Important information last night and this morning (April 10-April 11)
Reprinted from panewslab
04/11/2025·19D
Zoth attacker transfers 1,000 ETH and cross-chain to BTC and LTC
According to PeckShieldAlert, the address marked as Zoth attacker has transferred 1,000 ETHs (about $1.5 million) to Thorchain and cross-chain through the platform to Bitcoin (BTC) and Litecoin (LTC) networks.
According to the official news from Towns Protocol, Towns announced that it had completed a US$10 million Series B financing. This round was led by a16z crypto, Coinbase Ventures has newly joined the investment, and Benchmark continues to participate. Towns is committed to building on-chain communication infrastructure and promoting the development of Web3 social and collaboration tools. The project party said that "the future of communication will go up the chain." Related Reading: Yiwen Digong Social Transportation and Communications Agreement Towns: Why is it worth a16z betting $22.5 million?
Vitalik releases Ethereum privacy roadmap with minimal L1 changes
Vitalik Buterin published an article on the Ethereum Magicians forum, proposing a "minimal simple L1 privacy roadmap" aimed at enhancing Ethereum user privacy on the basis of minimizing changes in the consensus layer. The roadmap covers four aspects: on-chain payment privacy, in-app activity anonymization, on-chain read privacy (RPC) and network-level anonymization. The core measures include integrating privacy tools into mainstream wallets, defaulting to using "one address per application", promoting FOCIL and EIP-7701, introducing TEE and future PIR privacy reading technology, etc. The ultimate goal is to achieve an infrastructure that isolates user operations, default privacy sends and censorship resistance. Vitalik stressed that this plan could be combined with deeper L1 reforms in the long term.
According to former U.S. federal prosecutor James K. Filan, the SEC and Ripple have jointly submitted a motion to the U.S. Court of Appeals for the Second Circuit, applying to "abayance" the appeal and cross-appeal process of both parties, on the grounds that the two parties have reached a "principle settlement agreement" and are currently pending approval by the SEC committee. If approved, a confirmatory ruling will be applied to the District Court. The court has cancelled the original arrangement to submit defense materials on April 16. This motion marks the case may soon usher in a final settlement.
Giant Whale released more than 140,000 SOLs and transferred to Kraken Exchange
According to Onchain Lens, a giant whale address has been released from 141,771 SOLs (about $15.96 million) and transferred it to the Kraken Exchange. There are still about 1.69 million SOLs (approximately US$191 million) in pledge at the address, and the current book loss is about US$22.67 million.
Spot gold breaks through the $3,200 mark for the first time
Spot gold reached $3,200 per ounce, setting a new record high. It only took more than ten days before breaking through $3,100 per ounce, up 0.74% during the day and nearly 22% during the year.
Coinbase is now available on Wayfinder (PROMPT)
According to Coinbase Assets, Wayfinder (PROMPT) has now launched the Coinbase official website and its iOS and Android applications, and is marked with the experimental label "Experimental". Users can now buy, sell, exchange, send, receive and store operations.
SEC withdraws unregistered securities charges against Helium founding team Nova Labs
According to Helium's official blog, the US SEC has agreed to "biasedly" withdraw the unregistered securities allegations against Helium's founding team Nova Labs, confirming that the issuance of Helium Hotspots equipment and HNT, IOT, and MOBILE tokens does not constitute securities behavior. This decision brings key regulatory clarification to the Decentralized Entity Infrastructure Network (DePIN) project, meaning that building realistic infrastructure through cryptographic incentives is no longer automatically considered a securities issuance. The "biased" nature of the SEC withdrawal also means that it will not be allowed to file the same charges in the future.
One address sold CryptoPunk NFT for approximately $6 million, losing tens of millions
According to Arkham, an NFT trader sold the Alien series CryptoPunk NFT he purchased a year ago for 4,000 ETHs (about 6 million US dollars). The original purchase price was 4,500 ETHs (about 16 million US dollars), and the loss reached 10 million US dollars.
Trump signs bill to revoke crypto tax rules during Biden administration
According to The Block, US President Trump has signed a joint Congress resolution to formally revoke the IRS crypto tax rules (DeFi broker rules) passed by the Biden administration at the end of the day. The rule requires the "custodial broker" to collect and report user data to the tax authorities. The bill was initiated by Senator Ted Cruz and Rep. Mike Carey, who said it was the first crypto-related legislation to be signed into law. The bill was passed in both houses of Congress and received some Democratic support. The DeFi Education Foundation said this move is a positive signal to the development of decentralized technology.
According to the official website of the U.S. Securities and Exchange Commission (SEC), in order to further clarify the application of the Federal Securities Law in the crypto asset market, the SEC Corporation’s Finance Department issued a statement guiding the registration and disclosure requirements of relevant securities. The statement covers equity and debt securities related to network, application and crypto assets, including crypto assets as part of investment contracts. The guidance covers key disclosure elements in documents such as business description, risk factors, securities characteristics, management information, financial statements and smart contract code display requirements.
Coinbase International Station will launch COMP, UXLINK and ATH perpetual contract transactions
Coinbase International Station issued an announcement on the X platform that Coinbase International Station and Coinbase Advanced will add support for Compound, UXLINK and Aethir perpetual contracts, and the COMP-PERP, UXLINK-PERP and ATH-PERP markets are expected to open at 17:30 Beijing time on April 17.
A giant whale that had previously sold ETH to pay off the loan sold 9,000 ETH again sold 9,000 ETHs.
According to on-chain analyst Yuchen Monitor, the giant whale, which sold 26,881 ETH earlier today, sold another 9,000 ETH for USDT in the past 20 minutes. He sold a total of 35,881 ETHs in the past 2 hours for 56.05 million U. The average selling price is $1,562. He still held 65,000 ETH on March 11. After these few positions reductions that are on the verge of liquidation and today's selling, he currently only holds 2,688 ETH. Basically cleared.
According to The Block, Jack Dorsey's payment company Block, Inc., reached a $40 million settlement with New York State financial regulators due to anti-money laundering loopholes. The New York State Financial Services Bureau issued a consent order on Thursday pointed out that the investigation found that the former Square fintech company "failed to fully consider the significant risks posed by its business size and complexity" when it provided Bitcoin services through the Cash App. Regulators specifically pointed out that Block has three major loopholes: the lack of risk-based anti-money laundering control measures, insufficient customer due diligence, and the loose handling of high-risk Bitcoin transactions has resulted in a large number of anonymous transactions not being censored. This is the second time Block has paid settlement due to anti-money laundering issues this year. In January, the company paid $80 million to financial regulators in 48 states. A Block spokesman said the settlement marked that it had resolved all matters related to state-level remittance licences, and emphasized that although the company did not recognize the findings, it had invested a lot of resources to improve the compliance system of the Cash App. According to the agreement, Block must hire an independent supervisor to implement rectification.
Wayfinder reprinted a tweet from its airdrop partner TokenTable: "Wayfinder's application has been suspended during our resolution of issues related to transaction failures and MEVs. We are developing solutions to these two issues and will release any updates here, including related compensation matters. The application will be restored and announced as soon as possible."
dYdX issued a reminder on the X platform that more than 110 million ethDYDXs have not been moved to native DYDX on the dYdX chain. Nethermind proposed to stop supporting the bridging function on the dYdX chain in about 55 days -after which, unbridged tokens may no longer be redeemed.
According to Cosine, the founder of Slow Fog, more than $6 million in funds on ZKFair L1 Bridge were transferred to its admin multi-signature address on March 27, and then transferred to an EOA address, most of which entered Aave stake, with suspicious behavior. This EOA address is one of the ZKFair Safe multi-signature owners.
Binance Alpha adds Wayfinder (PROMPT)
According to official news, Binance Alpha has added Wayfinder (PROMPT).
Standard Chartered Bank and OKX launch pledged asset mirroring project
According to official news, today, Standard Chartered Bank, digital currency exchange and on-chain technology company OKX jointly announced the launch of a global pledged asset mirroring project. The project accepts pledged assets from digital currencies and tokenized currency market funds as over-the-counter transactions by institutional clients, and is also managed by a major global systemic-important bank (G-SIB) to custody of pledged assets, significantly improving the financial security and capital efficiency of institutional clients. The collateral mirroring project has been piloted under the regulatory framework of the Dubai Virtual Assets Regulatory Authority (VARA). Projects can significantly reduce counterparty risks, a key pain point in the current digital asset market, and provide users with more effective protection. Standard Chartered Bank, as an independent custodian within the Dubai International Financial Centre (DIFC), is regulated by the Dubai Financial Services Authority (DFSA) and is responsible for securely storing pledged assets. OKX manages pledged assets and executes transactions through its VARA licensed entity. Franklin Templeton will be one of the first money market funds launched in the joint project between OKX and Standard Chartered Bank. Brevan Howard Digital, a subsidiary of alternative investment management firm Brevan Howard, a subsidiary of digital currencies and digital assets, is one of the first institutions to join the innovation project, highlighting the importance of such services jointly provided by leading international cross-border banks and top global exchanges.
Markets are almost fully priced at Fed rate cuts in June
According to Kingshin, the market is almost fully priced at the Federal Reserve's interest rate cut in June.
Traders ramp up bets on Fed rate cuts
According to Jinshi, after the release of US CPI data, short-term interest rate futures in the United States rose, and traders increased their bets on the Federal Reserve's interest rate cut.
U.S. core CPI hits four-year low
According to Jinshi, the US unseasonally adjusted core CPI annual rate in March was 2.8%, falling for the second consecutive month, the lowest level since March 2021, lower than the market expectation of 3.0%. The monthly rate of core CPI in the United States after seasonal adjustment was 0.1%, hitting a new low since June 2024 and less than the market expectation of 0.3%.
US CPI lower than expected, hitting a half-year low
According to Jinshi, the US unseasonal adjustment CPI annual rate in March was 2.4%, a significant decline from the 2.8% level last month, hitting a six-month low, lower than the market expectation of 2.6%.
According to Jinshi, the US unseasonally adjusted CPI annual rate in March was 2.4%, expected to be 2.60%, and the previous value was 2.80%. The monthly rate of CPI in the United States was -0.1% in seasonally adjusted in March, expected to be 0.10%, and the previous value was 0.20%. The United States did not adjust the core CPI annual rate in March was 2.8%, expected to be 3.00%, and the previous value was 3.10%. The monthly rate of core CPI in the United States after seasonal adjustment in March was 0.1%, expected to be 0.30%, and the previous value was 0.20%.
In a medium term, tariffs and trade tensions could ultimately have a positive impact on Bitcoin (BTC) adoption, CoinDesk reported. The report pointed out that the imposition of tariffs will lead to stagflation, that is, stagnation of economic growth coexisted with inflation, which is not good for traditional assets, but is beneficial to scarce commodities such as gold; trade tensions may put pressure on US dollar reserve demand, leaving room for competitive assets including other fiat currencies, gold and Bitcoin; historical precedents show that weak dollar and above-average inflation may persist, and Bitcoin may benefit from such a macro context; "rapid improvement in market structure supported by changes in US government policy" may help expand the investor base of Bitcoin.
VanEck submits an application for Avalanche ETF listed on Nasdaq to the US SEC
According to market news, VanEck submitted an application to the US SEC to list Avalanche ETF on Nasdaq.
Binance Alpha adds Mind Network (FHE)
According to official news, Binance Alpha has added Mind Network (FHE).
Cryptocurrency insurer Meanwhi completed a $40 million Series A round led by Framework Ventures and Fulgur Ventures on Thursday, with Wences Casares, founder of cryptocurrency bank Xapo, also involved in the investment, according to Fortune Magazine. This round of financing valued Meanwhile at $190 million, almost double the valuation of the latest round of financing in 2022. Meanwhile will use the funds raised from this round to expand globally and ensure its products meet regulatory requirements. According to reports, Meanwhile's life insurance policy is similar to general life insurance. The insured must pay the monthly premium calculated by the actuary. However, unlike paying from a bank account or using a check, customers need to pay in Bitcoin from a cryptocurrency wallet. When the insured dies, his family will receive the claim amount in Bitcoin.
According to the official announcement, Binance Financial Management, one-click buying coins, flash exchange trading platform, leverage and Binance Contract will be launched on Babylon (BABY) according to the timeline listed below. Binance Financial Management: BABY guaranteed and earning currency current products will be launched on the Binance guaranteed and earning currency platform at 19:00 on April 10, 2025 (East Eighth District time) and will be open for subscription. Buy coins with one click & sell coins: BABY can start trading with one click within one hour after Binance spot is launched. Flash exchange trading platform: Within one hour after Binance spot is launched, users can exchange BABY into BTC, USDT or other tokens supported by the Flash exchange trading platform, and there is no handling fee for exchange. Binance Leverage: Coin safe position and position-by-position leverage will add BABY loanable assets at 19:20 on April 10, 2025 (East Eighth District time), as well as BABY/USDT, BABY/USDC full position and position-by-position leverage trading pairs. Binance Contract: Binance will convert the BABYUSDT U standard perpetual contract pre-market trading into the standard version of BABYUSDT U standard perpetual contract at 19:30 on April 10, 2025 (East Eighth District time), with a transition period of up to 1 hour. During the transition period, BABYUSDT perpetual trading and existing positions will not be affected.
The PancakeSwap team responded to the community feedback on the CAKE 3.0 token economics proposal. For the annual deflation target of 4%, 4% is based on the target set by data in the past two years. Deflation is not limited to 4% per year. The actual destruction will be linked to the transaction volume. If the agreement performs well, higher deflation may be achieved. Regarding the mCAKE and sdCAKE redemption issues, the team confirmed that it will maintain a 1:1 redemption ratio, and users need to operate through the original entrusted platform. Regarding holding incentives, the team pointed out that the cost allocation will be adjusted and some liquidity provider fees will be shifted to the buy-destruction mechanism, which is expected to improve the destruction efficiency to 15%. It is also emphasized that CAKE will still play a core role in governance, IF0 and other scenarios. In response to the question of veCAKE emission efficiency, the team believes that the current proposal can more effectively solve core problems and avoid the long-term drawbacks brought about by short-term remediation. Regarding the issue of governance decentralization, the team said it would turn to a direct voting model based on CAKE holdings and consider introducing delegated features in the future. Regarding the geographical restrictions issue, the team explained that IF0 remains open, while TGE has restrictions on its compliance requirements. Finally, the team promises to provide real-time data destruction boards, maintain transparency in emission decision-making, and ensure that the veCAKE system operates smoothly during the transition period. During the transition period, the veCAKE system will continue to operate until the proposal voting is completed, ensuring a smooth transition.
Binance Launchpool launches WalletConnect (WCT) to obtain WCT using BNB, FDUSD and USDC
According to official announcements, Binance Launchpool is now available on the 67th phase of the project - WalletConnect (WCT), an open source network that connects users to decentralized applications through a secure and interoperable protocol. The website is expected to be updated within approximately twelve hours of this announcement before the event is open. Users can invest BNB, FDUSD and USDC into the WCT reward pool on the Launchpool website after 08:00 on April 11, 2025 (East Eighth District time), and the event duration is 4 days. Binance will list WalletConnect (WCT) on April 15, 2025 at 19:00 (East Eighth District Time), and open the WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD and WCT/TRY trading markets, with seed label trading rules applicable.
Babylon: L1 blockchain Babylon Genesis has officially launched
Babylon posted on the X platform that the Layer 1 blockchain Babylon Genesis, which is collateralized by Bitcoin, has officially launched. It is reported that this is the second phase of Babylon's launch of the Bitcoin staking protocol. Previous news, Babylon Bitcoin staking was launched in three stages. The first stage is to lock Bitcoin staking to expand supply, the second stage is to launch Babylon Genesis, a Layer1 blockchain based on Cosmos-SDK, and the third stage is to launch other BSNs (this will allow other networks to access Bitcoin staking security and liquidity through Babylon Genesis).
A certain Ethereum OG giant whale sold 5,814 ETH again in the past 4 hours, worth US$9.17 million
According to OnchainLens monitoring, a certain Ethereum OG giant whale sold 5,814 ETH again in the past 4 hours in exchange for 9.17 million USDC. In the past 17 hours, the giant whale sold a total of 16,516 ETH for $1,577 each, in exchange for $26.03 million. Currently, the giant whale only holds 522 ETH, worth $832,000.
According to The Block, the U.S. Securities and Exchange Commission (SEC) has approved options trading for spot Ethereum ETFs. In a "accelerated approval" filing file filed on Wednesday, the SEC said it had approved Nasdaq ISE, LLC's application for BlackRock's iShares Ethereum Trust Options trading. The agency also approved NYSE American LLC's proposal for options trading on Bitwise Ethereum ETF, Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust. Bloomberg Intelligence ETF analyst James Seyffart posted on the X platform that it was expected that the SEC approved the spot Ethereum ETF. Nate Geraci, president of ETF Store, said that the issuer is expected to launch a series of new products, including a call option strategy Ethereum ETF, a buffered Ethereum ETF, etc.
