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.

Panama City Mayor Mayer Mizrachi Matalon posted on the X platform on Wednesday that the Panama City government has approved the use of cryptocurrencies to pay taxes, fees, tickets and licenses. Local media confirmed that the city will accept Bitcoin, Ethereum, USDC and USDT. Mizrachi said that the Panamanian capital implemented this policy by working with a partner bank to convert cryptocurrencies into US dollars when making payments, without the need for new laws.

According to people familiar with the matter, Michael Novogratz's Galaxy Ventures Fund I LP has exceeded its fundraising target of $150 million and will build a portfolio of about 30 investments. The fund focuses on investing in early-stage startups, especially in the payment and stablecoin fields, and is expected to complete fundraising by the end of June with a fundraising amount of between $175 million and $180 million. The limited partners of this new fund are mainly family offices and high-net-worth individuals. Galaxy itself has also invested in the fund.

Federal Reserve Chairman Jerome Powell said that in the future, banks' rules related to cryptocurrencies may be "relaxed." In an interview at the Economic Club of Chicago on Wednesday, Powell pointed out that there has been "a wave of failures and fraud" in the cryptocurrency field over the years, but the atmosphere in the field itself is becoming more mainstream. At the event, Powell also talked about topics such as tariffs, immigration and inflation.

Of this, $138 million was equity financing and $15 million was venture debt. Auradine plans to expand its core mining machine business and establish a new AI infrastructure division, AuraLinks AI.

Support creators to quickly list tokens through the JustSendIt model, and automatically migrate to AMM when the liquidity reaches 85 SOL. The platform transaction fee is 1%, of which 50% goes to the community pool, 25% is used for $RAY repurchase, and 25% is used for project infrastructure and operations.

According to an official announcement, DWF Labs announced the establishment of a new US office in New York to advance its global expansion strategy, and recently purchased $25 million of World Liberty Financial (WLFI) governance tokens through a private placement transaction.

Against the backdrop of Trump's vacillating tariff policy and turbulent global trade situation, the cryptocurrency market is experiencing a significant cooling. How will the various sectors of the cryptocurrency industry develop in this market reshuffle?

In the first quarter of 2025, the total market value of the crypto market fell by 18.6% to $2.8 trillion; Bitcoin's market share rose to 59.1%, but the quarterly decline was still 11.8%. Ethereum plunged 45.3% to $1,805, erasing all gains in 2024. The Meme coin sector retreated due to the LIBRA runaway incident, and Pump.fun's deployment volume dropped sharply by 56.3%. CEX spot trading volume reached $5.4 trillion, a month-on-month decrease of 16.3%; Solana maintained its dominance in DEX trading, accounting for 39.6%. DeFi multi-chain TVL decreased by $48.9 billion, a drop of 27.5%.