cred

According to market news, the Japanese cryptocurrency exchange platform Bitbank has launched a cryptocurrency-linked credit card that allows users to pay bills directly using the assets in their exchange accounts, including settling with Bitcoin.This credit card also offers a 0.5% cryptocurrency cashback on monthly spending. The product is launched by Bitbank and aims to use the cryptocurrency assets held by the exchange for everyday payment scenarios.

In response to the U.S. accusations of China "stealing" intellectual property from American artificial intelligence laboratories, Foreign Ministry spokesperson Guo Jiaqun stated during a regular press conference on the 24th that the U.S. claims are unfounded and are a smear against China's achievements in the development of the artificial intelligence industry. China firmly opposes this. We urge the U.S. to respect the facts, abandon prejudice, stop suppressing technology related to China, and do more to promote technological exchange and cooperation between the two countries.

According to market news, Bitcoin mining company Core Scientific disclosed that its wholly-owned subsidiary Core Scientific Finance plans to privately issue a total of $3.3 billion in senior secured notes to qualified institutional buyers, with a maturity date of 2031. The company stated that a portion of the net proceeds will be used to fully repay previously deferred draw term loans under a 364-day credit facility, including accrued interest and related fees.The notes will be fully guaranteed by five subsidiaries of Core Scientific and secured by a first-priority lien on the majority of the assets of the relevant subsidiaries.

DefiLlama founder 0xngmi has outlined three possible courses of action that KelpDAO may take following the rsETH hacking incident. Each of the three paths has significant flaws, and the final decision will test KelpDAO's credibility and Aave's risk tolerance.Path One: All users share the losses. KelpDAO will uniformly deduct 18.5% of the losses from all rsETH holders proportionally. Currently, there are about 666,000 rsETH collateralized across the Aave network, primarily highly leveraged on the mainnet and L2 (assuming all are at a 95% liquidation LTV). Once socialized losses occur, the equity of all positions on the mainnet will be completely wiped out, resulting in approximately $216 million in bad debt. The Umbrella protocol can cover $55 million in bad debt, and the Aave treasury will additionally bear $85 million, leaving a gap of about $76 million. KelpDAO may fill this gap by borrowing or selling Aave tokens (currently valued at about $51 million), but this would still put significant pressure on Aave, and all users would need to share the losses.Path Two: Directly rug the rsETH holders on L2. KelpDAO will only guarantee the mainnet rsETH and consider the rsETH on L2 as worthless. Currently, Aave L2 has about $359 million in rsETH collateral (calculated at current oracle prices), and if all are calculated at maximum leverage, it would result in approximately $341 million in bad debt, which cannot be covered by the Umbrella protocol at all. Aave can only use the treasury or borrowing to save part of the market, most likely abandoning chains like Arbitrum, Mantle, and Base, which have the largest losses, leading to a collapse of these L2 markets. This option has a minor impact on the Aave mainnet but would severely damage the credibility of the L2 ecosystem and could trigger a chain reaction.Path Three: Attempt to refund only the holders based on a snapshot taken before the hack, which is extremely difficult to execute. KelpDAO tries to fully refund only the rsETH holders based on the snapshot taken before the hack, while subsequent buyers or transfer holders would bear the losses themselves. However, since funds have significantly flowed after the attack, and the nature of DeFi protocols is liquidity pools, it is impossible to truly distinguish between different batches of depositors, making technical execution very challenging. The hacker borrowed $124 million on the Aave mainnet and $18 million on Arbitrum, and after deducting the coverage from the Umbrella protocol, there remains about $91 million in losses. Although this plan theoretically minimizes the spread of impact, its practical implementation is nearly impossible and could easily lead to legal and community disputes.

Orca posted on the X platform that its frontend is hosted on the cloud hosting platform Vercel. In response to the Vercel security incident, all potentially leaked keys and deployment credentials have been rotated out of caution. Orca's on-chain protocol and user funds were not affected. The official team will continue to monitor the situation and will provide updates as more information becomes available.

At the "Crypto 2026: From Cryptocurrency to Smart Economy" themed forum held in Hong Kong, Dr. Daxue Wang, CFO of Lotus Technology Inc., delivered a keynote speech titled "Crypto Links to the Physical Industry, Smart Mobility Running on the Chain."Dr. Daxue Wang stated that smart mobility is the pioneering carrier of the smart economy. Lotus, a luxury electric vehicle brand with a 78-year history, has been listed on NASDAQ and is actively exploring the deep integration of crypto technology with the physical industry. He proposed three major integration directions:First, safeguarding data value by utilizing the immutable nature of blockchain and privacy computing, allowing users to have absolute control over their personal data, achieving credible data circulation and value flow. Second, releasing asset value by exploring efficient circulation and fair trading of assets such as vehicle sales, brand value, autonomous driving technology patents, and global sales networks through RWA, while promoting credible traceability of carbon assets in green mobility. Third, co-creating ecological value by recording data on driving, charging, and maintenance through on-chain smart nodes, allowing users to upgrade from "car owners" to "participants in the brand ecosystem" through on-chain rights confirmation.Dr. Daxue Wang pointed out that the current challenges include compliance implementation, technology adaptation, and ecological co-construction, but the opportunities lie in open cooperation, promoting smart mobility as a practical landing scenario of the smart economy. Lotus hopes to work hand in hand with the crypto ecosystem to realize the vision of "from buying a Lotus car to sharing the growth value of Lotus technology."

The bond tokenization platform BlockInvest announced the completion of a €4 million strategic round of financing, with Italy's UniCredit participating and acquiring a 16% stake in the company.It is reported that BlockInvest will assist UniCredit in issuing Italy's first native digital mini-bond, as well as the first blockchain-based tokenized structured notes aimed at wealth management clients, and will build a system that combines digital ledger programmability with finance.

According to Bloomberg, Flow Capital Partners plans to launch its $150 million private credit fund on a blockchain platform based in Singapore by the end of this month, becoming one of the first asset management firms in Asia to leverage the growing liquidity of stablecoins.The alternative asset management company headquartered in Hong Kong will provide its master fund through DigiFT Tech Pte. and plans to raise an additional $30 million through tokenized shares by the end of this year. The company's Chief Investment Officer Jacky Tian stated that the goal is to expand the fund, which was launched in June, to $250 million by the end of the year.

According to Jinshi reports, former U.S. Treasury Secretary Yellen stated that Federal Reserve Chair nominee Kevin Warsh lacks "credibility" in advocating for interest rate cuts.

According to Bloomberg, Carlyle Group raised $1.5 billion in the first round of fundraising for its newly established asset-backed investment fund, as the private equity giant continues to expand its credit business.Pension funds, sovereign wealth funds, and other institutional investors participated in the fund—Carlyle Asset-Backed Income Fund. Unlike most fixed-term credit funds, this fund will adopt a "perpetual" structure with no set expiration date. The individual requested anonymity due to the sensitive nature of the information.

According to Bloomberg, the Federal Reserve is inquiring in detail with major banks about their risk exposure in the private credit sector, due to a surge in fund redemptions and a continuous rise in non-performing loans. The Treasury is also simultaneously questioning the insurance industry to comprehensively assess the overall pressure on the $1.8 trillion private credit industry and the risks of its spillover into the financial system.BitMEX founder Arthur Hayes commented, "I hope the scale is large enough so that we can welcome money printing to save the market." Implicitly, if this regulatory assessment reveals systemic risks, it may force the Federal Reserve to restart easing and implement large-scale monetary expansion, which could benefit the cryptocurrency market.

OKX will open OneFootball Credits (OFC) deposits on April 9, 2026, at 10:00, with a collective auction from 17:00 to 18:00. Spot trading for OFC/USDT will start at 18:00, and withdrawals will open at 20:00. Users can prepare for trading by depositing USDT.

According to The Block, based on the 8-K document submitted by Strategy to the U.S. Securities and Exchange Commission, the company reported an unrealized loss of approximately $14.46 billion in Bitcoin for the first quarter of 2026. However, the related tax implications resulted in approximately $2.42 billion in deferred tax assets, partially offsetting the book losses.Despite the holdings being in a state of unrealized loss, Strategy chose to continue increasing its Bitcoin holdings in early April. The related funds mainly came from its ATM (at-the-money) equity financing plan, which is also part of its "42/42" financing strategy, aiming to raise $84 billion by 2027 for continued Bitcoin accumulation.

Bitcoin fell back after reaching $69,000 on Wednesday, following U.S. President Trump's speech that failed to assure an end to the Iran war, while WTI crude oil prices rose above $110, triggering market risk aversion. Meanwhile,the U.S. Treasury expressed concerns about the $2 trillion private credit market, and Blue Owl, which manages $30.7 billion in assets, announced that two of its private credit funds experienced "unconventional redemption requests," setting a withdrawal request limit of 5%. The number of people continuously applying for unemployment benefits in the U.S. rose to 1.84 million.Bitcoin has maintained a support level of $66,000 this week but faces multiple selling pressures. The U.S.-listed spot Bitcoin ETF has seen a net outflow of $450 million since March 24, with the industry holding $88 billion in Bitcoin assets, of which BlackRock's IBIT leads with $53.9 billion. MARA Holdings sold 15,133 BTC in March, Riot Platforms transferred out 500 BTC for sale, and Nakamoto Holdings sold 284 BTC.The U.S. federal deficit is expected to reach $1.9 trillion by 2026, and the market believes that economic stimulus measures may provide support for Bitcoin prices in the medium term. Companies like Strategy and Metaplanet continue to buy Bitcoin, partially offsetting the aforementioned selling pressure.

According to Jin Shi reports, Fed's Logan stated that some weakness and vulnerabilities have been observed in the private credit sector.

According to The Block, South Korea's major credit card company KB Kookmin Card announced that it will collaborate with Avalanche to build a hybrid stablecoin payment model based on a public chain, and jointly develop a complete stablecoin system covering recharge, payment, and settlement with digital asset infrastructure company OpenAsset.This system will retain the user experience and reward points of traditional credit cards to lower the threshold for users to use stablecoins and digital assets. It is reported that the system will prioritize deducting the stablecoin balance in the digital wallet linked to the credit card, and when the balance is insufficient, the difference will be automatically paid by the credit card. Previously, KB Card disclosed in January this year that it had applied for relevant patents involving a hybrid payment system that connects existing credit cards with digital wallets.

According to CoinDesk, Aave has officially launched the v4 upgrade version on Ethereum after about two years of development, introducing a new architecture that separates the lending markets while sharing liquidity, aiming to expand DeFi from crypto-native lending to real-world assets and institutional use cases.The v4 version changes the way Aave organizes its markets, allowing different types of lending markets to operate independently while sharing the same liquidity pool, enabling users to conduct lending operations on assets beyond crypto tokens in the future. Aave Labs founder Stani Kulechov stated that lending is based on trust and needs to reflect market conditions. He also pointed out that this upgrade facilitates other teams to develop and expand on top of the protocol.In terms of capital efficiency, the v4 version can also reinvest idle funds within the system. The upgrade launched with a limited set of markets and conservative parameter settings, with more features to be added gradually following governance resolutions. This launch coincides with governance disputes within the Aave ecosystem regarding decentralization and revenue distribution issues.

Bloomberg analyst Eric Balchunas posted on social media that the T-Strive Digital Credit ETF, jointly launched by Tuttle and Strive, has submitted new application documents. This ETF will hold preferred securities of DAT company.The T-Strive Digital Credit ETF is a basket of holding-type products, with underlying assets being the preferred securities of multiple Digital Asset Trusts (DATs). It can be understood as a "DAT preferred securities portfolio ETF," rather than just betting on a single issuer.