News linked to both this project and an event.
According to the official announcement, Layer 1 public blockchain Pharos has unveiled the tokenomics for its native token PROS, with a total supply of 1 billion tokens. The initial supply allocation is as follows: Foundation Treasury (16%), Lab Co. Treasury (9%), Team (20%), Investors (20%), Ecosystem & Community (21%—including 6% for community airdrops: 1% unlocked at TGE and 5% reserved for future community growth and airdrop incentives), and Node & Liquidity Incentives (14%). Core team members and private-sale investors are subject to a 12-month lock-up period followed by a 36-month linear vesting schedule. Certain treasury and incentive allocations extend vesting periods to 48–60 months. PROS serves multiple functions: transaction fees, PoS staking, validator participation, governance, ecosystem incentives, and potential RWA-specific use cases. The staking issuance policy adopts a phased approach: zero inflation during the first six months following mainnet launch; starting in Month 7, annual inflation is set at 5%, subject to dynamic adjustment by the Foundation based on network operational conditions.
According to CoinDesk, Liz Truss—former UK Prime Minister and the shortest-serving in British history—said in an interview that the UK economy is on a “very negative trajectory,” with high taxation, excessive regulation, and energy costs making entrepreneurship “a risk rarely worth the reward.” She attributed inflation and wealth inequality to “currency devaluation” and noted that discussions about monetary policy within government have become “taboo”—a phenomenon she described as “quite alarming.” Truss said she is “very interested” in Bitcoin, viewing it as a vital tool for countering currency devaluation and resisting centralized financial control. She revealed she first encountered Bitcoin during her tenure as Chief Secretary to the Treasury. She is now actively building CPAC UK and plans to host a three-day conference bringing together entrepreneurs and activists to advance a movement for “sovereignty and freedom,” declaring outright: “There are only two options—either sink or radically transform.”
Odaily News On April 16 local time, U.S. Secretary of Defense Hagerthes said at a press conference that the U.S. Treasury Department is launching an operation codenamed "Economic Fury" to "impose maximum economic pressure on Iran." (CCTV)
Odaily News As the U.S. midterm elections approach, the White House is accelerating efforts to promote a crypto market structure bill to ease the long-standing disputes between the banking industry and the crypto sector.Reports indicate that multiple parties, including Treasury Secretary Scott Bessent, White House crypto advisor Patrick Witt, and related policy figures, have recently publicly called for advancing this bill. The U.S. Council of Economic Advisers has also released a report addressing the banking industry's concerns about the crypto sector.Analysts suggest that, based on the timing, the current period may be a critical window for promoting relevant legislation, but uncertainty remains regarding whether the bill can be smoothly passed. (The Hill)
According to CryptoSlate, the White House Council of Economic Advisers recently released a research report stating that banning stablecoin yields offers only minimal protection for bank lending, yet would significantly reduce consumers’ ability to earn returns through digital cash. This conclusion directly undermines the banking industry’s core argument in favor of yield restrictions and provides new policy support for the CLARITY Act. Currently, Treasury Secretary Bessent and SEC Chair Atkins have both publicly endorsed the bill, indicating growing alignment between the executive branch and regulatory agencies. However, the Senate Banking Committee has yet to announce a timeline for reviewing the legislation, and political maneuvering remains the largest uncertainty. Analysts note that if the committee completes its review before the summer recess, the bill’s chances of passage will rise substantially; otherwise, it faces the dual risks of electoral pressures and legislative delays.
Coinbase CEO Brian Armstrong responded to U.S. Treasury Secretary Scott Bessent’s call for the passage of the “Clarity for Digital Assets Markets Act” (CLARITY Act), expressing agreement and gratitude for his advocacy. Armstrong emphasized that bipartisan collaboration between senators and staff over the past several months has significantly strengthened the bill. Earlier, the U.S. Treasury Secretary urged Congress to swiftly pass the CLARITY Act.
According to CoinDesk, the U.S. Department of the Treasury announced it will extend its cybersecurity threat information-sharing service—which was previously available only to traditional financial institutions—to cryptocurrency firms. Eligible crypto companies may apply to join the program through the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection and receive timely, actionable cybersecurity threat intelligence at no cost. Luke Pettit, Assistant Secretary for Financial Institutions at the Treasury Department, stated that this move aims to foster a safer and more responsible digital asset ecosystem. The policy responds to related recommendations outlined in a prior report issued by the President’s Working Group on Digital Asset Markets.
According to GlobeNewswire, Greenlane Holdings, a Nasdaq-listed BERA treasury company, announced that its Board of Directors has approved a $2 million share repurchase program. The company also released its full-year financial report, which disclosed that, following the acquisition of 7.5 million BERA tokens, its holdings had increased to 77.9 million BERA tokens as of April 7, 2026—approximately 32% of the current BERA circulating supply.