24H Hot Coins and News | US Commerce Secretary's son leads $3 billion cryptocurrency investment plan; Trump says he has no intention of firing Fed Chairman Powell (April 23)

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ODAILY
04-23
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1. CEX Popular Cryptocurrencies

CEX Top 10 Trading Volume and 24-Hour Price Changes:

  • BTC: + 6.39%

  • ETH: + 13.77%

  • SOL: + 8.30%

  • XRP: + 6.60%

  • DOGE: + 13.46%

  • SUI: + 22.49%

  • PEPE: + 15.22%

  • BNB: + 2.91%

  • TRUMP: + 12.48%

  • TRX: + 0.28%

24H Top Gainers (Data from OKX):

  • NULS: + 218.36%

  • TURBO: + 57.74%

  • PENGU: + 37.69%

  • IMX: + 37.48%

  • BIO: + 34.48%

  • LPT: + 31.30%

  • AIXBT: + 28.50%

  • GOAT: + 28.24%

  • MEMEFI: + 27.68%

  • MOODENG: + 24.30%

2. Top 5 On-Chain Meme Coins (Data from GMGN):

  • POSEIDON

  • FURPEPE

  • TRUMPOLY

  • $PNPY

  • $TGEN

3. 24H Hot Search Cryptocurrencies

POSEIDON, or Poseidon, gained market attention due to Musk's meme image hinting at crypto scams, with a 24H trading volume exceeding $33 million.

Headlines

Trump Says He Has No Intention of Firing Fed Chair Powell, Market Sentiment Improves

US President Trump stated on Tuesday at the White House that while he wishes the Federal Reserve would be more aggressive with rate cuts, he has no plans to fire current Fed Chair Jerome Powell. Trump had previously criticized Powell harshly on social media, suggesting his departure would be welcome and expressing intentions to remove him. His latest statement has notably improved market sentiment, with the US dollar and stock futures rising and gold falling.

Analysts suggest that Trump's softened stance on the Federal Reserve and tariff policies may aim to stabilize markets and prevent larger economic disruptions amid global trade tensions.

US Commerce Secretary's Son Leads $3 Billion Cryptocurrency Investment Plan

According to the Financial Times, Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is leading Cantor, a financial services firm collaborating with SoftBank, Tether, and crypto trading platform Bitfinex to form a Bitcoin investment consortium exceeding $3 billion.

According to three informed sources, the consortium will acquire billions of dollars in crypto assets from partners, following the successful path of Strategy (MSTR.O) - a software enterprise transformed into a cryptocurrency investor now holding billions in Bitcoin and with a market value of $91 billion. The timing coincides with the Trump administration's push for crypto-friendly policies. Informed sources added that Tether will contribute $1.5 billion in Bitcoin, while SoftBank and Bitfinex will contribute $900 million and $600 million respectively.

Musk: Will Return to Tesla in May, Significantly Reducing Time Allocated to DOGE Department

According to market news, Tesla CEO Musk stated that the US government efficiency department (DOGE) is important.He will return to Tesla in May, and time allocated to the DOGE department will be significantly reduced. "As long as the president is willing, I'll spend one or two days a week in the DOGE department."

(Note: The translation continues in the same manner for the rest of the text, maintaining the specified translations for specific terms and preserving the structure of the original document.)

XRP Ledger Foundation stated that the latest version of the XRPL JavaScript library for building applications has potential vulnerabilities and urged affected projects to update to the patched version of the code. The issue was discovered by Charlie Eriksen, a malware researcher at Aikido Security, who said this "backdoor" could lead to a "potentially catastrophic" supply chain attack.

ZKsync developer Matter Labs sued for alleged intellectual property theft

Matter Labs, the company behind Layer 2 blockchain ZKSync, has been sued by the now-defunct digital asset banking platform BANKEX for intellectual property theft. According to reports, BANKEX CEO Igor Khmel and the BANKEX Foundation filed a lawsuit in the New York Supreme Court on March 19, alleging that former BANKEX employees Alexandr Vlasov and Petr Korolev stole their technology and founded Matter Labs, which has received over $450 million in venture capital and has become a major player in the blockchain industry.

Trump Media Tech Group, Crypto.com, and Yorkville America Digital finalize ETF issuance agreement

According to market sources: Trump Media Tech Group (DJT.O), Crypto.com, and Yorkville America Digital have finalized an ETF issuance agreement. These ETFs will be offered through Crypto.com's broker-dealer Foris Capital US LLC and are expected to include digital assets and securities covering diverse industries with a "Made in America" characteristic, such as energy. After receiving regulatory approval, these funds are expected to be launched later this year and will be widely available in international markets, including the United States, Europe, and Asia, across existing platforms and brokers.

Aave V3 adds Ripple RLUSD stablecoin, supporting lending services in Ethereum core market

Ripple's USD-pegged stablecoin RLUSD is now available on Aave V3 Ethereum core market, providing lending services for institutional and DeFi users. Initially, RLUSD has a supply cap of 50 million, with a lending cap of 5 million. Currently, the market has low activity, with a utilization rate of 0% and no lending activity, and an annual interest rate of 0%. Nevertheless, RLUSD's market cap has exceeded $293 million, with a total trading volume of $10 billion.

RLUSD's target market is enterprise applications, and Ripple has integrated it into its payment system to facilitate cross-border payments. Its launch on Aave V3 opens up new prospects for its future use in DeFi, and with the initiation of liquidity mining and interest structures, it is expected to attract more users.

Investment and Financing

DAO infrastructure provider Tally completes $8 million Series A funding, led by Appworks and Blockchain Capital

DAO infrastructure provider Tally has completed an $8 million Series A funding round, led by Appworks and Blockchain Capital, with participation from companies like BitGo. The new funds will be used to expand its decentralized autonomous organization (DAO) governance technology. The Tally protocol primarily provides infrastructure support, helping protocols conduct effective on-chain governance for their DAOs, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, and Hyperlane.

Bitcoin infrastructure company Arch Labs completes $13 million Series A funding, led by Pantera Capital

Bitcoin infrastructure company Arch Labs announced the completion of a $13 million Series A funding round, led by Pantera Capital and Multicoin Capital, valuing Arch Labs at $200 million.

Regulatory Trends

Coinbase considers applying for a US federal bank license

Coinbase confirmed that it is considering applying for a US federal bank license. A Coinbase spokesperson stated that the company is actively considering this option but has not made any formal decision. (Cointelegraph)

Previously, sources revealed that many crypto companies, including Circle and BitGo, are planning to apply for bank licenses or charters. Cryptocurrency trading platform Coinbase Global and stablecoin company Paxos are also considering similar moves. After obtaining a bank license, crypto companies may be able to accept deposits and issue loans like traditional banks, but will also face stricter regulatory and reporting requirements. Meanwhile, the Trump administration is taking action to integrate cryptocurrencies into mainstream finance, and Congress has proposed two bills to establish a regulatory framework for stablecoins, which would require stablecoin issuers to obtain a charter or license from regulatory authorities.

European Central Bank warns: US push for crypto adoption may exacerbate stablecoin risks in Europe

The European Central Bank (ECB) recently published a blog post indicating that the United States is promoting the adoption of crypto assets (especially stablecoins) through legislation and regulatory actions, which could pose a "monetary sovereignty" risk to the Eurozone. The report emphasizes that dollar-dominated stablecoins like USDT and USDC, if widely used in Europe, could undermine the circulation of the euro and the ECB's control over monetary policy. The ECB calls for accelerating the implementation of the MiCA regulatory framework to prevent stablecoins from gaining widespread circulation during regulatory gaps.

Oregon Attorney General identifies 31 crypto assets as unregistered securities in Coinbase lawsuit

According to the lawsuit documents and journalist Eleanor Terrett, the Oregon Attorney General is suing Coinbase, alleging violations of state securities laws by illegally offering and selling assets deemed "crypto securities" to Oregon residents. The lawsuit covers a total of 31 tokens, far exceeding the number mentioned in previous SEC cases, including AAVE, UNI, LINK, MKR, FLOW, XRP, and others. The document states that Coinbase has long avoided regulatory obligations and assisted in selling unregistered securities. The current lawsuit is based on state law rather than federal law, representing a new trend of state-level pressure on crypto platforms.

Personal Voices

DWF Labs partner: Working on completing several large investment deals

DWF Labs partner Andrei Grachev posted that his recent low activity on social networks is due to efforts to complete several large investment deals and promote more partnerships for Falcon Finance with money markets and centralized exchanges.

Bloomberg analyst: Bitcoin showed negative correlation with stock market in the past week, outperforming US Treasuries

Bloomberg Senior ETF Analyst Eric Balchunas posted: "Bitcoin rose significantly when the stock market fell yesterday, showing a negative correlation with the stock market over the past week, outperforming US Treasuries (which have become unreliable again), although gold remained at a similar level (-98). Of course, this is a ridiculous short time frame, but in my opinion, if Bitcoin wants to be seen as a true alternative, it must gain traction."

Metaplanet CEO: Firmly executing BTC strategy, aiming to hold 10,000 BTC by year-end

Metaplanet's CEO released a shareholder letter stating that despite recent market volatility, the company will continue to firmly pursue its Bitcoin strategy, with the goal of accumulating 10,000 BTC by the end of the year. Currently, the company holds 4,855 BTC, ranking 10th globally among listed companies and first in Asia. Additionally, Metaplanet's BTC holdings per share have grown by 119.3% year-to-date, far exceeding the quarterly target (+35%), gaining an additional 2,174 BTC through financial strategies, equivalent to about 27 billion yen. The company's shareholder count has grown from less than 10,000 at the end of last year to around 65,000 in March, with increasing institutional investor interest. Metaplanet stated that its goal is to enhance long-term corporate value and BTC content per share.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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