Quick Summary: The Senate Banking Committee plans to hold a confirmation hearing for Fed chair nominee Kevin Warsh as early as the week of April 13. The Senate Banking Committee is planning to hold a confirmation hearing for Kevin Warsh, President Trump’s nominee for Federal Reserve chair, as early as the week of April 13, according to a report from Punchbowl News citing two sources familiar with the matter. The hearing date is described as fluid, with the final timing contingent on Warsh completing and submitting all required paperwork to the committee. A mid-April hearing would provide a clearer path…
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Quick Summary: Aave, the largest decentralized lending protocol, has deployed on X Layer, OKX’s Ethereum layer-2 blockchain, enabling lending and borrowing on the network. Aave, the largest decentralized lending protocol by total value locked, has officially launched on X Layer, an Ethereum layer-2 blockchain operated by crypto trading platform OKX. The deployment represents a notable development for X Layer, which currently holds just $25 million in total value locked since its launch in 2024. Users of the OKX Wallet and the X Layer network can now lend, borrow, and earn yield directly on the chain without needing to transfer assets…
Quick Summary: Prediction market transactions exceeded 191 million in March, a 2,838% rise from the same period last year, driven by political contracts and wider accessibility. Prediction market activity has reached record levels in March, fueled by rising interest in political and geopolitical event contracts, broader platform accessibility, and favorable regulatory momentum. Data tracked by Dune shows transaction counts have surpassed 191 million for the month, representing a 2,838% increase compared to the same point last year. Monthly notional trading volume has climbed to approximately $23.9 billion, up sharply from $1.9 billion at the same time in the prior year,…
Quick Summary: Lido DAO proposes swapping $20 million in stETH from its treasury to buy back LDO tokens, citing the governance token’s historically low valuation. Lido’s decentralized autonomous organization is weighing a one-time $20 million buyback of its governance token, LDO, in response to what it describes as a significant price dislocation relative to Ether. A formal proposal submitted on Friday requests authorization to exchange 10,000 Lido Staked Ether (stETH) tokens from the DAO’s treasury for LDO. The DAO contends that LDO is currently undervalued and that the gap between its price and Ether is not warranted by the protocol’s…
Quick Summary: Strategy made no Bitcoin purchases last week, ending a 13-consecutive-week buying streak as its stock sits roughly 77% below its November 2024 peak. Strategy appears to have made no Bitcoin purchases last week, bringing an end to a run of 13 consecutive weekly acquisitions. The pause marks a notable shift in the company’s recent pattern of sustained buying activity. It is unclear what prompted the break in the streak at this time.Shares of the company, traded under the ticker MSTR, are currently down approximately 77% from the peak they reached in November 2024. The steep decline reflects the…
Quick Summary: StraitsX has recorded a 40x rise in transaction volume and 83x growth in card issuance between 2024 and 2025. StraitsX, a Singapore-based financial infrastructure company, has recorded dramatic growth across its stablecoin card program over the past year. Transaction volume surged 40 times between 2024 and 2025, while card issuance grew 83 times over the same period. The figures signal accelerating adoption of stablecoin-backed payment products in the region.The company’s infrastructure underpins stablecoin-backed cards for a range of partners operating in the payments space. One such partner, RedotPay, processed more than $2.95 billion in card volume during 2025…
Quick Summary: Crypto and banking industry representatives have reviewed proposed stablecoin yield language in a market structure bill, with widespread dissatisfaction reported. Industry representatives from both the crypto and banking sectors have reviewed proposed language in a forthcoming crypto market structure bill that addresses stablecoin yield. The draft text was shared with crypto representatives on Monday and banking representatives on Tuesday of the week of March 23. The language stems from an agreement-in-principle announced by Senator Angela Alsobrooks (D-Md.) and Senator Thom Tillis (R-N.C.), and has not yet been released to the general public, though it is expected to become…
Quick Summary: Bullish Bitcoin long positions on Bitfinex have reached 79,343, the highest level since November 2023, historically a signal preceding price sell-offs. Bullish long positions on Bitcoin held through Bitfinex have climbed to 79,343, marking the highest level recorded since November 2023. The surge represents a notable shift in trader positioning on the platform. Analysts are now watching the development closely given its historical implications for price direction.Historically, sharp spikes in BTC/USD long positions on Bitfinex have functioned as a contrary indicator rather than a straightforward bullish signal. Past instances of similar surges have tended to coincide with price…
Quick Summary: OnePay, majority-owned by Walmart, has added over a dozen cryptocurrencies to its platform, citing customer demand, liquidity, and regulatory clarity. OnePay, the banking app majority-owned by Walmart, has significantly broadened its cryptocurrency lineup, adding more than a dozen digital assets since its launch in January. The platform initially offered only Bitcoin and Ethereum when its crypto feature debuted. It has since listed tokens including Solana, Cardano, Bitcoin Cash, and PAX Gold, and most recently added SUI, Polygon, and Arbitrum. The rapid expansion reflects growing customer interest in digital assets through the fintech platform.Ron Rojany, OnePay’s general manager for…
Quick Summary: The CLARITY Act would ban yield on stablecoins, classifying them as payment tools and potentially redirecting returns to traditional finance. A proposed piece of legislation known as the CLARITY Act could significantly alter how stablecoins function within the broader financial ecosystem. The bill would prohibit stablecoins from offering yield to holders, effectively redefining them as payment instruments rather than savings or investment products. If enacted, the measure would mark a notable shift in how digital dollar-pegged assets are regulated and used.Markus Thielen of 10x Research argues that the proposal carries meaningful consequences for decentralized finance. By stripping yield…
