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4/29
11:14
Svmuu reported that crypto journalist Eleanor Terrett stated on platform X that US Senator Thom Tillis plans to push the Clarity Bill into the markup phase of the Senate Banking Committee as soon as possible, noting that legislative progress has "achieved significant consensus" and should now enter the formal advancement process. Thom Tillis stated in Congress that he will ask the committee chairman to schedule a review meeting after the congressional recess, and expects to release legislative text on stablecoin yield provisions 4 to 5 days before the markup, allowing the industry and relevant parties to review it in advance. He added that most of the banking industry's concerns regarding risks associated with stablecoin yields have been addressed in discussions, and encourages institutions with remaining objections to "participate in good faith to improve the legislation."
Furthermore, Thom Tillis mentioned that regarding issues such as the potential impact of applying 1960s-era criminal provisions to software developers and law enforcement, he generally supports the legislative framework direction proposed by Senator Cynthia Lummis. This statement indicates that US crypto regulatory legislation is accelerating into a substantive advancement phase concerning stablecoins and the definition of developer responsibilities.
11:05
SvmuuNews Adrian Fritz, Chief Investment Officer of 21Shares, stated that spot Bitcoin ETFs continue to attract capital inflows, reinforcing Bitcoin's core position in institutional asset allocation, even as the price remains volatile below the $80,000 mark. Adrian Fritz pointed out that since the beginning of this year, Bitcoin ETFs have absorbed nearly $2 billion in funds, sourced from retail investors, institutions, and hedge funds engaging in arbitrage and options strategies. He believes that as traditional asset management institutions like Morgan Stanley accelerate their deployment, crypto assets are being more broadly incorporated into multi-asset portfolio allocations. Bitcoin's current daily trading volume has exceeded $50 billion, with liquidity levels approaching those of large-cap tech stocks like Nvidia. The ETF mechanism simultaneously provides primary and secondary market liquidity, gradually granting it "institutional-grade asset" attributes.
Although the market remains under pressure from macroeconomic conditions and interest rate environments, Adrian Fritz believes that ETF inflows have shifted from being speculation-driven to structural demand. He predicts that driven by factors such as improving geopolitical conditions, sustained capital inflows, and short covering, Bitcoin could challenge the $100,000 threshold this year. Meanwhile, differentiation among altcoins is intensifying, with the market shifting towards an asset selection logic that places greater emphasis on fundamentals and cash flow. (CoinDesk)
10:52
Svmuu AI financial workflow platform Rogo announced the completion of a $160 million Series D funding round, led by Kleiner Perkins, with participation from Sequoia Capital, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, and others. Rogo stated that its AI system has been deployed at several of the world's top investment banks, asset management firms, and private equity institutions to enhance efficiency in investment research, modeling, and client communication. The proceeds will be used to deepen system integration, expand on-site engineering and investment banking teams, and accelerate expansion into European and Asian markets. The company emphasized that AI is driving the 'democratization and efficiency restructuring' of high-end financial services capabilities.
10:43
Svmuu reported that MegaETH has announced that the MEGA token will launch on-chain trading at 18:00 Beijing time on April 30, with off-chain trading opening at 19:00.
10:37
Svmuu reported that according to data from the U.S. Energy Information Administration (EIA), U.S. net crude oil imports turned negative in the latest week, reaching an all-time low. Meanwhile, the country's weekly crude oil exports surged to a record high of over 6 million barrels per day. (Jinshi)
10:30
Svmuu News: US EIA crude oil inventories for the week ending April 24 were -6.234 million barrels, compared to an expected -0.231 million barrels and a previous value of 1.925 million barrels. (Jin10)
10:29
Svmuu reported that Kevin Warsh, nominated by U.S. President Donald Trump as the next Federal Reserve Chair candidate, received support from the Senate Banking Committee in a 13-11 vote. This paves the way for him to obtain full Senate confirmation before Powell's term ends on May 15. The nomination will subsequently proceed to a full Senate vote. Warsh’s nomination had previously been blocked by Republican Senator Tom Tillis until the Department of Justice agreed last week to temporarily suspend its criminal investigation into cost overruns related to the renovation of the Federal Reserve’s Washington headquarters. This vote makes it increasingly likely that a Fed under Warsh’s leadership will see the biggest shake-up at the U.S. central bank in years. While campaigning for Trump’s nomination, Warsh raised the prospect of a “regime change,” promising to shrink the Fed’s $6.7 trillion balance sheet, establish a new inflation management framework, and change the way the central bank communicates with the public. However, he has provided few specifics on how he intends to achieve these goals. (Jin Shi)
10:27
Svmuu reported that, according to Arkham monitoring, about 1 hour ago, Grayscale transferred 3004 ETH, worth $6.95 million, to Coinbase.
10:23
Svmuu News: Intel (INTC.O) rises 7%, with its stock price hitting a new all-time high, up 105% this month. (Jinshi Data)
10:20
Svmuu reported that according to IPO documents, Musk's board seat or executive position at SpaceX can only be removed through a vote of the stock class he controls. (Jinshi)
10:18
Svmuu reported that according to official sources, Gate has now launched AIGENSYN perpetual contract trading (settled in USDT), supporting leverage of 1-20 times.
10:18
Svmuureported that the Foreign Investment Security Review Office of the National Development and Reform Commission has prohibited a foreign acquisition of the Manus project and ordered the transaction to be rescinded. Earlier this year, the world's first general-purpose AI agent, Manus, had announced it was about to be acquired by US tech giant Meta. This merger and acquisition case was blocked due to issues involving the international environment, key technologies, and data security, setting a precedent. Experts stated that Manus, after initially developing with Chinese engineers and infrastructure, relocated to Singapore through capital maneuvers and attempted to sell itself to Meta, drawing regulatory attention. This move indicates that China remains open to foreign investment but maintains caution regarding critical and sensitive investments, emphasizing compliance regulation. (CCTV News)
10:16
SvmuuNews After US President Donald Trump rejected the previous version of the peace proposal, Pakistani mediators expect Iran to submit a revised proposal. Sources familiar with the matter said Iran may respond as early as today or delay it until Friday. The sources also indicated that the delay suggests difficulties in getting in touch with Iran's Supreme Leader Ayatollah Mojtaba Khamenei. Reports say all parties are showing patience in different ways. Pakistani Prime Minister Shehbaz Sharif told his cabinet that the Iranian Foreign Minister, who led the negotiations in Islamabad over the weekend, "assured me he would give me an answer." Although no specific timeline was given, this public prodding of Iran is noteworthy, especially after the White House stated that its patience is wearing thin. (CNN)
10:13
Svmuu reported that the US Senate Banking Committee voted to advance Kevin Warsh’s nomination for Federal Reserve Chair to the full Senate. (Jinshi)
10:12
Svmuureports that the latest practices from xAI show that even after successfully acquiring a large number of Nvidia server-grade GPUs, how to utilize them efficiently remains one of the core bottlenecks in AI training.
As AI developers continue to compete for Nvidia computing resources, the tight supply of GPUs has been widely recognized. However, the new challenge for the industry lies in "utilization efficiency" itself. AI model training typically exhibits a distinctly "bursty" nature: GPUs operate intensively for short periods, then enter idle phases for result analysis and strategy adjustments.
This uneven pattern of computing power usage makes it difficult for large-scale GPU clusters to maintain consistently high utilization rates, resulting in significant waste of computing power even when hardware is abundant.
Industry insiders point out that this issue is forcing AI companies to redesign training architectures and scheduling systems to improve the overall utilization efficiency of GPU clusters, rather than simply expanding the scale of computing power. (The Information)
10:09
Svmuu reported that Jason Karsh, the new Chief Marketing Officer of the Stellar Development Foundation, stated that for the crypto industry to achieve mainstream adoption, it must shift from short-term speculation and "hype cycles" to long-term value creation, emphasizing that "get rich slow" is the key path to building trust.
Karsh pointed out that the industry's long-standing reliance on obscure jargon and technical terminology has actually widened the cognitive gap with average users. He believes that crypto "peaked too early in the public eye" due to the speculative frenzy, distorting its true value potential. He emphasized that the real opportunity lies in rebuilding the global financial infrastructure to enable more efficient value transfer and storage. Meanwhile, the Stellar Development Foundation, which has consistently focused on payment and cross-border financial applications since 2014, is now benefiting from the gradual regulatory recognition of stablecoins and tokenized assets.
Karsh called stablecoins "the first killer app," but also noted that there is still a barrier to public understanding, suggesting they be redefined as "programmable dollars." He stated that the industry's future goal is to drive trillions of dollars in assets onto the blockchain, but the key lies in rebuilding trust at both the product and narrative levels, rather than relying on token issuance to drive growth. He concluded that the next wave of crypto growth will come from replacing traditional financial infrastructure, not just speculative cycles, but in the short term, the industry must first prioritize the foundational adoption phase of "attracting 100 million real users." (CoinDesk)
10:07
Svmuureports that White House officials said Trump met with oil company executives on Tuesday to discuss the possibility of maintaining a blockade of the Strait of Hormuz for several months if necessary. The already pressured U.S. Treasury bond prices fell on the news. Brent crude oil continued to climb following the report, with its intraday gain once expanding to 5%, further hitting the bond market. Commodity Trading Advisors (CTAs) covered profitable short positions after the data release, then began selling again. As support levels at various maturities on the yield curve were breached, algorithmic trading took over. (Jinshi)
10:06
Svmuureports: According to official sources, OKX Onchain OS has launched the Agent Payments Protocol (APP), an open payment standard designed for the commercial activities of AI Agents. This protocol defines the payment methods for Agents in commercial scenarios, expanding their capabilities from single payments to complete business processes, and will support various payment modes including one-time payments, batch payments, usage-based payments, and escrow payments.
It is reported that APP adopts a multi-chain open architecture, allowing any chain to implement its own version. Initial partners include the Ethereum Foundation, Uniswap, Aptos, Nansen, Paxos, MoonPay, Altlayer, Zerion, QuickNode, and others. OKX Onchain OS stated that the launch of APP will provide key payment infrastructure for the Agent economy, driving AI Agents from "executing payments" into a "commercial era."
10:01
Svmuu reported that European financial giant BNP Paribas has issued a severe warning about the global economic outlook in its latest quarterly outlook, suggesting that three potential scenarios, including oil prices reaching $200 per barrel, could plunge the global economy into recession. The Iran conflict has already caused a significant impact on the global economy, but has not yet completely derailed it. Compared with expectations at the beginning of the year, global GDP growth will slow, inflation will remain high, and central banks will maintain a more hawkish monetary policy.
Current oil prices are surging rapidly. On Wednesday, both U.S. and Brent crude continued to rise, with WTI crude's intraday gains once expanding to 5%, and Brent crude touching $109 per barrel for the first time since March 23. This follows Iran's threat of an "unprecedented" military retaliation against a U.S. maritime blockade, while White House officials stated that Trump discussed with oil companies a plan to potentially maintain the blockade against Iran for several months if necessary. BNP Paribas pointed out that, in addition to oil prices soaring to $200, there are two other related factors that could potentially trigger a global recession. Moreover, under the scenario of a prolonged conflict, these three factors are likely to occur simultaneously and reinforce each other.
The first risk is the disruption of energy supply in the Middle East, exacerbating global supply chain bottlenecks. Disruptions to shipping through the Strait of Hormuz could impede the transportation of global energy and critical components, potentially forcing rationed supplies of some materials.
The second risk is high inflation, forcing central banks to tighten monetary policy. Sustained monetary tightening will further suppress economic activity and amplify the risk of recession.
10:01
Svmuu, Solana ecosystem multi-signature protocol Squads announced the completion of an $18 million strategic funding round, led by Solana Ventures, with participation from Coinbase Ventures, Haun Ventures, L1D, and others. To date, its total cumulative funding has reached $42.9 million. It is reported that Squads' stablecoin payment platform, Altitude, allows enterprises to conduct 24/7 global payment settlements in stablecoins through self-custodial wallets, and connects to the global payment network via its compliance and risk control system. (The Block)

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