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U.S. Senator Bill Hagerty said the crypto market structure bill (CLARITY), which has been stalled for months, will begin its formal legislative process as early as next week. According to Cointelegraph, Hagerty stated that Republican lawmakers plan to bring the bill before the Banking Committee on April 13. He added that while a few contentious issues remain, such as stablecoin interest and ethics regulations, they are not insurmountable. The CLARITY bill requires approval from both the Agriculture and Banking committees to advance to a full Senate vote. The Agriculture Committee passed its own amended version in January, but the bill's progress in the Banking Committee has been delayed due to opposition from the banking sector over stablecoin interest. The outlet noted that political momentum is expected to accelerate with the upcoming U.S. midterm elections and the influence of well-funded companies pushing for the legislation.

U.S. President Donald Trump stated that Iran could be destroyed overnight, adding that it could happen as soon as tonight, April 7.

Prediction market platform Polymarket announced via its official X account that it is introducing a new collateralized stablecoin, Polymarket USD. The company stated that while the platform currently uses bridged USDC, it is introducing Polymarket USD to transition to a safer and more efficient structure. Polymarket added that it is also improving its trading engine and smart contracts to increase execution speed and reduce gas costs. The upgrades will be rolled out in phases over the next few weeks, representing what the company described as its largest infrastructure change since launch.

Risk management firm Chaos Labs has officially announced the end of its partnership with the crypto lending protocol Aave. The firm explained that despite Aave's proposal for a budget increase, it decided to terminate the agreement due to growing risks. These risks stem from the design of the upcoming Aave V4, a lack of operational resources, and the departure of key personnel. Chaos Labs stated that Aave V4's completely new architecture would necessitate rebuilding the entire risk infrastructure from scratch, a process expected to be highly costly. The firm added that it has been providing services at a loss for the past three years and determined the proposed budget was insufficient to meet the security standards for the world's largest DeFi app. Aave currently allocates only about 2% of its budget to risk management, an amount Chaos Labs believes needs to be increased.

Top 5 Gainers (24h) - TRU: +83.69% to $0.0103 (24h volume: $221 million) - RED: +70.02% to $0.1758 (24h volume: $250.83 million) - TREE: +40.87% to $0.08 (24h volume: $97.56 million) - PCI: +31.94% to $0.0572 (24h volume: $12.26 million) - SUPER: +31.48% to $0.1264 (24h volume: $132.12 million) Top 5 Losers (24h) - ARIAIP: -53.10% to $0.0034 (24h volume: $1.2 million) - ISK: -31.03% to $0.00067 (24h volume: $45,320) - K: -30.68% to $0.00036 (24h volume: $51,290) - RLS: -27.87% to $0.0037 (24h volume: $8.5 million) - BSB: -27.32% to $0.1854 (24h volume: $49.4 million)

JPMorgan CEO Jamie Dimon said that tokenization is reshaping parts of the financial system and that banks need to move faster in response. In his annual letter to shareholders, Dimon warned that blockchain-based technologies like tokenization, stablecoins, and smart contracts are emerging as direct competitors to the banking industry, CoinDesk reported. He noted these technologies could fundamentally change core functions such as payments, trading, and asset management. Dimon added that JPMorgan must accelerate its own blockchain initiatives, including its Kinexys tokenization platform and JPM Coin, stating that tokenization systems could threaten banks' fee income and even their deposits.

U.S. President Donald Trump stated that he will not extend the deadline for the Iran ceasefire agreement again. He clarified that he never signed such an agreement and that while he gave Iran an opportunity, the country did not take it. Trump further asserted that striking Iranian infrastructure is not a war crime, describing the Iranians as animals.

Binance Chief Compliance Officer (CCO) Noah Perlman is in discussions with management about resigning either this year or next, Bloomberg reported. Perlman joined in 2023 to oversee the rebuilding of the company's compliance system after Binance admitted to violating U.S. sanctions and anti-money laundering regulations. No firm resignation date or successor has been set.

A U.S. federal appeals court in Philadelphia has ruled that New Jersey lacks the authority to regulate the prediction market Kalshi under its state gambling laws, asserting that jurisdiction lies with the Commodity Futures Trading Commission (CFTC), Decrypt reported. The decision stems from an appeal filed by Kalshi after New Jersey's gambling regulators ordered the platform to cease operations, classifying its sports-related offerings as unregistered betting. The outlet noted that as an appellate court decision, the case may ultimately be decided by the Supreme Court. While state-level judgments on the matter vary, the Trump administration maintains that prediction markets fall under CFTC oversight and are not subject to individual state gambling laws, even filing lawsuits against local governments on the issue. On X, CFTC Chairman Mike Selig said the ruling reaffirms Congress's intent to grant regulatory jurisdiction to the CFTC. He added that he welcomed the court's decision to nullify the regulatory attempt by New Jersey authorities.

Argentine President Javier Milei spoke with a businessman involved with the memecoin Libra (LIBRA) seven times on the night of its launch, the New York Times (NYT) reported. The calls reportedly took place before and after Milei posted a promotional message for the token. While he has not been indicted, Milei is considered a key suspect in the investigation into Libra. In February 2025, Milei promoted LIBRA on his X account. Argentina's political opposition claims that investors suffered significant financial losses as a result of the president's promotion.

U.S. President Donald Trump said that they still have some missiles and drones remaining.

U.S. President Donald Trump announced that he has reviewed all proposals concerning Iran and has set today, April 7, as the final deadline. He described Iran's proposal as a significant step but added that it is not yet sufficient. Trump stated that if Tehran complies with the demands, the war could end quickly, emphasizing that Iran will not be allowed to possess nuclear weapons.

White House National Economic Council (NEC) Chairman Kevin Hassett said the Federal Reserve should have room to cut interest rates.

ZeroBase (ZBT), a blockchain-based zero-knowledge proof network, announced a C2C payment promotion in partnership with Binance Pay. The promotion allows users to transfer ZBT tokens without gas fees using Binance Pay's P2P feature, with some rewards also available. ZeroBase stated that the collaboration is an attempt to increase the use of digital assets for payments, adding that it expects around 1 million people to participate.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

Iran has rejected a U.S. proposal for a temporary ceasefire, delivering its response to Pakistan, according to Iran's state-run IRNA news agency. The Iranian reply reportedly includes ten articles, demanding the complete lifting of sanctions against the country, support for post-war national reconstruction, and the establishment of a formal system to guarantee safe passage through the Strait of Hormuz.

The Bitcoin mining industry has entered a capitulation phase, yet major mining firms are continuing to sell off their holdings, CryptoSlate reported. Citing a first-quarter mining report from CoinShares, the outlet noted that the hashprice, a key metric for miner profitability, fell from around $63 per PH/s last July to a range of $28 to $30 in early March. This decline in profitability has led to an estimated 15% to 20% of global miners now operating at a loss. CryptoSlate highlighted a shift from past trends, where miners typically accumulated BTC during periods of poor profitability. Currently, however, large miners such as MARA Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK) are continuing to sell in large volumes. The report suggested that a crucial sign of a market bottom would be a reduction in miner selling and a stabilization of their holdings. It added that key factors influencing the market ahead include the upcoming mining difficulty adjustment on April 18, the sustainability of spot ETF inflows, and the pace at which miners transition into the AI sector.

The three major U.S. stock indices opened mixed today. - S&P 500: +0.09% - Nasdaq: +0.2% - Dow Jones: -0.1%

Nasdaq-listed Empery Digital (EMPD), formerly Volcon, announced that it sold 370 BTC on April 3 at an average price of $66,632. The sale reduces the company's holdings to 2,989 BTC. Empery Digital had previously been strategically accumulating Bitcoin.

More than half of the total XRP supply has entered a loss-making zone, according to on-chain analytics firm Glassnode. The firm noted that investors who purchased XRP for over $2 in the past 12 months have been realizing losses of between $20 million and $110 million per day since last November. Glassnode's analysis suggests this indicates sustained selling pressure in the market, which could dampen investor sentiment in the short term.

Top 5 by Social Dominance - Bitcoin: 31.55% (-0.35%) - Ethereum: 11.35% (+0.9%) - XRP: 2.65% (-0.45%) - Bernie Sanders: 0.55% (-0.15%) - Litecoin: 0.55% (+0.1%) Top 5 by AI Search Volume - Ethereum (12%) - Solana (10%) - Xama (4%), up four places - Surf (3%), up one place - Polygon (3%), up five places

Bitcoin DAT-listed company Strive announced it has acquired an additional 113 BTC, valued at $7.75 million. As of April 2, the company holds a total of 13,741 BTC.

Bitmine (BMNR) now holds a total of 4,803,000 ETH, worth approximately $10.2 billion, after purchasing an additional 71,000 ETH last week, Unfolded reported.

Citigroup said it now expects the U.S. Federal Reserve (Fed) to begin cutting interest rates in September, a delay from its previous forecast of June.

Nasdaq-listed Sharps Technology, a strategic investor in Solana (SOL), announced in a financial report that it has achieved an average annual staking yield of around 7% on its SOL holdings. The company currently holds 2 million SOL, with 95% of that amount staked.