News linked to both this project and an event.
market analysts have pointed out that if Elon Musk's proposed merger between SpaceX and Tesla proceeds, SpaceX may need to issue new shares equivalent to 94% of its current outstanding shares to acquire Tesla, increasing the total share count to approximately 8 billion. However, the financial logic of the transaction faces challenges. Tesla's GAAP net profit over the past 12 months has dropped from $15 billion in 2023 to $3.9 billion. After excluding regulatory credit revenue and Bitcoin gains, its core operating profit stands at only about $2.3 billion.Analysts believe that this transaction may essentially be an attempt to use a high-valuation asset to acquire another similarly overvalued company, leaving significant uncertainty regarding its long-term profitability and cash flow performance. The combined company's valuation could reach $3.4 trillion, with SpaceX estimated at $1.75 trillion and Tesla's current market cap around $1.65 trillion. Musk may be leveraging the high valuation from SpaceX's impending IPO to support Tesla, which is under earnings pressure. (Fortune)
: STRC once fell to $97.11, then rebounded and closed at $98.57. Attention is being paid to Strategy's ability to continue using this preferred security as a financing tool through ATM issuance.After repurchasing $1.5 billion in convertible debt, Strategy's cash reserves dropped to approximately $871 million, only covering about six months of its estimated $1.7 billion annual preferred dividend obligations. Strive's perpetual preferred security SATA remains near its $100 par value, supported by an approximately 13% dividend yield and the company's plan to launch daily dividend payments.
Cash App, the payment application from Block, now allows users to send and receive Circle-issued USDC stablecoins on Ethereum, Solana, Polygon, and Arbitrum. These transfers are currently fee-free. USDC stablecoins received via Cash App are automatically converted into U.S. dollar balances. This feature is not yet available to customers in New York State. Users must complete identity verification and are subject to transaction limits. Block has previously focused primarily on Bitcoin, including the development of mining hardware and the self-custody wallet BitKey. Earlier this year, Jack Dorsey described stablecoins as “moving from one gatekeeper to another,” while acknowledging the growing customer demand.
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
According to The Defiant, the Ethereum Foundation’s Kohaku Initiative has released an SDK for integrating privacy protocols into Ethereum wallets. A functional 4337 mempool relay supporting private transactions is now available in version v0.0.1-alpha.21 of the kohaku-eth/railgun integration. This SDK aims to integrate shielded-pool protocols—such as Railgun, Tornado Cash, and Privacy Pools—directly into wallet interfaces, reducing reliance on centralized relay infrastructure. Kohaku has also demonstrated a CLI-based wallet and is advancing integration with production-grade wallets like Ambire, while simultaneously developing post-quantum accounts, multisig support, and hardware wallet compatibility.
the deliberation of the "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) has commenced in the U.S. Senate Banking Committee. As of now:1. An amendment proposed by Senator Mike Rounds to create an AI regulatory sandbox was passed with 15 votes in favor and 9 against, indicating some bipartisan support, despite Senator Elizabeth Warren urging Democratic members to vote against it.2. An amendment proposed by Elizabeth Warren, aimed at "preventing high-risk assets from entering retirement accounts," was rejected with 11 votes in favor and 13 against.3. An amendment previously proposed by Senator Katie Britt of Alabama, which would have allowed certain retirement accounts to invest in pooled investment vehicles, was withdrawn before the vote.It is reported that one of the most contentious amendments comes from Elizabeth Warren, concerning the strengthening of sanctions authority over cryptocurrency mixers. In her remarks, she referenced the U.S.-sanctioned mixing protocol Tornado Cash, stating it has been used to launder over $7 billion for criminal organizations and North Korean hacker groups, including over $450 million in related funds. Warren argued that the current bill does not grant the U.S. Treasury Department sufficient legal authority to isolate or restrict mixer services, potentially creating loopholes in anti-money laundering oversight. In response, Cynthia Lummis countered that the illegal financial activities are already covered in Parts Two and Three of the bill.
Odaily News: Crypto In America journalist Eleanor Terrett posted on X platform, stating that Tornado Cash became the focus of the day's hearing, with lawmakers debating whether the bill provides law enforcement with sufficient tools to combat money laundering.Senator Warren told Kennedy: "This is the Tornado problem... Do you remember Tornado, that mixer? What is Tornado used for? If you're a terrorist, you put your money in!" Republican lawmakers argued that the Clarity Act provides tools to address this issue, while Warren stated the bill is insufficient. Other Democrats joined her in voting to support the inclusion of the amendment. The amendment did not pass.
According to GlobeNewswire, Exodus, a cryptocurrency wallet service provider, has announced the launch of XO Cash—a stablecoin built on Solana and designed for AI Agents and the Agentic Economy—as well as the simultaneous release of the AgentKit developer toolkit. With XO Cash, developers can create standalone wallets for AI Agents via a single API call; Agents can then make payments directly using their Exodus Pay balances, without needing to hold or manage tokens themselves.
According to Bitwise’s official announcement, Bitwise and Superstate have jointly launched the Bitwise Crypto Carry Fund (ticker: USCC), Bitwise’s first tokenized fund. The fund generates returns for investors by capturing the basis between spot and futures prices of BTC, ETH, XRP, and SOL—the so-called “cash-and-carry” strategy. As of April 30, 2026, its assets under management (AUM) exceeded $267 million. Effective June 1, 2026, Superstate will formally transfer management of the fund to Bitwise. During the transition period, existing investors will be unaffected. The fund’s name will be updated to the Bitwise Crypto Carry Fund, while its ticker symbol (USCC), smart contract, and token address will remain unchanged. Superstate will continue to provide on-chain infrastructure support via its FundOS platform, including tokenized issuance and digital transfer agency services.
According to monitoring by on-chain analyst Specter, the Wasabi Protocol attacker has deposited all stolen funds into Tornado Cash, moving approximately $5.9 million into Tornado Cash. Additionally, North Korean hacking groups have also used Tornado Cash to launder stolen funds from KelpDAO and LayerZero. Their process involved first cross-chaining the assets to Bitcoin, then routing them through Wasabi Mixer, extracting and cross-chaining back to Ethereum, depositing into Tornado Cash, subsequently withdrawing to new wallets and dispersing across multiple addresses. The new wallets then deployed tokens, used the stolen funds to buy in, removed liquidity from the deployment wallet, cross-chained to Tron (USDT), held for several hours or days, and finally sent to OTC-related wallets.
: According to market sources, billionaire Jack Dorsey's crypto finance app platform Cash App officially launched a Bitcoin reserve proof feature this week, verifying to over 60 million users that its Bitcoin holdings are fully backed with 1:1 reserves. Market observers believe this move represents a significant step forward for the crypto industry in terms of transparency, user trust, and self-custody standards, and is also seen as a positive signal promoting the long-term healthy development of the sector. (The Bitcoin Historian)
According to Cointelegraph, Stable Sea, an enterprise treasury management platform, has integrated WisdomTree’s tokenized U.S. Treasury money market fund WTGXX onto its platform, enabling corporate clients to allocate idle funds into the fund to generate returns. As of April 28, WTGXX’s total assets under management stood at $857.6 million, with a daily yield of 3.43%. WTGXX primarily invests in short-term U.S. Treasury securities; its shares are recorded on-chain, supporting faster settlement and automated trading. Stable Sea’s core functionality automatically sweeps corporate cash balances into yield-bearing instruments—and this integration extends that capability to tokenized funds. Clients remain subject to standard compliance review processes. Tokenized money market funds are now accelerating institutional adoption. WisdomTree has received SEC approval for 24/7 trading of WTGXX; Franklin Templeton is collaborating with Binance to promote tokenized fund shares as over-the-counter (OTC) collateral; and Standard Chartered has launched a framework enabling BlackRock’s tokenized Treasury fund to serve as collateral for trading on OKX.
According to an official disclosure by ZetaChain, on April 27, ZetaChain suffered a targeted vulnerability exploit. The attacker first acquired funds via Tornado Cash and performed wallet address spoofing, then exploited a vulnerability in GatewayEVM’s arbitrary call functionality, resulting in approximately $334,000 in losses across four connected chains. ZetaChain stated that this attack did not affect cross-chain $ZETA transfers; all affected wallets were under ZetaChain’s internal control, and user funds remained unaffected. A patch for the mainnet has now been deployed, and cross-chain transactions will resume after ongoing monitoring.
According to an official announcement, Block has launched a new Bitkey hardware wallet featuring a secure touchscreen. Additionally, Cash App now supports automatic conversion of received peer-to-peer payments into Bitcoin, and users can earn 5% Bitcoin cashback when spending at Square merchants. Block has also implemented Proof of Reserves for its corporate Bitcoin treasury holdings as well as for Bitcoin holdings of Cash App and Square customers—enabling independent on-chain signature verification. Furthermore, Block will showcase Square’s NFC-based Bitcoin tap-to-pay solution at Bitcoin Las Vegas 2026 and advance the development of its Proto Bitcoin mining product suite.
Bitcoin developer Paul Sztorc has announced the official launch of the Bitcoin hard fork network eCash in August this year. BTC holders will be able to exchange BTC for eCash at a 1:1 ratio after the hard fork goes live. It is reported that the Layer1 node software of the network will be a "near copy" of the Bitcoin Core client, continuing to use the SHA-256 hashing algorithm, with a reduced initial mining difficulty to attract more miners to participate. Additionally, eCash will be equipped with seven Layer2 scaling networks called "drivechains" to increase transaction throughput and support optional on-chain privacy features.Paul Sztorc stated that eCash differs from Bitcoin Cash in 2017, as it will no longer use the "Bitcoin" branding, positioning it as a long-term solution to Bitcoin's scalability and privacy issues. However, his proposal to manually redistribute a portion of Satoshi Nakamoto's approximately 1.1 million BTC to early investors has sparked strong controversy within the community. Some Bitcoin supporters criticize the move as potentially constituting "theft" and undermining Bitcoin's principles. (Cointelegraph)
On-chain investigator ZachXBT updated that funds related to the KelpDAO attack have begun moving: approximately $1.5 million has been cross-chained from Ethereum Mainnet to the Bitcoin network via Thorchain, and roughly $78,000 has been transferred via Umbra. The attacking address initially sourced its funds from Tornado Cash, and fund laundering and cross-chain transfers are ongoing.
According to Cointelegraph, stablecoin issuer Circle faces a class-action lawsuit in the U.S. District Court for the District of Massachusetts for failing to freeze stolen funds during the Drift Protocol hack on April 1. Plaintiffs allege that attackers transferred approximately $230 million worth of USDC from Solana to Ethereum via Circle’s cross-chain transfer protocol (CCTP) within hours—and that Circle failed to intervene. The lawsuit accuses Circle of aiding and abetting conversion and of negligence. Cryptocurrency analytics firm Elliptic previously suspected the attack may be linked to North Korea–backed hackers; the stolen funds were subsequently converted into ETH and laundered through Tornado Cash.
Rakuten Wallet, the cryptocurrency trading and management platform operated by Japan’s renowned e-commerce group Rakuten, will officially list XRP as both a tradable asset and a payment method on April 15, 2026. At that time, users will be able to directly purchase XRP using Rakuten Points and deposit XRP into Rakuten Cash for spending at over 5 million merchants across Japan. With 44 million users, Rakuten Pay—Japan’s leading e-commerce payment platform—will expose XRP to a massive non-crypto user base. Users can also directly exchange over 3 trillion Rakuten Points (approximately USD $23 billion) for XRP. Rakuten boasts over 100 million members and achieves annual e-commerce gross merchandise value (GMV) of JPY 5.6 trillion; XRP will thus become a spendable, interoperable digital asset within the Rakuten ecosystem.