The American Bankers Association criticized the stablecoin report released by the White House Council of Economic Advisers, saying its analysis was wrong. It emphasized that allowing stablecoins to pay interest would lead to local banks’ deposits flowing out and would tighten credit, countering the report’s claim about the effects of the proposed ban.

The Office of Management and Administration at the White House sent a warning email to employees on March 23, prohibiting the use of their position to speculate in the futures market. The warning came after the announcement by Trump of a pause in attacks on Iran, and suspicious trading appeared in the market. Senior officials described the email as a timely “reminder.”

The White House warns staff not to use their positions to bet in prediction markets, especially by engaging in unusual trading activity before policies suddenly change. Accounts that have already profited more than $600k through prediction have drawn criticism, and critics suspect that someone used insider information to profit. The White House confirmed the authenticity of the warning.

Gate News message: On April 9, according to a report from April 10, Amazon CEO Andy Jassy said the company is considering selling its AI chips to other businesses. He also revealed that the annualized revenue outlook for the company’s in-house chip business is expected to exceed $20 billion. This disclosure is rare and highlights the scale of Amazon’s in-house chip business, which produces general-purpose computing chips, AI accelerators, and chips designed to improve the efficiency of the company’s server operations.

Gate News update, April 9, the Nasdaq-listed company Brag House Holdings announced that its shareholders approved a merger proposal with Dogecoin Foundation official entity House of Doge with voting in excess of 98%. The two sides then plan to launch a publicly traded platform that connects sports, digital finance, and blockchain infrastructure, and integrate Brag House’s resources in collegiate athletics and media.

Standard Chartered Bank plans to consolidate its client custody business at its Zodia Custody into the bank’s Digital Assets division for corporates and investment banks. Zodia will become an independent custody SaaS platform. Relevant announcements will be made within this month.

Gate News message. On April 8, according to Bloomberg, a White House economist said that stablecoin yields will not harm banks’ profits. Data show that even if stablecoin yields are banned, it is expected to increase the scale of bank loans by only 0.02%.

The White House Council of Economic Advisers released a report stating that prohibiting crypto companies from offering stablecoin yield will have a negligible impact on community banks, with traditional loan growth of only 0.02%. The report said the ban deprives consumers of competitive returns and reflects tensions between the crypto industry and banking. The conclusion differs significantly from the risks warned by the Community Bankers Association, and could have potential effects on the market and investors.

Seven members of the U.S. House of Representatives sent a letter to the CFTC Chair, questioning the regulator’s lack of enforcement regarding insider trading in prediction markets related to Iran and Venezuela, and requesting answers to six questions from the CFTC. The incident has sparked concerns about the legitimacy of prediction markets and the strength of regulatory oversight, and the CFTC has pledged to pursue selective enforcement. As the market expands, in the absence of clear regulations, investors need to pay attention to possible policy changes and their impacts.

Gate News updates, according to Gate's official announcement Gate has delisted the trading markets for 30 tokens, including DFYN, ADIX, BOTIFY, BBLAST, UNITE, JUICE, SNIFT, THINK, DRX, JOYSTREAM, WWY, IONX, ITGR, FOR, BUZ, ANI, MOTHER, LIVE, APP, MINT, RAGE, PORK, SAY, HOUSE, 1DOLLAR, DRAC, METAL, HAPPY, TXT, UPC, etc. Gate has conducted repurchases for eligible users and deposited the corresponding repurchase amounts into users' accounts. After delisting, users can still continue to use Gate as a wallet for the above-mentioned tokens to store their assets. The specific delisting time and operational details for the wallet function will be notified separately through official announcements.