According to the monitoring data from Lookonchain, an hour ago, a newly established wallet withdrew 420 Bitcoins (BTC) from the cryptocurrency trading platform Binance. Based on the current market conditions, the value is approximately 39.2 million US dollars. This fund transfer movement has drawn market attention, and investors and industry observers are closely tracking the subsequent operations of this wallet.
Meanwhile, Ponzi Trader issued a security warning that the official X account of Hyperliquid has been compromised. Relevant personnel urgently remind: Do not click on any links posted by this account to prevent online fraud or asset loss.
Real-time cryptocurrency market updates
As of the time of publication, Coingecko data presents the latest trading prices and intraday fluctuations of major cryptocurrencies: The recent trading price of Bitcoin (BTC) was $94,621.75, with an intraday increase of 0.2%. Ethereum (ETH) traded at $1,802.96, with an intraday increase of 0.5%. Binance Coin (BNB) was quoted at $601.57, with an intraday increase of 0.1%. The trading price of Solana (SOL) was $148.65, with a significant intraday increase of 2.2%. DOGE traded at $0.1741, with an intraday increase of 0.1%. Ripple (XPR) recently traded at $2.20, with an intraday decline of 1.5%.
Policy promotion and industry innovation measures
The Solana Policy Institute, in collaboration with institutions such as Superstate Inc., Lowenstein Sandler LLP and Orca Creative, A brand-new framework named “Project Open” was submitted to the Crypto Task Force of the U.S. Securities and Exchange Commission (SEC) on Wednesday this week. This framework aims to conduct on-chain operations on equity securities such as stocks. Relevant institutions stated that this pilot project is an important manifestation of financial innovation in the United States, and is expected to enhance the transparency of the financial market, achieve immediate transaction settlement, and reduce operating costs. It is worth mentioning that Larry Fink, the CEO of BlackRock, previously pointed out that all kinds of assets have the potential for tokenization.
Paul Ardoino, the CEO of Tether, disclosed in an interview with CNBC on April 30 that Tether plans to launch a new stablecoin product in the United States this year. The specific launch time will depend on the progress of US lawmakers in stablecoin legislation. Ardoino emphasized that the USDT issued by Tether currently has a market value of nearly 150 billion US dollars, accounting for approximately 66% of the stablecoin market share, and can be called “the best product in the history of the United States”. Meanwhile, Tether is actively collaborating with law enforcement agencies to demonstrate the positive impact of USDT on the US economy.
Major transactions and layouts in the cryptocurrency field
Onchain Lens monitored that a cryptocurrency whale deposited $5 million of USDC into the HyperLiquid platform and opened a short position in HYPE with a leverage of 5 times. This large-scale operation has sparked discussions in the market about the price trend of HYPE.
Renowned cryptocurrency investor Anthony Pompliano has filed for a $200 million initial public offering (IPO) in the form of a special purpose Acquisition Company (SPAC), and his company, ProCap Acquisition Corp, will focus on high-growth companies in the fields of fintech and digital assets. Pompliano has a rich industry resume. He has served as the product director of Facebook and the former co-founder of Morgan Creek Digital. The management team of ProCap brings together professionals in fields such as mergers and acquisitions, venture capital, and digital asset compliance.
Japanese listed company Metaplanet has established a US subsidiary in Florida, investing 250 million US dollars, focusing on Bitcoin fund operation business and further expanding its layout in the cryptocurrency field.
Cryptocurrency trading platform Coinbase announced that it will add support for MANTLE on the Ethereum network (ERC-20 token). If liquidity conditions are met, trading will commence at 9:00 a.m. Pacific Time on or after May 1, 2025, and the Mantle-USD trading pair will also be launched in phases. However, in some supported jurisdictions, support for MANTLE may be limited. In addition, Coinbase has also added Worldcoin (WLD) to its listing roadmap.
A list of important economic developments
Eight digital banks (formerly virtual banks) in Hong Kong have released their full-year 2024 results. The data shows that none of the eight banks achieved profitability, with a combined loss of over 2.6 billion Hong Kong dollars for the year, narrowing by approximately 12% compared to the same period last year. Among them, Mox Bank topped the loss list with a loss of 710 million yuan, but narrowed by 4% year-on-year. ZA Bank’s losses narrowed by 42% to 230 million yuan. As of the end of 2024, its customer deposits reached 19.4 billion yuan, increasing by 66% year-on-year, and it remained the bank with the largest number of customer deposits. After achieving a monthly break-even point in December last year, WeLab Bank is expected to make a profit in the first quarter of this year.
In the international precious metals market, the spot price of gold dropped below $3,250 per ounce, falling by more than $40 from the day’s high, which has drawn market attention to the trend of gold.
According to an official announcement from the White House of the United States, on May 1st, President Trump called on Congress to pass the largest tax cut bill in the history of the United States. It is expected that after the bill is passed, the real GDP will grow by 3.3% to 3.8% in the short term and 2.6% to 3.2% in the long term. It will also increase the real wage by 3,300 US dollars annually. The income of middle-class families increases by $5,000 each year and 4.1 million new jobs are created.
In the field of international trade, sources disclosed that recently, the US has proactively engaged with China through various channels, expressing its willingness to negotiate on tariff issues. US President Trump and his economic and trade team have also repeatedly sent out signals that they are conducting economic and trade negotiations with China. International economic and trade negotiation experts have analyzed and pointed out that the frequent release of information by the US side highlights its eagerness to promote negotiations. Judging from the negotiation situation, the US side is more urgent at present. The Trump administration is currently facing multiple pressures such as economic and public opinion. Some people hold the view that before the United States takes substantive actions, China does not need to rush into negotiations. However, observing the true intentions of the US side and taking the initiative in the negotiations also have certain positive significance for China.
Related Topics:
