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According to Jinshi reports, U.S. President Trump stated, "Give us a little more time, and we will easily open the Strait of Hormuz, obtain oil, and earn huge wealth."

Lighter founder and CEO Vladimir Novakovski stated during the Q1 investor conference call that Lighter has initiated the application process for on-chain derivatives trading licenses, as it is not feasible to attract large traditional financial institutions like Citadel without a license.

According to Jinshi Data reports, QQ announced today that it has officially natively integrated with the OpenClaw official platform. This means QQ has become the first social platform in the country to be natively integrated by the OpenClaw official platform.

Tom Lee stated in an interview with CNBC: "I believe the market has absorbed 90% to 95% of the selling pressure, and the selling process may have ended. We can now start to rebuild the bottom. We must recognize that in a war environment, the stock market often hits bottom early. We have studied every war since 1900, and the stock market tends to bottom out within the first 10% of the war process. So, if this follows the same pattern, we are currently in the early stages of that process.At this stage, any bad news can trigger people to de-risk. But you also know that this is why positions are worth paying attention to, because at some point, when people become overly neutral, even if the situation is not that bad, the market could see a V-shaped rebound."Tom Lee also added on social media that even if the "bottom" has not yet been reached, he believes the U.S. economy can withstand $100, or even $120, oil.

The first batch of issuer licenses in Hong Kong was originally scheduled to be issued in March 2026, but it has not materialized as planned. A spokesperson for the Hong Kong Monetary Authority (HKMA) responded that the HKMA is fully committed to advancing the licensing process and will make announcements to the public at the appropriate time.Regarding who will obtain the first batch of stablecoin licenses in Hong Kong, the market has previously focused on two major Hong Kong dollar issuing banks, HSBC and Standard Chartered. HSBC has not publicly disclosed whether it has submitted an application for a stablecoin license. However, as early as mid-January this year, there were rumors in the market that HSBC had a good chance of obtaining the first batch of licenses. Currently, there is no clear official disclosure on why the issuance of stablecoin licenses has been delayed beyond the anticipated timeline.Individuals close to the stablecoin license applications revealed that the HKMA has been in close contact with the first batch of potential compliant licensees, and there are still proposed amendments regarding the issuance matters. In addition, the second batch of compliant stablecoin licenses in Hong Kong is also in the application process. Reliable sources indicate that Futu Securities and OSL Group are strong contenders for the second batch of licenses.

According to Forbes, Plume's legal advisor B. Salman Banaei testified before Congress, strongly urging the U.S. Securities and Exchange Commission (SEC) to expedite the development of tokenization rules while advancing the full ATS (Alternative Trading System) registration for DeFi protocols, rather than relying solely on "innovation exemptions."Banaei criticized the SEC for "putting all its eggs in one basket with innovation exemptions," calling this approach "foolish," and warned that setting volume and product limitations would fail to attract large institutions, "because they will not invest resources in an infrastructure that may not exist in two or three years." He also suggested that the SEC seek feedback on the current incompatibilities in the rules and develop permanent solutions.Plume was approved by the SEC in October 2025 to become a registered transfer agent, capable of handling shareholder records, transfers, and dividends for on-chain tokenized securities, and is currently awaiting a FINRA broker-dealer license. Banaei pointed out that there are only 10 months left in the current SEC leadership window, and action must be taken quickly to promote the development of real-world asset (RWA) tokenization.

The Federal Court of Australia ordered Binance's Australian derivatives division (i.e., Oztures Trading Pty Ltd) to pay a fine of AUD 10 million (approximately USD 6.9 million).During the period from 2022 to 2023, the entity incorrectly classified over 85% of local customers as wholesale investors, resulting in 524 retail customers being exposed to high-risk crypto derivatives without statutory consumer protections, leading to trading losses of approximately AUD 8,660,000 (about USD 5.9 million) and fee losses of AUD 3,900,000 (about USD 2.7 million). Joe Longo, Chairman of the Australian Securities and Investments Commission (ASIC), stated that Binance failed to establish basic compliance review mechanisms and incorrectly approved hundreds of wholesale investor applications. According to the fact statement submitted to the court, Binance acknowledged flaws in its customer onboarding process, allowing applicants to repeatedly take the eligibility test until they passed, and that senior compliance personnel inadequately reviewed application materials. Binance admitted to six violations, including failing to provide product disclosure statements to retail customers, not conducting target market assessments, and not maintaining a compliant internal dispute resolution system. This fine is in addition to approximately AUD 13.1 million (about USD 9 million) in customer compensation previously supervised by ASIC. The entity's Australian financial services license was revoked in April 2023.

Polygon officially announced that Revolut's trading volume on its chain has surpassed $1.2 billion, further deepening this European fintech company's investment in blockchain.Revolut has previously submitted applications to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, seeking to obtain a national bank charter to operate under the name Revolut Bank US, NA. If granted the charter, Revolut would be able to directly access the Fedwire and ACH systems, provide FDIC-insured deposit services, and operate across all 50 states under a unified federal framework.

According to Forbes, although the UK's Financial Conduct Authority (FCA) lifted the retail ban on cryptocurrency exchange-traded notes in October 2025, actual access remains subject to multiple restrictions.Bitcoin ETNs are classified as "restricted retail market investments," requiring investors to go through processes such as risk warnings, suitability tests, and cooling-off periods, and they do not benefit from the Financial Services Compensation Scheme protection. In addition, major banks like HSBC and Barclays have imposed limits on transfers to cryptocurrency exchanges, with some banks even directly blocking related transactions.The head of European financial institutions at Bitwise Asset Management stated that the FCA's "same risk, same regulation" principle is too vague, conflating Bitcoin with speculative tokens, which forces investors to turn to offshore platforms with weaker regulations.Starting from April 2026, cryptocurrency ETNs cannot be included in mainstream ISA tax-free accounts and can only be held in innovative finance ISAs, further restricting tax-advantaged holding channels. Critics point out that regulatory measures intended to reduce risk are instead pushing investors into higher-risk environments, contrary to the original intent of consumer protection.

According to a report by Coinshares, Bitcoin mining profit margins are at a historical low. In the first quarter of 2026, the hash price fell to about $28-30 per PH/s/day, reaching a new low after the halving. The weighted average cash cost in the fourth quarter of 2025 reached about $80,000 per coin, with approximately 15-20% of mining machines globally operating at a loss.The transition of mining companies to AI is no longer an option. Publicly listed mining companies have cumulatively announced over $70 billion in AI/HPC contracts, and by the end of 2026, up to 70% of the revenue for listed mining companies may come from AI. Some mining companies are taking on huge debts for AI construction, fundamentally changing the risk landscape of the industry. There is a significant divergence in the valuation of mining companies; those obtaining HPC contracts have an EV/NTM revenue multiple of 12.3 times, while pure mining companies have a multiple of 5.9 times. The industry has differentiated into infrastructure companies and mining companies, with vastly different prospects for both.

According to CoinDesk, Vibhu Norby, Chief Product Officer of the Solana Foundation, stated at the New York Digital Assets Summit (DAS) that the Solana network has processed 15,000,000 on-chain payments from AI agents, primarily for machine-to-machine commercial interactions, with stablecoins becoming the default settlement tool for AI agents' payment computing power and services.Norby pointed out that the programmable nature of AI agent payments gives it a unique advantage in the crypto payment landscape and believes this trend will fundamentally change the monetization model of the internet, supporting micropayments billed by usage down to fractions of a cent, which traditional payment rails cannot achieve. Norby stated that when AI agents choose a crypto payment method, Solana typically ranks highly.He anticipates that in the future, 95% to 99% of crypto transactions will be initiated by large language models (LLM), and the primary way users will interact with crypto networks will shift to being completed through AI agents.

According to Cointelegraph, the Criminal Assets Bureau of the Irish National Police has announced that it has successfully cracked one of the 12 Bitcoin wallets associated with a convicted drug dealer, retrieving 500 Bitcoins worth over 35 million dollars.The wallet owner is Clifton Collins, who was sentenced to five years in prison in 2017 for cultivating and selling cannabis. Collins purchased 6,000 Bitcoins with drug trade proceeds between 2011 and 2012, storing them across 12 wallets, with the keys printed on an A4 sheet of paper and hidden in a fishing rod case, which were later lost when his landlord cleared the house.Earlier today, it was reported that the Irish drug dealer deposited 500 BTC into Coinbase after nearly 10 years, worth 35.44 million dollars.

According to BBX data, yesterday global listed companies continued to strengthen their treasury sovereignty through asset swaps and targeted purchases, with the core data as follows:212 BTC purchased: Semler Scientific (NASDAQ: $SMLR) disclosed yesterday that it has increased its holdings by 212 BTC, with an average cost of approximately $75,100. Its total holdings have now reached 2,032 BTC.$2 million phase two increase: Acurx Pharmaceuticals (NASDAQ: $ACXP) confirmed yesterday that it has completed the second batch of its $2 million Bitcoin purchase plan. The company stated that the execution speed of its treasury anti-inflation strategy has been adjusted from quarterly to monthly.1.2% monthly yield: DeFi Technologies (CBOE: $DEFTF) disclosed yesterday that its BTC treasury achieved a net yield of 1.2% in March. The company announced it will introduce staked SOL for treasury diversification for the first time.$5 million "gold for coins": Metals One PLC (LSE: $MET1) announced yesterday that its first batch of $5 million in gold reserves has been successfully swapped for an equivalent amount of Bitcoin, marking the practical phase of its treasury "hard asset transformation."3,000 BTC reserve milestone: TeraWulf (NASDAQ: $WULF) announced yesterday that its "zero carbon" BTC reserves have officially surpassed 3,000 BTC, and reiterated its commitment to maintain a retention rate of over 90% of its output.

According to CoinDesk analysis, as the pressures from scalability challenges, quantum technology, and artificial intelligence continue to grow, Ethereum is at a critical juncture in high-risk balancing strategies. In the first three months of 2026, the Ethereum ecosystem faces multiple structural pressures. Vitalik Buterin sharply criticized the Layer2 scaling path at the beginning of the year, pointing out that many Rollup designs rely on centralized components and isolated environments, failing to truly inherit the security guarantees of the mainnet, leading to ecosystem fragmentation and inconsistent security assumptions.Meanwhile, the Ethereum Foundation has incorporated the threat of quantum computing into its recent planning, advancing research on LeanVM and post-quantum signature schemes. Internally, Tomasz Stańczak, the co-executive director of the Ethereum Foundation, has left after about a year in office, a change seen as a signal of the foundation's internal realignment of priorities. Additionally, the foundation is accelerating its layout for decentralized AI research, attempting to position Ethereum as the "trust layer" for AI systems, used for verifying outputs, coordinating agents, and supporting machine-to-machine economic activities.Overall, Ethereum can no longer handle these issues in isolation; they are interwoven. The network is being pulled in multiple directions simultaneously, making it increasingly difficult to maintain balance. Unlike previous cycles, the current predicament is more about structure than short-term momentum. The short-term focus remains on mainnet scaling, with the planned Glamsterdam upgrade set to be a litmus test to determine whether the Ethereum network can successfully transform into a robust, quantum-resistant "trust layer" supporting the global AI economy.

Gala Games officially announced that the GalaChain ecosystem expansion plan has officially launched. Its decentralized exchange (DEX) GalaSwap now supports the seamless integration of tokens from the Solana, TON, and Ethereum ecosystems into the GalaChain network.The official statement indicated that this move aims to achieve cross-ecosystem asset access and interoperability, further activating the community and enhancing the visibility of various project tokens.

According to The Defiant, Electric Capital released a research report on Monday, reviewing 501 real-world yield assets and cross-referencing them with tokenized assets that currently have significant on-chain activity. The report shows that only 34 yield assets have an on-chain scale exceeding $50 million, primarily concentrated in U.S. Treasuries, private credit, corporate bonds, and non-U.S. sovereign bonds; the remaining 93% of yield sources are still blocked by seven categories of obstacles, covering legal structures, asset-backed security challenges, and the real integration challenges of commodities and computing infrastructure.The report points out that distribution channels are the main bottleneck: among 35 non-stablecoin on-chain yield RWAs, only 2 have more than 2,000 holders. Part of the reason is design limitations, such as BlackRock's BUIDL requiring a minimum investment of $5 million, but data shows that most tokenized assets still rely on a few large deployers and treasury managers. The top ten holders of BUIDL control 98% of its supply, with holders mainly being protocols like Ethena, Ondo, and Sky.Electric Capital believes that five factors will drive more assets on-chain: the growth of stablecoin scale and diversification of yield preferences, differentiated competition among protocols, treasury infrastructure absorbing duration risk, layered mechanisms expanding the buyer base, and leveraged cycles amplifying demand for collateral assets. The report also notes that Goldman Sachs expects AI infrastructure spending to exceed $50 billion by 2026, with GPU leasing, data center construction, and energy contracts expected to become emerging catalytic scenarios for on-chain financing.

JPMorgan has lowered its year-end target for the S&P 500 index from 7500 points to 7200 points, citing that the conflict in Iran has caused a surge in oil prices, which has intensified the risk of economic recession. The bank warned that the market may be underestimating the impact of rising energy costs on the economy.While investors are focused on inflation, JPMorgan believes that the greater threat is to consumer demand, which could weaken economic growth. Historically, oil prices rising by more than 30% often lead to a contraction in demand and are frequently a precursor to economic recessions. In the short term, the S&P 500 index may decline further, especially after breaking below the 200-day moving average—this is a bearish signal. If the sell-off continues, the index may find support around 6000-6200 points.Although JPMorgan still expects an economic recovery later this year supported by investments and stimulus measures, the extent of the recovery may be more limited due to ongoing geopolitical risks.

The European Central Bank has announced that it is recruiting experts to assist in the development of a rulebook for the digital euro in everyday payment scenarios, focusing on ATM and merchant card payment terminals. One working group will define how ATMs and point-of-sale terminals will process digital euro payments, including device connectivity, offline transaction support, and compatibility with existing payment standards; another working group will design the certification process for payment tools and infrastructure.European Central Bank President Christine Lagarde stated last December that the bank has completed the technical and preparatory work for digital currency and is currently awaiting approval from political institutions. The project is under review by the European Council and the European Parliament, and if approved, it is expected to launch as early as 2029. Meanwhile, 12 European banks, including BBVA, ING, and BNP Paribas, have formed the Qivalis project, planning to launch a euro-pegged stablecoin in the second half of 2026, aimed at providing a blockchain payment solution that does not rely on dollar-backed tokens.

According to a post by Binance Research, the escalation of geopolitical conflicts combined with a hawkish Federal Reserve has led to a global market experiencing oil-driven stagflation shocks, including: oil prices soaring: Brent crude up 7%, WTI crude up 4.2%; stock markets broadly declining: S&P 500 down 1.45%, Nasdaq down 1.25%, Russell 2000 down 1.64%; metals under pressure: gold down 3.6%, silver down 4.9%; dollar and U.S. Treasuries: the dollar index up 0.76%, the 10-year U.S. Treasury yield rising by 6.5 basis points, VIX fear index soaring 17% to 25; cryptocurrency market: Bitcoin down 4.6%, Ethereum down 5.2%.In terms of macro and Middle East dynamics, Iran has threatened to strike Gulf energy facilities following an Israeli attack on its largest gas field; Qatar's Ras Laffan Industrial City confirmed missile damage. Oil transportation through the Strait of Hormuz remains 98% lower than pre-conflict levels. The Pentagon has requested the White House to approve over $200 billion in special funding for the war against Iran; the Federal Reserve has kept interest rates unchanged, still expecting one rate cut within the year, but PPI data exceeded expectations (month-on-month 0.7%, expected 0.3%).France has expressed willingness to assist in ensuring the safety of the Strait of Hormuz after the intense phase of the conflict, while most European countries have refused to join U.S.-led actions. The market is experiencing a classic oil-driven stagflation shock, with the U.S. and Israel's first direct strike on Iranian upstream energy assets, combined with attacks on Qatari facilities and disruptions in Hormuz shipping, creating positive feedback between energy shocks, unexpected PPI, and a hawkish Federal Reserve, driving the dollar higher and yields up, with risk aversion spreading to all assets. About 45% of S&P 500 constituents have entered a buyback blackout period, further weakening technical support. Gold and Bitcoin have fallen in sync, confirming a broad risk-off process.The market is concerned that a continued blockade of Hormuz (over 1 month) could push Brent crude to $150, exacerbating recession or stagflation risks. Recent attention should focus on the final date of Trump's visit to China, progress on market structure legislation, the IEA releasing 400 million barrels of oil reserves (prioritizing Asia and Oceania), and daily tracking of shipping data through the Strait of Hormuz (still at single-digit levels).