News linked to both this project and an event.
Alex Thorn (@intangiblecoins), Head of Research at Galaxy Research, published a post revealing that Galaxy Research has released a new report refuting banking industry claims that the GENIUS Act would erode U.S. bank deposits—and providing quantitative estimates. Key findings from the report include: - Under the GENIUS Act framework, 60%–70% of new stablecoin issuance would originate overseas; inflows of foreign deposits would be approximately twice the volume of domestic deposit migration—indicating a net increase in total deposits rather than a zero-sum reallocation. - Each newly minted GENIUS stablecoin would generate approximately $0.32 in net credit for the U.S. economy. - In the base-case scenario, total credit expansion by 2030 would reach roughly $400 billion; under the optimistic scenario, it could reach $1.2 trillion. - Short-term U.S. Treasury yields (T-bills) would compress by 3–5 basis points, potentially saving taxpayers up to $3 billion annually in borrowing costs. - The report also notes that the interest pass-through mechanism does not pose an existential threat to U.S. banks—it merely represents a reallocation of profit margins and will not reduce overall credit capacity.
Nasdaq-listed company Treasure Global announced plans to gradually deploy $100 million in capital to establish a digital asset treasury reserve with ETH at its core, with plans to expand the treasury to include additional digital assets in the future. The company stated that its digital asset treasury framework will serve as a long-term capital allocation tool, providing strategic exposure to the development of digital financial infrastructure without altering its core business operations. (Globenewswire)
Bitcoin briefly approached the key 200-day simple moving average (SMA) around $83,300 on Wednesday but failed to achieve a decisive breakout, subsequently falling back below $81,000. Meanwhile, the broader crypto market weakened, with the CoinDesk Smart Contract Platform Index falling over 2% in the past 24 hours, making it the worst-performing major sector. The 200-day moving average is widely regarded by the market as a key indicator for measuring long-term trends. If BTC can hold above this level, it would further reinforce the market narrative that the bear market, which saw prices fall below $63,000 in February, has ended and a new bull market has begun.However, a similar situation occurred historically in March 2022, when Bitcoin briefly broke above and tested the 200-day moving average before ultimately falling to around $20,000 by June of that year. As a result, some analysts are warning of the risk of a "fakeout."Analytics firm Marex stated that Bitcoin's ability to continue its upward trajectory depends on three factors: sustained spot buying pressure, a continued tightening of exchange supply, and a derivatives market that remains healthy without overheating. If all three factors align positively, Bitcoin could quickly open up the path towards the $85,000 range. Alex Kuptsikevich, Chief Market Analyst at FxPro, noted that this pullback appears more like a brief consolidation within an uptrend rather than an end to the trend. However, he also cautioned that the daily RSI had previously entered overbought territory, and similar instances in the past were accompanied by significant corrections.Additionally, the 10-year US Treasury yield has fallen to 4.32% from its early-month high of 4.46%, which is viewed as a potential positive factor for risk assets. (CoinDesk)
According to PRNewswire, crypto-friendly investment app Public has announced the acquisition of AI-powered investment services platform Treasury App. The acquisition amount has not been disclosed. This transaction aims to strengthen Public’s AI-driven brokerage business strategy, with a focus on upgrading its investment experience centered around AI. Public currently supports trading in stocks, bonds, and cryptocurrencies including BTC, ETH, and SOL.
Odaily reports, State Street, in partnership with Galaxy, has launched the on-chain liquidity fund SWEEP, allowing investors to "one-click transfer" stablecoins into yield-generating tokenized assets for 24/7 on-chain cash management.The fund will initially be deployed on Solana, with future plans to expand to Stellar and Ethereum, and integrate infrastructure such as Chainlink.Targeting qualified investors, SWEEP is positioned similarly to products like BlackRock's BUIDL, offering U.S. Treasury-like yields through an on-chain structure. It represents the latest exploration in the convergence of traditional asset management and blockchain technology.
Somnia, an L1 blockchain, has announced the launch of its ecosystem stablecoin USDso, issued and operated by the decentralized stablecoin protocol Frax Finance based on the frxUSD architecture. USDso employs an over-collateralized model and is backed by reserves including U.S. Treasury securities, enabling minting at a 1:1 ratio against assets such as USDC. Its yield distribution mechanism channels reserve yields back into the ecosystem—90% allocated to DeFi protocols and 10% reserved for an insurance fund. This stablecoin is designed to serve high-frequency trading, DeFi, and on-chain protocol use cases.
Alex Thorn, Head of Research at Galaxy, posted on X stating that the CLARITY Act has taken on heightened urgency, partly due to the exceptionally tight race for control of the U.S. Senate. If Democrats regain control of the Senate, former Senator Sherrod Brown could resume his role as Chair of the Senate Banking Committee; alternatively, if Brown fails to win re-election to the Senate from Ohio but Democrats still secure Senate control, the committee may instead be led by Elizabeth Warren. Such potential leadership changes could significantly influence the regulatory direction for the crypto industry, thereby increasing the practical urgency of advancing the CLARITY Act. Note: Elizabeth Warren is not friendly toward the crypto industry. She has urged the U.S. Department of the Treasury to issue stringent implementing rules for the GENIUS Act and explicitly issued guidance prohibiting the use of federal resources—including the Exchange Stabilization Fund or Federal Reserve emergency lending facilities—to backstop stablecoins or the broader crypto industry.
North Korea has denied allegations of its involvement in cryptocurrency theft, calling the claims "absurd slander" and a "political tool." The statement, issued by state-run media, emphasized that necessary measures will be taken to safeguard national interests. However, data from blockchain analytics firm TRM Labs shows that in the first four months of 2026, hacker groups linked to North Korea have stolen approximately $577 million, accounting for about 76% of global crypto theft losses during the same period. This includes two major attacks on KelpDAO (approximately $292 million) and Drift Protocol (approximately $285 million).TRM pointed out that the attacks are primarily associated with the Lazarus Group and its sub-organizations. Since 2017, the cumulative scale of crypto theft linked to North Korea has exceeded $6 billion.U.S. and international agencies widely believe that such funds are used to support military and missile programs. Meanwhile, the U.S. Treasury Department has recently imposed sanctions on relevant individuals and entities, targeting approximately $800 million in illicit fund flows in 2024. (The Block)
Mike Cagney, founder of Figure Technology Solutions (FIGR), stated that the company is pushing to rebuild the underlying infrastructure of traditional credit markets through blockchain, bringing loans, real-world assets (RWA), and even stocks onto the chain. The goal is to enable credit flows to move away from traditional intermediary systems and become "the new infrastructure of Wall Street." According to data, Figure's monthly loan origination volume exceeded $1 billion for the first time in March this year, with total origination reaching $2.9 billion in the first quarter of 2026, an annualized scale of approximately $12 billion.Mike Cagney pointed out that loan tokenization can significantly reduce securitization costs and lower traditional intermediary fees, while enhancing liquidity through continuously updated credit markets, and enabling on-chain credit assets to directly integrate with the DeFi ecosystem, expanding the scope of investor participation. Its Forge platform can bundle loans into standardized asset pools and convert them into tokens usable as collateral within DeFi protocols.Currently, Figure is advancing related business within the Solana ecosystem and plans to expand to Ethereum. Additionally, the company has launched YLDS, a yield-bearing stablecoin with a scale of approximately $600 million, backed by traditional assets such as U.S. Treasury bonds, and is exploring stock tokenization as well as on-chain staking and lending. Mike Cagney stated that blockchain will become one of the most transformative technologies and will redefine the structure of future financial markets. (CoinDesk)
Odaily Planet Daily reported that Tether has released its assurance report for the first quarter of 2026, with a net profit of approximately $1.04 billion for the quarter.As of March 31, 2026, Tether's excess reserves reached an all-time high of $8.23 billion. The company's total assets currently stand at approximately $191.8 billion, with total liabilities of around $183.5 billion, resulting in assets exceeding liabilities by $8.23 billion. In terms of reserve allocation, Tether directly and indirectly holds approximately $141 billion in U.S. Treasury bonds, in addition to about $20 billion in physical gold and $7 billion in Bitcoin.Tether CEO Paolo Ardoino stated that the company's goal is to ensure the stable operation of USD₮ under all market conditions by maintaining a simple structure and extremely high liquidity to navigate macroeconomic fluctuations.
According to Cointelegraph, Stable Sea, an enterprise treasury management platform, has integrated WisdomTree’s tokenized U.S. Treasury money market fund WTGXX onto its platform, enabling corporate clients to allocate idle funds into the fund to generate returns. As of April 28, WTGXX’s total assets under management stood at $857.6 million, with a daily yield of 3.43%. WTGXX primarily invests in short-term U.S. Treasury securities; its shares are recorded on-chain, supporting faster settlement and automated trading. Stable Sea’s core functionality automatically sweeps corporate cash balances into yield-bearing instruments—and this integration extends that capability to tokenized funds. Clients remain subject to standard compliance review processes. Tokenized money market funds are now accelerating institutional adoption. WisdomTree has received SEC approval for 24/7 trading of WTGXX; Franklin Templeton is collaborating with Binance to promote tokenized fund shares as over-the-counter (OTC) collateral; and Standard Chartered has launched a framework enabling BlackRock’s tokenized Treasury fund to serve as collateral for trading on OKX.
Odaily Seer Channel monitoring shows that the Polymarket probability of "Powell leaving the Fed Board of Governors before May 30" has plummeted, now at 9%, down 25% in 24 hours; the probability of "Powell leaving the Fed Board of Governors before December 31" has dropped to 66%, down 11% in 24 hours.The rules for this event contract are: If Federal Reserve Chair Powell is no longer a member of the Board of Governors at any point during the target date (by 11:59 PM Eastern Time), it will be judged as "Yes"; otherwise, it will be judged as "No." If Powell steps down as Fed Chair but remains a member of the Board of Governors, this does not meet the "Yes" condition. The judgment is based on information released by the U.S. government, but a consensus of credible reports may also serve as the basis.At this morning's press conference, Powell stated that after stepping down as Chair, he would remain on the Fed Board of Governors for "some time" and pledged to "keep a low profile." U.S. Treasury Secretary Bessent responded, saying, "If Powell remains on the Board of Governors as a Fed Governor, that would be extraordinary. For someone who has always emphasized norms, his unilateral decision goes against tradition."The Odaily Seer Channel continues to monitor prediction markets, seeing the changes before they are priced in.
According to an official announcement by Puffer Finance, the liquid staking protocol Puffer Finance has allocated treasury funds to Aave’s DeFi United program to demonstrate its support for infrastructure development. Puffer Finance stated that, as a liquid staking protocol centered on security, it believes robust infrastructure and consistent incentive mechanisms are fundamental to ensuring DeFi’s resilience during critical moments. The protocol also emphasized that DeFi is a vital component of the modern financial system, and industry participants should compete constructively, continuously build infrastructure, and maintain coordination during critical times.
US Treasury Secretary Scott Bessent posted on X platform, stating that through economic sanctions, the Treasury has taken action against Iran's international shadow banking infrastructure, cryptocurrency access channels, shadow fleet, weapons procurement network, regional terrorist proxies' funding, and Chinese independent refineries supporting Iran's oil trade. These actions have disrupted hundreds of billions of dollars in revenues that could have been used to finance terrorism. Under the US President's maximum pressure campaign, Tehran's inflation rate has doubled, and its currency has depreciated rapidly. Iran's main oil export terminal, Kharg Island, is nearing its storage capacity limits, which will force the regime to cut oil production, resulting in an additional daily loss of approximately $170 million in revenue and causing permanent damage to Iran's oil infrastructure. The Treasury will continue to apply maximum pressure, and any individuals, vessels, or entities assisting Tehran's illicit flows face the risk of US sanctions.
According to The Block, Bernstein analysts stated in their latest report that the fundamentals of the crypto market are continuously improving. Bitcoin’s recent low of $60,000 has formed a clear bottom, and with the current price approaching $80,000, a longer-term structural bull market is likely, driven by institutional demand. Bernstein analyst Gautam Chhugani highlighted the following key drivers: • Ongoing expansion of institutional channels: Morgan Stanley’s Bitcoin ETF and Charles Schwab’s spot Bitcoin/Ethereum trading platform have both recently launched; approximately 60% of Bitcoin supply has remained unmoved for over one year, indicating a stabilizing holder structure; • Persistent accumulation by Strategy: Its STRC perpetual preferred stock product has attracted yield-oriented investors, and its current holdings stand at 818,334 BTC; • Stablecoin demand hits an all-time high: Stablecoin supply has surpassed $30 billion, decoupling from the crypto market’s price cycle and reflecting sustained real-world payment and settlement demand; • Tokenized real-world assets accelerating growth: Tokenized private credit and Treasury assets now total $34.5 billion, representing a 110% year-on-year increase. Bernstein also cautioned that quantum computing poses a long-term potential risk, though it expects the blockchain ecosystem to have ample time to complete the transition to post-quantum security.
On April 17, South Africa’s National Treasury released the Draft Capital Flow Management Regulations (2026) for public consultation. The draft proposes incorporating crypto assets into the foreign exchange control framework to address associated risks and strengthen oversight of emerging financial instruments. It also aims to align the foreign exchange control framework with recommendations from the OECD and the FATF on combating money laundering, terrorist financing, and illicit financial flows, further clarifying exemptions, licensing requirements, and conditions of application, while imposing administrative penalties for violations.
the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has announced sanctions against Cambodian Senator Kok An, accusing him of controlling "fraud compounds" across the country that defrauded U.S. victims through crypto investment scams.According to an OFAC statement released on Thursday, in addition to Kok An, 28 other individuals and entities have been added to the sanctions list, all believed to be linked to his fraud network. The network allegedly lured victims into sending crypto assets by promising "high-return investments."This action follows a raid by Cambodian police on two fraud centers in the border town of Poipet. Kok An had previously been accused of operating fraud hubs in that area.OFAC stated that fraudsters typically gain victims' trust by establishing "friendships" or "romantic relationships," then guide them to participate in so-called crypto investment platforms to defraud funds, with total losses reaching millions of dollars.Notably, some individuals involved in the fraudulent activities are themselves victims of human trafficking, forced to engage in illegal acts under threats of violence. OFAC pointed out that these fraud centers are often located in casinos or repurposed office parks, serving not only as hubs for money laundering but also as bases for committing fraud and human rights abuses against U.S. citizens.Additionally, regulators have simultaneously seized over 500 domain names of fake websites used for crypto investment scams, indicating that the U.S. is further intensifying its crackdown on related criminal activities.
Odaily News Aurise Foundation announced the launch of the yield-bearing gold token XAUE on Ethereum, designed to serve as a yield-bearing treasury for Tether Gold (XAU₮). XAUE targets compliant institutional participants, introducing crypto-native yield to traditional non-yielding gold through quantitative strategies and institutional lending, transforming it into a programmable and capital-efficient on-chain asset.Current ecosystem partners Aurelion and Antalpha have jointly contributed 16,052 XAU₮ (approximately $76 million) to XAUE. The protocol employs an exchange rate growth model, where the gold value pegged to each XAUE increases as yields accumulate, and it will integrate with more decentralized finance protocols such as DEXs in the future.
Odaily News Listed US company DDC Enterprise has released its fiscal year 2025 performance report. Full-year revenue reached $39.2 million, a year-on-year increase of 4.6%, setting a new historical high. As of April 21, 2026, the company holds approximately 2,383 Bitcoins, valued at around $182 million, placing it among the top 30 publicly listed companies globally in terms of Bitcoin holdings. DDC also announced the launch of an AI-driven treasury intelligence platform, the "DDC Treasury Intelligence Platform," designed to optimize Bitcoin fund management and capital allocation. (Businesswire)
According to The Block, the UK Treasury has unveiled a payment regulatory reform proposal that aims to bring traditional payment services, stablecoins, and tokenized deposits under a unified regulatory framework. The proposal also plans to regulate stablecoins used for payments through subsequent issuance rules. Additionally, it seeks to expand the Financial Conduct Authority’s (FCA) supervisory authority over open banking and explore regulatory adjustments for payment activities conducted by AI agents. Meanwhile, the UK Treasury will provide £1 million in funding to the Centre for Finance, Innovation and Technology starting in April and has appointed Chris Woolard CBE to lead the development of a tokenized financial system for wholesale digital markets.