Odaily Planet Daily reports that Tether is pushing for investors to participate in a new round of financing at a valuation of approximately $500 billion. However, the fundraising process may be delayed if market demand falls short of expectations. The report states that the company has been exploring financing plans since last year, but some investors are cautious about the valuation. If this valuation is achieved, Tether will be larger than most US banks, second only to JPMorgan Chase. Previously, the company discussed raising approximately $15 billion to $20 billion through a private placement, but those plans remain uncertain. (Cointelegraph)

According to Huoxun Finance, the total open interest of whales on the Hyperliquid platform is currently $3.458 billion, with long positions accounting for $1.766 billion (51.07%) and short positions accounting for $1.692 billion (48.93%). The overall profit/loss for long positions is -$119 million, and the overall profit/loss for short positions is $124 million. Furthermore, the whale address 0xa5b0..41 previously went all-in on ETH at a price of $2148.7 with 15x leverage, and currently has an unrealized profit/loss of -$6.7624 million.

According to Huoxun Finance, a judge in Nevada, USA, ruled that Kalshi's sports betting market products were "materially indistinguishable" from gambling activities, and extended the previously issued temporary injunction. The judge also granted a preliminary injunction filed by the state's gambling regulator, prohibiting Kalshi from continuing to provide related contract services in the state until further proceedings. The injunction, initially issued on March 20, covers sports, entertainment, and election-related betting markets. The regulator believes the products should be subject to state gambling laws, while Kalshi argues that they fall under federally regulated derivatives markets. The question of regulatory jurisdiction remains unresolved.

A Nevada judge ruled that Kalshi's sports betting prediction market products are "materially indistinguishable" from gambling activities, extending the previously issued temporary injunction and granting a preliminary injunction filed by the state's gambling regulator, prohibiting Kalshi from continuing to offer related contract services in the state until further proceedings. The injunction, initially issued on March 20, covers sports, entertainment, and election-related prediction markets. The regulator believes the products should be governed by state gambling laws, while Kalshi argues that they fall under federally regulated derivatives markets. The question of regulatory jurisdiction remains unresolved. (CoinDesk)

According to Huoxun Finance, the Irish government officially launched the testing phase of its digital wallet on April 3rd, which includes age verification functionality. This digital identity will support age verification on social media platforms, aiming to protect children and teenagers from online harm.