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The crypto market structure bill has seen almost no public progress in the past month. While it is quite difficult to predict the outcome of the bill, the window for passing it is narrowing. Many actions surrounding the market structure issue—such as statements from staff at the Securities and Exchange Commission (SEC)—are not permanent guidance. The SEC has time to issue rules that require public notice and comment periods, but this will take time.The market structure legislation aims to codify the goals of the crypto industry and regulatory rules into law, making it more difficult for future governments to overturn these rules. In other words, without the Clarity Act, we could very well still be having the same discussions years from now.Since at least last December, May 25, Memorial Day, has been viewed as the "deadline" for legislative progress. After entering summer, lawmakers will leave Washington to campaign, leaving little time for the crypto bill (or most other legislation). Before Congress recesses, the House still needs to consider a bill that provides funding for the Department of Homeland Security, while the Senate must decide whether Kevin Warsh will become the next Federal Reserve Chair.The crypto industry is eager for the bill to pass. Over 100 organizations signed an open letter last week urging the Senate Banking Committee to hold a hearing on the bill, which would be the first step in the overall passage process. However, it is currently unclear how far the committee is from moving forward. The issue of stablecoin yields continues to dominate discussions, and other unresolved issues remain unaddressed at least in public.Even if these issues are resolved, the House will still need to vote on the bill again. House Financial Services Committee Chairman French Hill stated earlier this month that many unresolved issues surrounding stablecoin and DeFi sales practices have been addressed in the House version of the bill, and the Senate should be able to find consensus.

The Humanity Foundation has recently made significant adjustments to the $H token allocation plan, requiring investors to make a final choice between two options by April 26 at 09:00 UTC: one, extend the distribution, pushing the Cliff to September 25, 2026, and changing to equal distribution over 12 quarters; two, a 3:10 discounted immediate unlock, replacing the original 16,666,666 tokens with 5,000,000 $H (a 70% reduction), to be fully distributed on June 25, 2026.It is understood that the Humanity Foundation has sent adjustment notifications to over 100 investors. Early investment firm Trix Ventures has publicly disclosed its choice of the discounted immediate unlock.It is reported that this firm invested during the project's valuation phase of approximately $60 million, and even after the 3:10 discounted replacement, it can still achieve about 7 times return. Notably, the Humanity Protocol previously reached an in-depth cooperation with payment giant Mastercard, and the project's fundamentals have received endorsement from traditional financial institutions. The on-chain identity verification sector it belongs to is currently in its early market stage, but with the continuous expansion of AI-generated content and automated accounts, the demand for on-chain real identity verification is widely believed to grow exponentially, giving this sector long-term potential to become a leading project in the Web3 infrastructure field.The project is about to face a test of significant selling pressure from a one-time massive unlock, and whether it can grow explosively alongside the AI sector is crucial. Analysts point out that choosing the one-time unlock on June 25 is a safer decision. In the current market cycle, "certain liquidity" far outweighs paper numbers. The deferred plan extends the cycle to 3 years, with huge uncertainties regarding the protocol's survival and team stability.From a market structure perspective, June 25 faces obvious concentrated selling pressure risks: the Sablier contract release node is transparent on-chain, and quantitative and short-selling funds will precisely target this node; institutions may lock in profits by hedging in advance during the two-month window; market makers may withdraw buy depth in advance, causing the actual realization value to be less than 10% of the nominal value. Historically, large-scale concentrated unlocks of Starknet (STRK) and ApeCoin (APE) have triggered severe selling pressure, with the former dropping over 95% from its peak and the latter declining 77% within 7 months.

According to Gate market data, the S&P 500 E-MINI futures rose by 0.15%, Dow futures rose by 0.16%, and Nasdaq 100 futures rose by 0.24%.

Polymarket has launched "Claude developer Anthropic's next round of financing deadline," with the current probability reported at 22% before the end of June; and 81% before the end of December. The event contract rules are as follows: if the specified company publicly and officially announces that it has completed the next round of financing before the specified date (Eastern Time), the market will ultimately be determined as "yes." Otherwise, this market will ultimately conclude as "no." A qualified announcement must clearly confirm that the new round of financing has been completed, which can be through the specified company (such as a press release) or official announcements from its investors, regulatory documents, or consensus reported by credible media.Informal announcements, statements from anonymous sources, or leaks do not meet the criteria. If the specified company is unable to complete the new round of financing due to acquisition, merger, or absorption by other entities, the market will be settled as "no." The primary settlement source for this market will be the official announcements from the specified company, as well as official documents from the company, such as SEC filings; however, credible consensus reporting can also be used. According to ChainCatcher, the Odaily Seer prophet channel continues to monitor the prediction market and has seen changes before pricing.

The IRS is intensifying its regulatory oversight of tax compliance for crypto assets as the April 15 filing deadline approaches, with related enforcement actions continuing to strengthen.Reports indicate that about 61% of U.S. crypto investors are still unaware of the new reporting rules for the 2025 tax year, and approximately 52% of investors are concerned about facing penalties due to reporting errors. The new rules require brokers to report digital asset trading income to the IRS for the first time using Form 1099-DA, but the cost basis still needs to be calculated by the investors themselves.Industry insiders state that the current regulatory environment has become stricter, and investors need to maintain complete records of transactions and wallet data, and report accurately to avoid potential legal risks.

According to Jinshi News, U.S. bank stocks rose broadly before the market opened, with JPMorgan rising 2.6%, Bank of America rising 2.3%, Wells Fargo rising 2.6%, Citigroup soaring 3.7%, Goldman Sachs rising 3.8%, and Morgan Stanley rising 3.7%.

According to Jin Shi reports, U.S. Vice President Vance stated: (The strike on) the Harcourt does not mean a strategic shift. He reiterated that the deadline for Iran is 8 PM Eastern Time on Tuesday. We will receive Iran's response before 8 PM Eastern Time. The U.S. is confident that Iran will respond. Iran has never been the fastest in negotiations, and it is still not.

According to Gate market data, after the non-farm payrolls were released, the US dollar index DXY surged sharply in the short term, reaching a high of 100.1. Non-US currencies generally fell, with the euro against the dollar EUR/USD and the pound against the dollar GBP/USD dropping nearly 30 points in the short term.

U.S. President Trump stated: "We are having very substantive negotiations with Iran, and I will announce a new negotiation 'deadline'."

According to Cointelegraph, Google has set 2029 as the deadline for its post-quantum cryptography migration, warning that the threat of quantum computing may arrive sooner than expected.Google stated that the rapid advancements in quantum computing hardware and quantum error correction, along with updates to the timeline for quantum computers to break current encryption standards, have heightened the urgency for action. This is the first time Google has set a timeline for the deployment of post-quantum capabilities in its products, ahead of some industry predictions for "Q-Day." Google is developing its quantum chip Willow, which has 105 qubits and is one of the most powerful quantum processors currently available.

Resolv Labs disclosed on platform X that the Resolv team has sent an on-chain message to the attacker's address, proposing to return 90% of the stolen funds (approximately 25 million USD in ETH) in exchange for keeping the remaining 10% as a settlement incentive, with a deadline of 72 hours. If the attacker does not respond within the specified time, Resolv will take escalated measures such as coordinating with centralized exchanges, cross-chain bridges, and infrastructure providers to freeze assets, publicly disclose relevant addresses and transaction traces, collaborate with blockchain analysis companies and law enforcement agencies, and take legal action.Previously, Resolv Labs updated on the security incident, stating that a malicious attacker illegally accessed Resolv's infrastructure through a stolen private key and minted approximately 80 million USD in uncollateralized USR, of which 9 million illegally minted USR have been destroyed.

According to Gate market data, the Euro Stoxx 50 index futures fell by 0.6%, the German DAX index futures fell by 0.4%, and the FTSE 100 index futures fell by 0.2%.

According to Gate market data, the S&P 500 index futures fell by 0.7%, the Nasdaq 100 index futures fell by 0.8%, the Dow Jones index futures fell by 0.6%, and the Russell 2000 index futures fell by 1%.

The perpetual contract DEX edgeX announces that the EDGE airdrop terms page is now live. According to its webpage, the token EDGE airdrop claim period is from March 19, 18:00 to April 1, 7:59 UTC+8.

According to Jinshi News, the Euro Stoxx 50 index futures fell by 1.1%, the German DAX index futures fell by 1.2%, and the UK FTSE 100 index futures fell by 0.2%.

According to Jinshi News, the Euro Stoxx 50 index futures fell by 2.2%, the German DAX index futures fell by 2.4%, and the UK FTSE 100 index futures fell by 0.8%.

According to Gate's market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.74%, the S&P 500 down 0.47%, and the Nasdaq Composite down 0.44%. Popular Chinese concept stocks generally fell, with Bilibili (BILI.O) down over 5%, and both JD.com (JD.O) and Alibaba (BABA.N) down about 3%.