Mask Network Founder: Noticed Sudden Price Drop of MASK, Solution to be Announced in 1-2 Days
Mask Network founder Suji Yan stated on X platform: "The team has noticed the sudden price drop of MASK recently and is working to gather more information/details. The solution will be announced in 1-2 days." Market data shows that the MASK token is currently trading at $1.25, with a 24-hour decline of 9.2% and a 7-day decline of 43.8%.
Whale Unstakes and Deposits 71,448 SOL Worth $8.54 Million to Binance 20 Minutes Ago
According to Lookonchain, a whale unstaked and deposited 71,448 SOL (worth $8.54 million) to Binance 20 minutes ago. The whale still has 568,000 SOL (worth $68 million) staked.
John, the chief contributor of game ecosystem Treasure DAO, announced that due to deteriorating financial conditions and facing restructuring, they will terminate game operations and Treasure Chain. Documents show that their annual operating expenses are as high as $8.3 million, while the current treasury has only $2.4 million, originally expected to last until July 2025. Facing survival pressure, the DAO has laid off 15 people and decided to terminate game publishing support and Treasure Chain, helping partners migrate to other chains. To extend the funding runway, John proposed withdrawing $785,000 of idle funds from market maker Flowdesk, which, if approved, would increase the stablecoin balance to $3.2 million, potentially extending operations optimistically to February 2026. Additionally, the ecosystem fund holds 2.23 million MAGIC tokens (worth $230,000), but if MAGIC price plummets, the DAO may struggle between December this year and February next year.
Ethereum Surpasses Solana in DEX Trading Volume for the First Time in Six Months
According to Solid Intel data, Ethereum surpassed Solana in DEX spot trading volume in March, returning to the first position for the first time since September 2024.
Prediction Market Data Shows Probability of US Economic Recession Exceeds 50% This Year
Analyst Geiger Capital stated on X platform that Kalshi prediction market data shows the probability of a US economic recession this year has just exceeded 50%.
Curve Finance Trading Volume Reaches $35 Billion in Q1 2025, Hitting Historic High
According to Cointelegraph, a spokesperson for decentralized lending protocol and exchange Curve Finance revealed that the trading volume of Curve Finance was close to $35 billion in the first quarter of 2025, hitting a historic high. Curve stated that the trading volume grew by over 13% compared to the first quarter of 2024, mainly due to a significant increase in transaction count from about 1.8 million in Q1 2024 to about 5.5 million in Q1 2025. The strong trading volume growth in the first quarter was achieved against the backdrop of an overall decline in the cryptocurrency market. According to CoinGecko data, the total market capitalization of cryptocurrencies has dropped by over 20% year-to-date as of March 31.
According to Cointelegraph, the Big Four accounting firm Ernst & Young (EY) announced an upgrade to its enterprise-level Layer 2 blockchain Nightfall to a zero-knowledge proof (ZK-Rollup) architecture. The new version "Nightfall_4" was released on April 2, with main improvements including near-instant transaction confirmation, simplified network architecture, and improved usability. EY's global blockchain leader Paul Brody stated that with the lifting of US sanctions on mixer Tornado Cash, enterprise clients' acceptance of privacy technology has significantly increased. Nightfall uses a permissioned design requiring user authentication to avoid anonymous misuse. EY is currently developing a complementary tool Starlight to convert smart contract code into zero-knowledge proof-supported versions. The team plans to first deploy Nightfall_4 and then develop the fifth-generation version.
Coinbase Adds Reserve Rights (RSR) to Asset Listing Roadmap
According to official sources, Coinbase announced the addition of Reserve Rights (RSR) to its asset listing roadmap. Coinbase emphasized that the listing and trading of these assets depend on market maker support and sufficient technical infrastructure, and will be announced separately once these conditions are met.
Coinbase Has Listed Definitive (EDGE)
Coinbase Assets announced on X platform that Coinbase has added support for Definitive (EDGE) on the Base network. It is now available on Coinbase.com and Coinbase iOS and Android apps with an experimental label. Coinbase customers can log in to buy, sell, exchange, send, receive, or store these assets.
Treasury Secretary Suggests Stock Market Decline Due to DeepSeek, Not Related to Trump
According to Jinshi News, US Treasury Secretary Bessent stated on Wednesday night that the stock market sell-off was more due to a significant pullback in large tech stocks, not the protectionist policies of the Trump administration. Bessent said in a TV interview: "I'm trying to be the Treasury Secretary, not a market commentator. What I want to point out is that the Nasdaq index peaked on the DeepSeek day, so this is a Mag7 issue, not a MAGA issue."
Arthur Hayes: If Bitcoin Holds $76,500 Before April 15, Risk May Be Mitigated
BitMEX co-founder Arthur Hayes posted on X platform: "The market reacts negatively to 'Liberation Day' - if Bitcoin can hold the key level of $76,500 before the US tax day on April 15, the risk may be mitigated. Beware of violent fluctuations!"
Standard Chartered Predicts: Avalanche Native Token AVAX May Surge to $250 by 2029
According to The Block, Standard Chartered has begun covering research on Layer 1 blockchain Avalanche and predicts that its native token AVAX will rise over tenfold from the current around $20 to $250 by the end of 2029. The bank's global digital assets research head Geoffrey Kendrick stated in the latest report: "One positive aspect of the tariff dispute is that it gives us an opportunity to readjust and pick the winners of the next round of digital asset price increases, and I believe Avalanche will be another winner, perhaps the winner among Ethereum Virtual Machine (EVM) chains." Kendrick particularly highlighted Avalanche's expansion plan advantages, especially the Etna upgrade (codenamed Avalanche9000) completed in December 2024. This upgrade allows developers to create subnets or Layer 1 blockchains on Avalanche at near-zero cost - previously requiring AVAX token staking worth $450,000, now with significantly lowered technical and financial barriers. Data shows that subnets compatible with Etna now account for 25% of active subnets, with developer numbers surging by 40%. Based on the growth momentum after the Etna upgrade, Standard Chartered provides stage target prices: $55 by the end of 2025, $100 in 2026, $150 in 2027 (breaking historical peak), $200 in 2028, and $250 in 2029. Kendrick emphasized: "AVAX's relative increase in the coming years may exceed Bitcoin and Ethereum, but note that its three-month historical volatility is close to 100%, twice that of Bitcoin."
CoinList Announces Return to US Market and Hosts Token Sale for DoubleZero
According to The Block, token issuance platform CoinList announced its first return to the US market since 2019, hosting a token sale for the DoubleZero Foundation behind the DoubleZero protocol. The token named 2Z will be open to qualified US investors - marking the first time in five years that CoinList has allowed US investors to participate in its token sale. CoinList President Scott Keto revealed that the last token sale for US investors was the Kadena project in 2019.
Galaxy Digital's derivatives trading license application to the UK FCA has been officially approved
According to CoinDesk, the UK subsidiary of digital asset financial services company Galaxy Digital announced that its derivatives trading license application to the UK Financial Conduct Authority (FCA) has been officially approved. Galaxy Digital's investment banking division will use this FCA authorization to conduct capital raising and investment banking services in the UK. The UK subsidiary will also provide fund distribution support for its asset management business. The Galaxy Digital UK company is currently listed in two major FCA regulatory directories: as an authorized institution providing MiFID investment services, and Galaxy was also added to the FCA's cryptocurrency registry in 2021.
US Securities Depository DTCC Launches Tokenized Collateral Management Platform "AppChain"
According to The Block, the Depository Trust and Clearing Corporation (DTCC) announced on Wednesday the launch of a real-time tokenized collateral management platform. This innovative platform named "AppChain" will be demonstrated at DTCC's "Major Collateral Experiment" event on April 23. The platform aims to enhance global collateral circulation efficiency and liquidity, optimize capital utilization, and "build an open digital liquidity ecosystem for market participants to deploy digital applications". The technical architecture shows that AppChain is developed based on the Besu platform under Linux Foundation's LF Decentralized Trust. DTCC noted that increasingly complex market environments and cost pressures have made the demand for efficient, high-quality collateral solutions more urgent. Through collateral tokenization, the platform is committed to breaking down traditional "island-like" system barriers and significantly improving cross-system collateral transfer speed.
[The translation continues in the same manner for the remaining paragraphs...]After Justin Sun publicly claimed that First Digital Trust is insolvent, the FDUSD stablecoin guaranteed by him experienced a de-pegging on Binance, with its price dropping over 3% and falling below $1.
PayPal US Users Can Now Trade Solana and Chainlink
PayPal's platform has opened support for Solana (SOL) and Chainlink (LINK) to users in the United States and its territories, allowing them to buy, hold, and transfer these cryptocurrencies.
US Democratic Lawmakers Demand SEC Preserve Correspondence with World Liberty Financial
US Democratic lawmakers are requesting the SEC to preserve correspondence with World Liberty Financial, a crypto enterprise owned by Trump and his family. US lawmakers are concerned about Trump's potential influence on regulatory bodies due to his family's crypto business.
VanEck Launches ETN Product Tracking Celestia (TIA) Token in Europe
According to The Block, asset management company VanEck has launched an Exchange Traded Note (ETN) tracking Celestia's native token TIA on Amsterdam and Paris stock exchanges, providing investors a way to access the Celestia ecosystem without directly holding the token. The chain focuses on data availability and consensus separation and is considered a representative modular blockchain project.
CoinDesk: Justin Sun Fills $456 Million Funding Gap for TUSD
According to CoinDesk, TRON founder Justin Sun provided emergency liquidity support to maintain TUSD's payment capacity after $456 million in reserve funds were illegally transferred to Dubai-based Aria Commodities DMCC. Documents show the funds were originally supposed to be managed by First Digital Trust but were allegedly unauthorized transferred to low-liquidity resource projects in emerging markets. TUSD's parent company Techteryx claims to be a victim of "large-scale fraud" and has filed a lawsuit in Hong Kong court. To stabilize the market, the team has also isolated 400 million TUSD to ensure user redemption is not affected. Currently, TUSD's price is around $0.998, close to its $1 pegged value.
(The translation continues in the same manner for the remaining paragraphs.)According to Nick Cannon's reference to Circle's S-1 filing, Circle once paid Binance a one-time fee of $60 million, with the condition that Binance must hold at least $1.5 billion in USDC. Additionally, the document disclosed that Circle shares USDC revenue spread with Coinbase, signed a priority MOU with BlackRock, acquired Hashnote for $99.8 million, incurred a net loss of $761 million in 2022, and set aside $14.2 million in expenses due to legal disputes with FT Partners. The S-1 filing shows that in November 2024, Circle reached an agreement with Binance, making Binance the first approved participant in the stablecoin ecosystem protocol. Circle paid Binance a one-time fee of $60.25 million and will pay an annual incentive fee in mid to high double-digit percentages based on USDC balances in its platform and treasury. The premise is that Binance's treasury holds no less than $1.5 billion in USDC, and typically needs to maintain $3 billion. The cooperation period is two years, with a one-year transition period for continuing partial obligations if terminated early.
Franklin Templeton Plans to Launch Bitcoin and Cryptocurrency ETP in Europe
According to Bitcoin Magazine, Franklin Templeton, which manages $1.5 trillion in assets, is considering launching a Bitcoin and cryptocurrency exchange-traded product (ETP) in Europe.
