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Crypto Fear & Greed Index rises one point to 30, remaining in ‘Fear’ zone The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 30 as of April 17, up one point from the previous day. Despite improved sentiment, the index stayed in the "Fear" zone. The index ranges from 0 to 100 where 0 signifies extreme fear and 100 indicates extreme greed in the crypto market. The fear and greed index takes into account six different factors: volatility (25%), market momentum/volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%) and Google Trends (10%).

JPMorgan Chase, the largest bank in the U.S, has begun suing more customers it has accused of stealing funds in last year’s so-called “infinite money glitch” scheme. The bank also revealed it’s going after customers who allegedly stole amounts below $75,000. A person familiar with the matter highlighted that the bank had sent letters to 1,000 customers demanding they repay funds since October. The individual also maintained that some people returned money on their own after reports were made the same month that the bank was going after potential fraudsters who had withdrawn the largest amounts. The largest bank in the U.S., JPMorgan Chase, has begun suing customers this week who were accused of stealing funds in last year’s so-called “infinite money glitch.” The financial institution revealed it’s now targeting customers who allegedly stole below $75,000. A person familiar with the matter argued that the bank will now have to file complaints in state courts instead of the federal courts it chose last year. The incident happened in late August last year and went viral in videos posted to social media, where customers withdrew the entire value of a fraudulent check before it bounced. The bank said in a suit filed Tuesday afternoon in Gwinnett County, Georgia, that “on August 29, 2024, a masked man deposited a check in Defendant’s Chase bank account in the amount of $73,000.00.” According to the financial institution, a series of cash withdrawals at two Chase branches in the state totaling $82,599 had been made by the time the check bounced six days later. The lawsuit indicated that the accused owes the bank $57,847.69 but hasn’t complied with requests to return the funds. According to a person with knowledge of the company’s deliberations, the bank is also filing lawsuits in state venues in Miami, Florida; the Bronx, New York; and Texas counties. The individual also mentioned that the bank looked at thousands of potential cases and chose to litigate the largest amounts with the clearest pattern of theft. “We’re still investigating cases of fraud and cooperating with law enforcement – and we’ll do that for as long as it takes to hold fraudsters accountable.” ~ Drew Pusateri, a spokesman for JPMorgan Chase. The New York-based bank is also considering pushing back against the bankruptcy filing of alleged “infinite money” fraudsters. The bank noted in one of its motions made this week in bankruptcy court in Grand Rapids, Michigan, it asked a judge for more time to object to the customer’s attempt to discharge his or her debts. JPMorgan alleged that it’s the “holder of an unsecured claim” that resulted from “actions taken by the Debtor to deposit a fraudulent check in the amount of $44,779.46.” The bank also added that the Debtors immediately made numerous cash withdrawals on August 30, 2024, as well as various Cash App transactions to himself. Pusateri argued that there are genuine and important reasons people use bankruptcy protections, but “getting rid of debts you accumulated through fraud isn’t one of them.” The bank had urged its customers not to commit check fraud after a viral trend took over TikTok and X in late August last year. Users were being told that there was a systemwide glitch and that if they deposited false checks in an ATM and withdrew that money soon afterward, they would be able to cheat the system and withdraw a large sum of cash before the check bounced. Chase reminded its customers that the supposed “glitch” was actually an invitation to commit fraud. The financial firm also added that “regardless of what you see online, depositing a fraudulent check and withdrawing the funds from your account is fraud, plain and simple.” According to the meme database Know Your Meme, a conversation about the “glitch” was first mentioned on X, where a user shared an excessive balance of more than $80,000 in his account. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

#OpenAI might launch a social network leveraging its #AI tech. Imagine a feed filled with AI-generated images! 🌟 Could this be the future of social media? 📸 🧐

Bitget, a global crypto exchange and Web3 company, has launched the crypto industry’s first on-chain affiliate program. The initiative expands the scope of traditional exchange referral models by offering rewards for user activity within decentralized finance (DeFi) environments. Historically, affiliate programs in the crypto sector have focused on rewarding referrals for spot and futures trading. Bitget’s latest program adds a new dimension by enabling partners to earn rebates from user activity on Bitget Onchain, the platform’s on-chain trading interface. Affiliates can now earn up to 40 percent in rebates from these on-chain transactions, in addition to up to 50% commissions on conventional trading fees. The reward structure is tiered, offering higher percentages based on affiliate performance. A core feature powering this is Bitget Onchain’s design for simplifying DeFi access. Users are able to execute on-chain trades directly from their main Bitget spot accounts, removing the need for third-party wallets or complex key management. The company says this design aims to make decentralized trading more accessible to centralized exchange (CEX) users who may be unfamiliar with DeFi interfaces or concerned about security risks. All transactions are backed by Bitget’s $600 million Protection Fund. The platform also incorporates AI-based asset discovery tools to help users identify and evaluate projects in real time. Related: Bitget Simplifies DEX Access with New ‘Onchain’ In-App Trading Tool The affiliate program is open to creators and community leaders with 100 or more followers across social platforms. Qualified partners receive unique referral links to promote both Bitget’s centralized exchange services and its on-chain DeFi features. Bitget’s move reflects a broader trend of exchanges integrating DeFi elements into their platforms to tap into decentralized markets while preserving user familiarity with centralized interfaces. Founded in 2018, Bitget has grown to serve over 100 million users across more than 150 countries. The exchange has increasingly positioned itself at the intersection of traditional trading tools and emerging Web3 infrastructure. Related: Bitget Launches New Campaign Featuring FC Barcelona’s Raphinha, Tapping into Football’s Global Reach This affiliate program launch follows closely behind Bitget’s other major marketing efforts. Just yesterday, Bitget debuted an advertising campaign featuring FC Barcelona winger Raphinha, highlighting the parallels between football and crypto trading. The campaign runs through April and includes short films that use Raphinha’s on-pitch performance to illustrate Bitget’s trading tools like Copy Trading, Launchpool, and Pre-market services. The move aligns with Bitget’s ongoing partnership with La Liga and features user engagement initiatives such as trading challenges and La Liga-themed rewards. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

SEC filings, Easter egg, funding TX hash, social proofs all in the quoted post.