Overview of Important Developments on the Evening of April 1

12:00-21:00 Keywords: Metaplanet, Grayscale, Founder of Compound, UPCX Official

1. Binance Megadrop will launch KernelDAO (KERNEL);

2. USDC Treasury has minted 250 million USDC on the Solana chain;

3. Metaplanet announces an increase of 696 Bitcoins, bringing total holdings to 4,046;

4. Grayscale has filed for S-3 registration for its Digital Large Cap Fund, planning to launch an ETF;

5. The U.S. government is expected to complete a comprehensive audit of its cryptocurrency holdings by the 5th;

6. The Irkutsk region of Russia may implement a year-round ban on cryptocurrency mining starting April 1;

7. The founder of Compound is suspected of selling 50,000 COMP through Galaxy Digital;

8. Cyvers: Detected multiple suspicious transactions involving UPCX Official, 18.4 million UPC has been transferred;

9. Analysis: The flash crash of ACT was due to Binance adjusting the leverage position limits for ACT, resulting in excess positions of market makers being liquidated at market price.