Binance announced that it will launch the 68th Launchpool project, Initia (INIT), at 11:00 (UTC) on April 24, 2025. Users can lock BNB, FDUSD and USDC to obtain the INIT airdrop from 00:00 (UTC) on April 18, 2025, and the event will last for 6 days. Binance will provide INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD and INIT/TRY trading pairs. The total supply of INIT is 1 billion, of which 3% (30 million) are used for Launchpool rewards. In addition, an additional 10 million INITs will be allocated in batches for other marketing activities after spot listing, and another 20 million will be allocated 6 months after listing. The initial circulating supply is 148,750,000 INITs.

BNB Chain announced 13 winning projects in the BNB AI Hack Program in the first quarter of 2025, including BINK AI, Botzilla, Tutorial Agent, Tokrio, Polycruz, WORLD3 Protocol, Sentism AI, iDos Games, Boomie, VitaminAI, Stitch AI, Tearline, and Kudo. The winning teams received $50,000 in start-up funds, BNB Chain support, and marketing resources. As 2025 progresses, more projects will be supported and announced. Among them, Tutorial Agent has been listed on more than 30 centralized exchanges such as Binance, Bitget, KuCoin, and Gate.io.

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.