Market & Trading
Bitcoin falls back to $75,000 as renewed tensions in the Strait of Hormuz spark
market-wide risk-off sentiment
Regulation & Policy
Hong Kong SFC to announce framework for tokenized asset trading on licensed
platforms this afternoon
Russia moves to criminalize unlicensed crypto trading with potential sentences
of up to 7 years of hard labor
Hong Kong Treasury eyes 2026 for new digital asset custody and trading services
legislative bill
China’s first “Financial Law” draft concludes public comment period, seeking
expanded powers to freeze illegal funds
Institutional & Corporate Developments
Binance Co-CEO Yi He targets 3 billion users, aiming to build a unified platform
for Web3 and traditional finance
Polymarket in talks for $400 million funding round at a $150 billion valuation
to expand prediction markets
Alibaba's HappyHorse AI video generation tool to open API testing on April 27,
commercial launch set for May
Crypto Flows & Holdings
Spot Bitcoin ETFs record $996 million net inflow last week, marking three
consecutive weeks of positive growth
Ethereum Spot ETFs see $276 million weekly net inflow, led by Fidelity’s FETH
with $126 million
