PA Daily | US SEC Chairman will deliver a keynote speech on asset tokenization on the 12th; Binance Alpha launches MOODENG and GOAT
Reprinted from panewslab
05/11/2025·28DToday's news tips:
1. Forbes: Trump Media Technology Group's financial report discloses "major flaws" in internal control
2. US SEC Chairman Paul Atkins will deliver a keynote speech on asset tokenization on the 12th
3. BlackRock Bitcoin ETF net inflows hit the longest inflow record for the year for 20 consecutive days, with Goldman Sachs' IBIT holdings growing by 28% in Q1
4. Macro outlook next week: CPI data may touch the stagflation trading script, BTC may face the support test of $100,000
5.BSV investors try to restart 2019 lawsuit against Binance
6.Pump.fun once again transferred 132,000 SOLs to Kraken
7.Binance Alpha launches MOODENG and GOAT
8. Viewpoint: Altcoins get rid of negative trends, investors are changing their views on cryptocurrencies
Regulatory/Macro
Forbes: Trump Media Technology Group's financial report reveals "major flaws" in internal control
According to Forbes, Trump Media & Technology Group (TMTG) disclosed information in the latest Securities and Exchange Commission filing, which showed that the company had "significant flaws" in its internal control of its financial reports, raising investors' concerns about the company's financial transparency and governance structure. TMTG is the parent company of social platform Truth Social. It has recently attracted much attention due to financial losses and audit issues. It is reported that the audit agency BF Borgers, the company hired by the company, was accused of "major fraud" by the US SEC for forging audit documents and violating audit standards. In addition, Donald Trump, a director of TMTG, was compensated $813,000 last year, although he attended only two of the company's five meetings, while TMTG reported that its annual sales were only $3.6 million, but had a net loss of $401 million.
Previous news, Trump Media Technology Group, Crypto.com and Yorkville America Digital have finalized the ETF issuance agreement, and the Hong Kong fund is expected to be launched later this year.
Bitcoin returned above $100,000 this week, with Wall Street being cautious at the end of this week's trading day, with U.S. stocks and U.S. bonds volatility as the world's two major economies prepare to start trade negotiations, and investors avoided making higher-risk bets. Market optimism continues to pressure gold prices. The cumulative decline of gold prices on Wednesday and Thursday was nearly 4%, but rebounded on Friday, with a cumulative increase of 2.64% last week. Here are the key points that the market will focus on in the new week:
On Monday, Fed Director Kugler delivered a speech;
At 20:30 on Tuesday, the United States will not be seasonally adjusted CPI annual rate/seasonally adjusted CPI monthly rate/seasonally adjusted core CPI monthly rate/seasonally adjusted core CPI annual rate;
At 05:40 Thursday, 2027 FOMC voter and San Francisco Fed Chairman Daley attended a fireside conversation;
Thursday at 20:30, the US retail sales monthly rate in April, the US PPI annual rate/month rate in April, and the US New York Fed/Philadelphia Fed Manufacturing Index in May;
At 20:40 Thursday, Federal Reserve Chairman Powell delivered an opening speech at an event;
On Thursday, the Federal Reserve held its second Thomas Laubach research conference, which will focus on monetary policy and economic research, and is expected to provide an academic perspective on the Fed's commitment to conduct a review of the monetary policy framework every five years, until the 16th;
At 22:00 on Friday, the initial value of the US May one-year inflation rate expected and the initial value of the University of Michigan Consumer Confidence Index in May.
The Fed's voice is not dovish this week. More than half of the Fed's policymakers made public speeches on Friday, and no policymaker said the Fed was close to cutting interest rates. Next week's economic data will provide an important perspective, with the US CPI released on Tuesday to provide a new interpretation of inflation trends, while the retail sales data released on Thursday is the latest window to understand consumer spending. The US CPI in April is expected to confirm that price pressure is still too high and there is no reason to cut interest rates for the time being. Although the US dollar index has risen in the short term, the US dollar index is still facing selling pressure due to the risk of stagflation caused by continued tariffs. In addition, the impact of macro data on Bitcoin price and whether Bitcoin can consolidate the $100,000 price support range is also worth paying attention to.
BlackRock's spot Bitcoin ETF IBIT has had a net inflow of 20 consecutive days, the longest continuous inflow record among spot Bitcoin ETFs in 2025, attracting more than $5 billion in funds during this period. With the rise in Bitcoin prices, the cumulative net asset value of US spot Bitcoin funds has exceeded US$121 billion, the highest level since January this year.
Goldman Sachs is currently the largest known IBIT holder in the world. Goldman Sachs holds 30.8 million shares of IBIT shares, worth approximately US$1.4 billion, an increase of 28% from its holdings at the beginning of the first quarter of 2025. The company also holds 3.5 million shares of FBTC, the second largest spot Bitcoin ETF on the market based on asset management scale, worth approximately $315 million. The filing documents show that the company increased its holdings by about 30,000 shares in the first quarter of 2025.
US SEC Chairman Paul Atkins will deliver a keynote speech on asset tokenization on the 12th
SEC Chairman Paul Atkins will deliver a keynote speech on asset tokenization on the 12th. On the same day, the US SEC will hold a roundtable conference with the theme of "Tokenization: Assets on the Chain - the intersection of traditional finance and decentralized finance." Participants included SEC Chairman Paul S. Atkins, Director of the Crypto Working Group Office Richard B. Gabbert, Commissioner Hester Peirce, as well as Cynthia Lo Bessette, Eun Ah Choi (Nasdaq), Will Geyer (Invesco), etc.
High-level Sino-US economic and trade talks will continue in Geneva
Viewpoint
CryptoQuant CEO: Strategy purchases faster than Bitcoin mining speed and gains deflation advantage
Ki Young Ju, founder and CEO of CryptoQuant, posted on the X platform that Bitcoin is deflationary, and Strategy (formerly MicroStrategy) purchases Bitcoin faster than Bitcoin mining speed. They hold about 555,000 Bitcoins, and are in an illiquid state and have no plans to sell it. This means that Strategy's Bitcoin holdings can obtain an annual deflation rate of -2.23%, and other stable institutional holders may have higher deflation rates.
After the successful upgrade and implementation of Ethereum Pectra, ETH has increased by more than 30% in a single week, while other altcoins SOL, ADA, XRP and BNB have also achieved 2-6% increase.
Nick Ruck, head of LVRG Research, said traders believe the cryptocurrency industry may finally find a second opportunity to hedge market uncertainty, and investors are changing their views on cryptocurrencies as altcoins have moved away from negative trends and find a new round of risk appetite sentiment brings buying pressure. Traders are still closely watching this weekend's U.S.-China trade talks, which will begin in Switzerland late Saturday, and any signs of a deadlock or tensions re-heating could undermine the current rally.
1confirmation founder: BTC and ETH can become native value storage means in the future
1confirmation founder Nick Tomaino posted on the X platform that BTC is the first cryptocurrency to serve the people, and its bottom-up grassroots spirit and belief have made it soar from scratch and its market value soar to more than $2 trillion. Stores of value based on trust in mathematics rather than people are changing the world, but BTC has now become the preferred institutional asset for large companies and governments, with an entity with over 2.5% of BTC share, and currently no practical applications are developed on Bitcoin to attract new users, and there are no use cases that can expand market share except store of value.
ETH is a trusted and neutral Internet native value storage tool that supports the developer platform, which covers stablecoins, decentralized finance, NFT, forecasting markets, decentralized socialization, decentralized identity, etc. All new use cases that have driven the field over the past decade have emerged on Ethereum and are constantly evolving, which have attracted new users to distribute ETH as a store of value tool and enhance the scarcity of ETH.
Some people will only have a trustworthy, neutral, and Internet-native storage method of value in the future. They are very wrong and there may be many, but there are only two feasible options at present: BTC and ETH.
Anthony Scaramucci, founder of Skybridge Capital, said in his latest podcast interview that although some sovereign wealth funds have marginally allocated Bitcoin, it is difficult to see large-scale capital inflows before the United States introduces clear digital asset regulatory regulations. He pointed out that if the United States passes a stablecoin regulation bill, allowing traditional banks to custody Bitcoin and make progress in the tokenization of stocks and bonds, it may trigger a wave of sovereign wealth funds buying large amounts of Bitcoin. Anthony Scaramucci stressed that it is possible to push Bitcoin to millions of dollars only if sovereign wealth funds view Bitcoin as part of global financial infrastructure.
Project News
DeFi platform Zaros decides to stop operating
DeFi platform Zaros posted on X platform that it decided to stop operations after careful consideration, adding that "In the past five months, we have gone all out to explore every possible path, including transformation, extending the capital chain and evaluating strategic options. Despite the tremendous efforts of the team, we have no funds to continue to advance the project."
Binance Alpha launches MOODENG and GOAT
Binance Alpha launches Moo Deng (MOODENG) and GOAT.
MOODENG Contract address: ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY
GOAT contract address: CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump
BSV investors try to restart 2019 lawsuit against Binance
Bitcoin SV (BSV) investors are trying to restart a 2019 lawsuit against Binance accusing Binance of removing BSV from the shelves, causing its price to fall for a long time. Plaintiff’s lawyers argue that a ruling from the British Competition Appeal Court in July 2024 rejected a “loss of opportunity” claim against Binance’s removal of the token, which should be reconsidered. The plaintiff asked for $9 billion in the original case, and if the lawsuit is restarted, the plaintiff seeks up to 10 billion pounds (GBP), or approximately $13 billion.
In April 2019, Binance announced that BSV failed to meet its listing standards due to the actions of BSV founder Craig Wright. Craig Wright is notorious in the cryptocurrency world for lying that he is Satoshi Nakamoto, the founder of Bitcoin. Subsequently, Binance removed BSV.
ether.fi Foundation: 437,000 ETHFIs have been repurchased this week, spending 137 ETHs
The ether fi Foundation tweeted that it had repurchased 437,000 ETHFIs this week, spending about 137 ETH (about 320,000 US dollars). In the future, weekly withdrawal fee income and agreement income will be used for token repurchases, and the repurchased tokens will be returned to the pledged ETHFI point holders.
Important data
Doodles floor price fell to about 1.5 ETH, down 47.1% in 24 hours
After the launch of the DOOD token airdrop, the doodles NFT floor price fell sharply. At the time of writing, it had fallen to about 1.54 ETH, a 24-hour decline of 47.1%, and its market value dropped to 15,386 ETH. However, doodles NFT transactions have increased, with trading volume reaching 1,162 in the past 24 hours, an increase of 396.6%; the transaction volume hit 1,628 ETH, an increase of 115.9%.
Data: Whales bought more than 20,000 BTC in the past 48 hours
According to data disclosed by Ali Martinez, an on-chain analyst, on-chain, on-the-chain platform, whales have bought more than 20,000 BTC in the past 48 hours.
Pump.Fun transferred 132,573 SOLs to Kraken about 5 hours ago, worth $22.9 million
According to Onchain Lens monitoring, Pump.Fun once again transferred 132,573 SOLs to Kraken, worth $22.9 million. In 2025, Pump.Fun topped up a total of 2,188,092 SOLs, worth $339.73 million.
3x leverage long HYPE whale "silentraven" currently has a floating profit of US$10.62 million
According to the on-chain analyst Yuchen Monitor, the giant whale "silentraven" with 3x leverage long has now made a floating profit of more than 10 million. It went long for $801,000 at $12.9 on April 9. The current price of $HYPE has risen to $26, with a floating profit of $10.62 million. In addition, the whale exchanged 100 $WBTC ($10.43 million) for 4071.6 stETH in the past half hour. The exchange rate is 0.0245.
Abraxas Capital has filed 185,309 ETHs from the exchange in the past 3 days, worth $399 million
According to Lookonchain monitoring, Abraxas Capital has proposed 185,309 ETHs (worth $399 million) from the exchange in the past three days. Meanwhile, ETH's price surged from $1,800 to $2,600, a 44% increase.
ETH fell below $2,500, an intraday increase of 2.25%
According to the Ouyi OKX market, ETH has just fallen below $2,500 and is now at $2,487.91 per coin, an intraday increase of 2.25%.
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