Weekly preview | Trump's second son Eric Trump attends TOKEN 2049 Dubai; Arizona's two Bitcoin reserve bills may go to final vote

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PANews
04-27
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News Preview:

  • Cboe plans to launch a new Bitcoin futures product with FTSE Russell on April 28
  • Binance Alpha will list Sign (SIGN) and Haedal Protocol (HAEDAL)
  • TOKEN 2049 Dubai conference will be held from April 30 to May 1, with Eric Trump invited to participate
  • Frax Finance will conduct the North Star upgrade on April 30 at midnight (UTC+8), with Frax Share being renamed to Frax and serving as the gas token
  • Hyperliquid plans to adjust its fee structure and introduce a staking tier system after April 30
  • Sui (SUI) will unlock approximately 74 million tokens at 8 AM Beijing time on May 1, representing 2.28% of the current circulating supply, valued at around $267 million

April 28

Policy Regulation:

Two Bitcoin reserve legislative bills in Arizona will undergo third reading and possible final vote on local time April 28

Two Bitcoin reserve bills in Arizona will undergo third reading and possible final vote next Monday. This may become the first state-level Bitcoin reserve bill to pass through voting.

Exchanges:

Cboe plans to launch a new Bitcoin futures product with FTSE Russell on April 28

According to Cboe Digital, the crypto division of the Chicago Board Options Exchange (Cboe), it plans to launch a new Bitcoin futures product on April 28, subject to regulatory approval. The futures product, developed in collaboration with FTSE Russell, will settle on the last working day of each month. The futures contract is cash-settled, based on the XBTF index, which reflects 1/10 of the FTSE Bitcoin index value.

Binance Alpha will list Sign (SIGN) on April 28

Binance announced that Binance Alpha will list Sign (SIGN), with trading to open on April 28 at a time to be announced. Previously, Sign revealed its SIGN token economics: 40% allocated to community incentives, with 10% airdropped at TGE.

Bybit announces termination of multiple Web3 services, with Web3 points program to stop on April 28

Crypto exchange Bybit announced in a notice on April 16 that it will cease a series of Web3 products and services by the end of May. The exchange stated that this decision is part of a shift in its operational focus as Bybit enters a new phase of growth and innovation.

Services to be discontinued include Bybit's Cloud Wallet and Keyless Wallet, which will be unusable after May 31, 2025. Users are urged to transfer all assets (including tokens, NFTs, and inscription assets) to their Bybit funding account or seed phrase wallet before the deadline. Failure to do so may result in access delays and require additional identity verification. Bybit will also close several Web3 trading functions by the end of May, including its DEX Pro platform, Swap & Bridge services, and broader NFT marketplace. In addition to these changes, Bybit has already stopped support for several other services on April 8, including Inscriptions, NFT Pro, ApeX, Buy Crypto, and its Initial DEX Offering (ID0) platform. The company's Web3 points program will also stop on April 28.

Project Dynamics:

BNB Chain: Proposal to update Lorentz hard fork key parameters initiated, voting to end on April 28

BNB Chain announced on X platform that it has initiated a proposal to update key parameters for the Lorentz hard fork, involving ValidatorContract, SlashContract, and GovernorContract, with voting to end on April 28, currently at 100% approval rate.

It is understood that the BSC Lorentz mainnet hard fork upgrade will be conducted on April 29 at 13:05 (UTC+8).

University of the Hespérides launches Bitcoin master's degree, starting on April 28

The University of the Hespérides announced the launch of the first Spanish-language Bitcoin master's program, which will begin in 2025 on April 28, aimed at cultivating professionals in the Bitcoin field with comprehensive technological, economic, legal, and philosophical capabilities. The program is fully online, covering Bitcoin's philosophy, history, economics, technology, regulation, and business applications, emphasizing its value as a transformative monetary network. Collaborating institutions include BTC Inc, Jan3, and BTC Consulting 360, ensuring the course aligns closely with industry needs. The program is open to global students and has completed its enrollment launch.

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OpenAI stated on its website that from April 30th, GPT-4 will be "completely replaced" by GPT-4o, but GPT-4 will continue to be available through API. OpenAI said, "In face-to-face evaluations, it (4o) consistently outperforms GPT-4 in writing, coding, STEM, and other areas." According to The Verreport the 10th Openunveil series of new AI models next week,T, including4.1, which will be an improved version of the 4o multi-modal model. OpenAI will also launch smaller GPT-4.1 mini and nano versions, as well as the o3 "reasoning" model and a new o4-mini reasoning model.

Decentralized stablecoin protocol Frannounced it will conduct th conduct North Star upgrade at PST time on April 29th (expected to be early morning the on April 30th Beijing time). Through this upgrade, Frax Share (FXS)Xbe frbecoming the gas token of of Fraxtal, replacing frxETH. It will also serve as the in the sole commodity token for ensuring security in the ecosystem. FXS held on Fraxwilltal automatically be converted to FRAX at a 1:1 ratio, Fwhile FXS held on Ethereum needs to be bridged to Fraxtal for conversion after April 29th.

X2Y Y2 Close NFT Market on April 30 30th, Smart Contracts Will Continue

According to the official announcement from X2Y22after a 3-year journey with $5.6 billion in trading transaction volume, X2Y2 will officially close down its-market on April 30th, X .2 co-co-founderner @tp_x x stated that although the platform will, related smart continue p a href="https://www.panewslab.com/zh/sqarticledetails/5xc6t4nk rellow>Labs Crypto Asset Loss Claim Portal Opens, Deadline is April 30th

Labs crypto asset loss claim portal will open 31st, itors, where creditors can submit eligible crypto asset loss claims through http://claims.terra.money, providing wallet address/read-only API key and other proof materials, and completing the full claim form. The claim submission deadline is April 30th, 2025 at 59 PM (Eastern Time), and claims submitted after this time will not be accepted.

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Nethermind's head Marek Moraczyński stated on X that over 80% of Ethereum full node disk space is currently occupied by historical records. In the new version 1.3.1, Nethermind is ready to remove pre-merge historical records through ERA files, with all teams agreeing to execute this operation on May 1st. If all blocks and receipts are removed, keeping only the data necessary for verifying the latest block, the full node capacity will be less than 200 GB.

Solana early supporter RockawayX launches $125 million fund and will start "Solana City" accelerator center on May 1st

Prague-based crypto venture capital firm RockawayX announced the completion of its $125 million second early-stage fund, which was closed in the first quarter of this year and will primarily invest in Solana ecosystem startups. The firm, which invested in Solana before its launch in 2018, currently manages approximately $2 billion in assets, with offices in Prague, Dubai, and London, and two-thirds of its 45 employees being engineers. RockawayX CEO Victor Fischer stated that two-thirds of the new fund will be used for seed round investments, with the remainder allocated to liquid assets.

Despite a 22% decline in crypto venture capital in the US market during the first quarter, RockawayX's 2021 fund has already returned over 5 times its value, mainly benefiting from early investments in Solana, market maker Wintermute, and lending protocol Morpho Labs. The firm has invested in over 15 Solana ecosystem projects and will launch the "Solana City" accelerator center in Dubai on May 1st, in collaboration with the Solana Foundation and development company Helius Labs.

Crypto investment platform Bake to close Singapore market and services on May 1st

Crypto investment platform Bake will close its Singapore market and services starting May 1st. Bake has set April 30, 2025, as the final date for all users to withdraw digital assets. The official recommendation is for all users to handle their funds before the deadline to avoid additional administrative processes and potential fees.

Token Unlocks:

Sui (SUI) will unlock approximately 74 million tokens at 8:00 AM Beijing time on May 1st, representing 2.28% of the current circulating supply, valued at around $267 million

ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8:00 AM Beijing time on May 1st, representing 5.67% of the current circulating supply, valued at around $11.3 million

dYdX (DYDX) will unlock approximately 8.33 million tokens at 8:00 AM Beijing time on May 1st, representing 1.09% of the current circulating supply, valued at around $5.4 million

May 2nd

Macroeconomics:

US April seasonally adjusted non-farm employment and April unemployment rate to be announced at 20:30

Exchanges:

Binance to delist ALPACA, PDA, VIB, and WING on May 2nd

According to a Binance announcement, because they no longer meet platform review standards, Binance will stop all spot trading pairs for ALPACA, PDA, VIB, and WING tokens at 11:00 AM Beijing time on May 2nd, 2025, and proceed with delisting. The official emphasized that the decision is based on multiple assessment indicators including project team activity, trading liquidity, network security, and community transparency.

Project Updates:

CoinList to launch Fleek (FLK) token sale on May 2nd

AI agent and virtual influence platform Fleek will launch its $FLK token sale at 1:00 AM Beijing time on May 2nd, with a total token supply of 100 million, opening 6.667 million tokens, FDV of $75 million, priced at $0.75, with 100% unlock post-TGE. Fleek is dubbed the "Shopify of AI," supporting developers, creators, and brands to build and monetize AI agents and virtual personas on its platform. The project has already received support from Eliza (formerly ai16z) and Venice AI. This sale will not be open to the US, Canada, China, UK, and other regions.

Token Unlocks:

Omni Network (OMNI) will unlock approximately 15.98 million tokens at 7:00 PM Beijing time on May 2nd, representing 83.51% of the current circulating supply, valued at around $42.2 million

Ethena (ENA) will unlock approximately 40.63 million tokens at 3:00 PM Beijing time on May 2nd, representing 0.73% of the current circulating supply, valued at around $14.2 million

May 3rd

Token Unlocks:

Memecoin (MEME) will unlock approximately 3.45 billion tokens at 3:30 PM Beijing time on May 3rd, representing 7.90% of the current circulating supply, valued at around $7.4 million

May 4th

None

Specific Time Pending

OKX CEO: OKX to launch payment wallet next week

OKX CEO Star posted on X that OKX will launch a new OKX payment wallet next week, aiming to drive crypto adoption to the billion-user level.

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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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