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Blockchain Report
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All the necessary news about blockchain and crypto market

YZi Labs (fka Binance Labs) just moved a bunch of tokens to Binance, per @EmberCN: 1M AXS (~$2.39M), 3M PERP (~$560k), & 1M CHESS (~$50k). These were investment vesting tokens.

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Web3 education platform BugsCoin raised $12M in Series A funding led by Becker Ventures, Castrum Istanbul & BullPerks. Funds will fuel global expansion, protocol upgrades & AI tool development. BugsCoin offers simulated trading education with BGSC token rewards. #web3 #education #crypto

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Arkham data shows address 0xb4...A4e5 (potentially linked to Mantra DAO) burned 18.4M OM tokens ($119M) to a dead address at 18:59 UTC+8. Total OM burned: 103.6M (11.66% of supply), valued at $668M. link

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DOJ memo relaxing crypto prosecution standards won't affect Do Kwon's case, per prosecutors (via The Block). Kwon faces fraud charges & a potential 130-yr sentence. Trial postponed to Feb 17, 2026; next pre-trial hearing June 12, 2025.

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Binance will list Ondo (ONDO), Big Time (BIGTIME), and Virtuals Protocol (VIRTUAL) on April 11, 2025, at 22:00 (UTC+8), according to Wu Blockchain. The exchange will open spot trading for the following pairs: ONDO/USDT, ONDO/USDC, BIGTIME/USDT, BIGTIME/USDC, VIRTUAL/USDT, and VIRTUAL/USDC.

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China will raise tariffs on some US goods to 125% on April 12, 2025, per Wu Shuo. Current 84% tariff "unlikely" to allow market acceptance. China says it won't retaliate if the US imposes further tariffs.

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Synthetix's sUSD depeg isn't from bad debt, but SIP-420. This removed SNX staker incentives to maintain the peg, leading to increased sUSD supply ($80M+) without demand. Synthetix is working on solutions (Aave, Ethena, Curve). sUSD is at $0.87.

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Backpack Exchange's Season 1 points program is a hit! 🚀 Record-breaking 24h futures volume of $950M & $113M in open interest. Total spot & futures volume for Season 1 hits $4.1B. 🔥 #crypto #trading

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Crypto project World Liberty Financial (WLFI), linked to the Trump family, denies reports it sold off its Ethereum (ETH) holdings. Reports claimed wallets linked to WLFI sold $8M in ETH. WLFI says: "Claims regarding WLFI selling its holdings are completely false. No assets have been sold."

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Japan's FSA proposes classifying crypto assets into "financing/business-type" and "non-financing/non-business-type" categories like Bitcoin. Seeking public comment on disclosure, staking, and market access by May 10 for clearer regulation. #crypto #Japan #regulation

#blockchain #news #BTC #Bitcoin

NY bill (No. 7788), sponsored by Assembly Member Clyde Vanel, proposes allowing state agencies to accept crypto like Bitcoin, Ethereum, & Litecoin for payments (taxes, fees, etc.). Aim: promote digital asset use in public services. #crypto #NewYork

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Ethereum devs talking Pectra & Fusaka upgrades! Client release ~April 21st. ✅ EIP-7823, EIP-7825, & EIP-7907 are in. 🤔 Debating EIP-7762 vs. EIP-7918 for blob fee economics. #Ethereum #Pectra #Fusaka

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NC's "Digital Asset Freedom Act" (HB920) could allow crypto for tax payments! Qualifying assets must have $750B+ market cap, $10B+ daily volume, 10+ years operation & censorship resistance. Decentralization & fair distribution required. #crypto #NorthCarolina

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According to data from PeckShield, FTX/Alameda addresses have unstaked 186,000 SOL, valued at approximately $21.56 million.

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Grayscale and Osprey settle their legal battle over Bitcoin Trust ETF marketing. The dispute, initiated by Osprey in early 2023, accused Grayscale of misleading advertising. Settlement details to be finalized within 45 days. (Decrypt)

#crypto #blockchain #news #BTC #Bitcoin

Trump says he wants a deal with China to end the trade war, per Reuters. Treasury Secretary Mnuchin (not Bessent) reportedly said trade policy will become more certain as agreements are reached with various countries. #trade #China #Trump

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Greeks.live: Market risk aversion high due to Trump's tariff policy shifts. Bitcoin's implied volatility (IV) stable around 50%, Ethereum's IV higher at 80%. Lack of new crypto capital & narratives creates subdued sentiment. Black swan events more likely in bearish markets.

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NY AG Letitia James urges Congress to increase crypto oversight, citing volatility and "no intrinsic value." She warns unregulated crypto could threaten the US dollar & financial markets, proposing regulation for stablecoin issuers. (via Cointelegraph)

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Gate.io is rebranding for its 12th anniversary! 🎉 The crypto exchange is changing its Chinese name to "大门" (Dà mén), meaning "Gate." They're also hosting a 1,000-person celebration and the SPORT3 DUBAI 2025 competition in Dubai from April 29-30. #crypto #gateio #anniversary

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Russian logistics firm ETE Group urges PM Mishustin to legalize crypto for international payments. They propose amending codes to standardize crypto issuance, circulation, & accounting. Cites 40% jump in crypto payment interest since 2024. #crypto #russia #payments

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