Crypto News
Today (05/07/2026)
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Japan plans to put government bonds on the chain for 24-hour trading
ChainCatcher news, according to the Nikkei report, many major Japanese banks and securities companies plan to issue Japanese government bonds in the form of digital securities within 2026 and manage them on the blockchain, achieving 24×7 hours of government bond trading.
Relevant institutions will introduce yen-denominated stablecoins that can be circulated on the blockchain for fund settlement to reduce settlement costs, speed up delivery, and improve the efficiency of institutional investors' use of funds. The digital Treasury bond scheme will allow Treasury bonds to circulate outside of traditional market trading hours, and the relevant infrastructure and institutional design are being jointly promoted by financial institutions.
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Sister Wood clarified that the 1011 flash crash was not actually triggered by Binance
ChainCatcher news, recently "Sister Wood" Cathie Wood had a podcast conversation with CZ, Sister Wood clarified her comments on the 1011 crypto market flash crash last year, in the "flash crash" event, Binance did not actually trigger the flash crash, it was the crash that caused the failure, and the superimposed tariff panic caused the market vulnerability to be amplified.
CZ responded to this: Thank you for the clarification, that passage has been heavily quoted in the media, many people say Binance caused the crash, I'm glad you clarified this now.
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The new version of the sato document acknowledges that there are structural spreads in Bonding Curve trading
Odaily Planet Daily News sato released a new version of the mechanism document, which further explains the Curve operation logic. The document shows that sato's Bonding Curve is not a completely symmetrical exchange system, and users use different pricing logic for mint and burn, and the burn price will be structurally lower than the mint price due to amendments.
According to the document, sato officially defines Curve as "issuance system + final repurchase pool" rather than a fully redeemed backing system. Curve is mainly responsible for issuing tokens in the early stage, but after external liquidity matures, it transforms into a "buyer of last resort", providing on-chain buyback functions when liquidity in the secondary market is insufficient.
Previously, some developers in the community pointed out that there was a state misalignment between ethCum and totalMintedFair within sato Hook, causing users to "buy at high curve and sell at low curve".
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CZ: YZi Labs currently invests 20% in AI and 70% in blockchain
Odaily Planet Daily News CZ said at the Consensus Miami 2026 conference that YZi Labs is still investing 70% of its funds in blockchain, 20% in AI, and 10% in biotechnology. Cryptocurrencies should be the most native way for AI Agents to make cross-border payments. On the RWA side, CZ said that a year ago RWA was considered overvalued, but now the perception has changed, RWA is real and currently undervalued.
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An address bought $480,000 SATO at a high point, and currently has a floating loss of $276,000
Odaily Planet Daily News According to the monitoring of on-chain analyst Aunt Ai, the address 0xe5f... In the past 11 hours, CCEAF bought $480,000 of SATO at an average price of $1.4304, which happened to be bought at a high point, becoming the address with the highest buying amount in the past 24 hours (also the second address on the list), with a current floating loss of $276,000. 23 hours ago, he raised 1.23 million USDC from Hyperliquid, or used to open a position, and there are still 750,000 USDC unused in his wallet, and sato is his only memecoin, which has not been reduced despite a lot of declines.
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The New York Fed survey shows that consumers' long-term inflation expectations remain stable
ChainCatcher news, according to Golden Ten, the New York Fed survey showed that despite the new price pressures brought by the Iran war, U.S. consumers' long-term inflation expectations remained stable in April. Inflation expectations for the next 12 months rose slightly, but inflation expectations for the next three or five years remained unchanged compared to the March survey, indicating that consumers believe the price shock from the war will be temporary. The survey also revealed that consumers are uneasy about the labor market, believing that the probability of an increase in unemployment in the next 12 months is 44%, the highest level in a year.
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CZ: Wall Street and crypto should essentially be the same industry
Odaily Planet Daily News CZ said in a podcast conversation with Cathie Wood that "Wall Street and crypto should essentially be the same industry." He pointed out that Binance's current approximately 320 million users are driving strong demand for high-quality real-world assets (RWAs), and tokenization is accelerating the entry of assets such as gold, crude oil and stocks into the on-chain market. The tokenization trend is making traditional assets more accessible to crypto-native investors, while geopolitical volatility is also making the "24-hour global market" the new normal in the financial system. In addition, traditional financial institutions were the strongest skeptics in the crypto industry in 2015, but now they have gradually shifted to participate in construction and infrastructure layout, and industry boundaries are rapidly converging.
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Aave will overhaul collateral and adjust asset listing standards to address the risk of KelpDAO vulnerabilities
ChainCatcher news, according to CoinDesk, Aave Labs will rewrite the asset listing and collateral risk control rules, add a review of compatibility, network security, and underlying architecture in addition to the existing price and volatility assessment, and issue minimum standard guidelines for asset issuers.
This move stemmed from the attack on KelpDAO's cross-chain bridge in April, where hackers minted approximately $293 million in unendorsed rsETH and lent real wETH on Aave, causing hundreds of millions of dollars in bad debts to the protocol. Aave will also shift from a single-pool perspective to studying systemic correlations between different DeFi protocols to reduce cross-protocol risks and call on other DeFi projects to follow similar standards.
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Ethena: Gold has more space for futures and cash arbitrage than BTC and ETH
Odaily Planet Daily News Ethena officially released an arbitrage analysis on the gold token (PAXG, XAUT) perpetual contract market on X. Data shows that over the past twelve months, PAXG's annualized funding rate has been 5.8% and XAUT's has been 12.4%, both well above the average for BTC and ETH over the same period (5.2% and 4.1%, respectively). The daily volatility of the gold funding rate is higher than that of cryptocurrencies, which is due to the lower trading volume in the market, but the gold funding rate is positive 82% to 89% of the time, which is largely in line with BTC (88%) and ETH (85%).
In addition to this, Ethena also said that the funding rates of gold and cryptocurrencies are almost unrelated, and when the funding rates of cryptocurrencies are compressed, the funding rates of gold tend to remain stable or rise. Therefore, including gold perpetual contracts in the futures and spot arbitrage portfolio (holding both spot and equal short orders) will increase the level of return and reduce yield volatility.
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Lido updates Kelp security incident handling progress: EarnETH vault plans to reopen after the protocol is restored
Odaily Planet Daily News Lido released the latest progress on the Kelp security incident, stating that the Snapshot vote on the EarnETH first loss protection mechanism below the 1% threshold has reached the quorum and has been approved, and the EarnETH user losses will be fully covered by the Lido Earn first loss mechanism. The rsETH held by the attacker has been liquidated, and the associated stETH has been transferred to the DeFi United bailout program.
In addition, the EarnETH vault is expected to reopen shortly after the Kelp protocol resumes operation, allowing users to deposit and withdraw operations normally. Lido emphasized that EarnETH and EarnUSD vaults continued to generate yields during the freeze. Currently, EarnETH users only need to wait for the short unfreezing process to complete, and they can receive compensation according to the first loss protection mechanism after the funds are restored.
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Citigroup: Oil prices will continue to fluctuate violently, waiting for the US-Iran agreement to become clear
Max Layton, head of global commodity research at Citigroup, said oil prices will continue to fluctuate wildly until it becomes clear whether Iran and Trump can reach an agreement. "It's hard to predict whether Iran will reach a deal, and in an environment where you don't know if there will be a deal, the market is bound to be news-driven and volatile in a way that fluctuates wildly." Crude oil fell for the third straight session on Thursday, and Layton said the decline stemmed in part from "the market's hope that the two sides can start negotiating an agreement."
However, the pressure on the physical crude oil market in the Middle East still exists. Traders said a shipment delay at a key crude oil loading terminal in Oman, located outside the Strait of Hormuz, in April, disrupted shipping plans and could delay delivery to buyers. Layton said the global physical crude oil market has accumulated about 700 million to 800 million barrels of "considerable buffer stocks" over the past 12 months, and "we are rapidly depleting those stocks," he said, but the effects will "gradually be felt over a longer period of time." He added that before actually lowering his oil price forecast, he needs to see if Iran is ready to seriously reach an agreement with the United States.
Last month, Citi raised its benchmark price forecast for Brent crude oil by $15 to $110 per barrel after the second round of U.S.-Iran peace talks failed, and postponed the benchmark expectation for the reopening of the Strait of Hormuz from mid-to-late April to the end of May. (Jin Shi)
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Bitwise launches its first tokenized crypto fund, USCC
Odaily Planet Daily News Matt Hougan, chief investment officer of Bitwise Asset Management, announced the launch of the first tokenized fund, the Bitwise Crypto Carry Fund (USCC), on the X platform, and said that "eventually every fund will be tokenized." USCC funds adopt a market-neutral strategy, mainly through basis trade in the crypto market, and USCC is currently open to accredited investors, and fund shares are issued in accordance with relevant exemptions from U.S. securities laws.
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Public acquired the AI investment platform Treasury App to lay out AI brokerage business and crypto trading
Odaily Crypto-friendly investment application Public announced the acquisition of the AI investment service platform Treasury App, the specific acquisition amount has not been disclosed, in order to strengthen the layout of AI-driven brokerage business, focusing on promoting the investment experience upgrade with AI as the core, and currently Public supports stocks, bonds, and cryptocurrencies such as BTC, ETH, SOL, etc. (Prnewswire)
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U.S. Senator Warren sent a letter to Zuckerberg asking Meta to disclose details of its latest stablecoin plan
According to ChainCatcher news, U.S. Senator Elizabeth Warren sent a letter to Mark Zuckerberg, asking Meta to provide more information about its latest stablecoin plan and criticizing the company's "worrying lack of transparency" in related businesses.
Elizabeth Warren said in the letter that given Meta's huge global user size, any of its stablecoin-related businesses could have a significant impact on market competition, user privacy, payment system integrity and financial stability. According to previously disclosed information, Facebook has tested stablecoin payment functions for some creators in Colombia and the Philippines, and the relevant solution is based on USD Coin (USDC), and users need to bind a third-party crypto wallet address. A Meta spokesperson responded that the company "does not have Meta stablecoins" and currently only hopes that users and merchants can use a variety of payment methods, including third-party stablecoins, on the platform. Notably, Meta launched the stablecoin project Libra (later renamed Diem) in 2019, but it was ultimately terminated in 2022 due to regulatory pressure. Warren has long been one of the toughest crypto critics in the U.S. Congress and has repeatedly questioned Meta's stablecoin plans.


