Emily Vuong

Drama liquidates 66 million tokens $MOVE and the internal suspicions
▶️ The scandal involving the #MOVE token from Movement Labs has raised many questions about the ambiguous relationship between the stakeholders, especially the role of the intermediary company Rentech and the MM Web3Port team.
1. On December 9, 2024: MOVE listed on Binance.
2. On December 10: 66 million MOVE were dumped → price plummeted significantly.
3. Binance immediately froze related wallets and banned MM's activities.
4. The project claims it will 'investigate', stating it was deceived and does not know who Rentech is.
▶️ Everything happened too quickly, as if premeditated.
🔔 The dubious role of Rentech and Web3Port
- Rentech signed a market-making contract with Web3Port, then returned to propose that the Movement Foundation borrow 5% of the total MOVE supply, with profit-sharing terms based on FDV.
- Within a few days, MOVE was listed with an FDV of nearly $2B, then dumped right when the #FOMO market hit.
📌 The strange thing is: Who transferred the tokens to Rentech? Tokens cannot just appear out of thin air, and the project team is definitely involved.
▶️ Was this a setup from the start?
1. #FDV 'in the sky', product not yet available
→ Movement knows this valuation can't hold for long, needs to 'exit' discreetly.
2. Create a dubious intermediary layer
→ Use Rentech as a 'shield' to dump, shift blame, and then wash hands of responsibility.
3. Play the victim role afterward
→ Foundation opens an investigation, Co-founder temporarily withdraws → media is directed towards 'we were betrayed'.

📍 Kakarot launches zkEVM written in Cairo, aiming for real-time STARK proof for Ethereum

📌 Kakarot – a zkEVM written in the Cairo language – has just announced the capability to generate independent STARK proofs for each Ethereum block, with the goal of achieving real-time proof by the end of 2025.

📌 Unlike other zkEVMs such as Scroll or zkSync that use popular stacks (revm, Plonky3), Kakarot chooses to build from the ground up in a “ZK-native” way, allowing for the integration of proof creation logic directly within each line of code to enhance speed and security.

📌 The project aims to create proof for Ethereum blocks in just 8 seconds – faster than the original block creation cycle (12 seconds), opening up the potential to build an independent proving client layer for Ethereum, helping to verify network logic.

📌 Ethereum developers consider this a significant advancement that helps diversify zkEVM solutions and strengthens the reliability of Layer-1 infrastructure in the future.

💸 #FIFA launches its own EVM-compatible blockchain, migrating the entire NFT platform to the new chain
➕ FIFA will deploy its own blockchain named "FIFA Blockchain," compatible with the Ethereum Virtual Machine (EVM). This will serve as an alternative infrastructure for the current FIFA Collect platform. The migration process will begin on May 20, 2025.
➕ All listed NFTs will be automatically transferred to the new chain unless users proactively delist them before the upgrade.
➕ Wallets on the Algorand network, such as Pera and Defly, will no longer be supported. Users need to switch to MetaMask or wallets that support WalletConnect.
➕ USDC can be used for transactions before the upgrade but will no longer be a payment method once the system transitions to the new blockchain. However, users can still withdraw USDC from the platform.
🔔 This move indicates that FIFA is serious about Web3, viewing blockchain not merely as a "marketing gimmick" but as part of a long-term strategy. The shift to EVM chains also shows their priority is to expand the community and compatibility rather than maintain on less popular chains.

# Camp #Network raises $30 million to build a Layer-1 copyright protection for AI
▶️ Camp Network – a Layer-1 blockchain focused on protecting content copyright for AI – has just completed a $30 million Series A funding round.
▶️ The project allows users to register, store, and license intellectual property (IP) directly on the blockchain: from articles, music, images to source code and videos.
▶️ Camp uses the “Proof of Provenance” consensus mechanism to verify the source of content and transparently grant usage rights for AI models — aimed at addressing the issue of plagiarism and copyright infringement in the booming GenAI era.
▶️ The investment funds participating in the funding round include: 1kx, Blockchain Capital, OKX Ventures, Maven 11, Lattice, Paper Ventures…
▶️ The capital will be used to complete the Layer-1 infrastructure, develop the copyright licensing toolkit, and expand the creator – AI – application ecosystem.
▶️ Camp Network plans to launch its own token by the end of 2025 after the platform stabilizes.

📍 ALPACA increased 35 times after the delisting announcement on Binance, then split in half

📌 $ALPACA – the token of the Alpaca Finance project – unexpectedly surged 35 times, from 0.034 USD to 1.26 USD in just a few hours after the announcement of its delisting from the Binance exchange.

📌 However, shortly after, the price quickly plummeted over 50%, currently trading around 0.53 USD – marking a classic pump & dump.

📌 The fierce volatility caused over 54 million USD to be liquidated in the derivatives market, including one trader who was liquidated with a position worth nearly 4 million USD.

📌 Notably, at one point, the trading volume of ALPACA on Binance even surpassed BTC – raising many suspicions of price manipulation and insider trading.

📌 This is a clear example of the risks of trading altcoins during a delisting period: one side accumulates all the liquidity, while the other becomes exit liquidity.

🚨 The March PCE of the US has just been announced:
📌 Core PCE M/M: 0% (expected +0.1%, last month +0.4%)
Core PCE Y/Y: +2.6% (expected +2.6%, last month +2.8%)
📌 Headline PCE M/M: 0% (expected 0%, last month +0.3%)
Headline PCE Y/Y: +2.3% (expected +2.2%, last month +2.5%)
The Core PCE Y/Y of the United States has reached its lowest level since June of last year.
If calculated based on the monthly increase, Core PCE M/M is at its lowest since April 2020 (the lowest in 5 years).
PCE shows that American consumer demand is clearly weakening compared to the same period last year. The impact on import goods prices due to the strengthening DXY in the first 2-3 months of the year has also reflected on the May PCE.
The Fed will be quite pleased with this data; however, PCE also warns early that the US economy is clearly slowing down. US stocks have started to rally green.

🚨 Trump Media considers launching utility payment token

📌 #Trump Media & Technology Group (#DJT), the parent company of Truth Social, is considering launching a utility token to be used within its ecosystem. This token will be integrated into the brand's Truth digital wallet, serving as payment for services such as Truth+ subscriptions.

📌 This is a move by Trump Media to expand into the digital finance sector, following the launch of its new fintech brand "Truth.Fi" in January 2025. The company has also previously partnered with Crypto.com and Yorkville to implement ETF funds related to digital assets.

📌 The plan to launch the token has sparked controversy as the project announced that the 220 holders of the most TRUMP tokens will be invited to an exclusive dinner with Mr. Trump. Observers believe this is a form of "tokenizing power".

📌 Following this news, on-chain TRUMP transactions surged by 200%. Many reports indicate that the TRUMP memecoin has generated hundreds of millions of USD in profits for entities associated with Mr. Trump, including his family.

📌 DJT shares fell by -3%, and TRUMP dropped by -8.5% after the news. At the same time, the Trump Tower real estate project in Dubai also announced it would accept crypto payments – indicating Trump's ambition for a comprehensive expansion into Web3.

“Dinner with Trump” ignites #TRUMP memecoin: Price surges 60%, on-chain activity triples

The event "Dinner with Trump" – where 220 top TRUMP token holders will be invited to a private dinner with the former US President – has created a frenzy in the market. The price of the TRUMP token skyrocketed by over 60% in just a few days, while on-chain trading volume increased by up to 200%.
Analysis shows that most transactions come from small wallets (under $100,000), indicating that a wave of retail speculation is pushing this token into a short-term fomo cycle. Large wallets (exchange, market maker) appear to be quite cautious, primarily maintaining liquidity without participating in fomo.
This surge once again reflects the reality that the crypto market is still overly dependent on the shilling activities of celebrities or political figures. The narrative "Trump" is being fully exploited but seems to only last for a few brief days.
$TRUMP

Ethereum is set to implement the Fusaka hard fork at the end of 2025, eliminating the EOF upgrade

Ethereum plans to implement the Fusaka hard fork by the end of 2025, focusing on enhancing the performance and scalability of the network. A notable point is the plan to completely eliminate the EVM Object Format (EOF) – an upgrade that was once expected to improve the way smart contracts are stored and executed.

EOF includes 12 EIP proposals (such as EIP-3540, EIP-4200, EIP-4750…), aimed at redesigning the bytecode structure, introducing new instructions, and eliminating the ability for dynamic jumps in smart contracts. The goal is to increase safety, ease of auditing, and optimize EVM performance.

However, many developers, particularly from the Vyper group and libraries like OpenZeppelin, warn that implementing EOF right now could break backward compatibility, posing significant risks to the entire dApp ecosystem. An internal survey also showed that many large holders oppose this plan.

In response to pressure from the community, Ethereum decided to remove EOF from the Fusaka hard fork, instead focusing on less risky upgrades like PeerDAS (improving data distribution) and raising the gas limit to 150 million to enhance scalability.

Fusaka is expected to be implemented in Q3 or Q4 of 2025. This decision indicates that Ethereum prioritizes stability and listens to the community rather than pushing for technical changes that could disrupt the ecosystem.

$ETH

🌱 Ethereum Foundation restructures leadership, reaffirms the mission "The Endless Garden"
In recent months, the organization has faced heavy criticism for being a bureaucratic machine, passive in the face of rapid changes in the crypto market, and lacking responsiveness to those passionate about Ethereum.
Founder Vitalik Buterin has repeatedly had to call for the community to cool down. However, under increasing pressure, EF has been forced to make concessions: appointing two new Co-CEOs, Tomasz K. Stańczak and Hsiao-Wei Wang, replacing Ms. Aya Miyaguchi – who has been elevated to Chair of the organization.
Hsiao-Wei Wang: A senior researcher within EF, will serve as a bridge between the Board of Directors and the technical team.
Tomasz K. Stańczak: Founder of Nethermind, will be responsible for accelerating the progress of crucial technical infrastructure projects for Ethereum.
The current Board of Directors includes:
Vitalik Buterin (Founder – continues to guide technical direction and strategy)
Aya Miyaguchi (Chair – oversees strategy and external relations)
Patrick Storchenegger (Legal Advisor)
Hsiao-Wei Wang (Co-CEO and Council Member)
Ethereum Foundation also sets three strategic priorities for the coming year:
Scaling Layer 1.
Improving connectivity between Layer 1 and Layer 2.
Optimizing user and developer experience.
Through this restructuring, EF reaffirms four core values: anti-censorship, open-source innovation, privacy protection, and enhanced security, while emphasizing the organization's image as "the gardener" nurturing the Ethereum ecosystem to grow naturally, without centralized control. $ETH

🏅 Tether Gold (XAUT) reaches a market cap of $770M, backed by 7.7 tons of gold

#Tether has just released its first attestation report for #stablecoin #Tether #Gold (XAUT), confirming that all over 246,000 tokens in circulation are backed 1:1 by physical gold. The total volume of gold currently stands at approximately 7.7 tons, stored in secure vaults in Switzerland.
Each XAUT represents one troy ounce of gold meeting LBMA standards, with a current value of approximately $3,315. Tether asserts that backing with real gold and adhering to strict regulations makes XAUT a reliable digital asset for both individual and institutional investors.
CEO Paolo Ardoino stated: in the context of global central banks actively accumulating gold, XAUT emerges as a new benchmark for gold tokenization – bridging the gap between traditional assets and the blockchain world.

🇺🇸 U.S. Secretary of Commerce: #Bitcoin is the "new gold" under Trump
🔔In a recent interview, U.S. Secretary of Commerce Howard Lutnick asserted that Bitcoin is on track to become the “new gold” of America under the Donald Trump administration. He believes that the scarcity – the supply limited to 21 million BTC – is the key factor creating sustainable value for Bitcoin, completely different from the approach under the previous administration.
🔔Lutnick has been investing in cryptocurrencies since 2020 and currently plays a key role in shaping policies related to Bitcoin. He is behind the "Investment Accelerator" program at the Department of Commerce, which helps large investments navigate legal barriers – particularly prioritizing Bitcoin mining projects. $BTC
🔔This program aims to build independent power plants for miners, reducing reliance on the public power grid and leveraging cheap energy sources like hydroelectric or gas from oil fields. Lutnick stated that placing data centers at gas fields will help the U.S. break through in the mining sector while dismissing concerns that this makes Bitcoin more centralized. According to him, America is indeed the ideal place for innovation and the development of decentralized technology.

$1INCH officially integrates Solana, expanding multi-chain DeFi
▶️On the afternoon of April 29, 1inch – the DEX aggregation protocol – announced the integration of the Solana blockchain, allowing users to perform on-chain swaps with over 1 million tokens in this ecosystem. This integration uses an intent-based architecture, where users specify transaction parameters, and competing resolvers handle orders through Dutch auction, aiming to reduce slippage and optimize liquidity.​
▶️Solana is currently one of the fastest-growing DeFi networks, with total DEX trading volume reaching 539 billion USD, 5 billion transactions, and 228 million active wallet addresses in the past 3 months. 1inch plans to implement cross-chain swap features between Solana and 10 other networks in the near future.​
▶️Users can connect with 1inch on Solana via Phantom or Trust Wallet (through WalletConnect).​
▶️Currently, the 1INCH token is trading around 0.2 USD, up 17% in the past 7 days, but still down over 97% from its peak of 8.65 USD in October 2021.

#Miden raises $25 million, separates from Polygon and launches its own blockchain

🔥Miden (formerly Polygon Miden) has completed a $25 million seed funding round, led by a16z crypto, 1kx, and Hack VC. Other notable investors include Finality Capital, Symbolic Capital, P2 Ventures, and founders from MakerDAO, Aptos, and EigenLayer.​
🔥The project officially separated from Polygon Labs as of March 31, becoming the third independent entity after Avail and Privado ID. The reason is that Polygon is focusing on the AggLayer program and transitioning to a project incubation model.​
🔥Miden will develop a new blockchain called Edge, utilizing zk-Rollups technology, focusing on data processing on client-side devices rather than relying on traditional nodes. This aims to serve large financial organizations with privacy needs while still complying with regulations.​
🟢The project is expected to launch its mainnet in Q4/2025, accompanied by the release of its own token. About 10% of the token supply will be airdropped to those staking and holding POL, as a way to thank the community that has supported Miden from the early days.

🚀 Stride launches Stride Swap – the first DEX running directly on Cosmos Hub

📌 Stride – the leading liquid staking platform in the Cosmos ecosystem – has just announced the development of Stride Swap, the first IBC-compatible decentralized exchange (DEX) operating directly on Cosmos Hub.

📌 The project is backed by the organization managing the Cosmos ecosystem, aiming to realize the ambition of turning Cosmos into a multi-chain liquidity hub.

🔗 IBC Eureka integration – a lever to expand into Ethereum

📌 Stride Swap will leverage the IBC Eureka upgrade to enable seamless connectivity between Cosmos and EVM chains like Ethereum.

📌 Users can swap assets cross-chain, participate in custom vaults, and provide liquidity on a permissionless platform.

📈 STRD token reacts positively

📌 Following the news, the STRD token increased by over 8% in 24 hours, reaching a price of around 0.2 USD.

📌 The current TVL on Stride exceeds 32 million USD – indicating high expectations from the community.

🌐 Long-term vision

📌 Stride Swap is the first step for Cosmos to become the #DeFi hub of the multi-chain world.

📌 A representative from #Stride stated: “IBC Eureka is the rail, and Stride will bring liquidity operating on it.”

📍 Standard Chartered: #Bitcoin could reach a new peak of ~120,000 USD as early as Q2/2025

Standard Chartered Bank has just made a forecast that Bitcoin could hit 120,000 USD in the second quarter of 2025, establishing a new all-time high (ATH). The report emphasizes that the main driver comes from strong cash flows of Bitcoin spot ETFs in the US and increasing demand from institutional investors.

Standard Chartered also believes that Bitcoin is gradually asserting its role as "digital gold", especially in the context of decreasing supply after the halving and investor sentiment remaining positive despite macroeconomic volatility.

This forecast is significantly higher than the current price of BTC, indicating the confidence of major financial institutions in the long-term trend of the crypto market.

$BTC

📍 Bitcoin ETF "buying spree" 3 billion USD in 1 week – Are whales back in the race?
▶️In just 7 days, #Bitcoin spot #ETFs have net purchased up to 3 billion USD, marking the strongest capital inflow week since being approved by the #SEC. Leading the way are familiar names like BlackRock and Fidelity, indicating that institutional money is returning to BTC after a corrective phase.
▶️Notably, this "buying spree" occurs amidst ongoing concerns about the Fed's interest rate policy and global macroeconomic instability. The major players ramping up purchases shows long-term confidence in Bitcoin as a strategic asset, despite short-term volatility.
▶️With the halving just concluded and BTC supply becoming increasingly scarce, the ETF cash flow is likened to a "vacuum cleaner" that could soon push Bitcoin prices back into an uptrend. If this net buying momentum continues, the market could definitely expect a new breakout in the next quarter.
🚩Could this be a signal that "smart money" is acting before retail even realizes? With whales already in position, the only question left is: Are you ready yet? $BTC $ETH

MicroStrategy buys an additional 1.42 billion USD worth of Bitcoin – Raising total holdings to 214,400 BTC
▶️MicroStrategy, under the leadership of Michael Saylor, has just announced the purchase of an additional 25,250 BTC worth 1.42 billion USD in the first quarter of 2024.
▶️With this transaction, MicroStrategy currently holds a total of 214,400 BTC, reinforcing its position as the largest publicly traded company holding Bitcoin in the world. This BTC was purchased at an average price of approximately 35,180 USD/BTC, significantly lower than the current market price.
▶️This continues Michael Saylor's strategy of "buying the dip relentlessly," as he always asserts that Bitcoin is a core asset in MicroStrategy's long-term strategy.

👀Justin Sun is one of the top holders $TRUMP , will have dinner with the President of the United States

▶️President Donald Trump will host a dinner party with the top 220 #holder TRUMP - the official memecoin linked to his name. The gala will take place on May 22, 2025, at Trump's private golf club in Washington D.C. Notably, the top 15 holders will not only dine with Trump but also have the privilege of attending a private reception before the gala and a VIP tour at the White House.

▶️According to Arkham, the cold wallet believed to belong to Justin Sun holds 1.18M tokens $TRUMP ($14.1M), which is the wallet with the largest amount of #TRUMP ever registered to attend the gala.