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Investment bank TD Cowen stated that the disagreements surrounding the CLARITY Act go beyond the issue of stablecoin yields, and multiple real-world obstacles may slow down the legislative process.First, the Commodity Futures Trading Commission is understaffed, with only one commissioner currently in office. In this situation, Congress is unlikely to feel comfortable handing over more cryptocurrency regulatory responsibilities to the agency, and filling the personnel gaps will take months. Second, the issue of prediction markets is heating up. Whether to include it in the bill's regulation, as well as potential insider trading and conflicts of political interest (including controversies related to Trump-related projects), may lead some Democratic lawmakers to oppose the bill.At the same time, the ongoing controversy surrounding the Trump family's cryptocurrency project World Liberty Financial is increasing the political sensitivity of the bill, making bipartisan consensus harder to achieve. Geopolitics has also become a variable. Discussions about Iran potentially using cryptocurrency payments are reinforcing the focus on anti-money laundering provisions and could even introduce amendments detrimental to the industry. Additionally, some lawmakers are attempting to include the Credit Card Competition Act, which, if advanced, could trigger new conflicts of interest and further delay the overall legislation.

The 0G Foundation announced a partnership with Alibaba Cloud to launch on-chain access to the Qianwen large model for AI agents.This move shifts artificial intelligence infrastructure from centralized, API-based systems to programmable, tokenized access specifically designed for autonomous agents. Through this collaboration, 0G allows developers to directly embed access to Qianwen into their infrastructure via a token-based mechanism. This eliminates the need for traditional account management and enables on-demand programmable access to AI computation. Agents running on 0G can query the Qianwen large model to generate responses, process information, or execute tasks in real-time.Michael Heinrich, CEO and co-founder of 0G Labs, stated, "From a macro perspective, inference runs on Qianwen, and verification runs on 0G—this builds a more complete computational and trust foundation for autonomous AI systems. The integration of 0G with Alibaba Cloud's Qianwen marks a milestone, achieving the fusion of top-tier intelligence and trusted infrastructure."

According to monitoring by Hyperinsight, the HYPE price fell by 6.3% during the day, while the BTC/HYPE exchange rate rose by 7% in the past 24 hours, currently reported at 1821.A whale heavily invested in going long on this exchange rate, claiming "betting long on BTC is more resilient than altcoins," made a daily profit of $900,000. Currently, this address holds: BTC long position (40x leverage): size $31.4 million, average price $70,557; HYPE short position (5x leverage): size $22.58 million, average price $38.93. This address began deploying positions during the last surge of HYPE and completed all positions on March 20, with a total size exceeding $53 million, possibly intending to bet on an overall market decline, with HYPE experiencing a larger drop than BTC. The current net profit of the position is $500,000. Address: 0x939f95036d2e7b6d7419ec072bf9d967352204d2.

ChainCatcher reported live that Fan Wenzhong, Executive Director of the Chinese Financial Society and former Chairman of Beijing Financial Holdings Group, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He pointed out that we are currently at a historical turning point similar to the transition from pawnshops to modern banking, where AI is an advanced productive force in the physical world, and Web3 represents a new type of production relationship in the digital world. The integration of the two will give rise to a Decentralized Agent Economy (DAE).He analyzed that AI Agents have execution capabilities but lack independent identity, accounts, and trust mechanisms, while Web3 addresses these pain points through smart contracts, on-chain identities, and programmable currencies; conversely, AI Agents significantly lower the barriers to using Web3. He proposed that DAE has four major characteristics: agent sovereignty and 24/7 operation, high-frequency atomic exchanges, a collaboration mechanism based on technological trust rather than moral or legal frameworks, and the organizational evolution from companies to DAOs and then to Decentralized AI Companies (DACs).He warned that this transformation will impact the labor market, with white-collar workers being replaced before blue-collar workers. AI quantitative funds have already achieved returns far exceeding those of retail investors, and he suggested that the government proactively advance social security reforms. Finally, he recommended that Hong Kong develop a self-controllable high-performance public chain, pilot limited digital persona registrations, attract Web3+AI composite talents, establish a digital finance industry fund, and promote collaborative innovation between the Hong Kong dollar stablecoin and digital renminbi.

TD Cowen analyst Lance Vitanza reiterated a buy rating on Bitcoin reserve company MSTR and raised the target price to $385.

According to Onchainlens monitoring, a certain whale has closed its BTC long position established on March 8 today, with a profit of over 1.88 million dollars from this transaction. The whale then withdrew all its funds from HyperLiquid.

According to CoinDesk, documents submitted to the Federal Election Commission (FEC) by the Super Political Action Committee (Super PAC) Fellowship, which is associated with Tether, show that its first expenditure of $300,000 went to Nxum Group, a company co-founded by Tether's U.S. CEO, former Trump administration crypto advisor Bo Hines, along with his father Todd Hines and third-party partners.This expenditure was used to purchase campaign advertisements for Georgia Republican House candidate Clay Fuller, coinciding with Fuller winning a special election to replace Marjorie Taylor Greene as a congressman. Notably, Fellowship did not publicly announce this expenditure nor include Fuller in its public endorsement list.On April 1 of this year, Fellowship appointed Jesse Spiro, Tether's U.S. Vice President of Regulatory Affairs, as the committee chair, officially reactivating its presence in the political arena. When the committee was announced last year, it had received a total funding commitment of $100 million, but its FEC disclosure documents currently show a zero account balance, and related donations have not been made public. Tether International responded that there is no association or regulatory relationship with Fellowship PAC, while Tether U.S. declined to comment.In terms of conflicts of interest, Michael Beckel from the political reform organization Issue One stated that it is not illegal for Super PACs to pay founder-associated companies under U.S. campaign finance rules, provided that services are genuinely rendered and rates are in line with market prices. Fellowship's CFO Mitchell Nobel currently works at Cantor Fitzgerald, which manages Tether's global business assets, and its former chairman is current Commerce Secretary Howard Lutnick.Currently, Fellowship's expenditure scale is still vastly different from that of the leading crypto industry Super PAC Fairshake. Fairshake has invested millions in several primary elections, while the candidates currently supported by Fellowship are almost all deep-red state Republicans.

CZ stated in his new book "Binance Life" that he proactively went to the United States in 2023 and admitted to violating relevant provisions of the U.S. Bank Secrecy Act, mainly involving Binance providing services to U.S. users without completing registration in the early stages.CZ mentioned that under the backdrop of a tightening regulatory environment at that time, failing to make that decision could have brought greater uncertainty and potential impacts on Binance's operations, BNB holders, and the development of the industry. CZ indicated that he chose to personally bear legal responsibility to mitigate the impact on platform users and the overall crypto industry, ensuring the continuous operation of the business.

According to reports from the official public account, Alibaba's Qianwen App has completed an upgrade of its "in-depth research" feature, adding a financial analysis module. In collaboration with Tonghuashun, it integrates real-time minute-level market data for over 13,000 stocks and consolidates approximately 1 million financial reports, announcements, and authoritative research reports from listed companies. Users can generate a complete in-depth research report with one click using pre-set analysis instruction templates. The report supports automatic generation of visual charts and can be exported in Word/PDF format.The core technological support for this upgrade is the Qianwen Agentic architecture, which has autonomous planning and execution capabilities. It can interpret user intent, automatically call real-time data, and integrate multi-source information to output conclusions, with all key data clearly indicating the original source.

According to The Block, Jaret Seiberg, Managing Director of TD Cowen's Washington Research Group, expressed that the outlook for the passage of the U.S. crypto market structure bill, the "CLARITY Act," is "increasingly pessimistic," with only a one-third chance of passing this year. He pointed out that the recent compromise proposal regarding stablecoin yields is "insufficient" to advance the bill, as it fails to meet the demands of crypto platforms like Coinbase and does little to alleviate banks' concerns about core deposit outflows.Seiberg believes that the bill could only pass if Congress ignores the objections from Coinbase and the banking industry and forcefully pushes through the compromise proposal, but this would be an exception rather than the norm. He anticipates that if the bill makes any progress, it is most likely to occur at the end of July, just before the August recess. Congress is currently in a two-week Easter recess.

According to monitoring by Hyperinsight, a whale starting with 0x687 has opened a 40x leveraged long position in BTC, with a position size reaching 10 million USD, an average entry price of 68,563 USD, a liquidation price of 62,817 USD, and a current floating profit of 4,000 USD (1.4%).This address has made its ninth attempt to chase the rise in BTC recently, having previously closed a BTC long position 10 hours ago, recording a loss of about 290,000 USD. In addition, this address is still building a long position in ETH, with a size of 1.69 million USD and an average price of 2,067 USD. As of the time of writing, both positions are still being increased.

According to Cointelegraph, Twenty One Capital, founded by Jack Mallers, currently holds 43,514 bitcoins, making it the second largest publicly traded bitcoin treasury company, second only to Strategy's 762,099 bitcoins.The previously second-ranked mining company MARA has fallen to third place after selling 15,133 bitcoins (approximately $1 billion). Analysts point out that MARA increased its bitcoin holdings through debt during the bull market and is now forced to sell bitcoins at a loss to repay debts, which is exactly the scenario that critics of debt-driven treasury strategies warned about.This model sharply contrasts with Strategy's approach of viewing bitcoin as "perpetual digital credit" and continuously using bitcoin as collateral to finance acquisitions. Analysts believe this reflects the survival pressure faced by crypto treasuries and mining companies in a bear market environment.

According to Onchain Lens monitoring, jez (@izebel_eth) (0x09d...1697) associated wallet deposited 550,000 USDC into Hyperliquid and went long on ETH with 20x leverage and long on TAO with 5x leverage.

According to monitoring by Lookonchain, due to the drop in oil prices, the trader address starting with 0xF35A went long on 189,904 xyz:BRENTOIL (worth about 20.19 million USD) with 5x leverage 4 days ago, and has now been fully liquidated, resulting in a loss of about 3.21 million USD.

According to Lookonchain monitoring, the account (0x9657...165c) opened a long position of 280.2 BTC with 40x leverage, worth 19.07 million USD, and was partially liquidated in less than 1 hour.Currently, the address holds 224.16 BTC, worth 15.18 million USD, with a new liquidation price of 67587.12 USD.

According to on-chain analyst @ai_9684xtpa, the whale "UnRektCapital," which is long on crude oil and short on BTC, has become the second-largest short position in Bitcoin on Hyperliquid. After increasing its position, it holds a total of 616 BTC with a 40x short position, valued at $42.29 million, with an opening price of $72,144, currently showing an unrealized profit of $2.15 million;In addition, it has also shorted HYPE / TRUMP / SILVER, with a total short position of $58.588 million, while simultaneously going long on Brent crude oil valued at $5.46 million. All five positions are currently in a state of unrealized profit, with a total unrealized profit exceeding $6.6 million.

Ethereum co-founder Vitalik Buterin praised Alibaba's Qwen 35B parameter model's problem-solving ability in a social media post. This artificial intelligence model successfully solved a complex mathematical problem, consuming about 15,000 tokens during the reasoning process, and completed the calculation in just 3 minutes on a local device.Vitalik Buterin pointed out that the problem demonstrated the technique of embedding modular arithmetic into continuous function expressions using trigonometric functions, showcasing the Qwen model's capabilities in mathematical reasoning.

According to monitoring by Lookonchain, trader 0x0833 has opened a long position of 125,000 LINK tokens (worth 1.14 million USD) with a leverage of 10 times.Previously, he made a profit of 169,000 USD by trading LINK long and short.

According to Lookonchain monitoring, Twenty One Capital transferred 392.19 BTC (worth 27.67 million USD) to Bitfinex after a 2-month silence.