Yihui, a subsidiary of Trend Research, transfers over $23 million of DeFi tokens, marking its second transaction in a month

On April 21, The Block reported that Thom Tillis—North Carolina Republican and key negotiator for the U.S. Senate Banking Committee—said the panel is unlikely to schedule an April hearing to amend and vote on a cryptocurrency market structure bill. The legislation’s main sticking point now centers on stablecoin rewards. The current draft would bar idle stablecoin accounts from earning rewards but allow rewards tied to transaction activity. Banking industry representatives worry such rewards could siphon deposits from traditional banks, while crypto firms argue restricting rewards would stifle innovation. Tillis has proposed pushing the committee’s deliberations to May. Earlier, Sen. Bernie Moreno warned that if the bill fails to pass by May, “digital asset legislation will be unable to move forward in the foreseeable future.”

On April 21st, Crypto Briefing reported that Nik Storonsky—CEO of Revolut, Europe’s largest fintech firm—told David Rubenstein in an interview the company’s IPO is at least two years away, with the earliest listing possible in 2028. Ahead of the IPO, Revolut will continue providing liquidity to employees and early investors via secondary stock sales. A new round of these transactions may launch in 2026, with the company’s latest valuation hitting $75 billion. The fintech is also ramping up U.S. expansion: it has filed its second application for a U.S. banking license. If approved, Revolut will gain direct access to the Federal Reserve’s payment system and offer loans and credit cards to U.S. users.

April 21 – Per ChainInfo, the whale/institutional investor that purchased $500 million worth of BTC and ETH in early February transferred its remaining 2,000 cbBTC (valued at $151 million) to Coinbase early this morning. This entity acquired 4,000 cbBTC at an average cost of $73,837 in early February. It has now transferred all 4,000 units to Coinbase at an average price of $75,181, netting a profit of $5.37 million.

April 21st — In a CNBC interview today, Tom Lee said retail investors will be the primary fuel for the next stock market rally. He noted many retail investors missed the rebound following the prior war-driven sell-off, but as fears ease, they will re-enter the market—bringing significant buying power to push stocks higher. With retail capital flowing back and corporate profits continuing to grow, Lee added investors could see “one of the best stretches of their lives” over the next 18 to 24 months. However, he emphasized near-term risks: the market may still test the new Federal Reserve chair before posting meaningful gains.

April 21st — Following the KelpDAO attack, Dune released an analysis on X covering DVN security setups for all active LayerZero OApps over the past 90 days. Data shows that among roughly 2,665 unique contracts: - ~47% used the minimum-security 1-of-1 DVN setup - 45% used 2-of-2 setups - ~5% had 3-of-3 or stricter configurations The analysis notes KelpDAO’s rsETH falls under the 1-of-1 category, underscoring the widespread lack of security redundancy in today’s cross-chain applications.

On April 21, Sonic Labs released an article outlining its roadmap for transitioning to a post-quantum proof-of-stake (PoS) network, stating that its DAG-based SonicCS protocol can support post-quantum signature upgrades without overhauling its consensus mechanism. (Cointelegraph)