[News Brief] Apr 22, morning | Trump Says Iran Proposal Hard to Accept, Warns Airstrikes Could Resume

President Trump said it would be difficult to accept Iran’s recent proposal and warned that airstrikes on Iran could resume.

According to panewslab.com, on the evening of May 2 (U.S. Eastern Time), President Trump said in an interview at a Florida airport and in social media posts that he would review Iran’s proposal soon but that it would be difficult to accept. He also raised pressure on Tehran, saying Iran had not paid a sufficient price.

Earlier the same day, before boarding Air Force One, Trump had said he would explain Iran’s latest proposal later. Iran is reportedly known to have sent a new 14-point proposal via Pakistan in response to a 9-point proposal from the United States.

Iran said that all traffic passing through the Strait of Hormuz must obtain Iran’s permission.

According to Odaily, on May 3, the chairman of the Iranian parliament’s civil affairs committee said that under parliament’s plan for managing the Strait of Hormuz, all traffic passing through the strait must receive Iran’s approval. He also claimed that cargo owned by Israel has no right to pass under any circumstances, and that hostile states that have engaged in conflict with Iran may not pass through the Strait of Hormuz until they compensate for damages.

The Strait of Hormuz is a key corridor for global crude oil and maritime logistics, and such remarks could increase volatility in international oil prices and risk-asset markets.

Brazil’s central bank will ban the use of cryptocurrencies such as stablecoins and Bitcoin in cross-border payments by electronic foreign exchange (eFX) service providers starting on October 1.

According to PANews, citing CoinDesk, the measure applies to fintech firms and payment companies, and its core purpose is to block the use of cryptocurrencies as backend settlement channels in overseas remittance processes. However, individual investors will still be allowed to buy and hold cryptocurrencies.

Under the new rules, electronic foreign exchange payments must be processed only through foreign exchange transaction accounts or nonresident reais accounts. Unauthorized firms must obtain approval from Brazil’s central bank by May 2027.

The move is being interpreted as part of a broader push by Brazilian authorities to strengthen oversight of cross-border capital flows and foreign exchange settlement systems.

U.S. senators have reached a compromise on provisions related to yield-bearing stablecoins, increasing the likelihood that discussion of the long-stalled Clarity Act in the Senate could regain momentum.

According to Odaily, Senator Thom Tillis and Senator Angela Alsobrooks finalized compromise language on the issue. Section 404 would prohibit crypto firms from offering interest or yield that is economically or functionally equivalent to bank deposits, while allowing activity-based incentives tied to actual platform use.

Coinbase CEO Brian Armstrong said the Senate Banking Committee should quickly review the bill. The agreement is seen as a possible condition for restarting a legislative process that had remained stalled for an extended period.

Disagreements over the yield provision had previously been a key obstacle to advancing the bill.

BlackRock submitted comments to the U.S. Office of the Comptroller of the Currency (OCC), opposing a proposed rule that would cap tokenized reserve assets at 20%. BlackRock argued that the limit could weigh on the growth of its BUIDL fund and related products.

On May 3, PANews, citing The Block, reported that BlackRock submitted a comment letter to the OCC regarding reserve asset limits included in the draft implementation rules for the GENIUS Act. BlackRock opposed the 20% ceiling on tokenized reserve assets and asked regulators to clarify whether Treasury ETFs qualify as reserve assets. It also urged the inclusion of two-year floating-rate Treasuries in the list of eligible assets.

BlackRock also noted that its BUIDL fund accounts for most of the underlying holdings of Ethena’s USDtb and Jupiter’s JupUSD. The comment letter is drawing attention because detailed U.S. rules on stablecoins and reserve assets could directly affect market structure.

Wasabi Protocol said that users of unaffected EVM vaults can now withdraw their funds normally following the security incident.

According to PANews on May 3, the project team said it is actively handling the incident and that details cannot yet be disclosed because the investigation is ongoing. It added that it would provide the community with further updates as soon as possible and asked for users’ patience.

Previously, on-chain security firm PeckShield reported signs that Wasabi Protocol may have been hacked through the theft of an administrator private key, with estimated losses of about $5.5 million across multiple blockchains.

SEC Chair Paul Atkins said that the existing legal framework alone is insufficient to keep up with the pace of development in the cryptocurrency industry.

According to WuBlockchain, Chair Atkins said at the Bitcoin 2026 event in Las Vegas that U.S. elections significantly reshape the crypto regulatory landscape, explaining that regulators and policy direction are heavily influenced by election outcomes.

The remarks are being interpreted as another public acknowledgment of the need to overhaul the U.S. digital asset regulatory framework. The market has previously expected that changes in the SEC’s policy stance and progress in legislation could affect how quickly the crypto industry is integrated into the regulated financial system.

The Ethereum Foundation said that the three core goals of the Glamsterdam upgrade have effectively been completed and that it plans to move toward raising the gas limit floor to 200 million.

According to PANews, the foundation said that more than 100 Ethereum core developers gathered last week in Longyearbyen, Svalbard, Norway, to work on the Glamsterdam upgrade. The key goals were reaching consensus on a 200 million gas floor, implementing a stable external builder process for ePBS (enshrined PBS), and finalizing the gas repricing parameters for EIP-8037.

The foundation explained that the Glamsterdam upgrade is focused on safely raising the gas limit to expand Ethereum throughput. ePBS restructures the proposer-builder model to improve the block execution time window, block-level access list (BAL) optimization improves parallel execution and I/O efficiency, and EIP-8037 raises the cost of state creation to curb unbounded state growth resulting from excessive gas-limit expansion.

The foundation added that, as of this week, most clients are operating stably on glamsterdam-devnet-2, and testing of the overall external builder process has also been successfully completed. It said this provides a stable foundation for a 200 million gas-limit floor.

It also said there had been progress on FOCIL, native account abstraction, and features related to the future Hegota upgrade. The foundation plans to continue strengthening client security, improving testing, and merging code over the coming weeks, with final details to be disclosed at an AllCoreDevs meeting.

Argentina’s National Securities Commission (CNV) has proposed General Resolution No. 1137 to revise rules on RWA tokenization and broaden the scope of financial instruments that can be traded using distributed ledger technology (DLT), PANews reported on May 3, citing CriptoNoticias.

According to the report, while the existing legal framework allowed only the digital representation of certain financial products, the new resolution would remove that restriction and allow all closed-end funds that have received automatic public offering approval to be converted into digital assets.

CNV also plans to extend the operation of its regulatory sandbox through December 31, 2027. The move is intended to let fintech companies test new business models related to digital currencies and Bitcoin technology outside the existing regulatory framework.

The proposal is seen as part of Argentina’s broader push to simultaneously bring digital assets into the regulatory system and expand the tokenization market.

Polymarket’s monthly fee revenue for April totaled $43.36 million.

WuBlockchain, citing DeFiLlama data, reported that prediction market platform Polymarket generated $43.36 million in monthly fees in April. That figure was more than double the previous month.

Annualized, the figure amounts to about $520 million. The rapid growth in Polymarket’s trading activity is being interpreted as a sign of strengthening platform profitability.

Previously, Polymarket saw sharp increases in users and trading volume driven by betting demand related to the U.S. presidential election and major macro events.