yield

According to BBX data, yesterday the innovative structure of cryptocurrency ETF products was launched simultaneously with the reserve actions of Asian companies, with the core dynamics as follows:Bitwise Asset Management announced on April 15 via PR Newswire that the Bitwise Avalanche ETF (NYSE: $BAVA) officially landed on the New York Stock Exchange, becoming the first onshore ETP in the U.S. that integrates self-operated on-chain staking of Avalanche; the fund stakes approximately 70% of its holdings, targeting an annualized staking yield of 5.4%, with a management fee rate of 0.34% (waived for the first month on the first $500 million in assets).Metaplanet Inc. (TSE: 3350) reported by media analysis that the 27th batch of warrants officially became exercisable for the EVO FUND starting yesterday (April 16), which is part of the company's ongoing capital operations to expand its BTC reserves. Previously, the company disclosed on April 2 that it purchased 5,075 BTC in Q1 (costing approximately $398 million), raising its total holdings to 40,177 BTC, surpassing MARA Holdings to become the third largest BTC holder among publicly listed companies globally; the company's long-term goal is to hold 100,000 BTC by the end of 2026.

According to the latest data from the Gate platform, the total staking amount for its SOL mining (staking) product has reached 550,700 SOL, with a reference annualized yield of 8.50%. Users staking SOL can receive an equivalent amount of GTSOL assets, achieving asset appreciation.This service supports instant redemption, releasing liquidity and obtaining stable returns. In addition to SOL, the platform also offers multi-currency staking options. As of the time of publication, the reference annualized yields are: GUSD 2.90%, BTC 2.65%, ETH 4.29%, and USDT 3.92%.

The enterprise digital asset infrastructure platform Fireblocks has launched a new feature called Earn, allowing institutional clients to allocate stablecoin balances to on-chain lending strategies through products supported by Aave and Morpho, in order to enhance the efficiency of idle capital utilization.The product is initially integrated with the Morpho vault and Aave stablecoin lending market, curated by Sentora, and is now open for Early Access to Fireblocks clients. Fireblocks stated that the earnings are generated by the underlying protocols, are variable returns, are not guaranteed, and may be 0. Data shows that Aave and Morpho are currently the top two decentralized lending protocols by total locked value.

Solv Protocol announced a strategic integration with Utexo, launching a native Bitcoin yield solution based on the RGB protocol and the Lightning Network, enabling the conversion between native BTC and USDT through atomic swaps without the need for wrapping, cross-chain bridges, or custodians.This solution emphasizes self-custody, privacy protection, and final settlement, and aligns with Tether's previously announced plan to natively issue USDT on the RGB-compatible Lightning Network. Additionally, it was disclosed that Solv participated as a strategic angel investor in Utexo's $7.5 million seed round financing led by Tether.

According to a report by CryptoSlate, the White House Economic Advisory Council recently released a research report indicating that banning the yield on stablecoins has very limited protective effects on bank loans, yet it significantly reduces consumers' ability to earn returns through digital cash. This conclusion directly challenges the core argument of the banking industry supporting the yield ban and provides new policy backing for the advancement of the CLARITY Act.Currently, Treasury Secretary Bessent and SEC Chair Atkins have both publicly expressed support for the bill, indicating a convergence of positions between the executive branch and regulatory agencies. However, the Senate Banking Committee has yet to announce a timeline for the bill's review, and political maneuvering remains the biggest variable.Analysts point out that if the committee can complete its review before the summer recess, the probability of the bill passing will significantly increase; otherwise, it will face the dual risks of election pressure and legislative delays.

According to Decrypt, U.S. Senator Thom Tillis stated that the Senate is expected to release a revised draft text on stablecoin yield distribution this week.Currently, there is a disagreement between banks and crypto companies on whether cryptocurrency exchanges should be allowed to pay yields to stablecoin holders through reward programs, and this controversy has stalled the legislative process of the Clarity Act. The White House Council of Economic Advisers recently released a report stating that banning stablecoin yields would have a minimal impact on small banks, only increasing bank lending by 0.02%. However, the American Bankers Association believes this analysis underestimates the risks. Observers point out that if the draft provisions are too strict, it may lead users and liquidity to flow to other jurisdictions that allow yields.

The U.S. banking industry has questioned the stablecoin yield report released by the White House, arguing that the conclusions of the report are based on incorrect issues.The White House Council of Economic Advisers' research report states that banning stablecoin yields would have a negligible impact on bank lending, only potentially increasing loans by about $2.1 billion. Sayee Srinivasan, chief economist of the American Bankers Association, and Yikai Wang, vice president, stated that the core policy concern is whether allowing stablecoins to generate yields would encourage deposit outflows, particularly from community banks to large institutions, thereby increasing financing costs and reducing local lending. The American Bankers Association acknowledges that the financial incentives to pursue high-yield stablecoins will prompt households and businesses to move funds out of banks. Currently, the cryptocurrency and banking industries are negotiating the terms of a Senate bill, with the prohibition of interest payments on stablecoins being a key point of contention.

Patrick Witte, the Executive Director of the White House Digital Assets Presidential Advisory Committee, stated on Monday that substantive progress is being made in Senate negotiations surrounding the Clarity Act, with a compromise reached on the issue of stablecoin yields expected to hold, and the focus of negotiations has shifted to other unresolved topics.The issue of stablecoin yields was previously the biggest obstacle to advancing the bill. Banking lobbyists successfully persuaded some senators that providing yields similar to bank interest to stablecoin holders would threaten the traditional banking deposit base, causing the bill to reach an impasse. Witte stated, "We hope that the compromise reached will be durable and stable. Resolving this issue is a prerequisite for advancing other pending matters." Last week, the White House economic advisors released a report downplaying the risk concerns raised by the banking industry; in response, the American Bankers Association rebutted on Monday, claiming the White House's arguments were flawed.In addition to stablecoin yields, the bill also faces several disagreements, including illegal financial protection mechanisms in the DeFi space and a demand from Democrats to prohibit senior government officials (specifically targeting President Trump) from profiting from the crypto industry. Witte did not disclose which topics have reached consensus but indicated that negotiations have "made considerable progress behind the scenes," stating, "We are very close to comprehensively resolving these issues." The Clarity Act still needs to go through the Senate Banking Committee's markup review process before being submitted for a full Senate vote. Witte expressed optimism about reaching a final agreement, noting that many issues that previously seemed stuck have gradually been resolved.

The DeFi protocol Splyce Finance has completed a strategic round of financing, with investors including Sui Foundation, Stellar Foundation, Solana Foundation, Lucid Drakes, Sarson Funds, and Kin Capital. The specific amount of financing has not yet been disclosed.

According to Decrypt, the White House Council of Economic Advisers (CEA) released a report stating that banning stablecoin yield products would only increase community bank loan volumes by 0.026% (approximately $500 million), with the overall banking sector loan increment also being only 0.02%, resulting in a net welfare cost of $800 million. The report directly refuted the Independent Community Bankers of America (ICBA) warning that small banks would lose $1.3 trillion in deposits.At the time of the report's release, the Clarity Act, which regulates stablecoin yields, was still stalled in Congress. Senator Cynthia Lummis stated that the bill would enter the review process in the second half of April and aims to complete legislation before May.

According to data from the World Liberty Financial website, World Liberty Financial has launched a lending market based on the Ethereum ecosystem by integrating with the decentralized lending protocol Dolomite, with a current yield of 34.51% for USD1.Note: Interest rates fluctuate in real-time; accurate rates can be checked on the product website.

A Polymarket trader increased approximately $13,000 in funds to about $475,000 by betting on a ceasefire event between the United States and Iran, achieving a return of over 3500%.

According to Crypto In America, the core disagreement between the U.S. cryptocurrency and banking industries regarding the stablecoin yield mechanism may be close to resolution. Several informed sources have revealed that both sides have initiated a new round of communication regarding the latest compromise plan. Although the details have not been disclosed, the overall expectation is becoming optimistic.A previous draft pushed by U.S. senators had sparked dissatisfaction in the industry, with institutions such as Coinbase and Stripe expressing concerns. The market is focused on the "Clarity Act," which is expected to enter the committee review stage later this month. If the yield issue is alleviated, the legislative focus will shift to remaining topics such as DeFi, tokenization, and token classification.In addition, a White House research report on stablecoin yields and their impact on the banking system has yet to be released. It is said that the overall conclusion of the study leans towards supporting the cryptocurrency industry, and the reason for the delay in publication remains unclear.

According to Politico, three informed sources revealed that cryptocurrency companies and Wall Street firms will review the new stablecoin yield agreement text from April 2 to 3, which was jointly drafted by Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks.Currently, the plan is to limit the review of the text to relevant parties and not to make it publicly available on a broader scale. Last week, parties visiting Capitol Hill were allowed to read the text on-site but were not permitted to take copies out.

According to Jinshi, the yield on the U.S. 10-year Treasury bond rose by 6 basis points to 4.38%, while the December federal funds futures fell by 6.5 basis points.

According to the official page, the total issuance of GUSD on the Gate platform has exceeded 159 million, with an annualized issuance rate currently reported at 3.3%. Meanwhile, the Gate Launchpool EDGEX project is ongoing: the annualized yield for the GUSD pool is currently reported at 18.34%, the annualized yield for the BTC pool is currently reported at 8.69%, and the annualized yield for the ETH pool is currently reported at 11.82%.GUSD is a high-yield asset supported by the income from the Gate ecosystem, government bonds RWA, and stablecoins. The product supports trading and collateral, allowing users to earn daily returns, aiming to provide users with relatively stable returns. In addition, the current reference annualized yields for mainstream cryptocurrencies are: BTC 2.56%, ETH 4.30%, SOL 8.50%, and USDT 3.84%.

Coinbase Chief Legal Officer Paul Grewal stated in an interview with Fox Business that the upcoming "Clarity Act" is "very close" to reaching an agreement regarding the debate on stablecoin yields.Grewal mentioned that the cryptocurrency market structure bill is progressing, although the debate surrounding stablecoin yields continues. He noted that all parties are gradually realizing that while reward mechanisms are important, other key elements in the bill are also crucial for achieving President Trump's vision of making the U.S. the "global crypto capital."The U.S. banking industry has previously lobbied for the "Clarity Act" to include provisions that prohibit crypto platforms from offering yields on idle stablecoin balances, arguing that this could lead to a significant outflow of bank deposits. In response, Grewal stated that there is currently no evidence indicating that deposit outflows are actually occurring and pointed out that the issue of stablecoin yields should not be conflated with other challenges facing the banking industry.Grewal expressed optimism about the bill's prospects, stating that he expects the Senate Banking Committee to initiate review hearings in the coming weeks and ultimately hold a full vote.Coinbase and its CEO Brian Armstrong have previously publicly opposed versions of the bill that prohibit rewards on idle stablecoin balances, arguing that such restrictions would stifle innovation in the U.S. and harm consumer interests. Meanwhile, Coinbase's stock price (COIN) has fallen 50% over the past six months amid a prolonged downturn in the crypto market, closing down 0.9% at $172.99 on Wednesday.

According to Cointelegraph, crypto journalist Eleanor Terrett revealed that the text of the stablecoin yield bill will not be released as scheduled this week, due to concerns that it would give opponents the opportunity to delay the bill before the Senate review.