The main purpose is to facilitate the secondary market trading of tokenized open-ended funds approved by the Hong Kong Securities and Futures Commission (SFC) on SFC-licensed virtual asset trading platforms.

BIS General Manager Pablo Hernández de Cos has expressed concerns about the potential risks posed by large dollar stablecoins to financial stability and economic policy. According to NS3.AI, Hernández de Cos highlighted that stablecoins like USDt and USDC could become a threat if they grow to rival traditional currencies. He noted that these stablecoins often resemble investment products rather than cash due to redemption frictions and instances where they have traded away from their pegged value. This warning comes as Europe, the United Kingdom, and Switzerland are in the process of refining their approaches to stablecoin oversight, aiming to address the challenges and risks associated with these digital assets.

Solana's price was recorded at $84.15 as it attempted to rebound from $82.93. According to NS3.AI, this movement was accompanied by an inflow of 1,321,484 SOL into exchanges over a span of four days. This development occurred alongside stress in the DeFi sector following the KelpDAO rsETH exploit. Additionally, Kamino Prime Market's USDC reserve reached full utilization on April 20.

The United States has officially launched a tariff refund system today, potentially involving up to $166 billion. According to BlockBeats, this initiative follows a court ruling that deemed certain tariff collections unauthorized, allowing companies to apply for refunds of previously paid taxes, with approvals expected within 60 to 90 days. The refund primarily targets importers and their agents, initially covering specific eligible tariff orders, such as those not yet finalized or within 80 days post-assessment. U.S. Customs data indicates that over 56,000 companies have registered, with refund amounts totaling approximately $127 billion. Market analysts believe this move will significantly ease cash flow pressures for businesses. However, since many tariff costs have already been passed on to consumers through price increases, and the policy does not mandate companies to return refunds to end-users, the primary beneficiaries remain businesses. Notably, disputes over the distribution of benefits between consumers and companies have led to class-action lawsuits, with firms like Costco and EssilorLuxottica facing legal challenges aimed at extending refunds to consumers. Additionally, logistics companies such as FedEx and UPS have stated that if they receive refunds for tariffs paid on behalf of clients, they will return the corresponding amounts to their customers. Overall, this policy appears to function more as a financial recirculation tool for businesses in the short term, rather than a direct consumer stimulus measure.

According to five sources familiar with the Bank of Japan's thinking, the central bank is unlikely to raise interest rates next week. The dwindling hope for a swift end to the Middle East conflict leaves Japan's economic and price outlook uncertain. While the final decision remains somewhat uncertain and depends on the progress of peace talks between the US and Iran, the sources said the central bank prefers to maintain the status quo this month to allow more time to assess the impact of the conflict. One source stated, "Given the current level of uncertainty, the Bank of Japan might consider maintaining the status quo this month feasible." Another source echoed this sentiment. A third source said the Bank of Japan is unlikely to raise rates, as the market has already fully priced in the possibility of no rate hike this month. These sources added that even if the Bank of Japan keeps rates unchanged next week, given escalating inflationary pressures, it is likely to signal that it is prepared to raise rates as early as June. (Jinshi)

Three senior OpenAI leaders left on the same day as the company shut down or absorbed key projects like Sora and OpenAI for Science. The move is part of a wider shift to focus more on core products and enterprise AI while cutting back on costly experimental work.

The Bank of Japan is reportedly considering maintaining its current interest rates during its meeting in April, according to sources familiar with the matter. This decision comes amid ongoing assessments of economic conditions and inflation trends. According to Jin10, the central bank is weighing its options carefully, as it navigates the complexities of global economic pressures and domestic financial stability. The potential move to keep rates unchanged reflects a cautious approach to monetary policy, aiming to support economic growth while monitoring inflationary risks. The Bank of Japan's decision will be closely watched by investors and analysts, as it could have significant implications for financial markets and economic forecasts.

I don't know where Anthropic will fire next. But I do know one thing—three bullets in four months, the next one will most likely be at the end of May or the beginning of June.

On April 20, Jin10 reported that Guotou Silver LOF has announced a temporary suspension of trading for its fund starting from the market opening on April 21, 2026, until 10:30 AM. According to Jin10, the fund will resume trading at 10:30 AM on the same day, while redemption operations will continue as usual during the suspension period. If the fund's secondary market trading price premium does not effectively decrease on April 21, 2026, the fund reserves the right to apply for temporary intraday suspension, extend the suspension period, or implement continuous suspension measures through the Shenzhen Stock Exchange to warn the market of potential risks. Specific details will be announced at that time.

Sun Wukong has announced the launch of perpetual contracts for META and AAPL, offering up to 20x leverage. According to NS3.AI, these products are listed as META/USDT and AAPL/USDT on the platform's official social media account.

Ayala Land is navigating significant economic challenges due to the ongoing conflict in Iran. Bloomberg posted on X that the company is among many grappling with the repercussions of the geopolitical tensions. The conflict has led to disruptions in global markets, affecting various sectors, including real estate. Ayala Land is assessing the impact on its operations and exploring strategies to mitigate potential risks. The situation underscores the broader economic fallout as companies worldwide adjust to the evolving geopolitical landscape.

According to Onchain Lens monitoring, an OTC whale (0xFB7) deposited 1,000 cbBTC ($74.02 million) into Coinbase, making a profit of $1.97 million. The whale still holds 2,000 cbBTC ($149.6 million) and 133,200 ETH ($31.62 million).

Commerzbank has indicated that the euro may appreciate against the dollar in the long term. According to Jin10, the European Central Bank (ECB) has more room to maneuver in addressing higher inflation compared to the Federal Reserve. The key factor, according to Commerzbank, is not the speed or magnitude of interest rate hikes, but rather which central bank successfully controls inflation. The bank noted that due to significantly increased import tariffs, the core inflation rate in the U.S. is higher than in the eurozone. However, pressure from U.S. President Donald Trump's administration on the Federal Reserve has made it challenging for the Fed to adequately respond to inflation shocks.

This article reviews the KelpDAO hack, analyzes the reasons for the hack and the mastermind behind it, summarizes the losses, and explores why Aave generates a large number of bad debts.

The real AI token is USDC. Everything else is just a facade.

Sam Altman-backed identity project World is rapidly expanding beyond crypto, embedding its human verification technology into popular applications such as Zoom and Tinder as concerns over AI-generated fraud and impersonation intensify.

Fake university certificates and official documents are being sold on social media in South Korea, often paid for in crypto and delivered within hours. Police say these networks are organised and linked to wider fraud, making them difficult to track and stop.

DeFi touts itself as transparent and regulated. But in reality, the most crucial question is: who bears the losses?

The two countries and the two most important AI companies have both reached the limits of their respective paths.

Where exactly does AI payment happen? How can AI spend money securely? How does this business make money? Where will the competition between large companies and startups lead?