WU SAYS IT'S A DAILY CHOICE OF ENCRYPTED NEWS

1. CANADA PROPOSES TO BAN ENCRYPTION ATM TO COMBAT FRAUD AND MONEY-LAUNDERING

THE CANADIAN POLICE HAVE WARNED THAT FRAUDSTERS ARE IMPERSONATING THE ROYAL CANADIAN MOUNTED POLICE (RCMP) FOR “ENCRYPTED ASSET RECOVERY FRAUD” AND FOR DOUBLE FRAUD AGAINST VICTIMS WHO HAVE BEEN PREVIOUSLY VICTIMS OF FRAUD. A RESIDENT WHO HAD PREVIOUSLY LOST APPROXIMATELY $5,000 FOR AN ENCRYPTED “TELEWORK” SCAM AND THEN, AFTER FILLING OUT A FAKE RCMP BULLETIN FORM, RECEIVED A CALL FROM A PERSON CLAIMING TO BE A LAWYER WHO CLAIMED TO HAVE FOUND THAT HIS NAME WAS APPROXIMATELY $60,000 IN “ENCRYPTED PROCEEDS” AND COULD ASSIST IN RECOVERY. THE POLICE STRESSED THAT THE RCMP WOULD NOT CONTACT INDIVIDUALS TO INFORM THEM OF THE DISCOVERY OF ENCRYPTED ACCOUNTS, WOULD NOT WORK WITH PRIVATE INSTITUTIONS TO CARRY OUT RECOVERY SERVICES, AND WOULD NOT REQUIRE ANY PAYMENT TO INVESTIGATE FRAUD CASES。

2. Coinbase reports that during the encryption market or the construction phase, emotions warmed up but remained dominated by macro factors

Coinbase Allied Glassnode reports that the encryption market remains largely driven by macro-factors and the situation in the Middle East, with high short-term uncertainty; that bitcoin NUPL has recovered from the “fear” phase of the first quarter to the “optimistic” phase, with about 75 per cent of institutional investors and 71 per cent of non-institutional investors believing that bitcoin is undervalued; that short-term supply (held for less than three months) has declined in the first quarter 38 per cent and long-term supply (held for more than one year) has increased 1 per cent; and that, overall, changes in the macro-environment may support the formation of encryption assets at the bottom of the near term and their recovery after the quarter。

3. PumpFun destroys approximately $370 million PUMP coins and spends 50% of its revenue on buyback destruction in the coming year

PumpFun states that it has destroyed all PUMP coins previously bought back, approximately $370 million, representing approximately 36 per cent of the supply in circulation, in response to market doubts about the use and continuity of the buyback; and announces that 50 per cent of the revenue will be spent on procedural buy-backs and destruction over the coming year in order to reduce the flow of supplies and enhance institutional certainty; the initiative is an adjustment to market confidence after about nine months of high-income operation。

4. Robinhod Q1 was 15 per cent more than the year, and the income from encryption decreased by 47 per cent

Robinhood Markets published performance for the first quarter of 2026, with total receipts increasing by 15 per cent to $1.07 billion per year, with a diluted share of $0.38 per share, or 3 per cent over the same period; net proceeds of $17.7 billion, corresponding to an annualized growth rate of 22 per cent, and total assets of the Platform increasing by 39 per cent to $307 billion per year. Trading income increased by 7 per cent to $623 million over the same period, largely driven by the revenue from options, equities and event contracts, but the income from encryption declined by 47 per cent to $134 million over the same period; net interest income increased by 24 per cent to $359 million over the same period。

SayerZero committed to more than 10,000 ETH in support of DeFi United

LayerZero Labs pledged to provide more than 10,000 ETH to the Aave-led DeFi United Recovery Plan, including a donation of 5,000 ETH and an additional deposit of 5,000 ETH to increase market liquidity in Aave, and will further enhance GHO liquidity; this initiative is part of an industry recovery programme around the events of rsETH, and LayerZero has indicated that it will continue to collaborate with Aave and other DeFi projects on the integration of OFT in the lending market。