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PA Daily | Binance HODLer Airdrop Launches USD.AI (CHIP); Bitcoin Spot ETF Sees Net Outflow of $263 Million, Ending 9-Day Inflow Streak

Key news highlights for today:

The US SEC is seeking public comment on NYSE Arca's 85% asset rule proposal, which could impact the listing structure of crypto ETFs

Binance HODLer Airdrop launches its 63rd project, USD.AI (CHIP)

DeFi United releases technical implementation plan to restore rsETH collateral support for KelpDAO

Block released proof of reserves, verifying the company’s Bitcoin holdings at approximately $2.2 billion.

The ban on cryptocurrency kiosks in Tennessee, USA, will take effect on July 1.

Russia’s government commission approves a proposal to tax cryptocurrency trading income

OpenAI may be developing a smartphone that replaces traditional apps with AI agents.

Bitcoin spot ETFs recorded total net outflows of $263 million yesterday, ending nine consecutive days of net inflows

Reports suggest Meta is preparing to withdraw from its acquisition of Manus

According to sources, after China’s National Development and Reform Commission legally prohibited foreign acquisition of the Manus project, Meta began preparing to withdraw from the deal. If it proceeds, previous Asian investors in Manus, including Tencent, Sequoia China, and ZhenFund, are planning to cooperate. Previously, the National Development and Reform Commission announced a legal decision to prohibit investment in the Manus project

The US SEC is seeking public comment on NYSE Arca's 85% asset rule proposal, which could impact the listing structure of crypto ETFs

The US SEC is seeking public comments on a proposed rule change by NYSE Arca. The proposal requires that at least 85% of assets in commodity trust shares meet existing eligibility standards, with derivatives calculated based on their notional value. Eligible assets include Bitcoin, Ethereum, Solana, XRP, and others with futures traded for at least six months and significant exposure through ETFs; NFTs and collectibles are excluded. If a trust holds Bitcoin and over-the-counter call options on Bitcoin ETFs, only 71% of the exposure meets the requirements. The SEC can approve, reject, or initiate proceedings during the review period

The ban on cryptocurrency kiosks in Tennessee, USA, will take effect on July 1.

The Russian government committee has approved a proposal to impose taxes on cryptocurrency trading income

Japan's Financial Services Agency has classified the Japanese yen stablecoin issuer JPYC as a 'money transfer operator'

Trump said a few days ago that he 'does not like' prediction markets, but recently changed his stance, saying it cannot be avoided

Last Thursday, Trump expressed 'dissatisfaction' with prediction markets, stating that 'the whole world has turned into a casino.' However, last Saturday in Florida, he noted that many countries are involved in prediction markets and if the US does not participate, it will be 'left out.' Donald Trump Jr., Trump’s son, has invested in Polymarket and serves as an advisor, while also advising Kalshi. Trump Media Group announced last October a partnership with Crypto.com to launch prediction markets on Truth Social.

Multiple Japanese government departments have jointly issued guidelines clarifying the rules for using cryptocurrencies in real estate transactions, strengthening anti-money laundering obligations

Japan's Ministry of Land, Infrastructure, Transport and Tourism, Financial Services Agency, National Police Agency, and Ministry of Finance jointly issued a document requiring real estate operators to be aware that converting cryptocurrencies into fiat currency or intermediating such conversions may constitute a crypto asset trading business, and operating without registration would violate the Payment Services Act. Suspicious unlicensed operations should be reported to the police. Strict anti-money laundering obligations must be followed when accepting cryptocurrency payments, including submitting suspicious transaction reports. Persons receiving cryptocurrency equivalent to over 30 million yen from overseas, as well as non-residents acquiring domestic real estate, must submit relevant reports.

The Political Bureau of the Central Committee of the Communist Party of China: Fully implement the 'Artificial Intelligence+' initiative, developing new forms of intelligent economy

The US crypto bill, the Clarity Act, faces a time window of about 10 weeks, with the August deadline approaching

The US Senate Banking Committee is expected to review the Clarity Act in May; the CEO of the Crypto Council for Innovation stated that only about 9 to 10 weeks remain for actual deliberation. The bill was postponed in January due to a lack of critical industry support, and Senator Thom Tillis requested more time to submit a compromise proposal. Senator Cynthia Lummis indicated that the bill will be reviewed in May, possibly the week of May 11. If issues like stablecoin yields are resolved, the bill may advance in the committee.

Chairs of the U.S. SEC and CFTC signal: A 'new day' for domestic U.S. crypto, tokenization, and forward-looking regulations.

The White House crypto advisor hinted at a 'major announcement' regarding Trump's strategic Bitcoin reserve in the coming weeks

US Acting Attorney General: Developers who do not assist in crimes will not be prosecuted.

Acting US Attorney General Todd Blanche stated at the Bitcoin 2026 conference that developers who do not assist third parties in committing crimes using their developed software will not be investigated or prosecuted. The Department of Justice has 'fundamentally changed the rules of the game,' though sanctions evasion and money laundering remain significant concerns. FBI Director Kash Patel emphasized a focus on 'pig butchering' scams and plans to visit Cambodia, Myanmar, and Thailand this summer.

US Representative Begich plans to rename and reintroduce the Bitcoin Strategic Reserve Act, legislating Trump's executive order.

Binance HODLer Airdrop launches the 63rd project, USD.AI (CHIP)

Binance HODLer Airdrop launches the 63rd project, USD.AI (CHIP), a permissionless lending protocol built specifically for financing AI infrastructure. It allows GPU operators to tokenize hardware as collateral and receive instant financing. From March 13 to March 16, 2026, users who subscribe to principal-protected or on-chain earning products using BNB will be eligible for an airdrop allocation. The total supply of CHIP is 10 billion tokens, with 25 million allocated for the HODLer airdrop, and a circulating supply of 2 billion tokens at launch.

DeFi United releases technical implementation plan to restore KelpDAO rsETH collateral support

DeFi United has released a technical implementation plan to restore KelpDAO rsETH collateral support. It consists of two parallel parts: raising the required ETH and injecting it in batches into the bridge lock-up contract to restore rsETH to its nominal exchange rate of 1.07 ETH; temporarily adjusting the rsETH oracle price via governance proposal to liquidate approximately 107,000 rsETH positions held by attackers on Aave and Compound, recovering funds to fill the shortfall. Approximately 16,800 ETH is expected to be recovered from Compound. During the cleanup period, WETH and rsETH will be frozen across multiple chains and restored after adjustments are reverted post-recovery.

OpenAI may be developing a smartphone that replaces traditional apps with AI agents.

Ming-Chi Kuo stated that OpenAI is collaborating with MediaTek, Qualcomm, and Luxshare Precision to develop a smartphone. The chip is jointly designed by OpenAI, MediaTek, and Qualcomm, with Luxshare Precision serving as the co-design and manufacturing partner. This phone may replace traditional apps with AI agents, combining small on-device models with cloud-based models to process requests. Specifications and suppliers are expected to be finalized by the end of 2026 or in the first quarter of 2027, with mass production anticipated to start in 2028.

Ondo Finance adds proxy voting functionality for tokenized stockholders

Ondo Finance has partnered with Broadridge to add proxy voting functionality for holders of more than 250 tokenized securities available on its platform. Investors can use their crypto wallets to log in to Broadridge's ProxyVote system to review company documents and submit voting preferences. Ondo can adopt these preferences when voting on the shares it holds.

Monad's official X account has been suspended

According to CoinGecko monitoring, Monad, an L1 blockchain project, had its official X account (@Monad) banned for nearly four hours.

Injective mainnet upgrade proposal approved, scheduled for implementation on April 28

The Injective mainnet upgrade proposal has been officially approved, which will optimize network technical performance, enhance on-chain modules, and improve the INJ token buyback mechanism. The mainnet upgrade is scheduled for April 28.

An address turned $141.5 into $77,500 by trading the meme coin SCAM, achieving a return rate of 54,661%.

The address 9Dq1k…JEvCp bought 10.46 million tokens 90 seconds after SCAM was deployed, spending 1.7 SOL ($141.5), with an average cost of $0.00001352 per token. Over the past 10 hours, 55.5% of the holdings were sold at an average price of $0.00453, generating a profit of $26,000, while the remaining holdings have unrealized profits of $51,400, resulting in a total return rate of 54,661%.

Porvenir, Colombia’s largest pension fund manager, has launched a crypto investment portfolio.

Porvenir, Colombia’s largest pension fund manager, has launched a crypto investment portfolio, allowing members to gain indirect Bitcoin price exposure through a regulated mechanism. The product operates by investing in Blackrock's Bitcoin ETF IBIT, with a minimum investment of 100,000 Colombian pesos (approximately $25). It targets savers aged 18 to 45 within the voluntary pension system. Users are required to undergo mandatory personalized consultations.

Block has launched the Bitkey wallet with a touch screen, and Cash App has added an automatic Bitcoin earning feature.

Block has launched the new Bitkey hardware wallet with a secure touch screen, featuring a 2-of-3 multi-signature architecture, no seed phrase, and built-in inheritance planning functionality, now available for pre-order. Cash App allows users to automatically convert received peer-to-peer payments into Bitcoin, offering 5% Bitcoin cashback on Square merchant purchases. Withdrawal limits have increased to $10,000 per day and $25,000 per week, with all fees waived for purchases over $2,000. Square merchants will support NFC tap-to-pay Bitcoin transactions, settled near-instantly via the Lightning Network, with no processing fees until the end of 2026.

Solana developers outline plans to protect the network from quantum threats

The Solana Foundation announced that core development teams Anza and Jump Crypto’s Firedancer have agreed on a quantum-resistant solution, adopting the Falcon digital signature scheme, with early versions already under construction. Quantum threats remain years away from becoming a reality, and migration plans have been thoroughly researched. Solana has proposed a phased roadmap: continue studying Falcon and alternative solutions, introduce post-quantum solutions for new wallets if necessary, and eventually migrate existing wallets.

Former DeepMind researcher raises $1.1 billion in seed funding for AI company

A former DeepMind researcher has raised $1.1 billion in seed funding for their artificial intelligence startup.

Arthur Hayes: Bitcoin is expected to continue its upward trend, with a year-end target price of approximately $125,000

Arthur Hayes, co-founder of BitMEX, stated at the Bitcoin 2026 conference that AI will replace a large number of knowledge workers, potentially causing hundreds of billions of dollars in credit losses to the banking system, akin to a 'new subprime crisis.' However, as the U.S. enters a wartime state, the new defense budget increases by approximately 50% to $1.5 trillion. Instead of cutting expenditures, the government will print substantial amounts of money. The enhanced supplementary leverage ratio regulation allows banks to hold fewer reserves and more Treasury bonds, with S&P Global estimating the release of approximately $1.3 trillion in new lending capacity, creating about $4 trillion in credit through a monetary multiplier effect of around 3. Fed Chair nominee Warsh will reduce the balance sheet while loosening bank regulations, shifting the currency creation focus from central banks to commercial banks. Newly created credit will surpass the credit disrupted by AI, driving Bitcoin higher, with a year-end target price of approximately $125,000.

ZachXBT questioned WorldCoin: Low circulation but high valuation for WLD issuance, with insiders selling off via over-the-counter transactions.

On-chain detective ZachXBT posted that Sam Altman's other company, WorldCoin, launched the WLD token with low circulation and high valuation, similar to SBF and FTX. The company distributed small amounts of WLD to people in low-income countries in exchange for biometric data, leading to black market trading of verified accounts. The token supply is inflating at an unsustainable rate, and insiders regularly sell their holdings through over-the-counter transactions.

Tornado Cash developer Storm’s lawyer stated that remarks by the US Acting Attorney General brought no hope to the case.

Storm’s lawyer, Keri Curtis Axel, stated that Acting Attorney General Blanche’s comments at the Bitcoin conference did not bring hope to the case. While the Department of Justice continues prosecuting Storm, they claim a game-changing approach, which is not credible. Previously, the Acting Attorney General said developers who do not assist in crimes would not be prosecuted.

Bitcoin spot ETFs saw a total net outflow of $263 million yesterday, ending nine consecutive days of net inflows.

Yesterday (Eastern Time, April 27), Bitcoin spot ETFs had a total net outflow of $263 million. The largest single-day net outflow was from Fidelity's FBTC, with a net outflow of $150 million and historical total net inflows of $10.883 billion. Next was Grayscale's GBTC, with a net outflow of $46.6259 million and historical total net outflows of $26.262 billion. Total net asset value of Bitcoin spot ETFs stands at $101.234 billion, with a net asset ratio of 6.57%, and cumulative historical net inflows of $58.301 billion.

Block released proof of reserves, verifying the company’s Bitcoin holdings at approximately $2.2 billion.

Jack Dorsey's payment company Block released its proof of reserves, showing that as of the end of the first quarter of 2026, it holds a total of 28,355.05 Bitcoins, valued at approximately $2.2 billion. Of this, customer holdings amount to 19,357.16 Bitcoins (about $1.5 billion), while the company treasury holds 8,997.89 Bitcoins (approximately $696 million).

A whale account dormant for ten months withdrew 300 BTC from Binance, increasing its total holdings to 718 BTC.

Machi (Huang Li-Cheng)'s long position worth US$79.16 million has turned from profit to loss, after previously floating a profit of over US$2.7 million.

Two Galaxy Digital-linked wallets deposited a total of 45,000 ETH, worth approximately $104 million, into centralized exchanges over the past 15 hours.

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