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5/4
09:23
Nasdaq-listed Solana treasury firm DeFi Development has announced the launch of a $200 million At-The-Market (ATM) equity financing program to further increase its Solana holdings, supplement working capital, and support strategic development. The company stated that the raised funds will primarily be used to continue executing its Solana reserve strategy, issuing shares only when doing so provides an accretive effect on the per-share SOL holdings value for shareholders, ensuring the financing is accretive in nature.
DeFi Development Corp Chairman and CEO Joseph Onorati stated that the company's core mission is to continuously accumulate SOL reserves for shareholders, and this financing program provides up to $200 million in financial flexibility to continue accumulating when market conditions are favorable. (Globenewswire)
09:07
Svmuu: U.S. Treasury Secretary Bessent stated that we have absolute control over the Strait of Hormuz, the Iranian economy is on the verge of collapse, and the Iranians are unable to control the Strait of Hormuz. (Jinshi)
09:05
According to an official announcement, Coinbase will launch spot trading for BILL (Billions). If liquidity conditions are met, the BILL-USD trading pair will begin opening later today in supported regions.
09:04
Svmuu reported that Payward Inc. (Kraken's parent company) has filed a lawsuit in a Colorado state court, accusing its former custody partner Etana Custody and its CEO Dion Brandon Russell of misappropriating over $25 million in client funds and operating a 'Ponzi-like scheme.'
The lawsuit alleges that Etana commingled custodial assets, using them for operational expenses and high-risk investments, and plugged funding gaps with new money while continuously providing clients with false reports that their funds were 'intact.' Kraken stated that when it attempted to withdraw approximately $25 million in April 2025, it faced delays, with the custodian refusing to honor the request citing 'reconciliation issues.'
Furthermore, Etana is accused of investing at least $16 million of client funds into a defaulted note project, using some assets for foreign exchange hedging trades while retaining the profits. The relevant funds have not been returned to date. Etana has now entered Chapter 11 bankruptcy reorganization proceedings and is under court receivership. Payward is seeking at least $25 million in damages, with the potential to pursue treble damages and other legal remedies. This incident once again highlights the counterparty risk in the crypto custody sector, where the question of whether client assets are truly segregated and securely stored remains a focal point for the market. (CoinDesk)
08:56
Svmuu reports that Applied Digital, a Bitcoin mining hosting and cloud services company, has announced it has secured a $300 million senior secured bridge loan led by Goldman Sachs to advance the construction of its AI data center project. The financing is collateralized by project assets, can be repaid early at any time without penalty, and the company plans to seek additional long-term financing to support the development and construction of the AI data center. (Globenewswire)
08:54
Svmuu消息 According to informed sources, OpenAI has raised over $4 billion to establish a new joint venture focused on helping businesses adopt its artificial intelligence software. According to a person who spoke on condition of anonymity, the new venture, named "The Deployment Company," has received support from 19 investors including TPG Inc., Brookfield Asset Management, Advent, and Bain Capital. The deal values the company at $10 billion, excluding amounts already paid. The source also stated that the joint venture will be controlled and held by OpenAI. (Jinshi)
08:43
According to market sources, OpenAI has finalized a $10 billion joint venture agreement with a private equity giant.
08:41
Svmuu reports that SOL Strategies, a Nasdaq-listed Solana ecosystem treasury company, has announced it has entered into a definitive agreement to acquire HoudiniSwap, a cross-chain privacy exchange aggregation platform, for $18 million.
HoudiniSwap is a non-custodial, privacy-oriented cross-chain transaction aggregator that enables users to find the best exchange routes across centralized exchanges, decentralized exchanges, and cross-chain bridges. The platform generated approximately $13 million in revenue last year.
SOL Strategies stated that this acquisition supports its long-term strategy to "embed Solana into institutional financial infrastructure," expanding from a single validator and staking business into transaction routing, cross-chain liquidity, and software-based revenue structures. (The Block)
08:35
Svmuu reported that Ethereum treasury company Bitmine Immersion Technologies disclosed the addition of 101,745 ETH last week. The company's current crypto asset holdings include 5,180,131 ETH, 200 BTC, equity in Eightco Holdings valued at $83 million, and shares in Beast Industries worth $200 million. Additionally, the total amount of ETH staked by the company is 4,362,757 (calculated at $2,336 per ETH, totaling $10.2 billion). (PRNewswire)
08:30
According to Gate data, WTI crude oil's intraday gains have narrowed to approximately 2.5%, currently standing at $104.6 per barrel, nearly erasing all gains since Iran claimed to have hit a US warship.
08:24
Svmuu News: South Korea's crypto industry has expressed strong concerns over proposed amendments to anti-money laundering (AML) regulations, arguing that the rules could impose excessive compliance burdens on Virtual Asset Service Providers (VASPs).
According to Yonhap News Agency, the Digital Asset eXchange Alliance (DAXA), representing 27 VASPs including Upbit, Bithumb, Coinone, Korbit, and Gopax, submitted comments opposing the classification of all overseas virtual asset transfers exceeding 10 million won (approximately $6,800) as suspicious transaction reports.
DAXA warned that this rule could cause the number of suspicious transaction reports from South Korea's top five exchanges to skyrocket from approximately 63,000 last year to over 5.4 million—an increase of about 85 times—severely impacting the efficiency of actual compliance execution. Furthermore, the industry also opposes a new obligation requiring exchanges to verify the accuracy of customer information, arguing it exceeds the scope of current legal authorization.
South Korea's Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) proposed the relevant amendments on March 30, which have now entered a public comment period, with final deliberation expected to be completed in July.
Meanwhile, legal disputes between Korean exchanges and regulators over AML penalties continue. Multiple platforms are challenging previous business restrictions and fines through the courts, reflecting an escalating tension between regulatory tightening and the industry's execution capabilities. (Cointelegraph)
08:21
Svmuu reports that U.S. President Trump stated that two US-flagged merchant ships have successfully transited the Strait of Hormuz. The U.S. Central Command stated that after transiting the Strait of Hormuz, the U.S. Navy guided-missile destroyer is currently operating in the Arabian Gulf in support of the "Freedom of Navigation" plan. (Jin Shi)
08:21
SvmuuNews A countersuit filed by World Liberty Financial has been submitted to a Florida state court, accusing Justin Sun of defamation and claiming he launched a "systematic pressure campaign" against the project. The case stems from a long-standing dispute between the two parties over token freezes and fund control. World Liberty Financial stated that Justin Sun's previous public accusations and related statements on social media constitute defamation. Meanwhile, Sun had previously filed a lawsuit accusing the project of illegally freezing approximately $240 million worth of his token assets. (Fortune)
08:14
Svmuu News Tether Gold (XAUT) continued to expand in the first quarter of 2026, with its total market capitalization surpassing $3.3 billion. Driven by record-high gold prices and heightened macroeconomic uncertainty, investor demand for safe-haven assets has risen significantly.
Data for this quarter shows that its underlying gold reserves increased by 36% quarter-over-quarter, reaching a total reserve of approximately 707,747 ounces as of March 31. This corresponds to a fully 1:1 gold backing for the XAU₮ tokens in circulation, with a total market cap of approximately $3.303 billion. All of XAUT's gold reserves are currently stored in Swiss vaults, compliant with the London Bullion Market Association (LBMA) standards. Each token is backed by 1 ounce of physical gold and undergoes independent third-party periodic audit verification.
Compared to reserves of approximately 520,000 ounces at the end of 2025, gold holdings increased significantly this quarter, reflecting sustained capital inflows into digital products of physical gold. Against a backdrop of high inflation and geopolitical risks, investors are increasingly seeking on-chain programmable and highly liquid exposure to gold.
Tether CEO Paolo Ardoino stated that XAU₮ is proving that tokenized commodities can meet institutional-grade reserve standards, allowing gold to maintain physical backing while possessing the transparency and transferability brought by blockchain technology.
08:13
Svmuu reports that stablecoin infrastructure startup Rain is now valued at $1.95 billion and has announced a partnership with payment giant Mastercard to issue credit and prepaid cards, while also exploring the use of stablecoins for payment settlements. Previously, Rain primarily relied on the Visa network for its card products. This collaboration with Mastercard marks its entry into a "dual-card network" strategy, further expanding its institutional client market. Rain stated that the partnership will focus on serving large institutional clients already deeply integrated with a single payment network, enabling them to introduce stablecoin settlement capabilities without altering their existing payment systems.
Meanwhile, the application of stablecoins continues to expand across the industry, with institutions such as Stripe and Coinbase actively promoting the integration of stablecoin payments and settlements. This indicates that the convergence of traditional finance and crypto payment infrastructure is accelerating. Analysts suggest that as regulatory frameworks gradually become clearer, stablecoins are rapidly transitioning from trading tools to enterprise payment and cross-border settlement infrastructure. (Fortune)
08:10
Svmuu reported that a regulatory review delay by the U.S. SEC has prevented the first batch of ETF products linked to prediction markets from launching as scheduled, postponing their listing timeline. Multiple institutions, including Roundhill Investments, GraniteShares, and Bitwise Asset Management, submitted applications for over 20 prediction market-related ETFs in February this year. These event-driven products cover topics such as election outcomes, economic recessions, tech layoffs, and commodity prices.
Under SEC rules, ETFs typically automatically become effective within 75 days of filing, unless the regulator requests further review. These products were originally expected to launch this week, but their listing has been delayed as the SEC has requested issuers to provide additional details on product mechanisms and disclosures. Relevant sources indicate this delay may be a short-term adjustment. These ETFs typically track "yes/no" event probabilities—such as election results or economic indicators—through derivative instruments and are linked to CFTC-regulated prediction market platforms like Kalshi. Each contract pays $1 if the event occurs, or zero otherwise.
While prediction market trading has recently grown rapidly due to increased activity surrounding political events and geopolitical conflicts, it has also raised regulatory concerns regarding insider trading and market manipulation. Bitwise's Chief Investment Officer noted that innovative financial products often require a longer regulatory cycle but may ultimately succeed, emphasizing that prediction market ETFs could become a new channel for retail investors to access event-based trading. (Reuters)
08:07
Svmuu reported: According to market sources, Strategy has paused its Bitcoin accumulation while raising approximately $82 million through stock issuance. Its total Bitcoin holdings remain at 818,334 BTC.
Analysts believe that despite the short-term pause in accumulation, Strategy continues to secure funding through capital markets, providing financial support for its long-term Bitcoin reserve strategy. This fundraising primarily relies on equity sale arrangements rather than debt expansion. The market is widely watching Strategy's first phased halt after consecutive rounds of accumulation, which may reflect a more flexible capital allocation strategy within the current price range. However, its overarching "Bitcoin balance sheet" strategy remains unchanged.
07:59
Svmuureports that, according to an official announcement, the single-day trading volume of Bitget's CFD segment has exceeded $8 billion. Driven by the global macroeconomic environment and asset allocation demands, activity in gold-related products has surged, contributing approximately 95% of the trading volume increase, becoming the core engine driving cross-asset trading.
From a regional distribution perspective, a healthy trend of global synergistic growth is evident. Among this, the Chinese-speaking region contributed 42% of the trading increase, the European market accounted for 27%, and the Southeast Asian market represented 16%. These three core markets collectively contributed 85% of the total increase.
07:58
Svmuu reported that on-chain sleuth ZachXBT posted on platform X, publicly criticizing Tokenlon and imToken, claiming they have become high-risk channels for illegal fund flows and stating that further action will be taken against the relevant platforms. According to him, the majority of Tokenlon's transaction volume originates from pig butchering scams, investment fraud, and various illegal market activities, and he directly stated that its co-founder, Ben He, should "bear legal responsibility for the relevant actions." He indicated that he will continue to investigate and take action against the Tokenlon and imToken ecosystem in the future. Tokenlon has almost no real transaction demand outside of Southeast Asia, and a significant proportion of its on-chain activity is related to illegal fund flows, with this issue having markedly intensified since 2022.
Furthermore, ZachXBT also named several so-called offshore large-scale trading and aggregation platforms, including Butter Network, HiFiSwap, Bridgers / SWFT, and Tokenlon, stating that they should face stricter regulation and enforcement due to potential criminal activities.
07:55
Svmuu reports that cross-border remittance giant Western Union has announced the launch of the US dollar stablecoin USDPT on the Solana blockchain. USDPT is issued by Anchorage Digital Bank, is fully backed by the US dollar on a 1:1 basis, and is built on Solana.
It is reported that USDPT will be directly integrated into its global payment system to build a more efficient settlement layer. It will serve agents, partners, and future consumer application scenarios, aiming to provide on-chain settlement capabilities for cross-border payments, combining the efficiency of blockchain settlement with Western Union's global compliance and distribution network. (Businesswire)

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