PA Daily | Strategy releases Q1 financial report and plans to raise another $21 billion to buy Bitcoin; crypto venture capital firm dao5 completes fundraising for US$222 million in the second phase of fund
転載元： panewslab
05/02/2025·18DToday's news tips:
1. Meitu founder Cai Wensheng bought Tianhou Commercial Building for about HK$650 million and will build an AI-Web3 Entrepreneurship Center
2. Source: U.S. House of Representatives will announce draft cryptocurrency regulation before the May 6 hearing
3. Binance Alpha adds Housecoin (House) and XAI gork (gork)
4.Tether released Q1 report: U.S. Treasury holdings are close to $120 billion, and traditional investment operating profit exceeds $1 billion
5.Strategy released its Q1 financial report, and its revenue and profit did not meet expectations
6.Movement: Lianchuang Rushi Manche has been suspended
7. The top 5 TRUMP dinner list of giant whales transferred 126,000 TRUMPs to Bybit 11 hours ago. If sold, they will make a profit of US$420,000.
8. Crypto venture capital firm dao5 completed fundraising of US$222 million in the second phase of fund
Regulatory/Macro
Market News: Schwab CEO says it will conduct spot cryptocurrency trading within 12 months
According to market news, Schwab Financial CEO said it will conduct spot cryptocurrency trading within 12 months.
Trump-related NexusOne has begun operations to influence U.S. AI and AI policies
NexusOne Consulting, a new government relations consulting firm composed of former government officials, has begun operations in Washington, D.C. to help cryptocurrency and artificial intelligence companies shape U.S. policy. The company is led by Jeff Ifrah, a white-collar defense attorney, Jim Trusty, a former administration attorney who once represented the Trump administration, and Ross Branson, who served in the Commerce Department during Trump's first presidency. In a press release, Ifrah said this is a rare opportunity to shape the future of science and technology policies, and companies must ensure that innovators not only respond to policies passively, but also actively influence policies.
Trump once expressed his desire to build the United States into the "world's cryptocurrency capital" and has begun to establish strategic Bitcoin reserves. NexusOne Consulting, located directly opposite the White House, claims to be a bridge between the private sector and the government, plans to lobby for companies exploring the cutting edge of artificial intelligence, cryptocurrency and social platforms.
According to the Hong Kong Business Daily, Meitu founder Tsai Wensheng bought the entire Tianhou Commercial Building for about HK$650 million. The target of the transaction is the Ginza-style commercial building "Henghuan Tianhou" of Tianhou Road. The property was completed in 2020. It has a 25-story height (down to 24th floor), a single floor area of about 2,041 square feet, and a total floor area of about 53,000 square feet.
Cai Wensheng posted on social media that he plans to build the building into an AI-Web3 Entrepreneurship Center: an AI-themed cafe (similar to the garage coffee model) will be set up on the 1st to 2nd floors, with AI technology lecture space. Some floors are set as AI-Space shared office areas, which are free for Hong Kong entrepreneurs to apply for. The remaining floors are planned as studios in the fields of AI and Web3.
House Financial Services Committee Chairman French Hill and others are expected to release a draft regulation on cryptocurrencies ahead of a hearing on May 6 (local time), people familiar with the matter said. The hearing will be held at 10 a.m. ET on the 6th with the theme of “The Future of American Innovation and Cryptocurrency: A Blueprint for the 21st Century.” The long-awaited legislation is expected to be focused on defining the U.S. crypto market structure. The draft is expected to be similar to the 21st Century Financial Innovation and Technology Act (FIT 21) passed by the House of Representatives last year. A staff member of the House Agriculture Committee also confirmed that the draft text will be released before the hearing.
Committees in the House and Senate have advanced a stablecoin-focused bill, and legislation that regulates the entire cryptocurrency industry is seen as the next step. President Donald Trump said he hoped to see a stablecoin bill August 2018, but some said the bills could be related.
Digital asset derivatives company Two Prime: No longer accepts ETH lending, only focusing on BTC
Digital asset derivatives company Two Prime has issued an announcement stating that despite its success on ETH, it will focus on BTC asset management and lending in the future. ETH's statistical trading behavior, value propositions, and community culture have failed to the point where it is not worth participating. With BTC becoming an alternative, the risk-reward of ETH is simply unreasonable.
Two Prime claims that as an algorithmic trading company, it values data more than narrative. Data shows that ETH has undergone fundamental changes. Its correlation with BTC has been reduced and the tail risk has increased significantly. Now, its trading style is more like a meme coin than a predictable asset. Even during the turbulent period of the first quarter of 2025, Bitcoin maintained its fundamentals, while ETH experienced multiple volatility in multiple standard deviations. This stems from the risk-haven environment and the widespread sell-off by long-term ETH holders. This brings trouble to both algorithmic trading and ETH-backed lending, because the asset's performance is no longer predictable even considering the high volatility expectations in the digital asset market.
Two Prime Lending has become the world's second largest BTC and ETH mortgage lender in the past 15 months, with more than $1.5 billion in loans, according to Two Prime. The company has been trading and lending on these two assets because they are the only two assets with strong enough liquidity to be involved in the institutions.
According to the official announcement, Japanese listed company Metaplanet will issue 3.6 billion yen (about 24.69 million US dollars) zero-interest ordinary bonds to purchase Bitcoin.
Project News
Binance Alpha adds Housecoin (House) and XAI gork (gork)
According to the official page information, Binance Alpha has added Housecoin (House) and XAI gork (gork).
21Shares has submitted the S-1 registration form for SUI ETF to the US SEC
Swiss asset management company 21Shares has filed the S-1 registration form for the SUI ETF with the U.S. Securities and Exchange Commission (SEC). "Since we first looked at Sui, we have believed it can be one of the most exciting blockchains in the industry, and we are witnessing the realization of this assertion," said Duncan Moir, president of 21Shares.
According to The Block, Canary Capital filed an S-1 registration statement with the U.S. Securities and Exchange Commission late Wednesday, planning to manage the product that could become the first spot SEI ETF in the United States, and the fund contains pledge elements. The proposed fund aims to provide investors with direct access to the SEI price of the native cryptocurrency of Sei network, and assets will be escrowed by BitGo and Coinbase. The trust plans to pledge some assets through one or more infrastructure providers, which may bring additional benefits to investors. In addition, the fund will handle the creation and redemption of shares in cash, similar to the existing spot Bitcoin and Ethereum ETF structure in the United States.
Online learning provider Classover Holdings, Inc. (Nasdaq: KIDZ, KIDZW) announced that it has entered into an equity subscription agreement with Solana Strategies Holdings LLC. Under the agreement, the company will sell up to $400 million in Class B common stock. The proceeds from the equity subscription will be used to support the company's Solana-centric digital asset reserve strategy, as well as for working capital and strategic acquisitions. Under this move, if certain restrictions are met, Classover will allocate a significant portion of the proceeds from the sale of any shares through the agreement to purchase, hold and pledge SOL tokens, which makes it one of the first listed companies to directly incorporate SOL into its core reserve business. In addition, the company also plans to operate SOL verification nodes to help the network decentralization and security, while earning on-chain staking rewards.
Privacy-focused Layer-2 Rollup protocol Aztec announces test network online
According to CoinDesk, Aztec, a privacy-focused Layer-2 Rollup protocol, announced the launch of the test network, which uses protocol-level encryption technology to allow users to store privacy data on the blockchain in encrypted form. The project team said they have been working on the product for more than 8 years, pushing this cutting-edge technology further to the mainnet. Co-founder Zac Williamson said that unlike regular ZK Rollup, Aztec prioritizes privacy rather than scalability, and a single transaction requires more on-chain resources.
Previously in 2022, Aztec Network completed a US$100 million Series B financing, led by a16z .
Sky's core governance design team Atlas Axis submitted a proposal that will complete the agreement's upgrade from MKR to SKY if it is approved. This transformation will make SKY the exclusive governance token and enable the staking feature to unlock USDS rewards for SKY holders. Sky co-founder Rune Christensen called it a "huge milestone" and believes the proposal could help Sky achieve a zero-fixed cost transformation by the end of 2025. If the proposal is approved or activated within a few weeks, SKY will inherit the voting rights of MKR. Existing MKR holders can upgrade to SKY at a fixed exchange rate of 1:24,000, and can also vote on governance proposals or entrust others. Starting from September 18, MKR will face a 1% penalty for transferring to SKY, and will increase by 1% every three months thereafter. The initial SKY pledge vault will disable the liquidation function and will be restored later. Governance permissions will be moved to the new contract, with the transition completed from May 15 to 19 (depending on on-chain voting).
Tether released the first quarter of 2025 forensic report issued by BDO today, confirming the accuracy of its financial data and reserves report (FFRR) and disclosing assets as of March 31. The report shows that Tether's total exposure to U.S. Treasury bonds is nearly $120 billion (including indirect holdings), a record high. Traditional investment operating profit exceeded US$1 billion in the quarter, mainly benefiting from the performance of the US Treasury portfolio, and gold earnings partially offset the volatility of the cryptocurrency market. The excess reserves reached US$5.6 billion, reflecting its liquidity management capabilities. In terms of operations, USDT's circulation supply increased by about US$7 billion, and the number of user wallets increased by 46 million, an increase of 13% month-on-month. In addition, Tether invested more than US$2 billion in renewable energy, artificial intelligence and other fields through Tether Investments. Management emphasized that such investments are not included in stablecoin reserves, but are aimed at promoting a sustainable digital economy. As of March 31, the Tether token issuing company had total assets of approximately US$149.275 billion and total liabilities of approximately US$143.683 billion, with assets exceeding comprehensive liabilities.
Tether's latest proof says the company holds more than $7.6 billion worth of Bitcoin
According to Bitcoin News, Tether's latest proof says the company holds more than $7.6 billion worth of Bitcoin.
The market value of boop.fun platform coin BOOP exceeds US$500 million in a short period of time
GMGN market data shows that the market value of the Meme currency launch platform boop.fun platform currency BOOP on Solana has exceeded US$500 million in a short period of time, and is now at US$380 million, with a transaction volume of US$63.9 million in one and a half hours of online trading. It is reported that boop.fun is a Meme coin startup platform founded by NFT giant whale Dingaling.
Coinbase to suspend MOVE transactions on May 16
According to the official announcement, Coinbase will suspend Movement (MOVE) token trading at around 2 a.m. on May 16 (UTC+8). It has now adjusted the MOVE order book to a limit mode. Users can place orders and withdraw orders, and orders may be matched and completed.
Strategy released Q1 financial report, with revenue and profit not meeting expectations
Strategy released its first-quarter financial report, with revenue and profit not meeting expectations. Operating expenditure reached US$6 billion in the first quarter, an increase of more than 1,100% year-on-year. This is largely due to unrealized losses in holding $5.91 billion worth of Bitcoin after spending about $7.66 billion in the first quarter.
Net loss in the first quarter was $4.2 billion, or $16.49 per diluted share. Analysts expect a loss of $0.11 per share. The company's total revenue was US$111.1 million, about 5% lower than the general market expectations and 3.6% lower than the same period last year. Subscription service revenue grew 61% to $37.1 million. Strategy holds $60.3 million in cash and cash equivalents, holds 553,555 Bitcoins, with a market value of approximately $52 billion, and a 13.7% return on Bitcoin from the beginning of the year to date. In addition, Strategy announced a new round of $21 billion in common stock ATM financing plans. The company also raised its full-year BTC yield target from 15% to 25%, and increased its BTC earnings forecast from $10 billion to $15 billion.
Kraken's Q1 revenue reached US$472 million, up 19% year-on-year
According to The block, Kraken's revenue jumped to $472 million in the first quarter of 2025, an increase of 19% from the same period last year, mainly due to the surge in market volatility in the first quarter (the first 100 days of President Trump's second term). The company's adjusted EBITA (EBITA) rose 17% year-on-year to US$187.4 million, while the total exchange trading volume increased by 29% during the same period.
Movement: Rushi Manche, Lianchuang, has been suspended
Movement tweeted that it has confirmed that co-founder Rushi Manche has been suspended by Movement Labs. This decision is based on the current events, and Groom Lake is still conducting a third-party review of organizational governance and recent incidents involving market makers.
Previous news , several sources revealed that Movement Labs co-founder Rushi Manche has temporarily left the company and its return date is not yet determined.
Binance Contract to launch SXTUSDT perpetual contract trading
According to the official announcement, the Binance Contract Platform will launch pre-market trading of SXTUSDT perpetual contracts at 16:30 on May 2 (East Eighth District time), with a maximum leverage of up to 5 times.
Important data
According to the monitoring of the on-link analyst @ai_9684xtpa, the top 5 giant whales on the TRUMP dinner list recharged all 126,000 TRUMPs into Bybit 11 hours ago, worth $1.65 million; the price was proposed at US$9.71, and the recharge price was US$13.02, and if sold, it would make a profit of US$420,000.
A whale transferred 3,000 ETH to Kraken, and the wallet currently holds 2,000 ETH
According to The Data Nerd monitoring, 10 minutes ago, whale user 0xaDd topped up 3,000 ETH (worth $5.53 million) to Kraken. These ETHs were purchased during the ICO and had been idle for 3 years before recharge. Currently, the whale has 2,000 ETH (about 3.69 million US dollars) in its wallet.
Financing
According to Fortune Magazine, blockchain finance company Dinari announced a $12.7 million Series A financing round, led by Hack VC and Blockchange Ventures, with VanEck Ventures, F-Prime and Avalanche Fund participating. The company's total financing amount has reached US$22.65 million and is valued at US$40.15 million in 2024. According to Pitchbook data, Dinari is valued at $40.15 million in 2024. The current valuation is not clear, but the company said it has achieved profitability, but refused to disclose the specific amount.
Dinari focuses on providing US stock investment services to overseas investors, issuing tokens representing US stock ownership through blockchain technology. Its API services have been connected to multiple financial technology platforms, and users can purchase tokens corresponding to stocks of Apple and other companies. Dinari will directly purchase and hold corresponding stocks in the US stock market to ensure 100% asset endorsement.
Listed logistics company announces Freight gets up to $20 million in financing to buy TRUMP tokens
Logistics management innovation company Freight Technologies, Inc. (Nasdaq:FRGT) announced that it has reached a convertible notes issuance agreement with an institutional investor signed on April 29, 2025 through which the company can obtain up to $20 million in funding. The funds from this financing will be used specifically to purchase the official Trump official token TRUMP, which makes Fr8Tech the first listed companies to make TRUMP one of its digital asset strategy.
According to this financing arrangement, the company plans to issue notes with a total principal of US$1 million in the first period as the first period, and additional funds can be withdrawn according to specific conditions. Following the recent acquisition of FET tokens (current valuation of approximately $8 million as of April 29, 2025), the transaction to purchase the official Trump token further promotes Fr8Tech's strategy to build diversified digital asset reserves.
Crypto venture capital firm dao5 completes fundraising for US$222 million
According to Fortune, crypto venture capital firm dao5 announced that it had completed the second phase of fundraising of US$222 million, with the main investors being family offices and high net worth individuals. The institution was founded in 2022 by Tekin Salimi, former Polychain investment partner and corporate lawyer. Its first US$125 million fund has been invested in Berachain, Bittensor and other projects. Currently, DPI (paid-in return on capital) has reached 1 times. The new fund will focus on the application direction of institutions such as stablecoins and asset tokenization, and plans to invest in 15-20 early-stage projects. Salimi has participated in investment in major crypto projects such as Avalanche, and its first fund LP and angel investor George Lambeth will be promoted to general partner.
Public DeFi Development Corp will receive $24 million in private equity financing to buy more SOLs
Nasdaq-listed company DeFi Development Corp (formerly real estate software company Janover) announced that it will receive US$24 million in PIPE investment (private equity financing), which will be used to increase its holdings in Solana (SOL) and daily operations. Investors in this round include Galaxy Digital, Amber International Holding Limited, Arrington Capital, Republic Digital, Borderless Capital, RK Capital and Great Point Capital. The company sold 310,000 common shares and 215,000 pre-financing warrants at $46 per share. As of May 1, the company held 317,273 SOLs (worth approximately US$46.2 million) and earned profits through collateral with Kraken.
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