Citadel Securities and the Blockchain Association have presented differing views in their submissions to the U.S. Securities and Exchange Commission (SEC) regarding the regulation of tokenized equities. According to NS3.AI, the market for tokenized equities was valued at $946 million in March. Citadel Securities has advocated for maintaining tokenized stock trading within the current definitions of intermediaries, emphasizing the importance of existing regulatory frameworks. In contrast, the Blockchain Association has argued that this approach could mistakenly categorize infrastructure providers as intermediaries, potentially stifling innovation in the sector. The debate highlights the ongoing discussion about how best to regulate emerging financial technologies while balancing innovation and investor protection.

Web3 security platform Immunefi has announced on the X platform that the DeFi protocol Alchemix has relaunched its bug bounty program based on its latest v3 contracts. According to ChainCatcher, the program offers a maximum reward of $300,000. The initiative aims to encourage security researchers to review the new version of the contract code and identify potential vulnerabilities in advance, thereby enhancing the overall security of the protocol. Immunefi stated that this is a critical window for auditing the relevant code and participating in the bounty program.

Oil prices have increased following reports of an explosion on Iran's Kharg Island. According to Odaily, U.S. President Donald Trump stated in a press conference on Monday that if Iran fails to meet the demands by 8 p.m. Eastern Time, the U.S. might destroy all bridges to Iran's power plants within four hours. This escalation could potentially lead to a surge in energy prices. Additionally, The Wall Street Journal reported that negotiators are pessimistic about Iran meeting Trump's demands to allow ships free passage through the Strait of Hormuz. Despite this, oil prices have not fluctuated significantly, possibly indicating market skepticism about Trump's adherence to his deadline. AJ Bell analyst Dan Coatsworth noted that either Washington or Tehran might concede, potentially causing a significant stock market rebound and a drop in energy prices. However, he also mentioned a third possibility: the deadline could be extended, leading to another period of market uncertainty as both sides' next moves are anticipated.

Cardano has partnered with venture capital firm Draper Dragon to launch the Orion Fund, targeting a total of $80 million for investment in native and integrated Cardano projects. According to Odaily, the fund aims to focus on Real-World Assets (RWA) and institutional-grade DeFi to enhance Cardano's Total Value Locked (TVL) and on-chain activity. Managed by Draper Dragon, the Cardano Foundation will provide ecological and technical support as the constitutional manager. Additionally, through Arouet Holdings, a portion of the fund's returns will be redirected to the Cardano treasury.

Crypto hedge fund Split Capital has announced its dissolution and phase-out. Its founder, Zaheer Ebtikar, revealed he has joined stablecoin startup Plasma as Chief Strategy Officer, shifting the focus to the stablecoin sector. Ebtikar stated that although the fund achieved returns of approximately 100% and 20% in 2024 and 2025 respectively, he believes the crypto hedge fund business model is gradually becoming ineffective. With the launch of products such as Bitcoin spot ETFs, institutional investors are increasingly inclined to obtain crypto asset exposure through traditional financial instruments, weakening the competitive advantage of hedge funds. (Fortune)

Key TakeawaysAnthropic annualized revenue exceeds $30 billion, up from $9B in 2025.Signs multi-year TPU compute agreements with Google and Broadcom.Several gigawatts of next-gen TPU capacity secured starting in 2027.Move reflects intensifying AI infrastructure race among major tech firms.Anthropic Revenue Triples as AI Adoption AcceleratesAnthropic reported that its annualized revenue has surpassed $30 billion, marking a sharp increase from approximately $9 billion at the end of 2025.The growth reflects accelerating demand for its Claude AI models, as enterprise and developer adoption continues to expand rapidly.TPU Agreements Secure Long-Term Compute CapacityTo support future growth, Anthropic announced agreements with Google and Broadcom to secure several gigawatts of next-generation TPU (Tensor Processing Unit) compute capacity.The infrastructure is expected to come online starting in 2027 and will be used to train and operate future versions of Claude.The scale of the agreement highlights the increasing importance of dedicated AI hardware in sustaining model performance and scaling capabilities.AI Infrastructure Becomes Strategic BattlegroundThe deal underscores a broader shift in the AI industry, where access to compute power is becoming a key competitive advantage.Major AI developers are racing to secure long-term infrastructure agreements as demand for training and inference capacity continues to rise.Google’s TPU ecosystem and Broadcom’s semiconductor capabilities position them as critical suppliers in this expanding market.Market Implications: Compute as the New BottleneckThe rapid growth in Anthropic’s revenue and infrastructure commitments signals:Rising enterprise demand for AI servicesIncreasing capital intensity in AI developmentGrowing importance of hardware partnershipsAs AI adoption scales, compute availability is emerging as a primary constraint, shaping competition across the sector.Scaling AI Through InfrastructureAnthropic’s expansion reflects a broader trend of vertical integration between AI developers and infrastructure providers.With multi-year compute secured, the company is positioning itself to scale next-generation models while maintaining competitive performance in an increasingly crowded AI landscape.The development highlights how compute capacity is becoming a core driver of growth and differentiation in the AI industry.

On April 7, a senior national security correspondent from Fox News reported that the recent strike on Harg Island was carried out solely by the United States, not Israel. According to BlockBeats, a senior U.S. official stated, 'This is a signal to the Iranians.' U.S. military sources indicated that if Iran's railway were targeted, it would not be the work of the U.S. military.

Digital asset investment products experienced a net inflow of approximately $224 million last week, according to BlockBeats. This comes as market sentiment showed a slight improvement. However, stronger-than-expected retail sales data and more hawkish interest rate expectations led to a minor outflow later in the week. Regionally, Switzerland led with inflows of around $157.5 million, followed by Germany and Canada with $27.7 million and $11.2 million, respectively. The United States saw inflows of approximately $27.5 million. European investors were the primary drivers of this week's inflows, marking a significant shift from previous weeks when U.S. products dominated. In terms of asset distribution, Bitcoin saw inflows of about $107.3 million, improving from a poor start to the month, although the net outflow for the month still stands at $145 million. Short Bitcoin products recorded inflows of $16 million, the highest since mid-November 2025, indicating continued polarization in market views. Solana attracted approximately $34.9 million, maintaining stable inflows that account for 10% of its assets under management this year. Meanwhile, Ethereum continued to lag, with a net outflow of $52.8 million last week, as investors are still processing the negative impact of the Clarity Act.

The U.S. military has targeted military sites on Kharg Island, according to a U.S. official, as Iran evaluates four potential strategies to reopen its stock market. According to NS3.AI, the head of the Iranian Securities and Exchange Organization outlined options ranging from maintaining fund trading under current conditions to halting all trading if hostilities intensify. Meanwhile, Argus Media data indicates that Urals crude at Port of Primorsk reached $116.05 per barrel on April 2, nearly double the $59 average projected in Russia's budget for this year. The Iranian stock market has been suspended since March 1.

According to the Cardano Foundation's official website, Cardano and venture capital firm Draper Dragon announced the launch of the Orion Fund (Draper Dragon Ecosystem Fund), with a target size of $80 million. The fund will invest in Cardano's native and integrated projects, focusing on Real-World Assets (RWA) and institutional-grade DeFi to enhance Cardano's TVL and on-chain activity. The fund is managed by Draper Dragon, with the Cardano Foundation providing ecosystem and technical support as the constitutional manager. A portion of the proceeds will be channeled back to the Cardano treasury through the ownerless entity Arouet Holdings. Draper University will serve as an acceleration partner, providing startup acceleration and talent development. The fund will prioritize projects that leverage the UTXO model to bridge Bitcoin liquidity and Cardano functionality, and will enhance transparency and community oversight through public KPI dashboards and quarterly ecosystem roundtables.

Over the past week, the crypto community has been repeatedly struck by the same signal: the quantum hardware barrier to crack Bitcoin has just experienced a precipitous drop.

Artificial Intelligence, the Overrated Individual: A Survival Guide for "One-Person Companies" in China (Jinse Finance) Automation is one path, but not the only one.

2026 has not been a good year for crypto companies as more and more projects are finding it harder and harder to make ends meet.

Iran, JPMorgan Chase, JPMorgan Chase: Investors have two major misjudgments regarding the situation in Iran. Golden Finance: Beneath the surface calm of the stock market, systemic risks are being severely underestimated.

Projects that rely on short-term hype are being eliminated by the market one by one, while only projects that truly fit the market and can be implemented can survive.

Stablecoins are eating into cross-border payments, and a Hong Kong-listed company has already laid the groundwork.

The central banks of South Korea and France held a two-day seminar in Seoul to discuss how digital assets like stablecoins and CBDCs affect payments and monetary policy.

Argentine President Javier Milei is facing renewed scrutiny after new evidence had been found linking him to the Libra project, despite his repeated denial of having any connection to the project.

Bitget Wallet has launched QR-based crypto payments across Asia-Pacific, letting users pay with stablecoins like USDT and USDC at local merchants directly from their self-custodial wallets.

OpenAI has urged governments to prepare for major economic changes from artificial intelligence, warning it could disrupt jobs and concentrate wealth. It proposed new policies like taxing automated labour, creating a public wealth fund, and testing a four-day workweek to help people share in AI-driven gains.