News Preview:
- Trump's 11% to 50% higher reciprocal tariff rate will take effect on April 9;
- Saga (SAGA) will unlock approximately 133 million tokens at 4 PM Beijing time on April 9, representing 118.54% of the current circulating supply, valued at around $35.1 million;
- The US House of Representatives will hold a hearing on April 9 to promote digital asset regulatory legislation;
- The registration date for the next FTX distribution is April 11;
- The US SEC will hold its second roundtable on crypto regulation on April 11;
- Aptos (APT) will unlock approximately 11.31 million tokens at 4 PM Beijing time on April 12, representing 1.87% of the current circulating supply, valued at around $53.7 million;
- Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8 AM Beijing time on April 13, valued at around $161 million
April 7
Project Dynamics:
BNB Chain's AI Agent Competition Will End on April 7
BNB Chain launched an AI Agent competition aimed at encouraging innovation and exploring potential decentralized AI applications. The competition aligns with BNB Chain's AI First development direction. The competition spans 8 rounds, ending on April 7, 2025. In each round, the best-performing AI agents will be selected based on specific criteria, including market cap ranking, market cap growth, community member influence, and community engagement. The BNB Chain Foundation will purchase tokens of the winning AI projects worth $10,000 in BNB for each round and distribute them via airdrop to 1,000 token holders.
Token Unlocks:
Neon (NEON) will unlock approximately 53.91 million tokens at 8 AM Beijing time on April 7, representing 22.51% of the current circulating supply, valued at around $6.1 million
April 8
Exchanges:
OKX Will Delist MAX/USDT, KISHU/USDT, 1INCH/USD, and GRT/USD Perpetual Contracts on April 8
OKX announced that it will periodically delist certain perpetual contracts. The following trading pairs will stop trading at 16:00 (Beijing time) on April 8, 2025: MAXUSDT, KISHUUSDT, 1INCHUSD, and GRTUSD.
Bybit Will Officially Close NFT, Inscription, and ID0 Services on April 8
According to a Bybit announcement, to optimize its product structure, Bybit Web3 will officially close its NFT marketplace, inscription market, and ID0 page at 24:00 Beijing time on April 8. Users need to manage their related assets before then and transfer airdropped tokens from the Web3 cloud wallet to a seed phrase or private key wallet.
Token Unlocks:
Tensor (TNSR) will unlock approximately 120 million tokens at 11 PM Beijing time on April 8, representing 35.86% of the current circulating supply, valued at around $15.1 million
(The translation continues in the same manner for the rest of the text)According to the Customs Law of the People's Republic of China, the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China, and other laws, regulations, and basic principles of international law, approved by the State Council, the Tariff Commission of the State Council announces that, starting from 12:01 on April 10, 2025, a 34% tariff will be imposed on all imported goods originating from the United States. For goods that have been shipped before 12:01 on April 10, 2025, and imported between 12:01 on April 10, 2025, and 24:00 on May 13, 2025, this additional tariff will not be imposed. China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful, and reciprocal manner.
Exchanges:
Coinbase International Station to Launch NIL, VINE, GUNZ, and EDGE Perpetual Contracts on April 10
According to the Coinbase International Exchange announcement, it will launch perpetual contract trading for NIL, VINE, GUNZ, and Definitive projects on its International Station and Advanced platform starting from 9:30 UTC on April 10, 2025, with contract codes NIL-PERP, VINE-PERP, GUN-PERP, and EDGE-PERP.
Project Dynamics:
UXLINK Announces Season 3 Airdrop Plan with Snapshot on April 10
Web3 social platform and infrastructure UXLINK announced the launch of its Season 3 airdrop plan on March 11, 2025, and introduced an exclusive Non-Fungible Token project for Japanese and Korean users. The airdrop snapshot will be on April 10, with the claiming period starting from April 18. The total airdrop is expected not to exceed 3.077% of the total supply, lower than the 10% in S1 and S2. Airdrop recipients include community users using the OAOG protocol, testnet and AI growth agent developers and partners, S3 staking activity participants, and other active users.
Simultaneously, UXLINK plans to pilot "Social Club Cards" in Non-Fungible Token form in Japan and Korea, priced in ETH. Cardholders can enjoy benefits including airdrop priority, free payment cards, ecosystem airdrop participation, and priority access to offline events. The official stated that this plan may be extended to other regions in the future.
Do Kwon Hearing Postponed to April 10 Due to Need for More Time to Review 4TB of New Evidence
Due to the U.S. government's claim that Terraform Labs founder Do Kwon's defense team needs more time to review an additional 4TB of evidence, the resolution of his court case has been delayed by a month. The status conference originally scheduled for March 10 (where lawyers discuss the current progress of the case and potential solutions) has been postponed. According to a written request submitted by the U.S. government, the New York District Court yesterday postponed the meeting to April 10. The court agreed to the U.S. request and stated that the meeting would be delayed "to allow the defense to review the large amount of evidence."
The U.S. government claims to have submitted 600GB of evidence to the defense on February 27, including Do Kwon's phone data, emails, and cryptocurrency transaction records. Additionally, the government stated that it "expects to provide the defense with an additional 4TB of evidence before the end of next week." The court order postponing the meeting indicates that the final trial "is still scheduled for January 26, 2026".
U.S. Judge Postpones Sentencing Date for Mango Markets Attacker to April 10
Avraham "Avi" Eisenberg, convicted of fraud and market manipulation for exploiting a vulnerability in the decentralized exchange Mango Markets, will be sentenced on April 10. In a document submitted to the U.S. Southern District of New York (SDNY) on January 8, Judge Arun Subramanian, at the request of Eisenberg's lawyer, postponed his sentencing hearing to April 10. Originally scheduled for December 12, it was subsequently postponed to February 11 after his conviction in April 2024. Eisenberg's legal team requested the postponement on January 7, citing "the complexity of the case's factual record and some sentencing issues." The U.S. Attorney's Office did not object to this change.
In October 2022, Eisenberg attacked Mango Markets through a vulnerability, stealing over $100 million. Although he returned about $67 million, he retained over $40 million after a community governance vote. He was arrested by U.S. authorities in December of the same year and has been detained for nearly two years. If sentenced to the maximum term, he could face 20 years in prison. Additionally, Eisenberg may face civil enforcement actions from the SEC and CFTC. These two cases were paused in March 2023, potentially to be restarted after the criminal case concludes.
April 11
Macroeconomics:
8:30 PM: U.S. March PPI Data
Policy Regulation:
U.S. SEC to Hold Second Roundtable on Crypto Regulation on April 11
The U.S. Securities and Exchange Commission (SEC) will host its second roundtable on crypto regulation from 1 PM to 5 PM Eastern Time on April 11, with the theme "Tailoring Regulation for Cryptocurrency Trading Volume".
Exchanges:
FTX Registration Date for Next Distribution Set for April 11
According to FTX creditor Sunil, the registration date for FTX's next distribution is set for April 11, 2025, with distribution beginning on May 30, 2025. This distribution will cover claims over $50,000 and approved claims under $50,000 that were not received in the first distribution.
April 12
Developer Activities:
YZi Labs to Collaborate with AGI House and DoraHacks for Hackathon on April 12 and 13
YZi Labs announced the launch of a global hackathon in April 2025, including an offline event at AGI House in Silicon Valley on April 12 (with CZ invited to speak online) and an online hackathon with DoraHacks from April 13 to 27. Additionally, a BUIDLer Breakfast exchange event will be held at Stanford University on April 13. Participants will build innovative financial products around AI+blockchain, including AI investment assistants, on-chain data analysis and anti-fraud, financial document processing, and compliance technology. Winners will have the opportunity to join the YZi Labs incubation program and receive direct investment opportunities.
Token Unlocks:
Aptos (APT) will unlock approximately 11.31 million tokens at 4 PM Beijing time on April 12, representing 1.87% of the current circulating supply, valued at around $53.7 million
Axie Infinity (AXS) will unlock approximately 9.09 million tokens at 9:10 PM Beijing time on April 12, representing 5.68% of the current circulating supply, valued at around $24.5 million
April 13
Project Dynamics:
Cross-chain interoperability protocol Hyperlane will conduct a token $HYPER airdrop on April 22, with 57% of the total supply allocated to community users, and 25%, 10.9%, and 7.1% allocated to the team, investors, and foundation respectively. The community airdrop portion will be fully unlocked, while team and investor tokens will be locked for 12 months. Users need to check their eligibility through the official portal before April 13.
Token Unlocks:
Cheelee (CHEEL) will unlock approximately 20.81 million tokens at 8 AM Beijing time on April 13, valued at around $161 million
