The EU proposes a comprehensive ban on all cryptocurrency transactions with Russia

Scott Bessent Backs Clarity Act as National Security Priority

Scott Bessent has stepped into the crypto debate with a strong message. He says the Digital Asset Market Clarity Act is not just about finance. Instead, he calls it a matter of national security. In a recent opinion piece published by The Wall Street Journal, Bessent urged lawmakers to act fast. He

Gate Daily Report (April 10): U.S. Treasury Secretary supports sending the “CLARITY Act” to President Trump; WLFI’s $75 million stablecoin-backed loan sparks panic

Bitcoin surged in the short term to $71,830 before pulling back. U.S. Treasury Secretary Bessent advancing the “CLARITY Act” faces challenges that could affect stablecoin legislation. WLFI borrowed $75 million in stablecoins, raising liquidation risk. U.S. stocks rose on expectations of peace talks, and market sentiment is optimistic, but liquidity in capital flows still needs improvement.

The U.S. Department of the Treasury expands cyber security intelligence, and encrypted companies receive traditional finance–level protection

The U.S. Department of the Treasury expands its Cybersecurity Threat Identification Program, providing free threat intelligence services for blockchain companies to address the cybersecurity challenges facing the digital asset industry. A series of recent attack incidents, especially cases involving North Korean infiltration, have highlighted the risks to the crypto industry, prompting the government to incorporate it into its financial infrastructure protection framework to improve security defenses.

Insider Trading Suspicion! The White House Bans Staff From Participating in Prediction Market Betting

The White House Office of Management issued a warning on March 23, banning employees from using nonpublic information to participate in prediction markets, saying this constitutes a criminal offense. The report said that 15 minutes before Trump announced a pause in airstrikes against Iran, oil futures saw unusual trading, and three Polymarket accounts earned more than 600k yuan by accurately predicting outcomes, raising concerns about insider trading. The White House emphasized that this behavior violates ethical standards and said there is no specific evidence yet pointing to any individuals who broke the rules.

Covenant AI announces its exit from the Bittensor network, questioning its governance being centralized.

Covenant AI announced that it is exiting the Bittensor network, questioning the authenticity of its decentralized governance structure and believing that decision-making power is centralized and lacks transparency. In recent subnet operations, it encountered improper behavior such as adjustments to management privileges. It believes this is inconsistent with the principles of decentralization. Covenant AI will continue to push forward in the direction of decentralized AI training.

The White House warns employees not to use policy insider information to place bets on prediction markets

The White House warns staff not to use their positions to bet in prediction markets, especially by engaging in unusual trading activity before policies suddenly change. Accounts that have already profited more than $600k through prediction have drawn criticism, and critics suspect that someone used insider information to profit. The White House confirmed the authenticity of the warning.