ChainCatcher News, President Trump has signed a bill that prevents the IRS from collecting tax data from decentralized cryptocurrency platforms, marking a historic move. This signifies the first time legislation specifically targeting cryptocurrency has become law in the United States.The bill was introduced by Republican Senator Ted Cruz (R-TX) under the Congressional Review Act, aiming to repeal the IRS's so-called "DeFi broker rule." The bill passed the Senate on March 26 with an overwhelming bipartisan support of 70-28 votes. Just two weeks prior, a similar version led by Congressman Mike Carey (R-OH) also passed with a similar "supermajority." The controversial DeFi broker rule was proposed in the final days of the Biden administration, requiring decentralized crypto entities (such as exchanges without central management) to comply with traditional IRS reporting requirements. Critics argue that this regulation is overly burdensome, potentially stifling innovation and severely hindering the growth of the DeFi industry."This regulation would undermine America's leadership in the cryptocurrency space, and I am grateful to President Trump for signing my resolution into law," Cruz told Crypto In America during the signing ceremony on Thursday afternoon. "This resolution is a victory for innovation, privacy, and economic freedom."

ChainCatcher news, according to Jinshi reports, U.S. Trade Representative Greer stated that Trump's power to impose tariffs is not unlimited; U.S. companies will become more efficient when gaining access to overseas markets; it is expected that a few countries will open their markets to exports to the U.S., which will help in manufacturing products in the U.S.

ChainCatcher message, Bitget will launch Babylon (BABY) in the Innovation Zone and DeFi Zone.The deposit channel is now open, and the trading channel will open on April 10 at 18:00 (UTC+8).

ChainCatcher news, according to CryptoSlate, the Bank of Canada released an internal research discussion paper on March 21, analyzing flash loans and their policy relevance and potential risks. The research report defines flash loans as blockchain-native financial instruments that allow users to borrow crypto assets without collateral, provided that the loan must be repaid within a single atomic transaction.It is noteworthy that such internal discussion papers represent the central bank's comprehensive research outcomes on important issues and fall within the broad responsibilities of the Bank of Canada to assess the impact of emerging technologies on financial stability and market structure.Report author Jack Mandin points out that although flash loans are currently limited to blockchain networks, their underlying concept could extend to tokenized financial infrastructure if technical conditions are met. Such concepts include atomic risk-free lending, which could give rise to new systems supporting atomic transactions and programmable assets. The research also raises concerns about financial stability. If financial institutions begin to integrate smart contract lending, it could directly trigger risks.Furthermore, when blockchain assets (including those involved in flash loan activities) are embedded in traditional financial products (such as exchange-traded funds), it may create systemic risks.

ChainCatcher news, according to Cointelegraph, Mantra has launched a $108 million ecosystem fund to promote the development of RWA and DeFi.Mantra stated that over the next four years, it will deploy funds globally to "high-potential blockchain projects" through its partner network to identify investment opportunities. Supporters of the fund include Laser Digital, Shorooq, Brevan Howard Digital, Valor Capital, Three Point Capital, and Amber Group.

ChainCatcher news, according to The Block, Defiance ETFs has submitted a new fund application to launch the "Defiance MSTR Double Short Hedged ETF," which will short two ETFs tracking the Strategy (formerly MicroStrategy) with 2x leverage on an intraday basis (long and short), in order to profit from the volatility decay effect brought by holding leveraged products for the long term.

ChainCatcher news, according to Token Terminal, the total interest paid by market borrowers on the Aave platform (Ethereum network) has exceeded 1 billion dollars. Aave founder stani.eth commented, "DeFi will prevail."

ChainCatcher news, according to The block, the revenue of most mainstream DeFi protocols on Solana, Ethereum, and BNB Chain fell by more than 50% month-on-month in March, reflecting an overall slowdown in on-chain activity and trading volume. The total revenue of Solana protocols was approximately $42 million, a decrease of 55%; PancakeSwap on BNB Chain generated $21 million, down 54%; the total revenue of protocols on Ethereum such as Ethena, Lido, and Aave was $24.5 million, a decline of over 52%. The only protocol that saw growth was MakerDAO (now known as Sky), with a revenue of $10 million in March, an increase of 11% month-on-month. DeFi token performance was similarly weak, with GMCI's GMDEFI index down 40% year-to-date.

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has released new regulations clarifying that certain stablecoins do not fall under the category of securities and may be exempt from trading reporting obligations. Some analysts believe that the stablecoins covered by the SEC's new regulations may not include those issued by Tether, as the SEC pointed out that acceptable reserves for stablecoins do not include precious metals or other crypto assets, both of which are included in Tether's reserves.In addition, the SEC also requires that any token must be redeemable for U.S. dollars at any time, but Tether's terms of service suggest that there may be minimum redemption amounts or delays in redemption.

ChainCatcher news, the Lens Chain mainnet launched by Aave founder has gone live. Lens has established partnerships with several DeFi and infrastructure projects, including Uniswap, Balancer, LayerZero, Circle, Consensys, and Chainlink, aiming to unlock the economic potential of decentralized "SocialFi."