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ChainCatcher reported that Yei Finance has announced the official launch of its cross-chain liquidation and execution layer product, Clovis. The first batch of pre-deposit quotas sold out within 90 minutes, and the second round of quotas sold out within 30 minutes, with deposits from over a thousand users. According to official sources, the third wave of pre-deposit quotas is expected to open again next week. As the largest lending, DEX, and cross-chain integrated protocol by TVL on Sei, the core of Yei Finance's newly launched Clovis lies in building a cross-chain liquidation and execution layer in the DeFi sector. The goal is to break down barriers between chains and integrate cross-chain liquidity, thereby significantly improving capital efficiency.

ChainCatcher News, according to market sources, a senior official from the Indian Ministry of Finance revealed that India will implement the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) starting from April 1, 2027, bringing overseas crypto assets held by Indian residents under tax regulation. The official stated that India is expected to sign the Multilateral Competent Authority Agreement (MCAA) next year—a global framework for the automatic exchange of tax information. The official clarified that although India signed the MCAA for financial account information in 2015, a separate agreement under the CARF framework is still required for crypto assets. To ensure deployment is completed before the 2027 deadline, relevant legislative amendments and system preparations have already been fully launched.