1. Musk Accused of Not Conducting Cryptocurrency Giveaway

Odaily Planet Daily reports that Dogecoin UI designer DogeDesigner posted on X stating, "Musk did not conduct a $20 million cryptocurrency giveaway. Don't be fooled by these deepfake scam videos." -Original

2. Coinbase Praises Progress of Government Efficiency Department

Odaily Planet Daily reports that Coinbase CEO Brian Armstrong posted on X praising the progress made by the U.S. Government Efficiency Department (DOGE) led by Musk, stating, "If every government expenditure were transparently conducted on-chain, audits would be much easier." -Original

3. Kanye Denies Token Issuance Plans

Previously, rapper Kanye West posted on social media stating that he "will not make a token," adding that "tokens will exploit hype to attract fans." Following this, the expected probability of him issuing a token significantly decreased. This post caused the expected probability of Kanye issuing a token this month (which had reached 40% on the popular prediction market Polymarket) to drop to around 10% due to traders' reactions. Since this rapper began discussing cryptocurrency on social media, various memecoins named "Ye" have emerged, with people expecting him to issue a token. However, after his denial, the value of these tokens plummeted. According to data from Dexscreener, since the rapper's post, the value of one of the tokens has dropped by over 65%, while the value of another token has decreased by 89%. In Ye's post, he stated that he only does what he "loves and understands," while being "too rich to do anything else." Previously, this rapper mentioned in earlier posts that he rejected a $2 million offer to launch his own token. After posting, the rapper seemed to want to connect with Coinbase CEO Brian Armstrong in a mysterious post. JPMorgan closed Kanye's account. Yes, there is a cryptocurrency angle. -Original

4. Brazilian Stock Exchange to Launch New Crypto Products

The Brazilian Stock Exchange B3 will launch Bitcoin (BTC) options as well as Ether (ETH) and Solana (SOL) futures contracts to expand its range of cryptocurrency products. The exchange's CEO Gilson Finkelsztain told local media that the expanded product range will be launched sometime this year. According to local news media Valor Investe, last April, the exchange added Bitcoin futures contracts, with a monthly trading volume of 5 billion reais (approximately $860 million). In comparison, according to data from Brazilian cryptocurrency market monitoring agency Biscoint, the total trading volume of traditional cryptocurrency exchanges in the first month of this year was 6.66 billion reais (approximately $1.13 billion). B3 is Brazil's main stock exchange, listing dozens of cryptocurrency exchange-traded products as well as stocks, bonds, and other financial products. -Original

5. Michael Saylor Meets with GameStop CEO

MicroStrategy founder Michael Saylor met with GameStop CEO Ryan Cohen last night, sparking market speculation about GameStop potentially getting involved in Bitcoin. -Original

6. Cryptocurrency Fear and Greed Index Drops to 44

Today's cryptocurrency Fear and Greed Index has dropped to 44 (with a weekly average of 68), indicating a shift in market sentiment from "greed" last week to "fear." Note: The fear index threshold is 0-100 and includes indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google Trends analysis (10%). -Original

7. 12,624 ETH Withdrawn from Exchanges

In the past 24 hours, a total of 12,624 ETH (approximately $33.12 million) has been withdrawn from exchanges, with major withdrawal addresses and amounts including: Address 0xC37 withdrew 915 ETH (approximately $2.46 million), Address 0x11d withdrew 3,235 ETH (approximately $8.82 million), Address 0x3aA withdrew 670 ETH (approximately $1.78 million), Address 0x013 withdrew 600 ETH (approximately $1.55 million), Address 0x562 (possibly belonging to Berachain) withdrew 2,500 ETH (approximately $6.48 million), Address 0xF36 withdrew 500 ETH (approximately $1.56 million), Address 0x23F withdrew 2,000 ETH (approximately $5.23 million), Address 0xC3e withdrew 2,220 ETH (approximately $5.83 million). -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).

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