Headlines
▌A newly created wallet withdrew 420 BTC from Binance one hour ago, valued at $39.2 million
According to Lookonchain monitoring, a newly created wallet withdrew 420 BTC from Binance one hour ago, valued at $39.2 million.
▌Hyperliquid official X account has been hacked, please do not click on related links
According to Ponzi Trader, the Hyperliquid official X account has been hacked, please do not click on related links.
Market
As of press time, data from Coingecko shows:
BTC recent transaction price is $94,621.75, with a daily fluctuation of +0.2%;
ETH recent transaction price is $1,802.96, with a daily fluctuation of +0.5%;
BNB recent transaction price is $601.57, with a daily fluctuation of +0.1%;
SOL recent transaction price is $148.65, with a daily fluctuation of +2.2%;
DOGE recent transaction price is $0.1741, with a daily fluctuation of +0.1%;
XPR recent transaction price is $2.20, with a daily fluctuation of -1.5%.
Policy
▌Institutions like Solana propose to the SEC to put U.S. stocks on-chain to promote financial innovation
The Solana Policy Institute, Superstate Inc., Lowenstein Sandler LLP, and Orca Creative submitted a new framework to the U.S. Securities and Exchange Commission (SEC) crypto special working group on Wednesday, aiming to put equity securities like stocks on-chain. This pilot project, called 'Project Open', is said by the Solana Policy Institute to be 'a reflection of the advancement of financial innovation in the United States', which can enhance the transparency of U.S. financial markets, achieve instant settlement, and reduce costs. BlackRock CEO Larry Fink has also pointed out: 'Every stock, every bond, every fund—every asset—can be tokenized.'
Blockchain applications
▌Tether plans to launch a new stablecoin product in the U.S. as early as this year
Tether CEO Paul Ardoino stated in an interview with CNBC on April 30 that Tether plans to launch a stablecoin product in the U.S. as early as this year, depending on the progress of U.S. lawmakers on stablecoin legislation. He referred to Tether's USDT as 'the best product in U.S. history'—the 'largest exporter' of dollars, currently with a market value close to $150 billion, accounting for about 66% of the stablecoin market share. Ardoino emphasized that Tether is actively cooperating with law enforcement to demonstrate the benefits of USDT to the U.S. economy.
Cryptocurrency
▌A whale deposited $5 million USDC into HyperLiquid, shorting HYPE with 5x leverage
According to Onchain Lens monitoring, a whale deposited $5 million USDC into the HyperLiquid platform and opened a short position on HYPE with 5x leverage.
▌Pompliano seeks to raise $200 million for ProCap Acquisition through SPAC IPO
Famous cryptocurrency investor Anthony Pompliano has applied for a $200 million IPO through a SPAC, with the company named ProCap Acquisition Corp. This SPAC aims to target high-growth companies in the fintech and digital asset sectors. Pompliano previously served as product lead at Facebook and co-founder of Morgan Creek Digital, and now runs Professional Capital Management. The management team of ProCap includes professionals with backgrounds in mergers and acquisitions, venture capital, and digital asset compliance.
▌Metaplanet establishes a U.S. subsidiary focusing on Bitcoin fund operations
Japanese listed company Metaplanet has established a U.S. subsidiary in Florida with a capital of $250 million, focusing on Bitcoin fund operations.
▌Coinbase will list Mantle (MANTLE)
Coinbase will add support for Mantle (MANTLE) on the Ethereum network (ERC-20 tokens); if liquidity conditions are met, trading will begin at 9 AM Pacific Time on May 1, 2025, or later. Once sufficient asset supply is established, the MANTLE-USD trading pair will be launched in phases. Support for MANTLE may be restricted in certain supported jurisdictions.
▌Coinbase will add WLD to the listing roadmap
Coinbase announces it will add Worldcoin (WLD) to the listing roadmap.
Important economic dynamics
▌Eight Hong Kong digital banks announced their performance: total loss of over 2.6 billion Hong Kong dollars in 2024
Eight Hong Kong digital banks (previously referred to as virtual banks) announced their full-year results for 2024, all banks failed to escape losses, with a total loss of over 2.6 billion Hong Kong dollars across the eight digital banks, narrowing by about 12% year-on-year. The main situations are as follows: 1. Mox Bank recorded a loss of 710 million Hong Kong dollars, narrowing by 4% year-on-year, continuing to be the digital bank with the largest annual loss; 2. ZA Bank's loss narrowed by 42% to 230 million Hong Kong dollars, with customer deposits at 19.4 billion Hong Kong dollars by the end of 2024, up 66% year-on-year, continuing to be the bank with the most customer deposits; 3. WeLab Bank is expected to achieve profitability in the first quarter of this year after reaching breakeven in December last year.
▌Spot gold falls below $3,250/ounce
Spot gold falls below $3,250/ounce, retreating over $40 from the daily high.
▌Trump calls on Congress to pass the largest tax cut measure in U.S. history, claiming it will achieve GDP growth of 3.3% to 3.8% in the short term
On May 1, news from the official announcement of the White House stated that President Trump once again called on Congress to pass the 'big and beautiful bill' as the largest tax cut measure in U.S. history. After the bill is passed, it is expected to: increase real GDP by 3.3% to 3.8% in the short term; increase real wages by $3,300 per year; increase middle-class household income by $5,000 per year; and create 4.1 million new jobs.
▌The U.S. actively contacts China through multiple channels hoping to negotiate on tariffs
According to sources, recently, the U.S. has actively contacted China through various channels, hoping to negotiate on tariffs. Recently, President Trump and his economic and trade team have also frequently hinted that the U.S. is negotiating with China. International trade negotiation experts analyze that the more frequently the U.S. releases messages, the more it shows its eagerness to promote negotiations. From the perspective of negotiations, it is currently clear that the U.S. is the more anxious party. The Trump administration is facing multiple pressures, the first being economic pressure, and the second being public opinion pressure. The analyst believes that before the U.S. takes substantial action, there is no need for China to talk with the U.S. However, if the U.S. hopes to engage with China, it is not a bad thing for China at this stage; China needs to observe and even force the U.S. to reveal its true intentions, thereby mastering the initiative in negotiation and confrontation. (Yuyuan Tan Tian)
Jinse Encyclopedia
▌What is address poisoning attack
In the cryptocurrency world, hostile behavior by attackers to manipulate or deceive consumers by tampering with cryptocurrency addresses is called address poisoning attack. On blockchain networks, these addresses, composed of different alphanumeric strings, are the sources or destinations of transactions. These attacks use various methods to compromise the integrity and security of crypto wallets and transactions.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Everyone should establish a correct investment philosophy and be sure to enhance risk awareness.
