The SEC approved FINRA's proposal to eliminate the Pattern Day Trader rule, removing the $25,000 minimum balance requirement for retail investors and introducing a risk-based intraday margin model to enhance market liquidity.

The SEC has repealed the Pattern Day Trader rule, eliminating the $25,000 minimum balance requirement for day trading accounts, intended to limit frequent trading and investor risk.

21Shares US has revised its Hyperliquid ETF filing (ticker THYP) following SEC feedback, as reported by Bloomberg's James Seyffart. Management fee details remain undisclosed.

Goldman Sachs filed for a Bitcoin ETF with the SEC, aiming to invest primarily in Bitcoin ETPs and generate monthly dividends through options sales. This move marks a shift to issuer status and reflects increasing institutional interest in crypto investments.

Goldman Sachs has applied to the SEC to launch a Bitcoin Premium Income ETF, marking its entry into the Bitcoin ETF market. This follows Morgan Stanley's recent launch of a similar product, highlighting growth in institutional Bitcoin yield-focused investments.

Nigeria's SEC, led by Emomotimi Agama, will intensify efforts to tackle naira manipulation in the crypto sector by removing the currency from peer-to-peer platforms. Following previous enforcement actions, industry stakeholders are urging for clearer regulations and a unified policy approach.

Ondo Finance filed a request with the SEC on April 13, seeking confirmation that recording securities interests on the Ethereum mainnet in a tokenized form is compliant under certain patterns. Ondo believes that this on-chain recording can improve collateral monitoring, optimize processes, and simplify reconciliations, with the goal of operating in coordination with traditional finance.

CFTC Chair Mike Selig emphasized that the CFTC has the only regulatory authority over prediction markets, and that states cannot replace federal oversight. At the same time, the CFTC is clarifying regulatory details through rulemaking and welcomes public input. In addition, the digital asset classification guidance jointly released by the CFTC and the SEC will help businesses clearly determine the nature of digital assets.

Bitwise filed an amendment for its spot Hyperliquid ETF with the SEC on April 11, adding the trading code BHYP, with a management fee of 0.67%. Analysts noted that these updates often signal that a product is about to launch. Bitwise, Grayscale, and 21Shares are competing for the right to issue the first Hyperliquid spot ETF.

Securitize, an asset tokenization platform, appointed Brett Redfearn as President and a member of the board of directors on April 9. Redfearn previously served as Chair of the advisory committee and has extensive experience in regulation and market structure, helping advance the development of capital markets.