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According to CoinDesk, cryptocurrency industry practitioners saw the latest provisions regarding stablecoin yields in the revised version of the Senate's "Digital Asset Market Clarity Act" during a closed-door review meeting on Capitol Hill on Monday. The initial impression is that the relevant language is too narrow and not clear enough.The new provisions were announced last Friday by Senators Angela Alsobrooks and Thom Tillis. According to a person familiar with the current draft, the new provisions will prohibit earning yields solely from holding stablecoins, while restricting any practices that equate the program with bank deposits, and setting further limitations on other potentially allowed activities, with the specific identification mechanism for activity-based stablecoin rewards still unclear.This compromise stems from the lobbying struggle between the cryptocurrency industry and the banking sector: the banking industry insists that stablecoin rewards should not be similar to interest-bearing bank deposits, arguing that such competing products could harm the banking sector and suppress lending. The final compromise allows for reward programs based on user stablecoin activities but prohibits rewards based on balances.The closed-door review aims to push the Senate Banking Committee to schedule a hearing, which is an important step for the bill toward a full Senate vote. A similar version of the "Clarity Act" was passed in the House of Representatives last year, and another version has also passed the Senate Agriculture Committee's markup process. The advancement of the bill still faces other obstacles: all parties need to reach an agreement on the DeFi regulatory framework, and Democrats insist on including provisions that prohibit senior government officials from profiting personally from the cryptocurrency industry, a provision clearly targeting President Trump.

According to the official announcement, Gate has released a new reserve report. The data shows that Gate's total reserve ratio has reached 122%, covering nearly 500 types of user assets. Gate continuously ensures the safety of user assets through a verifiable mechanism.It is worth noting that the BTC user asset scale is 17,216 coins, corresponding to a platform reserve of 25,404 coins, with a BTC reserve ratio as high as 147%. The excess reserve ratio has further increased from 40.69% to 47.56%. For other core assets, Gate also maintains sufficient reserves. The ETH user assets have increased from 337,565 coins to 358,121 coins, with the platform reserves rising from 419,320 to 439,611 coins, resulting in an excess reserve ratio of 22.75%. In terms of stablecoins, the USDT user asset scale has grown from 1.385 billion coins to 1.451 billion coins, with platform reserves at 1.477 billion coins, achieving an excess reserve ratio of 1.79%. The USDC user asset scale is 122 million coins, with platform reserves at 134 million coins, resulting in an excess ratio of 10.18%; the GUSD user asset scale is 108 million coins, with platform reserves at 320 million coins, resulting in an excess ratio of 196.5%. Additionally, the reserve ratios for major assets like GT and XRP are also significantly above the 100% reserve standard, reaching 136.84% and 116.54%, respectively. The latest reserve report released by Gate indicates that its core asset reserves are robust, providing solid support for the safety and stability of user funds.

According to official news, at the latest TRON developer meeting (#57), the community focused on disclosing several core technology updates, including the progress of the v4.8.1 upgrade, the advancement plan for TIP-6780, updates to TronWeb, and subsequent version planning.According to the meeting content, the v4.8.1 network upgrade has completed its final preparations, and the conditions for proposal initiation are in place. Nodes that have not yet upgraded need to complete the update as soon as possible to avoid affecting block synchronization. Meanwhile, the community expects to initiate voting on TIP-6780 on April 7, to adjust the SELFDESTRUCT instruction, and relevant DApp developers need to prepare for compatibility in advance.On the tools front, TronWeb v6.2.2 has been officially released, and version v5 will no longer be maintained. Developers need to migrate to v6 as soon as possible to receive ongoing support and an optimized experience. Additionally, the meeting disclosed that v4.8.2 has entered the planning stage and is expected to be released in Q2 2026.

According to Cointelegraph, the revenue from decentralized applications in the Solana ecosystem has dropped to an 18-month low, and the SOL price is at risk of testing $80 again. SOL has fallen 11% to $87 in the past three days, triggering the liquidation of $25 million in long positions.The perpetual contract funding rate is close to 0%, indicating weak demand from bulls, with bears dominating leverage demand over the past month. The delta skew in the options market has risen to 12%, with put option premiums trading, showing that professional traders lack confidence in the $87 support level. Solana DApps revenue has decreased from $36 million two months ago to $22 million, marking an 18-month low.Although Solana remains a leader in DEX trading volume, it faces fierce competition in the perpetual contract trading space from Hyperliquid, which holds over 80% market share.

BTQ Technologies announced the completion of the first runnable implementation of BIP 360 (Bitcoin Improvement Proposal 360) on its Bitcoin Quantum Testnet v0.3.0, marking an early attempt to introduce quantum-resistant transaction infrastructure into a practical testing environment.BIP 360 introduces a new transaction format called Pay-to-Merkle-Root (P2MR), which reconfigures the way on-chain transaction data is submitted, allowing for the avoidance of public key exposure in specific transaction paths, thereby addressing the potential threats posed by quantum computers to existing cryptographic protections. BTQ stated that P2MR is compatible with frameworks such as the Lightning Network, BitVM, and Ark, while removing the key path spending mechanism introduced by Taproot.The testnet is currently connected to over 50 miners, having processed more than 100,000 blocks, and is equipped with a complete wallet tool that supports the creation, funding, signing, and broadcasting of P2MR transactions.

Ethereum has dropped to around $2,100, with a daily decline of 7%, mainly due to the Federal Reserve's interest rate decision and higher inflation expectations. In the past 24 hours, the total amount of long liquidations in the crypto market reached $492.8 million, with over $144 million in ETH long positions being forcibly liquidated.More critically, CoinGlass data shows that if ETH falls below $2,000, it will trigger over $2.5 billion in leveraged long liquidations across all trading platforms, meaning that if the bearish momentum continues, ETH will face a greater risk of a waterfall decline. Additionally, the U.S. spot Ethereum ETF recorded a net outflow of over $55.5 million on Wednesday, ending a streak of six consecutive days of net inflows. In the past eight FOMC meetings, ETH has declined after seven of them.The typical post-FOMC pullback ranges from 16% to 23%, with deeper deleveraging phases seeing declines of 33% to 43%. From a technical perspective, $2,100 is currently a key support level, closely coinciding with the upper boundary of the ascending triangle and the 50-day moving average. If the bulls can hold this position, the next target is $2,575 (100-day moving average), and above that is the triangle measurement target of $2,700. If $2,100 is lost, ETH will retest the triangle support line around $2,000; if it further breaks below the 20-day moving average, it faces the risk of dropping to $1,800.

According to Jinshi News, the panic index VIX rose by 1.22 points, closing at 23.59.

According to Cointelegraph, the Ethereum client team is testing a mechanism called Fast Confirmation Rules (FCR), aimed at compressing the deposit confirmation time from L1 to L2 networks and exchanges to about 13 seconds, reducing it by up to 98% compared to existing solutions. This mechanism was proposed by Ethereum researcher Julian Ma.FCR determines whether a block can be considered confirmed by evaluating the validators' attestations, rather than relying on the traditional block depth counting method. Its operation is based on two premises: that network message propagation is fast enough, and that no single entity holds more than 25% of the staked ETH. Currently, most users rely on canonical bridges to complete asset transfers, which typically require waiting about 13 minutes; some exchanges and L2s have adopted "k-depth" confirmation rules to shorten the wait, but this method lacks formal security guarantees.FCR can be deployed without a hard fork, and nodes can independently enable it without the need for coordination across the entire network. Ethereum co-founder Vitalik Buterin expressed support for this, believing that the mechanism can provide "hard guarantees" for transactions within a single time slot (about 12 seconds) under specific network conditions. However, there are still voices of skepticism in the community, with some users concerned about whether its trust assumptions can hold up under network pressure. Currently, client and API integration work is still ongoing.

The GMGN Agent API, designed specifically for large model and AI developers, is now officially open for internal testing. This API allows developers to perform on-chain trading operations through natural language instructions.In terms of data and functionality, this API provides real-time K-line data and research indicators covering multiple chains such as SOL, BSC, and Base, and has the capability to identify on-chain risk information such as snipers, insider trading, and high-control bundled wallets. In terms of security mechanisms, the system uses Ed25519 asymmetric encryption authentication, with private keys stored locally, and is equipped with an IP whitelist and anti-clipping protection based on a custodial wallet architecture.Currently, developers can access it through tools like OpenClaw and Claude Code (the query function only requires an API Key, while the trading function requires additional configuration of a private key). This API currently employs a whitelist application mechanism, with the official team reviewing and importing UIDs daily.

The head of Plasma engineering stated that they have joined Plasma and are leading the development of the flagship product Plasma One. They pointed out that as infrastructure such as account abstraction, rapid settlement, and crypto payment cards gradually improves, the usability of crypto products is significantly increasing.They believe that stablecoins, as a "new type of currency," possess characteristics such as globalization, permissionless access, and programmability, but the current user experience still lags behind traditional finance. Plasma One aims to bridge this gap and create a user experience similar to a new type of digital bank. Currently, Plasma One has entered the private testing phase, and the team is accelerating product iteration and plans to open early access.

Bitcoin Core has released the v31rc1 test version, which is the next major version following v30.2. This version is now open for testing, and developers can download the binaries and view the release notes. The official version is expected to be released after the subsequent testing is completed.

According to independent analyst Markus Thielen, Ethereum has accumulated a decline of about 63% in this cycle, reaching a low of $1837, and the current price is testing the technical resistance level at the upper edge of the downward channel.The recent price recovery has been primarily driven by options capital flow and the Gamma hedging mechanism, with no significant changes in the fundamentals. Although ETF demand has shown some signs of recovery, derivative positions remain the core factor affecting recent trends. Analysts point out that the financial asset attributes of Ethereum are becoming increasingly apparent, and its price movement has begun to decouple from traditional major asset classes. The traditional risk-on/risk-off framework has limited explanatory power, and the crypto market may be forming a more independent pricing logic, with the position structure and capital flow worthy of continuous tracking.

According to a report by Jinshi, the latest NBC poll shows that Trump's support among registered voters has decreased by 3 percentage points from 47% in March 2025 to 44%, with disapproval rising to 54%. The average of Decision Desk HQ polls also shows similar results: 43.1% approval and 54.4% disapproval.Investinglive analyst Adam Button stated that the key for the market lies in the situation of the midterm elections. Trump himself has pointed out this risk, noting that historical patterns show that the party in the White House typically faces setbacks in midterm elections. If the Republican Party loses seats in Congress, it will reshape the legislative landscape regarding tax policy, tariffs, and deregulation, while current stock valuations have to some extent already priced in expectations for these policies.The big question ahead is whether Trump will begin to face internal pressure to quickly end the war. Republicans have certainly acknowledged that they will lose the House of Representatives, and as the Middle Eastern war diminishes some of their voter base, the control of the Senate becomes increasingly uncertain.

Hyperliquid announced that HIP-4 has officially launched on the testnet. The first result-based market to go live is the periodic binary options based on HyperCore's marked prices. Users can view the relevant markets in the "Predict" section of the testnet interface. The result contracts are fully collateralized, settled within a fixed price range, feature non-linear returns and expiration time characteristics, and do not involve leverage or liquidation mechanisms.Hyperliquid also stated that it plans to launch a one-day expiration binary market for BTC and HYPE in the future. The protocol is designed to support multi-result markets, but this feature has not yet been included in the first release plan.Hyperliquid previously disclosed that in the next network upgrade, the portfolio margin will transition from the pre-alpha phase to the alpha phase, expanding the applicable scope from test accounts to portfolios under approximately $500,000. A main account must have a weighted trading volume exceeding $5 million to enable portfolio margin and set supply and borrowing limits for each asset: 1. The overall supply limit for USDH is 500 million tokens, with an overall borrowing limit of 100 million tokens; 2. The single-user supply limit for USDH is 5 million tokens, and the single-user borrowing limit is 1 million tokens.

According to Jinshi News, Musk announced that the digital payment system "xMoney" on the social media platform X will begin early public testing next month, starting in the U.S. market and then expanding globally.Musk's ultimate goal is to transform X into a one-stop platform similar to WeChat, integrating streaming media, messaging, images, videos, and financial services. In the future, users will be able to complete their entire financial life transactions on X, including purchasing goods, storing value, tipping creators, and making investments.

Stablecoin issuer Circle has announced the launch of the Circle Nanopayments testnet, a payment infrastructure that supports transfers of as low as $0.000001 USDC and enables gas-free transactions for single payments, aiming to provide a foundational payment layer for the "Agent Economy."According to the introduction, Nanopayments is built on the Circle Gateway and aggregates off-chain transactions with delayed batch on-chain settlements, packaging thousands of micropayments into a single on-chain settlement to avoid gas costs for each transaction. Developers can leverage this to implement pay-per-call, pay-per-use, and machine-to-machine payment scenarios. Technically, when a user or agent initiates a payment, they sign an EIP-3009 authorization message, and the system verifies the signature to instantly update the internal ledger and confirm the payment, while the actual on-chain settlement is completed periodically in the background.Circle stated that this solution has been validated in collaboration with open-source robot developer OpenMind, for example, an autonomous robotic dog can automatically pay charging fees using USDC through Nanopayments. Currently, Nanopayments is available on multiple testnet chains, including Ethereum, Arbitrum, Optimism, Avalanche, Base, and Polygon test environments.