Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S

整理：ChainCatcher

Important News:

• Binance updates the KYC certification user sub-account limit for independent brokers
• Avalanche Foundation: Supports DeFi United to restore rsETH collateral support
• Crypto mining company MARA establishes MARA Foundation, focusing on long-term Bitcoin adoption and quantum resistance and security risks
• Crypto derivatives trading platform Liquid completes $18 million Series A financing, led by Neo and Left Lane Capital
• Galaxy Digital announces Q1 2026 financial report, net loss of $216 million
• Polymarket plans to bring major exchanges to the U.S., pending CFTC approval
• Trump softens stance on prediction markets: Other countries are doing it, the U.S. cannot be left behind

What important events happened in the past 24 hours?

Galaxy Digital announces Q1 2026 financial report, net loss of $216 million

According to ChainCatcher, Galaxy Digital Inc. has officially announced its financial performance for Q1 2026. Due to an overall decline of about 20% in digital asset prices during the quarter, the company recorded a net loss of $216 million, with an adjusted loss per share of $0.49 and an adjusted EBITDA of -$188 million. As of March 31, the company's total equity was $2.78 billion, with cash and stablecoin holdings of approximately $2.605 billion.

In terms of data centers, the first data hall at the Helios campus has been successfully delivered to CoreWeave, with all 133 megawatts of critical IT load expected to be delivered by the end of Q2 2026, and ERCOT has approved an additional 830 megawatts of power capacity, bringing the total approved capacity of the campus to over 1.6 gigawatts. In asset management, the assets under management at the end of the quarter were approximately $5 billion, with a net inflow of $69 million during the quarter; post-quarter, BlackRock announced that it has selected Galaxy as the staking validator for its first reward-based crypto ETF (iShares Staked Ethereum Trust ETF). Additionally, the company repurchased 3.2 million shares for $65 million this quarter and completed its delisting from the Toronto Stock Exchange, now only listed on NASDAQ.

Crypto derivatives trading platform Liquid completes $18 million Series A financing, led by Neo and Left Lane Capital

According to ChainCatcher, crypto derivatives trading platform Liquid has completed $18 million in Series A financing, led by Neo and Left Lane Capital, with participation from Haun Ventures, K5 Global, SV Angel, AntiFund, and Sunflower Capital.

The company previously completed a $7.6 million seed round led by Paradigm. Liquid was founded by former Two Sigma quantitative researcher and Harvard graduate Franklyn Wang, initially as a perpetual contract aggregation platform, and has now expanded to multi-asset trading including stocks, forex, commodities, and prediction markets. The platform supports leverage of up to 200 times and integrates trading across various assets, including Polymarket positions.

ZachXBT questions Sam Altman's associated project World for obtaining biometric data from low-income country users through token distribution

According to ChainCatcher, ZachXBT criticized Sam Altman's associated project World (formerly WorldCoin) on the X platform, questioning its practice of exchanging WLD tokens for biometric data from users in low-income countries.

He also criticized the low liquidity token design of WLD, claiming that the related identity verification system has spawned a black market for verified accounts, and questioned the token inflation mechanism and off-market position circulation issues.

Polymarket plans to bring major exchanges to the U.S., pending CFTC approval
According to ChainCatcher, Bloomberg reports that Polymarket is seeking CFTC approval to bring its main trading platform to the U.S.

South Korea recovers 33.9 billion won in cross-border tax over nine months, will start receiving overseas crypto asset reports next year

According to ChainCatcher, the South Korean National Tax Service has recovered 33.9 billion won in unpaid taxes through cross-border tax cooperation over the past nine months since the new system was implemented in July 2025, accounting for most of the total amount recovered cross-border since 2015.

Reports indicate that starting next year, South Korea will receive virtual asset transaction data from 56 countries based on a new crypto asset reporting framework and plans to exchange information on overseas real estate holdings and transactions starting in 2030.

Trump softens stance on prediction markets: Other countries are doing it, the U.S. cannot be left behind

According to ChainCatcher, Cointelegraph reports that U.S. President Trump has softened his stance just days after criticizing prediction markets. He stated, "I know some very smart people who like prediction markets. Many other countries are doing this, and if we don't, we will be isolated by other countries."

Previously, Trump expressed his dissatisfaction with prediction markets at the White House, stating that the whole world has turned into a casino, and he "conceptually dislikes" such things.

Sky proposal simplifies treasury management, shifting from governance-driven to rule-based spending

According to ChainCatcher, the Sky proposal comprehensively reforms the treasury revenue distribution mechanism. Founder Rune Christensen stated that with Genesis Capital's transition to Grove, Sky has officially ended its genesis capitalization phase, and the previous irregular capital deployment determined by governance has concluded.

The proposal simplifies the treasury management function (TMF) from a five-step conditional waterfall structure to a four-step fixed allocation framework, covering security and maintenance, overall backup capital, smart burn engine, and USDS staking rewards, while eliminating several legacy mechanisms. This move comes as Sky is rapidly expanding, with USDS supply having risen to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion through the stablecoin incubator Obex and launched the native USDS on Avalanche in April.

OpenAI's multiple growth targets fall short of expectations, $600 billion computing power commitment raises concerns

According to ChainCatcher, OpenAI's recent internal growth targets have fallen short of expectations, with CFO Sarah Friar warning that if revenue growth does not keep pace, the company may struggle to meet its approximately $600 billion computing power procurement commitment in the future, and the board has begun reviewing data center investment expansion plans.

Reports indicate that ChatGPT user growth, revenue targets, and subscription retention are all under pressure. Despite OpenAI recently completing $122 billion in financing, the company's management is still discussing long-term capital expenditures and IPO pacing. OpenAI denies any significant internal disagreements.

Crypto mining company MARA establishes MARA Foundation, focusing on long-term Bitcoin adoption and quantum resistance and security risks

According to ChainCatcher, The Block reports that MARA CEO Peter Thiel announced the establishment of a nonprofit organization, the MARA Foundation, dedicated to the long-term health, resilience, and adoption of the Bitcoin protocol. The foundation will support the development of quantum-resistant tools (such as PQ wallets and the BIP 360 proposal), believing that while quantum computing is not an immediate threat to Bitcoin, network upgrades take time, and preparation is crucial.

The foundation will also allocate resources to ensure Bitcoin's security budget, support the development of a robust and healthy Bitcoin transaction fee market, and launch global multilingual education programs, expand access to self-custody tools, and advocate for policymakers and activists.

Kalshi completes its first customized block trade, with liquidity provided by Jump

According to ChainCatcher, Kalshi CEO Tarek Mansour cited Bloomberg reports stating that Kalshi has completed its first customized block trade, with Jump Trading providing liquidity for the transaction. This trade was facilitated by Greenlight Commodities this month, representing a Houston-based environmental hedge fund that sought exposure to a contract tracking whether a specific price would be achieved in the carbon emissions allowance auction held in California in May.

Mansour stated that the institutional application of prediction markets could represent a $10-15 trillion market, with even greater growth potential depending on how widely they can popularize currently Wall Street-exclusive products.

White House crypto advisor hints at major announcement regarding Trump's strategic Bitcoin reserve in the coming weeks

According to ChainCatcher, The Block reports that Patrick Witt, executive director of the White House Presidential Advisory Council on Digital Assets, previewed a significant announcement regarding Trump's strategic Bitcoin reserve in the coming weeks at the Bitcoin 2026 conference. Witt stated that since Trump signed the executive order to establish a strategic Bitcoin reserve last year, the team has been researching relevant mechanisms and legal interpretations to ensure that digital assets (especially Bitcoin) on the government's balance sheet are properly protected and consolidated.

Meanwhile, lawmakers are pushing to legislate Trump's executive action. The BITCOIN bill reintroduced by Senator Cynthia Lummis and Representative Nick Begich has been renamed the "U.S. Reserve Modernization Act," which includes provisions to acquire 1 million Bitcoins within five years through a "budget-neutral strategy."

Avalanche Foundation: Supports DeFi United to restore rsETH collateral support

According to ChainCatcher, the Avalanche Foundation stated on the X platform that it supports DeFi United. This is a coordinated effort aimed at restoring rsETH collateral support. DeFi is undergoing public stress testing, with transparent accounting and real accountability, while traditional financial systems often take months or years to complete such repairs.

The Avalanche Foundation expressed support for Aave and the broader DeFi ecosystem.
Binance updates the KYC certification user sub-account limit for independent brokers

According to ChainCatcher, in an official announcement, Binance will update its KYC certification for independent brokers (crypto as a service CaaS - basic/advanced model), setting a limit on the number of sub-accounts for end users who have completed KYC verification for each independent broker client.

This change aims to standardize the services across the platform, thereby enhancing compliance and security for all products and users. Starting from April 29, 2026, at 08:00 (UTC+8), each independent broker can associate up to 5 sub-accounts for each user who has completed KYC verification.

Ondo: Its tokenized stocks will soon have shareholder governance and voting functions

According to ChainCatcher, Ondo Finance announced on the X platform that it has partnered with Broadridge, which provides communication services for retail and institutional investors. This collaboration will enable holders of Ondo's more than 250 tokenized stocks and ETFs to access investor information and participate in proxy voting.

Investors in tokenized stocks will be able to enjoy all the advantages of on-chain trading while participating in the governance of the underlying securities of the world's largest stocks and ETFs.

Meme Popularity Rankings

According to the meme token tracking and analysis platform GMGN, as of April 29, 09:00,

The top five popular tokens in the past 24 hours for ETH are: SHIB, LINK, PEPE, UNI, mUSD

The top five popular tokens in the past 24 hours for Solana are: swarms, Punch, neet, LOL, Buttcoin

The top five popular tokens in the past 24 hours for Base are: SKITTEN, PEPE, BASED, B3, SKYA

What are some interesting articles worth reading in the past 24 hours?

a16z Crypto: Stablecoins are rebuilding global financial infrastructure

The financial system is being rebuilt on new infrastructure, faster than most people outside the crypto industry realize.

Stablecoins are the catalyst for this transformation. They have evolved from niche trading tools to underlying infrastructure and are becoming the foundation for a new generation of global financial products.

The accompanying market map presents our view of this transformation. Specific companies may change, and categories may blur and evolve, but more importantly, the structure itself: how the new technology stack of global finance is forming, where it is maturing, and what gaps remain.

The most Crypto people are becoming the least Crypto

During April's Hong Kong Blockchain Week, what impressed me the most was not a panel but a scene.

Around ten o'clock at a tea restaurant in Wan Chai, four or five people were squeezed around a table, eating dry-fried beef ho fun while discussing what they would do next. A friend who previously worked on stablecoin payments said their team has fully shifted to AI; another who worked on on-chain data said he is now spending half his energy helping AI companies build data pipelines.

No one talked about coin prices, no one discussed narratives, and even the term Web3 hardly came up.

My feeling at the time was not surprise but a strange sense of familiarity—these people were sitting at the same table three years ago, surely discussing DeFi, NFTs, and blockchain games. They are still the same people, with the same excitement and full commitment.

From banned economist to new fire chief: Fu Peng has figured out the second half of traffic

On April 20, 2026, the Hong Kong-listed company New Fire Group (1611.HK) announced that former chief economist of Northeast Securities Fu Peng has officially joined as chief economist.

Upon the announcement, New Fire's stock price surged over 22% during trading, closing nearly 18% up on the day.

A few days later, Fu Peng also became popular on X. His tweets sparked a heated debate among crypto-native users, and after blocking several KOLs, community sentiment intensified, with people criticizing him, supporting him, and analyzing him, making the crypto Twitter scene lively for several days.

However, perhaps regardless of the voice, it is all part of the hype.

Because from the beginning, we were never his target customers.