digital

After WLFI filed a lawsuit against Sun Yuchen yesterday, Vincent Chok, the founder of FDT (First Digital Trust), spoke out today, stating that WLFI is not the first target publicly attacked by Sun Yuchen, as FDT has been entangled in litigation with him for over a year.Vincent Chok stated that in the past 12 months, Sun Yuchen has made public accusations against FDT, but has yet to provide any substantial evidence. During this time, Sun Yuchen has publicly offered rewards for so-called "internal evidence" twice, with the amount increasing from $50 million to $100 million, and as of now, no one has claimed the reward.

According to CoinDesk, the American Innovation Project (AIP), a U.S. technology policy advocacy organization, has added two policy researchers, including Jacob Smagula, who has a background in the cryptocurrency industry, to join Congressman Ritchie Torres's team to participate in legislation related to digital assets.It is reported that Smagula previously worked in the government affairs team of the Bitcoin mining company MARA and is currently engaged in policy research at the DeFi Education Fund, possessing experience in communication between the cryptocurrency industry and regulators. AIP was established in 2025 with support from organizations such as the Digital Currency Group, aiming to provide Congress members with professional insights and policy support on emerging technologies like AI and digital assets. This appointment is seen as a signal of further professionalization in U.S. cryptocurrency legislation and regulation.

According to Crowdfund Insider, Swiss financial market infrastructure provider SIX has obtained approval from the Swiss Financial Market Supervisory Authority (FINMA) to directly integrate its digital central securities depository (CSD, formerly operated by SIX Digital Exchange AG) into the existing SIX SIS AG division. At the same time, FINMA has authorized SIX to provide cryptocurrency custody services through the merged central securities depository.Previously, SIX maintained separate infrastructures for traditional markets and blockchain-based assets for many years. This integration eliminates that boundary, creating a single platform to support end-to-end post-trade operations across asset classes. Financial institutions can manage cryptocurrency custody using the same security framework as traditional instruments like stocks and bonds under the FINMA regulatory framework.Rafael Moral Santiago, Head of Securities Services and Executive Committee Member at SIX, stated that the goal is to provide financial institutions with a single secure entry point into digital assets, combining innovation with the stability of existing systems. This initiative is part of SIX's long-term plan to build a comprehensive post-trade solution across Europe by 2030.SIX is headquartered in Switzerland and is owned by approximately 120 financial institutions, with operations covering exchanges, post-trade services, financial information, and payment infrastructure.

According to GlobeNewswire, Nasdaq Bitcoin mining company Cipher Digital announced that it has secured a $200 million revolving credit facility supported by several global financial institutions. The new funds will be used to enhance liquidity and continue expanding the capabilities of its AI and HPC data center platform.In addition, the company disclosed in its Q1 financial report that revenue reached $35 million and completed the signing of a lease agreement for a third artificial intelligence data center campus.

According to GlobeNewswire, Bitcoin mining hosting and cloud services company Applied Digital announced that it has secured a $300 million senior secured bridge loan led by Goldman Sachs to advance its AI data center project construction.This financing is secured by project assets, can be repaid early without penalty, and will seek additional long-term financing in the future to support the development and construction of the AI data center.

According to official news, Coinbase has announced the official launch of self-managed superannuation funds (SMSFs) support in Australia, providing compliant and secure digital asset investment solutions for Australian trustees to help diversify retirement portfolios.This service is based on the Australian Financial Services License (AFSL) recently obtained by Coinbase and local expertise. According to data from the Australian Taxation Office, there are currently over 653,000 SMSFs in Australia managing assets worth AUD 1.05 trillion, with more than 1.2 million members. SMSFs have become one of the few retirement structures globally that allow individuals to directly manage digital assets, providing this flexibility.Coinbase's SMSF solution offers a streamlined real-time verification process, audit reports compliant with local accounting standards, and institutional-level security, helping Australian investors incorporate cryptocurrency into long-term retirement strategies.

According to the Korea Herald, South Korean financial giant KB Financial Group has announced a strategic partnership with American crypto venture capital firm Pantera Capital, aiming to expand its digital asset strategy, enhance blockchain financial competitiveness, and accelerate the development of new businesses. Previously, KB Financial had signed a memorandum of understanding with the Bank of Korea regarding the "Project Han River" and established a partnership with stablecoin issuer Circle.

Anchorage Digital Bank has submitted a comment letter regarding the proposed rules of the GENIUS Act from the Office of the Comptroller of the Currency. The company has currently issued three stablecoins for several partners, including USAT in collaboration with Tether, USDGO in collaboration with OSL Group, and USDtb in collaboration with Ethena.Anchorage Digital stated that it plans to jointly issue a fourth stablecoin, UDSPT, with Western Union in the near future and expects to officially become an authorized payment stablecoin issuer after the GENIUS Act takes effect.

According to Bloomberg, the UK Treasury and the Bank of England are discussing slowing down the progress of the "Britcoin" digital pound project, with the "advance or halt" decision originally scheduled for this summer possibly being changed to a temporary pause.Sources say that regulators want to first observe the progress of banks in areas such as tokenized deposits, as these private innovations may achieve some similar rapid low-cost payment functions to CBDCs or stablecoins within the existing regulatory framework. The digital pound is currently nearing the end of its design phase, but it faces public, parliamentary, and some officials' doubts regarding privacy, necessity, and its impact on the commercial banking system. Internal research from the Bank of England also shows that as digital payment methods improve, the marginal benefits of launching a retail CBDC are declining.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has noted Iran's threats to shipping and its demands for "tolls" to ensure safe passage through the Strait of Hormuz. These demands may include various payment methods, such as fiat currency, digital assets, offset arrangements, informal swaps, or other physical forms of payment, such as nominal charitable donations to the Iranian Red Crescent Society, the Bonyad Mostazafan Foundation, or accounts of Iranian embassies.OFAC issued this warning to remind U.S. and non-U.S. entities that making payments to the Iranian regime or seeking passage guarantees carries sanctions risks, regardless of the payment method. Under U.S. sanctions regulations, U.S. entities and their foreign entities that are owned or controlled are generally prohibited from engaging in transactions with the Iranian government, including providing or receiving services, unless exempted or authorized. Additionally, U.S. entities are also prohibited from engaging in transactions with the Islamic Revolutionary Guard Corps (IRGC), which is listed on multiple sanctions lists and designated as a foreign terrorist organization.U.S. entities are also generally prohibited from trading with Iranian digital asset trading platforms, which are considered sanctioned Iranian financial institutions. Furthermore, non-U.S. entities that engage in unauthorized transactions with the Iranian government or IRGC may also face sanctions risks, including "secondary sanctions" on relevant financial institutions, restricting their access to the U.S. financial system. Conducting business with sanctioned Iranian digital asset trading platforms may also be viewed as supporting Iran's sanctioned financial system and could lead to sanctions. If relevant transactions result in U.S. entities (such as insurance companies, reinsurance firms, or financial institutions) violating sanctions regulations, non-U.S. entities may also face civil or criminal liability.

According to Gate market data, in pre-market trading, SanDisk (SNDK.O) fell about 5%, and Western Digital (WDC.O) fell about 7%. Both companies' guidance significantly exceeded expectations, but analysts pointed out that the strong performance has been fully priced in, and the guidance "lacks sufficient surprises." Apple (AAPL.O) rose about 3%, with last quarter's revenue in China continuing to grow by double digits, iPhone revenue hitting a record high for the same period, and this quarter's revenue guidance unexpectedly strong.

Coinbase Asset Management (CBAM) announced the launch of the digital credit strategy CUSHY and introduced a tokenized share class mechanism to connect the traditional credit market with the on-chain financial system. This strategy focuses on three main areas: on-chain high liquidity public credit assets, structured private credit for digital native and traditional borrowers, and structured yield sources that combine tokenization and protocol incentives. It is built on Superstate's FundOS tokenization platform, achieving on-chain representation of fund shares and 24/7 trading capabilities, and supports operation across multiple networks such as Ethereum, Solana, and Base.

According to news from the official WeChat account of Yunfeng Financial, Yunfeng Financial Group (00376.HK) has completed a strategic investment in the global financial infrastructure and cross-border payment service provider WooshPay, with the specific investment amount undisclosed.It is reported that WooshPay is a global payment platform strictly regulated by the UK's Financial Conduct Authority (FCA) and Hong Kong Customs, providing cross-border fund transfer services for numerous benchmark clients, including Xiaomi, large education groups, and IoT listed companies. Its business covers 170 countries and regions, supporting 155 fiat currencies and mainstream digital assets.Yunfeng Financial stated that this investment aims to deeply integrate WooshPay's leading global payment settlement capabilities with the group's digital asset infrastructure AlphaToken, constructing a dual-channel system encompassing "asset side, client side, infrastructure side, and payment side," creating a full-link ecological closed loop that includes "asset tokenization" and "compliant settlement."

The DeSci project NanoVita officially announced the completion of strategic financing, with the amount not yet disclosed. This round of financing was participated in by Credit Scend, Harbor Digital Ventures, and Apus Capital.It is reported that NanoVita is a decentralized science (DeSci) protocol that integrates nanotechnology, AI biological intelligence, and real-world health data, aiming to build an open and transparent health research infrastructure.In addition, NanoVita had previously completed a seed round of financing participated in by Cryptogram Venture (CGV), UDS Space, Candaq Fintech Group, and Susie Venture, as well as a Pre-A round of financing participated in by K24 Ventures, LandScape Capital, and WestLabs.

Galaxy Digital (GLXY), a digital asset and AI infrastructure company, released its Q1 financial report, showing a net loss of $216 million during the reporting period, primarily due to the decline in digital asset prices. The value of the company's cryptocurrency holdings dropped from $1.67 billion in Q4 2025 to $1.36 billion at the beginning of 2026. Despite the pressure on performance, the company's stock price rose 5% on Tuesday, mainly due to the smooth progress of its AI infrastructure business, having delivered its first data hall to CoreWeave and committing to complete the remaining 133 MW of AI/IT infrastructure by the end of Q2.Additionally, Wall Street analysts have given a "moderate buy" rating with a target price of $39.4, indicating a 50% upside from the current level of $26.3. As of March 31, Galaxy's largest cryptocurrency holding was 6,894 BTC, valued at $431 million, followed by $61 million in SOL and $42 million in ETH.

According to CoinDesk, Galaxy Digital led a $20 million financing round for fintech company Fence, with participation from Parafi Capital and Crane Ventures. Fence plans to utilize blockchain, smart contracts, and tokenization technology to transform the backend processes of the $6 trillion asset-backed finance market.This round of financing will primarily be used for Fence's expansion in the U.S. market and product development. Reports indicate that a large number of structured credit transactions still rely on manual processes such as Excel, PDF, and email to complete loan tracking, collateral verification, and cash flow processing, which are inefficient and have limited transparency. Fence aims to achieve real-time data updates and automated settlements through a unified system.It is reported that Fence obtains loan data via API and uses smart contracts to automatically execute payments and cash flow distribution once conditions are met. Additionally, the company can tokenize loan shares within financing vehicles, allowing investors to transfer positions, collateralize financing, or automatically receive payments.Currently, the Fence platform manages approximately $1.5 billion in assets, with partner institutions including BBVA, BlackRock, and Fortress Investment Group. The company states that compared to the traditional processing cycle of several months, its system can complete new transaction launches within weeks.

According to CoinDesk, Tether led a $14 million Series A funding round for the Latin American digital wallet platform Belo, which also included participation from Titan Fund, The Venture City, Mindset Ventures, and G2.Belo stated that it will use the new funds to expand into the markets of Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while continuing to strengthen its business presence in Brazil, focusing on serving freelancers, remote workers, and users of cross-border money transfers.Founded in 2021 and headquartered in Buenos Aires, Argentina, Belo currently has over 3 million users in Latin America. Its product is a digital wallet based on cryptocurrency infrastructure, allowing users to hold and transfer local currencies and "digital dollars" (stablecoins).Reports indicate that stablecoins have rapidly gained popularity in emerging markets like Latin America in recent years, primarily used for hedging against inflation, cross-border remittances, and bypassing high-cost foreign exchange systems. Belo integrates payments, currency exchange, and cross-border transfers into a single application process, utilizing cryptocurrency infrastructure for backend settlements to reduce the costs and delays of cross-border transfers.