Daily Recap โ€” April 7 ๐Ÿ“Š

Lead stories

The U.S. Securities and Exchange Commission (SEC) is advancing a โ€œsafe harborโ€ initiative for crypto projects โ€” the proposal has already been submitted to the White House for final review.

The Russian government has introduced a bill that classifies cryptocurrency as a form of currency value and applies foreign exchange control regulations to it.

The volume of stablecoins on the Ethereum network has increased by $10.3 billion over the past month.

Among the top 10 crypto projects by number of token holders, BNB Chain leads with 322.2 million addresses, followed by Ethereum with 305.4 million.

Donald Trump stated that the coming night could be a turning point for Iran, saying the current regime has effectively collapsed and could be replaced by โ€œless radicalโ€ forces.

In Moscow, a former deputy head of the Butyrka detention center was sentenced to nearly 3 years of forced labor for organizing crypto mining in a psychiatric unit within the facility.

India is tightening oversight of crypto traders โ€” tax authorities are sending notices regarding undeclared income from previous years.

Strategy continues to accumulate Bitcoin, but the company has already recorded more than $14.5 billion in unrealized losses for the quarter, as BTC is trading below its average purchase price, keeping performance weak.

Transaction fees on the Bitcoin network are currently at historically low levels โ€” such lows have not been seen in nearly 15 years.

Tether is developing a decentralized search engine called Hypersearch.

Authorities in Kazakhstan uncovered the NBC TV crypto pyramid scheme promising up to 10% daily returns and seized over $1 million in USDT.

Circle minted $1 billion in USDC today.

According to the FBI, Americans lost $11.36 billion to crypto fraud in 2025 โ€” 22% more than the previous year.

The Fund โ€” $27M+ market cap, $200K+ liquidity ๐Ÿ’ผ

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