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On April 7, Monday, the cryptocurrency advocacy group responded to the U.S. Securities and Exchange Commission (SEC) regarding a letter from Citadel in December, which called for stricter regulation of DeFi. In December, Citadel stated that many DeFi protocols connect buyers and sellers through non-discretionary methods such as algorithms, fitting the definition of exchanges. The company urged the SEC to adopt a more formal approach to rulemaking through announcements and comments, rather than granting exemptions as currently considered by regulators. However, the Blockchain Association refuted this stance, arguing that DeFi protocol developers are neither brokers nor dealers and do not operate exchanges, and therefore "cannot be forced into statutory categories designed for intermediaries that operate manually."

[Blockchain Association Challenges Citadel's Innovation Exemption to SEC]On April 7, Monday, the cryptocurrency advocacy group responded to the U.S. Securities and Exchange Commission (SEC) regarding a letter from Citadel in December, which called for stricter regulation of DeFi. In December, Citadel stated that many DeFi protocols connect buyers and sellers through non-discretionary methods such as algorithms, fitting the definition of exchanges. The company urged the SEC to adopt a more formal approach to rulemaking through announcements and comments, rather than granting exemptions as currently considered by regulators. However, the Blockchain Association refuted this stance, arguing that DeFi protocol developers are neither brokers nor dealers and do not operate exchanges, and therefore "cannot be forced into statutory categories designed for intermediaries that operate manually."

Blockchain Association Challenges Citadel's Innovation Exemption to SEC

On April 7, local news media Blockmedia reported that South Korean fintech giant Toss is considering launching a native cryptocurrency on a Layer 1 mainnet, and may also introduce a Layer 2 network for scalability. The report cited informed sources stating that Toss has not yet decided whether to launch a Layer 1 network or a Layer 2 network. It is noted that the decision-making process is hindered by delays in the formulation of South Korea's 'Basic Digital Asset Act.' This legislation is a comprehensive rulebook for cryptocurrencies, covering areas such as token issuance, stablecoins, and crypto ETFs.

[South Korean Fintech Giant Toss Plans to Launch Native Cryptocurrency]On April 7, local news media Blockmedia reported that South Korean fintech giant Toss is considering launching a native cryptocurrency on a Layer 1 mainnet, and may also introduce a Layer 2 network for scalability. The report cited informed sources stating that Toss has not yet decided whether to launch a Layer 1 network or a Layer 2 network. It is noted that the decision-making process is hindered by delays in the formulation of South Korea's 'Basic Digital Asset Act.' This legislation is a comprehensive rulebook for cryptocurrencies, covering areas such as token issuance, stablecoins, and crypto ETFs.

South Korean Fintech Giant Toss Plans to Launch Native Cryptocurrency

On April 7, the on-chain prediction market platform Polymarket announced that it will undergo its "largest infrastructure upgrade since launch" within the next 2-3 weeks, including a comprehensive overhaul of its matching engine and the introduction of a native stablecoin, Polymarket USD. This upgrade will introduce a new CTF Exchange V2 smart contract system, optimizing matching logic and order structure, improving matching efficiency, and reducing gas costs. Additionally, the platform will upgrade its Central Limit Order Book (CLOB) to a hybrid model of off-chain order matching and on-chain settlement. On the asset side, Polymarket will launch the native stablecoin Polymarket USD, pegged 1:1 to USDC, to replace the previous cross-chain version USDC.e on Polygon, enhancing asset security and consistency. Furthermore, the platform will support the EIP-1271 standard, allowing multi-signature wallets (such as Safe) to participate directly in trading, further expanding use cases for institutions and advanced users. Polymarket stated that the existing order book will be cleared during the upgrade, and specific maintenance times will be announced one week in advance. This upgrade comes at a time of intensified competition in the prediction market sector, as the platform accelerates its performance and user experience enhancements.

[Polymarket Announces Major Upgrade: Overhauling Matching Engine and Launching Native Stablecoin]On April 7, the on-chain prediction market platform Polymarket announced that it will undergo its "largest infrastructure upgrade since launch" within the next 2-3 weeks, including a comprehensive overhaul of its matching engine and the introduction of a native stablecoin, Polymarket USD. This upgrade will introduce a new CTF Exchange V2 smart contract system, optimizing matching logic and order structure, improving matching efficiency, and reducing gas costs. Additionally, the platform will upgrade its Central Limit Order Book (CLOB) to a hybrid model of off-chain order matching and on-chain settlement. On the asset side, Polymarket will launch the native stablecoin Polymarket USD, pegged 1:1 to USDC, to replace the previous cross-chain version USDC.e on Polygon, enhancing asset security and consistency. Furthermore, the platform will support the EIP-1271 standard, allowing multi-signature wallets (such as Safe) to participate directly in trading, further expanding use cases for institutions and advanced users. Polymarket stated that the existing order book will be cleared during the upgrade, and specific maintenance times will be announced one week in advance. This upgrade comes at a time of intensified competition in the prediction market sector, as the platform accelerates its performance and user experience enhancements.

Polymarket Announces Major Upgrade: Overhauling Matching Engine and Launching Native Stablecoin

On April 7, Chaos Labs announced that it will end its role as a core contributor to the Aave ecosystem after three years. The team stated that there are fundamental disagreements regarding 'risk management approaches,' which have continued to widen as the protocol develops. Chaos Labs pointed out three main reasons: 
· Loss of core contributors has significantly increased operational pressure and risk. 
· Aave V4 expands the scope of risk management while increasing operational and legal burdens. 
· Long-term participation has been in a state of loss, and even with increased budgets, profitability remains difficult to achieve. 
The team stated that the current path either requires lowering execution standards or continuing to incur losses, both of which are unacceptable, leading to the decision to exit.

[Chaos Labs Exits Aave Ecosystem, Citing Fundamental Disagreement on Risk Management]On April 7, Chaos Labs announced that it will end its role as a core contributor to the Aave ecosystem after three years. The team stated that there are fundamental disagreements regarding 'risk management approaches,' which have continued to widen as the protocol develops. Chaos Labs pointed out three main reasons: 
· Loss of core contributors has significantly increased operational pressure and risk. 
· Aave V4 expands the scope of risk management while increasing operational and legal burdens. 
· Long-term participation has been in a state of loss, and even with increased budgets, profitability remains difficult to achieve. 
The team stated that the current path either requires lowering execution standards or continuing to incur losses, both of which are unacceptable, leading to the decision to exit.

Chaos Labs Exits Aave Ecosystem, Citing Fundamental Disagreement on Risk Management

On April 7, according to HTX market data, Bitcoin briefly surpassed $70,000, currently retreating to $69,907, with a 24-hour increase of 3.84%.

[Bitcoin Briefly Surpasses $70,000]On April 7, according to HTX market data, Bitcoin briefly surpassed $70,000, currently retreating to $69,907, with a 24-hour increase of 3.84%.

Bitcoin Briefly Surpasses $70,000

On April 7, U.S. President Trump stated, "Regarding Iran, we have achieved regime change, and they have become more moderate. I am not concerned about those worries regarding civilian infrastructure. Allowing Iran to possess nuclear weapons is a war crime. I hope to seize Iran's oil."

[Trump: Hopes to Seize Iran's Oil]On April 7, U.S. President Trump stated, "Regarding Iran, we have achieved regime change, and they have become more moderate. I am not concerned about those worries regarding civilian infrastructure. Allowing Iran to possess nuclear weapons is a war crime. I hope to seize Iran's oil."

Trump: Hopes to Seize Iran's Oil

On April 7, Chaos Labs announced that it would end its three-year role as a core contributor to the Aave ecosystem. The team stated that there are fundamental disagreements between the two parties regarding 'risk management approaches,' which have continued to widen as the protocol develops. Chaos Labs pointed out three main reasons: · The loss of core contributors has significantly increased operational pressure and risk. · Aave V4 expands the scope of risk management while increasing operational and legal burdens. · Long-term participation has been in a state of loss, making it difficult to achieve profitability even with increased budgets. The team indicated that under the current path, they would either have to lower execution standards or continue to incur losses, both of which are unacceptable, leading to the decision to exit.

[Chaos Labs Exits Aave Ecosystem, Citing Fundamental Disagreements on Risk Management]On April 7, Chaos Labs announced that it would end its three-year role as a core contributor to the Aave ecosystem. The team stated that there are fundamental disagreements between the two parties regarding 'risk management approaches,' which have continued to widen as the protocol develops. Chaos Labs pointed out three main reasons: · The loss of core contributors has significantly increased operational pressure and risk. · Aave V4 expands the scope of risk management while increasing operational and legal burdens. · Long-term participation has been in a state of loss, making it difficult to achieve profitability even with increased budgets. The team indicated that under the current path, they would either have to lower execution standards or continue to incur losses, both of which are unacceptable, leading to the decision to exit.

Chaos Labs Exits Aave Ecosystem, Citing Fundamental Disagreements on Risk Management

On April 7, monitoring of the Strait of Hormuz showed that the number of vessels crossing the strait increased over the weekend. (Jinshi)

[Increase in Number of Vessels Crossing the Strait of Hormuz Over the Weekend]On April 7, monitoring of the Strait of Hormuz showed that the number of vessels crossing the strait increased over the weekend. (Jinshi)

Increase in Number of Vessels Crossing the Strait of Hormuz Over the Weekend

On April 7, White House economic advisor Hassett stated that the Federal Reserve should have the capability to lower interest rates. (Jin Shi)

[Hassett: The Federal Reserve Should Have the Ability to Cut Interest Rates]On April 7, White House economic advisor Hassett stated that the Federal Reserve should have the capability to lower interest rates. (Jin Shi)

Hassett: The Federal Reserve Should Have the Ability to Cut Interest Rates

Jeff Schulze of Clearbridge Investments pointed out in a report that the U.S. January labor market data is positive for risk assets, as the data shows a solid employment base that can further drive consumption growth. He stated that investors have pushed back expectations for a Federal Reserve rate cut from June to July because the data indicates that the current labor market can sustain growth without additional monetary easing. Although rising interest rates bring pressure, the improved economic growth outlook has fully offset this impact. Schulze also reminded that although the report is generally positive, January data is often heavily influenced by seasonal factors, which may exaggerate the performance of the employment report for the month. (Jin10)

[Analysts: Solid US employment base in January is a boon for risk assets.]Jeff Schulze of Clearbridge Investments pointed out in a report that the U.S. January labor market data is positive for risk assets, as the data shows a solid employment base that can further drive consumption growth. He stated that investors have pushed back expectations for a Federal Reserve rate cut from June to July because the data indicates that the current labor market can sustain growth without additional monetary easing. Although rising interest rates bring pressure, the improved economic growth outlook has fully offset this impact. Schulze also reminded that although the report is generally positive, January data is often heavily influenced by seasonal factors, which may exaggerate the performance of the employment report for the month. (Jin10)

Analysts: Solid US employment base in January is a boon for risk assets.

Article

Probability of U.S. Invasion of Iran Rises to 63% on Polymarket After Trump’s Statement

BTC broke through 68000  USDT

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Charles Schwab to Launch Bitcoin and Ethereum Spot Trading in H1 2026

BTC broke through 69000  USDT

Analysts: Solid US employment base in January is a boon for risk assets.

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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