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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

On April 7, the court ruled that New Jersey does not have clear jurisdiction over contracts related to sports events, marking a victory for prediction markets.

[Kalshi Wins Appeal on Sports Event Contracts in New Jersey]On April 7, the court ruled that New Jersey does not have clear jurisdiction over contracts related to sports events, marking a victory for prediction markets.

Kalshi Wins Appeal on Sports Event Contracts in New Jersey

According to Forkast, the Singapore High Court issued a “huge decision” in affirming the court’s jurisdiction over a case involving a non-fungible token (NFT). The case involves a plaintiff who used a Bored Ape Yacht Club NFT as collateral for an Ethereum-based decentralized finance (DeFi) loan of $150,000 in March this year, according to court documents. The NFT was valued at $500,000 at the time. The defendant, who is known only under the online pseudonym “chefpierre,” later foreclosed the loan in a dispute over a refinancing of the debt and moved the NFT from an escrow wallet to a personal wallet, according to the court documents. The judge in the case, Justice Lee Seiu Kin, in May placed an injunction to block any sale and transfer of the NFT in question and has now ruled Singapore has jurisdiction in the case.

Detail

【The Singapore High Court rules court has jurisdiction over a case involving NFT】According to Forkast, the Singapore High Court issued a “huge decision” in affirming the court’s jurisdiction over a case involving a non-fungible token (NFT). The case involves a plaintiff who used a Bored Ape Yacht Club NFT as collateral for an Ethereum-based decentralized finance (DeFi) loan of $150,000 in March this year, according to court documents. The NFT was valued at $500,000 at the time. The defendant, who is known only under the online pseudonym “chefpierre,” later foreclosed the loan in a dispute over a refinancing of the debt and moved the NFT from an escrow wallet to a personal wallet, according to the court documents. The judge in the case, Justice Lee Seiu Kin, in May placed an injunction to block any sale and transfer of the NFT in question and has now ruled Singapore has jurisdiction in the case.

The Singapore High Court rules court has jurisdiction over a case involving NFT

Article

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The Singapore High Court rules court has jurisdiction over a case involving NFT

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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