The bill hasn't passed yet, but traditional brokerages are already entering the market en masse

The industry is maturing: anchoring value to RWA, while gradually establishing mechanisms for collaborative governance and accountability.

On April 18, 2026, Kyrgyzstan's President Japarov held an official meeting in the capital Bishkek with TRON founder and Huobi HTX Global Advisor Justin Sun. The two sides engaged in strategic dialogue on topics including the implementation of TRON infrastructure in Kyrgyzstan, the expansion of the national stablecoin KGST ecosystem, and the deep integration of AI and blockchain technology.

Last week, the crypto market exhibited an overall pattern of "cautious optimism," with BTC rising from $68,000 to over $77,000. Trading activity in TradFi has cooled somewhat, but gold remains a core trading asset. On-chain capital continues to concentrate in high-liquidity and high-turnover scenarios, with PancakeSwap recording a single-week trading volume close to $36 billion. Stablecoin capital is clearly flowing back into settlement-type dollar assets, with the USDT supply rising to nearly $200 billion. Following the rsETH incident, Aave's lending balance plummeted by 26.7% in a single week.Core View: Last week, the crypto market showed a pattern of "cautious optimism." BTC rose above $77,000 due to easing geopolitical risks and rising expectations of interest rate cuts. On-chain capital concentrated in high-liquidity and settlement-type assets, but the repricing of complex risk pathways (such as the rsETH incident) led to a structural migration of capital.Key Factors:BTC ETFs saw net weekly inflows of $585 million, with BlackRock's IBIT accounting for over 80%. Total net asset value exceeded $102.64 billion, indicating a restoration of market confidence.Stablecoin capital flowed back into settlement assets, with USDT supply rising to nearly $200 billion, while the yield-bearing stablecoin USDe recorded net outflows of nearly $2 billion in a single week.Following the rsETH incident, on-chain risk appetite decreased. Aave's lending balance plummeted 26.7% in a single week, with capital accelerating its shift towards competing protocols like Spark. Core stablecoin borrowing rates rose significantly.The derivatives market exhibited a classic divergence structure of "negative funding rates + high-range volatility." BTC shorts remained crowded, but spot and institutional buying power provided support, leading to a rebound in implied volatility.Institutional trading activity rebounded, with spot trading volume increasing 20.09% week-over-week. CrossEx's trading volume and capital scale reached new highs (growing 79% and 816% week-over-week, respectively).

WLFI Token Unlocks Governance Proposal Opens 7-Day Timed Vote; MegaETH Token MEGA to List at 6 PM Today, OTC Trading Opens at 7 PM.

Over the past decade, crypto hackers have stolen a cumulative total of $17.1 billion in assets.

"The correlation coefficient between gold and Bitcoin is only 0.14. In the past two cycles, gold has rallied before Bitcoin, and this time is no different."

Observations from Hong Kong Carnival × Bangkok Money 20/20

Stablecoins are progressively evolving into universal, public payment infrastructure.

The "know-it-all" of traditional finance faces a rough landing in the crypto world.

MegaETH has announced that its TGE will take place on April 30.

The window is limited, and numerous unresolved issues urgently need to be addressed.

With the continuous advancement of multi-chain expansion and the further growth of the TRON ecosystem, USDD's strategic position in the global stablecoin market is expected to continue strengthening, demonstrating greater application value in exchange product integration and emerging market expansion.

We have systematically outlined five core issues: ① The political economy of the CLARITY Act; ② The prudential regulatory logic and market impact of the GENIUS Act; ③ The nature, compromises, and future trajectory of the stablecoin yield war; ④ The stakeholder dynamics of a four-party game; ⑤ The global chain reaction of its passage or failure — aiming to provide researchers, practitioners, and policy observers with a comprehensive analytical framework.

Trump Announces Extension of Ceasefire with Iran.

The user problem in crypto is fundamentally a geographical problem.