Ethena said on April 6, 2026 that it plans to broaden the reserve mix backing its USDe synthetic dollar token to reduce concentration risk. The protocol is finalizing overcollateralized stablecoin lending deals with Anchorage Digital, Maple Institutional, and Coinbase Asset Management, while also proposing additional RWA exposures and basis strategies beyond BTC and ETH perps.

Coinbase said it will support the DAI-to-USDS migration, with an automated conversion scheduled between 4 May and 6 May 2026 at an approximate 1:1 ratio. The exchange will disable DAI trading on 4 May, pause deposits and withdrawals from 4–6 May, and convert eligible balances with no fees, while excluding users in certain EEA jurisdictions.

On April 6, 2026, the U.S. Court of Appeals for the Third Circuit granted Kalshi a preliminary injunction blocking New Jersey's effort to halt its sports-related event contracts. The court said Kalshi's claim that federal law preempts state gambling rules had a sufficient likelihood of success, allowing the company to keep offering the contracts while the case proceeds.

The IMF says crypto tokenization represents a structural change to financial market "plumbing", warning it could amplify liquidity stress as settlement, margining, and compliance are embedded in code. The report argues that atomic settlement, 24/7 trading, and automated margin calls may accelerate shocks beyond regulators' response speed, while fragmented liquidity across chains can worsen slippage and risk management. It also notes emerging-markets exposure, where large flows of crypto tokens and dollar-pegged stablecoins could undermine local monetary policy tools.

Drift Protocol says the April 1 attack that led to a $285,000,000+ loss followed roughly six months of in-person social engineering tied to multiple crypto conferences. The Solana-based DeFi project says the group posed as a quantitative trading firm, onboarded an Ecosystem Vault in December and January, and deposited more than $1 milllion of its own capital before the incident.

Sen. Bill Hagerty said the CLARITY Act could enter the Senate Banking Committee work period starting April 14 and clear the panel by late April 2026. Separately, Sen. Cynthia Lummis said the stablecoin portion is "99% resolved," with leaders aiming for a full Senate vote before May. The FDIC is also set to finalize federal stablecoin issuance rules on April 7 following the GENIUS Act signed in July 2025.

US Senate Banking Committee member Bill Hagerty said Monday that Republicans aim to start moving a digital asset market structure bill through the panel beginning next week. He said unresolved issues remain, but he expects the legislation could be reported out of the banking committee in April. The bill would also require action by the Senate Agriculture Committee before any potential floor vote.

Polymarket said it launched Polymarket USD on April 6, 2026, replacing bridged USDC.e as the 1:1 USDC-backed collateral used across its prediction markets. The platform is also shipping CTF Exchange V2 with a rebuilt order book, lower gas costs, faster matching, and EIP-1271 support for smart contract wallets. Polymarket added that API traders and bot operators may need SDK and integration updates during a rollout expected to take two to three weeks.