PA Daily | WCT on Binance has a nearly 20% premium over OKX; TRUMP will unlock 4% of total supply tokens on April 18
Reprinted from panewslab
04/16/2025·4DToday's news tips:
Data: Binance WCT is now at $0.624, with a 18.4% premium over OKX
Spot gold breaks through $3,300 per ounce, setting a new record high
US listed company Janover announces an increase in holdings of about $10.5 million in SOL
BNB completes its 31st quarterly token destruction, worth approximately US$916 million
Regulatory/Macro
Spot gold breaks through $3,300 per ounce, setting a new record high
Spot gold prices hit a new high, breaking through $3,300 per ounce for the first time. Prices soared by $70 intraday, up more than 2%.
At today's regular press conference of the Ministry of Foreign Affairs, a reporter asked a question. The latest statement from the White House on its official website stated that due to China's retaliatory measures, the US tariffs on China have increased to 245%. In this regard, Foreign Ministry spokesman Lin Jian said that you can ask the US side for the specific tax rate figure. China has repeatedly stated its solemn position on the issue of tariffs. This tariff war was initiated by the United States. China has taken necessary countermeasures in order to safeguard its legitimate rights and interests and international fairness and justice, which is completely reasonable and legal. There are no winners in tariff wars and trade wars. China is unwilling to fight, but it is never afraid of fighting.
According to Cointelegraph, US Bitcoin mining company CleanSpark said that in order to achieve financial self-sufficiency, the company will begin selling a portion of its mining business monthly. Additionally, CleanSpark has obtained a $200 million credit line backed by Bitcoin by reaching an agreement with Coinbase Prime, the institutional brokerage arm of crypto exchange Coinbase, according to a statement. CleanSpark CEO Zach Bradford said that Bitcoin sales and line of credit together mean that CleanSpark has “achieved the speed of escape—that is, the ability to conduct business with its own funds, increase Bitcoin reserves, and contribute to expanding capital through operating cash flow.” CleanSpark has opened an institutional Bitcoin trading desk to facilitate cryptocurrency sales, the company added.
UK House of Commons leader Lucy Powell's X account was hacked and used to promote "HCC" token scam
According to the BBC, the X account of the British House of Commons leader Lucy Powell was hacked and used to promote the fraudulent "House of Commons" cryptocurrency. On Powell’s X account, a series of now-deleted posts describe the “HCC” token as “a community-driven digital currency that brings the power of the people to the blockchain.” The MP's office confirmed that her account was hacked Tuesday morning and said "steps have been taken to protect the account and delete misleading posts". Recently, some public figures with a large number of fans, including BBC journalist Nick Robinson, have also encountered similar cyber hacking. Luke Nolan, senior researcher at CoinShares, said the hacking of the Powell account was an example of a "pull up shipment" with only 34 transactions in the token, which could have brought about a profit of about £225.
Japanese listed company Value Creation plans to spend 100 million yen to buy Bitcoin again
According to CoinDesk, Tokyo-listed logistics and technology company Value Creation issued a statement saying the company expects to add 100 million yen (about $700,000) of Bitcoin to its balance sheet in the next four months. The company has previously purchased about 200 million yen (about $1.4 million) worth of Bitcoin. The company said the funds came from surplus capital reserved for future investments.
Metaplanet announces issuance of $10 million bonds to increase Bitcoin
According to official news, Japanese listed company Metaplanet Inc. announced the issuance of interest-free ordinary bonds worth $10 million to increase its holdings in Bitcoin.
US listed company Janover announces an increase in holdings of about $10.5 million in SOL
According to the official announcement, US listed company Janover Inc. announced on April 15 that it has purchased 80,567 Solana (SOL) worth about $10.5 million. This is the third implementation under its newly adopted digital asset library strategy. The purchase brings Janover's total Solana holdings to 163,651.7 pieces, worth approximately US$21.2 million (including pledge rewards). The company will immediately start pledging its newly acquired SOL, generating revenue while supporting the Solana network. It is reported that Janover is an artificial intelligence platform connecting the commercial real estate industry.
NFT project CyberKongz announces US SEC has concluded its investigation
According to The Block, NFT collection project CyberKongz announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation. This is the latest investigation into such projects ended by the SEC since President Donald Trump took office earlier this year. On Tuesday, CyberKongz posted a statement on the X platform to confirm that the SEC investigation has officially ended and revealed that it will launch a "brand rebrand" plan. “For CyberKongz, the shackles have been lifted,” the company said. “We have been preparing for this for a long time. Soon, we will announce a comprehensive rebranding plan and new development directions.” In December last year, CyberKongz received a Wells Notice from the SEC, a formal warning issued by the SEC to the relevant companies before possible enforcement actions. CyberKongz revealed that they have been under tremendous pressure since they first received an inquiry from the SEC two years ago. The project said the SEC's law enforcement team made "a very worrying argument that tokens (ERC-20) cannot be used in conjunction with blockchain games without registering them as securities."
Viewpoint
Coinbase said in its latest report that some extreme negative sentiment has emerged due to the implementation of global tariffs and the potential for further escalation, which may herald the beginning of a new round of "encrypted winter". Meanwhile, although venture capital funds for cryptocurrencies increased in the first quarter of 2025 compared with the previous quarter, they were still 50%-60% lower than the peak of the 2021-2022 cycle. This greatly limits new capital to enter the cryptocurrency ecosystem, especially in the altcoin space. In the case of poor stock market performance, the road to recovery in the cryptocurrency market remains challenging even as the regulatory environment brings some unique favorable factors. The interaction of these factors portrays a difficult cyclical outlook for the digital asset field, which may require continued caution in the short term (perhaps in the next 4-6 weeks). However, Coinbase also believes investors need to take a tactical approach to the market, as Coinbase expects that the process may be quite rapid when market sentiment finally resets and is optimistic about the market in the second half of 2025. In addition, the report pointed out that recently, the Bitcoin (BTC) and the COIN50 index both fell below the 200-day moving average (200DMA), and this technological breakthrough may indicate that the crypto market is about to enter a bear market cycle.
According to OKG Research's analysis, White House adviser Bo Hines recently mentioned the "budget-neutral purchase of BTC". OKG Research systematically sorted out five possible paths, including tariff revenue redistribution, gold revaluation, asset tokenization, unused budget recovery and pension-guided allocation, and estimated that its potential release scale range is: $764 billion – $874 billion + USD. Under the action of the market multiplier (2x–5x), it may drive the market value of BTC to increase by US$1.5–4.4 trillion. If estimated based on actual active circulation, the theoretical price anchor of Bitcoin may be re-established to: $207,000 – $398,000 per coin. OKG Research believes that budget neutrality is not just a fiscal technique, but an institutional precursor to the sovereign structure reanimating the value of digital assets; its expectations themselves have the ability to revaluate pricing.
Standard Chartered Bank: Stablecoin supply is expected to surge to $2 trillion by 2028
According to The Block, Standard Chartered's latest report predicts that the upcoming stablecoin regulation bill in the United States (GENIUS Act) will drive the global stablecoin scale to surge from the current US$230 billion to US$2 trillion by the end of 2028. Geoffrey Kendrick, head of digital assets at the bank, pointed out that the bill would provide legal status for the industry and prompt stablecoin issuers to increase their holdings of U.S. bonds on a large scale. The report shows that in the next four years, the demand for US Treasury bonds in the stablecoin industry is expected to reach US$1.6 trillion - enough to digest all new short-term Treasury bonds in Trump's term after re-election; at an average annual average of US$40 billion, the stablecoin industry may become the largest group of buyers in the US Treasury market. In addition, Circle has currently allocated 88% of its USDC reserves to short-term US Treasury bonds, and this model may become the industry standard. Analysts believe that the rapid development of the US dollar stablecoin will consolidate its position in the short term, but in the long run, if stablecoins supported by other currencies appear, it may pose a challenge to the US dollar's status. It is worth noting that the bill requires that the term of stablecoin reserve assets shall not exceed 93 days, which will prompt issuers to centrally allocate short-term treasury bonds, further affecting the structure of the US bond market.
Project News
Bithumb will launch WalletConnect (WCT) won trading pair
South Korean exchange Bithumb announced that it will launch the Korean won market trading of WalletConnect (WCT). The network is Optimism, and the recharge of other networks is not supported. The transaction is expected to start at 19:00 on April 16, 2025.
Binance will launch AERGO/USDT perpetual contract, up to 15 times leverage
Binance announced that it will launch the AERGOUSDT perpetual contract at 19:00 on April 16, 2025 (Beijing time), with a maximum leverage of 15 times.
BNB completes its 31st quarterly token destruction, worth approximately US$916 million
The BNB Foundation announced the successful completion of the 31st quarterly BNB token destruction, which destroyed a total of 1,579,207.72 BNBs, equivalent to approximately US$916 million. After this destruction, the remaining number of BNBs to be destroyed was 40,886,572.43, and the total supply was 139,311,899.514. Previously, BNB Chain completed its 30th quarterly destruction of BNB, destroying a total of approximately US$1.116 billion worth of BNB.
Upbit will launch DEEP and SHELL in BTC and USDT markets
According to the official announcement, South Korean crypto exchange Upbit will launch DEEP and SHELL in the BTC and USDT markets, and transactions are expected to start at 18:00 (UTC+8) on April 16.
Upbit will launch WCT in the Korean won, BTC and USDT markets
According to the official announcement, South Korean crypto exchange Upbit will launch WCT in the Korean won, BTC and USDT markets, and trading will start at 17:00 (UTC+8) on April 16.
Binance Contracts to be launched on INITUSDT USDT perpetual contract trading
According to the official announcement, the Binance Contract Platform will launch pre-market trading of INITUSDT perpetual contracts at 14:30 on April 16, 2025 (East Eighth District time), with a maximum leverage of up to 5 times.
Bithumb will launch KERNEL in the Korean won market
According to the official announcement, South Korean crypto exchange Bithumb will launch KERNEL in the Korean won market.
Towns will launch TOWNS tokens in Q2, with an initial airdrop ratio of 10%.
According to official news, the decentralized communications protocol Towns announced that it will launch TOWNS tokens in the second quarter of 2025. The initial total supply of TOWNS is 10 billion and will be launched on Base and Ethereum. 10% of the supply will be distributed to its supporters in the form of initial airdrops. Membership fees, tips, transaction fees and other transaction fees are returned to the TOWNS token ecosystem through automatic mechanisms such as buying, selling and destroying tokens, providing power to the network and strengthening community ownership of the agreement. Previously, in April, the social communications agreement Towns completed a US$10 million Series B financing, led by a16z crypto.
According to The Block, decentralized lending protocol Maple Finance has received $25 million in funding allocation from the Sky ecosystem, aiming to continue to expand into the real-world asset sector. The funds come from the stablecoin and lending agreement Sky (formerly MakerDAO) and Spark sub-DAO. Both parties plan to increase the deployment amount, which may reach as much as $50 million. The agreement will first allocate $25 million and gradually expand by investing an additional $5 million a day to Maple's lending market syrupUSDC fund pool. Maple notes that Sky and Spark's fund allocation will increase loan book activity and support the agreement's revenue through a repo. This latest funding allocation represents Sky's deepening commitment to diversifying its exposure to DeFi and RWA areas.
Mantra CEO promises to destroy its OM tokens to regain investor trust
According to CryptoSlate, Mantra CEO John Patrick Mullin proposed destroying his own OM tokens to restore investor confidence after the protocol's native token price plummeted. Mullin said that the tokens he holds are part of the 300 million OM tokens reserved by the team, and the unlocking period ends in April 2027. On April 15, Mullin issued a public statement on X platform, promising to destroy the share of the tokens he can obtain in the future, and said that if the project recovers, the community can decide whether to allow it to regain these tokens. According to Tokenomist data, he currently holds about 772,000 OM tokens, less than 1% of the circulating volume of more than 80 million OM tokens on April 15. Mullin has allocated his tokens to the liquid proof of stake protocol Fluxtra. Although he made a promise and disclosed his current position, he did not announce the specific position, and said that he would announce the token share he held when the destruction plan is ready. Related Readings: Out of control encrypted train, OM's market value of 10 billion yuan collapsed, and after the manipulation was exposed, many parties held their own opinions
Semler Scientific Applies to Issue $500 Million in Securities to Buy More Bitcoin
Nasdaq-listed medical technology company Semler Scientific has applied to the U.S. Securities and Exchange Commission (SEC) for the issuance of $500 million in securities by filing S-3 registration documents. The issuance will be primarily used for general corporate purposes, including but not limited to the purchase of Bitcoin.
Important data
Data: Binance WCT is now at $0.624, with a 18.4% premium over OKX
According to OKX and Binance market data, the current WCT on OKX is currently priced at $0.527, and the current WCT on Binance is currently priced at $0.624, and Binance has a premium of about 18.4% compared to OKX. Previous news, Bithumb will launch the WalletConnect (WCT) won trading pair.
According to @ai_9684xtpa monitoring, TRUMP tokens will unlock 40 million pieces on April 18, accounting for 20% of the circulating supply and 4% of the total supply. TRUMP developer address has removed 366,000 TRUMP and $4.6 million USDC liquidity from Meteora 16 hours ago. Currently, the address still holds liquidity of 14.72 million TRUMPs and 200 million USDC in Meteora, and holds 15.38 million TRUMPs on the chain, worth approximately US$120 million.
1ROR/WETH pool was attacked and lost $780,000, and funds flowed to TornadoCash
According to Cyvers Alerts monitoring, the 1ROR/WETH pool was attacked on the Ethereum chain, with a loss of about $780,000. The attacker used the vulnerability of the emergencyWithdraw() function to implement the attack, and previously only deposited a small amount of funds to trigger the vulnerability. After the attack, funds are quickly exchanged into ETH and transferred through multiple wallets, with some of which flowing to TornadoCash. Monitoring shows that the suspicious addresses used by the attacker were also initially funded by TornadoCash.
According to the on-link analyst Yuchen Monitor, the MELANIA project has sold a total of US$14.06 million worth of MELANIA (20.5 million) through liquidity addresses and community addresses in the past month. The average price is about $0.686. Community allocation part: 10.5 million MELANIA were sold for 44,013 SOLs. 10.5 million MELANIA is transferred to 4 addresses for sale in the form of adding unilateral liquidity, and then transfers the SOL to 9 wallets. Liquidity distribution part: $MELANIA was sold for 57,407 SOL. 10 million MELANIAs are transferred to 5 addresses for sale in the form of adding unilateral liquidity, and then transfer the SOLs to 5 wallets. The 101,000 SOLs sold for 20.5 million MELANIA are stored in the following 15 addresses. Currently worth $12.83 million.
According to Spot On Chain monitoring, Galaxy Digital deposited 12,500 ETH (about $20.31 million) into Binance about 8 hours ago. In the past 4 days, Galaxy Digital has deposited a total of 37,500 ETH (approximately US$60.34 million) into Binance, with the average ETH price at the time of depositing it was $1,609.
Financing
Treehouse Finance valuates $400 million in new round of financing
Treehouse Finance, which focuses on DeFi fixed income, completed a round of strategic financing, with the tokens fully diluted valuation reaching US$400 million. This round adopts a SAFT structure, and investors include well-known institutions such as MassMutual Ventures and industry figures such as Ethena and QCP. Treehouse is committed to creating decentralized benchmark interest rate DOR and income assets tAssets, with a goal of connecting to the traditional $600 trillion fixed income market. Currently, the platform has attracted more than 30,000 wallets and 120,000 ETH deposits. The main network is expected to be launched in June.
Optimum completed a seed round of $11 million, led by 1kx
Infrastructure project Optimum announced the completion of a US$11 million seed round of financing, led by 1kx, with Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, Reforge and others participating in the investment. Financing will be used for product development and ecological integration. Optimum is committed to building a decentralized high-performance memory infrastructure for blockchain. Based on random linear network coding (RLNC) technology, it launches high-performance node communication layer OptimumP2P and decentralized memory product DeRAM, aiming to provide efficient data transmission and storage solutions for any blockchain network. OptimumP2P is about to be launched on the test network and is inviting public chain and node operators to participate in the test.
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