Cryptocurrency Industry's Large-Scale Political Donations, SEC Lawsuits Withdrawn Consecutively... Favoritism Suspicions Raised
Cointelegraph, citing FEC reports, reported that key figures in the cryptocurrency industry raised over $239 million in donations for Donald Trump's inauguration fund after the 2024 US presidential election. Uniswap CEO Hayden Adams donated over $245,000 to the Trump Inaugural Committee, while Solana Labs contributed $1 million and Consensys $100,000. Other major cryptocurrency companies like Coinbase, Ripple, Kraken, Ontology Finance, and Robinhood also became sponsors. The media explained, "President Trump appointed Mark Uyeda as SEC Acting Chairman immediately after his official inauguration on January 20th, and subsequently, the SEC withdrew ongoing legal proceedings against Uniswap and Consensys, which were sponsors of Trump's inauguration fund. With large-scale political donations from cryptocurrency companies and consecutive SEC lawsuit withdrawals, suspicions are spreading in some cryptocurrency industry circles that these donations may have led to political benefits."
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]Swapped.com Acquires Kado, Expanding U.S. Business
Denmark-based cryptocurrency trading platform Swapped.com announced the acquisition of Web3 payment solution company Kado Software to expand its U.S. business. According to Blockworks, the transaction details were not disclosed. Kado stated, "While currently at a high level, we are discussing ways to lower user fees with Swapped.com. We will leverage the advantages of stablecoins to achieve this."
MetaPlanet Included in OTCQX Billion+ Index Fund
MetaPlanet, a Japanese listed company with Bitcoin as its primary asset, has been included in the OTCQX Billion+ Index Fund for large over-the-counter companies after its market capitalization exceeded $1 billion, as reported by CEO Simon Gerovitch. Previously, he had mentioned that MetaPlanet achieved approximately 119.3% returns this year through BTC purchases.
Binance Lists HYPER, Announces Hodler Airdrop
Binance announced through its official website that Hyperrain (HYPER) has been selected for its 15th Hodler Airdrop project. HYPER is scheduled to be listed on April 22 at 22:00 Korean time.
Binance Wallet to Conduct Hyperrain TGE Today
Binance Wallet announced via X that it will conduct the Hyperrain (HYPER) Token Generation Event from 18:00 Korean time for two hours. Participation is only eligible for those who purchased Alpha Token through Binance Wallet or Binance Exchange account between March 23 and April 21 Korean time.
40% of ETH New Investors Last Week
According to IntoTheBlock data, approximately 40% of Ethereum (ETH) network users last week were new investors, suggesting a significant influx of new ETH investors.
Bloomberg Analyst: "72 Crypto-Related ETFs Pending at U.S. SEC"
Bloomberg Senior ETF Analyst Eric Balchunas shared via X that 72 cryptocurrency-related ETFs (including XRP, LTC, SOL, DOGE, MELANIA, etc.) are currently pending at the U.S. Securities and Exchange Commission, stating "This will be a truly eventful year."
Bloomberg Analyst: "Alt and Meme ETF Impact Limited"
Eric Balchunas noted via X that Bitcoin ETFs account for 90% of global cryptocurrency fund assets. While numerous altcoin and meme coin ETFs are expected to be launched this year, their market impact will likely be limited. In contrast, Bitcoin ETFs are expected to maintain a 80-85% market share.
ZachXBT: "ZORA Token Serves No Purpose"
Blockchain security expert ZachXBT criticized ZORA token on X, questioning its existence if it serves no purpose. He added that the "value evaporation" in a project that raised over $60 million with a $600 million valuation is something the industry should be ashamed of. ZORA previously stated that the token is only for fun and does not provide governance or ownership rights.
Coinbase to List RSR
Coinbase announced it will list Reserve Rights (RSR). Trading will begin at 18:00 Korean time today if liquidity conditions are met.
Michael Saylor: "MSTR Records $459 Million Net Profit This Month"
MicroStrategy founder Michael Saylor announced via X that MSTR provided shareholders with a total net profit of $459 million this month through fund management. Previously, the company had additionally purchased 6,556 BTC (valued at $555.8 million) at an average price of $84,785 between the 14th and 20th of this month.
U.S. Stock Indices Close Lower
U.S. stock indices closed lower: S&P500: -2.36% Nasdaq: -2.55% Dow: -2.48%
Nasdaq Index Drops Over 3% Intraday
The Nasdaq index dropped as much as 3.66% during trading. Currently, the S&P 500 index is down 3.37%, and the Dow index is down 3.21%.
Analysis: "BTC Could Rise Further if $88,800 Breached"
According to CNBC, Katie Stockton from Fairlead Strategies forecast that Bitcoin could continue rising if it breaks through the key resistance zone of $88,200-$88,800, which currently sits above the 50-day moving average. She explained that this zone overlaps with the 200-day moving average and Fibonacci retracement levels. The weekly stochastic indicator is reversing upward from an oversold area, increasing short-term breakthrough potential. However, the monthly stochastic is in an overbought zone, suggesting the current uptrend is a counter-trend rally. She recommends taking profit strategies after potential resistance line breakthrough.
BTC Falls Below $87,000
According to Coinness market monitoring, BTC is trading below $87,000. On Binance USDT market, BTC is currently trading at $86,987.99.
