Important information from last night and this morning (April 29-April 30)

Binance to Support IOTA (IOTA) Network Upgrade and Hard Fork

According to the official announcement, Binance is expected to suspend the token recharge and withdrawal services of the IOTA (IOTA) network at 14:00 (Eastern Time) on May 5, 2025 to support its network upgrade and hard fork. The project party is expected to perform a network upgrade and hard fork at 15:00 (Eastern Time) on May 5, 2025.

Ledger scammers are sending postal mail to steal recovery phrases

According to Cointelegraph, an offline phishing scam targeting Ledger hardware wallet users has recently appeared, with scammers asking victims to verify their mnemonics via postal mail. On April 29, technology commentator Jacob Canfield exposed a fake "Ledger Security Update Notification" letter on the X platform, which contained a QR code with a brand logo, inducing users to enter a 24-word recovery phrase. Ledger officials immediately responded and emphasized: "We will never ask for mnemonics in any way." This scam may be related to the Ledger user data leak in July 2020, when the names, phone numbers and addresses of more than 270,000 users were made public by hackers. In 2021, it was reported that some users received fake hardware wallets with pre-installed malware. Experts remind: Any request for mnemonics is a scam, and physical isolation is the core security advantage of hardware wallets.

The number of independent addresses in the Ethereum L2 ecosystem has reached 13.6 million, a record high

According to Cointelegraph, the number of independent addresses in the Ethereum Layer 2 ecosystem reached 13.6 million, a record high, up 74% in 7 days. The dominance of Layer 2 reached 6.69 times, with more than 832,000 transactions per week.

Standard Crypto partners transferred 2,000 MKR and 20,000 AAVE to Coinbase 1 hour ago

According to the on-chain analyst Ember, Standard Crypto partner @izebel_eth transferred 2,000 MKR (about $3.06 million) and 20,000 AAVE (about $3.31 million) to Coinbase 1 hour ago. He bought these MKR and AAVE on the chain in late February and early March, and he should have lost $262,000 on these two tokens.

Coinbase executive: Gold appreciation could lead to U.S. Treasury buying Bitcoin sooner than expected

According to The Block, Sebastian Bea, president of Coinbase Asset Management, said in a recent episode of The Scoop that if the U.S. government reassesses the gold-dollar exchange rate, it may accelerate its plans to buy Bitcoin. He pointed out that Bitcoin is transforming from a highly volatile technology asset to a gold-like value storage tool, a trend that has attracted more institutional attention and portfolio integration.

Cardone Capital Establishes 10-Asset Real Estate Fund to Acquire More Than 1,000 Bitcoins

According to Cointelegraph, Cardone Capital has set up a real estate fund consisting of 10 assets (a total of 2,500 units) to acquire more than 1,000 Bitcoins.

The U.S. Senate will vote on the stablecoin-related GENIUS Act in May

According to Cointelegraph, the U.S. Senate will vote on the GENIUS Act in May. The bill sets reserve requirements and regulatory rules for stablecoins, aiming to balance innovation and consumer protection. This is an important step in the field of stablecoin regulation.

Dingaling will launch Solana's on-chain token issuance platform boop this week and will conduct airdrops

NFT whale dingaling posted on the X platform: "The Solana on-chain token issuance platform boop will be launched this week. Airdrops will be carried out at the launch to reward trading users." In addition, he also stated that the points system will not be launched, and more details will be released soon.

An investor/institutional address transferred 9 million UNI to Coinbase Prime 1 hour ago, equivalent to approximately 47.07 million US dollars

According to monitoring by on-chain analyst Ember, an investor/institutional address that received 9 million UNI from Uniswap in September 2020 transferred all 9 million UNI (approximately US$47.07 million) to Coinbase Prime 1 hour ago.

The top 4 holders who attend the Trump dinner will receive a Trump Tourbillon watch

According to official news, the top 4 holders who attend the Trump dinner will receive a Trump Tourbillon watch. Each watch is numbered, and only 147 watches are issued worldwide. President Trump owns watch number 1.

El Salvador Says It Will Still Buy Bitcoin After IMF Deal

According to Bloomberg, Salvador's Minister of Economy Maria Luisa Hayem said at the Web Summit event in Rio de Janeiro that despite signing a loan agreement with the International Monetary Fund (IMF) requiring a halt to the accumulation of Bitcoin, El Salvador will continue to buy Bitcoin. Hayem confirmed in a live interview: "President Bukele has promised to continue accumulating assets." According to official news from the Bitcoin Office of Salvador, El Salvador has added 8 Bitcoins to its national Bitcoin strategic reserve in the past 7 days, with a total of 6,162.18 Bitcoins in reserve.

SoFi plans to restart crypto services by the end of 2025

According to CoinDesk, financial technology company SoFi announced that it will restart cryptocurrency services and plans to resume customer crypto asset investment functions by the end of this year. The company's CEO Anthony Noto said in an interview with CNBC that this return will be more strategic than before the suspension of services in 2023, and plans to integrate blockchain technology in all its major products in the next 24 months. In 2023, SoFi took the initiative to suspend trading services for more than 20 tokens in order to obtain a US banking license. Noto said that the new regulations issued by the US Office of the Comptroller of the Currency (OCC) in March this year reduced the compliance burden of banks participating in crypto businesses, creating conditions for restarting. In addition to trading, SoFi may also launch crypto payment and crypto asset lending services.

UK Treasury plans to work with US to promote innovation in crypto industry

According to The Block, the UK Treasury issued a statement on April 30, saying that it plans to work with the United States to promote innovation in the crypto industry. Chancellor of the Exchequer Rachel Reeves said that through the "Change Plan", new regulations will be formulated for crypto asset service providers such as Bitcoin and Ethereum to enhance investor confidence and promote growth. The move is aimed at making the UK "the best place for innovation in the world." The statement revealed that Reeves recently met with US Treasury Secretary Scott Bessent in Washington to discuss cooperation in digital asset regulation, including relevant proposals put forward by SEC Commissioner Hester Peirce. The two finance ministries will continue to explore ways to support the responsible development of digital assets through the "UK-US Financial Regulatory Working Group." The UK has adjusted its policies to support the crypto industry many times this year, including revising the Financial Services and Markets Act 2000 in January to cancel strict supervision of domestic pledge service providers. This series of measures echoes the Trump administration's support for the crypto industry.

BlackRock applies for DLT Shares for its $150 billion money market fund, deploying blockchain applications

According to Bloomberg ETF analyst Henry Jim, BlackRock has applied for a digital share class, DLT Shares, for its $150 billion money market fund. DLT shares will only be sold through BNY Mellon, which intends to use blockchain technology to mirror ownership, which may be a preliminary preparation or foreshadowing for the future use of digital currency/cash.

Tether minted 2 billion USDT on the Ethereum network in the early morning

According to Whale Alert, at 02:18 and 02:22 Beijing time this morning, Tether Treasury minted a total of 2 billion USDT through two transactions on the Ethereum network. Tether CEO Paolo Ardoino said that the newly minted USDT was a replenishment of inventory. This is an authorized but unissued transaction, which means that the amount will be used as inventory for the next issuance request and chain exchange.

Trump's media company is exploring utility tokens for the Truth Social ecosystem

According to The Block, Trump Media & Technology Group, a media company owned by US President Trump, is considering launching a utility token that users of the "Truth digital wallet" can use to pay for "Truth+ subscription fees" and may also be used to pay for "other products and services within the Truth Social ecosystem" in the future. Last November, the company filed a trademark application for the fintech brand Truth.Fi, which mentioned services related to "downloadable computer software that acts as a digital wallet."

Unto Labs raises $14.4 million to develop new RISC-V-based blockchain

According to Fortune, Unto Labs announced the completion of a $14.4 million financing led by Framework Ventures and Electric Capital, with a valuation of $140 million. Unto is developing its own blockchain and self-developed virtual machine ThruVM, based on the RISC-V architecture, aiming to improve compatibility with traditional hardware and lower the entry threshold for non-crypto developers. The funds will be used to expand the team size and accelerate product development.

Trump Organization to accept crypto payments at new Dubai property

According to The National, Eric Trump, executive vice president of the Trump Organization, said that the company will accept cryptocurrency payments in a new $1 billion project in Dubai. The project, developed by the Trump Organization in cooperation with Dar Global, includes hotels, residential units and clubs and is expected to be completed in five years. Eric Trump said that Dubai has become a hot real estate market in the world and has attracted a large number of international investors.

The UK has released a draft regulation on crypto assets, which will include cryptocurrency exchanges and other entities in the regulatory system

According to the policy statement and draft document released by the UK Treasury today, the new regulations intend to include cryptocurrency trading platform operations, stablecoin issuance, custody services, pledges, market making and matchmaking activities under the Financial Services and Markets Act 2000, requiring crypto companies targeting UK retail customers to be approved in the UK. The new regulations clarify the definitions of "qualified crypto assets" and "qualified stablecoins", and make supporting amendments to transparency, anti-money laundering, financial promotion, etc. Stablecoins will not be included in payment regulations for the time being. The Treasury expects to complete the legislation within 2025.

Camp Network Completes $25 Million Series A Funding, Led by 1kx and Blockchain Capital

According to Fortune, Camp Network, a blockchain project focusing on AI copyright profit sharing, announced the completion of a $25 million Series A financing round, led by 1kx and Blockchain Capital, with participation from OKX, Lattice and Paper Ventures, with a valuation of up to $400 million. Camp Network is committed to building an on-chain storage and licensing platform for content creators and plans to launch cryptocurrency this year. Co-founder Murthy said that as AI companies gradually standardize the use of data, blockchain can become an important tool for verifying copyright compliance. It is worth noting that Camp Network’s official Twitter account subsequently announced that it had raised $30 million. In addition to 1kx and Blockchain Capital, Lattice, TrueBridge, Maven 11, Hypersphere, OKX and Paper Ventures also participated in the investment in Camp Network.

Binance Wallet will launch the 14th TGE: B² Network

According to Binance Wallet official news, the 14th exclusive TGE event will be held on April 30th from 8:00-10:00 UTC through PancakeSwap. It is necessary to meet the specified Alpha Points threshold. The specific requirements will be announced before the event. Another 8.4 million B2 tokens will be used for subsequent market activities, and detailed information is to be released.

Nasdaq applies to list 21Shares Dogecoin spot ETF

According to documents submitted by Nasdaq to the SEC, Nasdaq intends to list and trade the 21Shares Dogecoin ETF under Rule 5711(d). The trust is managed by 21Shares US LLC, Coinbase Custody will hold Dogecoin assets, and track the DOGE-USD fixing price index released by CF Benchmarks. The ETF will only be subscribed and redeemed in cash, with each basket unit being 10,000 shares. The trust does not use leverage or derivatives, nor does it participate in pledges or income generation.

Privacy blockchain Miden completes $25 million seed round of financing, led by a16z Crypto, Hack VC, and 1kx

According to Fortune, Miden, a privacy blockchain project co-founded by a former Meta engineer, announced the completion of a $25 million seed round of financing, led by Andreessen Horowitz's crypto department, Hack VC, and 1kx, with participation from Finality Capital Partners, Symbolic Capital, and several crypto angel investors. Polygon Labs did not invest directly, but incubated Miden and reached an agreement to distribute approximately 10% of Miden's future tokens to Polygon token holders. Miden focuses on achieving transaction privacy through zero-knowledge proofs, while taking into account the performance and decentralization of blockchain.

Pundi AI Joins NVIDIA Inception Accelerator Program

According to Pundi AI's official announcement, Pundi AI has officially joined the NVIDIA Inception program, which aims to support startups that use technology to innovate industries. Pundi AI focuses on building an open AI ecosystem, covering cross-chain data layers, data annotation platforms, and AI data trading markets. By joining the program, Pundi AI will receive market expansion support, hardware discounts, cloud resources, and deep learning training to further accelerate product development and deployment.

DWF Labs announces market maker for JST token

DWF Labs announced a partnership with DeFi platform JUST to become a market maker for JST tokens, aiming to increase JST market liquidity and boost the development of the JUST ecosystem.

Circle receives preliminary approval from Abu Dhabi to operate as a money services provider

According to The Block, stablecoin issuer Circle has obtained preliminary approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM) to operate as a currency service provider. Previously, Circle established a new legal entity in ADGM in December 2024 to expand into the Middle East and Africa markets. This preliminary approval means that Circle has met the requirements for conducting financial business in ADGM, pending final approval. Circle plans to further expand in the region and has submitted an IPO application to the US Securities and Exchange Commission earlier this month.

DWF Labs completes its first physical gold transaction and plans to trade physical silver, platinum, and cotton in the future.

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