24H Hot Coins and News | IRS DeFi Broker Rules Have Been Abolished; SEC and Ripple Reach Preliminary Settlement Agreement (4.11)

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2 days ago

24H Hot Coins and News | IRS DeFi Broker Rules Have Been Repealed; SEC and Ripple Reach Preliminary Settlement (4.11)

  1. CEX Hot Coins

CEX Trading Volume Top 10 and 24-Hour Price Changes:

  • BTC: - 3.7%

  • ETH: - 7.33%

  • SOL: - 3.95%

  • XRP: - 2.72%

  • BNB: - 0.1%

  • SUI: - 3.51%

  • DOGE: - 1.9%

  • TRX: - 1.55%

  • PEPE: - 2.18%

  • ADA: - 1.19%

24H Price Increase Rankings (Data Source: OKX):

  • PROMPT: + 249.84%

  • AERGO: + 53.47%

  • BABY: + 35.42%

  • SNT: + 24.14%

  • SWFTC: + 19.14%

  • LOOKS: + 18.35%

  • AUCTION: + 15.29%

  • CRV: + 11.01%

  • ME: + 8.82%

  • CVX: + 7.74%

  1. 24H Trending Coins

Wayfinder (PROMPT): A next-generation AI on-chain interaction protocol, launched last night on Coinbase, OKX, and Binance Alpha.

Headlines

US Core CPI Lower Than Expected, Hits Four-Year Low

Odaily Planet Daily reports that the US March unadjusted core CPI year-on-year rate is 2.8%, falling for the second consecutive month, the lowest level since March 2021, and below the market expectation of 3.0%. The US March adjusted core CPI month-on-month rate is 0.1%, the lowest since June 2024, and below the market expectation of 0.3%. (Jin Shi)

IRS DeFi Broker Rules Have Been Officially Repealed

Odaily Planet Daily reports that President Trump has signed a bill officially repealing the IRS (Internal Revenue Service) DeFi crypto broker rules, marking the first cryptocurrency legislation signed into law by a president.
Previously, the 2024 rules classified DeFi platforms as brokers, meaning they had to submit 1099 IRS forms for their users. Trump stated that the rule "hindered innovation in the US" and "violated the privacy of ordinary Americans."

SEC and Ripple Reach Preliminary Settlement Agreement, Both Parties Apply to Suspend Appeal Process

Odaily Planet Daily reports that former US federal prosecutor James K. Filan disclosed that the SEC and Ripple have jointly submitted a motion to the US Second Circuit Court of Appeals, requesting to "suspend" the appeal and cross-appeal process, citing that both parties have reached a "principled settlement agreement," which is currently awaiting SEC commission approval. If approved, they will apply to the district court for a declaratory judgment. The court has canceled the scheduled submission of defense materials on April 16.

Industry News

Trump Suspends Tariff Policy: Closed-Door Decision with Secretary of Commerce and Secretary of the Treasury, Some Senior White House Officials Caught Off Guard

Odaily Planet Daily reports that Trump announced the suspension of tariff policies last night, causing significant market fluctuations. By compiling media information, the timeline of this event is as follows:
At 9:33 AM local time, Trump posted on Truth Social, urging everyone to "stay calm," and added that "now is a good time to buy."
Meanwhile, US Secretary of Commerce Gina Raimondo received a call from EU chief trade negotiator Maros Sefcovic, as the EU approved countermeasures against US steel and aluminum tariffs that day.
By Wednesday noon, Raimondo was sitting in the Oval Office with US Treasury Secretary Janet Yellen, discussing the latest tariff policy with Trump.
At 1:18 PM, Trump announced the decision to suspend tariffs on Truth Social.
It is reported that this sudden shift even caught some high-ranking officials off guard. After Trump posted, his aides immediately began discussing how to proceed, and Yellen and White House Press Secretary Karine Jean-Pierre quickly held a press conference.
After announcing the tariff suspension, Trump told reporters that he had been considering changing course for the past few days, ultimately deciding "probably this morning." (Wall Street Journal)

Silk Road Founder to Make First Public Appearance at Bitcoin Conference in Las Vegas

Odaily Planet Daily reports that Ross Ulbricht, the founder of the dark web Silk Road who was pardoned by Trump, announced that he plans to make his first public appearance at an upcoming Bitcoin event. "This is official news. I am excited to announce that I will make my first public appearance and give a speech at the Bitcoin conference in Las Vegas."
In January of this year, President Trump signed an executive order granting Ulbricht a full and unconditional pardon. Ulbricht and the story of Silk Road are closely tied to the early history of Bitcoin. Ulbricht was sentenced to life in prison without parole for creating and operating "Silk Road," a dark web marketplace that specialized in selling drugs and other illegal products and services. The platform used Bitcoin for transactions and helped popularize cryptocurrency.

VanEck Submits Avalanche ETF Application to SEC

Odaily Planet Daily reports that VanEck has submitted an application for an Avalanche ETF to be listed on Nasdaq. (Solid Intel)

Project News

Coinbase to Launch PROMPT

Odaily Planet Daily reports that Coinbase has announced it will launch Wayfinder (PROMPT) on the Base network.
Note: PROMPT is deployed on the Ethereum mainnet and Base, and Coinbase only supports Base.

Binance's Second Round of Voting for New Coins Has Ended, UXLINK, ATH, BIGTIME Take the Top Three Spots

Odaily Planet Daily reports that Binance's second round of voting for new coins ended today at 7:59. The final voting percentages were UXLINK (26.3%), ATH (17.1%), BIGTIME (15.2%), IP (11.5%), PLUME (9.5%), SAFE (6.9%), GRASS (3.2%), ONDO (2.8%), VIRTUAL (2.7%), WAL (1.7%), ZETA (1.6%), MORPHO (1.6%).

Binance Announces Second Round of "Vote to Delist" Projects: 17 Projects Including FTT, ZEC Listed

Odaily Planet Daily reports that Binance has announced the second round of "vote to delist" candidate projects, including FTT, ZEC, JASMY, STPT, ARK, ARDR, GPS, MBL, PERP, NKN, WING, LTO, FLM, BSW, ALPACA, VOXEL, and PDA.

Binance Launchpool to Launch WalletConnect (WCT)

Odaily Planet Daily reports that according to the official announcement, Binance will launch WalletConnect (WCT) on April 15, 2025, at 11:00 (UTC), and open trading pairs WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD, and WCT/TRY. Launchpool mining will start on April 11, 2025, at 00:00 (UTC), and users can stake BNB, FDUSD, and USDC to participate in mining for WCT rewards.

Binance to Airdrop 490 PROMPT to Users with Trading Records on Alpha Platform

Odaily Planet Daily reports that Binance has announced that all users with trading records on the Alpha platform will receive an airdrop of 490 PROMPT. Eligible users will receive these tokens in their Alpha wallets by April 10, 2025, at 13:10 (UTC).
Eligibility: Limited to users who have traded on the Alpha platform using Binance's spot or funding accounts before April 10, 2025, at 00:00 (UTC).

JupiterDAO: Q1 2025 ASR Rewards Claiming Has Begun

Odaily Planet Daily reports that JupiterDAO has announced on platform X that the ASR rewards for Q1 2025 are now open for claiming. Additionally, the official emphasized that users must remain active in voting to qualify for reward claims.

Babylon Foundation: BABY Token Airdrop Has Been Completed

Odaily Planet Daily reports that the Babylon Foundation has announced the successful completion of the BABY token airdrop. Users will gradually receive BABY in their wallets, with no transfer restrictions. Users can choose to stake BABY to participate in the security validation of Babylon Genesis and earn more BABY rewards. BABY stakers will participate in the governance of the Babylon Bitcoin staking protocol through the on-chain governance system of Babylon Genesis.

OpenSea Sends Letter to SEC Requesting Clarification on NFT Market Regulation Position

Odaily Planet Daily reports that the NFT market OpenSea has sent a letter to the SEC requesting clarification that NFT platforms should not be considered securities exchanges or brokers. The letter was signed by OpenSea's General Counsel Adele Faure and Deputy General Counsel Laura Brookover, emphasizing that classifying OpenSea as an exchange or broker constitutes regulatory overreach. In February of this year, the SEC terminated its investigation into OpenSea. OpenSea pointed out that it does not facilitate trades, provide investment advice, or hold user assets. (Decrypt)

Regulatory Policies

US SEC Releases Guidelines for Securities Issuance and Registration Disclosure in the Crypto Asset Market

Odaily Planet Daily reports that according to the official website of the US Securities and Exchange Commission (SEC), to further clarify the applicability of federal securities laws in the crypto asset market, the SEC's Division of Corporation Finance has issued a statement guiding the registration and disclosure requirements for relevant securities. The statement covers equity and debt securities related to networks, applications, and crypto assets, including crypto assets that are part of investment contracts. The guidance includes key disclosure elements in documents such as Regulation S-K, Form S-1, and Form 10, including business descriptions, risk factors, security characteristics, management information, financial statements, and requirements for displaying smart contract code.

Arizona Passes Bitcoin Mining Rights Bill

Odaily Planet Daily reports that according to Bitcoin Laws, Arizona has officially passed the Bitcoin mining rights bill HB 2342, which protects anyone operating nodes or mining digital assets from partitioning or usage bans.
The bill was passed today in the Senate with a vote of 17 to 12 and has now been sent to the governor's office for signing.

Investment and Financing

DWF Labs Opens Applications for $250 Million Liquid Fund

Odaily Planet Daily reports that DWF Labs has announced that its $250 million Liquid Fund is now open for applications. The fund will provide strategic funding and ecological support for mid- to large-cap token projects, aiming to promote real applications and sustainable development in the crypto industry. DWF Labs stated that the fund will help projects achieve long-term growth and enhance ecological vitality.

Meanwhile, a Cryptocurrency Insurance Company, Completes $40 Million Series A Financing Led by Framework Ventures

Odaily Planet Daily reports that the cryptocurrency insurance company Meanwhile completed a $40 million Series A financing round on Thursday, led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, the founder of cryptocurrency bank Xapo. This round of financing values the company at $190 million, nearly double the valuation from its most recent financing round in 2022. Meanwhile will use the funds raised in this round for global expansion and to ensure its products comply with regulatory requirements.
It is reported that Meanwhile's life insurance policies are similar to traditional life insurance. Policyholders must pay monthly premiums calculated by actuaries. However, unlike payments from bank accounts or checks, customers must pay in Bitcoin from their cryptocurrency wallets. When a policyholder passes away, their family will receive the claim amount in Bitcoin. (Fortune)

Voices

Founder of Ethereum Weekly: If ETH is Not Considered Currency, Its Value Will Approach Zero

Odaily Planet Daily reports that Evan Van Ness, the founder of Ethereum Weekly, stated on social media that if ETH does not possess "currency attributes" and a premium, its value will trend towards zero according to the discounted cash flow model, depreciating not only against fiat currencies but also continuing to weaken in the crypto market. He pointed out that the rise in ETH prices is a prerequisite for driving ecosystem adoption, and the lack of currency status will weaken the financial position of the Ethereum Foundation, affecting client development and platform adoption. He emphasized, "ETH is currency."

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