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The European Central Bank (ECB) has signed agreements with European Card Payment Cooperation, Nexo Standards, and Berlin Group to reuse existing open payment standards for digital euro transactions, aiming to reduce the system access costs for banks, merchants, and payment service providers.The relevant standards cover contactless payments, connections between merchants and payment service providers, as well as alias payments based on mobile phone numbers. The European Central Bank stated that this move helps to reduce market adoption costs and promotes a unified digital euro user experience in the euro area. Previously, the European Central Bank analyzed that the digital euro could bring about 4 billion to 6 billion euros in costs to EU banks within 4 years.

According to Jin Shi reports, the U.S. stock market fell on Thursday amid volatile trading, as hopes for a quick resolution to the Iran conflict gradually faded. Analyst Jay Hatfield stated that investors are struggling to digest mixed earnings reports, and concerns about the disruptive impact of artificial intelligence on the software industry have resurfaced. He pointed out that the market had previously risen significantly, and some investors are looking to reduce their positions, using the war as an excuse is not necessarily a bad thing.

Telegram founder Pavel Durov announced that the transaction fees on the TON network will be reduced by six times within a week, dropping to 0.00039 TON (approximately 0.0005 USD) per transaction, and will remain fixed regardless of network load. Subsequently, most transactions will be completely free, achieving zero fees.

Coinbase stated that it is optimizing the rule creation process in its anti-fraud system by integrating machine learning models with a rules engine, achieving more efficient risk management. It also proposed a dual-track strategy of "models responsible for long-term defense, rules responsible for rapid response," and built a unified framework to create a feedback loop between the two: rules are used to capture new types of fraud and train the model in reverse, thereby continuously enhancing overall defense capabilities.In terms of specific optimizations, Coinbase has transformed the previously manual rule creation process into a data-driven and automated recommendation system by restructuring data, automating schema evolution, and introducing notebook-based analytical tools, significantly improving efficiency. Among these improvements, the performance of rule backtesting has increased by more than 10 times, and the overall response time has been reduced from several days to a few hours. Additionally, the new system uses machine learning to recommend parameters, helping to reduce false positive rates while combating fraud and minimizing the impact on normal users. Coinbase indicated that the next step will be to advance event-driven automatic rule generation and explore the "one-click conversion" of efficient rules into model features, further moving towards an automated risk management system.

According to Jinshi reports, White House National Economic Council Director Hassett stated that he can imagine reducing the balance sheet while lowering interest rates.

According to Jinshi reports, Federal Reserve Chair nominee Waller believes that the Federal Reserve should reduce its reliance on forward guidance and warns that excessive transparency may hinder policy flexibility. He pointed out that the Federal Reserve's response to soaring inflation during the pandemic was too slow, and reducing commitments would help achieve more flexible decision-making. He sees this as part of a broader reform agenda and expresses anticipation for implementing these necessary changes.

According to Jin Shi reports, Federal Reserve Chair nominee Waller stated that he is working with the Treasury Secretary to advance the Federal Reserve's balance sheet reduction efforts.

DefiLlama founder 0xngmi posted on platform X, stating that after verifying the data, if the funds seized by Arbitrum are prioritized for use in the AAVE market on Arbitrum, Aave will have no bad debt on Arbitrum under the condition that all rsETH share the depreciation.In a scenario where only the value of the mainnet rsETH is guaranteed (ignoring the value of the mapped version of rsETH on Layer 2), Aave will reduce bad debt on Arbitrum by 80%, from $88 million to $17 million.

Empery Digital, a Bitcoin trust company listed on NASDAQ, disclosed that it sold 20 Bitcoins at an average price of $74,425 last week, with total proceeds of approximately $1.5 million. The total Bitcoin holdings have now decreased to 2,914 Bitcoins.In addition, the company also disclosed that it has spent nearly $150 million to repurchase 26,244,657 shares of common stock to date, and will continue to sell Bitcoins as needed to fund future stock buybacks and possibly repay some outstanding debt.

Curve founder Michael Egorov stated that the recent large number of avoidable security incidents in DeFi stem from centralized single points of failure, which are harming the entire industry. He cited the Aave and rsETH incidents as examples, indicating that related issues should be prevented before accidents occur, rather than remedied afterward.He called for the industry to collaboratively establish DeFi security standards to reduce single points of failure and to share best practices among project teams, auditing agencies, and risk assessment teams; he also suggested that the Ethereum Foundation and Solana Foundation could coordinate ecological participants to develop security principles and rules.

According to Businesswire, Nasdaq-listed Bitcoin treasury company Empery Digital disclosed that it sold 20 Bitcoins at an average price of $74,425 last week, with total proceeds of approximately $1.5 million, and its total Bitcoin holdings have decreased to 2,914 coins.In addition, the company also disclosed that it has spent nearly $150 million to repurchase 26,244,657 shares of common stock to date, and will continue to sell Bitcoins as needed to fund future stock repurchases and possibly repay some outstanding debt.

The DeFi protocol Fluid officially announced the launch of the aWETH redemption protocol. Due to the ETH utilization rate on the Aave platform reaching 100%, many borrowers are currently unable to withdraw funds, and they will face increasing risks if the market fluctuates. The aWETH redemption protocol will allow ETH borrowers to: • Redeem for wstETH or weETH • Immediately restore liquidity • Reduce liquidation risk.If users only borrow ETH, they can fully redeem it. If users have ETH collateral and other debts, the collateral will be seamlessly converted to wstETH or weETH, while the debt remains unchanged. Fluid is collaborating with Lido Finance, EtherFi, and other ecosystem partners to reduce systemic risks in DeFi, alleviate usage pressure, and support a healthier DeFi market. The initial capacity limit of the protocol is set at $1 billion in ETH.

The strategic director of Spark, monetsupply.eth, posted on platform X that as the stablecoin market begins to lack liquidity, the situation is entering a more dangerous phase. I believe that the ETH market is about 16.5% supported by rsETH, and if the loans supported by rsETH experience losses shared between the mainnet and external chains, there may be a 10% to 15% reduction in emode, leaving a remaining 2% to 3% reduction for ETH suppliers to smooth out the umbrella structure.ETH suppliers naturally tend to exit as soon as possible to avoid this risk, so the utilization rate is locked at 100%, and the borrowing rates are insufficient to incentivize the repayment of unrelated LST cycles (wstETH, weETH) to release liquidity. Since users cannot withdraw ETH, those who borrow stablecoins like USDT and use ETH as collateral cannot close their positions even when stablecoin borrowing rates rise, cutting off the typical incentive mechanism to maintain market health.Currently, two unhealthy incentives are causing the market utilization rate to be locked at 100%: 1) ETH holders cannot close their positions to maintain a healthy LTV, and liquidators cannot atomically withdraw or sell collateral, which may lead to bad debts if the ETHUSD price falls. 2) Users supplying USDT, in order to exit their holdings, tend to maximize borrowing of other stablecoins, which is currently generating positive returns (temporarily), thus the exit cost is low; if conditions worsen, they can at least recover 75% of the position value.The bottom line is that these pooled/re-staked lending markets must maintain liquidity at all costs to operate normally. The recent weakening of slope2 against Aave's maximum borrowing rate is having a negative impact and significantly increasing the risk of failure in the yield market.

Recently, USDD disclosed its performance data for the first quarter of 2026: the revenue for this quarter reached $6.3 million, a quarter-on-quarter increase of 66.6%; profit reached $6.14 million, a quarter-on-quarter increase of 77.9%; expenses decreased to $160,000, a quarter-on-quarter decrease of 51.6%; the treasury balance increased by 77.9% on a quarter-on-quarter basis; the total treasury balance rose to $13.91 million. The growth in performance is mainly attributed to the continuous expansion of the ecological landscape, collaboration with Binance Wallet, GateDEX, Bitget Wallet, and the optimization of TRX and sTRX treasury parameters, which improved capital efficiency.At the same time, a more diversified capital allocation further enhanced revenue resilience. While maintaining zero systemic risk, USDD is accelerating into a new phase of high-quality growth.

According to Ark Invest Tracker data, Cathie Wood's ARK Invest reduced its holdings by 11,465 shares of Circle stock (approximately $1.215 million) and 31,417 shares of Bullish stock (approximately $1.367 million).

According to Jinshi reports, Fed's Daly stated that productivity growth helps inflation to decline, but this is not something we can rely on.

The Ministry of Economy and Finance of South Korea announced that it will launch a pilot program for blockchain deposit tokens in Sejong City in the fourth quarter of 2026, to replace traditional government procurement card payments.The project has been approved under the 2026 regulatory sandbox program, allowing institutions to pay business promotion expenses in the form of tokenized deposits. Token payments can preset spending limits and available industry ranges, helping to reduce the need for manual audits and lowering transaction fees for small businesses by removing intermediaries such as card networks.This is the second application of deposit tokens in fiscal operations, following the completion of the first pilot in the electric vehicle charging infrastructure subsidy program. If the pilot proves effective, the Ministry of Finance of South Korea plans to further promote the program.

According to Arkham monitoring, Dragonfly received 55.8 million LIT from Lighter. Analysis indicates that this may be the investor token share of Dragonfly, which will be locked for 1 year and will be unlocked in phases after the TGE. It is expected that these tokens will not be liquid again before December 30, 2026.

Due to the migration of the top decentralized application Ether.fi to Optimism, the Ethereum Layer-2 network Scroll has experienced a significant loss of funds, resulting in a total value locked (TVL) decrease of approximately $160 million and an annual fee loss of about $13 million.Scroll stated that it will propose a plan to dissolve the decentralized security committee and reduce DAO members to lower operational costs, with network control being handed over to the internal team. Additionally, Scroll briefly raised network gas fees by 1,280 times after the protocol migration, causing users to pay over $50,000 in extra fees, but it has since returned to normal. After this adjustment, Scroll's TVL has dropped to approximately $23 million. The official statement claims that all contract changes will remain transparent and verifiable on-chain.