Important information last night this morning (April 16-April 17)
Reprinted from panewslab
04/17/2025·2D
Base officially clarifies two Meme coins that it promoted in the early morning
At 3:12 am today Beijing time, Base officially released the Meme coin "Base is for everyone" on the Zora platform. The market value once rose to US$15 million, and its current market value is about US$6.4 million. Then, at 4:30, the second Meme coin called "Base @ FarCon 2025" was launched, with a current market value of US$188,800. Base officials later issued a statement saying that the move aims to encourage content to be put on the chain and promote the development of on-chain culture, emphasizing that "Base has never sold these tokens, and these tokens are not official brand tokens for Base, Coinbase or any related products." Officials say this is a public experiment that will continue to explore how cultural content is expressed on a chain.
14,929 BTCs were unsolicited from Babylon 5 hours ago, worth $1.26 billion
According to Lookonchain monitoring, about 5 hours ago, 14,929 BTC (worth $1.26 billion) were unsolicited from Babylon.
Binance's second batch of voting coins ends, and FTT ranked first in the proportion of votes
According to official news, Binance's second batch of voting coin deposit activities ended at 7:59 today. Among them, the top five votes were FTT (11.1%), ZEC (8.6%), JASMY (8.6%), GPS (8.2%) and PDA (7.6%). According to Binance, the voting results will not be the only factor in deciding to finalize the removal decision. Monitoring of the project is still under evaluation and the final decision will be made by Binance in accordance with our official review process and standards. In addition, the timetable for removal will depend on Binance's procedures.
US SEC will hold its third roundtable for crypto policy on April 25 to focus on hosting issues
According to crypto journalist Eleanor Terrett, the Securities and Exchange Commission (SEC) released details of its third roundtable for cryptocurrency policy, with the April 25 meeting focusing on custody issues, with two panel discussions – one on brokerage proprietors and wallet custody, and the other on investment consultants and investment firm custody. Members of the brokerage proprietor group include: Jason Allegrante of Fireblocks, Rachel Anderika of Anchorage Digital, Terrence Dempsey of Fidelity Investment, Mark Greenberg of crypto exchange Kraken, Veronica McGregor of Exodus, Brandon Russell of Etana Custody, Tammy Weinrib of Copper.co.
According to the Daily News, the Korea Financial Services Commission (FSC) has reiterated its commitment to a stable and timely regulatory framework for stablecoin. Earlier, the South Korean government announced plans to review the second phase of its broader virtual assets framework, with stablecoin regulation a priority. The FSC confirmed that it will adhere to the original schedule and aims to draft specific contents of the second phase of supervision in the second half of this year. A dedicated working group consisting of relevant government agencies will be responsible for organizing the process. The committee also said that in view of recent intensified market volatility, monitoring of the wider virtual asset market, including stablecoins, will be strengthened. These efforts are designed to strengthen protection of cryptocurrency users.
North Carolina pushes HB 92 bill to allow state Treasury Secretary to invest in digital assets
According to Cointelegraph, North Carolina's HB 92 bill has been passed by the House Pension and Retirement Committee. The bill allows state finance ministers to invest in eligible digital assets such as Bitcoin.
Listed Bitcoin mining companies sold 40% of their mining output in March
According to TheMinerMag, listed Bitcoin mining companies stepped up their Bitcoin sell-offs in March, setting the highest monthly clearing rate since October 2024. 15 listed Bitcoin mining companies sold a total of more than 40% of their total Bitcoin production last month, reversing the recent "HODL" trend. Increased sales suggest that miners may be coping with a shrinking profit margin amid the continued sluggish hash prices and increased uncertainty in the trade war. It is worth noting that the data sample since January 2025 has excluded Bit Digital, Argo, Terawulf and Stronghold because they no longer provide monthly updates. In addition, given that Core Scientific has stopped disclosing relevant information since February, its Bitcoin reserves are assumed to be zero. As Bitcoin hash prices hover around cycle lows and transaction fees in blocks drop to 1.1%, mining “holders” appear to be starting to rely on their Bitcoin reserves to maintain operations and enhance liquidity. CleanSpark said Tuesday it will start selling some of its monthly output to cover operating expenses while using its Bitcoin reserves to fund growth plans. A new round of selling activities also coincides with an increase in capital expenditure across the industry. Several major mining companies have announced infrastructure expansion, ASIC upgrades or diversification into the high-performance computing sector—all of which require capital investment in a more severe environment after the halving. From a company-level breakdown, HIVE, Bitfarms and Ionic Digital sold more than 10 of its March production
Panama Capital to accept cryptocurrency to pay taxes, licenses and fines through bank exchange
According to The Block, Panama City Mayor Mayer Mizrachi Matalon posted on the X platform on Wednesday that the Panama City Government has approved the use of cryptocurrency to pay taxes, fees, fines and licenses. Local media confirmed that the city will accept Bitcoin, Ethereum, USDC and USDT. Mizrachi said the Panama capital has implemented this policy by working with a partner bank to convert cryptocurrencies into US dollars when payment is made without the need for new laws.
Raydium launches token issuance platform LaunchLab, with 25% repurchase at RAY
According to Raydium's announcement, it officially launched the token issuance platform LaunchLab, which supports creators to quickly launch tokens through the JustSendIt mode, reaching 85 SOL liquidity and automatically migrating to AMM. LaunchLab provides custom options such as token supply settings, distribution curves, and vesting periods, and can choose to get a 10% transaction fee share. The platform transaction fee is 1%, of which 50% belongs to the community pool, 25% is used for $RAY repurchase, and 25% is used for project infrastructure and operations.
Circle issued another $250 million USD, and has issued $12.5 billion in Solana this year
According to Onchain Lens, stablecoin issuer Circle just issued an additional $250 million USDC on the Solana chain. Since the beginning of this year, Circle has minted a total of US$12.5 billion in Solana Network.
Resolv Labs completes $10 million seed round, led by Cyber.Fund and Maven11
According to CoinDesk, Resolv Labs, behind the DeFi protocol Resolv, announced that it has completed a $10 million seed round of financing, led by Cyber.Fund and Maven11, with Coinbase Ventures, Susquehanna subsidiary SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robot Ventures, Animoca Ventures and others participating in the investment. Resolv focuses on the USR, a profit-based stablecoin, and adopts a hierarchical structure of Delta's neutral strategy, so that holders can get stable returns. Currently, the protocol TVL is US$450 million, and the new funds will be used to expand BTC-related strategies and multi-chain deployment.
Bitwise lists four crypto ETPs on London Stock Exchange
Crypto asset management company Bitwise has listed four crypto exchange-traded products (ETPs) on the London Stock Exchange, including Bitcoin Core ETP, physical Bitcoin ETP, physical Ethereum ETP and Ethereum pledged ETP, with targeting customers being professional UK investors. This series of products has been released in Germany and is now expanding to the European market with the help of LSE. The annual management fee of core Bitcoin ETP is only 0.20%, and the daily cumulative pledge income of Ethereum pledged products meets the diverse allocation needs of institutions.
DWF Labs set up an office in the United States and spent $25 million to buy WLFI tokens
According to the official announcement, DWF Labs announced the establishment of a new U.S. office in New York to advance its global expansion strategy and recently purchased $25 million of World Liberty Financial (WLFI) governance tokens through private equity transactions. Last week, DWF Labs subscribed 250 million WLFIs at a high price of $0.1, with a total amount of $25 million.
According to the "Crypto Industry Report for the First Quarter of 2025" released by CoinGecko, the crypto market experienced a pullback in the first quarter of 2025, with a total market value falling 18.6% to US$2.8 trillion; Bitcoin's market share rose to 59.1%, but the quarterly decline was still 11.8%. Ethereum fell 45.3%, falling back to $1,805, erasing all gains in 2024. The Meme currency sector has receded due to the LIBRA runaway incident, and the deployment of Pump.fun has dropped by 56.3%. CEX spot transaction volume reached US$5.4 trillion, a month-on-month decrease of 16.3%; Solana maintained its dominant position in DEX trading, accounting for 39.6%. DeFi multi-chain TVL fell by US$48.9 billion, a drop of 27.5%.
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