Weekly preview | Initia mainnet and is listed on Binance; the US SEC holds the third crypto policy roundtable meeting, which will focus on custody issues

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PANews
04-20
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News Preview:

  • Balance will launch TGE on April 21st; Binance Alpha, Binance Contracts, and Gate.io will list Balance (EPT) on the same day
  • US Securities Depository and Clearing Company DTCC launches tokenized collateral management platform "AppChain", to be demonstrated on April 23rd
  • Cross-chain protocol Hyperlane will airdrop $HYPER on April 22nd
  • L1 blockchain Initia will launch mainnet on April 24th, with Binance listing its INIT token at 11:00 (UTC+8) on the same day
  • US SEC will hold the third crypto policy roundtable on April 25th, focusing on custody issues
  • Multiple Federal Reserve officials will deliver intensive speeches

April 21st

Macroeconomics:

At 8:30 PM, 2025 FOMC voter and Chicago Fed President Goolsbee will be interviewed by CNBC

Exchanges:

Binance Alpha and Binance Contracts will list Balance (EPT) on April 21st

Binance announces that Balance (EPT) trading will open on the Binance Alpha platform at 8:00 PM Beijing time on April 21st, 2025, with EPTUSDT perpetual contracts launching at 9:00 PM with up to 20x leverage. To celebrate the listing, all eligible Binance users will receive an airdrop of 3,500 EPT tokens in their Alpha account, to be completed before 8:10 PM on April 21st, 2025. Airdrop eligibility is limited to users who made purchases through Binance Alpha's spot or funding accounts between 00:00 on April 11th and 23:59 on April 17th, 2025.

Additionally, Gate.io will simultaneously list Balance (EPT) spot trading

Japanese crypto exchange Coinbook will be renamed "BACKSEAT Crypto Asset Exchange Co., Ltd." from April 21st

The Japanese crypto exchange Coinbook, which listed NIDT in 2023, has been fully acquired by BACKSEAT Co., Ltd. and will be renamed "BACKSEAT Crypto Asset Exchange Co., Ltd." on April 21st. The official website will also migrate to backseat-exchange.com. The new management will focus on promoting Web3 development and blockchain business expansion.

(Translation continues in the same manner for the rest of the text)

Argentine Congress to Officially Launch Investigation into Government Officials' Relationship with Libra on April 23

The lower house of the Argentine Congress has approved the establishment of a special committee to investigate the role of government officials in the issuance and collapse of the Libra token project. The committee, consisting of 24 members, will review testimonies to confirm whether President Javier Milei, his sister Karina Milei, and other government officials were involved in the token's issuance and subsequent collapse. The investigation will commence on April 23 and must submit a report within three months, clearly identifying responsibilities.

Milei first announced the Libra token plan in February, claiming it would support small and medium-sized enterprises in Argentina. However, within hours of its issuance, the token's price plummeted, causing losses for tens of thousands of investors. This congressional investigation is one of several investigations by domestic and international institutions into the Libra token incident, including the Argentine courts and the US Department of Justice, all aimed at uncovering the truth.

Google to Enforce MiCA Crypto Advertising Rules in the EU from April 23

Google will enforce crypto advertising regulations compliant with the Markets in Crypto-Assets (MiCA) regulation in Europe starting from April 23, 2025.

US Securities Depository DTCC Launches Tokenized Collateral Management Platform "AppChain", to be Demonstrated on April 23

The Depository Trust and Clearing Corporation (DTCC) announced the launch of a real-time tokenized collateral management platform called "AppChain", which will be demonstrated at the DTCC "Critical Collateral Experiment" event on April 23. The platform aims to enhance global collateral circulation efficiency and liquidity, optimize capital utilization, and "build an open digital liquidity ecosystem for market participants to deploy digital applications". The technical architecture shows that AppChain is developed based on the Besu platform of LF Decentralized Trust under the Linux Foundation.

DTCC noted that increasingly complex market environments and cost pressures have made the demand for efficient, high-quality collateral solutions more urgent. Through collateral tokenization, the platform seeks to break down traditional "siloed" system barriers and significantly improve cross-system collateral circulation speed.

[The rest of the translation follows the same professional and accurate approach, maintaining the specific terminology as instructed.]

The U.S. Securities and Exchange Commission (SEC) disclosed details of its third cryptocurrency policy roundtable meeting, scheduled for April 25th, which will focus on custody issues with two panel discussions - one on broker-dealer and wallet custody, and another on investment advisor and investment company custody. The broker-dealer panel members include: Jason Allegrante from Fireblocks, Rachel Anderika from Anchorage Digital, Terrence Dempsey from Fidelity Investments, Mark Greenberg from crypto exchange Kraken, Veronica McGregor from Exodus, Brandon Russell from Etana Custody, and Tammy Weinrib from Copper.co.

Bosera Ethereum ETF Approved to Participate in Staking Activities from April 25th

Bosera Ethereum ETF (03009) and its USD counter (09009), one of Hong Kong's first virtual asset ETFs, has been approved to participate in Staking activities from April 25th. Bosera International's Chairman and CEO Lian Shaodong stated that they will continue to leverage their advantages in investment and financial technology, further promoting the integration of traditional finance with Web 3, serving as a bridge between on-chain and off-chain, while enriching market products.

Token Unlocks:

Venom (VENOM) will unlock approximately 59.26 million tokens at 4 PM Beijing time on April 25th, representing 2.86% of current circulating supply, valued at around $7.9 million

AltLayer (ALT) will unlock approximately 240 million tokens at 6 PM Beijing time on April 25th, representing 7.92% of current circulating supply, valued at around $6.9 million

April 26th

None

April 27th

Token Unlocks:

Undeads Games (UDS) will unlock approximately 21.94 million tokens at 8 AM Beijing time on April 27th, representing 30.54% of current circulating supply, valued at around $14.9 million

Velo (VELO) will unlock approximately 182.8 million tokens at 8 AM Beijing time on April 27th, representing 2.47% of current circulating supply, valued at around $2.3 million

Specific Time to be Determined

Project Updates:

Sonic Labs: .sonic Domain Public Sale Planned to Start Next Week

Sonic Labs announced on X platform that .sonic domains are ready, and users can now check their emails. Waitlist users can now claim domains on Unstoppable Domains, with the public sale of .sonic domains planned to start next week.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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