PA Daily | Binance will remove ALPACA, PDA, VIB and WING; Bitcoin spot ETF net inflows of US$917 million yesterday
Reprinted from panewslab
04/24/2025·16DToday's news tips:
Russia will pilot the establishment of cryptocurrency exchanges, only for high-net-worth investors
DeFi Development Corporation increases its holdings of approximately $9.9 million Solana
Binance will remove ALPACA, PDA, VIB and WING on May 2
Bitcoin spot ETF net inflows of US$917 million yesterday, with net inflows for four consecutive days
Regulatory/Macro
The Dubai Virtual Assets Regulatory Authority (VARA) issued an announcement on April 23, emphasizing that except for entities expressly approved by VARA and the Dubai Land Authority (DLD), no enterprise shall claim to participate in the pilot of the "DLD Real Estate Tokenization Project" launched on March 19. VARA pointed out that unauthorized participants are suspected of engaging in illegal virtual asset activities or violating relevant regulations such as marketing and other regulations, and will face law enforcement measures including fines and market bans. VARA reminds users to verify platform qualifications through the official website to avoid falling into the trap of high-risk unauthorized projects.
Metaplanet buys another 145 BTC, with a total holding of more than 5,000
According to the Metaplanet announcement, as part of the Bitcoin asset allocation strategy, the company purchased 145 BTC again, with an average price of about 13.28 million yen and a total amount of 1.926 billion yen. As of now, the company's total holdings have reached 5,000 BTC, with an average purchase price of 12.818 million yen. This strategy has been officially listed as its main business since December 2024, and its funds mainly come from stock issuance and operational income.
Report: People over 60 in the United States lost nearly $3 billion in 2024 due to crypto fraud
According to the "2024 Report" released by the FBI Cyber Crime Complaints Center (IC3), in 2024, people aged 60 and above in the United States submitted a total of 33,369 complaints due to encryption-related fraud, with a total loss of US$2.84 billion, accounting for more than 30% of the total losses of US$9.3 billion in crypto fraud throughout the year. Overall, IC3 received a total of 149,686 complaints related to cryptocurrencies throughout the year, an increase of 66% year-on-year. Investment fraud and crypto ATM fraud are the main methods, with losses of US$5.8 billion and US$247 million respectively.
Russia will pilot the establishment of cryptocurrency exchanges, only for high-net-worth investors
According to Interfax, the Russian Ministry of Finance and the central bank will set up a cryptocurrency exchange for high-net-worth investors as one of the compliance mechanisms under the "experimental legal system". Participants must have more than 120 million rubles of assets or annual revenue exceeding 50 million rubles. The plan aims to legalize crypto transactions and improve market transparency, but it is only used for foreign trade settlement and is not applicable to domestic payments. The pilot program will be launched in 6 months.
Coinbase will set up a new office in Charlotte, North Carolina and recruit about 130 local employees
According to The Block, Coinbase confirmed that it will set up a physical office in Charlotte, North Carolina, and plans to immediately recruit about 130 local employees, with main positions focused on compliance and customer support. The expansion is part of the company's commitment to responding to Trump's administration's policies and strengthening local investment, with CEO Brian Armstrong previously pledging to recruit 1,000 people in the United States early in his presidency.
DeFi Development Corporation increases its holdings of approximately $9.9 million Solana
According to Globe Newswire, DeFi Development Corporation (Nasdaq: JNVR) announced an increase in its holdings of about 65,305 Solana (SOL) on April 23, with a total holdings increasing to 317,273, with a market value of about US$48.2 million. This purchase has acquired locked SOL through BitGo OTC channel, and plans to hold it for a long time and participate in pledge to obtain profits. The corresponding SOL volume per share increased by 40%, reaching 0.22 pieces, with a value of US$32.88 per share. The company has made SOL its main reserve asset.
Viewpoint
Crypto analysis firm Swissblock pointed out that Bitcoin is currently facing obvious resistance in the $94K-$95K range. The market is expected to experience a pullback to accumulate momentum for further rise, and the pullback may test the support level in the $89K-$90K range. But given the strength of Bitcoin’s structure, these pullbacks are seen as buying opportunities.
According to CryptoQuant analyst oinonen_t, Bitcoin has risen 10.2% in recent days, its inverse correlation with the dollar, the possible easing of Trump's tariff policy, and the potential conclusion of a Ukrainian peace deal, may drive cryptocurrency to strengthen. In addition, Bitcoin’s correlation with the S&P 500 and the Nasdaq index weakened, from 0.88 to 0.77 and from 0.91 to 0.83, respectively. Meanwhile, the correlation between Bitcoin and gold is increasing, rising from -0.62 at the beginning of the month to -0.31. Bitcoin’s scarcity is similar to gold and has the potential to follow the trend of gold. Analysts believe that if the current trend continues, gold may become the leading indicator of Bitcoin.
Project News
According to Upbit's announcement, because sUSD failed to stably anchor $1 and there was an abnormal price risk, Synthetix (SNX) was listed as a trading warning asset by DAXA (Korea Digital Asset Exchange Association), and SNX's deposit service will be suspended from 15:00 (local time) on the same day. The platform will evaluate the asset and decide whether to extend observation, unwarranty or terminate transaction support. If the risks are not completely resolved during the evaluation period, SNX may face removal. The recovery time of deposit support will be notified separately.
Binance will remove ALPACA, PDA, VIB and WING on May 2
According to Binance's announcement, since it no longer meets the platform review standards, Binance will stop all spot trading pairs of ALPACA, PDA, VIB and WING tokens at 11:00 on May 2, 2025 (Beijing time) and remove them from the shelves. The official emphasized that the decision is based on a number of evaluation indicators such as project team activity, transaction liquidity, network security, and community transparency.
According to the official terms and conditions of Trump Meme Coin, the $TRUMP Gala dinner is scheduled to be held at Trump National Golf Club in Washington on May 22, 2025, but the organizer reserves the right to change the time and place. President Trump may be absent, and eligible $TRUMP holders will be issued a limited edition NFT as a replacement if the dinner is cancelled or if he fails to attend. All participants must be at least 18 years of age and pass security checks and background checks. The relevant travel and accommodation costs must be borne by themselves.
MilkyWay launches MILK token airdrop, allocating 10% of the total amount to early users
Celestia Ecological Liquidity Staking Agreement announced that it will airdrop 100 million MILK tokens (accounting for 10% of the total supply) to mPoint holders, Moolitia NFT holders and milkINIT testers. Users can check the airdrop quota through the official website link and select on the chain or through CEX claiming such as MEXC, Gate.io, KuCoin, etc., and the pre-deposit is until 20:00 on April 26 (Beijing time).
Important data
According to data provided by @ai_9684xtpa, the TOP10 VIP giant whales of TRUMP dinner hold a total of 1.65 million TRUMPs, worth about 20.49 million US dollars. At present, these giant whales have accumulated a total of US$1.26 million in their floating losses. The data shows that only two giant whales used the earliest position building address, and the rest withdraw coins from the exchange or build positions on the chain after learning the news of the dinner. Among them, the TOP1 giant whales are suspected to be Wintermute. It is reported that the TOP25 coin holders will be invited to attend the exclusive reception before the dinner and have dinner with Trump. Previous news, the details of $TRUMP Gala dinner: If cancelled or Trump is absent, the holder will receive a limited edition NFT.
According to Lin Chen, head of Deribit Asia Pacific, the April option delivery of Bitcoin (BTC) and Ethereum (ETH) will be held at 4 pm this Friday (April 25). By then, BTC will have $7.2 billion in holdings due, the current bearish/busy ratio is 0.73, with the maximum pain point at $85,000, and the current price is $92,735, indicating that the call option buyer has won a big victory. Meanwhile, ETH will have $800 million in holdings due, the current bearish/busy ratio is also 0.73, with the maximum pain point of $1,900, and the current price is $1,769, showing a small win for ETH put option buyers.
Bitcoin spot ETF net inflows of US$917 million yesterday, with net inflows for four consecutive days
According to SoSoValue data, Bitcoin spot ETF recorded a single-day net inflow of US$917 million on April 23, Eastern Time, achieving a net inflow of four consecutive days. Among them, BlackRock ETF IBIT net inflow was US$643 million, with a cumulative historical cumulative reaching US$40.632 billion; ARKB net inflow was US$129 million, with a cumulative reaching US$2.997 billion. BITB recorded a net outflow of $15.2468 million. As of now, the total net asset value of Bitcoin spot ETFs is US$106.388 billion, accounting for 5.72% of BTC's market value.
