Kain Warwick, founder of Synthetix, tweeted on April 2 to respond to users' concerns about the depegging of the sUSD stablecoin, saying that "Synthetix is not dying." He pointed out that sUSD is indeed more volatile than USDT and DAI, but its design mechanism is different, which is normal.

As Trump eased the implementation of reciprocal trade measures, the three major U.S. stock indices surged, with the Dow Jones Industrial Average initially closing up 7.87%, the S&P 500 up 9.51%, and the Nasdaq Composite up 12.16%.

The U.S. Senate voted 52 to 44 to confirm President Donald Trump's nominee, Paul Atkins, as Chairman of the Securities and Exchange Commission (SEC). His term will last until June 5, 2026.

Web3 social media platform Wunder.Social announced the completion of a $50 million financing round led by Rollman Management. Wunder.Social said in the announcement that the project uses blockchain technology to verify user identities, thereby eliminating robots, and shares advertising revenue with users, allowing users to fund causes they care about.

World Liberty Financial, a DeFi project backed by the Trump family, began selling its Ethereum holdings at $1,465 per coin, even though the asset was purchased at $3,259 per coin at the beginning of the year. Arkham's on-chain data shows that a wallet closely associated with World Liberty Financial sold 5,471 ETH on Wednesday for about $8 million after accumulating losses of $125 million. World Liberty Financial's main wallet still holds $98 million worth of cryptocurrencies, of which $11.7 million is Ethereum.

The General Administration of Customs issued an announcement that from 12:01 on April 10, 2025, an additional tariff of 84% will be imposed on all imported goods originating in the United States on the basis of the current applicable tariff rate; if the goods have been shipped from the place of departure before 12:01 on April 10, 2025, and are imported between 12:01 on April 10, 2025 and 24:00 on May 13, 2025, the additional tariff will not be levied.

Tensions are rising in the PancakeSwap ecosystem. As the largest veCAKE holder and a contributor to PancakeSwap's long-term growth, Cakepie DAO has expressed strong opposition to the DEX's newly announced token economics proposal 3.0. The proposal, which includes plans to remove veCAKE, staking, voting measurement, and revenue sharing, raises many questions, especially in protocols that have built entire ecosystems around these mechanisms.

The 27 EU member states voted to impose a 25% tariff on US imports in retaliation for the Trump administration's announcement on March 12 of tariffs on EU steel and aluminum.

Bitcoin staking protocol Babylon announced that the Babylon Genesis chain is scheduled to be publicly released at 18:00 Beijing time on April 10, 2025, after a short setup period (used to activate key components such as validator nodes, finality providers, supervisors, bridges, etc.). This arrangement is the second phase of Babylon's launch of the Bitcoin staking protocol. When the second phase is launched, eligible airdrop recipients will receive BABY tokens in their registered BABY wallets without the need to claim them. BABY token transfers and staking will be enabled on the first day.

Web3 security company GoPlus Security published a post on the X platform saying that it conducted a security analysis on the 11 tokens in the second round of the BNB Chain $4.4 million liquidity support plan and found that some of the tokens had potential risks. Among the 11 tokens listed, WebKey DAO and NVB Bank were marked as high risk warnings, BabyMove was marked as medium risk warnings, and the rest were marked as low risk ratings (no obvious security risks were found).

Binance is about to launch LDUSDT — its second “yielding non-stablecoin margin asset” — for users of its cryptocurrency futures trading platform. With LDUSDT, users can convert locked USDT in Binance’s ‘Easy Earn’ USDT flexible product into a margin asset for futures trading while continuing to earn passive income, a Binance spokesperson revealed. “Users first subscribe to the ‘Easy Earn’ USDT flexible product to earn income in real-time annualized yield (APR),” the spokesperson explained. “Since their USDT is locked, they cannot do anything else with the funds until they redeem it. Now, they can convert their locked USDT into LDUSDT for futures trading and continue to earn that APR.” The spokesperson said the current APR is about 1.5% and is automatically updated every minute. The spokesperson added that the product name LDUSDT has no extended form and is expected to be launched “as soon as possible this month.”