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On April 29, payment giant Visa announced the expansion of its stablecoin settlement pilot network, adding support for Base, Polygon, Canton Network, Arc, and Stripe-supported Tempo, now covering 9 blockchain networks. Previously, Visa had supported Ethereum, Solana, Avalanche, and Stellar. Visa stated that its stablecoin settlement project currently has an annual operating scale of $7 billion, a 50% increase from the previous quarter. The project allows issuing institutions and acquiring institutions to settle directly using stablecoins, rather than relying on traditional banking clearing systems. Rubail Birwadker, Head of Global Growth Products and Strategic Partnerships at Visa, stated that current partners are operating in a 'multi-chain world,' and Visa aims to provide broader liquidity access for partners by supporting more networks, while serving as a unified settlement layer for cross-chain coordination.

[Visa Expands Stablecoin Settlement Network to 9 Blockchains, Annual Settlement Volume Reaches $7 Billion]On April 29, payment giant Visa announced the expansion of its stablecoin settlement pilot network, adding support for Base, Polygon, Canton Network, Arc, and Stripe-supported Tempo, now covering 9 blockchain networks. Previously, Visa had supported Ethereum, Solana, Avalanche, and Stellar. Visa stated that its stablecoin settlement project currently has an annual operating scale of $7 billion, a 50% increase from the previous quarter. The project allows issuing institutions and acquiring institutions to settle directly using stablecoins, rather than relying on traditional banking clearing systems. Rubail Birwadker, Head of Global Growth Products and Strategic Partnerships at Visa, stated that current partners are operating in a 'multi-chain world,' and Visa aims to provide broader liquidity access for partners by supporting more networks, while serving as a unified settlement layer for cross-chain coordination.

Visa Expands Stablecoin Settlement Network to 9 Blockchains, Annual Settlement Volume Reaches $7 Billion

On April 29, MegaETH announced on platform X that its native token MEGA will officially launch on April 30 at 18:00 Beijing time (6:00 AM Eastern Time) for on-chain activities and at 19:00 Beijing time (7:00 AM Eastern Time) for off-chain activities.

[MegaETH: MEGA to Officially Launch on April 30]On April 29, MegaETH announced on platform X that its native token MEGA will officially launch on April 30 at 18:00 Beijing time (6:00 AM Eastern Time) for on-chain activities and at 19:00 Beijing time (7:00 AM Eastern Time) for off-chain activities.

MegaETH: MEGA to Officially Launch on April 30

On April 29, Fox Business reporter Eleanor Terrett revealed that U.S. Republican Senator Thom Tillis stated he is ready to push the Clarity Act into the committee for line-by-line amendment review. In an interview on Capitol Hill, Tillis said, "We have made a lot of progress, and it is time to submit the bill to the committee for further advancement." He mentioned that he would request the committee chair to schedule a formal review after Congress reconvenes. Regarding the controversy over stablecoin yields, Tillis noted that most concerns from the banking sector have been heard and addressed, while welcoming all parties to continue to "engage in discussions in good faith." In terms of timing, Tillis expressed hope to release the legislative text concerning stablecoin yield provisions 4 to 5 days before the formal review, providing a preview version to relevant stakeholders in advance. Additionally, regarding the responsibilities of software developers and the potential impact of 1960 criminal regulations on law enforcement, Tillis expressed overall support for the legislative direction currently being promoted by Cynthia Lummis.

[Senator Tillis Prepares to Advance the Clarity Act to Committee Review Stage]On April 29, Fox Business reporter Eleanor Terrett revealed that U.S. Republican Senator Thom Tillis stated he is ready to push the Clarity Act into the committee for line-by-line amendment review. In an interview on Capitol Hill, Tillis said, "We have made a lot of progress, and it is time to submit the bill to the committee for further advancement." He mentioned that he would request the committee chair to schedule a formal review after Congress reconvenes. Regarding the controversy over stablecoin yields, Tillis noted that most concerns from the banking sector have been heard and addressed, while welcoming all parties to continue to "engage in discussions in good faith." In terms of timing, Tillis expressed hope to release the legislative text concerning stablecoin yield provisions 4 to 5 days before the formal review, providing a preview version to relevant stakeholders in advance. Additionally, regarding the responsibilities of software developers and the potential impact of 1960 criminal regulations on law enforcement, Tillis expressed overall support for the legislative direction currently being promoted by Cynthia Lummis.

Senator Tillis Prepares to Advance the Clarity Act to Committee Review Stage

On April 29, the U.S. Senate Banking Committee voted 13-11 to advance President Trump's nomination of Kevin Warsh as the next Federal Reserve Chair, sending it to the full Senate for a final vote. The vote displayed clear partisan divides, with all Republican members in support and all Democratic members opposed. Nick Timiraos, referred to as the 'voice of the Fed,' noted that this is a rare instance of a Fed Chair nomination proceeding along party lines in recent years, as previous nominations of Jerome Powell received bipartisan support. Republican Senator Thom Tillis had previously opposed advancing the nomination due to the Justice Department's investigation into Powell. However, after the Justice Department announced the termination of the related criminal investigation, which would be handled by the Fed's Inspector General, the nomination process resumed. Democrats continue to question whether Warsh might undermine the Fed's independence, with Senate Banking Committee Democratic leader Elizabeth Warren criticizing him as potentially being a 'political puppet' for Trump. The market widely expects that, given the Republican majority in the Senate, Warsh will likely be confirmed. Current Fed Chair Powell's term will officially end on May 15.

[Kevin Warsh's Nomination for Fed Chair Passes Senate Banking Committee]On April 29, the U.S. Senate Banking Committee voted 13-11 to advance President Trump's nomination of Kevin Warsh as the next Federal Reserve Chair, sending it to the full Senate for a final vote. The vote displayed clear partisan divides, with all Republican members in support and all Democratic members opposed. Nick Timiraos, referred to as the 'voice of the Fed,' noted that this is a rare instance of a Fed Chair nomination proceeding along party lines in recent years, as previous nominations of Jerome Powell received bipartisan support. Republican Senator Thom Tillis had previously opposed advancing the nomination due to the Justice Department's investigation into Powell. However, after the Justice Department announced the termination of the related criminal investigation, which would be handled by the Fed's Inspector General, the nomination process resumed. Democrats continue to question whether Warsh might undermine the Fed's independence, with Senate Banking Committee Democratic leader Elizabeth Warren criticizing him as potentially being a 'political puppet' for Trump. The market widely expects that, given the Republican majority in the Senate, Warsh will likely be confirmed. Current Fed Chair Powell's term will officially end on May 15.

Kevin Warsh's Nomination for Fed Chair Passes Senate Banking Committee

On April 29, Adrian Fritz, Chief Investment Officer of 21Shares, stated in a CoinDesk program that as spot Bitcoin ETFs continue to attract institutional inflows, Bitcoin is gradually becoming part of mainstream multi-asset portfolios. If the macro environment aligns, BTC is expected to rise to $100,000 by the end of the year. Adrian Fritz noted that since the beginning of this year, spot Bitcoin ETFs have absorbed nearly $2 billion in inflows, with buying coming from retail investors, institutions, and hedge funds engaging in arbitrage and options strategies. Major asset management firms, including Morgan Stanley, are continuously entering the crypto market, accelerating the adoption process among institutions. He pointed out that Bitcoin's daily trading volume has exceeded $50 billion, with liquidity levels approaching those of large tech stocks like NVIDIA. The ETF structure has further enhanced liquidity in both primary and secondary markets, allowing Bitcoin to gradually acquire the characteristics of an 'institutional-grade asset.' Regarding the market outlook, Adrian Fritz believes that easing geopolitical tensions, continued net inflows into ETFs, negative funding rates in perpetual contracts leading to short squeezes, and BTC breaking through the 200-day moving average in the $85,000 to $90,000 range could all serve as catalysts for a new upward trend. However, he also cautioned that macro factors still dominate market trends, including PCE inflation data, the Federal Reserve's policy path, and oil price fluctuations. If oil prices break above $100 again, it could exert pressure on risk assets, including Bitcoin. Additionally, he believes that this round of 'altcoin season' may not manifest in the same way as before, with funds increasingly focusing on projects with real revenue and cash flow, specifically mentioning that Hyperliquid is receiving growing attention from traditional investors.

[21Shares CIO: Bitcoin ETF Drives Continued Institutional Inflows, BTC May Reach $100,000 by Year-End]On April 29, Adrian Fritz, Chief Investment Officer of 21Shares, stated in a CoinDesk program that as spot Bitcoin ETFs continue to attract institutional inflows, Bitcoin is gradually becoming part of mainstream multi-asset portfolios. If the macro environment aligns, BTC is expected to rise to $100,000 by the end of the year. Adrian Fritz noted that since the beginning of this year, spot Bitcoin ETFs have absorbed nearly $2 billion in inflows, with buying coming from retail investors, institutions, and hedge funds engaging in arbitrage and options strategies. Major asset management firms, including Morgan Stanley, are continuously entering the crypto market, accelerating the adoption process among institutions. He pointed out that Bitcoin's daily trading volume has exceeded $50 billion, with liquidity levels approaching those of large tech stocks like NVIDIA. The ETF structure has further enhanced liquidity in both primary and secondary markets, allowing Bitcoin to gradually acquire the characteristics of an 'institutional-grade asset.' Regarding the market outlook, Adrian Fritz believes that easing geopolitical tensions, continued net inflows into ETFs, negative funding rates in perpetual contracts leading to short squeezes, and BTC breaking through the 200-day moving average in the $85,000 to $90,000 range could all serve as catalysts for a new upward trend. However, he also cautioned that macro factors still dominate market trends, including PCE inflation data, the Federal Reserve's policy path, and oil price fluctuations. If oil prices break above $100 again, it could exert pressure on risk assets, including Bitcoin. Additionally, he believes that this round of 'altcoin season' may not manifest in the same way as before, with funds increasingly focusing on projects with real revenue and cash flow, specifically mentioning that Hyperliquid is receiving growing attention from traditional investors.

21Shares CIO: Bitcoin ETF Drives Continued Institutional Inflows, BTC May Reach $100,000 by Year-End

On April 29, data from the U.S. Energy Information Administration (EIA) revealed that net crude oil imports for the latest week fell to negative values, marking a historic low. Weekly crude oil exports from the U.S. surged to a record high of over 6 million barrels per day. Additionally, U.S. crude oil inventories unexpectedly dropped significantly, leading to a brief rise in crude oil futures before they subsequently fell.

[U.S. Weekly Crude Oil Exports Reach Record High, Averaging Over 6 Million Barrels per Day]On April 29, data from the U.S. Energy Information Administration (EIA) revealed that net crude oil imports for the latest week fell to negative values, marking a historic low. Weekly crude oil exports from the U.S. surged to a record high of over 6 million barrels per day. Additionally, U.S. crude oil inventories unexpectedly dropped significantly, leading to a brief rise in crude oil futures before they subsequently fell.

U.S. Weekly Crude Oil Exports Reach Record High, Averaging Over 6 Million Barrels per Day

On April 29, Yemen's Houthi forces announced that they had dismantled a "spy network" during a security operation and released some of the latest confessions from those involved. The statement alleged that the network was connected to intelligence agencies from countries such as the United States and Israel. The operation, codenamed "The Conspiracy Will Ultimately Fail," led to the arrest of several individuals suspected of engaging in espionage activities. According to the statement, some of the arrested individuals were accused of collecting sensitive information, including monitoring critical civilian, security, and military facilities, and providing coordinates and other data to relevant parties. This information was reportedly used to carry out attacks, resulting in casualties among local residents. The statement also indicated that the individuals were recruited through intermediaries, targeting military personnel and those capable of obtaining relevant information. The implicated individuals indirectly gathered information by participating in public events and establishing social networks, including contacting government employees or their relatives to collect data on military capabilities, personnel movements, and meetings and locations. The Houthi forces stated that they would remain highly vigilant and continue to combat any actions that threaten security and stability.

[Yemen's Houthi Forces Uncover Spy Network Linked to US and Israel]On April 29, Yemen's Houthi forces announced that they had dismantled a "spy network" during a security operation and released some of the latest confessions from those involved. The statement alleged that the network was connected to intelligence agencies from countries such as the United States and Israel. The operation, codenamed "The Conspiracy Will Ultimately Fail," led to the arrest of several individuals suspected of engaging in espionage activities. According to the statement, some of the arrested individuals were accused of collecting sensitive information, including monitoring critical civilian, security, and military facilities, and providing coordinates and other data to relevant parties. This information was reportedly used to carry out attacks, resulting in casualties among local residents. The statement also indicated that the individuals were recruited through intermediaries, targeting military personnel and those capable of obtaining relevant information. The implicated individuals indirectly gathered information by participating in public events and establishing social networks, including contacting government employees or their relatives to collect data on military capabilities, personnel movements, and meetings and locations. The Houthi forces stated that they would remain highly vigilant and continue to combat any actions that threaten security and stability.

Yemen's Houthi Forces Uncover Spy Network Linked to US and Israel

On April 29, the U.S. Department of Defense stated that the United States has spent $25 billion on the Iran War to date.

[U.S. Department of Defense: $25 Billion Spent on Iran War to Date]On April 29, the U.S. Department of Defense stated that the United States has spent $25 billion on the Iran War to date.

U.S. Department of Defense: $25 Billion Spent on Iran War to Date

On April 29, the U.S. Senate Banking Committee voted to advance Waller's nomination as Federal Reserve Chair to the full Senate. (Jin Shi)

[Waller's Nomination as Fed Chair Approved by Senate Committee]On April 29, the U.S. Senate Banking Committee voted to advance Waller's nomination as Federal Reserve Chair to the full Senate. (Jin Shi)

Waller's Nomination as Fed Chair Approved by Senate Committee

On April 28, according to The Information, Google has signed an agreement with the U.S. Department of Defense that allows the Department to use Google's artificial intelligence for 'any legal government purpose'. (Jin Shi)

[Google Signs Agreement with U.S. Department of Defense to Use AI for 'Any Legal Government Purpose']On April 28, according to The Information, Google has signed an agreement with the U.S. Department of Defense that allows the Department to use Google's artificial intelligence for 'any legal government purpose'. (Jin Shi)

Google Signs Agreement with U.S. Department of Defense to Use AI for 'Any Legal Government Purpose'

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