Charles Schwab Plans to Introduce Prediction Markets With Cboe for Wagering on the S&P 500's Performance: WSJ

On Monday, World Liberty Financial minted 25 million USD1 stablecoins and burned 3 million through its TokenGovernor contract, managing the fallout from a lending position that trapped depositors on DeFi protocol Dolomite. The mint was funded through BitGo Custody, with smaller test transactions preceding it for wallet verification.

The Bank of Korea is proposing to implement circuit breakers on cryptocurrency exchanges to halt trading during sharp price swings or abnormal orders, following an incident at Bithumb where a massive amount of bitcoin was mistakenly distributed. This recommendation aims to align crypto trading with stock market regulations.

Glassnode reports that the Bitcoin market is experiencing significant profit-taking, with over $20 million worth of BTC being sold per hour. The $70,000–$80,000 range is identified as a persistent distribution zone rather than a battleground of conviction, as rallies above $70,000 are met with immediate supply.

The Aave community has voted in favor of the "Aave Will Win" proposal, redirecting revenue back to the DAO treasury and consolidating economic rights under the AAVE token. This decision marks a significant shift in governance, with the DAO now responsible for funding Aave Labs' activities.

Alameda Research, affiliated with bankrupt FTX exchange, moved $16 million in Solana's SOL token to an address linked to creditor repayments. This action of unstaking involves withdrawing locked-up crypto assets from a proof-of-stake network to earn rewards.

CFTC Chairman Mike Selig emphasized the agency's exclusive regulatory authority over prediction markets, stating that they regulate valid products within CFTC-regulated exchanges. The agency's lawsuits against certain states aim to establish federal oversight in commodity derivatives markets.

Bitget introduced IPO Prime featuring preSPAX, a token linked to SpaceX's future public market performance, offering retail investors a chance to engage with emerging companies early on. The token mirrors SpaceX's post-IPO economic performance without granting equity or voting rights.

Regular Animals, Beeple's robotic dogs, made an appearance in San Francisco, with one resembling Elon Musk. The Node Foundation will host a mid-career survey for Beeple, featuring works like Human One and "Everydays." The Musk-dog drew attention at the San Francisco waterfront, captivating passersby with its unique features.

Exodus, a publicly traded crypto wallet provider, introduced "Exodus Pay" to enable everyday payments within its self-custodial storage app. The feature is currently available in five states, including New York and California, and allows users to spend USD-backed stablecoins or Bitcoin at merchants accepting Visa or Apple Pay.

Zcash (ZEC) has surged nearly 62% in the last week, with odds of reaching $420 in April now at 60%. The recent rise is part of a broader uptrend in the crypto market following the U.S.-Iran ceasefire agreement.