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On April 20, the U.S. CLARITY Act enters a critical negotiation period this week, with the possibility of receiving the long-awaited committee review in April or delaying it until May depending on recent developments. The Senate Banking Committee will focus early in the week on the confirmation hearing for Federal Reserve Chair nominee Kevin Warsh. Following that, the committee must decide by Friday whether to notify the review of the bill in order to hold a vote during the week of April 27. Bank groups, represented by the North Carolina Bankers Association, are lobbying against the stablecoin yield restriction provisions in the bill, urging members to call Senator Thom Tillis's office to request amendments. It is reported that industry groups are also reaching out to other committee members. After more than two months of negotiations, crypto firms and banks reached a compromise at the end of last month, which was generally satisfactory to the crypto industry. However, following a report from the White House Council of Economic Advisers that downplayed the risks of stablecoin yields to the banking system, calls for amendments from the banking sector have intensified. Patrick Witt, Executive Director of the White House Crypto Council, criticized banks on the X platform for further lobbying out of greed or ignorance. Senator Tillis proposed holding an in-person 'crypto carnival' meeting, which may extend the timeline. He emphasized that there are still issues to negotiate but expressed optimism about scheduling the review in the coming weeks. In addition to yield issues, the bill also needs to address ethical and DeFi-related provisions. The progress made this week will determine the fate of the bill, and the market is closely watching.

[Key Negotiations for the CLARITY Act This Week: Bank Pressure May Delay Vote to May]On April 20, the U.S. CLARITY Act enters a critical negotiation period this week, with the possibility of receiving the long-awaited committee review in April or delaying it until May depending on recent developments. The Senate Banking Committee will focus early in the week on the confirmation hearing for Federal Reserve Chair nominee Kevin Warsh. Following that, the committee must decide by Friday whether to notify the review of the bill in order to hold a vote during the week of April 27. Bank groups, represented by the North Carolina Bankers Association, are lobbying against the stablecoin yield restriction provisions in the bill, urging members to call Senator Thom Tillis's office to request amendments. It is reported that industry groups are also reaching out to other committee members. After more than two months of negotiations, crypto firms and banks reached a compromise at the end of last month, which was generally satisfactory to the crypto industry. However, following a report from the White House Council of Economic Advisers that downplayed the risks of stablecoin yields to the banking system, calls for amendments from the banking sector have intensified. Patrick Witt, Executive Director of the White House Crypto Council, criticized banks on the X platform for further lobbying out of greed or ignorance. Senator Tillis proposed holding an in-person 'crypto carnival' meeting, which may extend the timeline. He emphasized that there are still issues to negotiate but expressed optimism about scheduling the review in the coming weeks. In addition to yield issues, the bill also needs to address ethical and DeFi-related provisions. The progress made this week will determine the fate of the bill, and the market is closely watching.

Key Negotiations for the CLARITY Act This Week: Bank Pressure May Delay Vote to May

On April 20, Coindesk reported that Kelp DAO is preparing a memorandum to attribute the $292 million rsETH attack incident that occurred on Saturday to LayerZero, claiming that it relied on LayerZero's documentation, default configurations, and team guidance when setting up the cross-chain bridge.

[Kelp DAO Blames LayerZero for Attack Incident]On April 20, Coindesk reported that Kelp DAO is preparing a memorandum to attribute the $292 million rsETH attack incident that occurred on Saturday to LayerZero, claiming that it relied on LayerZero's documentation, default configurations, and team guidance when setting up the cross-chain bridge.

Kelp DAO Blames LayerZero for Attack Incident

On April 20, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly proposed amendments to Form PF to alleviate the reporting burden on private equity funds while ensuring the continued collection of necessary and appropriate information. The proposed amendments would eliminate filing requirements for small advisors, who currently account for about half of the total number of advisors required to submit Form PF. The amendments would raise the reporting threshold for private equity fund assets under management from $150 million to $1 billion. The proposal would also increase the risk exposure reporting threshold for large hedge fund advisors from $1.5 billion to $10 billion. Form PF will continue to collect information on over 90% of total private equity fund assets and require detailed risk exposure information from funds managed by large hedge fund managers. Additionally, the proposed amendments to Form PF will provide a method for identifying funds active in the private credit market. Besides modifying these thresholds, the proposal will also eliminate or simplify many of the requirements of Form PF, significantly reducing the burden on advisors required to submit the form. The proposal seeks comments on all proposed amendments.

[CFTC and SEC Propose Regulatory Amendments to Ease Reporting Burden on Private Funds]On April 20, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly proposed amendments to Form PF to alleviate the reporting burden on private equity funds while ensuring the continued collection of necessary and appropriate information. The proposed amendments would eliminate filing requirements for small advisors, who currently account for about half of the total number of advisors required to submit Form PF. The amendments would raise the reporting threshold for private equity fund assets under management from $150 million to $1 billion. The proposal would also increase the risk exposure reporting threshold for large hedge fund advisors from $1.5 billion to $10 billion. Form PF will continue to collect information on over 90% of total private equity fund assets and require detailed risk exposure information from funds managed by large hedge fund managers. Additionally, the proposed amendments to Form PF will provide a method for identifying funds active in the private credit market. Besides modifying these thresholds, the proposal will also eliminate or simplify many of the requirements of Form PF, significantly reducing the burden on advisors required to submit the form. The proposal seeks comments on all proposed amendments.

CFTC and SEC Propose Regulatory Amendments to Ease Reporting Burden on Private Funds

According to monitoring by Arkham, a suspected team multi-signature address transferred 687 million SENT to a new address (0xF9D7...262A) 20 minutes ago, valued at $11.52 million. Data from CMC shows that this transfer accounts for 9.49% of the total circulating supply of SENT.

[Suspected Sentient Team Multi-Signature Address Transfers 687 Million SENT to New Address, Valued at $11.52 Million]According to monitoring by Arkham, a suspected team multi-signature address transferred 687 million SENT to a new address (0xF9D7...262A) 20 minutes ago, valued at $11.52 million. Data from CMC shows that this transfer accounts for 9.49% of the total circulating supply of SENT.

Suspected Sentient Team Multi-Signature Address Transfers 687 Million SENT to New Address, Valued at $11.52 Million

On April 20, according to Crypto In America, a crucial week is approaching for negotiations on the Clarity Act, which will determine whether the long-awaited review of the bill can take place this month or be postponed until May. Early this week, members of the Senate Banking Committee will be busy with the nomination hearing for Kevin Warsh, who is the successor to Federal Reserve Chairman Jerome Powell, nominated by President Trump. Warsh is one of the wealthiest nominees for the position, with assets exceeding $100 million and significant holdings in cryptocurrency companies. He is scheduled to testify on Tuesday morning. 

Afterward, if the committee plans to vote on the Clarity Act during the week of April 27, they must notify the status of the bill's review by Friday. However, increasing pressure from banks wishing to comment on the current stablecoin yield situation, along with North Carolina Republican Senator Thom Tillis's desire to hear their opinions, may push the review to the second week of May, after the Senate recess. 

Senator Tillis's office is facing targeted pressure from banking industry groups such as the North Carolina Bankers Association. These groups are dissatisfied with the scope of the yield restrictions in the current bill draft and are urging their members to call Tillis's staff to clearly express their views. Aside from yield issues, there are also other concerns, such as ethical issues and regulations regarding decentralized finance (DeFi), that still need to be addressed before the bill can take effect.

[Analysis: Pressure from Banking Industry Association May Delay Cryptocurrency Market Structure Legislation Vote to May]On April 20, according to Crypto In America, a crucial week is approaching for negotiations on the Clarity Act, which will determine whether the long-awaited review of the bill can take place this month or be postponed until May. Early this week, members of the Senate Banking Committee will be busy with the nomination hearing for Kevin Warsh, who is the successor to Federal Reserve Chairman Jerome Powell, nominated by President Trump. Warsh is one of the wealthiest nominees for the position, with assets exceeding $100 million and significant holdings in cryptocurrency companies. He is scheduled to testify on Tuesday morning. 

Afterward, if the committee plans to vote on the Clarity Act during the week of April 27, they must notify the status of the bill's review by Friday. However, increasing pressure from banks wishing to comment on the current stablecoin yield situation, along with North Carolina Republican Senator Thom Tillis's desire to hear their opinions, may push the review to the second week of May, after the Senate recess. 

Senator Tillis's office is facing targeted pressure from banking industry groups such as the North Carolina Bankers Association. These groups are dissatisfied with the scope of the yield restrictions in the current bill draft and are urging their members to call Tillis's staff to clearly express their views. Aside from yield issues, there are also other concerns, such as ethical issues and regulations regarding decentralized finance (DeFi), that still need to be addressed before the bill can take effect.

Analysis: Pressure from Banking Industry Association May Delay Cryptocurrency Market Structure Legislation Vote to May

On April 20, DLNEWS reported that Grinex, a major Russian crypto exchange, ceased operations last Wednesday due to a suspected major cyber attack, reportedly resulting in losses exceeding 1 billion rubles (approximately 13 million USD). The platform claimed on Telegram that the attack showed "signs of involvement from foreign intelligence agencies." Grinex was the successor to the previously sanctioned and shut down Garantex exchange, providing a financial channel for the Russian economy to evade sanctions, having processed nearly 100 billion USD in transactions for the sanctioned stablecoin A7A5 in 2025. Experts pointed out that the closure of Grinex is not only due to the hacker attack itself but, more importantly, it removes a trading platform on which Russian businesses relied to convert rubles into usable international currencies, causing "severe damage" to the infrastructure that allows Russia to evade sanctions, making it more difficult for the Russian economy to escape the pressures of sanctions. The exchange had already been sanctioned by Western authorities including the US, UK, and EU in August 2025. Meanwhile, the Russian economy continues to weaken, with Putin revealing that GDP fell by 1.8% in January-February this year, and maritime oil exports may drop to their lowest level since 2023.

[Russian Crypto Exchange Grinex Shuts Down, Experts Warn of Severe Damage to Shadow Economy]On April 20, DLNEWS reported that Grinex, a major Russian crypto exchange, ceased operations last Wednesday due to a suspected major cyber attack, reportedly resulting in losses exceeding 1 billion rubles (approximately 13 million USD). The platform claimed on Telegram that the attack showed "signs of involvement from foreign intelligence agencies." Grinex was the successor to the previously sanctioned and shut down Garantex exchange, providing a financial channel for the Russian economy to evade sanctions, having processed nearly 100 billion USD in transactions for the sanctioned stablecoin A7A5 in 2025. Experts pointed out that the closure of Grinex is not only due to the hacker attack itself but, more importantly, it removes a trading platform on which Russian businesses relied to convert rubles into usable international currencies, causing "severe damage" to the infrastructure that allows Russia to evade sanctions, making it more difficult for the Russian economy to escape the pressures of sanctions. The exchange had already been sanctioned by Western authorities including the US, UK, and EU in August 2025. Meanwhile, the Russian economy continues to weaken, with Putin revealing that GDP fell by 1.8% in January-February this year, and maritime oil exports may drop to their lowest level since 2023.

Russian Crypto Exchange Grinex Shuts Down, Experts Warn of Severe Damage to Shadow Economy

On April 20, Abu Dhabi-based regulated tokenization infrastructure company KAIO announced the completion of an $8 million strategic funding round, led by Tether, with participation from various crypto and institutional investors, bringing the total funding to $19 million. New investors include Systemic Ventures, Further Ventures, and Laser Digital, while existing shareholders such as Brevan Howard Digital also participated. KAIO aims to tokenize traditional fund products from institutions like BlackRock, Brevan Howard, and Hamilton Lane, lowering the entry barrier with a minimum investment of just $100 for qualified users. The company plans to expand its business into credit, structured products, and ETFs, and is collaborating with UAE private equity giant Mubadala Capital, which manages $385 billion in assets, to launch on-chain funds. Tether CEO Paolo Ardoino stated that KAIO will bring institutional-grade assets on-chain and enhance accessibility, paving new paths for capital formation and investment. The KAIO platform is embedded within a compliance framework, supporting regulatory systems in Abu Dhabi, the Cayman Islands, Singapore, and more. Currently, the company manages approximately $100 million in assets and has processed over $500 million in transactions.

[KAIO Completes $8 Million Strategic Funding Round Led by Tether to Tokenize UAE Funds]On April 20, Abu Dhabi-based regulated tokenization infrastructure company KAIO announced the completion of an $8 million strategic funding round, led by Tether, with participation from various crypto and institutional investors, bringing the total funding to $19 million. New investors include Systemic Ventures, Further Ventures, and Laser Digital, while existing shareholders such as Brevan Howard Digital also participated. KAIO aims to tokenize traditional fund products from institutions like BlackRock, Brevan Howard, and Hamilton Lane, lowering the entry barrier with a minimum investment of just $100 for qualified users. The company plans to expand its business into credit, structured products, and ETFs, and is collaborating with UAE private equity giant Mubadala Capital, which manages $385 billion in assets, to launch on-chain funds. Tether CEO Paolo Ardoino stated that KAIO will bring institutional-grade assets on-chain and enhance accessibility, paving new paths for capital formation and investment. The KAIO platform is embedded within a compliance framework, supporting regulatory systems in Abu Dhabi, the Cayman Islands, Singapore, and more. Currently, the company manages approximately $100 million in assets and has processed over $500 million in transactions.

KAIO Completes $8 Million Strategic Funding Round Led by Tether to Tokenize UAE Funds

On April 20, Trump was asked whether Iran was participating in negotiations and stated that he did not know, adding that Iran was supposed to negotiate. Trump claimed that if the ceasefire agreement expires, 'bombs will explode.' He also mentioned that it was 'fine' if Iran did not participate in the talks held in Pakistan, where nuclear weapons issues would be discussed with Iran. (PBS)

[Trump: It's Fine if Iran Doesn't Participate in Negotiations, 'Bombs Will Explode' After Ceasefire Agreement Expires]On April 20, Trump was asked whether Iran was participating in negotiations and stated that he did not know, adding that Iran was supposed to negotiate. Trump claimed that if the ceasefire agreement expires, 'bombs will explode.' He also mentioned that it was 'fine' if Iran did not participate in the talks held in Pakistan, where nuclear weapons issues would be discussed with Iran. (PBS)

Trump: It's Fine if Iran Doesn't Participate in Negotiations, 'Bombs Will Explode' After Ceasefire Agreement Expires

On April 20, Abu Dhabi-regulated tokenization infrastructure company KAIO announced the completion of $8 million in strategic financing, led by Tether and participated by multiple crypto and institutional investors, bringing the total funding amount to $19 million. New investors include Systemic Ventures, Further Ventures, and Laser Digital, while existing shareholders such as Brevan Howard Digital also continued to invest.

[Asset Tokenization Company KAIO Completes $8 Million Strategic Financing]On April 20, Abu Dhabi-regulated tokenization infrastructure company KAIO announced the completion of $8 million in strategic financing, led by Tether and participated by multiple crypto and institutional investors, bringing the total funding amount to $19 million. New investors include Systemic Ventures, Further Ventures, and Laser Digital, while existing shareholders such as Brevan Howard Digital also continued to invest.

Asset Tokenization Company KAIO Completes $8 Million Strategic Financing

The governance token of Shiba Inu, BONE, has experienced a significant surge in price, with a weekly rise of over 40% and a 0.5% increase in the past 24 hours, reaching $1.20. This is notable as BONE has managed to remain bullish despite the recent market sell-off.

[Shiba Inu's BONE Token Surges by 43% in a Week Amid Anticipation for Shibarium Launch]The governance token of Shiba Inu, BONE, has experienced a significant surge in price, with a weekly rise of over 40% and a 0.5% increase in the past 24 hours, reaching $1.20. This is notable as BONE has managed to remain bullish despite the recent market sell-off.

Shiba Inu's BONE Token Surges by 43% in a Week Amid Anticipation for Shibarium Launch

Bitcoin Created By The CIA? Chinese Professor Jiang Xueqin Makes Bold Claim

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Nic Carter Says Bitcoin Has 3 Ways To Handle Satoshi’s Coins

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Conversation with Bitwise Advisor: From K-Shaped Economy to AI Taking Jobs, How Can Bitcoin Save the Younger Generation?

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Bitcoin Miners Selling Nears Exhaustion – What Comes Next

Article

edge soared to 1.3742 USDT, a new high with a 24-hour increase of -3.66%. It currently trades at 1.3018 USDT on HTX.

Shiba Inu's BONE Token Surges by 43% in a Week Amid Anticipation for Shibarium Launch

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