1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.45%
ETH: -0.7%
XRP: -0.13%
SOL: -3.03%
BNB: +1.05%
SUI: -6.05%
DOGE: -2.35%
ADA: -0.55%
PEPE: -5.73%
EOS: +3.62%
24 H increase list (data source: OKX):
UXLINK: +23.74%
DGB: +17.7%
RSR: +9.43%
PRQ: +9.56%
W: +8.94%
ACT + 8.84%
BORA: +7.7%
ATOM: + 6.98%
VRA: +4.56%
LOOKS: +3.64%
KISHU: +6.12%
2. Top 5 popular memes on the chain (data source: GMGN ):
drip（BNB Chain）
STO (BNB Chain)
PT
SPELON
Fartcoin
3. 24-hour hot search currencies
STO: STO is the official token of StakeStone. On April 3, Binance Wallet launched StakeStone TGE, with 50,000,000 tokens available (5% of the total supply). Its current market value is US$15.32 million.
Headlines
Paul Atkins nomination as SEC Chairman has been approved by the Senate Banking Committee
Crypto journalist Eleanor Terrett posted on the X platform that Paul Atkins nomination for SEC chairman has passed the Senate Banking Committee vote, and his nomination will be submitted to the Senate plenary session for a vote.
Babylon announces token economics: total 10 billion, community incentives account for 15%
Babylon announced the economics of BABY tokens, with a total of 10 billion tokens, including: community incentives (15%), ecosystem construction (18%), RD and operations (18%), early private investors (30.5%), team (15%), and consultants (3.5%).
Coinbase submits XRP futures application, expected to go live on April 21, 2025
Coinbase Derivatives announced on the X platform that it has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to launch XRP futures contracts. The official estimate is that the contract will be launched on April 21, 2025.
Industry News
The number of layoffs at challenger companies in the United States in March was 275,240, the highest since May 2020.
The monthly layoff rate of challenger companies in the United States in March was 60.01%, compared with 245.45% in the previous month.
The annual rate of layoffs of challenger companies in the United States in March was 204.8%, compared with 103.20% in the previous month. (Jinshi)
The number of initial jobless claims in the United States for the week ending March 29 was 219,000, compared with expectations of 225,000. The previous value was revised from 224,000 to 225,000.
The four-week average of initial jobless claims in the United States for the week ending March 29 was 223,000, and the previous value was revised from 224,000 to 224,250.
The number of Americans who continued to apply for unemployment benefits in the week ending March 22 was 1.903 million, which was expected to be 1.87 million. The previous value was revised from 1.856 million to 1.847 million. (Jinshi)
In response to a trust institution being involved in a US$500 million fraud case and raising doubts about Hong Kongs system, Wu Jiezhuang, chairman of the Hong Kong Legislative Councils Web3 and Virtual Asset Development Subcommittee, said that Hong Kong is actively attracting foreign capital, including from the mainland, but many outsiders have limited understanding of Hong Kongs system and even have misunderstandings. This is a problem that needs to be faced.
Wu Jiezhuang pointed out that the incident is expected to attract international attention and the relevant regulatory mechanisms must be reviewed as soon as possible to respond to social concerns. At present, Hong Kong has not yet established a special asset custody regulatory system. Some Web3 companies will use trust companies as a means of third-party custody of assets. If they follow the formal procedures, there will be no problem. However, if the loopholes in the system are exploited by criminals, it may affect the outside worlds confidence in Hong Kongs financial center.
Russia may allow seized BTC to be converted into state revenue
The head of the Russian Federal Executive Service (FSSP) said that a new mechanism has been developed to support the conversion of Bitcoin seized in criminal cases into state fiscal revenue. The mechanism is based on the precedent of the bribery case of former investigator Marat Tambiev, in which about 1,032 BTC were successfully seized and transferred to the Ministry of Finance. It is expected that part of the assets will be sold to replenish the state treasury.
FSSP calls on the legislature to clarify the legal status of crypto assets as soon as possible to promote a more systematic crypto asset disposal process.
According to an article published by Coin Edition, Trump invited Salvadoran President Nayib Bukele to attend a White House meeting on April 14, where the two sides will discuss bilateral cooperation and diplomatic relations.
Edward Kieswetter, director general of the South African Revenue Service, said that all taxpayers, exchanges and intermediaries involved in crypto asset transactions must complete registration with the tax authorities, otherwise it will be considered an illegal act. Kieswetter said that after completing the registration, the tax department will be able to track related business activities and strengthen supervision of the crypto industry.
JPMorgan Chase raises its forecast for a global recession this year to 60%
Bruce Kasman, chief economist at JPMorgan Chase, said that if the tariffs announced by the Trump administration on U.S. trading partners continue, it could push the U.S. and even the global economy into recession in 2025. The risk of a global recession this year has increased from 40% to 60%, Kasman said in a note on Thursday. He called the tariffs the largest tax increase on American households and businesses since 1968. He also said that the impact of this tax increase is likely to be amplified through retaliation, declining business sentiment and supply chain disruptions. (Jinshi)
Project News
Hyperlane announces airdrop details, 57% of token supply will be allocated to the community
Interoperability protocol Hyperlane disclosed the details of the HYPER token airdrop, which will take place on April 22. Most of the token distribution will go to the community, of which 57% will go to community users, and the remaining circulating tokens will be distributed to the core team (25%), investors (10.9%) and the foundation treasury (7.1%). Users can check whether they are eligible for HYPER tokens through the portal provided by the Hyperlane Foundation before April 13.
Bitwise Launches Three Option Income Strategy ETFs Tracking Strategy, Coinbase, and MARA
Bitwise announced on the X platform the launch of three option income strategy ETFs tracking three US-listed crypto companies, Strategy, Coinbase and MARA. They are:
Bitwise MSTR Option Income Strategy ETF (IMST)
Bitwise COIN Option Income Strategy ETF (ICOI)
Bitwise MARA Option Income Strategy ETF (IMRA)
It is reported that ICOI, IMRA and IMST are distributed by Foreside Fund Services, LLC, which has no connection with Bitwise or any of its affiliates.
PsyFi will shut down all services on May 1st, and users need to withdraw funds before then
Solana ecosystem financial instrument product provider PsyFi (including PsyLend and Vaults) will shut down all front-end and back-end services and stop support on May 1, 2025. The platform is already in withdrawal-only mode, and users need to withdraw all funds before this date to ensure the recoverability of assets. For those who want to interact directly with smart contracts, the official may share the contract address and IDL later.
Character*Voice
Justin Sun: It is recommended that stablecoin project parties do not choose Hong Kong trust institutions , and provide a $50 million reward to law enforcement agencies and insiders who can provide effective assistance
In response to a question from an Odaily reporter, How should stablecoin projects ensure the security of their reserves? Justin Sun said in a live broadcast that it is recommended not to choose a Hong Kong trust institution, but to choose a listed financial institution.
At the same time, it is recommended that major banks in Hong Kong may also consider putting the banks reserve information on the chain in the future, so that even if theft occurs, it can be detected immediately.
At the same time, it stated that the FDT fraud incident had been reported to the police in Hong Kong and the lawsuit had been submitted to the Hong Kong High Court. It also stated that the content of this press conference was not the full picture of the relevant incident, but only a private investigation, and that a $50 million reward would be provided to law enforcement agencies and insiders who could provide effective assistance.
Du Jun, co-founder of ABCDE, posted on the X platform that he would select a token with growth potential from the secondary market every month (excluding Bitcoin), and the single investment amount would be controlled between 2 million and 10 million US dollars.
After each purchase is completed, the corresponding on-chain address and investment logic will be made public to ensure transparency and share their judgment with the community.
Fitch: US tariff rates return to 1909 levels, the Fed may be more cautious about rate cuts
Fitch said that given that tariffs are higher than expected, US economic growth in 2025 may be lower than the 1.7% forecast in March. The increase in tariffs will lead to higher US consumer prices and lower corporate profits. Liberation Day has brought US tariff rates back to the level of 1909. The upward pressure on commodity prices caused by tariffs means that the Federal Reserve may become more cautious about further interest rate cuts in the near future. As US tariffs increase, the ratings of some sovereign countries with higher levels of export value-added may face downward pressure. (Jinshi)
