Golden Web3.0 Daily | Zhao Changpeng confirms application for Trump pardon

DeFi data

1. Total market value of DeFi tokens: US$99.545 billion

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was US$7.018 billion

Source of transaction volume data from decentralized exchanges in the past 24 hours: coingecko

3. Locked assets in DeFi: US$104.062 billion

DeFi project locked assets ranking and locked positions data source: defilama

NFT data

1.NFT total market value: US$20.234 billion

The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

2.24-hour NFT trading volume: US$ 2.288 billion


The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

Top NFTs within 3.24 hours

NFTs with the top ten sales gains within 24 hours Source: NFTGO

Headlines

Binance founder Zhao Changpeng confirms applying for Trump pardon

According to Cointelegraph, Binance founder Changpeng Zhao (CZ) confirmed in his latest podcast that his lawyer team has submitted an application for pardon to former US President Trump on his behalf. Previously, Bloomberg and the Wall Street Journal reported that CZ was seeking amnesty, but it was denied at the time. CZ said the application for the amnesty was partly inspired by Trump's previous pardon for the founder of BitMEX. In November last year, Zhao Changpeng pleaded guilty to violating the Bank Secrecy Act, paid a fine of $50 million and was sentenced to four months in prison. According to the U.S. Department of Justice, even if the amnesty is obtained, it will not be eliminated, but it may be allowed to re-enter the administrative position at Binance.US.

MEME hot spots

1. The eighth-ranked address of "TRUMP Dinner" is suspected to be cleared. More than 400,000 TRUMPs were transferred to Meteora four days ago

According to the official ranking of "TRUMP Dinner", the current "Top" holding address, currently ranked eighth, has only 0.079 TRUMP token holdings, and it is suspected that it has been cleared (but according to the time weighted ranking of the TRUMP Dinner, this address is still ranked eighth). According to Arkham monitoring data, about four days ago, the address transferred more than 408,000 TRUMP tokens to Meteora through two transactions, with a value of US$4.68 million.

2. Report: Meme and AI projects performed well in April, while DeFi projects were under pressure

According to Bitcoin Suisse data, the crypto asset market showed sector differentiation characteristics in April 2025. The price of AI project Virtuals Protocol rose 207%, becoming one of the most significant assets that month, with a market value of more than $1 billion; Fartcoin and Brett in the Solana ecosystem achieved price increases of 132% and 112% respectively. In the DeFi sector, Uniswap, Celestia and Toncoin recorded price declines of -13%, -15% and -21% respectively. Data shows that among the top 100 crypto assets, 78 assets rose and 22 assets fell. In terms of transaction size, Virtuals and Fartcoin's 30-day trading volumes were US$15.218 billion and US$7.206 billion respectively.

DeFi hotspots

1.Space and Time announced the main network is online

According to Golden Finance, Space and Time published an announcement that the main website was launched.

2. Slow fog releases Pectra upgrade (EIP-7702) security reminder, beware of the risks of cross-chain replay and delegated calls

On May 8, with the official launch of Ethereum Pectra upgrade (EIP-7702), SlowMist has issued a security reminder for users, wallet providers, developers and centralized exchanges. It is recommended that users pay attention to private key protection, cross-chain contract code differences and delegation target risks; wallets should detect delegation chain information and prompt the risk of replay with chain ID 0; developers should avoid using tx.origin as a defense method and ensure that the delegation target contract is compatible with mainstream tokens; CEX needs to track and check deposit transactions to prevent forgery of deposits.

3. The total funding grant of the Ethereum Foundation in Q1 2025 is US$32.647 million

According to the official blog of Ethereum Foundation, the Ethereum Foundation announced the funding allocation in the first quarter of 2025. The total funding allocation in Q1 2025 was US$32.647 million, covering multiple key areas, including community and education, consensus layer, cryptography and zero-knowledge proof, developer tools and experience, execution layer, protocol growth and support, etc.

4. The Sei community is considering deprecating Cosmos native accounts and turning to the EVM architecture in full

According to Golden Finance, according to The Block, Sei blockchain core development team Sei Labs recently proposed the key proposal SIP-3, planning to gradually eliminate existing CosmWasm smart contracts and native Cosmos account functions, and fully move to the Ethereum virtual machine (EVM) architecture. The proposal aims to simplify the network structure and improve performance. In the future, Sei network will only support transactions initiated through EVM addresses, but underlying functions such as verification nodes will still retain Cosmos native technical support. The proposal is in the community discussion stage and will be made through process decisions such as Snapshot voting. If passed, the developer needs to migrate the CosmWasm application to the EVM environment, and the user also needs to transfer the assets to an EVM-compatible wallet.

5. Ethereum developers propose to optimize governance processes

On May 8, Ethereum core developer Tim Beiko released a proposal to improve the Ethereum governance process and focus on optimizing the choice of hard fork "flagship function" (Headliner). Proposals include: clarifying Fork Focus, limiting up to one flagship function per layer, using the "barbell" strategy to strengthen community feedback, formalizing Working Groups, and documenting governance processes. The move aims to increase transparency and decision- making legitimacy while maintaining Ethereum’s community-driven nature.

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