Pharos Announces Public Sale Details; Polymarket in $400M Funding Talks

Author: SchenTechFlow

Ihara's latest response on the Ima negotiations: No decision has been made yet on whether to participate.

According to CCTV News, an Iranian insider who participated in the first round of Iran-U.S. talks said that, as of 15:00 local time on the 20th (19:30 Beijing time on the 19th), due to the U.S. side’s constantly changing stance, Iran has “deep mistrust” toward the U.S. and has not yet decided whether to participate in the second round of Iran-U.S. negotiations.

Insiders noted that the U.S. attack on Iranian merchant vessels on the 19th has further complicated the situation.

The U.S. SEC and CFTC plan to narrow the scope of hedge fund reporting and raise the Form PF filing threshold to $1 billion.

According to Bloomberg, the U.S. SEC and CFTC jointly proposed reducing reporting requirements for hedge funds, aiming to eliminate filing obligations for smaller advisers and raising the Form PF filing threshold for private fund assets from $1.5 billion to $10 billion. The two regulators stated that data collected through Form PF will be used confidentially for examinations and investigations of private fund advisers.

Form PF is a regulatory filing required by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) for certain private fund advisers, primarily used to: monitor risks in the private fund industry, assess potential systemic risks, and provide data support for examinations, investigations, and regulatory analysis.

The Hong Kong Securities and Futures Commission announces a regulatory framework for secondary market trading of tokenized investment products.

The Hong Kong Securities and Futures Commission has announced a new regulatory framework permitting tokenized SFC-recognized investment products to be traded on secondary markets, to promote the development of digital asset trading in Hong Kong. The new guidelines primarily facilitate secondary market trading of tokenized open-ended funds on licensed virtual asset platforms and will consider on a case-by-case basis allowing over-the-counter trading arrangements.

As of March 2026, 13 tokenized products have been offered to the public in Hong Kong, with the total assets under management of these tokenized categories increasing to approximately HK$10.7 billion. The initial products are expected to primarily consist of tokenized money market funds. The new measures cover fair pricing, orderly trading, liquidity provision, and disclosure requirements.

Grayscale updates its Hyperliquid ETF application to replace Coinbase with Anchorage as the custodian.

According to The Block, Grayscale has submitted an amended application for the Hyperliquid ETF to the U.S. Securities and Exchange Commission (SEC), replacing Coinbase with Anchorage Digital Bank as the fund’s custodian. Anchorage is the first federally chartered crypto bank in the U.S. and has recently expanded rapidly into stablecoins, wealth management, and token lifecycle services, becoming the first institution in the U.S. to support Tron. If approved, the ETF will trade on Nasdaq under the ticker "GHYP," with staking functionality still pending regulatory approval.

Pharos announces details of its public sale, aiming to raise approximately $1 million by selling 0.1% of the total supply.

According to official announcements, Pharos has disclosed the details of the public sale of PROS, aiming to sell 0.1% of the total token supply, with a target fundraising amount of approximately $1 million, a benchmark price of $1.00 per token, and individual subscription limits ranging from $100 to $50,000.

This offering requires mandatory KYC/KYB verification through Sonar and offers two options: no lock-up or a six-month lock-up at $0.80 per token. In the event of oversubscription, smaller subscriptions will be prioritized, and any remaining funds will be automatically refunded after the offering ends. Registration opens on April 20.

ZachXBT questions Kraken's listing review process for Memecore, citing unusual fund movements.

On-chain investigator ZachXBT questioned Kraken’s due diligence process for the listing of $M (Memecore) spot trading on July 3, 2025, noting that approximately 7.9 million $M were withdrawn from Kraken to 18 newly created addresses, which now collectively hold about 11.7 million $M—valued at approximately $39.8 million at current prices. He also stated that the suspected Memecore team address received 200 million $M during the token generation event (TGE) and transferred 5.3 million $M to Kraken’s deposit address on July 3, 2025.

Kelp DAO refutes LayerZero's attribution of the $290 million rsETH vulnerability

According to CoinDesk, Kelp DAO will refute LayerZero’s explanation regarding the $290 million rsETH cross-chain bridge vulnerability, stating that the compromised single-validator configuration relied on LayerZero’s own infrastructure and that this setup was part of its default integration approach, not a special choice made by Kelp DAO in violation of recommendations.

Attackers stole approximately 116,500 rsETH by compromising LayerZero’s servers used to verify cross-chain transactions and interfering with backup nodes. Kelp DAO stated that the incident affected only the LayerZero-based bridging layer, while its core liquidity restaking contracts remained unaffected. LayerZero subsequently responded that it would stop signing messages for any applications using a single-validator setup and would enforce a mandatory security migration.

Mizuho, Nomura, and other institutions will conduct a pilot experiment on digital collateral management for Japanese government bonds based on the Canton network.

Mizuho Financial Group, Nomura Holdings, the Japan Securities Clearing Corporation (JSCC), and Digital Asset Holdings have announced a joint initiative to launch a pilot experiment on enhanced blockchain-based collateral management. The experiment will leverage the Canton Network, designed for institutional-grade finance, to explore digital collateral management using Japanese Government Bonds (JGBs).

This experiment will test the use of blockchain to transfer JGB rights and update ledger records within a multi-layered account management structure, while exploring the possibility of enabling 24/7 real-time collateral transactions without compromising the legal attributes of issued securities. The experiment will also cover cross-border scenarios and assess compatibility with relevant laws, regulations, and rules. This project is part of the Financial Services Agency of Japan’s “Payment Infrastructure Modernization Project (PIP),” aiming to reduce operational costs for financial institutions and investors by improving the efficiency of cross-border collateral management and enhancing the international competitiveness of Japan’s financial markets.

Last week, Strategy spent $2.54 billion to purchase 34,164 bitcoins.

Michael Saylor stated that Strategy purchased 34,164 BTC for approximately $2.54 billion, at an average purchase price of about $74,395 per BTC. As of April 19, 2026, Strategy holds a total of 815,061 BTC, with an accumulated purchase cost of approximately $61.56 billion and an average holding price of about $75,527 per BTC. Additionally, Strategy’s BTC return rate for 2026 to date is 9.5%.

Bitmine increased its ETH holdings by 101,627 last week, bringing its total holdings to approximately 4.976 million ETH.

According to PRNewswire, Ethereum treasury company Bitmine Immersion Technologies disclosed that it increased its holdings by 101,627 ETH last week. The company’s current crypto asset portfolio includes 4,976,485 ETH, 199 BTC, equity in Eightco Holdings valued at $107 million, and shares in Beast Industries valued at $200 million. Additionally, the company has staked a total of 3,334,637 ETH, amounting to $7.7 billion based on a price of $2,301 per ETH.

Prediction market Polymarket is negotiating a $400 million funding round at a $15 billion valuation.

According to The Information, citing sources familiar with the matter, the prediction market platform Polymarket is in talks with investors to raise $400 million at a post-money valuation of approximately $15 billion. This new funding round would be added to the $600 million round invested last month by Intercontinental Exchange, the parent company of the New York Stock Exchange, whose valuation was not disclosed at the time.

Nearly $200 million in bad debt looms—several possible scenarios for AAVE’s future price movement

https://www.techflowpost.com/en/article/31210

This article analyzes the impact of the KelpDAO hack on the AAVE ecosystem, focusing on the potential effect of the $195 million in bad debt on AAVE token price, and outlines three possible price scenarios. Additionally, the article identifies several key indicators investors should monitor to determine whether AAVE has passed its worst phase.

6,000 CEOs admit AI "did nothing," yet they've already laid off 40,000 people using it in Q1 this year.

https://www.techflowpost.com/en/article/31216

This article examines the gap between the real-world impact of artificial intelligence (AI) over the past few years and corporate expectations, noting that despite massive investment and widespread adoption of AI technologies, their tangible benefits for productivity and employment remain unclear. Meanwhile, the tech industry’s large-scale layoffs justified by AI have sparked controversy. The article also explores AI’s future potential and how businesses can better leverage AI technologies.

After the KelpDAO hack, AAVE's situation is worse than you think.

https://www.techflowpost.com/en/article/31208

This article analyzes the liquidity crisis on the AAVE platform and its impact on the DeFi ecosystem. It details the causes of liquidity depletion, including bad debt triggered by the rsETH vulnerability and the chain reaction caused by whale users rapidly withdrawing funds. The author also discusses the contagion effects on the stablecoin market and other related protocols, as well as user response strategies and potential solutions.

Harness Arbitrage Periods to Rescue DeFi from SaaS Edge

https://www.techflowpost.com/en/article/31207

This article explores the integration and development of decentralized finance (DeFi) and artificial intelligence (AI) in future economic and technological landscapes, analyzing tokenomics, AI's transformation of DeFi, and the potential impacts of AI on the economy and society.

Artemis In-Depth Report: Anchored to Hyperliquid, $PURR is the only crypto treasury stock with genuine underlying profitability

https://www.techflowpost.com/en/article/31205

This article analyzes the Hyperliquid protocol and its associated token HYPE, as well as PURR, a crypto treasury company backed by its assets, examining their business models, financial performance, growth potential, valuation scenarios, and potential risks. The piece focuses on how Hyperliquid generates profits through fee income, token buyback and burn mechanisms, and innovative growth strategies, while also evaluating PURR’s unique position and investment potential in the crypto treasury market.