Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering weekly key news, mining information, project trends, technological progress and other industry trends. This article is one of the news weekly news magazines, which will take you to take a look at the major events in the blockchain industry this week.

▌CZ denies allegations: not involved in money laundering or fraud

CZ denied allegations involving money laundering and fraud in social media reports. He clarified that the so-called "anti-money laundering" problem is different from "money laundering". The former is for failure to effectively prevent it, while the latter is for actual implementation. CZ stressed that all customer assets are safe and said it is probably one of the most regulated people in the world. The statement also responds to reports about his legal dispute with Justin Sun.

▌Trump signed the first cryptocurrency bill to repeal the IRS's DeFi broker rules

U.S. President Trump signed a bill to prevent the IRS from collecting tax filing data from decentralized cryptocurrency platforms. This move is of historic significance. This marks the first time legislation specifically targeting cryptocurrencies has become law in the United States. The bill was introduced by Republican Senator Ted Cruz (R-TX) under the Congressional Review Act, aiming to repeal the IRS's so-called "DeFi broker rule", which was passed in the Senate on March 26 with an overwhelming bipartisan support rate of 70-28 votes. Just two weeks ago, a similar version led by Rep. Mike Carey (R-OH) was passed with a similar "super majority." The controversial DeFi broker rules were proposed in Biden's final days in power, requiring decentralized crypto entities (such as exchanges without central governance bodies) to comply with traditional IRS reporting requirements. Critics believe that the provision is too cumbersome and may stifle innovation and seriously hinder the development of the DeFi industry. “This rule will undermine the U.S. leadership in the cryptocurrency field, and I am grateful to President Trump for signing my resolution into law,” Cruz, who attended the signing ceremony on Thursday afternoon, told Crypto In America. "This resolution is a victory for innovation, privacy and economic freedom."

▌The US SEC issued new guidance requiring crypto projects to strengthen token information disclosure

The U.S. Securities and Exchange Commission (SEC) issued a statement on Thursday, suggesting that crypto companies that may involve securities tokens provide more detailed information disclosure. The guidance emphasizes that companies need to clearly state their business model and the specific role of tokens, but does not clearly define which cryptocurrencies fall into the securities category. The non-mandatory statement pointed out that information disclosure should include key content such as whether the company is developing crypto or blockchain networks, development milestones, network usage, technical architecture (such as whether it is based on open source technology). The SEC said the recommendations are based on observations on past corporate disclosures, including details such as token holders’ rights, technical specifications, etc. The statement specifically mentioned that token assets involving "investment contracts" (i.e. tokens that may constitute securities) need additional disclosure. This guidance is one of the efforts of the SEC to clarify how the federal securities laws apply to crypto assets, aiming to lay the foundation for the follow-up of its newly established crypto working group. The SEC also emphasized that the statement does not constitute formal rules and is "not legally effective."

▌Federal Director Bowman hopes to conduct an independent review of the bank bank failure in March 2023

Former FOX business reporter Eleanor Terrett posted on X: "Federal Director Michelle Bowman expressed his desire to have a bank failure in March 2023 (SVB, Silvergate, Signature) conducted an independent review, although she did not directly name the banks. ”

▌The U.S. House of Representatives passed a budget to clear the way for Trump to cut taxes and raise debt ceilings

The U.S. House of Representatives passed a budget plan on Wednesday, laying the foundation for extending Trump's 2017 tax cuts, although all Democrats and two Republicans worried about not having adequately cut spending voted against. The House passed the budget by 216 and 214, a result that is preliminary but necessary. This will allow Republicans to bypass Democratic opposition and pass the tax cut bill on partisan lines later this year. Republicans will be in the process of These tax cuts are coming in a few months. The legislation passed Thursday is equivalent to a broad budget blueprint with little detail. With the passage of the budget, the next package will cut up to $5.3 trillion in taxes over a decade and raise the debt ceiling by $5 trillion in exchange for $4 billion in spending cuts. U.S. House Speaker Johnson had hoped to pass the bill on Wednesday, but he delayed the action as some Republicans opposed the bill's lack of spending cuts.

▌Binance's trial of tax evasion in Nigeria was postponed to April 30

According to Catenaa, the Federal High Court of Abuja postponed the trial of tax evasion in Binance to April 30. Binance lawyer Chukwuka Ikwuazom, a lawyer, questioned the effectiveness of delivering legal documents by email, and believed that Nigerian authorities should obtain formal approval before delivering documents abroad. Nigeria accused Binance of illegal operation without registration, causing financial instability and tax losses, and demanded it to pay a $81 billion fine, including $2 billion in tax arrears and $79 billion in compensation.

▌Pakistan launches its first compliance-based virtual asset regulatory framework

According to Tribune, Pakistan has launched its first comprehensive framework to regulate virtual assets and virtual asset service providers (VASPs), aiming to curb money laundering, support innovation and attract foreign investment. The framework is developed by specialized agencies under the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) agencies. The proposed framework requires approval from the legislature and opinions from digital asset companies operating in the country and is expected to begin phased in 2026.

▌Binance seeks to curb U.S. regulation in negotiations with Trump's crypto companies

▌Binance seeks to curb U.S. regulation in its transaction negotiations with Trump's crypto companies

Binance is trying to curb US regulation in trading negotiations with Trump's crypto companies, and Binance is also negotiating with the World Free Finance Corporation to launch a new US dollar-pegged cryptocurrency. (Golden Ten)

▌SEC may set up a regulatory sandbox for crypto exchanges, intending to allow trial of tokenized securities trading

According to Decrypt, the U.S. Securities and Exchange Commission (SEC) leadership said Friday that it will consider establishing a regulatory sandbox for digital assets, allowing cryptocurrency exchanges to freely experiment in new areas, including the possibility of opening up tokenized securities trading.

▌McDonald's shareholder Bitcoin proposal was rejected, and the US SEC determined that the company had the right to not discuss

According to the disclosure of documents by the U.S. Securities and Exchange Commission (SEC), McDonald's has officially refused to discuss the proposal to purchase Bitcoin at the shareholders' meeting in May. The dispute began with the insuranceThe proposal of the National Center for Public Policy, a conservative think tank and shareholder, suggested that McDonald's follow MicroStrategy to include Bitcoin in the balance sheet as a means of store of value. The McDonald's legal team submitted an application to the SEC in March to confirm compliance with the "no discussion of the proposal". In its reply letter on March 28, the SEC clearly stated that the proposal involves the company's daily business decisions, and McDonald's has the right to exclude it from the shareholders' agenda according to regulatory rules. This incident once again triggered discussions on enterprises' allocation of crypto assets. Since Trump's victory in 2024 pushed Bitcoin to a record high, many listed companies have faced similar shareholder proposals, but the degree of corporate adoption has significantly differentiated - game retailer GameStop announced in March this year that it would raise $1.5 billion to buy Bitcoin, while Microsoft shareholders voted to reject similar proposals in December last year.

▌Coinbase: The necessary updates will be implemented after the Ethereum Pectra is upgraded and launched. The relevant preparations have been started. On April 12, Coinbase officially announced that it has begun to actively prepare for the upgrade-related work, and will implement the necessary updates after the Pectra is officially launched. Coinbase also said that it will continue to pay close attention to the preparations for system updates to ensure that customers have a smooth online experience. Previous news, due to configuration issues during the activation of Holesky and Sepolia test networks, the upgrade of Ethereum Pectra was delayed for a while and is currently scheduled to be launched on the main network on May 7.

▌Wintermute launches the L2 network "QuoteChain" that interacts with the social media platform X

Wintermute issues announcing the launch of the L2 network "QuoteChain" that supports interaction with the social media platform X. It is reported that the Genesis block will be launched soon. Wintermute said QuoteChain will be a "small experiment" that integrates AI, encryption, and social media platform X, and it is also a "Twitter L2" distributed based on social activities.

▌Kraken cooperates with Mastercard to launch an encrypted debit card

According to CoinDesk, Kraken is partnering with Mastercard to launch an encrypted debit card. Kraken will launch physicaland digital debit cards for daily transactions using cryptocurrencies and stablecoins. The program is part of KrakenPay, a service launched earlier this year that supports cross-border payments in over 300 cryptocurrencies and fiat currencies. The debit card is expected to be available in the coming weeks.

▌MEGABIT large-scale platform upgrade announcement, the platform domain name is renewed, and the new and important functions are experienced

According to official news, Megabit will be officially upgraded to MGBX at 00:00 (SGT) on April 12, 2025, and the platform domain name will be changed to mgbx.com. This brand upgrade covers multiple important modules such as product interface, domain name access and international services.

▌pump.fun: The live broadcast function has now covered all users

pump.fun posted a statement on the X platform that the previously restored live broadcast function has now covered all users (100%). The live broadcast function will be equipped with an industry-standard audit system and transparent guidelines, including prohibiting and deleting live broadcasts containing hate speech, violence, nudity or other inappropriate content. pump.fun announced the resumption of live broadcast functionality last week, but it is only open to 5% of users.

▌Premissory News: Binance is negotiating the listing of the US dollar stablecoin USD1, issued by the Trump family crypto project WLFI, according to market news, Binance executives recently had discussions with U.S. Treasury Department officials, in addition, Binance is negotiating the listing of the US dollar stablecoin USD1, issued by the Trump family crypto project World Liberty Financial (WLFI). The potential cooperation with WLFI highlights that the stablecoins are evolving from pure technical trading tools to tools with significant market and regulatory impacts. This move will enable Binance to form a competitive relationship with other major exchanges and stablecoin issuers and may gain market advantages in the field of US dollar digital assets.

▌52% of Singapore cryptocurrency holders use digital assets for payments

According to the Straits Times, more than half of Singapore's cryptocurrency holders have used digital assets for daily transactions. The latest research shows that 52% of cryptocurrency holders have begun to use cryptocurrency payments, and 67% plan to use them in the future. Research finds Gen Z and Millennials hold the country 40% cryptocurrency, mainly used for online shopping, bill payments and in-store consumption. According to data from blockchain analytics firm Chainalysis, Singapore's crypto transaction volume reached nearly US$1 billion in the second quarter of 2024. However, 60% of users remain concerned about the complexity and security of digital assets, while 54% of holders are troubled by limited merchant acceptance.

▌In 2015, the giant whale sold 632 again and still held 30,189 ETH

According to ai_9684xtpa monitoring, the "OG giant whale with 100,000 ETH in 2015" sold 632 ETH again 5 hours ago, worth US$1.04 million. The cumulative number of ETH sold since April has increased to 4,812, about US$8.09 million, with a cost as low as US$0.31, and still hold 30,189 ETH.

▌Chronicle became the oracle provider for SparkDAO's $1 billion tokenized Grand Prix winning event

Chronicle was selected as the oracle provider for SparkDAO's $1 billion tokenized Grand Prix winning event. Award-winning projects include BlackRock’s BUIDL Fund, Superstate’s USTB, and the Centrifuge JTRSY Fund, which is deputy advisored by Janus Henderson.

▌World Liberty Financial denied the sale of ETH, saying the relevant reports were "completely untrue"

World Liberty Financial (WLFI) formally denied recent rumors about its sale of Ethereum. It was previously reported that a wallet address marked by Arkham as WLFI related to sell about $8 million of ETH when the ETH price dropped to $1,465. In response, a WLFI spokesperson made it clear: "The statement about WLFI selling its positions is completely untrue. No assets have been sold at present, and the relevant speculations are wrong."

▌Feder Collins: Tariffs push up US commodity prices, which may cause the Fed to delay interest rate cuts

Federal Collins said that the Fed may still have room for interest rate cuts this year. Interest rates are in good condition, and maintaining stability at present seems to be the best choice. Tariffs push up U.S. commodity prices, which may cause the Fed to delay interest rate cuts.

▌Federal Goolsby: The Fed's current threshold for change is quite high

Federal Goolsby: Now is the time for the Fed to suspend the adjustment of interest rates and wait and see. The Fed's current threshold for change is quite high. The Fed should keep all measures on the agenda. Current tariffs will drive inflation up in the short term and harm economic growth.

▌Tokenized gold market value approaches US$2 billion, tariff concerns trigger safe-haven trading

As the market's concerns about tariffs intensify, investors turn to safe-haven assets, pushing the total market value of tokenized gold products to close to US$2 billion. This trend reflects a significant increase in demand for digital gold as a safe port in an environment of increased uncertainty. CoinDesk data shows that recent capital inflows of related products have been significantly highlighted, highlighting the trend of integration between cryptocurrencies and traditional safe-haven assets.

▌Feder Collins: If necessary, the Fed is “absolutely” ready to provide help when necessary to stabilize the market

▌Feder Collins: left;">Federal Collins: Historically, we had to quickly use various tools (to stabilize the market), and now, if necessary, the Fed is "absolutely" ready to help stabilize the market when necessary.

▌Federal Kashkali: The Fed has tools to provide more liquidity

Federal Neil Kashkali said, "The Fed has tools to provide more liquidity. ”