South Korean Crypto Investor Faces Fine for Breaking Into Delio CEO's Home and Assaulting Him
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.
2025-04-02 14:02:42
Sony Singapore Now Allows Shoppers to Pay with USDC via Crypto.com
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.
2025-04-02 14:02:38
Scroll Co-founder: Taxing Layer2 is a major cancer for the future development of Ethereum
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.
2025-04-02 14:02:36
Several British industry associations call on the government to list cryptocurrency as a "strategic priority"
according to Cointelegraph, several UK industry associations have sent a joint letter to Prime Minister Keir Starmer's office, calling for the appointment of a dedicated cryptocurrency envoy and the development of a special action plan for digital assets and blockchain technology.
2025-04-02 13:03:18
Yesterday, the U.S. spot Ethereum ETF had a net outflow of $3.6 million
according to Farside Investors monitoring, the net outflow of $3.6 million from the US spot Ethereum ETF yesterday.
2025-04-02 13:03:17
The ETH whale that built a position in 2017 is suspected to have sold 2,000 ETH 4 hours ago. If sold, it will make a profit of $3.273 million
according to ai_9684xtpa monitoring, the suspected whale who hoarded ETH during the previous bull market appears to have sold 2000 ETH 4 hours ago at a cost as low as $272. If sold, they would make a profit of $3.273 million. After this sale, the whale has completely cleared their position.
2025-04-02 13:03:15
A PENDLE whale/institution withdrew another 913,000 PENDLE from Binance, worth $2.7 million
monitored by the on-chain analyst Yu Jin, half an hour ago, the whales/institutions that hoard PENDLE withdrew 913,000 PENDLE (2.7 million USD) from Binance. Currently, they have hoarded a total of 2.452 million PENDLE (7.03 million USD) through 3 addresses in the past five days, with an average price of 2.86 USD.
2025-04-02 12:03:52
Arthur Hayes Family Office Ends Advisory Relationship with Drift Protocol
BitMEX co-founder Arthur Hayes' family office Maelstrom stated that they have terminated their advisory relationship with Drift Protocol. Any mentioned articles and tweets are outdated and they no longer hold its tokens.
2025-04-02 12:03:50
US Senator Introduces FLARE Act to Support Bitcoin Mining Industry Development
On April 2nd, Senator Ted Cruz of the United States announced the introduction of the "Facilitating Low Emissions Energy Utilization (FLARE) Act," a federal proposal aimed at converting wasted energy into effective use through targeted tax reforms. The federal bill seeks to: amend the 1986 Internal Revenue Code to provide for the full expensing of property used to capture natural gas that would otherwise be flared or emitted, and used for value-added products. Cruz described this measure as a strategic step to leverage the state's abundant energy supply and strengthen its leadership position in the digital asset space. The senator stated: "I am committed to making Texas the premier destination for Bitcoin mining. The 'FLARE Act' incentivizes entrepreneurs and cryptocurrency miners to utilize stranded natural gas."
2025-04-02 12:03:48
Metaplanet announced that it has increased its holdings by 160 bitcoins, bringing its total holdings to 4,206 bitcoins
according to the Japanese listed company Metaplanet, the company has added 160 bitcoins, with an average purchase price of 12,489,609 yen per coin. After this purchase, Metaplanet's total bitcoin holdings reached 4206 coins.
2025-04-02 12:03:47
370 million XRP are locked in Ripple escrow addresses, equivalent to about $778 million
according to on-chain data tracking service Whale Alert, around 11:33 AM Beijing time, 370,000,000 XRP (778,259,699 USD) was locked in a Ripple custody address.
2025-04-02 12:03:45
Amber Group deposited 1.26 million KAITIO to Binance six hours ago, worth $1.3 million
according to on-chain analyst @ai_9684xtpa monitoring, six hours ago, market maker Amber Group recharged 1.26 million KAITIO to Binance, worth 1.3 million US dollars; from four o'clock in the morning to now, the price of KAITO has dropped by 9.4% (1.0402 US dollars - 0.9421 US dollars).
2025-04-02 12:03:44
On the eve of the tariff announcement, the US stock market and the crypto market rebounded, and the market waited for the policy to be clear.
On April 2nd, news came that as Trump's "equal tariffs" approach loomed, the market's sentiment went through repeated tests, ultimately betting that clear trade policies would help stabilize the market. The three major U.S. stock indexes experienced intense volatility during the session, with mixed closing results: the Dow fell slightly by 0.03%, the S&P 500 rose by 0.38%, and the Nasdaq increased by 0.87%. Large-cap tech stocks strengthened across the board, with Tesla's stock price rising by over 3%.
2025-04-02 12:03:42
Binance will support Sei (SEI) network upgrade
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).
2025-04-02 12:03:41
A whale transferred another 29,000 AAVE to FalconX, equivalent to about $4.75 million
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.
2025-04-02 11:03:36
The ETF Store President: Index-based cryptocurrency ETFs are expected to be approved by the end of the year
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).
2025-04-02 11:03:34
Elon Musk's X platform urges Supreme Court to protect Coinbase users from IRS investigation
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.
2025-04-02 11:03:33
Synthetix founder: L2 and Alt DA weaken the profitability of Ethereum mainnet
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.
2025-04-02 11:03:31
Data: The number of large Ethereum transactions has dropped 63.8% since February 25
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.
2025-04-02 11:03:30
Google report: North Korean IT technicians have infiltrated UK cryptocurrency project
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.
2025-04-02 11:03:28