The U.S. Senate loses another crypto tax reform advocate, Daines has confirmed he will not seek re-election.

HypurrFi announces that the blockchain hash has surpassed a new milestone, and the same day it also faced a domain hijacking incident

HypurrFi announced that its independently developed Hyperliquid client has successfully achieved block-hash consistency, enabling developers to independently verify the on-chain state and improving decentralization. On the same day, it discovered a domain-hijacking incident; although it did not affect users’ funds, it still urged everyone to stop interacting with suspicious domains immediately and to obtain updates through official channels. AI contributed 99.9% to this technical development.

Global central banks exploit crypto infrastructure at low cost, mBridge uses an Ethereum-based architecture

The global cryptocurrency market fell sharply between 2021 and 2022, while central banks in various countries began to use blockchain infrastructure developed by the private sector—such as the BIS’s mBridge project—without having to bear development costs. This model has sparked controversy, because when central banks adopt technology that has already undergone deep validation by the private sector, it may erode incentives for private-sector innovation and affect future financial venture investments.

Phantom Wallet crashes! Account shows a zero balance; official confirms funds are safe

Phantom crypto wallet experienced a brief service outage on April 7, preventing users from viewing token prices and account balances normally, and some users saw balances display as zero. The official said this issue was a technical problem with the front-end display layer, and that actual on-chain assets were not affected. On the same day as the outage, Phantom received a no-objection letter from the U.S. CFTC, allowing it to integrate regulated derivatives.

Chaos Labs exits Aave, saying there is a legal gap in DeFi risk management

Risk management firm Chaos Labs announced it is ending its three-year partnership with DeFi lending protocol Aave, citing a fundamental disagreement between the two parties on approaches to risk management. This exit has exposed the legal gray area in the DeFi ecosystem where regulatory safeguards are lacking—especially after a recent oracle incident that led to an erroneous liquidation of about $27 million. The separation between Chaos Labs and Aave leaves Aave facing a governance vacuum during a critical period for the V4 upgrade, further fueling concerns about accountability for decentralized risk systems.

The Ministry of State Security warns of risks from mnemonic-token scams, involving allegedly illegal financial activities such as stockpiling mnemonic tokens and off-exchange trading

The Ministry of State Security issued a notice warning of the risks of “token scams,” stating that hoarding tokens and off-exchange trading may involve illegal financial activities that endanger national security. It emphasizes the need to guard against risks such as data leakage, forgery, and fraud, and reminds the public to view tokens rationally while strengthening awareness of information and privacy security.

Gate Daily Report (April 7): SEC submits crypto “safe harbor” proposal to the White House; Argentina president and LIBRA call records exposed

Bitcoin gives back its gains on April 7, trading at $68,800. A U.S. SEC “safe harbor” proposal for crypto has been submitted for review by the White House. Argentina’s President Milei has been accused of having multiple calls with LIBRA’s founder, sparking a scandal. Bitcoin’s market volatility is high; it’s advised to control leverage to prevent large-scale liquidations.