according to the official announcement, Binance is expected to suspend token deposits and withdrawals on the Sei (SEI) network on April 2, 2025 at 23:00 (UTC+8) to support its network upgrade. The project team will upgrade the network at block height 139,936,278 (expected on April 3, 2025 at 00:00 UTC+8).

according to Spot On Chain monitoring, a whale has just deposited 29,000 AAVE (4.75 million US dollars) into FalconX again. In the past 17 hours, a total of 59,001 AAVE (9.76 million US dollars) have been deposited, with an average price of 165.5 US dollars.

Nate Geraci, President of The ETF Store, stated on social media that Grayscale has submitted an S-3 form, planning to register its Grayscale Digital Large Cap Fund as an Exchange Traded Fund (ETF). It holds BTC, ETH, XRP, SOL, and ADA. The New York Stock Exchange has previously submitted a 19b-4 application to list and trade this ETF. Still, it is believed that index-based cryptocurrency ETFs will be approved by the end of the year (if not earlier).

On April 2nd, news came that Elon Musk's X platform is urging the U.S. Supreme Court to protect companies from being forced to disclose sensitive user financial data by federal law enforcement agencies without "reasonable suspicion". The X platform is requesting the judge to review the lower court's decision, which allows the IRS to enforce a subpoena for Coinbase customer transaction records in a tax investigation involving over 14,000 users of the cryptocurrency exchange.

Synthetix founder Kain stated in a post that the Ethereum mainnet is facing economic pressure due to the diversion of transaction activities to L2 scaling and the introduction of Blob in EIP-4844 to reduce data availability costs. Kain believes that the rise of L2 has diverted profits that originally belonged to the mainnet, and in the future, shifting towards solutions like Alt DA such as Celestia may further weaken the profitability of the Ethereum mainnet. To address this issue, he proposes that in the short term, L2 can contribute back to the mainnet through official L2 or rental mechanisms, while in the long term, it will be necessary to rely on new demands such as tokenization of real assets to increase the overall usage of L1/L2.

according to on-chain analyst Ali's monitoring, since February 25, the number of large transactions of Ethereum (ETH) has decreased by 63.8%, indicating that whale activity on the network may have decreased.

On April 2nd, according to Cointelegraph, the latest report from Google Threat Intelligence Group (GTIG) shows that IT technicians associated with North Korea are expanding their penetration targets beyond the United States to blockchain companies. As US regulatory scrutiny tightens, these tech spies have infiltrated cryptocurrency projects in the UK. The report points out that while the US remains a primary target, the increasingly strict employment checks have forced North Korean IT personnel to seek employment with non-US companies. These individuals are building a global operational network through identity forgery, with their penetration scope covering traditional network development as well as blockchain applications such as Solana and Anchor smart contracts.

The challenging start to the year for crypto assets resulted in a significant decline, with widespread liquidations in derivatives markets and weakening investor confidence. Ethereum's performance in Q1 was one of its worst since 2018, highlighting the market's struggles. While Bitcoin's losses were less severe, the overall sentiment in Q1 was bearish, with both major cryptocurrencies contributing to the downturn. The poor market performance led to many traders exiting, reducing liquidity as investors withdrew from high-risk assets, highlighting the challenges for the market in Q2. Despite the difficulties in Q1, there is growing optimism for a potential recovery in Q2, with expectations of important decisions by the U.S. SEC on spot crypto ETF applications and potential interest rate cuts by the Federal Reserve, which could attract more institutional investment and support the performance of risk-on assets like cryptocurrencies.

probability of "Circle's IPO in 2025" on Polymarket has reached 96%, with a total trading volume exceeding $680,000.

according to Token.Unlock data, TRUMP will unlock 40 million tokens on April 18, accounting for 20% of the circulation, worth approximately $4.132 billion.

Eric Trump, the second son of the US president, revealed in an interview on Fox Business Channel that three factors - "sovereignty, bank censorship, and resistance culture" - are driving his family to continue to increase their investment in the cryptocurrency industry. Eric Trump discussed the "weaponization" of banks against the Trump family on Tuesday, saying, "There is no reason for every bank to unilaterally cancel business with us just because my father was involved in politics. I never thought I would get involved in the cryptocurrency field until they viciously targeted us. It was only then that I realized the importance of cryptocurrency."

White House: Trump will deliver a speech in the Rose Garden at 4 pm on Wednesday.

 US Department of Justice is seeking the death penalty for the suspect Luigi Nicholas Mangione, who is accused of murdering UnitedHealth (UNH.N) CEO. After the news was released, the price of the related Meme coin of Luigi Nicholas Mangione fluctuated significantly in the short term.

OpenAI CEO Sam Altman posted on X platform, stating that the company is currently facing serious GPU computing power pressure, which may lead to delays in the release of new versions, occasional service interruptions, or slowdowns. He called on those with GPU resources at the 100,000 level to contact them as soon as possible, as the team is working hard to solve the problem.

Security experts have discovered that malicious actors took control of the address 0x4C….3583E, modified the ‘ProxyAdmin’ contract, and carried out the ‘withdrawByAdmin’ function. This led to the movement of around $70 million worth of 18.4 million UPC tokens from three different management wallets to the address 0xFf7….334, where the stolen funds currently reside. The attackers have not yet converted the stolen tokens into other cryptocurrencies. In response to the incident, UPCX developers confirmed the unauthorized activity and temporarily halted deposits and withdrawals, ensuring users that their assets were secure. The development team is actively investigating the situation and plans to provide an update soon. Following the hack, UPCX experienced a decrease in value, losing about 5% of its total worth. The altcoin, traded on major exchanges like Bitget, MEXC, and Gate.io, now has a market cap of $337 million.

Grayscale, an asset manager, has filed for the listing of an exchange-traded fund (ETF) that holds a diverse range of spot cryptocurrencies, as shown in US regulatory filings. The filing was submitted to the US Securities and Exchange Commission (SEC) on April 1, as part of the process to convert the non-listed fund into an ETF. The Grayscale Digital Large Cap Fund, established in 2018 but not yet traded on exchanges, includes a crypto index portfolio with Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), and Cardano (ADA). With over $600 million in assets under management (AUM) as of April 1, the fund is currently only accessible to accredited investors, according to information on Grayscale's website. This filing comes after NYSE Arca's request on Oct. 29 to list the Grayscale index fund, which holds a variety of digital assets.

Pacific Investment Management Company (PIMCO) expects the Federal Reserve to cut interest rates by another 50 basis points later this year. They believe the Federal Reserve is facing a challenging environment, with rising inflation and the risk of economic slowdown posing conflicting effects on the bank's goal of achieving "price stability and full employment."

During the first quarter of 2025, the stock of the exchange (COIN) plummeted by 30%, reflecting the broader struggles in the crypto market. According to Bloomberg, other prominent crypto-related stocks such as Galaxy Digital, Riot Blockchain, and Core Scientific have also experienced significant declines. The downturn in the broader cryptocurrency market has been attributed to various macroeconomic factors, including uncertainty surrounding the U.S. economy and concerns about trade wars. Despite the market challenges, some crypto firms like MicroStrategy have shown resilience, with CEO Michael Saylor leading the company to remain profitable due to its substantial Bitcoin holdings. Analysts are closely monitoring how macroeconomic factors will continue to impact the digital asset landscape.

White House press secretary Levitt: reciprocal tariffs will take effect immediately after announcement.

According to the Congressional Mountain News, Musk, as CEO of Tesla and SpaceX, is a special government employee, which means he can only work 130 days in the Department of Government Efficiency (DOGE). President Trump said he expects Musk to eventually return to running his own company after completing federal government reform work, but he will try to keep Musk. I think he is outstanding, but he also has a big company to manage. At some point, he will go back. He wants to go back. I will try to keep him. He is a very talented person.