News linked to this event type.
Nick Timiraos, known as the "Fed Mouthpiece," wrote in The Wall Street Journal that the discussion within the Federal Reserve regarding the interest rate path has undergone a noticeable shift. The focus is no longer primarily on when to restart rate cuts but has begun to consider under what conditions rate hikes might be necessary again. Since the Fed began releasing policy statements in 1994, disagreements over how to describe the policy direction—rather than actual rate changes—have been rare.Three regional Fed presidents, including Dallas Fed President Lorie Logan and Minneapolis Fed President Neel Kashkari, opposed retaining the wording "the next move is more likely a rate cut" at this week’s policy meeting, arguing that the next rate adjustment could be either a hike or a cut. Outgoing Fed Chair Jerome Powell stated that the committee is gradually shifting from a "rate-cut bias" to a "neutral stance" and noted that if rate hikes become necessary in the future, the Fed would first move to a neutral position before signaling increases. (WSJ)
According to a Reuters investigation, Nobitex—the largest cryptocurrency exchange in Iran—was founded by members of the Kharrazi family, who maintain close ties to Iran’s highest leadership. The investigation found that the exchange was established by brothers Ali and Mohammad Kharrazi, who previously used the surname “Aghamir” to conceal their connection to the Kharrazi family—a family long embedded in Iran’s political inner circle, including historical links to Ayatollah Ali Khamenei and his successors. The report states that Nobitex currently serves over 11 million users and dominates Iran’s cryptocurrency market. It continued operating during Iran’s conflicts with the United States and Israel—even amid nationwide internet blackouts—and processed transactions throughout. Analysts estimate its trading volume exceeded $100 million during wartime, accompanied by substantial outflows of funds overseas. Additionally, multiple on-chain analytics firms have identified that the platform processed transactions linked to sanctioned entities, with estimated volumes ranging from $22 million to $366 million. Data also shows that wallets associated with the Central Bank of Iran transferred hundreds of millions of dollars’ worth of cryptocurrency assets to Nobitex in 2025—widely believed to be an effort to circumvent financial sanctions. Nobitex has denied any government affiliation and stated that illicit transactions constitute only a small fraction of its overall business.
Nobitex, Iran's largest cryptocurrency exchange, was founded by members of the Kharrazi family, who have close ties to Iran's supreme leadership. Investigations show the exchange was created by brothers Ali and Mohammad Kharrazi, who previously used the surname "Aghamir" to conceal their connection to the Kharrazi family. This family has long-standing, deep ties to Iran's political core, including historical links to Ali Khamenei and his successors.The report indicates that Nobitex currently serves over 11 million users, dominates the Iranian crypto market, and has continued operating throughout conflicts between Iran, the United States, and Israel, even processing transactions during nationwide internet blackouts. Analysts say its trading volume exceeded $100 million during wartime, with significant funds flowing overseas.Additionally, multiple on-chain analytics firms point out that the platform has processed transactions linked to sanctioned entities, with estimated volumes ranging from $22 million to $366 million. Other data shows that wallets associated with the Central Bank of Iran transferred hundreds of millions of dollars worth of crypto assets to Nobitex in 2025, allegedly to circumvent financial sanctions. Nobitex denies any connection to the government, stating that illegal transactions represent only a small fraction of its overall business. (Cointelegraph)
According to The Information, U.S. Commodity Futures Trading Commission (CFTC) Chair Michael Selig announced that the agency is moving forward with efforts to limit states’ interference in prediction markets, aiming to prevent state-level regulatory measures from hindering—or even killing—the industry’s development. Reports indicate that Selig himself is a sports enthusiast, with numerous sports memorabilia displayed in his office—a sign of his long-standing interest in sports prediction markets. Since assuming office several months ago, he has moved swiftly on related initiatives, seeking to establish a more permissive federal regulatory environment for prediction markets and enabling more U.S. users to participate in prediction trading on sports events and other outcomes.
Odaily Odaily PaperImperium, the head of MegaETH, disclosed on X platform that documents from the U.S. District Court for the Southern District of New York show that a U.S. court has issued an injunction against the Arbitrum DAO, prohibiting it from transferring approximately $71 million in ETH assets that were previously frozen during the KelpDAO hacking incident. In response, on-chain detective ZachXBT posted on X platform, stating that certain U.S. law firms are using his investigative work and on-chain forensics to help victims of some hacking incidents file legal claims. However, this practice may actually slow down or hinder victims from receiving compensation or recovering funds.ZachXBT added that in previous hacking incidents involving the Lazarus Group, such law firms often stepped in after on-chain fund tracking or freezing was completed, proposing subsequent legal actions that were weakly related to the crypto incidents themselves. Similar "free-riding claims" strategies were used in events like Harmony and Bybit. He called on the crypto community to establish a DAO to resist such practices.
: MegaETH lead PaperImperium disclosed on X platform a court document from the U.S. District Court for the Southern District of New York, showing that a U.S. court has issued an injunction against the Arbitrum DAO, prohibiting it from transferring approximately $71 million worth of ETH assets that were previously frozen in the KelpDAO hacking incident. The plaintiffs are attempting to use these funds to enforce outstanding judgment compensation in cases related to North Korea's involvement in terrorism, kidnapping, and other matters spanning several years. They have also filed a motion to serve legal notice to the Arbitrum DAO via alternative means, treating it as an accountable "partnership." The court document further notes that the Arbitrum DAO has a Security Council governed by ARB holders, which has the authority to take action in emergencies. As a result, relevant members who refuse to comply may face legal consequences such as contempt of court. Market observers believe that this case could set an important precedent for the U.S. judicial system to directly constrain DAO governance structures, further highlighting the compliance pressure faced by DeFi protocols under real-world legal frameworks.
According to JIN10, U.S. President Trump criticized Tehran’s leadership for lacking unity, which he said is hindering agreement on ending the nine-week conflict that has triggered a global energy crisis. He stated that “Iran’s requests are ones I cannot accept,” though some traders interpreted this as a negotiating tactic rather than an abandonment of peace efforts. Investors will be watching for a new batch of U.S. corporate earnings reports and U.S. employment data. Below are the key market focus points for the coming week: Tuesday, 00:50: John Williams, President of the Federal Reserve Bank of New York and a permanent voting member of the FOMC, delivers a speech; Tuesday, 22:00: U.S. April ISM Non-Manufacturing PMI and U.S. March JOLTS Job Openings; Wednesday, 20:15: U.S. April ADP Employment Change; Wednesday, 21:30: Alberto Musalem, President of the Federal Reserve Bank of St. Louis and an FOMC voter in 2028, speaks on the economic outlook and monetary policy; Thursday, 01:00: Austan Goolsbee, President of the Federal Reserve Bank of Chicago and an FOMC voter in 2027, participates in a panel discussion at a conference; Thursday, 19:30: U.S. April Challenger Job Cuts; Friday, 02:05: Loretta Mester, President of the Federal Reserve Bank of Cleveland and an FOMC voter in 2026, delivers a speech; Friday, 03:30: John Williams, President of the Federal Reserve Bank of New York and a permanent voting member of the FOMC, delivers a speech; Friday, 22:00: U.S. May one-year inflation expectation (preliminary), U.S. May University of Michigan Consumer Sentiment Index (preliminary), and U.S. March wholesale sales (month-on-month). Forecasters expect the April nonfarm payrolls report—due next Friday—to show solid job growth.
New York Attorney General Letitia James announced that crypto platform Uphold has been ordered to pay over $5 million in restitution to affected users for promoting CredEarn, a fraudulent crypto savings product. The investigation revealed that between January 2019 and October 2020, Uphold marketed CredEarn, offered by Cred LLC, as a "safe and secure" high-yield savings product, promising users it was "fully insured." However, Uphold failed to disclose that the returns actually came from issuing high-risk, small-dollar loans to low-income gamers in China, and that no such insurance coverage existed.The New York Attorney General’s office further noted that Uphold did not obtain the necessary broker or commodity broker-dealer registrations while promoting the product. After Cred filed for bankruptcy in 2020, many users suffered losses. Under the settlement, Uphold will directly pay $5 million in restitution to harmed users. Additionally, any future funds Uphold recovers from Cred’s bankruptcy proceedings, totaling $545,000, will also be returned in full to the affected investors. (ny.gov)
According to Financialit, stablecoin financial services platform UnblockPay has announced the completion of a $4.5 million seed funding round, led by Prelude, with participation from Plug and Play, Wintermute, Reverie, Signature Ventures, Triaxis Capital, Crescera Capital, and a group of angel investors. The new capital will support the development of regulated financial products, enabling businesses to integrate stablecoins into their day-to-day financial operations and facilitating seamless conversions between fiat currencies and major stablecoins such as USDC and USDT for enterprise users.
BlackRock has submitted a comment letter to the Office of the Comptroller of the Currency (OCC), opposing the reserve asset restrictions proposed in its draft rules implementing the GENIUS Act. In the comment letter, the firm specifically targets the rules for "permitted payment stablecoin issuers," calling for no quantitative cap on tokenized reserve assets.BlackRock stated that the proposed restrictions are unrelated to regulatory objectives, and the risk of reserve assets should be determined by their credit quality, duration, and liquidity rather than whether they are held or transferred on a distributed ledger. This comment letter was submitted in response to multiple rule proposals from the OCC covering reserve composition, capital requirements, custody, and other related matters. (The Block)
Chris Perkins, CEO of 250 Digital Asset Management, stated that even if the Clarity Act, aimed at clarifying the crypto regulatory framework, fails to pass Congress, the long-term development of the U.S. crypto industry will remain unaffected. He pointed out that the SEC and CFTC are already continuously building a regulatory framework to provide stability and certainty for the industry.Perkins stated that regulatory agencies are currently gradually clarifying the classification system for crypto assets through policies and practices. Compared to the restrictions previously imposed by defining tokens as securities, the relevant compliance paths are now becoming clearer. He also noted that if the Clarity Act eventually passes, it will further consolidate the regulatory framework, making future policies more difficult to reverse. Recently, market expectations for the advancement of the bill have increased, with multiple lawmakers and industry insiders expressing optimism that it could make progress in the short term. (Cointelegraph)
: Yunfeng Financial has announced the completion of a strategic investment in cross-border payment service provider WooshPay, with the specific amount undisclosed. WooshPay is a financial infrastructure platform regulated by the UK Financial Conduct Authority and the Hong Kong Customs and Excise Department. Yunfeng Financial stated that this investment aims to expand the digital payment market and integrate its digital asset infrastructure platform AlphaToken, advancing "AI+Web3" asset tokenization and compliant settlement-related businesses. According to further disclosure, Yunfeng Financial has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services, supporting users in trading digital assets such as Bitcoin and Ethereum on its platform.
U.S. lawmakers have reached an agreement on stablecoin yield provisions, a point of contention that had stalled the Clarity Act in the Senate for months. Senators Tom Tillis and Angela Alsobrooks have finalized the text of the related compromise. Section 404 of the agreement stipulates that crypto companies cannot offer interest or returns that are economically or functionally equivalent to bank deposits, but allows for incentives related to the use of genuine platforms.Coinbase CEO Brian Armstrong stated that the Senate Banking Committee should be urged to deliberate on the bill as soon as possible. This development could provide momentum for what has been a long-stalled review process. (The Block)
Wasabi Protocol announced a security incident update on X, stating that users can now safely interact with the protocol’s contracts to withdraw remaining funds. The team said it is working behind the scenes to the best of its ability to address the issue; however, as the investigation remains ongoing, no further details can be disclosed at this time. The team will share the latest updates with the community as soon as conditions permit.
Odaily Odaily News, Michael van de Poppe, founder of MN Trading Capital, stated that Bitcoin's return to the $100,000 mark may not require a new market narrative to drive it; narratives will naturally form after the price increases. He pointed out that the current market focus has shifted to areas such as AI, putting relative pressure on Bitcoin's short-term performance. However, from a mathematical and statistical perspective, the current price range still holds accumulation value.Data shows that Bitcoin has not been above the $100,000 mark for nearly five months. The price has recovered from a low of around $60,000 in February this year to approximately $78,000, with a gain of about 14.49% over the past 30 days. The market is broadly focused on potential catalysts such as the Federal Reserve's interest rate policy, regulatory progress, and capital inflows into Bitcoin spot ETFs. However, some argue that even if the U.S. CLARITY Act is implemented, its direct impact on Bitcoin's price will be limited. (Cointelegraph)
: UK Reform Party leader Nigel Farage has been accused of conflict of interest by the opposition. He received a £5 million personal donation from crypto investor Christopher Harborne in 2024. Subsequently, in May 2025, the Reform Party proposed a draft regulatory framework for the crypto industry, aiming to reduce the stamp duty on crypto transactions from 24% to 10%, and proposed establishing a national Bitcoin reserve and lowering capital gains tax on crypto assets. Farage has acknowledged receiving the donation. The Reform Party stated that policy formulation is unrelated to donors. Additionally, Harborne donated another £12 million to the party last year, and crypto businessman Ben Delo donated £4 million this year. Farage now faces allegations of breaching House of Commons rules. In severe cases, he could face suspension as an MP, triggering a by-election. (Financial Times)
The Odaily Seer Prophecy Channel monitors that the probability of Polymarket's "CLARITY Act takes effect in 2026" has risen to 67%, up 21% in 24 hours.The event contract rules state: If the Digital Asset Market Clarity Act of 2025 (H.R.3633) is passed by both chambers of the U.S. Congress and signed into law before 11:59 PM Eastern Time on December 31, 2026, the outcome is "Yes"; otherwise, it is "No." The primary source of information is the Congress.gov website (https://www.congress.gov/bill/119th-congress/house-bill/3633) and other official U.S. government information, although other reliable reports may also be referenced.Coinbase has indicated that key disagreements regarding stablecoin holding yield provisions have been resolved with traditional banking institutions, clearing the way for the U.S. Senate to advance the crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily due to concerns over capital outflows from the deposit banking system. Coinbase Chief Policy Officer Faryar Shirzad stated that the final plan, while adding some restrictions, still preserves room for users to earn rewards through crypto platforms and networks based on actual usage scenarios. This development is expected to push the CLARITY Act toward a voting process in the Senate Banking Committee.The Odaily Seer Prophecy Channel continues to monitor the prediction market, seeing changes before pricing.
: Following the halt of the acquisition plan for AI agent company Manus, the China Securities Regulatory Commission (CSRC) has tightened its review of red-chip structure enterprises seeking Hong Kong IPOs. Several AI companies planning to go public have begun evaluating the dismantling of their overseas structures and a return to domestic entities. Moonshot AI is currently in communication with lawyers regarding structural reorganization, but has not yet made a final decision. Stepfun has already initiated the process of dismantling its overseas holding structure, believing that transitioning to a domestic entity will help shorten the approval cycle. DeepRoute.ai is also conducting a similar evaluation. Industry insiders point out that dismantling a red-chip structure typically takes 6 to 12 months, involving processes such as equity buybacks, establishing joint venture entities, and tax handling. Currently, regulators have not issued a comprehensive ban, but have been inquiring about the overseas holding situations of relevant companies. (The Information)
Alex Thorn, Head of Research at Galaxy Research, stated that the U.S. crypto market structure bill—the CLARITY Act—has entered a critical legislative phase. With the Senate’s key compromise proposal on stablecoin yield officially released, positive signals have emerged for the bill’s advancement. The Senate Banking Committee could begin formal consideration as early as the week of May 11. The new proposal explicitly expands the scope of stablecoin yield restrictions—from issuers to third-party platforms, including crypto exchanges such as Coinbase—and stipulates that yields must not be paid solely because users hold stablecoins (i.e., idle balances), nor may rewards be distributed in forms that are economically or functionally equivalent to bank deposit interest.
Coinbase stated a key disagreement over stablecoin yield provisions has been resolved with traditional banks, clearing a path for the U.S. Senate to advance a crypto market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, primarily over concerns about funds flowing out of the bank deposit system. Coinbase Chief Policy Officer Faryar Shirzad said the final compromise, while adding some restrictions, still preserves users' ability to earn rewards through crypto platforms and networks based on actual use cases. This progress is expected to move the "Clarity Act" toward a vote in the Senate Banking Committee, further clarifying the regulatory responsibilities of the SEC and CFTC over crypto assets. (Bloomberg)