- CEX Hot Cryptocurrencies
CEX Trading Volume Top 10 and 24-Hour Price Change:
BTC: -0.49%
ETH: 0.28%
BNB: -0.7%
SOL: -1.05%
DOGE: -2.19%
XRP: -2.25%
PEPE: -0.8%
PUNDIX: 32.47%
TRUMP: -10.82%
SUI: 3.56%
24H Price Increase Ranking (Data Source: OKX):
LOOKS: 29.78%
PSTAKE: 21.51%
ICE: 15.57%
VRA: 8.87%
GODS: 8.5%
GOG: 7.11%
BONK: 4.82%
SPURS: 4.69%
DIA: 4.34%
CXT: 4.16%
- On-Chain Hot Meme Top 5 (Data Source: GMGN):
PIPE
KMNO
POPCAT
Fartcoin
CACTUS
- 24H Trending Cryptocurrencies
BONK: Gained attention due to the launch of the new platform Letsbonk.fun, which generated nearly $800,000 in revenue within three days and will use part of the fees to buy back BONK tokens.
Headlines
On April 29, the UK government released a consultation document for legislation in the cryptocurrency sector, planning to add regulated activities, including operating cryptocurrency asset trading platforms and stablecoin issuance. Additionally, the draft covers regulatory frameworks for market abuse, listing, and disclosure systems. Although consultations were initiated during the Conservative government's tenure in 2023, the Labour government has stated it will continue to advance the previous government's cryptocurrency plans. This initiative aims to regulate the cryptocurrency industry, protect investor interests, and promote healthy market development.
US Senator Proposes the "2025 American Blockchain Deployment Act"
Official documents show that US Senator Bernie Moreno introduced the "2025 American Blockchain Deployment Act" (S.1492) on April 10, aiming to require the Secretary of Commerce to support the US's global leadership in blockchain technology deployment, application, and competitiveness. The bill has been submitted to the Senate Committee on Commerce, Science, and Transportation for review.
According to Edaily, South Korea's ruling party, the People Power Party, announced seven new policies to cultivate the digital asset ecosystem, planning to open BTC and other spot ETF trading within the year and abolish the "1 Exchange - 1 Bank" restriction to encourage institutional investment. Other policies include introducing a regulatory framework for stablecoins, advancing STO legislation, and formulating a basic law for digital assets. The party also plans to establish a special committee on virtual assets directly under the presidential candidate to coordinate related reforms.
Sebastian Beja, President of Coinbase Asset Management, recently stated on "The Scoop" that if the US government reassesses the price relationship between gold and the dollar, it may accelerate its Bitcoin purchasing plans. He noted that Bitcoin is transitioning from a highly volatile tech asset to a value storage tool similar to gold, a trend that is attracting more institutional interest and portfolio integration. Beja emphasized that increasing institutional interest in Bitcoin marks its maturation as an asset class.
Industry News
El Salvador Confirms It Will Continue to Accumulate BTC Even After Signing IMF Agreement
According to Bloomberg, El Salvador's Minister of Economy, Maria Luisa Hayem, stated at the Web Summit event in Rio de Janeiro that despite signing a loan agreement with the International Monetary Fund (IMF) that includes a clause to stop accumulating BTC, the government will continue to purchase BTC. Hayem stated in a live broadcast that President Bukele has committed to continue accumulating such assets. According to the Bitcoin Office of El Salvador, the country has added 8 BTC in the past 7 days, bringing the total national reserve to 6,162.18 BTC.
BlackRock Applies for Digital Share Class for Its $150 Billion Money Market Fund
According to @AggrNews, asset management giant BlackRock has applied to establish a digital share class for its $150 billion money market fund.
Trump Media Group Plans to Launch Utility Token for Truth Social
Trump Media & Technology Group stated in a letter to shareholders: "As part of a rewards program, we are exploring the introduction of a utility token in the Truth digital wallet, which can initially be used to pay for Truth+ subscription fees and may also be applicable to other products and services within the Truth ecosystem in the future." Earlier this year, the company launched the fintech brand Truth.Fi and previously filed a trademark application covering "downloadable computer software for use as a digital wallet."
European Digital Bank Bunq Launches Cryptocurrency Services, Supported by Kraken
European digital bank Bunq announced on April 29 the launch of Bunq Crypto, allowing users to invest in over 300 cryptocurrencies, including Bitcoin, Ethereum, and Solana. The service will initially roll out in the Netherlands, France, Spain, Ireland, Italy, and Belgium, supported by Kraken. Bunq stated: "Our global users have long awaited a simple, secure, and direct way to invest in digital assets." Bunq's research indicates that "about 65% of European consumers want to manage banking, savings, and cryptocurrency investments through a unified platform," and over 50% of respondents wish to access cryptocurrencies but find existing platforms inadequate in terms of convenience and security.
Project News
US SEC Delays Approval of Franklin XRP Spot ETF to June 17
According to official documents, the US SEC has delayed the approval of the Franklin XRP spot ETF to June 17.
US SEC Delays Decision on Bitwise Spot DOGE ETF Application
According to official documents, the US SEC has delayed its decision on the Bitwise spot DOGE ETF application.
Base has achieved the first phase of Ethereum Rollup decentralization, launching a fault-proof mechanism and establishing a security committee. Base developers stated that the network has reached the "first phase" of Vitalik Buterin's Rollup decentralization framework, making progress in reducing reliance on centralized participants.
The Base team stated: "Base has achieved the first phase of decentralization, a key milestone in building an open global on-chain economy. This was accomplished by launching permissionless fault-proof and enhancing the decentralization of the contract upgrade process through a security committee."
Base was launched in August 2023, developed using Optimism's OP Stack package, and has now become the largest Layer 2 rollup by TVL on Ethereum. Previously, Base was classified as a Phase 0 Rollup, mainly because it still relied on a centralized sequencer controlled by Coinbase and its mainnet lacked fully operational permissionless fault-proof.
Hyperliquid Announces New Fee Structure and Staking Levels to Launch on May 5
Hyperliquid officially announced that the new fee structure and staking levels will go live on May 5 at approximately 03:00 (UTC). The changes include:
- Staking HYPE can reduce trading fees;
- Different fee standards will apply for perpetual contracts and spot trading;
- Spot trading volume will be counted double when calculating fee levels.
The testnet has now opened the staking and trading account association feature, allowing users to apply the staking discount from one account to another trading account. This feature is expected to officially launch shortly after the new fee structure and staking levels go live.
ether.fi Launches $40 Million Venture Fund, First Investments in Resolv, Rise Chain, Symbiotic
ether.fi announced the launch of a $40 million venture capital fund, ether.fi Ventures Fund I, aimed at supporting fearless entrepreneurs redefining industry possibilities.
Additionally, the fund has disclosed its first investment projects, which are Resolv, Rise Chain, and Symbiotic.
Investment and Financing
Crypto company Unto Labs, founded by former Jump Crypto employees, has completed a $14.4 million financing round led by Framework Ventures and Electric Capital, with a valuation of $140 million. Heeger is developing its own virtual machine, ThruVM, for the planned Unto blockchain, which will use RISC-V. Unto Labs plans to use this round of financing to hire more employees, aiming to expand its team from 5 to 10 by the end of the year.
Liam Heeger worked as a core engineer at Jump Crypto for two years, participating in the development of the company's flagship product, Firedancer (a computer system connecting to the Solana blockchain). In January of this year, Heeger left to start his own venture and was subsequently sued by his former employer, who accused him of creating a "competing business." Now, after reaching a settlement, Heeger has announced his new project.
Camp Network Completes $25 Million Series A Financing, Led by 1kx and Blockchain Capital
Camp Network, a company aimed at using blockchain technology to address rights protection issues in the AI field, has completed a $25 million Series A financing round, led by 1kx and Blockchain Capital, with participation from OKX, Lattice, and Paper Ventures. This round of financing is equity financing, accompanied by token warrants or commitments for yet-to-be-issued cryptocurrencies, with a valuation of $400 million.
Privacy High-Performance Blockchain Miden Announces $25 Million Seed Round Financing, Led by a16z
Miden, a privacy blockchain project co-founded by former Meta engineer Bobbin Threadbare, recently announced the completion of a $25 million seed round financing, led by a16z's crypto division, Hack VC, and 1kx. Other investors include Finality Capital Partners, Symbolic Capital, and notable angel investors such as Aptos co-founder Avery Ching. This financing is conducted in the form of equity and token warrants, with 10% of Miden's future issued cryptocurrency allocated to Polygon token holders. Miden aims to maintain high performance and decentralization while protecting transaction privacy through zero-knowledge proof technology.
Regulatory Trends
US Treasury Secretary Yellen: Regulatory Easing Will Begin in Q3 and Q4
US Treasury Secretary Yellen: Regulatory easing measures will begin to be implemented in Q3 and Q4.
The Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has granted principle approval to stablecoin issuer Circle, allowing it to operate as a money service provider. This move follows Circle's establishment of a new legal entity within ADGM in December 2024, aimed at expanding its global business presence in the Middle East and Africa.
According to official news, crypto company Gate Group announced that its entity Gate Technology FZE ("Gate Dubai") has obtained a VASP license under the regulation and supervision of Dubai VARA, allowing it to provide cryptocurrency trading services to institutional investors, qualified investors, and retail users. This significant milestone marks another deepening of Gate Group's global compliance strategy.
Gate Group places a high emphasis on compliance, with multiple entities globally having obtained or completed registrations, licenses, authorizations, and approvals from regulatory authorities in their respective jurisdictions, including Lithuania, Argentina, Malta, Italy, the Bahamas, Gibraltar, and Hong Kong. Last year, Gate Group also completed the acquisition of the licensed exchange Coin Master in Japan, further expanding its global compliance network. Gate Group founder and CEO Dr. Han stated that Gate Group has always adhered to a compliance-first development strategy, and obtaining VARA's full operating license is a key step for Gate Group in expanding into the Middle East and global markets, also affirming its long-term commitment to security, transparency, and user protection.
Voices from the Industry
Fidelity: Multiple Ethereum On-Chain Indicators Suggest ETH is "Undervalued"
Fidelity Digital Assets reported that multiple Ethereum on-chain indicators suggest that ETH is "trading at an undervalued price." The report noted that the MVRV Z-Score fell to -0.18 on March 9, entering the "undervalued" zone, indicating that Ethereum "looks cheap"; NUPL also dropped to 0, indicating that the market is in a "surrender" state. Additionally, the realized price of ETH is $2,020, which is 10% higher than the current price. The ETH/BTC market cap ratio has dropped to mid-2020 levels. Meanwhile, the number of active addresses on Ethereum Layer-2 has reached 13.6 million, a new historical high, indicating a continuous rise in scalability and adoption.
Trader Eugene: Negative News Has Limited Impact on BTC, Market Structure Remains Solid
Trader Eugene stated in his community that despite a series of negative news in the market recently, including uncertainties in tariff negotiations, weakened BTC purchasing power of MicroStrategy (MSTR), and escalating military conflicts between India and Pakistan, the BTC price remains stable at a high of $95,000. This indicates that the structural shift in the market remains solid, and pullbacks have become buying opportunities. The trader emphasized that apart from mainstream cryptocurrencies, he is currently most optimistic about SOL and XRP. Overall, while market sentiment is uneasy, it is still necessary to follow the trend.
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