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The U.S. Senate has confirmed Kevin Warsh, a candidate for Federal Reserve chairman, to the Federal Reserve Board.

Coinbase has added Solana (SOL) as a collateral option for its Morpho-based on-chain lending service, according to The Block. U.S. customers outside of New York State can borrow up to $100,000 in USDC without having to sell their collateral.

The U.S. Commodity Futures Trading Commission (CFTC) is in discussions with major professional sports leagues to strengthen its oversight of sports-based prediction markets, CoinDesk reported. CFTC Chairman Michael Selig stated that the agency has already signed a data-sharing memorandum of understanding (MOU) with Major League Baseball (MLB) and is in talks with other pro leagues. Selig explained that sports event contracts are federally regulated derivatives, not simple gambling. He added that the CFTC has already filed five to six lawsuits against state governments attempting to restrict these markets.

Binance Chief Marketing Officer (CMO) Rachel Conlan is set to leave the company in June, according to CoinDesk. Conlan has led the exchange's brand strategy for about three years. She will be succeeded by Eowyn Chen, the former CEO of Trust Wallet, who will serve as interim CMO.

FalconX has expanded its tokenized credit product to the Monad (MON) network. According to Cointelegraph, the move allows institutional investors to use assets deposited in FalconX's tokenized credit Vault as collateral on DeFi lending protocols like Morpho.

The current Bitcoin cycle is showing a different trend compared to previous ones, according to a new analysis. Pierre Rochard of the Bitcoin Bond Company noted that while BTC plunged between 77% and 85% during the bear markets of 2015, 2018, and 2022, the current correction has been relatively limited, Cointelegraph reported. He attributed this to cumulative net inflows into U.S. spot ETFs exceeding $59 billion and continued BTC accumulation by companies like Strategy. Other analysts also point to the Nasdaq reaching a new high, the vote on the U.S. CLARITY Act, and discussions around strategic BTC reserves as factors driving changes in the market structure.

Stablecoin yield infrastructure project Osero has raised $13.5 million, The Block reported. The funding round was co-led by Sky Ecosystem, formerly MakerDAO, and Plasma, with participation from RedStone, The Rollup, and Kairos Research. The capital will be used to integrate Sky Ecosystem's stablecoin, USDS.

The Polish parliament has begun formal discussions on four cryptocurrency regulation bills, The Block reported. Key points of contention include the power of financial supervisory authorities to block accounts and the scale of potential fines. Meanwhile, the conservative opposition party, Law and Justice (PiS), has withdrawn its support for the existing market regulation bills and submitted a separate proposal to ban cryptocurrency activities outright. The parliament plans to first complete its review of the four regulatory bills before considering the prohibition bill.

Whale Alert reported that 500,000,000 USDT has been transferred from an unknown wallet to Binance. The transaction is valued at about $500 million.

U.S. Senator Cynthia Lummis called this week an important one for the digital asset industry, emphasizing that after nearly a year of bipartisan cooperation, the upcoming markup of the CLARITY Act will position the United States as a center for global innovation. The markup is scheduled for May 14.

Peaq (PEAQ), a Layer 1 network focused on Decentralized Physical Infrastructure (DePIN), announced via X that it has integrated its peaqOS into LG's 'CLOiSim' robot simulation environment. According to Peaq, this integration enables robots to autonomously handle service coordination and transaction settlements. Payments for these services will be processed in USDT using peaqOS and the Tether Wallet Development Kit (WDK).

The Graph (GRT) announced on X its adoption of "x402," an open AI payment standard developed by Coinbase. The integration allows users to access on-chain data through USDC payments without needing an API key. According to the announcement, developers and AI agents can now query subgraph data, such as token information and governance updates, on-demand using USDC payments on the Base network.

An address believed to belong to the team behind World Liberty Financial (WLFI), a DeFi project linked to the Trump family, has burned 100 million WLFI tokens worth $6.67 million over the past 19 hours, EmberCN reported. Four team-related addresses transferred one billion WLFI to an unlocked vesting contract before burning 10% of the total. The move is likely part of a token unlock plan revealed last month, EmberCN noted. World Liberty Financial previously announced it would delay the unlock schedule for tokens allocated to early contributors, founders, team members, advisors, and partners, while also planning to permanently burn 10% of that supply.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

The government of Bermuda is building a digital payment system based on the Stellar network (XLM), the Stellar Development Foundation (SDF) announced. The move follows the government's previously unveiled plan at the World Economic Forum (WEF) to transition its national economy on-chain, after which it began migrating major payment and financial services to a system built on Stellar. Residents of Bermuda can now use a Stellar-based wallet to receive salaries, make payments at stores, pay government fees, and send cryptocurrency.

The recent large-scale movement of World Liberty Financial (WLFI) tokens is part of the unlocking process for early public offering investors, according to ai_9684xtpa. The project's official X account has published a token unlock activation portal related to the procedure, which lists a scheduled unlock date of May 7, 2028.

Sui announced it will support trading for XAGm, an institutional-grade silver token from Real-World Asset (RWA) firm Matrixdock. The token is backed 1:1 by physical silver certified by the London Bullion Market Association (LBMA).

Aptos and tZERO have announced a collaboration to integrate tZERO's institutional tokenization platform onto the Aptos Layer 1 blockchain. This will enable issuers to launch real-world asset (RWA) tokens via the Aptos platform.

Kraken's parent company, Payward, has formed a strategic partnership with asset manager Franklin Templeton to develop on-chain financial products aimed at institutional investors, CoinDesk reported. The two firms plan to jointly develop tokenized yield products, stocks, and blockchain-based active funds to accelerate their push into the institutional market. Some products may also be offered to Kraken's retail investors in certain regions. Additionally, Kraken plans to integrate Franklin Templeton's BENJI tokenized money market fund as a tool for collateral and cash management.

The three major U.S. stock indices opened lower today. - S&P 500: -0.32% - Nasdaq: -0.71% - Dow Jones: -0.03%

LMAX Group has launched Kiosk, a digital asset collateral trading platform aimed at institutional investors, Cointelegraph reported. The new platform is designed to allow institutional clients to deposit cryptocurrencies into LMAX Custody and use them as collateral for trading in foreign exchange, precious metals, derivatives, and crypto markets.

TD Cowen has maintained its Buy rating and $16 price target for Ethereum accumulator Sharplink (SBET). According to The Block, Sharplink currently holds approximately 873,000 ETH, worth around $2 billion at current market prices. This translates to about $9.68 per share. The company's stock closed at $7.76 yesterday, trading at approximately 0.8 times its net asset value (NAV). TD Cowen noted that the stock's low price is becoming increasingly difficult to justify, considering the firm's capital efficiency and the growing demand for ETH.

Blockchain analytics firm Elliptic has raised $120 million in a new funding round backed by Deutsche Bank and Nasdaq's venture arm, Bloomberg reported. The investment comes amid a broader push by large financial institutions to expand their cryptocurrency operations. The round, led by One Peak Partners LLP, valued Elliptic at $670 million. The company plans to use the funds to accelerate service adoption and expand its global business.

Sol Strategy, which is implementing a SOL reserve strategy, announced that it has appointed Jon Matonis, a co-founding director of the Bitcoin Foundation, as Chairman of the Board.

TonStrategy (ticker: TONX), a Nasdaq-listed company making strategic investments in TON, announced that it held 221.9 million TON as of March 31. The holdings represent 4.29% of the total TON supply.