1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -0.03%
ETH: +0.48%
TRUMP: +37.11%
SOL: +0.84%
XRP: -0.53%
SUI: +7.69%
DOGE: -2.73%
PEPE: -3.66%
BNB: -2.19%
TURBO: +21.48%
24 H increase list (data source: OKX):
MEMEFI: +136.31%
MAX: + 77.58%
PSTAKE: + 52.47%
TRUMP: +38.24%
GOG: +21.93%
TURBO: +21.69%
ZBCN: +17.49%
LAT: +16.13%
LOOKS: +15.34%
FOXY: +14.72%
2. Top 5 popular memes on the chain (data source: GMGN ):
ZUCKR
TROLL
ALONE
SRC
STOIX
3. 24-hour hot search currencies
SRC, with the classic Screaming Chicken toy as the core of the meme, builds community culture through viral narratives, emphasizes the slogan of infecting the entire Solana ecosystem, combines the TROLL developer background to form the OG meme heritage, and focuses on rebellious humor and collective carnival community consensus movements.
Headlines
Trump to Host TRUMP DINNER Dinner for TRUMP Token Holders
Trump will hold a TRUMP DINNER dinner for TRUMP token holders. It is reported that the participants will be the top 220 holders. The dinner is scheduled for May 22, 2025 at the Trump National Golf Club in Washington, DC, and registration is now open. The official website of TRUMPMEME disclosed that the top 25 TRUMP holders will be able to attend Trumps exclusive reception before the dinner, as well as a special VIP White House tour. The dinner is arranged by Fight Fight Fight LLC. Trump will attend the dinner as a guest and will not raise any funds. In addition, TRUMP token holders attending the dinner must be ranked in the top 220 TRUMP holders from April 23 to May 12, and cannot come from countries subject to KYC monitoring. After being selected, they must pass a background check and are prohibited from bringing guests (only registered personnel can attend). Once the meeting information is submitted, it cannot be changed.
In his inaugural speech, the new SEC Chairman Paul Atkins said that his first priority during his tenure as chairman is to provide a solid regulatory foundation for digital assets in a reasonable, coherent and principled manner. He promised to transform the financial regulators digital asset regulatory approach into a rational one. He will work hard to ensure that the United States becomes the best and safest place in the world in terms of crypto operations and activities.
Bloomberg: U.S. strategic Bitcoin reserves may announce details in the coming weeks
Trump signed an executive order in early March this year proposing the establishment of a national strategic reserve of Bitcoin and other tokens, and required the Secretary of the Treasury to submit an assessment report on the legal and investment feasibility of the plan within 60 days. There are less than two weeks left before the 60-day deadline set by Trumps executive order, which means that more details of the US Bitcoin reserves will be disclosed soon. The markets expectations for this matter may be one of the important catalysts for the recent rebound in crypto assets. In addition, any remarks questioning the independence of the Federal Reserve have also had a positive spillover effect on Bitcoin.
Industry News
DeFi Development Corporation (NASDAQ: JNVR) announced on April 23, 2025 that it had purchased approximately 65,305 Solana tokens worth $9.9 million. After this transaction, the companys total SOL holdings reached 317,273 tokens, worth approximately $48.2 million (including staking rewards). Some of the newly added SOL tokens were purchased in a locked form through BitGos over-the-counter (OTC) platform. These tokens will be held for a long time and staked to generate native income.
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 its holdings of SOL. It is reported that this is the largest financing transaction of its kind in the Solana ecosystem to date. SOL Strategies plans to promote the development of an institutional staking platform.
Coinbase International Station released its business data for the first quarter of 2025, which disclosed:
1. 36 new perpetual contracts were added in the first quarter, and there are currently more than 150 assets online, including the EURC-USDC perpetual contract, which provides 24/7 euro price exposure and up to 20x leverage;
2. The nominal trading volume in the first quarter reached nearly $800 billion, a record high for the quarter and equal to the total trading volume in 2024;
3. The average order book depth of BTC, ETH and altcoins increased by nearly 3 times.
Benchmark gave cryptocurrency exchange Coinbase a buy rating and a target price of $252. The broker said Coinbase has built the industrys largest crypto trading platform. At the same time, the analysis believes that clarity in U.S. regulation may lead to increased institutional demand for cryptocurrencies, which will benefit Coinbase.
PayPal plans to launch stablecoin PYUSD reward incentive mechanism for US users
PayPal will offer its PayPal USD (PYUSD) stablecoin an annual return of 3.7% to US users, with earnings accumulated daily and paid monthly. The plan was launched this summer to increase the adoption of PYUSD. It is reported that this move is one of PayPals initiatives to enter the cryptocurrency field. The company hopes to establish new payment channels in this field. Users can keep stablecoins in PayPal and Venmo wallets while earning rewards. PYUSD can be used through PayPal Checkout, transferred to other users, or exchanged for traditional US dollars.
Project News
Tim Beiko confirms that the Ethereum mainnet will implement the Pectra upgrade on May 7
Tim Beiko, head of protocol support at the Ethereum Foundation, wrote that the Pectra upgrade will be implemented on Ethereum on May 7, with an estimated epoch height of 364032.
ZKsync’s $5 million stolen funds have been fully recovered
Officially, ZK Nation announced that the hacker has cooperated and returned $5 million of stolen ZKsync funds within the stipulated time. As stated in the original security committee message, the incident is now considered resolved.
The assets are now in the custody of the Security Committee and decisions on what to do with them will be made by governance. A final investigation report is being prepared and will be published when completed.
Strike founder Jack Mallers to lead Tether-backed Bitcoin buying firm Twenty One
According to an announcement released on Wednesday, Strike founder Jack Mallers will join the newly established cryptocurrency joint venture Twenty One Capital as its CEO. The companys sole purpose is to maximize its holdings of Bitcoin. It currently holds 42,000 Bitcoins on its balance sheet. It is reported that the company is supported by stablecoin issuer Tether, Softbank Group and Wall Street investment bank Cantor Fitzgerald. The companys articles of association clearly stipulate that it will only focus on the accumulation of Bitcoin assets. The huge initial holdings are equivalent to 0.2% of the current Bitcoin circulation, ranking among the top 5 Bitcoin holdings of listed companies worldwide. Industry insiders believe that after MicroStrategy, another All in Bitcoin listed company has appeared with the joint endorsement of three major institutions, which shows that traditional capital has increased its recognition of Bitcoin assets, which may trigger a new round of competition for listed companies to hold Bitcoin.
Ethereum Layer 2 network Reddio officially announced the RDO token economic model, with a total token supply of 10 billion, including: community (8.00%); security and network incentives (25.00%); ecosystem growth (22.76%); treasury (6.96%); contributors (21.80%); strategic investors (15.48%).
KiloEx: Plans to gradually resume various functions of the online platform on April 24
KiloEx released an announcement about the platforms relaunch. The KiloEx platform will gradually resume trading and deposit functions on all supported chains starting at 12:00 UTC on April 24, and the entire platform is expected to be fully restored at 13:00 UTC on April 24. The SlowMist security audit report and compensation plan for users affected by the recent KiloEx security incident will be announced before the platform is relaunched.
Investment and Financing
Conan community completes $1.2 million in financing to promote blockchain public welfare practices
The crypto charity project Conan community announced the completion of a $1.2 million financing led by ChainGuard, with participation from SciChain DAO, SZNP and other institutions. The community focuses on three major directions, including promoting IoT medical charity programs, supporting animal rescue and vaccination actions, and funding decentralized scientific research projects related to pet medical care. Dozens of charity rescue activities have been implemented. Vitalik has donated more than $100,000 to charity.
Riot Platforms reaches $100 million credit agreement with Coinbase Credit
Bitcoin mining company Riot Platforms has reached a $100 million credit agreement with Coinbase Credit, and the company said the funds will be used for strategic planning and general corporate purposes. It is reported that the floating interest rate of the loan is at least 7.75% per year, the term is 364 days, and it is only secured by part of Riots Bitcoin reserves.
AI digital asset trading tool BitradeX completes £12 million Series A financing, led by Bain Capital
BitradeX, an AI-driven digital asset trading tool, announced the completion of a £12 million Series A funding round led by Bain Capital. The new funds will be used to expand its global business, strengthen its compliance framework, and develop new AI trading tools. It will also establish AI strategic labs in major financial centers such as London, Hong Kong, and Singapore, while supporting the development of an AI engine customized for dynamic real-time cryptocurrency trading.
Symbiotic completes $29 million Series A financing led by Pantera Capital
The re-hypothecation protocol 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, including Stani Kulechov, Sandeep Nailwal, Anton Bukov, Anurag Arjun, Andrew Huang and Eric Wall.
Regulatory trends
US SEC confirms VanEcks filing of spot Avalanche ETF
According to market news: The U.S. Securities and Exchange Commission (SEC) has confirmed the spot Avalanche ETF submitted by VanEck.
Canary registers SEI ETF in Delaware
According to market news: Canary registered the Canary Staked SEI ETF in Delaware.
According to the meeting memorandum of the U.S. Securities and Exchange Commission (SEC) Crypto Asset Task Force issued on April 22, 2025, Perkin Law Firm, the National Digital Asset Commission of El Salvador (CNAD) and former Goldman Sachs partner Heather Shemilt submitted a cross-border regulatory sandbox cooperation proposal to the SEC to promote regulatory innovation in the field of digital assets. The proposal provides the SEC with an opportunity to work with international regulators to support the development and optimization of the U.S. digital asset regulatory framework with actual data.
OCC clarifies that certain crypto-related activities are legally permitted
The U.S. Office of the Comptroller of the Currency (OCC) released a statement on its stance on cryptocurrencies and banks: “The OCC has clarified that certain crypto-related activities are legally permissible.”
Character Voice
Nick Tomaino, founder of 1coinfirmation, wrote that he recently communicated with Ethereum co-founder Vitalik Buterin: The Ethereum Foundation is committed to building a trusted and neutral infrastructure for developers, but by far the largest group paying attention to Ethereum is ETH investors. It is crucial for the Ethereum Foundation to pay more attention to this group. Vitalik Buterin agreed and was excited about Tomaszs leadership in this regard, and pointed out that ETH is a trusted, neutral, Internet-native value storage tool.
Nick Tomaino added that Vitalik Buterin does not dislike business and capitalism, he is just a different person and does not pursue money and attention like others.
Coinbase executive: BTC and gold have become the two most important inflation hedging tools
John DAgostino, head of institutional strategy at Coinbase, discussed Bitcoins rise, the reasons behind the latest rise, whether a technological decoupling is underway, and more on CNBCs Squawk Box. He said that Bitcoin and gold have become the two most important inflation hedge tools.
Bybit CEO Ben Zhou wrote, “Taking Bybit and its clients as examples, specific cases of crypto exchanges and AI integration include: 1. CryptoLens; 2. Tradegpt; 3. AI-supported agents. AI tools used within Bybit include: AItest; AITranslation; AiWiki; OSOP; AiLegal; Aicoding.
