1. Top 10 CEX Coins and 24-Hour Price Changes:
BNB: 3.34%
BTC: 1.18%
ETH: -0.67%
DOGE: 4.58%
SOL: 0.77%
CREAM: 2.59%
ATM: 1.23%
VIC: 45.41%
CITY: 3.77%
FORTH: 6.31%
24H Gainers (Data from OKX):
ERN: 17.31%
VELODROM: 15.72%
KAITO: 10.69%
TIA: 10.69%
LOOKS: 8.92%
ULTI: 8.44%
PEPE: 7.74%
WIF: 7.25%
AIXBT: 6.73%
BONE: 6.71%
2. Top 5 On-Chain Meme Coins (Data from GMGN):
SAYLOR
PIPE
YODA
PEPEI
FROG
3. 24H Trending Coins
EIC: A Solana-based Meme coin with the theme "Everything is Computer", inspired by Trump's comments on the smart features of Tesla vehicles gifted by Musk, combining the traffic effects of two highly topical figures to form a unique cultural symbol narrative.
Headlines
Nebraska Governor Signs Bitcoin ATM Regulation Bill
Nebraska Governor Jim Pillen signed LB 609 this Wednesday, regulating Bitcoin ATMs and other electronic transaction terminals to prevent fraud and protect consumer rights. The bill requires Bitcoin ATM operators to clearly disclose all terms of use and provide prominent anti-fraud warnings to users. Additionally, users can receive full refunds if they report fraud to the operator and law enforcement within 90 days.
Bloomberg Analyst: Crypto ETF Approvals May Be Delayed Until New SEC Chair Takes Office
The SEC has delayed decisions on several spot Altcoin ETF applications, including XRP, Solana (SOL), Dogecoin (DOGE), and Litecoin (LTC). Bloomberg ETF analyst James Seyffart believes the SEC is unlikely to approve or deny these applications before Paul Atkins, Trump's nominee for SEC chair, is confirmed by Congress.
Seyffart noted that while Atkins has been nominated, a confirmation hearing has not yet been scheduled. Additionally, spot Bitcoin and Ethereum ETFs took years to be approved, as the SEC previously used the maturity of the futures market as an important approval criterion, which the pending ETF applications do not yet meet.
However, the analyst believes there is still over a 65% chance that some Altcoin ETFs could be approved by the end of this year, though the final outcome will depend on the new chair's confirmation and policy direction.
Massachusetts Legislator Proposes Blockchain and Crypto Committee
Massachusetts State Representative Kate Lipper-Garabedian has submitted a bill proposing the establishment of a special committee, including state legislators, to investigate blockchain and cryptocurrency-related matters.
Industry News
Arkham: ARK Invest Stops Selling Bitcoin, Buys Over $10 Million in Coinbase Stock This Week
According to Arkham, ARK Invest did not sell any Bitcoin today, and Cathie Wood's ARKK fund purchased over $10 million worth of Coinbase stock this week, the largest buy of Coinbase by ARK since August 2022.
MGX Invests $2 Billion in Binance, Setting a New Crypto Industry Record
Binance and Abu Dhabi's AI and advanced technology investor MGX announced a landmark $2 billion investment. This is Binance's first institutional investment and marks an important step in driving digital asset adoption and strengthening blockchain's role in global finance. This is not only the largest single investment in a crypto company, but also the largest investment ever paid in Stablecoins.
This investment represents MGX's first foray into the crypto and blockchain space, acquiring a minority stake in Binance as part of its broader strategy to support the transformative impact of blockchain on society. By partnering with an industry leader, MGX aims to drive the convergence of AI, blockchain technology, and finance.
CBOE Files Solana ETF Application for Franklin
According to market sources, the Chicago Board Options Exchange (CBOE) has filed a Solana ETF application for Franklin. Specifically, Cboe BZX, a subsidiary of the Chicago Board Options Exchange Group, has submitted a proposed rule change (19b-4 filing) to the SEC.
Project News
SEC's Lawsuit Against Ripple May Soon Conclude, Entering Final Stages
According to Fox Business reporter Eleanor Terrett, the SEC's lawsuit against Ripple may soon conclude through ongoing negotiations, as the case has entered the final stages. The delay in reaching an agreement is reportedly due to Ripple's legal team negotiating more favorable terms following the August court ruling, which imposed a $12.5 million penalty on Ripple and included a permanent injunction prohibiting the company from selling XRP to institutional investors.
Latin American crypto exchange Mercado Bitcoin plans to partner with Polygon Labs to issue $200 million in tokenized assets in Latin America. The focus of this collaboration is to integrate Polygon's blockchain infrastructure into Mercado Bitcoin's tokenization process.
Regulatory Updates
MAS and Vietnam's SSC to Enhance Cooperation on Digital Asset Regulatory Frameworks
The Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have announced plans to strengthen cooperation on capital market regulation and digital asset regulatory frameworks to support the development of Vietnam's digital asset regulatory framework.
The Financial Services Commission (FSC) of South Korea announced plans to release comprehensive guidelines for institutional crypto investments in the third quarter of this year, providing a clear compliance framework for listed companies and professional investors.
At the same time, the investment guide for non-profit organizations and Altcoin exchanges is expected to be released as early as April, and the FSC aims to gradually relax the restrictions on institutional investors entering the Altcoin market.
In January this year, the FSC first confirmed that it would gradually lift the de facto ban on institutional investment in Altcoins, and last month stated that it would first allow charities and universities to sell their Altcoin assets in the second quarter. The promotion of these new regulations marks a change in South Korea's attitude towards Altcoin assets, gradually pushing them into the traditional financial market.
Investment and Financing
MEXC Ventures Invests $36 Million in Ethena and Its USDE Stablecoin
MEXC Ventures has invested $36 million in Ethena and its USDE stablecoin to promote the adoption of synthetic USD in Decentralized Finance (DeFi). Unlike traditional stablecoins, USDE is a synthetic stablecoin that is not backed 1:1 by fiat assets, but maintains its value through collateralized other stablecoins and holding futures positions.
Voltix, a decentralized computing platform on the Solana blockchain, announced the completion of a $10 million financing round, led by BLCK Labs, with participation from Karat DAO, SculptAI, NodeGoAI, LOL AI, Fox Wallet, aZen Protocol, and Stratos Network. The new funding will be used for its node validator program and to expand its decentralized infrastructure, allowing enterprises and individuals to access underutilized computing power, while providers of computing power can earn token rewards.
GnosisDAO Invests $4.8 Million Again to Support HOPR's Development of Decentralized VPN
GnosisDAO has voted to invest an additional $4.8 million to support HOPR's development of a private and uncensorable decentralized VPN. The project plans to launch a consumer-oriented open-source privacy protection application within two years. HOPR will hide user IP data through its mixing network technology and scale its node network to thousands. GnosisDAO will pay the funds over two years and enjoy a 30% discount on HOPR tokens. This collaboration aims to further the development of decentralized technology.
Voices
Analyst K 33 stated that despite the widespread selloff in the market due to concerns about an economic recession, President Trump's "Strategic BTC Reserve" executive order is still a "big deal". Additionally, the analyst expects US Treasury Secretary Scott Bessent to clarify budget-neutral BTC acquisition measures before May 5, and to assess legal and investment considerations within 60 days of the executive order's release. They pointed out that potential budget-neutral strategies include using the Exchange Stabilization Fund's surplus, selling IMF Special Drawing Rights, or revaluing gold certificates.
Trump to Announce Bowman as Federal Top Banking Regulator Soon
Insiders revealed that the Trump administration will nominate Federal Reserve Governor Bowman as the Federal Reserve's Vice Chair for Supervision as early as today. Earlier this year, Barr resigned from the Federal Reserve's Vice Chair for Supervision position, avoiding a potential clash with Trump over the role. Barr stated in January that the risk of conflict over this position could distract the Federal Reserve from its mission. The White House did not immediately respond to a reporter's request for comment.
