omb

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that BlackRock's spot Bitcoin exchange-traded fund IBIT has been rising almost daily for the past three weeks, increasing by about 3.5% again, and has accumulated a rise of about 19% since the market sell-off triggered by the conflict between the U.S. and Iran. As concerns about geopolitical impacts have eased, fund sentiment has clearly recovered, driving Bitcoin-related ETFs to continue strengthening.

One of the Bitcoin contributors, Jameson Loop, along with other cryptographers, has proposed an initiative that may force Bitcoin holders to migrate their tokens to new quantum-resistant addresses, or else their tokens will be permanently frozen by the network itself. In this scenario, holders technically still own these coins but will lose the ability to transfer them. This is known as Bitcoin Improvement Proposal BIP-361, which was updated on Tuesday in Bitcoin's official proposal repository, titled "Post-Quantum Migration and Old Signature Retirement."BIP-361 builds on the BIP-360 proposal introduced in February. BIP-360 introduced a soft fork (a type of network upgrade) aimed at enabling a new transaction type called "Pay to Merkle Root" (P2MR). This approach draws on Bitcoin's Taproot (P2TR) framework but removes key-based spending paths, thereby eliminating an element widely considered to pose risks in the quantum era.The BIP-361 proposal divides the migration into three phases. Phase A starts three years after activation and prohibits anyone from sending new bitcoins to old, quantum-vulnerable addresses. You can still spend from these addresses, but you cannot receive any coins. Phase B starts five years after activation and will render old signatures (ECDSA and Schnorr) completely ineffective, with the network rejecting any attempts to spend coins from quantum-vulnerable wallets.Essentially, your coins will be frozen. Finally, there is Phase C, which is a rescue plan still under research: holders of frozen wallets may potentially prove ownership through zero-knowledge proofs (a method of proving knowledge of a secret without revealing the secret itself). If successful, the coins frozen in Phase B can be recovered.

According to a report by Bloomberg, a recent study shows that many cryptocurrency investors in the United States may not have reported their digital asset holdings to the Internal Revenue Service (IRS). Tyler Menzer, an assistant professor at Texas Christian University, and his co-authors found that between 2013 and 2021, only 6.5% of taxpayers reported cryptocurrency sales, while surveys during the same period indicated that 12% to 21% of American adults had held cryptocurrency. The analysis suggests that some investors failed to accurately report income and transactions related to cryptocurrency, potentially leading to tax revenue loss.The study found that cryptocurrency holders are more likely to hold meme tokens, are younger, and have lower incomes, with trading behaviors significantly differing from traditional stock investors. CoinTracker data shows that for the 2025 tax year, cryptocurrency investors are required to report an average of 836 transactions, with average short-term losses of $636 and average long-term gains of $2,692.

Y Combinator has completed its first investment entirely in stablecoins, paying $500,000 USDC to the prediction market startup Totalis, completed through three transactions on the Solana blockchain: a $1 test payment, $124,999, and $375,000. The funds are held by the financial operations platform Ramp.Y Combinator President Garry Tan stated on X that YC will offer stablecoin payment options for any startup it invests in, not limited to crypto-related companies, and noted that the new track of financial revolution will not be built on ACH or wire transfers. YC crypto sector access partner Nemil Dalal had previously stated that stablecoin transfer costs are typically less than 1 cent, settling in less than 1 second, far superior to traditional cross-border wire transfers.

Totalis announced the completion of a $500,000 seed round financing on platform X, with participation from Y Combinator.Totalis is the first company to receive investment from Y Combinator entirely in the form of USDC, with the funds settled through the Solana network and hosted by Ramp. Totalis positions itself as the core derivatives layer of the prediction market, allowing users to build multi-colored combinations across categories, markets, and venues, covering geopolitical, cryptocurrency, and sports assets, aimed at enhancing capital efficiency in trading and market-making.According to Y Combinator CEO Garry Tan, YC will make investment payments in stablecoins in the future, and this new financial track of revolution will not be conducted through ACH or wire transfers.

Bloomberg's senior ETF analyst Eric Balchunas stated on the X platform that Bitcoin ETFs have once again recorded a solid week of inflows, and overall funds have officially turned positive. Although the previous outflows were not significant, against the backdrop of limited price increase momentum, funds have still successfully "filled the gap," demonstrating strong resilience.

X product head and Solana advisor Nikita Bier stated that during this round of creator revenue sharing, the revenue share for all aggregated accounts has been reduced to 60%. In the next cycle, it will be further reduced by 20%. Nikita Bier pointed out that the large amount of plagiarized reposts and clickbait content published daily on the timeline not only squeezes the living space of real creators but also hinders the growth of new authors. The next step will be to permanently deduct earnings from users who habitually post clickbait content and use the "BREAKING" label in every post. X will not restrict speech or the scope of dissemination but will not provide revenue compensation for manipulating distribution mechanisms or misleading user behavior.

Bloomberg senior ETF analyst Eric Balchunas stated on the X platform that as the market focuses on the launch of the Morgan Stanley Bitcoin ETF MSBT, the Bitcoin After Dark ETF (NGHT) was also launched this Wednesday. The product had a mediocre performance on its first day of trading, but trading volume significantly increased on the second day, and its future performance remains to be seen.Historical research shows that "night returns" often outperform daytime returns, but for long-term ETF investors, holding products like MSBT can cover both day and night returns, so the impact of the difference is limited. However, if NGHT sees strong inflows in the future, it may gain market recognition; conversely, it could quickly become marginalized. The Morgan Stanley Bitcoin ETF, with its channel distribution advantage, is expected to achieve great success.

Binance announced its participation in the international law enforcement operation "Operation Atlantic," led by the UK's National Crime Agency (NCA), in collaboration with multiple countries' law enforcement agencies to combat cryptocurrency and investment fraud, focusing on "approval phishing" scams.The operation was jointly initiated by the NCA, the U.S. Secret Service, and relevant law enforcement and regulatory agencies in Ontario, Canada, aiming to identify victims who have been compromised or are at risk. Approval phishing typically disguises itself as an investment opportunity, luring users into granting wallet access permissions, thereby transferring assets. During the operation, Binance's special investigation team provided on-site support in London, including fraud identification processes, risk screening, and intelligence analysis, and assisted in identifying potential victims and related malicious websites.At the same time, Binance also provided law enforcement agencies with addresses and suspect intelligence related to the case, supporting asset tracking and enforcement actions. The NCA stated that this operation has successfully protected thousands of potential victims in the UK and overseas. Binance emphasized that it will continue to cooperate with global law enforcement agencies to strengthen the fight against cryptocurrency fraud.

According to Bloomberg, Standard Chartered Bank plans to bring the client custody business of its Zodia Custody back under its Corporate and Investment Banking (CIB) digital assets division, with an announcement expected as early as this month. After the restructuring, Zodia will operate solely as an independent custody technology software as a service (SaaS) platform.Standard Chartered Bank established Zodia Custody in late 2020 in partnership with Northern Trust through its innovation division SC Ventures, subsequently attracting a few equity investors such as SBI Holdings, National Australia Bank, and Emirates NBD. It currently has about 150 employees across seven offices worldwide.

According to CoinDesk, the Financial Services Commission of South Korea and the Financial Supervisory Service jointly issued new regulations requiring all domestic cryptocurrency exchanges to adopt a unified withdrawal delay review standard to curb voice phishing scams.The new regulations eliminate the authority of each exchange to set its own withdrawal exemption conditions, and reviews will be conducted uniformly based on standards such as account history, trading patterns, and behavioral anomalies. It is expected that less than 1% of users will qualify for instant withdrawals. Platforms must also enhance identity verification and fund flow monitoring.Previously, scam groups exploited the exemption rules of various platforms to guide victims to convert cash into cryptocurrency and complete withdrawals within minutes. This new regulation marks a shift in South Korea's cryptocurrency risk control system from industry self-regulation to a national unified standard.

Bloomberg senior ETF analyst Eric Balchunas stated that Musk is likely to use SPCX as the stock code for the SpaceX IPO, which was previously held by Matt Tuttle, but the related ETF has undergone a code change.Eric Balchunas pointed out that the Bloomberg ETF team had predicted this situation as early as a report last December, and the discovery of the stock code "SPCX" for the SpaceX IPO was proposed by Roundhill Investments co-founder Will Hershey, who had previously "given" the META code to Mark Zuckerberg, referring to it as a "mutual understanding among peers."

The U.S. Securities and Exchange Commission (SEC) is making significant adjustments to its enforcement strategy in the cryptocurrency sector for the fiscal year 2025. The SEC has successively withdrawn seven cryptocurrency-related enforcement actions initiated by the previous commission, involving institutions such as Coinbase, Binance, Kraken, Cumberland DRW, Consensys, Dragonchain, and Balina, on the grounds that these cases lack sufficient federal securities law basis.At the same time, the SEC has established a Cyber and Emerging Technologies Division, focusing on combating violations of securities trading related to blockchain technology, artificial intelligence, and cybersecurity. In terms of specific enforcement actions, the SEC has filed lawsuits against the following cases: New York cryptocurrency company Unicoin and its four executives for allegedly making false statements to mislead investors; PGI Global founder Ramil Palafox for allegedly orchestrating a cryptocurrency and forex fraud scheme amounting to $198 million and misappropriating over $57 million; and the founder of AI company Nate, Inc. for allegedly raising over $42 million illegally through false advertising of artificial intelligence capabilities.

Bloomberg senior ETF analyst Eric Balchunas posted on the X platform that, according to the New York Stock Exchange (NYSE) listing announcement, the Morgan Stanley Bitcoin exchange-traded fund will trade under the ticker "MBST".

Bloomberg ETF senior analyst Eric Balchunas posted on the X platform that American "Baby Boomer" investors have quietly invested about $500 million into Bitcoin spot ETFs amid a challenging market environment and frequent macroeconomic headwinds, which has somewhat filled the funding gap since the beginning of the year.However, data shows that the overall net inflow into Bitcoin ETFs is still slightly negative year-to-date, indicating that the market as a whole remains in a wait-and-see stance. The recent round of capital inflow demonstrates some traditional capital's long-term allocation interest in Bitcoin ETFs.

According to Bloomberg, there have been personnel changes in Binance's compliance team, involving key positions related to financial crime monitoring and sanctions compliance. Its Chief Compliance Officer Noah Perlman is currently discussing future departure matters with management and may leave this year or next year.Noah Perlman joined Binance in 2023, responsible for rebuilding the sanctions enforcement and anti-money laundering system, which is one of the key rectification measures following the company's guilty plea for regulatory violations in the U.S. In response, Binance stated that it "currently has no departure timeline and has not determined a successor," and emphasized that he remains focused on his current work.

The first prediction market liquidity infrastructure on the BSC chain that combines elements of fortune cookies has officially launched on the Fortune website. As a new generation Web3 financial protocol, Fortune is committed to solving the long-standing issues of liquidity fragmentation, low pricing efficiency, and high participation thresholds in prediction markets through an AI-driven liquidity engine.The core features launched alongside the website include:Voting Council: A community-driven event listing mechanism that ensures market diversity and fairnessDaily Check-in: Low-threshold participation to continuously accumulate F points and secure early ecosystem incentivesFortune Node NFT: A core equity asset that allows holders to enjoy point bonuses and protocol dividendsFortune also revealed that its core prediction market trading function will officially launch on April 20, bringing users a brand new prediction and trading experience.

According to Arkham data, at 02:26, 163.93 BTC (worth approximately 10.93 million USD) was transferred from Lombard Finance to multiple anonymous addresses.

According to Bloomberg, informed sources revealed that Usman Ahmad, the CEO of Zodia Markets, a cryptocurrency trading company under Standard Chartered Bank, has resigned.The Zodia Markets official website shows that Nick Philpott, who previously served as the head of partnerships at the company, has been appointed as the interim CEO. So far, both Zodia Markets and Standard Chartered Bank spokespeople have declined to comment on the matter.

According to official social media news, Huobi HTX will hold a live broadcast today at 20:00 (UTC+8) on the theme "U.S. Stocks Enter Technical Correction: Can the Crypto Market Strengthen Independently?" At that time, crypto KOLs such as Sasaki Hoshino, Mister, Bull Demon King, and Meta will attend to discuss the phased performance of the crypto market against the backdrop of multiple macro disturbances such as the correction in U.S. stocks and rising oil prices, as well as whether mainstream assets like BTC and ETH can achieve a relatively independent trend amid changes in liquidity and risk appetite.