News linked to both this project and an event.
Bitget has announced the launch of its new Bitget AI landing page, further showcasing its product strategy for the AI-powered trading ecosystem. Data shows that the Bitget AI ecosystem has surpassed 1 million users, with cumulative trading volume reaching $1.2 billion and support for over 58 trading tools—covering core use cases such as market analysis, trading assistance, strategy development, and automated workflows. Under UEX’s multi-asset trading framework, Bitget AI represents a key initiative embedding intelligent systems deeply into trading scenarios—and marks an important step toward Bitget’s evolution into an Agent Native Exchange. Core products within this ecosystem include GetClaw, a no-installation AI agent delivering real-time market insights; GetAgent, an AI assistant for strategy execution and automated trading; and Agent Hub, a developer platform offering open APIs and model integration capabilities. Together, these three components form a seamless end-to-end intelligent trading loop—“Insight → Strategy → Execution”—delivering frictionless smart trading services to users. Gracy Chen, CEO of Bitget, revealed that the next phase will introduce new features—including the AI Trading Playbooks currently in closed beta—to complete an integrated AI trading infrastructure spanning strategy creation, backtesting, deployment, and distribution.
crypto research institution Delphi Digital has released its latest report, "How Far Can Saylor Stretch It," providing a systematic analysis of Strategy's Bitcoin (BTC) capital expansion mechanism. It indicates that the company's financing structure is transitioning from a phase of "low-cost accumulation" into one of "diminishing marginal efficiency."The report shows that within the current asset accumulation system centered on Bitcoin, STRC has become the core financing tool for Strategy's continued BTC purchases. Initially, the company relied on a significant premium in MSTR's stock price (with mNAV far exceeding BTC's net asset value) to create a positive cycle where "issuing shares meant increasing holdings." However, as valuations have receded to approximately 1.24 times the base mNAV of enterprise value, the BTC-per-share accretion effect from common stock issuance is approaching a break-even point.Meanwhile, while convertible bonds have played a crucial role historically, they have accumulated a principal of approximately $8.2 billion and face concentrated repayment pressure after September 2027, putting long-term strain on the sustainability of the financing structure.STRC provides Strategy with a continuous source of financing—used to maintain its BTC buying pace—by offering yield-seeking investors an approximately 11.5% annualized monthly dividend. However, this mechanism also introduces ongoing cash flow obligations, meaning that each round of financing simultaneously builds future dividend burdens while increasing BTC assets.The report emphasizes a key risk scenario: if BTC's price remains stagnant and MSTR's premium fails to recover, the "gains from STRC-financed coin purchases" could be progressively offset by "common stock dilution and dividend obligations." Although the company's approximately $2.25 billion cash reserve can cover its roughly $1 billion redemption pressure in 2027, its larger debt and dividend structure in 2028 remains unresolved.Furthermore, STRC's current authorized issuance limit of approximately $28.3 billion serves as a critical constraint. Once this limit is reached, the capacity for new BTC purchases may slow, yet existing dividend obligations will persist—thereby altering the overall dynamic growth trajectory of BTC per share.
Odaily News Executives from PayPal and Google Cloud stated that in the future, commerce driven by AI Agents will operate on crypto payment rails, as AI Agents cannot use traditional bank accounts like humans.Richard Widmann, Head of Web3 Strategy at Google Cloud, stated that AI Agents are unable to open bank accounts from both a technical and regulatory standpoint, while cryptocurrencies offer an "excellent machine-readable payment interface." He revealed that Google has launched the open-source Agentic Payments Protocol (AP2) and donated it to the FIDO Foundation, with over 120 partners, including PayPal, already joining.May Zabaneh, Senior Vice President of Crypto at PayPal, indicated that the company views AI Agents as the next generation of commerce entry point following offline, online, and mobile payments. She noted that PYUSD, as PayPal's stablecoin, provides a naturally programmable payment layer for AI-native payments and global transactions.A PayPal survey shows that 95% of merchant websites currently see traffic from AI Agents, but only about 20% of merchants have machine-readable product catalogs. Zabaneh believes that merchants need to adapt to the AI Agent era as quickly as possible, or they will miss out on the next wave of commercial infrastructure upgrades.Additionally, the two also discussed the security and responsibility issues of AI Agents. Widmann stated that multi-party custody will become an important solution for Agent fund management. AI Agents should not have full control over private keys but should only hold a portion of the key fragments to reduce financial risk. (CoinDesk)
According to ZDNet, the South Korean government plans to impose taxes on virtual assets starting in January next year, but faces opposition from the opposition party, increasing policy uncertainty. Moon Kyung-ho, head of the Income Tax Division at the Ministry of Economy and Finance, made the government’s first official statement on the matter during a National Assembly discussion, affirming that taxation on virtual assets will proceed as scheduled beginning January 1, next year, emphasizing that “income must be taxed.” Under the current amendment to the Income Tax Act, gains exceeding 2.5 million KRW from the transfer or lending of virtual assets are subject to a 22% tax rate. However, the opposition People Power Party argues that taxing only virtual assets—while abolishing the financial investment income tax—is unfair, and is advancing a bill to abolish the virtual asset income tax. This bill has already been submitted to the National Assembly’s Committee on Strategy and Finance and will be discussed by its Tax Subcommittee. Analysts believe that, ahead of next year’s local elections, the ruling party may join discussions on delaying or scrapping the tax to win support from younger voters.
from Consensus Miami that executives from multiple Bitcoin treasury companies stated that "digital credit" collateralized by Bitcoin is rapidly expanding, with a long-term potential market size potentially reaching $3 trillion. Digital credit is a yield-generating financial instrument backed by Bitcoin, typically structured as perpetual preferred shares, allowing investors to earn returns while reducing the risk of BTC price volatility. This model was first initiated and promoted by Strategy, followed by companies like Strive entering the space.Analysts estimate that the sector has already grown to approximately $10 billion in less than a year, calling it "the second fastest-growing product in the history of capital markets." The global credit market is roughly $300 trillion, and even if only 1% is penetrated by BTC credit products, it could generate around $3 trillion in demand — "a target that is not unrealistic." Currently, the number of Bitcoin treasury companies remains far below that of the traditional banking system. If BTC becomes a foundational global monetary asset, it could catalyze even larger-scale digital credit and financial system restructuring opportunities. (CoinDesk)
StepStone Group announced its integration with LSEG’s Digital Market Infrastructure (DMI) platform and the launch of its evergreen strategies—covering private equity, private debt, and infrastructure—on the platform. DMI is embedded within LSEG Workspace and leverages distributed ledger technology to support private fund distribution, optimizing private market access for professional investors. This collaboration builds on the parties’ existing relationship, which includes the joint launch in October 2025 of the FTSE StepStone Global Private Markets Index.
Brazilian listed company OranjeBTC (OBTC3) has voted in favor of Strategy's proposal to adjust STRC dividends to semi-monthly distribution. OranjeBTC stated that it believes this adjustment could reduce volatility, deepen liquidity, and drive stronger demand. (BitcoinTreasuries.NET)
Strategy founder Michael Saylor stated the company may in the future sell some Bitcoin to pay dividends, "just to send a message to the market that this model has been realized." He stated that this move aims to verify that Bitcoin assets can support shareholder returns within a corporate financial framework.
According to Crowdfund Insider, Circle’s French subsidiary, Circle Internet Financial Europe SAS (referred to as “Circle France”), received formal authorization from the French Financial Markets Authority (AMF) on April 20 to provide custody and transfer services for its stablecoins USDC and EURC across the entire European Economic Area (EEA). Under Article 60(4) of the EU’s Markets in Crypto-Assets Regulation (MiCA), this authorization enables Circle France to operate via the “passporting mechanism,” allowing customers in all EEA member states to access these services without requiring additional local licenses. Circle is the largest compliant issuer of electronic money tokens (EMTs) under MiCA regulation in the EU. The authorized custody services cover secure storage and management of clients’ crypto assets, while the transfer functionality supports seamless asset movement. Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy and Operations, stated that this milestone reflects Circle’s commitment to operating within Europe’s regulatory framework and supporting the development of trusted digital financial infrastructure in France and across the EU. This authorization builds upon Circle’s prior authorization as an electronic money institution in France.
: According to market sources, Strategy has paused its Bitcoin accumulation while raising approximately $82 million through stock issuance. Its total Bitcoin holdings remain at 818,334 BTC.Analysts believe that despite the short-term pause in accumulation, Strategy continues to secure funding through capital markets, providing financial support for its long-term Bitcoin reserve strategy. This fundraising primarily relies on equity sale arrangements rather than debt expansion. The market is widely watching Strategy's first phased halt after consecutive rounds of accumulation, which may reflect a more flexible capital allocation strategy within the current price range. However, its overarching "Bitcoin balance sheet" strategy remains unchanged.
According to CoinDesk, Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated at the Bitcoin Conference in Las Vegas that U.S. banks may hold bitcoin on their balance sheets in the future—but the timeline remains uncertain due to guidance from the Federal Reserve, the Basel Accords, and global regulatory requirements. Meanwhile, Morgan Stanley’s recently launched MSBT—the first bank-issued bitcoin ETP—drew over $100 million in inflows within its first six days of listing, all sourced exclusively from self-directed investment channels and not yet made available to financial advisors. Oldenburg noted that slow adoption by the advisor channel stems primarily from an education gap; the bank has initiated internal training programs to address this and is applying for a digital trust charter from the Office of the Comptroller of the Currency (OCC) to support direct custody of crypto assets and spot crypto trading services.
Coinbase Asset Management (CBAM) has announced the launch of its digital credit strategy, CUSHY, introducing a tokenized shareclass mechanism to bridge the gap between traditional credit markets and on-chain financial systems. The strategy focuses on three key areas: on-chain highly liquid public credit assets, structured private credit for digital-native and traditional borrowers, as well as structural yield sources combining tokenization and protocol incentives. Built on Superstate's FundOS tokenization platform, it enables on-chain representation of fund shares and 24/7 trading capabilities, while supporting operations across multiple networks including Ethereum, Solana, and Base.
According to Businesswire, Bitcoin treasury company TwentyOne Capital has updated its corporate strategy, aiming to integrate Bitcoin reserves, mining operations, financial services, and capital markets activities through mergers and acquisitions. Specific initiatives include: - Financial services and distribution, covering licenses, compliance, custody, technology, and institutional and retail client bases; - Bitcoin infrastructure, involving low-cost, high-hashrate Bitcoin mining to continuously expand Bitcoin reserves; - Capital markets strategy, securitizing loan portfolios and mining revenue and supporting non-dilutive leveraged financing of BTC reserves with operating cash flow; - Acquiring value-accretive Bitcoin companies, using ongoing cash flow to continuously accumulate Bitcoin.
BIT has released a chart stating that the cumulative acquisition cost of Bitcoin currently held by Strategy (formerly MicroStrategy) is approximately $62 billion. Even though Bitcoin has been in a consolidation phase over the past two quarters, the company has continued to raise funds through capital markets and used the proceeds to increase its BTC holdings.Historically, the correlation between Strategy's stock price and Bitcoin's price has been relatively tight. During bull markets, Strategy's stock price is more sensitive to changes in Bitcoin's price, showing greater upward elasticity and often delivering more prominent relative performance. However, when market momentum weakens, the stock price can sometimes weaken earlier than Bitcoin.Currently, there is a certain divergence in the performance of Strategy and Bitcoin. If historical patterns still apply, such divergence is worth continuous attention. Should the two converge again in the future, it could imply an improvement in Strategy's relative performance compared to Bitcoin, but this change remains dependent on the overall market environment.
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.
Odaily Odaily News: BIT Official's daily chart analysis indicates that spot Bitcoin ETFs have recorded net inflows for nine consecutive trading days, with institutional buying power accumulating steadily and providing support for prices.It notes that Strategy has invested approximately $11 billion this year to increase its Bitcoin holdings. The combination of ETF inflows and corporate buying is helping to strengthen market absorption capacity. The analysis suggests that, in the absence of significant risk event disruptions, the current market structure remains supportive of Bitcoin's gradual upward trend.
Odaily Strategy founder Michael Saylor has once again released Bitcoin Tracker-related information, captioning it: “The ₿eat Goes On”Based on previous patterns, Strategy typically discloses its Bitcoin accumulation data the day after such announcements.
Saturn announced the purchase of an additional $18 million worth of $STRC shares this week, bringing its total holdings to $33 million.It is reported that Saturn is an on-chain yield stablecoin issuer powered by Strategy's Stretch STRC. (BitcoinTreasuries.NET)
Odaily news, according to official sources, the 8th edition of OKX's Play-to-Earn Strategy Trading "AI Special" is now officially open. The event runs from now until April 30, 23:59 (GMT+8). During the event, new users who deposit 10 USDT can claim a 100 U airdrop position, and those with spot trading volumes of 100 U can receive an additional 20 U as a reward.Additionally, both new and existing users who trade 10,000 USDT or complete 5,000 USDT in trading volume using the Agent Trade Kit have the chance to win rewards such as 2,000 USDT, 5 million large model Tokens, and Claude Pro memberships.