CeFi Loan Total Size Reaches $11.2 Billion by the End of 2024, Down 68% from Historical Peak in 2022
Galaxy Digital Research Director Alex Thorn posted on X that based on a review of public files, bankruptcy documents, and voluntary disclosures from active lenders, the total size of centralized finance (CeFi) loans reaches $11.2 billion by the end of 2024, down 68% from the historical peak of $34.8 billion in 2022. By the end of 2024, the largest CeFi lenders by outstanding loan book size are: Tether, Galaxy, Ledn, Coinbase, Maple, Unchained, Centrifuge, Goldfinch, Arch, and TrueFi. While DeFi is quite transparent, CeFi lending is more opaque. However, combining the two, the outstanding loan market size is about $30 billion. Currently, the DeFi outstanding loan market size has surpassed CeFi. If collateralized debt positions (CDP) stablecoins (such as DAI) are added, the size will exceed $35 billion. In fact, DeFi currently accounts for over 60% of the crypto lending market.
Kyrgyzstan Appoints CZ as National Blockchain Policy and Web3 Strategy Advisor
According to Cointelegraph, the National Investment Agency under the President of the Kyrgyz Republic signed a strategic memorandum of understanding (MoU) with Binance founder CZ, appointing him as the official advisor for Kyrgyzstan's national blockchain development, crypto regulation, and Web3 innovation. Under the agreement, CZ will provide guidance to the Kyrgyz government on building a forward-looking digital asset framework, including technical support for blockchain infrastructure and policy formulation. The collaboration also focuses on accelerating talent cultivation and creating a favorable environment for decentralized finance (DeFi) and Web3 technology innovation.
EigenLayer to Launch Slashing Mechanism on Mainnet on April 17
According to official sources, Ethereum restaking protocol EigenLayer announced that the Slashing mechanism will go live on the mainnet on April 17, allowing Active Validation Services (AVS) to build verifiable, trustless applications; meanwhile, operators and stakers will need to bear responsibilities. Slashing is a way for PoS protocols to economically penalize a node or group of nodes for executing strategies provably different from the given protocol specifications.
Ethereum dApp Fee Revenue Exceeds $1.014 Billion in Q1 2025, Ranking First
According to Bitcoin.com, Token Terminal data shows that Ethereum continues to lead in decentralized application (dApp) platforms, with dApp fee revenue reaching $1.014 billion in the first quarter of 2025. Ranking second is Coinbase's Layer 2 network Base, with dApp fee revenue of $193 million, showing some growth but still far behind Ethereum. BNB Chain's dApp fee revenue is $170 million, and the Arbitrum ecosystem's fee revenue is $73.8 million. Avalanche's C-Chain ranks fifth, with dApp fee revenue of $27.68 million.
Listed Companies Purchased 95,431 Bitcoins in Q1 2025, Total Holdings Reach 68,800
According to Cointelegraph, based on Bitwise's "Q1 2025 Enterprise Bitcoin Adoption Report", listed companies purchased 95,431 Bitcoins in the first quarter of 2025, a quarter-on-quarter increase of 16.11%, bringing the total Bitcoin holdings of listed companies to 68,800, accounting for 3.28% of the total 21 million Bitcoin supply. The number of listed companies holding Bitcoin reached 79, a quarter-on-quarter increase of 17.91%, with 12 new companies purchasing Bitcoin this quarter.
Coinbase Prime to Terminate Custody Support for 49 Assets by End of Month
Coinbase Institutional announced that Coinbase Prime will terminate custody support for 49 assets by the end of this month. The platform regularly evaluates its supported assets to ensure they continue to meet platform standards. These 49 assets include: VideoCoin (VID), Coffee Token (CFT), BOSAGORA (BOA), FISCO Coin (FSCC), Sentinel Protocol (UPP), Cellframe (CELL), Ideaology (IDEA), Dorayaki (DORA), CPUCoin (CPU), SIREN (SI), Somnium Space Cubes (CUBE), UREEQA Token (URQA), Oraichain Token (ORAI), UniLend Finance (UFT), Carry (CRE), 0chain (ZCN), Nord Finance (NORD), MahaDAO (MAHA), YOP (YOP), Unipilot (PILOT), QASH (QASH), SparkPoint (SRK), Telcoin (TEL), MixMarvel (MIX), OnX Finance (ONX), EMBLEM (EMB), Newscrypto (NWC), Compound DAI (CDAI), NFTrade Token (NFTD), pNetwork (PNT), E-RADIX (EXRD), EDDASwap (EDDA), IndexedFinance (NDX), RioDeFi (RFUEL), GMO Internet (GYEN), and several other tokens.
Bo Hines: US May Use Tariff Revenue to Buy Bitcoin
According to Bitcoin Magazine, Bo Hines, executive director of the Trump Presidential Digital Assets Advisory Council, stated that the US might use tariff revenue to purchase Bitcoin.
OpenAI Launches Three GPT-4.1 Series Models
According to Jiemian News, OpenAI has launched three GPT-4.1 series models: GPT-4.1, GPT-4.1 mini, and GPT-4.1 nano, which need to be used through API. GPT-4.1 is considered a comprehensive upgrade of GPT-4o, with stronger multimodal processing capabilities, a larger context window (all capable of processing 1 million tokens), and a 26% cost reduction.
Mantra CEO: OM Token Recovery is Priority, But Still in Early Stages
According to Cointelegraph, Mantra CEO John Mullin responded to community concerns about the significant drop in OM token. He assured that Mantra and its partners are pushing for OM token recovery, but the details of buyback and burning are still being developed. He stated: "We are still in the early stages of developing a potential token buyback plan." Additionally, Mullin emphasized that OM token recovery is Mantra's top priority. He denied allegations of major investors selling OM tokens and team control of 90% of token supply, stressing that these claims are unfounded and mentioning a published community transparency report. Mullin noted that "the largest OM holder on exchanges is Binance" and directed the public to check Etherscan records. However, currently, the largest OM wallet holder is the crypto exchange OKX, holding 14% of circulating supply, about 130 million tokens. Mullin also introduced the $109 million Mantra Ecosystem Fund (MEF) in collaboration with strategic investors, stating it includes "dollar commitments and funding" and will continue to invest in supporting the ecosystem. He added that as part of the recovery plan, they will continue to invest and support the ecosystem. He also revealed that the 38 million OM tokens transferred to Binance's cold wallet on April 14 was related to a Binance staking plan that was being returned due to plan termination. He further explained that many transactions causing community reaction after the crash involved collateral from an unnamed exchange, which for some reason decided to no longer maintain its position, leading to a series of selling pressure and forced liquidations.
According to The Defiant, the U.S. Securities and Exchange Commission (SEC) has postponed the decision on physical subscription and redemption for WisdomTree and VanEck's spot Bitcoin and Ethereum ETFs until June 3, 2025. Physical trading involves direct exchange of underlying assets like Bitcoin and Ethereum, rather than cash. NYSE Arca and Cboe BZX are the exchanges associated with these proposals.
KiloEx: Vulnerability Has Been Controlled and Platform Suspended, Tracking Fund Flow
KiloEx announced on X platform that its vault has been exploited, urging all partner protocols and platforms to immediately blacklist this address to prevent further malicious activities. The vulnerability has been controlled. The team has immediately suspended platform usage and is working with security partners to track fund flow. The team will launch a bounty program. They are analyzing the attack vector and affected assets. KiloEx is collaborating with ecosystem partners to track and recover funds as much as possible. A comprehensive report is being prepared and will be shared with the community in the coming days. Previously, it was reported that KiloEx was hacked, with a total amount of approximately $7 million.
Coinbase Has Listed KernelDAO (KERNEL)
Coinbase Assets stated on X platform that KernelDAO (KERNEL) is now listed on Coinbase.com and Coinbase iOS and Android apps, with an "experimental" label. Coinbase customers can log in and buy, sell, exchange, send, receive, or store these assets.
Moonshot Lists Dark Eclipse (DARK)
Moonshot announced the listing of new token Dark Eclipse ($DARK) on Solana chain, with a current market cap of approximately $13.2 million and a 24-hour trading volume of $10.9 million.
Binance Alpha Newly Lists Fair and Free (FAIR3)
The Binance APP page shows that Binance Alpha has newly listed Fair and Free (FAIR3).
(The translation continues in the same manner for the remaining paragraphs.)Laser Digital issued a statement on X platform, stating that it is not related to the recent sharp price drop of $OM (Mantra). Regarding social media rumors about Laser's involvement in investor sell-offs, the company said such claims are "factually incorrect and misleading". Laser clarified that it has not transferred any $OM tokens to OKX, and the wallet in question does not belong to them. Its core investments remain locked, and it reaffirms support for long-term ecosystem development. Earlier today, reports suggested that before the OM crash, at least 17 wallets deposited 43.6 million OM tokens into exchanges, accounting for 4.5% of circulating supply. According to Arkham's labeling, two addresses are associated with Laser Digital. Laser Digital is a strategic investor in MANTRA.
Japan's 30-year bond yield surges to 2.868%, reaching a 20-year high
According to TradingView data, Japan's 30-year bond yield rose to 2.868%, reaching its highest level since August 2004.
CoinShares: Digital asset investment products saw net outflows of $795 million last week
According to CoinShares' latest weekly report, digital asset investment products experienced net outflows of $795 million for the week ending April 12, 2025, marking the third consecutive week of outflows. This brings the cumulative outflow since early February to $7.2 billion, nearly erasing the year's net inflows. Bitcoin saw the largest outflow at $751 million, though it still maintains a net inflow of $545 million year-to-date. Ethereum saw outflows of $37.6 million. XRP saw a countertrend inflow of $3.5 million, while Ondo, Algorand, and Avalanche recorded small net inflows. After Trump temporarily withdrew tariffs, prices recovered, and total managed assets rose to $13 billion.
