PA Daily | US Vice President Vance will attend Bitcoin 2025 Summit and deliver a speech; Resolv opens airdrop registration, with a deadline of May 17
Reprinted from panewslab
05/10/2025·15DToday's news tips:
1. US Vice President JD Vance will attend Bitcoin 2025 Summit and deliver a speech
2.Coinbase launches 24/7 Bitcoin and Ethereum futures trading services
3. BlackRock meets with the US SEC Cryptomatic Working Group to discuss staking and options for encrypted ETFs
4.Resolv: RESOLV Token Genesis Activity Registration is now online, with a deadline of May 17
5.Doodles (DOOD) added to Binance Alpha
6.Lido announces that it will launch dual governance to reduce governance risks
7. Telegram launches gift market based on TON blockchain NFT
8. Trader James Wynn has made a cumulative profit of $46.5 million since March 13
Regulatory/Macro
Brazil's B3 Stock Exchange will launch Ethereum and Solana futures on June 16
According to Bitcoin.com, Brazil's stock exchange B3 announced that it will launch Ethereum and Solana futures contracts on June 16, further expanding its crypto financial product line. The product has been approved by the Brazilian Securities and Exchange Commission (CVM) to help institutional investors avoid asset custody problems and participate in the crypto market more easily. Unlike existing Bitcoin futures, ETH and SOL contracts will be denominated in US dollars, with each contract corresponding to 0.25 ETH and 5 SOL respectively. At the same time, B3 announced that it would lower the face value of Bitcoin futures contracts from 0.1 BTC to 0.01 BTC to improve liquidity and investor participation. The exchange has prepared these products since February this year and was originally planned to be launched before the end of the year.
Zimbabwe launches carbon credit transaction blockchain registration system
According to Bloomberg, the Zimbabwe government officially launched a carbon credit registration system based on blockchain technology, aiming to increase transaction transparency and rebuild investor confidence. The country's Environment Minister Evelyn Ndlovu said at the launch ceremony in Harare that the system was developed by Dubai A6 Labs, which can enable traceability of the entire process of carbon credit issuance, trading and cancellation, ensuring that the data is not tampered with. Earlier, the country suddenly canceled multiple carbon credit projects and forced levy of 50% of the proceeds in 2023, resulting in the operation of international developers, including the Kariba Redd+ project.
Zimbabwe simultaneously established the Carbon Market Administration (ZCMA) last week to be responsible for project approval. According to California data company RippleNami in 2023, the country's carbon credit production accounts for 12.5% of Africa's total, ranking third in the mainland. Washington Zhakata, Executive Secretary of the Ministry of Environment, stressed that developers need to submit compliance applications through the zicma.org.zw platform before they can conduct business. Currently, African countries such as Kenya and Zambia are also strengthening supervision in this field.
Coinbase launches 24/7 Bitcoin and Ethereum futures trading services
According to the official blog, crypto exchange Coinbase announced that it will become the first compliant platform to obtain CFTC approval and provide 24/7 Bitcoin and Ethereum futures trading. The service will be officially launched on May 9. This innovation breaks the trading period restrictions of traditional derivatives markets, and investors can conduct contract trading at any time (including weekends). The announcement revealed that the perpetual contract product is also in preparation and will provide regulated perpetual contract services to US retail investors for the first time.
The service is supported by Nodal Clear, and market makers such as Virtu Financial guarantee liquidity and are distributed through broker channels such as ABN AMRO and Wedbush Securities. Coinbase Financial Markets CEO Andy Sears said the change allows investors to manage risks at any time through the Coinbase Advanced platform.
U.S. senators urge Treasury and Justice Department to investigate Binance's relationship with Trump
According to Bloomberg, a group of Democratic senators, including Maryland Senator Chris Van Hollen and Massachusetts Senator Elizabeth Warren, sent a joint letter to the Secretary of the Treasury and Attorney General, requesting an investigation into the association between Binance and the Trump family's digital asset program. The letter pointed out that Abu Dhabi investment company MXG completed a $2 billion investment in Binance through the USD1 stablecoin controlled by the Trump family in March, which raised concerns about compliance risks. In 2023, Binance pleaded guilty for violating anti-money laundering regulations, and its former CEO Zhao Changpeng has served four months in prison.
Senate Democrats just suspended the passage of the Stablecoin Act on May 9 on the grounds that "prevent current officials from profiting from crypto projects." The joint letter requires the Ministry of Finance and the Ministry of Justice to submit three aspects of explanation before May 21: Binance's progress in fulfilling the plea agreement, the timetable for withdrawing from the US market, and whether the pardon for Zhao Changpeng has been discussed. According to the Wall Street Journal, the Trump family representatives had consulted on investing in Binance.US (Zhao Changpeng had previously denied it). "The idea that this administration may allow Binance to continue operating and expanding in the United States is deeply disturbing, especially given the company's time and time again, disregarding federal laws and regulations that keep Americans safe," the letter reads.
BlackRock meets with US SEC Crypto Task Force to discuss staking and options for encrypted ETFs
BlackRock's representative met with members of the U.S. SEC Crypto Task Force on the topic of solutions to issues related to crypto asset regulation, discussing the pledge and options issues of cryptocurrency exchange-traded funds. According to the document, the meeting discussed “considerations for promoting staking-friendly ETP” and discussed parameters for determining encrypted ETF option positions and exercise limits, including liquidity thresholds. In addition, BlackRock also discussed specific standards for approving crypto ETFs.
US Vice President JD Vance will attend Bitcoin 2025 Summit and deliver a speech
According to Decrypt, U.S. Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas later this month. Last July, President Trump spoke at the Bitcoin 2024 conference in Nashville, Tennessee, before winning and returning to the White House in November.
Bitcoin mining company TeraWulf released its first quarter 2025 financial report, with a net loss of US$61.4 million, far higher than US$9.6 million in the same period last year. The company's revenue fell to $34.4 million year-on-year, while revenue costs rose to $24.5 million, accounting for 71.4%, more than double the 34% in the same period last year. TeraWulf attributed the decline in revenue to Bitcoin’s halving, increasing network difficulty; in addition, severe weather in New York State also affected its mine operations.
Brazil's fourth largest city, Belo Horizonte votes to pass Bitcoin-related bill
Legislators in Belo Horizonte, Brazil's fourth largest city, have passed a groundbreaking bill to build the city into an innovation hub for cryptocurrencies and bitcoin companies. The bill provides incentives for businesses that accept Bitcoin payments and promises to highlight these businesses in city advertising. In addition, the bill promotes educational activities to help citizens adapt to this digital transformation. The bill was passed with 20 votes in favor, 8 votes against and 6 abstentions. The bill will now be submitted to the mayor's office for final approval.
High-level Sino-US economic and trade talks begin in Geneva, Switzerland
According to Jin Shi, the high-level economic and trade talks between China and the United States began to be held in Geneva, Switzerland on the morning of the 10th local time. As the leader of China-US economic and trade, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, held talks with US leaders and US Treasury Secretary Besent on the same day.
Viewpoint
Fed Barr: Tariffs push up inflation slows down the economy, the Fed may be in trouble
According to Kingsen, Fed Barr said Trump's trade policy could push up inflation, lower economic growth and push up unemployment later this year, which could put policymakers in a tricky decision about which problem to solve. "The scale and scope of the recent tariff hikes are unprecedented, we don't know their final form, and it's too early to say how they will affect the economy," Barr said. But he said the risks are obvious. “In my opinion, higher tariffs could lead to disruptions in global supply chains and put ongoing upward pressure on inflation,” he said. He also pointed out that companies need time to adjust their distribution networks. Some suppliers, especially small businesses, may not adapt quickly enough and may go bankrupt, which exacerbates supply chain confusion. "I'm equally worried that tariffs will lead to an increase in unemployment as the economy slows down," Barr said. "So if we see both inflation and unemployment, the Fed could be in trouble."
DWF Labs partner Andrei Grachev posted on the X platform that some tokens have just been withdrawn into DWF Labs' public wallet, and DWF Labs is currently buying various altcoins in large quantities and will send them to the wallet one by one. Grachev added: "Perhaps we will build our own strategic reserves. We are thinking..."
Solana Lianchuang: Solana v2.2 computing power is improved by 20%
Solana co-founder Toly said on the X platform that the computing power in Solana v2.2 has increased by 20%, which is equivalent to adding 5 Ethereum Pectra upgrade capacity to the network.
Coinbase has considered adopting a Bitcoin buying strategy promoted by Michael Saylor in the past, but believes the plan is too risky. "We did have such moments over the past 12 years, whether we should put 80% of our assets into cryptocurrency—particularly Bitcoin,” Coinbase CEO Brian Armstrong said in a video speech on X Social Network. Coinbase finally decided to abandon the strategy because it could damage the company's cash position as a startup and could even "suffer" the San Francisco-based company. Still, Coinbase bought $153 million worth of cryptocurrency (mainly Bitcoin) in the first quarter, according to the company's latest shareholder letter. According to the letter, the company holds $1.3 billion worth of cryptocurrency (mainly Bitcoin) as an investment. Coinbase Chief Financial Officer Alesia Haas said the company does not want to be seen competing with clients investing in cryptocurrencies.
Professional MMA athlete Conor McGregor advocates Ireland's adoption of Bitcoin reserve strategy
Professional MMA athlete Conor McGregor tweeted that Ireland would adopt a Bitcoin reserve strategy, saying: "The original intention of cryptocurrency is to return power to the people. Ireland's strategic reserve of Bitcoin will give people the monetary power."
Project News
Lido announces that it will launch dual governance to reduce governance risks
The mobile staking agreement Lido announced on the X platform that dual governance will be launched soon and has shown an overview of the dual governance framework, including design, code selection, parameters, deployment and launch. Dual governance is a dynamic time-locking mechanism that allows stETH holders to exit Lido on Ethereum when facing a controversial Lido DAO governance proposal. By providing stETH holders with an exit path that is not affected by governance, dual governance represents an important step for Lido to reduce governance risks on the Ethereum protocol.
Resolv: RESOLV Token Genesis Activity Registration is now available, with a deadline of May 17
The Resolv Foundation announced on the X platform that the registration of the RESOLV token Genesis activity has now been launched, which is a necessary step to participate in airdrop collection. The deadline is 7:59 Beijing time on May 17. The snapshot of Season 1 was taken at 7:59 Beijing time on May 9th. Unregistered users will not be able to participate in the subsequent application process. After registration is completed, a Sybil check will be performed to verify eligibility. After the inspection is completed, the collection page will be opened immediately and will be valid for 30 days.
Previous news, Resolv announced RESOLV token Economics: Airdrop accounts for 10% of the first quarter and will open TGE registration this month.
Binance Alpha adds Doodles (DOOD)
According to the official page information, Binance Alpha has added Doodles (DOOD).
Doodles announces the DOOD token contract address
According to official news, Doodles announced the DOOD token contract address: DvjbEsdca43oQcw2h3HW1CT7N3x5vRcr3QrvTUHnXvgV.
Doodles launches AI decentralized narrative protocol DreamNet, users can earn DOOD rewards
NFT project Doodles officially launched the native token DOOD on the Solana blockchain, and has now opened airdrop applications. Bybit, Binance Alpha, Gate and other exchanges confirmed the launch of the token. The project simultaneously launched the decentralized AI narrative protocol DreamNet, which allows users to earn DOOD rewards by creating characters and story worlds. The first office survival game "Lord of the Files" has been launched, with a prize pool of 500,000 DOODs.
The total supply of DOOD is 10 billion, of which 30% of the community is allocated, 25% of the ecological fund, 17% of the team, and 13% of the new member plan, and the remaining is for liquidity and company operations. Doodles CEO Scott Martin said that the future plans to expand the token to the Base chain.
Moonshot announces launch of Doodles ($DOOD)
Moonshot announced the launch of Doodles ($DOOD). The token runs on the Solana chain and currently has a market capitalization of $77.2 million, with a 24-hour trading volume of $33.2 million.
Telegram launches gift market based on TON blockchain NFT
Telegram founder Du Rove announced on his personal channel that it has launched the Telegram Gift Market where users can instantly purchase gifts from other users or sell their own gifts. Telegram Gifts are a unique collection of NFTs based on TON blockchain. They were originally sold for only a few dollars, but now some gifts have soared to tens of thousands of dollars.
According to the official announcement, Ethereum re-staking agreement EigenLayer announced that it will launch the "Fine Confiscation Fund Redistribution" upgrade on the main network in June, which is an advanced function of its Slashing mechanism. This feature allows the Active Verification Service (AVS) to distribute the confiscated funds to the designated recipient instead of directly destroying them. The first batch of LST, EIGEN, USDC and AVS tokens (excluding ETH for the time being). The test network is scheduled to be deployed in Holesky and other networks in May.
This upgrade is an optional feature. AVS can design an incentive structure of "punishing invalid nodes - rewarding reliable nodes", but it needs to be equipped with enhanced key management (preventing the slasher module from being attacked) and smart contract security (it is recommended to adopt a multi-signature architecture/veto penalty confiscation mechanism). The agreement emphasizes that AVS needs to carefully design redistribution rules to avoid incentive distortion, such as balancing risk and benefits by fixed confiscation conditions. The redistribution mechanism provides a new paradigm for scenarios such as lending and insurance that require liquidity, such as using confiscation funds for user compensation or liquidation buffers.
Indonesian government may ask Worldcoin to delete 500,000 retinal data
The Indonesian Ministry of Communications and Digital (Komdigi) may delete 500,000 retinal data records collected by the World platform. The move stems from concerns about potential data breaches. Komdigi is investigating whether there are risks in storing retinal data. If evidence of such risks is found, these data may be permanently deleted.
World is a platform that provides authentication, which is under censorship for providing IDR 800,000 (USD 48.34) to users who scan the retina. After Komdigi's operating license was revoked, the platform stopped all scanning activities in Indonesia. World clarified that its cryptocurrency Worldcoin is not used for compensation; these tokens are optional incentives.
The next phase of $TRUMP will be announced on the dinner day on May 22
$TRUMP official tweeted that the next phase of $TRUMP will be announced in Washington, D.C. on the day of the dinner on May 22.
Cointelegraph's official X account is suspected to have been stolen and sent fraud links to the author of its platform. Encrypted KOL @thedefiedge posted a message saying that Cointelegraph's official X account sent him a private message asking him to review an article involving the author's content. The author clicked the link from the privacy window and then asked him to log in with an account X, but the domain name is "Cointetegraph", not Cointelegraph, and the domain name is misspelled. Previous market news said that Cointelegraph officially launched an on-chain token contract and closed comments, and the tweet has been deleted.
Regarding the previous TRUMP team's associated address, TRUMP officially responded that the transfer to CEX is intended to enhance liquidity and help ensure that both parties to the transaction can obtain TRUMP, and that this liquidity is provided by the liquidity wallet at the time of the initial issuance. The TRUMP team emphasized that all unlocked TRUMPs have been relocked recently and will not be transferred within the next 90 days.
Previous news , the $TRUMP team's associated address transferred 3.5 million TRUMPs into CEX in the past half an hour.
Important data
Encrypted KOL James Wynn currently earns over $39 million on HyperLiquid platform
According to Onchain Lens monitoring, crypto KOL James Wynn (@JamesWynnReal) currently has over $39 million in floating profits on the HyperLiquid platform.
James holds multiple long positions:
- PEPE (10x leverage): US$23.4 million.
- TRUMP (10x leverage): $5.7 million.
- BTC (40x leverage): $4.96 million.
- FARTCOIN (5x leverage): US$4.45 million.
Ethereum soared by 30% in one week, and is expected to hit its best weekly performance in four years
According to Jinshi data, Ethereum led the cryptocurrency rally this week, with the ease of global trade tensions and optimism about network escalation, and is expected to achieve its biggest gain since 2021. On Friday, the second-largest digital token, once soared 14% to $2,490, up nearly 33% this week, the biggest single-week gain since 2021, when excessive speculation and low interest rates drove the cryptocurrency boom in the pandemic era. Bitcoin, the largest digital currency, also rose 1.7% at one point to $104,336, said Valentin Fournier, chief research analyst at BRN. “The momentum is strong and may continue,” said. “New breakthroughs and policy support may attract new buyers.”
According to on-chain analyst Ember Monitor, Whale 0x20b has withdrawn a total of 23.46 million USDC from Binance in the past 27 hours and transferred it to Hyperliquid. Then, 187.5 HYPEs were opened with 5x leverage, with a position value of US$45.77 million.
The average opening price is US$20.4, and the liquidation price is US$30. The current loss has reached US$7.43 million (-32%).
According to on-chain analyst Yuchen Monitor, the giant whale 0x3c9 has accumulated 2 trillion PEPEs in the past nine days, and its current floating profit is as high as US$7.66 million as this rebound.
He started taking profit 20 minutes ago: transferring 500 billion PEPE (about 6.34 million US dollars) to Binance.
He currently holds 1.5 trillion PEPE worth $19.2 million.
A certain Ethereum IC0 whale deposits the remaining 1,900 ETH into Kraken
According to Lookonchain monitoring, 3 hours ago, the giant whale (Ethereum IC0 participant) who received 76,000 ETH ($23,560) in Genesis deposited the remaining 1,900 ETH ($4.44 million) into Kraken.
According to monitoring by on-chain analyst @ai_9684xtpa, the "smart money that bought low and sold WBTC at a low and sold high" that ambushed PEPE a week ago took advantage of this to make another profit of 3.53 million US dollars. This smart money is suspected to have sold 1 trillion PEPE (valued at approximately US$12.48 million) in the past 14 hours, while the remaining 1 trillion PEPE is still profitable at present of US$3.52 million, with an average price of US$0.00000895.
Trader James Wynn has made a cumulative profit of $46.5 million since March 13
According to Lookonchain monitoring, legendary trader James Wynn has been actively trading on Hyperliquid since March 13 and has accumulated a profit of $46.5 million in less than two months. Its current position:
- 40 times long BTC: Unrealized profit of US$5.4 million
- 10 times long PEPE: Unrealized profit of US$23.8 million
- 10 times long TRUMP: Unrealized profit of US$5.57 million
- 5 times long FARTCOIN: Unrealized profit of US$5.15 million
- 5 times long HYPE: Unrealized profit of US$31,400
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