News linked to both this project and an event.
Odaily Odaily News The United States and Iran may be nearing a temporary agreement. Several core demands previously put forward by the U.S., such as Iran suspending nuclear activities, limiting its missile program, and ceasing support for so-called “regional proxies,” were not included in the draft agreement.This still-pending agreement is centered on a short-term memorandum of just one page, rather than a comprehensive peace deal. This reflects the deep divisions between the two sides and also indicates that the agreement is only a transitional step. Informed officials say Iran is reviewing this draft agreement, which aims to stop hostilities but leaves the most contentious issues for later resolution.According to sources and officials, the agreement would consist of three phases: first, a formal end to hostilities; second, a resolution of the crisis in the Strait of Hormuz; and finally, a 30-day window for negotiations aimed at reaching a broader agreement. The agreement fails to address key U.S. demands such as Iran suspending nuclear activities and reopening the Strait of Hormuz. Furthermore, the agreement does not mention several other demands that the U.S. had proposed but Iran rejected, such as limiting Iran's missile program and requiring Iran to cease its support for so-called “proxy forces” like Hezbollah in Lebanon. (Xinhua News Agency)
Ethena officially released an arbitrage analysis on the perpetual contract market for gold tokens (PAXG, XAUT) on X. Data shows that over the past twelve months, the annualized funding rate for PAXG was 5.8%, and for XAUT it was 12.4%, both significantly higher than the average levels for BTC and ETH over the same period (5.2% and 4.1%, respectively). The daily volatility of gold funding rates is higher than that of cryptocurrencies, due to the smaller trading volume in the gold market. However, gold funding rates are positive 82% to 89% of the time, which is generally consistent with BTC (88%) and ETH (85%).Furthermore, Ethena stated that the funding rates for gold and cryptocurrencies are almost uncorrelated; when cryptocurrency funding rates are compressed, gold funding rates tend to remain stable or rise. Therefore, incorporating gold perpetual contracts into a spot-futures arbitrage portfolio (holding both spot positions and equivalent short positions) will improve yield levels and reduce yield volatility.
Odaily Odaily Tether AI Research Group has released a new generation of medical AI model QVAC MedPsy, which is designed to run locally on low-power hardware such as smartphones and wearable devices, without relying on cloud servers. Simultaneously, it outperforms several larger state-of-the-art (SOTA) models across multiple medical benchmarks.Official data shows that the 1.7 billion parameter version of QVAC MedPsy achieved an average score of 62.62 on seven closed-set medical benchmarks, surpassing Google's MedGemma-1.5-4B-it by 11.42 points, despite having fewer than half the parameters. In real-world clinical tests like HealthBench Hard, this model even outperformed MedGemma 27B, which has nearly 16 times more parameters.Furthermore, the 4 billion parameter version achieved an average score of 70.54, surpassing several large models nearly 7 times its size in multiple medical reasoning evaluations. Tether stated that the model achieves "small model, high performance" through post-training medical reasoning optimization, reinforcement learning, and training on high-quality medical data.Compared to traditional cloud-based AI architectures, QVAC MedPsy also significantly reduces inference costs. Its 4 billion parameter version generates approximately 909 tokens on average, far fewer than the 2953 tokens of comparable systems, enabling lower latency and lower computational costs. The model also offers a GGUF quantized version suitable for local deployment on mobile and edge devices.Paolo Ardoino stated that the core goal of this model is to improve model efficiency, rather than simply increasing parameter scale, enabling medical AI to run directly on hospital local systems or terminal devices, thus avoiding uploading sensitive medical data to the cloud.
According to foreign media reports, the U.S. Pentagon has awarded Scale AI, a company backed by Meta Platforms (META.O), a contract worth $500 million to assist with data processing and decision-making support. This marks the latest move by the U.S. military to further rely on artificial intelligence. The value of this agreement is five times that of the $100 million contract the company secured in September 2025. Dan Tadross, head of Scale AI's public sector business, stated in an interview that the Pentagon had "pushed the original contract to its limits." Tadross added, "I believe this contract overall demonstrates the department's strong desire to adopt this technology." Furthermore, the San Francisco-based company is also involved in the Defense Innovation Unit (DIU)'s "Thunderforge" program, which aims to integrate AI into military planning and operations, as well as Trump's "Golden Dome" homeland defense architecture.
Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI (about 42 million USD) previously lent to delegates and foundations. The voting period concludes on May 8, with approximately 53% in favor, 46% abstaining, and minimal opposition votes.Between 2022 and 2023, the DAO had lent out these governance tokens to enhance governance participation. Uniswap Labs states that governance activity has now significantly improved, with average voting participation reaching approximately 75 million votes, indicating that the relevant mechanism has achieved its intended effect.This retrieval also aims to address incentive misalignment issues—some delegates wielded considerable voting power without having their own economic exposure. Simultaneously, this move is seen as a response to external scrutiny regarding the degree of governance decentralization.Furthermore, the Uniswap ecosystem has recently advanced reforms including fee mechanisms, token buyback and burn, and governance structure optimization to further enhance governance transparency and decentralization levels.
: South Korea's crypto industry has expressed strong concerns over proposed amendments to anti-money laundering (AML) regulations, arguing that the rules could impose excessive compliance burdens on Virtual Asset Service Providers (VASPs).According to Yonhap News Agency, the Digital Asset eXchange Alliance (DAXA), representing 27 VASPs including Upbit, Bithumb, Coinone, Korbit, and Gopax, submitted comments opposing the classification of all overseas virtual asset transfers exceeding 10 million won (approximately $6,800) as suspicious transaction reports.DAXA warned that this rule could cause the number of suspicious transaction reports from South Korea's top five exchanges to skyrocket from approximately 63,000 last year to over 5.4 million—an increase of about 85 times—severely impacting the efficiency of actual compliance execution. Furthermore, the industry also opposes a new obligation requiring exchanges to verify the accuracy of customer information, arguing it exceeds the scope of current legal authorization.South Korea's Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) proposed the relevant amendments on March 30, which have now entered a public comment period, with final deliberation expected to be completed in July.Meanwhile, legal disputes between Korean exchanges and regulators over AML penalties continue. Multiple platforms are challenging previous business restrictions and fines through the courts, reflecting an escalating tension between regulatory tightening and the industry's execution capabilities. (Cointelegraph)
According to an official announcement, Upbit and Bithumb have stated that member companies of the Korea Digital Asset Exchange Association (DAXA) plan to terminate trading support for DRIFT. The reason for terminating DRIFT trading is that the foundation’s explanatory materials alone are insufficient to alleviate concerns that led to the project’s inclusion on the “Trading Caution List.” Furthermore, after a comprehensive review of all aspects related to the project’s progress, it was determined that the project fails to meet the criteria required to maintain trading support. DRIFT trading (buy/sell) will end on June 1, 2026, at 16:00 KST. Support for DRIFT withdrawals will be terminated on July 1, 2026, at 16:00 KST.
gaming-focused blockchain Ronin has announced its migration to an Ethereum Layer 2 network on May 12. The underlying architecture will utilize the OP Stack and integrate EigenDA as the data availability layer. Chain operations are expected to be paused for approximately 10 hours during the migration. The team advises users to unstake their RON in advance or allow the system to handle it automatically after the migration is complete.Following the upgrade, RON's annual inflation rate is projected to decrease from over 20% to less than 1%. Additionally, the treasury will gain new revenue streams from staking rewards, Sequencer net profits, and Marketplace fees. Furthermore, Ronin has introduced a "proof of allocation" incentive mechanism based on "Builder Score," distributing RON rewards to ecosystem builders on a monthly basis.
CFTC Chairman Mike Selig, in an interview with CoinDesk, stated that the CFTC is developing tools leveraging AI to review registration applications for the U.S. crypto market and monitor trading activity. Mike Selig noted that due to federal government layoffs, which have reduced the agency's workforce by more than one-fifth, AI and automation technologies will be used to fill the manpower gap and improve the efficiency of document review. Currently, his employees are undergoing training on Microsoft Copilot, while the agency is also developing internal tools for reviewing swaps data and market surveillance.Furthermore, Mike Selig stated that the digital asset classification guide jointly released by the CFTC and the SEC is the most important initiative during his tenure, aimed at providing regulatory clarity for market participants. Regarding prediction markets, Mike Selig reiterated the CFTC's exclusive jurisdiction and emphasized that strict enforcement actions will be taken against violations such as insider trading.
Bitget has launched Season 3 of the CFD King Battle, featuring a total prize pool of 80,000 USDT. This event includes three main sections: a Blind Box Zone, a Points Arena, and a Ranking Arena. During the event, both new and existing users can earn blind box rewards by completing designated CFD trading tasks daily, and have the chance to draw USDT cash vouchers. The prize pool has a 100% winning rate and operates on a "first come, first served" basis.Furthermore, users who trade specific currency pairs can participate in the Points Arena and Ranking Arena, with top individual prizes reaching up to 3,000 USDT. After the event concludes, the top 100 users by trading volume will also receive a random amount of CFD credit bonus package. The event runs from April 27 to May 22. For more details, please refer to the official Bitget platform.
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.
discussions regarding the potential threat of quantum computing to Bitcoin's security have been reignited. Analyst James Check points out that while quantum computing could theoretically crack elliptic curve signatures, its market impact may be overestimated.Data shows that approximately 1.7 million BTC (about $145 billion) are stored in early "Satoshi-era" addresses. If private keys were compromised, this could create potential selling pressure. However, from a market liquidity perspective, this scale is not insurmountable: in a bull market, long-term holders typically sell between 10,000 and 30,000 BTC daily. This means the aforementioned volume is equivalent to 2 to 3 months of routine profit-taking.Additionally, the average monthly exchange inflow is about 850,000 BTC, and the notional trading volume in the derivatives market can cover this amount within just a few days. Historical data shows that during the most recent bear market, over 2.3 million BTC changed hands in a single quarter, far exceeding the scale of the potential "quantum risk," yet it did not trigger a systemic collapse.Analysis suggests that even with a concentrated release, it is more likely to cause periodic volatility rather than a structural shock. Furthermore, entities capable of acquiring such assets are more inclined to adopt strategies like phased selling and hedging to mitigate market impact.Overall, the core issue of the "quantum threat" may not be the selling pressure itself, but rather the governance-level response—such as whether to restrict the movement of assets from affected addresses through a protocol upgrade. (CoinDesk)
Odaily News: Zixuan Li, Product Lead at Zhipu, posted on the X platform stating that OpenClaw, Hermes, and SillyTavern have been explicitly marked as projects supported by the GLM Coding Plan. Other general-purpose tools will be analyzed on a case-by-case basis. Furthermore, Zixuan Li reminded users not to share accounts or use subscriptions as APIs. If users encounter error 1313 while complying with the rules, they can contact the official team for feedback.
Odaily News: The UK Financial Conduct Authority (FCA), in collaboration with HM Revenue & Customs and the South West Regional Organised Crime Unit, recently conducted raids on eight locations across the UK suspected of engaging in illegal P2P cryptocurrency trading. Officials issued prohibition orders on-site, requiring the operators to cease activities immediately and gathered relevant evidence. The UK FCA pointed out that currently, no P2P cryptocurrency traders or platforms are registered with the regulator in the UK. Furthermore, in the recent multi-agency Operation Atlantic, law enforcement agencies froze $12 million in assets linked to cryptocurrency scams and traced over $45 million in stolen cryptocurrency. The UK FCA has now launched a consultation on its guidelines for the cryptocurrency regulatory framework set to take effect in 2027.
According to official news, the subscription scale for the Gate Pre-IPOs project SpaceX (SPCX) has exceeded $300 million. The subscription channel remains open. This product supports participation with both USDT and GUSD. After the subscription is completed, SPCX asset certificates will enter the pre-market trading market with a 100% unlocked form.Furthermore, for new subscription users, they can enjoy up to an additional 200% annualized yield in the Yu'ebao (surplus coin treasure). Users who choose GUSD to participate in the subscription can enjoy an additional 2.9% minting yield. VIP 5 and above users and super agents are receiving additional airdrop rewards, continuously enhancing the overall participation yield potential.
Bitcoin Core officially announced the release of Bitcoin Core v31.0. This version includes several underlying updates and improvements, primarily: upgrading the GUI framework to Qt 6.8; increasing the default database cache from 450 MiB to 1024 MiB on systems with more than 4 GB of RAM; and adding support for the `-privatebroadcast` option to enable private transaction broadcasting. Additionally, to prevent fee estimation errors, the `-paytxfee` startup option—which previously allowed setting a static transaction fee—has been completely removed; users must now rely on automatic fee estimation or specify a fee rate per transaction. Furthermore, the new version applies privacy and security filtering to commands used during wallet recovery and migration.
Odaily News Grayscale has updated its ETF application document linked to Hyperliquid, changing the custodian to Anchorage Digital Bank, replacing Coinbase which previously served as the prime broker and custodian.This adjustment has garnered significant attention, as Coinbase has long dominated the crypto ETF custody space. Currently, almost all U.S. spot Bitcoin ETFs (except Fidelity's) rely on its custody services.The filing shows that The Bank of New York Mellon will continue to serve as the transfer agent for this ETF (proposed ticker GHYP). The fund's staking functionality still requires regulatory approval and will utilize CoinDesk's Hyperliquid benchmark pricing data.Furthermore, Anchorage Digital Bank, as the first federally chartered crypto bank in the U.S., has been continuously expanding its institutional service capabilities in recent years, including areas such as stablecoins, wealth management, and token lifecycle management. (The Block)
Odaily News: Sonic Labs co-founder and Flying Tulip founder Andre Cronje posted on platform X, stating that his team is continuing to investigate the L0/rsETH incident. Preliminary reports indicate that approximately $200 million worth of rsETH was stolen, possibly due to a private key leak or configuration error. The related assets were subsequently deposited into Aave as collateral to borrow ETH (due to insufficient rsETH liquidity).Andre Cronje pointed out that the affected positions are technically still overcollateralized. However, if bad debt occurs, Aave's token mechanism and Safety Module will serve as the first line of defense to absorb the risk. Nevertheless, Aave has no mechanism to subsidize user losses, as doing so could trigger a bank run. Currently, Aave holds approximately $7 billion in ETH with an outstanding borrowing amount of around $100 million, so the overall impact of this incident is limited. Furthermore, prioritizing user liquidity, Flying Tulip has withdrawn all its ETH from Aave to its fund management wrapper contract. This action was taken because Aave's available liquidity had fallen below its set minimum threshold.
Odaily News World has launched the most significant upgrade to its World ID protocol to date, covering approximately 18 million Orb-verified users and expanding into multiple application scenarios including social networking, conferencing, and ticketing.This upgrade introduces several new features, including multi-key support, key rotation, account recovery, and session management. It also launches the standalone World ID app, serving as the entry point for user identity authentication and authorization management.On the application front, Tinder has integrated a "Verified Human Badge" to identify real users; Zoom has rolled out a "Deep Face" feature to detect AI-generated deepfakes in video calls; and a ticketing tool called Concert Kit has also been introduced.Furthermore, platforms such as Reddit, Razer, and Mythical Games are also exploring or integrating this system.World has proposed the concept of "human continuity," emphasizing not only the verification of user identity but also ensuring the consistency of the same real individual across different scenarios. Industry observers believe this direction could become crucial infrastructure for combating AI-generated deepfakes.
According to the official Tokyo Metropolitan Government (TMG) guidelines, the “Subsidy Program for Promoting Societal Implementation of Stablecoins” will officially take effect on April 15, 2026. This program provides subsidies to businesses developing use cases for Japanese yen–denominated stablecoins (SC) within Tokyo Metropolis. The maximum subsidy amount is ¥40 million, and the subsidy covers up to two-thirds of the eligible expenses incurred by the recipient. Applicants must meet the following criteria: - Maintain a registered head office or branch office within Tokyo Metropolis; - Hold the legally required licenses or have completed mandatory registration; - Not have received commissions or financial support from the national government or other local governments in the same fiscal year; - Have no affiliation with anti-social forces; - Have no outstanding tax arrears or similar violations. Eligible expenses include external platform usage fees, professional consulting and auditing fees, and system development costs—but exclude consumption tax and funds allocated for backing assets of the stablecoin. Recipients are selected by the Governor through an open recruitment process and subsequent review by a screening committee. Review criteria remain confidential, and review outcomes are not subject to appeal or objection. Furthermore, should a recipient fail to deliver tangible stablecoin use cases or obtain the subsidy through fraudulent or improper means, the Governor reserves the right to rescind the subsidy decision and demand full repayment. Late repayments incur default surcharges and late-payment penalties at an annual interest rate of 10.95%.