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12:21
The White House is exploring ways to undermine the legal basis of stablecoin yield restrictions, as the CLARITY Act enters a critical stage of debate in the Senate.
According to ChainCatcher, market sources report that the White House Council of Economic Advisers recently released a research report stating that banning stablecoin yields offers very limited protection for bank loans, but would significantly diminish consumers’ ability to earn returns through digital cash. This conclusion directly challenges the core argument of the banking industry's support for a yield ban and provides new policy support for advancing the CLARITY Act.
12:06
Tether participates in SDEV's $134 million funding round
According to Odaily, stablecoin issuer Tether announced that it has participated—through its investment arm—in Stablecoin Development Corporation's $134 million funding round. The company is dedicated to providing open-market investment channels for the stablecoin economy and promoting the development of digital asset infrastructure. This funding round also included participation from institutions such as Framework Ventures. Reportedly, as an on-chain holding platform, Stablecoin Development Corporation is building an ecosystem centered on the practical applications of stablecoins and DeFi, covering payment, remittance, and cross-platform fund flows, and is committed to optimizing the user experience and lowering the barrier to entry.
12:01
With the ongoing Iran war, hedge funds are aggressively buying energy stocks
Golden Ten Data reported on April 15th that, according to a report released by data platform Hazeltree on Wednesday, as the Iran war enters its seventh week, hedge funds have flocked to energy stocks, with long positions increasing by more than 10% since February. Last weekend's U.S.-Iran negotiations ended without results, and the U.S. Navy has since blocked Iranian port oil tankers. This year, the energy sector has risen more than 22% alongside oil prices. The report states that 55% of companies tracked by Hazeltree hold long positions in energy stocks. The data covers 600 asset management institutions and 16,000 global stocks. Compared to February, 44% of asset managers have increased the number of their long holdings by more than 10%. Data from Morgan Stanley also shows that for the week ending April 10th, the energy sector was the only U.S. stock sector to see net inflows, with hedge funds increasing their long positions related to crude oil.
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