BlockBeats will organize the key industry news content of the week (4.21-4.27) in this article, and recommend in-depth articles to help readers better understand the market and learn about industry trends.
Important News Review
Trump will host a dinner for the top 220 TRUMP holders, which has sparked criticism from senators; and TRUMP's largest holder "Sun" is suspected to be the HTX cold wallet
On April 24, the official TRUMP token announced on social media that it would hold a private dinner at the Trump National Golf Club in Washington, DC on May 22, 2025, inviting the first 220 TRUMP coin address holders to attend. As soon as the news came out, TRUMP rose by more than 75% in a short period of time, breaking through $16 at one point.
According to the arrangement, the top 25 whale holders will also be invited to attend an exclusive reception and enjoy a VIP White House tour the next day. Officials revealed that President Trump himself will attend the dinner as a special guest, but at the same time emphasized that if Trump is unable to attend due to force majeure or other reasons, eligible invitees will receive a limited edition TRUMP NFT as compensation. In addition, all dinner-related expenses must be borne by the invitees themselves, and they must be over 18 years old, complete a security review and sign a disclaimer. To cooperate with this dinner event, the official announced that the first batch of unlocked tokens and the TRUMP coin shares released daily in the next three months will be locked for an additional 90 days.
However, the Trump dinner and token plan have also sparked political controversy. Chris Murphy, a Democratic senator from Connecticut, criticized that the Trump coin dinner may be "the most blatant corruption of any president." Another senator, Jon Ossoff, also said he would impeach Trump based on this.
On the 25th, according to Arkham monitoring, the first VIP seat of the TRUMP dinner, "Sun", was registered using the HTX cold wallet. Information on the chain shows that the wallet contains $14.6 million worth of TRUMP, accounting for 27.81% of the total assets in the wallet. The largest asset is BAN. Related reading: "Trump holds a dinner for $TRUMP buyers, allowing whale to earn $730,000 in 30 minutes" , "Who will have dinner with Trump?"
Trump eases tariffs and denies firing Powell, crypto market cap returns to $3 trillion, Bitcoin rebounds above $95,000
On April 23, US President Trump said that tariffs on Chinese goods would not be as high as 145%, and were expected to drop significantly, but would not be completely eliminated. When asked whether he would take a tough stance on China, Trump said he would not. On the same day, the Wall Street Journal quoted sources as saying that Trump had decided not to fire Federal Reserve Chairman Powell in the end, as US Treasury Secretary Bensont and Commerce Secretary Lutnick warned that such a move could have serious consequences. Previously, the White House legal team had begun to study the feasibility of the relevant laws. Perhaps affected by this, the cryptocurrency market rebounded, with the total market value rebounding to over $3 trillion, a 24-hour increase of 4.07%, and the value of Satoshi Nakamoto's Bitcoin holdings returned to above $100 billion.
On the issue of tariffs, the US is still discussing different options. According to the Wall Street Journal on the 23rd, the Trump administration is considering two tariff adjustment plans for China: the first is to reduce the current tariff rate to around 50%-65%; the second is a "tiered plan" that divides Chinese goods into two categories, imposing a 35% tariff on goods that "do not involve national security" and at least 100% tariffs on goods that are "strategically significant." However, White House Press Secretary Levitt emphasized that Trump's position on tariffs on China "has not softened."
On the 24th, Chinese Foreign Ministry spokesman Guo Jiakun made it clear at a regular press conference that China and the United States have not yet held consultations or negotiations on tariffs, let alone reached an agreement. The Ministry of Commerce also stated on the same day that if the United States really wants to solve the problem, it should completely cancel all unilateral tariff measures against China. On the 25th, Bitcoin continued to rise, breaking through the $95,000 mark again after 55 days.
Over the past week, the United States has been sending confusing and even contradictory signals on the issue of tariffs on China. On the 26th, the Wall Street Journal reported that Trump further stated that he was "unlikely" to approve a new 90-day tariff suspension. When communicating with accompanying reporters, he emphasized: "Unless China makes substantial concessions, the tariffs imposed on China will not be lifted." Related reading: "The crypto market has skyrocketed. Is it a reversal or a rebound? | Trader Observation" , "Bitcoin soared 7%, has the "digital gold" narrative returned?" , "Bitcoin has returned to 90,000, which copies are worth looking forward to? " , "Full text of U.S. Treasury Secretary Benson's speech and Q&A: It will take 2-3 years for China and the United States to reach a trade agreement"
21 Capital, owned by the son of the US Secretary of Commerce, raised $3 billion to establish a Bitcoin investment fund in cooperation with SoftBank, Tether and Bitfinex
On April 23, the Financial Times reported that Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chairman of brokerage Cantor Fitzgerald, is working with SoftBank Group, Tether and Bitfinex trading platform to set up a Bitcoin investment fund. The fund, called "Cantor Equity Partners," plans to raise $3 billion worth of Bitcoin through the newly established 21 Capital. Among them, Tether plans to invest $1.5 billion, SoftBank Group and Bitfinex will inject $900 million and $600 million respectively. The Financial Times revealed that the project is expected to be officially announced in the coming weeks. However, the transaction has not yet been finalized, and the specific details may still be subject to change. Related reading: "Crypto Market under the Trump Regime: The Son of the U.S. Commerce Secretary and SoftBank Join Hands in"
Trump Media & Technology Group finalizes its crypto ETF issuance agreement
On April 22, Trump Media Technology Group (DJT.O) officially finalized the ETF issuance agreement with Crypto.com and Yorkville America Digital. BlockBeats previously reported that on March 25, Trump Media Technology Group announced that it had reached a preliminary cooperation intention with the crypto trading platform Crypto.com, and planned to jointly launch a series of ETFs and related products through its financial technology brand Truth.Fi. It is expected to be officially launched in 2025, and it is still subject to the signing of a final agreement and regulatory approval. The new fund will be provided with technical support and crypto asset custody by Crypto.com, covering cryptocurrencies such as Bitcoin, and will also include securities assets related to the theme of "Made in America", covering multiple industries such as energy. Trump Media Technology Group plans to use up to $250 million of its own funds to participate in the investment, and the funds will be managed by Charles Schwab.
UN report: Illegal cryptocurrency projects such as Huiwang Guarantee are "powerful tools" for cybercrime groups
On April 21, a new report from the United Nations Office on Drugs and Crime (UNODC) showed that East Asian and Southeast Asian criminal groups have expanded globally, using illegal crypto mining to launder billions of dollars. They have infiltrated areas with weak regulation and built an underground crypto ecosystem. The Cambodian platform Huiwang Guarantee (now Haowang) has become a money laundering hub, with more than $24 billion in circulation since 2021, accelerating the transfer to Telegram, stablecoins, blockchain and online gambling to evade regulation.
Binance announces listing and delisting standards
On April 25, Binance released an announcement detailing its listing and delisting standards on Binance Alpha, futures, and spot platforms, with the following highlights:
1. Alpha selection criteria:
Non-circulating projects: Evaluate project fundamentals, token economics, technical risks, team background, and compliance.
· Circulating projects: In addition to the above, additional consideration is given to secondary market performance, such as trading volume, liquidity, historical volatility, FDV, and market capitalization.
2. Contract launch standards:
Projects that have launched Alpha: focus on the transaction volume, price stability, compliance and token unlocking plan in the Alpha stage. If there are no major negative changes, they can enter the contract platform.
New projects that have not yet launched Alpha: must meet comprehensive assessments of fundamentals, token economics, technical risks, team background, and compliance.
3. Spot listing standards:
Projects with Alpha/contracts launched: high trading volume, stable prices, good compliance, and compliance with token distribution and unlocking plans are required.
New TGE projects: focus on fundamentals, token economics, technical risks and team compliance.
In addition, Binance emphasized that it will continue to monitor the market performance, team background, compliance and security of the projects, and projects that do not meet the standards will face delisting.
Binance launched the Alpha Point scoring system this week, which will determine the wallet TGE and Alpha airdrop qualifications
On April 25, according to official news, the latest version of Binance App launched the Alpha Point scoring system. According to official explanation, the system is used to evaluate the user's activity in the Binance Alpha and Binance Wallet ecosystems, and determine whether they are eligible to participate in activities such as Wallter TGE and Alpha token airdrops. Binance Alpha points are calculated daily based on the user's asset balance in Binance CEX and Binance private keyless wallet addresses in the past 15 days, as well as the sum of the number of Alpha tokens purchased. Currently, selling Alpha tokens will not contribute Alpha points.
Binance Wallet launched two new TGEs this week: Hyperlane raised 69.22 times; OKZOO raised 600 times
On April 21, Binance Wallet TGE announced the launch of Hyperlane. The new rules for this event are as follows: a valid purchase of at least $20 worth of Binance Alpha tokens must be completed through Binance Wallet (keyless) or Binance between 00:00:00 UTC on March 22, 2025 and 23:59:59 UTC on April 20, 2025. The next day, Hyperlane ended its investment and distributed tokens, and finally invested 70,047.45 BNB, 69.22 times more than the fundraising.
On April 25, Binance Wallet announced the launch of the 12th TGE: OKZOO. Participants are required to have at least 45 Binance Alpha points. According to the project homepage, OKZOO is a BSC ecological DePin project, "the world's first city-scale decentralized environmental data network driven by advanced AIoT machines." In the end, OKZOO oversubscribed 600 times. Related reading: "Binance Wallet IDO Survival Report: Real data from 10 projects proves that narrative is more important than traffic?"
Musk and the US Treasury Secretary had a heated argument at the White House last week
On April 24, AXIOS reported, citing people familiar with the matter, that Musk, head of the U.S. Government Efficiency Department (DOGE), and U.S. Treasury Secretary Bessant had a heated argument at the White House last Thursday over personnel appointments at the IRS, and the noise was so loud that President Trump and other officials present looked at them sideways. An eyewitness said, "Two billionaire, middle-aged men treated the lobby of the West Wing of the White House as a WWE arena." "They didn't fight in the Oval Office, but the president witnessed the conflict. The two then extended the dispute to the corridor and had another heated argument," Bessant criticized Musk for promising too much to cut DOGE's budget but not delivering on it. Musk retorted, calling Bessant "Soros' agent" and accusing him of running "a failed hedge fund." It is reported that the two sides argued so fiercely that they even "butted their chests" at one point, and eventually an assistant intervened to separate the two. Related reading: "One month before leaving office, has Trump and Musk's political alliance broken down?"
Paul S. Atkins officially took office as the 34th Chairman of the U.S. SEC this week
On April 22, according to the official announcement of the U.S. Securities and Exchange Commission (SEC), Paul S. Atkins has officially assumed office as the 34th Chairman of the U.S. SEC. Paul S. Atkins was nominated by Trump on January 20 and confirmed by the U.S. Senate on April 9 with 52 votes to 44. He was a former SEC commissioner and has long been involved in digital asset and market regulatory reforms, emphasizing regulatory transparency and cost-effectiveness.
Fed withdraws 2022 banking guidance on crypto activity
On April 25, the Federal Reserve announced the withdrawal of regulatory guidance on banks' crypto assets and US dollar token businesses, and simultaneously updated relevant business expectation standards. The move is intended to ensure that regulatory requirements keep pace with risk evolution and further support innovation in the banking system. The announcement shows that the Federal Reserve officially rescinded the regulatory letter issued in 2022, which previously required state member banks to make prior filings for proposed or existing crypto asset businesses. After the revocation, the Federal Reserve will no longer require banks to fulfill their reporting obligations, and will instead monitor related activities through regular regulatory procedures. Related reading: "The Federal Reserve's "Operation Choking Point 2.0" has ended. What does the bank's loosening mean for the crypto market?"
Ethereum Foundation to hold 10th anniversary celebration of Genesis Block on July 30
On April 24, the official blog of the Ethereum Foundation announced that it will celebrate the 10th anniversary of the Ethereum Genesis Block at 3:26:13 pm (UTC) on July 30. The Ethereum Foundation will support a series of global gatherings, on-chain artifacts, and live broadcasts to welcome the arrival of the next decade of Ethereum. The Ethereum Ecosystem Support Program (ESP) will provide up to $500 in funding support for eligible community events. Applications must meet the following conditions: focus on Ethereum, free participation, open to the public, and held on July 30.
Gitcoin announces closure of Grants Lab, its main software development division, due to lack of sustainable profit model
On April 25, Gitcoin co-founder Kevin Owocki posted on social media that Gitcoin will close its main software development department Grants Lab and say goodbye to some outstanding team members. This is one of the most difficult decisions since the establishment of Gitcoin. Behind this decision is the change in the ecological environment: the way of funding public products is evolving, the L2 ecosystem is gradually maturing, the collaboration mechanism is constantly innovating, and new competitors are constantly emerging. At the same time, key members of Grants Lab have left one after another, and the team lacks a clear and sustainable profit model in its current form, resulting in its financial expenditure exceeding its affordable range. Therefore, Grants Lab will no longer apply for the budget for the second half of 2025, and the remaining funds will be used to pay severance pay to affected employees. Gitcoin said they will do their best to support the transition of departing employees in a respectful and caring manner.
Ethereum L2 network Zora completed TGE this week, but airdrop allocation raised questions among users
On April 23, the Ethereum L2 network Zora launched its native token ZORA and started airdrops. At the same time, Binance opened ZORA token trading on the Alpha platform and airdropped 4,276 ZORA tokens to eligible users. Zora's official airdrop distributed 1 billion ZORA tokens to 2,415,024 addresses, but each person only received 1,571.1 ZORA, equivalent to about $37. However, the tokens obtained by speculators and Binance Alpha users who have recently participated far exceed those of native users, which has aroused widespread anger in the community and is also considered a betrayal of early supporters. In addition, the Zora airdrop snapshot is divided into two parts, but the specific distribution criteria have never been made public, and the whole process lacks due transparency. Related reading: "Zora Coin Issuance Bureau: The Transformation from NFT Xiaoqing to Social Maniac" , "ZORA Airdrop Overturned: Early Users "Liver" for Four Years, Less Than $40 Per Person"
Singapore Exchange plans to launch Bitcoin perpetual futures in the second half of this year, targeting institutional and professional investors
On April 21, The Business Times reported that the Singapore Exchange (SGX) announced plans to launch Bitcoin perpetual futures in the second half of 2025, targeting institutional and professional investors. The move is in line with the broader trend of traditional exchanges entering the crypto derivatives market, which is driven by the increased demand for digital assets and the strong support of cryptocurrencies by US President Trump. Perpetual futures allow investors to trade on the movement of cryptocurrency prices, but unlike traditional futures, these derivatives have no expiration date.
Circle to launch new payments and cross-border remittance network to compete with Visa and Mastercard
On April 21, Circle, the issuer of the stablecoin USDC, announced that it would launch a new payment and cross-border remittance network - the company's "next product initiative." A person familiar with the matter said: "Circle is launching a payment network, initially aimed at remittances, but ultimately aimed at competing with Mastercard and Visa." The new product launch is aimed at banks, fintech companies, payment service providers, remittance service providers, and strategic partners of USDC. Circle CEO Jeremy Allaire will share his vision for the stablecoin giant's next move in the payment field at the event.
One-third of South Korea’s wealthy currently own cryptocurrencies
On April 21, Cointelegraph revealed that one-third of South Korea’s wealthy now hold cryptocurrencies. The Hana Financial Research Institute said in its 2025 South Korea Wealth Report: “The high-net-worth population’s expectations for the growth of virtual assets indicate that the field is maturing.”
KiloEx released an analysis of the hacking incident: Because the contract did not rewrite key functions, user assets have been 100% returned
On April 21, KiloEx released a root cause analysis report on the hacking incident. The report pointed out that the cause of the incident was that the TrustedForwarder contract in its smart contract inherited OpenZeppelin's MinimalForwarderUpgradeable but did not rewrite the execute method, causing the function to be called arbitrarily. The attack occurred from 18:52 to 19:40 (UTC) on April 14, and the attacker deployed malicious contracts on opBNB, Base, BSC, Taiko, B2 and Manta chains to launch the attack. After KiloEx negotiated with the attacker, the other party agreed to keep 10% as a bounty, and the remaining assets have been returned to the project's multi-signature wallet. The platform has completed the vulnerability repair and resumed operations (user assets have been 100% returned).
SOL Strategies Enters into $500 Million Convertible Note Financing Agreement to Increase Stake in SOL
On April 23, according to official news, "Solana version of MicroStrategy" SOL Strategies announced that it has reached a $500 million convertible note financing agreement with ATW Partners, which is intended to be used to increase holdings of SOL. Officials said that this is the largest financing transaction of its kind in the Solana ecosystem to date, and SOL Strategies plans to promote the development of an institutional pledge platform. Related reading: "A listed company has started a $500 million "buy, buy, buy" mode, and SOL has become the next BTC for MicroStrategies" , "From BTC to SOL: A new trend in the allocation of traditional corporate crypto assets"
ZKsync developer Matter Labs sued for alleged intellectual property theft
On April 22, CoinDesk reported that ZKsync development company Matter Labs was sued by the defunct digital asset banking platform BANKEX, accusing it of intellectual property theft. The lawsuit stated that in 2017, Ethereum co-founder Vitalik Buterin commissioned BANKEX to develop software for Plasma technology. Vlasov and Korolev were responsible for the project as BANKEX employees, but the two were accused of secretly establishing Matter Labs, transferring BANKEX technology and making profits. The lawsuit also involves Matter Labs co-founder Alex Gluchowski, investment institution Dragonfly and Placeholder Capital partner Chris Burniske, alleging that they were suspected of involvement or knowledge. A Matter Labs spokesperson responded that the accusation was "groundless" and that ZKsync was an original technology and had nothing to do with BANKEX.
Crypto investment company Unicoin refuses to settle with the US SEC and will fight the charges in court
On April 22, Decrypt reported that crypto investment company Unicoin is preparing to go to court with Wall Street's top regulator as the U.S. Securities and Exchange Commission (SEC) has said it will continue to hold the Miami-based company accountable. According to Unicoin co-founder Alex Konanykhin, the SEC Enforcement Division gave Unicoin until April 18 to participate in settlement negotiations on charges of intentional violations of registration and anti-fraud provisions of federal securities laws. That deadline has now passed, and Konanykhin said he has no intention of reaching a settlement, but instead vowed to defend himself in court.
Malaysian Prime Minister Meets Binance Founder CZ This Week to Promote Blockchain and Tokenization Adoption
On April 23, Malaysian Prime Minister Anwar Ibrahim met with Binance founder CZ to promote the adoption of blockchain and tokenization. The meeting highlighted Malaysia's goal to become a regional blockchain innovation hub. Anwar promised to work closely with regulators to establish a favorable legal framework to support and promote the development of digital assets. The visit is part of CZ's strategy to strengthen relationships with emerging markets in terms of digital financial policies.
NBA star O'Neal reached a settlement with FTX lawsuit and accepted nearly $750,000 in promotion fees
On April 24, Cointelegraph reported that former NBA star Shaquille O'Neal has reached a settlement with investors who suffered losses due to the bankruptcy of FTX. Court documents show that the settlement amount is confidential, and the specific terms will be disclosed after the investors formally apply for preliminary approval from the court. O'Neal, along with other celebrities and athletes, was accused of promoting the bankrupt FTX trading platform, allegedly causing losses to investors. O'Neal was officially served with the FTX class action lawsuit at home on April 17, and was required to appear in federal court and explain to the public that it was FTX's "false advertising campaign." FTX paid O'Neal nearly $750,000 in promotion fees, tennis star Naomi Osaka about $308,000, Jacksonville Jaguars quarterback Trevor Lawrence nearly $206,000, and former Boston Red Sox player David Ortiz about $271,000.
Coinbase and PayPal reach cooperation to promote PYUSD payment application
On April 24, Coinbase is expanding its partnership with PayPal to accelerate the adoption, distribution, and use of PayPal's USD stablecoin (PYUSD). Coinbase will support 1:1 redemption of PYUSD with the U.S. dollar through its custody and trading platforms, thereby enhancing the utility of PYUSD and exploring new on-chain use cases for PYUSD.
JD Group Vice President: JD’s issuance of stablecoin aims to enhance global supply chain and cross-border payment capabilities
On April 22, according to the Daily Economic News, recently, Dr. Jianguang Shen, Vice President and Chief Economist of JD Group, accepted an exclusive interview in Hong Kong. He pointed out that stablecoins are decentralized commercial issuances at the company level, and are subject to small fluctuations due to macroeconomic factors. JD issued stablecoins to further enhance JD's global supply chain and cross-border payment capabilities. At present, JD has entered the "sandbox" testing phase of stablecoin issuance in Hong Kong. The formulation of Hong Kong's stablecoin-related bills is still in progress and there are no clear terms. It is expected that after the approval of Hong Kong's "Stablecoin Bill", the Hong Kong Monetary Authority can officially release the specific details of the stablecoin.
This week’s big funding rounds: Arch Labs, BitradeX, Symbiotic, Theo, Nous Research, Manus Development Team
On April 22, it was reported that Arch Labs, a blockchain infrastructure development company, had completed a $13 million Series A financing round, with a valuation of $200 million. The round was led by Pantera Capital.
On April 23, it was reported that digital asset trading platform BitradeX completed a £12 million Series A financing round led by Bain Capital. The financing funds will be used to accelerate BitradeX's global expansion, launch AI Strategy Labs in London, Hong Kong and Singapore in the next six months, and enhance its proprietary technology stack and compliance infrastructure.
On the same day, the cryptocurrency equity agreement Symbiotic announced the completion of a US$29 million Series A financing round led by Pantera Capital, with participation from Coinbase Ventures and more than 100 angel investors from teams such as Aave, Polygon and StarkWare.
On April 24, it was reported that startup trading platform Theo raised $20 million in two rounds of funding, including a $4.5 million seed round led by Manifold Trading in March 2024, and a year later, a $15.5 million second round led by Hack VC and Anthos Capital. Both rounds were token warrants, or promises to allocate cryptocurrencies that have not yet been issued.
On April 25, it was reported that decentralized AI startup Nous Research completed a $50 million Series A financing round, which was almost entirely provided by crypto venture capital giant Paradigm. This financing brought the valuation of Nous' token to $1 billion.
On the same day, Bloomberg reported that the Chinese startup behind Manus AI raised $75 million in a round of financing led by US venture capital firm Benchmark. The round reportedly also included participation from existing investors, increasing the startup's valuation fivefold to nearly $500 million. The company, called "Butterfly Effect," plans to use the funds to expand into markets such as the United States, Japan and the Middle East, according to the report.
This week's hot articles
"Farcaster's big transformation, a16z spent $180 million to destroy Web3 social networking"
Farcaster's development history reveals the gap between Web3 social applications and ideal narratives: from the initial emphasis on decentralization and encouraging developers to build an ecosystem, to the current shift to assets as the core and commercialization through built-in wallets and Mini Apps, Farcaster has essentially become an asset distributor driven by token incentives. User activity and community enthusiasm are highly dependent on the money-making effect rather than the social experience. This not only reflects the dilemma of decentralized social networking in user growth and content sedimentation, but also indicates that the crypto narrative is declining. After the halo of venture capital fades, the entire industry begins to face the gap in real value and demand.
After accumulating 200 million yuan in assets, a crypto player was set up by a fraud gang disguised as a successful girlfriend. After more than two years of preparation and emotional manipulation, he was eventually defrauded of all his property. The scammers forged career backgrounds, created investment returns, and frequently set up crises to constantly guide victims to transfer money until they completely emptied the other party's trust and funds. This scam reveals that people who have become rich in the crypto are easily targeted due to loneliness and greed. What is really dangerous is the confidence that they think they will not be deceived.
Canadian listed company SOL Strategies signed an agreement with ATW Partners to establish a convertible note financing mechanism of up to US$500 million to specifically purchase and pledge SOL tokens. The first batch will issue US$20 million in notes, and the interest will be paid with the pledge income. The company was formerly known as Cypherpunk Holdings. In recent years, it has fully turned to the Solana ecosystem, liquidated Bitcoin and non-core assets, significantly increased its holdings and pledged SOL, and verified that node operations and revenue have grown rapidly. At the same time, with the approval of the SOL ETF and the influx of funds, SOL Strategies has become the largest listed company in North America that focuses on Solana. Similar to MicroStrategy's role in Bitcoin, it is seen as an important force in promoting the accelerated development of the Solana ecosystem.
"How did you make $100,000 in Polymarket in 3 months?"
This article details the author's strategy to earn $100,000 by arbitrage between prediction markets. The author leverages the differences in pricing of the same event on different platforms to lock in risk-free profits, focusing on pricing errors in multi-outcome markets. The core steps include identifying price gaps, acting quickly, automating monitoring, and exiting early to extract APY. The author emphasizes the importance of small markets, volatility, and double-checking the rules, providing an efficient guide to Web3 arbitrage.
"SUI surged 30% in one day. What projects in the ecosystem are worth paying attention to?"
Against the backdrop of the overall recovery of the crypto market, the SUI ecosystem performed particularly strongly, with an overall increase of more than 23%. Among them, many projects such as DeepBook, Cetus, Momentum, etc. have increased significantly. The ecological layout has shifted from the original game to the transaction chain, not only covering DeFi, AI, NFT and other fields, but also introducing innovative technologies such as DeepBook native order book, Walrus airdrop, zkLogin, etc., providing good support for mobile and on-chain applications.
"SUI's growth momentum comes from a 54% increase in three days?"
SUI recently broke through the historical pressure level against the trend with a 54% increase in three days and strong data, demonstrating its full-stack rise achieved through technical architecture innovation, ecological flywheel explosion and capital potential resonance; on the basis of high performance and decentralization, Sui has created a complete layout from DeFi, Meme+AI to hardware ecology, and attracted mainstream institutions to enter the market to reshape the valuation logic, marking that the blockchain competition has officially entered a new stage of "digital economic operating system".
One month before leaving office, has the political alliance between Trump and Musk broken down?
Musk and Trump were once close because they jointly promoted government reforms, but their relationship gradually broke down as tariff policies triggered conflicts of interest. Although the government efficiency department led by Musk saved huge expenses, it caused a huge backlash because it damaged vested interests, causing Tesla to suffer setbacks and a significant reduction in personal assets. In the end, Treasury Secretary Bessant overpowered Musk in a White House dispute, and Trump also chose an ally that was more in line with his own interests, marking Musk's marginalization in the center of power and the end of this short-lived marriage between technology and politics.
"ZORA airdrop fails: early users spent four years on it, but each user received less than $40"
After years of preparation, Zora's coin issuance caused massive disappointment in the community. The airdrop amount was too low and the distribution was extremely uneven. The value of the tokens received by most users was not enough to pay the gas fee, but large holders easily divided up a large number of rewards. In addition, the tokens themselves had no practical use, the distribution rules were not transparent, and the team held too many coins, which further angered early supporters. The reputation on the chain collapsed, the activity dropped sharply, the ecological transformation and on-chain social networking were also questioned, and a full-scale trust crisis broke out.
"The bull market is back. Can Ethereum's Pectra upgrade turn the tide?"
Ethereum faces fierce competition from new public chains such as Solana, with prices not reaching new highs and activity declining. The Pectra upgrade and RISC-V proposal aim to improve scalability, reduce costs, and maintain security and compatibility. At the same time, Solana has risen rapidly with its high efficiency and low cost, challenging Ethereum's position.
After the AI project JuliaOS was launched on the Solana chain, its market value quickly soared from $650,000 to $25 million, sparking controversy because more than half of the tokens were controlled by early binding addresses. JuliaOS is a multi-chain AI Agent framework developed in the Julia language, founded by a Norwegian team, with consultants from the Qubic project, and focusing on the Swarm cluster architecture that combines mainstream chains and models. Although the project's technical direction and programming language selection have been partially recognized, the anonymous team and opaque early pre-sale arrangements have aroused the vigilance of players on the chain. The current market value has fallen sharply, and the market is full of wait-and-see attitudes about its subsequent transparency and community trust building.
Aptos' new proposal aims to cut staking income and provide bonuses to large investors
The AIP-119 proposal put forward by the Aptos community plans to reduce the staking yield from about 7% to 3.79% in stages within three months to ease inflationary pressure, improve the efficiency of capital use, and promote a healthier development of the ecosystem. Despite concerns about the loss of profitability of small nodes and capital outflow, supporters believe that this is a key step in breaking the dependence on high APY and reshaping the Aptos economic model, marking Aptos' active adjustment in governance, ecological incentives and long-termism.
"Fiat Currency on-chain" ceiling, the network effect of stablecoins
Stablecoins break the traditional payment trilemma with "better, faster, and cheaper", providing global users with an open payment network that is all-weather, low-cost, and permissionless. They are evolving from intermediary tools to mainstream value carriers. Although they still face bottlenecks such as fiat currency exchange, as the network effect expands, stablecoins are expected to reshape the global financial landscape.
Vitalik and Balaji's Top Ten Predictions: Encryption, AI, and the Future Order
At the recent The Network State event, Balaji and Vitalik discussed in depth Ethereum’s center-left positioning in the crypto world, DeFi’s transformation from a pipeline to an alternative financial system, the future of the U.S. dollar and stablecoins, the amplification of human intentions by artificial intelligence, and DeSci’s potential as a transformative force in the medical industry. The two agreed that the future will not be achieved through reforms of the old system, but through the reconstruction of a new world order through on-chain coding.
As the SOL ETF process accelerates, the Solana Foundation has launched a new policy of "one in and three outs", attempting to enhance the independence of validators by removing validators who rely on foundation delegation and have less than 1,000 SOL staked externally. However, this may actually lead to the elimination of a large number of small and medium-sized nodes, exacerbating the risk of centralization. Although the policy has a buffer period, in the context of the influx of institutional funds and the rise of large nodes, if the Solana ecosystem is to truly achieve decentralization, it is necessary to lower the threshold for validator participation.
After two years of preparation, the blockchain version of the classic game "MapleStory" MSU is about to be publicly tested and start token issuance. The core economic system is designed around three bidirectionally convertible asset forms: $NXPC, $NESO and NFT. Through a unified asset pool and mechanism innovation, it opens up prop circulation and value closed loops, and strives to support the entire economy with $NXPC in a no-in-app-purchase mode. Although this strong financial attribute may affect the diversity and fun of the game, it also provides a bold and noteworthy experiment for traditional large-scale online games to enter the Web3 field.
"Bloomberg: Have U.S. Treasuries really lost their safe-haven appeal?"
When Trump's tariff increase triggered market turmoil, U.S. Treasuries failed to become a safe haven as in the past, but fell along with risky assets, with yields recording the largest weekly increase in two decades. Investors are worried about inflationary pressure, policy uncertainty and widening fiscal deficits brought about by tariffs, and some funds are pouring into other safe-haven assets such as cash, German government bonds and gold. At the same time, factors such as foreign reductions and hedge fund trading liquidations have also exacerbated the abnormal volatility of the U.S. Treasury market, and the market has begun to re-evaluate the status of U.S. Treasuries as a global "risk-free" asset.
"Full text of Vitalik's long-term L1 executive layer proposal: replacing EVM with RISC-V"
Vitalik proposed to replace the existing EVM with RISC-V as the Ethereum smart contract virtual machine language, in order to fundamentally optimize the performance of the execution layer, break through the expansion bottleneck and simplify the system structure, while retaining core abstractions such as accounts and storage, ensuring that the development experience does not change much, and achieving two-way compatibility between EVM and RISC-V contracts. The ultimate goal is to significantly improve the proof efficiency of ZK-EVM on the basis of ensuring compatibility, and promote the Ethereum execution layer to move towards a more concise and efficient architecture.
"Without perpetual interest rates, DeFi will never be complete?"
Although a large floating interest rate market has been established in DeFi, there is still a lack of native tools like CME interest rate futures to hedge interest rate risks. Due to the lack of linkage mechanism with traditional financial interest rates, the interest rates of protocols such as AAVE in DeFi fluctuate violently and are in a premium state for a long time. By introducing interest rate perpetual contracts anchored to DeFi and TradFi interest rates, it can not only help borrowers and lenders effectively hedge interest rate fluctuations, but also pave the way for fixed-rate loans, improve market efficiency, attract more traditional financial institutions to participate, and achieve the integration of the two.
《Is Base "stealing" Ethereum's GDP?》
Base has risen rapidly in the Ethereum ecosystem. Although it has brought user growth and application vitality, it has also impacted the fee income of the Ethereum main network and the ETH burning mechanism, forming the so-called "GDP transfer". The report believes that Ethereum is investing in the future through the L2 roadmap, but the structural decline of the L1 economy will continue in the short term. If the expansion plan cannot be implemented quickly, it may even be necessary to issue additional ETH to maintain network security. In the process of enterprise transformation, Ethereum faces a trade-off between efficiency and decentralization, and must also be wary of being replaced by L2, which it has incubated.
After a brief outbreak, AI projects were hit by multiple external factors, and the bubble burst ahead of schedule. However, the recent launch of multiple AI Launchpads indicates that the track is entering the "reconstruction" stage. Meme Launchpad and AI Launchpad are developing in parallel, and the latter emphasizes practicality and ecological construction. Head projects such as Virtuals and AI16Z continue to evolve and launch new mechanisms and products, striving to empower the entire ecosystem. Driven by the MCP concept, AI narratives may usher in a second wave of rebound. As long as you continue to participate, you may still be able to seize a new round of opportunities.
《In-depth analysis of Bittensor: What projects are worth looking forward to in the subnet?》
This article introduces the Bittensor ecosystem, a Web3 platform that promotes the development of decentralized AI through "Darwinian AI". The author shares his passion for cryptocurrency and AI, and explores the convenience and potential risks of centralized AI products, such as data ownership and platform stability issues. Bittensor promotes the natural selection and evolution of AI models through competition and incentive mechanisms, using $TAO tokens and subnet structures, attracting investors' attention.
Ethereum’s challenge: how to deal with the loss of value in the modular stack?
Migrating transactions and activities from the Ethereum main chain to Rollup, L2 or L3 is not necessarily a bad thing, but it is essentially an extraction of Ethereum's value, which will weaken ETH's position in the long run. The author uses Toyota's "Genchi Genbutsu" concept and the real Rollup project as examples to point out that when the project party builds its own chain based on the Ethereum ecosystem, the mentality will change from idealism to business-oriented, and ETH will gradually become an "abandoned mother." Although this trend is realistic, if Ethereum does not face it, its position in the modular stack may decline in the future, and it needs to think about how to deal with it.
From the AI Agent craze triggered by AI Meme GOAT to the temporary ebb of CryptoAI caused by Trump's issuance of MemeCoin, the market has experienced a process of bubble bursting and reconstruction. Today, CryptoAI is rising again, and a new round of projects such as $zerebro and $AIOS are growing rapidly. Bittensor has attracted institutional attention due to its liquidity advantage. Virtuals Protocol has launched AI business protocols and point emission mechanisms to reconstruct the ecosystem. Innovative projects continue to emerge in the fields of games, DeFAI, infrastructure, etc. Overall, the integration of Crypto and AI is entering the second half, and the ecosystem is moving from concept hype to a new stage of product practicality and value capture.
This article uses the metaphor of skiing triggering an avalanche to deeply analyze the impact of Trump's radical tariff policy on the financial market, especially how it triggers volatility in the U.S. Treasury market and its chain reaction. Arthur Hayes pointed out that the U.S. Treasury Department alleviated market panic through bond repurchases, provided liquidity to hedge funds to stabilize bond prices, and indirectly promoted the strength of Bitcoin. Against the backdrop of global financial de-risking and increased sensitivity of U.S. dollar liquidity, Bitcoin is seen as a hedge asset against the instability of the fiat currency system, and may continue to lead the rise in the future, driving a new round of Altcoin.
The TRUMP token once caused market frenzy due to the celebrity effect, but with the exposure of inside information and the decline in the market, the price has fallen sharply by more than 90% from the high point, and a large number of large investors have chosen to liquidate their positions, with highly concentrated chips. Although there has been a short-term rebound due to positive factors such as the Trump dinner, overall, the project is suspected of manipulation, and some retail investors and new large investors are deeply in loss, reflecting that the MEME coin market is highly speculative and risky. Even with the blessing of top traffic, it is difficult to escape the fate of being harvested.
《Backpack+AI, even code novices can make money with low risk scripts》
The popularity of the Backpack trading platform's airdrop activities continues to rise, and the trading volume has repeatedly hit new highs. Some users have obtained platform coins and other potential airdrops through real trading behaviors. CJ, a high-level player, used AI to create arbitrage scripts without knowing programming, and used arbitrage strategies to make money in a low-risk environment. He also shared interactive skills on how to achieve "one fish, two ways" through multi-platform linkage, showing a feasible path to efficiently obtain income and airdrops in a weak market.
《ETH vs SOL Showdown: Node War and Infrastructure Moat Behind 58.7 Billion Pledges》
Although Solana and Ethereum are comparable in total staked value, Ethereum still has a greater advantage in terms of security in terms of node distribution and maturity of staked infrastructure. Ethereum has effectively reduced centralization risk and attack difficulty by limiting the upper limit of single-node stakes, encouraging retail investors to participate, and promoting diversified clients and distributed verification technologies (such as Obol). Solana has a higher node concentration, stricter hardware requirements, and distributed staked technology has not yet been popularized, making it relatively more vulnerable to potential attacks.
Against the backdrop of the Trump administration sending out crypto-friendly policy signals, Cantor Fitzgerald has joined forces with SoftBank, Tether and Bitfinex to set up a $3 billion Bitcoin investment platform 21 Capital, aiming to replicate MicroStrategy's successful path, using the SPAC structure to go public and attract institutional investment; this move not only marks the further embrace of crypto assets by traditional financial capital, but also highlights the potential influence of government-business relations in this project, which may open up new prospects for the institutional allocation of digital assets.
From Candy Vendor to Crypto Billionaire: The Coinbase Founder's $8 Billion Entrepreneurship Rules
Brian Armstrong is the founder of Coinbase. He was inspired by the Bitcoin white paper and firmly committed to the field of cryptocurrency, and accumulated $8 billion in wealth in five years. He emphasized that the real opportunity lies in becoming a "shovel seller" rather than a "gold digger", and advocated reforming regulatory policies, encouraging stablecoins and digital dollar legislation; he is optimistic about the cultural potential of Memecoin, and reminds investors to pay attention to the project's code activity, community interaction and response to doubts. He believes that cryptocurrency will not replace traditional finance, but it can be a strong supplement, and the focus in the future should be on products that can seamlessly connect with traditional systems.
"Without the compliance bonus, what is left for Coinbase?"
Although Coinbase occupies a high position in the regulatory system due to its compliance advantages, its user experience continues to decline. Its customer service efficiency is low, its handling fees are high, and its lack of response to ordinary users has caused widespread dissatisfaction. Data shows that its individual investor activity is far lower than that of its competitors, and the platform is gradually moving away from retail users. At the same time, system bugs, chaotic customer service mechanisms, and frequent security vulnerabilities have damaged user trust. High fees and official indifference have exacerbated user loss. Coinbase's development on the road to institutionalization is at the expense of the experience of ordinary users.
From "World Computer" to "Settlement Layer Commodity"? Ethereum's L2 Strategic Self-Rescue Manual
Ethereum is facing fierce competition from emerging platforms such as Solana. Problems such as Layer2 network fragmentation, declining value capture capabilities, weakened ecological control, and lack of strategic leadership have seriously affected its user experience and economic model. As market expectations for Web3 are dashed, Ethereum's dominance is being questioned. To reshape its competitiveness, Ethereum needs to promote the implementation of L2 interoperability standards, strengthen infrastructure centered on ETH, regain control of the ecosystem, and respond to challenges with a more decisive and performance-oriented leadership approach, so as to achieve a strategic shift from decline to revival.
"Does "On-chain Morality" Exist? The Conflict between Vitalik's Idealism and L1 Free Economy"
Vitalik publicly criticized Pump.fun and other projects on Farcaster for their lack of moral values, sparking a heated debate among the Ethereum, Solana, and Base communities about the ethical standards and technical neutrality of on-chain applications. The show's guests discussed whether Vitalik was qualified to make value judgments from the perspectives of product-market fit, on-chain freedom, and governance philosophy, and pointed out that the differences in community culture rather than pure technical issues are reflected behind different public chain ecosystems. Although his remarks sparked disagreements, they also highlighted his position as a spiritual leader who always adheres to his ideals and does not cater to the market.
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