forward

Forward Industries, a Solana treasury company, announced its quarterly financial report for the period ending March 31, 2026, showing a year-on-year revenue increase of 319% to $13 million. However, due to the decline in the fair value of crypto assets, net losses widened to $283.1 million.The company stated that the growth this quarter was mainly driven by increased staking rewards from Solana (SOL). However, during the same period, it recorded a digital asset loss of $201.7 million and an asset impairment of $85.1 million, primarily due to the price volatility of SOL leading to a decrease in the valuation of holdings.The financial report indicated that the company held approximately 7.04 million SOL during the quarter and earned about 201,200 SOL in rewards through staking, with nearly all SOL assets being staked. Solana fell approximately 33.7% during the reporting period, closing at $82.44. Price volatility is considered the core factor dragging down financial performance.Additionally, Forward Industries signed a loan agreement with Galaxy Digital in March and drew the first tranche of $40 million in financing, using fwdSOL as collateral, with a comprehensive annual interest rate of about 3.4%. The company stated that this financing is used to optimize its liquidity structure.Company management indicated that they have adjusted the balance sheet through cost reductions, debt instruments, and stock buybacks to cope with market volatility and enhance long-term value. Despite a significant widening of quarterly losses, the company's stock price slightly declined in after-hours trading following the financial report, but it still recorded a monthly increase recently.

According to Jinshi reports, Federal Reserve Governor Milan stated that reducing forward guidance will make the Federal Reserve's policy more flexible.

According to CoinDesk, Angus Fletcher, head of digital assets at State Street Bank, stated at the Consensus Miami conference that in light of the recent surge in DeFi attack incidents, institutional investors are looking for improvements in blockchain security. He pointed out that the young crypto industry needs to find solutions now before trillions of dollars in real-world assets are put on-chain.Fletcher believes that the interoperability between blockchains needs to be clearly defined and understood, and institutional clients need to understand the legal ownership and rights of cross-chain tokens. Dennis Bree, head of Morpho, stated that April could be the month with the most hacker attacks in DeFi history, and regulators are conducting more due diligence on the security of collateralized assets.

According to SolanaFloor, the on-chain reinsurance company OnRe Finance has completed a $5 million financing round, led by Forward and Rockaway. The funds will be used to accelerate the development of on-chain reinsurance business on the Solana network.Forward plans to deploy up to $25 million in OnRe's ONyc token to gain exposure to tokenized reinsurance returns.

According to Jinshi reports, Federal Reserve Chairman Powell stated that changing the accommodative stance is a form of forward guidance.

According to Jinshi reports, Federal Reserve Chair nominee Waller believes that the Federal Reserve should reduce its reliance on forward guidance and warns that excessive transparency may hinder policy flexibility. He pointed out that the Federal Reserve's response to soaring inflation during the pandemic was too slow, and reducing commitments would help achieve more flexible decision-making. He sees this as part of a broader reform agenda and expresses anticipation for implementing these necessary changes.

According to a report by Press TV, a news channel controlled by the Iranian government, Iranian officials issued a statement mentioning that Iran has responded negatively to the U.S. proposal and insists that the war will only end on Iran's own terms and timeline.The official, who is familiar with the details of the Iranian government, stated that Iran will not allow Trump to decide when the war ends. He also emphasized Tehran's determination to continue defending and inflicting "heavy blows" on the enemy until its demands are met. The official outlined five specific conditions for Iran to agree to end the war, including:A complete halt to the enemy's "aggression and assassination" actions.Establishing specific mechanisms to ensure that war will not be imposed on Iran again.Guarantees and clear definitions of compensation and restoration costs for war losses.Ending the war across all fronts and within the scope of all resistance organizations involved in the region.The international community recognizing and safeguarding Iran's sovereign rights to exercise jurisdiction over the Strait of Hormuz.Iran has communicated to all well-meaning intermediaries that the prerequisite for a ceasefire is the acceptance of all its conditions. The official emphasized, "No negotiations will take place before this," and reiterated that Iran's defensive actions will continue until the aforementioned conditions are met.

According to a Reuters report, a senior Iranian official stated that Pakistan has submitted the proposals put forward by the United States to Iran, but the location for any talks between Iran and the United States aimed at ending the war has not yet been determined.

According to Onchain Lens monitoring, Forward Industries' associated address withdrew 4,648 ETH from Kraken, worth approximately 9.95 million dollars.

The People's Bank of China announced that in order to promote the development of the foreign exchange market and support enterprises in managing exchange rate risks, the People's Bank of China has decided to lower the foreign exchange risk reserve requirement for forward foreign exchange sales from 20% to 0% starting from March 2, 2026.Next, the People's Bank of China will continue to guide financial institutions to optimize their exchange rate hedging services for enterprises and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.

According to market news, a wallet associated with "Forward Industries" deposited 8,200 Ethereum (approximately $14.91 million) into Coinbase, which had held the funds for 2-3 years and is facing a loss of $10.82 million.The whale initially received 23,491 Ethereum (approximately $76.26 million) from Binance and Coinbase for staking, and then deposited 23,914 Ethereum (approximately $65.44 million) back into the exchange.

According to Jinshi, traders have brought forward their expectations for a Federal Reserve rate cut to June.

According to Cointelegraph, U.S. Senator Bernie Moreno stated that the cryptocurrency market structure bill, the CLARITY Act, is expected to pass in Congress before April. Moreno mentioned in an interview with CNBC that there is now a clear path for the bill's advancement.Coinbase CEO Brian Armstrong, in the same interview, stated that there were previously disagreements regarding the interest-bearing provisions for stablecoins and regulatory jurisdiction, but all parties are currently seeking a "win-win" solution. The report noted that the stablecoin yield provisions are one of the main points of contention in the bill's progress.Moreno also expressed that he does not believe the results of the midterm elections will affect the bill's passage. Previously, officials from the White House also expressed positive expectations for the bill's advancement earlier this year.

The head of the investment team at Multicoin Capital, Vishal Kankani, released a response to the Aave Will Win framework, expressing support for the proposal put forth by Aave Labs.As a significant holder of AAVE, Multicoin Capital believes that redirecting 10% of Aave brand product revenue to the DAO is a strategic shift that will help propel Aave towards a clearer token economic model. The company stated that if executed properly, this proposal would not only be significant for Aave but also set an important precedent for the entire DeFi space.Multicoin Capital indicated that the proposal allocates approximately $25 million in stablecoins, along with 75,000 AAVE (valued at about $118 per AAVE, totaling around $9 million), as well as additional milestone rewards.In total, this means an economic exposure of over $40 million to $50 million, accounting for about 25% to 30% of the total funds. This represents a substantial portion of the Aave DAO's funding. Given the scale and pioneering nature of this funding request, we believe the proposal should provide more detailed financial and underwriting data to substantiate the scale of the request.

Circle announced on the X platform that the cross-chain forwarding feature on the CCTP mainnet is now live.As a fully managed service provided by Circle, the cross-chain forwarding feature can automatically execute CCTP transactions on the target chain. The launch of this feature can reduce end-to-end transfer times, lower operational costs and third-party risks, and improve the experience for developers and users.

The Nasdaq-listed Solana treasury company Forward Industries announced its financial performance report, disclosing that the company holds a total of 6,979,967.46 SOL, having staked almost all of the SOL since the establishment of the Solana treasury and earned 133,450 SOL in staking rewards.In addition, Forward Industries also revealed that its stocks registered with the U.S. Securities and Exchange Commission went live on the Solana blockchain last December through the Opening Bell platform under Superstate.

Cryptocurrency journalist Eleanor Terrett posted, "With the U.S. Senate Banking Committee canceling the hearing on the amendments to the CLARITY Act, industry participants, legislators, and committee staff have had time to digest what happened yesterday and the possible next steps, but many are still 'angry' about how it was handled."The consensus among some industry insiders and banking committee staff contacted is that the situation is not entirely hopeless. If relevant parties (i.e., banks, Coinbase, and Democratic lawmakers) can reach an agreement on yields in the coming days, then the bill is "likely" to move forward.Regarding the topic of tokenized securities, which involves research by the SEC and CFTC and potential announcements for public comment, there are two reasons indicating this is no longer a major issue. First, tokenized companies are now stating that the terms Coinbase is concerned about have been taken out of context. Second, some stakeholders, including Brian Armstrong, express hope that the terms may undergo significant revisions or be completely removed.

According to CoinPost, Japan's Minister of Finance, Shunichi Suzuki, stated during the opening ceremony of the Tokyo Stock Exchange's first trading day of the New Year that 2026 is positioned as the "Digital Year."Suzuki mentioned that for the public to enjoy the benefits of digital assets and blockchain assets, commodity and securities exchanges need to play an important role, expressing hope for the popularization of cryptocurrencies and digital assets through exchange infrastructure. She pointed out that in the United States, crypto assets have become a means for the public to combat inflation through ETFs (Exchange-Traded Funds), suggesting that Japan may take similar measures. Suzuki also stated that as the Minister of Finance, she will fully support the efforts of exchanges to build a trading environment utilizing cutting-edge financial technology and looks forward to the stock market reaching new highs this year.