Today's news tips:
Russia to pilot cryptocurrency exchange, limited to high net worth investors
DeFi Development Corporation Increases Its Holdings to $9.9 Million in Solana
Binance will delist ALPACA, PDA, VIB and WING on May 2
Regulatory/Macro
Dubai Virtual Asset Regulatory Authority (VARA) issued an announcement on April 23, emphasizing that except for entities explicitly approved by VARA and Dubai Land Department (DLD), no company may claim to participate in the pilot "DLD Real Estate Tokenization Project" launched on March 19. VARA pointed out that unauthorized participants suspected of engaging in illegal virtual asset activities or violating relevant regulations such as its marketing will face enforcement measures including fines and market bans. VARA reminds users to verify the platform qualifications through the official website to avoid falling into the trap of high-risk unauthorized projects.
Metaplanet purchased another 145 BTC, and its total holdings exceeded 5,000
According to Metaplanet's announcement, as part of its Bitcoin asset allocation strategy, the company purchased another 145 BTC at an average price of approximately 13.28 million yen, with a total amount of 1.926 billion yen. As of now, the company's total holdings have reached 5,000 BTC, with an average purchase price of 12.818 million yen. This strategy has been officially listed as the main business since December 2024, and the funds mainly come from stock issuance and operating income.
Report: Americans aged 60 and over will lose nearly $3 billion to crypto fraud in 2024
According to the 2024 Report released by the FBI Internet Crime Complaint Center (IC3), in 2024, people aged 60 and over in the United States submitted a total of 33,369 complaints due to crypto-related fraud, with a total loss of US$2.84 billion, accounting for more than 30% of the total loss of US$9.3 billion in crypto fraud throughout the year. Overall, IC3 received a total of 149,686 complaints related to cryptocurrency throughout the year, an increase of 66% year-on-year. Investment fraud and crypto ATM fraud were the main methods, with losses reaching US$5.8 billion and US$247 million respectively.
Russia to pilot cryptocurrency exchange, limited to high net worth investors
According to Interfax, the Russian Ministry of Finance and the Central Bank will set up a cryptocurrency exchange for high-net-worth investors as one of the compliance mechanisms under the "experimental legal system". Participants must have assets of more than 120 million rubles or annual income of more than 50 million rubles. The plan aims to legalize crypto transactions and increase market transparency, but it is limited to foreign trade settlements and not applicable to domestic payments. The relevant transactions will be launched in a pilot in 6 months.
Coinbase to open new office in Charlotte, North Carolina, hiring approximately 130 local employees
According to The Block, Coinbase has confirmed that it will set up a physical office in Charlotte, North Carolina, and plans to immediately recruit about 130 local employees, mainly in the fields of compliance and customer support. The expansion is part of the company's commitment to respond to the Trump administration's policies and strengthen local investment. CEO Brian Armstrong previously promised to recruit 1,000 people in the United States during the early stages of the president's term.
DeFi Development Corporation Increases Its Holdings to $9.9 Million in Solana
According to Globe Newswire, DeFi Development Corporation (Nasdaq: JNVR) announced on April 23 that it had increased its holdings of approximately 65,305 Solana (SOL), bringing its total holdings to 317,273, with a market value of approximately US$48.2 million. This time, part of the purchase was obtained through the BitGo OTC channel to lock up SOL, and plans to hold it for a long time and participate in staking to obtain returns. The corresponding SOL holding per share increased by 40% to 0.22, with a value of US$32.88 per share. The company has made SOL its main reserve asset.
Viewpoint
Crypto analysis company Swissblock pointed out that Bitcoin is currently facing obvious resistance in the $94K-$95K range. It is expected that the market may experience a pullback to accumulate momentum for further rise, and the pullback may test the support level of the $89K-$90K range. However, given the structural strength of Bitcoin, these pullbacks are seen as buying opportunities.
According to CryptoQuant analyst oinonen_t, Bitcoin's recent 10.2% rise, its inverse correlation with the U.S. dollar, the possible easing of Trump's tariff policy, and the potential conclusion of a peace agreement in Ukraine may all drive the cryptocurrency stronger. In addition, Bitcoin's correlation with the S&P 500 and Nasdaq indexes has weakened, from 0.88 to 0.77 and from 0.91 to 0.83, respectively. At the same time, Bitcoin's correlation with gold is strengthening, rising from -0.62 at the beginning of the month to -0.31. Bitcoin's scarcity is similar to that of gold and is likely to follow its trend. Analysts believe that if the current trend continues, gold may become a leading indicator for Bitcoin.
Project News
According to the Upbit announcement, Synthetix (SNX) was listed as a trading warning asset by DAXA (Korea Digital Asset Exchange Association) because sUSD failed to stabilize the anchor of 1 US dollar and there was a risk of abnormal price. The deposit service of SNX was suspended from 15:00 (local time) on the same day. The platform will evaluate the asset and decide whether to extend the observation, lift the warning or terminate the trading support. If the risk is not completely resolved during the evaluation period, SNX may face delisting. The time for the resumption of deposit support will be notified separately.
Binance will delist ALPACA, PDA, VIB and WING on May 2
According to Binance's announcement, as they no longer meet the platform's review standards, Binance will stop all spot trading pairs of ALPACA, PDA, VIB and WING tokens and remove them from the shelves at 11:00 (Beijing time) on May 2, 2025. The official emphasized that the decision was based on multiple evaluation indicators such as project team activity, trading liquidity, network security, and community transparency.
$TRUMP Gala Dinner Details: If Cancelled or Trump Absent, Holders Will Receive Limited NFTs
The official terms and conditions of Trump Meme Coin $TRUMP show that the $TRUMP Gala dinner is scheduled to be held at Trump National Golf Club in Washington on May 22, 2025, but the organizer reserves the right to change the time and location. President Trump may be absent. If the dinner is cancelled or he fails to attend, eligible $TRUMP holders will receive a limited edition NFT as a replacement. All participants must be over 18 years old and pass security and background checks, and the relevant travel and accommodation expenses must be borne by themselves.
MilkyWay launches MILK token airdrop, allocating 10% of total to early users
Celestia Ecosystem Liquidity Staking Protocol announced that it will airdrop 100 million MILK tokens (accounting for 10% of the total supply) to mPoint holders, Moolitia NFT holders and milkINIT testers. Users can check the airdrop quota through the official website link and choose to claim it on the chain or through CEX such as MEXC, Gate.io, KuCoin, etc. The deposit deadline is 20:00 on April 26 (Beijing time).
Important data
According to data provided by @ai_9684xtpa, the TOP10 VIP whales of the TRUMP dinner hold a total of 1.65 million TRUMPs, worth about $20.49 million. At present, these whales have accumulated floating losses of $1.26 million due to the inability to obtain the true cost. The data shows that only two whales used the earliest position building address, and the rest withdrew coins from the exchange or built positions on the chain after learning about the dinner. Among them, the TOP1 whale is suspected to belong to Wintermute. It is reported that the TOP25 coin holders will be invited to an exclusive reception before the dinner and have dinner with Trump. Earlier news, $TRUMP Gala dinner details: If canceled or Trump is absent, holders will receive a limited NFT.
According to Lin Chen, head of Deribit Asia Pacific, the April options of Bitcoin (BTC) and Ethereum (ETH) will be delivered at 4 pm this Friday (April 25). By then, BTC will have $7.2 billion in positions expired, the current put/call ratio is 0.73, the maximum pain point is $85,000, and the current price is $92,735, indicating that the buyers of call options have won a big victory. At the same time, ETH will have $800 million in positions expired, the current put/call ratio is also 0.73, the maximum pain point is $1,900, and the current price is $1,769, indicating that the buyers of ETH put options have won a small victory.
According to SoSoValue data, on April 23rd, Eastern Time, Bitcoin spot ETF recorded a single-day net inflow of US$917 million, achieving net inflows for four consecutive days. Among them, BlackRock ETF IBIT had a net inflow of US$643 million, with a historical cumulative total of US$40.632 billion; ARKB had a net inflow of US$129 million, with a cumulative total of US$2.997 billion. BITB recorded a net outflow of US$15.2468 million. As of now, the total net asset value of Bitcoin spot ETF is US$106.388 billion, accounting for 5.72% of the BTC market value.
