Valinor, a private credit startup founded by former Blackstone employees, has successfully raised $25 million in seed funding. According to Foresight News, the funding round was led by Castle Island Ventures, with participation from Susquehanna's crypto division, Maven11, and TeraWulf's founder. Valinor was established by Connor Dougherty and Lily Yarborough with the aim of utilizing blockchain smart contract technology to replace traditional manual verification processes in the private credit sector, thereby improving loan efficiency. The newly acquired funds will be used to expand Valinor's loan business and increase recruitment efforts.

The New York Stock Exchange has officially approved the listing of Morgan Stanley's Bitcoin spot ETF, which will trade on the NYSE Arca under the ticker symbol MSBT. Morgan Stanley filed its S-1 registration statement in January 2026 with a seed investment of $1 million. The fund will hold actual Bitcoin, with Coinbase handling cold storage custody and BNY Mellon handling cash management, administration, and transfer functions. MSBT has an annual fee rate of 0.14%, lower than Grayscale's current lowest of 0.15% and BlackRock's IBIT's 0.25%, making it the lowest among all Bitcoin spot ETFs in the US. MSBT is also the first Bitcoin spot ETF directly issued by a major US bank. Morgan Stanley has over 16,000 financial advisors and plans to conduct retail cryptocurrency trading through the E*Trade platform. Currently, the total assets under management in the US Bitcoin spot ETF market are approximately $83 billion. Analysts believe trading could begin within days to weeks.

An analyst has disclosed that he has liquidated all his holdings and transitioned entirely to cash, citing concerns over a potential crash in U.S. markets. According to NS3.AI, the analyst pointed out that the charts for the S&P 500 and Nasdaq indicate a disruption in the previous upward trend, suggesting a possible downturn.

Goldman Sachs has indicated that a robust recovery in U.S. stocks could occur if military tensions subside, following a period where hedge funds have reduced their global equity exposure for six consecutive weeks. According to NS3.AI, the firm noted that widespread short selling has led to an oversold market condition. Additionally, pension fund rebalancing and changes in the options market may contribute to supporting a potential recovery.

American Bitcoin has announced that it currently possesses over 7,000 BTC. According to NS3.AI, the company's Bitcoin holdings have increased threefold since its Nasdaq listing, positioning it as the 16th-largest publicly traded Bitcoin holder.

Nasdaq is set to introduce a series of new rules aimed at expediting the inclusion process for newly listed large companies into the Nasdaq 100 Index. According to Jin10, this move is designed to reduce the waiting time for companies to enter this flagship stock index. With high-valuation tech companies like SpaceX and OpenAI preparing for public listings, the exchange operator is seeking to accelerate the IPO process. Lilia, head of Nasdaq Global Index Solutions, stated that Nasdaq is considering rule adjustments to ensure that newly listed large companies and those transferring boards do not have to wait a year or more to be included in the Nasdaq 100 Index. Nasdaq announced that the new rules, including a 'fast-track inclusion' mechanism, will take effect on May 1, although most adjustments are expected to impact index components by June.

Nasdaq will introduce a series of new rules, including expediting the process for newly listed large companies to be included in the Nasdaq 100 index, a move aimed at reducing the waiting time for companies to enter this flagship index. With high-valuation tech companies like SpaceX and OpenAI preparing to go public, the exchange operator is trying to accelerate the IPO process. Lillia, head of Nasdaq's global index solutions, said Nasdaq is considering adjusting its rules to ensure that newly listed large companies and companies transferring to other exchanges do not have to endure a wait of up to a year or more to be included in the Nasdaq 100 index. Nasdaq stated that the new rules, including the "fast-track inclusion" mechanism, will take effect on May 1, but most of the adjustments are expected to affect the index components only in June. (Jinshi)

U.S. President Donald Trump has issued a stern warning to Iran, threatening to dismantle its energy infrastructure if a resolution is not reached to end the ongoing conflict. Bloomberg posted on X, highlighting that despite the aggressive stance, Trump described the ongoing negotiations as productive. The situation remains tense as both sides continue to engage in discussions aimed at resolving the conflict.

Key TakeawaysSenate Banking Committee may hold hearing for Kevin Warsh as soon as week of April 13.Jerome Powell term ends May 15, with transition timeline coming into focus.Warsh has signaled support for policy “regime change”, including rate strategy.Nomination faces opposition from Elizabeth Warren and other lawmakers.Fed Leadership Transition Enters Key PhaseThe U.S. Senate Banking Committee is expected to hold a confirmation hearing for Federal Reserve chair nominee Kevin Warsh as early as the week of April 13, according to reports citing sources familiar with the matter.The timeline remains fluid, pending completion of Warsh’s required filings. However, a mid-April hearing would set a clearer path toward confirmation ahead of the expiration of Jerome Powell’s term on May 15.Powell has indicated he will remain in position until a successor is confirmed.Warsh Signals Shift in Fed Policy ApproachWarsh, a former Federal Reserve governor who served from 2006 to 2011, is expected to advocate for significant changes in monetary policy.He has publicly criticized the Fed’s handling of inflation and rate policy, suggesting a need for a “regime change” in how interest rates and balance sheet management are conducted.His stance indicates a potentially more proactive or restructured approach to monetary policy, which could have implications for interest rates, liquidity conditions, and risk assets including Bitcoin.Political Resistance Builds Around NominationThe nomination is facing resistance from multiple lawmakers.Elizabeth Warren has criticized Warsh’s record, particularly his role during the 2008 financial crisis, and raised concerns over his ties to Wall Street.Separately, Senator Thom Tillis has indicated he may oppose Fed nominations until a Department of Justice investigation into Powell is resolved. The probe relates to costs associated with Federal Reserve building renovations.These developments could complicate or delay the confirmation process.Market Implications: Policy Uncertainty AheadThe potential leadership change comes at a critical time for markets, with investors closely monitoring the Federal Reserve’s stance on inflation, interest rates, and economic growth.A shift in leadership—and potentially in policy direction—could influence expectations around rate cuts or hikes, directly impacting liquidity conditions.For crypto markets, Fed policy remains a key driver. A more hawkish or uncertain policy outlook could pressure risk assets, while clarity on easing or structural changes could support sentiment.

Spain has taken a significant step in distancing itself from the ongoing military operations in Iran by closing its airspace to American flights involved in the conflict. Bloomberg posted on X, highlighting Spain's decision as part of a broader effort to avoid entanglement in the situation. This move reflects Spain's stance on maintaining neutrality and minimizing involvement in the escalating tensions surrounding the military activities in Iran. The closure of airspace is seen as a strategic measure to ensure Spain's non-participation in the conflict, aligning with its foreign policy objectives.

China's AI industry is shifting from price wars to competition over model quality. In intelligent agent scenarios, "task completion rate" is a more reliable indicator of customer retention than "token price".

This article will take a professional perspective to systematically review the evolution and mainstream path of RWA in Hong Kong, analyze the tax implications and regulatory logic, and examine the compliance risks behind the financing benefits of RWA.

On March 23, the "Hong Kong-Korea Web3 Policy Promotion Alliance" was officially established.

The odds of a presidential pardon for Sam Bankman-Fried have slipped deeper into single digits after a high-profile CNN interview featuring his parents reignited controversy around the FTX collapse — and may have done more harm than good.

Binance and OKX's biggest enemies have never been each other; they may even be partners with shared interests.

Ripple CEO Brad Garlinghouse said stablecoins are gaining attention from big businesses as a way to reduce costs and improve efficiency. He also highlighted that new regulations and Ripple’s growing infrastructure could help companies adopt stablecoins more confidently.

The billing logic of AI tokens is essentially enterprise pricing; the billing logic of public chain tokens is essentially closer to joint pricing by the protocol and the market.

A trader on Polymarket pulled off a near-100x return, jumping on the right opportunity to turn his $676 investment into a $67,000 grand prize after exploiting a live broadcast mistake during a UFC heavyweight tournament.

Trump: "To be honest, one of my favorite things to do is take oil from Iran, but some stupid people in the United States say, 'Why do you do that?' But they are stupid people."

The White House released a new app that collects users’ location, personal data, and device information. Security experts warn the app could track phones every few minutes and may have weak protections, raising privacy concerns.