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Multi-agency oversight by CBK, CMA, and Treasury aims to strengthen supervision and enforcement.
Kenya has moved a step closer to regulating virtual assets after concluding public participation on the 2026 VASP Regulations, according to Kenya National Treasury. The process follows the 2025 VASP Act and outlines licensing, compliance, and oversight measures. Authorities now shift to reviewing submissions before finalizing rules aimed at managing crypto activity and protecting users.
Framework Sets Licensing and Compliance Rules
The draft regulations establish a legal structure for virtual asset businesses operating in Kenya. These include cryptocurrencies, tokenized assets, and stablecoins. According to the Kenya National Treasury, the framework introduces licensing requirements and strict operational standards.
Notably, firms must meet capital thresholds and ownership suitability checks. They must also implement governance systems and risk management controls. In addition, anti-money laundering and counter-terrorism financing measures form a core requirement.
This structure connects directly to broader oversight. Regulators aim to ensure consistent supervision across all licensed entities operating within or from Kenya.
Consumer Protection and Market Integrity Measures
Beyond licensing, the draft outlines specific consumer protection rules. Service providers must disclose risks clearly and maintain transparent pricing models. They must also establish complaint handling systems.
However, asset protection remains a central focus. Firms must separate customer funds from operational accounts. This reduces misuse risks and improves accountability.
Meanwhile, the framework enforces market conduct rules. Authorities require due diligence before listing assets and continuous monitoring of trading activity. Manipulation, insider trading, and false trading face strict prohibition.
Coordinated Oversight and Next Steps
To support enforcement, Kenya adopts a multi-agency approach. The Central Bank of Kenya, Capital Markets Authority, and the Treasury will oversee implementation jointly. This coordination aims to strengthen supervision and regulatory consistency.
Moreover, the draft introduces ongoing reporting and cybersecurity requirements. Firms must conduct audits and maintain insurance coverage. These measures address operational risks and system resilience.
Following the consultation phase, authorities will consolidate stakeholder feedback. The review process will determine final provisions before the regulations take effect.
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Experts Flag XRP’s Lower Quantum Exposure Over Bitcoin
XRP shows minimal quantum exposure, with only 0.03% of supply in wallets with revealed public keys.
Bitcoin faces higher risk, with up to 37% of supply potentially exposed due to address reuse and structure.
XRP’s key rotation and account design enhance security, though quantum threats remain theoretical today.
Experts point to XRP’s lower exposure to quantum threat compared to Bitcoin. According to XRPL validator Vet, XRP shows minimal vulnerability due to wallet behavior and design. The findings come amid rising concerns following Google’s recent quantum-focused research.
XRP’s Exposure Remains Limited
According to Vet, only about 21 million XRP sits in wallets with exposed public keys. This equals roughly 0.03% of the total circulating supply. Notably, these funds belong to two long-dormant whale accounts.
However, most XRP wallets have never revealed their public keys through transactions. Around 300,000 accounts holding 2.4 billion XRP remain unexposed. As a result, these accounts stay “quantum-safe by default,” according to the analysis.
This difference links directly to how XRP handles accounts. Unlike Bitcoin, XRP does not require public key exposure before spending. Consequently, fewer wallets face potential future risks.
Bitcoin Faces Broader Exposure Concerns
In contrast, Bitcoin’s structure exposes more public keys during transactions. Early P2PK outputs and reused addresses contribute to this issue. Estimates suggest between 11% and 37% of Bitcoin’s supply could be vulnerable.
This includes coins from early network activity that cannot rotate keys. As a result, these holdings remain exposed if quantum capabilities advance. However, no current quantum systems pose a real threat today.
Still, the comparison highlights structural differences. XRP allows key rotation without moving funds, while Bitcoin lacks this native feature. This distinction shapes the current risk assessment.
Built-In Tools Offer Additional Protection
Beyond exposure levels, XRP includes additional security mechanisms. Key rotation allows users to update credentials without transferring assets. Meanwhile, escrow and time-lock features can restrict access conditions.
These tools provide flexibility in managing potential risks. According to Vet, users can strengthen security without complex steps. This becomes relevant as discussions around post-quantum solutions continue.However, experts stress that current risks remain theoretical. Vet noted that no known quantum computer can break blockchain cryptography today. As a result, both networks continue operating without immediate threat concerns.
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Senator Cynthia Lummis Pushes Urgent Vote On CLARITY Act As Deadline Looms
Cynthia Lummis warns CLARITY Act could face delays until 2030 without urgent Senate action before key deadline.
Lawmakers face tight timeline, with limited Senate floor time and competing proposals slowing progress.
Stablecoin yield debate remains central, with banks raising concerns over deposits and consumer costs.
U.S. Senator Cynthia Lummis warned that Congress may not pass the CLARITY Act until at least 2030 without immediate Senate action. Her statement comes as lawmakers approach a key April 13–20 committee deadline. The bill, which already passed the House, now faces a tight timeline as legislative pressure builds in Washington.
Senate Timeline Tightens Amid Key Deadline
Cynthia Lummis urged lawmakers to move quickly as the Senate Banking Committee prepares for markup. She stated that failure to act now could delay progress for several years. According to her, the current window represents the last viable chance before the next political cycle.
Following committee review, the bill must clear reconciliation and a full Senate vote. It will also require alignment between chambers before reaching President Donald Trump. However, limited Senate floor time adds pressure as the timeline narrows.
Lawmakers Push as Delays Raise Concerns
Treasury Secretary Scott Bessent also called for swift action on the legislation. He said Senate floor time remains scarce and emphasized the need to move forward. His comments follow growing concern about delays ahead of the Memorial Day recess starting May 21.
At the same time, internal discussions continue among lawmakers. Some Republican senators are weighing broader financial frameworks, which complicates negotiations. These overlapping proposals have slowed progress on the CLARITY Act.
Stablecoin Debate Remains Central Issue
A key disagreement centers on stablecoin yield provisions within the bill. The proposal restricts passive yield while allowing activity-based rewards. This has drawn attention from banking groups concerned about deposit outflows.
However, the White House Council of Economic Advisers provided new data on the issue. The report estimated only a 0.02% increase in lending if yield is restricted. It also projected about $800 million in annual costs to consumers.
Faryar Shirzad, Chief Policy Officer at Coinbase, said stablecoin yield could expand financial services. Meanwhile, the bill’s outcome now depends on how lawmakers resolve these disputes within the limited timeframe.
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Bitwise Updates Hyperliquid ETF Filing With New Details
Bitwise adds FalconX, Flowdesk, Nonco, and Wintermute as counterparties, finalizing key ETF structure details.
ETF will include staking with a 0.67% fee, offering yield alongside HYPE price exposure for investors.
Filing signals nearing launch as competition grows from 21Shares and Grayscale in crypto ETF market.
Bitwise filed a second amendment on April 10 for its proposed spot Hyperliquid ETF, adding counterparties and finalizing key details. The update names FalconX, Flowdesk, Nonco, and Wintermute as trading partners. The filing advances the product toward a potential U.S. launch, as competition intensifies among issuers seeking approval.
Filing Adds Counterparties and Pricing Structure
The latest amendment expands the list of approved trading counterparties. FalconX, Flowdesk, Nonco, and Wintermute now support trading operations tied to the fund. Previously listed entities included A1, Nonco, and Solios, with Solios now identified as part of FalconX.
Anchorage Digital Bank remains custodian of the trust’s HYPE holdings. Meanwhile, CF Benchmarks will provide the daily pricing reference rate at 4 p.m. ET. These updates complete core operational components required before launch.
Structure Includes Staking and Fee Model
Bitwise confirmed the ETF will trade under the ticker BHYP with a 0.67% management fee. The trust plans to stake most of its HYPE holdings while keeping a 30% liquidity reserve. Staking rewards will carry a 15% fee shared between Bitwise and service providers.
Attestant, a Bitwise affiliate, may act as a staking operator. This structure introduces yield generation alongside price exposure. However, it also adds complexity compared to standard spot crypto ETFs.
Competition Builds as Launch Nears
According to Bloomberg analyst Eric Balchunas, the inclusion of final details often indicates an imminent launch. He noted that Hyperliquid’s HYPE token has gained about 200% over the past year. This growth aligns with increased activity on its on-chain perpetuals platform.Bitwise was the first firm to file for a spot Hyperliquid ETF in September. Since then, 21Shares and Grayscale have submitted competing proposals. Additionally, Bitwise Europe listed a related product on Deutsche Börse Xetra on April 9.
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Understanding Replay Attacks and How Wallets Prevent Them
Security of transactions is more crucial than ever in the rapid growing niche industry of crypto. Due to the increased use of blockchain, the number of ways that hackers can find to exploit the weaknesses increases. The replay attack is one of the severe and not well-understood dangers.
What Is a Replay Attack?
A replay attack occurs when an attacker relays a legitimate transaction in order to deceive the system. The attacker does not modify the signature but utilizes it elsewhere. This may result in the repetition of the same transaction, which poses a threat to the user.
Since the signature remains the same, it is possible that the blockchain would accept the redundant message. In cases where blockchains or apps are not verified, the attacker exploits the replay. This may be particularly unsafe in forks or between such blockchain chains.
When Do Replay Attacks Happen?
Replay attacks can frequently occur when a blockchain is split or when two chains are of the same format. A signed transaction can be used in both chains without sufficient protection. It means that the money can be sent on the chain and at the same time on another one.
The absence of clear boundaries between blockchains in systems provides an opportunity for hackers. They also aim at applications that have weak message validation. In both instances, the attacker seeks to make money by repeating activities that appear valid.
One such example was the case of Ethereum and Ethereum classic in 2016. Attackers repeated transactions over both networks since they had no initial protection. Consequently, users unwillingly wasted money on making transactions twice.
How Wallets Prevent Replay Attacks
Crypto wallets have strong security tools that are implemented before any replay attack. One of them is a chain ID associated with each signed message. This ensures that the signature can only pass over one blockchain and fail on the other blockchains.
The other important tool is referred to as the nonce, and is a number that is incremented in every transaction. The wallet rejects the transaction in case the nonce is reused. This will make sure that the hackers will not recur the same message or payment.
Time limits are also used in some wallets to receive a payment. As an illustration, a message can last as long as five minutes. The signature is then rendered useless, and the replay is then not possible.
Smart Contract and App Level Defenses
Although wallets are functional, smart contracts and apps should also secure themselves. Most contracts have a nonce/user, the nonce counter to prevent duplication of actions. This permits the contract to repudiate any signature which it has witnessed.
Applications that aid off-chain-signing are likely to follow the EIP-712 standard. This format includes chain ID, name of the app and contract. Using this standard, apps link each message to the purpose it is intended and avoids replays.
According to QuillAudits, a blockchain security company, apps are not supposed to omit domain separation in off-chain approvals. The absence of the right context will enable attackers to abuse the interoperability. This indicates why audits would be important in securing Web3 systems.
Key Components
Replay protection relies on distinct and explicit tools in order to ensure the correct context. These tools are chain IDs, account nonces, and time to expiry. The combination of them gives attackers a difficult time trying a replay.
The most significant elements are:
Chain ID - The transaction is valid in a single blockchain and rejected by other blockchains.
Nonce - This is a number that is used to ensure that a signed message is not used many times.
Timestamp or Time Limits - This will add a time window in which a replayed message will be denied after time elapses.
Domain Separator - Tether off-chain messages to a particular app, contract, and chain via the EIP-712 standards.
Smart Contract Nonce Tracking - allows apps and contracts to block used or duplicated messages on the contract level.
A combination of these tools prevents the majority of the replay threats. All these techniques are employed by wallets, applications, and protocols in order to protect against message duplication. The outcome is a safer experience among the developers and users.
Why Replay Protection Matters for Users
Replay protection is what makes the users confident when utilizing wallets, bridges and exchanges. In its absence, users are not aware that they have lost money. Systems become more secure and reliable by refusing to make repeated or abused transactions.
Chain name-ID-prompt wallets allow users to avoid errors. When the users are made to have a clear understanding of where their transaction is headed to, they are able to take charge. This also minimizes the confusion during the transition between chains or apps.
Replay protection is also used to make safe withdrawals and deposits by exchanges and custodians. They tend to develop personalized tools which permit only transactions on the appropriate network. This ensures the security of customers and stability of operations in case of forks or upgrades.
Conclusion
Replay attacks are a threat to the security of blockchain by taking advantage of reused signatures in one or more chains or systems. However using chain ID, nonces, and time constraints, wallets contribute significantly towards preventing them. Apps and smart contracts should also contribute to this and monitor their use and signature.
Systems should collaborate and know about each other, as this is the only way they can be the best protection. Users minimize replay risk through application of trusted wallets, verified dApps, and audited smart contracts. The blockchain space is expanding, and the effort to ensure its safety has to be increased.
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Hong Kong Issues First Stablecoin Licenses To Banks
HKMA approved HSBC and Anchorpoint as first stablecoin issuers, selecting firms with strong financial and risk expertise.
New ordinance sets strict rules on reserves, transparency, and redemption, allowing only licensed stablecoin issuance.
Licenses enable HKD-pegged stablecoins and cross-border payments, with rollout expected in the coming months.
Hong Kong’s regulator issued its first stablecoin licenses on April 10, approving HSBC and Anchorpoint Financial after reviewing 36 applications. The Hong Kong Monetary Authority granted the licenses under the Stablecoins Ordinance to enable Hong Kong dollar-pegged issuance. The move allows cross-border payments as authorities push for a regulated framework linking traditional finance with digital assets.
Banks Selected for Financial and Risk Expertise
The Hongkong and Shanghai Banking Corporation and Anchorpoint Financial received the initial approvals. Anchorpoint operates as a consortium led by Standard Chartered, alongside Animoca Brands and Hong Kong Telecommunications. According to the HKMA, both applicants demonstrated strong financial and risk management experience.
Darryl Chan, Deputy Chief Executive of the HKMA, said the firms align with stablecoin objectives. He noted their background supports bridging traditional and digital finance systems. Notably, both institutions already issue Hong Kong dollar banknotes, a role dating back decades.
Ordinance Sets Rules for Issuance and Operations
The approvals follow the Stablecoins Ordinance, which took effect in August 2025. The framework defines requirements for reserves, transparency, redemption rights, and risk controls. Under these rules, only licensed entities can issue stablecoins within Hong Kong.
According to the HKMA, the licenses took immediate effect upon approval. However, both firms plan to complete operational preparations before launch. The South China Morning Post reported that services could begin within the next few months.
Focus Shifts to Payments and Rollout Plans
The licenses allow issuance of stablecoins pegged to the Hong Kong dollar. They also permit cross-border payment activities tied to digital assets. According to business plans, both entities aim to deploy payment-focused use cases first.
Eddie Yue, Chief Executive of the HKMA, described the development as a key milestone. He said the initiative targets inefficiencies in financial and economic activities. Meanwhile, the regulator indicated that additional licenses may follow under the same framework.
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Circle Expands Crosschain Stack For Faster Settlement
Circle introduces fast transfers and Gateway to enable near-instant USDC settlement and unified liquidity across chains.
Interoperability expands beyond USDC to assets like EURC and cirBTC, improving crosschain access and liquidity routing.
New tools simplify workflows, reducing complexity and enabling efficient multi-step crosschain transactions for users.
Circle outlined a new interoperability roadmap aimed at improving how value moves across blockchains. The company detailed efforts to standardize settlement, expand asset support, and simplify crosschain execution. According to Circle, the initiative builds on existing infrastructure as multichain activity grows and demand for consistent processes increases.
Settlement Speed and Liquidity
Circle said settlement speed still varies widely across blockchains, creating operational challenges. To address this, the company introduced faster-than-finality capabilities through CCTP Fast Transfer. This allows crosschain USDC transfers to settle in seconds without waiting for full source chain confirmation.
Additionally, Circle Gateway provides a unified USDC balance across multiple chains. The system enables access to liquidity in under 500 milliseconds across 12 supported networks. According to Circle, Gateway processes around $400 million in monthly volume.
Gateway also supports batched settlement and nanopayments at very small amounts. This enables high-frequency transactions and reduces the need for manual fund rebalancing. As a result, businesses can access capital more efficiently across ecosystems.
Expansion Beyond USDC
Beyond settlement improvements, Circle plans to extend interoperability to additional assets. The company said CCTP will support assets such as EURC, USYC, and cirBTC. This expansion also allows external issuers to adopt similar crosschain distribution models.
According to Circle, asset issuers require infrastructure that supports liquidity and broader market access. Arc, a Layer-1 blockchain, will serve as a coordination layer for issuance and liquidity routing. It offers sub-second settlement and predictable fees using stablecoins.
Through this setup, issuers can manage assets across more than 20 chains from a single origin point. Liquidity can move quickly to areas with demand, improving overall asset usability.
Simpler Workflows Reshape Crosschain Execution
Circle also addressed complexity in crosschain workflows, which often require multiple steps and systems. The company introduced orchestration tools to streamline these processes. These include forwarding services, Bridge Kit, and upcoming Deposit Kit solutions.Additionally, Circle Fee Service provides unified fee estimates for crosschain transfers. Circle Workflows coordinates multi-step operations into a single execution process. According to Circle, these tools reduce operational overhead and improve reliability for developers and users.
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CFTC launched an Innovation Task Force to develop regulatory frameworks for crypto, AI, and prediction markets oversight.
The group combines agency staff and industry experts to define rules and address jurisdiction issues in emerging sectors.
Initiative signals groundwork for future regulation as policymakers push clarity while CLARITY Act debate continues.
The Commodity Futures Trading Commission announced members of its Innovation Task Force as it builds a regulatory framework for emerging technologies. The group, led by Michael J. Passalacqua, will focus on crypto, blockchain, artificial intelligence, and prediction markets. The move comes as U.S. policymakers push for clearer rules while legislative efforts, including the CLARITY Act, remain under debate.
Task Force Structure and Leadership
The Innovation Task Force draws staff from multiple CFTC divisions alongside private sector experts. Michael J. Passalacqua, a senior advisor to Chairman Michael S. Selig, leads the group. According to the agency, the team combines regulatory experience with industry knowledge.
Initial members include Hank Balaban, Sam Canavos, Mark Fajfar, Eugene Gonzalez IV, and Dina Moussa. These individuals bring backgrounds in crypto law, advisory, and market oversight. Chairman Michael S. Selig said the group aims to establish clear rules for innovators.
Focus Areas Include Crypto and AI Systems
The task force will concentrate on three key sectors identified by the CFTC. These include digital assets and blockchain technologies, artificial intelligence and autonomous systems, and prediction markets. Notably, event-based contracts remain a key focus amid ongoing regulatory disputes.
According to the CFTC, prediction markets have raised jurisdictional questions involving state regulators and platform operators. Therefore, the agency seeks to define oversight boundaries. At the same time, the inclusion of AI reflects growing use of automated systems in financial markets.
Regulatory Groundwork Expands
The announcement does not introduce new regulations but signals internal preparation for future rulemaking. According to recent developments, U.S. officials have urged Congress to advance the CLARITY Act. Meanwhile, agencies continue building frameworks to address evolving market structures.
The CFTC also launched an innovation tracker outlining its ongoing initiatives. This includes efforts to support regulatory clarity and market integrity. Additionally, the agency’s work aligns with broader coordination alongside the Securities and Exchange Commission.
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Aave Labs Secures SOC 2 Type II Across Key Controls
Aave Labs earned SOC 2 Type II, confirming consistent security, availability, and confidentiality controls over time.
Audit reviewed development and operations, validating reliable workflows for building, testing, and maintaining systems.
Certification supports institutional DeFi growth, strengthening governance, risk management, and system oversight.
Aave Labs has achieved SOC 2 Type II attestation, confirming its systems meet strict standards for security, availability, and confidentiality. The audit, conducted over a defined period, evaluated internal controls tied to software development and operations. As a contributor to the Aave Protocol, the firm aligned its processes with enterprise-grade requirements.
Audit Confirms Operational and Development Standards
According to Aave Labs, the SOC 2 framework assesses how organizations manage sensitive information and system performance. The Type II attestation goes beyond a single review and measures control effectiveness over time. This approach verifies that systems operate consistently under defined policies and safeguards.
The audit covered Aave Labs’ development practices and operational workflows. It reviewed how the company builds, tests, and maintains software systems. Notably, the findings confirmed that these processes meet established standards for reliability and control.
Focus expands beyond technical performance
As the onchain sector evolves, expectations around operational discipline continue to rise. According to Aave Labs, stakeholders now require clear controls and dependable system performance. This shift places greater focus on governance, risk management, and information handling.
The attestation aligns with Aave’s broader push toward institutional-grade use cases. These include initiatives such as Aave Horizon and updates to governance structures. Additionally, the protocol continues refining its approach to market design and risk controls.
Ongoing Standards
Maintaining SOC 2 Type II status requires continuous monitoring and testing of internal systems. Aave Labs stated that it integrates these requirements into daily operations. This ensures that controls remain effective as systems grow.
The company also confirmed that these standards apply across its product suite. This includes Aave Pro, Aave Kit, and the Aave App. According to Aave Labs, consistent control frameworks support ongoing software delivery and operational oversight.
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TD Cowen Sees Bitcoin At $140K, Starts PBTC Coverage
TD Cowen starts coverage on Bitcoin treasury firms, defining a new equity class with models tied to per-share BTC holdings.
The bank forecasts Bitcoin reaching $140K by 2026, signaling strong long-term outlook despite ongoing policy uncertainty.
Buy ratings issued across firms as targets reflect growth potential, while Strategy outlook was revised lower amid policy shifts.
TD Cowen launched equity research coverage on Bitcoin treasury companies while projecting Bitcoin to reach $140,000 by late 2026. The investment bank, led by analyst Lance Vitanza, issued buy ratings on several firms. The move introduces formal valuation models for companies holding Bitcoin on balance sheets, marking a structured step into the sector.
New Coverage Defines Bitcoin Treasury Category
TD Cowen categorized public Bitcoin treasury companies as a distinct equity class. These firms accumulate Bitcoin and aim to grow holdings on a per-share basis. According to the bank, this model differs from both spot Bitcoin ETFs and traditional technology stocks.
The firm published proprietary valuation models and key performance indicators tied to Bitcoin holdings. This is one of the first structured research efforts by a major bank in this segment. The coverage also extends to one Ethereum-focused digital asset treasury.
Buy Ratings Issued Across Covered Firms
Among the firms, Nakamoto Holdings received a buy rating with a $1.00 price target. The stock closed at $0.21 on April 8, according to the report. TD Cowen projected $394 million in Bitcoin gains for fiscal year 2027 using a 2x multiple.
Nakamoto’s structure includes stakes in firms like Metaplanet in Japan and Treasury BV in the Netherlands. It also operates across media, Bitcoin advocacy, and digital asset management. Additionally, SharpLink Gaming and Strive received buy ratings with targets of $16 and $26.
Policy Cycle and Revised Projections
Alongside new coverage, TD Cowen adjusted its outlook on Strategy. The firm lowered its price target to $350 from $440. It also reduced its 2026 Bitcoin gains forecast to $7.87 billion from $10.17 billion.According to TD Cowen, the current policy cycle influences digital asset adoption. The firm previously pointed to a pro-crypto environment driven by regulatory alignment. However, it expects reforms to rely on agency actions rather than broad legislation.
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CLARITY Act: White House Stablecoin Analysis Flags $800M Cost Impact
Stablecoin yield limits raise bank lending by just 0.02%, showing minimal impact on credit expansion during policy review.
Consumers may bear about $800M yearly costs as restrictions on stablecoin rewards shift value away from users.
Stablecoins enable instant payments and recycle funds into banks via reserves, keeping overall deposits stable.
The White House weighed in on stablecoins on April 8, as the Council of Economic Advisers released new analysis. The report examines how stablecoin adoption affects bank lending during ongoing U.S. Senate debate on the CLARITY Act. According to Grayscale, the findings highlight minimal lending impact and rising consumer costs tied to yield restrictions.
CEA Outlines Impact on Lending and Costs
According to the Council of Economic Advisers, limiting stablecoin rewards shows little effect on bank lending. The analysis estimates only a 0.02% increase in lending activity under such restrictions. However, it also projects roughly $800 million in annual costs passed to consumers.
Grayscale cited these figures while framing the policy discussion. The data arrives as lawmakers review whether third parties can offer yield-like incentives on stablecoins. Notably, this issue remains central to the CLARITY Act debate in the Senate.
Stablecoins’ Role in Payments and Reserves
The report also details how stablecoins function within financial systems. According to the CEA, they enable instant, round-the-clock settlement across global networks. This structure allows transactions to bypass delays tied to traditional payment systems.
Additionally, the analysis describes stablecoins as effective stores of value backed by reserves. Under GENIUS Act compliance, issuers must hold assets like Treasury bills. As a result, funds used to purchase stablecoins often cycle back into the banking system.
Policy Debate Expands With Broader Implications
As the debate continues, Treasury Secretary Scott Bessent urged lawmakers to pass the CLARITY Act. In a Wall Street Journal op-ed, he pointed to tokenized assets and decentralized finance growth. He warned that unclear rules could shift innovation toward offshore markets.
Meanwhile, the CEA noted that stablecoin adoption does not reduce overall banking system deposits. Instead, reserve investments redirect funds within the same system. According to Grayscale, the analysis underscores how policy choices may shape stablecoin usage without significantly altering credit growth.
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How Mimblewimble Transforms Privacy in Blockchain Technology
With the rise in the use of blockchain, privacy and data sharing concerns regarding blockchain participants are also on the increase. It is possible to add that the transparency inherent to the majority of blockchains is not fully secret to members. Mimblewimble offers a more advanced approach to the issues concerning privacy.
Unlinkable Transactions and Enhanced Anonymity
Blockchains that are publicly accessible such as Bitcoin archive long term information that can be utilized to track the history of transactions. With time, analysts will be in a position to identify patterns and associate them with the actual identities of the world. Mimblewimble disrupts this chain by eliminating persistent addresses and reducing the amount of metadata on transactions.
It has a cut through mechanism that eliminates redundant block inputs and outputs. This renders the question of the source of funds or its destination impossible. Every transaction is part of a larger dataset of anonymous data that safeguards user privacy.
These characteristics render Mimblewimble the favorite of those users who place importance on financial privacy. No address is preserved on record, and it provides the users with increased safeguarding against tracking and surveillance. Privacy is inherent in the protocol and not just a layer of privacy.
Equal Tokens Through Fungibility
The term fungibility implies that tokens are identical in value irrespective of their past. In other chains, the token associated with suspicious activity is usually discarded. This brings imbalance to the system and disadvantages innocent users.
Mimblewimble helps to avoid such an issue by making its coins historically invisible. Having no background, all tokens are good and clean. This gives users the same experience regardless of their exchange and wallets.
According to a privacy researcher, Mimblewimble does not discriminate with coins and provides an equal opportunity to every user of the blockchain economy. This fairness generates trust and secures user rights in decentralized finance.
Scalability and Efficiency Benefits
Mimblewimble maintains privacy as well as making sure data within the blockchain is minimalized. This is through squeezing the transactions and hence the size required per block is minimized. This is so that resources that must run and operate nodes on the network are reduced to the minimum.
Compared to the limited bandwidth and storage, new nodes can quickly connect to the network. This renders the inclusion of blockchain to simple hardware. As time goes by, this enhances decentralization and maintains systems at an efficient scale with increasing usage.
It has a small structure, which helps to validate faster and maintain complete network security. The advantages will become even more crucial as blockchain networks continue to increase. Mimblewimble makes itself both closed and practical to use on the scale.
Limitations and Trade Offs
In spite of its advantages, Mimblewimble has certain technical flaws. It has privacy features and mechanisms that reduce the throughput of transactions, slowing down the overall throughput. This renders it less applicable in the high-frequency applications.
It also lacks inbuilt quantum computing threat resistance. Although this risk is still hypothetical, it influences confidence in the long term. The majority of blockchains, such as Mimblewimble, are based on cryptography that can eventually be compromised by quantum machines.
The other obstacle is the fact that it has been hard to connect Mimblewimble to the currently available smart contract systems. Its design does not provide the flexibility in some applications. Nonetheless, it is also a sidechain that is being employed by numerous developers to achieve privacy, but without abandoning their original networks.
Conclusion
Mimblewimble is a bit of innovation and simplicity that transforms the privacy of blockchain. It eliminates exposure to identity, increases transaction privacy, and provides even tokens to the system. Mimblewimble is a strong basis towards a more privacy-protective and scalable future of blockchain technology as the privacy demands increase.
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Cardano Holds $0.24 Support as $0.27 Breakout Comes Into View
Key Insights:
Cardano trades near $0.25 with neutral RSI, signaling balanced momentum as traders monitor key support at $0.24 for short-term direction confirmation.
Strong support at $0.24 and resistance near $0.27 define the current range, with Bollinger Bands indicating a potential breakout as volatility remains compressed.
A move above $0.26 could trigger bullish momentum toward $0.27, while failure at support risks a decline toward $0.23 support levels.
Cardano trades around $0.25 as price action stabilizes near a key support zone. The asset recently pulled back but continues to hover above $0.24, a level that traders now treat as critical in the short term.
However, price remains capped below key resistance, which keeps momentum restrained. Besides, the broader structure still reflects caution as buyers wait for confirmation.
Indicators Show Neutral Momentum
Technical indicators present a balanced outlook with no strong directional bias. The Relative Strength Index stands at 46.83, which signals neutral conditions and leaves room for movement on either side.
Moreover, the MACD histogram shows stalled bearish pressure, suggesting sellers have lost control. Consequently, traders now watch for early signs of bullish momentum building.
Moving Averages Highlight Weak Trend
Cardano currently trades near its short-term moving averages, including the 7-day and 20-day levels. This alignment signals indecision and places the market at a key turning point.
However, the price still sits well below the 200-day moving average near $0.43. Hence, the broader trend continues to lean bearish despite short-term stability.
Bollinger Bands Define Range
Bollinger Bands indicate a tight trading range, with the upper band near $0.27 and the lower band around $0.23. The current price sits close to the middle band, which acts as a pivot zone.
Additionally, this setup reflects low volatility, which often precedes a breakout. Traders now focus on which side of the range breaks first.
The $0.24 level stands out as a strong support area due to multiple technical confluences. This zone has absorbed selling pressure and continues to attract buyers.
Significantly, a sustained hold above this level keeps the short-term bullish scenario intact. A breakdown, however, could quickly shift sentiment.
Resistance Levels Come Into Focus
On the upside, immediate resistance appears at $0.26, followed by a stronger barrier at $0.27. A move above these levels would confirm renewed buying interest.
Moreover, a breakout toward $0.27 would align with the upper Bollinger Band. This level now acts as the main target for short-term traders.
If support holds, Cardano could advance toward the $0.26 to $0.27 range in the coming sessions. This move would represent a steady recovery rather than a sharp rally.
Additionally, rising volume would strengthen this outlook and confirm buyer commitment. Momentum indicators would also need to shift upward for continuation.
Bearish Risk Remains Present
Failure to defend the $0.24 level could open the path toward $0.23. Such a move would reinforce the broader downtrend and weaken short-term sentiment.
However, low volatility suggests any decline may remain controlled unless selling pressure increases sharply.
The post Cardano Holds $0.24 Support as $0.27 Breakout Comes Into View appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Dogecoin Holds $0.09 Support as $0.10 Breakout Nears
Key Insights
Dogecoin trades near $0.09 as consolidation tightens, with $0.10 acting as the decisive resistance level that could define the next market direction.
Neutral RSI and weak MACD momentum reflect uncertainty, while price remains below key averages, signaling cautious sentiment despite stable support near $0.09.
A breakout above $0.10 may trigger upside toward $0.115, while failure to hold support risks extending declines toward lower short-term price targets.
Dogecoin traded around $0.09 as price action stayed locked within a narrow range between $0.09 and $0.10 during recent sessions. The consolidation followed a period of weak momentum, with traders focusing on whether the price can challenge resistance. Besides, market activity reflected cautious positioning as volume remained moderate.
The $0.10 level continues to act as a firm ceiling that shapes near-term direction for Dogecoin. Analysts tracking recent data note that a move above this level could trigger a shift in sentiment and attract fresh buying interest. However, failure to break higher keeps the asset within a controlled range, limiting upward expansion.
Indicators Show Mixed Signals
Technical indicators present a balanced yet slightly negative outlook for the token in the short term. The relative strength index stands at 46.53, indicating neutral conditions with room for movement in either direction. Moreover, the MACD remains in negative territory, signaling mild downward pressure despite limited volatility.
Dogecoin continues to trade closer to its lower Bollinger Band, reflecting weaker positioning below the average trend line. Consequently, this placement reinforces a cautious tone in the market as buyers have yet to regain control. Additionally, the clustering of short-term moving averages around $0.09 provides a support base that holds current levels steady.
Support Cluster Limits Downside
The alignment of key moving averages near $0.09 creates a strong technical floor that has contained recent declines. Hence, this support zone plays a central role in maintaining price stability during uncertain conditions. However, the wider trend remains under pressure, with long-term averages still positioned well above current prices.
A sustained move above $0.10 could open the path toward higher levels near $0.115 if buying pressure increases. Significantly, such a move would require stronger volume and improving momentum indicators to confirm the shift. Besides, a successful retest of this level as support would strengthen confidence in a broader recovery.
Downside Risks Remain Present
If Dogecoin fails to hold above $0.09, downside targets could extend toward $0.085 as selling pressure builds. Moreover, a drop in momentum indicators would likely accelerate declines within the current structure. Consequently, traders continue to watch this range closely as compressed volatility suggests a larger move may follow.
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DOGE Struggles Below $0.10 as Bears Hold Channel Control
Key Insights:
Dogecoin remains inside a descending channel, with repeated lower highs reinforcing bearish structure and limiting sustained upward momentum across recent trading sessions.
Derivatives data shows rising volume and open interest, indicating new positions entering markets while short liquidations dominate recent activity and signal pressure.
Polymarket data highlights sentiment divergence, with strong daily optimism contrasting sharply against weak short-term expectations reflected in low intraday upside probability readings.
Dogecoin traded at $0.0945 on April 8, staying below a key resistance zone defined by a descending channel that has guided price action since October 2025. The upper boundary near $0.1050 continues to reject upward moves. Consequently, price remains trapped in the lower half of the structure.
The Supertrend indicator at $0.10278 continues to signal bearish control, reinforcing resistance just above the current price. Moreover, the 200-day EMA at $0.12615 stands as a distant level where sentiment may shift toward neutral. Recent attempts to reclaim higher levels have failed to hold.
Lower Highs Maintain Downtrend Structure
Each rebound since January has formed a lower high, confirming a steady downtrend. However, the Parabolic SAR at $0.08804 sits below price, offering limited short-term support. The indicator has flipped frequently, showing unstable momentum without clear direction.
DOGE spent March and early April consolidating without breaking above the channel midpoint. Additionally, price action shows hesitation rather than strength during minor recoveries. This pattern keeps the broader structure tilted toward sellers.
Polymarket Sentiment Reveals Timing Divide
Prediction market data reflects a split between long-term optimism and short-term caution. The daily contract shows 99% of participants expecting gains. However, the one-hour contract shows only 6% expecting upside, highlighting weak intraday confidence.
Source: TradingView
The $0.10 strike holds a dominant 68% probability, reflecting expectations of limited upward movement. Meanwhile, higher targets such as $0.15 and $0.20 show sharply reduced confidence. This distribution signals restrained expectations beyond immediate resistance.
Derivatives Activity Signals New Positions
Trading volume rose by over 64% to $2.64 billion, while open interest increased nearly 10% to $1.20 billion. Consequently, new positions are entering the market instead of existing ones closing. Options volume also climbed, supporting the trend of increased activity.
Short liquidations reached $2.89 million over the past day, significantly higher than long liquidations. This imbalance indicates that bearish traders faced stronger pressure during recent moves. Moreover, top traders on major exchanges maintain a clear long bias.
Open interest remains well below the peaks seen in late 2024, when levels exceeded $6 billion. This gap suggests room for leverage to grow if the price breaks above resistance. However, current positioning still reflects cautious participation.
The post DOGE Struggles Below $0.10 as Bears Hold Channel Control appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Evernorth Moves Closer to Nasdaq With XRP Treasury Plan
Evernorth files amended S-4, moving closer to Nasdaq listing via merger with Armada Acquisition Corp II.
Board adds Ripple's Stuart Alderoty, enhancing expertise in crypto regulation and institutional XRP adoption.
XRP treasury strategy backed by SBI, Pantera, Kraken, and Ripple, focusing on ecosystem exposure over price.
Evernorth Holdings moved forward with its public listing plan on April 7 by filing an amended Form S-4 with the SEC. The filing advances its merger with Armada Acquisition Corp II and includes a board nomination for Stuart Alderoty. The deal aims to establish the largest public XRP treasury under the ticker “XRPN.”
Merger Filing Advances Public Listing Plan
According to the filing, Evernorth is progressing toward a business combination with Armada Acquisition Corp II. The SPAC is sponsored by Arrington Capital. The company has raised more than $1 billion in gross proceeds tied to the transaction.
Notably, Evernorth plans to list on Nasdaq following regulatory approval. However, the SEC must still review and comment on the registration statement. Additionally, Armada shareholders must approve the proposed merger.
The filing also references updates tied to Pathfinder Digital Assets LLC agreements. It includes consent from Deloitte & Touche and Brownstein Hyatt Farber Schreck as share issuance counsel.
Board Nomination Adds Regulatory Expertise
As part of the amendment, Evernorth nominated Stuart Alderoty to its board of directors. Alderoty serves as chief legal officer at Ripple. The company also named Ted Janus as a director.
According to the filing, Alderoty’s role brings experience in crypto regulation and policy. This addition aligns with Evernorth’s focus on institutional-scale XRP adoption. The nomination comes as the company prepares for broader market entry.
XRP Treasury Strategy Backed by Investors
Evernorth’s investor base includes SBI Holdings, Pantera Capital, and Kraken. Ripple has contributed 126,791,458 XRP to the treasury.
Meanwhile, CEO Asheesh Birla, a former Ripple executive, outlined the company’s strategy. He stated the firm focuses on broader XRP ecosystem exposure rather than price tracking alone.
The update follows recent regulatory developments in the United States. Authorities, including the SEC and CFTC, have classified XRP as a non-security digital commodity.
The post Evernorth Moves Closer to Nasdaq With XRP Treasury Plan appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Morgan Stanley Bitcoin Trust Debuts With Low Fee Edge
MSBT debuts with $34M volume, 1.6M shares traded, surpassing first-day expectations for Bitcoin ETFs.
The fund’s 0.14% expense ratio undercuts rivals, giving Morgan Stanley a competitive cost advantage.
Launch supported by Bitcoin ETF inflows and geopolitical developments, boosting investor interest.
Morgan Stanley entered the spot Bitcoin ETF market on April 8 with the Morgan Stanley Bitcoin Trust (MSBT), recording $34 million in first-day trading volume. The fund traded over 1.6 million shares and closed at $20.47. Its launch came as Bitcoin rebounded and ETF inflows strengthened.
Strong Trading Debut Exceeds Expectations
MSBT posted higher-than-expected activity during its first trading session. Analysts had projected slightly lower volumes for the launch. However, the fund surpassed those estimates with steady demand throughout the day.
Notably, the debut aligned with renewed interest in Bitcoin ETFs. Earlier in the week, U.S.-listed spot Bitcoin ETFs recorded $471 million in net inflows. This marked the strongest daily total in about six weeks.
Funds managed by BlackRock and Fidelity Investments led these inflows. This broader momentum provided a supportive backdrop for MSBT’s launch.
Pricing Strategy Sharpens Competition
A key feature of MSBT is its 0.14% expense ratio. This undercuts BlackRock’s iShares Bitcoin Trust, which charges 0.25%. It also comes slightly below Grayscale Investments’ Bitcoin Mini Trust ETF at 0.15%.
This pricing approach positions Morgan Stanley to compete for cost-sensitive investors. Lower fees can influence allocation decisions, especially in a crowded ETF market. Therefore, MSBT enters the sector with a clear cost advantage.
Additionally, Morgan Stanley brings a wide distribution network to the product. Its roughly 16,000 financial advisors oversee about $9.3 trillion in assets. This reach could support adoption over time.
Market Backdrop Supports ETF Activity
The ETF launch coincided with geopolitical developments that influenced crypto markets. Reports of a ceasefire between the United States and Iran contributed to improved sentiment. Additionally, reports indicated Iran accepted cryptocurrency payments for oil transit fees.
However, the ETF sector continues to recover from earlier outflows. Nearly $5 billion exited spot Bitcoin ETFs since November. These losses were only partly offset by inflows recorded in March and early April.
As a result, MSBT’s debut occurred during a period of mixed but improving market conditions.
The post Morgan Stanley Bitcoin Trust Debuts With Low Fee Edge appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Enhanced Secures $1M in Strategic Pre-Seed Funding to Bring Structured Yield to More Assets Onchain
Kuala Lumpur, Malaysia, April 9th, 2026, Chainwire
Enhanced Labs Inc, a company focused on building DeFi solutions that package sophisticated options and derivatives strategies into very easily-accessible products for users, has successfully closed a $1,000,000 strategic pre-seed funding round.
The round was led by Maximum Frequency Ventures with participation from GSR, Selini, Flowdesk, and other angel investors. The team has highlighted that this is a strategic pre-seed round, with the composition of its investor base being intentional, prioritising strategic alignment. These investors have targeted expertise in trading infrastructure, market-making, institutional distribution, and more.
According to the announcement article , Enhanced’s approach will be designed around three strategic pillars:
The first is to focus on delivering more competitive rates through improved auction mechanics and capital efficiency.
The second aims to extend options-based yield strategies beyond major assets to a broader range of on-chain holdings, including tokenised real-world assets.
The third emphasises operational efficiency, seeking to distil complex strategies into an intuitive, objective-first user experience where participants define desired outcomes — yield, hedging, or structured exposure — rather than navigating the underlying instruments directly.
The newly acquired capital is expected to support product development and the operational groundwork needed.
The announcement comes during a period of notable momentum in the Options sector in DeFi not seen since 2024. Volatility yield for crypto assets using options strategies seem to also be steadily growing in both institutional and retail interest in recent months. Enhanced is building at the intersection of two major narratives - onchain yield and options.
About Enhanced
Enhanced is building a multi-chain DeFi platform for structured yield and wealth products, starting with various derivative strategies for more assets on-chain. For more information about Enhanced, users can visit https://enhanced.finance or X at https://x.com/enhanced_defi
ContactFounder Kevin Ang Enhanced Labs Inc kevin@enhanced.finance
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post Enhanced Secures $1M in Strategic Pre-Seed Funding to Bring Structured Yield to More Assets Onchain appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Polygon Targets $100M Raise for Stablecoin Payments
Polygon targets up to $100M raise to build regulated stablecoin payments and expand financial infrastructure.
Acquisitions of Coinme and Sequence support its Open Money Stack for end-to-end payment solutions.
Stablecoin growth drives strategy, with volumes surging past traditional systems like ACH in 2026.
Polygon Labs has entered early-stage talks to raise up to $100 million for a regulated stablecoin payments business. The firm plans to sell equity worth $50 million to $100 million. The move follows recent acquisitions and aims to expand payment infrastructure as stablecoin usage accelerates globally.
Fundraising Push Signals Strategic Shift
According to The Information, Polygon Labs is exploring a new funding round amid a slower crypto market. The report noted the initiative could help the firm diversify beyond current market conditions. Notably, the company is targeting a dedicated unit focused on stablecoin payments.
This approach aligns with broader industry shifts toward regulated financial services. Stablecoins have gained traction as payment tools across institutions and enterprises. Therefore, Polygon Labs is positioning its infrastructure to capture this demand.
Acquisitions Build Payment Infrastructure
Earlier in January, Polygon Labs signed agreements to acquire Coinme and Sequence. According to the company, these deals complete key components needed for regulated payments. Together, they form the base for the “Open Money Stack” platform.
This platform combines blockchain rails, wallet systems, and fiat integration. As a result, it enables end-to-end payment capabilities within one framework. The company said the structure supports large-scale, compliant transactions.
Additionally, the integrated system allows enterprises to move funds more efficiently. It also reduces reliance on multiple service providers across payment layers.
Stablecoin Growth Shapes Expansion Plans
Polygon Labs’ strategy follows fast growth in stablecoin activity. According to Chainalysis, stablecoins processed $28 trillion in real economic volume during 2025. This surge highlights increasing adoption across global payment networks.
Moreover, monthly transaction volume reached $7.2 trillion in February 2026, surpassing the ACH network’s $6.8 trillion. This milestone marked the first time stablecoins exceeded that system.
At XRP Tokyo 2026, Ripple projected $33 trillion in onchain stablecoin volume for 2026. Meanwhile, Chainalysis estimates adjusted volume could reach $719 trillion by 2035.
These figures coincide with rising activity on Polygon’s network. Stablecoin balances reached $3.4 billion by February 2026, up from $1.6 billion a year earlier.
The post Polygon Targets $100M Raise for Stablecoin Payments appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
Phemex TradFi Crude Oil Trading Surges 300% as Ceasefire Volatility Sparks Record Demand
APIA, Samoa, April 9, 2026 /PRNewswire/ -- Phemex, a user-first crypto exchange, reported that crude oil perpetual futures volume on its TradFi platform surged over 300% week-over-week, as the US-Iran ceasefire announcement triggered the largest single-day oil price swing since the 1991 Gulf War.
Phemex TradFi offers WTI (XTI) and Brent crude oil (XBR) perpetual futures settled in USDT, available 24/7 with no expiry dates, enabling traders to react to geopolitical events regardless of traditional market hours. Weekly crude oil trading volume on Phemex TradFi exceeded $300 million, with the asset's share of total TradFi volume quadrupling from approximately 3% to 12% during the crisis week. On April 7, daily crude oil volume hit an all-time high of $85 million — a 4.6x spike — as WTI plunged over 15% within hours of the ceasefire news. More than 8,000 unique traders participated in oil contracts over the past week, with single-day active users surpassing 2,000 for the first time.
"Crude oil has gone from a niche offering to one of our fastest-growing asset classes virtually overnight," said Federico Variola, CEO of Phemex. "When WTI dropped $12 after hours on the ceasefire announcement, traditional commodity exchanges were closed. Our traders didn't have to wait, they were already positioned and capturing the move in real time."
As cross-asset volatility becomes increasingly driven by real-time geopolitical developments, the demand for continuous market access is expected to grow. Phemex TradFi's recent surge in crude oil trading highlights a broader shift toward always-on trading infrastructure, where traditional assets are accessed through crypto-native systems. Phemex will continue expanding its TradFi offering, enabling traders to respond to global events with greater speed, flexibility, and precision across asset classes.
About Phemex
Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.
For more information, please visit: https://phemex.com/
Disclaimer: Any information written in this press release does not constitute investment advice. Crypto Front News does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Crypto Front News is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post Phemex TradFi Crude Oil Trading Surges 300% as Ceasefire Volatility Sparks Record Demand appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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