In Today’s Issue:
Need to Know DeFi Ecosystem Shifts
This Week in Hemi: Protocol Updates, New Partnership, and More
Community Highlights
This Week’s Hemi Yield Opportunities

Scroll to the bottom for the answer.
Q: What phrase do Bitcoiners use to describe buying small amounts of BTC consistently over time?

Japan Sees Shift In Crypto Regulation
Japan is advancing a major regulatory overhaul that would shift crypto assets out of payment frameworks and into financial instruments-style regulation under the Financial Instruments and Exchange Act. The proposal introduces stricter disclosure rules, insider trading enforcement, and stronger oversight of exchanges and issuers. Regulators are explicitly aligning crypto with traditional markets to improve investor protection and enable institutional participation.
DeFi Debate Intensifies On Regulatory Market Structure
US Regulators and policymakers have signaled concern around stablecoin-based yield and “earn” products, while leaving open questions around DeFi protocols where returns are generated through trading, liquidity provision, or other onchain activity. At the same time, there is no clear consensus on accountability, with ongoing debate over whether responsibility lies with developers, interfaces, or users themselves.
Polymarket Deal Signals Prediction Markets Maturation
Polymarket’s April 8 acquisition of Brahma, focused on improving execution, scalability, and backend performance, reflects a broader shift as prediction markets evolve into core DeFi infrastructure. Beyond a single platform upgrade, it signals growing competition and early consolidation in a category that is increasingly defined by system efficiency and data-driven trading, positioning prediction markets alongside perps and DEXs as a primary driver of onchain activity.

Threshold Signature Library Live
Major updates to the threshold signature library now live and open source. Integration work is underway with a new ZK proving system designed to make the entire bridge fault-attributable onchain, improving transparency and security guarantees.
veHEMI Restaking System Enters Testing Phase
A shared economic security model for veHEMI is now being tested, introducing restaking across up to 64 positions grouped into a single security unit. This system will underpin multiple protocol components, positioning veHEMI as a core economic layer for protocol security. Audit preparation is underway. 
ZK Prover Marketplace Expands Permissionless Design
Work continues on a chain-agnostic ZK prover marketplace that supports multiple proving systems and enables developers to programmatically request proofs without constructing witnesses onchain. The design prioritizes composability and removes centralized coordinators.

The defining shift in stablecoin yield is the divide between passive custody and active, risk-based deployment.


Hemi continues to move forward across core infrastructure.
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Pool | APY/APR* | Asset | Begin Earning |
SushiSwapV3 HEMI-USDC.e | 22.13% | HEMI, USDC.e | |
SushiSwapV3 HEMI-USDT | 18.37%% | HEMI, USDT | |
SushiSwapV3 HEMI-hemiBTC | 16.6% | HEMI, hemiBTC |
Pure BTC-based Yield Opportunities
Pool | APY/APR* | Asset | Begin Earning |
SushiSwapV3: HEMI-hemiBTC | 19.91% | HEMI, hemiBTC | |
Lagoon: | 4.45% | HEMI, hemiBTC | |
StakeDAO: | 2.1% | hemiBTC-WBTC-cbBTC | |
Beefy Finance hemiBTC-WBTC-cbBTC | 1.82% | hemiBTC-WBTC-cbBTC |
*APY/APR varies by strategy, custody jurisdiction, and market conditions. |

A: Stacking sats, short for stacking satoshis, BTC’s smallest increment.

