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OKX will officially launch USD-based perpetual contracts (X-Perp) on April 28, 2026, at 15:00, supporting the trading pair XAUUSD UM (X-Perp). This product aims to provide users with a more flexible and efficient derivatives trading experience.

According to CoinGecko data, despite a 26.5% month-on-month decline in trading volume, Solana still holds a 30.6% quarterly market share, making it the leading chain for spot trading. However, Ethereum surpassed Solana in March with a 27% share (compared to Solana's 26%). BSC slightly leads Ethereum with a 24.5% quarterly market share (23.7%) in second place, but its trading volume has declined more significantly and is expected to drop to third place in the second quarter.In addition, Monad, which launched its mainnet in the early bear market of November 2025, has seen its trading volume gradually increase and is now the tenth most active chain in spot trading, surpassing Unichain and Optimism.

Kalshi CEO Tarek Mansour cited a Bloomberg report on X stating that Kalshi has completed its first customized block trade, with Jump Trading providing liquidity support for the transaction. This trade was facilitated by Greenlight Commodities this month, representing an environmentally-focused hedge fund based in Houston that seeks exposure to a contract tracking whether a specific price will be realized in the carbon emissions allowance auction taking place in California in May.Mansour stated that the institutional application of prediction markets could be a $10-15 trillion market, with even greater growth potential depending on how widely they are adopted compared to products currently exclusive to Wall Street.

According to The Block, Patrick Witt, the executive director of the White House Digital Assets Presidential Advisory Committee, previewed at the Bitcoin 2026 conference that a significant announcement regarding Trump's strategic Bitcoin reserve will be made in the coming weeks. Witt stated that since Trump signed the executive order to establish a strategic Bitcoin reserve last year, the team has been researching relevant mechanisms and legal interpretations to ensure that digital assets (especially Bitcoin) on the government's balance sheet are properly protected and consolidated.Meanwhile, lawmakers are pushing to legislate Trump's executive action. The BITCOIN bill reintroduced by Senator Cynthia Lummis and Representative Nick Begich has been renamed the "U.S. Reserve Modernization Act," which includes provisions to acquire 1 million Bitcoins over five years through a "budget-neutral strategy."

According to Jinshi reports, Allianz Chief Economic Advisor Mohamed A. El-Erian stated that the price shocks caused by the Middle East war have pushed market expectations toward an environment of "interest rates remaining at higher levels for a longer period," affecting almost all systemically important central banks, with the sole exception being the Bank of Japan. He pointed out that the current situation, accompanied by negative demand shocks from "second-round effects," poses a potential risk of spreading to financial instability, highlighting the uncertainty of the outlook.

According to Caixin, Kenneth Rogoff, former chief economist of the International Monetary Fund (IMF), warned that the Trump administration's push for financial deregulation, particularly the relaxation of bank capital requirements and regulatory transparency, is significantly increasing the risk of a systemic financial crisis in the United States in the future.Kenneth Rogoff pointed out that one of the important reasons supporting the relaxation of regulations is to allow traditional banks to maintain innovation and market competitiveness in the competition with cryptocurrencies, especially stablecoins pegged to the dollar. If cryptocurrency regulations are relaxed simultaneously, combined with the deregulation of the traditional financial system, it could trigger a "double deregulation" risk, ultimately leading to systemic collapse. Although a comprehensive banking crisis may not erupt in the short term, the risks have clearly increased, and the regulatory balance between stablecoins and the traditional banking system is becoming a key hidden danger.

The newly appointed chief economist of New Fire Group, Fu Peng, stated on Twitter that the underlying business model of Bitcoin perpetual contracts is essentially the same as the "rollover fee/overnight fee" in traditional finance's gold and industrial commodity spot exchanges.Fu Peng pointed out that back in the day, gold exchanges settled through daily forced liquidation, with longs and shorts paying each other rollover fees. When retail investors held a large number of high-leverage long positions, the rollover fee became the most stable and hidden source of income for the platform. Nowadays, Bitcoin spot platforms mainly rely on perpetual contracts, with both sides settling the funding rate every 8 hours. When longs dominate, retail investors holding long positions continuously pay funding rates to shorts.Although the platform does not directly collect this fee, it significantly enhances trading activity, open interest, and liquidity, indirectly generating a large amount of fee income and forming a stable and substantial cash flow. Essentially, it is a business model where large players/institutions "collect rent" from long-term holdings, retail investors pay for leverage to go long, and the platform indirectly takes a cut.

According to token unlocking data from the crypto asset data platform RootData, Somnia (SOMI) will unlock approximately 9.35 million tokens at 0:00 Beijing time on May 2, worth about 1.61 million USD.

According to Cointelegraph, local police in Spain seized two cryptocurrency cold wallets containing approximately 400,000 euros (about 467,000 dollars) in assets during an operation against illegal comic distribution platforms.The operation was carried out by the Almería police in Spain, who have arrested three suspects and dismantled what is known as the country's largest Spanish-language piracy comic website. It is reported that the platform has been providing free pirated content since 2014, primarily profiting through advertisements, with total revenue exceeding 4 million euros over the past decade. Notably, the cold wallets involved were hidden inside a thermometer in the wall. The police have not yet disclosed whether they have obtained the relevant private keys or access to the funds.

According to Jinshi reports, U.S. Treasury Secretary Yellen stated that the dominance of the dollar and its status as a reserve currency have further strengthened.

According to CoinDesk, Strategy co-founder Michael Saylor stated "Winter's over" when Bitcoin was around $78,000. Analyst Mati Greenspan pointed out that the previous "flash crash" was more of a correction in a bull market, and he believes the bottom for Bitcoin has been reached, with the next phase of growth driven by "national-level adoption," including central banks incorporating BTC into reserves alongside gold.The report mentioned that the U.S. government currently holds about 300,000 BTC and is discussing the establishment of a strategic Bitcoin reserve; El Salvador continues to purchase daily, and Bitcoin has also been included in asset allocations by the UK government and some state-level pension funds in the U.S.

Web3 asset data platform RootData released the seventh issue of the "Cryptocurrency Exchange Transparency Ranking (Stock Category)", continuing to focus on the growth trend of stock assets in cryptocurrency exchanges. In this issue, Binance, OKX, Bybit, Bitget, and Gate ranked in the top five.Among them, Bybit's ranking improved by 2 places, re-entering the top three, mainly due to Bybit listing 49 new stock contracts during the statistical period, making it the exchange with the most supported stocks currently. Bitget's ranking dropped by 2 places, with traffic decreasing by over 40%, which may be related to the rapid decline in traffic following the end of the SPAX subscription activity.As the market prices of cryptocurrencies like Bitcoin rise, the trading volume of exchanges generally increased by over 10% in this issue, with Kraken rising by over 20%, boosting its ranking to 6th place. Hotcoin, on the other hand, fell to 10th place due to a decrease in its transparency score.It is reported that RootData adheres to the principle of "transparency first" and has taken the lead in establishing a dual evaluation system of "transparency + liquidity" in the field of stock cryptocurrency exchanges, providing investors with more effective data references, and will continue to enhance and publish this ranking in the future.

Aave founder and CEO Stani Kulechov disclosed that he personally invested 5,000 ETH into DeFi United and stated that he is continuously working with partners to implement more funding commitments, aiming to resolve current issues as soon as possible and restore normal market conditions.Stani mentioned that Aave is his lifelong career, and the team is fully committed to seeking the most beneficial solutions for users.

Greeks.live macro researcher Adam posted on platform X to announce options expiration data: 1. 109,000 BTC options expired, Put Call Ratio was 0.93, maximum pain point at $72,000, notional value of $8.55 billion. 2. 563,000 ETH options expired, Put Call Ratio was 0.72, maximum pain point at $2,200, notional value of $1.32 billion.This week the market continued to rebound, with Bitcoin strongly breaking through $78,000. The Web3 conference in Hong Kong was also filled with a joyful atmosphere of rising prices, and altcoin markets are warming up. This is a monthly expiration, with 25% of options set to expire. In terms of holding period, the distribution of open contracts in the options market shows 12% at the end of May and 24% at the end of June. From the main options data, Bitcoin's main term implied volatility (IV) has continued to decline this month, with most term IVs dropping by 1% to 2%, falling below 40%, while ETH's main term IV has decreased even more, currently around 60%.Despite the price increase, the Skew has retreated, and the market does not exhibit FOMO sentiment. In the second quarter of this year, Bitcoin performed significantly better than in the first quarter in terms of both price and popularity. This month's continued rebound is a sign of capital inflow; if macro pressures bottom out by mid-year, then Bitcoin's bottom will also be confirmed.

The local police in Spain seized two cryptocurrency cold wallets containing approximately 400,000 euros (about 467,000 dollars) in assets during an operation against illegal comic distribution platforms.The operation was carried out by the Almería police in Spain, who have arrested three suspects and dismantled what is known as the country's largest Spanish-language piracy comic website. It is reported that this platform has been providing free pirated content since 2014, primarily profiting through advertisements, with total revenue exceeding 4 million euros over the past decade. Notably, the cold wallets involved were hidden inside a thermometer in the wall. The police have not yet disclosed whether they have obtained the relevant private keys or access to the funds.

Circle Chief Economist Gordon Liao submitted a governance discussion proposal for Aave, suggesting adjustments to the USDC interest rate parameters of the Aave v3 Ethereum core market to address the high utilization and liquidity strain that persisted for several days following the KelpDAO rsETH event.The proposal suggests raising the "Slope 2" to 40% initially, with a target of 50%, while lowering the optimal utilization rate to attract more USDC deposits. Some members of the Aave community believe that higher borrowing costs may exacerbate the liquidation risk for borrowers. Data shows that Aave's current total locked value is approximately $15.3 billion.

The Web3 asset data platform RootData has outlined the cryptocurrency portfolio of Federal Reserve nominee Kevin Warsh, covering multiple areas including blockchain infrastructure, on-chain financial protocols, institutional financial services, and application tools. Structurally, Warsh's layout can be divided into four major sectors:Underlying Infrastructure: Networks and scaling solutions such as Solana, Optimism, and Lightning Network;On-chain Finance: DeFi and trading protocols like Compound, dYdX, and Polymarket;Institutional and Financial Services: Asset management, banking, and funding channels such as Polychain, Scalar Capital, Kinetic, and OnJuno;Applications and Tools: User entry and development tool projects like Dapper Labs, Crossmint, and Tenderly.Overall, Warsh's strategy of layering financial protocols on top of infrastructure and focusing on controlling institutional funding channels shows a clear difference from typical crypto-native VC approaches, aligning more closely with traditional financial background investors' concerns about market structure and institutional levels.It is reported that on April 21, Warsh held a confirmation hearing before the Senate Banking Committee. According to his recent compliance disclosure documents, if he enters the regulatory system in the future (such as leading the Federal Reserve), he will need to dispose of relevant holdings.

The cryptocurrency trading platform HTX released the "USDD In-Depth Research Report," which points out that the decentralized stablecoin USDD has completed a key transformation into an over-collateralized stablecoin, and its overall maturity has entered the same competitive range as DAI. Relying on the advantages of the TRON ecosystem and multi-chain native deployment, USDD is gradually becoming a new generation of decentralized stablecoin infrastructure that combines stability and yield capability.The report provides a comprehensive and in-depth analysis of USDD from multiple dimensions, including core competitive advantages, yield ecosystem panorama, security system, and competitive landscape, and highly affirms its construction of a sustainable yield ecosystem and differentiated advantages.

According to Jinshi reports, a Reuters survey shows that among 103 economists, 71 expect the Federal Reserve to cut interest rates at least once this year.