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According to The Block, Daisy Cooper, Deputy Leader of the UK Liberal Democrats, has written to Nikhil Rathi, CEO of the UK Financial Conduct Authority (FCA), requesting an investigation into whether Reform UK leader Nigel Farage has any conflicts of interest related to cryptocurrencies. Cooper pointed out that Farage, before participating in a promotional video for Stack BTC and "representing the company in" a £2 million Bitcoin purchase, had invested approximately £215k in the company several weeks prior. She believes that this kind of arrangement—"investing while promoting, then participati

The Pacific Island nation of Nauru has appointed crypto entrepreneur Dadvan Yousuf as International Trade Commissioner, to help advance the country’s digital asset strategy and attract global investment. Nauru President David Adeang said the move is intended to strengthen cross-border cooperation with virtual asset service providers, financial institutions, and technology companies. Last year, Nauru established the Command Ridge Virtual Asset Authority (CRVAA) through legislation, as a dedicated regulatory agency responsible for overseeing crypto firms and licensed supervision of digital banks

According to DL News, the state-owned power company Irkutskenergosbyt in Russia's mining hub Irkutsk stated that approximately 8,000 suspected illegal cryptocurrency mining sites have been identified, and the actual number may be even higher. To conceal abnormal electricity usage, some residents explain the sudden spike in electricity bills as "charging electric vehicles," "heating chicken coops," or even claim they are "drying wood in preparation for building a house." The report also mentioned that related equipment has been found hidden in greenhouses, paper mills, forest shrubs, and abando

According to AFR, Sydney serial entrepreneur Ben Pasternak has been sued by a New York court for allegedly orchestrating a meme coin "rug pull" scheme through the Believe platform, involving multiple tokens such as PASTERNAK, LAUNCHCOIN, and BELIEVE. The lawsuit states that the platform has processed over $6 billion in transactions, collected tens of millions of dollars in platform fees, and investors may have lost hundreds of millions of dollars. Ben Pasternak is known for his social app Monkey and plant-based meat brand Simulate, and was named to Forbes 30 Under 30 in 2021.

The IRS (Internal Revenue Service) is stepping up its crackdown on crypto tax evasion through its Criminal Investigation Division ahead of the April 15 tax filing deadline.
The key change this year is the implementation of Form 1099-DA, which requires brokers to report users' total digital asset transaction amounts, but currently does not mandate reporting the cost basis, so investors need to calculate their own costs to avoid overpaying taxes.
Data shows that 61% of American crypto investors are still unfamiliar with the new regulations.
Official warnings state that voluntarily reportin

Wu learned that, according to Politico reporter Jasper Goodman, U.S. Senator Thom Tillis hopes to release a draft protocol on stablecoin yield this week, aiming to end the conflict between Wall Street and the crypto industry over this issue. However, reports indicate that the American banking industry groups are currently resistant to this latest draft proposal intended to address the disagreements.

Wu Shuo learned that the lending protocol Venus Protocol announced it has shut down its Isolated Pools business. Currently, all related liquidity pools are paused, but user funds are safe and withdrawal channels remain open. The official recommends that users who still hold positions should, depending on whether their assets are available on Venus Core, migrate or withdraw their funds in full as soon as possible.

《Dialogue Between Core Foundation and Z Protocol: In the AI Agent Era, Could Privacy Finance Be the Next Track?》
In this episode of the Wu Shuo Podcast, we speak with Rich Rines, an early contributor to Core Foundation, and Kieran Dennis, co-founder of Z Protocol. The main topics include the strongest current needs of Bitcoin holders, the necessity of combining privacy with AI Agents, and how public chain projects can shift from “relying on token narratives” to “focusing on revenue and value flowing back” to build sustainable business models. Read more:

Wu said that, according to the latest weekly report from Glassnode, Bitcoin market momentum surged 51.7% to break previous highs. Spot buying is aggressive and ETF demand is strong, with futures open interest (OI) rising 7.2%, but funding rates turning negative, indicating that speculators are beginning to hedge.
On-chain data shows that although active addresses have slightly decreased and entered consolidation, the dominance of long-term holders has strengthened, and short-term sensitive capital has decreased. Currently, the circulating supply profit ratio is rising, market pressure is eas

Wu learned that Circle CEO Jeremy Allaire mentioned during the Circle in Seoul event in Seoul that Circle is advancing its native network Arc, which is currently in the testnet phase, and exploring the issuance of network tokens for governance, incentives, and aligned economic interests. He hopes to gradually transition to a PoS mechanism in the future. He stated that this might be the most significant platform-level strategic move by Circle since creating USDC.

Y Combinator, a well-known startup incubator in Silicon Valley, completed its first fully stablecoin financing settlement, transferring $500k USDC on the Solana blockchain to the prediction market startup Totalis. The funds were transferred in three on-chain transactions, including a $1 test transfer, followed by $124,999 and $375,000 official transfers, marking YC's first investment disbursement made entirely in stablecoins. (The Block)

Wu Shuo learned that People's Daily published an article titled "Disrupting the Capital Market: Be Alert to These Chaos in Financial Media Accounts," which specifically named some accounts for posting false profit information such as "100x coins" and "monthly crypto trading profits of millions," to attract traffic to virtual currency trading. The article again cited previous notices from the People's Bank of China and eight other departments, emphasizing that virtual currency-related business activities are illegal financial activities, and pointed out that accounts and platforms providing tra

X Product Lead Nikita Bier posted, "Cryptocurrency has gone through a tough year, maybe we should launch something to fix it." Possibly hinting at a new crypto-related initiative, but no further details have been disclosed yet.

U.S. lawmakers have reintroduced an amended version of the Digital Asset PARITY Act, aiming to update tax rules for cryptocurrencies. Compared to the draft from December 2025, the new version eliminates the $200 tax exemption threshold for regulated stablecoin payments and stipulates that no gains or losses are recognized unless the taxpayer's stablecoin basis is less than 99% of its redemption value. Additionally, the latest draft proposes to apply wash sale rules to digital asset transactions and clearly distinguishes between "passive staking" and trading activities. (CoinDesk)

Wu said that, according to Lookonchain monitoring, thanks to the market rally, a suspected whale related to Matrixport is holding 120,000 ETH (about $283.5 million) and 700 BTC (about $52 million) long positions, with unrealized profits exceeding $36 million. On-chain records show that this whale previously engaged in precise swing trading: it closed 40,000 ETH long positions at $2,354, making a profit of $14.47 million, and then re-established the same 40,000 ETH long positions at $2,266.

Wu said that, according to Onchain Lens monitoring, a whale address (0x4553) after sleeping for 2.5 months, exchanged its holdings of 2,831 ETH (worth about 6.67 million USD) for 90.46 WBTC.
On-chain data shows that the whale address still holds 21,733 ETH, with a total value of approximately 51.46 million USD.