Important information last night this morning (March 31-April 1)
Reprinted from panewslab
04/01/2025·1M
Musk plans to resign from the U.S. Department of Efficiency (DOGE) at the end of May
According to Xiaoxiang Morning News, Elon Musk plans to resign from the U.S. Department of Efficiency (DOGE) at the end of May. In an interview with Fox News, Musk said he was confident that he would complete the goal of cutting the $1 trillion federal deficit before leaving. It also stressed that the government is inefficient, there is a lot of waste and fraud, and that it is confident that it will reduce spending by 15% without affecting critical services. In addition, Musk expressed doubts about the unusually rich wealth of members of Congress. He noted that many members of Congress earn only $200,000 a year but own up to $20 million in property, questioning how they accumulate such huge wealth with limited income.
BitMEX co-founder Arthur Hayes said in his latest blog post: “Bitcoin Value = Technology + Fiat liquidity, this technology works, and won’t change any significant in the near future, for better or worse. So Bitcoin’s trading is based entirely on the market’s expectations of future fiat money supply. If my analysis of the Fed’s main shift from Treasury QT to QE is correct, Bitcoin hit a local low of $76,500 last month and now we are starting to move towards $250,000 at the end of the year. Of course, this is not an exact science, but if I take gold as an example, if I have to place a bet between the time I think Bitcoin would hit $76,500 or $110,000 first, I would bet on the latter. Even if the U.S. stock market continues to fall due to tariffs, earnings expectations collapse or foreign demand declines, I still believe that Bitcoin will continue to climb. Recognizing the pros and cons of it, Maelstrom is deploying capital with caution. We don’t use leverage, and we make small purchases relative to the size of our total portfolio. We have been buying bitcoin and altcoins at all levels between $90,000 and $76,500. The pace of capital deployment will accelerate or slow down based on the accuracy of my forecasts. I still believe that by the end of the year, Bitcoin can reach $250,000.”
According to crypto journalist Eleanor Terrett, Bryan Steil, chairman of the House Digital Assets Subcommittee, revealed that after Wednesday's review, the U.S. House's STABLE Act (Stablecoin Transparency and Accountability Promotes Better Ledger Economy Act) will "well in line with the Senate's GENIUS Act (Guide and Establish U.S. Stablecoin National Innovation Act)," which came after several rounds of "draft revisions" and received technical assistance from the SEC and CFTC. Bryan Steil believes that there is a 20% difference between the bill and the GENIUS Act, which is only textual, not significant or substantial. Currently, the biggest difference between the two is the requirements for international stablecoin issuers, state regulation of issuers, and some minor technical differences between the two texts. "At the end of the day, I think everyone recognizes that we want to work with our colleagues in the Senate to push the bill to pass," Steil said.
23pds, chief information security officer of Slow Mist Technology, posted on the X platform that the zkLend hacker (the original case occurred in February) accidentally clicked on the phishing website when trying to use Tornado Cash, and 2,930 ETH stolen money was stolen by the phishing website.
Tether buys 8888 BTC again on Q1, worth $735 million
According to on-chain analyst Ember Monitor, USDT issuer Tether purchased another 8,888 BTC ($735 million) in the first quarter of this year: The address where Tether purchased and reserved BTC was proposed from Bitfinex on the first day just ended in the first quarter. This is the BTC that Tether purchased in the first quarter of this year: since May 2023, Tether has issued an announcement to regularly use 15% of the company's profits to purchase Bitcoin enhanced reserves. Tether currently holds a total of 92,647 BTC (US$7.64 billion), making it the sixth largest BTC wallet address. Their comprehensive purchase cost of BTC is about $41,147, and their current floating profit is as high as $3.83 billion.
BlackRock CEO: Bitcoin and cryptocurrencies may damage the international status of the US dollar
BlackRock CEO Larry Fink claimed in a recent letter that Bitcoin and cryptocurrencies could damage the dollar's international status, according to Beincrypto. If investors see Bitcoin as a hedge against dollar inflation, this could cause serious problems. However, he also insists that the industry has many advantages, especially through tokenization. Larry Fink said the best interests of cryptocurrencies are not always consistent with traditional finance (TradFi) or the US dollar. "For decades, the United States has benefited from the dollar's position as a global reserve currency. But that doesn't guarantee that it will always be the case. By 2030, the government's mandatory spending and debt repayment will drain all federal revenues, resulting in a permanent deficit. If the United States cannot control its debts...the United States will likely give this position to digital assets such as Bitcoin." To be clear, Fink insists that he supports cryptocurrencies and lists some practical problems that he believes cryptocurrencies can solve. He showed a special interest in asset tokenization, claiming that digital native infrastructure will improve and democratize traditional financial ecosystems. Despite these advantages, Fink also recognizes that cryptocurrencies can pose danger to the U.S. economy if managed improperly. He talked about the long-standing practice of using cryptocurrencies to hedge inflation, which is a wise approach for many assets.
Vitalik sent 274.1 ETH as a grant or donation to a contract deployed by @0xisla
According to OnchainLens monitoring, Vitalik has sent 274.1 $ETH ($500,000) to a contract deployed by @0xisla, as a grant or donation, @0xisla is building Zuitzerland.
Nigeria SEC will regulate virtual asset service providers under new law
According to Bitcoin.com, the Nigerian Investment and Securities Act 2025 (ISA) recently signed by Nigerian President Bola Ahmed Tinubu effectively ends uncertainty surrounding the status of cryptocurrencies, and the new bill actually repeals the Investment and Securities Act No. 29 of 2007. This revised Securities Act “formally” recognizes cryptocurrencies as an asset class. This determination not only eliminates the uncertainty surrounding cryptocurrencies, but also means that they are no longer prohibited assets. In addition, law enforcement agencies that have "harassed" people involved in these assets will have to stop such behavior. Emmotimimi Agama, Director General of the Securities and Exchange Commission of Nigeria (SEC), said the new law gives the SEC more effectively the power to promote innovation and protect investors, repositioning Nigeria, making it a competitive destination to attract domestic and foreign investment. In addition to identifying digital assets and investment contracts as securities, the Investment and Securities Act 2025 also clearly places virtual asset service providers (VASPs) within the regulatory scope of the Securities and Exchange Commission of Nigeria. The law also bans Ponzi schemes and imposes severe penalties, including imprisonment, on the masterminds of the scam.
Ambient completed a $7.2 million seed round, with a16z, Delphi Digital and Amber Group participating
According to CoinDesk, the crypto-AI project Ambient completed a $7.2 million seed round of financing, with a16z's crypto accelerator program, Delphi Digital and Amber Group participating. According to reports, Ambient aims to combine artificial intelligence technology to provide fast, cheap and open intelligent services. The project uses a proof of work mechanism similar to Bitcoin and works similar to Solana's network.
Vitalik sold DHN and LEDOG 4 hours ago for about 110,000 USDC
According to OnchainLens monitoring, four hours ago, Vitalik sold its last 5,000 DHNs for 93,655 USDC and sold 2 trillion LEDOGs for 16,569 USDC.
0xbow draws on Vitalik's research results to launch a new blockchain privacy tool "Privacy Pool"
According to The Block, a team of cryptographers such as Ethereum veteran developers Ameen Soleimani and Zak Cole, 0xbow recently launched a new tool to enhance on-chain privacy. According to an announcement released by the X platform, the technology called "Privacy Pools" was officially launched on the main network on Monday. Privacy Pool is a hybrid network system that uses zero-knowledge proof and "Association Set Provider" to ensure that only "clean" funds can enter the fund pool. The goal is to provide privacy protection for ordinary cryptocurrency users while maintaining regulatory compliance. Users can use zero-knowledge proof to privately deposit and withdraw ERC-20 tokens, while the Associate Set Provider (ASP) will ensure compliance by reviewing funds. The operation process includes: connecting to networks such as Ethereum or Layer 2 Gnosis through a compatible wallet, creating a dedicated 0xbow wallet, depositing funds into a pool, and withdrawing them to a new blocked address. Unlike traditional coin mixers like Tornado Cash, privacy pools can set up associate set providers to maintain lists of sanctioned or suspicious accounts. 0xbow or other entities can act as gatekeepers to prevent problem funds from entering the mixed pool. 0xbow has received institutional investments such as Bankless, Number Group, Public Works, and angel investors such as Ethereum co-founder Vitalik Buterin are also involved. The 0xbow protocol originated from a paper co-authored by Buterin in 2023 with Chainalysis researcher Jacob Illum and scholars Matthias Nadler, Fabian Schar and others.
When World Liberty Financial raised more than $500 million, industry experts pointed out that with governance clauses that favor insiders, former U.S. President Donald Trump's family took control of the crypto firm and seized most of the money, Reuters reported. The project is billed as a "DeFi platform" and claims to allow users to bypass banks to directly use cryptocurrency to obtain financial services. However, the investigation found that the platform has not been operated publicly and the team size is extremely limited. Still, World Liberty announced in mid-March that it raised $550 million by selling governance tokens. Reuters estimates show that most of the sales occurred after Trump won the election in November last year, and the WLFI token only gives holders the voting rights to modify the project code and cannot be traded publicly. In January this year, World Liberty website details changed to show that the two co-founders Zak Folkman and Chase Herro have handed over control to entities that hold 60% of the Trump family. So far, the Trump family can obtain 75% of the net revenue from token sales and 60% of the platform's operating revenue. Based on this calculation, about $400 million in financing has been granted to the Trump family, and only 5% of the funds left for platform construction (about $27.5 million).
According to King Thousand, White House Press Secretary Levitt said that U.S. President Trump will announce his reciprocal tariff policy at an event held in the White House Rose Garden on Wednesday. Levitt said Trump's statement was mainly "state-based" tariffs, but he also "promises" to implement industry tariffs at another time. Levitt said Trump's cabinet members will attend the announcement. "The president will announce a tariff plan that will reverse the unfair trade practices that have been exploiting our country for decades," Levitt said. "It's time for reciprocity, time for the president to take historic changes to do the right thing for the American people." In addition, Trump said, maybe tomorrow night, maybe on Wednesday, you will see the (reciprocity) details of the tariffs.
According to CNBC, OpenAI announced on Monday that it had completed a $40 billion financing, setting a record for the highest financing of private technology companies. After this round of financing, the company's valuation reached $300 billion (including new capital injection). Japan's SoftBank became the leading investor in this round with US$30 billion, with existing investors such as Microsoft, Coatue, Altimeter and Thrive jointly investing $10 billion. This round of financing has made OpenAI's valuation third among the world's unlisted companies, second only to SpaceX (US$350 billion) and the same as TikTok's parent company ByteDance. OpenAI said in its official blog that the new fund will be used to "break through the boundaries of AI research" and expand its computing power infrastructure. People familiar with the matter revealed to CNBC that about $18 billion will be invested in the "Star Gate" project jointly jointly with OpenAI, SoftBank and Oracle - a joint venture project announced by former US President Trump in January 2025. The first period of $10 billion in funds will be in place immediately, and the remaining $30 billion is expected to be completed before the end of 2025. However, the financing agreement comes with special terms: If OpenAI fails to complete the for-profit structure restructuring by December 31, 2025, the financing amount may be reduced by as much as US$10 billion. This clause has exacerbated the company's transformation pressure, and the plan needs to be approved by Microsoft and the California Attorney General.
Coinbase will launch Doginme (DOGINME) and Keyboard Cat (KEYCAT)
Coinbase announced that it will support Doginme (DOGINME) and Keyboard Cat (KEYCAT) on the Base network. Trading will begin at or after 9:00 am (PT) on April 1, 2025, provided that liquidity conditions are met. The DOGINME-USD and KEYCAT-USD pairs will be launched in phases, but some regions may have restrictions.
Brazil bans large pension funds from investing in cryptocurrencies
According to CoinDesk, the Brazilian National Monetary Commission (CMN) issued resolution 5.202/2025, prohibiting closed pension funds such as Entidades Fechadas de Previousência Complementar (EFPCs) from investing their secured reserves in Bitcoin (BTC) or other crypto assets because cryptocurrencies are seen as too risky.
CZ destroys $3.6 million worth of tokens, including Broccoli and Tutorial
According to Arkham monitoring, CZ just burned a total of $3.6 million tokens, including: • $1.1M worth of Broccoli (0xa14) • $540K worth of Broccoli (0x6d5) • $1.95M worth of Tutorial CZ said that there are currently some new AI solutions that can automate such operations, but have not yet undergone security reviews, so manual token burning will continue in the future. At the same time, he reminded users not to send more tokens to the address, so as not to create unnecessary interactions or risks.
Grayscale address transfers over $58 million in Bitcoin
22:19 (UTC+8), two large-scale Bitcoin transfers occurred at Grayscale address: 1. Grayscale Digital Large Cap Fund (bc1qp) transferred 12.35 BTC to Coinbase Prime Deposit (3EXBm) and another address, about 1.0295 million US dollars. 2. Grayscale Bitcoin Mini Trust (bc1qg) transfers 695.71 BTC to the address bc1qdrxflum3n… and another address, about 58 million US dollars.
According to Fortune, USDC issuer Circle is advancing its initial public offering (IPO) program and has hired JPMorgan Chase and Citi to assist in the listing process. Circle is expected to file publicly the IPO documents with the U.S. Securities and Exchange Commission (SEC) by the end of April 2025. The IPO will become the largest crypto-related IPO since Coinbase went public in 2021, with Circle targeting valuation between $4 billion and $5 billion.
U.S. Senator David McCormick reveals buying up to $600,000 in Bitcoin
According to Solid Intel, U.S. Senator David McCormick (member of the Digital Assets Subcommittee) has disclosed buying up to $600,000 in Bitcoin ($BTC).
Binance will launch GUN at 21:00 on March 31, 2025 (East Eighth District time) and provide a variety of services, including guaranteed currency earning current products, GUN/USDT full and position-by-position leverage trading, 1-75 times U standard perpetual contracts, and supports "one-click buying/selling coins" and flash exchange transactions within one hour after launch, and exchange them for BTC, USDT and other tokens without handling fees. Users can purchase GUN through Binance Investment from 18:00 on April 1.
Strategy purchased another 22,048 BTC, and the total holding increased to 528,185
According to the Form 8-K document filed by MicroStrategy (Strategy), the company purchased 22,048 BTC through ATM issuance and preferred stock issuance, with a total amount of US$1.92 billion and an average price of US$86,969 per coin between March 24 and March 30, 2025. As of March 30, 2025, MicroStrategy held a total of 528,185 BTC, with a total purchase cost of US$35.63 billion and an average purchase price of US$67,458 per coin.
American Bitcoin will hold a press conference tomorrow night at 20:30
According to the official American Bitcoin account (@AmericanBTC), American Bitcoin has been officially established. The official will hold a press conference at 20:30 am on April 1 (8:30 am EST), with co-founders Eric Trump and Hut 8 leadership team discussing the company's vision and strategy. In addition, American Bitcoin will also hold a Twitter Space event at 3:00 Beijing time on April 2 (3:00 pm Eastern Time on April 1) to discuss more details. Earlier today, Hut 8 Mining cooperated with Trump's second son to establish mining company American Bitcoin.
Archax enters the U.S. market by acquiring regulated brokers to expand its tokenized asset business
According to CoinDesk, UK-regulated digital asset exchange Archax acquired Globacap Private Markets Inc., a US-regulated broker, FINRA and SEC, and renamed it Archax Markets US. Archax will leverage U.S. compliant licenses to provide tokenized physical assets (RWAs), including stocks and bonds, and promote business expansion through blockchains such as Ethereum, Polygon, Hedera Hashgraph and XRP Ledger.
According to @ai_9684xtpa, a giant whale holding 64,792 ETH finally added margin when it was only $3 away from the liquidation price. The giant whale extracted 1.68 million USDT from Bitfinex 12 minutes ago, and then exchanged 1.608 million USDT into DAI and partially repayed the loan. At present, the giant whale mortgaged a total of 64,792 ETH and lent 66.51 million DAIs, and the liquidation price was lowered to $1,745, which still has about US$40 safe space to get from the current market price, temporarily avoiding liquidation risks.
X2Y2 will close the NFT market on April 30, but smart contracts will continue to run
According to the official announcement of X2Y2, after a three-year journey of trading volume of US$5.6 billion, X2Y2 will officially close its NFT market on April 30, 2025. X2Y2 co-founder @tp_x2y2 said that although the platform will be closed, the relevant smart contracts will continue to operate.
Hut 8 Mining cooperates with Trump's second son to establish mining company 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. American Bitcoin plans to achieve the computing power target of 50+ EH/s, with an average energy efficiency of less than 15 J/TH, and plans to be publicly available in the future. In the transaction, Hut 8 transferred most of ASIC mining machine assets to American Data Centers Inc. in exchange for 80% of the equity and renamed the company American Bitcoin.
