Musk has now followed TikTok's official push

Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Banking Corporation (SMBC), TIS, Ava Labs, and Fireblocks have signed a memorandum of understanding to jointly explore the future commercialization and application of stablecoins. According to the agreement, all parties will collaborate to develop a framework for the issuance and circulation of stablecoins, with a focus on researching technical, regulatory, and market infrastructure needs. This discussion is not limited to pilot projects, but will also clarify the specific usage scenarios of stablecoins in commercial applications. In addition, the collaboration will explore the potential applications of stablecoins as settlement tools, including for tokenizing financial assets and settling actual assets such as government and corporate bonds, real estate.

On April 2nd, according to The Block, Elon Musk's social media platform X has filed a request with the US Supreme Court to prevent law enforcement agencies from forcing companies (such as cryptocurrency trading platform Coinbase) to hand over users' financial data. In a friend of the court opinion submitted to the Supreme Court last Friday, X Corp. stated that the Internal Revenue Service (IRS) had obtained Coinbase's three-year trading records through subpoenas without a search warrant, involving over 14000 customers of the exchange, including the trading records of petitioner James Harper. Social media giant X, along with seven other research institutions and advocacy organizations, has jointly questioned the use of so-called 'suspectionless subpoenas', arguing that such demands violate users' privacy rights. X Company claims that the US Internal Revenue Service "obtained a large number of Coinbase user records through mass subpoenas without specific suspicion," thereby violating Harper's Fourth Amendment rights to the US Constitution.

Odaily Planet Daily News: IG analysts stated in a report that if the US announces tariffs early tonight and trade policies remain unclear, risk asset prices may further decline. They stated that investors are still "deeply uncertain about the scope, scale, and objectives of these measures. The lack of transparency has exacerbated investor anxiety, pushing gold prices to record highs." The United States is facing factors such as a slowdown in manufacturing, rising inflationary pressures, and weak consumer spending, which have complicated the role of the Federal Reserve. The global market is currently in a stagnant state, but once the tariff policy is announced, it will face "significant fluctuations", and the stock market, foreign exchange market, and commodity market may experience significant fluctuations. (Golden Ten)

Odaily Planet Daily News: According to on chain analyst Yu Jin's monitoring, a whale has suffered a loss of 22.42 million yuan (-69%) since October last year. The operation is as follows: -Firstly, in October of last year, 21 addresses were used to purchase 8.917 million EIGENs for 32.45 million US dollars, with an average price of 3.64 US dollars; -At the end of December, 2.417 million EIGEN were sold at an average price of 3.77 US dollars for 9.12 million USDC. Then, at the highest level of HYPE, it took over 295000 HYPEs at $30.9, and now the price of HYPE is only $13, resulting in a loss of $5.21 million on HYPE; -In recent days, the whale has sold 2.862 million EIGEN for 31.6 WBTC ($3.05 million) at a price of $1.068. The whale's $32.45 million from October last year has now turned into 295000 HYPE ($3.9 million), 3.638 million EIGEN ($3.08 million), and 36.1 WBTC ($3.05 million). The total value is 10.03 million US dollars.

Odaily Planet Daily News: The World Assets Protocol (WAT), a global RWA (physical asset tokenization) protocol, announced that the gold assets of Hong Kong's Meiya Group, the Dubai landmark building project NAmeriaREAM, and the natural gas resources of Turkmenistan's National Natural Gas Company will be mapped on the chain in the near future and officially integrated into the WAT protocol ecosystem. This move connects the liquidity channel between traditional high-value assets and the cryptocurrency market through a technological framework, further promoting the standardization process of the RWA track. 1. Hong Kong's gold assets are jointly managed by Meiya Group and Hong Kong Heraeus Gold Melting Plant to establish a gold regulatory warehouse, which relies on the WAT agreement to convert physical gold into ERC721 certified NFTs and anchor tokens ATC. Investors can obtain tokens and stable USD returns (annualized 8% -10%) by holding gold asset warrants on the chain, which are mapped 1:1 to the value of physical gold, while avoiding the liquidity restrictions and custody risks of traditional gold trading. 2. NamericaREAM is a high-end real estate development project for Dubai's pre-sale properties. It collaborates with Dubai Royal Real Estate Group EMAAR to achieve on chain transactions of pre-sale properties through the dynamic mapping layer of the WAT protocol, enabling users to trade properties through ATC. And mint the income token INC (Income Token) to inject the investment income of pre-sale buildings into the chain. 3. As an important global energy asset, the natural gas resources of Kurmanstan will have their natural gas extraction rights and sales revenue digitized through the compliance pre-processing layer of the WAT protocol (audited by institutions such as JPMorgan Chase) and ZK technology, introducing energy related targets with an annualized stable cash flow of over 10% to the cryptocurrency market while ensuring on chain transaction compliance. The current management scale of the WAT agreement exceeds 270 million US dollars, covering diversified assets such as energy, real estate, and precious metals. This cooperation marks the recognition of traditional giants towards the on chain ecosystem and is expected to attract more Web2 users and funds to enter.