Hasset: Now is the time for Powell to leave the Federal Reserve
On April 30, Kevin Hassett, Director of the White House National Economic Council, stated: “Fed Chair Powell’s potential reappointment to the Federal Reserve Board could impact rate cuts. We are not attacking the Fed’s independence. Now is the time for Powell to leave the Federal Reserve.”
He also noted that today’s released GDP data showed strong performance. Walsh made no assurances and will base decisions on the data.
[PANews]
Syndicate Labs suffered a private key leakage attack, and the cross-chain bridge was maliciously upgraded, resulting in the transfer of approximately 18.50 million SYND.
Syndicate Labs disclosed that it suffered a security incident: attackers invaded the system through private key leakage and maliciously upgraded the cross-chain bridge contract on two chains, resulting in the transfer of approximately 18.50 million SYND and approximately $50,000.00 in user assets. The attack originated from the intrusion of the development endpoint, and the attacker used production environment permissions to upgrade the bridge contract to a malicious version, but other chains were not affected.
The losses include: approximately 18.50 million SYND from the Commons bridge were transferred and sold, worth approximately $330,000.00; approximately $50,000.00 in user assets from another Appchain were transferred.
Syndicate Labs stated that affected SYND holders will receive full compensation and additional over-compensation, and their overall holdings will be higher than before the incident; affected Appchain users will also be fully compensated for their losses.
[Odaily]
Ethereum Application Guild (EAG) established to build a global collaboration and developer ecosystem network for the Ethereum application layer
The Ethereum Applications Guild (EAG) has announced its official launch. As a global non-profit collaborative organization, it aims to support the development of the Ethereum application ecosystem, promote its expansion from the infrastructure stage to the application layer, and will operate around four major directions: promoting the implementation of real-world applications, connecting cross-domain ecological networks, establishing a unified evaluation and development framework, and building a sustainable funding mechanism.
EAG adopts a dual-track system: one is a membership contribution system based on the scale of institutions (such as valuation, market capitalization, or AUM); the other is a pledge revenue donation mechanism that imports part of the ETH pledge revenue into the ecological growth fund.
EAG also released the 2026 Global Application and Developer Program, which will include developer education, hackathons, and research projects, and strengthen local developer community building through regional roadshows and ecological exhibitions.
[Odaily]
Anchorage Digital Chooses M0 as its Core Technology Provider
Anchorage Digital, the first federally chartered crypto bank in the United States, has selected M0 as its core technology provider.
Anchorage aims to become the primary engine for institutions seeking to mint and manage regulated stablecoins. M0’s protocol enables global institutions to mint fully configurable stablecoins and is already adopted by companies such as Stripe, Moonpay, and MetaMask.
[CoinDesk]
MoonPay signs a memorandum of understanding with Woori Bank and appoints Bugeon Lee as Head of Asia-Pacific.
MoonPay has announced the signing of its first Memorandum of Understanding (MOU) with Woori Bank, one of the four major commercial banks in South Korea. MoonPay Korea will provide global distribution, cross-border settlement, wallet access, and currency exchange infrastructure support for the South Korean Korean Won stablecoin market.
This collaboration aims to connect regulated Korean Won stablecoins with the MoonPay Group’s global network, with applications covering remittances, merchant settlements, institutional payments, and cross-border financial activities.
At the same time, MoonPay Korea has appointed founding executive Bugeon Lee as Head of Asia Pacific, based in Seoul, responsible for liaising with South Korean regulators, banks and corporate partners.
[Foresight News]
Bubblemaps: 8,360 wallets received MEGA token allocation, half of which are held unsold
According to data released by the on-chain visualization analytics platform Bubblemaps, a total of 8,360 wallets received the MEGA token airdrop allocation.
Of these, 50% of the wallets are still holding the tokens, 40% have sold all of theirs, and 10% have sold a portion. The current fully diluted valuation (FDV) stands at $1.7 billion.
[Foresight News]
UK FCA Releases New DLT Regulations to Support Innovation and Development in the Fund Tokenization Sector
According to official announcements, the UK’s Financial Conduct Authority (FCA) has officially released new industry guidance, clarifying the standards and requirements for enterprises to compliantly adopt distributed ledger technology (DLT) within the current regulatory framework.
The new rules simultaneously optimize fund trading mechanisms by introducing an optional Direct-to-Fund (D2F) model, enabling investors to directly connect with both traditional and tokenized funds to execute transactions—significantly enhancing operational efficiency.
Developed jointly by the FCA and industry stakeholders, these rules uphold strict regulatory boundaries while embracing financial innovation, helping asset management firms reduce costs and improve efficiency, and accelerating the real-world implementation of traditional asset tokenization.
[Odaily]
Musk said in the OpenAI lawsuit trial that “most cryptocurrencies are scams,” once again drawing market attention.
During his trial against OpenAI, Musk stated, “Some cryptocurrencies have value, but most are scams.” This comment was made during cross-examination at the Oakland, California courthouse, where the case involved OpenAI’s early consideration of raising funds via an ICO (Initial Coin Offering).
In response to related questions during the trial, Musk pointed out that the crypto asset space is rife with speculation and fraud, drawing market attention.
Notably, Musk’s stance on the crypto market has long exhibited significant volatility: During the 2021 bull run, he drove Tesla to purchase approximately $1.5 billion worth of Bitcoin and repeatedly mentioned Dogecoin publicly—sparking sharp price increases in both assets. However, Tesla sold off 75% of its Bitcoin holdings in 2022 and recorded an impairment charge of approximately $222 million on its remaining Bitcoin position in Q1 2026. As of its latest financial report, Tesla still holds approximately 11,509 Bitcoin, with a book value of roughly $786 million.
[Fortune]
Kelp contributes 2,000 ETH to the DeFi United Recovery Fund to advance rsETH recovery.
Kelp announced that it has fulfilled its commitment to the “DeFi United” Recovery Fund, contributing a total of 2,000 ETH to advance the recovery of rsETH staked assets and restore normal system operations.
Kelp stated that this contribution is a one-time allocation, which will be directly used to restore the nominal exchange rate between rsETH and its underlying assets, and to support the comprehensive repair of the entire system—including recapitalizing the bridge treasury, restoring oracle functionality, and filling funding gaps in affected markets.
Kelp added that it had previously committed—prior to its public announcement—that rsETH holders would not incur losses, and emphasized that this action directly fulfills that commitment. As funds from various parties gradually arrive, the rsETH staking structure will resume normal operations in phases.
[Odaily]
Iranian President: Iran has completely lost trust in the United States
Iranian President Peyezeshkian said in a phone call with Belarusian President Lukashenko on the same day that Iran has completely lost trust in the United States.
Peyezeshkian said in the call that resolving differences through dialogue and diplomatic efforts has always been the focus, but during previous negotiations, the United States and Israel attacked Iran twice, and similar actions may happen again, which has led to Iran’s complete loss of trust in the United States.
[Xinhua News Agency]
Musk had briefly supported OpenAI’s ICO proposal before changing his mind and withdrawing his support.
OpenAI announced in a previous document: In mid-January 2018, Elon Musk congratulated us on our successful fundraising and agreed that we should conduct an initial coin offering (ICO) to raise $10.00B—which would involve a for-profit subsidiary—and told us that we had solved the long-term funding problem.
However, by the end of January, he told us that he no longer supported ICOs (at that time, we had also lost confidence in ICOs) and believed that OpenAI was “doomed to fail relative to Google.”
Then in February 2018, Elon Musk determined that OpenAI could not raise enough funds. That month, he resigned and turned his attention to developing general artificial intelligence (AGI) at Tesla.
[PANews]
UK FCA Releases New Rules and Guidelines for Fund Tokenization
On April 30, the UK Financial Conduct Authority (FCA) released the policy statement and accompanying guidance titled “Progressing fund tokenisation,” clarifying that asset management companies can use distributed ledger technology (DLT) for fund tokenization within the existing regulatory framework.
The new regulations also introduce an optional Direct to Fund (D2F) model, allowing investors to trade directly with traditional or tokenized funds to improve the efficiency of subscriptions and redemptions.
The FCA stated that this framework provides operational guidance for funds adopting tokenization and digital cash instruments. As part of the UK asset management industry’s digital asset roadmap, the authority will continue to communicate with the industry regarding the application of DLT in the UK wholesale market.
[PANews]
Today’s Market Pulse
The crypto market navigates a bifurcated landscape where regulatory clarity advances in key jurisdictions while institutional adoption accelerates, despite lingering policy uncertainty in the US and volatile sentiment from influential figures.
Key Themes
Regulatory Framework Evolution
The UK’s Financial Conduct Authority has released comprehensive DLT regulations introducing a Direct-to-Fund model that enables investors to directly trade with both traditional and tokenized funds, significantly improving operational efficiency. This regulatory clarity provides a clearer path for institutional fund tokenization. Simultaneously, White House advisor Kevin Hassett suggested Fed Chair Powell should leave his position, creating uncertainty around potential rate cuts that could influence crypto market dynamics. The UK’s progressive stance toward tokenization may attract capital flows, while US policy uncertainty could create short-term volatility.
Institutional Adoption Accelerates
Anchorage Digital, the first federally chartered crypto bank in the US, has selected M0 as its core technology provider to become a primary engine for minting and managing regulated stablecoins. In parallel, MoonPay signed an MOU with Woori Bank, one of South Korea’s major commercial banks, to connect regulated Korean Won stablecoins with global networks covering remittances and cross-border payments. These developments signal increasing institutional acceptance and integration of crypto infrastructure into traditional financial systems, potentially unlocking significant capital inflows and setting precedents for similar partnerships globally.
Ecosystem Resilience Amid Security Challenges
Despite Syndicate Labs suffering a security incident resulting in the transfer of approximately 18.50 million SYND and $50,000 in user assets, the project committed to full compensation with additional over-compensation. Simultaneously, Kelp contributed 2,000 ETH to the DeFi United Recovery Fund to advance rsETH recovery. These responses to security breaches demonstrate maturing risk management protocols within the ecosystem, potentially enhancing investor confidence as projects prioritize recovery and user protection over short-term considerations.
RichSilo Verdict
Smart money should monitor the divergence between progressive regulatory frameworks in the UK and lingering uncertainty in the US, as this could create significant arbitrage opportunities for institutional capital. The accelerating adoption of stablecoin infrastructure by traditional financial institutions presents near-term catalysts for market expansion, while the evolving approach to security post-incidents will likely set industry standards. The most significant upside potential lies in projects that bridge traditional finance with crypto infrastructure, particularly those addressing regulatory compliance while maintaining innovation.
