key

Aave officially announced an update to its bug bounty program to better match the risk characteristics of various parts of the ecosystem and simplify the review process. According to the latest adjustments, the bounty cap for critical bugs in Aave V4 and Core Aave V3 has been increased to five times the original amount.Aave Labs also proposed a reorganization of the bounty framework, placing different subsystems under the management of platforms such as Immunefi, Sherlock, and Cantina. The core components such as Core Aave V3, V2, and GHO will continue to be managed by Immunefi; Aave V4 and Aave App Stack will transition to Sherlock; and Aave V3 on Aptos will be managed by Cantina.

According to CoinDesk, crypto wallet infrastructure Turnkey has completed a $12.5 million strategic financing, bringing the total funding to over $65 million. Major investors include Archetype, Circle Ventures, and Sequoia Capital.The new funds will primarily be used for the development and release of the digital asset security computing product Turnkey Verifiable Cloud.

David Sacks posted on the X platform that tomorrow's review of the Digital Asset Market Clarity Act (CLARITY Act) is an important step in promoting the United States as the "global crypto capital" and maintaining its leadership in innovation.David Sacks expressed gratitude to Senate Banking Committee Chairman Tim Scott and the relevant committees for their efforts in compromising and advancing the bill, as well as to White House crypto advisor Patrick Witt and the support from the crypto industry. He noted that currently, about 50 million people in the United States hold or use cryptocurrency, and this bill will help ensure the continued innovation and development of the U.S. crypto ecosystem in the coming years.

The cryptocurrency research institution Delphi Digital released the latest report "How Far Can Saylor Stretch It," which systematically analyzes the Bitcoin (BTC) funding expansion mechanism of Strategy, pointing out that its financing structure is transitioning from "low-cost accumulation" to the "diminishing marginal efficiency" stage. The report shows that in the current asset accumulation system centered around Bitcoin, STRC has become the core financing tool for Strategy's continuous purchase of BTC. Initially, it relied on a significant premium in MSTR's stock price (mNAV far exceeding BTC's net value) to achieve a positive cycle of "issuance leads to accumulation," but as the valuation has fallen back to about 1.24 times the EV-based mNAV, the BTC per share enhancement effect from common stock issuance is nearing breakeven.At the same time, while convertible bond tools have played an important role historically, they have accumulated about $8.2 billion in principal and will face concentrated repayment pressure after September 2027, putting long-term sustainability of the financing structure under pressure. STRC provides a continuous financing source for Strategy by offering approximately 11.5% annualized monthly dividends to income-oriented investors, to maintain the pace of BTC purchases. However, this mechanism also introduces ongoing cash flow obligations, meaning that each round of financing increases BTC assets while simultaneously accumulating future dividend burdens.The report emphasizes key risk scenarios: if BTC prices remain stagnant and MSTR's premium fails to recover, then the "STRC financing purchase gain" may be gradually offset by "common stock dilution and dividend obligations." Although the company's approximately $2.25 billion cash reserves can cover about $1 billion in redemption pressure in 2027, larger-scale debt and dividend structures in 2028 still need to be addressed. Additionally, the current authorized issuance limit of about $28.3 billion for STRC becomes a critical constraint point. Once the limit is reached, the ability to purchase new BTC may slow down, but existing dividend obligations will continue to exist, thus altering the overall BTC per share dynamic growth path.

According to the official Stellar blog, the Stellar Development Foundation and the Bermuda government announced that Bermuda will migrate key payment and financial service activities to the Stellar network to advance its plan to build the world's first fully on-chain national economy. Local residents will be able to receive salaries, pay merchants and government fees, and hold and transfer digital assets through a Stellar-based digital wallet. Bermuda government agencies plan to pilot payments based on stablecoins, and financial institutions will have access to tokenized tools, with related assets also usable for government payment scenarios such as social welfare distribution. Officials stated that this move is expected to reduce the current card transaction fees for local merchants, which can be as high as 3% to 5% or even 10%, improve payment efficiency, and strengthen digital financial infrastructure.

The Stellar Development Foundation and the Government of Bermuda jointly announced that Bermuda will migrate key payment and financial services to the Stellar network, officially advancing the construction of a "fully on-chain national economy."The plan relies on Bermuda's 2018 Digital Asset Business Act regulatory framework, aiming to significantly reduce local merchants' payment processing costs from 3% - 5% or even higher.According to the plan, Bermuda residents will be able to receive salaries, merchant payments, pay government fees, and hold digital assets through digital wallets on the Stellar network in the future.The government will pilot stablecoin payments, and financial institutions will have access to tokenized tools, with related assets also being used for government payment scenarios such as social service disbursements.

According to CoinDesk, the cryptocurrency market has temporarily stalled before the release of the U.S. April CPI data. Bitcoin has recently been oscillating in the range of $80,000 to $82,000, failing to effectively break through since last Wednesday.The market believes that although capital flows still indicate a potential for a subsequent breakthrough, inflation and macro risks are suppressing risk appetite. The U.S. will release the April Consumer Price Index (CPI) at 8:30 PM Beijing time tonight. FactSet data shows that the market expects the April CPI to rise year-on-year to 3.7%, up from 3.3% in March. If the forecast is realized, it will mark the largest increase since January 2024 and is significantly higher than the average of 2.7% over the past 12 months. The core CPI is expected to rise year-on-year to 2.7%, up from the previous value of 2.6%.Analysts are concerned that if the inflation data exceeds expectations against the backdrop of high oil prices and Trump's statement that the U.S.-Iran ceasefire is "extremely fragile," it may further trigger market risk aversion, dragging down the performance of risk assets.Lukman Otunuga, head of market research at FXTM, stated that the current market is entering a sensitive phase where geopolitical issues, inflation risks, and central bank expectations are intertwined. High oil prices, uncertainty regarding the situation in Iran, and key U.S. economic data may lead to increased volatility in commodities, exchange rates, and global stock markets.In addition to macro factors, XRP and SOL are also approaching key supply zones again. XRP tested $1.50 today but has failed to break through this level multiple times since February of this year; SOL is once again nearing the resistance level around $97.Meanwhile, institutional interest in related assets is heating up. The U.S. spot XRP ETF recorded a net inflow of $25.8 million on Monday, reaching a new high since January 5; Bitcoin and Solana ETFs also maintained net inflows, while the Ethereum ETF saw a net outflow of $16.9 million.

The U.S. Senate Banking Committee has released the first updated complete draft of the CLARITY Act since January of this year. The new draft has made significant adjustments in several key chapters.These include: a major rewrite of Chapter 1 concerning definitions, the authority of the U.S. Securities and Exchange Commission (SEC), and other content; the addition of insider trading provisions in Section 109; updating "joint control" to "coordinated control" in Chapter 2; rewriting Section 301 to further clarify the regulatory boundaries between DeFi and CeFi; updating Section 404 to incorporate the compromise proposal from Tillis and Alsobrooks; adjusting Section 505 to narrow the scope of SEC's authority limitations in the tokenization field; and restructuring the bankruptcy and insolvency framework in Sections 701 and 702. Additionally, Section 904 is a new addition, titled the "Build Now Act."Alex Thorn also pointed out that the protective provisions for developers in the Blockchain Regulatory Certainty Act in Section 604 remain largely intact, with only minor modifications that do not weaken its core protective content.

According to the blockchain security organization SlowMist (@SlowMist_Team), a highly complex npm worm named "Mini Shai-Hulud" is spreading through well-known developer projects such as TanStack, UiPath, and DraftLab, as monitored by their threat monitoring system MistEye. Attackers hijack GitHub credentials to publish malicious packages disguised as legitimate updates, embedding a hidden script router_init.js that runs silently in CI/CD environments like GitHub Actions, specifically designed to steal CI/CD keys, cloud infrastructure keys, and cryptocurrency wallet information, using GitHub's own infrastructure for data exfiltration.SlowMist has synchronized relevant threat intelligence (IOC) with clients and recommends that projects using the affected packages immediately check their CI/CD pipelines for the presence of the router_init.js file, rotate all exposed GitHub, cloud service, and cryptocurrency credentials, and continuously monitor for abnormal background activities in the development environment.

According to GoPlus, there have been two new public key leakage incidents in the past 36 hours, with a total loss of $238,000. Among them, 0xUnihax0r lost $200,000, and he had previously uploaded a trading bot and Telegram; the stolen address of @Eli5defi is linked to a previous large-scale private key leakage incident involving 574 addresses. GoPlus suggests that, in light of such centralized large-scale private key leaks, it is advisable to immediately check for risks according to the private key leakage self-inspection checklist.

According to a post by Galaxy Digital on Sunday, seven Democratic senators on the Senate Banking Committee may be the key force behind the passage of the Digital Asset Market Clarification Act (CLARITY Act), which is scheduled for committee review on Thursday.Galaxy identified Ruben Gallego and Angela Alsobrooks as constructive/supportive; Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock were listed as conditional facilitators, having voted in favor of the GENIUS Act but calling for strengthened safeguards such as anti-money laundering measures; Lisa Blunt Rochester was marked as having an uncertain stance, having supported the crypto framework but voting against the GENIUS Act.Galaxy stated that if Democrats vote in support during the review, the likelihood of the bill passing in the full Senate would significantly increase. The bill needs the support of at least half of the 24 members of the Banking Committee to proceed to a full Senate vote. Coinbase's Vice President of U.S. Policy, Kara Calvert, pointed out that the bill requires at least 60 votes and bipartisan support to become law in the Senate. The CLARITY Act was proposed in July 2025 and was stalled earlier this year when Coinbase withdrew its support.

Crypto journalist Eleanor Terrett revealed that according to the latest polls in the United States, the issue of supporting cryptocurrency market structure legislation crosses party lines, with 52% of voters in favor of the bill and only 11% opposed. The Cryptocurrency Market Structure Bill (the CLARITY Act) has received majority support from Democrats, Republicans, and independents, highlighting the widespread demand among voters for clearer rules and enhanced consumer protection for digital assets, while preparing for a key vote in the Senate Banking Committee next week.

NEAR Protocol stated on platform X that the team is adding post-quantum cryptography support for the network. NEAR's account model is different from Bitcoin and Ethereum; accounts are decoupled from cryptography and controlled through rotatable access keys.The NEAR One team is adding the NIST-approved lattice-based signature FIPS-204 scheme as the first post-quantum signature option. Once launched, any NEAR account holder can rotate keys through a single transaction, achieving quantum safety. NEAR is also collaborating with software and hardware wallets to advance post-quantum support.Through the chain signature feature, NEAR can provide threshold signatures for over 35 chains. The NEAR Intents team is developing a quantum-safe cross-chain signature solution. If other chains progress slowly in adopting post-quantum cryptography, NEAR can offer a quantum-safe environment. Aspects such as consensus mechanisms, validators, block synchronization, and transaction signatures also need to evolve for the post-quantum era, with the goal of achieving a one-time future-compatible migration.

Glassnode's latest report indicates that Bitcoin has broken through the real market average ($78,200) and the cost price for short-term holders ($79,100). If it can maintain this range for the next week, the "deep value phase" since 2026 may become the shortest in Bitcoin's history.The next key resistance level in the current market is around $85,200. On-chain data shows that the 30-day net realized profit and loss average has turned positive to 0.003% of the market cap, and long-term holders have realized profits rising to $180 million daily, but this is still significantly lower than the over $1 billion level during the peak of this cycle.However, the market has realized losses still amounting to $479 million daily, which is 140% higher than the stable range of this cycle. Glassnode believes that it needs to continuously fall below $200 million to confirm a healthier demand recovery.In terms of capital, the 30-day net inflow of the U.S. spot Bitcoin ETF has turned positive again, indicating that institutional demand is recovering. At the same time, the perpetual contract funding rate remains negative during the upward process, suggesting that market short positions are still heavy. If shorts continue to be squeezed, it may further drive prices up.Additionally, there is a concentration of about $2 billion in "Short Gamma" positions around $82,000, and market makers' hedging behavior may amplify price volatility. Glassnode believes that the overall trend for Bitcoin remains strong, but the market has entered a more sensitive phase. If there is a lack of sustained spot buying support, there may be significant selling pressure around $85,000.

CryptoQuant analysts stated, "93,000 dollars is a key upward target for Bitcoin. The CME gap is not a guarantee, but a signal. They represent areas where positions, liquidity, and market psychology converge, making them key reference points for future price movements."

According to market news, the amendment to South Korea's Foreign Exchange Transaction Act has been passed by the National Assembly's Legislation and Judiciary Committee. This amendment will expand the regulatory scope of foreign exchange trading to include virtual asset service providers, including cryptocurrency exchanges.The committee passed the bill in today's plenary session and adopted the revisions suggested by professional committee members. The bill has now been submitted to the National Assembly for a final vote, which may take place as early as May 7.

According to The Crypto Times, the High Court of Himachal Pradesh, India, rejected Abhishek Sharma's bail application. Sharma is one of the key promoters of a large-scale cryptocurrency MLM scam, which is suspected of defrauding over 80,000 investors across India, with estimated losses reaching 500 million rupees and a total investment pool of about 2 billion rupees.The report states that the scam involved several fraudulent crypto platforms such as Korvio, Voscrow, DGT, Hypenext, and A-Global, with investors promised double returns. In the early stages of the project, small returns were paid to attract more participants, but all payments suddenly stopped on December 25, 2021. Subsequently, the promoters directed users to other platforms, ultimately failing to pay any returns.The Enforcement Directorate (ED) had previously conducted searches at eight locations in Himachal Pradesh and Punjab, freezing approximately 12 million rupees in lockers and bank deposits. Investigators stated that the funds in the case were laundered through real estate developers, shell companies, and family bank accounts, with some senior individuals involved having fled to Dubai.

According to Politico, Poland's major cryptocurrency exchange Zondacrypto is facing a serious fraud investigation. Its former CEO went missing in 2022, taking with him the private keys to a cold wallet containing 4,500 bitcoins (currently worth over $340 million). The current CEO has admitted to being unable to access the wallet and has recently been reported to have fled to Israel. Prosecutors estimate potential losses for customers to be around $97 million.On-chain data shows that the bitcoin balance in the platform's hot wallet has plummeted by 99.7% since mid-2024, with users generally reporting difficulties in withdrawing funds. Polish Prime Minister Tusk estimates that up to 30,000 users may be affected.Tusk publicly accused the platform of being funded by Russian-linked money, used to finance opposition lawmakers to obstruct Poland's cryptocurrency regulatory legislation. He bluntly stated that this is a "Polish version of a Ponzi scheme" and criticized the president for vetoing the localization of the EU MiCA framework twice, making Poland a "paradise for scammers."The platform's board stated that they failed to obtain "verifiable information" from the missing CEO and have collectively resigned. The founder has been missing since 2022, and the previously mentioned "suspect kidnapping allegations" case is still under investigation. This incident is expected to prompt Poland and the EU to strengthen regulatory scrutiny of cryptocurrency exchanges.

According to Jinshi reports, Federal Reserve's Williams stated that inflation remaining persistently above the target is clearly a focus of concern for central bank officials.