Important information from last night and this morning (April 16-April 17)

Base officially clarified that the two Meme coins it promoted in the early morning were not official brand tokens

At 3:12 am Beijing time today, Base officially released the Meme coin "Base is for everyone" on the Zora platform. The market value once soared to 15 million US dollars, and the current market value is about 6.4 million US dollars. Then at 4:30, the second Meme coin named "Base @ FarCon 2025" was launched, with a current market value of 188,800 US dollars. Base officials subsequently issued a statement saying that this move is aimed at encouraging content to be put on the chain and promoting the development of on-chain culture, emphasizing that "Base has never sold these tokens, and these tokens are not official brand tokens of Base, Coinbase or any related products." Officials said that this is a public experiment and will continue to explore how cultural content can be expressed on the chain.

5 hours ago 14929 BTC were released from Babylon, worth $1.26 billion

According to Lookonchain monitoring, about 5 hours ago, 14,929 BTC (worth $1.26 billion) were unstaked from Babylon.

Binance's second round of voting for listing has ended, with FTT ranking first in vote share

According to official news, Binance's second round of voting to delist coins ended at 7:59 today. The top five vote-winning coins are 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 determining the final delisting decision. The monitoring of the project is still under evaluation, and the final decision will be made by Binance based on our official review process and standards. In addition, the delisting schedule will depend on Binance's procedures.

The U.S. SEC will hold the third crypto policy roundtable on April 25, focusing on custody issues

According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has announced details of its third cryptocurrency policy roundtable. The April 25 meeting will focus on custody issues, with two panel discussions - one on broker-dealers and wallet custody, and the other on investment advisors and investment company custody. Members of the broker-dealer panel include: Jason Allegrante of Fireblocks, Rachel Anderika of Anchorage Digital, Terrence Dempsey of Fidelity Investments, Mark Greenberg of crypto exchange Kraken, Veronica McGregor of Exodus, Brandon Russell of Etana Custody, and Tammy Weinrib of Copper.co.

South Korea's FSC: Will draft the specific content of stablecoin regulatory regulations in the second half of this year as originally planned

South Korea’s Financial Services Commission (FSC) has reiterated its commitment to a smooth and timely development of a regulatory framework for stablecoins, according to the Daily News. This comes after the South Korean government announced plans to review the second phase of legislation for its broader virtual asset framework, with stablecoin regulation as a top priority. The FSC confirmed that it will stick to its original schedule, with the goal of drafting the details of the second phase of regulation in the second half of this year. A dedicated task force consisting of relevant government agencies will be responsible for organizing the process. The commission also said it will strengthen monitoring of the broader virtual asset market, including stablecoins, in light of the recent increase in market volatility. These efforts are aimed at strengthening protection for cryptocurrency users.

North Carolina advances HB 92 to allow state treasurer 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 the state treasurer to invest in eligible digital assets such as Bitcoin.

Publicly traded Bitcoin mining companies sold 40% of their mining output in March

According to TheMinerMag, listed Bitcoin miners stepped up their Bitcoin selling in March, recording the highest monthly liquidation rate since October 2024. Fifteen listed Bitcoin miners sold more than 40% of their total Bitcoin production last month, reversing the recent trend of "HODL". The increase in sales suggests that miners may be dealing with shrinking profit margins amid continued low hash prices and increased trade war uncertainty. 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. With Bitcoin hash prices hovering near cycle lows and transaction fees in blocks falling to 1.1%, mining "holders" appear to have once again begun to rely on their Bitcoin reserves to maintain operations and enhance liquidity. CleanSpark said on Tuesday that it will begin selling part of its monthly production to cover operating expenses while using its Bitcoin reserves to fund growth plans. The new round of selling also coincides with an increase in capital expenditures across the industry. Several major mining companies have announced infrastructure expansions, ASIC upgrades, or diversification into high-performance computing - all of which require capital investment in a more severe environment after the halving. Looking at a company-level breakdown, HIVE, Bitfarms, and Ionic Digital sold more than 10% of their March production.

Panama’s Capital City to Accept Cryptocurrency Payments for Taxes, Licenses, and Fines via Bank Exchanges

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 cryptocurrencies to pay taxes, fees, tickets and licenses. Local media confirmed that the city will accept Bitcoin, Ethereum, USDC and USDT. Mizrachi said that the Panamanian capital implemented this policy by working with a partner bank to convert cryptocurrencies into US dollars when paying, without the need for new laws.

Raydium launches LaunchLab token issuance platform, 25% of transaction fees used for RAY repurchase

According to Raydium's announcement, it has officially launched the token issuance platform LaunchLab, which supports creators to quickly launch tokens through the JustSendIt model, and automatically migrate to AMM when the liquidity reaches 85 SOL. LaunchLab provides customized options such as token supply settings, distribution curves, and vesting periods, and can choose to receive a 10% share of transaction fees. The platform transaction fee is 1%, of which 50% goes to the community pool, 25% is used for $RAY repurchase, and 25% is used for project infrastructure and operations.

Circle issues another $250 million in USDC, bringing the total to $12.5 billion issued on Solana this year

According to Onchain Lens, stablecoin issuer Circle has just issued an additional $250 million in USDC on the Solana chain. So far this year, Circle has minted a total of $12.5 billion in USDC on the Solana network.

Resolv Labs Completes $10 Million Seed Round, Led by Cyber.Fund and Maven11

According to CoinDesk, Resolv Labs, the company behind the DeFi protocol Resolv, announced the completion of a $10 million seed round of financing, led by Cyber.Fund and Maven11, with participation from Coinbase Ventures, Susquehanna subsidiary SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robot Ventures, Animoca Ventures, etc. Resolv focuses on the income-generating stablecoin USR, which adopts a Delta neutral strategy hierarchical structure, and coin holders can obtain stable returns. The current TVL of the protocol is $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 Collateral ETP, targeting professional investors in the UK. This series of products has been issued in Germany before, and now it is expanding into the European market with the help of LSE. The annual management fee of the core Bitcoin ETP is only 0.20%, and the Ethereum Collateral product accumulates collateral income every day, meeting the diversified allocation needs of institutions.

DWF Labs opens US office and spends $25 million to buy WLFI tokens

According to the official announcement, DWF Labs announced the establishment of a new US office in New York to advance its global expansion strategy, and recently purchased $25 million of World Liberty Financial (WLFI) governance tokens through a private placement transaction. Last week, it was reported that DWF Labs subscribed to 250 million WLFI at a high price of $0.1, with a total amount of $25 million.

CoinGecko releases Q1 report: Solana maintains dominance in DEX transactions, accounting for 39.6%

According to the "2025 Q1 Crypto Industry Report" released by CoinGecko, the crypto market experienced a correction in the first quarter of 2025, with the total market value falling by 18.6% to $2.8 trillion; Bitcoin's market share rose to 59.1%, but the quarterly decline was still 11.8%. Ethereum plummeted 45.3% to $1,805, erasing all gains in 2024. The Meme coin sector retreated due to the LIBRA runaway incident, and Pump.fun's deployment volume dropped sharply by 56.3%. CEX spot trading volume reached $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 decreased by $48.9 billion, a drop of 27.5%.

Cipher Mining: 219 BTC mined in January, total Bitcoin holdings reached 1,091

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