I'm LongbridgeAI, I can summarize articles.Robinhood has restricted certain prediction market products due to concerns about market manipulation and insider trading risks, focusing on compliant services through partnerships. Meanwhile, President Trump announced a blockade of the Strait of Hormuz, stating that the US Navy will seize ships paying fees to Iran. In crypto news, Bitcoin and Ethereum prices have dropped by 3.5% and 4.4%, respectively. Additionally, the Argentine Securities Regulatory Agency has revised its definition of qualified investors to include virtual assets, and Tether-affiliated Super PAC's expenditure raises questions about insider dealings.
Headline
▌Robinhood has proactively restricted some prediction market products due to concerns about market manipulation and insider trading risks
Robinhood stated that due to concerns about market manipulation and insider trading risks, it has proactively excluded some prediction market products. It is understood that the company pays close attention to market manipulation issues when developing this business and will not offer users all types of event contracts. Recent "accurate betting" incidents have drawn regulatory attention. Furthermore, "market mentions" (such as betting on words that will appear in speeches) are also considered easily manipulated, becoming one of the categories that Robinhood explicitly does not offer. Currently, Robinhood primarily provides compliant prediction market services through partnerships with Kalshi and ForecastEx. It is understood that it will prioritize regulated platforms and products to reduce information misuse and cross-border compliance risks.
▌Trump: US Navy to Begin Blockade of Strait of Hormuz
US President Trump: The talks (between the US and Iran) went well, and most issues were agreed upon, but the only truly important issue, the nuclear one, was not settled. Effective immediately, the US Navy will begin a blockade of any ships attempting to enter or leave the Strait of Hormuz. I have also instructed the US Navy to search and seize every ship in international waters that has paid passage fees to Iran.
... As of press time, according to CoinGecko data: BTC price is $70,644.41, a 24-hour change of -3.5%; ETH price is $2,189.35, a 24-hour change of -4.4%; BNB price is $591.36, a 24-hour change of -2.7%. The price of SOL is $81.45, a 24-hour change of -4.3%; the price of DOGE is $0.09066, a 24-hour change of -2.7%; the price of XRP is $1.32, a 24-hour change of -2.4%; and the price of TRX is $0.3216, a 24-hour change of +0.8%. The price of WLFI is $0.07832, with a 24-hour change of -2.1%; the price of HYPE is $40.82, with a 24-hour change of -3.6%. **Policy** ▌Argentine Securities Regulatory Agency Includes Crypto Assets in Qualified Investor Criteria On April 13, the Argentine National Securities Commission (CNV) recently issued Resolution No. 1125/2026, revising the definition of qualified investors and explicitly including virtual assets in the scope of assets that can be used to determine investor qualifications. According to the new regulations, virtual assets held by individuals or legal entities can be combined with securities investments and bank deposits for calculation. A minimum of 350,000 UVA (Argentine inflation-linked units) qualifies an investor as a qualified investor. Furthermore, the revisions include new provisions related to crowdfunding (Financiamiento Colectivo), allowing non-qualified investors to participate in specific public offerings. The maximum investment per transaction is 3,000 UVA, with a cumulative maximum of 10,000 UVA, and cannot exceed 5% (per transaction) and 10% (cumulative) of the investor's personal assets.
▌Iran Responds to Trump: Blocking Iran Will Not "Open" the Strait of Hormuz
April 12th - US President Trump retweeted an article on social media about a "naval blockade" of Iran. The Iranian Embassy in Austria responded that same day, stating that a blockade cannot "open" the Strait of Hormuz.
The embassy wrote on social media: "A simple explanation to those concerned: a blockade is a blockade. It cannot 'open' the Strait of Hormuz, it can only restrict it. The only way out of this self-inflicted predicament is to remain open and flexible in negotiations. Follow reason." (Xinhua) (CCTV International News)
Blockchain Applications
▌Tether-affiliated Super PAC's first $300,000 expenditure raises questions about potential insider dealings
On April 13, according to CoinDesk, documents filed with the Federal Election Commission (FEC) by the Tether-affiliated Super PAC Fellowship show that its first $300,000 expenditure went to Nxum Group, a company co-founded by Tether US CEO and former Trump administration crypto advisor Bo Hines, along with his father and third-party partners. The expenditure was used to purchase campaign ads for Georgia Republican congressional candidate Clay Fuller. On April 1, the Fellowship appointed Tether US Vice President of Regulatory Affairs Jesse Spiro as chairman of the committee.
The committee received a total of $100 million in funding commitments when it was announced last year, but FEC filings show that the account balance is currently zero. Tether International responded that it has no connection with the Fellowship, while Tether U.S. declined to comment. JPMorgan Chase will expand JPM Coin to Canton Network through Kinexys in 2026. On April 13, JPMorgan Chase announced that it will expand JPM Coin to Canton Network through Kinexys in 2026. This network currently settles more than $350 billion daily in U.S. Treasury repurchase transactions. Cryptocurrency
Tok-Edge to Launch Crypto Hedge Fund and Raise $100 Million
Digital asset financial services company Tok-Edge announced the launch of a crypto hedge fund for institutional investors and plans to raise $100 million in its first round of funding in 2026. Tok-Edge, which had previously been operating discreetly, reportedly aims to build a compliant crypto asset allocation infrastructure for institutions. The fund's initial size is $21 million, with veteran traditional finance investor Marcus Meijer and his investment consortium as investors, the latter planning to provide $10 million as a cornerstone investor.
Cryptocurrency
▌Tok-Edge to Launch Crypto Hedge Fund and Raise $100 Million
▌European banks are actively advancing their respective stablecoin plans
On April 13, Paris-based Société Générale positioned its stablecoin in areas such as cross-border payments, on-chain settlement, foreign exchange, and cash management, while another Paris-based bank, Oddo BHF, launched a euro stablecoin compliant with the MiCA standard. A consortium of banks, including ING, UniCredit, and BNP Paribas, is preparing a Swiss franc stablecoin, planned for launch in the second half of 2026.
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▌ClearBank Receives MiCA Approval, Plans to Launch Stablecoin and Deepen Partnership with Coinbase
On April 13, Netherlands-based ClearBank received approval from the Dutch Financial Markets Authority (AFM) to operate as a Crypto Asset Service Provider (CASP) under the Crypto Asset Markets Regulation Act (MiCA). ClearBank plans to offer EURC and USDC stablecoin services to support more efficient cross-border transfers and payments. Furthermore, ClearBank will deepen its partnership with Coinbase, including offering FSCS-covered savings accounts through Coinbase. ClearBank Europe is currently authorized by the European Central Bank and regulated by the Dutch Central Bank (DNB).
▌Michael Saylor Hints at Imminent Bitcoin Purchases
On April 13, “Looking to the future,” Michael Saylor said on Sunday while sharing a chart of Strategy’s Bitcoin purchase history, which has become a sign of impending Bitcoin accumulation. According to the company, Strategy’s most recent Bitcoin purchase was on April 6, when it bought 4,871 Bitcoins, worth over $329.8 million, bringing its total holdings to 766,970 Bitcoins, worth approximately $54.5 billion at the market price at the time of publication.
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▌Due to geopolitical conflicts and energy issues, several mining farms are selling Bitcoin
On April 13, data showed that MARA Holdings sold more than 15,000 Bitcoins in March to reduce leverage, Riot Platforms sold more than 3,700 Bitcoins in the first quarter, Cango sold 2,000 Bitcoins to repay Bitcoin-backed debt, and Bitdeer stated that as of February 20, its Bitcoin holdings had dropped to zero.
▌Justin Sun accuses WLFI of having a hidden blacklist backdoor in its token contract
On April 13, Justin Sun accused WLFI of embedding a secret blacklist function in its WLFI smart contract, giving it the power to unilaterally freeze token holders' wallets without prior notice or any remedy.
He stated that his wallet was frozen in 2025. Justin Sun wrote on X: "This is a trapdoor disguised as an open door." Important Economic Developments International crude oil prices surged 9.4% on Monday, with WTI crude rising 9.4% to $104.54 per barrel, following the failure of the weekend talks between the US and Iran and Trump's blockade of Iranian maritime traffic. All members of the US negotiating team have left Pakistan. A US official stated on April 12 that all members of the US negotiating team had left Pakistan after the US-Iran talks concluded. The official stated that personnel including Witkov, Kushner, and the technical team did not remain in the Pakistani capital, indicating that the two sides would not immediately resume direct negotiations. Earlier that day, Vance said at a press conference in Islamabad, the Pakistani capital, that the US had not yet reached a consensus with Iran and would return to the United States. The US-Iran negotiations in Islamabad ended on the 12th without any agreement. The Iranian side said the negotiations were conducted in an "atmosphere of distrust and suspicion," with disagreements on two or three key issues. The US side stated that it had clearly stated its "red lines," but Iran did not accept the US conditions. (CCTV News) (Xinhua News Agency) Trump Threatens to Strike Iranian Economy by Controlling Strait of Hormuz On April 12, US President Trump retweeted an article on his social media, stating that if Iran refuses to compromise, its trump card might be controlling the Strait of Hormuz through the US Navy to prohibit Iranian oil tankers from entering or leaving, thereby striking at the Iranian economy. (CCTV News) According to CME's "FedWatch" on April 10, the probability of the Federal Reserve raising interest rates by 25 basis points in April is 1.6%, and the probability of keeping interest rates unchanged is 98.4%. The probability of the Federal Reserve cumulatively cutting interest rates by 25 basis points by June is 2.1%, the probability of keeping interest rates unchanged is 96.3%, and the probability of cumulatively raising interest rates by 25 basis points is 1.5%.
Golden Encyclopedia
▌Can Bitcoin Still Be Called "Digital Gold" During Geopolitical Crises?
Every geopolitical crisis causes gold prices to rise while Bitcoin prices plummet. After six tests, the claim of "digital gold" has never been supported by data. Countries hoard gold but exclude Bitcoin from their reserves. For investors, Bitcoin exhibits asymmetry: it falls with stocks but does not rise with them. Three structural asymmetries prevent Bitcoin from achieving safe-haven status: an oversupply of derivatives (market structure), the dominance of leveraged traders (participant composition), and a lack of repeatable behavioral records (behavioral accumulation).
Bitcoin is not a safe-haven asset, but it is a "crisis-useful asset," which can indeed function when borders are closed and banks fail. If these three asymmetries are reduced, Bitcoin may no longer be a replica of gold but rather a completely new "next-generation gold."
Generational shifts and the widespread application of algorithms are key factors that could accelerate this process.