1. Colombia’s Largest Pension Fund Porvenir Launches Crypto Portfolio Enabling Indirect Bitcoin Investment via IBIT link
Porvenir, Colombia’s largest pension fund manager, has launched a crypto investment portfolio that allows users to gain indirect Bitcoin exposure by investing in BlackRock’s IBIT. The product is only available to voluntary pension accounts with a minimum investment of 100,000 Colombian pesos, approximately 25 US dollars, and requires completion of a risk assessment before participation. Porvenir stated that the move aims to attract young investors aged 18 to 45 and respond to the regional trend that the number of crypto users in Latin America has grown by 64% year-on-year to around 79 million. Previously, local pension institutions including Protección and Skandia have rolled out similar products, positioning them as long-term asset allocation tools.
2. U.S. CLARITY Act: May Progress Becomes Critical Watch Point link
There has been no obvious public progress on the U.S. crypto market structure bill CLARITY Act in the past month. It is not expected to be advanced in April, and May will become a key observation window. U.S. Memorial Day (May 25) is regarded as the deadline for completing key progress if the bill is to have a chance of passage before the election. After that, as summer approaches, legislators will leave Washington to engage in campaign activities. More than 100 crypto industry institutions signed an open letter last week, urging the Senate Banking Committee to hold a revision and review hearing. However, the advancement timeline remains unclear, and issues such as stablecoin returns have not been publicly resolved. Even if relevant issues are resolved, the House of Representatives will still need to vote on the bill again.
3. Trump Administration Advances Proposal for Strategic Bitcoin Reserve link
The Trump administration is advancing proposals related to the Strategic Bitcoin Reserve. According to Bybit’s weekly report, the White House has previously confirmed that the Trump administration plans to release an official proposal within the next two months, intending to designate approximately 200,000 Bitcoins seized by the government in law enforcement actions as national reserve assets. Meanwhile, Patrick Witt, White House Digital Asset Advisor, revealed at the Bitcoin 2026 Conference that there will be a major announcement regarding the strategic reserve in the coming weeks, with ongoing legal and legislative follow-up work. Specific implementation details and the final plan are subject to subsequent official documents.
4. EU Adopts 20th Sanctions Package Against Russia, Including Crypto Ban link
The European Union has adopted its 20th round of sanctions against Russia, one of the largest packages in the past two years. It imposes comprehensive restrictions on the crypto industry for the first time, including banning the operation of Russian crypto service providers and platforms, blocking the digital ruble and the stablecoin RUBx, and prohibiting EU entities from trading on crypto and DeFi platforms in Russia and Belarus. The sanctions also cover 20 Russian banks and relevant financial institutions. The EU stated that Russia is increasingly relying on crypto assets to evade sanctions.
5. Canada Proposes Crypto ATM Ban to Combat Fraud and Money Laundering link
Canadian police warn that scammers are using the logo of the Royal Canadian Mounted Police (RCMP) to carry out crypto asset recovery scams, targeting victims who have already been defrauded for secondary fraud. A resident previously lost approximately 5,000 Canadian dollars in a crypto remote work scam. Later, after filling out a fake RCMP official form, the resident received a call from someone claiming to be a lawyer, who alleged that about 60,000 Canadian dollars in crypto earnings under the resident’s name had been identified and offered assistance in recovering the funds. Police stressed that the RCMP will not contact individuals to inform them of detected crypto accounts, will not cooperate with private institutions in paid recovery services, and will never request any payment for fraud case investigations.
6. Canada’s Sovereign Wealth Fund AIMCo Discloses $219 Million Stake in MicroStrategy link
The Government of Canada announced in its 2026 Spring Economic Update that it plans to ban cryptocurrency ATMs to protect citizens from fraud. The government stated that crypto ATMs have become a primary method for scammers to defraud victims and for criminals to launder funds. According to statistics, Canada currently has nearly 4,000 crypto ATMs, the highest per capita in the world. Analysis by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) indicates that these machines have become a core channel for money laundering and the outflow of fraudulent funds.
7. PayPal Announces Business Restructuring: Launches Standalone Crypto Division, Plans to Spin Off Venmo as Independent Unit link
According to an official announcement from PayPal, the company has unveiled a strategic restructuring of its business and leadership team. As part of the restructuring, PayPal will transform into an operational structure consisting of three major business divisions: Checkout Solutions and PayPal, Consumer Financial Services and Venmo, and Payment Services & Crypto. The Payment Services & Crypto division will unify the company’s processing and platform capabilities, including Braintree, payment processing for small and medium-sized enterprises, and cryptocurrency business involving the PYUSD stablecoin.
8. 2026 RWA Report: Tokenized RWA Market Cap Surpasses $19.3 Billion, U.S. Treasuries and Gold Dominate link
CoinGecko released the 2026 RWA Report, showing that the market value of tokenized RWA increased by 256.7% in the past 15 months, soaring from 5.42 billion US dollars at the beginning of 2025 to 19.32 billion US dollars at the end of the first quarter of 2026, and currently accounts for 6.4% of the stablecoin market value. The report points out that tokenized US Treasury bonds remain the largest asset category, with their market value exceeding 10 billion US dollars for the first time in February this year and currently holding a market share of 67.2%. The market value of tokenized commodities has risen to 5.55 billion US dollars. Among them, gold tokens led by XAUT and PAXG have performed strongly, with their Q1 spot trading volume reaching 907 billion US dollars, surpassing the total volume for the whole year of 2025. In addition, the market value of tokenized stocks launched since mid-2025 has reached 486 million US dollars.
9. Robinhood Q1 Revenue Rises 15% YoY, Crypto Revenue Plunges 47% link
Robinhood Markets released its financial results for the first quarter of 2026, with total revenue rising 15% year-on-year to 1.07 billion US dollars and diluted earnings per share at 0.38 US dollars, representing a 3% year-on-year increase. Net deposits reached 17.7 billion US dollars, corresponding to an annualized growth rate of 22%, and total assets on the platform grew 39% year-on-year to 307 billion US dollars. Trading revenue increased 7% year-on-year to 623 million US dollars, mainly driven by income from options, stocks and event contracts, while cryptocurrency revenue fell 47% year-on-year to 134 million US dollars. Net interest income rose 24% year-on-year to 359 million US dollars.
Ark Invest, the investment firm led by Cathie Wood, purchased approximately 553,892 shares of Robinhood (HOOD) worth about 39.4 million US dollars through three of its exchange-traded index funds (ETFs) on Wednesday. Meanwhile, the institution sold 243,147 shares of its own Ark 21Shares Bitcoin ETF (ARKB) from ARKW and ARKF, valued at around 6.1 million US dollars.
10. Web3 Gaming Sector Contracts Sharply: Over 93% of Projects Defunct, Quarterly Funding Collapses by 99% link
Research institution Caladan pointed out that the Web3 gaming track is undergoing an overall contraction: approximately 93% of projects have essentially failed, the prices of related tokens have dropped by an average of about 95% from their 2022 peaks, and the financing scale of game studios has fallen by around 93% from its highest point. Meanwhile, capital allocation has also reversed significantly. In 2022, about 62.5% of Web3 venture capital flowed into the gaming sector, while the proportion dropped to single digits by 2025. The quarterly financing volume has plunged from a peak of approximately 1.6 billion US dollars to around 18 million US dollars, a decline of nearly 99%. The report believes that after a period of expansion driven by high valuations and capital, the industry has now entered a clear consolidation phase, with funds accelerating their flow into sectors such as AI, infrastructure and RWA.
Fundraising
Blockworks completes extended Series A financing with a valuation of 192 million US dollars. link
Galaxy Digital leads a 20 million US dollar financing round for fintech firm Fence. link
Tether leads a 14 million US dollar Series A financing round for digital wallet Belo. link
RWA platform Nuva Digital secures 5.2 million US dollar seed funding led by Morgan Creek Digital. link
Legend closes 3.5 million US dollar seed financing led by Electric Capital. link
Trading platform Liquid completes 18 million US dollar Series A financing led by Neo and Left Lane Capital. link
Solana Company announces the issuance of approximately 3.077 million Class A common shares, expecting to raise around 8 million US dollars. link
Solana yield trading platform Exponent finishes 5 million US dollar seed funding led by Multicoin Capital. link
Learn more, check out crypto-fundraising.info.
Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish