BlockBeats will summarize key industry news from the week of April 21 to April 27 in this article, and recommend in-depth articles to help readers better understand the market and grasp industry trends.
Important News Review
Trump to Host Dinner for Top 220 TRUMP Holders, Sparking Senatorial Criticism; Largest TRUMP Holder "Sun" Suspected to be HTX Cold Wallet
On April 24, the official TRUMP token account announced on social media that a private dinner will be held on May 22, 2025, at the Trump National Golf Club in Washington, D.C., inviting the top 220 TRUMP wallet holders to attend. Following the announcement, TRUMP surged over 75% temporarily, breaking through $16.
According to the arrangement, the top 25 whale holders will also be invited to an exclusive reception and enjoy a VIP tour of the White House the next day. The official revealed that President Trump himself will attend the dinner as a special guest, but emphasized that if Trump cannot attend due to force majeure or other reasons, eligible invitees will receive a limited edition TRUMP NFT as compensation. Additionally, all costs related to the dinner must be borne by the invitees, who must be at least 18 years old and complete a security review and sign a disclaimer. To coincide with this dinner event, the official announced that the first batch of unlocked tokens and TRUMP coin allocations to be released daily over the next three months will be locked for an additional 90 days.
However, the TRUMP dinner and token plan have also sparked political controversy. U.S. Senator Chris Murphy from Connecticut criticized that the TRUMP coin dinner could be "the most blatant act of corruption among past presidents." Another senator, Jon Ossoff, also stated he would seek to impeach Trump based on this.
On the 25th, Arkham monitoring reported that the VIP first seat for the TRUMP dinner, "Sun," registered using an HTX cold wallet. On-chain information shows that this wallet contains $14.6 million worth of TRUMP, accounting for 27.81% of its total assets, with BAN being the largest asset by proportion. Related articles: “Trump Hosts Dinner for $TRUMP Buyers, Whales Earn $730,000 in 30 Minutes”, “Who Will Dine with Trump?”
Trump Eases Tariffs and Denies Plans to Fire Powell, Crypto Market Cap Rebounds to $3 Trillion, Bitcoin Surges Above $95,000
On April 23, U.S. President Trump stated that tariffs on Chinese goods would not reach 145% and are expected to decrease significantly, but will not be completely eliminated. When asked if he would take a hard stance against China, Trump replied that he would not. On the same day, The Wall Street Journal cited sources saying that Trump has ultimately decided not to fire Federal Reserve Chairman Powell, as U.S. Treasury Secretary Yellen and Commerce Secretary Raimondo warned that such a move could have serious consequences. Previously, the White House legal team had begun researching the legal feasibility of this action. Possibly influenced by this, the cryptocurrency market rebounded, with the total market cap surpassing $3 trillion, a 24-hour increase of 4.07%, and Satoshi's Bitcoin holdings returning to over $100 billion.
Regarding tariffs, discussions on different proposals are still ongoing within the U.S. According to The Wall Street Journal on the 23rd, the Trump administration is considering two tariff adjustment proposals for China: the first would reduce the current tariff rates to around 50%-65%; the second is a "tiered proposal," categorizing Chinese goods into two types, imposing a 35% tariff on goods "not involving national security," while imposing at least a 100% tariff on goods "of strategic significance." However, White House Press Secretary Levitt emphasized that Trump's stance on tariffs against China "has not softened."
On the 24th, Chinese Foreign Ministry spokesperson Geng Shuang clearly stated at a regular press conference that there are currently no consultations or negotiations between China and the U.S. regarding tariffs, let alone reaching an agreement. The Ministry of Commerce also stated that if the U.S. truly wants to resolve the issue, it should completely eliminate all unilateral tariff measures against China. On the 25th, Bitcoin continued to rise, breaking the $95,000 mark for the first time in 55 days.
In the past week, the U.S. has been sending mixed and even contradictory signals regarding tariffs on China. On the 26th, The Wall Street Journal reported that Trump further stated he is "unlikely" to approve a new 90-day tariff suspension. He emphasized during a conversation with accompanying reporters: "Unless China makes substantial concessions, tariffs on China will not be lifted." Related articles: “Crypto Market Surge: Is it a Reversal or a Bounce? | Trader Observations”, “Bitcoin Soars 7%, Is the 'Digital Gold' Narrative Back?”, “Bitcoin Returns to $90,000, Which Altcoins Are Worth Watching?”, “Full Text of U.S. Treasury Secretary Yellen's Speech and Q&A: Trade Agreement Between U.S. and China Will Take 2-3 Years”
Son of U.S. Commerce Secretary Raises $3 Billion for Bitcoin Investment Fund in Collaboration with SoftBank, Tether, and Bitfinex
On April 23, The Financial Times reported that Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chairman of brokerage Cantor Fitzgerald, is collaborating with SoftBank Group, Tether, and Bitfinex to establish a Bitcoin investment fund. The fund, named "Cantor Equity Partners," plans to raise $3 billion in Bitcoin through the newly established 21 Capital company. Tether intends to invest $1.5 billion, while SoftBank Group and Bitfinex will contribute $900 million and $600 million, respectively. The Financial Times revealed that the project is expected to be officially announced in the coming weeks. However, the deal has not yet been finalized, and specific details may still change. Related article: “The Crypto Market Under Trump’s Administration: U.S. Commerce Secretary’s Son Partners with SoftBank”
Trump Media & Technology Group Finalizes Crypto ETF Issuance Agreement
On April 22, Trump Media & Technology Group (DJT.O) officially finalized an ETF issuance agreement with Crypto.com and Yorkville America Digital. BlockBeats previously reported that on March 25, Trump Media & Technology Group announced a preliminary cooperation intention with the crypto trading platform Crypto.com, planning to jointly launch a series of ETFs and related products through its fintech brand Truth.Fi, expected to be officially launched in 2025, pending the signing of a final agreement and regulatory approval. The new fund will be supported by Crypto.com for technology and crypto asset custody, covering cryptocurrencies like Bitcoin, and will also include securities assets related to the "Made in America" theme, spanning multiple industries including energy. Trump Media & Technology Group plans to invest up to $250 million of its own funds, with the funds managed by Charles Schwab.
UN Report: Illegal Cryptocurrency Projects like Huawang Guarantee are "Powerful Tools" for Cybercrime Groups
On April 21, a new report from the United Nations Office on Drugs and Crime (UNODC) revealed that crime groups in East Asia and Southeast Asia are expanding globally, using illegal crypto mining to launder billions of dollars. They have infiltrated regions with weak regulation and built an underground crypto ecosystem. The Cambodian platform Huawang Guarantee (now Haowang) has become a money laundering hub, circulating over $24 billion since 2021, accelerating the shift to Telegram, stablecoins, blockchain, and online gambling to evade regulation.
Binance Announces Listing and Delisting Standards
On April 25, Binance released an announcement detailing its listing and delisting standards for platforms such as Binance Alpha, contracts, and spot trading, focusing on:
- Alpha Selection Standards:
Non-circulating projects: Assess project fundamentals, token economics, technical risks, team background, and compliance.
Circulating projects: In addition to the above, further consider secondary market performance, such as trading volume, liquidity, historical volatility, FDV, and market cap.
- Contract Listing Standards:
Projects already listed on Alpha: Focus on trading volume, price stability, compliance, and token unlocking plans during the Alpha phase; if there are no significant negative changes, they can enter the contract platform.
New projects not listed on Alpha: Must meet comprehensive assessments of fundamentals, token economics, technical risks, team background, and compliance.
- Spot Listing Standards:
Projects already listed on Alpha/contracts: Require high trading volume, price stability, good compliance, and adherence to token distribution and unlocking plans.
New TGE projects: Focus on assessing fundamentals, token economics, technical risks, and team compliance.
Additionally, Binance emphasized that it will continue to monitor projects' market performance, team background, compliance, and security, with non-compliant projects facing delisting.
Binance Launches Alpha Point Scoring System This Week, Determining Wallet TGE and Alpha Airdrop Eligibility
On April 25, according to official news, the latest version of the Binance App has launched the Alpha Point scoring system. According to the official explanation, this system is used to assess user activity within the Binance Alpha and Binance Wallet ecosystems, determining eligibility for activities such as Wallter TGE and Alpha token airdrops. Binance Alpha points are calculated daily based on the total asset balance in users' Binance CEX and Binance non-custodial wallet addresses over the past 15 days, as well as the total number of Alpha tokens purchased; currently, selling Alpha tokens will not contribute to Alpha points.
Binance Wallet Launches Two New TGEs This Week: Hyperlane Overraises by 69.22 Times; OKZOO Overraises by 600 Times
On April 21, Binance Wallet announced the launch of Hyperlane TGE. The new rules for this event are as follows: participants must complete a valid purchase of at least $20 worth of Binance Alpha tokens through Binance Wallet (non-custodial) or Binance between 00:00:00 UTC on March 22, 2025, and 23:59:59 UTC on April 20, 2025. The next day, Hyperlane concluded its investment and distributed tokens, with a total investment of 70,047.45 BNB, oversubscribed by 69.22 times.
On April 25, Binance Wallet announced the launch of the 12th TGE: OKZOO. Participants are required to have at least 45 points in Binance Alpha. According to the project homepage, OKZOO is a DePin project in the BSC ecosystem, described as "the world's first city-scale decentralized environmental data network powered by advanced AIoT machines." Ultimately, OKZOO was oversubscribed by 600 times. Related articles: “Binance Wallet IDO Survival Report: 10 Projects' Real Data Proves Narrative is More Important than Traffic?”
Musk and U.S. Treasury Secretary Have Heated Argument at the White House Last Week
On April 24, according to AXIOS citing informed sources, Musk, head of the U.S. Government Efficiency Office (DOGE), and U.S. Treasury Secretary Yellen had a heated argument last Thursday at the White House over IRS personnel appointments, loud enough to draw the attention of President Trump and other officials present. An eyewitness stated, "Two billionaires, middle-aged men turned the West Wing of the White House into a WWE wrestling ring." "They didn't come to blows in the Oval Office, but the president witnessed the conflict firsthand. The two continued their argument into the hallway, where it erupted again," Yellen criticized Musk for overpromising on budget cuts for DOGE without delivering. Musk retorted, calling Yellen "Soros's agent" and accusing her of running "a failed hedge fund." Reports indicate that the argument was so intense that at one point they were "chest to chest," ultimately ending with an assistant intervening to separate them. Related articles: “With One Month Left in Office, Has Trump's Political Alliance with Musk Broken?”
Paul S. Atkins Officially Takes Office as the 34th Chairman of the U.S. SEC This Week
On April 22, the U.S. Securities and Exchange Commission (SEC) officially announced that Paul S. Atkins has officially taken office as the 34th Chairman of the U.S. SEC. Paul S. Atkins was nominated by Trump on January 20 and confirmed by the U.S. Senate on April 9 with a vote of 52 to 44. He previously served as an SEC commissioner and has long been involved in digital asset and market regulatory reforms, emphasizing regulatory transparency and cost-effectiveness.
Federal Reserve Revokes 2022 Guidance on Crypto Activities Related to Banking
On April 25, the Federal Reserve announced the revocation of regulatory guidance regarding banks' crypto asset and dollar token operations, while simultaneously updating the expected standards for related businesses. This move aims to ensure that regulatory requirements keep pace with evolving risks and further support innovation in the banking system. The announcement indicated that the Federal Reserve formally abolished a regulatory letter issued in 2022, which previously required state member banks to report in advance on proposed or existing crypto asset businesses. After the revocation, the Federal Reserve will no longer require banks to fulfill reporting obligations, instead monitoring related activities through regular regulatory procedures. Related articles: “Federal Reserve's 'Choke Point Action 2.0' Ends, What Does Bank Deregulation Mean for the Crypto Market?”
Ethereum Foundation to Host Genesis Block 10th Anniversary Celebration on July 30
On April 24, the Ethereum Foundation's official blog announced that it will celebrate the 10th anniversary of the Ethereum genesis block on July 30 at 3:26:13 PM (UTC). The Ethereum Foundation will support a series of global gatherings, on-chain artifacts, and live broadcasts to welcome the next decade of Ethereum. The Ethereum Ecosystem Support Program (ESP) will provide up to $500 in funding support for eligible community events. Applications for events must meet the following criteria: focus on Ethereum, free to participate, open to the public, and held on July 30.
Gitcoin Announces Closure of Its Main Software Development Department Grants Lab Due to Lack of Sustainable Profit Model
On April 25, Gitcoin co-founder Kevin Owocki announced on social media that Gitcoin will close its main software development department, Grants Lab, and bid farewell to some outstanding team members. This is one of the toughest decisions since Gitcoin's inception. The decision is driven by changes in the ecosystem: the funding model for public goods is evolving, the L2 ecosystem is maturing, collaborative mechanisms are innovating, and new competitors are emerging. Meanwhile, key members of Grants Lab have left, and the team currently lacks a clear, sustainable profit model, leading to financial expenditures exceeding manageable limits. Therefore, Grants Lab will no longer apply for the budget for the second half of 2025, and remaining funds will be used to provide severance compensation for affected employees. Gitcoin stated that they will do their utmost to support the transition of departing employees with respect and care.
Ethereum L2 Network Zora Completes TGE This Week, but Airdrop Distribution Raises User Concerns
On April 23, the Ethereum L2 network Zora launched its native token ZORA and initiated an airdrop. Meanwhile, Binance opened ZORA token trading on the Alpha platform and airdropped 4,276 ZORA tokens to eligible users. The official Zora airdrop allocated 1 billion ZORA tokens to 2,415,024 addresses, but the average user only received 1,571.1 ZORA, worth about $37. Recently, speculators and Binance Alpha users received far more tokens than native users, sparking widespread anger in the community and being seen as a betrayal of early supporters. Additionally, the Zora airdrop snapshot was divided into two parts, but the specific distribution criteria have never been made public, leading to a lack of transparency in the entire process. Related articles: “Zora Token Launch: From NFT Freshness to Social Media Frenzy”, “ZORA Airdrop Fiasco: Early Users 'Grinded' for Four Years, Averaging Less than $40”
Singapore Exchange Plans to Launch Bitcoin Perpetual Futures in the Second Half of This Year, Targeting Institutional and Professional Investors
On April 21, according to The Business Times, the Singapore Exchange (SGX) announced plans to launch Bitcoin perpetual futures in the second half of 2025, targeting institutional and professional investors. This move aligns with the broader trend of traditional exchanges entering the crypto derivatives market, driven by increasing demand for digital assets and strong support for cryptocurrencies from U.S. President Trump. Perpetual futures allow investors to trade on the price movements of cryptocurrencies, but unlike traditional futures, these derivatives do not have an expiration date.
Circle to Launch New Payment and Cross-Border Remittance Network Aiming to Compete with Visa and Mastercard
On April 21, stablecoin USDC issuer Circle announced it will launch a new payment and cross-border remittance network—this is the company's "next product initiative." An informed source stated, "Circle is launching a payment network, initially targeting remittances, but ultimately aiming to compete with Mastercard and Visa." The product launch event is aimed at banks, fintech companies, payment service providers, remittance service providers, and strategic partners of USDC. Circle CEO Jeremy Allaire will share his vision for the next steps of this stablecoin giant in the payment sector during the event.
One-Third of South Korea's Wealthy Currently Hold Cryptocurrency
On April 21, according to Cointelegraph, one-third of South Korea's wealthy currently hold cryptocurrency. The Hana Financial Research Institute stated in the "2025 South Korea Wealth Report": "The high-net-worth population's expectations for the growth of virtual assets indicate that this field is maturing."
KiloEx Releases Hacker Incident Analysis: User Assets Fully Returned Due to Unwritten Key Functions in Contract
On April 21, KiloEx released a root cause analysis report on the hacker incident. The report indicated that the incident was caused by its smart contract's TrustedForwarder contract inheriting OpenZeppelin's MinimalForwarderUpgradeable without rewriting the execute method, allowing that function to be called arbitrarily. The attack occurred between 18:52 and 19:40 (UTC) on April 14, with the attacker deploying malicious contracts on chains such as opBNB, Base, BSC, Taiko, B2, and Manta. After negotiations with the attacker, they agreed to retain 10% as a bounty, and the remaining assets were fully returned to the project's multi-signature wallet. The platform has completed vulnerability fixes and resumed operations (user assets have been 100% returned).
SOL Strategies Reaches $500 Million Convertible Note Financing Agreement, Aiming to Increase SOL Holdings
On April 23, according to official news, "Solana's MicroStrategy" SOL Strategies announced it has reached a $500 million convertible note financing agreement with ATW Partners, aiming to increase SOL holdings. The official stated that this is the largest transaction of its kind in the Solana ecosystem to date, and SOL Strategies aims to promote the development of institutional staking platforms. Related articles: “Public Company Launches $500 Million 'Buy Buy Buy' Model, SOL Becomes the Next BTC for MicroStrategies”, “From BTC to SOL: New Trends in Traditional Enterprises' Crypto Asset Allocation”
ZKsync Development Company Matter Labs Sued for Alleged Intellectual Property Theft
On April 22, according to CoinDesk, ZKsync development company Matter Labs was sued by the now-defunct digital asset banking platform BANKEX, accusing it of intellectual property theft. The lawsuit claims that in 2017, Ethereum co-founder Vitalik Buterin commissioned BANKEX to develop software for Plasma technology, with Vlasov and Korolev as BANKEX employees responsible for the project. However, the two are accused of secretly establishing Matter Labs, transferring BANKEX technology, and profiting from it. The lawsuit also involves Matter Labs co-founder Alex Gluchowski, investment firms Dragonfly and Placeholder Capital partner Chris Burniske, alleging their involvement or knowledge of the situation. A Matter Labs spokesperson responded that the accusations are "baseless," asserting that ZKsync is original technology unrelated to BANKEX.
Crypto Investment Firm Unicoin Refuses to Settle with U.S. SEC, Will Contest Allegations in Court
On April 22, according to Decrypt, crypto investment firm Unicoin is preparing to go to court against the top regulatory body on Wall Street, as the U.S. Securities and Exchange Commission (SEC) has stated it will continue to hold the Miami-based company accountable. According to Unicoin co-founder Alex Konanykhin, the SEC's enforcement division had given Unicoin a deadline of April 18 to engage in settlement negotiations regarding allegations of willfully violating federal securities law registration and anti-fraud provisions. This deadline has now passed, and Konanykhin stated he has no intention of settling, instead vowing to defend himself in court.
Malaysian Prime Minister Meets Binance Founder CZ This Week to Promote Blockchain and Tokenization Adoption
On April 23, Malaysian Prime Minister Anwar Ibrahim met with Binance founder CZ to promote the adoption of blockchain and tokenization. This meeting highlights Malaysia's goal of becoming a regional hub for blockchain innovation. Anwar pledged to work closely with regulators to establish a favorable legal framework to support and promote the development of digital assets. This visit is part of CZ's strategy to strengthen relationships with emerging markets in digital finance policy.
NBA Star O'Neal Reaches Settlement in FTX Lawsuit, Previously Received Nearly $750,000 in Promotion Fees
On April 24, according to Cointelegraph, former NBA star Shaquille O'Neal has reached a settlement with investors who suffered losses due to FTX's bankruptcy. Court documents show that the settlement amount is confidential, and specific terms will be disclosed after investors formally apply for preliminary court approval. O'Neal, along with other celebrities and athletes, was accused of promoting the now-bankrupt FTX trading platform, allegedly leading to investor losses. O'Neal was formally served with the FTX class action lawsuit at his home on April 17, being required to appear in federal court and explain his role in FTX's "false advertising campaign." FTX had paid O'Neal nearly $750,000 in promotion fees, approximately $308,000 to tennis star Naomi Osaka, nearly $206,000 to Jacksonville Jaguars quarterback Trevor Lawrence, and about $271,000 to former Boston Red Sox player David Ortiz.
Coinbase and PayPal Partner to Advance PYUSD Payment Applications
On April 24, Coinbase is expanding its partnership with PayPal to accelerate the adoption, distribution, and use of PayPal's USD stablecoin (PYUSD). Coinbase will support a 1:1 exchange of PYUSD for USD through its custody and trading platform, enhancing the utility of PYUSD and exploring new on-chain use cases for PYUSD.
JD Group Vice President: JD's Issuance of Stablecoin Aims to Enhance Global Supply Chain and Cross-Border Payment Capabilities
On April 22, according to the Daily Economic News, JD Group Vice President and Chief Economist Dr. Shen Jianguang recently gave an interview in Hong Kong. He pointed out that stablecoins represent a decentralized commercial issuance at the corporate level, with minimal fluctuations influenced by macroeconomic factors. JD's issuance of stablecoins aims to further enhance JD's global supply chain and cross-border payment capabilities. Currently, JD has entered the "sandbox" testing phase for stablecoin issuance in Hong Kong, where the relevant legislation for stablecoins is still being developed, and no specific provisions have been established. It is expected that after the approval of Hong Kong's "Stablecoin Regulation Draft," the Hong Kong Monetary Authority can formally release specific implementation details for stablecoins.
Overview of Major Financing Projects This Week: Arch Labs, BitradeX, Symbiotic, Theo, Nous Research, Manus Development Team
On April 22, it was reported that blockchain infrastructure development company Arch Labs completed a $13 million Series A financing round, achieving a valuation of $200 million. This round was led by Pantera Capital.
On April 23, it was reported that digital asset trading platform BitradeX completed £12 million in Series A financing, led by Bain Capital. The funds will be used to accelerate BitradeX's global expansion, launching AI Strategy Labs in London, Hong Kong, and Singapore within the next six months, and enhancing its proprietary technology stack and compliance infrastructure.
On the same day, cryptocurrency staking protocol Symbiotic announced the completion of a $29 million Series A financing round, led by Pantera Capital, with participation from Coinbase Ventures and over 100 angel investors from teams such as Aave, Polygon, and StarkWare.
On April 24, it was reported that startup trading platform Theo raised $20 million in two financing rounds, including a $4.5 million seed round led by Manifold Trading in March 2024, and a second round led by Hack VC and Anthos Capital, raising $15.5 million a year later. Both rounds of financing are token warrants or commitments to allocate unissued cryptocurrencies.
On April 25, it was reported that decentralized AI startup Nous Research completed a $50 million Series A financing round, almost entirely provided by crypto venture capital giant Paradigm, bringing Nous's token valuation to $1 billion.
On the same day, Bloomberg reported that the Chinese startup behind Manus AI raised $75 million in a financing round led by U.S. venture capital firm Benchmark. Reports indicate that this round also included participation from existing investors, increasing the startup's valuation fivefold to nearly $500 million. The company, named "Butterfly Effect," plans to use the funds to expand into markets such as the U.S., Japan, and the Middle East.
Popular Articles This Week
“Farcaster's Major Transformation: a16z Invests $180 Million to Reshape Web3 Social”
The development of Farcaster reveals the gap between the practical application of Web3 social and its ideal narrative: from initially emphasizing decentralization and encouraging developers to build ecosystems, it has now shifted to an asset-centric approach, commercializing through built-in wallets and Mini Apps. Farcaster has essentially become a token-incentivized asset distributor, with user activity and community engagement heavily reliant on profit motives rather than social experiences; this not only reflects the challenges of decentralized social in user growth and content retention but also signifies a decline in crypto narratives, as the venture capital halo fades and the entire industry begins to confront the real value and demand gap.
“Trading Coins to Earn $200 Million, A Story More Outrageous than Big Brother”
A crypto player, after accumulating $200 million in assets, fell victim to a scam gang disguised as a successful girlfriend, enduring over two years of emotional manipulation and layered setups, ultimately losing all his wealth. The scammers fabricated career backgrounds, created investment returns, and frequently set crises to continuously guide the victim to transfer funds, until they completely drained the victim's trust and finances. This scam reveals how the wealthy in the crypto space can easily become precise targets due to loneliness and greed, with the real danger being the misplaced confidence of those who believe they won't be scammed.
Canadian public company SOL Strategies has signed an agreement to establish a convertible note financing mechanism of up to $500 million, specifically for purchasing and staking SOL tokens, with an initial issuance of $20 million in notes, with interest paid from staking returns. The company, formerly known as Cypherpunk Holdings, has fully shifted its focus to the Solana ecosystem in recent years, liquidating Bitcoin and non-core assets, significantly increasing its holdings and staking of SOL, with rapid growth in validator node operations and revenue. Amid the backdrop of SOL ETF approvals and capital inflows, SOL Strategies has become the largest publicly traded company in North America focused on Solana, akin to MicroStrategy's role in Bitcoin, seen as a crucial force in accelerating the development of the Solana ecosystem.
“How to Make $100,000 in Three Months on Polymarket?”
This article details the author's strategy for earning $100,000 through arbitrage in prediction markets. The author capitalized on pricing discrepancies for the same event across different platforms to lock in risk-free profits, focusing on pricing errors in multi-outcome markets. Key steps include identifying price differences, acting quickly, automating monitoring, and exiting early to extract APY. The author emphasizes the importance of small markets, volatility, and careful rule-checking, providing an efficient Web3 arbitrage guide.
“SUI Surges 30% in a Day, What Projects in the Ecosystem Are Worth Noting?”
Against the backdrop of a general recovery in the crypto market, the SUI ecosystem has shown particularly strong performance, with an overall increase of over 23%. Several projects, such as DeepBook, Cetus, and Momentum, have seen significant gains. The ecosystem's focus has shifted from gaming to trading chains, covering multiple fields including DeFi, AI, and NFTs, while introducing innovative technologies like DeepBook's native order book, Walrus airdrop, and zkLogin, providing strong support for mobile and on-chain applications.
“Where Does SUI's Growth Momentum Come From with a 54% Increase in Three Days?”
Recently, SUI has broken through historical resistance levels with a 54% increase over three days and strong data, showcasing its all-stack rise achieved through technological architecture innovation, ecological flywheel explosion, and capital momentum resonance. Based on high performance and decentralization, SUI has built a complete layout from DeFi, Meme+AI to hardware ecosystems, attracting mainstream institutions to reshape valuation logic, marking the blockchain competition's formal entry into a new phase of "digital economic operating systems."
“With One Month Left in Office, Has Trump's Political Alliance with Musk Broken?”
Musk and Trump were once close due to their joint push for government reform, but their relationship gradually deteriorated as tariff policies led to conflicts of interest. Musk's government efficiency department saved significant expenditures but faced a backlash for harming vested interests, resulting in setbacks for Tesla and a substantial decrease in Musk's personal assets. Ultimately, Treasury Secretary Basant outmaneuvered Musk in a White House argument, and Trump chose allies more aligned with his interests, marking Musk's marginalization from the power center, signaling the end of this brief union between technology and politics.
“ZORA Airdrop Fiasco: Early Users 'Grinded' for Four Years, Averaging Less than $40”
After years of preparation, Zora's token launch has led to widespread disappointment in the community, with airdrop amounts being too low and distribution extremely uneven. Most users received tokens worth less than the gas fees, while large holders easily divided substantial rewards; coupled with the token's lack of practical use, opaque distribution rules, and high team token holdings, early supporters were further enraged, leading to a collapse in on-chain reputation, a significant drop in activity, and skepticism about the ecosystem's transition to on-chain social, resulting in a full-blown trust crisis.
“Bull Market Returns: Can Ethereum's Pectra Upgrade Turn the Tide?”
Ethereum faces fierce competition from new public chains like Solana, with prices not reaching new highs and activity declining. The Pectra upgrade and RISC-V proposal aim to enhance scalability, reduce costs, and maintain security and compatibility. Meanwhile, Solana is rapidly rising due to its high efficiency and low costs, challenging Ethereum's position.
The AI project JuliaOS saw its market cap soar from $650,000 to $25 million after launching on the Solana chain, sparking controversy as over half of the tokens are controlled by early bound addresses. JuliaOS is a multi-chain AI Agent framework developed in the Julia language by a Norwegian team, with advisors from the Qubic project, focusing on a Swarm cluster architecture that combines mainstream chains and models. Although the project's technical direction and programming language choice received some recognition, the anonymous team and opaque early presale arrangements raised caution among on-chain players. The market cap has since significantly declined, with the market watching closely for its future transparency and community trust-building.
“Cutting Staking Rewards: Aptos' New Proposal Targets Big Holders' 'Easy Earnings'”
The Aptos community has proposed AIP-119, which plans to phase down staking yields from about 7% to 3.79% over three months to alleviate inflationary pressures, improve capital efficiency, and promote healthier ecosystem development. Despite concerns about small node profitability and capital outflows, supporters believe this is a crucial step to break the reliance on high APY and reshape the Aptos economic model, marking a proactive adjustment in governance, ecological incentives, and long-termism.
“The Ceiling of 'Fiat Currency on the Chain': The Network Effect of Stablecoins”
Stablecoins break the traditional payment trilemma with "better, faster, cheaper," providing global users with an open payment network that is available 24/7, low-cost, and permissionless. They are evolving from intermediary tools to mainstream value carriers. Although they still face bottlenecks like fiat currency exchange, stablecoins are expected to reshape the global financial landscape as network effects expand.
“Top Ten Predictions by Vitalik and Balaji: Crypto, AI, and Future Order”
At the recent The Network State event, Balaji and Vitalik discussed Ethereum's center-left positioning in the crypto world, the transition of DeFi from pipelines to alternative financial systems, the future of the dollar and stablecoins, the amplifying effect of artificial intelligence on human intentions, and the potential of DeSci as a transformative force in the healthcare industry. They both agreed that the future will not be reformed through old systems but will be rebuilt through on-chain coding to create a new world order.
As the SOL ETF process accelerates, the Solana Foundation has introduced a new policy of "one in, three out," attempting to enhance validator independence by removing validators that rely on foundation delegation and have less than 1,000 SOL in external staking. However, this may lead to the elimination of many small and medium nodes, exacerbating centralization risks. Although the policy includes a buffer period, achieving true decentralization in the Solana ecosystem will require lowering the participation threshold for validators amid the influx of institutional funds and the rise of large nodes.
After two years of preparation, the blockchain version of the classic game "MapleStory," MSU, is about to enter public testing and launch its token issuance. The core economic system is designed around three bidirectionally exchangeable asset forms: $NXPC, $NESO, and NFTs, aiming to connect item circulation and value closure through a unified asset pool and innovative mechanisms. While this strong financial attribute may impact the diversity and fun of the game, it also provides a bold and noteworthy experiment for traditional large-scale online games entering the Web3 space.
“Bloomberg: Have U.S. Treasuries Really Lost Their Safe-Haven Appeal?”
As Trump's tariffs triggered market turmoil, U.S. Treasuries failed to serve as a safe haven as they had in the past, instead declining alongside risk assets, with yields recording the largest weekly increase in twenty years. Investors are concerned about inflationary pressures from tariffs, policy uncertainty, and expanding fiscal deficits, with some funds flowing into cash, German bonds, and gold as alternative safe-haven assets. Additionally, factors such as foreign divestment and hedge fund liquidation have exacerbated unusual volatility in the U.S. Treasury market, prompting a reassessment of U.S. Treasuries' status as a global "risk-free" asset.
“Vitalik's Long-Term L1 Execution Layer Proposal: Replacing EVM with RISC-V”
Vitalik proposed replacing the existing EVM with RISC-V as Ethereum's smart contract virtual machine language to fundamentally optimize execution layer performance, break through scalability bottlenecks, and simplify system architecture while retaining core abstractions like accounts and storage to ensure minimal changes in the developer experience. The goal is to achieve significant improvements in ZK-EVM's proof efficiency while ensuring compatibility between EVM and RISC-V contracts, pushing the Ethereum execution layer towards a more streamlined and efficient architecture.
“Without Interest Rate Perpetuals, Will DeFi Ever Be Complete?”
Although a large floating interest rate market has been established in DeFi, there is still a lack of native tools like CME interest rate futures to hedge interest rate risks. The absence of a linkage mechanism with traditional financial rates has led to significant volatility in rates for protocols like AAVE, which have long been at a premium. By introducing interest rate perpetual contracts that anchor DeFi and TradFi rates, it can help both borrowers and lenders effectively hedge against interest rate fluctuations, paving the way for fixed-rate loans, improving market efficiency, and attracting more traditional financial institutions to participate, achieving integration between the two.
“Is Base 'Stealing' Ethereum's GDP?”
Base has rapidly risen within the Ethereum ecosystem, bringing user growth and application vitality but also impacting Ethereum's mainnet fee income and ETH burning mechanism, creating what is termed "GDP transfer." The report suggests that Ethereum is investing in the future through its L2 roadmap, but the structural decline of L1's economy will continue in the short term. If scaling solutions cannot be implemented quickly, it may even require increasing ETH issuance to maintain network security. In the process of corporate transformation, Ethereum faces a trade-off between efficiency and decentralization and must be wary of being replaced by its own incubated L2.
After a brief explosion, AI projects have been hit by multiple external factors, leading to an early bubble burst. However, the recent launch of several AI Launchpads indicates that the sector is entering a "rebuilding" phase. Meme Launchpads and AI Launchpads are developing in parallel, with the latter emphasizing practicality and ecosystem building. Leading projects like Virtuals and AI16Z are continuously evolving to introduce new mechanisms and products, aiming to empower the entire ecosystem. Driven by the MCP concept, the AI narrative may welcome a second wave of rebound, and as long as participation continues, there remains a possibility to seize new opportunities.
“In-Depth Analysis of Bittensor: What Projects in the Subnet Are Worth Looking Forward To?”
This article introduces the Bittensor ecosystem, a Web3 platform that promotes decentralized AI development through "Darwinian AI." The author shares their passion for cryptocurrency and AI, exploring the conveniences and potential risks of centralized AI products, such as data ownership and platform stability issues. Bittensor fosters the natural selection and evolution of AI models through competition and incentive mechanisms, utilizing the $TAO token and subnet structure, attracting investor attention.
“Ethereum's Challenge: How to Address Value Drain from Modular Stacks?”
Migrating transactions and activities from the Ethereum main chain to Rollup, L2, or L3 may not necessarily be a bad thing, but it essentially extracts value from Ethereum, which could weaken ETH's position in the long run. The author uses Toyota's "Genchi Genbutsu" philosophy and real-world Rollup projects as examples, pointing out that when project teams build their own chains starting from the Ethereum ecosystem, their mindset shifts from idealism to a business-oriented approach, making ETH increasingly resemble "an abandoned mother." While this trend is realistic, if Ethereum does not confront it, its position in the modular stack may decline in the future, necessitating a strategy for response.
From the AI Agent craze sparked by AI Meme GOAT to the temporary retreat of CryptoAI due to Trump's issuance of MemeCoin, the market has experienced a process of bubble burst and reconstruction. Now, CryptoAI is rising again, with new projects like $zerebro and $AIOS rapidly growing. Bittensor is gaining institutional attention due to its liquidity advantages, and the Virtuals Protocol has launched AI business agreements and point issuance mechanisms to reconstruct the ecosystem. Innovative projects are also emerging in gaming, DeFAI, and infrastructure. Overall, the integration of Crypto and AI is entering the second half, transitioning from conceptual hype to a new stage of product practicality and value capture.
This article uses the metaphor of skiing triggering an avalanche to analyze the impact of Trump's radical tariff policies on financial markets, particularly how they have caused fluctuations in the U.S. Treasury market and its chain reactions. Arthur Hayes points out that the U.S. Treasury is alleviating market panic through bond repurchases, providing liquidity to hedge funds to stabilize bond prices, and indirectly boosting Bitcoin. In the context of global financial de-risking and increased sensitivity to U.S. dollar liquidity, Bitcoin is seen as a hedge against instability in fiat currency systems and may continue to lead the way, driving a new round of altcoin trends.
The TRUMP token once sparked market frenzy due to celebrity effects, but as insider information was exposed and the market declined, the price fell over 90% from its peak, with many large holders choosing to liquidate, leading to a high concentration of chips. Although recent positive stimuli like Trump's dinner caused a brief rebound, overall, the project is suspected of manipulation, with some retail investors and new large holders facing losses, reflecting the high speculation and extreme risks in the MEME coin market. Even with top-tier traffic support, it is difficult to escape the fate of being harvested.
“Backpack+AI: Even Coding Novices Can Script Low-Risk Profits”
The airdrop activity of the Backpack trading platform continues to gain popularity, with trading volumes hitting new highs, and users earning platform tokens and other potential airdrops through real trading activities. High player CJ created arbitrage scripts with the help of AI without understanding programming, achieving profit through arbitrage strategies in a low-risk environment, and shared how to implement interactive techniques for "one fish, multiple eats" through multi-platform collaboration, demonstrating a feasible path to efficiently obtain profits and airdrops even in a weak market.
“ETH vs SOL Showdown: The Node Wars and Infrastructure Moat Behind $58.7 Billion in Staking”
Although Solana and Ethereum have comparable total staking values, Ethereum still has an advantage in security based on node distribution and the maturity of staking infrastructure. Ethereum effectively reduces centralization risks and attack difficulties by limiting the staking cap per node, encouraging retail participation, and promoting diverse clients and distributed validation technologies (such as Obol). In contrast, Solana has a higher node concentration, stricter hardware requirements, and distributed staking technology is not yet widespread, making it relatively more vulnerable to potential attacks.
Against the backdrop of the Trump administration signaling crypto-friendly policies, Cantor Fitzgerald, in collaboration with SoftBank, Tether, and Bitfinex, is establishing a $3 billion Bitcoin investment platform called 21 Capital, aiming to replicate MicroStrategy's successful path and achieve listing through a SPAC structure to attract institutional investment. This move not only marks traditional financial capital's further embrace of crypto assets but also highlights the potential influence of political and business relationships in the project, possibly opening a new chapter for institutional allocation of digital assets.
Brian Armstrong, the founder of Coinbase, drew inspiration from Bitcoin's white paper and committed himself to the cryptocurrency field, accumulating $8 billion in wealth within five years. He emphasizes that the real opportunity lies in being a "shovel seller" rather than a "gold digger," advocating for regulatory reform, encouraging stablecoin and digital dollar legislation. He sees cultural potential in Memecoins while reminding investors to focus on project code activity, community interaction, and responses to skepticism. He believes that cryptocurrency will not replace traditional finance but can serve as a strong complement, with future emphasis on products that can seamlessly integrate with traditional systems.
“What’s Left for Coinbase Without Compliance Dividends?”
Although Coinbase occupies a high position in the regulatory system due to its compliance advantages, it has been experiencing a continuous decline in user experience, with low customer service efficiency, high fees, and a lack of response to ordinary users, leading to widespread dissatisfaction. Data shows that its individual investor activity is far below competitors, and the platform is gradually distancing itself from retail users. Additionally, system bugs, chaotic customer service mechanisms, and frequent security vulnerabilities have damaged user trust. High costs and the official's indifferent attitude further exacerbate user attrition, with Coinbase's development on the path to institutionalization coming at the expense of ordinary users' experience.
“From 'World Computer' to 'Settlement Layer Commodity'? Ethereum's L2 Strategic Self-Rescue Manual”
Ethereum is facing fierce competition from emerging platforms like Solana, with issues such as Layer 2 network fragmentation, declining value capture ability, weakened ecosystem control, and lack of strategic leadership severely affecting its user experience and economic model. As market expectations for Web3 fall short, Ethereum's dominant position is being questioned. To regain competitiveness, Ethereum needs to promote the implementation of L2 interoperability standards, strengthen infrastructure centered around ETH, regain ecosystem control, and respond to challenges with a more decisive, performance-oriented leadership approach to achieve a strategic turnaround from decline to revival.
“Does 'On-Chain Morality' Exist? The Conflict Between Vitalik's Idealism and L1 Free Economy”
Vitalik publicly criticized projects like Pump.fun for lacking moral principles on Farcaster, sparking intense debates within the Ethereum, Solana, and Base communities regarding ethical standards for on-chain applications and technological neutrality. Guests on the program explored whether Vitalik is qualified to make value judgments from dimensions such as product-market fit, on-chain freedom, and governance philosophy, pointing out that the differences behind various public chain ecosystems reflect cultural disparities within the community rather than purely technical issues. Although his remarks have sparked divisions, they also highlight his unwavering commitment to ideals and his position as a spiritual leader who does not cater to the market.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
