News linked to both this project and an event.
the Israel Capital Market Authority has approved Bits of Gold to issue the country's first shekel-pegged stablecoin, BILS. The token is a regulated asset launched by Bits of Gold after a two-year evaluation and pilot program, with support from the Solana network, Fireblocks, and Ernst & Young. Bits of Gold stated that bringing the shekel on-chain aims to position it alongside currencies such as the euro, the Japanese yen, and the Singapore dollar, which have already entered the blockchain financial system. Currently, the stablecoin market size has exceeded $300 billion. This issuance aims to address the dominance of dollar-pegged tokens in on-chain payments and safeguard digital sovereignty.
In response to the first customized commodity trade completed on the Kalshi platform, Kalshi CEO Tarek Mansour posted on X platform, "Historically, the bottleneck for institutional risk transfer has been liquidity. The bottleneck for liquidity is the lack of price benchmarks for each type of relevant risk (e.g., WTI for oil). Kalshi has built a large community of top global superforecasters who rank among the world's best at pricing risk. This allows us to create price benchmarks for a broader range of issues faced by people and institutions. Institutions have already begun adopting these price benchmarks by integrating them into traditional asset pricing models. Although work remains, we are seeing rapid expansion in data use cases and integration.""The next phase is utilizing these price benchmarks to transfer risk via block trades and requests for quote (RFQ). This phase is still in its early stages but is beginning to take shape. The market size for risk transfer of non-traditional financial instruments is difficult to estimate. The closest references are the reinsurance market and the derivatives desks of banks: reinsurance is approximately $700 billion; insurance-linked securities and parametric insurance (such as catastrophe bonds) are around $120-135 billion; bank derivatives (structured products, dealer-to-dealer, exotics, etc.) are about $200-400 billion. The current market is roughly $1-1.5 trillion, but most of it is illiquid and traded over-the-counter (OTC, i.e., with a single counterparty). Whenever a major OTC market moves to exchange trading, the market grows significantly due to the establishment of price benchmarks, narrowing bid-ask spreads, the end of Wall Street elite's monopoly on access, and the entry of new participants. For example, interest rate swaps grew 10-15 times, stock options grew 20-30 times, and energy derivatives grew 5-8 times. The institutional use case for prediction markets could form a $10-15 trillion market, with even greater upside potential, depending on the extent to which it democratizes products currently exclusive to Wall Street."
in the Gate Prediction Market event concerning the "Second-Largest Company by the End of April," Alphabet's current probability has reached 99%, significantly领先 over other options such as Apple, NVIDIA, Microsoft, Amazon, Tesla, and Saudi Aramco, indicating a highly concentrated market expectation. In terms of related asset trading, Gate's Perpetual Contract Stock Section has listed several popular tech stock perpetual contracts, including GOOGLXUSDT, NVDAXUSDT, and TSLAXUSDT, providing users with diverse participation pathways from event assessment to asset trading.Meanwhile, the Gate Prediction Market has completed multiple functional upgrades: added a one-stop search and intelligent recommendation mechanism, supporting keyword quick retrieval and category browsing; enhanced historical billing and filtering functions, making fund flows clearer and more traceable; added a multi-level category and breaking news section on the homepage to help users efficiently capture hot opportunities; and expanded the sports market to include more derivative gameplay, enhancing strategic flexibility while lowering participation barriers.Currently, Gate's performance within the Polymarket partnership channel continues to improve, with its market share ranking among the top two in the industry. Users can access the prediction market directly through the Gate App, enter the Polymarket page via the Alpha feature on the platform's homepage, and use USDT in their exchange account to participate in event predictions. This integration marks a key step for Gate in merging the crypto trading ecosystem with the prediction market, offering users a diversified market experience from expectation assessment to trading participation.
According to Chainwire, Nasdaq-listed Republic Power Group Limited (“RPGL”) announced a definitive agreement to acquire a 10% equity stake in NVC Partners Limited and enter into a technology services and platform cooperation agreement with NVTH Limited and its affiliate NVTHK Limited, officially entering the real-world asset (RWA) tokenization and blockchain infrastructure market. Under the agreement, RPGL will gain access to RWA tokenization systems, secondary trading infrastructure, and related technology development, support, and maintenance services. The company stated that this move will accelerate its expansion into institutional-grade digital finance and capital markets solutions, leveraging its customer base in Singapore, Hong Kong, and Southeast Asia to drive real-world application deployment.
on Sunday that after the Department of Justice concluded its investigation into Powell, Republican Senator Thom Tillis dropped his opposition to Kevin Warsh's Federal Reserve Chair nomination confirmation process. The Senate Banking Committee ultimately voted 13 to 11 in favor of sending Kevin Warsh's nomination as Federal Reserve Chair to a full Senate vote. According to the official website of the U.S. Senate Banking Committee, the vote is scheduled for April 29th at 10:00 AM Eastern Time.On the same day, the Federal Open Market Committee will also announce its latest interest rate decision. Current Chair Jerome Powell will preside over his 63rd—and potentially final—press conference since taking the helm of the Federal Reserve eight years ago. Powell's term as Federal Reserve Chair expires on May 15th, but his term as a Board member runs until January 31, 2028. Whether Powell will also step down from the Federal Reserve Board of Governors has become a key focus for the market.
According to CoinDesk, Fidelity Digital Assets released its “Q2 Signals Report 2026” on April 28, noting that although the crypto market as a whole remained in consolidation during early Q2, several underlying metrics have already shown signs of stabilization. The report states that Bitcoin’s dominance continues to rise, capital is flowing steadily into the most liquid assets, and both the unrealized profit level and momentum indicators align with characteristics typical of a correction phase—potentially laying the groundwork for a more stable market structure going forward. Meanwhile, network usage for Ethereum and Solana has diverged from their respective price trends, suggesting robust demand at the protocol layer. The report also notes that Bitcoin futures continue to exhibit negative funding rates; research firm 10x interprets this as reflecting institutional structural hedging behavior—not a broad bearish signal.
According to The Block, Bernstein analysts stated in their latest report that the fundamentals of the crypto market are continuously improving. Bitcoin’s recent low of $60,000 has formed a clear bottom, and with the current price approaching $80,000, a longer-term structural bull market is likely, driven by institutional demand. Bernstein analyst Gautam Chhugani highlighted the following key drivers: • Ongoing expansion of institutional channels: Morgan Stanley’s Bitcoin ETF and Charles Schwab’s spot Bitcoin/Ethereum trading platform have both recently launched; approximately 60% of Bitcoin supply has remained unmoved for over one year, indicating a stabilizing holder structure; • Persistent accumulation by Strategy: Its STRC perpetual preferred stock product has attracted yield-oriented investors, and its current holdings stand at 818,334 BTC; • Stablecoin demand hits an all-time high: Stablecoin supply has surpassed $30 billion, decoupling from the crypto market’s price cycle and reflecting sustained real-world payment and settlement demand; • Tokenized real-world assets accelerating growth: Tokenized private credit and Treasury assets now total $34.5 billion, representing a 110% year-on-year increase. Bernstein also cautioned that quantum computing poses a long-term potential risk, though it expects the blockchain ecosystem to have ample time to complete the transition to post-quantum security.
According to Blockchain for Europe, the European Blockchain Association, together with Dr. Ulrich Bindseil, former Director General of Market Infrastructure and Payments at the European Central Bank, and Erwin Voloder, the Association’s Director of Research and Strategy, jointly released the report “Reforming MiCA to Support Euro Stablecoins” on April 27. The report acknowledges MiCA’s significance as a landmark regulatory framework, while also pointing out that certain design choices may place Europe in an unfavorable zone of the regulatory “Laffer curve”—overly stringent requirements could undermine the competitiveness of EU markets and drive related business activities outside the EU. To address this, the report puts forward a series of targeted, pragmatic reform proposals aimed at enabling MiCA to foster a more competitive, resilient, and globally influential euro stablecoin ecosystem. It further calls on policymakers, industry participants, and all stakeholders to actively engage in discussions to collectively advance the continuous refinement of the MiCA framework.
according to official sources, OKX Agent Trade Kit has launched the "Smart Money Signal Suite," which integrates the real-time positions, win rates, and profit/loss data of over 1,000 popular traders from OKX Star and packages them as signal tools callable by AI Agents. This suite supports long/short market analysis and allows for multi-dimensional analysis including capital weighting, trader screening, and signal quality evaluation. Additionally, the system can track trend changes and sentiment shifts, providing auxiliary support for trading decisions. These features have been integrated into the Agent Trade Kit, and users can access them after upgrading to the latest version.It is reported that OKX Agent Trade Kit is an open-source exchange MCP toolset designed for AI Agents and professional traders. It previously launched suites such as "Skill Square," "Market Screening and Open Interest Analysis," and "Sentiment Radar."
The Vietnamese government plans to launch a five-year cryptocurrency asset pilot program in Q2 2026, shifting previously offshore-dominated, unregulated crypto trading into an onshore, regulated market. Currently, Vietnamese traders’ annual cryptocurrency transaction volume stands at $22–23 billion, exceeding $600 million daily. The new pilot will only allow participation by locally registered institutions that meet stringent capital and compliance requirements, and all traded assets must be backed by real-world assets and settled in Vietnamese đồng (VND).
According to Cointelegraph, Brazilian authorities have announced the blocking of 27 prediction market platforms, including Kalshi, Polymarket, PredictIt, Robinhood’s prediction feature, and Fanatics Markets. The ban is led by the Ministry of Finance and enforced by the National Telecommunications Agency (Anatel), based on Resolution No. 5,298 issued by Brazil’s National Monetary Council (CMN) on April 25, and will officially take effect in early May. The new regulation explicitly prohibits prediction contracts tied to sports, politics, entertainment, or social events, deeming them closer in nature to gambling than financial investment; only contracts linked to economic indicators—such as inflation, interest rates, exchange rates, and commodity prices—are permitted. Dario Durigan, Executive Secretary of the Ministry of Finance, stated that prediction markets could exacerbate debt burdens for households and small- and medium-sized enterprises, posing financial risks. Similar restrictions have already been adopted by several countries, including France, Belgium, and the Netherlands.
The People’s Bank of China, the Ministry of Industry and Information Technology, the State Administration for Market Regulation, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the China National Intellectual Property Administration, the Cyberspace Administration of China, and the State Administration of Foreign Exchange jointly issued the “Measures for the Online Marketing of Financial Products,” which will take effect on September 30, 2026. The Measures clarify that, except for financial institutions and third-party internet platforms lawfully entrusted by them, no other organizations or individuals may engage in online marketing of financial products; no institution or individual may provide online marketing services or facilitation for illegal financial activities, and explicitly include virtual currency issuance and trading, illegal foreign exchange margin trading, and other activities within the scope of illegal financial activities.
Bitget has announced a strategic partnership with Market Prophit, a crypto data intelligence platform, to jointly launch an AI-powered social trading tool. Built on Market Prophit’s AI engine, this feature scans massive real-time data from X (formerly Twitter), and assigns comprehensive scores to relevant accounts based on their historical market prediction performance—enabling users to more efficiently identify high-quality trading signals and execute strategies directly on the platform.
Stani Kulechov, founder and CEO of Aave, disclosed that he personally contributed 5,000 ETH to DeFi United and stated that he is actively working with partners to secure additional funding commitments. His goal is to resolve the current issues as soon as possible and restore normal market conditions. Stani emphasized that Aave is his life’s work and that the team is fully committed to identifying the best possible solution for users.
According to on-chain analyst Ai Aunt (@ai9684xtpa), Wang Chun, co-founder of F2Pool, stated this morning at 07:21 that he sold 83.7 million SPK tokens last year and is now “somewhat regretful.” Subsequently, Upbit officially announced the listing of SPK at 10:20, and Spark announced at 20:06 that the total staked SPK supply had exceeded 500 million tokens. Market data shows SPK surged up to 73% within 24 hours and topped Binance’s gainers list.
Odaily News: New York State Governor Kathy Hochul signed an executive order on Wednesday prohibiting state government employees from using non-public information to trade in prediction markets or assisting others in profiting from it. This move aims to address growing concerns over "insider betting" in prediction markets.According to the executive order, all government officials appointed by the governor or under her jurisdiction, as well as members of public agencies, are prohibited from using any non-public information obtained in the course of their duties to seek profits or avoid losses in prediction markets or similar services. They are also barred from assisting others in such activities. The governor mentioned in the document that the current "rapid expansion of prediction markets" has drawn regulatory attention.The day before, Illinois Governor JB Pritzker also issued a similar executive order, banning state government personnel from using non-public information to participate in prediction market betting.Meanwhile, prediction market platform Kalshi disclosed that it has launched investigations into three insider trading cases involving candidates and has imposed fines and trading suspensions on the relevant individuals. One of those penalized is Mark Moran, a candidate in the Virginia State Senate Democratic primary, who was penalized for betting on his own campaign and stated he "hoped to be caught."
Odaily News Aave provided an update on the rsETH incident via the X platform, stating that the WETH reserve on the Ethereum Core V3 market has been unfrozen. Users can now supply WETH again, although its Loan-to-Value (LTV) ratio remains set at 0.Meanwhile, the WETH reserves on the Ethereum Prime, Arbitrum, Base, Mantle, and Linea networks are still frozen. Aave stated that the relevant service providers will continue to advance subsequent handling and will provide synchronized updates on the progress.
Bybit has announced that, building on its February USDC futures fee optimization initiative, it has further introduced trading fee discounts for both retail and VIP users, while enhancing market maker incentives to comprehensively improve USDC market liquidity and trading experience. From now until June 30, 2026, retail and VIP users can enjoy up to a 50% discount on trading fees, and the weighting factor for USDC market makers has been increased to 8x.
Odaily News, Spark's strategy lead monetsupply.eth posted on X, stating that as the stablecoin market begins to face a liquidity shortage, the situation is entering a more dangerous phase, in my opinion. Approximately 16.5% of the ETH market is backed by rsETH. If losses on rsETH-backed loans are shared across the mainnet and external chains, they could face a 10% to 15% cut in emode, with the remaining 2% to 3% cut left for ETH suppliers to flatten the umbrella structure. ETH suppliers naturally tend to exit as soon as possible to avoid this risk, so utilization is locked at 100%, and the borrowing rate is insufficient to incentivize the repayment of unrelated LST loops (wstETH, weETH) to release liquidity. Since ETH cannot be withdrawn, users who borrowed stablecoins like USDT using ETH as collateral cannot close their positions even when stablecoin borrowing rates rise, which cuts off the typical incentive mechanisms that maintain market health. Currently, there are two unhealthy incentives causing market utilization to be locked at 100%:1) ETH holders cannot close positions to maintain a healthy LTV, and liquidators cannot atomically withdraw or sell collateral. A drop in the ETHUSD price could lead to bad debt.2) Users supplying USDT, in order to exit their holdings, tend to maximize borrowing of other stablecoins. This position is currently generating positive yield (temporarily), so the exit cost is low; if conditions worsen, they can recover at least 75% of the position's value.The bottom line is that for these pooled/restaking lending markets to function properly, liquidity must be maintained at all costs. The recent weakening of the slope2 for Aave's maximum borrowing rate is having a negative impact and significantly increasing the risk of cascading market failure.
According to monitoring by the Odaily Seer Channel, a new market has been launched on Polymarket: "Will Trump rename the Strait of Hormuz to 'Trump Strait' by May 31st?" The current probability for "Yes" is temporarily reported at 6%, having dropped 31% in the past 24 hours. The total betting volume for this event currently exceeds $47,000.The contract rules for this event are as follows: The market will resolve to "Yes" if Donald Trump publicly announces that the United States will formally refer to the Strait of Hormuz as "Trump Strait" or "Trump Straits" or any equivalent name containing "Trump" by 11:59 PM Eastern Time on May 31, 2026. Otherwise, the market will resolve to "No". The primary resolution source will be official communications from Donald Trump, but consensus from credible reporting may also be used.The Odaily Seer Channel continues to monitor prediction markets, seeing changes before they are priced in.