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PA Daily | US-Iran delegations agree to continue talks; US Department of Justice launches compensation process for OneCoin victims

Today's key news highlights:

White House crypto advisor: Other obstacles to the Clarity Act are being gradually cleared

The next round of US-Iran talks may take place in Islamabad on April 16

Believe founder accused in New York of alleged multi-million-dollar rug pull scam

PA Beacon, the Polymarket tracking tool, has launched to monitor smart money and large transactions in real-time

Bitcoin spot ETFs saw a total net outflow of $291 million yesterday, with Fidelity's FBTC leading at a net outflow of $229 million

X's product lead: Crypto industry endures tough year, maybe it's time to launch some products to improve the situation

Hyperliquid generates over $900 million in profits with 11 employees, leading global per capita profitability

Strategy's perpetual preferred stock STRC reached a single-day trading volume of $11 billion, setting a new historical record.

US and Iran delegations to negotiate in Pakistan later this week

The US and Iran delegations will hold talks in Islamabad, Pakistan, later this week

White House crypto advisor: Other obstacles to the Clarity Act are being gradually cleared

Patrick Witt, Executive Director of the White House Presidential Advisory Committee on Digital Assets, stated that a compromise has been reached regarding the stablecoin yield controversy during the advancement of the Digital Asset Market Clarity Act (Clarity Act). Other obstacles are being progressively resolved. Outstanding issues include measures to protect against illicit finance in the decentralized finance sector, as well as demands from Democrats to ban senior government officials, including Trump, from profiting in the crypto industry. Substantial progress has been made in negotiations, with multiple issues nearing resolution

Next round of US-Iran talks may take place in Islamabad on April 16

The next round of direct talks between the US and Iran may be held in Islamabad, the capital of Pakistan, on April 16

Senator Thom Tillis plans to release draft this week to resolve stablecoin yield dispute in the Clarity Act

US Senator Thom Tillis expressed hope to release a draft agreement within the week to address the longstanding dispute over stablecoin yields between banks and crypto companies. Tillis, working with Senator Angela Alsobrooks, drafted provisions in the Clarity Act to clarify whether crypto companies are allowed to pay yields on idle stablecoin balances. The draft has been submitted for review by representatives from both banking and crypto industries and has faced opposition from banks. If discussions proceed smoothly, the draft text may be made public later this week

The US Department of Justice has initiated a compensation process for victims of the OneCoin cryptocurrency Ponzi scheme

The US Department of Justice has initiated a compensation process for victims of the OneCoin cryptocurrency Ponzi scheme, using assets confiscated from individuals associated with the scheme. More than 40 million dollars in seized assets are available to compensate victims who purchased OneCoin between 2014 and 2019 and suffered net losses. Launched in Bulgaria in 2014, OneCoin once became the second-largest cryptocurrency but collapsed due to its tokens having no practical utility. Global investigations revealed that the scheme caused losses exceeding 4 billion dollars for victims worldwide.

The US and Iran have agreed to continue negotiations, but the time and location remain undecided

The US and Iran have agreed to continue negotiations, but disagreements persist over the agenda, objectives, format, and venue for the next round of talks. Iran prefers Islamabad, while the US is considering other options. Pakistan has proposed hosting the second round of talks in Islamabad in the coming days.

Iran: Reports by some Western media on the next round of negotiations are baseless

Hadi Gorriz, press officer at the Iranian Embassy in Pakistan, stated that reports by some Western media regarding the time and location of the next US-Iran negotiations are baseless. The next round of negotiations could occur at any time and place, with no official information currently available.

ECB supports tokenized EU capital markets but imposes strict regulatory measures

The European Central Bank stated that tokenization technology can only enhance the efficiency of EU capital markets if anchored to central bank money, maintaining interoperable infrastructure, robust regulation, and support. Distributed Ledger Technology (DLT) can help deepen the EU's savings and investment union, but the benefits depend on interoperable infrastructure and policymakers' ability to manage new risks. Efficiency gains require avoiding fragmentation from incompatible platforms and ensuring settlements in tokenized markets can use central bank money. Early evidence suggests tokenized bonds may reduce borrowing costs and narrow bid-ask spreads, but benefits remain tentative and conditional, with technological, legal, and liquidity risks still present.

The US considers preparing for a second round of face-to-face negotiations, potentially extending the ceasefire deadline

Within the Trump administration, discussions are underway about arranging specific details for a second round of face-to-face talks with Iranian officials before the US-Iran ceasefire expires next week. However, whether such a meeting will take place remains uncertain. If progress is made in the coming days, officials are exploring potential dates and locations for the talks, with Geneva and Islamabad listed as possible venues. Depending on the pace of negotiation progress in the coming days, the US and Iran might extend the ceasefire deadline to gain more time.

The U.S. SEC issues regulatory guidance exempting self-custody wallet interfaces for crypto securities.

The Trading and Markets Division of the US Securities and Exchange Commission (SEC) issued a staff statement indicating that under certain conditions, service providers offering self-custodial wallets with front-end interfaces may operate without registering as brokers. If interface providers do not actively solicit investors, guide routing choices through statements like 'best price,' and establish appropriate policies and procedures for analyzing trading venues, enforcement actions will not object to their operation as non-broker entities. This document reflects an interim staff position and does not constitute a formal rule.

US lawmakers pass revised bill in renewed attempt to adjust cryptocurrency tax policies

US Representatives Steven Horsford and Max Miller reintroduced the Digital Asset Protection, Regulation, Innovation, Taxation, and Yield Act (PARITY Act), aiming to revise how the IRS handles crypto taxation. The bill eliminates the previous $200 threshold for small transactions, stipulates that when using regulated payment stablecoins, no gain or loss is recognized unless the taxpayer's cost basis of holding the stablecoin is less than 99% of its redemption value, and sets a deemed cost basis of $1 for conversion transactions. The bill also applies wash sale rules to digital asset transactions and distinguishes between passive staking and activities such as trading.

Iranian Ministry of Defense Spokesperson: Any foreign military intervention in the Strait of Hormuz will exacerbate the crisis.

The spokesperson for Iran's Ministry of Defense stated that any foreign military intervention in the Strait of Hormuz will exacerbate the crisis and undermine the stability of global energy security. Any military attempts by President Trump to interfere in the Strait of Hormuz and the Sea of Oman will fail.

PA Beacon, the Polymarket tracking tool, has launched to monitor smart money and large transactions in real-time

Predictive market tracking tool PA Beacon officially launched, providing smart money insights and real-time alerts for Polymarket. It screens candidate pools, profiles addresses, generates leaderboards, and monitors fund behavior signals at minute-level intervals. Currently, it features four smart money leaderboards: Small-Cap Power Rankings, Steady Profit Rankings, Active Alpha Rankings, and High Success Rate Rankings, updated every six hours. Additionally, two minute-level monitoring streams are operational: Watchlist for key addresses and Large Transaction Radar covering all single trades above $20,000. As of April 14, it has completed 101 rounds of leaderboard generation, indexed 389 unique smart money addresses, produced 3,760 trading alerts covering over $8.56 million in trading volume, and captured 1,034 large transactions via the Large Transaction Radar, covering 481 unique addresses with a cumulative total of $59.5 million.

Upbit to list ZAMA token on KRW, BTC, and USDT markets

South Korean crypto exchange Upbit to list ZAMA token on KRW, BTC, and USDT markets

Upbit to list CC token on KRW, BTC, and USDT markets

South Korean crypto exchange Upbit to list CC token on KRW, BTC, and USDT markets

Circle founder confirms Arc Network will issue a token, with more details to be disclosed later

Circle founder and CEO Jeremy Allaire revealed that Circle is exploring issuing a token for its under-development stablecoin payment blockchain, Arc Network, aiming to achieve governance, incentives, and economic alignment, while transitioning to a PoS system. More details will be announced in the near future.

Binance to add observation tags for multiple tokens including FARM and HIGH, and remove the seed tag from XAUT

Binance will add watch tags for more tokens on April 14, 2026, including Harvest Finance (FARM), Highstreet (HIGH), Enzyme (MLN), Resolv (RESOLV), Syscoin (SYS), TrueFi (TRU), and Velodrome Finance (VELODROME), while removing the seed tag from Tether Gold (XAUT).

Squads warns of address poisoning attack risks, stating no funds were compromised and that a whitelist mechanism will be launched.

Squads, a multi-signature protocol in the Solana ecosystem, has identified address poisoning attacks targeting users. However, there is currently no evidence of any user being affected. Attackers programmatically create new multi-signature accounts with existing users as members using publicly available public keys on-chain, generating public keys whose first and last characters match those of the users' real multi-signature addresses to conduct social engineering attacks. Squads emphasized that this is not a protocol vulnerability, as attackers cannot access user funds or modify existing multi-signature accounts. Users should ignore any multi-signature accounts they did not create or were not added by their team, and verify addresses thoroughly. Squads will roll out an attack warning banner and alerts within two hours and introduce a whitelist mechanism in the coming days.

Scroll proposes to dissolve the Security Council, transferring protocol governance to a multi-signature address.

Scroll announced a significant proposal regarding Scroll protocol and governance operations. The team proposed dissolving the Security Council and transferring protocol management permissions to the Scroll Admin multi-signature address, with the transition expected to be completed within the next ten days. The cost of maintaining the Security Council is no longer justified relative to its actual use over the past few quarters, and resources should be better allocated toward product development and growth. Scroll will collaborate with key stakeholders to explore a new structure for the Security Council.

Binance will delist UTK and support its brand upgrade and airdrop plan on Binance Alpha.

Binance will delist Utrust (UTK) from the spot market, supporting the project's brand upgrade to xMoney (XMN), which will be listed on Binance Alpha. Token swaps are offered in two options: Option 1 (no lock-up) at 3 UTK = 1 XMN; Option 2 (6-month lock-up) at 1 UTK = 1 XMN. Binance users can swap according to the project announcement. Deposits of UTK tokens after 10:00 on April 14, 2026, will not be credited. If users do not withdraw UTK before 22:30, Binance will automatically swap them under Option 1. For the airdrop, eligible users holding every 3 UTK tokens will receive 2 XMN tokens, distributed to their Binance Alpha account or spot account.

Genius has opened its airdrop claim and released a whitepaper and roadmap, stating that tokens held by team members and investors will be locked for at least one year.

Genius, a Perp DEX trading terminal supported by YZi Labs, has opened its airdrop claims, stating that Shuttle Labs team and investor tokens will be locked for at least one year. Genius released its whitepaper and roadmap, aiming to build a unified on-chain trading interface layer offering execution quality and user experience comparable to centralized exchanges. The roadmap includes the Ghost Mode privacy layer, launching GeniusFi (PropAMM) on BNB Chain, and introducing BNB binary options. Previously, Genius added a refund feature to its airdrop plan, allowing users to choose to burn all GENIUS airdrop shares for a net fee refund within 48 hours after TGE.

DownDetector: User reports indicate issues with Claude services.

DownDetector, a network status monitoring website, shows user reports indicating issues with Claude services.

The founder of Believe was charged in New York over an alleged multi-million-dollar rug pull scam.

Pasternak, the founder of Solana ecosystem application Believe and a Sydney-based entrepreneur, faces charges in a New York court over alleged involvement in a crypto rug pull scam that caused millions of dollars in losses.

Head of Product for X: Crypto industry has had a tough year, perhaps it's time to launch some products to improve the situation

Nikita Bier, Head of Product for X platform, stated that the crypto industry has experienced a difficult year and perhaps it's time to introduce products to improve the current state.

Yi Lihua: Continued optimism on the rebound due to Iran's concessions; altcoins plus futures contracts are a guaranteed losing game.

Jack Yi (Yi Lihua), founder of Liquid Capital, indicated that as Iran is willing to give up enriched uranium as a compromise to end the war, progress towards a full resolution is advancing. He remains optimistic about the current rebound, unless fighting resumes. He also highlighted that altcoins are inherently high-risk, and adding leverage makes it a sure losing game.

Bitcoin spot ETFs saw a total net outflow of $291 million yesterday, with Fidelity's FBTC leading at a net outflow of $229 million

Bitcoin spot ETFs saw total net outflows of $291 million. The largest single-day net inflow was for Blackrock's ETF IBIT, with a net inflow of $34.70 million, bringing its historical total net inflow to $63.76 billion. Following this was Bitwise's ETF BITB, with a net inflow of $11.88 million, reaching a total historical net inflow of $2.10 billion. The largest single-day net outflow was for Fidelity's ETF FBTC, with a net outflow of $229 million and a total historical net inflow of $10.88 billion. As of press time, the total net asset value of Bitcoin spot ETFs stood at $94.51 billion, with an ETF net asset ratio of 6.45% and cumulative historical net inflows of $56.45 billion.

Hyperliquid generates over $900 million in profits with 11 employees, leading globally in per-capita profitability

Hyperliquid, founded by Jeffrey Yan, generated over $900 million in profits with just 11 employees, making it one of the startups with the highest per-capita profit globally.

Strategy's perpetual preferred stock STRC reached a single-day trading volume of $11 billion, setting a new historical record.

The perpetual preferred stock STRC issued by Strategy achieved a single-day trading volume of $11 billion, marking a new all-time high, representing a 46.5% increase from the previous peak.

The suspected controlling addresses of Binance Life collectively hold 146.7 million tokens, representing 14.67% of the total supply

The suspected controlling addresses of Binance Life hold 146.7 million Binance Life tokens on-chain, accounting for 14.67% of the total supply, valued at $39.80 million. Following the withdrawal of 87.85 million Binance Life tokens by the suspected controller through nine wallets from Binance yesterday, Binance Life surged by 59%.

Smart traders with cumulative profits exceeding $34 million are currently shorting BTC and ETH, achieving a win rate of 91% over the past eight months

Smart trader 58bro.eth, with cumulative profits exceeding $34 million, is currently shorting BTC and ETH. Over the past eight months, 58bro.eth completed 67 trades on Hyperliquid with a win rate of 91%. The current position consists of 175 BTC ($13 million) and 5,300 ETH ($12.55 million).

Strategy spent $1 billion last week purchasing 13,927 Bitcoin, bringing its total holdings to over 780,000 BTC.

Strategy purchased 13,927 Bitcoin for approximately $1 billion between April 6 and 12, at an average price of about $71,902. The year-to-date return on BTC is 5.6%. As of April 12, the company holds a total of 780,897 Bitcoin, with a total cost of approximately $59.02 billion and an average cost of about $75,577.

Bitmine Immersion Technologies spent $156 million last week to increase its holdings by 71,524 ETH, bringing its total position to over 4.87 million ETH, exceeding 4% of the total supply.

Bitmine Immersion Technologies announced that its Ethereum holdings have reached 4,874,858 (approximately $10.66 billion), accounting for about 4.04% of the total Ethereum supply. Last week, the company added 71,524 Ethereum (approximately $156 million) to its holdings. Currently, around 3.33 million Ethereum are staked, generating an annualized staking income of approximately $212 million. The company's total crypto assets, cash, and investments amount to $11.8 billion, and it plans to achieve a 5% Ethereum supply target.

Ten major target whales have already cut their losses, resulting in a loss of approximately $5 million in this round.

When Bitcoin's price reached $74,900, the whale @Jason60704294 cut losses, resulting in a loss of approximately $5 million in this round. The whale stopped out 2,567.49 Bitcoin shorts at $73,500, losing about $5 million, while the ETH stop-loss level remains unknown. He stated that his original plan was targeting $60,000, which made the risk-reward ratio worthwhile, but geopolitical news had too much impact. Previously, this address had gained $21.76 million in mid-March, and overall, the three trades conducted in April so far have broken even.

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