Wu's Daily Selected Cryptocurrency News - The number of initial jobless claims in the United States for the week ending April 4th was 219k, compared to an expected 210k.

1. The number of initial unemployment claims in the United States for the week ending April 4 was 219k, compared to an expected 210k.

The actual GDP annualized quarterly rate for Q4 in the United States was 0.5%, versus an expected 0.7%, and the previous value was 0.70%. The final annualized quarterly rate of the core PCE price index in Q4 was 2.7%, matching the expected 2.7%, with the previous value at 2.70%. The core PCE price index for February in the United States increased by 0.4% month-over-month, matching the expected 0.4%, and the previous value was 0.40%.

2. Michael Saylor: Bitcoin has likely bottomed near $60k, and the threat of quantum computing is overstated

Strategy founder Michael Saylor recently stated that Bitcoin may have reached its bottom near $60k in early February, when forced sellers had largely exited the market. He pointed out that as ETF inflows continue to absorb daily supply, coupled with corporate treasury needs, current selling pressure is limited. Regarding recent market concerns about the threat of quantum computing, he believes this risk is exaggerated and only exists at a theoretical level, unlikely to be realized within decades, and by then, the crypto community will lead the way through software upgrades to address the challenge.

3. Hong Kong mortgage securities company plans to issue up to HKD 12 billion in digital bonds, potentially becoming the largest such issuance globally

Hong Kong mortgage securities company is considering issuing digital bonds worth approximately HKD 10 billion to HKD 12 billion, which could become the largest issuance of its kind worldwide. The bonds are planned to be denominated in Hong Kong dollars and offshore RMB, with the earliest launch possibly next month. The relevant terms are still under discussion. Digital bonds are issued, traded, and settled on blockchain technology, and Hong Kong is promoting such products to strengthen its position as a digital asset hub.

4. South Korea proposes draft “Basic Law on Digital Assets,” plans to implement licensing and reserve requirements for stablecoins

South Korea’s ruling party has proposed a draft “Basic Law on Digital Assets,” aiming to establish a systematic legal framework covering issuance, trading, custody, and regulation. It will include stablecoins and other “value-pegged assets” linked to fiat currency or real assets under regulatory oversight, requiring issuers to obtain licenses and fulfill reserve and redemption obligations, while meeting capital and operational capacity conditions. The draft also plans to impose licensing, registration, and reporting requirements on trading, brokerage, custody, and consulting activities, strengthening information disclosure, internal controls, and market conduct standards. Additionally, a Digital Assets Committee will be established to coordinate policy.

5. Dubai VARA releases new token issuance guidelines: clarifying regulation paths for RWA and stablecoins

Dubai Virtual Assets Regulatory Authority (VARA) has published detailed guidelines for virtual asset issuance, dividing token offerings into three categories to further specify disclosure and governance standards for stablecoins, real-world assets (RWA), and other digital assets. Category 1 includes fiat-pegged tokens (stablecoins) and asset-pegged tokens (RWA), requiring issuers to obtain full licenses and strictly adhere to reserve and redemption rights. Category 2 assets must be distributed through VARA-licensed intermediaries, who are responsible for due diligence. Exempted assets are limited to specific assets with limited functions.