Layer1 blockchain Shardeum has announced that it will be conducting a TGE (Token Generation Event) on May 5th, with more details on the airdrop, token sale SHM allocation, and listing to be announced soon.

In the first quarter of 2025, the total market value of cryptocurrencies fell sharply by 18.6%, with a loss of up to $633.5 billion. As token prices fell, investor activity decreased significantly, and daily trading volume fell by 27.3% month-on-month compared to the end of 2024. Among them, the spot trading volume of centralized exchanges fell by 16.3%. Coingecko analysis believes that this is at least partly related to the hacking of the Bybit exchange.

Richard Teng, CEO of Binance, said that the United States, under the leadership of its President Trump, has taken a more friendly attitude towards cryptocurrencies, including plans to establish a digital asset regulatory framework and national reserves, which is stimulating other countries to take similar actions. Binance has approached many countries, hoping to help them develop a regulatory framework for cryptocurrencies. But he declined to disclose the list of countries that the company is working with. Richard Teng said that Binance is currently helping some countries establish national strategic digital asset reserves. Nearly a quarter of Binance's 6,000 employees are engaged in compliance work and will continue to invest heavily in this area.

The decline was accompanied by a drop in investor activity, with average daily trading volume plunging -27.3% quarter-on-quarter to $146 billion.

The decoupling degree of Synthetix ecological stablecoin sUSD has intensified, and it is currently trading at $0.8107, with a 24-hour drop of 5.8%, and its market value has fallen to $25.76 million.

About 5 hours ago, 14,929 BTC (worth $1.26 billion) were unstaked from Babylon.

The spokesperson of the Ministry of Foreign Affairs answered questions from reporters regarding the US claim that China is currently facing tariffs of up to 245%. Q: On April 15, Eastern Time, the White House website of the United States released a fact list on the "232" investigation, saying that due to China's counter-tariffs against the United States, China is currently facing tariffs of up to 245%. What is China's comment on this? A: We have noted the relevant reports. As for how the number 245% came from, you should ask the US. China has previously emphasized that the US's repeated imposition of abnormally high tariffs on China has become a numbers game, which has no practical significance in economics and will only further expose the US's instrumentalization and weaponization of tariffs and its bullying and coercion tactics. There are no winners in tariff wars and trade wars. China does not want to fight, but it is not afraid of fighting. If the US continues to play the tariff numbers game, China will ignore it. If the US insists on continuing to substantially infringe on China's rights and interests, China will resolutely counter and fight to the end.

The second round of voting for coin listing on Binance ended at 7:59 today. The top five vote-getters were FTT (11.1%), ZEC (8.6%), JASMY (8.6%), GPS (8.2%), and PDA (7.6%).

Some market makers are turning token lending into a profit machine and sending small crypto projects into a death spiral. It is reported that a market maker model called the "loan option model" will allow projects to lend tokens to market makers, who will then use these tokens to provide liquidity, stabilize prices, and assist projects in listing on crypto trading platforms. However, behind the scenes, some market makers are using this controversial token loan structure to profit for themselves. These agreements are often packaged as "low risk, high return", but in fact they will severely hit token prices, causing the fledgling crypto teams to fall into chaos and struggle.

The U.S. Securities and Exchange Commission (SEC) has released details of its third cryptocurrency policy roundtable, and the April 25 meeting will focus on custody issues, with two panels - one on broker-dealers and wallet custody, and the other on investment advisors and investment company custody. The broker-dealer panel includes Jason Allegrante of Fireblocks, Rachel Anderika of Anchorage Digital, Terrence Dempsey of Fidelity Investments, Mark Greenberg of crypto exchange Kraken, Veronica McGregor of Exodus, Brandon Russell of Etana Custody, and Tammy Weinrib of Copper.co.