> What are the sources of risk for the seven major high-yield strategies?

Article by: stablewatch
Compiled by: Azuma (@azuma\_eth)

Editor’s Note: The DeFi market has recently been turbulent. First, the popular project USDf briefly lost its peg due to concerns about reserve assets and sources of income. Then, the well-established contract trading platform GMX suffered over $40 million in losses due to a hacker attack (see "Over $40 million stolen, the story of GMX's precise ambush"). In a flash, the market is in a state of alarm, and in the face of seemingly decent yields, the safety of the principal seems even more important.

After the incident last night, stablewatch published an article titled "Does the DeFi world really have risk-free returns?" For all users intending to continue participating in DeFi, it is necessary.

The Reserve Bank of Australia announced that "Project Acacia" has entered the next phase, which will test 24 use cases to explore the application of encryption assets and Central Bank Digital Money in the wholesale tokenization market. Participants include major banks and fintech companies, with ASIC providing regulatory flexibility. This project aims to promote the development of the digital asset framework.

Justin Sun, founder of Tron, announced a $100 million investment in the TRUMP meme token, following its integration into the Tron blockchain. The move signifies his commitment to expanding the crypto landscape and collaborating with various communities.

HomeNews Australia approved 24 tokenized asset trials involving real money, central bank digital currency (CBDCs), and stablecoins.
The project, overseen by ASIC and called Project Acacia, will test blockchain-based settlements with major banks and fintech companies.
The trials will run for six mo

Key Insights
Tether has stockpiled nearly 80 tons of gold, valued at approximately $8 billion, into a secret vault in Switzerland.
This gold reserve represents less than 5% of Tether's total USDT reserves of more than $159 billion.
The timing aligns with gold's rally (over 38% in the past

Abstract
- BTC rose 2.39% this week, reaching 112,000 USDT and hitting a new all-time high; ETH surged by 8.35%.
- Monad Foundation will acquire the stablecoin infrastructure developer Portal Labs.
- The UK crypto platform Ziglu is facing financial collapse and has entered a special administration process.
- Ripple stablecoin RLUSD accelerates expansion, with circulation surpassing 500 million USD.
- RWA locked-up amount surpasses 6.1 billion USD, with BlackRock holding nearly 46% market share leading the race.
- Gate supports the public sale of Pump.fun (PUMP) token, with a total subscription amount of 150,000,000,000 PUMP.
Market Interpretation
Market Commentary
- BTC Market

Trump attacks the Fed, announces trade moves—can cryptocurrency hold steady or will tensions in the U.S. shake Bitcoin and altcoin in 2025?
Trump's economic strategy: Cutting interest rates, Tariffs, and Power
President Donald Trump once again ignited the debate

Changpeng Zhao's YZi Labs and 10X Capital are launching the BNB Treasury Company to enhance institutional interest in BNB. The initiative aims for a U.S. IPO and may boost BNB's market price through increased adoption.

India’s first State Carbon Bank will run on the Hedera network, enabling secure carbon credit trading.
Maharashtra leads the national push under the new CCT Scheme, with THG and Hedera delivering blockchain-backed carbon finance infrastructure.
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India’s new State Carbon Bank will run on the H