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TAIPEI, April 24, 2026 /PRNewswire/ -- HOYA BIT, a Taiwan-based cryptocurrency exchange, recently announced that it has become the world's first crypto exchange to achieve BSI ISO 14068-1 carbon neutrality certification. Bryn Sutton, Vice President of BSI, and Aiman Ali, Global Head of Sustainability, traveled to Taiwan to present the certification in person, reflecting BSI's high regard for HOYA BIT.

By integrating carbon governance, information transparency, and third-party auditing into its core operations, HOYA BIT has established a reliable framework for the digital asset industry.

BSI is the world's first national standards body, and its certifications are recognized by global tech leaders, including Microsoft and Google as the benchmark for digital governance compliance.

ISO 14068-1 requires companies to disclose full life-cycle carbon emissions, establish a reduction pathway, and undergo third-party audits. Led by Founder Zoe Peng, HOYA BIT adopted the SBTi methodology and Gold Standard carbon offset projects, while prioritizing support for renewable energy initiatives that deliver measurable progress toward the SDGs.

"The digital asset industry can respond to market expectations for governance, accountability and transparency in an internationally recognized and verifiable way," said Zoe Peng. "The key to industry maturity is not just functional innovation — it is consistently demonstrating, through verifiable actions, that a platform can be trusted."

HOYA BIT was also invited to participate in BSI's 125th anniversary celebration — signaling that Taiwan's digital asset industry has joined the global dialogue on sustainable governance. Moving forward, HOYA BIT will continue to improve carbon disclosure and provide users with a range of ways to participate in carbon reduction efforts, making sustainability a shared, actionable commitment.

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.

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Key Insights

SEI breakout above descending resistance confirms structural shift, with price reclaiming momentum as buyers regain control after weeks of compressed trading activity.

Rising TVL, stablecoin liquidity, and consistent inflows highlight growing ecosystem engagement, supporting price strength and signaling sustained capital participation across the network.

Surging derivatives volume and open interest indicate fresh market positions, reinforcing breakout strength, while balanced funding rates suggest continued room for upward expansion.

SEI moved sharply higher on Wednesday, gaining more than 10% after breaking out of a prolonged downtrend that defined recent trading sessions. The move follows weeks of compressed price action where sellers maintained pressure through lower highs. Consequently, the breakout signals a shift as buyers regain control and push the price toward key resistance zones.

SEI network activity shows steady improvement alongside price recovery, reinforcing the strength of the breakout. Total value locked has climbed to $61.44 million, reflecting consistent capital inflows across the ecosystem. Additionally, stablecoin market capitalization stands near $180.11 million, with USDY dominance holding above 59%, signaling concentrated liquidity support.

Trading Activity Shows Sustained Demand

Market participation continues to expand as daily inflows approach $922,835, indicating steady user engagement. Decentralized exchange volume holds near $6.29 million, while perpetual trading volume reaches $22.68 million. Moreover, these figures reflect sustained activity rather than a temporary spike, strengthening confidence in the ongoing price move.

Price structure confirms a technical shift as SEI breaks above its descending channel and exits a multi-week downtrend. The asset now trades around $0.061 to $0.062 after rebounding from lows near $0.055. Besides, the 20 EMA has moved below the price, highlighting improving short-term momentum in favor of buyers.

Indicators Reflect Strengthening Momentum

Momentum indicators support the bullish shift as RSI climbs toward the 58 to 60 range. This level shows growing strength while leaving room for further upside continuation. Significantly, the breakout occurred with a visible surge in trading volume, confirming strong market participation and reducing the likelihood of a false signal.

Source: TradingView

SEI now approaches a critical resistance band between $0.065 and $0.070, which previously capped upward attempts. A sustained move above this range could open the path toward $0.085 to $0.090, aligning with prior breakdown levels. However, the support zone between $0.055 and $0.058 remains essential to maintain the current bullish structure.

Derivatives Data Confirms Market Participation

Derivatives markets show rising interest as trading volume jumps to $112.32 million, marking a sharp increase. Open interest also climbs to $66.15 million, indicating new positions entering the market rather than short covering. Hence, balanced funding rates suggest the rally remains stable and could support a broader recovery trend.

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Las Vegas, Nevada, United States, April 23rd, 2026, Chainwire

At the Prediction Conference in Las Vegas, SafeBets [SafeBets.world Inc.] unveiled a first-of-its-kind prediction platform where users can earn substantial financial rewards.

The company’s arrival comes as the prediction market sector reaches a historic inflection point. Industry volume has grown 127-fold in three years, from $0.5 billion in 2022 to $63.5 billion in 2025, with research firm Eilers & Krejcik further projecting the sector to reach $1 trillion in annual trading volume by 2030.

SafeBets is built to capture a significant share of that market through a model that no existing platform has yet attempted. SafeBets aims to grow to 200 million users by 2030.

A New Economic Architecture for Prediction Markets

Traditional prediction platforms operate on a zero-sum model: for every dollar won, another participant loses. SafeBets is built on an entirely different economic foundation.

Instead of redistributing capital among participants, the platform generates revenue by trading crypto, commodities, stocks, and currency markets using the Collective Intelligence of its best predictors.

SafeBets targets $10B+ in annual trading profits from this activity with half of those profits used to reward its top predictors and Brand Ambassadors.

This architecture has direct implications for scalability: zero-sum systems are capped by the capital participants are willing to put at risk. SafeBets scales with global financial markets, a pool orders of magnitude larger.

“SafeBets introduces something the financial world has never seen: risk-free betting,” said Alex Konanykhin, CEO of SafeBets. “Many people have the analytical skill to read markets better than the crowd, but to date, there has been no accessible, risk-free way to be rewarded for it. SafeBets is not a gambling platform—it is a Collective Intelligence Engine.”

How SafeBets Works: Proof-Of-Intelligence

Users create a free account and receive 100 unicoins upon signup, enabling their first 100 predictions across crypto, equities, commodities, and currencies. No deposit is ever required, so no user can incur any loss by placing predictions on SafeBets.

From there, SafeBets’ proprietary algorithm, the Collective Intelligence Engine, evaluates every prediction against real, time-stamped market outcomes, scoring each forecaster on accuracy, consistency, and the magnitude of their calls.

“The Filtration Pyramid is the heart of the platform,” said Gina Antoniello, Executive Director of SafeBets and Professor at NYU. “Anyone can join. Only the genuinely skilled rise. And when they do, the platform rewards them at a scale that has never been possible before, because their intelligence is generating real, measurable value in real financial markets. That is a fundamentally new relationship between individual insight and institutional trading.”

Unicoin: The Smart Coin for Smart People

Instead of using multiple national fiat currencies, SafeBets uses Unicoin as its network token.

Positioned as the Smart Coin for Smart People, Unicoin can be mined on SafeBets through Proof-of-Intelligence. SafeBets intends to allocate 15-25% of its revenues to purchasing unicoins on crypto exchanges, thereby increasing liquidity and price stability. That gives Unicoin a fundamental economic grounding that most cryptocurrencies lack.

The SafeBets–Unicoin ecosystem is designed as a self-reinforcing flywheel: accurate predictors earn unicoins, the token’s value grows with the platform’s trading success, and rising token value attracts a larger and sharper user base, which generates stronger signals and produces greater trading profits.

“Unicoin is what makes the entire system compounding,” said Alex Dominguez, Chief Investor Relations Officer of SafeBets. “I believe that the risk-free betting concept of SafeBets is so unique, intriguing, and appealing that over a billion people may try their prediction skills on SafeBets, especially once we add sports predictions. All SafeBets users will learn about the advantages of Unicoin and start using it for making predictions on SafeBets.world. That may result in the Unicoin community becoming larger than the communities of any other cryptocurrency, including Bitcoin. I’m confident that Unicoin may become the leading cryptocurrency.”

Global Scale: A Platform Built for Everywhere

SafeBets’ model is designed for unrestricted global expansion. Because the platform accepts no financial wagers and places no user capital at risk, it operates entirely outside the gambling classifications that have constrained traditional prediction markets to select jurisdictions.

“In short, SafeBets can reach every market, including the 85+ jurisdictions currently closed to its competitors, from day one. And here at the first conference of the Prediction Industry, we announced that we intend to do so,” Konanykhin concluded.

About SafeBets

SafeBets (SafeBets.world) is a prediction platform where users earn unicoins by accurately forecasting crypto, equity, commodity, and currency markets. The platform accepts no wagers and places no user capital at risk, operating outside global gambling regulations. Powered by an AI-driven Collective Intelligence Engine, SafeBets targets 200 million users and $10B+ in annual trading profits by 2030.

Website: https://safebets.world/

About Unicoin

Unicoin is a cryptocurrency governed by Unicoin Foundation and issued by TransparentBusiness Inc., a U.S.-based crypto company committed to building one of the world’s most transparent and compliant cryptocurrency ecosystems. Through innovation, education, and community engagement, Unicoin Foundation aims to democratize access to economic opportunities and redefine the role of digital assets in society.

Forward-Looking Statements

This press release contains forward-looking statements and projections. Investing in SafeBets involves significant risk, including the possible loss of the entire investment. Success is not guaranteed. All investment decisions should be made only after careful review of the Private Placement Memorandum available at SafeBets.world/invest. This release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is unlawful. TransparentBusiness Inc. provides no essential managerial efforts with respect to SafeBets.

ContactPolicy Advisor
Sam Amsterdam
SafeBets.world Inc.
Sam@AmsterdamGroup.net

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.

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Key Insights

Solana trades at $85.39 after a 3.50% drop, showing mixed signals as short-term support holds while a a long-term bearish trend persists.

wXRP integration on Solana brings over $10million inon liquidity and strengthens cross-chain DeFi activity despite ongoing market selling pressure.

Technical indicators remain weak as oscillators diverge, with SOL expected to trade between $82 and $88 amid limited upside probability.

Solana trades at $85.39 after dropping $3.10, marking a 3.50% daily decline as selling pressure intensifies. The asset sits just below its 50-day moving average, which signals resistance in the short term. However, it still holds above the 20-day average, showing limited support from recent buying activity.

Moreover, the broader trend remains weak as SOL continues to trade far below its 200-day moving average. This distance reflects sustained bearish pressure across longer time frames. Consequently, the market shows mixed signals, with short-term support failing to confirm any strong recovery.

wXRP Integration Expands DeFi Activity on Solana

Solana Foundation confirmed a direct purchase of wrapped XRP to support early-stage integration with Ripple. The transaction involved approximately 6,561 wXRP tokens, valued at $10,000, and took place on the Solana network. This step highlights ongoing efforts to expand cross-chain functionality within decentralized finance.

Additionally, the launch of wXRP comes with over $100 million in initial liquidity to strengthen adoption. Solana also led on-chain spot trading volume in the first quarter, capturing 41% of total activity. Hence, despite price weakness, network activity continues to grow steadily.

Momentum Indicators Signal Weak Directional Bias

Technical indicators show a lack of clear momentum, with MACD and ADX both reflecting neutral conditions. RSI remains near 51, indicating balanced market participation without strong buying pressure. However, other oscillators such as Stochastic RSI and CCI signal overbought conditions, which suggest potential downside risk.

Source: TradingView

Besides, Bollinger Band positioning indicates short-term buying pressure, even as price declines. This divergence highlights uncertainty in market direction. Consequently, traders remain cautious as indicators fail to align toward a confirmed trend.

Support Levels Face Pressure Near Key Zones

SOL trades close to its immediate support level around $85, with the Ichimoku Kijun line providing a nearby floor. The price action near daily lows reflects continued selling interest during trading sessions. Additionally, moderate volatility suggests controlled movement rather than sharp swings.

However, failure to hold above current levels may push the asset toward lower support zones. Market participants continue to monitor this area closely as it defines short-term direction.

Short-Term Outlook Favors Rangebound Movement

Over the next five days, SOL is expected to trade between $82 and $88, forming a tight consolidation range. The probability of an upward move remains below 20%, as multiple indicators favor sellers. Moreover, weekly signals continue to align with bearish conditions across major averages.

A move above $88 would require strong momentum confirmation to shift sentiment. Conversely, a drop below $82 may trigger further downside pressure and extend recent losses.

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Pyth feeds will settle Kalshi contracts on assets like gold, oil, and soybeans with continuous pricing beyond exchange hours.

The system aggregates data from 125+ institutions, ensuring real-time coverage across commodities trading without interruptions.

Kalshi expands amid regulatory scrutiny as U.S. and global authorities question prediction markets and their classification.

Kalshi has selected Pyth Network to supply settlement data for its Commodities Hub. The integration covers metals, energy, and agriculture markets, including gold, oil, and soybeans. The move ensures continuous price data for event contracts, addressing gaps from traditional exchange trading hours.

https://twitter.com/PythNetwork/status/2046952415895966037?s=20

Data Infrastructure Expands Across Asset Classes

The Commodities Hub enables users to trade binary outcome contracts tied to commodity price thresholds. Participants predict whether assets close above or below preset levels. Notably, Pyth’s feeds will determine contract outcomes across gold, silver, Brent crude, natural gas, copper, corn, soybeans, and wheat.

Meanwhile, Pyth aggregates pricing from over 125 financial institutions, including trading firms and liquidity providers. This data flows continuously without interruption. As a result, Kalshi gains consistent pricing coverage across markets that often close overnight or during weekends.

The partnership builds on an earlier integration from October 2025. At that time, Kalshi distributed regulated event market data onchain using Pyth infrastructure. That rollout covered politics, macro policy, sports, and cultural events across more than 100 blockchains.

Market Access And Institutional Demand

Kalshi’s crypto division head, John Wang, said the platform required fast and reliable data systems. He noted that both retail traders and institutions rely on consistent pricing. Similarly, Mike Cahill of Douro Labs highlighted how commodity prices react to geopolitical developments in real time.

However, traditional venues such as the Chicago Mercantile Exchange operate only during set business hours. In contrast, prediction platforms continue trading without interruption. This difference increases demand for always-available pricing data.

Regulatory Pressure Builds Alongside Growth

Kalshi operates under the U.S. Commodity Futures Trading Commission as a designated contract market. This federal status allows it to offer derivatives trading. However, state regulators argue some contracts resemble gambling products.

According to reports, the Department of Justice and the CFTC asked a federal court to block Arizona from enforcing gambling laws against Kalshi. At the same time, lawmakers including Adam Schiff and John Curtis introduced legislation targeting prediction markets tied to sports.

Elsewhere, international scrutiny continues to rise. Argentina has moved to block access to prediction platforms entirely.

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New York, United States of America, April 23rd, 2026, Chainwire

Threshold Network today announced Verifiable Bitcoin Accounts (VBA), a new framework for institutional Bitcoin deployment built on the same signer infrastructure that has operated with Bitcoin for six years, processed over $5 billion in cumulative volume, and sustained zero losses.

Verifiable Bitcoin Accounts are a Bitcoin Script and PSBT-based account framework for institutional Bitcoin deployment. They define preauthorized spending paths, signer combinations, timelocks, and recovery routes at account setup, allowing allocators to use Bitcoin-backed onchain strategies while preserving segregated custody workflows and verifiable settlement paths.

Your Bitcoin, Your Custody

BTC remains with the holder's existing custody arrangement. VBA is compatible with Qualified Custodians such as Anchorage and Fireblocks Trust, MPC-based custody networks, and self-custody setups. No title transfer outside of their existing custody. Capital is held in a segregated account, not pooled, and is identifiable at all times. The custody relationship that the allocator already maintains governs every deployed position.

Built for Bitcoin Finance

Institutional Bitcoin lending is accelerating toward a projected $90B by end-of-2026¹, driven by stablecoin growth that reached $308B in early 2026 and is on track to exceed $1T². While major platforms are building proprietary lending stacks to capture the demand, Verifiable Bitcoin Accounts turn any existing custody - Qualified Custodian, MPC network, or self-custody - into institutional-grade lending infrastructure.

Onchain Bitcoin lending and yield markets depend on collateral that resolves reliably across liquidation, maturity, and redemption. Verifiable Bitcoin Accounts are built for that operational reality, with every settlement route agreed at setup and enforced in Bitcoin Script.

For allocators deploying Bitcoin into onchain lending at scale, this is the guarantee that makes the product usable.

Bitcoin-Level Integration Path

The foundation of every Verifiable Bitcoin Account is the Partially Signed Bitcoin Transaction (PSBT), supported by the following features:

Consensus-enforced spending. Spending conditions, recovery paths, and timelocks are written in Bitcoin Script and enforced by the same consensus mechanism that secures the Bitcoin network. Every permissible outcome is pre-defined. Every state is verifiable onchain by any full node.

Multi-party controls. No single entity holds unilateral authority over deployed capital during the term of the agreement. Not the custodian, not Threshold, not the depositor. Every movement requires the predefined combination of parties specified for that position.

Predefined recovery. If the signer network is unavailable, the depositor recovers the BTC themselves after a defined timelock. No counterparty cooperation is required. The Bitcoin UTXO is the system of record.

Whitelisted deployment. Capital deploys only into risk-assessed, pre-approved onchain lending and yield markets such as Aave, Morpho, Curve, and Yield Basis. Every movement is constrained, auditable, and aligned with institutional compliance requirements.

The signer infrastructure, Threshold Network, the protocol behind Verifiable Bitcoin Accounts, has operated with Bitcoin for six years, with over $5 billion in cumulative volume and zero losses. Verifiable Bitcoin Accounts is the extension of this proven, existing infrastructure.

Verified, Not Just Trusted

Institutional adoption of Bitcoin in onchain markets does not scale on assurance alone. It scales on independent verification.

"Institutions don't need additional layers of trust; they need systems where outcomes are defined, enforceable, and verifiable from the outset. By removing reliance on counterparties, we align Bitcoin onchain with the standards institutional capital actually requires." — MacLane Wilkison, Co-Founder of Threshold Network

Verifiable Bitcoin Accounts (VBA) establish a new standard for institutional Bitcoin deployment: every component of the architecture can be verified before a single satoshi is committed.

Verifiable Bitcoin Accounts are available to qualified institutional participants. To discuss integration and explore deployment into approved onchain venues, users can contact the team via: https://threshold.network/contact

About Threshold Network

Threshold Network is the protocol behind tBTC, the trust-minimized Bitcoin bridge that has processed over $5 billion in cumulative volume across six years of mainnet operation with zero losses. Verifiable Bitcoin Accounts extend this infrastructure into institutional Bitcoin deployment, combining segregated custody, Bitcoin-enforced spending controls, and access to onchain lending markets. For more information, users can visit www.threshold.network.

ContactPR
Threshold Labs
Threshold Labs
contact@tnetworklabs.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.

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OCC draft sets federal rules for stablecoin issuers and custody services, focusing on safety and regulatory compliance.

Proposal excludes AML and sanctions rules, leaving those areas for separate coordination with Treasury agencies.

Framework marks initial step in multi-agency oversight, with more rules expected as GENIUS Act implementation continues.

The Office of the Comptroller of the Currency issued a proposed rule to implement the GENIUS Act, outlining how payment stablecoin issuers will operate under federal oversight. The proposal defines requirements for issuers, custody activities, and supervision, aiming to support stablecoin use within a regulated banking framework while maintaining operational safety.

Framework Targets Issuers and Custody Operations

The proposal sets rules for permitted payment stablecoin issuers and foreign issuers under OCC jurisdiction. It also covers custody services provided by OCC-supervised institutions.

Notably, the framework outlines how these entities must manage stablecoin-related operations. It focuses on maintaining safety and compliance within regulated financial systems.

According to Comptroller Jonathan V. Gould, the OCC developed the proposal after detailed review. He said the agency is seeking public feedback before finalizing the rule.

Rule Excludes AML and Sanctions Provisions

However, the proposal does not include requirements related to anti-money laundering or sanctions compliance. These areas fall outside the current rulemaking scope.

The OCC said those provisions will be addressed separately with the U.S. Treasury. This includes Bank Secrecy Act and Office of Foreign Assets Control requirements.

This approach allows the current rule to focus on issuer regulation and custody oversight. It separates operational rules from financial crime compliance measures.

Coordination Continues Across Agencies

Meanwhile, the OCC confirmed it will continue working with other agencies implementing the GENIUS Act. This reflects a coordinated federal approach to stablecoin oversight.

The agency noted that multiple regulators will handle different aspects of the law. Each rulemaking will address specific responsibilities.

As a result, the proposal introduces initial standards for stablecoin issuers. Additional rules are expected as agencies complete their respective mandates.

The post U.S. OCC Sets Draft Framework for Stablecoin Issuers Under GENIUS Act Framework  appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

APIA, Samoa, April 23, 2026 /PRNewswire/ -- Phemex, a user-first global cryptocurrency exchange trusted by over 10 million traders, announced the official launch of its Prediction Market, powered by Polymarket, a leading decentralized prediction market platform. The new product enables users to trade on the outcomes of real-world events, while broadening Phemex's platform beyond traditional price-based markets.

Through the Prediction Market, Phemex users can take YES or NO positions on a wide range of events, including cryptocurrency milestones, sports tournaments, and world events. Markets are accessible directly through existing Phemex accounts using USDT, without requiring external wallets or separate on-chain interaction.

The launch reflects growing interest in markets where information, sentiment, and probabilities can be expressed more directly than through conventional asset trading. By integrating prediction markets into a centralized trading environment, Phemex aims to make this category more accessible to a broader global user base.

To mark the launch, Phemex introduced the Prediction Championship, a four-week participation event running from April 23 to May 20, 2026. The series ranks eligible users based on forecasting performance, with rewards distributed weekly and final standings recognized at the conclusion of the competition.

"Prediction markets represent an important evolution in market structure," said Federico Variola, CEO of Phemex. "They transform information and collective expectations into tradable signals. In a world increasingly shaped by fast-moving narratives, users are looking for more direct ways to express views on outcomes, not only on asset prices. Bringing this category onto Phemex is part of our broader strategy to build a more complete trading ecosystem around how markets actually function today."

The launch follows Phemex's recent expansion into new product verticals, including TradFi futures and AI-enabled trading tools, underscoring the company's push toward a broader multi-market platform. Looking ahead, Phemex plans to continue expanding prediction market coverage, product functionality, and cross-category trading opportunities as user demand for event-driven markets grows globally.

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.

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GSR debuts BESO ETF with active strategy, adjusting Bitcoin, Ether, and Solana allocations weekly to outperform benchmarks.

ETF records nearly $5M in first-day volume, signaling early investor interest in diversified crypto investment products.

Launch aligns with growing ETF momentum as major firms expand crypto offerings and attract institutional capital inflows.

GSR launched its Crypto Core3 ETF, trading under ticker BESO on Nasdaq, offering exposure to Bitcoin, Ether, and Solana. The fund recorded nearly $5 million in first-day trading volume, reflecting early demand for diversified crypto products, according to Nasdaq data and company statements.

Active Strategy Drives Multi-Asset Exposure

GSR structured the ETF as an actively managed product with a 1% fee. The fund adjusts allocations weekly using internal research signals.

Notably, the strategy aims to outperform a benchmark tied to Bitcoin, Ether, and Solana weightings. GSR said the model relies on disciplined portfolio shifts across market conditions.

A published model portfolio showed Ether leading at 51.4%, followed by Solana at 41.67%. Bitcoin held a smaller share at 6.93%.

Trading Debut Shows Early Investor Interest

On its first trading day, BESO recorded 185,574 shares traded, totaling about $4.8 million. The ETF closed at $26.04.

However, after-hours activity pushed the price higher to $33. This movement highlighted immediate market engagement following the listing.

GSR confirmed the ETF tracks spot prices of the three assets. It also incorporates staking rewards where applicable to generate additional returns.

Expansion Aligns With Broader ETF Momentum

The launch comes as major firms increase activity in crypto ETFs. Notably, Morgan Stanley introduced a spot Bitcoin ETF on April 8.

That product has already attracted $163.8 million in net inflows. Meanwhile, Goldman Sachs filed for a Bitcoin Premium Income ETF on April 14.

GSR CEO Xin Song said the firm expanded into ETFs to reach more investors. He added the strategy reflects its experience in crypto markets.

Founded in 2013 by Cristian Gil and Richard Rosenblum, GSR has focused on trading and liquidity services. The ETF now extends that expertise into regulated investment products.

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OSL integrates USDC for 1:1 conversions, trading pairs, and unified margin use across crypto and fiat markets.

Partnership adds tokenized assets like USYC, linking traditional finance products with blockchain-based liquidity tools.

Circle introduces native USDC bridging, enabling secure cross-chain transfers with automated routing and settlement efficiency.

Circle and OSL Group moved to deepen stablecoin usage by expanding USDC access across trading and payments networks, targeting global markets including Hong Kong. The collaboration integrates USDC into OSL’s infrastructure to enable 1:1 conversions, efficient settlement, and broader institutional workflows, according to statements released by both firms.

USDC Integration Expands Trading and Payment Rails

OSL confirmed it will embed USDC across its platform, linking trading and payment services under one system. Through OSL Global, users can convert USD to USDC at a fixed 1:1 ratio.

Notably, the platform also introduces a dedicated USDC trading zone with order book access. Trading pairs include Bitcoin, Ether, Solana, USD, and USDT.

In addition, OSL enables USDC as a unified margin asset. This allows eligible users to deploy stablecoin balances across multiple trades without switching collateral.

Institutional Tools and Tokenized Assets Added

Beyond trading, the partnership extends into tokenized finance tools. OSL Global plans to provide access to Circle’s USYC tokenized money market fund, subject to regulatory approval.

This addition connects traditional financial products with blockchain-based infrastructure. It also reflects rising institutional demand for tokenized assets and continuous liquidity.

Meanwhile, OSL integrated USDC into its payment network. This supports digital dollar transactions with faster settlement and stable pricing for cross-border activity.

Infrastructure Push and New Bridging Solution

Executives framed the move as part of a broader infrastructure buildout. Eugene Cheung said the integration links fiat, stablecoins, and crypto into one system.

Similarly, Kash Razzaghi highlighted demand for global value transfer systems that operate in real time. He pointed to USDC’s role in enabling capital-efficient trading and settlement.

Separately, Circle introduced a native USDC bridging system. The model uses a burn-and-mint process to transfer assets between blockchains without third-party liquidity pools.

According to Circle, the system verifies transactions before minting assets on the destination chain. It also manages routing and gas fees automatically during transfers.

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BlackRock, Mastercard, and Franklin Templeton test XRPL for stablecoin payments, focusing on infrastructure not trading use cases.

Ripple partnerships enable tokenized funds like BUIDL and VBILL to convert into RLUSD for continuous onchain liquidity flows.

XRP Ledger activity rises as institutions explore payments, lending, and settlement using integrated blockchain financial tools.

Major financial firms are moving deeper into blockchain infrastructure as BlackRock, Mastercard, and Franklin Templeton explore the XRP Ledger for payments and settlement. The activity was confirmed by Odelia Torteman during a Digital Assets Forum event in London, highlighting ongoing institutional tests using RLUSD on-chain.

Institutional Tests Expand Across Payments

Notably, Torteman said these firms view the network as infrastructure rather than a trading venue. She described XRP as a bridge asset used for transferring value across different assets. The ledger also includes an automated market maker, a decentralized exchange, and compliance-focused trust lines.

Meanwhile, Mastercard partnered with Gemini and Ripple last November to test RLUSD settlement for card payments. The pilot showed how regulated stablecoins can process transactions on a public blockchain.

Tokenization Deals Drive Broader Usage

As testing continued, additional partnerships focused on tokenized assets. Ripple worked with Securitize to support conversions into RLUSD for BlackRock’s BUIDL fund and VanEck’s VBILL fund. This setup enables continuous liquidity through smart contracts.

Separately, Franklin Templeton and DBS Bank collaborated with Ripple on tokenized lending and trading solutions. These efforts combine money market funds with stablecoin settlement to improve liquidity and execution.

XRPL Activity Rises With Institutional Focus

At the same time, XRP has seen increased market activity alongside these developments. The token gained nearly 10% over the past week, briefly moving above $1.50. Data also showed about $55 million in ETF inflows during the same period.However, Torteman emphasized that institutional interest centers on infrastructure capabilities. She said the XRP Ledger supports payments, settlements, and cross-asset transfers within a single system.

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Senate likely delays CLARITY Act markup to May as notice deadline passes and lawmakers weigh banking sector concerns.

Lawmakers split on urgency, with some pushing action while others seek more review of stablecoin yield provisions.

Industry groups increase pressure for progress, warning delays could stall crypto legislation and shift activity offshore.

At a Washington, D.C. event, Senator Bernie Moreno said crypto market structure legislation could pass by the end of May. The remarks came as lawmakers debate timing for the CLARITY Act markup in the Senate Banking Committee. Moreno also warned last month that missing the May window could stall legislation indefinitely.

Senate Signals Shift Toward May Markup

However, momentum around an April markup appears to be fading. According to Crypto In America, the committee would need to notify members by Friday to proceed next week. That step has not occurred, indicating a likely delay.

Meanwhile, Thom Tillis said he expects the markup to move into May. The earliest possible window now falls in the week of May 11, after Senate recess. Tillis emphasized the need to review concerns raised by banking stakeholders before advancing the bill.

Notably, his office has faced pressure from bank lobbying groups, including the North Carolina Bankers Association. These groups have raised objections to elements of the stablecoin yield framework, although the text remains unpublished.

Lawmakers Split on Urgency and Timing

In contrast, Cynthia Lummis opposed further delays, calling them unacceptable. She said lawmakers should act on the progress already made instead of seeking a perfect version. Lummis also warned that delaying could increase offshore risks and narrow the legislative window.

At the same time, Moreno dismissed bank concerns over stablecoin yield. He described the objections as “noise” and urged banks to focus on innovation instead. His comments highlight ongoing friction between traditional finance and crypto policy efforts.

Industry Pressure Builds Around Clarity Act

As debate continues, industry groups have increased pressure on lawmakers. The Digital Chamber sent a letter urging the committee to move forward quickly. The group noted more than 270 days have passed since the House approved the CLARITY Act.

Additionally, sources said other trade associations plan to submit similar letters in the coming days. The push shows growing urgency within the crypto sector as the timeline tightens.

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Key Insights

Cardano forms a short-term golden cross as broader crypto markets decline, creating mixed signals that weaken bullish momentum and delay immediate upside potential.

ADA trades between $0.22 support and $0.257 resistance, with repeated rejections confirming strong selling pressure and limiting breakout attempts in April sessions.

Negative funding rates and $254 million in liquidations show traders remain defensive, reinforcing consolidation despite technical indicators suggesting a potential momentum shift ahead.

Cardano has printed a short-term golden cross on its three-hour chart as the 50-period moving average has moved above the 200-period line. This signal appeared for the first time in April and usually reflects improving momentum. However, the broader market trend weakened at the same time, which reduces the strength of this technical signal.

Besides the crossover, price action moved lower across major crypto assets, creating a conflicting setup. The timing has drawn attention because such signals typically align with upward momentum, not declining prices.

Market Liquidations Add Pressure to ADA Trend

The wider crypto market recorded $254 million in liquidations within 24 hours, with long positions accounting for $180 million. This imbalance shows that traders expected higher prices but faced rapid losses as prices dropped. Consequently, this pressure has limited the immediate upside potential for ADA.

Additionally, short liquidations reached $74 million, but they did not offset the broader bearish sentiment. The liquidation data confirms that traders remain cautious, even as technical signals suggest a possible shift.

ADA Price Holds Range Between Key Levels

ADA currently trades near $0.2496 after declining for two consecutive days, though it still shows a weekly gain of 4.80%. The asset has remained within a defined range between $0.22 and $0.30 since early February. This consolidation reflects a lack of strong directional conviction from both buyers and sellers.

Moreover, repeated attempts to break above the daily 50-day moving average near $0.257 have failed several times in April. Each rejection has reinforced this level as a strong resistance zone that buyers must overcome.

Resistance and Support Define Short-Term Direction

Recent price attempts reached a high of $0.264 before reversing, showing clear selling pressure at higher levels. Hence, the daily MA 50 continues to act as a barrier that prevents sustained upward movement. A successful break above this level would open the path toward the $0.30 range.

Source: TradingView

On the downside, support remains steady near $0.22, which has held firm during recent pullbacks. The RSI sits near 50, indicating neutral momentum and suggesting that price may continue moving sideways in the near term.

Derivatives Data Signals Defensive Positioning

Funding rates across perpetual futures markets remain negative, reflecting a defensive stance among leveraged traders. This trend indicates that traders still favor downside protection rather than aggressive long positions. Consequently, sentiment remains cautious despite the appearance of bullish technical signals.

Significantly, the combination of neutral RSI, negative funding rates, and resistance pressure highlights a market waiting for confirmation. Price structure continues to show consolidation rather than a clear breakout trend.

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New York alleges Coinbase and Gemini ran unlicensed prediction markets, allowing underage users and violating gambling laws.

Authorities seek fines, profit forfeiture, and restitution, claiming platforms bypassed taxes and state gaming approvals.

Coinbase argues federal oversight applies, highlighting a broader clash between state gambling rules and federal regulation.

New York Attorney General Letitia James filed lawsuits on Tuesday against Coinbase and Gemini, accusing them of operating unlicensed prediction markets. The complaints allege users placed wagers on events like sports and elections without required state licenses. Authorities say the platforms exposed New Yorkers, including those under 21, to financial and personal risks.

https://twitter.com/EleanorTerrett/status/2046680658500825265?s=20

State Claims Violations of Gambling Laws

According to James, Coinbase and Gemini allowed users aged 18 to 20 to participate, violating New York’s minimum gambling age. The filings also state that wagers involved events outside users’ control, meeting the legal definition of gambling. Furthermore, regulators say neither firm secured approval from the New York State Gaming Commission.

Notably, the lawsuits claim the platforms avoided taxes paid by licensed operators. These funds typically support education, youth programs, and gambling treatment services. Additionally, James said betting on games involving New York college teams breached state restrictions.

The attorney general is seeking penalties, profit forfeiture, and restitution for affected users. The filings also request fines reaching up to three times the alleged revenue.

Coinbase Defends Federal Oversight Framework

However, Paul Grewal disputed the claims, stating prediction markets fall under federal oversight. He said such platforms operate as national exchanges regulated by the Commodity Futures Trading Commission. Grewal added that the dispute is already before a federal court in New York.

Meanwhile, the legal clash reflects a broader jurisdiction conflict between state gambling laws and federal financial regulation. Several states, including Nevada and Washington, have taken similar actions against prediction market platforms.

Broader Enforcement and Industry Impact

James has continued enforcement efforts targeting crypto and online gambling activities. In January 2026, her office sued Valve over alleged gambling promotion in video games. Earlier actions also shut down multiple sweepstakes platforms offering cash-like rewards.

Separately, Coinbase confirmed changes to its derivatives offerings. The company said it suspended trading for certain perpetual futures contracts and settled open positions. It noted the move aims to maintain market quality and streamline product offerings.

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SoFi now supports XRP deposits alongside major assets, integrating it into a regulated OCC-backed banking platform.

Users can manage multiple cryptocurrencies in one app, though withdrawals to external wallets remain restricted.

Institutional interest in XRPL rises, with tokenized value growth and engagement from major financial firms.

SoFi Technologies confirmed on April 21 that it now supports XRP deposits, expanding crypto access for U.S. retail users. The update places XRP within a nationally chartered bank platform regulated by the OCC. The move allows users to deposit XRP alongside bitcoin, ethereum, and solana, integrating the asset into a regulated financial environment.

Crypto Deposit Options Expand Across Networks

Notably, SoFi said users can now deposit 12 cryptocurrencies into its crypto accounts. These include bitcoin, ethereum, USD Coin, chainlink, and XRP. The platform supports transfers across major blockchain networks, including Bitcoin, Ethereum, Solana, and the XRP Ledger.

However, the company maintains restrictions on withdrawals to external wallets. Users can still manage holdings within a single application, covering trading and portfolio tracking. Additionally, SoFi offers trading access to 27 cryptocurrencies, including dogecoin, cardano, avalanche, and stellar.

This broader support shows a multi-asset approach within one retail-focused platform. Meanwhile, SoFi highlighted portfolio management as a central feature tied to its crypto infrastructure.

Ripple Notes Access as Adoption Grows

Ripple acknowledged the update on April 21, linking it to wider participation in digital asset markets. The firm stated that increased access allows more users to engage with XRP. This aligns with ongoing efforts to expand availability through financial platforms.

At the same time, reactions among users remain mixed. Some questioned whether deposits represent direct ownership, citing reliance on the institution. Others pointed to growing adoption as a sign of demand for XRP access.

Institutional Activity Builds Around XRPL

Separately, institutional interest in the XRP Ledger continues to rise. During the Digital Assets Forum 2026 in London, Odelia Torteman confirmed engagement from major firms. These include BlackRock, Mastercard, and Franklin Templeton.

Data shows tokenized value on the network reached about $2.5 billion, up from $1.5 billion. Growth followed a sharp increase in real-world asset activity. XRPL also processes transactions within seconds at low cost, supporting its use in payments and settlement.

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PANAMA CITY, April 22, 2026 /PRNewswire/ -- Aurise Foundation today announced the launch of XAUE, a yield-bearing gold token designed as a Treasury Layer for Tether Gold (XAU₮). Built for qualified institutional participants, XAUE introduces crypto-native yield generation to traditionally non-yielding gold, transforming it into a programmable and capital-efficient on-chain asset.

At launch, ecosystem partners Aurelion and Antalpha have jointly committed 16,052 XAU₮ into XAUE (approximately $76 million as of April 22). As the ecosystem expands, XAUE may potentially integrate with leading more decentralized financial protocols, positioning itself as a foundational collateral and settlement asset across on-chain financial markets.

From Passive Store of Value to Productive On-Chain Asset

Gold has long served as a hedge against inflation and systemic risk, yet its capital efficiency has remained structurally limited. While gold ETFs improved accessibility, they lack 24/7 liquidity. Digital gold assets such as XAU₮ and PAXG have enhanced transferability and global accessibility, but still primarily rely on price appreciation without intrinsic yield generation.

XAUE is designed to bridge this gap. By preserving exposure to the underlying value of XAU₮ while introducing a gold-denominated yield mechanism, XAUE enables holders to benefit from compounding growth measured in gold units. The protocol adopts a monotonically increasing exchange rate model, where the gold value backing each XAUE token might grow over time as net yield accrues.

For example, Deposit 1 XAU₮ to receive 1,000 XAUE (1000:1). With a 2% annual yield, reserves grow to 1.02 XAU₮ while supply stays fixed, so 1,000 XAUE redeems for 1.02 XAU₮—delivering passive, auto-compounding gold returns.

About XAUE

XAUE is a decentralized asset enhancement protocol built on Ethereum, designed as a Treasury Layer for Tether Gold (XAU₮). By introducing gold-denominated yield, compliant access frameworks, efficient reserve verification, and a 1000:1 fractionalization model, XAUE redefines how gold can function within on-chain financial systems.

About Aurise Foundation

XAUE is a DeFi protocol on Ethereum and the Treasury Layer for Tether Gold (XAU₮), issued by Aurise Foundation (Panama). It enables yield generation on gold via quantitative strategies and institutional lending, while remaining fully backed by physical gold or XAU₮. Aurise Foundation and its partners oversee governance, audits, Proof of Reserves, and AML/KYC compliance. Access is limited to whitelisted, KYC/KYB-verified institutions in eligible jurisdictions. More information: xaue.com.

Disclaimer

This press release does not constitute any offer or solicitation. The disclaimer is available here

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.

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SAN FRANCISCO, April 22, 2026 /PRNewswire/ -- Infinite, the payments and compliance technology platform, today announced the launch of Infinite Accounts – dedicated bank accounts with unique routing numbers that work across both traditional payment rails and stablecoin networks, powered by Erebor Bank, N.A., Member FDIC.

Businesses can integrate once with Infinite's platform to access comprehensive account and payment capabilities, subject to program terms and transaction limits. Erebor Bank, N.A. provides the regulated banking infrastructure underneath.

A Unified Account Experience

Through the program, businesses and their end users get deposit accounts with full transactional capability – deposits, withdrawals, ACH, and domestic and international wire transfers – alongside stablecoin functionality, all accessible through Infinite's APIs and platform. Accounts are provided by Erebor Bank, N.A., Member FDIC, and may be eligible for FDIC deposit insurance.¹ Stablecoin products accessible through the platform are not insured by the FDIC, are not bank deposits, and may lose value.²

What makes the program distinct is how it collapses what has traditionally required multiple banking relationships, compliance vendors, and crypto infrastructure providers into a single experience. A payroll company can pay contractors via ACH or on-chain stablecoin from the same funded account. A treasury platform can receive fiat deposits and programmatically convert to stablecoins for cross-border settlement, subject to processing times and applicable fees. The complexity lives in the platform, not in the customer's workflow.

Stablecoin Native Capabilities

The partnership also supports stablecoin mint and burn in connection with fiat funds, on-chain and off-chain transaction flows across supported blockchain networks, and intelligent routing across traditional payment rails – including ACH and wire transfers.

Businesses don't need to manage wallet infrastructure or navigate crypto complexity; the platform handles provider routing, compliance checks, and reconciliation behind the scenes.

Stablecoin holdings are not insured by the FDIC, are not bank deposits, may lose value, and are subject to different risks than FDIC-insured deposit accounts.² For a current list of supported stablecoins, visit https://infinite.dev.

Designed for Platforms

The program is built around Infinite's Merchant Developer model. Third-party platforms, developers, and merchants integrate with Infinite's APIs to offer banking and stablecoin capabilities to their own end users under their own brand – without needing to build payment infrastructure or manage direct banking relationships.

"We built Infinite to make stablecoin payments as easy, if not easier, to adopt as any other payment method," said Nikhil Srinivasan, CEO of Infinite. "Real bank accounts, real payment rails, and stablecoin capabilities – all through one platform that businesses can integrate into their existing workflows."

About Infinite

Infinite is a payments and compliance technology company building the enablement layer for B2B stablecoin adoption. Founded by Nikhil Srinivasan and Raj Lad, Infinite operates a unified platform that integrates payments, compliance, and risk controls for embedded fiat and stablecoin transactions. Visit https://infinite.dev to learn more.

¹ Infinite is a financial technology company, not an FDIC-insured bank. Banking services, including deposit accounts, are provided by Erebor Bank, N.A., Member FDIC. Funds held in deposit accounts may be eligible for FDIC insurance up to $250,000 per depositor, per insured bank, per ownership category, subject to satisfaction of conditions for pass-through deposit insurance. FDIC deposit insurance covers the failure of an FDIC-insured bank and does not protect against the failure or insolvency of Infinite or any non-bank entity. Infinite does not hold, control, or take custody of customer funds.

² Stablecoins accessible through the Infinite platform are not bank deposits, are not insured by the FDIC, and are not guaranteed by Erebor Bank, N.A. or any other financial institution. The value of stablecoin holdings depends on the reserves backing the stablecoin. Stablecoins may lose value. Stablecoin holdings are subject to different risks than FDIC-insured deposits. Banking services, including FDIC-insured deposit accounts, are separately available through Erebor Bank, N.A., Member FDIC.

 

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.

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Justin Sun claims WLFI froze his tokens, blocking governance voting and threatening a burn, raising investor rights concerns.

A new proposal imposes strict terms, including lockups and token burns, intensifying the dispute over control and fairness.

Lawsuit highlights governance risks in crypto projects, focusing on transparency, asset control, and treatment of early investors.

Tron founder Justin Sun has filed a lawsuit in a California federal court against World Liberty Financial over frozen WLFI tokens. The legal action, announced Tuesday, targets actions taken by the project team that Sun claims removed his voting rights and threatened his holdings. The dispute centers on governance control, token access, and investor treatment within the ecosystem.

https://twitter.com/justinsuntron/status/2046787043557244983?s=20

Token Freeze and Rights Dispute Emerge

Justin Sun said the project team froze his WLFI tokens without justification. He added that the freeze blocked his ability to vote on governance proposals.

Moreover, Sun claimed the team threatened to permanently destroy his tokens through a burn mechanism. He described the actions as unfair and inconsistent with standard investor treatment.

According to Sun, he attempted to resolve the matter directly before filing the lawsuit. However, he stated the team refused to restore his access or rights.

He emphasized that he seeks equal treatment compared to other early investors. His statement framed the case as a dispute over fairness and transparency.

Governance Proposal Sparks Further Conflict

The dispute intensified after a governance proposal released on April 15. Sun said the proposal introduces strict conditions for token holders.

Notably, the proposal requires users to accept new terms or face indefinite token lockups. It also includes a requirement to burn 10% of advisor tokens.

Additionally, early investors face a two-year cliff followed by a two-year vesting schedule. Sun said he cannot vote on the proposal due to the token freeze.

He also stated that he strongly opposes the proposal’s structure. However, the restriction prevents him from influencing the outcome.

Broader Concerns and Project Response Questioned

Sun previously raised concerns about a “backdoor blacklisting” feature within the system. He claimed it allows the team to freeze or restrict user assets.

Despite the dispute, Sun reaffirmed support for President Donald Trump’s broader crypto stance. He noted that the issue relates to project operations, not political alignment.

He added that he does not believe Trump would support the actions if aware. Meanwhile, the case adds pressure as WLFI faces scrutiny over other financial issues.

The lawsuit now places governance practices and token control at the center of the ongoing dispute.

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Kevin Warsh supports crypto integration, calling digital assets part of U.S. finance while holding exposure to multiple blockchain firms.

He rejects a U.S. CBDC, citing policy concerns, aligning with lawmakers wary of surveillance and central bank control.

Senate scrutiny focuses on Fed independence, with delays tied to political pressure and ongoing investigations around leadership.

Kevin Warsh faced questioning Tuesday before the Senate Banking Committee as President Donald Trump’s Federal Reserve nominee. Lawmakers pressed him on crypto, policy independence, and political influence during the hearing. Warsh confirmed digital assets already shape U.S. finance and backed their integration, while rejecting a central bank digital currency amid rising scrutiny.

Crypto Stance Draws Clear Response

Senator Cynthia Lummis asked whether digital assets should expand investment access while ensuring protections. Warsh responded that crypto already forms part of U.S. financial infrastructure.

“Digital assets are already part of the fabric,” Warsh said during the exchange. His answer placed crypto within existing financial systems rather than outside them.

Notably, disclosures showed Warsh holds exposure to multiple crypto-related firms and tokens. These include dYdX, Lighter, Polychain, Dapper Labs, Solana, and Optimism.

Earlier remarks also described bitcoin as an important asset for policymakers. This context shaped his responses during the hearing.

CBDC Concerns and Policy Independence 

However, Warsh took a different position on central bank digital currencies. Speaking to Senator Bernie Moreno, he called a U.S. CBDC a “bad policy choice.”

That view aligns with concerns about financial surveillance raised by several lawmakers. Meanwhile, the discussion shifted toward Federal Reserve independence.

Warsh stated his Fed would remain independent from the White House. Still, lawmakers questioned whether political pressure could influence decisions.

Senator Elizabeth Warren warned against leadership aligned too closely with President Donald Trump. She argued such alignment could affect how the Fed uses its authority.

Political Pressure and Nomination Uncertainty 

The hearing unfolded amid broader tensions around monetary policy and leadership control. President Trump has repeatedly criticized current Chair Jerome Powell over interest rates.

Additionally, a Department of Justice probe involving Powell has added pressure to the confirmation process. This issue influenced lawmakers’ positions during the session.

Senator Thom Tillis said he would delay support until the investigation concludes. However, he noted a generally favorable view of Warsh.

Senator Ruben Gallego also questioned Warsh about reports of discussions on rate cuts. Warsh denied any commitments, stating no demands were made.

The hearing continued as lawmakers weighed crypto policy alongside broader concerns over central bank governance.

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RedotPay adds SUI and USDC-Sui, allowing 7M users to transact globally across 130M merchants in over 100 countries.

Native USDC support on Sui improves efficiency, removing reliance on bridged tokens and enabling near-instant settlement.

Integration links blockchain payments with traditional rails, supporting global transfers, payouts, and multi-asset wallet use.

RedotPay has integrated SUI and USDC-Sui into its payment network, allowing over 7 million users to transact globally. The update, announced alongside Sui, expands access across 130 million merchants in over 100 countries. The move enables direct use of Sui-native assets for spending, transfers, and payouts through existing payment rails.

https://twitter.com/AltcoinDaily/status/2046648993619620288?s=20

Integration Expands Global Payment Access

The integration allows RedotPay users to send and spend SUI and USDC-Sui with lower transaction costs. Notably, users can transact across borders while maintaining access to traditional payment systems.

Moreover, the company confirmed support for global payouts through its app. Users can send assets to wallets and receive local currency efficiently. This setup connects blockchain transfers with everyday financial activity.

RedotPay also stated that payments will function across its existing infrastructure. As a result, transactions can move through established merchant networks without additional steps.

Native USDC Support Moves Beyond Bridged Assets

Importantly, RedotPay now supports native USDC on Sui instead of relying on bridged tokens. This shift reduces complexity and improves transaction efficiency across supported markets.

The integration also connects RedotPay to Sui’s dedicated payment infrastructure. Mysten Labs developed this system to handle fast and scalable digital transactions. As a result, users can complete payments with near-instant settlement.

In addition, RedotPay’s multi-currency wallet continues to support assets like BTC, ETH, SOL, and USDT. The inclusion of SUI and USDC-Sui expands this list while maintaining compatibility across networks.

Network Growth and Partner Activity Increase Usage

RedotPay reported over $10 billion in annualized payment volume as of November 2025. The company also confirmed that Aleo, Hyperbeat, and Toku are active within its broader ecosystem.

Hyperbeat has reached over $510,000 in assets under management since April 9, 2026. This activity indicates early adoption within the Amplify-enabled environment.

Jonathan Chan stated the integration aims to expand payment options for users. Meanwhile, Adeniyi Abiodun noted that the system supports faster, everyday transactions across global merchants.

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