Odaily reported that Coinbase Asset Management (CBAM) has announced the launch of its digital credit strategy, CUSHY, introducing a tokenized shareclass mechanism to bridge the gap between traditional credit markets and on-chain financial systems. The strategy focuses on three key areas: on-chain highly liquid public credit assets, structured private credit for digital-native and traditional borrowers, as well as structural yield sources combining tokenization and protocol incentives. Built on Superstate's FundOS tokenization platform, it enables on-chain representation of fund shares and 24/7 trading capabilities, while supporting operations across multiple networks including Ethereum, Solana, and Base.

Odaily Odaily reports: He Lifeng, China's lead on China-U.S. economic and trade affairs and Vice Premier of the State Council, held a video call with the U.S. lead, Treasury Secretary Bessent and Trade Representative Greer. The two sides engaged in candid, in-depth, and constructive exchanges on implementing the important consensus reached between the Chinese and U.S. heads of state during their meeting in Busan and subsequent phone calls, focusing on further properly addressing each other's economic and trade concerns and expanding practical cooperation. The Chinese side expressed serious concerns over recent U.S. economic and trade restrictive measures against China. Both sides agreed to continue leveraging the role of the China-U.S. economic and trade consultation mechanism to continuously build consensus, manage differences, and strengthen cooperation, promoting the healthy, stable, and sustainable development of China-U.S. economic and trade relations. (CCTV News)

Odaily Planet Daily News: U.S. President Trump has proposed a new plan aimed at establishing a maritime coalition to reopen the Strait of Hormuz.（Xinhua News Agency）

Odaily reports that Saturn, a developer of on-chain yield stablecoins, announced it has purchased approximately $17 million worth of shares related to STRC, Strategy's perpetual preferred stock, over the past three days. Its total holdings have now increased to about $50 million. Analysts believe that Saturn's continued accumulation reflects long-term confidence in STRC's asset structure and yield mechanism, further strengthening its asset allocation within the on-chain yield stablecoin strategy.

According to Arkham monitoring, over the past 2 hours BlackRock transferred 725.36 BTC, worth $55.12 million, to Coinbase Prime via its Bitcoin exchange-traded fund IBIT; additionally, it transferred a total of 16,609 ETH, worth $37.57 million, to Coinbase Prime via its Ethereum exchange-traded fund ETHA.

Odaily reported that according to the latest data from Gate, the price of gold rose to $4,631.79 per ounce, up 1.94% intraday. The price of silver increased to $73.482 per ounce, up 3.09% intraday.

BVIX (Bitcoin Volatility Index) is currently quoted at 40.89, down 1.47% intraday. EVIX (Ethereum Volatility Index) is currently quoted at 58.50, up 1.56% intraday.

In the forex market, the US Dollar against Offshore Renminbi (USD/CNH) fell 0.21% intraday, with the current exchange rate at 6.83231. The US Dollar against the Japanese Yen (USD/JPY) fell 2.36% intraday, with the current exchange rate at 156.640.

In global stock indices, the Euro Stoxx 50 (EUSTX50) rose 0.68% intraday to 5,829.42 points; the UK FTSE 100 Index (UK100) rose 1.55% intraday to 10,354.14 points; the German DAX 40 Index (GER40) rose 1.20% intraday to 24,122.10 points.

In commodities, WTI crude oil fell 2.91% intraday to $107.60 per barrel. Brent crude oil fell 2.14% intraday to $115.25 per barrel.

Gate supports users in directly trading traditional financial market products on its platform, offering one-stop access to multiple asset classes including precious metals, forex, global stock CFDs, key indices, and commodities, achieving deep integration between crypto assets and traditional financial assets. Gate TradFi related features have been fully integrated into the Gate App and Web interface, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market, and continuously enhancing the multi-asset allocation experience.

Odaily: Hassett expressed disappointment over Federal Reserve Chair Powell's remarks. Hassett, Director of the White House National Economic Council, stated that he could not discuss whether Powell had informed the White House in advance. He expressed disappointment with Powell's comments. He hopes Powell understands that the Department of Justice has backed down. (Jinshi)

According to msx.com data, at the U.S. stock market open, the Dow rose 0.45%, the S&P 500 rose 0.36%, and the Nasdaq rose 0.57%. Crypto-related stocks are mixed, with Circle down 1.72%, Coinbase down 0.66%, Robinhood down 0.84%, Hut 8 up 4.83%, and Strategy up 1.91%.

It is reported that msx.com is a decentralized RWA trading platform that has listed hundreds of RWA tokens, covering U.S. stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

Odaily reported that Bitcoin remained near $76,000 on Thursday. After the Federal Reserve held interest rates steady, market attention quickly shifted to internal policy divergence and macroeconomic uncertainty. Analysts noted that Bitcoin remains suppressed below the key resistance range of $78,000 to $79,000, lacking short-term breakout momentum.

Thomas Perfumo, Chief Economist at Kraken, stated that the market is currently more focused on policy uncertainty stemming from internal "divisions" within the Federal Reserve rather than the inaction itself. This is particularly true against the backdrop of Chairman Jerome Powell's continued tenure and the potential expectation of Kevin Warsh succeeding him, creating a lack of clear policy transition.

Glassnode data shows that Bitcoin remains "trapped" below the True Market Mean, with resistance concentrated in the $78,000 to $79,000 range and support lying between $65,000 and $70,000. While selling pressure has eased, demand remains insufficient to support a sustained upward breakout.

On the macro front, the Fed has shown rare, severe internal disagreements, interpreted by the market as rising uncertainty over the inflation path. Analysts from institutions like Bitget Wallet and 21Shares point out that the expectation of "higher rates for longer" is suppressing risk asset performance, pushing the crypto market into a wait-and-see phase.

Regarding capital flows, U.S. Bitcoin spot ETFs have recorded net outflows for three consecutive days, with a single-day outflow of approximately $138 million on April 29. Ethereum ETFs saw outflows of about $87.7 million over the same period. Although individual products still saw inflows, the overall trend indicates cooling institutional demand.

Meanwhile, CME open interest and ETF assets under management have stabilized but have yet to show strong signals of capital return. In the derivatives market, short positions in perpetual contracts have reached an all-time high, suggesting a potential squeeze if sentiment improves. However, the current market remains dominated by a low-volatility, low-confidence consolidation structure.

Overall, Bitcoin is caught in a tug-of-war between an improving support structure and weak demand. Sustained ETF outflows, policy uncertainty, and macroeconomic risks collectively suppress its ability to break through the key resistance range. (The Block)

Odaily reported that Franklin Templeton officially disclosed data showing its Franklin OnChain U.S. Government Money Fund (FOBXX) has been listed for five years. Operating in the form of BENJI tokens, as of April 2026, it has become the second-largest real-world asset (RWA) on the Stellar network, with assets under management reaching $1.98 billion.

Odaily Seer Prophet Channel monitoring shows that the Polymarket probability of "0 Fed rate cuts of 25 bps in 2026" has risen to 58%, up 9% in the past 24 hours. To date, the total trading volume for the "How many 25 bps rate cuts by the Fed in 2026" prediction event has approached $22 million.

The contract rules for this event are: Settlement is based on the actual number of 25 basis point rate cuts by the Federal Reserve in 2026 (including any cuts at the December meeting). If the Fed cuts rates by 50 basis points following one meeting, it will be counted as two separate 25 bps cuts. Emergency rate cuts outside of the regularly scheduled Federal Open Market Committee (FOMC) meetings will also be included in the total number of rate cuts for 2026. The market will remain open until 11:59 PM Eastern Time on December 31, 2026. If the specified number of rate cuts cannot be achieved, the market will resolve to "No" early.

Following the release of U.S. economic data today, U.S. interest rate futures data indicated a slight increase in market expectations for the probability of a Federal Reserve rate hike before the end of 2026.

Odaily Seer Prophet Channel continues to monitor the prediction market, seeing change before the price is set.

Odaily reported that Nasdaq-listed company Datavault AI has announced a strategic partnership with King Mining Capital to jointly launch the GoldVault™ gold tokenization initiative valued at over $150 million, while simultaneously advancing equity investment, physical gold acquisition, and mineral revenue binding structures.

According to the agreement framework, Datavault AI will receive a 5% equity stake in King Mining Capital, along with an additional 5% warrant upon completion of the tokenization project. Furthermore, the company plans to acquire 20,000 ounces of physical gold at a 30% discount through stock-based payment. (Businesswire)

Odaily reported that according to insiders, the White House is drafting a memorandum on artificial intelligence. The memo calls on U.S. agencies to use multiple AI vendors. It also urges AI companies to respect the military chain of command. The White House AI memorandum is still in the draft stage and may be subject to changes.(Jin Shi)

Odaily reported that Polymarket announced the launch of an on-chain market integrity monitoring system solution to monitor trading behavior and enforce platform market compliance rules. The system will be built in collaboration with blockchain data analytics firm Chainalysis, covering the entire Polymarket DeFi transaction process, including real-time on-chain analysis of trading, positions, and settlement data, and identifying potential misconduct through multi-layered monitoring mechanisms, with a focus on insider trading and market manipulation.

Polymarket stated that all its transactions are completed on a public blockchain. This collaboration will further amplify the advantages of on-chain transparency, enabling regulators and law enforcement agencies to obtain verifiable on-chain evidence, thereby establishing new compliance standards in the prediction market sector. Polymarket founder and CEO Shayne Coplan stated that the platform has emphasized transparency and traceability since its inception, and this collaboration will further solidify its positioning as a "trustworthy source of market information." (Businesswire)

Odaily reports that blockchain intelligence firm TRM Labs' latest report shows that approximately 76% of losses from global cryptocurrency hacks in the first four months of 2026 were linked to North Korea-affiliated groups, with stolen assets totaling around $577 million. North Korea's share of global crypto theft has been steadily rising: 22% in 2022, 37% in 2023, 39% in 2024, 64% in 2025, and further increasing to 76% in 2026. Since 2017, cumulative illicit gains have exceeded $6 billion.

The report notes that these losses primarily stem from two major incidents in April: a $292 million attack on KelpDAO and a $285 million theft from Drift Protocol. Together, these two attacks accounted for approximately 3% of all hacking incidents during the period. (The Block)

Odaily Odaily, Gemini's Olympus division has officially obtained a Derivatives Clearing Organization (DCO) license from the U.S. Commodity Futures Trading Commission (CFTC). It can now independently handle settlement, risk management, and collateral management as an internal clearing house, completely eliminating reliance on third-party clearing. This is expected to significantly reduce operating costs and improve trading efficiency.

Previously, Gemini already held a CFTC Designated Contract Market (DCM) license. The combination of both licenses enables it to conduct full-stack compliant operations in the futures, options, perpetual contracts, and prediction markets. Currently, Gemini is accelerating its application for a Futures Commission Merchant (FCM) license to complete its full suite of CFTC qualifications, positioning itself for direct competition with Kraken and Coinbase in the U.S. compliant derivatives market. (The Block)