News linked to both this project and an event.
at today's 2026 Lujiazui Forum, Ding Xiangqun, Director of the National Financial Regulatory Administration, stated that efforts must be made to strengthen supervision, eliminate regulatory gaps and blind spots, and ensure full coverage with no exceptions. Ding Xiangqun said that efforts should be concentrated on preventing and resolving risks to firmly uphold the bottom line of preventing systemic financial risks. Focus should be placed on "reducing existing risks and controlling new risks." Risks in small and medium-sized financial institutions should be addressed in a forceful and orderly manner, with support and coordination to resolve risks related to real estate and local government debt. Adhere to the principles of treating diseases before they occur and addressing problems at the source, improve early correction mechanisms for financial risks with hard constraints, and achieve early identification, early warning, early exposure, and early disposal.Focus on "managing legal activities while also managing illegal ones." Strengthen central-local coordination and departmental collaboration, and make every effort to eliminate regulatory gaps and blind spots to ensure full coverage with no exceptions. Take the overall battle of preventing and combating illegal financial activities as a starting point, maintain a high-pressure crackdown stance, strengthen whole-chain systemic governance, and strive to protect the people's "money bags." (CCTV News)
Aleksey Korolenko, Executive Director of Cifra Markets, said in an interview on the eve of the St. Petersburg International Economic Forum that after the relevant bill is passed and takes effect, the number of crypto accounts opened by investors is expected to grow significantly. If large financial institutions launch convenient customer solutions, Russia could open up to 1 million crypto accounts within the first year under the compliance framework. (tass)
U.S. SEC Chairman Paul S. Atkins stated at the 2026 Reagan National Economic Forum that the U.S. Securities and Exchange Commission is advancing a "New Era SEC" regulatory reform, focusing on modernizing digital asset regulation, promoting on-chain capital market development, and supporting the U.S. in becoming a "global crypto hub."Paul Atkins criticized the SEC's previous "regulatory hostility" towards the digital asset industry, alleging that much crypto innovation was forced to relocate overseas. He stated that with the support of the Trump administration, the SEC has launched "Project Crypto" and is collaborating with the Commodity Futures Trading Commission to promote on-chain market infrastructure and harmonize crypto regulation. The SEC has recently clarified which digital assets are securities and which are not, and is advancing an innovative exemption mechanism for "tokenized listed securities," while studying how on-chain trading systems can fit within existing regulatory frameworks.Additionally, Paul Atkins emphasized that the SEC will reduce "over-disclosure" and regulatory burdens, promote "Make IPOs Great Again" reforms, including lowering compliance costs for listed companies, increasing IPO flexibility, and formally proposing to repeal the climate disclosure rules introduced under the previous administration. The future of U.S. capital markets should be built on a "free market and innovation-driven" foundation, where the regulator's role is to provide clear rules and legal certainty, not to suppress technological development.
Stani, founder of Aave, announced on X that Babylon has published a proposal on the Aave Governance Forum to integrate the Trustless BTC Vault into Aave v4. The proposal introduces two new Aave v4 Spokes to enable native Bitcoin as collateral within the protocol and invites community feedback—aiming to achieve a trustless Bitcoin collateralization model where users can participate in the Aave v4 lending ecosystem without leaving the Bitcoin network. Previously, the Aave DAO also launched a governance proposal to integrate the Babylon protocol into Aave v4, enabling users to borrow and lend using native Bitcoin as collateral—eliminating reliance on wrapped BTC or centralized custodial solutions.
According to the Lido Governance Forum, Lido Earn contributors have submitted a proposal to the DAO requesting authorization to deploy the existing First Loss Reserve to cover losses arising from the Kelp incident, waiving the original 1% threshold requirement. It is estimated that, assuming the DeFi United rescue plan succeeds, the remaining borrowing-rate losses for Lido Earn’s leveraged staking/re-staking positions will amount to approximately 400–600 ETH. Contributors stated they will collaborate with curators to jointly absorb these losses; however, full coverage by curators alone is currently deemed unrealistic. The proposal stresses that this authorization constitutes a one-time exception specific to the Kelp incident and does not alter the standard 1% threshold rule, does not involve additional treasury allocations, and is not intended to subsidize APY or support post-recovery yields. It further notes that if litigation arises from these losses, associated legal costs alone could reach several hundred thousand dollars. Given that the rsETH situation is expected to be resolved within 5–10 days—and considering the standard snapshot voting window is 7 days—the proposers emphasize the time-sensitive nature of this vote. After resolution, the team plans to publish a comprehensive post-mortem report and advance improvements to risk frameworks and operational mechanisms.
According to the Aave Governance Forum, Gordon Liao, a Circle team member, has submitted an ARFC proposal recommending a two-step adjustment to the USDC interest rate model parameters on Aave v3 Ethereum Core to address the current liquidity shortage in the USDC pool. Current context: Following the rsETH incident on April 18, the USDC pool utilization has remained persistently near 100%, with available liquidity falling below $3 million. The borrowing rate has been stuck at the 14% cap for an extended period, and the pool’s total supply has contracted by approximately $60 million over the past 24 hours. As a result, the market is unable to clear via price mechanisms. The proposal’s core measures are as follows: Step 1 (to be executed immediately by Risk Administrators): Increase Slope 2 from 10% to 40%, decrease the optimal utilization rate from 92% to 87%, and temporarily suspend the Slope 2 risk oracle for USDC. Step 2 (to be completed within 5–7 days via governance vote): Further increase Slope 2 to 50% and reduce the optimal utilization rate to 85%. The proposal argues that many current borrowers are insensitive to interest rates and primarily borrow to bypass withdrawal queues and exit positions. Active leverage, meanwhile, is key to attracting new suppliers. Raising the maximum supply rate to the 40%–50% range is expected to draw in USDC liquidity within hours, driving utilization below the kink point and restoring the market’s normal clearing functionality.