1. Zhao Changpeng is willing to assist the government with cryptocurrency policies

2. Ethereum may have completed its bottoming out

Cryptocurrency analyst Ali Martinez stated that Ethereum (ETH) may have completed the bottoming phase of the current market cycle. Data shows that the Entity-Adjusted Dormancy Flow indicator for ETH recently fell below 1 million, which historically indicates a macro bottom area, suggesting that ETH may be undervalued and long-term holders are less inclined to sell. -Original

3. Hong Kong police freeze funds in JPEX case investigation

The virtual asset trading platform JPEX has been under investigation for fraud for 18 months, during which Hong Kong police successfully froze 228 million HKD. Hong Kong election committee member Wu Jiezhuang is concerned about whether the police can help victims recover their lost funds. In response, Hong Kong Police Commissioner Zhou Yiming stated that the relevant case is still under investigation, and the police will seek legal advice from the Department of Justice regarding different involved parties. The distribution of the frozen funds will be determined once the case is concluded. Zhou Yiming also mentioned that the Hong Kong police have established an electronic system for analyzing bank account fund flows and are currently developing a one-stop virtual asset analysis tool in collaboration with local universities to address fraudsters' use of virtual assets for receiving and laundering funds. -Original

4. Andrew Kang optimistic about BTC rebound opportunities

Odaily Planet Daily reports that trader Andrew Kang stated that the current market clearing caused by the trade war, combined with expectations of a "Trump Put," provides a perfect opportunity for BTC to reverse its months-long downward trend. He hinted that BTC may experience a strong rebound. -Original

5. Tether destroys 1.8 billion USDT

On April 13 at 03:28 (UTC+8), Tether destroyed 1.8 billion USDT on the ETH chain, transaction hash: 0x678bca8ebc1c583b08b5cd90cf96eda569cac1efc48d3b6f5501baa4067932fe. Note: The above data is sourced from OKX Explorer. -Original

6. Pakistani court demands resolution of cryptocurrency trading issues

The Peshawar High Court in Pakistan has ordered the federal government to resolve the issue of illegal cryptocurrency trading nationwide within two months. The court requires the government to first formulate relevant strategies and submit a comprehensive report. The case was brought by lawyer Huzaifa Ahmad. According to the lawsuit, despite the State Bank of Pakistan issuing a notice in 2018 declaring virtual currencies, including Bitcoin and Litecoin, as illegal payment methods, individuals and businesses continue to trade through internet channels. Particularly in Khyber Pakhtunkhwa province, some training institutions not only offer Bitcoin and forex trading services but also market on social media platforms such as TikTok, Facebook, and YouTube. The Deputy Attorney General representing the federal government stated that the government is drafting relevant legislation, which is expected to take about a month to complete. The court ultimately granted the government two months to submit a policy proposal. -Original

7. Coinbase actively prepares for Ethereum upgrade

Coinbase officially announced that it has begun actively preparing for the upgrade and will implement necessary updates after the official launch of Pectra. Coinbase also stated that it will continue to closely monitor the preparations for system updates to ensure a smooth launch experience for customers. Previously, due to configuration issues during the activation of the Holesky and Sepolia testnets, the Ethereum Pectra upgrade was delayed, and it is now scheduled to go live on the mainnet on May 7. -Original

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