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The core institution for custody and settlement in the U.S. market, the Depository Trust & Clearing Corporation (DTCC), announced that it will begin facilitating preliminary, limited real asset production transactions in July 2026, with a full launch of its tokenization services in October. This service was approved at the end of last year through a No-Action Letter from the U.S. Securities and Exchange Commission (SEC), allowing DTCC to provide participants with the ability to tokenize specific high liquidity assets on a pre-approved blockchain during a three-year authorization period. These assets include components of the Russell 1000 Index, ETFs tracking major U.S. stock indices, as well as U.S. Treasury securities, notes, and bonds.DTCC President and CEO Frank La Salla stated, "We believe that tokenization will significantly change the way markets operate, bringing new levels of liquidity, transparency, and efficiency to investors." More than 50 companies are set to participate in DTCC's industry working group, including Morgan Stanley, Nasdaq, Kraken's parent company Payward, and Robinhood Markets, while companies like BlackRock and Circle have provided feedback. As financial firms explore bringing traditional assets onto the blockchain, interest in tokenization has surged, and this shift is expected to enable 24/7 trading and faster settlement speeds.

According to official news, Coinbase announced a partnership with the crypto derivatives OEMS (Order and Execution Management System) and PMS (Portfolio Management System) provider Kemet.Through this collaboration, Coinbase Exchange, Coinbase Derivatives Exchange, Coinbase International Exchange, and Deribit will be integrated into the Kemet platform, allowing institutional clients to access Coinbase's trading venues through a single interface, routing order executions between spot, futures, and options.As part of the partnership, Coinbase Ventures will make a strategic investment in Kemet to support long-term collaboration aimed at achieving the goal of supporting large-scale advanced trading. Kemet's platform supports advanced multi-leg options strategies, smart order routing, automated Delta hedging, and spread trading algorithms, all of which are capabilities required for institutional trading desks to execute complex derivatives strategies at scale.Coinbase stated that its goal is to become the most trusted and comprehensive trading platform, continuously expanding the types of assets customers can trade and the ways to execute complex derivatives strategies. Kemet, as an open multi-broker platform, enables institutions trading across multiple venues to seamlessly access and prioritize Coinbase markets.

The Depository Trust & Clearing Corporation (DTCC) officially announced that it will accelerate the development of its securities tokenization services and has formed an industry working group with over 50 financial institutions to jointly promote the construction of digital asset infrastructure. Participating institutions include banks, asset management firms, brokerages, trading platforms, and crypto-native companies, including BlackRock, JPMorgan Chase, Goldman Sachs, Citigroup, Morgan Stanley, Bank of America, Circle, Ripple Labs, and Kraken's parent company Payward.According to the plan, the service is expected to undergo its first controlled production trading tests in July 2026 and officially launch in October 2026. The first batch of supported assets will include S&P 1000 constituents, mainstream ETFs, and highly liquid assets such as U.S. Treasury bonds.

According to the official announcement, Coinbase will launch BILL (Billions) spot trading. If liquidity conditions are met, the BILL-USD trading pair will open later today in supported trading regions.

According to the official announcement, Bitget's CFD sector has surpassed a daily trading volume of 8 billion USD. Driven by the global macroeconomic environment and asset allocation needs, the activity of gold-related products has surged, contributing approximately 95% of the trading increase, becoming the core engine driving cross-asset trading.From a regional distribution perspective, there is a good trend of global collaborative growth. Among them, the Chinese-speaking region contributed 42% of the trading increase, the European market accounted for 27%, and the Southeast Asian market accounted for 16%, with the three core markets collectively contributing 85% of the incremental share.Leveraging the UEX panoramic model, Bitget CFD allows users to trade commodities, precious metals, foreign exchange, and indices using USDT, enabling users to efficiently capture macro trend opportunities within a single account.

"On-chain detective" ZachXBT posted on platform X, publicly criticizing Tokenlon and imToken, stating that they have become high-risk channels for illegal fund flows, and indicated that further actions will be taken against the relevant platforms.It is claimed that most of Tokenlon's trading volume comes from "pig butchering," investment scams, and various illegal market activities, and he bluntly stated that its co-founder Ben He should "bear legal responsibility for the related actions." He mentioned that investigations and crackdowns on Tokenlon and the imToken system will continue in the future. Tokenlon has almost no real trading demand outside of Southeast Asia, and a significant proportion of its on-chain activities are related to illegal fund flows, a problem that has noticeably worsened since 2022.In addition, ZachXBT also named several so-called "offshore large trading and aggregation platforms," including Butter Network, HiFiSwap, Bridgers / SWFT, and Tokenlon, stating that they should be subject to stricter regulation and crackdowns due to potential criminal activities.

Bitget has launched spot trading for Billions Network (BILL). The trading channel is now open, and the withdrawal channel will open tomorrow at 17:00 (UTC+8).

According to CoinDesk, Coinbase has revealed that it has integrated the trading protocol DFlow as the main trading router for its Solana ecosystem, supporting users in achieving native value exchange for spot and prediction markets on Solana.Coinbase stated that after introducing DFlow, the trading failure rate for its Solana products dropped from about 1/30 to approximately 1/250, an 8-fold decrease. At the same time, this solution has expanded the liquidity coverage, enabling small and mid-cap tokens that were previously unable to trade due to "lack of liquidity" to become tradable, and optimizing user transaction prices.

According to Jinshi reports, U.S. stocks of Chinese concept stocks rose broadly before the market opened, with NIO (NIO.N) up 3%, Alibaba (BABA.N) up 2%, and Li Auto (LI.O) up 1%.

According to TechFundingNews, the blockchain trading platform Ekiden announced the completion of a $2 million seed round financing, with the company's valuation reaching $20 million.This round of financing was led by Unicorn Factory Ventures and P2 Ventures, and also attracted angel investors who have previously invested in projects such as GSR, Pyth, Aptos, LayerZero, and Cube Exchange.It is reported that Ekiden is committed to bringing institutional-level trading on-chain, providing efficient and secure trading solutions through blockchain technology.

According to Predictefy data, since the launch of event contracts (prediction market) products on Hyperliquid, the trading volume of Bitcoin price-related event contracts on the platform has exceeded the trading volume of similar markets on Kalshi, Polymarket, and all other prediction markets within the same time frame.

According to the official announcement, Binance has announced an update to the fiat trading market maker program. Starting from May 4, 2026, at 16:00 (UTC+8), the KZT market level will join the fiat market maker program. The percentage requirement for Level 1 maker order trading volume is 0.5%; the percentage requirement for Level 2 maker order trading volume is 1%. After qualifying, the fee rate for Level 1 maker orders is -0.005%; the fee rate for Level 2 maker orders is -0.01%. The new fiat market qualification review will take effect from May 4, 2026, at 16:00 (UTC+8).Market maker accounts will be reviewed weekly based on the new activity review mechanism; starting from May 12, 2026, at 08:00 (UTC+8), maker order fee rebates will be distributed based on the performance of market makers in the designated spot fiat market from the previous week.

According to Cointelegraph, MN Trading Capital founder Michael van de Poppe stated on the X platform that Bitcoin does not need a new narrative or catalyst to return to the psychological threshold of $100,000. He pointed out that "as prices rise, narratives will emerge on their own," believing that the current level is still a good accumulation zone.Van de Poppe also noted that market attention has recently shifted to technology sectors such as AI. As of Friday's close, Nvidia (NVDA) shares have risen 5.08% year-to-date, while Bitcoin has fallen about 10% during the same period. The last time Bitcoin reached $100,000 was on November 13 last year, and it dropped to an annual low of $60,000 in February. At the time of writing, it is at $78,250, having risen 14.49% in the past 30 days.Veteran trader Peter Blandt previously told Cointelegraph that the Clarity Act is a positive development for the industry, but it is unlikely to be the main catalyst for a significant rise in Bitcoin prices. Coinbase Chief Legal Officer Faryar Shirzad stated on Friday that after the announcement of new stablecoin yield terms, "it's time" to finalize the Clarity Act. Additionally, White House crypto advisor Patrick Witt mentioned this week at the Las Vegas Bitcoin Conference that a "major announcement" regarding the Trump administration's Bitcoin reserves will be released in the coming weeks.

According to monitoring by Hyperinsight, a whale address starting with "0xa0d" closed 200 BTC long positions at 4 AM today, worth approximately 15.6 million dollars, with a slight profit of 100,000 dollars. Currently, the total assets of this whale address are about 16.44 million dollars, skilled in short-term operations, with a total account profit of approximately 5.4 million dollars.

Curve Finance officially announced that it is introducing a bad debt recovery mechanism based on on-chain market mechanisms, allowing CRV-affected users in certain lending markets with bad debts to choose different recovery strategies: directly selling their claims to exit, continuing to hold and wait for potential recovery, or providing liquidity to earn fees and incentives. The core of this mechanism is to establish a trading pool between crvUSD and the tokens of the affected claims, allowing bad debt claims to be priced in the market and creating liquidity, thereby providing users with an immediate exit channel instead of relying solely on the final liquidation results.It is reported that after the cryptocurrency market crash in October last year, some lending markets under Curve Finance experienced bad debt issues, with various liquidity pools being impacted by severe price fluctuations and liquidity contraction, leading to some deposit users facing withdrawal restrictions and asset losses.Curve stated that the recovery mechanism will not eliminate losses or guarantee recovery, but will gradually reflect risks and recovery expectations through a market-oriented approach. Additionally, if the governance layer distributes rewards through the veCRV incentive mechanism, it will help enhance liquidity depth, improve exit conditions, and strengthen market pricing efficiency.

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.

According to Arkham monitoring, Machi Big Brother's trading account has decreased by $4.42 million compared to earlier this week, with the account value shrinking by 77% in 4 days. Over the past 7 and a half months, the cumulative loss has reached $75.6 million. Currently, Machi Big Brother still holds long positions in ETH and BTC.

According to Jinshi News, due to the prospects of peace negotiations in the Iran war, traders are unwinding their bets on the safe-haven currency, the US dollar, which is facing its largest monthly decline since June of last year. The dollar index fell 1.8% in April, primarily due to the ceasefire agreement reached between the US and Iran earlier this month. Recently, with oil prices soaring again and market expectations of a possible interest rate hike by the Federal Reserve next year, the dollar index has rebounded, and the decline has eased. Nathan Tuft, a senior portfolio manager at Manulife Investment Management, stated that looking ahead, the dollar may decline but will still maintain a range-bound fluctuation.

The Solana-based yield trading platform Exponent Finance announced the completion of a $5 million seed round financing, led by Multicoin Capital, with participation from Solana Ventures, RockawayX, L1D, Prelude, and Theia Blockchain, as well as several key figures from the Solana ecosystem as angel investors.It is reported that this round of financing started in May last year and was completed in August, bringing Exponent's total financing to $7.1 million. Exponent stated that the funds will be used to expand its yield trading platform and upgrade to a more complete on-chain yield infrastructure, covering the active yield management needs of the Solana ecosystem.

Polymarket announced the launch of a comprehensive on-chain market integrity monitoring system solution to monitor trading behavior and enforce platform market compliance rules. This system will be built in collaboration with blockchain data analytics company Chainalysis, covering all DeFi trading processes on Polymarket, including real-time on-chain analysis of trading, holdings, and settlement data. It will identify potential violations through a multi-layer monitoring mechanism, focusing on insider trading and market manipulation.Polymarket stated that all its transactions are completed on a public blockchain. This collaboration will further amplify the advantages of on-chain transparency, allowing regulatory agencies and law enforcement to obtain verifiable on-chain evidence, thereby establishing a new compliance standard in the predictive market field. Polymarket founder and CEO Shayne Coplan stated that the platform has emphasized transparency and traceability since its inception, and this collaboration will further strengthen its positioning as a "trusted source of market information."