decentralized stablecoin protocol Usual is partnering with blockchain security company Sherlock to launch a bug bounty program, offering a reward of $16 million to find critical vulnerabilities in the codebase. This bounty surpasses the ones previously set by Uniswap ($15.5 million), LayerZero Labs ($15 million), and Wormhole ($10 million).

 institutions expect the US March "small non-agricultural" number to be released tonight at 20:15

On April 2nd, it was reported that Circle submitted an IPO S-1 document to the U.S. Securities and Exchange Commission (SEC), indicating that in November 2024, Binance became the first approved participant in the stablecoin ecosystem protocol. According to the partnership agreement, Binance is required to promote USDC on its platform and hold a certain amount of USDC in its treasury reserves. Circle paid Binance a one-time prepayment fee of $60.25 million and agreed to pay monthly incentive fees based on the balance of USDC held by Binance. The incentive fee is only paid when Binance holds at least 1.5 billion USDC, with Binance committing to hold 3 billion USDC (with exceptions in specific circumstances). The partnership is divided into two parts: market promotion and treasury reserves, both lasting for two years. If Binance terminates the market promotion agreement early, it is still obligated to fulfill one year of reduced fee payments and promotional obligations. The agreement can be terminated early under specific circumstances by either party.

market shows AR falling below $6, now trading at $5.99, with a 24-hour decline of 7.99%. The market is volatile, please manage your risks.

On April 2nd, Layer1 blockchain Sharduem officially announced that its global first EVM-based automatically scalable blockchain mainnet will be officially launched on April 15, 2025.

the latest "World Billionaires List" released by Forbes, 16 giants in the cryptocurrency field successfully made the list, including Binance founder Zhao Changpeng with a net worth of $63 billion, Tether co-founder Giancarlo Devasini with a net worth of $22.4 billion. Coinbase founder Brian Armstrong and MicroStrategy's Michael Saylor made the list with fortunes of $9.5 billion and $7.4 billion respectively.

last year, he made a big purchase of EIGEN's whale (or institution), losing more than $22.42 million in May.

Shibariumscan data shows that the on-chain transaction volume of Shibarium has exceeded 1 billion, currently reaching about 1.05 billion. In addition, other indicators of Shibarium are also showing a growth trend, with the total number of blocks exceeding 10 million, the latest data being 10,251,908, and the total number of on-chain addresses approaching 200 million.

On April 2nd, official news, OKX has now launched a 1-day term shark fin financial product, supporting bullish BTC, bearish BTC, bullish ETH, and bearish ETH, with a 1-day cycle. It can be subscribed daily, and the floating annualized return is calculated based on the daily settlement price. The investment currency is USDT, supporting daily settlement and automatic reinvestment, making fund utilization more flexible.

On April 2nd, Megibit announced a comprehensive upgrade to MGBX in order to provide more efficient and professional digital asset trading services, and introduced the following innovative measures:

according to ElonAlertsX monitoring information, Elon Musk has just followed F2Pool co-founder Wang Chun's account on X (formerly Twitter).

on-chain analyst Ali stated in a post on X that whales sold 760,000 ETH in the past two weeks.

according to the official announcement, Binance VIP lending has added new borrowable assets: Bubblemaps (BMT), Particle Network (PARTI), Solv Protocol (SOLV),

according to DeFiLlama data, the 24-hour trading volume of Ethereum's on-chain DEX was $1.643 billion, ranking first among all chains. Solana and BNB Chain followed closely behind, with $1.37 billion and $978 million respectively.

according to Lookonchain monitoring, an Ethereum OG sold all remaining 2,001 ETH (3.82 million USD) 6 hours ago. This OG bought 5,001 ETH in 2017 at a price of 277 USD (costing 1.38 million USD), and did not sell even when ETH reached 4,878 USD in the last bull market.

Republican candidates Jimmy Patronis and Randy Fine won in a special congressional election in Florida on Tuesday night, maintaining the GOP's slim majority in the House with strong support from the cryptocurrency industry's Super Political Action Committee (PAC). Fine defeated Democrat Josh Weil in Florida's sixth district with 56.7% of the vote, while Patronis won in Florida's first district with 57% of the vote against Gay Valimont. Both campaigns received strong support from "Defend American Jobs," a cryptocurrency-focused PAC affiliated with the broader Fairshake political funding network. The media stated that these victories once again represent a win for the interests of the cryptocurrency industry.

On April 2nd, according to Dune data, the circulating supply of Coinbase Wrapped BTC (cbBTC) launched by Coinbase reached 33,038 coins, with an increase of over 4,500 coins in the past month. The current market value of cbBTC is approximately $2.815 billion, ranking second in the wrapped Bitcoin market share with a market share of 18.8%, second only to wBTC.

On April 2nd, it was reported that a man in his 40s from South Korea is facing a fine of 1.5 million Korean won (approximately $1023) for breaking into the home of the CEO of the bankrupt cryptocurrency lending platform Delio and assaulting him. The Seoul court has not yet made a ruling on the case, but the prosecution has proposed the fine. It is reported that the man involved is the largest creditor of Delio, and he had 97 bitcoins and 190 ethereums stored on the platform.

Tuesday, Sony Electronics Singapore stated in a declaration that it has enabled USDC payments through the payment service of the cryptocurrency exchange Crypto.com, marking the company's first direct cryptocurrency transaction locally. This feature allows customers to settle payments using the stablecoin USDC pegged to the US dollar. Currently, this feature is only available on the Sony online store and can only be used through Crypto.com's payment system. Although currently only one cryptocurrency is supported, Sony stated that they plan to add support for other cryptocurrencies in the future.

Ye Zhang, co-founder of Scroll, pointed out in a post on X platform that taxing Ethereum Layer2 is a major cancer for the future development of Ethereum. This short-sighted behavior sacrifices long-term scalability and ecosystem growth in exchange for short-term income, which is the practice of centralized enterprises and not the choice of neutral platforms. If the value of ETH is measured only by Ethereum income, it is putting the cart before the horse. The true value of ETH lies in its becoming the core of thousands of rollup ecosystems, which is the way forward.