Spark promises to invest an additional $1 billion in tokenized US Treasury bonds, increasing its total TVL to $2.4 billion

Odaily Planet Daily News: Prior to Federal Reserve Chairman Jerome Powell's upcoming speech on a possible interest rate cut in June, the Bitcoin options market showed moderate risk aversion. According to Deribit CEO Luuk Strijers, although the market generally expects interest rates to remain unchanged this week, there has only been a slight demand for protective put options, reflecting limited caution among heavily invested traders. At present, the spot price of Bitcoin has fallen to around $94000, and Deribit's implied volatility index DVOL is at a level of 45, the lowest point since June 2024, indicating that market sentiment is biased towards moderate risk aversion. At the same time, traders on the decentralized trading platform Derive.XYZ purchased put options with strike prices of $82000, $78000, and $76000, indicating concerns that the Federal Reserve may not cut interest rates or even raise them. Although market expectations for a June rate cut have dropped to 30%, Bank of America believes Powell may maintain an open attitude towards future rate cuts in his speech, emphasizing that policy will depend on upcoming economic data. （CoinDesk）

Odaily Planet Daily News: Tether announced the integration of compliance and monitoring tools from blockchain data platform Chainalysis into its asset tokenization platform Hadron. This integration provides Hadron with institutional level risk detection, real-time transaction monitoring, and comprehensive Know Your Trade (KYT) support, aimed at ensuring that platform users comply with global regulatory standards from the outset. Hadron primarily targets institutions, businesses, and governments, supporting the issuance and management of assets such as stablecoins, bonds, funds, and commodity backed tokens on multiple blockchains. This upgrade also includes ecosystem level transaction monitoring, integrated Know Your Customer (KYC) and KYT frameworks, and API interfaces for seamless integration of enterprise systems. Tether CEO Paolo Ardoino stated that this move marks Hadron's efforts to build a compliant, secure, and scalable asset tokenization platform. Jonathan Levin, co-founder and CEO of Chainalysis, also pointed out that this collaboration will provide compliance based digital asset solutions for institutions and organizations. As of now, Tether has collaborated with 255 law enforcement agencies in 55 countries worldwide to assist in freezing over $2.7 billion in illegal assets.

BlockBeats News: On May 6th, Hadal announced the launch of a token buyback program: Every week, Haedal distributes 50% of the protocol revenue (including liquid collateral fees, HMM fees, and haeVault's net profit) directly to repurchase Haedal tokens from the secondary market. Reward for veHAEDAL Stakers: 100% of the repurchased HAEDAL will be distributed to veHAEDAL stakers based on the proportion of veHAEDAL balance. (The actual reward distribution will be executed in the next week's veHAEDAL cycle after each repurchase.)

According to Bloomberg, insiders have revealed that Limestone Trading, one of Tower Research Capital's internal quantitative trading teams, has increased the funding allocation of its cryptocurrency trading ledger and upgraded its infrastructure to play a more important role as a market maker on global cryptocurrency exchanges. As institutional investors rekindle their interest in digital assets following US President Trump's support for the industry, Tower Research Capital is quietly increasing its bets on cryptocurrencies such as Bitcoin. Insiders say that the team is known for its machine learning driven strategies across asset classes and has now become a leading force in Tower Research Capital's digital asset market making field. It is reported that the Limestone Trading team has over 50 members, located in New York, London, Singapore, and Gurgaon. Previously, after experiencing turbulence in the cryptocurrency industry, including the collapse of FTX and Alameda Research in 2022, as well as Binance's $4.3 billion settlement agreement with US regulators, Tower Research Capital has scaled back its cryptocurrency business over the past two years.

ETH has declined, with a trading volume of $23.6 billion in the past 24 hours and a circulating market value of $215.8 billion, representing a 1.33% decrease in market capitalization. Data for reference only