PA Daily | Trump said he would reach an agreement with China within one month; ABCDE stopped investing in new projects and suspended the second phase of fundraising plan;
Reprinted from panewslab
04/19/2025·1MToday's news tips:
1.Trump says it will reach an agreement with China within one month
2. The Trump administration will set up a working group to deal with the crisis of imposing tariffs on China
3.Du Jun: ABCDE has stopped investing in new projects and suspended the second phase of fund fundraising plan
4.KiloEx has recovered all stolen funds and the case is officially closed
5. Canary Capital applies to the US SEC to launch TRX staking ETF
6. PancakeSwap moves towards deflation through CAKE 3.0 token economic proposal
7.Santiment: Holding a wallet of 100,000 to 10,000 BTC, and increasing its holdings by more than 53,600 BTC since March 22
8. Bitcoin ETF net inflows of 1,147 BTC yesterday, and Ethereum ETF net outflows of 3,775 ETH
Regulatory/Macro
Brazil's $190 million crypto Ponzi scheme chief culprit sentenced to 128 years in prison
The Brazilian court pronounced a verdict on the Braiscompany crypto scam case, and the three main culprits were sentenced to 171 years in prison. Among them, the mastermind Joel Ferreira de Souza was sentenced to 128 years for illegally operating financial institutions and laundering money, while the other two people involved were sentenced to 27 years and 15 years respectively. The scam defrauded about 20,000 investors and raised $190 million. The court also ordered the confiscation of approximately 36 million real assets.
Trump says he will reach an agreement with China within one month
According to CCTV.com, US President Trump said on the 17th local time that he is confident that China and the United States have reached an agreement. US President Trump: "I think we will reach an agreement with China, and we will reach an agreement with everyone. If we can't reach an agreement, then we set a goal and then set it like that. It's also good. It should be done in the next three to four weeks."
According to CCTV News, discussions have begun within the Trump administration to form a working group to urgently deal with these issues without a breakthrough in negotiations with the Chinese government.
On April 18, local time, CBS reported that several sources revealed that due to the abnormally high tariffs imposed by the Trump administration on Chinese goods, it will lead to a supply chain crisis, the Trump administration has begun discussions within the Trump administration to form a working group to urgently deal with these issues without making breakthroughs in negotiations with the Chinese government.
Sources said that no details have been finalized about the establishment of the group, but the working group may include Vice President Vance, Treasury Secretary Becente, Commerce Secretary Lutnik, White House National Economic Commission Director Kevin Hassett, White House Economic Advisory Committee Chairman Stephen Milan and U.S. Trade Representative Jamison Greer.
Although the SEC has dropped a crypto securities lawsuit against Coinbase, the Oregon Attorney General plans to file a similar law enforcement lawsuit. Coinbase Chief Legal Officer Paul Grewal said the allegations were “unfounded” and were a regression to federal regulatory reforms, and the company will firmly respond to the lawsuits and defend the rights and interests of the industry and users.
Trump to study whether to fire Fed Chairman Powell
White House economic adviser Hassett said Friday when asked whether firing Fed Chairman Powell was an option that Trump and his team would look into the matter. Hassett said in response to reporters' questions at the White House: "The president and his team will continue to study this matter." The day before Hassett communicated with the media, Trump intensified the long-simmering disagreement with Powell, accusing Powell of not cutting interest rates as "playing with politics" and claiming that he has the right to "soon" to oust Powell.
Japanese fashion brand ANAP buys about 16.6 bitcoins
According to market news, Japanese fashion brand ANAP has used Bitcoin as a reserve asset and has currently bought about 200 million yen (about 1.4 million US dollars) of Bitcoin, with a purchase amount of 16.6591. Its subsidiary ANAP Lightning Capital will be responsible for operating and managing Bitcoin. Bitcoin holdings will be evaluated quarterly in market capitalization and the assessed profit and loss will be recorded in the profit and loss statement.
Viewpoint
Adam Back: We're still in the early stages, Bitcoin is still cheap
According to Bitcoin Magazine, Adam Back, a representative of the Cypherpunk movement and co-founder of Blockstream, said recently, "We are still in the early stages and Bitcoin is still cheap."
Tether CEO Paolo Ardoino said that Tether stablecoin (USDT) has more than 450 million users worldwide, and currently has more than 30 million new users every quarter, mainly from emerging markets. Tether is continuing to promote the popularization of "digital dollar" worldwide.
ABCDE Du Jun tweeted to respond to the situation about ABCDE, saying: "ABCDE has officially stopped investing in new projects and suspended the fundraising plan of the second phase of the fund. The original team will continue to be responsible for the post-investment support and exit arrangements for existing projects to ensure that the commitments to entrepreneurs and LPs can be fulfilled conscientiously. The personal focus will also gradually shift from financial investment in the primary market to a direction of strategic investment and combining in-depth incubation, focusing more on industrial collaboration and long-term value creation." In addition, Du Jun added, "The new incubator brand Vernal will announce incubator shareholders and incubation rules and the first phase of incubation projects in May. The first phase of the buy list will also be released in May, explaining how much you bought and why you bought it."
"In the past three years, the ABCDE Phase I Fund has invested nearly US$40 million in total, supporting more than 30 projects, leading more than half of them. In the current market environment, IRR returns are still at the world's leading level. In addition to capital support, ABCDE has also continued to invest in the open source ecosystem, accumulating hundreds of Stars on GitHub, bringing substantial contributions to the community."
ABCDE Du Jun tweeted, "ABCDE's suspension of new project investment and second phase fundraising is entirely because he wants to change his position and rethink how to participate in the development of the industry. The team is great, and there is no problem with fundraising. The two cornerstone LPs have sufficient funds and are willing to continue to support. This is not a matter of funding or ability, but a choice of direction.
Frankly speaking, I am increasingly unable to agree with the current ecological atmosphere of the primary market: many projects are extremely short-sighted and just thinking about how to go online to the exchange as soon as possible, and what is left behind is often a mess. What is even more worrying is that some first-tier funds not only have no reflection on this, but instead widely publicize the "Shangsu Project" they invested in and the short-term market value performance, but never mention the value creation of the projects themselves, let alone whether these projects survive healthily after the Shanghai Institute. This is not a game I am willing to participate in, nor is it my original intention of founding ABCDE. For me, such a job is a waste of time, not a creation of value, not a shortage of it and not want to make this money.
Next, I hope to invest time and resources in things that really promote industrial progress. Spend time, work hard, make strategies, accompany teams with a sense of mission, and incubate companies that can truly bring long-term value to the industry and society. As a member of the industry, I believe we have a responsibility to promote the return of ecology to rationality and health, rather than being enmeshed by short-term games. ”
Project News
PeckShield: KiloEx attacker returns approximately $5.5 million in crypto assets
According to PeckShieldAlert, the attacker's address marked in the KiloEx attack has returned approximately $5.5 million in crypto assets to KiloEx.
KiloEx has recovered all stolen funds and the case is officially closed
According to the official announcement of KiloEx, the platform has successfully recovered all the stolen assets in this security incident, involving an amount of approximately US$5.5 million. It is currently cooperating with judicial authorities and third-party experts to promote the formal closing procedure of the case. At the same time, a 10% bounty will be issued to white hat hackers according to the agreement. KiloEx said it will not hold further legal responsibility and promised to continue to strengthen platform security construction.
The Binance APP page shows that Binance Alpha has been added to BANK (Lorenzo).
Binance Contract has been launched on BANKUSDT perpetual contract
According to the official announcement, the BANKUSDT perpetual contract was launched at 2:30 on April 19 (East Eighth District time), with a maximum leverage of 50 times. BANK (LINK) is available in the Binance Alpha market.
Synthetix launches 420 pool plan to deal with sUSD dean, with annual award of 5 million SNX
According to Synthetix announcement, the platform will launch "sUSD 420 Pool" in 36 hours, encouraging SNX mortgagees to deposit sUSD to deal with their dean problems. A total of 5 million SNX rewards will be issued throughout the year, with an average of about 13,698 per day. Synthetix founder Kain called this the "most bad instant solution."
PancakeSwap moves towards deflation through CAKE 3.0 token economic proposal
According to official PancakeSwap, the CAKE Tokenomics 3.0 proposal has passed the vote, marking the project entering a new stage of more sustainable and deflation-oriented. The team said it will focus on long-term growth and will announce the CAKE redemption and next plan in the future.
Canary Capital applies to the US SEC to launch TRX staking ETF
Canary Capital submits S-1 documents to the US SEC and plans to launch the Canary Staked TRX ETF. The fund will track Tron token TRX and include a staking section. BitGo Trust Company will serve as the custodian of the ETF. Canary Capital is considering launching a range of cryptocurrency ETFs, including those related to Pengu, Sui, Hedera and Litecoin.
Aptos proposes to reduce pledge rewards from 7% to 3.79% within 3 months
Aptos proposes to reduce the pledge reward from 7% to 3.79% within three months. Lower rewards encourage users to pursue higher profit, risk-based opportunities on the chain. The program is similar to Solana's failed SIMD-228 proposal, which is to reduce inflation through dynamic staking rewards.
The proposal AIP-119 is co-written by Sherry Xiao, director of production engineering at Aptos Labs (the team behind the blockchain) and developer Moon Shiesty, who is developing the Aptos and Movement-based protocol Mirage. Xiao also advises the Aptos Foundation to review its current entrusted interests and remove those validators who have not actively contributed to the network.
Market News: Trump plans to hold a dinner for TRUMP token holders
According to market news, Trump plans to hold a dinner for TRUMP token holders, and the Trump team is creating a webpage for this.
Important data
According to The Block, the decentralized perpetual contract agreement Hyperliquid recently achieved market share of nearly 70%, a significant increase from the beginning of 2024. Its trading volume reached $175 billion in March and $83 billion in the first half of April, with the deal reaching nearly 10% of Binance.
Metalpha is suspected to continue to hoard ETH, and has purchased more than 29,000 pieces in 18 days
According to on-chain analyst Ember Monitoring, MetalphaPro is suspected to continue to increase its holdings in ETH in the near future. It deposited US$25 million in Binance 5 hours ago, and then submitted 7,000 ETH (about US$11.12 million) 1 hour ago. Since April 1, the address has withdrawn a total of 29,000 ETH from Binance, with an amount of US$48.73 million, and an average position building price of approximately US$1,680.
Bitcoin ETFs are inflowing 1,147 BTC today, and Ethereum ETFs are inflowing 3,775 ETHs
According to Lookonchain statistics, 10 Bitcoin ETFs have net inflows of 1,147 BTC (about $97.03 million), of which 955 are inflows in iShares (BlackRock), and their current holdings are 573,188 (about $48.47 billion); 9 Ethereum ETFs have net outflows of 3,775 ETH (about $6 million), of which 5,241 are outflows of 1,169,305 (about $1.86 billion).
MELANIA project party suspected of selling 2.95 million MELANIA 7 hours ago, and obtained 9,009 SOL
According to on-chain analyst Ember Monitor, 7 hours ago, another 2.95 million MELANIA was sold to 9,009 SOLs ($1.2 million) by the project party in the form of adding unilateral liquidity. In the past 3 days, the MELANIA project party transferred 7.643 million US dollars from liquidity and community address, and then added to MELANIA/SOL unilateral liquidity on Meteora, selling MELANIA to SOL in the set range. Of these, 2.95 million MELANIA were sold for 9,009 SOLs 7 hours ago. Currently, the project party has won and stockpiled 110,000 SOLs (US$14.75 million) in the past month by selling 23.45 million MELANIA.
According to Lookonchain monitoring, nine hours ago, Abraxas Capital-related wallets pulled 505 BTC ($42.64 million) from Binance. The wallet has withdrawn 2,949 BTC ($250 million) from the exchange in the past 4 days.
Galaxy Digital withdraws 606,000 SOLs from the exchange in the past 4 days and pledges 462,000 SOLs
According to Lookonchain monitoring, Galaxy Digital has withdrawn 606,000 SOLs ($79.7 million) from the exchange in the past four days and pledged 462,000 SOLs ($60 million).
F2Pool Lianchuang Wang Chun sold 50 WBTC in the past hour, worth US$4.21 million
According to monitoring by on-link analyst @ai_9684xtpa, F2Pool Lianchuang Wang Chun sold 50 WBTC at an average price of US$84,316 in the past hour, worth US$4.21 million. He directly replaced 29 of the WBTCs with USDC, and the other 20.39 WBTC with 1,084.58 ETH.
Santiment issued a statement saying that the main holders of Bitcoin are composed of wallets holding 100,000 to 10,000 BTC, currently accounting for 67.77% of the total supply of cryptocurrencies. During the market volatility in April, these wallets continued to increase their holdings, with more than 53,600 BTC since March 22.
