According to ChainCatcher news, the draft document shows that Japan will reduce the planned government bond sales for the fiscal year 2025/2026 by 500 billion yen to 171.8 trillion yen; the issuance scale of 20-year and 30-year government bonds will be reduced by 900 billion yen each, to 11.1 trillion yen and 8.7 trillion yen, respectively; Japan will increase the issuance of two-year government bonds, one-year, and six-month discount treasury bills, each by 600 billion yen; and will increase the issuance of 500 billion yen government bonds to households, bringing the total to 5.1 trillion yen.The revised issuance plan will be submitted for discussion to primary dealers at a meeting on Friday. This move aims to alleviate market concerns about supply and demand imbalances, as recent auction demand has been weak, causing long-term bond yields to soar to historic highs last month. Additionally, there are some ideas to repurchase previously issued ultra-long-term Japanese government bonds at low interest rates to improve the supply-demand balance.

ChainCatcher news, a proposal titled "Confidential Wrapped Ethereum Privacy" has been published on the Ethereum research forum. This proposal introduces the concept of confidential wrapped Ethereum (cWETH), aiming to achieve privacy protection for ETH transactions at the application layer. cWETH combines the elliptical curve Twisted ElGamal commitment scheme and the Diffie-Hellman protocol, utilizing zk-SNARKs to verify transaction legitimacy, allowing users to make peer-to-peer payments without revealing their balances and transfer amounts.Compared to existing solutions, cWETH allows access to encrypted balances without solving the discrete logarithm problem, improving efficiency. This proposal is expected to evolve into a complete confidential token standard (EIP).

ChainCatcher News: U.S. Senator Mike Lee announced that he is drafting an amendment that would disqualify members of Congress from running for re-election if the deficit exceeds 3% of GDP. Elon Musk expressed his support for this earlier today.

ChainCatcher news, Lido protocol developer pshe.eth tweeted that the RFC draft of the Lido V3 white paper has been released. Lido contributors have been dedicated to a completely new architectural direction for the protocol, focusing on stVaults, which are isolated staking positions that can decouple Ethereum's staking methods (such as node operators, fees, risk preferences, Sidecar modules, etc.) from the liquidity layer. stVaults are expected to become highly composable foundational components that can serve as the core building blocks for creating strategies, protocols, and institutional staking products.pshe.eth stated that this draft currently covers a wide range of design aspects and is expected to be continuously optimized in the coming weeks, with the goal of finalizing the white paper before mid-summer this year.

ChainCatcher news, SEC Chairman Paul Atkins stated at the SEC conference, "The crypto market has been in a gray regulatory area of the SEC for years. Initially, the SEC adopted what I call an 'ostrich policy'—perhaps hoping the crypto industry would disappear on its own. Later, the policy shifted to a 'shoot first, ask questions later' enforcement-style regulation. The so-called slogan of 'welcome to chat' often actually means 'welcome to receive a subpoena.' This presents a dilemma for market participants. Such an environment cannot build trust. The underlying message is: 'You guess for yourself.'I have recently instructed the Division of Corporation Finance to maintain transparent communication with the public. When regulators can engage in open dialogue with the industry, market participants can act more flexibly and allocate capital more effectively to productive uses. Today marks a new starting point for the SEC. I have directed the staff in the policy department to begin drafting rule proposals related to cryptocurrencies. Meanwhile, the staff is still 'clearing obstacles' through departmental statements.I hope the Commission allows SEC-registered entities to simultaneously host and trade both securities and non-securities assets on one platform. This will help reduce costs for investors and enable non-securities trading to quickly enter the federal regulatory environment. In response to innovation trends and the progress of the crypto working group, we have requested Congress to reallocate the budget to integrate the SEC's 'Innovation and Financial Technology Strategic Center (FinHub)' functions into other parts of the agency."

ChainCatcher news, according to The Block, informed sources revealed that French Hill, the chairman of the House Financial Services Committee, and others are expected to release a regulatory draft on cryptocurrency ahead of the hearing scheduled for May 6 (local time).The hearing will take place at 10 AM Eastern Time on the 6th, with the theme "The Future of American Innovation and Cryptocurrency: A Blueprint for the 21st Century." It is expected to focus on the long-awaited legislation to define the structure of the U.S. cryptocurrency market. The draft is anticipated to be similar to the "Financial Innovation and Technology for the 21st Century Act" (FIT 21) that passed the House last year. A staff member from the House Agriculture Committee also confirmed that the draft text will be released before the hearing.Committees in both the House and Senate have advanced bills focused on stablecoins, while legislation regulating the entire cryptocurrency industry is seen as the next step. Former President Donald Trump stated that he hopes to see a stablecoin bill before August, but some have indicated that these bills may be interconnected.

According to ChainCatcher news, the UK government has today released a draft regulation for crypto assets on the official website of the Treasury. This regulation formally brings cryptocurrency exchanges, dealers, and agents into the regulatory framework, requiring compliance with standards of transparency, consumer protection, and operational resilience. Chancellor of the Exchequer Reeves stated that improving regulation will help enhance investor confidence, promote the development of financial technology, and protect public interests. The UK will continue to collaborate with the US on digital assets and plans to expedite the implementation of legislation.

ChainCatcher news, according to CoinDesk, the UK government released a consultation document for a cryptocurrency legislation draft on April 29, planning to add regulated activities, including operating cryptocurrency asset trading platforms and issuing stablecoins.In addition, the draft also covers regulatory frameworks such as market abuse, listing, and disclosure systems. Although relevant consultations were initiated during the Conservative government's term in 2023, the Labour government has stated that it will continue to advance the previous government's cryptocurrency plans. This initiative aims to regulate the cryptocurrency industry, protect investor interests, and promote healthy market development.

ChainCatcher news, according to the Daily News, the Financial Services Commission (FSC) of South Korea has reiterated its commitment to the smooth and timely development of a regulatory framework for stablecoins. Previously, the South Korean government announced plans to review the second phase of legislation for its broader virtual asset framework, with stablecoin regulation listed as a top priority.The FSC confirmed that it will adhere to the original timeline, aiming to draft specific content for the second phase of regulation in the second half of this year. A dedicated working group composed of relevant government agencies will be responsible for organizing this process. The commission also stated that, in light of recent market volatility, it will enhance monitoring of the broader virtual asset market, including stablecoins. These efforts aim to strengthen protection for cryptocurrency users.

ChainCatcher news, according to the Washington Post, three insiders revealed that White House aides have drafted a proposal to impose tariffs of about 20% on at least most goods imported to the U.S.If this plan is implemented, it would have a huge impact on the securities market and the global economy. Moody's Chief Economist Mark Zandi stated that if permanent tariffs take effect this quarter and provoke strong retaliation from U.S. trading partners, the U.S. economy would almost immediately fall into recession, lasting more than a year, with unemployment rates exceeding 7%. Zandi described this outcome as the worst-case scenario.

ChainCatcher message, Ethereum developers @linoscope and @JustinDrake jointly proposed the EIP-7917 proposal, aimed at restructuring the validator election process through a deterministic proposer preview mechanism. The core innovations of this proposal include: precomputing a deterministic proposer sequence at the beginning of the epoch; eliminating the prediction bias caused by the existing RANDAO randomness + effective balance weighting mechanism; and maintaining full compatibility with existing infrastructure.Under the current design, the dynamic changes in validators' effective balances can lead to an inability to accurately predict future epoch proposers, posing risks to pre-confirmation protocols such as MEV-boost. It is estimated that the new scheme can enhance the security margin of on-chain applications like oracles by 40%.

ChainCatcher news, according to The Block, French Hill, chairman of the U.S. House Financial Services Committee, stated at the blockchain summit in Washington that a revised draft of the new cryptocurrency market structure bill will be announced in the coming days. This is an updated version of the "Financial Innovation and Technology for the 21st Century Act" (FIT21) that was passed by the House last year.The bill has not yet been formally introduced in this Congress, but it was passed in the House last year with the support of 71 Democratic lawmakers, including former Speaker Nancy Pelosi. Hill mentioned that the current draft has been adjusted based on various "technical opinions." The bill aims to grant the Commodity Futures Trading Commission (CFTC) more regulatory authority and funding to oversee the cryptocurrency spot market and "digital commodities," such as Bitcoin, and further clarify the role of the Securities and Exchange Commission (SEC).

ChainCatcher news, the Taiwan Financial Supervisory Commission yesterday released the draft "Virtual Asset Service Act," which will undergo a 60-day public consultation.The main contents of the draft include clarifying the licensing system for virtual asset service providers, regulating the operational management requirements for service providers, establishing a framework for stablecoin issuance management, setting up anti-fraud and market manipulation regulations, and formulating illegal penalty regulations.The public consultation period is 60 days after the announcement, and it is expected to be submitted to the Executive Yuan for review by the end of June 2025.

ChainCatcher news, according to Bloomberg, the U.S. House Financial Services Committee is expected to review a stablecoin legislative draft on April 2.Arkansas Chairman French Hill stated last week that a well-regulated stablecoin market would "strengthen the dollar's dominance, modernize our payment infrastructure, and promote the accessibility of financial services without excessive government intervention."However, critics such as House Committee Democratic Leader Maxine Waters and Senate Banking Committee member Elizabeth Warren argue that the bill is insufficient to protect consumers, advocating for a ban on tech companies issuing stablecoins and other reforms.Critics also worry that if stablecoins fail, there will be a lack of insurance backing, like that provided by the Federal Deposit Insurance Corporation (FDIC); while bankers warn that stablecoins could siphon off deposits and reduce credit channels.

ChainCatcher news, according to Yonhap News Agency, South Korean financial authorities will accelerate the drafting process of the second phase of the virtual asset bill, which will involve issues such as corporate regulation and token circulation disclosure.Chairman of the Financial Services Commission (FSC) Kim Byung-hwan stated at a parliamentary meeting that with recent actions by the Trump administration in the United States, the global cryptocurrency regulatory landscape is expected to change rapidly. He emphasized that South Korea needs to keep pace with these global developments.

ChainCatcher news, according to Bitcoin.com, Vietnamese Prime Minister Pham Minh Chinh has instructed the Ministry of Finance and the State Bank of Vietnam to draft regulations for digital assets and digital currencies, with the proposal expected to be submitted in March. This directive is part of Directive No. 05, aimed at driving economic growth to at least 8% by 2025.Despite the lack of a legal framework, Vietnam ranks among the top countries in global cryptocurrency holdings according to the 2024 Triple-A report, prompting the government to call for strengthened regulation.In addition, the State Bank of Vietnam is also responsible for managing interest rates, exchange rates, and credit growth, while ensuring transparency in banking operations. The government will intensify enforcement against unfair competition among financial institutions.

ChainCatcher news, according to Bloomberg, DraftKings Inc. has agreed to pay $10 million to settle a lawsuit that accused the sports entertainment company of violating state and federal securities laws in the sale of NFTs.According to the brief, the proposed settlement funds will be distributed to users who purchased, held, or sold DraftKings NFTs from August 11, 2021, until the judgment takes effect.

ChainCatcher news, according to The Block, Democratic leader of the U.S. House Financial Services Committee Maxine Waters introduced a stablecoin regulatory discussion draft on February 10. The draft requires stablecoin issuers to maintain at least a 1:1 reserve backing and to be regulated by federal regulatory agencies such as the Office of the Comptroller of the Currency (OCC), the Federal Reserve (Fed), and the Federal Deposit Insurance Corporation (FDIC), as well as state regulatory agencies.It is worth noting that Republican lawmakers also proposed a stablecoin regulatory draft last week, but there are differences in the regulatory approach. Meanwhile, the Senate has formed a working group that will collaborate with the House Financial Committee, the Senate Agriculture Committee, and other agencies to jointly develop cryptocurrency and stablecoin regulations.

ChainCatcher news, according to Cryptonews, Brazilian congresswoman Adriana Ventura has proposed a bill that would allow Brazilian investment funds to directly invest in cryptocurrencies such as Bitcoin. This measure will "provide a regulated safe environment."Adriana Ventura stated that this would allow funds to "broaden the diversification of their portfolios." The main focus of the bill is to allow investors to offset losses and increase the exemption limit for net gains related to stock transactions. However, the draft bill also includes a provision that allows "investment funds registered in Brazil" to purchase cryptocurrencies from companies registered and operating in the country. Currently, major institutional investors in Brazil cannot directly invest in cryptocurrencies.Some believe that this is not in sync with the rapid expansion of Brazil's retail cryptocurrency market. Many claim that Brazil's cryptocurrency market is the largest in the entire Latin American region.