U.S. Senators Urge IRS to Revisit Cryptocurrency Staking Reward Tax Policy

On April 1st, “Brother Ma” Huang Licheng disclosed in a post on X that he had paid $1,941,502.64 in gas fees using the HyperLiquid platform. Per HyperInsight analytics, “Brother Ma” currently holds a 25x leveraged long position worth $15.64 million on Ethereum, with roughly $19 million in total account losses.

Per official announcement, OKX will list the EDGEUSDT perpetual contract for trading on its web platform, mobile app, and API at 9:30 PM UTC+8 on April 1, 2026. ### Note on U.S. language habits: - Used "9:30 PM" (more conversational than 21:30 for U.S. audiences) - Kept date format as "April 1, 2026" (common U.S. date style) - Simplified "according to the official announcement" to "per official announcement" (concise, fits news briefs) - Added "for trading" to clarify the action (aligns with U.S. crypto industry terminology) - Used "mobile app" instead of just "app" for clarity (common in U.S. tech/crypto communications)

On April 1, RWA tokenization platform OpenEden announced a partnership with BNY Investments— a subsidiary of The Bank of New York Mellon (BNY Mellon)— to launch HYBOND, a tokenized global short-term high-yield bond fund product. The product is tied to BNY Investments’ global short-term high-yield bond strategy, initially targeting select institutional clients. OpenEden plans to fully open HYBOND to all institutional investors by the end of April 2026, and the product is currently deployed on the Ethereum network.

On April 1st, Binance CEO Changpeng Zhao (CZ) shared, “I’m back—we’re hiring to replace my AI talent, seriously.” Earlier today, CZ took to Twitter to note that after training, his AI digital clone now handles his daily work more accurately and efficiently than he does. Starting today, the AI will take over his daily tasks. If his account suddenly goes rogue, that may be the new normal.

On April 1, Cosmos ecosystem project Neutron announced the launch of NTRN redemptions, allowing holders to permanently burn their NTRN in exchange for a pro-rata share of the USDC pool. The NTRN deposit window runs from April 1 to April 30, USDC redemption requests open May 1 and close June 30. Foundation-held NTRN (estimated at ~32.4 million tokens) will not participate in redemptions and will be burned. In prior news, Neutron said it will transition to long-term maintenance mode. Its DEX and Supervault will enter withdrawal-only mode no later than April 17. Hadron Labs will take over network maintenance through June 30, 2026, after which manual withdrawal instructions will be released. Governance will shift from a custom system to the standard Cosmos staking model, inflation will be dynamically adjusted, and the validator set will be reduced.

April 1st Former President Donald Trump announced on Truth Social that: "Iran’s new president—far less radical and smarter than his predecessors—has just asked the U.S. for a ceasefire! We’ll consider it only once the Strait of Hormuz is open and unimpeded. Until then, we’ll bomb Iran to smithereens—or, as they say, send them back to the Stone Age!!!"