Daily Summary — April 14

Lead stories

Hyperliquid generated over $900 million in profit with a team of just 11 employees, becoming one of the most efficient companies in the world in terms of profit per employee.

Nikita Bier, Head of Product at X (Twitter), hinted that the platform may be preparing its own crypto product or crypto integration.

Tether is launching the Tether Wallet crypto wallet.

A fake Ledger app was discovered on the App Store, through which scammers have already stolen about $9.5 million in crypto across Bitcoin, Tron, and Solana.

Law enforcement reported uncovering the largest “paper” VAT fraud scheme in Russia, worth 1.2 trillion rubles, involving nearly 40,000 companies and 4,800 shell firms.

The U.S. Securities and Exchange Commission partially exempted DeFi services from registering as brokers. Interfaces like Uniswap UI and MetaMask Swap can operate without a license if they do not hold user funds, provide advice, or profit from order routing.

German giant Deutsche Börse invested $200 million in the crypto exchange Kraken.

NVIDIA has opened free access to 95 AI APIs without restrictions, including models like DeepSeek and Mistral, as well as its own tools such as microphone noise suppression.

The CEO of Circle confirmed that the company plans to launch its own coin for the Arc blockchain, which is currently in the testnet stage.

Errol Musk stated that Elon Musk and his brother Kimbal Musk jointly own 23,400 Bitcoin — about $1.7 billion, nearly twice as much as Tesla holds.

The United States Department of Justice has begun compensating victims of OneCoin, one of the largest crypto pyramid schemes in history, which caused investors to lose over $4 billion.

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