Tempo Launches Private Zones

Find out our latest reports, listed below:‍

• Block Scholes x Panoptic: Bridging The Onchain Convexity Gap
• Volatility Report: February 2026
• 2026 – the year of RWA perps?
• Bybit x Block Scholes: “2026: It's Different This Time

‍

Market Snapshot: Overnight Moves

Daily Updates:

• The risk appetite has continued to prevail across financial markets as US equities recorded yet another all-time high yesterday, while BTC continues to consolidate around $75K — supported by three days of Spot ETF inflows. 

• As has been the theme for much of this week, President Trump once more portrayed an optimistic stance on the prospects of a longer-term end to the US-Iran war. 
• Speaking to reporters yesterday, the US president predicted that a full resolution between both sides could be reached “fairly soon”, thereby bypassing the need for an extension to the current two-week ceasefire. 
• “It’s looking very good that we’re going to make a deal with Iran, and it’s going to be a good deal”, Trump said, including that a deal will involve a full reopening of the Hormuz waterway. 
• Trump added that Iran has “agreed to almost everything, They got to get to the table with a pen.”
• He also claimed that the country had agreed to give up its ambitions for a nuclear weapon (something Iran is yet to confirm publically), and that talks between both sides could resume over the weekend. 
• As such, the US president predicts a full resolution can be reached “fairly soon” without the need of extending the current two-week ceasefire. 
• Meanwhile, on Truth Social he wrote that Israel and Lebanon have “agreed that in order to achieve PEACE between their Countries, they will formally begin a 10 Day CEASEFIRE”. 

• The positive geopolitical signs were quickly embraced by markets. US equities continued their march higher — the S&P 500 rose 0.26%, closing at another high. So far in April, the index is up 7%, having posted only one daily decline so far. Meanwhile the Nasdaq-100 rallied for a 12th straight session, its longest win streak since July 2017.
• Crude oil currently trades around $98 a barrel. 

• An attempt by US Democrats to limit President Trump's ability to continue the war in Iran failed in the US House yesterday. 
• If passed, the war-powers measure would have required Trump to end the US military’s actions in Iran unless explicitly approved by Congress, invoking the 1973 War Powers Resolution that sets a deadline of 60 days for presidential military action without lawmakers’ consent. 
• The vote ended in a 213 to 214 split. 
• It follows a similar loss in the US Senate earlier this week on Wednesday. In the Senate, members voted 47 to 52, marking the fourth defeat on the measure so far. 
• Democrats however said that they plan to introduce similar measures every week, even if they do not pass, so each lawmaker's stance on the war can be recorded.

• Charles Schwab announced Schwab Crypto™ yesterday, a spot crypto trading service that it will roll out to clients in the upcoming weeks. The platform will provide a direct way of trading BTC and ETH, as well as educational content around crypto assets. 
• Head of Retail Investing at the firm said, “With Schwab Crypto, clients who want direct access to the asset class can trade it alongside their other investments, while benefiting from the service, education, and research they expect from us.”
• At launch, the platform will support the two largest cryptoassets, which together account for roughly 75% of total crypto market capitalisation, and will charge 75 basis points per trade, which Schwab says places its pricing among the lowest in the industry.

• A class action lawsuit has been filed against Circle by Gibbs Mura on behalf of Drift Protocol investors who lost funds in the $280M April 1 hack, one of the largest crypto exploits of the year. 
• The suit alleges that Circle failed to act as attackers moved over $230M in stolen USDC across its CCTP bridge in more than 100 transactions over several hours, despite having the authority and capability to freeze the funds. 
• It also claims Circle has a pattern of not intervening in similar incidents, intensifying scrutiny over its compliance practices and role in limiting illicit fund flows.

• The Ethereum Foundation has released a recap of its ETH Rangers Program, outlining results from 17 researchers including over $5.8M recovered, 785+ vulnerabilities identified, and 36+ incident responses handled.
• The update highlights new technical outputs such as open-source tooling, exploit PoC databases, and threat intelligence frameworks, alongside ecosystem engagement across 800+ teams and 80+ workshops.
• The Ketman Project in particular, identified around 100 suspected DPRK-linked IT workers operating across 53 Web3 organizations, using techniques such as GitHub activity anomaly detection, behavioural clustering, and cross-platform identity tracing. 
• DPRK is allegedly behind the recent Drift Protocol $280M exploit. 

• Tempo, a Layer 1 blockchain backed by Stripe and Paradigm, has launched “Zones,” which are private execution environments functioning as parallel chains connected to Tempo Mainnet, where transactions remain hidden except for cryptographic validity proofs. 
• Within a zone, the operator sequences and processes transactions with full visibility for compliance purposes, while users only see their own balances, and all funds remain locked in smart contracts on Mainnet, ensuring only the asset owner can withdraw. 
• The system maintains interoperability and enforces issuer-defined compliance rules, such as allowlists, blocklists, and freezes, across all zones, with transaction validity and rule enforcement verified cryptographically by the main network rather than the operator.

• The release of a draft bill addressing the stablecoin yield debate has been delayed by Senator Thom Tillis, saying he will wait until the bill’s review timeline is confirmed before sharing any details.
• This follows earlier reports that Senator Tillis planned to release a draft bill this week to address the stablecoin yield issue under the Clarity Act. 

• The UK Financial Conduct Authority has opened a fresh consultation on how key crypto activities should be treated under the country’s future regulatory perimeter, as it works toward a full regime due to take effect in October 2027.
• The consultation covers core segments of the market including stablecoin issuance, trading platforms, custody and staking, with responses due by June 3, 2026. 
• Firms are expected to be able to begin applying for FCA authorisation from September 30, 2026, giving the market a roughly one-year transition period ahead of implementation.

• Flow Capital Partners is set to tokenise its $150M private credit fund through DigiFT, marking another step in the continued institutionalisation of real-world assets on public blockchain infrastructure.
• According to Bloomberg, the Hong Kong-based asset manager plans to bring the fund onchain by the end of April and raise a further $30M in tokenised shares by year-end, with ambitions to scale the strategy to $250M by the end of 2026.

This Week’s Calendar:

Charts of the Day:

‍