According to ChainCatcher, The Block reported that the Sky core governance design team Atlas Axis submitted a proposal on Wednesday, which, if approved, will complete the upgrade of the protocol from MKR to SKY. This change will make SKY the sole governance token of the protocol and enable staking features, providing USDS rewards for SKY holders.According to the proposal, existing MKR holders can upgrade to SKY at a fixed ratio of 1 MKR:24,000 SKY. Like MKR, SKY allows holders to vote on governance proposals for the Sky ecosystem or delegate their votes.To encourage timely migration, starting from September 18, converting MKR to SKY will incur a 1% penalty, which will increase by 1% every three months thereafter. Governance will transparently manage these penalties, aiming to reward early adopters and support long-term stability.If approved, the proposal could be activated within weeks, and SKY will inherit the governance voting rights previously held by MKR, marking an important turning point in the development of the Maker/Sky ecosystem.

ChainCatcher news, according to Finance Magnates, the European Securities and Markets Authority (ESMA) has released the "Final Guidelines on the Regulation of Market Abuse in Crypto Assets," which will be fully implemented within three months after its publication as part of the MiCA regulatory framework.The guidelines require the regulatory authorities of the 27 EU member states to establish a unified market monitoring system, focusing on preventing three types of violations: insider trading, illegal information disclosure, and market manipulation, with a particular emphasis on strengthening the regulation of false information dissemination on social media, blogs, and other online platforms.The document mandates that Professional Trading Firms (PPAETs) must deploy automated monitoring tools and establish a tiered processing mechanism for Suspicious Transaction Reports (STORs).For cross-border regulation, ESMA explicitly requires national regulatory authorities to share regulatory cases involving non-EU crypto firms and to regularly report to ESMA on cross-border cooperation obstacles. It is noteworthy that the guideline development process did not include a public consultation.ESMA explains that, since Article 125 of the MiCA regulation has already provided clear authorization, and the guidelines are aimed solely at regulatory authorities rather than market participants. National regulatory authorities must submit a compliance commitment letter to ESMA within two months, and if they choose partial exemptions, they must specify the details.

According to ChainCatcher news, as disclosed by Bitcoin Laws, two Bitcoin reserve bills in Arizona are set to undergo a third reading on Monday local time, with a potential final vote. If passed, Arizona is expected to become the first U.S. state to complete state-level Bitcoin reserve legislation.

ChainCatcher news, according to Jin10 data, the final value of the U.S. one-year inflation rate expectation for April recorded at 6.5%, the highest since January 1980.

ChainCatcher news, Tesla CEO Elon Musk stated during the Tesla (TSLA.O) earnings call that he will continue to advocate for lower tariffs, but the decision on tariffs is entirely up to President Trump.Musk said, "I will provide my advice to the president, and the president will listen to my opinions, but ultimately it is his decision to make. I have publicly stated many times that I believe lowering tariffs is generally beneficial for prosperity, but this decision ultimately lies with the elected president who represents the people. Therefore, I will continue to advocate for lower tariffs rather than higher tariffs, but that is all I can do."

ChainCatcher news, according to Globenewswire, the Trump Media Technology Group (DJT.O) has signed a binding agreement with the cryptocurrency trading platform Crypto.com and the asset management company Yorkville America Digital to launch a series of ETFs under the Truth.Fi brand.This agreement was reached following a non-binding agreement signed by the companies in March of this year. The law firm Davis Polk & Wardwell LLP will provide consulting services to the parties regarding product development and launch. These ETFs will be offered through Crypto.com's brokerage subsidiary Foris Capital US LLC and are expected to include digital assets as well as securities from diversified industries, including energy, featuring "Made in America." Following regulatory approval, these funds are expected to launch later this year and will be widely available in international markets, including the U.S., Europe, and Asia, covering existing platforms and brokers.These ETFs are planned to be launched alongside a series of Truth.Fi separately managed accounts (SMA). TMTG plans to invest in these ETFs and SMAs using its own cash reserves, which is part of TMTG's financial services and fintech strategy, utilizing up to $250 million in funds, to be custodied by Charles Schwab.

ChainCatcher news, according to official sources, Redacted has announced the final allocation plan for the RDAC token. The official statement indicates that the token distribution reflects principles of fairness, collaboration, and long-term sustainability, which will incentivize early contributors, community participants, and builders.Among them, the Jirasan community will receive 25% of the tokens unlocked at TGE, followed by a 3-month cliff, and then a linear monthly release. There is also a possibility of accelerated release upon reaching milestones such as Tier 1 launch, revenue, and market capitalization; other community shares will adopt different TGE unlocking ratios, with a 3-month cliff and a 24-month linear release. Team tokens will be strictly unlocked based on market capitalization thresholds, with 10% unlocked for every $100 million increase in market cap after a 12-month cliff; if the market cap does not reach $100 million, the team tokens will be permanently destroyed, with an unlocking cap at a market cap of $1 billion.Redacted stated that this model draws on the long-term incentive framework of Binance founder Changpeng Zhao, ensuring that the team can only benefit upon achieving goals, and announced that all previous versions of the token economic model are now void.Previous report, Redacted has completed a $10 million financing round, with Spartan Group as a co-lead investor, along with participation from Saison Capital, Animoca Brands, and Polygon Ventures.

ChainCatcher news, according to relevant pages, the Binance Wallet's new TGE (Lorenzo Protocol) has now completed its investment and token distribution, with a total investment of 62,117 BNB, oversubscribed by 183.29 times.

ChainCatcher news, according to relevant pages, the Binance Wallet's new TGE (Mind Network) has now completed its investment and token distribution, ultimately oversubscribing by 173.5 times.

ChainCatcher news, according to Jinshi reports, JPMorgan expects the European Central Bank to cut interest rates consecutively in the next four meetings, with the final rate reaching 1.5%.

ChainCatcher news, according to Bitcoin Laws, the Arizona House Committee has passed the Bitcoin Reserve Bill (SB 1025 and SB 1373).The next steps are three readings, followed by a final vote in the House. If passed, it will be submitted to the governor for signing.

ChainCatcher news, according to Jinshi reports, Matt Weller, Global Market Research Director at StoneX, emphasized in a recent report that the market's aversion to uncertainty is an old Wall Street adage. The ambiguity of tariff statements has undoubtedly severely impacted risk appetite. Once the dust settles, risk assets and the dollar may experience a brief rebound. However, he warned that if Trump continues to escalate tariffs after April 2, any rebound in risk assets will be short-lived, unless traders are convinced that these disruptive economic policies have been completely ended.Meanwhile, Jed Ellerbroek, Portfolio Manager at Argent Capital, observed that this uncertainty surrounding tariff policies is driving funds into low-volatility and value stocks, while the weak performance of tech giants in recent weeks confirms the market's defensive mindset. He believes that improving visibility on tariff policies is a necessary prerequisite to reversing this risk-averse sentiment.

ChainCatcher news, Ethereum founder Vitalik Buterin published a long article titled "A simple L2 security and finalization roadmap," which outlines three core directions for optimizing Ethereum L2 security and finality:Expand data capacity: Increase the Blob space to 6 through the Pectra upgrade, and expand it to 72 (or gradually increase to 12-24) in the upcoming Fusaka upgrade at the end of the year, to meet the L2 transaction throughput demands;Implement a hybrid proof system for rapid finality: Use a 2/3 multi-signature mechanism (optimistic proof + ZK proof + TEE trusted hardware proof). If ZK and TEE verify simultaneously, finality is immediate; if only one is verified, it requires a 7-day optimistic challenge period. The security committee can urgently upgrade the proof logic but is subject to a 30-day delay, balancing immediate finality with attack resistance;Build a unified ZK proof aggregation layer: Standardize the proof aggregation protocol across the ecosystem, allowing multiple applications to share the cost of a single proof (e.g., 500,000 Gas), significantly reducing ZK verification overhead and promoting the adoption of L2, privacy protocols, and other scenarios. The goal of this roadmap is to achieve L2 cross-chain bridging finality within 1 hour and reduce costs through short-term hybrid verification mechanisms, while gradually eliminating TEE reliance with a long-term goal of full ZK implementation, ultimately establishing an efficient, secure, and trustless L2 ecosystem.

ChainCatcher news, according to the official announcement from Taproot Wizards, the remaining 80 Taproot Wizards have all been sold out, with a final settlement price of 0.31 BTC. The official team expects to distribute all Taproot Wizards to the minters within 24 hours and will provide updates once a more accurate time is obtained.

ChainCatcher news, according to Jin10, the final year-on-year value of the U.S. fourth quarter core PCE price index is 2.8%, the previous value was 2.8%.The final annualized real GDP for the U.S. fourth quarter is 23,542.3 billion USD, the previous value was 23,536.3 billion USD.

ChainCatcher news, according to Jin10, the final annualized quarterly rate of the U.S. fourth quarter real GDP is 2.4%, expected 2.3%, previous value 2.30%.

ChainCatcher news, according to market news, OpenAI is close to finalizing a $40 billion financing led by SoftBank.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal criticized the U.S. Treasury's attempt to circumvent legal rulings regarding Tornado Cash by removing it from its global blacklist. He warned that without a final court ruling, there is no guarantee that Tornado Cash will not face sanctions again in the future.It is reported that the U.S. Treasury blacklisted Tornado Cash in 2022 due to its alleged involvement in laundering $445 million stolen by the Lazarus cybercrime group, but the appeals court ruled that blacklisting certain smart contracts is unconstitutional.

ChainCatcher news, according to Cointelegraph, the U.S. Treasury Department stated that since removing Tornado Cash from the sanctions list on March 21, the Tornado Cash lawsuit does not require a final ruling from the court.