In a significant win for decentralized finance protocols (DEFI), US President Donald Trump overthrew the Broker Broker Service Service principle, which would extend the existing reporting requirements for the DEFI platform.

According to the founder of Cardano Charles Hoskinson, an enhance in regulatory clarity in the US will attract more technological giants to space, requiring existing cryptocurrency projects to focus on a larger number of cooperation tokenomics, Charles Hoskinson.

Trump signs the resolution by killing the principle of IRS DEFI broker

Trump has signed a joint congress resolution overthrowing the principle from the time of Biden administration, which would require VEFI protocols to report transactions to the tax service.

The IRS DEFI broker principle, which is to enter into force, would extend the existing reporting requirements of the Tax Office to include DEFA platforms, requiring them to disclose gross revenues from the sale of cryptocurrencies, including information regarding taxpayers involved in transactions.

Trump formally killed this remedy, signing the resolution on April 10, which means that for the first time the Cryptachant Act was signed in American law, a representative of Mike Carey, who supported the law, said Wa statement.

“Broker DEFI rows unnecessarily American innovations, violated the privacy of everyday Americans and was supposed to overwhelm IRS overfilling new applications that have no infrastructure in the tax season,” he said.

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Crypto needs tokenomics of cooperation against technological giants – Hoskinson

According to the founder of Cardano Charles Hoskinson, the next generation of cryptocurrency projects must adopt a more common approach to competing with the main centralized technology companies entering the Web3 space.

Speaking in Paris Blockchain, the week of 2025, Hoskinson said that one of the main critics of the cryptographic space and DEFI is the “closed circulation economy”, which often means that the rally of a specific cryptocurrency is strengthened by funds leaving another token, limiting the development of the entire industry.

Hoskinsin said that in order to have a chance against centralized technological giants joining the Web3 industry, cryptocurrency projects require more cooperation tokenomics and market structures.

“The problem is at the moment that the way we did things in the cryptocurrency space is tokenomics, and the market structure is internally opposed. It’s sum 0,” said Hoskinson. “Instead of fighting, you need to find tokenomics and market structure that allow you to be in the balance of cooperation.”

He argued that the current environment often sees the enhance in one cryptocurrency project, not the cost of another, and does not contribute to the overall health of the sector. He added that this is not balanced in the face of companies with a value of trillion dollars, such as Apple, Google and Microsoft, which can soon join the Web3 race among more clear US regulations.

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Bitcoin’s 24/7 liquidity: double -edged sword during a global confusion on the market

Bitcoin and other cryptocurrencies are often praised for offering access to trade around the clock, but constant availability could have contributed to a steep sales at the weekend after the latest announcement of the trading tariff in the USA.

In contrast to shares and time-honored financial instruments, Bitcoin (BTC) and other cryptocurrencies enable 24/7 commercial payments and possibilities thanks to the availability of blockchain technology.

After breaking the records of $ 5 trillion from S&P 500 in two days-the worst decrease-bitcoin remained above the level of support worth 82,000 USD. But by Sunday, assets fell to $ 75,000.

According to Lucas Outumumo, head of research on the Crypto Intelligence Intellblock platform, Sunday correction, because Bitcoin is the only immense commercial resource over the weekend.

“Last week there was a bit optimistic that Bitcoin may be uncoisting and better withdrawn than traditional supplies, but [correction] He accelerated at the weekend, ”said Outumumo at Cointelegraph’s Chain reaction Live program on X, adding:

“There are very few people on Sunday, because most markets are closed. It also allows correlation because people panic, and Bitcoin is the largest resource they can sell at the weekend.”

Outumumo noticed that Bitcoin weekend trade may also have growth effects, because prices often rise in calmer conditions.

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Bybit regains market share up to 7% after hackering $ 1.4 billion

The participation in the Bytbit market was referenced to levels before hack after using $ 1.4 billion in February, because Exchange Crypto Exchange has implemented closer security and improved liquidity options for retail traders.

The cryptographic industry was shocked by the greatest hack in its history on February 21, when Bybit lost over $ 1.4 billion in the ether with the liquid (Steth), Mantle Stakeed Eth (METH) and other digital assets.

Despite the exploit scale, Bybit is constantly regaining market share, According to Block Scholes company to the report of April 9 Crypto Analytics.

“From this initial decline, Bybit has been constantly recovering in the market because it operates to repair sentiments, and in the measure of returning the volume to the stock exchange,” he said.

Block Scholes said that the proportional share of Bybita increased from low levels by hook by 4% to about 7%, reflecting strong and stable recovery in market activity and trade volume.

Hack took place in connection with the “wider trend of macro risk, which began before the event”, which signaled that the initial decrease in the Bybit trading volume was not only caused by the use.

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Almost 400,000 FTX users risk losing $ 2.5 billion in repayments

Almost 400,000 creditors of the Bankruuck Cryptocurrency FTX Cryptocurrency FTX risk, which did not reduce $ 2.5 billion in the client verification process (KYC).

About 392,000 FTX creditors have not completed or at least taking the first steps of compulsory verification of their knowing filing In the American Bankruptcy Court for the Delaware district.

FTX users originally had until March 3 to start the verification process to collect their claims.

“If the owner of the claim listed in the attached Schedule 1 did not start the KYC submission process in relation to such a claim on March 3, 2025, at 16:00 (ET) (” KYC start date “), 2 such a claim should be dismounts and saving in full”, is saving.

The term KYC was extended to June 1, giving users another chance to verify their identity and eligibility claims. Those who do not meet the new date may permanently disqualify their claims.

According to court documents, claims below USD 50,000 may constitute about USD 655 million of prohibited repayments, while claims worth over USD 50,000 may amount to USD 1.9 billion, which will lead to total funds threatened to over USD 2.5 billion.

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DEFI discussion

According to CointeLraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies according to market capitalization ended in red.

The EOS (EOS) token fell by over 23%, which means the largest week in the top 100, and then token of a close protocol (close), fell by more than 19% on a weekly chart.

Thank you for reading our summary of the most influential DeFI development this week. Join us next Friday to get more stories, observations and education about this dynamically progressive space.