ChainCatcher news, according to a report by the Securities Times cited by the Financial Associated Press, recently multiple internet platforms have appeared with information such as "Shanghai is about to establish a digital renminbi bank" and "Recruiting digital renminbi promoters." The reporter verified with the Digital Currency Research Institute of the People's Bank of China that the above information is all rumors.The reporter's investigation found that criminals are spreading false messages on the internet claiming "the digital renminbi bank is about to be established," while under the guise of "paid recruitment for promotion," they are conducting false propaganda to the public by forming chat groups and organizing online and offline meetings, enticing the public to provide personal identity and asset information, recruit others to join, and using the gimmick of "exchanging digital renminbi to receive a subsidy of 2% to 5%" to deceive the public into "exchanging" digital renminbi from criminals, causing a serious negative social impact.The digital renminbi is a digital form of legal currency, which does not have speculative space and will not induce users to disclose personal sensitive information or participate in pyramid schemes through promoting high commissions or high returns on cryptocurrency. Digital renminbi consumption red envelopes are generally obtained through regular channels such as commercial banks and other financial service entities, major government service platforms, qualified major e-commerce platforms, and offline stores.

ChainCatcher message, the MSCI Emerging Markets Currency Index reached a one-week high on Friday. Alex Wolf, Head of Asian Investment Strategy at JPMorgan Private Bank, stated: "Against the backdrop of slowing trade, the broad weakening of the dollar has made the monetary policy outlook for emerging market central banks clearer. As global investors are disappointed with the exceptionalism of the U.S., capital outflows have driven the dollar weaker, which has boosted emerging market currencies (with a few exceptions), providing more room for central banks to formulate policies."

ChainCatcher news, New York Attorney General Letitia James sent a letter to U.S. congressional leaders on April 10, calling for stronger federal regulation of the cryptocurrency industry and explicitly opposing the inclusion of digital assets in U.S. retirement plans. James stated that cryptocurrencies have "no intrinsic value" and are highly volatile, making them unsuitable for retirement savings. She also warned that unregulated cryptocurrencies could undermine the dollar's dominance, threaten national security, and disrupt financial market stability. James proposed regulating stablecoin issuers, requiring them to establish a physical presence in the U.S. and ensure anti-money laundering compliance.

ChainCatcher news, according to Bitcoin Laws, the Florida Office of Insurance Regulation has passed the Bitcoin Reserve Bill HB 487, and the Florida Bitcoin Bill HB 487 still needs to pass three committees in the House:·Government Operations CommitteeFinance CommitteeCommerce Committee

ChainCatcher news, former FOX business reporter Eleanor Terrett posted on X: "Federal Reserve Governor Michelle Bowman expressed hope for an independent review of the bank failures in March 2023 (SVB, Silvergate, Signature), although she did not directly name these banks."

ChainCatcher news, OKX announced a collaboration with Standard Chartered Bank, Brevan Howard, and Franklin Templeton to launch a collateralized mirror program for tokenized money market funds under the VARA framework in Dubai.The program aims to enable institutional clients to use cryptocurrencies and tokenized money market funds as collateral for over-the-counter trading, with a global systemically important bank (G-SIB) serving as the collateral custodian.Franklin Templeton will be the first of a series of money market funds launched under the OKX-SCB program.

ChainCatcher news, according to Bloomberg, Federal Reserve Board Governor Michelle Bowman will be questioned on Thursday at a Senate Banking Committee hearing, where lawmakers will review her nomination to serve as Vice Chair for Supervision.Bipartisan senators may ask Bowman how she plans to comply with an executive order that limits the power of independent agencies and will want to understand how she will respond to a new initiative—one that requires the largest lending institutions in the U.S. to hold more capital to enhance their ability to withstand losses and financial crises.

ChainCatcher news, according to Decrypt, Westpac CEO Anthony Miller publicly apologized for the bank's decision to block a customer's transfer of 30,000 AUD to the cryptocurrency exchange CoinSpot and freeze the account.This incident comes as the Australian government is actively promoting cryptocurrency regulatory reforms, requiring major crypto platforms to obtain financial services licenses to enhance transparency and reduce the issue of "de-banking."

ChainCatcher news, according to The Block, the five major commercial banks in South Korea and several regional banks met with ruling party lawmakers this week, calling for the relaxation of restrictions on the number of partner banks for cryptocurrency exchanges. Current regulations require each exchange to cooperate with only one bank to comply with anti-money laundering regulations.Woori Bank President Jung Jin-wan pointed out that this model limits user choices and affects system stability, suggesting that "one exchange should be able to connect with multiple banks." Meanwhile, as the institutional investment ban gradually eases, several exchanges in South Korea are preparing to welcome corporate clients.

ChainCatcher news, Web3 security company GoPlus Security stated on the X platform that it conducted a security analysis of 11 tokens in the second round of the $4.4 million liquidity support program for BNB Chain and found that some of these tokens have potential risks. Among the 11 tokens listed, WebKey DAO and NVB Bank were marked as high-risk warnings, BabyMove was marked as a medium-risk warning, and the rest were marked as low-risk ratings (no obvious security risks were found).GoPlus Security indicated that the token contract of WebKey DAO has unlimited minting capabilities, and there are still a large number of tokens that can be minted. This means that developers can create a large number of new tokens at any time, significantly diluting the value of the tokens held by users; the tokens of NVB Bank also have unlimited minting functionality, and there is no upper limit on token creation. The contract of BabyMove makes external calls to an upgradable proxy contract, which may lead to potential issues.

ChainCatcher news, Deutsche Bank stated that if the turmoil that pushed the cost of long-term borrowing in the U.S. above 5% continues, the Federal Reserve will need to step in to stabilize the U.S. Treasury market.On Wednesday, concerns over the safety of U.S. assets escalated due to Trump's trade war, exacerbating the sell-off of U.S. Treasuries, with the 30-year Treasury yield rising to 5.02%, the highest level since November 2023. If this situation persists, the Federal Reserve will need to intervene, which the bank's global head of foreign exchange strategy, George Saravelos, referred to as a "circuit breaker"—that is, emergency quantitative easing. He wrote, "If the recent turmoil in the U.S. Treasury market continues, we believe the Federal Reserve will have no choice but to urgently purchase U.S. Treasuries to stabilize the bond market."

ChainCatcher news, according to The Block, Swiss fintech company and infrastructure provider Taurus has announced the launch of Taurus-NETWORK, an interbank platform designed to connect global financial institutions for seamless collaboration on digital assets. The network aims to unlock new use cases such as collateralized loans, real-time settlement, and operational automation, while reducing counterparty risk.The new network is specifically built for clients of Taurus-PROTECT (the company's institutional-grade custody solution) and aims to create a licensed ecosystem composed of regulated entities. It enables secure interactions between participants without relying on third parties to process or settle transactions.

ChainCatcher news, according to Jinshi reports, ECB board member Holzmann stated that he currently sees no reason for a rate cut, and the proposal for a significant cut of 50 basis points is absurd. A recession in the Eurozone is unlikely, but growth may weaken.

ChainCatcher news, four sources said that the impact of U.S. trade tariffs on Eurozone economic growth may be much greater than initially estimated by the European Central Bank, and the turmoil could also weigh on inflation in the short term. This could push the Eurozone economy into stagnation and dash hopes for economic recovery.Supported by a large-scale public investment plan, the Eurozone economy had been growing until recently. The European Central Bank predicted last month that the trade war would reduce the Eurozone's growth rate by 0.5 percentage points in the first year, and if the EU retaliates, prices would also briefly rise by a similar magnitude.However, sources indicated that the actual tariffs announced by Trump are more harmful than model estimates, and ECB staff have been asked to come up with new figures for policymakers to discuss at the meeting on April 17. Informal discussions among decision-makers could begin as early as this week. Everyone agrees that the 0.5 percentage point estimate is now too low, with one person stating that the impact could exceed 1 percentage point. This would essentially wipe out all economic growth, as the Eurozone's growth is expected to be around 1% this year.

ChainCatcher news, according to Bitcoin Laws, Florida's Bitcoin Reserve Bill HB 487 is scheduled for a public hearing this Thursday (April 10) in the Insurance and Banking Subcommittee. This will be Florida's first public hearing on the Bitcoin Reserve Bill since it was introduced two months ago.

ChainCatcher news, UK interest rate futures indicate that the Bank of England will cut rates by about 95 basis points by the end of 2025, down from about 78 basis points on Tuesday. Traders have raised their expectations for a rate cut by the Bank of England, believing that a 50 basis point cut may occur in May.

ChainCatcher news, according to Jinshi Data, Bank of Japan Governor Kazuo Ueda stated that the Japanese economy is experiencing a moderate recovery, but there are still some signs of weakness. It is necessary to be vigilant about the increasing uncertainty in the trade policy outlook of various countries. The current potential inflation rate is below 2%, but it is gradually accelerating. If the economy improves as expected, interest rates will continue to rise.

ChainCatcher message, according to the official announcement, Binance has announced new borrowable assets for VIP borrowing: Banana For Scale (BANANAS31), Mubarak (MUBARAK).

ChainCatcher News, Bank of Japan, Ministry of Finance, Financial Services Agency: A meeting will be held today at 07:00 GMT (3:00 PM Beijing time) to discuss the international financial market. The yield on Japan's 40-year government bonds rose by 32 basis points, reaching the highest level since its first issuance in 2007.