Crypto Morning Brief: Iran Accepts Pakistan’s Ceasefire Proposal; PBOC Increases Gold Reserves for 17th Consecutive Month
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Crypto Morning Brief: Iran Accepts Pakistan’s Ceasefire Proposal; PBOC Increases Gold Reserves for 17th Consecutive Month
CME Group announced that AVAX and SUI futures contracts will launch in May.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday’s Market Highlights
Iran Accepts Pakistan’s Two-Week Ceasefire Proposal
According to JINSHI Data, Iran has accepted Pakistan’s two-week ceasefire proposal; the ceasefire plan has been approved by Iran’s newly appointed Supreme Leader.
Iranian Missiles Target Israel Following U.S.-Iran Ceasefire
According to CCTV International News, the Israeli Defense Forces reported early this morning (April 8) local time that a new round of Iranian missile launches had been detected.
SEC Withdraws Multiple Crypto Enforcement Actions, Shifts Focus to Substantive Fraud
According to an official SEC announcement, the U.S. Securities and Exchange Commission (SEC) has significantly adjusted its enforcement strategy for digital assets in fiscal year 2025. Since February 2025, the SEC has withdrawn seven crypto-related enforcement actions initiated by the prior Commission—targeting Coinbase, Binance, Kraken, Cumberland DRW, Consensys, Dragonchain, and Balina—citing insufficient basis under federal securities laws.
Meanwhile, the SEC has established a Cyber and Emerging Technologies Division, dedicated to combating securities violations involving blockchain technology, artificial intelligence, and cybersecurity. In specific enforcement actions, the SEC has filed lawsuits against: Unicoin, a New York-based crypto firm, and its four executives for alleged material misrepresentations misleading investors; Ramil Palafox, founder of PGI Global, for allegedly orchestrating a $198 million crypto and forex fraud scheme and misappropriating over $57 million; and Nate, Inc., an AI company, whose founder allegedly raised more than $42 million illegally through false claims about the company’s AI capabilities.
The People’s Bank of China Continues Gold Purchases for the 17th Consecutive Month
As of end-March, the People’s Bank of China’s gold reserves stood at 74.38 million troy ounces (~2,313.48 metric tons), up 160,000 troy ounces (~4.98 metric tons) from end-February’s 74.22 million troy ounces (~2,308.5 metric tons)—marking the 17th consecutive month of gold purchases.
Aave Founder Responds to Chaos Labs’ Departure: Dual-Layer Risk Management to Continue; LlamaRisk Steps In
Stani Kulechov (@StaniKulechov), Aave’s founder and CEO, announced that Chaos Labs has stepped down from its risk management role within the Aave DAO. Aave Labs expressed respect for the decision and gratitude for Chaos Labs’ long-standing contributions, confirming that protocol smart contracts and network deployments remain unaffected.
Aave Labs revealed that it had engaged in multiple rounds of negotiations with Chaos Labs regarding contract renewal, agreeing to raise Chaos Labs’ risk management fee from its current level to $5 million—but rejecting a proposed $8 million fee. Aave Labs also explicitly opposed three terms: appointing Chaos Labs as the sole risk manager, replacing Chainlink with Chaos Labs’ oracle, and designating Chaos Labs’ unaudited treasury as the default treasury for all B2B integrations.
Aave Labs emphasized its continued commitment to a dual-layer risk management model and plans to introduce a third layer of technical risk management led by Aave Labs itself. During the transition, LlamaRisk will assume expanded risk coverage responsibilities previously handled by Chaos Labs. Aave Labs will support LlamaRisk’s team expansion and budget increase, and provide engineering and analytical resources to ensure a smooth handover.
Fox Partners with Prediction Market Platform Kalshi on Data Integration
According to The Block, Fox Corporation and prediction market platform Kalshi have announced a data partnership. Kalshi’s real-time data will be integrated into Fox News, Fox Business Network, Fox Weather, and the streaming platform Fox One—excluding Fox Sports for now, though Kalshi indicated future inclusion is possible. Previously, Kalshi had entered similar partnerships with CNN and CNBC.
CME Group to Launch AVAX and SUI Futures Contracts in May
According to CME Group, CME Group plans to launch Avalanche (AVAX) and Sui (SUI) futures contracts on May 4, 2026, pending regulatory approval. Both assets will be offered in standard and micro contract sizes: AVAX contracts will be for 5,000 and 500 AVAX respectively; SUI contracts will be for 50,000 and 5,000 SUI respectively. These new contracts will join CME Group’s existing crypto derivatives suite, which already includes Cardano, Chainlink, and Stellar futures. Additionally, CME Group’s cryptocurrency futures and options will begin supporting 7×24 trading starting May 29.
Crypto Hedge Fund Split Capital Shuts Down; Founder Joins Stablecoin Startup Plasma
According to Fortune, Zaheer Ebtikar, founder of crypto hedge fund Split Capital, announced the fund’s closure and his formal appointment as Chief Strategy Officer at stablecoin startup Plasma. Ebtikar stated the closure was not due to poor performance but rather reflects his view that the crypto hedge fund business model is no longer viable. He noted that institutional investors can now allocate directly to crypto assets via compliant channels—such as digital asset ETFs launched by traditional financial institutions like BlackRock and Fidelity—causing demand for crypto hedge funds to decline sharply. Meanwhile, the crypto venture capital space is undergoing “massive consolidation,” with prices of major cryptocurrencies—including Bitcoin and Ethereum—down nearly 50% from their 2025 all-time highs.
DeFi Lending Protocol Seamless Protocol Announces Shutdown; Users Must Withdraw Assets by June 30
According to an official Seamless Protocol announcement, Seamless Protocol—a Base-chain DeFi lending protocol operating for over two and a half years—has officially announced its shutdown. Its user interface (UI) will go offline on June 30, 2026, and team support will cease simultaneously. Users must withdraw all assets via the UI before this date; afterward, withdrawals will require manual interaction with smart contracts—complex and unsupported.
The team cited the failure of leveraged tokens to achieve product-market fit as the core reason for shutdown: structural liquidity shortages in the DeFi lending market prevented scale-up, volatile lending rates eroded returns, and the protocol lacked a sustainable revenue path. The team also observed a broader DeFi market shift toward actively managed vaults—a fundamental mismatch with Seamless Protocol’s non-custodial, fully automated product positioning. Additionally, the team will submit a governance proposal to distribute remaining DAO treasury assets to SEAM token holders.
SOL Strategies Acquires Darklake Labs, Integrating Zero-Knowledge Privacy Technology
According to SOL Strategies’ official website, SOL Strategies Inc. has signed a definitive agreement to acquire the assets of Darklake Labs—a Solana-native zero-knowledge technology company—for $1.2 million, comprising $200,000 in cash and $1 million in the company’s common stock.
Darklake’s flagship product, Zyga, is a dynamic zero-knowledge proof system natively built for Solana, enabling privacy protection at the transaction execution layer while eliminating front-running and sandwich attacks.
Upon closing, Darklake’s core team—including CEO Vitor Py Braga (formerly of Meta and IBM), COO Amber Hales (formerly of Coinbase, with nearly a decade of compliance experience), and Zero-Knowledge Research Lead Tiago Alves—will join SOL Strategies.
Cardano and Draper Dragon Launch $80 Million Ecosystem Fund Orion Fund
According to the Cardano Foundation’s official website, Cardano and Draper Dragon jointly announced the launch of the Orion Fund on April 7, with an initial size of $80 million. The fund focuses on investing in native and integrated Cardano projects to accelerate institutional adoption. Draper Dragon serves as fund manager, the Cardano Foundation acts as constitutional administrator, and Draper University serves as acceleration partner providing incubation support.
Investment priorities include real-world assets (RWA) and institutional-grade decentralized finance (DeFi), with preference given to cross-chain integration projects leveraging both Cardano’s and Bitcoin’s shared UTxO model. Governance-wise, the fund establishes Arouet Holdings—a memberless special-purpose vehicle—to gradually return proceeds to the Cardano treasury and commits to publishing a public, real-time dashboard and holding quarterly ecosystem roundtables.
Market Data
Recommended Reading
The Overestimated Individual: A Survival Portrait of China’s “One-Person Companies”
https://www.techflowpost.com/zh-CN/article/31011
This article examines the current state and challenges facing China’s “one-person companies,” analyzing the underlying logic of their success, developmental bottlenecks, and potential pathways forward. Through multiple case studies, it reveals that the “one-person company” is not an end state but rather a time-bound window—emphasizing the importance of rapid validation and breakthroughs past critical constraints.
Aave—the Largest DeFi Protocol—Loses Key Security Team; Who Will Withstand the Next Black Swan in Bear Markets?
https://www.techflowpost.com/zh-CN/article/31001
This article details how Aave—one of DeFi’s largest lending protocols—is facing a crisis marked by successive departures of core team members. Chaos Labs, responsible for risk management, announced its withdrawal from collaboration, citing insufficient budget, increasing workload, and lack of clear legal protections. Additionally, BGD Labs—the core development team behind Aave V3—and governance service provider ACI have also recently departed. While Aave’s operations and user experience remain largely unaffected, these exits expose latent industry-wide issues in risk management, legal frameworks, and governance models.
Deep-Dive Analysis of The New Yorker’s Investigative Report: Why OpenAI’s Own Employees Consider Altman Untrustworthy
https://www.techflowpost.com/zh-CN/article/30998
This article draws upon The New Yorker’s investigative reporting to reveal OpenAI’s evolution—from a mission-driven nonprofit to a commercially oriented enterprise. It focuses on CEO Sam Altman’s credibility issues and the company’s loosening commitments to safety amid commercialization, as well as internal management divisions. These developments have sparked deep concerns about OpenAI’s future trajectory and its broader societal implications.
Anthropic’s Revenue Surpasses $30 Billion; Secures 3.5-Gigawatt Compute Deal with Google and Broadcom
https://www.techflowpost.com/zh-CN/article/31003
This article discusses Anthropic’s annualized revenue surpassing $30 billion—more than tripling from $9 billion at end-2025. In the AI compute arms race, Anthropic has adopted a light-asset model, locking in capacity and pricing through long-term compute agreements instead of building data centers or purchasing chips directly. Broadcom confirmed it will supply Anthropic with approximately 3.5 gigawatts of next-generation TPU compute starting in 2027. Additionally, Claude Code—Anthropic’s flagship product—drives most of its revenue growth and competes directly with OpenAI. The two companies pursue fundamentally different compute strategies.
DeFAI Tool Roundup: How to Use AI Agents to Drive On-Chain Asset Management?
https://www.techflowpost.com/zh-CN/article/31000
This article provides an in-depth exploration of DeFAI (the convergence of decentralized finance and artificial intelligence), covering its conceptual framework, technical architecture, evolutionary trajectory, key application scenarios, and security challenges. It analyzes the current state and trends of DeFAI development, highlighting both opportunities and risks in the sector.
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