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.”

First Digital Trust (FDT), a controversial stablecoin issuer, recently responded to the accusations of TRON founder Justin Sun, saying that its transfer of more than $500 million in TUSD reserve funds to the Dubai ARIA Fund was carried out in response to investment instructions from its partner Techteryx. FDT stated that these fund transfers, which were characterized as "commodity investments", were completed in multiple transactions, and disclosed the authorization letter signed by Techteryx on March 14, 2022 as evidence.

The State Council Tariff Commission issued an announcement today that from 12:01 on April 10, the additional tariff rate stipulated in the "Announcement of the State Council Tariff Commission on the Imposition of Additional Tariffs on Imported Goods Originating in the United States" (Tax Commission Announcement No. 4 of 2025) will be adjusted. The additional tariff rate on all imported goods originating in the United States will be increased from 34% to 84%.

Binance has announced that it will list Babylon (BABY), the 14th project on its HODLer Airdrops page. The project improves the security of PoS blockchains by enabling self-custodial BTC staking on the Bitcoin network. Users who subscribe to BNB to Simple Earn or On-Chain Yields products between 00:00 on March 7, 2025 and 23:59 on March 12, 2025, will receive a BABY airdrop reward. The airdrop information is expected to be announced within 12 hours, and the airdropped tokens will be distributed to users' spot accounts at least 1 hour before trading starts. Binance will list BABY at 18:00 on April 10, Beijing time, and open its trading pairs with USDT, USDC, BNB, FDUSD, and TRY. Users can start depositing BABY 6 hours after this announcement. The initial total supply of BABY is 10 billion, and the total supply at listing is 10.015 billion, with a circulating supply of 22.9%.

According to Jinshi Data, Japan's 30-year government bond yield rose to 2.785% on Wednesday, the highest level since August 2004, up 22 basis points on the day to 2.715%. The increase was mainly due to investors selling the most liquid bonds to raise cash amid market turmoil. Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management, said the situation was similar to panic selling, and the yield had exceeded the level before Trump announced the tariff increase. In response to financial market problems, the Bank of Japan, the Ministry of Finance and the Financial Services Agency will hold a meeting of senior officials at 15:00 Beijing time to discuss. Earlier news, the Bank of Japan, the Ministry of Finance and the Financial Services Agency will hold a meeting to discuss international financial markets.

Economist Peter Schiff warned that the U.S. Treasury yields are rising rapidly, with the 10-year yield reaching 4.5% and the 30-year yield rising to 5%. He said that if the Federal Reserve does not urgently cut interest rates and launch a large-scale quantitative easing program tomorrow morning, the stock market may experience a crash similar to that of 1987.