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StandX Founder: Forcing a Token Launch Goes Against Our Values; I Will Personally Contribute to the Airdrop

Odaily News: StandX co-founder and CEO Aaron Gong posted on X, stating: "Regarding this decision for StandX not to conduct a TGE, I want to be candid with everyone. Without external capital backing, our TVL reached a peak of $200 million. The team has achieved commendable results, but we still fell short of our expectation of entering the industry's top three. Based on the project's current fundamentals, we could indeed proceed with a token launch. But if we cannot deliver long-term value and instead profit through token issuance and short-term speculation, we would be leaving the cost to our users and community. That would be irresponsible both externally and internally, and it goes against my values. Most of our past revenue has already been distributed to users through SIP-2 / SIP-3 subsidies. For this airdrop, in addition to the surplus on the project's books, I will also contribute personally to give back as much as possible to the community that has supported us all along. All user funds are safe. We will ensure an orderly wind-down and clearly announce the specific arrangements for fund withdrawals, the airdrop, and the cessation of all services. Thank you to every user and team member. I regret that we could not reach the position we had hoped for. We will do our best to finish things properly."

U.S. SEC Chair: Advancing 24-Hour U.S. Stock Trading; Tokenization May Facilitate Real-Time Inventory Management

US SEC Chair Paul S. Atkins released remarks from a roundtable meeting, noting that the SEC is advancing preparations to expand 24-hour trading for the U.S. stock market. Extending trading hours is expected to enable investors to respond more swiftly to market events, broaden global market participation, and enhance liquidity. Mr. Atkins pointed out that the DTCC has already deployed its 23x5 trade capture system to support clearing and settlement. The industry has also established overnight price ranges and risk control requirements for relevant trading centers. The Security Information Processor (SIP) is currently preparing for overnight price dissemination, while tokenization is anticipated to help the securities industry achieve real-time inventory management, improve efficiency, reduce settlement failures, and lower naked short selling risks.

Stacks Ecosystem Q1 2026: sBTC TVL Reaches $545 Million; Zest Protocol TVL Rises to $75.9 Million

Stacks Releases Q1 2026 Ecosystem Metrics: sBTC Total Value Locked (TVL) Reaches $545 Million, and Deposit Caps Have Been Fully Removed; Decentralized Finance (DeFi) Active Deployed Capital on the Stacks Protocol Stands at $121 Million—Zest Protocol TVL Accounts for $75.9 Million, Granite $26 Million, and StackingDAO $20 Million. During the Same Period, the Bitcoin Staking Pilot Product Dual Stacking App Attracted Over $100 Million in Participating Capital. On the Infrastructure Front, Integrations with Fireblocks, BitGo, Circle, and Nansen Are Now Live. Regarding Network Upgrades, Stacks Completed Version 3.3.0.0.6 in March 2026, and SIP-034 Enhancements Increased Network Capacity by up to 30x.