PA Daily | Spot gold breaks through $3,200; Grayscale updates the list of potential investment assets
Reprinted from panewslab
04/11/2025·18DToday's news tips:
One address sold CryptoPunk NFT for approximately $6 million, losing tens of millions
Binance will launch PROMPTUSDT perpetual contract with up to 25 times leverage
Grayscale updates the list of potential investment assets
Trump signs bill to revoke crypto tax rules during Biden administration
Spot gold breaks through the $3,200 mark for the first time
Regulatory/Macro
The State Council Tariff Commission announced that from April 12, 2025, the tariff rate on imported goods originating from the United States will be increased from 84% to 125%. This adjustment is based on relevant Chinese laws and regulations and basic principles of international law and is approved by the State Council. The committee pointed out that even if the US continues to impose tariffs, it will no longer have economic significance and will become a joke in the history of the world's economics. Under the current tariff level, there is no possibility of market acceptance of goods imported from the United States. If the US continues to play the tariff digital game, China will ignore it, but if the US insists on substantively infringing on China's interests, China will resolutely counter and stay with it to the end. Other related matters will continue to be implemented in accordance with the previous announcement.
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.
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 content involves key disclosure elements in documents such as business description, risk factors, securities characteristics, management information, financial statements and smart contract code display requirements.
Viewpoint
CryptoQuant analyst Darkfost advises investors to consider implementing a fixed investment (DCA) strategy on altcoins. He noted that it has entered the buy range, which is defined by the 30-day moving average trading volume below the annual average. This situation last occurred in September 2023, after the bear market ended. Such phases can last for weeks or even months, and have historically provided an opportunity to set up a DCA strategy.
Project News
Grayscale updates the list of potential investment assets
Grayscale has released a list of potential digital assets that may be included in its investment products in the future. The assets being considered include APT, ARB, TIA, HBAR, MNT, TON, TRX, VET, AREO, BNB, ENA, HYPE, JUP, ONDO, PENDLE, PLUME, AIXBT, IMX, IP, AKT, FET, AR, EIGEN, GEOD, HNT and JTO. In addition, assets not included in the crypto industry framework include Babylon, BERA, Monad, MOVE, Lombard, OM, SYRUP, ELIZA, DEEP, GRASS, Prime Intellect, Sentient, Space and Time, and WAL.
Binance will launch PROMPTUSDT perpetual contract with up to 25 times leverage
According to Binance announcement, Binance Futures will launch the USDⓈ-denominated PROMPTUSDT perpetual contract at 14:30 on April 11, 2025 (Beijing time), which can support up to 25 times leverage. PROMPT has previously launched spot trading in the Binance Alpha market.
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.
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.
Coinbase International Station will launch COMP, UXLINK and ATH perpetual contract transactions
PANews reported on April 10 that Coinbase International Station issued a statement on the X platform that Coinbase International Station and Coinbase Advanced will add support for Compound, UXLINK and Aethir perpetual contracts. The COMP-PERP, UXLINK-PERP and ATH-PERP markets are expected to open at 17:30 Beijing time on April 17.
Important data
FTX/Alameda address was released from 186,000 SOL 1 hour ago, worth approximately US$21.56 million
According to PeckShield Alert, FTX/Alameda related wallet address was released from 186,000 SOL 1 hour ago, with a current market value of approximately US$21.56 million.
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.
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.
Financing
Plastic Labs completes $5.35 million in Pre-Seed financing, launches AI identity platform Honcho
Plastic Labs announced the completion of a $5.35 million Pre-Seed round of financing, led by Variant, White Star Capital and Betaworks, with Mozilla Ventures, Seed Club Ventures, Greycroft and Differential Ventures, and angel investors include Scott Moore, NiMA Asghari and Thomas Howell. Meanwhile, its personalized AI identity platform "Honcho" has now opened for early access. Honcho provides user identity modeling and social cognition functions through cloud APIs, helping developers build AI agents with personalized memory and adaptability. Plastic plans to expand Honcho from a platform to a decentralized network, allowing users to share and sovereignly own their "digital identity representation" among multiple AI applications, promoting an individual-led paradigm of AI alignment.
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 in bet against Farcaster?
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. 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.
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