Sun Yuchen: TRON and HTX Jointly Provide $20 Million USDT to AAVE V3 Market
Sun Yuchen tweeted that TRON and HTX have jointly injected $20 million USDT into the AAVE Core V3 market to support the development of the AAVE ecosystem and promote its integration with the TRON network.
The EU announced its largest set of sanctions against Russia in two years, implementing a comprehensive industry ban on crypto service providers and platforms based in Russia, and prohibiting the digital ruble of the Russian Central Bank, RUBx stablecoins, and related support. The sanctions also target 20 Russian banks and 4 third-country financial institutions related to the Russian SPFS settlement network, while listing the Kyrgyz exchange TengriCoin (Meer.kg) on the sanctions list. Blockchain analysis firm Chainalysis stated that the stabilized A7A5 in the sanctioned ecosystem has processed approximately $119.7 billion in cumulative funds, seen as a settlement channel for sanctioned Russian enterprises to access the global financial system. EU residents are now prohibited from trading with CASP and DeFi platforms in Russia and Belarus, and are also barred from providing crypto services under MiCA regulations to individuals and entities in Belarus.
Aave DAO Plans to Suspend AAVE Buyback to Prioritize rsETH Cross-Chain Vulnerability Incident
Aave DAO is considering a proposal titled "[ARFC] Suspend AAVE Buyback," aiming to formally suspend the buyback of AAVE tokens. The proposal states that due to an attack on the LayerZero rsETH cross-chain route on April 18, uncollateralized rsETH has flowed into Aave V3 markets on multiple chains. Aave has urgently frozen reserves related to rsETH and wrsETH and adjusted WETH interest rates. Because the current distribution of rsETH losses, asset recovery, and potential bad debt scale is still unclear, the proposal suggests suspending the use of protocol income for buybacks until the situation clarifies, in order to retain funds for possible coordinated disposal solutions. The pace of future buybacks will be reassessed based on the event's progress.
According to the company’s filed Form 8-K document, Strategy acquired 3,273 Bitcoin for approximately $255 million during the period from April 20 to 26, with an average price of about $77,906; the BTC yield from 2026 to date has reached 9.6%. As of April 26, 2026, the company holds a total of 818,334 BTC, with a total cost of approximately $61.81 billion and an average cost of roughly $75,537.
Bitmine Immersion Technologies announced that it added 101,901 ETH in the past week, bringing its ETH holdings to 5,078,386 ETH, accounting for about 4.21% of the total supply; the company's total crypto assets and cash reserves reached $13.3 billion, of which approximately 3.7 million ETH have been staked, continually advancing its goal of obtaining 5% of ETH supply. This includes 200 BTC, $940 million in cash, $200 million in Beast Industries equity, and $91 million in Eightco Holdings (ORBS) equity.
Microsoft Will No Longer Pay Revenue Shares to OpenAI, Licensing to OpenAI Will Now Be Non-Exclusive
Microsoft and OpenAI signed a revised agreement to simplify and adjust their long-term cooperation framework. Microsoft will continue to be OpenAI's primary cloud partner, and OpenAI products will still be prioritized on Azure, but OpenAI may sell products to any cloud service clients. Microsoft’s IP licensing for OpenAI models and products has been extended to 2032 and changed from exclusive to non-exclusive. Microsoft will no longer pay revenue shares to OpenAI, but OpenAI's revenue share to Microsoft will continue until 2030 at an unchanged rate but with a total amount cap. Microsoft will also continue to participate in OpenAI's growth as an important shareholder.
Aave: Consensys Provides Up to 30,000 ETH in Support of rsETH Rescue
The official Aave account stated that Ethereum ecosystem participant Consensys and its founder Joseph Lubin have joined the DeFi United initiative, providing up to 30,000 ETH in financial support for the rsETH recovery plan, with ongoing strategic advisement from Sharplink.
Microsoft: OpenAI Products Will Be Prioritized for Launch on Azure
Microsoft's (MSFT.O) pre-market decline briefly expanded to 4%. Microsoft stated: It will continue to deepen its partnership with OpenAI. OpenAI products will be prioritized for launch on Azure.
Galaxy Digital OTC associated addresses recharged 15,000 ETH to exchanges, worth about $34.74 million. On-chain tracking shows that the funds originated from a week ago when 38,000 ETH were withdrawn from Aave, and the withdrawal occurred on the same day as the Kelp DAO attack and suspected bad debt in Aave.
Former DeepMind Researcher Raises $1.1 Billion in Seed Funding for His AI Company
A former DeepMind researcher has raised $1.1 billion in seed funding for his AI startup.
Circle Mints 500 Million USDC on Solana Chain
On-chain data shows that stablecoin issuer Circle recently minted a total of 500 million USDC on Solana chain, with two separate mints of 250 million USDC each.
Fidelity Report: Bitcoin Leads Crypto Market in Establishing a Bottom
Fidelity Digital Assets, in its latest Q2 2026 Signals report, states that although the crypto market is in a consolidation phase, several indicators are showing early stability signals. The report indicates that Bitcoin remains the market's "anchor," with funds continuously concentrated in this most liquid asset. Its unrealized profits and market cap dominance reflect relative resilience during turbulent periods. Analysts say momentum and profitability indicators generally conform to "correction period" characteristics, possibly paving the way for a more stable structure. Moreover, Ethereum and Solana's on-chain activity and price trends have diverged, with demand for network usage remaining robust but valuations lagging, indicating that the demand at the underlying protocol level has not diminished.
The Canadian "Strong and Free Elections Act" (Bill C-25) has received bipartisan support in the House of Commons during a second reading vote, passing and being sent to committee for review. The provisions in the bill aim to prohibit the acceptance of cryptocurrency political donations at the federal level. The bill treats cryptocurrencies as difficult-to-track forms of funding like bearer instruments and prepaid payment tools, applicable to registered political parties, electoral district associations, candidates, party leaders, nomination candidates, and third-party advertising entities. Recipients of illegal cryptocurrency donations must refund or remit them to the federal treasury within 30 days. Reports indicate that Canada technically allowed cryptocurrency political donations since 2019, but mainstream parties have rarely publicly accepted them; in contrast, the U.S. still allows such donations, while the UK has legislated to prohibit them.
The Executive Director of the White House's Digital Asset Presidential Advisory Committee, Patrick Witt, previewed at the Bitcoin 2026 conference that a "major announcement" regarding Trump's strategic Bitcoin reserve will be made in the coming weeks. Witt noted that since Trump signed the executive order to establish a strategic Bitcoin reserve last year, the team has been studying related mechanisms and legal interpretations to ensure that digital assets (especially Bitcoin) on the government's balance sheet are well protected and solidified. Meanwhile, lawmakers are pushing to legalize Trump's executive action. The BITCOIN bill, reintroduced by Senator Cynthia Lummis and Representative Nick Begich, has been renamed the "American Reserve Modernization Act," which includes provisions to acquire 1 million Bitcoins within five years through "budget-neutral strategies."
Coinbase to Suspend Chrono.tech (TIME) Trading from May 12
Following a periodic review, Coinbase has decided to suspend trading of Chrono.tech (TIME) at around 2 AM Beijing time on May 12, 2026. At that time, trading on Coinbase.com, Coinbase Exchange, and Coinbase Prime will be suspended. The TIME order book has switched to limit order mode, allowing limit orders to be placed and canceled, though orders may still be filled. Users can still access their TIME funds and retain withdrawal functionality.
U.S. Media: Trump is Skeptical of Iran's Proposal, But Has Not Flatly Rejected It
U.S. officials say that President Trump and his national security team are skeptical of Iran's latest proposal. Under this proposal, Iran would ensure the opening of the Strait of Hormuz and suspend discussions regarding its nuclear program. Trump discussed this proposal with aides on Monday morning local time. Officials stated that while Trump did not flatly reject it, he expressed doubts about whether Iran would act sincerely or be willing to meet his key demands. Trump's key demand is for Iran to halt nuclear enrichment activities and pledge never to manufacture nuclear weapons. These officials indicated that the U.S. will continue negotiations with Iran, and the White House may respond and offer counterproposals in the coming days.
Federal Reserve Turning Point: Restructured Interest Rate Pattern Amid Personnel Shakeup
This week is set to be significant for the Federal Reserve. Following the conclusion of the Justice Department's investigation into Powell, Republican Senator Thom Tillis lifted his obstruction of the confirmation process for Fed Chair nominee Waller last Sunday. The Senate Banking Committee has scheduled Waller's nomination vote for 10 PM Beijing time on Wednesday, clearing the path for a full Senate confirmation vote before the week of May 11. Hours after the nomination vote, the Fed will release its April interest rate decision, and Powell will face his 63rd and likely last press conference as Fed Chair. If Waller's nomination for Fed Chair and Governor is approved, interim Governor Milan will be replaced, making him the shortest-serving official since the 1950s. If Milan fails to re-enter the Fed subsequently, he will attend his sixth and last Fed meeting this week, having been a strong advocate for rate cuts. The question now is whether Powell will choose to relinquish his board seat (expiring January 31, 2028) along with stepping down as Fed Chair (term ending May 15) as per tradition. Should Powell choose to leave immediately and another "insider" appointed by Trump fills his vacant board seat, Trump will have four of his appointees (Waller, Bowman, Waller) on the seven-member Fed Board, providing support for potential radical measures (including removal of regional Fed chairmen), disrupting traditional Fed structures. Powell's ultimate choice will directly affect the pace and force of Waller or Trump's restructuring of the Fed's operations.
ZetaChain: GatewayEVM Contract Attacked, Attack Vector Blocked and User Funds Safe
ZetaChain disclosed on its X platform that the GatewayEVM contract was attacked today, only affecting the internal team wallet of ZetaChain. The attack vector has been blocked to prevent further funds from being stolen. As a precaution, cross-chain transactions on ZetaChain have been temporarily paused. An investigation is ongoing, and currently, no user funds have been affected by the attack.
U.S. Congressman Nick Begich stated at the Bitcoin 2026 conference that he plans to reintroduce his Bitcoin Strategic Reserve Bill in the coming weeks and rename the former "BITCOIN Act" to the "American Reserve Modernization Act." The bill aims to legalize President Trump's executive order, establishing a permanent Bitcoin reserve, requiring Bitcoin to be held for "a long time," and acquiring 1 million Bitcoins within five years through "budget-neutral strategies." Begich mentioned that the renaming is meant to help Congress and the public better grasp the bill's objectives and to ensure Bitcoin is treated as a reserve asset. He also pointed out that given the uncertainty of the next government’s stance on digital assets, action should be taken now to lock in outcomes.
DeFi United Rescue Initiative Has Raised Over 132,000 ETH, Worth Over $300 Million
The DeFi United rescue initiative has raised over 132,000 ETH (worth over $300 million). Consensys and its founder Joseph Lubin previously confirmed their contribution of 30,000 ETH, making it one of the largest donations in this initiative. Circle Ventures stated they are purchasing AAVE tokens to support DeFi United. Aave stated that these contributions form an important part of restoring rsETH collateral support and returning the market conditions to normal; without this support, the restoration process could not progress smoothly. Previously, Aave service providers proposed contributing 25,000 ETH (approximately $58 million) from their DAO, Lido DAO proposed contributing 2,500 ETH, Ether.fi proposed contributing 5,000 ETH, and Kelp promised to contribute 2,000 ETH. The total locked value in DeFi is currently about $82 billion, down over 25% from $110 billion at the beginning of the year.
TD Cowen reports that Senator Thom Tillis has become the "latest obstacle" to the crypto bill due to his push for the inclusion of ethical clauses in the "Clarity Act." Tillis stated that if the bill does not include ethical clauses, he will oppose it. TD Cowen analysts pointed out that ethical clauses could potentially apply to the Trump family, and Tillis is unlikely to compromise, having just confronted and triumphed over the president on the Fed nomination issue. Tillis has significant influence on the bill's outcome, having demanded a delay of the bill's review in the banking committee until May last week. TD Cowen believes the market's expectations for the bill's passage this year are overly optimistic, with other obstacles including a vacancy in CFTC commission, conflicts of interest related to Trump-associated crypto project World Liberty Financial, and concerns about Iran using crypto payments. Previously, TD Cowen had lowered the probability of the bill's passage this year to one-third.
Bitmine Once Again Stakes 113,808 ETH, Total Staked Value Increases to $8.76 Billion
Bitmine staked 113,808 ETH six hours ago, worth $259.15 million. Currently, its total staked ETH has reached 3.815397 million ETH, valued at $8.76 billion.
U.S. Acting Attorney General: Developers Who Do Not Assist Criminals Will Not Be Prosecuted
U.S. Acting Attorney General Todd Blanche stated at the Bitcoin 2026 conference that developers who do not assist third parties in using their developed software to commit crimes will not be investigated or prosecuted. Blanche emphasized that the Justice Department has "fundamentally changed the rules of the game," but issues such as sanction evasion and money laundering remain significant. Previously, Blanche issued a memo while serving as Deputy Attorney General stating that the Justice Department would avoid imposing regulatory frameworks on digital assets through criminal enforcement. FBI Director Kash Patel stated at the same event that he will focus on "pig-butchering" scams and will travel to Cambodia, Myanmar, and Thailand this summer to carry out related work.
Solana Developers Outline Plans to Protect Network from Quantum Threats
The Solana Foundation stated that its core development teams, Anza and Jump Crypto's Firedancer, have agreed on quantum-resistant solutions utilizing a digital signature solution named Falcon and have begun building an early version. The Solana Foundation pointed out that quantum threats will take years to realize, and the migration plan has been sufficiently researched and is well understood and prepared for deployment. Solana proposed a phased roadmap: to continue researching Falcon and alternative solutions, introduce post-quantum solutions for new wallets as necessary, and ultimately migrate existing wallets. Solana already has Blueshift's "Winternitz Vault" as a quantum-resistant tool that has been running on Solana for over two years and was recently cited by Google Quantum AI.
10x Research head Markus Thielen stated that Bitcoin's recent rise towards $80,000 has been accompanied by a sharp decline in trading volume and a deep negative funding rate, raising doubts about the sustainability of the rebound. Weekly Bitcoin trading volume is down 17% below average, Ethereum trading volume is down 20%, the funding rate has decreased by 6.8% to the third percentile, and volume has dropped 33% to the fourth percentile. This increase is primarily driven by spot buying or short covering rather than leveraged long speculation. Bitcoin ETFs have seen net inflows for nine consecutive days, with total inflows of $2.5 billion in April, bringing Bitcoin’s market cap share to 60%. Options market volatility has dropped to the lower quartile of historical ranges, with traders pricing in relatively mild price fluctuations. Ethereum trading volume has fallen by over 50%, and derivative positions indicate limited risk appetite. Thielen pointed out that the market has shifted from a more active trading environment to a state where participants are mostly on the sidelines, with low funding rates and low volume historically reflecting hesitation rather than momentum. However, with limited leveraged long positions, the risk of forced liquidation on the downside is reduced, and should a catalyst emerge, short-term risk-return is skewed asymmetrically upwards.
Compound's New Proposal Suggests Contributing Up to 3,000 ETH to DeFi United
The Compound Foundation has announced on the X platform that a proposal to contribute up to 3,000 ETH to the rsETH recovery initiative coordinated by DeFi United is now online. Although Compound's direct risk exposure is expected to be very limited, this proposal reflects a broader commitment to maintaining the integrity of the DeFi market and contributes to enhancing the resilience and long-term sustainability of the entire DeFi ecosystem.
Bitcoin briefly dipped below $77,000, and the whale “Set 10 Major Goals First” @Jason60704294's previously opened long position of 397.718 BTC is now running into a loss of $178,000, and at its worst at midnight was down $488,000. Yesterday afternoon, a Binance limit order for 2,759.11 BTC at a price of $77,686 appeared, worth $21.4 million, and the community speculates this position belongs to the whale; if true, this would increase the current loss to $1.237 million.
OpenAI May Be Building a Phone to Replace Applications with AI Agents
Ming-Chi Kuo, who has repeatedly disclosed Apple hardware plans, indicated that OpenAI is cooperating with MediaTek, Qualcomm, and Luxshare Precision to develop a smartphone, with chips jointly designed by OpenAI with MediaTek and Qualcomm, and Luxshare Precision acting as a co-design and manufacturing partner. This phone may replace traditional applications with AI agents, completing tasks through continuous understanding of user context, combining small edge models and cloud models to handle different requests. Specifications and suppliers are expected to be finalized by the end of 2026 or the first quarter of 2027, with mass production expected to begin in 2028. OpenAI’s Chief Global Affairs Officer previously stated the company plans to launch its first hardware product in the second half of 2026, with reports indicating it may be earplugs.
Renzo Announces Injection of Over $10 Million Liquidity into Aave V3 Stablecoin Market
Renzo posted on the X platform that the past week has been a true test for the DeFi ecosystem. To support healthy liquidity in the DeFi ecosystem, Renzo has provided over $10 million in liquidity support to the Aave V3 stablecoin market from its treasury.
The Russian government legislative activities committee has approved the tax proposal on cryptocurrency trading income put forward by the Ministry of Finance. The document stipulates that transactions, including cryptocurrency exchanges, are subject to personal income tax, with cost accounting based on FIFO. The bill prohibits carrying losses from cryptocurrency trading over to future tax periods. Meanwhile, services of digital custodians and crypto exchangers, as well as some offshore digital rights trades without actual delivery, will be exempt from VAT. Special tax calculation methods are specified for debt-type digital financial assets like tokenized bonds, and loss carryforwards are allowed. Previously, the Russian Duma has passed on its first reading the government-submitted bill on "Digital Currencies and Digital Rights," which grants the Russian Central Bank the power to approve exchanges and market access, and sets limits on citizens' cryptocurrency purchases.
Block Releases Proof of Reserves, Validating Company's Bitcoin Holdings Valued at About $2.2 Billion
Payment company Block, founded by Jack Dorsey, released proof of reserves, stating that by the end of the first quarter of 2026, it held a total of 28,355.05 Bitcoin, valued at about $2.2 billion. Among these, clients hold 19,357.16 Bitcoin (approximately $1.5 billion), and the company treasury holds 8,997.89 Bitcoin (approximately $696 million).
U.S. Securities and Exchange Commission (SEC) Chairperson Paul Atkins and Commodity Futures Trading Commission (CFTC) Chairperson Mike Selig stated at the Bitcoin 2026 conference that the two agencies will collaboratively adjust the regulatory framework for digital assets and promote crypto activities returning to the U.S. Atkins stated, "This is a new day for the SEC," as the SEC and CFTC released joint token classification guidelines, clarifying the distinctions between digital commodities, collectibles, and tokenized securities. Atkins previewed a forthcoming "innovation exemption" that will provide a clear regulatory pathway for crypto projects and indicated that tokenized securities will be regulated through principle-based approaches. He mentioned that the "Clarity Act" may make progress in May and pass in June, but cautioned that elections may bring shifts in regulatory priorities. Selig stated that the CFTC is "turning a new page" and will coordinate with the SEC in regulation. Atkins also previewed that the SEC will roll out new initiatives in the coming weeks to allow businesses to test tokenized securities in a supervised environment.
Tennessee's Cryptocurrency Self-Service Machine Ban to Take Effect on July 1
Tennessee Governor Bill Lee has signed HB2505, which prohibits the use and installation of cryptocurrency self-service machines in the state starting July 1. Operators and installation companies face up to 11 months and 29 days of imprisonment and a $2,500 fine. The bill's sponsors stated that cryptocurrency self-service machines have become a channel for scammers to exploit Tennessee residents (especially the elderly). According to CoinATMRadar data, there are currently over 570 cryptocurrency self-service machines in the state, operated by firms including Bitcoin Depot and CoinFlip.
Two wallets associated with Galaxy Digital deposited 45,000 ETH (valued at $104 million) to Binance, Bybit, and OKX over the past 15 hours.
Huang Licheng (the nickname Mahji) has seen his $79.16 million long position turn into a loss after once having a floating profit of over $2.7 million. The BTC long position holds 555 coins (valued at $42.76 million), with a floating profit of $456,000; the ETH long position holds 15,600 coins (valued at $35.85 million), with a floating loss of $486,000; the HYPE long position holds 12,888.8 coins (valued at $53.3 million), with a floating profit of $4,797.
AI Ahead of the Curve
Selected the most noteworthy AI news in the past 24 hours to help filter out the AI noise. Source: PANews AI Observation Room
Microsoft Ends Exclusive Partnership and Revenue Sharing Agreement with OpenAI
Microsoft and OpenAI announced the end of their long-standing exclusive cloud computing and revenue-sharing agreement, allowing OpenAI to sell products on AWS while Microsoft retains its priority as a cloud partner but receives more cash compensation.
Domestic Open-source Large Model Downloads Exceed 10 Billion Times
The cumulative download volume of domestic open-source large models has surpassed 10 billion times, marking a milestone event in the industry. This figure reflects the robust growth and increasing global influence of China’s open-source AI ecosystem.
David Silver’s company, Ineffable Intelligence, completed $1.1 billion in financing at a valuation of $5.1 billion, aiming to develop AI systems that learn independently of human-labeled data through self-play and interaction with the world. This is one of the largest single financings in the field of reinforcement learning to date. David Silver is the core inventor of AlphaGo and AlphaZero, and his team attempts to replicate the idea of “self-learning Go from scratch” in general AI. The $1.1 billion bet on a pure reinforcement learning path directly challenges the current paradigm of training based on massive human data.
Google Tests AI Chat-based Search on YouTube
Google is testing a chat-like search experience on YouTube, where search results will integrate long videos, YouTube Shorts, and related textual information. This functionality is currently open for experience to some users.
Summary: Google DeepMind announced a partnership with the Korean government to leverage cutting-edge AI models to accelerate breakthrough research in the scientific field. Specific areas of collaboration include basic science and medical R&D.
Lawsuit Between Tesla CEO Musk and OpenAI CEO Altman Over OpenAI's Future Goes to Court
The lawsuit brought by Musk against OpenAI began on April 27, accusing OpenAI of deviating from its founding aims of being open-source and beneficial to humanity. The trial will determine the future governance structure and non-profit orientation of OpenAI.
Over 600 employees at Google DeepMind signed a joint letter requesting CEO Sundar Pichai to prohibit the U.S. Department of Defense from employing Google AI for classified military purposes. The signatories include over 20 senior-level directors.
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