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The probability of the Polymarket "CLARITY Act officially taking effect in 2026" has risen to 67%, up 21% in 24 hours. The event contract rules are: if the Digital Asset Market Clarity Act of 2025 (H.R.3633) is passed by both houses of the U.S. Congress and signed into law before 11:59 PM Eastern Time on December 31, 2026, the answer will be "yes"; otherwise, it will be "no."Coinbase has indicated that a key disagreement regarding the yield terms for stablecoin holdings has been compromised with traditional banks, clearing obstacles for the U.S. Senate to advance the cryptocurrency market structure bill. Previously, banks had lobbied to restrict or prohibit exchanges from offering yields to stablecoin holders, mainly concerned about funds flowing out of the banking deposit system. Coinbase Chief Policy Officer Faryar Shirzad stated that the final proposal retains space for users to earn rewards through crypto platforms and networks based on actual use cases while adding some restrictions. This progress is expected to facilitate the CLARITY Act entering the voting process in the Senate Banking Committee.

According to monitoring by Hyperinsight, a whale address starting with "0xa0d" closed 200 BTC long positions at 4 AM today, worth approximately 15.6 million dollars, with a slight profit of 100,000 dollars. Currently, the total assets of this whale address are about 16.44 million dollars, skilled in short-term operations, with a total account profit of approximately 5.4 million dollars.

Members of the U.S. Senate Banking Committee announced a compromise text on the "Clarity Act" on Friday, which allows cryptocurrency companies to continue implementing stablecoin reward programs but prohibits them from offering stablecoin yields equivalent to bank deposit functions or economic benefits.

According to Gate market data, the Dow Jones Index closed down 152.87 points on May 1 (Friday), a decrease of 0.31%, at 49,499.27 points; the S&P 500 Index closed up 21.11 points, an increase of 0.29%, at 7,230.12 points; the Nasdaq Composite Index closed up 222.13 points, an increase of 0.89%, at 25,114.44 points.

According to Gate market data, U.S. stocks closed with the Dow Jones Industrial Average initially down 0.31%, the S&P 500 index up 0.29%, and the Nasdaq Composite index up 0.89%. Due to strong performance in the first quarter earnings report, Apple Inc. (AAPL.O) rose 3.24%, and SanDisk (SNDK.O) rose 8.25%. Intel (INTC.O) rose 5.44%, closing at $99.62, setting a new high.

The U.S. Securities and Exchange Commission (SEC) has passed a plan allowing publicly traded companies to reduce the frequency of financial report disclosures from quarterly to semi-annually, which has further moved closer to implementation after passing White House review. According to information from the U.S. government website, this review was completed earlier this week, allowing the SEC to officially announce the plan and seek public opinion.After receiving feedback, the commissioners will need to vote on the final version for it to take effect. Voting typically occurs several months later. Since President Trump called for changing quarterly reports to semi-annual reports last year, the SEC has been advancing this reform of corporate information disclosure requirements. Since 1970, publicly traded companies in the U.S. have been required to disclose financial information quarterly.

Curve Finance officially announced that it is introducing a bad debt recovery mechanism based on on-chain market mechanisms, allowing CRV-affected users in certain lending markets with bad debts to choose different recovery strategies: directly selling their claims to exit, continuing to hold and wait for potential recovery, or providing liquidity to earn fees and incentives. The core of this mechanism is to establish a trading pool between crvUSD and the tokens of the affected claims, allowing bad debt claims to be priced in the market and creating liquidity, thereby providing users with an immediate exit channel instead of relying solely on the final liquidation results.It is reported that after the cryptocurrency market crash in October last year, some lending markets under Curve Finance experienced bad debt issues, with various liquidity pools being impacted by severe price fluctuations and liquidity contraction, leading to some deposit users facing withdrawal restrictions and asset losses.Curve stated that the recovery mechanism will not eliminate losses or guarantee recovery, but will gradually reflect risks and recovery expectations through a market-oriented approach. Additionally, if the governance layer distributes rewards through the veCRV incentive mechanism, it will help enhance liquidity depth, improve exit conditions, and strengthen market pricing efficiency.

According to Jinshi reports, Federal Reserve's Harker stated that given the current economic outlook, the Federal Reserve's "clear easing bias" is no longer appropriate.

Japanese financial giant SBI Holdings has begun negotiations to acquire shares in the cryptocurrency exchange platform Bitbank, aiming to turn it into a consolidated subsidiary. SBI Chairman and President Yoshitaka Kitao stated that the company has submitted a letter of intent for the acquisition and has started discussions with Bitbank regarding capital and business cooperation. The specific timing and structure of the acquisition will be determined after due diligence and internal procedures are completed.Bitbank is one of Japan's major domestic cryptocurrency exchange platforms and has not experienced any hacking incidents since its establishment in 2014, with security as its core selling point. As cryptocurrency assets are gradually incorporated into Japan's Financial Instruments and Exchange Act, SBI believes that integrating Bitbank into the group will enhance its position in the Japanese cryptocurrency market. This move comes as SBI continues to consolidate its cryptocurrency exchange platform SBI VC Trade. Last month, SBI incorporated another exchange platform, Bitpoint Japan, into this department to streamline operations and improve profitability.Earlier this week, Bitbank also launched Japan's first credit card linked to cryptocurrency assets, allowing users to pay bills using assets like Bitcoin based on their exchange holdings, and offering a 0.5% cashback on cryptocurrency asset spending.

According to the latest 13F filing disclosed by Dan Bin's fund "Oriental Harbor," the fund increased its holdings of 31,700 shares of CRCL during the latest reporting period, valued at 3.02 million dollars.According to market news, the cryptocurrency company Coinbase was newly included in the Oriental Harbor portfolio in the second quarter of 2025, with a holding value of approximately 54.7 million dollars.

One of Canada's largest institutional investment management companies, AIMCo, disclosed in regulatory filings on April 30 that it holds an equity stake in Strategy valued at $219 million. This is one of the largest direct investments by a sovereign wealth fund in the crypto "middleware" protocol. AIMCo stated that this move is a strategic positioning for the tokenization of real-world assets (RWA) and automated liquidity provision.The Strategy platform is able to provide yield opportunities for institutional investors that comply with KYC/AML standards, while its governance and equity structure allows it to benefit from transaction fees generated by the inflow of institutional capital. Analysts believe this is also a defensive hedge for AIMCo in the context of declining traditional fixed-income returns. This investment is expected to act as a catalyst for other Canadian and international pension funds.AIMCo manages approximately CAD 160 billion in assets, and this move indicates that large fiduciary institutions believe the technological and regulatory risks in the DeFi space have become manageable. As AIMCo integrates digital asset strategies into its main portfolio, it may trigger a chain reaction in the sovereign wealth sector, advancing global capital management towards transparency and efficiency through decentralized ledgers in the era of "programmable finance."

According to official news, Binance Alpha has launched UnifAI Network. Users holding at least 237 Binance Alpha points can claim 95 UAI tokens airdrop on the Alpha event page, on a first-come, first-served basis. If the event has not ended, the score threshold will automatically decrease by 5 points every five minutes.Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise it will be considered a forfeiture of the airdrop.

According to official news, the Solana ecosystem DeFi protocol Carrot has announced that it will soon shut down. Carrot stated that the Drift exploit incident has had a catastrophic impact on its ongoing operations. Carrot has set May 14 as the deadline for withdrawing remaining funds from Boost, Turbo, and CRT, after which the system will begin deleveraging, reducing all leverage to zero and releasing all liquidity for CRT redemption. Carrot stated that any recovery funds from Drift will still be distributed as previously promised, but there is currently no specific timeline.

According to Gate market data, U.S. stocks closed with the Dow Jones Industrial Average initially up 1.62%, the S&P 500 index up 1.02%, and the Nasdaq Composite index up 0.89%. Alphabet (GOOG.O) rose 9.95%, reaching a historical high; Qualcomm (QCOM.O) increased by more than 15%. The Nasdaq Golden Dragon China Index rose 2.1%, and Alibaba (BABA.N) increased by more than 1%.

According to Jinshi News, the USD/CAD has fallen below 1.36, with an intraday decline of 0.61%.

According to Jinshi News, due to the prospects of peace negotiations in the Iran war, traders are unwinding their bets on the safe-haven currency, the US dollar, which is facing its largest monthly decline since June of last year. The dollar index fell 1.8% in April, primarily due to the ceasefire agreement reached between the US and Iran earlier this month. Recently, with oil prices soaring again and market expectations of a possible interest rate hike by the Federal Reserve next year, the dollar index has rebounded, and the decline has eased. Nathan Tuft, a senior portfolio manager at Manulife Investment Management, stated that looking ahead, the dollar may decline but will still maintain a range-bound fluctuation.

According to Gate market data, the dollar index DXY has expanded its intraday decline to 0.8%. Non-US currencies have risen, with the Australian dollar against the US dollar AUD/USD increasing by more than 1% intraday, currently reported at 0.7187. The US dollar against the Canadian dollar USD/CAD has dropped by more than 0.5% intraday, currently reported at 1.3615.

According to Jinshi reports, ECB President Lagarde stated that the central bank discussed various options, including the possibility of raising interest rates.

According to The Block, Gemini's Olympus division has officially obtained a Derivatives Clearing Organization (DCO) license issued by the Commodity Futures Trading Commission (CFTC), allowing it to act as an internal clearinghouse for settlement, risk management, and collateral management without relying on third-party clearing, which is expected to reduce operational costs.Combined with the previously obtained Designated Contract Market (DCM) license, Gemini is now capable of conducting full-stack compliant operations in the fields of futures, options, perpetual contracts, and prediction markets. Currently, Gemini is further applying for a Futures Commission Merchant (FCM) license to complete its full suite of CFTC qualifications and compete directly with Kraken and Coinbase.

According to Jinshi reports, the number of people continuing to claim unemployment benefits in the U.S. for the week ending April 18 was 1.785 million, lower than the market expectation of 1.815 million, and the previous value was revised from 1.821 million to 1.808 million.