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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

Market data shows that BTC has surpassed $70,000, currently priced at $70,003.25, with a 24-hour increase of 3.96%. The market is experiencing significant volatility, so please ensure proper risk management.

[BTC Surpasses $70,000]Market data shows that BTC has surpassed $70,000, currently priced at $70,003.25, with a 24-hour increase of 3.96%. The market is experiencing significant volatility, so please ensure proper risk management.

BTC Surpasses $70,000

According to NewsWire, Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy" or "the Company"), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, and Itaú Asset Management ("Itaú Asset") the largest private asset manager in Latin America, today announced a strategic partnership to develop a comprehensive suite of Brazilian-listed, physically backed, digital asset exchange-traded funds.
The first ETF of this new partnership, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11), will start trading at the market's open on November 10, 2022, on the B3 Stock Exchange as part of Itaú Asset's broader ETF suite, the IT Now Series. The initial product will offer investors exposure to Bitcoin, the largest cryptocurrency by market cap. Galaxy and Itaú Asset aim to expand the suite over time to include other diversified strategies in the digital asset space.

Detail

【Galaxy and Itaú Asset Management partner to launch crypto ETFs in Brazil】According to NewsWire, Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy" or "the Company"), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, and Itaú Asset Management ("Itaú Asset") the largest private asset manager in Latin America, today announced a strategic partnership to develop a comprehensive suite of Brazilian-listed, physically backed, digital asset exchange-traded funds.
The first ETF of this new partnership, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11), will start trading at the market's open on November 10, 2022, on the B3 Stock Exchange as part of Itaú Asset's broader ETF suite, the IT Now Series. The initial product will offer investors exposure to Bitcoin, the largest cryptocurrency by market cap. Galaxy and Itaú Asset aim to expand the suite over time to include other diversified strategies in the digital asset space.

Galaxy and Itaú Asset Management partner to launch crypto ETFs in Brazil

Article

Israel Believes Chances of Agreement with Iran Are Low, Prepares for Potential Large-Scale Strikes on Iranian Energy Infrastructure

Powell: Contradiction Between Downside Risks in Labor Market and Upside Risks in Inflation

Sources: Israel and the U.S. Finalize Comprehensive Strategic Target List

BTC broke through 68000  USDT

ETH broke through 2100  USDT

Galaxy and Itaú Asset Management partner to launch crypto ETFs in Brazil

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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