Musk: Not quitting DOGE, just reducing time allocation
Musk tweeted that he was not quitting DOGE, but because DOGE (Government Efficiency Department) had been established, he had reduced his time allocation. Earlier news said that Musk expected to spend much less time on the Government Efficiency Department in May and devote more time to Tesla.
Trump: No intention to fire Powell, but Fed should lower rates
According to Cailian News, US President Trump said that the Federal Reserve should lower interest rates and he has no intention of firing Federal Reserve Chairman Powell. In addition, Trump also expressed the hope that Federal Reserve Chairman Powell would take more aggressive action on the issue of interest rates.
According to Sina News, US President Trump made a public speech on Tuesday (April 22) local time, admitting that the current US tariffs on Chinese exports are too high and that the tax rate is expected to be significantly reduced. This marks that Trump has softened his attitude on his signature tariff policy. On Tuesday, US Treasury Secretary Benson also said at a JPMorgan Chase event that the tariff war between China and the United States will soon cool down.
According to on-chain analyst Yu Jin, a whale who went long on ETH through revolving loans borrowed 34.75 million USDT from Aave 2 hours ago and purchased 19,972.8 ETH at an average price of $1,740. Last month, the address sold 30,894 ETH at $1,790 to stop losses due to the decline of ETH, resulting in a loss of about $40 million. The current liquidation price of 50,000 ETH after the new leverage is $1,586.8.
The three major U.S. stock indexes closed sharply higher, all up more than 2%.
According to Cailian News, U.S. stocks closed sharply higher on Tuesday, with the Dow Jones Industrial Average up 2.66%, the Nasdaq up 2.71%, and the S&P 500 up 2.51%. European stock markets closed higher across the board, with Germany's DAX30 index up 0.41%. International crude oil rose nearly 2%, while spot gold fell about 1%, and once stood above $3,500 per ounce during the session.
BTC breaks through $93,000, up 2.50% on the day
According to the OKX market data, BTC has just broken through $93,000 and is currently trading at $93,197.10 per coin, with a daily increase of 2.50%.
Cantor to form $3 billion crypto venture with SoftBank and Tether to invest in Bitcoin
According to FT, three people familiar with the matter revealed that Cantor Fitzgerald, led by Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is working with SoftBank, Tether and Bitfinex to build a multi-billion dollar Bitcoin acquisition platform. The platform raised $200 million in January and will use the funds to create a new company called 21 Capital, which will obtain $3 billion worth of Bitcoin from other investors and companies. Tether will contribute $1.5 billion in Bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million respectively.
According to Watcher.Guru, the new US SEC Chairman Paul Atkins said that his first priority is to "provide a solid regulatory foundation for digital assets."
Chiliz meets with SEC cryptocurrency working group to discuss plans to re-enter US market
According to Cointelegraph, Chiliz, a subsidiary of SportsFi, has met with the US SEC to discuss investing and re-entering the US cryptocurrency market under the leadership of the crypto-friendly White House, as well as increasing the push for transparency in digital asset regulation. Chiliz "strategically exited" the US market in 2022 due to regulatory uncertainty and the collapse of FTX. According to a meeting request published by the US Securities and Exchange Commission (SEC), Chiliz plans to return to the US market during the 2026 FIFA World Cup. The return will be accompanied by an investment of $50 million to $100 million in the domestic US market. It is said that teams in the National Basketball Association (NBA) and the National Football League (NFL) are interested in issuing fan tokens if regulation is more transparent.
Michael Saylor: New US SEC Chairman Positive About Bitcoin
According to Watcher.Guru, Michael Saylor said: "Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, will have a positive attitude towards Bitcoin." Earlier news, Paul Atkins was sworn in to replace Gary Gensler as Chairman of the U.S. SEC.
Coinbase will launch tokenbot (CLANKER) on the Base network
According to the official announcement, Coinbase will launch the tokenbot (CLANKER) on the Base network. Please do not send this asset through other networks, otherwise funds may be lost. Transfers of this asset are open in regions where Coinbase and Coinbase Exchange support trading. If liquidity conditions are met, the CLANKER-USD trading pair will be launched in phases on or after 0:00 on April 24, and support may be limited in some regions.
US listed company DeFi Dev Corp (formerly Janover) increased its holdings of SOL worth $11.5 million
According to Globenewswire, the US listed company DeFi Development Corporation (formerly Janover Inc.) announced that it has increased its holdings of 88,164 Solana (SOL), worth approximately $11.5 million. After this purchase, the company's total Solana holdings increased to 251,842, worth approximately $34.4 million (including staking rewards). It is reported that Janover is an artificial intelligence platform that connects the commercial real estate industry and announced today that it will be renamed DeFi Development Corporation.
A whale withdrew another 1,000 BTC from Binance and currently holds 19,112 BTC
According to Lookonchain monitoring, a whale has withdrawn another 1,000 BTC (worth $91.13 million) from Binance and currently holds 19,112 BTC (worth $1.73 billion).
A whale borrowed 4,000 ETH from Aave and sold them in batches, worth $6.867 million
According to the monitoring of on-chain analyst @ai_9684xtpa, the "giant whale that has made a profit of $1.411 million on ETH since April 13" has borrowed coins to short ETH again. In the past half hour, the address borrowed 4,000 ETH from Aave and sold them in batches at an average price of $1,717, worth $6.867 million.
ZKsync developer Matter Labs sued by BANKEX for alleged intellectual property theft
According to CoinDesk, the defunct digital asset banking platform BANKEX and its foundation filed a complaint with the New York State Supreme Court on March 19, alleging that former employees Alexandr Vlasov and Petr Korolev stole the company's technology to create Matter Labs. The complaint alleges that Ethereum co-founder Vitalik Buterin contacted BANKEX in 2017 and commissioned it to develop operating software for the "Plasma" technology, which was then seen as a solution to reduce the cost of using Ethereum. Vlasov and Korolev, as BANKEX employees, were assigned by CEO Igor Khmel to lead the project. However, the two were accused of secretly establishing a competing company, Matter Labs, "with the intention of profiting from the company's appropriation of BANKEX's blockchain technology and competing directly with BANKEX." The complaint further claims that the two used BANKEX resources and funds to secretly transfer technology to Matter Labs and developed and stored an operating code base. According to LinkedIn information, Vlasov is currently the head of research and development at Matter Labs, and Korolev is the founder of blockchain security company OXORIO. Also sued are Matter Labs co-founder Alex Gluchowski, crypto-native investment fund Dragonfly, and Placeholder Capital partner and former Matter Labs co-director Chris Burniske, alleging they participated in or knew about the theft. A Matter Labs spokesperson said the allegation was "baseless" and that ZKsync was original technology and had nothing to do with any code developed by BANKEX.
A whale sold 15,000 ETH on the chain in exchange for 24.905 million USDT
According to on-chain analyst Ember’s monitoring, after ETH rose, a whale sold 15,000 ETH on the chain in exchange for 24.905 million USDT in the past 15 minutes, with an average selling price of US$1,660.
Cryptocurrency stocks surge; Coinbase shares rise 7%
According to Jinshi.com, all three major U.S. stock indexes rose by more than 2%. Cryptocurrency stocks rose sharply, with Coinbase (COIN.O) up 7%, Hut 8 up 8%, and Canaan Inc. (CAN.O) up 6%.
A whale bought 4 million worth of Fartcoin tokens and 3.5 million dollars worth of TRUMP tokens
According to LeadTradingPro monitoring, a whale just spent $4 million to buy 3.7 million Fartcoins at an average price of $1.08, and spent $3.5 million to buy 392,000 TRUMPs at an average price of $9.
According to *Walter Bloomberg, Geoff Kendrick of Standard Chartered Bank pointed out in a report that Bitcoin could rise to a record high if market concerns about the independence of the Federal Reserve persist. He said that because Bitcoin uses decentralized ledger technology, this cryptocurrency is a hedge against the risks of the existing financial system. Currently, the risk to U.S. Treasuries is emerging after U.S. President Trump hinted that he might replace Federal Reserve Chairman Jerome Powell because he hopes to cut interest rates. Kendrick said that the yield premium required by investors to buy long-term Treasury bonds relative to short-term Treasury bonds has risen sharply, and Bitcoin has benefited from it. According to data from the London Stock Exchange Group (LSEG), Bitcoin rose to a six-week high of $90,459. Standard Chartered Bank expects Bitcoin to rise to $200,000 by the end of 2025.
Interoperability project Analog completes $15 million in new round of financing
According to CoinDesk, Analog, a blockchain project that unifies liquidity across multiple networks, announced that it has raised $15 million through token sales, and digital asset financing company Bolts Capital has completed the token purchase, bringing Analog's total support to $36 million. Analog plans to use the funds to develop interoperability tools such as the Omnichain Analog Token Standard (OATS), which supports the transfer of fungible and non-fungible assets across blockchains. Also in the works is Firestarter, a real-world asset (RWA) market for tokenizing real estate, collectibles, and income-generating items.
According to Jinshi, Bernstein believes that despite the short-term volatility, the outlook for digital assets remains optimistic, and points to five structural catalysts that support Bitcoin's resilience and future upside potential. "The macro environment is good for gold, and therefore also good for digital gold (Bitcoin)," analyst Gautam Chhugani said in the report. He emphasized that Bitcoin has a higher beta value and "upside" relative to gold. In addition, the Trump administration's regulatory attitude towards cryptocurrencies has become more supportive, especially against the backdrop of the increasing convergence of the digital asset industry and political interests. The following are the five key catalysts listed by Bernstein: ① Continued buying of Bitcoin, more resilient capital base: strong institutional demand, limited outflows of Bitcoin ETF funds, easing selling pressure in April, and nearly 80 companies have included Bitcoin, such as MicroStrategy's continued buying. ② New purchase plan for the Strategic Bitcoin Reserve (SBR): It is expected that the US government may expand its Bitcoin holdings and is considering raising funds through the revaluation of gold certificates or the issuance of Bitcoin-backed bonds. ③ Mainstream banks accept cryptocurrencies: Driven by regulation and institutional interest, cryptocurrencies have returned to the mainstream financial system, and banks are exploring stablecoins for cross-border settlements and expanding to crypto custody and other businesses. ④ Progress in stablecoin regulation: The key regulation this year is the passage of the Stablecoin Act. It is expected that banks and fintech companies will widely adopt stablecoin technology for scenarios such as remittances and B2B payments. ⑤ Promotion by asset management companies and brokers: Global financial institutions invest in crypto infrastructure, and brokers and asset management companies vigorously promote crypto businesses, such as Robinhood and Coinbase leading innovations in tokenized securities and stablecoin settlement.
Three whale addresses withdrew a total of $14.27 million worth of SOL from CEX
According to Onchain Lens, whales are accumulating SOL and staking it. The following three whale addresses have withdrawn a total of $14.27 million worth of SOL from CEX. Wallet 1: A newly created wallet withdrew 44,116 SOL (worth $6.14 million) from Binance and used it for staking. Wallet 2: A whale wallet withdrew 20,001 SOL (worth $2.85 million) from Binance and used it for staking, bringing the total staking to 45,000 SOL (worth $6.4 million). Wallet 3: A newly created wallet withdrew 37,688 SOL (worth $5.28 million) from the exchange.
Bitcoin hits seven-week high, cryptocurrency-related stocks rise
According to Jinshi Data, Bitcoin hit a seven-week high and cryptocurrency-related stocks rose. Coinbase Global rose 3.8%, Bitfarms rose 5.2%. Riot Platforms rose 7.2%, Hut 8 rose 6.9%, and Mara Holdings rose 7.3%. ProShares Bitcoin Strategy ETF rose 2.7%, and Ishares Bitcoin Trust rose 2.8%.
DeFi project R0AR recently had about $780,000 stolen due to a contract backdoor
Web3 security company GoPlus said on the X platform that on April 16, the DeFi project R0AR (@th3r0ar) on Ethereum was stolen about $780,000 due to a contract backdoor. The project released an incident report today (the report shows that the funds have been recovered, but the address and transaction hash have not yet been made public). This is a typical contract backdoor incident. Users are reminded to be careful to prevent the backdoor contract (0xBD2Cd7) and not to interact with the contract. The contract (R0ARStaking) left a backdoor when it was deployed, and the malicious address (0x8149f) had a large amount of $1R0R built in for withdrawal from the beginning. The malicious address first performed a small deposit() and harvest(), and prepared to execute the malicious EmergencyWithdraw(). According to the code logic in the contract (as shown in the figure below), because rewardAmount>r0arTokenBalance (contract balance), rewardAmount is assigned to the token balance in the contract, and then all tokens in the contract are transferred to the malicious address (0x8149f). Similarly, all lpTokens in the LP Token contract are also transferred to the malicious address. Finally, userInfo.amount is set to 0. The userInfo in the contract is a Mapping structure, and its address is a dynamic address calculated by the Hash of the key (uid and msg.sender) of userInfo. It can be inferred that the backdoor was calculated using the malicious address before the contract was deployed.
Arch Labs Completes $13 Million Series A Funding, Led by Pantera Capital
According to Chainwire, Bitcoin infrastructure company Arch Labs has completed a $13 million Series A financing round with a valuation of $200 million. This round of financing was led by Pantera Capital, with other strategic investors also participating. The funds will accelerate the development and release of ArchVM, which can achieve fast, secure and fully verifiable smart contract functions on Bitcoin. According to reports, Arch Labs is a software development company and a core contributor to Arch Network. Arch Network is a bridgeless execution platform that can achieve smart contract-like functions on Bitcoin. Previously, Arch Labs raised $7 million, led by Multicoin Capital.
According to CoinDesk, people familiar with the matter revealed that Dutch bank ING is developing a stablecoin, hoping to take advantage of the new European cryptocurrency regulations that came into effect last year. ING's stablecoin project may take the form of an alliance involving other banks and crypto service providers. A source said: "ING is working with several other banks to develop a stablecoin project. Because multiple banks need board approval to form a joint venture entity, the project is progressing slowly."
According to CoinDesk, DAO infrastructure provider Tally has completed an $8 million Series A financing round, aiming to expand its governance technology to more crypto-native decentralized autonomous organizations (DAOs). This round of financing was led by AppWorks and Blockchain Capital, with participation from companies such as BitGo. According to reports, Tally's most famous product is the Tally protocol, which provides support for infrastructure to help leading protocols conduct effective on-chain governance of their DAOs, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, and Hyperlane. The platform was originally a DAO governance tool and has now grown into the most widely adopted software stack for on-chain organizations on the Ethereum and Solana blockchains. Tally had previously raised $7.5 million in two rounds of financing in 2021.
Trump's son's bitcoin mining company American Bitcoin's partner was investigated by regulators
According to Bloomberg, Trump's son co-founded a new company, American Bitcoin, with other investors and merged it with the publicly traded mining company Hut 8 Corp., led by CEO Asher Genoot and Chief Strategy Officer Michael Ho. The two executives joined the current team in 2023 through Hut 8's acquisition of US Bitcoin, which they founded. It is worth noting that early US Bitcoin investors Mark Groussman and John Stetson settled with the US SEC on securities fraud charges in 2018, with the case involving more than $27 million. When asked about the relationship between current CEO Genoot and Ho and investors suspected of driving up stock prices, a Hut 8 spokesperson said: "These people got involved in the digital currency field many years ago, and they are just a small part of the many investors who invested in the companies founded by Genoot and Ho. The investors involved in the SEC case have never held leadership positions or management rights in these companies." Earlier news, American Bitcoin, a crypto mining company supported by the Trump family, plans to go public and seek more private equity financing.
According to Globenewswire, Trump Media Technology Group (DJT.O) has signed a binding agreement with cryptocurrency trading platform Crypto.com and asset management company Yorkville America Digital to launch a series of ETFs through the Truth.Fi brand. The agreement follows a non-binding agreement signed by the companies in March this year. Law firm Davis Polk & Wardwell LLP will provide consulting services to all parties in product development and launch. These ETFs will be offered through Crypto.com's broker-dealer Foris Capital US LLC and are expected to include digital assets and securities with "Made in the USA" features covering diversified industries such as energy. After obtaining regulatory approval, these funds are expected to be launched later this year and will be widely available in international markets including the United States, Europe and Asia, covering existing platforms and brokers. These ETF plans will be launched together with a series of Truth.Fi separately managed accounts (SMAs). TMTG plans to invest in these ETFs and SMAs from its own cash reserves as part of TMTG’s Financial Services and Fintech strategy, which will use up to $250 million of capital to be managed by Charles Schwab.
Binance will launch HYPER 1-75x U-margin perpetual contracts
According to the official announcement, Binance will launch HYPER 1-75x U-margin perpetual contract at 21:00 (ET) on April 22, 2025. In addition, Binance Finance, One-click Coin Buying, Flash Exchange Trading Platform, and Leverage will launch Hyperlane (HYPER).
Hyperlane: HYPER is now available for redemption and will end on May 22
The Hyperlane Foundation announced on the X platform that HYPER is now available for redemption. Users must redeem before 21:00 on May 22, Beijing time.
Immutable President Robbie Ferguson posted on the X platform that tomorrow he will announce the results of a multi-billion dollar collaboration that has been in preparation for more than two years.
Coinbase confirms it is considering applying for a US federal banking license
According to Cointelegraph, Coinbase confirmed that it is considering applying for a U.S. federal banking license. A Coinbase spokesperson said the company is actively considering this option, but has not made any formal decision. Earlier, the Wall Street Journal reported that many crypto companies such as Circle and BitGo plan to apply for banking licenses, and Coinbase Global and stablecoin company Paxos are also considering similar initiatives.
According to on-chain analyst @ai_9684xtpa, Hyperlane has only minted 44 million tokens on the BSC network for Binance activities, and the remaining tokens will be circulated on the Ethereum mainnet (the mainnet has minted 758 million tokens), and the total of both sides is 802 million. Therefore, the current BSC network market value of $10.16 million cannot be used as a reference for the actual circulating market value.
Binance Alpha will list DOLO and airdrop 260 tokens to qualified users
According to official news, Binance Alpha will list Dolomite (DOLO), and trading is expected to start on April 24, Beijing time, and the specific time is to be determined. Eligible Binance users will receive 260 DOLO airdrops in their Alpha accounts 10 minutes after the start of trading. Eligible users must maintain an average daily asset of no less than US$50 in Binance exchange and wallet from 00:00 on April 15, 2025 to 23:59 on April 21 (UTC), and the cumulative purchase amount of Alpha on Binance exchange must be no less than US$100.
According to Onchain Lens, in the past 20 hours, a whale deposited 8.61 million USDC into HyperLiquid and opened a long position in Bitcoin with a leverage of 20 times. In addition, the whale also spent 4.72 million USDC to buy 54.27 BTC in the spot market at an average price of $87,102.
Hyperlane (HYPER) Added to Binance Alpha
According to official news, Binance Alpha has added Hyperlane (HYPER).
BlackRock and Strategy hold more BTC than Satoshi Nakamoto
According to Protos, BlackRock's flagship spot Bitcoin ETF currently holds 573,187 Bitcoins, while Strategy (formerly MicroStrategy) holds 538,200 Bitcoins. Their combined holdings of 1,111,387 Bitcoins exceed the number rumored to belong to Satoshi Nakamoto. Arkham Intelligence estimates that Satoshi Nakamoto holds about 1,096,000 Bitcoins, and other estimates usually go as high as 1.1 million Bitcoins.
Binance Alpha adds SKYAI, TROLL, and Wizard
According to official news, Binance Alpha has added SKYAI (SKYAI), TROLL (TROLL) and Wizard Gang (Wizard).
Fartcoin’s market value exceeds $1 billion, surpassing Bonk
According to Cointelegraph data, Fartcoin’s market value has surpassed Bonk. Currently, Fartcoin’s token market value is $1.01 billion, while BONK’s token market value is about $986 million.
Polygon NFT sales surpassed Ethereum NFT in the past week, possibly driven by RWA market Courtyard
According to Cointelegraph, CryptoSlam data shows that Polygon NFT sales surpassed Ethereum, with sales of $22.3 million in the past week, ranking first in digital collectibles sales. This accounts for 24% of the total NFT sales of $92.9 million last week. The network also had more than 39,000 NFT buyers that week, an increase of 81% from the previous week. Ethereum sales ranked second, with NFT sales of $19.2 million that week. Mythos Chain followed closely with sales of $14.3 million, while the Bitcoin-based collection series ranked fourth with sales of $14.1 million. CryptoSlam data shows that the increase in Courtyard NFT sales has driven the surge in Polygon NFTs. The series sales reached $20.7 million, surpassing the performance of other popular NFT projects that week. Courtyard is an RWA market for graded physical card collections, including Pokémon cards, basketball cards, and baseball cards that are popular with collectors.
ECB warns: US push for crypto policy could bring risk of financial crisis spread
According to Cointelegraph, the European Central Bank (ECB) has warned of the possible consequences of the United States' radical support for the cryptocurrency industry, saying that the surge in US dollar stablecoins could undermine the stability of the European financial system. According to a policy document obtained by POLITICO, the ECB called for a revision of the Crypto Asset Market Regulation (MiCA) regulatory framework just months after it came into effect. The core of the dispute is that the US reform supported by President Trump could flood the European market with dollar-denominated stablecoins. The ECB is worried that this could trigger European capital to flow to US assets, weaken the EU's financial sovereignty, and expose banks to liquidity risks. The ECB warned that without stricter restrictions, European issuers could face redemption pressure from EU and foreign holders, which could trigger financial "runs" and damage related institutions. Mikko Ohtamaa, co-founder and CEO of Trading Strategy, said that this concern is justified, however, the EU had a first-mover advantage in regulation, but they screwed up; because MiCA's restrictive rules were influenced by lobbying by banks and traditional finance, no EU stablecoin is globally competitive.
BTC/Nasdaq ratio reaches 4.96, close to all-time high
According to CoinDesk, the current BTC/Nasdaq ratio is 4.96, close to its all-time high. The previous record was 5.08 in January 2025, when Bitcoin hit a record high. Historically, the ratio has hit new highs in every market cycle, highlighting Bitcoin's outperformance relative to the Nasdaq. Bitcoin and U.S. technology stocks are increasingly diverging. Year-to-date, Bitcoin is down 6% and the Nasdaq is down 15%. Since Trump was elected in November 2024, Bitcoin has risen 30% and the Nasdaq has fallen 12%. Compared with the "Big Seven" technology stocks, Bitcoin is still about 20% below its high in February this year, but the top technology stocks are still outperforming the Nasdaq Composite Index. As a representative of Bitcoin exposure, MicroStrategy (MSTR) has also outperformed U.S. technology stocks. Since joining the QQQ ETF, MSTR has fallen 11%, while the ETF has fallen more than 16%. The divergence is more obvious in 2025: MSTR is up 6% year-to-date, and QQQ is down 15%.
Astra Fintech Launches $100 Million Fund to Support Solana’s Growth in Asia
According to Cointelegraph, Astra Fintech, a global blockchain payment provider, announced that it has established a $100 million fund to support the development of the Solana ecosystem in Asia. Through the fund, Astra Fintech plans to invest funds to accelerate the development of related projects and establish partnerships with developers, companies and regulators. The fund's operating base will be based in South Korea. The fund will focus on projects and developers engaged in PayFi solutions, a series of systems that use blockchain technology to facilitate payments.
