Daily| Hut 8 Mining and Trump's second son announce the establishment of American Bitcoin company American Bitcoin; NFT trading platform X2Y2 will cease operations on April 30

Compiled by: Jerry, ChainCatcher

Important information:

• Musk says US government has no plans to use Dogecoin
• FTX will start using $11.4 billion in cash reserves to repay key creditors on May 30
• Binance will launch FUNUSDT and MLNUSDT perpetual contracts
• Hut 8 Mining and Trump's second son announce the establishment of American Bitcoin
• NFT trading platform X2Y2 will cease operations on April 30
• 47 countries around the world relax or simplify regulation of cryptocurrencies since 2020

“What important events have happened in the past 24 hours”

Musk says US government has no plans to use Dogecoin

At a town hall meeting hosted by his U.S. Political Action Commission in Green Bay, Wisconsin, Musk distinguished the Department of Efficiency (DOGE) from Dogecoin cryptocurrency. “As far as I know, the government has no plans to use Dogecoin or other currencies,” he said. “They have similar names, but in reality, we just want to make the government more efficient by 15%.

FTX will start using $11.4 billion in cash reserves to repay key creditors on May 30

Cointelegraph issued a statement saying that FTX will use $11.4 billion in cash reserves to repay major creditors on May 30. Small creditors have begun to receive payments.

Binance will launch FUNUSDT and MLNUSDT perpetual contracts

According to the official announcement, Binance Contract will launch the FUNUSDT perpetual contract at 8:30 (UTC) on March 31, 2025, and the MLNUSDT perpetual contract at 8:45 (UTC), both supporting 50 times leverage.

Hut 8 Mining and Trump 's second son announce the establishment of American Bitcoin

Hut 8 Mining and Eric Trump, the second son of U.S. President Trump, announced the establishment of American Bitcoin, aiming to set new standards for Bitcoin mining.

NFT trading platform X2Y2 will cease operations on April 30

NFT trading platform X2Y2 posted on social platforms that after three years of glory and a trading volume of US$5.6 billion, X2Y2 will officially close as an NFT market on April 30, 2025.

The X2Y2 contract will remain active, but the platform itself will cease operations. X2Y2 CEO said, “NFT transaction volume has shrunk by 90% since its peak. The life and death of a market platform depends on the network effect. After three years of hard work to be the first, it’s time to let go and create something more lasting. But it’s not a farewell—it’s a transformation. Over the past year, we’ve delved into the AI ​​field and looked at how it can cross-integrate with crypto in a completely new and powerful way.

We are creating something completely new: delivering benefits in a decentralized way, powered by AI. It is decentralized and innovative, aiming to create value in a cycle – not just chasing trends. The X2Y2 token is closely related to our NFT vision, and I won’t whitewash the reality – this change may affect its price. But I believe our next chapter will create something more valuable in the long run. ”

47 countries around the world relax or simplify regulation of cryptocurrencies since 2020

According to Cointelegraph, 47 countries around the world have relaxed or simplified regulation of cryptocurrencies since 2020, while 4 countries have tightened restrictions and even banned cryptocurrencies and mining altogether.

“What are some great articles worth reading in the past 24 hours”

Record of alienation in the currency circle: cycle is fate, and bubbles are also prelude

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KOLs that can really make a lot of money have never been the ones who wanted to make money from the beginning.

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Meme Popular List

According to the market data of Meme token tracking and analysis platform GMGN , as of March 31, 19:50:

The top five popular Ethereum tokens in the past 24h are: Superjudge, COCORO, GROK, TBA, TKX

The top five popular tokens in the past 24h are: PIPE, PEPEAI, REVS, Q2, PIKA

The top five popular tokens in the past 24h Base are: GRK, GAPE, SKITTEN, VIRTUAL, LORDY