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Today's Top Crypto Headlines:
Crypto Group Defends Devs | Mastercard Embraces Stablecoins | Loopscale Hacker Negotiates and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Group Defends Crypto Developers: The DeFi Education Fund urged Trump to drop charges against Tornado Cash co-founder Roman Storm, calling it an attack on open-source developers.
📈Technical Analysis Masterclass - Fetch.ai (FET) has caught traders' attention with a technical breakout. Watch UseTheBitcoin’s latest Youtube video “FET Overbought... But It Could Still Pump HARD?!” to see if this rally is just getting started or join our Official Telegram Channel for more alpha!
Mastercard Expands Stablecoin Use: Mastercard now allows 150M merchants to accept stablecoins via partnerships with Circle, Paxos, and Nuvei.
💡Feature of the Day - Loopscale Hacker Seeks Bounty: A hacker who stole $5.8M from Loopscale is negotiating fund return in exchange for a white-hat bounty.
All this and more in today’s headlines!
📰 News Highlights:
The DeFi Education Fund has called on Donald Trump’s administration to drop charges against Tornado Cash co-founder Roman Storm, arguing that prosecuting open-source developers for how their code is used is “lawless” and damaging to innovation.
1/ Today, DEF is pleased to launch a petition calling on the Trump administration to END the lawless prosecution of software developers in the U.S. 🧵
— DeFi Education Fund (@fund_defi)
11:17 AM • Apr 28, 2025
In a letter to crypto czar David Sacks, they criticized the Biden-era Department of Justice for criminalizing software development and urged Trump to protect developers and make the U.S. a crypto innovation leader.
The DOJ's case against Roman Storm is an outdated remnant of the Biden administration's war on crypto.
There is no justification in law or policy for prosecuting software developers for launching non-custodial smart contract protocols.
Sign @fund_defi's petition and help today:
— Jake Chervinsky (@jchervinsky)
5:08 PM • Apr 28, 2025
Storm is facing charges for allegedly helping launder over $1 billion through Tornado Cash, but advocates say this sets a dangerous precedent for all open-source crypto devs.
They argue the prosecution contradicts FinCEN guidance and risks freezing the entire U.S. crypto development ecosystem.
📈Technical Analysis Masterclass:
🔍 FET Technical Analysis:
✅ Breakout Confirmed: FET just broke above the 100-day Moving Average (100MA) — a bullish signal. It’s now consolidating above the 100MA, suggesting strong buyer support.
💪 Bullish Structure: Holding above the 100MA = strong foundation for a new uptrend. As long as this level holds, minor pullbacks are healthy, not alarming.
⚠️ Overbought… But Not Done?
📈 RSI Alert: FET’s RSI is over 70, meaning it’s overbought. This doesn’t always mean a dump is coming — but a cooldown or sideways move is likely.
📊 MACD Momentum: MACD is trending above the zero line, confirming positive momentum. Bullish trend still looks intact.
🎯 Strategy Tips
🛡️ Risk Management: Set your stop-loss just below the latest support. If FET drops below the 100MA, the bullish narrative weakens.
💰 Take-Profit Target: Look near the 200MA — a likely resistance zone where sellers may step in. Lock in profits before the hype cools.
🎁Freebie:
Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!
Mastercard is expanding its crypto strategy by allowing merchants to accept stablecoins via partnerships with Circle, Paxos, and payment processor Nuvei.
Today, we announced our end-to-end capabilities to support stablecoins, ensuring payments can be made or received using them - anytime, anywhere. Alongside proven leaders across Web3, finance and fintech, we’re empowering consumers and businesses to use stablecoins as easily as
— Mastercard News (@MastercardNews)
4:44 PM • Apr 28, 2025
With this move, 150 million merchants in Mastercard’s network can now receive payments in stablecoins, regardless of how customers pay.
The firm also teamed up with OKX to issue a crypto-enabled bank card and with MetaMask for a crypto payments card.
💡 Feature of the Day:
The hacker who exploited Solana-based DeFi protocol Loopscale for $5.8 million is negotiating with the team to return the funds in exchange for a bounty.
At 3:52PM ET today, we received a response from the exploiter. They have indicated a willingness to return the exploited funds in exchange for a bounty.
We appreciate their engagement so far and we are actively working to reach an amicable resolution.
As such, we will be
— Loopscale (@LoopscaleLabs)
12:24 AM • Apr 28, 2025
The attacker, who took millions in USDC and SOL on April 26, signaled via Etherscan a willingness to cooperate under a white-hat agreement, initially offering to return 5,000 wrapped SOL.

Loopscale confirmed that only two yield vaults were affected, representing around 12% of total value locked.
Update: Loopscale has re-enabled loan repayments, top-ups, and loop closing. All other app functions (including Vault withdrawals) are still temporarily restricted while we investigate and ensure mitigation of this exploit.
The root cause of the exploit has been identified as an
— Loopscale (@LoopscaleLabs)
8:38 PM • Apr 26, 2025
😂 Crypto Meme of the Day:

Meme of the day provided by @Silver-Maximum9190
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com