Draft legislative language circulated on Capitol Hill earlier this week as negotiators again tried to settle how stablecoin rewards should be treated. The issue has been stuck for about a year and, according to Coin Center policy director Jason Somensatto, remains the main obstacle to moving broader crypto legislation forward.

P2P.me said its team controlled an on-chain account labeled "P2P Team" that wagered on whether the project would hit a $6 million fundraising target. The project said the trades were made about 10 days before the raise ended using its foundation treasury, and it plans to unwind the positions and return proceeds. The disclosure followed Polymarket's March 23 update that tightened definitions around insider trading and manipulation.

California Gov. Gavin Newsom signed an executive order Friday that immediately prohibits gubernatorial appointees from using confidential, non-public information to profit on prediction markets including Polymarket and Kalshi. The directive also bars appointees from helping spouses, family members, business partners, or associates place bets using insider details obtained through official duties.

Intercontinental Exchange (ICE), owner of the NYSE, has made a $600 million cash investment in Polymarket, completing a structured program it first announced in October 2025. The company also said it expects to buy up to $40 million of Polymarket securities from existing holders, bringing the combined primary and secondary components toward the original plan's upper limit.

Rep. Maxine Waters sent a letter on Thursday to Kansas City Fed President Jeff Schmid seeking details on Kraken Financial's Federal Reserve master account and what services it can access. She set an April 10 deadline for explanations on Fedwire/ACH scope, restrictions, and the AML and consumer-protection reviews tied to the approval. Kraken Financial's access was granted as a one-year pilot on March 4, 2026, placing a crypto-native firm onto core payment rails.

DeFi entering 2026 is described as moving from experimentation to infrastructure, with Total Value Locked estimated at $130–$140 billion and capital increasingly concentrating in a small set of major protocols. The piece outlines four pillars—Aave-led lending, EigenLayer restaking, yield-bearing stablecoins, and evolving DEX routing—while flagging Ethereum concentration, regulatory uncertainty, and exploit losses that reached about $2 billion in 2025.

Torg Grabber, a newly identified infostealer, is being deployed to target 728 crypto wallet browser extensions across 850 add-ons. The malware is designed to steal seed phrases, private keys, and session tokens using encrypted exfiltration routes, with browser-extension self-custody users as the main exposure surface.

Startale Group has completed a $63 million Series A round with backing from SBI Group and Sony Innovation Fund, split into two tranches. The company said the funding will be used to scale its Strium Layer 1 for tokenized securities, expand its JPYSC and USDSC stablecoins, and upgrade the Startale App into a consumer SuperApp built on Sony's Ethereum Layer 2, Soneium.