issuance

The People's Bank of China and seven other departments jointly issued the "Management Measures for Online Marketing of Financial Products," which will be implemented starting September 30, 2026, to systematically regulate online marketing activities for financial products. The measures specify that only approved financial institutions and their self-operated platforms, as well as entrusted third-party internet platforms, may engage in online marketing of financial products, prohibiting the provision of online marketing services for illegal financial activities such as illegal fundraising, virtual currency issuance and trading, and illegal foreign exchange margin trading.The measures put forward detailed requirements regarding the authenticity of marketing content, risk disclosure, algorithm recommendations, pop-up advertisements, account naming, trademark usage, cooperation models, and the protection of data and personal information, and clarify the regulatory responsibilities and penalties for financial management departments, internet information, telecommunications, and market supervision departments.

MegaETH announced that the TGE will take place on April 30, and the probability of "MegaETH issuing tokens before April 30" on Polymarket is currently 95%, which may be related to the settlement rules.The market settlement rule states that if MegaETH officially launches the governance token before 11:59 PM Eastern Time on the specified date, the prediction market result will be determined as "yes"; otherwise, it will be determined as "no." Another key rule is "the token must be publicly transferable and tradable; merely issuing a related announcement does not meet the determination criteria," which may cause the probability to not reach 100%. Odaily Seer’s prophet channel continues to monitor the prediction market and sees changes before pricing.

HIVE Digital's wholly-owned subsidiary HIVE Bermuda 2026 Ltd. has completed a private placement of $115 million zero-coupon convertible senior bonds (including an overallotment of $15 million), with the bonds maturing in 2031. The initial conversion price is approximately $2.57 per share, representing a premium of 17.5% over the latest trading price; the company has also completed a cash settlement capped subscription transaction, with a cap price of $4.92 per share, representing a premium of 125%.In addition, HIVE Digital plans to transfer its stock from the TSX Venture Exchange to the Toronto Stock Exchange around 2026, subject to meeting listing requirements.

ChainCatcher reported live that Li Baiwei, Partner at HashKey Tokenisation, John Cahill, Chief Operating Officer of Galaxy Digital Asia, Abdelhamid Bizid, Managing Director of BlackRock, and Min Lin, Managing Director and Head of Global Business Development at Ondo Finance, attended the HK Web3 Feastival roundtable to share insights on "From Wall Street to Blockchain: The Practical Logic and Future Landscape of Global RWA Issuance."The attendees generally agreed that the core value of RWA and asset tokenization is no longer just an innovative narrative at the conceptual level, but a realistic path for upgrading financial market infrastructure. John Cahill stated that blockchain is essentially a superior "underlying pipeline" for financial markets, and in the long run, the ultimate goal of financial markets will be "tokenization of everything"; what truly needs attention is not whether tokenization will happen, but whether market participants have already begun preparing for this endgame.Abdelhamid Bizid pointed out that from the perspective of traditional asset management institutions, the current tokenized products primarily serve clients who do not wish to move funds out of the on-chain ecosystem but want to achieve stable returns and compliant asset allocation tools. BlackRock has seen a clear demand for on-chain yield products and will continue to launch more new products. However, he also emphasized that the real bottleneck in the industry at this stage is not technology, but rather institutional adoption, demand validation, liquidity depth, regulatory clarity, and non-technical barriers such as costs and taxation.Min Lin, drawing from Ondo's practice, stated that the key to tokenized stocks is not just moving U.S. stocks onto the blockchain, but transforming stocks that are originally static in brokerage accounts into programmable financial instruments that can serve as collateral, margin, and lending assets in DeFi, further unlocking capital efficiency. He mentioned that the main demand currently observed by Ondo still comes from retail and crypto-native funds in regions like Asia, Southeast Asia, and Latin America, which find it difficult to directly access the U.S. stock market. This indicates that tokenized stocks at this stage are more like "global asset access tools" rather than mainstream trading venues for institutional funds.

ChainCatcher reported live that Tang Bo, Assistant Dean of the Financial Research Institute at the Hong Kong University of Science and Technology, Fei Si, Partner at King & Wood Mallesons, Diao Zhi Hai, Head of International Wealth Management at China International Capital Corporation, and Gavin Wang, Managing Partner and Chief Investment Officer of SNZ Holding & SNZ Capital, jointly attended the HK Web3 Feastival roundtable discussion, sharing insights on "from asset registration" to "on-chain issuance," bridging the last mile of RWA cross-border compliance.Fei Si pointed out that the so-called "from asset registration to on-chain issuance" essentially establishes a replicable, sustainable, and legally compliant channel for "domestic assets, overseas issuance." He believes that the most critical aspect at this stage is to first establish a solid transaction structure and top-level product design, clarifying whether the product is classified as equity or debt, as this will directly determine the corresponding regulatory authorities, communication methods, and subsequent legal document arrangements.Diao Zhi Hai approached the issue from the practical perspective of traditional financial institutions, stating that the biggest challenge currently is not a single isolated pain point, but how to systematically connect multiple compliance nodes to form a truly implementable closed-loop mechanism. He indicated that RWA cross-border projects involve not only financial regulation but also data cross-border, cybersecurity, foreign exchange management, and other departmental collaborations. Therefore, it is essential to examine whether the underlying assets can be clearly defined and mapped on-chain, who qualifies as the issuer and controlling entity, and whether the non-financial regulatory requirements throughout the process have been incorporated into the plan.Gavin Wang entered the discussion from the investment and market demand perspective, emphasizing that the global trend of asset tokenization is certain, and that high-quality Chinese assets are still significantly undervalued overseas. This means that as long as the cross-border compliance path is opened, market demand genuinely exists. He believes that investment institutions are most concerned with whether the entire project has clear compliance boundaries and marketability: red lines cannot be crossed, and gray areas must be approached with caution. What is truly worth investing in are those asset types with clearer regulatory expectations that investors can more easily understand and accept. In the long term, he is optimistic about two types of Chinese cross-border RWA targets: one type is large, high-quality Chinese assets that are easily understood by overseas investors, and the other type includes high-end manufacturing, robotics, AI, and pharmaceutical pipelines that are still undervalued overseas but possess global competitiveness.

According to BBX data, yesterday the capital operations and hash rate data of mining companies were concentrated, with the following core dynamics:TeraWulf Inc. (NASDAQ: $WULF) announced on April 14 via GlobeNewswire that it has completed the pricing of a $900 million public common stock offering, raised from the initially planned $800 million, issuing 47,400,000 shares at a price of $19.00 per share, with underwriters holding an additional 30-day over-allotment option (up to 7,110,000 shares); this offering is expected to close today (April 16). The funds raised will primarily be used for the construction of the Hawesville AI data center campus in Kentucky and to repay bridge credit facilities.CleanSpark, Inc. (NASDAQ: $CLSK) released its March operational report on April 7 (data as of March 31), reporting the mining of 658 BTC in March, with an average daily output of approximately 21.24 BTC, a peak hash rate of 50.0 EH/s, and an average monthly hash rate of about 47.3 EH/s (an increase of 11% month-over-month); as of the end of March, the company's total BTC holdings were 13,561 BTC, with a cumulative output of 1,799 BTC since the beginning of 2026; the average selling price of BTC in March was approximately $71,396. The company has signed contracts for 1.8 gigawatts of power capacity, and CEO Matt Schultz stated that the company is actively advancing the signing of its first AI/HPC large-scale customer contract.

According to The Block, Bitcoin mining company TeraWulf raised $900 million through a stock issuance, and the funds will be used to build AI data centers. After the news was announced, TeraWulf's stock price fell.

According to Tencent News' "Periscope," the Vice President of the Hong Kong Monetary Authority, Chen Weimin, stated that the timeline for issuing the second batch of licenses has not yet been determined, as it needs to be "based on the operational situation of the first two companies," and the total number of licenses in the future will be very limited.In addition, sources revealed that Chinese institutions that participated in the application submission have received "window guidance" from relevant departments, requesting them to postpone their participation in the stablecoin license application. However, some Chinese institutions have continued to communicate with the Hong Kong Monetary Authority over the past few months. After excluding Chinese institutions, the vast majority of the proposed applicants have limited capabilities, and there are not many qualified institutions that can fully meet the requirements of the "Stablecoin Regulation."Lee Kuan-hong, the head of HSBC Payme, told reporters that any Payme user can open a stablecoin account. In the stablecoin account, users can directly transfer money to friends and family, transfer to merchants, or invest in products linked to stablecoins. Users in the HSBC app cannot directly open an account; they must wait for HSBC to screen eligible users before applying for a stablecoin account.Payme account opening has required users to be local residents of Hong Kong, while users of the HSBC app also include mainland users. Under the existing management framework in Hong Kong, only local residents can participate in virtual asset trading, and mainland customers, even if they are mobile payment users of HSBC Hong Kong, cannot apply for a stablecoin account.

According to official news, Circle has released its vision for the development of the internet financial system in 2026, proposing to focus on building cross-chain interoperability infrastructure, liquidity orchestration capabilities, and an institutional-grade asset issuance system to promote the efficient flow of value in a multi-chain ecosystem.In terms of cross-chain infrastructure, Circle stated that it will launch features such as "Fast Transfer" in the future, achieving second-level settlement without waiting for final confirmation from the source chain, thus improving the efficiency of fund utilization. In the asset expansion layer, the CCTP plans to extend to more assets beyond USDC, including EURC, USYC, and cirBTC, and support the issuance and circulation of real-world assets (RWA) across multiple chains.In addition, Circle is advancing cross-chain process coordination, simplifying multi-chain operational processes through tools such as Bridge Kit, Deposit Kit, Fee Service, and Workflows, achieving "one-click" cross-chain interaction, reducing development complexity, and enhancing user experience.

The Dubai Virtual Assets Regulatory Authority (VARA) released guidelines for the issuance of virtual assets on Thursday, providing clear regulations on the structural design, information disclosure, and distribution methods for stablecoins and real-world asset (RWA) tokens.The guidelines categorize token issuance into three pathways: Category 1 covers fiat-pegged and asset-pegged virtual assets; Category 2 must be distributed through licensed intermediaries, which are responsible for due diligence and ongoing compliance verification; the third category consists of functionally restricted exempt virtual assets.VARA's General Counsel Ruben Bombardi stated that the framework enhances transparency through white papers and independent risk disclosure statements, providing issuers with "greater regulatory certainty" and offering market participants a "single, exclusive reference." These guidelines serve as an interpretative document for the existing "Virtual Asset Issuance Rules Manual" and do not constitute new legislation.

According to CoinDesk, SBI Ripple Asia has completed the development of a token issuance platform based on the XRP Ledger and has registered as a prepaid payment tool issuer in Japan. Corporate users can now issue tokenized payment tools through this platform.

According to on-chain analyst Onchain Lens, in the past 12 hours, Circle has minted 550 million USDC on the Solana network, and in the past 30 days, a total of 10.19 billion USDC has been issued on Solana.

10x Research stated on platform X that ETH has performed poorly over the past five years, with trading prices remaining around the $2000 level reached in the previous cycle. Since November, low on-chain activity has limited ETH demand and value accumulation, leading 10x Research to maintain a cautious stance.After a 57% drop from its peak in 2025, ETH is currently relatively undervalued, while BTC has dropped about 42% during the same period. Despite facing significant market cap losses, such as Bitmine's ETH treasury company retracting about $8 billion, capital accumulation continues. Recently, the issuance of USDT on the Ethereum network has surpassed that of Tron. This has sparked the view that Ethereum may become a major beneficiary of stablecoin growth and could become a Wall Street-driven backbone for on-chain infrastructure finance. 10x Research is reassessing whether ETH is approaching a turning point or if structural resistance still exists.

Clanker announced the launch of the Clanker Ecosystem Fund (CEF). The mission of CEF is to allocate protocol fees to creators and communities that make positive contributions to the Clanker and Farcaster ecosystems.Clanker stated that currently, $8 million has been used to purchase 14% of CLANKER tokens, but it has not yet proven its efficiency in using funds. In the coming weeks, protocol fees will be returned to the ecosystem and used to fund the ongoing construction of Clanker infrastructure.According to RootData, Clanker is an AI-driven "Token Bot" designed for rapid DIY token deployment. Users only need to tag Clanker on Farcaster clients like Warpcast or Supercast, tell it the token concept, and it will launch the token for users on Base. In October 2025, Clanker was acquired by Farcaster.

According to the official page, the total issuance of GUSD on the Gate platform has exceeded 159 million, with an annualized issuance rate currently reported at 3.3%. Meanwhile, the Gate Launchpool EDGEX project is ongoing: the annualized yield for the GUSD pool is currently reported at 18.34%, the annualized yield for the BTC pool is currently reported at 8.69%, and the annualized yield for the ETH pool is currently reported at 11.82%.GUSD is a high-yield asset supported by the income from the Gate ecosystem, government bonds RWA, and stablecoins. The product supports trading and collateral, allowing users to earn daily returns, aiming to provide users with relatively stable returns. In addition, the current reference annualized yields for mainstream cryptocurrencies are: BTC 2.56%, ETH 4.30%, SOL 8.50%, and USDT 3.84%.

According to official disclosure, of the approximately 80 million illegally issued USR in the attack incident, about 46 million (approximately 57%) have been removed from circulation through destruction and blacklisting, and currently, there are no further transferable or redeemable assets in the related addresses.Among them, approximately 9 million USR have been destroyed through two transactions, and another approximately 36 million assets stored in the attack-related addresses in the form of wstUSR have completed blacklisting through contract upgrades.

Strategy submitted an 8-K filing to the SEC, disclosing the addition of Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial as full sales agreement agents on March 23, and simultaneously launching three new ATM issuance programs: Class A common stock (ticker: MSTR) with a maximum issuance size of $21 billion, variable rate perpetual preferred stock STRC with a maximum issuance size of $21 billion, and 8% perpetual preferred stock STRK with a maximum issuance size of $2.1 billion.At the same time, the company increased the authorized shares of STRC preferred stock from 70,435,353 shares to 282,556,565 shares, and decreased the authorized shares of STRK preferred stock from 269,800,000 shares to 40,270,744 shares. The original STRK preferred stock old issuance program was terminated on March 22.

According to market news, the RWA platform Matrixdock has announced the launch of the institutional-grade silver token XAGm, bringing silver, a widely traded precious metal commodity in traditional markets, into on-chain finance.This product is backed by fully physically allocated silver as the underlying asset and introduces silver bar assets that comply with LBMA Good Delivery standards, which are custodied through institutional-grade vaults. XAGm adopts Matrixdock's FRS (Fungible Reserve Standard) issuance framework, establishing a verifiable correspondence between on-chain token supply and underlying asset holdings, and will initially be deployed on the Ethereum network, with plans to expand to more blockchain ecosystems in the future.Eva Meng, head of Matrixdock, stated that there are still relatively few tokenized silver products that meet institutional-grade standards in the market. XAGm will bring fully physically allocated silver assets, custodied by professional vaults, onto the chain and operate within a clear and verifiable framework.This release also marks further expansion of the Matrixdock Reserve Layer system and enriches the on-chain precious metal reserve asset system.

OpenSea CEO Devin Finzer posted, "Latest update on SEA: The team has been pushing forward with development at full speed, with the initial plan to launch the first step during the event on March 30, but the OpenSea Foundation has decided to postpone the timeline. The reality is that the entire crypto market environment is currently quite challenging, and SEA will only be issued once. We can either force the release according to the original plan or ensure that all aspects are fully prepared so that this release lives up to the community's expectations. The following measures will be taken:No new reward waves will be conducted; the current reward wave will be the last round. Refund of platform fees is optional: Given our initial commitment to launch in Q1, we will offer a refund of platform fees (only for the portion we collected) to users participating in reward waves 3--6. If a refund is chosen, the Treasures rewards obtained during the corresponding period will be removed from the account. If a refund is claimed along with the Treasure Chest rewards, it essentially means that the transaction fees during this period will be borne by us. The specific process will be announced later.Existing Treasures remain valid: If users continue to hold Treasures, the foundation's previous commitment remains valid: they will be an important reference at TGE. This is independent of the token distribution from historical events. Starting March 31, OpenSea will reduce platform token trading fees to 0% for 60 days. After 60 days, we will introduce a new fee structure that makes fees more competitive for long-term trading users. Last year, we announced plans too early, leading to unnecessary uncertainty in the market. Therefore, when the foundation announces a new timeline, it will be clearer and more cautious."