Zombit

Tesla denies rumors of searching for a new CEO

(Wall Street Journal) today published a report claiming that the Tesla board has contacted several high-level headhunting firms to begin the search for a new CEO to succeed Elon Musk.

In response, Tesla Chairman Robyn Denholm strongly denied the news this afternoon, stating that the report is "completely false," and emphasized that the board has "high confidence in Musk continuing to execute the company's future growth plans." Musk himself also responded on X, stating that the report is "deliberately published fake news."

Supported by OpenAI CEO Sam Altman and dedicated to building a 'real human network,' the cryptocurrency project World (formerly known as Worldcoin) officially announced its entry into the U.S. market, launching first in six major cities, including: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco.

World stated that U.S. users can claim the native token WLD by verifying their human identity and establishing a World ID. This move is seen as an important step towards globalization for the project and represents its human verification technology entering the U.S. market for the first time. Under the new Trump administration, the U.S. has become more friendly towards the cryptocurrency industry, and the policy environment has clearly shifted to support Web3 and crypto innovation. World is considered to have timed its entry into the U.S. market perfectly, with hopes of gaining more policy space and funding support.

According to reports from Bloomberg citing anonymous sources, blockchain payment company Ripple had proposed to acquire the stablecoin USDC issuer Circle for a price between $4 billion and $5 billion, but this acquisition proposal was rejected by Circle on the grounds that the offer was 'too low.' The report also indicated that even now, Ripple remains interested in acquiring Circle.

Circle is the second largest issuer of the USD stablecoin USDC in the world, second only to Tether (USDT), which has the highest market share. Ripple, on the other hand, launched its own USD-pegged stablecoin RLUSD earlier this year, clearly intending to extend its reach into the stablecoin market.

Behind the rapid expansion of cryptocurrency, another unseen force is becoming increasingly active.

Carl Agnelli, the security chief of the cryptocurrency division of Andreessen Horowitz (a16z), bluntly stated in a recently published article:

If you are starting a business but not thinking about personal security, everything you do could be wiped out overnight.

He is not being alarmist. As a former Secret Service agent and a senior security expert who has protected various U.S. presidents, Agnelli reveals in his article that cryptocurrency entrepreneurs are facing a wave of covert, yet highly organized and violent targeted crimes.

As the Trump administration escalates trade war pressures against China, causing global market fluctuations, Bitcoin (BTC) has recently shown stable performance, not experiencing significant volatility like risk assets such as US stocks. This phenomenon has drawn widespread attention from institutional investors and the crypto community, who believe that Bitcoin is exhibiting characteristics of a 'low Beta asset.'

Bitcoin becomes a low Beta asset

At the Token2049 summit held this week in Dubai, BlackRock's head of digital assets, Robert Mitchnick, stated that although the positioning of this 'low volatility safe-haven asset' is still controversial in terms of fundamentals, it might become a self-fulfilling expectation due to market repetition. Robert Mitchnick said:

Ethereum co-founder Vitalik Buterin posted on the social platform Warpcast yesterday, publicly sharing for the first time his 'personal' focus for 2025, which spans Ethereum's technological development, security and privacy protection, as well as broader decentralized social infrastructure. He also pointed out that while he participates less in some areas, other core developers are already taking the lead.

Vitalik explicitly stated in the article that Ethereum will remain his top priority this year, especially the long-term roadmap for the core protocol layer (Layer 1), including single-slot finality, long-term VM evolution, statelessness, and how to enhance scalability while maintaining the network's security, resilience, and decentralization.

The United States announced several key economic data last night (April 30):

The quarter-on-quarter GDP growth rate for the first quarter is -0.3%, lower than the market expectation of -0.2%.

The year-on-year core PCE growth rate for March is 2.6%, a new low since June 2024, in line with expectations.

GDP data shows a substantial economic slowdown, while the cooling of core PCE suggests that inflation is gradually being controlled. After the data was released, the three major U.S. stock indices fell more than 2% at one point during the session, reflecting a rising market sentiment of concern over economic recession.

While economic contraction and consumer confidence dropping to historic lows are reasonable concerns for traditional financial investors, for cryptocurrency traders, such weak macro data actually reinforces expectations that the Federal Reserve will initiate a rate-cutting cycle.

According to a report by (The Block), BlackRock’s head of digital assets Robert Mitchnick stated that funds have begun to flow back into Bitcoin ETFs, and the structure of investors is shifting from retail to institutional investors.

Mitchnick stated at the Token2049 event in Dubai that investment funds for Bitcoin ETFs are 'massively flowing back.' He also mentioned that in the early stages of ETF launches, funds mainly came from retail investors, including high-net-worth individuals with holdings of over $100 million, but the proportion held by these groups has been declining each quarter, while the proportion held by institutional and wealth advisory clients has been rising. He explained that institutional clients have a longer time horizon and it’s not something that can be accomplished overnight.

According to a report by CNBC, Eric Trump, the second son of President Trump and Executive Vice President of the Trump Organization, stated during an interview that "the modern financial system has failed," operating slowly and at high costs. He praised the benefits of decentralized finance (DeFi) and called for banks to change their operating methods, or they will be eliminated.

Eric Trump stated during a CNBC interview in the United Arab Emirates:

"Anything that can be done on the blockchain, traditional financial institutions do not do better; SWIFT is terrible." (He refers to the international financial transaction messaging system)

Bloomberg Intelligence senior ETF analyst Eric Balchunas shared on social media on Wednesday the company's assessment of the approval probabilities for various cryptocurrency spot ETP applications. According to the chart, they believe that cryptocurrency index funds focusing on multi-coin configurations, Litecoin (LTC) ETFs, and Solana (SOL) ETFs are most likely to receive approval from the U.S. Securities and Exchange Commission (SEC) this year, with a probability of 90%.

Bloomberg analysts also estimate that the probability of a spot ETF tracking the price performance of Ripple (XRP) being approved this year is over 85%, while the probabilities for Dogecoin (DOGE) and Hedera (HBAR) spot ETFs are at 80%, and for Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) spot ETFs, the probability is 75%.

ALPACA's 'sinful' life continues, but the liquidation players need a break.

Written by: Deep Tide TechFlow

In recent days, the soon-to-be-delist 'Alpaca Coin' $ALPACA has been active at the center of the market stage, stirring up over $10 billion in total trading volume with a circulating market capitalization of $30 million.

On April 24, Binance announced that it would delist four tokens, including Alpaca Finance ($ALPACA), on May 2.

The news of 'delisting from Binance' is usually a huge negative for a project—delisting means reduced liquidity and shrinking trading volume, and token prices often drop sharply or even stagnate.

According to reports from CNBC, SoFi CEO Anthony Noto stated that after a "fundamental shift" in the regulatory environment under the Trump administration, SoFi will relaunch cryptocurrency investment services this year.

As one of the conditions for obtaining a banking license, SoFi was forced to halt cryptocurrency investment services by the end of 2023, during a period when the federal government was intensifying scrutiny of digital assets. Reports indicated that users could trade over 20 types of cryptocurrencies at that time, and later, users' crypto assets were transferred to Blockchain.com or liquidated for cash.

BlackRock, one of the largest asset management companies in the world, recently submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch its $150 billion 'Treasury Trust Fund' 'DLT Digital Shares'.

BlackRock actively embraces 'asset tokenization'

The so-called 'DLT Digital Shares' refer to digital shares that use Distributed Ledger Technology to track ownership. According to the N-1A form submitted this Monday, these DLT shares will only be issued and distributed by BNY Mellon. The minimum threshold for institutional investors to purchase DLT shares is $3 million, but there is no minimum requirement for subsequent additional investments.

U.S. Secretary of Commerce Howard Lutnick revealed on Tuesday that the Trump administration has completed its first trade agreement, but he stated that it is not yet finalized and refused to disclose the names of the countries involved. Lutnick made the comments during an interview with CNBC host Brian Sullivan.

"The agreement on my end is completed, completed, completed, completed, but I still need to wait for the other side's Prime Minister and Parliament approval. I expect this will come soon."

Lutnick's remarks caused the stock market to immediately rise to its daily high, indicating that Wall Street is closely monitoring signs of progress in trade negotiations.

Since the beginning of this year, the mainstream narrative regarding Bitcoin's price has frequently changed, sometimes viewing it as correlated with gold's trends and at other times with the Nasdaq index. However, analysts from the research and brokerage firm Bernstein believe that the short-term correlation can be misleading. In contrast, the exhaustion of retail selling pressure, the intensification of corporate accumulation races, and the fund inflow back into exchange-traded funds (ETFs) are better indicators. These phenomena together form a potential 'supply squeeze' that could drive Bitcoin to new highs.

Several companies join the ranks of Bitcoin accumulation

The decentralized aggregation trading protocol 1inch announced its formal integration into the Solana ecosystem, deploying its Fusion protocol, on-chain swapping functionality, and six developer APIs to the Solana network.

According to official sources, this integration allows tokens within the Solana ecosystem to conduct transactions with MEV protection.

1 million+ tokens. $7 billion liquidity. The best swap rates. Unleash @solana with 1inch. Now live for on-chain swaps. Start now https://t.co/wUGBanUDdz pic.twitter.com/xr2Qc3tQvh

— 1inch (@1inch) April 29, 2025

Abu Dhabi's sovereign wealth fund Abu Dhabi Development Holding Company (ADQ), the largest bank in the United Arab Emirates First Abu Dhabi Bank (FAB), and the large conglomerate International Holding Company (IHC) jointly announced on Monday a plan to launch a stablecoin pegged to the UAE's fiat currency Dirham (AED), pending approval from regulators.

According to a press release, the stablecoin will be issued by FAB, with the Dirham as the backing asset and regulated by the Central Bank of the UAE. ADQ stated that its goal is to change the convenience of payments and commerce locally and globally, positioning the UAE at the 'forefront of global blockchain innovation' while strengthening the country's digital infrastructure. The stablecoin will also support applications such as machine-to-machine and artificial intelligence.

Binance Wallet will collaborate with the decentralized exchange PancakeSwap to conduct the 12th exclusive token generation event (TGE) on the BNB Chain. The project is a liquidity staking and restaking protocol, MilkyWay (MILK). The token subscription time is from April 29, 16:00 to 18:00 Taiwan time.

Users participating in this exclusive TGE of Binance Wallet must meet the 'Binance Alpha Points' requirement, achieving at least 75 points to participate. For an explanation of Binance Alpha Points, please refer to Zombit's previous report.

Data source

Japanese popular actress Yua Mikami announced today on X that she will be launching the token MiKamiCoin (MiKami) on Solana.

Yua Mikami — the Queen of culture — now steps onto Solana. Get My official $Mikami now, Join my very special Mikami Community now! Beauty fades. Scarcity stays. Balance reigns. The future belongs to believers. Go to @Mikami_coin https://t.co/N6P798V1ze XOXO! Yua Mikami… https://t.co/4S3TOPH66L

— Yua Mikami (@yua_mikami) April 29, 2025

The official website of the token states in its introduction:

As a digital pioneer, Yua Mikami frequently appears at major cryptocurrency exchange events across Asia, actively exploring how blockchain technology can deepen connections between fans. With millions of loyal fans and a passionate investment in emerging technologies, her fan token project perfectly combines the power of entertainment and innovation, opening up a brand new way for fan communities to interact, allowing everyone to get closer to their goddess in unprecedented ways!

Mastercard announced on Monday a range of global end-to-end features for stablecoins, from card issuance and merchant settlement to on-chain remittances and innovative payment applications, planning to ensure that people and businesses can send and receive stablecoin payments anytime and anywhere through comprehensive integration solutions.

Wallet Empowerment, Issuance, and Payment Acceptance

Mastercard stated that it has partnered with companies in the crypto space, including MetaMask, Kraken, Gemini, Bybit, Crypto.com, Binance, Monavate, and Bleap, allowing consumers to use stablecoins from their crypto wallets for purchases, earn rewards, and withdraw stablecoins to bank accounts using Mastercard Move at over 150 million merchant locations globally that accept Mastercard.