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According to The Information, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), announced that the agency is pushing to limit state interventions in prediction markets to prevent state-level regulatory measures from hindering or even stifling the industry's development.Reports indicate that Michael Selig is a sports fan himself and has a large number of sports memorabilia in his office, which is seen as a reflection of his long-term interest in sports prediction markets. Since taking office several months ago, he has quickly begun related work, attempting to create a more relaxed federal regulatory environment for prediction markets, allowing more American users to participate in prediction trading for sports events and other outcomes.

New York Attorney General Letitia James announced that the state has recovered over $5 million from the cryptocurrency platform Uphold due to its role in promoting a fraudulent investment product.The settlement primarily revolves around Uphold's promotional activities for the product CredEarn launched by Cred LLC and its CEO Daniel Schatt. Between January 2019 and October 2020, Uphold advertised CredEarn on its platform and mobile app as a safe, reliable savings product that offered attractive annual returns. However, the Attorney General's office pointed out in a statement that Uphold did not inform users that Cred actually obtained these returns by issuing small loans to low-income video game players, who typically have no credit history and cannot access services from traditional financial institutions.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 46, up 6 points from yesterday. The average over the past 7 days is 35, and the average over the past 30 days is 25.

According to The Information, Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), is working to limit state enforcement interventions on prediction markets to prevent state-level regulatory measures from hindering industry development.Since taking office several months ago, Michael Selig has been trying to create a more lenient federal regulatory environment for prediction markets, allowing more American users to participate in trading on sports events and other outcomes. Over the past year, Selig has consistently advocated for prediction markets—issuing a warning in February about suing state governments attempting to intervene in regulation, releasing compliance guidelines in March and publicly soliciting industry feedback, and stating this month that if prediction markets are pushed offshore, it would lead to a repeat of the FTX-style collapse.

On the X platform, "on-chain detective" ZachXBT pointed out that certain law firms in the United States are using their investigative work and on-chain forensic results to help victims of hacking incidents file legal claims, but this practice may actually affect the victims' ability to receive compensation or recover funds.In previous hacking incidents involving the Lazarus Group, these law firms typically intervene only after their on-chain fund tracking or freezing is completed, and propose follow-up legal actions that are weakly related to the crypto incidents themselves. They have also employed similar strategies for "free-riding claims" in incidents involving Harmony, Bybit, and others. ZachXBT also called for the crypto community to establish a DAO to resist such behavior.

The venture capital firm a16z supports the U.S. Commodity Futures Trading Commission (CFTC) and opposes a series of crackdowns by various states on prediction markets. On Friday, a16z submitted an 18-page comment letter to the CFTC, stating that the actions taken by state regulators against prediction market platforms—including cease-and-desist orders and proposed bans—are creating "serious barriers to fair access" for users.In just the past month, the CFTC has filed a series of lawsuits against Illinois, Arizona, Connecticut, New York, and Wisconsin, claiming that these states are attempting to regulate markets overseen by the federal government, which exceeds their jurisdiction. a16z argues that requiring trading platforms to block U.S. users based on their state of residence conflicts with the CFTC's rules on fair market access. The company wrote, "Being forced to deny fair access to users from states seeking to license or ban certain event contracts could severely compress available liquidity."CFTC Chairman Mike Selig asserts that the event contracts of prediction markets fall under swap contracts, placing them within the CFTC's "exclusive jurisdiction." State regulators and state attorneys general counter that platforms like Kalshi and Polymarket offer unlicensed gambling products. a16z also discussed the utility provided by what it calls prediction markets, stating that their pricing mechanism is a "unique form of price discovery" that helps "reveal the probabilities of uncertain events." The company further argues that blockchain-based prediction markets are more transparent than traditional platforms, claiming that "the auditability of on-chain transactions" makes it easier for participants and regulators to oversee.In April, the prediction markets Polymarket and Kalshi surpassed a cumulative trading volume of $15 billion.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 40, up 15 points from yesterday. The average over the past 7 days is 33, and the average over the past 30 days is 24.

Andreessen Horowitz (a16z) stated in a letter to the CFTC that state regulations on prediction markets are creating "barriers to fair access" and may weaken market liquidity.a16z pointed out that requiring platforms to restrict user access by state will affect market uniformity and conflict with the federal principle of fair access. At the same time, frequent bans and enforcement actions may also compress overall trading depth. The agency emphasized that prediction markets play an important role in information discovery and probability pricing, supporting unified federal regulation. The CFTC, on the other hand, insists that the relevant contracts fall under its exclusive regulatory scope.

According to Farside monitoring, in April, the net inflow of Bitcoin spot ETFs in the United States was $2.021 billion, including: BlackRock IBIT: +$2.013 billion, Fidelity FBTC: -$163 million, Btwise BITB: +$34.3 million, Invesco BTCO: -$1 million, Franklin EZBC: -$4.4 million, ARK ARKB: +$138 million, CoinShares BRRR: +$8.1 million, VanEck HODL: -$24.7 million, Morgan Stanley MSBT: +$194 million, Grayscale GBTC: -$278 million, Grayscale Mini BTC: +$99 million.

According to Lookonchain monitoring, the net outflow of Bitcoin ETFs in the United States is 1,725 BTC, the net outflow of Ethereum ETFs is 41,275 ETH, and the net inflow of Solana ETFs is 1,465 SOL.

According to CoinDesk, U.S. Treasury Secretary Scott Basset stated that as part of the "Economic Fury Action," the U.S. has seized nearly $500 million in Iranian crypto assets.

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.

According to Jinshi reports, the annualized quarterly PCE price index for the first quarter in the United States is 4.5%, higher than the market expectation of 3.8% and the previous value of 2.9%.

According to Jinshi, the number of initial jobless claims in the United States for the week ending April 25 was recorded at 189,000, the lowest since the week of September 24, 2022.

According to Jinshi reports, the annual core PCE price index in the United States for March is 3.2%, in line with market expectations, with a previous value of 3%.

WasabiCard issued a security statement claiming that it has no affiliation with projects and organizations such as Wasabi Protocol and Wasabi Wallet.It is reported that WasabiCard collaborates with Safeheron for custodial wallets, using private key sharding technology to ensure the security of on-chain funds. They work with on-chain security audit companies like slowmist to strictly audit the sources of on-chain funds. They utilize compliance and anti-money laundering tools such as sumsub to ensure that user identities are legitimate and compliant. As a licensed institution and Web3 financial infrastructure service provider, security and compliance have always been the foundational capabilities of WasabiCard, rather than optional add-ons.

According to the latest weekly report released by Gate, in the past week (from April 20 to April 26), driven by the easing of geopolitical tensions and rising expectations for interest rate cuts, BTC rose from $68,000 to above $77,000, with market sentiment remaining "cautiously optimistic." ETF funds continued to see net inflows, indicating that institutions are steadily increasing their positions amid fluctuations, with capital accelerating towards high liquidity assets and deep trading platforms.There was a noticeable rotation of on-chain funds: PancakeSwap's trading volume approached $36 billion, the supply of USDT was nearly $200 billion, while USDe saw a net outflow of about $2 billion; in the DeFi sector, Aave's lending balance decreased, with liquidity shifting towards Spark. In terms of derivatives, the funding rate for BTC remains negative, while the activity and volatility of options have increased. The market will pay attention to the FOMC interest rate meeting and the volatility effects brought by the unlocking of OP, SUI, and ENA.Against this backdrop, Gate continues to strengthen its institutional service capabilities, providing high-performance matching, deep liquidity, and multi-exchange strategy support to meet high-frequency and arbitrage demands. At the same time, through a comprehensive asset security and custody system, combined with a one-stop solution for spot, contract, and multi-asset trading, it helps institutions execute efficiently and lay out robust strategies in a volatile market.

According to Gate market data, Meta Platforms' pre-market trading in US stocks fell by 7.2% due to the company's upward revision of capital expenditure expectations and the indication of regulatory risks.

According to Jin Shi reports, Morgan Stanley stated on Wednesday that due to persistent inflation in the United States and resilient economic performance, the bank has abandoned its previous forecast for a Federal Reserve rate cut in 2026 and now expects cuts to begin next year. The bank noted that inflation remains above the Federal Reserve's 2% target, and recent economic data indicates that growth and the labor market remain strong, reducing the urgency for further policy easing. Morgan Stanley expects the Federal Reserve to implement rate cuts in January and March of next year.