PA Daily | Binance's second batch of voting coins will be launched on ONDO, BIGTIME, VIRTUAL; Babylon Bitcoin staking function has been launched on
Reprinted from panewslab
04/12/2025·16DToday's news tips:
1. Argentina Congress will formally investigate the relationship between government officials and Libra
2. Foreign media: Binance executives met with U.S. Treasury officials last month to seek relaxation of regulation
3. Pakistan launches first compliance-based virtual asset regulatory framework
4. Justin Sun responded to WSJ report: He didn't understand the relevant rumors and had a good relationship with CZ and the US Department of Justice
5. Binance announced the results of the second batch of voting coin listings, and will launch ONDO, BIGTIME and VIRTUAL and apply seed tags
6.Babylon Bitcoin staking function has been launched
7.Ethena Labs launches USDe reserve certificate, which will be updated once a week
8. Trump's family crypto project WLFI buys 4.89 million SEI at an average price of US$0.158
Regulatory/Macro
Argentina Congress to formally investigate the relationship between government officials and Libra
The Argentina's lower house approved the establishment of a special committee to investigate the role of senior government officials in the issuance and collapse of the La Libertad Avanza project (i.e. Libra tokens). The committee consists of 24 lawmakers who will review testimony from all parties to confirm whether President Javier Milei, his sister Karina Milei and other government officials have been involved in the issuance of the token and its subsequent collapse. The committee will initiate an investigation on April 23 and must submit an investigation report within three months to clarify relevant responsibilities.
Mile announced the Libra token plan for the first time in February, claiming that it will be used to support small and medium-sized enterprises in Argentina. However, the price plummeted just a few hours after the token issuance, causing losses to tens of thousands of investors. The congressional investigation is one of the investigations carried out by multiple domestic and foreign agencies in the Libra token incident. Other agencies involved in the investigation include the Argentine court and the US Department of Justice, and all parties are committed to finding out the truth of the incident.
According to Cailianshe, European Commission Trade Commissioner Dongbrovskis said that the EU proposed to the United States to impose zero-to-zero tariffs on goods. If no trade agreement is reached, the EU is ready to respond; if necessary, it is prepared to take countermeasures.
The US PPI annual rate in March was 2.7%, and the March PPI monthly rate was -0.4%.
According to Jinshi, the US PPI annual rate in March was 2.7%, expected to be 3.3%, and the previous value was 3.20%. The US March PPI monthly rate was -0.4%, with an expected 0.20%, and the previous value was revised from 0.00% to 0.1%.
Spot gold has reached the $3,240 mark, setting a new record high
According to Jinshi, spot gold rose in the short term, breaking through $3,240 per ounce, setting a new record high, and rising by more than 2% intraday.
Market News: US SEC and Binance apply for another 60-day suspension of litigation
Reporter Eleanor Terrett tweeted that the U.S. Securities and Exchange Commission and Binance have jointly applied to the court to suspend the lawsuit for another 60 days. According to a recent document, the parties held “productive” talks, some of which were related to the work of the cryptocurrency task force and said that continuing to suspend litigation is in the best interest of all parties. The court had previously asked the parties to submit a joint status report by April 14, 2025, and the case will be updated again in 60 days.
Previous news, the US court agreed to suspend the legal dispute between Binance and the SEC until April, and both parties must submit their reports before April 14.
Several members of the U.S. Securities and Exchange Commission (SEC) said at the second roundtable of digital assets that support the establishment of a digital asset regulatory sandbox, allowing crypto exchanges such as Coinbase to freely experiment in new areas, including providing tokenized securities trading.
"I encourage market participants who are developing new ways to trade securities using blockchain technology on what exemptions may apply," said Mark Uyeda, acting chairman of the U.S. Securities and Exchange Commission. "Uyeda specifically noted that the "time-limited, conditional exemption relief framework" can provide unregistered cryptocurrency exchanges with the freedom to innovate in areas such as tokenized securities, and then formulate relevant rules and laws.
According to the Wall Street Journal, people familiar with the matter said Binance executives met with U.S. Treasury officials last month to discuss relaxing U.S. government regulation of the company, while the company is also exploring a commercial deal with a cryptocurrency company in the Trump family. Binance executives have asked Washington Treasury officials to remove a U.S. ombudsman who oversees the exchange's compliance with anti-money laundering laws, some people familiar with the matter said. The move will mark the company's first step back into the U.S. market. The company has admitted to violating these laws in 2023.
Pakistan launches first compliance-based virtual asset regulation framework
Pakistan has launched its first comprehensive policy framework to regulate virtual assets and virtual asset service providers (VASPs), aiming to curb money laundering, support innovation and attract foreign investment. The policy is formulated by specialized government agencies under the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) agencies. The proposed framework requires approval from the legislature and opinions from digital asset companies operating in the country and is expected to be launched in phases starting in 2026.
Viewpoint
Glassnode: Bitcoin gains strong support at $79,000, next test $83,500
Glassnode posted an analysis on the X platform that looking at the basic cost distribution, Bitcoin has gained strong support at $79,000, and about 40,000 BTCs have accumulated at this price. At the same time, Bitcoin has also broken through the $82,080 resistance zone (about 51,000 BTC). If this price can be held, the next price to be tested is $83,500, and there are 48,500 BTC positions here. Ethereum appears to be in the range of $1,548 to $1,599, with 793,900 and 732,400 ETH respectively. Support may be forming at $1,461, where 380,000 ETHs have been accumulated - which could buffer further declines in the near term.
Arthur Hayes: Bitcoin is expected to enter a rise-only mode
BitMEX co-founder Arthur Hayes posted on X platform: "The situation is in full swing. If this trend continues, we will see more policy responses this weekend. Bitcoin is about to enter a rise-only mode but not fall."
In response to the Wall Street Journal report that "CZ once agreed to provide evidence about Sun Yuchen's financial crimes when she pleaded guilty", Sun Yuchen tweeted and responded: "I don't know the rumors currently spreading on the Internet. CZ is my good mentor and friend, and I am also my noble person. During my entrepreneurial process, he gave me attention, guidance and direction. Until today, his principles and style of conduct are still the highest standards I pursue as an entrepreneur. At the same time, the US Department of Justice has always been our T3FCU One of the closest and most trustworthy partners. We work together to handle a large number of important cases designed to protect global users and punish criminal groups around the world. Whether it is CZ or the Justice Department partner, we always maintain direct and honest communication. I have a lot of trust in each of them. Under President Trump's wise crypto policy, the crypto industry in the United States is bound to usher in greater success. As one of the president's earliest cryptocurrencies to choose, TRX will also be a beneficiary of this success."
Project News
Curve founder: Once again, the lock-up period of veCRV held will be extended to 4 years
Curve founder Michael Egorov said on X that he has once again extended the lock-up period of veCRV held to 4 years and publicly extended the specific trading records of the lock-up.
Binance issued an announcement stating that based on voting results and due diligence, Binance will launch Ondo (ONDO), Big Time (BIGTIME) and Virtuals Protocol (VIRTUAL) at 22:00 on April 11, 2025 (East Eighth Time) and open the following spot trading pairs. Please note: Binance Alpha can now trade the above tokens, and will no longer be displayed after spot trading is opened. Users can now transfer their Binance Alpha tokens to their spot account.
- New spot trading pairs: ONDO/USDT, ONDO/USDC, BIGTIME/USDT, BIGTIME/USDC, VIRTUAL/USDT, VIRTUAL/USDC
- ONDO, BIGTIME, VIRTUAL recharge channels will be opened one hour after the announcement is released.
- Withdrawal is expected to be open at 22:00 on April 12, 2025 (East Eighth District Time)
BlackRock reports digital asset inflows of $3 billion in the first quarter
BlackRock, the world's largest asset manager, reported a total net inflow of $84 billion in the first quarter of 2025, achieving 3% annualized growth. According to its financial report released on April 11, the strong performance is mainly due to the record performance of iShares ETF and the continued strong net inflows in the private equity market. BlackRock said that of the net inflows of iShares ETFs of $107 billion, $3 billion (2.8%) flowed into digital asset products in the first quarter. As of March 31, 2025, digital assets brought US$34 million to BlackRock, less than 1% of its long-term revenue; at the end of the first quarter, its total digital assets under management were US$50.3 billion, accounting for about 0.5% of the total assets under management. Although the proportion is not high, BlackRock's net inflow of $3 billion in digital assets is still worth paying attention to given the general liquidation of the Bitcoin ETF market earlier this year, and data shows that investors' interest in crypto-backed ETFs is stable.
CoinList announces the recovery of deposit channels from fiat currency to cryptocurrency
Digital asset platform CoinList has announced the recovery of fiat currency deposit channels to cryptocurrencies. Users can now top up their USD (USD) or Euro) with credit cards, debit cards, Apple Pay and Google Pay (ACH, SEPA and bank wire transfer deposits will be launched soon). CoinList also mentioned that users can top up their USDC accounts in fiat currency, start trading, earn on-chain profits, and "participate in token sales from the United States and overseas."
The update clearly states that the geographical availability of fiat to cryptocurrency deposit channels is as follows: initially open to CoinList users in eligible regions, including CoinList “U.S. states holding currency transfer licenses (MTLs), and most global countries operated by CoinList.”
WalletConnect will launch WCT tokens on April 15
On-chain connection solution WalletConnect will launch native WCT tokens on April 15. The release is managed by the WalletConnect Foundation and aims to promote the decentralization of the WalletConnect network with WCT as its core. Token holders can propose, discuss and make decisions on matters related to the introduction of expenses in the long-term economic model of the network through governance mechanisms. WCT tokens are not only used to incentivize network usage, but also give holders the right to pledge and governance.
According to the WCT white paper, the token will not be transferred immediately, and the transaction opening time will be decided by the WalletConnect Foundation and token holders. The white paper points out that "network functions, long-term planning, ecosystem development and infrastructure protection" are the reasons why tokens cannot be transferred immediately. The distribution of WCT supply is: 27% belongs to the WCT Foundation, 18.5% is used for airdrop activities, 18.5% is allocated to the team, 17.5% is used for rewards, 11.5% is allocated to investors, and 7% is allocated to core developers. The tokens for developers, teams and investors have a four-year unlocking period and a one-year lock-up period, and the airdrop activity will be staged in phases in the next few years.
Binance Contract Will Launch XCNUSDT USDT Perpetual Contract
According to the official announcement, the Binance Contract Platform will launch the XCNUSDT perpetual contract at 23:30 on April 11, 2025 (East Eighth District time), with a maximum leverage of 25 times.
According to the official announcement, Binance Financial Management, one-click buying coins, flash exchange trading platforms and leverage will be launched on Ondo (ONDO), Big Time (BIGTIME) and Virtuals Protocol (VIRTUAL) according to the timeline listed below.
- Binance Financial Management: ONDO, BIGTIME and VIRTUAL guaranteed currency earning current products will be launched on the Binance guaranteed currency earning platform at 22:00 on April 11, 2025 (East Eighth District time) and will be open for subscription.
- Buy coins with one click & sell coins: ONDO, BIGTIME and VIRTUAL can start trading with one click within one hour after Binance spot is launched.
- Flash exchange trading platforms: ONDO, BIGTIME and VIRTUAL are within one hour after Binance spot is launched.
- Binance Leverage: Coin safe position and position-by-position leverage will be added at 22:20 on April 11, 2025 (East Eighth District Time), as well as ONDO, BIGTIME and VIRTUAL Borrowable Assets, as well as ONDO/USDT, ONDO/USDC, BIGTIME/USDT, BIGTIME/USDC, VIRTUAL/USDT, VIRTUAL/USDC, VIRTUAL/USDT, VIRTUAL/USDC, all position-by-position leverage trading pairs.
pump.fun: The live broadcast function has been launched to all users
pump.fun announced on the X platform that the "Pump Fun" live broadcast function has been launched to 100% of users, and is equipped with an industry-standard audit system and transparent guidelines. Including the prohibition and removal of live broadcasts containing hate speech, violence, nudity or other inappropriate content. pump.fun announced the resumption of live broadcast functionality last week, but it was only open to 5% of users.
Babylon Bitcoin staking function has been launched
Babylon tweeted that the Bitcoin staking function has been launched. Bitcoin can be staked for the first time, providing proof of stake (PoS) security to Babylon Genesis and receiving stake rewards in return. To ensure security, only 1000 Bitcoin registrations from Phase 1 Cap-1 are currently allowed. After a 24-hour buffering and testing period, Bitcoin staking was officially activated at 18:04:03 (UTC+8) on April 11 at 27600 in Babylon Genesis block height.
Previous news , the Layer 1 blockchain Babylon Genesis, which is collateralized by Bitcoin, has been officially launched. It is reported that this is the second phase of Babylon's launch of the Bitcoin staking protocol.
According to on-chain data analyst @ai_9684xtpa, DWF Labs has become the top 2 on-chain holdings in WLFI for the US dollar stablecoin USD1, and currently holds 6 million USD1 pieces.
Previously, after DWF Labs received 1 million stablecoins on April 3, it received 5 million USD1 on the BSC network again 9 hours ago, and then crossed the chain to the Ethereum main network. In addition, Wintermute should be the TOP1 organization on-chain holdings of USD1. Currently, the four addresses hold a total of 57 million USD1 pieces, 9.5 times the size of DWF Labs' holdings.
Ethena Labs launches USDe reserve certificate, which will be updated once a week
Ethena Labs launches USDe reserve certificate. The Proof was created and launched in partnership with Harris & Trotter, Chaos Labs, LlamaRisk and Chainlink. The reserve certificate will be updated weekly, mainly verifying the value of USDe's asset reserves, whether the reserve assets are greater than or equal to USDe's supply, whether the reserve assets are composed only of digital assets approved by governance, and whether the reserve assets remain neutral in USD. This solution provides further independent verification from external third parties to ensure that USDe's supported assets are not escrowed on the exchange. Reserve Fund assets are not included in the USD value of the USD support assets.
Important data
Bitcoin spot ETF net outflows of $1.0271 million yesterday, lasting 7 days of net outflows '
Ethereum spot ETF net outflow was US$29.1981 million yesterday, with net outflows lasting for 4 days
Trump's family crypto project WLFI buys 4.89 million SEI at an average price of $0.158
According to Onchain Lens monitoring, the Trump family crypto project World Liberty Financial (WLFI) bought 4.89 million SEIs for USDC of 775,000 USDC, with an average price of US$0.158, and currently holds a total of 5,983,278 SEIs.
A whale sold 4,482 ETH in the past 14 hours, worth US$7.05 million
According to @ai_9684xtpa monitoring, address 0x62A...795B2 has sold 4482 ETHs in the past 14 hours, worth US$7.05 million, with an average price of US$1,572. 9 hours ago he recharged 1,000 ETH into Kraken, and the remaining 3,482 ETH was sold on the chain through guccilorian.eth; the address had frequent interactions with block builders Beaver Builder and Titan build.
