The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

April 9 — U.S. Treasury Secretary Scott Benton, in an April 8 statement cited by The Wall Street Journal, noted the U.S. has long led global financial market regulatory standard-setting—but that leadership is not guaranteed. He urged Congress to promptly pass the **Clarity Act** to establish a clear regulatory framework for digital assets. Benton cited data showing global digital asset market capitalization has fluctuated between $20 trillion and $30 trillion over the past year, with roughly one in six Americans holding some form of digital asset. Blockchain technology’s use in payments, settlement, and real-asset trading continues to expand, he said, emphasizing cryptocurrency is no longer a niche experiment but a widely adopted global technology. The U.S. must take proactive steps to maintain its leadership in setting rules for this sector, he added.

April 9th: Surf, a specialized AI platform focused on the cryptocurrency space, announced the launch of Surf Skill CLI—allowing AI agents like Claude Code to directly access crypto data and replacing more than 60 standalone APIs. Once installed, the tool enables AI agents to instantly analyze and predict market trends, on-chain DeFi TVL, social sentiment shifts, and more—delivering structured insights into the crypto market. Additionally, as a crypto-native AI research platform, SurfAI is offering $200,000 in free API credits for this launch. These credits are compatible with all major agent environments, helping developers streamline their AI-powered crypto workflows.

On April 9, U.S. President Donald Trump posted on Truth Social stating: "The failing New York Times and fake news-spreading CNN both reported a completely false 10-point plan about Iran negotiations—aimed at smearing those involved in the peace process. All 10 points are fabricated scams. An evil loser!!! Let America be great again!"

April 9th: Per HyperInsight monitoring (source: https://t.me/HyperInsight), the address **0xe84fbad5e9ae5f2111d0608dab25dfba8004f964** briefly opened a 40x leveraged long position in BTC with a notional value of $3.55 million, an average entry price of $70,965, and a liquidation price of $69,226. Following a modest profit, the address has placed a sell order for ~$1.94 million at $70,800, intending to partially stop-loss at this level.

April 9 — TechCrunch reports that Giggles, a short video and meme trading platform, has closed a $1.2 million Pre-Seed funding round in 2025. Investors include 1kx Capital, Virtuals Protocol, Social Graph Ventures, Noar Ventures, Night Capital, plus angel investors from institutions like OpenAI and Bain Capital. Founded by 19-year-old Canadian entrepreneur Justin Jin, Giggles is a TikTok-style short video social app. Its core feature is “all content is tradable,” letting users discover and trade viral videos and memes. The platform blends social video scrolling with prediction markets, allowing early profits if content goes viral. Currently in invite-only beta testing, Giggles has amassed a large waiting list—highlighting the convergence of the creator economy and crypto trends.

**FARTCOIN Flash Crashes 26%+ After 3-Day 57% Surge, Tied to Same Team Behind XPL’s April 3 Collapse** April 9 — Data from Coinglass and HyperInsight monitoring shows FARTCOIN has trended upward since April 6. Early this morning, it spiked over 27% intraday, pushing its 3-day cumulative gain to 57% and hitting a high of $0.252. But at 7:00 a.m. today, the token plummeted over 20% in 5 minutes, then extended losses to a total drop of more than 26% — bottoming below $0.18 and erasing most recent gains. On-chain monitoring links this trade to the same team that triggered a 40% flash crash in XPL on April 3 morning: both tie back to addresses **0xBc1D9760bd6ca468CA9fB5Ff2CFbEAC35d86c973** and **0x3dBE077e7986657E95e1CC50089f17a5a4AF0AaE**. The team began accumulating FARTCOIN shortly after the XPL crash. Their playbook mirrored the XPL incident: 1. Before FARTCOIN’s rally, they funneled funds into Hyperliquid via multiple addresses to open high-leverage long positions. 2. A