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X Product Manager Nikita Bier stated that the X platform has reduced the aggregated account quota for this cycle to 60% of the original, and will deduct an additional 20% in the next cycle; in the future, accounts that frequently post misleading content such as "BREAKING" will face long-term reductions.

Wu Says Project Weekly Highlights: Ethereum stablecoin supply hits a new all-time high; Polygon plans to raise $100 million to expand stablecoin payments; Across transitions to a U.S. company; Circle L1 chain Arc releases a quantum-resistant design and roadmap.

"Circle: More Stable Chassis, Valuation Still Not Sexy Enough" (Author: Jiami Shidi @oyoovi)
The author believes that when CRCL approaches $90, the market has already priced in optimistic expectations such as the continuous expansion of USDC, manageable downward pressure on interest rates, and channel revenue sharing not further eroding profits.
The article points out that Circle's foundation is indeed more stable than in the previous cycle, with significant improvements in USDC transparency, institutional acceptance, and resilience in a bear market, but the company's current 96% of revenu

According to the Bangkok Post, Thai police arrested a German national hacker who faces a total of 74 cybercrime-related warrants issued by Germany and the European Union. The public summary indicates that the case involves cyber extortion, hacking, and a DDoS-for-hire and "cybercrime-as-a-service" model targeting global clients. The related platform allows customers to launch DDoS attacks worldwide, causing victims' computer systems and websites to crash and become inaccessible; the ransom payments are made in cryptocurrencies and other digital currencies, thus being identified as transnationa

Wu Shuo learned that World Liberty Financial (WLF) co-founder Zach Witkoff issued a statement in response to Peter Girnus's allegations, stating that the content is seriously inconsistent with the facts and that there is no connection between the two parties. Zach Witkoff emphasized that WLF has no relationship with "Trump Meme Coin" and CIC Digital, and that the project's main product is a stablecoin rather than a Meme Coin, and does not profit from transaction fees. Regarding the price, he stated that WLFI's current price of $0.08 is still higher than the early costs of $0.015 to $0.05, and

Wu Says learned from XWIN Research Japan’s analysis that in March 2026, the US CPI rose year over year to 3.3%, with inflation picking up again, which is also changing the market’s understanding of BTC pricing. However, the institution believes that this round of inflation is more like being driven by supply-side shocks such as rising oil prices and supply chain disruptions, rather than overheating demand.
In this environment, BTC can no longer be simply seen as an inflation-hedge tool; its price is more affected by changes in real interest rates, the US dollar, liquidity, and overall demand.

Wu said that the Kenyan Ministry of Finance officially announced that the public consultation process for the "2026 Virtual Asset Service Provider (VASP) Regulatory Regulations Draft" has been completed.
The regulation will formally bring the "2025 VASP Act" into the operational phase, establishing a legal framework covering licensing, AML/CFT, customer asset segregation, and market surveillance, and introducing minimum capital requirements, cybersecurity audits, and mandatory insurance requirements.
Next, the Ministry of Finance will compile feedback from stakeholders and finalize the det

Wu said that the latest development brief released by the Ethereum Foundation, "Checkpoint #9," disclosed that the Glamsterdam upgrade has been delayed due to the high difficulty of implementing ePBS (protocol-internal PBS), and overall progress has been pushed back. Developers expect to launch the first broad development network next week. The subsequent Hegotá upgrade has confirmed that FOCIL (EIP-7805) will be the top feature of the consensus layer, and proposals for non-headlining features have been open since April 9. Additionally, the testnet is continuously validating the 60M gas limit

Wu said that, according to an official post from Aave, due to multiple assets reaching their capacity limits, Aave V4 has increased the deposit limits for relevant assets to further absorb market liquidity. In the future, based on actual filling conditions, the supply and borrowing limits will continue to be gradually raised.

The Argentine National Securities Commission (CNV) issued General Resolution No. 1125/2026, officially allowing virtual assets to be included in an individual’s net worth in order to determine whether they meet the “qualified investor” standard. The new rules define virtual assets as digital representations of value that can be traded, transferred, and used for payments or investment—meaning that assets such as Bitcoin, stablecoins, and others can now be used to offset the approximately $479,000 qualified investor entry threshold. Although the crypto-related banking ban introduced in 2022 has

Wu said that, according to Alphractal CEO Joao Wedson's statement, their monitoring system shows that whale activity in the crypto market significantly increased over the weekend, with trading volume surging from multiple exchanges, mainly concentrated in the derivatives market. Their servers processed over 600k transactions in less than 15 seconds, setting a weekly peak record, and related trading activity experienced a sharp spike in a short period.

Wang Yongli's View: A Dialectical Perspective on U.S. Cryptocurrency Asset Policies (Author: Wang Yongli)
Former Vice President of the Bank of China Wang Yongli pointed out that based on the GENIUS Act, the U.S. has promoted the SEC and CFTC to jointly clarify the five major categories of crypto assets and their regulatory authorities, which indeed ends the long-standing regulatory conflicts, provides clearer legal boundaries, and has certain reference significance.
But the core reminder is that countries should not simply view the U.S. framework as a universal template: the fundamental go

"A Dialectical View of the United States' Cryptocurrency Asset Policy" (Author: Wang Yongli) Former Vice President of the Bank of China Wang Yongli pointed out that based on the GENIUS Act, the U.S. has promoted the SEC and CFTC to jointly clarify the five categories of crypto assets and their regulatory authorities, which indeed ends long-standing regulatory conflicts, provides clearer legal boundaries, and has certain reference value.
But its core reminder is that countries should not simply regard the U.S. framework as a universal template: the fundamental goal of the U.S. in promoting st

According to Decrypt, Amy Oldenburg, Morgan Stanley’s Digital Assets head, said that after the Bitcoin ETF, it will continue to expand its crypto business. In addition to the Ethereum and Solana ETFs already filed, it is considering launching tokenized money market funds (RWA) and using its subsidiary Parametric to explore tax-efficient solutions for digital assets. In addition, Morgan Stanley also confirmed that it will work with Zerohash to provide crypto trading via E*TRADE and explore Bitcoin yield and lending services.

Wu said that, according to Token Terminal data, Morpho borrowers have paid approximately $170 million in interest over the past year. Based on a 10% fee share, Morpho DAO’s annualized revenue is about $17 million, corresponding to an implied valuation of about $1.7 billion. Meanwhile, it is reported that Aave’s current annualized revenue is about $140 million, corresponding to an implied valuation of about $1.5 billion.

According to the Chainalysis report, the adjusted real economic transaction volume of stablecoins is expected to grow from $28 trillion in 2025 to $71.9 trillion in 2035. If macro catalytic factors are added, it could approach $1.5 quadrillion. The report points out that starting from 2028, approximately $100 trillion will be transferred globally from the older generation to the younger generation, and because Millennials and Generation Z have a very high acceptance of cryptocurrencies, this will become the primary driver of stablecoin explosion. Additionally, as stablecoins become more widesp

Wu said that, according to Lookonchain monitoring, trader 0x082e opened a 5x long position on 1.38 million HYPE tokens at $38.68 four months ago, with a position size of approximately $58.4 million, becoming one of the largest on-chain HYPE longs. The latest data shows that this position's unrealized profit has exceeded $5 million, but during this period, over $2 million in funding fees have also been paid.

Lawyer: Family Members Detained for "Virtual Currency Pyramid Scheme" — What Does It Really Mean? (Author: Lawyer Shao Shiwei)
This article analyzes a programmer's job search case to reveal that the so-called Web3 "wallet + marketplace + self-issued tokens" is actually a pyramid scheme in disguise: inflated product prices, locked-in rebates, recruitment-based commissions, manual withdrawals, and inability to circulate outside the platform form a pyramid trap;
Lawyers warn technical personnel to be cautious about participating in invitation rebates, unlocking, and review logic, as code itse

"Advances in Quantum Technology: An Opportunity for the Encryption Industry?" (Written by Sean Stein Smith, translated by Saoirse, Foresight News)
Risks are no longer just about "whether quantum computers will appear," but whether existing systems can be migrated quickly enough to post-quantum encryption systems;
Estimates suggest that "quantum nodes" may arrive as early as 2029, leaving the industry with a shorter time window to respond than most financial infrastructure upgrade cycles;
Investors often price in these structural risks before they fully materialize, which means capital wi