PA Daily | Binance announces standards for listing and removal of coins; BlackRock has purchased $1.2 billion in Bitcoin this week, and currently holds 2.77% of the total supply of BTC
Reprinted from panewslab
04/26/2025·19DToday's news tips:
1. US SEC Specialist: Consideration of state chartered trust companies as qualified crypto custodians
2. Circle executives deny seeking U.S. bank license
3.Binance announces the standards for listing and removal of coins
4. Trump's Meme Coin Team refuted the rumor of "the threshold for participating in the $300,000 dinner"
5.BITWISE NEAR ETF Registered in Delaware
6. BlackRock has purchased $1.2 billion in Bitcoin this week and currently holds 2.77% of the total supply of BTC
7. Decentralized AI startup Nous Research completes a US$50 million Series A financing, led by Paradigm
8. Binance Alpha added OKZOO (AIOT)
Regulatory/Macro
Nasdaq tells US SEC: Accurate cryptocurrency tags will become the key to future regulation
The Nasdaq Exchange sent a letter to the US SEC Cryptomatic Working Group, suggesting regulators carefully divide digital asset classes and clarify regulatory "referees". The document was signed by John Zecca, the head of regulatory affairs, and proposed four categories of divisions: one is that financial securities tokens (such as tokens linked to stocks, bonds, and ETFs should be treated the same as the underlying assets), and is regulated by the SEC; the second is digital asset investment contract (tokenization contracts that meet the revised version of Howey test), and securities rules are applicable; the third is digital asset commodities (compliant with the definition of US commodities), which are governed by the CFTC; and the fourth is other digital assets (not included in the first three categories, and securities or commodity rules are not mandatory). The SEC and CFTC will work together to clarify regulatory boundaries, and new cryptocurrency laws may serve as the basis for guidance. Nasdaq also recommends the formulation of cross-trading qualification certification for multi-type asset processing platforms, emphasizes its credibility in the field of digital assets, and calls on strengthening security constraints for companies that fully handle investor activities and keep pace with industry practices.
U.S. SEC Chairman Paul Atkins said on his fourth day of office that digital assets are expected to bring “huge benefits” and said he plans to work with lawmakers to establish a regulatory framework for cryptocurrencies. “I look forward to engaging with market participants and working with colleagues in the President’s administration and Congress to create a reasonable and applicable framework for crypto assets,” Paul Atkins said. Digital assets are expected to bring “tremendous benefits”, including reducing risks and cutting costs.
DOGE mining company Z Squared to go public through merger with Coeptis
Z Squared, a company focused on DOGE mining, will go public through a merger with biopharmaceutical company Coeptis (COEP), and the transaction is expected to be completed in the third quarter of this year, when 9,000 DOGE mining machines will be put into operation. . The merger will allow the new company to continue to operate Dogecoin (DOGE) mining business, while Coeptis' pharmaceutical business will be divested and operated independently. After the merger, the company will become one of the largest listed companies, focusing mainly on mining other cryptocurrencies such as Dogecoin and Litecoin (LTC).
Trump: It is unlikely to suspend tariffs again for 90 days, hoping to reach an agreement
According to Kim Shi, U.S. President Trump said he is unlikely to approve another 90-day tariff suspension. Trump told reporters who were on Air Force One with him, "I hope to reach a trade agreement with a range of countries. We will be reasonable."
US SEC Specialist: Consideration of state chartered trust companies as qualified crypto custodians
At the roundtable of cryptoasset custody, the Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda said at the cryptoasset custody roundtable that federal regulators have allowed state banks to custody cryptoassets as trustees, and in view of the historical practice of allowing state charter banks to compete with federal charter banks, it is recommended that the SEC should consider listing state charter trusts as qualified cryptoasset custodians.
The Commission may also consider taking further measures to enhance competition by modifying or terminating the Commission’s “Special Purpose Brokerage Dealer” system, providing temporary guidance on how companies can custody non-securities crypto assets, crypto asset securities and traditional securities to comply with capital and client protection rules, and ultimately compile these guidance into amendments to these rules.
Viewpoint
Michael Saylor: BlackRock's Bitcoin ETF will become the world's largest ETF in a decade
In the past five trading days, the net inflow of spot Bitcoin ETFs in the United States reached about $2.8 billion, driving the price of Bitcoin to climb from about $85,000 to $94,000. Among them, BlackRock's iShares Bitcoin Trust (IBIT) alone contributed US$1.3 billion inflows. "In ten years, IBIT will become the world's largest ETF," said Michael Saylor, chairman of Strategy (formerly MicroStrategy).
It should be clear that IBIT's current market value is US$54 billion, and its single-day trading volume exceeded US$1.5 billion on Thursday. In comparison, the Pioneer S&P 500 Index ETF (VOO), the world's largest market capitalization, has a market value of US$593.5 billion, more than ten times that of IBIT. "There is a possibility in theory, especially when the inflow of IBIT exceeds VOO. But it needs to attract more than $1 billion a day - more likely to reach $3 billion to $4 billion a day to catch up. In short, this goal depends on multiple extreme conditions, but not completely impossible."
According to Cailianshe, the Federal Reserve released its semi-annual "Financial Stability Report", which shows that rising global trade risks, overall policy uncertainty and the sustainability of US debt rank first in the list of potential risks in the US financial system. This is the first time the Federal Reserve has conducted a six-year investigation into financial risks since Trump returned to the White House. 73% of respondents said global trade risks were their biggest concern, more than double the percentage reported in November. Half of the respondents believed that overall policy uncertainty was the most worrying issue, an increase from the same period last year. The survey also found that issues related to recent market turmoil have received more attention, with 27% of respondents worried about the operation of the U.S. Treasury market, up from 17% last fall. Foreign divestment of U.S. assets and the value of the dollar are also rising on the list of concerns.
U.S. Senator: Trump's dinner for TRUMP holders can constitute impeachment reason
In response to Trump's dinner for meme coin TRUMP holders, U.S. Senator Jon Ossoff believes lawmakers should impeach Trump. He stressed that “when the current U.S. president sells access and in fact the money is paid directly to him, there is no doubt that this has risen to impeachable levels.”
Project News
Binance Alpha adds OKZOO (AIOT)
According to the official page information, Binance Alpha has added OKZOO (AIOT).
Ethereum core developers are considering quadrupled the Gas cap for Layer 1 as a key feature for the next hard fork of Fusaka after Pectra. On April 23, developer Sophia Gold proposed EIP 9678, proposing to increase the Gas cap to 150 million when Fusaka hard forks. On April 24, core developer Tim Beiko said in a conference summary that the ACDE conference has discussed using the Gas cap increase as a "key feature" of Fusaka. The developer has drafted the EIP, planning to merge early next week, and formally proposed at the next ACDE meeting. As the work progresses, or internal changes to the protocol are required to support higher Gas caps, even if the hard fork range is set, more EIPs are still needed to be added to Fusaka. Pectra plans to go online in May, and Fusaka may be launched by the end of 2025.
The developer said that improving the Gas limit is intended to expand Layer 1 execution capabilities without new features, but requires guidance from the execution layer developer to test and fix client vulnerabilities, so it is reasonable to include it in the hard fork EIP. On February 4, validators supported increasing the Gas cap for the network, adding the maximum amount of Gas used for transactions in a single Ethereum block. Ycharts data shows that the current value is slightly below 36 million.
Semler Scientific announces spending $10 million to increase its holdings of 111 BTC
According to official news, Semler Scientific, a medical technology company listed in the US stock market, announced that it would spend $10 million to increase its holdings of 111 BTC.
Binance releases important updates on U-Based Perpetual Contract Fund Rate Settlement Frequency
According to the official announcement, from 16:00 on May 2, 2025 (East Eighth District time), Binance Contract will adjust the settlement frequency of the U-standard perpetual contract. If the U-standard perpetual contract settles at the upper/lower limit of the fund rate in the last fund cycle, the Binance Contract will adjust the settlement frequency from every eight hours or every four hours to every hour.
The payment time for settlement every eight hours is: 08:00 (East Eighth District time), 16:00 (East Eighth District time) and 00:00 (East Eighth District time) the next day (East Eighth District time). The payment times for the funds settled every four hours are: 04:00 (East Eighth District Time), 08:00 (East Eighth District Time), 12:00 (East Eighth District Time), 16:00 (East Eighth District Time), 20:00 (East Eighth District Time), and 00:00 (East Eighth District Time) the next morning (East Eighth District Time).
Circle executives deny seeking U.S. bank license
Dante Disparte, chief strategy officer of stablecoin issuer Circle, posted on social platform X, denied rumors that the company is applying for a US federal bank license. Disparte made it clear that Circle currently has no plans to obtain a federal bank license or acquire a deposited agency. In the future, it will choose to apply for a federal or state-level trust license and other non-bank financial institutions in accordance with the regulatory requirements of the United States payment stablecoin. The statement clarifies recent media reports that "crypto companies such as Circle and BitGo are considering applying for bank licenses." Disparte also called on the legislature to clarify the stablecoin regulatory framework as soon as possible.
Sign: Snapshot of the on-chain asset collection has been completed
According to official news, Token Distribution On-chain Infrastructure Sign stated that the snapshot work of on-chain asset collection has been successfully completed, and the following two related projects have completed snapshot records at specific block heights:
- SignPass (contract address: 0xd6Ab2de4B7e207f0e393c067cDE7cC03Bc770aab);
- Seeing Signs (Contract address: 0xbc37ee54f066e79c23389c55925f877f79f3cb84).
Trump Meme Coin Team refutes rumors of "300,000 USD dinner participation threshold"
U.S. President Trump’s Meme Coin Team has denied rumors circulating on social media that official TRUMP token holders need at least $300,000 to attend an upcoming dinner with Trump. The rumor stems from community members citing information from Solana blockchain browser showing the token contract address holders. As of this writing, the browser shows that the 220th holder holds 33,114 TRUMP tokens worth more than $400,000. However, the Meme Coin team said the browser did not reflect their standards. The team wrote in the statement: "People mistakenly used the 220th holder data on the blockchain browser as the qualification line, which is inaccurate. Because the data includes locked tokens, exchange positions, market makers positions and user positions that have not participated in the activity. The actual qualifications to participate should be based on the official rankings." According to the information on the official website of Meme Coin, the team will select winners based on the "time-weighted position volume", which comprehensively considers the number of tokens held and the length of holding.
In addition, Trump's Meme Coin Team clarified that the rumors that he was "unlocking a large number of tokens" for this competition are also untrue. It also stated that the current user "Sun" is currently ranked first with 1,176,803 TRUMPs (worth about US$14 million), while the user "HAR", ranked 220th, only holds 35.3 TRUMPs (worth about US$420).
BITWISE NEAR ETF Registered in Delaware
According to market news, the BITWISE NEAR ETF is registered in Delaware.
Alpaca: After receiving community feedback, it has decided not to issue additional tokens
Alpaca Finance official issued a statement saying that although its market makers have requested to withdraw more ALPACA from their capital reserves to cope with today's high trading volume, they have decided not to mint this part of the token after receiving community feedback.
According to the on-link analyst Ember Monitor, after TRUMP announced the Trump dinner plan the day before yesterday, many whales proposed TRUMP from CEX to register and register to win the dinner quota. The address that currently ranks first in the number of TRUMPs in registration (registered as "MeCo") has raised a total of 1.195 million TRUMPs (US$15.76 million) from Binance after the dinner plan was announced, with an average price of US$12.5. The second registered name is "Sun", and the address is the cold wallet of the HTX Exchange, holding 1.177 million TRUMPs (US$15.52 million).
It is reported that the registered address named "MeCo" belongs to the encryption project MemeCore.
Gitcoin shuts down Grants Lab, software development unit, due to lack of sustainable profit model
Gitcoin co-founder Kevin Owocki posted on the X platform that Gitcoin will close its main software development unit Grants Lab and lay off some team members. Behind this decision is the changes in the ecological environment: the way of funding for public products is evolving, the L2 ecosystem is gradually maturing, the collaboration mechanism is constantly innovating, and new competitors are constantly emerging. At the same time, key members of Grants Lab have resigned one after another, and the team lacks a clear and sustainable profit model under the current form, resulting in its financial expenditure exceeding the affordable range. Therefore, Grants Lab will no longer apply for the second half of 2025 budget, and the remaining funds will be used to issue severance compensation to affected employees. Gitcoin said they will do their best to support the transition of departing employees with respect and caring.
Coinbase International Station will launch ZORA perpetual contract transactions
Coinbase International Station issued an article on the X platform that Coinbase International Station and Coinbase Advanced will add support for ZORA perpetual contracts, and the ZORA-PERP market is expected to open at 17:30 Beijing time on May 1st.
ZKsync released a security incident investigation report that previously involved $5 million in ZK tokens. On April 13, the attacker used the stolen administrator key to mint 11.18 million unclaimed ZK tokens from three airdrop distribution contracts, and exchanged about 6.71 million of them into 1,116 ETH in the following two days. Development team Matter Labs immediately froze the relevant account after discovering an exception on April 15. The attacker returned 90% of the funds and received a 10% bounty on April 23 after the ZKsync Security Council issued a 72-hour "safe harbor" ultimatum. The remaining funds are currently kept by the Safety Committee and subsequent disposal will be left to community governance for decision. After investigation, the incident originated from the airdrop contract adopting an unsafe 1/1 multi-sign management model and retained the token minting function that should have been removed.
ZKsync said the incident affected only three specific airdrop distribution contracts, and neither the mainnet protocol nor the governance system was damaged. In order to prevent similar incidents, the project party will implement improvement measures such as multiple sign-ups and regular rotation and upgrading of monitoring systems. The recovered ETH will be gradually converted into ZK tokens, and the final return plan will be approved by the token parliament. The investigation showed that the key might have been leaked by the former employee’s account and no evidence of malicious intentions was found.
Jeff Weinstein, product director of Stripe, a US payment giant, posted on the X platform that Stripe is creating its first financial product with stablecoins as its core, and the product is ready for testing.
Previously, Stripe completed a $1.1 billion Bridge acquisition transaction and was preparing to vigorously promote stablecoins .
Binance announces standards for listing and removal of coins
According to the official announcement, Binance has detailed its listing and removal standards, including the listing requirements for products such as Binance Alpha, Binance Contract and Binance Spot, as well as the conditions that the project team needs to meet. Binance also emphasized ongoing monitoring of market performance, team background, compliance and product security, and projects that do not meet the standards may be removed from the shelves.
TON will officially disable Toncoin Bridge on May 10
Official announcement shows that TON will officially disable Toncoin Bridge on May 10, and users will no longer be able to transfer Toncoin from TON to Ethereum or BNB smart chain through the bridge, but previous cross-chain assets can still be collected. At present, the bridging function between Toncoin and TON will be temporarily retained and the termination time will be announced separately.
The world's first XRP spot ETF is listed on the Brazilian exchange
The world's first XRP-linked spot exchange-traded fund (ETF) is issued by Hashdex and managed by Genial Investimentos and started trading on Brazilian Stock Exchange B3 on April 25. The ETF code is XRPH11 and tracks the Nasdaq XRP reference price index. According to Hashdex, the ETF will allocate at least 95% of its net assets to XRP.
Important data
BlackRock is increasing its holdings, currently holding 2.77% of the total Bitcoin supply, and this week they bought $1.2 billion worth of Bitcoin.
The asset management scale of BUIDL, a BlackRock's on-chain tokenization fund, has reached US$2.5 billion, of which about 80% of the funds are concentrated in 4 wallet addresses. On-chain data shows that the relevant address of the stablecoin protocol Ethena holds US$1.3 billion, Spark Protocol holds US$500 million, and the other main holder is Crypto Relief Fund founded by Polygon co-founder Sandeep Nailwal, which holds approximately US$140 million.
Michael Sonnenshein, Chief Operating Officer of Securities, pointed out that BUIDL's high concentration stems from its institutional product positioning, with a minimum investment threshold of US$5 million, and has no intention of pursuing "investment democratization." He stressed that on-chain tokenization is still in its early stages and is "only the second half of the first game." At present, Securities is cooperating with traditional private equity giants such as Apollo and KKR to launch on-chain funds, but the minimum investment amount of such products is still between US$20,000 and US$50,000, which is only for high-net-worth investors.
According to the monitoring of the on-link analyst @ai_9684xtpa, the three TRUMP dinner list institutions @MemeCore_ORG proposed 270,000 TRUMPs from Binance again two hours ago, about 3.47 million US dollars; since yesterday, a total of 925,000 tokens have been proposed, with a total value of US$11.4 million, an average price of US$12.32, and a floating profit of US$899,000.
Bitcoin hits its biggest weekly gain since the U.S. election, surpassing U.S. stocks
According to Kingsen, Bitcoin has led the rebound in risk assets and is expected to record the biggest single-week gain since Trump won the U.S. presidential election. As investors digest the impact of Trump's trade war, the tech-based Nasdaq 100 has risen about 5%, but Bitcoin has risen about 12% since last week, breaking $95,000 for the first time since early March. “The implicit correlations within cryptocurrencies remain high amidst constant fluctuations,” said Jack Ostrovskis, a trader at Wintermute, a cryptocurrency market maker. “So, despite improvements across the market, it is clear that macro and geopolitical forces remain the main drivers of capital flows.”
According to on-chain analyst Ember Monitor, the whale, which made a profit of $732,000 in just half an hour, repurchased TRUMP 7 hours ago: using 5.732,000 USDC to purchase 427,000 TRUMPs, priced at $13.4 USD. This 5.732 million USDC of 5 million was the principal he proposed from Binance, and 732,000 was the profit on TRUMP the day before yesterday.
1inch team invested in funds and sold 70.76 WBTC again about 30 minutes ago
According to on-chain analyst Ember Monitor, the 1inch team investment fund sold 70.76 WBTC again 30 minutes ago and exchanged it for US$94,346. 1inch Team Investment Fund spent 44.22 million US dollars to purchase WBTC, ETH and 1INCH from February 2 to March 10:
- 11,198 ETH were purchased for $28.85 million, with an average price of $2,577;
- 160.8 WBTC were purchased for $14.21 million, with an average price of $88,395;
- 4.7 million 1INCHs were purchased for US$1.15 million, with an average price of US$0.245.
Bitcoin spot ETF net inflows of US$380 million yesterday, continuing net inflows for 6 days
Ethereum spot ETF net inflows of US$104 million yesterday, and no net outflows of nine ETFs
Financing
Decentralized AI startup Nous Research completes US$50 million Series A financing, led by Paradigm
According to Fortune Magazine, decentralized AI startup Nous Research completed a $50 million Series A financing, led by Paradigm (which was almost entirely provided by Paradigm), and this round of financing valued Nous' tokens at $1 billion. The financing funds will be mainly used to increase computing power reserves and expand the scale of the research team. The company has previously raised about US$20 million through seed rounds, with investors including Distributed Global, North Island Ventures, Delphi Digital and other institutions. It is worth noting that this is Paradigm's largest investment in AI since the FTX crash in 2022, marking that crypto capital is accelerating its layout in cutting-edge technology cross-fields.
Founded by a group of AI researchers in 2022, Nous focuses on developing open source large language models. Its innovation is to use Solana blockchain to coordinate global distributed computing resources and encourage users to contribute idle GPU computing power to participate in model training through incentive mechanisms. The Hermes series of open source models developed by the team have been recognized in the community and have published several research papers in collaboration with OpenAI founding member Diederik P. Kingma.
The xAI holding company owned by Elon Musk is in talks with investors to raise about $20 billion for its newly integrated artificial intelligence startup and social media business, people familiar with the matter said. If the deal is completed, it will become the second largest startup financing round in history, second only to OpenAI's $40 billion financing earlier this year, according to data provider PitchBook.
People familiar with the matter said that the scale of this round of financing may exceed US$20 billion, but the total amount has not been finalized and the terms may still change. This round of financing will bring the company's valuation to exceed US$120 billion. The current financing negotiations are still in their early stages, and the company aims to complete financing in the next few months. The XAI Holdings Company, announced in March this year, was formed by the merger of X Platform (formerly Twitter) and Musk's artificial intelligence company xAI. A person familiar with the matter said the new funds may be used in part to repay debts arising from Musk's privatization (later renamed X). This huge financing not only highlights investors' enthusiasm for artificial intelligence companies, but also confirms Musk's position as a business giant and political influential figure.
