Odaily News According to two informed sources, SpaceX has agreed to acquire Cursor for over $50 billion. Cursor is a rapidly growing AI startup focused on developing code-writing software. SpaceX is making this deal as it prepares for what could be one of the largest IPOs in history. Founded in 2022, Cursor has raised over $3 billion and once made waves as one of the fastest-growing AI startups. SpaceX previously stated that Cursor has granted SpaceX the right to acquire Cursor for $60 billion, or SpaceX could alternatively pay $10 billion for the results of their collaboration. (Reuters)
Odaily News According to the Associated Press: U.S. Vice President Vance has canceled his trip to Pakistan.
Odaily News Iran's negotiation team has informed the United States through Pakistani intermediaries that, for various reasons, they will not travel to Islamabad, Pakistan on the 22nd, and there is currently no possibility of participating in the talks. Relevant sources pointed out that after Pakistan intervened in mediation and requested a ceasefire from the United States, Iran accepted the ceasefire agreement and agreed to hold follow-up negotiations to end the war based on a ten-point framework it proposed, which had been accepted by the United States. Pakistan also explicitly announced that the United States had accepted this framework. However, within days, the United States began to renege on its commitments. Furthermore, during the first round of talks held in Islamabad, the United States put forward many excessive demands, which in fact violated the initial framework, leading to a deadlock in that round of negotiations. Sources also stated that in the exchanges over the past few days, the US side has insisted on its excessive demands, which infringe upon the absolute rights of the Iranian people, and the exchanges between the two sides have not made any substantive progress. Therefore, Iran has finally announced today that under these circumstances, participating in the talks is a waste of time, as the United States is preventing the achievement of any substantive agreement.
Odaily According to a post by U.S. President Trump on "Truth Social" on the afternoon of April 21 local time, in response to requests from the Chief of Army Staff and the Prime Minister of Pakistan, the United States will temporarily suspend military strikes against Iran, extend the ceasefire period, and require Iran to first present a unified negotiation proposal. During this period, the U.S. military will continue to enforce a maritime blockade against Iran while maintaining a state of military readiness. He stated that the ceasefire will last until Iran submits its proposal and completes negotiations, "regardless of the outcome."
Odaily News: An advisor to the Speaker of the Iranian Parliament stated that Trump's ceasefire extension is meaningless, and the losing side cannot dictate the terms. The continuation of the U.S. blockade is no different from bombing and must be met with a military response. Trump's extension of the ceasefire is undoubtedly to buy time for a surprise attack, and Iran must take the initiative to strike first.
Odaily News According to reports, in response to U.S. President Trump's announcement of extending the ceasefire, a spokesperson for the Khatam al-Anbiya Central Command of the Iranian Armed Forces warned the United States early this morning (April 22), stating, "The Iranian Armed Forces have long been 100% combat-ready and are prepared to open fire at any moment. Should any aggression or action against Iran occur, Iran will immediately strike predetermined targets with formidable force, delivering a lesson to the United States and Israel that is more severe than any in the past."
Odaily News Etherealize has released its latest report, adjusting the long-term price expectation for Ethereum (ETH) to $250,000.
This prediction is based on a core assumption: if ETH can capture a "monetary premium" similar to gold and Bitcoin, securing a place in the approximately $31 trillion store-of-value market, its price could reach this level.
The report argues that ETH possesses unique historical attributes, serving not only as a store of value but also as a "yield-generating asset," distinguishing it from traditional asset forms.
Odaily News Kevin Warsh stated during a Senate hearing that digital assets "have become part of the U.S. financial system" and supports their inclusion into the financial system to provide investors with more opportunities and protection.
This statement is seen as a signal of a generally more open policy towards the cryptocurrency industry should he become the Federal Reserve Chair. Warsh has previously referred to Bitcoin as an "important asset that aids in policy-making."
However, Elizabeth Warren expressed concerns during the hearing, mentioning potential risks in the crypto space such as "sock puppet" accounts, emphasizing the need for enhanced regulation and prevention of abuse.
Odaily News SoFi announced that its crypto business now supports XRP deposits, but the temporary inability to withdraw XRP to external wallets has sparked user dissatisfaction.
Currently, users can only hold or trade XRP within the platform and cannot transfer it out to on-chain wallets. This design has been criticized by some users as an "ETF-like model," arguing that it only provides price exposure without truly connecting to the crypto ecosystem.
SoFi stated that it will enable withdrawal functionality in the future but has not provided a specific timeline.
Odaily News Letitia James has filed lawsuits against Coinbase and Gemini, alleging that they provide "disguised gambling" services through their prediction market platforms, violating New York state law.
Regulators argue that this type of trading based on event outcomes (such as sports, elections) is essentially a form of gambling activity. They particularly question the platforms allowing participation from users aged 18 to 21, while New York law sets the minimum age for sports betting at 21. Prosecutors are seeking substantial fines and the disgorgement of profits, including claims of at least $2.2 billion from Coinbase and at least $1.2 billion from Gemini.
The two companies have not yet formally responded, but Coinbase stated that prediction markets are regulated by the Commodity Futures Trading Commission, implying their legality falls under federal jurisdiction.
Odaily News The PACE Act, proposed by bipartisan U.S. lawmakers, aims to allow compliant non-bank payment institutions direct access to the Federal Reserve's payment system, garnering support from the cryptocurrency industry.
The bill would establish a federal framework overseen by the Office of the Comptroller of the Currency, providing a unified registration pathway for payment companies and requiring them to maintain 1:1 reserves while meeting risk control and record-keeping compliance requirements. Eligible institutions would gain access to core payment networks such as Fedwire, FedNow, and FedACH.
The legislative goal is to reduce payment costs, improve speed and reliability, making the transfer experience as simple as "sending a text message." Industry perspectives suggest this move could potentially break the traditional banking monopoly on underlying payment infrastructure, opening a crucial gateway for stablecoins and crypto payment companies, further promoting openness and competition within the financial system.
Odaily News Polymarket announced in a post that it will launch a Perpetual Contracts (Perps) feature, allowing users to participate in prediction market trading with leverage on the platform in the future. Early access registration is now open.
Odaily News White House officials stated that Witkoff and Kushner have also not left the United States. They were originally scheduled to travel to Pakistan as members of the U.S. delegation alongside Vance, but all three individuals are currently remaining within U.S. territory. (Jin10)
Odaily News: During his confirmation hearing before the Senate Banking Committee, Federal Reserve Chair nominee Kevin Warsh faced questions regarding his financial disclosures exceeding $100 million, potential conflicts of interest, and the Fed's independence. Senator Elizabeth Warren raised concerns that he might provide special accounts for the Trump family's crypto company or bailouts for Wall Street. Kevin Warsh stated that his holdings include cryptocurrencies and AI companies, and he pledged to divest these assets before taking office if his nomination is confirmed. Regarding cryptocurrencies, Kevin Warsh stated that digital assets are part of the U.S. financial services industry. Additionally, Kevin Warsh denied that Trump had ever asked him to commit to any specific interest rate decisions. Jerome Powell's current term is set to end on May 15th, and Polymarket users predict a 78% probability that his nomination will be approved before June.
