Important information last night and this morning (April 14-April 15)
Reprinted from panewslab
04/15/2025·9D
Alex Thorn, head of research at Galaxy Digital, issued a statement on X that according to the review of public documents, bankruptcy documents and voluntary disclosure of information by active lenders, as of the end of 2024, the total scale of centralized finance (CeFi) loans was US$11.2 billion, a 68% decrease from the historical peak (ATH) of US$34.8 billion in 2022. As of the end of 2024, based on the size of outstanding loan books, the largest CeFi lenders are: Tether, Galaxy, Ledn, Coinbase, Maple, Unchained, Centrifuge, Goldfinch, Arch and TrueFi. Although DeFi is quite transparent, CeFi lending is more opaque. However, adding up the two, the outstanding loan market size is about US$30 billion. Today, the market size of DeFi outstanding loans has exceeded that of CeFi. If you add a mortgaged debt position (CDP) stablecoins (such as DAI), the scale will exceed $35 billion. In fact, DeFi currently accounts for more than 60% of the cryptocurrency lending market.
Kyrgyzstan appoints Zhao Changpeng as national blockchain policy and web3 strategy consultant
According to Cointelegraph, the National Investment Agency, a subsidiary of the President of the Republic of Kyrgyzstan, signed a strategic memorandum of understanding (MoU) with Binance founder Zhao Changpeng (CZ), appointing him as the official advisor to the development of blockchain, cryptocurrency regulation and Web3 innovation in Kyrgyzstan. Under the agreement, CZ will provide guidance to the Kyrgyz government on building a forward-looking digital asset framework, including technical support and policy development for blockchain infrastructure. The cooperation also focuses on accelerating talent training and creating a favorable environment for the innovation of decentralized finance (DeFi) and Web3 technologies.
EigenLayer will be launched on the main network on April 17
According to official news, Ethereum re-staking agreement EigenLayer announced that the Slashing mechanism will be launched on the main network on April 17. The active verification service (AVS) will be able to build verifiable and trustless applications; at the same time, operators and stakeholders need to bear responsibilities. Fines are a way for PoS protocols to economically punish a node or group of nodes for executing strategies that can prove different from a given protocol specification.
In Q1 2025, Ethereum dApp fee revenue exceeded US$1 billion, ranking first
According to Bitcoin.com, Token Terminal data shows that Ethereum continues to maintain a leading position in the decentralized application (dApp) platform. In the first quarter of 2025, the network dApp fee revenue reached US$1.014 billion. The second place is Coinbase's Layer2 network Base, whose dApp fee revenue is US$193 million, reflecting a certain growth, but there is still a gap compared to Ethereum. BNB Chain's dApp expense revenue was $170 million, while Arbitrum's ecosystem expense revenue was $73.8 million. Avalanche's C-Chain ranks in the top five, with its dApp expense revenue of $27.68 million.
According to Cointelegraph, according to the "Enterprise Bitcoin Adoption in the First Quarter of 2025" released by Bitwise, in the first quarter of 2025, listed companies purchased a total of 95,431 bitcoins, an increase of 16.11% month-on-month, bringing the total Bitcoin holdings of listed companies to 688,000, accounting for 3.28% of the total supply of 21 million bitcoins. The number of listed companies holding Bitcoin reached 79, an increase of 17.91% month-on-month, and 12 new companies purchased Bitcoin in the quarter.
Coinbase Prime to terminate custody support for 49 assets by the end of this month
Coinbase Institutional issued an announcement stating that Coinbase Prime will terminate custody support for 49 assets by the end of this month. The platform regularly evaluates the assets it supports to ensure they continue to comply with the 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), 1717 Bissonnet (1717), The Edison (edsn), Draper Garland Apartments (gfdg), Forest Crossing Apartments (gffc), Hello Albemarle (hlab), Hello Flatbush (hlfb), Hello Lenox (hllx), Hello Nostrand (hlno) Lakehouse Oakland (lhok), Nottingham Village (ntvl), Core Fund (rscp), Value Fund (rsva), The Verge at Summer Park Apartments (tvsp), Tower 27 (twr27).
Bo Hines: U.S. may use tariff revenue to buy Bitcoin
According to Bitcoin Magazine, Bo Hines, executive director of the Trump President’s Digital Assets Advisory Board, said the U.S. could use tariff revenue to buy Bitcoin.
OpenAI launches three GPT-4.1 series models
According to financial reports, 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 the API. GPT-4.1 is regarded as a comprehensive upgrade of GPT-4o, with stronger multimodal processing capabilities, larger context windows (all can handle 1 million tokens), and a 26% reduction in cost.
Mantra CEO: OM token recovery is the top priority, but it is still in its early stages
According to Cointelegraph, Mantra CEO John Mullin responded to community concerns after the sharp drop in OM tokens. He assured Mantra and its partners are pushing for the OM token recovery, but repurchase and destruction details are still being formulated. “We are still in the early stages of developing a potential token buyback plan,” he said. "In addition, Mullin said that OM token recovery is Mantra's top priority. He denied allegations that major investors sold OM tokens and the team controlled 90% of the token supply, stressed that the allegations were unfounded, and mentioned that the community transparency report had been released. Mullin mentioned that "the largest holder of OM in the exchange is Binance" and guided the public to view the Etherscan record. However, the largest holder of OM wallet is currently the crypto exchange OKX, which holds 14% of the circulating supply, about 130 million tokens. Mullin also introduced the $109 million Mantra Ecosystem Fund (MEF) that cooperated with strategic investors, saying that the fund contains "dollar commitments and contributions" and will continue to invest in supporting the ecosystem. He said: "As part of the recovery plan, we will continue to invest in and support the ecosystem." "In addition, he revealed that the 38 million OMs transferred to Binance Cold Wallet on April 14 were related to a staking scheme by Binance, which returned tokens as the plan ended. He also noted that many of the transactions that caused community reactions after the crash involved collateral from an unnamed exchange, "for some reason, the exchange decided not to maintain this position anymore, so the exchange that received the collateral took over these positions and began selling, triggering a series of selling pressures and forcing more positions to be liquidated."
According to The Defiant, the U.S. Securities and Exchange Commission (SEC) has postponed its physical subscription and redemption decision on spot Bitcoin and Ethereum ETFs for WisdomTree and VanEck until June 3, 2025. Physical transactions involve direct exchange of underlying assets such as Bitcoin and Ethereum, not cash. New York Stock Exchange Arca and Cboe BZX are exchanges related to these proposals.
KiloEx issued an announcement on the X platform that the KiloEx vault has been exploited, urging all partner agreements and platforms to blacklist this address immediately to prevent further malicious activities. The vulnerability has been controlled. The team has immediately suspended the platform and is working with security partners to track the flow of funds. The team will release a bounty plan. Analyzing attack vectors and affected assets. KiloEx is working with ecosystem partners to track and restore funds as much as possible. A complete report is being prepared and will be shared with the community in the coming days. Previous news, KiloEx was hacked and the cumulative amount was about US$7 million.
Coinbase has been launched on KernelDAO (KERNEL)
Coinbase Assets said on X platform that KernelDAO (KERNEL) is now available on Coinbase.com and Coinbase iOS and Android applications, with the "experimental" tag. Coinbase customers can log in and purchase, sell, redeem, send, receive or store these assets.
Moonshot launches Dark Eclipse (DARK)
Moonshot announced the launch of the Solana chain currency Dark Eclipse ($DARK), with a current market value of approximately US$13.2 million and a 24-hour trading volume of US$10.9 million.
Binance Alpha adds Fair and Free (FAIR3)
The Binance APP page shows that Binance Alpha has been added to Fair and Free (FAIR3).
According to Barron's magazine, the Anti-Money Laundering and Financial Crime Team under the Department of Homeland Security has launched an investigation into Anchorage Digital Bank, a crypto-custodial bank. The company is backed by Wall Street Capital and has publicly supported Trump's policies in the digital asset space. The investigation focuses on its compliance and financial transactions, and the details have not been disclosed yet.
SEC postpones review of Grayscale spot Ethereum ETF adding pledge function
The Securities and Exchange Commission (SEC) has decided to extend the review period for the proposal to change the rules filed by NYSE Arca. The proposal intends to allow Grayscale Ethereum Trust ETF and Mini Trust ETF to stake holds Ethereum. The rule was originally solicited for public comments on March 3 and has not received any comments so far. The SEC extends the review deadline from the original April 17 to June 1, 2025 to fully evaluate the proposal and related issues.
ZachXBT named REEF founders Denko and Fukogoryushu may involve $OM plunge
On-chain detective ZachXBT posted a statement that REEF founders Denko and Fukogoryushu were suspected of seeking large mortgage loans with the token before the $OM plummeted, which triggered speculation on market manipulation. ZachXBT pointed out that Denko was involved in the $80 million OTC transaction with Alameda in 2021 and the REEF removed from Binance in 2024.
According to @ai_9684xtpa, Flow Traders, Auros Global and Arrington Capital may be the three major market makers that launched the SGD$KERNEL for Binance Megadrop, and have been allocated 3.5 million, 3.5 million and 10 million tokens respectively, accounting for 10.47% of the total circulation.
Kraken has opened commission-free trading services for US stocks and ETFs to some US users
Kraken announced that it has opened more than 11,000 commission-free trading services for U.S. stocks and ETFs to some U.S. users, supporting the integrated management of fragmented stock investment and crypto and traditional assets. The first batch of open states include New Jersey, Connecticut, Wyoming and other places, and will gradually expand to the U.S. and international markets in the future. Kraken's move was driven by its FINRA regulatory subsidiary Kraken Securities, aiming to achieve a 24/7, borderless, crypto-based future of asset trading.
Visa joins USDG, a stablecoin alliance initiated by Paxos and Robinhood
According to CoinDesk, Visa will join the Global Dollar Network (USDG) stablecoin alliance initiated by Paxos, becoming the first traditional financial institution to join. The alliance also includes Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish and Nuvei. USDG aims to share stablecoin returns with its members to inspire the construction of liquidity and connectivity, which is different from models of retained returns such as Tether.
Strategy bought 3459 bitcoins last week, costing $285.8 million
According to the latest SEC 8-K document, Strategy (formerly MicroStrategy) sold 959,700 shares of MSTR shares through the "Market Price Issuance" program (ATM) from April 7 to 13, raising approximately US$285.7 million and used to purchase 3,459 Bitcoins, with an average price of US$82,618. According to Michael Saylor, Strategy has a 11.4% Bitcoin yield so far this year. As of April 13, MicroStrategy held a total of 531,644 bitcoins, with a total investment of approximately US$35.92 billion, and an average purchase price of US$67,556.
Binance will launch KERNEL U-standard Perpetual Contract
According to Binance announcement, KernelDAO (KERNEL) will be launched simultaneously on Binance Financial Management, one-click buying, flash exchange, leverage and contract platforms at 20:00 on April 14, 2025 (UTC+8). Among them, KERNEL guaranteed currency-making current products are open for subscription, and one-click trading is supported for credit cards and other methods; full-position and leverage trading is supported from 20:20; U-standard perpetual contracts support up to 75 times leverage.
According to a statement released by Shorooq, the plunge of about 90% of the MANTRA token $OM in the past 24 hours is due to forced easing of large leveraged positions during low liquidity periods, not caused by technical loopholes or project sell-offs. Neither Shorooq nor MANTRA teams sold any tokens before and after the incident, and most of the $OM is still locked. Shorooq emphasizes that it is a long-term equity investor in MANTRA and firmly supports its RWA vision for on-chainization.
MANTRA DAO transfers 38 million OMs to Binance, worth approximately US$26.96 million
According to Arkham data, about 2 hours ago, MANTRA's DAO pledged wallet transferred $38 million to Binance Cold Wallet, which is approximately $26.96 million at the current price.
Google will implement MiCA crypto advertising rules in the EU starting April 23
According to Solid Intel, Google will enforce cryptocurrency advertising regulations in Europe that comply with the Crypto Assets Market Ordinance (MiCA) from April 23, 2025.
Laser Digital issued a statement on X platform saying that it has nothing to do with the recent price plunge of $OM (Mantra). In response to social media rumors that Laser is involved in investor sell-offs, the company said the statement was "false and misleading." Laser clarified that no $OM tokens were transferred to OKX, and the wallets mentioned by the outside world were not owned by it. Its core investment remains locked and reiterates its support for the long-term development of the ecosystem. There was news this morning that at least 17 wallets deposited 43.6 million OMs on the exchange before the OM collapse, accounting for 4.5% of the circulating supply. According to Arkham's tag, 2 of the addresses are associated with Laser Digital. Laser Digital is a strategic investor in MANTRA.
Japan's 30-year Treasury bond yield soared to 2.868%, hitting a new high in nearly 20 years
According to TradingView data, Japan's 30-year Treasury bond yield soared to 2.868%, the highest level since August 2004.
CoinShares: Net outflow of digital asset investment products last week was $795 million
According to CoinShares' latest weekly report data, as of the week ending April 12, 2025, the net outflow of digital asset investment products reached US$795 million, and the capital outflow for three consecutive weeks has brought the cumulative outflow of US$7.2 billion since the beginning of February, almost erasing the net inflow for the whole year. Bitcoin outflows ranked first, reaching $751 million, but it still maintained a net inflow of $545 million since the beginning of the year. Ethereum has flowed out $37.6 million. XRP recorded $3.5 million inflows against the trend, while Ondo, Algorand and Avalanche recorded a small net inflow. Prices rebounded after Trump temporarily withdrew his tariffs, with total assets under management rising to $130 billion.
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