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According to Businesswire, Kraken's parent company Payward announced that it has received preliminary approval for brokerage, investment, and management licenses granted by the Virtual Assets Regulatory Authority (VARA) in Dubai, UAE, to expand its cryptocurrency business in the UAE.Payward expects to offer spot, margin, and OTC trading, staking services, and Kraken Prime services for institutional clients through locally regulated entities, as well as support for peer-to-peer cryptocurrency asset transfer functionality.

Cointelegraph posted on the X platform that the governor of South Carolina has signed Bill S.163. The bill protects the self-custody rights of Bitcoin, prohibits discriminatory taxes on Bitcoin, and safeguards the rights of proof-of-work mining in the state.

GitHub has updated the details of the investigation into the unauthorized access incident of its internal repositories: GitHub detected and contained an incident yesterday involving an employee's device being compromised, which involved a maliciously implanted VS Code extension. GitHub removed the malicious extension, isolated the affected terminals, and immediately initiated an incident response. Current assessments show that only GitHub's internal repositories experienced data exfiltration, and the approximately 3,800 repositories claimed by the attackers are roughly consistent with the investigation results. GitHub has prioritized rotating critical credentials, is analyzing logs, verifying credential rotations, and monitoring subsequent activities, with a complete report to be released after the investigation is concluded.Additionally, Slow Mist's Chief Information Security Officer 23pds commented on this incident, stating: "By analyzing leaks from cybercrime forums, hackers may have used Anthropic's Mythos security AI to precisely breach GitHub's defenses and steal information from about 4,000 core internal repositories: including the source code for Copilot, the algorithms for CodeQL, the Actions runtime, and the entire billing system. Further analysis of this code could lead to subsequent attacks, having a profound security impact on the integration of the open-source community."

Solana co-founder Anatoly Yakovenko publicly supports the development of a native perpetual contract DEX on the Solana Virtual Machine (SVM), directly challenging Hyperliquid's leading position in on-chain derivatives trading.Anatoly believes that Solana needs to build its own perpetual contract infrastructure with atomic composability, showing that the ecosystem views perpetual contracts as key to retaining user activity and on-chain trading volume. Specific project details or launch timelines have not yet been disclosed. In recent months, a large volume of perpetual contract trading has migrated to Hyperliquid, which has become the dominant protocol in the on-chain perpetual contract space.Meanwhile, Hyperliquid co-founder Jeffrey Yan is in Washington engaging with policymakers on regulatory pathways, including discussions around the CLARITY Act legislation concerning crypto derivatives regulation, which could provide an advantage to Hyperliquid if the bill passes. The Solana native alternative will directly compete by leveraging its speed and cost advantages, but Hyperliquid's existing network effects and liquidity create high barriers to entry.

According to NADA NEWS, ReYuu Japan, a company listed on the Tokyo Stock Exchange Standard Market, announced that, after mutual consultation, it has terminated the basic agreement reached with the Canadian investment company Universal Digital Inc. regarding a financing framework of up to $100 million (approximately 15 billion yen).The agreement was originally intended to promote external financing arrangements related to its cryptocurrency asset reserve (DAT) strategy, but it was not a formal loan contract, and the establishment of the financing framework or actual borrowing had not been completed. ReYuu Japan stated that the capital market environment for listed companies implementing cryptocurrency asset reserve strategies has changed, and investor attitudes have become more cautious; this termination does not mean that its cryptocurrency asset reserve strategy is halted, and it will continue to assess based on market conditions, financial stability, and shareholder value.

According to BIT analysis, Ethereum's recent price performance is increasingly dominated by ETF fund flows. Over the past year, the 30-day average of daily net inflows into ETH ETFs has been highly synchronized with Ethereum's price movements, and the sensitivity of Ethereum's price to institutional funds has significantly increased. One of the core narratives of Ethereum is a net staking yield of about 2.5%.However, in an environment where inflation is accelerating again and the yield on the U.S. 10-year Treasury bond has risen above 4.6%, Ethereum's staking yield advantage is weakening compared to risk-free assets like U.S. Treasuries. Since May, there has been a re-emergence of fund outflows from Ethereum ETFs, which aligns with the aforementioned logic. If this trend continues, Ethereum is likely to remain in a phase of consolidation and fluctuation.

The Criminal Investigation Bureau of the Ministry of Public Security published an article titled "Beware of Online Fraud Targeting Minors," which reveals a new type of online fraud chain characterized by "game diversion + impersonating public security and judicial authorities + virtual currency money laundering." Criminals post advertisements through games and social platforms to guide minors to add friends, and use intimidation and other means to extract funds from parents' accounts. The stolen money is split and withdrawn through black and gray industry platforms to purchase virtual currencies, which are not restricted by geography and can silently flow back to overseas fraud dens, completing the "physical isolation" of cross-border funds. The Criminal Investigation Bureau reminds that public security and judicial authorities will never handle cases online, will never intimidate for deductions, and will never ask for passwords or verification codes.

Caixin reported that a private banking client was sentenced to immediate imprisonment for 6 months and fined HKD 500,000 for deliberately providing false information in CRS declarations, becoming the first case in Hong Kong to be criminally convicted for violating CRS rules.CRS 2 is a revision of the OECD's Common Reporting Standard and the term for the Crypto-Asset Reporting Framework (CARF), which will take effect on January 1, 2026. On March 27, 2026, the Hong Kong government published the "2026 Taxation (Amendment) (Automatic Exchange of Financial Account Information) Bill" in the gazette, which was submitted for its first reading in the Legislative Council on April 1 and is expected to be implemented starting January 1, 2027, marking Hong Kong's entry into the fast track for local legislation of CRS 2.CRS 2 explicitly includes cryptocurrencies in the mandatory reporting scope, along with stablecoins, crypto derivatives, certain NFTs, central bank digital currencies, and specific electronic money products. Crypto trading platforms, custodians, and related funds are required to fulfill KYC obligations and report information to tax authorities, systematically blocking the pathways for concealing wealth through crypto assets.

According to Protos, Myanmar has proposed introducing the death penalty for criminals who use violent means to coerce victims into participating in cryptocurrency scam centers. According to the draft of the country's Anti-Cyber Fraud Bill, criminals who use violence, torture, illegal arrest and detention, or cruel treatment against others to force them to commit cyber fraud will be sentenced to death.The bill will be submitted to parliament for review in June. In addition, operators of scam centers or perpetrators of cryptocurrency scams will face life imprisonment. Last month, the President of Myanmar reduced all death sentences to life imprisonment.

Analyst Murphy has released a bearish signal analysis for Bitcoin at a small scale. Currently, the CVD of Binance perpetual contracts has rapidly declined from the April high and has fallen below the 90-day median. This indicates that market bulls are unwilling to continue chasing higher prices, and bears are starting to actively sell short. The spot CVD has also begun to "peak and turn down." Historically, when this indicator turns, prices often follow with a correction, similar to November 2024 and April 2025. However, the key difference in the current market compared to the past is that the BTC CVD indicator on Coinbase remains steadily above the 90-day median line.During the same period, the 30-day net purchases of Bitcoin spot ETFs have not shown a significant decrease, and funds in the U.S. market are still supporting it. Analysts state that shorting in the short term remains a high-risk behavior, and bears still need to wait for bearish sentiment to dominate on Binance, as well as for U.S. investors' spot buying to gradually withdraw.

Australia is considering significant reforms to its Capital Gains Tax (CGT) system, planning to replace the current 50% tax discount policy for long-term held assets with an "inflation-indexed" mechanism, covering investment categories such as cryptocurrencies and stocks. The current system allows individuals to be taxed only on 50% of the capital gains if they hold the asset for more than a year, a policy that has been in place since 1999.If the reform is implemented, investors will calculate their gains based on inflation-adjusted cost bases, which may lead to an increase in actual tax burdens during periods of rapid asset price increases. According to the proposal's logic, the new mechanism will only tax "real gains" (the portion after excluding the effects of inflation), but in a low-inflation environment, the indexed deduction may be lower than the current 50% discount, resulting in increased tax burdens for most investors. The impact on cryptocurrency investors is particularly pronounced.The current "hold to reduce tax" mechanism reinforces long-term holding (HODL) strategies, while the new proposal will weaken the advantage of time holding, significantly increasing the tax burden on unrealized gains during periods of high appreciation. The proposal is still in the discussion stage and is expected to face strong opposition from investor groups and the financial industry, with the focus of the controversy centered on the balance between capital formation efficiency and tax system fairness.

Trump Media & Technology Group (TMTG) announced its Q1 2026 financial report, with a net loss of $405.9 million, of which unrealized losses from digital assets and equity securities amounted to $368.7 million, accounting for the vast majority of the total loss. According to CoinGecko data, TMTG's cryptocurrency asset portfolio is currently valued at $821.9 million, with a cost basis of $1.24 billion, resulting in an overall unrealized loss of approximately $423 million.The asset portfolio holds 9,542 BTC (valued at $767 million, average price $118,529) and 756 million CRO (valued at $54 million). In Q1, Bitcoin fell by about 22%, marking the worst quarterly performance since 2018. On the operational side, Truth Social generated only $900,000 in revenue, but operating cash flow reached $17.9 million, marking the fourth consecutive quarter of positive cash flow. The company's total assets reached $2.2 billion, nearly tripling from $759 million in the same period last year.

According to Bits.media, the State Duma's Committee on National Construction and Legislation in Russia has suggested passing the government's proposed criminal liability bill for illegal cryptocurrency mining in the first reading.The bill will add Article 171.6 "Illegal Mining of Digital Assets and Activities of Mining Infrastructure Operators" to the Criminal Code, applicable to mining activities not registered in the national registry and unlicensed provision of mining infrastructure services. The severity of penalties will depend on the seriousness of the crime: for income or losses exceeding 3.5 million rubles, fines can reach up to 1.5 million rubles or two years' income, or compulsory labor for up to two years; for crimes committed by organized groups or income exceeding 13 million rubles, fines can reach up to 2.5 million rubles or three years' income, compulsory labor or imprisonment for up to five years, and may also include additional fines of up to 400,000 rubles or six months' income. In all cases, confiscation of the mined cryptocurrency is stipulated. The government states that currently about 50,000 entities in Russia are engaged in mining, but only 1,489 (609 legal entities and 880 individual entrepreneurs) are registered in the national registry.

According to Reuters, the Bitcoin Initiative, which aimed to push the Swiss National Bank to include Bitcoin in its reserves, is expected to be terminated due to its failure to obtain the 100,000 signatures required to trigger a referendum.As the 18-month collection period nears its end, the initiative has only gathered about half of the signatures. The Swiss National Bank reiterated that the price volatility of cryptocurrencies and insufficient market liquidity do not meet its foreign exchange reserve requirements. Yves Bennaim, founder of the Bitcoin Initiative, stated that although the initiative will become invalid, related discussions have made some progress.

Coinbase Chief Financial Officer Alesia Haas stated during this morning's earnings call: "I want to quickly remind everyone that our USDC contract (note: referring to the distribution agreement with Circle) automatically renews every three years and is perpetual. This contract cannot be terminated."Coinbase Chief Compliance Officer Paul Grewal also stated: "Fortunately, the terms of the contract we have signed with Circle are established, and as Alesia Haas emphasized, these contracts will automatically renew. We expect to continue our partnership with Circle under the same terms in the future."

According to market news, Ben O'Neill, the head of cash flow at Bridge, stated at the Consensus conference that the dominance of Tether and Circle in the stablecoin market is generally detrimental to the growth of the entire industry. He pointed out that the design choices of these two major issuers have their pros and cons, but they are not suitable for all use cases.Tether has built a dollar shadow economy independent of the U.S. financial system, while Circle's USDC follows a regulated route in the U.S. and deeply engages in DeFi. O'Neill analyzed the shortcomings of both companies from the perspective of large payment companies: Tether's redemption fee of 10 basis points is too expensive for payment companies, while Circle's continuous increase in destruction fees has a net negative impact on companies like Visa that want to handle trillions of dollars in card settlements.He believes that more stablecoins need to be built and optimized for specific use cases in the coming years, while the role of clearinghouses will rise to make exchanges between stablecoins as efficient as possible. He warned that more competition is needed; otherwise, Tether and Circle will only continue to raise fees and not share profits, making stablecoins increasingly less like money.

According to official news, Manta Network announced that it will terminate the Manta staking program, as the inflationary nature of staking rewards (generated from the issuance of new tokens) will dilute all MANTA holders over time. Staking rewards will officially stop in two weeks, operators can exit immediately, and delegators can un-stake at any time through the dashboard, with funds being secure and controlled by the users themselves.At the same time, Manta Network will operate the Layer 2 infrastructure of Manta Pacific completely independently, no longer relying on third-party operators. The previously announced deprecation plan for Manta Atlantic is progressing.

CryptoQuant analyst Darkfost tweeted that Bitcoin has risen over 36% since the low on February 6. Meanwhile, Bitcoin's dominance has also increased, surpassing 61.3%, returning to the high since November 2025, indicating that funds are still highly concentrated in Bitcoin.In contrast, altcoins are still under pressure but have shown early signs of stabilization. TOTAL3 (the total market capitalization of all cryptocurrencies excluding BTC and ETH) has increased by about 15% during the same period. Among the altcoins listed on Binance, 11.7% have returned above the 200-day moving average (only 2.3% on February 6), breaking the downward trend since October 2025.Additionally, the trading volume of altcoins on Binance has risen from 31% to 49% of the total trading volume of BTC and ETH, indicating that investor interest is slowly returning.