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U.S. Republican Senator Thom Tillis stated that a draft will be publicly released this week, aimed at addressing the long-standing dispute between banks and cryptocurrency companies regarding stablecoin yields in the Clarity Act.Tillis has collaborated with Democratic Senator Angela Alsobrooks to draft the relevant provisions, and the current draft has been reviewed by both banks and cryptocurrency parties, but the banks still hold an opposing stance. Tillis expressed a willingness to further modify the text. The issue of stablecoin yields is the core point of contention in the Clarity Act—banks are concerned that allowing cryptocurrency companies to pay interest on idle stablecoins will lead to a massive outflow of deposits, while cryptocurrency firms like Coinbase believe that prohibiting this will stifle innovation. Additionally, Tillis proposed to hold a "crypto summit" to invite all parties to negotiate a resolution on Capitol Hill. The Clarity Act has not yet passed the Senate Banking Committee, and there is still a long way to go before final legislation.

The U.S. Department of Justice has announced that it has initiated a compensation program for victims of the OneCoin cryptocurrency fraud case, with over $40 million in forfeited assets available for payout.The program is aimed at investors who purchased OneCoin and incurred net losses between 2014 and 2019. U.S. prosecutors stated that this move is intended to return some of the illicit proceeds to the victims. OneCoin was initiated by Ruja Ignatova and Karl Greenwood, with the related fraud exceeding $4 billion. Ignatova has been missing since 2017, and Greenwood was sentenced to 20 years in prison in 2023.

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.

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.

As AI moves towards the era of autonomous collaborative agents, the B.AI platform has officially launched, dedicated to providing key "financial infrastructure" capabilities for deep participation of AI agents in value exchange, breaking the bottleneck of the industry's shift from model capabilities to underlying support. As the core infrastructure linking agents and the economic system, B.AI will deeply analyze how it reshapes the economic role of agents through a special Space on April 14 at 8 PM. By building seamless financial access and collaboration standards, B.AI is accelerating the realization of the AGI vision with forward-looking technological layouts, opening new opportunities for intelligent productivity for global users.Users are encouraged to follow the official accounts @sunpumpmeme and @Agent_SunGenX, retweet the post, and @ three friends. The official account will randomly select 5 lucky users from the participants to receive a reward of 10 USDT each.

Liquid Capital founder Jack Yi tweeted, "As Iran is willing to give up uranium enrichment as a compromise to end the war, the war is progressing towards a complete end as expected, hoping that world peace is not just an empty slogan. At the same time, the structural bill will eventually pass, and I remain optimistic about this rebound market, unless the guns start firing again.Recently, I've seen many people get liquidated in altcoin contracts. Altcoins themselves are high-risk, and adding contracts makes it a guaranteed losing game, especially when your opponent controls the chips, capital, and technology. Buffett is right; slowly getting rich is the best way. No matter how skilled you are, winning five times in a row and losing everything on the sixth is not a normal business model."

According to The Block, South Korean payment service provider NHN KCP has signed a memorandum of understanding with Ava Labs to jointly build a Layer 1 network aimed at payment scenarios based on Ava Cloud, covering three main areas: sub-second payment confirmation, on-chain transaction data encryption, and customizable merchant payment infrastructure.The two parties will also explore business opportunities such as tokenized deposit models, multi-stablecoin settlement structures, and cross-border payments. Justin Kim, head of Ava Labs Asia, stated that the launch time of the L1 mainnet will largely depend on the progress of cryptocurrency regulatory regulations in South Korea.

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.

According to on-chain analyst Ai Yi's monitoring, during the market rise early this morning, the whale "set 10 big targets" and stopped loss on 2567.49 BTC short positions at $73,500, incurring a loss of about $5 million, with the stop loss point for ETH unknown.He stated that the original plan was to see it rise to $60,000, but chose to stop loss due to geopolitical news. This trader had made a profit of $21.76 million in mid-March, and since April, the three operations have broken even, and he currently plans to temporarily stop trading.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged in April is 99%, and the probability of a 25 basis point rate hike is 1%. By June, the cumulative probability of a 25 basis point rate cut is 1.5%, the probability of keeping interest rates unchanged is 97.5%, and the cumulative probability of a 25 basis point rate hike is 1%.

Solana co-founder toly commented on the controversy surrounding Circle's USDC freezing mechanism, stating that we need a base layer stablecoin that can only be frozen under a court order. If there are other factors that can freeze it besides authorization from a judge approved by the U.S. Senate, then it is not a true dollar stablecoin.toly suggested that various protocols (such as Drift and Kamino) should issue wrapped stablecoins with their own freezing and unfreezing strategies on top of the base layer stablecoin, equipped with a security team truly responsible for handling hacking incidents, while having independent freezing and unfreezing strategies.It is reported that after the recent hacking of the Drift protocol, Circle did not promptly freeze the stolen USDC. Circle CEO Jeremy Allaire's remarks about the "moral dilemma" and freezing policy have sparked widespread discussion in the community regarding the freezing mechanisms of centralized stablecoins.

Cryptocurrency exchange Kraken has stated that it is being extorted by a criminal organization, which threatens to release videos of its internal system access. The company emphasizes that there has been no systemic breach, customer funds remain secure, and it will not pay a ransom to the attackers.Kraken disclosed that the incident stemmed from improper access by personnel related to the customer service team, occurring in two separate incidents, involving limited data access for approximately 2,000 accounts (about 0.02% of total users). The company has identified the individuals involved and terminated their access, while also notifying affected users and strengthening security controls.Kraken's Chief Security Officer Nick Percoco stated that the company is cooperating with law enforcement to investigate and believes it has evidence to track and arrest the individuals involved. The current attack shows a trend of "internal infiltration + social engineering," reflecting the ongoing security challenges faced by the cryptocurrency industry in a high-value asset and complex technological environment.

According to Cointelegraph, Bernstein stated that the previous pullback of Bitcoin has to some extent reflected the market's concerns about the risks of quantum computing, believing that this threat is "real but manageable," and is not yet an imminent systemic risk.Although research, including that from Google, suggests that future quantum computers could potentially crack commonly used blockchain encryption algorithms quickly under extreme conditions, advancements in zero-knowledge proofs and post-quantum cryptography have formed a hedge to some extent.Bernstein believes that Bitcoin developers still have about 3 to 5 years to advance the post-quantum upgrade path and mentioned the current BIP-360 proposal, which could reduce some quantum exposure risks through a soft fork. Additionally, institutional investors (including ETF issuers and corporate holders) are expected to play an active role in promoting consensus for the upgrade.However, industry opinions point out that the main challenge of the post-quantum upgrade lies in user migration and consensus formation, rather than the technical implementation itself.

The blockchain interoperability protocol Hyperbridge disclosed details of the previous DOT attack incident, resulting in a loss of approximately $237,000. The root of the vulnerability lies in the HandlerV1 contract's VerifyProof() function, which lacks input validation and does not verify the leaf_index leafCount, allowing attackers to forge Merkle proofs.Using this, the attacker gained administrator privileges for the DOT token bridging contract on Ethereum, subsequently minting 1 billion bridged DOT (which is about 2800 times the legitimate circulation of approximately 356,000) and cashing out on decentralized exchanges. Hyperbridge stated that it is currently working with security partners to trace the funds, and cross-chain functionality will remain suspended until the investigation is completed.

According to an article in the American Bankers Association (ABA) Journal, experts including the ABA's chief economist point out that the recent research report by the White House Council of Economic Advisers (CEA) on the issuance of yield from payment stablecoins raises the wrong questions and may mislead policymakers.The CEA report mainly explores "how prohibiting the issuance of yield from payment stablecoins will affect bank lending," concluding that banning yields would only increase bank lending by about $1.2 billion, with minimal impact.However, the ABA believes that the real policy concern is not the consequences of "prohibition," but the risks that may arise from "allowing" the issuance of yield from payment stablecoins: accelerating deposit outflows, allowing yields to stimulate households and businesses to move funds from bank deposits (especially community banks) to stablecoins, which would have a significant impact when the market size expands to $1-2 trillion. ABA analysis shows that loans in Iowa alone could decrease by $4.4 billion to $8.7 billion as a result.Impact on community banks: Deposit outflows will force community banks to replace funding with higher-cost wholesale financing (such as Federal Home Loan Bank advances), raising their funding costs and thereby reducing loans to local households and small businesses. It is not a harmless "reshuffling": The CEA believes that deposits are merely "reshuffled" within the banking system, with overall impact being minimal.However, the ABA points out that deposits flowing from community banks to a few large institutions or stablecoin reserve accounts will harm sectors that rely on relationship-based bank lending. The ABA believes that prohibiting the issuance of yield from payment stablecoins is a prudent protective measure that allows stablecoins to mature as a tool for payment innovation rather than becoming a source of economic risk that substitutes for insured deposits.

According to Cointelegraph, the Financial Supervisory Service (FSS) of South Korea stated that API-based cryptocurrency trading currently accounts for about 30% of the market's trading volume.The FSS pointed out that some traders are using automated tools to inflate trading volume and manipulate prices, with methods including repeatedly submitting small orders to create a false sense of activity and artificially raising prices through high-limit orders.The regulatory agency stated that it will conduct special investigations on accounts suspected of abnormal API trading and remind investors to be cautious of assets that experience sudden spikes in price and trading volume without obvious reasons. Previously, South Korea had required exchanges to verify asset balances every five minutes and continued to tighten anti-fraud rules, but some regulatory measures still face constraints due to an incomplete legal framework.

According to a report by Jinshi citing Reuters, a notice to crew members indicates that the U.S. military has stated that any vessels entering or leaving the blockade zone without authorization will be intercepted, redirected, and seized. The blockade measures apply to all maritime traffic, regardless of the flag flown. The blockade will be implemented in the Arabian Sea east of the Gulf of Oman and the Strait of Hormuz.

According to CoinDesk, researchers from the University of California, Santa Barbara, the University of California, San Diego, blockchain security company Fuzzland, and World Liberty Financial have jointly published a paper warning that "LLM routers"—intermediary services located between users and AI models—have become a significant security risk for crypto assets.The researchers found that 26 LLM routers are secretly injecting malicious tool calls and stealing user credentials, with one incident leading to the emptying of a customer's crypto wallet worth $500,000.Additionally, the researchers were able to control about 400 downstream hosts within hours by "polluting" the router ecosystem. Since sensitive data such as private keys and API credentials are often transmitted in plaintext through these routers, users are effectively exposing their assets to risk without their knowledge.The researchers pointed out that as McKinsey predicts AI agents will mediate $30 trillion to $50 trillion in global consumer spending by 2030, Binance founder Changpeng Zhao also predicts that the payment volume of AI agents will be a million times that of humans. The current infrastructure security is severely lagging behind the pace of industry development, and the risk of the "weakest link" could trigger a systemic chain crisis.