🏦 Banking associations claim that the Senate's proposal on rewards for $STABLECOINS "does not meet expectations."
theblock.co regulation #stablecoin
theblock.co regulation #stablecoin
🕵️ Polygon Wallet Adds Shielded USDC and USDT Payments
Polygon Labs has launched shielded stablecoin payments in its wallet, supporting USDC and USDT. Users can now choose a "Privately Send" option, which routes transfers through Hinkal’s shielded pool instead of a standard on-chain transfer.
The feature uses zero-knowledge proofs to hide the sender, receiver, and amount from on-chain observers. Each private transaction will undergo KYT screening before execution, and the protocol is non-custodial. #stablecoin
Polygon Labs has launched shielded stablecoin payments in its wallet, supporting USDC and USDT. Users can now choose a "Privately Send" option, which routes transfers through Hinkal’s shielded pool instead of a standard on-chain transfer.
The feature uses zero-knowledge proofs to hide the sender, receiver, and amount from on-chain observers. Each private transaction will undergo KYT screening before execution, and the protocol is non-custodial. #stablecoin
🇺🇸📊 According to SoSoValue data, on May 4 (ET), U.S. Bitcoin spot ETFs recorded a total net inflow of $532 million, marking the third consecutive day of inflows.
U.S. Ethereum spot ETFs saw a total net inflow of $61.29 million.
U.S. Ethereum spot ETFs saw a total net inflow of $61.29 million.
💼 #POL Polygon launches a payment system using private stablecoins aimed at institutional clients. #stablecoin
💰 #AI Haun Ventures raised $1 billion, expanding its focus from cryptocurrencies to AI, Cointelegraph
🙅 $DGB, $HOOK, $SLP, $RDNT, $GAME, $PORTALS, $USDD delisted from Bybit spot
🇦🇺💼 Coinbase Australia Launches Support for Cryptocurrencies for Pension Funds - theblock.co
🤔 CRYPTO EXCHANGE BULLISH STRIKES $4.2 BILLION DEAL FOR TRANSFER AGENT IN TOKENIZATION PUSH: WSJ
Crypto exchange Bullish to buy transfer agent Equiniti for $4.2 billion, including debt.
Bullish transaction for Equiniti expected to close in January pending regulatory approvals.
Equiniti services nearly 3,000 public companies including Berkshire Hathaway and Moody's. #regulation
Crypto exchange Bullish to buy transfer agent Equiniti for $4.2 billion, including debt.
Bullish transaction for Equiniti expected to close in January pending regulatory approvals.
Equiniti services nearly 3,000 public companies including Berkshire Hathaway and Moody's. #regulation
💸 $BTC punched $80K — and bears just paid $300M to learn it.
$BTC tagged $80,594 — first time since January.
$301.93M in shorts liquidated in 24h. Single biggest: an $11.77M $ETH/USDT short on Binance.
This is the second short squeeze in two weeks. The April 18 break of $77K already cost shorts $593M.
The tape isn't asking permission anymore.
$BTC tagged $80,594 — first time since January.
$301.93M in shorts liquidated in 24h. Single biggest: an $11.77M $ETH/USDT short on Binance.
This is the second short squeeze in two weeks. The April 18 break of $77K already cost shorts $593M.
The tape isn't asking permission anymore.
🐳 The whale Loracle.hl has sold 556,729 $HYPE for $22.9M at an average price of $41.16. He only holds 95.8 $HYPE now.
He also holds:
- 708,219 $HYPE ($32.5M) - loss of $1.756M
- 318.74 $BTC ($25.7M) - profit of $727K
- 147,286 $CL ($15.35M) - profit of $51K
- 33,432 $BRENTOIL ($7.16M) - profit of $45K
- 374.66 $PAXG ($1.7M) - loss of $271K
- 13,529,978 $CHIP ($778K) - loss of $221K
He also holds:
- 708,219 $HYPE ($32.5M) - loss of $1.756M
- 318.74 $BTC ($25.7M) - profit of $727K
- 147,286 $CL ($15.35M) - profit of $51K
- 33,432 $BRENTOIL ($7.16M) - profit of $45K
- 374.66 $PAXG ($1.7M) - loss of $271K
- 13,529,978 $CHIP ($778K) - loss of $221K
📊 $ETH funding flipped positive while $183M in outflows turned into inflows overnight.
Spot $ETH ETFs experienced four consecutive days of outflows into April's close, totaling $183.7M from April 27–30. On May 1, the trend reversed with $101.2M in inflows, including $43.2M from BlackRock's ETHA and $49.4M from Fidelity's FETH. Funding is now positive, with a 24-hour CVD also in the positive.
Spot $ETH ETFs experienced four consecutive days of outflows into April's close, totaling $183.7M from April 27–30. On May 1, the trend reversed with $101.2M in inflows, including $43.2M from BlackRock's ETHA and $49.4M from Fidelity's FETH. Funding is now positive, with a 24-hour CVD also in the positive.
🤔 Coinbase Plans to Cut 14% of Workforce
Coinbase co-founder and CEO Brian Armstrong announced that the company will reduce its workforce by approximately 14%. This decision is attributed to market cyclicality and the increasing influence of AI on productivity. Armstrong stated that Coinbase aims to transition to a leaner, AI-native structure with fewer management layers and smaller, more efficient teams.
Coinbase co-founder and CEO Brian Armstrong announced that the company will reduce its workforce by approximately 14%. This decision is attributed to market cyclicality and the increasing influence of AI on productivity. Armstrong stated that Coinbase aims to transition to a leaner, AI-native structure with fewer management layers and smaller, more efficient teams.
🇫🇷💰 Europe’s Early Bitcoin-Treasury Firm Sequans Sells 1,025 BTC
France-listed Sequans Communications (SQNS), which raised $384 million in 2025 to launch a Bitcoin treasury strategy, has sold 1,025 BTC and now holds 1,114 BTC. Company filings show Sequans previously disclosed 2,139 BTC as of end-2025; as of April 30, its remaining 1,114 BTC was valued at about $84.9 million. The filings also indicate 817 BTC is pledged as collateral for the remaining $35.9 million of the company’s convertible notes.
France-listed Sequans Communications (SQNS), which raised $384 million in 2025 to launch a Bitcoin treasury strategy, has sold 1,025 BTC and now holds 1,114 BTC. Company filings show Sequans previously disclosed 2,139 BTC as of end-2025; as of April 30, its remaining 1,114 BTC was valued at about $84.9 million. The filings also indicate 817 BTC is pledged as collateral for the remaining $35.9 million of the company’s convertible notes.
🤝 FalconX And Sygnum Partner To Launch Tokenized Credit Offering For Institutional Clients: The Block