Mask Network founder Suji Yan said on the X platform: "The team has noticed the recent sudden drop in MASK's price and is working hard to obtain more information/details. The solution will be announced within 1-2 days." The market shows that the MASK token is currently trading at US$1.25, down 9.2% in 24 hours and 43.8% in the past 7 days.
A whale unstaked 20 minutes ago and deposited 71,448 SOLs into Binance, worth $8.54 million
According to Lookonchain monitoring, 20 minutes ago, a whale unstaked and deposited 71,448 SOL (worth $8.54 million) to Binance. The whale still has 568,000 SOL (worth $68 million) in the stake.
John, the chief contributor of the blockchain game ecosystem Treasure DAO, announced that due to the deterioration of financial conditions and the reorganization, the game operation and Treasure Chain will be terminated. The document shows that its annual operating expenses are as high as 8.3 million US dollars, and the current treasury has only 2.4 million US dollars, which was originally expected to last only until July 2025. Faced with the pressure of survival, DAO has laid off 15 people and decided to terminate the game distribution support and Treasure Chain, and assist partners to migrate to other chains. In order to extend the capital runway, John proposed to withdraw the idle 785,000 US dollars from the market maker Flowdesk. If approved, the stablecoin balance will increase to 3.2 million US dollars, and the operation can be optimistically extended to February 2026. In addition, the ecological fund holds 22.3 million MAGIC (worth 2.3 million US dollars), but if the price of MAGIC plummets, DAO may be unsustainable between December this year and February next year.
Ethereum surpasses Solana in DEX volume for the first time in six months
According to Solid Intel data, Ethereum surpassed Solana in DEX spot trading volume in March, returning to the top position for the first time since September 2024.
Analyst Geiger Capital said on the X platform that data from prediction market Kalshi showed that the probability of the US economy falling into recession this year has just exceeded 50%.
Curve Finance's transaction volume in Q1 2025 reached US$35 billion, a record high
According to Cointelegraph, a spokesperson for the decentralized lending protocol and exchange Curve Finance revealed that in the first quarter of 2025, Curve Finance's transaction volume was close to $35 billion, a record high. Curve said that the transaction volume increased by more than 13% from the first quarter of 2024, mainly due to a significant increase in the number of transactions, from about 1.8 million in the first quarter of 2024 to about 5.5 million in the first quarter of 2025. The strong growth in transaction volume in the first quarter was achieved against the backdrop of an overall decline in the cryptocurrency market. According to Coingecko data, as of March 31, the total market value of cryptocurrencies has fallen by more than 20% this year.
According to Cointelegraph, the Big Four accounting firm Ernst & Young (EY) announced that it will upgrade its enterprise-level Layer2 blockchain Nightfall to a zero-knowledge proof (ZK-Rollup) architecture. The new version "Nightfall_4" was released on April 2, with major improvements including: achieving near-instant transaction confirmation, simplifying the network architecture, and improving ease of use. Paul Brody, EY's global blockchain leader, said that with the lifting of US sanctions on the mixer Tornado Cash, corporate customers' acceptance of privacy technology has significantly increased. Nightfall adopts a permissioned design, requiring users to complete identity verification, and avoiding anonymous abuse from a mechanism perspective. EY is currently developing a supporting tool Starlight to convert smart contract code to a version that supports zero-knowledge proofs. The team plans to complete the deployment of Nightfall_4 first, and then start developing the fifth-generation version.
Coinbase Adds Reserve Rights (RSR) to Asset Listing Roadmap
According to official news, Coinbase announced that Reserve Rights (RSR) will be added to the asset listing roadmap. Coinbase emphasized that the listing and trading of these assets depends on the support of market makers and sufficient technical infrastructure. Once these conditions are met, the listing and trading will be announced separately.
Coinbase has launched Definitive (EDGE)
Coinbase Assets announced on the X platform that Coinbase has added support for Definitive (EDGE) on the Base network. It is now live on Coinbase.com and the Coinbase iOS and Android apps with an experimental label. Coinbase customers can log in to buy, sell, exchange, send, receive or store these assets.
According to Jinshi, U.S. Treasury Secretary Bessant said on Wednesday night local time that the stock market sell-off was more due to the sharp correction of large technology stocks than the protectionist policies of the Trump administration. Bessant said in a TV interview: "I am trying to be a Treasury Secretary, not a market commentator. I would like to point out that the Nasdaq index in particular peaked on DeepSeek Day, so this is a Mag7 (U.S. Stock Giants) problem, not a MAGA problem."
Arthur Hayes, co-founder of BitMEX, wrote on the X platform: "The market reacted negatively to 'Liberation Day' - if Bitcoin can hold the key level of $76,500 before the US tax day on April 15, the risk is expected to be lifted. Beware of violent fluctuations!"
Standard Chartered Bank predicts that Avalanche's native token AVAX may soar to $250 in 2029
According to The Block, Standard Chartered Bank has begun to conduct coverage research on the Layer 1 blockchain Avalanche and said that it expects the network's native token AVAX to rise more than 10 times from the current level of about $20 to $250 by the end of 2029. Geoffrey Kendrick, the bank's global head of digital asset research, said in the latest report: "One positive aspect of the tariff storm is that it gives us an opportunity to readjust and pick the winners of the next round of digital asset price increases. I think Avalanche will be another winner, perhaps a winner in the Ethereum Virtual Machine (EVM) chain." Kendrick specifically pointed out the advantages of Avalanche's expansion plan, especially the Etna upgrade (codenamed Avalanche9000) completed in December 2024. The upgrade enables developers to create subnets or Layer 1 blockchains on Avalanche at almost zero cost-originally required to pledge AVAX tokens worth $450,000, but now the technical threshold and capital requirements have been greatly reduced. Data shows that after the upgrade, Etna-compatible subnets have accounted for 25% of the total active subnets, and the number of developers has surged by 40%. Based on Etna's growth momentum after the upgrade, Standard Chartered Bank gave a phased target price: $55 by the end of 2025, $100 in 2026, $150 in 2027 (breaking the historical peak), $200 in 2028, and $250 in 2029. Kendrick emphasized: "AVAX's relative growth in the next few years may surpass Bitcoin and Ethereum, but it should be noted that its three-month historical volatility is close to 100%, which is twice that of Bitcoin."
CoinList announces return to US market and hosts token sale for DoubleZero
According to The Block, token issuance platform CoinList announced that it will return to the U.S. market for the first time since 2019 and hold a token sale for the DoubleZero Foundation, the team behind the DoubleZero protocol. The token, called 2Z, will be open to qualified U.S. investors - marking the first time in five years that CoinList has allowed U.S. investors to participate in its token sales. CoinList President Scott Keto revealed that the last token sale for U.S. investors was the Kadena project in 2019.
According to CoinDesk, the UK subsidiary of Galaxy Digital, a digital asset financial services company, announced that its application for a derivatives trading license from the UK Financial Conduct Authority (FCA) has been officially approved. Galaxy Digital's investment banking business will use the FCA authorization it has obtained to conduct capital raising and investment banking services in the UK. The UK subsidiary will also provide fund distribution support for its asset management business. Galaxy Digital UK is currently included in both of the FCA's regulatory lists: as an authorized institution that can provide EU Financial Instruments Markets Directive (MiFID) investment services, Galaxy also joined the FCA's cryptocurrency list in 2021.
DTCC Launches Tokenized Collateral Management Platform “AppChain”
According to The Block, the Depository Trust & Clearing Corporation (DTCC) announced on Wednesday the launch of a real-time tokenized collateral management platform. This innovative platform, called "AppChain", will be demonstrated at the DTCC "Major Collateral Experiment" event on April 23. The platform aims to improve the efficiency and liquidity of global collateral circulation, optimize capital utilization, and "build an open digital liquidity ecosystem for market participants to deploy digital applications." The technical architecture shows that AppChain is developed based on the Besu platform of LF Decentralized Trust under the Linux Foundation. DTCC pointed out that the increasingly complex market environment and cost pressures have made the demand for efficient and high-quality collateral solutions more urgent. Through the tokenization of collateral, the platform is committed to breaking down the barriers of the traditional "isolated" system and significantly improving the speed of cross-system collateral circulation.
HBAR Foundation and OnlyFans founder have teamed up to submit a bid to acquire TikTok
According to Reuters, the HBAR Foundation has teamed up with Tim Stokely, founder of the internet subscription site OnlyFans, to try to acquire the social media app TikTok. Stokely and the HBAR Foundation submitted an acquisition proposal to the White House last week through Zoop, a new family-friendly crowdfunding company founded by Stokely. "Our acquisition of TikTok is not just about changing ownership, but about creating a new model where creators and their communities can directly benefit from the value they create," said Zoop co-founder RJ Phillips. Phillips said the partners have been working with a group of investors. He declined to disclose the details of the acquisition or information about the investors supporting the acquisition. As previously reported by The New York Times, Amazon also made a last-minute offer to acquire TikTok on Wednesday.
Binance: FDUSD audit report confirms 1:1 full reserve support
In its latest announcement, Binance said that we have noticed the community's discussion about FDUSD and now provide the community with its latest monthly audit to help users have a clearer and more comprehensive understanding of the current status of FDUSD reserves. As part of the ongoing monitoring of stablecoin reserves, Binance reviews and verifies FDUSD's reserve data every month. We have completed the verification when its latest February audit report was released, and reviewed the relevant data again a few hours ago to confirm its accuracy. FDUSD's February audit report was commissioned by its issuer FD121 Limited and issued by independent third-party auditor Prescient Assurance. As of the report recording time, March 1, 2025 at 9:00 am (Eastern Time), FDUSD's total reserves are US$2,051,348,188.70, all held in the form of US Treasury bonds and overnight time deposits. The reserve size is higher than the total FDUSD circulation at the time of the audit, ensuring that holders can redeem US dollars at a 1:1 ratio. FDUSD’s March audit report is expected to be released in the next two weeks, and Binance will continue to conduct in-depth review and verification of its reserves.
Musk: News of resigning from government efficiency department is 'fake news'
According to Jinshi, Musk said that the news that he would resign from the Department of U.S. Government Efficiency (DOGE) was "fake news."
According to Cailian Press, on Wednesday (April 2) Eastern Time, US President Trump signed two executive orders on the so-called "reciprocal tariffs" at the White House, announcing that the United States would set a 10% "minimum base tariff" for all trading partners and impose higher tariffs on multiple trading partners. Trump said that the United States will impose reciprocal tariffs on dozens of trading partners, but the tariffs will not be completely reciprocal. The United States will charge these countries and regions about half of the combined tax rate. Trump showed a poster with a list of reciprocal tariffs. The chart shows that the United States imposes a 34% reciprocal tariff on China, a 20% reciprocal tariff on the European Union, a 10% reciprocal tariff on Brazil and the United Kingdom, a 31% reciprocal tariff on Switzerland, a 26% reciprocal tariff on India, a 25% reciprocal tariff on South Korea, a 24% reciprocal tariff on Japan, a 32% reciprocal tariff on Indonesia, a 36% reciprocal tariff on Thailand, a 46% reciprocal tariff on Vietnam, and a 49% reciprocal tariff on Cambodia. Senior White House officials said that the base tariff rate (10%) will take effect at dawn on April 5, and the reciprocal tariff will take effect at dawn on April 9. The tariff exemption for goods under the USMCA will continue, and the tariff for goods that do not comply with the USMCA will remain at 25%. Previously, several trading partners have said they will take countermeasures in response. European Commission President Ursula von der Leyen said that in the face of the new tariffs that the Trump administration is about to introduce, the EU "holds a lot of cards" and has formulated a strong counter-plan that will be implemented when necessary. Canadian Prime Minister Carney said that if Trump fulfills his promise of "reciprocal tariffs", Canada plans to impose counter-tariffs on US goods this week. Carney warned that Canada's relationship with the United States has changed fundamentally, and Canada has "a number of measures to deal with it."
First Digital Trust: Sun Yuchen made false statements and is fully solvent
First Digital Trust (FDT), the issuer of FDUSD, officially posted on social media that Justin Sun’s recent accusations against First Digital Trust are completely false. This dispute only involves TUSD and has nothing to do with FDUSD. First Digital is fully solvent. Officials said that every dollar of FDUSD’s reserves is fully backed by U.S. Treasury bonds, which is safe, reliable and fully traceable. The ISIN numbers of all reserve bonds have been clearly listed in the published certification report. This is nothing more than Justin Sun’s typical smear campaign against a business competitor. Before the TUSD dispute entered the judicial process, Justin Sun took the lead in launching a coordinated attack on social media in an attempt to attack his business competitor FDUSD. First Digital will take legal action to protect its rights and reputation.
Fidelity launches fee-free crypto retirement account, supports BTC, ETH, LTC investment
According to CoinDesk, Fidelity has officially launched a fee-free crypto IRA retirement account. Through this plan, users over the age of 18 in the United States can invest in Bitcoin, Ethereum and Litecoin, and the assets are managed by Fidelity and stored in cold wallets. The product supports Roth, traditional and rolling IRAs, meeting customers' strong demand for tax-advantaged crypto investment channels.
FDUSD price on Binance fell by more than 3%, and depegging occurred
After Justin Sun publicly stated that First Digital Trust was insolvent, the stablecoin FDUSD guaranteed by it became unpegged on the Binance exchange, and its price fell by more than 3% at one point, falling below $1.
PayPal US Users Can Now Trade Solana and Chainlink
PayPal has opened support for Solana (SOL) and Chainlink (LINK) to users in the United States and its territories, allowing users to buy, sell, hold, and transfer funds.
U.S. Democratic lawmakers ask SEC to preserve records of correspondence with World Liberty Financial
Democratic lawmakers in the United States have asked the Securities and Exchange Commission (SEC) to preserve records of correspondence between Trump and his family’s crypto business World Liberty Financial, as they are concerned about Trump’s influence on regulators due to his family’s cryptocurrency business.
VanEck Launches ETN Product Tracking Celestia (TIA) Tokens in Europe
According to The Block, asset management company VanEck launched an exchange-traded note (ETN) tracking Celestia's native token TIA on the Amsterdam and Paris stock exchanges, providing investors with a way to access the Celestia ecosystem without holding coins. The chain focuses on data availability and consensus separation and is regarded as a representative project of modular blockchain.
CoinDesk: Justin Sun fills $456 million funding gap for TUSD
According to CoinDesk, Tron founder Justin Sun provided emergency liquidity support to maintain TUSD's repayment ability after $456 million of TUSD reserve funds were illegally diverted to the Dubai entity Aria Commodities DMCC. Documents show that the funds were originally supposed to be managed by First Digital Trust, but were later accused of unauthorized transfer to resource projects with extremely low liquidity (mining, ports and renewable energy in emerging markets, etc.). TUSD's parent company Techteryx called it a victim of "massive fraud" and has filed a lawsuit in the Hong Kong court. In order to stabilize the market, the team also isolated 400 million TUSD to ensure that user redemptions are not affected. Currently, the price of TUSD is about $0.998, close to its anchor value of $1.
Binance will launch ATH USDT perpetual contract
According to Binance’s announcement, the platform will launch ATH USDT perpetual contracts at 23:45 Beijing time on April 2, 2025, with a maximum leverage of 50 times. ATH has previously been open for spot trading on the Binance Alpha market.
Grayscale launches two Bitcoin options ETFs, BTCC and BPI, focusing on income strategies
According to Grayscale's announcement, Grayscale officially launched two Bitcoin-related ETF products today: Grayscale Bitcoin Covered Call ETF (BTCC) and Grayscale Bitcoin Premium Income ETF (BPI). BTCC focuses on selling call options at "near price" to obtain high-frequency returns, giving priority to cash flow protection; BPI uses a "far price" option strategy to balance the upside potential and dividend income, suitable for investors seeking a balance between growth and income. Both funds are actively managed and plan to pay dividends monthly.
Grayscale Bitcoin Trust address transferred 658 BTC, about 56 million US dollars
On-chain data shows that Grayscale's Bitcoin Trust address (1DPZZ) transferred a total of 658.77 bitcoins to two addresses at 21:08 Beijing time, which is approximately US$56 million at the current price.
According to Binance's announcement, the platform has launched the second round of "Vote for Listing" activities. Users can participate in the voting on Binance Square, and the winning projects will be listed for spot trading after review. There are 12 candidate projects in this round, covering multiple tracks such as AI, DeFi, infrastructure, RWA, etc., including VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME.
CME crypto derivatives daily trading volume hits record high of $11.3 billion in Q1
According to CoinDesk, the Chicago Mercantile Exchange Group (CME) had an average daily trading volume of 198,000 cryptocurrency derivatives contracts in the first quarter of 2025, with a notional value of $11.3 billion, a record high. The trading volume of micro Ethereum futures reached 76,000 contracts, and the micro Bitcoin futures increased by 113% year-on-year, with an average daily trading volume of 77,000 contracts. Micro contracts have a low threshold and are easy to manage risks, which has driven a surge in overall trading activity.
U.S. ADP employment in March was 155,000, expected to be 115,000
The number of ADP jobs in the United States in March was 155,000, in line with expectations of 115,000 and the previous value of 77,000.
The Royal Government of Bhutan transferred 377.78 Bitcoins to a new address
According to PeckShieldAlert, the Royal Government of Bhutan transferred 377.78 bitcoins (approximately US$32 million) to the new address bc1qn6…mdqz.
BlockFi urges creditors to claim bankruptcy payouts as soon as possible, with May 15 as the deadline
According to CoinDesk, the bankrupt crypto lending platform BlockFi issued an announcement stating that customers must complete asset claims before May 15, otherwise the unclaimed assets will be distributed to other unsecured creditors in accordance with bankruptcy law. Currently, 97% of US users have claimed compensation, but only 43% of non-US users have claimed compensation. The company reminds customers to verify the authenticity of the email and complete the KYC verification process to speed up the payment of compensation.
Binance Alpha has launched ZETA and SAFE
The Binance APP page shows that Binance Alpha has added ZETA and SAFE. The brief introduction of each project is as follows:
According to Cointelegraph, South Korea's 7-Eleven convenience stores will participate in the central bank digital currency (CBDC) payment test from April 1 to June 30, during which CBDC payments can enjoy a 10% discount on all categories. The national pilot program is led by the Bank of Korea and financial regulators, with a limit of 100,000 participants, covering multiple banks and retail channels. Users can convert bank deposits into equivalent CBDC for consumption. The project aims to promote the construction of a prototype of the future monetary system.
According to Business Insider, Musk's AI company xAI is building a supercomputing center "Colossus" in Memphis, Tennessee. It has invested about $406 million so far and plans to expand to deploy 1 million GPUs in the future. However, due to limited grid capacity, only 150 megawatts of electricity was approved, far below demand. xAI has enabled natural gas power generation to supplement 250 megawatts and is seeking new land for capacity expansion. The project may eventually cost more than $27 billion, marking Memphis as a global AI computing power center.
According to Nick Cannon, citing information from the S-1 filing submitted by Circle, Circle paid Binance a one-time fee of $60 million, and as a condition, Binance must hold a minimum of $1.5 billion in USDC. In addition, the document also disclosed that Circle shared the USDC profit spread with Coinbase, signed a priority MOU with BlackRock, acquired Hashnote for $99.8 million, suffered a net loss of $761 million in 2022, and was accruing $14.2 million in expenses due to a legal dispute with FT Partners. The S-1 document shows that in November 2024, Circle and Binance reached an agreement, and Binance became the first approved participant under the stablecoin ecosystem agreement. Circle paid Binance a one-time fee of $60.25 million and paid an annualized mid- to high-double-digit percentage of incentive fees based on the USDC balance on its platform and vault. The premise is that Binance vault holds no less than $1.5 billion in USDC, and usually needs to maintain $3 billion. The cooperation period is two years. If terminated early, there will be a one-year transition period to continue to perform some obligations.
Franklin Templeton to launch Bitcoin and crypto ETP in Europe
Franklin Templeton, which manages $1.5 trillion in assets, is considering launching a Bitcoin and cryptocurrency exchange-traded product (ETP) in Europe, according to Bitcoin Magazine.
