that trusts have at least 85% of their net assets from qualifying assets, with a maximum of 15% potentially consisting of non-qualifying commodities or securities. If a trust holds qualified assets such as BTC, ETH, SOL, XRP, and the proportion is ≥85%, it can meet the listing requirements. This move could impact the future structure of cryptocurrency and commodity trust listings and is still in the public comment phase, not yet approved.

HyperInsight reports that a whale long 4,500 ETH was liquidated in six transactions, totaling approximately $4.91 million, making it the largest liquidation address of the day. The address opened a long ETH position with 25x leverage last week and added another 500 ETH yesterday. After two rounds of decline, three long positions incurred losses of about $610k. Liquidation details: 1,620 ETH liquidated, remaining $6.62 million; 10.8 BTC liquidated, remaining $1.48 million; 99k HYPE liquidated, remaining $1.46 million; liquidation prices were ETH 2,250, BTC 70,020, HYPE 37.45.

According to The Wall Street Journal, OpenAI has not met internal user growth and sales targets, which may make it difficult to sustain large-scale computing expenses. The goal of 1 billion active users per week for ChatGPT by the end of 2025 has not been achieved, and subscription churn remains high. CFO Sarah Friar warned that if sales growth is insufficient, it will be difficult to cover computing costs, and she expressed reservations about the IPO plan at the end of the year, emphasizing the need to strengthen internal controls and prepare for disclosure requirements.