Important information last night this morning (April 22-April 23)
Reprinted from panewslab
04/23/2025·26D
Musk: It's not about quitting DOGE, it's just about reducing time allocation
Musk tweeted that it was not to withdraw from DOGE, but because DOGE (Ministry of Government Efficiency) has been established, time allocation has been reduced. Previous news, Musk expects that the investment in the government's efficiency ministry will be significantly reduced in May, and more time will be invested in Tesla.
Trump: No intention to fire Powell, but the Fed should lower interest rates
According to Cailianshe, US President Trump said the Fed should lower interest rates and he has no intention of firing Fed Chairman Powell. In addition, Trump also expressed his hope that Federal Reserve Chairman Powell would take more active actions on interest rates.
According to Sina News, US President Trump delivered a public speech on Tuesday (April 22) local time. He admitted that the US currently has too high tariffs on Chinese exports and the tax rate is expected to be significantly reduced. This marks a ease in Trump's attitude on his iconic tariff policy. On Tuesday, U.S. Treasury Secretary Bescent also said at a JPMorgan Chase event that the tariff war between China and the United States will cool down soon.
According to on-chain analyst Yuchen, a giant whale that went long through revolving loans borrowed 34.75 million USDT from Aave 2 hours ago and purchased 19,972.8 ETH at an average price of US$1,740. The address last month sold 30,894 ETH stop loss at $1,790 due to ETH decline, losing about $40 million. The current liquidation price of 50,000 ETH after newly leveraged is US$1,586.8.
The three major U.S. stock indexes closed sharply, all rising by more than 2%.
According to Cailianshe, U.S. stocks closed sharply on Tuesday, with the Dow Jones Industrial Average up 2.66%, the Nasdaq rose 2.71%, and the S&P 500 rose 2.51%. European stock markets closed higher across the board, with the German DAX30 index rising 0.41%. International crude oil rose nearly 2%, spot gold fell about 1%, and once stood above $3,500 per ounce during the session.
BTC breaks through $93,000, an intraday increase of 2.50%
According to Ouyi OKX market, BTC has just broken through US$93,000 and is now at US$93,197.10 per coin, an intraday increase of 2.50%.
Cantor to launch a $3 billion crypto joint venture with SoftBank and Tether to invest in Bitcoin
According to FT, three people familiar with the matter revealed that Cantor Fitzgerald, led by Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is working with SoftBank, Tether and Bitfinex to create a multi-billion-dollar Bitcoin acquisition platform. The platform raised $200 million in January and will use the funds to create a new company called 21 Capital, which will receive $3 billion worth of Bitcoin from other investors and companies. Tether will invest $1.5 billion in Bitcoin, while SoftBank and Bitfinex will invest $900 million and $600 million respectively.
New US SEC Chairman: First priority is to provide a solid regulatory foundation for digital assets
According to Watcher.Guru, new US SEC chairman Paul Atkins said his priority is to “provide a solid regulatory foundation for digital assets.”
Chiliz meets with US SEC Cryptocurrency Working Group to discuss plans to return to the US market
According to Cointelegraph, SportsFi's subsidiary Chiliz has met with the US SEC to discuss investing and re-entering the U.S. cryptocurrency market under the crypto-friendly White House, as well as boosting transparency in digital assets regulation. Chiliz "strategically exited" the U.S. market in 2022 due to regulatory uncertainty and FTX collapse. Chiliz plans to return to the U.S. market during the 2026 FIFA World Cup, according to a meeting request released by the Securities and Exchange Commission (SEC). The return will be accompanied by $50 million to $100 million in the U.S. domestic market. Teams in the NBA and NFL allegedly intend to issue fan tokens if regulation is more transparent.
Michael Saylor: New SEC President Positively Looking at Bitcoin
According to Watcher.Guru, Michael Saylor said: "SEC Chairman Paul Atkins will be positive about Bitcoin." Previous news, Paul Atkins was sworn in and replaced Gary Gensler as chairman of the US SEC.
Coinbase will launch tokenbot (CLANKER) on the Base network
According to the official announcement, Coinbase will launch tokenbot (CLANKER) on the Base network. Do not send this asset through other networks, otherwise funds may be lost. Transfers of this asset are open in areas where Coinbase and Coinbase Exchange support transactions. If liquidity conditions are met, the CLANKER-USD pair will be launched in phases at or after 0:00 on April 24, with support in some regions likely to be limited.
US listed company DeFi Dev Corp (formerly Janover) increases its holdings of $11.5 million SOL
According to Globenewswire, US listed company DeFi Development Corporation (formerly Janover Inc.) announced an increase in holdings of 88,164 Solana (SOL), worth about $11.5 million. After this purchase, the company's total Solana holdings increased to 251,842 pieces, worth approximately US$34.4 million (including pledge rewards). It is reported that Janover is an artificial intelligence platform connecting the commercial real estate industry. It announced today that it has been renamed DeFi Development Corporation.
A giant whale once again extracted 1,000 BTC from Binance, and currently holds 19,112 BTC
According to Lookonchain monitoring, a giant whale once again withdraws 1,000 BTC (worth $91.13 million) from Binance and currently holds 19,112 BTC (worth $1.73 billion).
According to monitoring by on-chain analyst @ai_9684xtpa, "the ETH band profit of US$1.411 million since 04.13" once again borrowed coins to short ETH. The address has lent 4,000 ETH from Aave and sold it in batches at an average price of $1,717, worth $6.867 million.
ZKsync developer Matter Labs sued BANKEX for suspected intellectual property theft
According to CoinDesk, the closed digital asset banking platform BANKEX and its foundation alleged in a complaint filed with the New York State Supreme Court on March 19 that former employees Alexandr Vlasov and Petr Korolev had founded Matter Labs by stealing corporate technology. The complaint said that Ethereum co-founder Vitalik Buterin contacted BANKEX in 2017 to commission it to develop operating software for the "Plasma" technology, which was regarded as a solution to reduce the cost of using Ethereum. Vlasov and Korolev, as BANKEX employees, were assigned by CEO Igor Khmel to lead the project. However, the two were accused of secretly establishing a competitive company, Matter Labs, with the intention of "investigating BANKEX's blockchain technology to make profits through the company's invasion of BANKEX's blockchain technology and directly compete with BANKEX." The complaint further argued that the two used BANKEX resources and funds to transfer technical secrets to Matter Labs and developed a stored operation code base. According to LinkedIn information, Vlasov is currently the head of R&D of Matter Labs, while Korolev is the founder of OXORIO, a blockchain security company. Also prosecuted were Matter Labs co-founder Alex Gluchowski, crypto-native investment fund Dragonfly, and Chris Burniske, a partner at Placeholder Capital and former co-director of Matter Labs, alleging that he was suspected of being involved or knowledgeable about theft. A Matter Labs spokesman said the allegation was "founded" and that ZKsync is an original technology and has nothing to do with any code developed by BANKEX.
A giant whale sold 15,000 ETH on the chain and exchanged it for 24.905 million USDT
According to on-chain analyst Ember Monitor, after ETH rose, a whale sold 15,000 ETH on the chain in the past 15 minutes to exchange for 24.905 million USDT, with an average selling price of US$1,660.
Cryptocurrency stocks surge, Coinbase stocks rise 7%
According to Jinshi, the three major U.S. stock indexes all rose by more than 2%. Cryptocurrency stocks rose sharply, with Coinbase (COIN.O) rising 7%, Hut 8 rising 8%, and Canaan Technology (CAN.O) rising 6%.
A giant whale bought 4 million Fartcoin tokens and 3.5 million US dollars of TRUMP tokens
According to LeadTradingPro monitoring, a giant whale just spent $4 million to buy 3.7 million Fartcoin at an average price of $1.08, and another $3.5 million to buy 392,000 TRUMP at an average price of $9.
Standard Chartered's Geoff Kendrick pointed out in a report that if market concerns about Fed independence persist, Bitcoin could rise to an all-time high. He said that because Bitcoin adopts decentralized ledger technology, the cryptocurrency is a hedging tool for risks to the existing financial system. Currently, U.S. Treasury bonds are at risk after U.S. President Donald Trump hinted that it might replace Fed Chairman Jerome Powell because he hopes to cut interest rates. Bitcoin benefits from the yield premium required by investors to buy long-term Treasury bonds has risen sharply compared to short-term Treasury bonds. Bitcoin rose to a six-week high of $90,459, according to London Stock Exchange Group (LSEG). Standard Chartered Bank expects Bitcoin to rise to $200,000 by the end of 2025.
Interoperability project Analog completes a new round of financing of US$15 million
According to CoinDesk, Analog, a blockchain project that unified liquidity across multiple networks, announced that it has raised $15 million through token sales, and digital asset financing company Bolts Capital has completed token purchases, bringing Analog's total support to $36 million. Analog plans to use the funds to develop interoperability tools such as Omnichain Analog Token Standard (OATS), which supports the transfer of replaceable and irreplaceable assets across blockchains. Also in preparation is Firestarter, a real-world asset (RWA) market for tokenizing real estate, collectibles and revenue-generating items.
According to King Shi, Bernstein believes that although short-term volatility remains, the outlook for digital assets remains optimistic, and points out the five structural catalysts that support Bitcoin’s resilience and future upward potential. Analyst Gautam Chhugani said in the report: "The macro environment is good for gold, and therefore also for digital gold (Bitcoin)." He emphasized that Bitcoin has higher beta values and "upside room" compared to gold. In addition, the Trump administration's regulatory attitude towards cryptocurrencies tends to support, especially in the context of increasingly converging digital asset industry and political interests. Bernstein listed five key catalysts: ① Continuous buying of Bitcoin, the capital base is more resilient: strong institutional demand, limited outflow of Bitcoin ETF funds, and the selling pressure in April eased, and nearly 80 companies have included Bitcoin, such as MicroStrategy, for example, continue to buy. ② New purchase plan for Strategic Bitcoin Reserves (SBR): The U.S. government is expected to expand its Bitcoin holdings and is considering revaluation of gold certificates or issuance of Bitcoin to support bond financing. ③Mainstream banks accept cryptocurrencies: Driven by regulatory and institutional interests, cryptocurrencies return to the mainstream financial system, banks explore stablecoins for cross-border settlement, and expand to crypto custody and other businesses. ④ Progress in stablecoin regulation: The key regulation this year is the passage of the Stable Coin Act. It is expected that banks and fintech companies will widely adopt stablecoin technology for scenarios such as remittances and B2B payments. ⑤ Promotion from asset management companies and brokers: Global financial institutions invest in crypto infrastructure, brokers and asset management companies vigorously promote crypto businesses, such as Robinhood and Coinbase, leading to innovation in tokenized securities and stablecoin settlements.
The address of the three giant whales extracted a total of US$14.27 million worth of SOL from CEX
According to Onchain Lens monitoring, giant whales are accumulating SOLs and pledging them. They found that the following three giant whales have withdrawn a total of US$14.27 million worth of SOLs from CEX. Wallet 1: A newly built wallet extracted 44,116 SOLs (worth $6.14 million) from Binance and used them for staking. Wallet 2: A giant whale wallet withdraws 20,001 SOLs (worth $2.85 million) from Binance and uses it for pledge, with a total pledge of 45,000 SOLs (worth $6.4 million). Wallet 3: A newly created wallet withdraws 37,688 SOLs (worth $5.28 million) from the exchange.
Bitcoin hits seven-week highs, crypto-related stocks rise
According to Jinshi data, Bitcoin hit a seven-week high and crypto-related stocks rose. Coinbase Global rose 3.8%, while Bitfarms rose 5.2%. Riot Platforms rose 7.2%, Hut 8 rose 6.9%, and Mara Holdings rose 7.3%. ProShares Bitcoin Strategy ETF rose 2.7%, while Ishares Bitcoin Trust rose 2.8%.
DeFi project R0AR was stolen about $780,000 due to the contract backdoor
Web3 security company GoPlus said on the X platform that on April 16, the DeFi project R0AR (@th3r0ar) on Ethereum was stolen about $780,000 due to the contract backdoor. The project party released an incident report today (the report stated that the funds have been recovered, but the address and transaction hash have not been disclosed yet). This is a typical contract backdoor event. Users are reminded to be careful of backdoor contracts (0xBD2Cd7) and do not interact with the contract in any way. The contract (R0ARStaking) has a backdoor when deploying, and the malicious address (0x8149f) has a large amount of $1R0R built in to be extracted from the beginning. The malicious address first performs small deposit() and harmest(), and prepares for the execution of malicious EmergencyWithdraw(). According to the code logic in the contract (as shown in the figure below), because rewardAmount>r0arTokenBalance (contract balance), rewardAmount is assigned as the token balance in the contract, and then all tokens in the contract are transferred to the malicious address (0x8149f). Similarly, all lpTokens in the LP Token contract are also transferred to the malicious address. Finally, set userInfo.amount to 0. The userInfo in the contract is a Mapping structure, and its address is a dynamic address calculated by the userInfo's key(uid and msg.sender) Hash. From this, it is inferred that this backdoor was calculated using a malicious address before the contract was deployed.
Arch Labs completes $13 million Series A funding, led by Pantera Capital
According to Chainwire, Bitcoin infrastructure company Arch Labs completed a $13 million Series A financing with a valuation of $200 million. This round of financing was led by Pantera Capital, and other strategic investors were also involved. This funding will accelerate the development and release of ArchVM, which enables fast, secure and fully verifiable smart contract capabilities on Bitcoin. According to reports, Arch Labs is a software development company and a core contributor to Arch Network. Arch Network is a bridgeless execution platform that enables smart contract-like functionality on Bitcoin. Previously, Arch Labs raised $7 million, led by Multicoin Capital.
According to CoinDesk, people familiar with the matter revealed that Dutch Bank ING is developing a stablecoin that hopes to take advantage of new European cryptocurrency regulations that came into effect last year. ING's stablecoin project may take the form of an alliance involving other banks and crypto service providers. "ING is working with several other banks to develop a stablecoin project. The project is slow because several banks require board approval to form a joint venture entity," a source said.
According to CoinDesk, DAO infrastructure provider Tally completed a $8 million Series A funding round aimed at expanding its governance technology to more crypto-native decentralized autonomous organizations (DAOs). This round of financing was led by AppWorks and Blockchain Capital, and BitGo and other companies participated. According to reports, Tally's most famous product is the Tally protocol, which supports infrastructure and helps leading protocols to effectively manage its DAOs, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol and Hyperlane. Originally a DAO governance tool, the platform has evolved into the most extensive software stack adopted by organizations on the Ethereum and Solana blockchains. Tally previously raised $7.5 million through two rounds of financing in 2021.
According to Bloomberg, Trump's sons co-founded a new company, American Bitcoin, and merged it with publicly listed mining company Hut 8 Corp., led by CEO Asher Genoot and Chief Strategy Officer Michael Ho. Two executives joined the current team through Hut 8 in 2023. It is worth noting that early US Bitcoin investors Mark Groussman and John Stetson reached a settlement with the US SEC in 2018 on securities fraud charges, with the amount involved in the case exceeding US$27 million. When asked about the relationship between current CEOs Genoot and Ho and investors suspected of stock price gouging operations, a Hut 8 spokesperson said: "These people were involved in the digital currency field many years ago. They are only a small number of investors who invest in Genoot and Ho startups. Investors involved in the SEC case have never held leadership positions or have management rights in these companies." Previous news, American Bitcoin, a crypto mining company supported by the Trump family, plans to go public and seek more private equity financing.
According to Globenewswire, Trump Media Technology Group (DJT.O), has signed a binding agreement with cryptocurrency trading platform Crypto.com and asset management company Yorkville America Digital, planning to launch a series of ETFs through the Truth.Fi brand. The agreement was concluded after a non-binding agreement signed by companies in March this year. Law firm Davis Polk & Wardwell LLP will provide consulting services for all parties in product development and launch. These ETFs will be provided through Foris Capital US LLC, a broker-dealer of Crypto.com, and are expected to include digital assets and securities that feature “Made in the United States” that covers diversified industries such as energy. After obtaining regulatory approval, the funds are expected to be launched later this year and will be widely available in international markets including the United States, Europe and Asia, covering existing platforms and brokers. These ETF plans will be launched along with a range of Truth.Fi independent management accounts (SMAs). TMTG plans to invest in these ETFs and SMAs through its own cash reserves, part of TMTG's Financial Services and FinTech strategy, which will use up to $250 million in funding custodial by Charles Schwab.
Binance will launch HYPER 1-75 times U-standard perpetual contract
According to the official announcement, Binance will launch a HYPER 1-75 times U standard perpetual contract on April 22, 2025 (East Eighth District time). In addition, Binance Financial Management, one-click buying coins, flash exchange trading platform, and leverage will be launched on Hyperlane (HYPER).
Hyperlane: HYPER is now open to collect and will be closed on May 22
The Hyperlane Foundation announced on the X platform that HYPER is now open to be collected and users need to receive it before 21:00 on May 22, Beijing time.
Immutable President Robbie Ferguson posted on the X platform that tomorrow will announce the results of a multi-billion-dollar cooperation that has been prepared for more than two years.
Coinbase confirms it is considering applying for a US federal bank license
Coinbase confirmed it is considering applying for a US federal bank license, according to Cointelegraph. A Coinbase spokesperson said the company is actively considering this option but has not made any formal decisions yet. Previous news, the Wall Street Journal reported that many crypto companies such as Circle and BitGo plan to apply for bank licenses, and Coinbase Global and stablecoin company Paxos are also considering similar measures.
According to monitoring by on-chain analyst @ai_9684xtpa, Hyperlane has only minted 44 million tokens for Binance activities on the BSC network, and the remaining tokens will be circulated on the Ethereum main network (the main network has minted 758 million tokens). After the two sides are combined, the initial total is 802 million. Therefore, the current BSC network market value of US$10.16 million cannot be used as a reference for the actual circulation market value.
Binance Alpha will launch DOLO and airdrop 260 tokens to meet the requirements
According to official news, Binance Alpha will launch Dolomite (DOLO), and the transaction is expected to start on April 24, Beijing time, and the specific time is to be determined. Eligible Binance users will receive 260 DOLO airdrops in their Alpha account 10 minutes after the transaction starts. Eligible users must maintain an average daily asset on Binance Exchange and wallets from 00:00 on April 15, 2025 to 23:59 on April 21 (UTC), and the cumulative amount of Alpha purchased on Binance Exchange is not less than US$100.
According to Onchain Lens monitoring, in the past 20 hours, a giant whale deposited 8.61 million USDC into HyperLiquid and opened a position with 20 times leverage to long Bitcoin. In addition, the giant whale also spent 4.72 million USDC to buy 54.27 BTC in the spot market at an average price of US$87,102.
Binance Alpha adds Hyperlane (HYPER)
According to official news, Binance Alpha has added Hyperlane (HYPER).
BlackRock and Strategy hold more BTC than Satoshi Nakamoto
According to Protos, BlackRock's flagship spot Bitcoin ETF currently holds 573,187 bitcoins, while Strategy (formerly MicroStrategy) holds 538,200 bitcoins. Their total holdings of 1,111,387 bitcoins exceeds the number that is rumored to belong to Satoshi Nakamoto. Arkham Intelligence estimates that Satoshi Nakamoto holds about 1,096,000 bitcoins, while others are generally estimated to be up to 1.1 million bitcoins.
Binance Alpha adds SKYAI, TROLL and Wizard
According to official news, Binance Alpha has added SKYAI (SKYAI), TROLL (TROLL) and Wizard Gang (Wizard).
Fartcoin's market value exceeds $1 billion, surpassing Bonk
According to Cointelegraph data, Fartcoin's market value has surpassed Bonk. Currently, the market value of Fartcoin tokens is US$1.01 billion, and the market value of BONK tokens is approximately US$986 million.
Polygon NFT sales surpassed Ethereum NFT in the past week, or may be driven by RWA market Courtyard
According to Cointelegraph, CryptoSlam data shows that Polygon NFT sales surpassed Ethereum, with sales reaching $22.3 million in the past week, ranking first in digital collectibles sales. That accounted for 24% of the total NFT sales of $92.9 million last week. The network also exceeded 39,000 NFT buyers that week, an increase of 81% from the previous week. Ethereum ranked second in sales, with NFT sales of $19.2 million that week. Mythos Chain followed closely with sales of $14.3 million, while the Bitcoin-based collection ranked fourth with $14.1 million in sales. CryptoSlam data shows that increased Courtyard NFT sales have driven a surge in Polygon NFT. The series sold $20.7 million, surpassing the performance of other popular NFT projects that week. Courtyard is an RWA market for rated physical cards, including Pokémon cards, basketball cards and baseball cards that are popular among collectors.
ECB warns: U.S. push for crypto policies may bring risks of financial crisis
According to Cointelegraph, the European Central Bank (ECB) warned about the possible consequences of U.S. aggressive support for the cryptocurrency industry, saying that a surge in dollar stablecoins could undermine the stability of the European financial system. According to a policy document obtained by POLITICO, the ECB requested revisions to the Crypto Asset Market Regulation (MiCA) just months after the regulatory framework took effect. At the heart of the controversy is that US reforms backed by President Trump may flood European markets with dollar-denominated stablecoins. The ECB is concerned that this could trigger European capital flows to U.S. assets, weaken EU financial sovereignty and put banks at liquidity risks. The ECB warned that without stricter restrictions, European issuers could face redemption pressure from EU and foreign holders, which could trigger a financial "run" and harm relevant institutions. Mikko Ohtamaa, co-founder and CEO of Trading Strategy, said the concern makes sense, however, the EU has a first-mover advantage in regulation, but they screwed up; because MiCA's restrictive rules are affected by banks and traditional financial lobbying, no EU stablecoin is globally competitive.
BTC/Nasdaq ratio reaches 4.96, close to historical highs
According to CoinDesk, the current BTC/Nasdaq ratio is 4.96, close to an all-time high. The ratio previously hit a record of 5.08 in January 2025, when Bitcoin hit an all-time high. Historically, this ratio has hit a new high in every market cycle, highlighting Bitcoin's excellent performance over Nasdaq. Bitcoin and U.S. technology stocks are increasingly differentiating. From the beginning of the year to date, Bitcoin has fallen 6%, while Nasdaq has fallen 15%. Since Trump was elected in November 2024, Bitcoin has risen 30%, while Nasdaq has fallen 12%. Compared with the "Big Seven" technology stocks, Bitcoin is still about 20% lower than its high in February this year, but top technology stocks still perform better than the Nasdaq Composite Index. As a representative of Bitcoin exposure, MicroStrategy (MSTR) also outperforms U.S. technology stocks. Since joining the QQQ ETF, MSTR has fallen 11%, while the ETF has fallen more than 16%. The differentiation in 2025 is more obvious: MSTR has risen by 6% year-on-year, and QQQ has fallen by 15%.
Astra Fintech sets up $100 million fund to support Solana's development in Asia
Astra Fintech, a global blockchain payment provider, announced that it has set up a $100 million fund to support the development of the Solana ecosystem in Asia, Cointelegraph reported. Through the fund, Astra Fintech plans to invest funds to accelerate the development of related projects and establish partnerships with developers, companies and regulators. The fund's operating base will be located in South Korea. The fund will focus on projects and developers working on PayFi solutions, i.e. a range of systems that leverage blockchain technology to facilitate payments.
