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The Avalanche Foundation stated on platform X that it supports DeFi United. This is a coordinated action aimed at restoring rsETH collateral support. DeFi is undergoing public stress testing, with transparent accounting and real accountability, while traditional financial systems often take months or years to complete such repairs.The Avalanche Foundation expressed support for Aave and the broader DeFi ecosystem.

UPBIT will open trading for Perle (PRL) on April 27, 2025, at 17:30, supporting KRW, BTC, and USDT markets. Users can deposit within 1 hour and 30 minutes after the announcement is released. Please pay attention to subsequent announcements for specific trading times.

UPBIT will launch trading for Onyxcoin (XCN) on April 27, 2025, at 16:00, supporting KRW and USDT markets. Users can make deposits 1 hour and 30 minutes after the announcement is released, and trading support will open at the specified time.

Blockchain Capital partner Spencer Bogart posted on X platform that the total transaction volume of Kalshi and Polymarket is nearly equal, both around $12 billion (the former at $12.29 billion and the latter at $12.22 billion). Excluding sports-related transactions, Polymarket's non-sports category transaction volume is $7.5 billion, while Kalshi is only $1.6 billion.Despite the positioning differences between the two in the prediction market, it is strange that they are still classified in the same category.

Bitcoin developer Paul Sztorc announced the official launch of the Bitcoin hard fork network eCash, allowing BTC holders to exchange BTC for eCash at a 1:1 ratio after the hard fork goes live.It is reported that the Layer1 node software of this network will be an "almost replica" of the Bitcoin Core client, continuing to use the SHA-256 hashing algorithm and lowering the initial mining difficulty to attract more miners to participate. Meanwhile, eCash will also be equipped with seven Layer2 scaling networks called "drivechains" to enhance transaction throughput and support optional on-chain privacy features. Paul Sztorc stated that eCash is different from Bitcoin Cash in 2017, no longer using the "Bitcoin" name, and claims it is a long-term solution to Bitcoin's scalability and privacy issues. However, the proposal to manually reallocate a portion of Satoshi Nakamoto's approximately 1.1 million BTC to early investors has sparked strong controversy in the community, with some Bitcoin supporters criticizing the move as "theft" and a violation of Bitcoin principles.

Bitget announced a strategic partnership with the crypto data intelligence platform Market Prophit to jointly launch an AI-driven social trading tool. This feature is based on Market Prophit's AI engine, which performs real-time scans of vast data on platform X and combines it with the historical market prediction performance of relevant accounts to provide a comprehensive score, helping users more efficiently identify high-quality trading signals and execute strategies directly on the platform.The tool supports a two-way trading mechanism, allowing users to automatically follow high-quality social trading accounts or to take reverse positions on accounts with significant long-term prediction deviations. By transforming unstructured social media sentiment into systematic, executable trading strategies, it further enhances the complete decision-making chain from information capture and signal filtering to one-click trading.Igor Gonta, CEO of Market Prophit, stated that price fluctuations in the crypto market are often highly correlated with social media sentiment. This collaboration aims to convert complex and dispersed market sentiment into quantifiable, tradable standardized indicators, providing users with more systematic trading references to help them capture a wider range of strategic opportunities in a volatile market.

According to Iranian media Fars News: Reports about Iran collecting tolls for the Strait of Hormuz in cryptocurrency are inaccurate.

According to official news, the Gate WCTC S8 Global Trading Competition officially started on April 23 at 16:00:00 (UTC+8) and will last until May 20 at 15:59:59 (UTC+8). The pre-heating phase had already attracted over 5,500 teams, and with the official launch of the competition, global traders have fully entered the practical phase to compete for annual trading honors.It is reported that the total prize pool for this event reaches 8,000,000 USDT, covering various trading categories including spot, ETF, flash exchange, contracts, and TradFi, and has set up three core competition tracks: team competition, individual competition, and 1v1 king PK. Among them, the first half of the team competition has already started, focusing on a dual-dimensional competition based on trading volume and profit, unlocking a prize pool of 1,800,000 USDT; the individual competition and PK competition are also ongoing, sharing rewards of 2,000,000 USDT and 1,600,000 USDT respectively, with an overall upgrade in the competition system that balances competitiveness and participation.In addition, during the competition period, blind box treasure chests, live draw events, and multiple bonus activities will be launched simultaneously, continuously releasing incentive benefits. As the competition enters the official competitive phase, the trading feast aiming for a prize pool of tens of millions has fully kicked off.It is reported that Gate Live will start the official live broadcast on April 22 at 20:00 (UTC+8), hosted by the official host Jesse, along with guest Eden and several KOLs, focusing on the team mechanism, gameplay rules, and competition strategies of this WCTC, while discussing the current market situation. This live broadcast will also include an interactive lottery segment, with prizes including an iPhone 17 Pro and $1000 contract position experience vouchers. Users can participate in the interaction in the live broadcast room and have the opportunity to join a team or participate in the competition through the host's channel.

X product lead and Solana advisor Nikita Bier posted to announce two product changes for organizing communities on X, including:XChat now supports a joinable link feature for group chats. Users can create a public link to share directly on their timeline. Each group chat supports 350 members (and is still increasing).Due to declining usage, the X platform will officially deprecate X Communities on May 6.

GMGN co-founder Haze posted on the X platform stating that multiple feature updates have been completed on the web version, including support for ETH limit orders and advanced strategies, support for multi-wallet profit and loss (PNL) statistics, support for multi-wallet trading and continuous click trading, and the first round of speed optimization has been completed, with ongoing improvements to follow.

Kevin Warsh stated at the Senate hearing that digital assets "have become a part of the U.S. financial system" and supports their inclusion in the financial system to provide more opportunities and protections for investors.This statement is seen as a signal of a relatively open policy towards the cryptocurrency industry should he become the chairman of the Federal Reserve. Warsh has previously referred to Bitcoin as "an important asset that aids in policy-making." However, Elizabeth Warren expressed concerns during the hearing, mentioning risks such as "shadow accounts" in the crypto space, emphasizing the need for enhanced regulation and prevention of abuse.

According to Jin Shi reports, Federal Reserve Chair nominee Waller stated that he is working with the Treasury Secretary to advance the Federal Reserve's balance sheet reduction efforts.

According to DL News, the major Russian cryptocurrency exchange Grinex has ceased operations due to a suspected major cyber attack, reportedly resulting in losses exceeding 1 billion rubles (approximately 13 million USD). The platform claimed on Telegram that the attack showed "signs of involvement from foreign intelligence agencies."Grinex is the successor to the previously sanctioned and closed Garantex exchange, providing a financial channel for the Russian economy to evade sanctions. Experts point out that Grinex's closure is not only due to the hacker attack itself but, more importantly, it removes the trading platform that Russian businesses relied on to convert rubles into usable international currencies, causing "serious damage" to the infrastructure that allows Russia to evade sanctions, making it more difficult for the Russian economy to escape the pressure of sanctions.The exchange was sanctioned by Western authorities such as the U.S., U.K., and the European Union in August 2025. Meanwhile, the Russian economy continues to weaken, with Putin revealing that GDP fell by 1.8% in January-February this year, and maritime oil exports may drop to their lowest level since 2023.

LayerZero Labs released an incident report stating that KelpDAO suffered an attack resulting in a loss of approximately $290 million. Preliminary assessments indicate that the attacker is the Lazarus Group, which has ties to North Korea (more specifically, TraderTraitor). The attack was executed by poisoning the downstream RPC infrastructure relied upon by its decentralized verification network (DVN). The attacker controlled some RPC nodes and, in conjunction with a DDoS attack, induced the system to switch to malicious nodes, thereby forging cross-chain transactions.All affected RPC nodes have been taken offline and replaced, and the DVN has now resumed operation. LayerZero emphasized that this incident was limited to the rsETH application configuration of KelpDAO and did not affect other assets or applications. The reason is that KelpDAO was using a single DVN (1/1) architecture at the time and did not utilize the multi-DVN redundancy mechanism that is officially recommended for long-term use, resulting in a lack of independent verification nodes to identify forged messages.LayerZero pointed out that there were no vulnerabilities in its protocol itself, and applications with multi-DVN configurations were not affected, meaning there is no contagious risk in the system. LayerZero stated that it will urge all projects using single DVN configurations to migrate to multi-DVN architectures as soon as possible and has suspended providing signature and verification services for 1/1 configuration applications. Meanwhile, the company is cooperating with global law enforcement agencies to investigate and assist industry partners in tracking the stolen funds. LayerZero noted that this incident highlights the value of modular security architecture and also reminds the industry to pay attention to the potential security risks of RPC verification links.

According to CryptoQuant analyst @AxelAdlerJr, last night, under the influence of news from the US and Iran, Bitcoin rebounded from $74,000 to $78,000, and this rise has all the characteristics of a classic short squeeze. In just one hour, the market absorbed a peak of $357 million in short liquidations. @AxelAdlerJr believes that this rebound was not amplified by fresh demand but was driven by the forced liquidation of short positions. "This is important because a short squeeze can cause prices to rise very quickly—but by itself, it does not confirm sustainable spot demand."

According to official news, the Binance wallet plugin now supports mnemonic-derived accounts. By backing up a set of mnemonics, you can derive up to 99 independent accounts.It can protect the security of mnemonics and efficiently manage accounts; multi-chain support allows a single account to be used across chains. The supported plugin version is 1.12.0 and above.

According to Hong Kong Radio, the Hong Kong government has decided to stop promoting basketball gambling projects. The Secretary for Home Affairs and Youth Affairs, Mak Mei-juan, stated in an interview with this station that the information collected by the authorities shows that the "prediction market" has developed rapidly in recent years, with monthly trading volume increasing from less than $100 million two years ago to over $13 billion last year, of which nearly 40% of the transactions are related to sports. The authorities are concerned that if new gambling projects are promoted at this time, it will lead to greater public concern and even participation in illegal gambling in the "prediction market." Therefore, it is believed that research should be conducted first before deciding on the next steps, and the promotion of new gambling projects should be halted for now.Mak Mei-juan stated that the existing regulated gambling projects have established a more mature monitoring and management system, which can help control risks. However, due to the uncertainty of the "prediction market," as a responsible government, there is a need to conduct research to understand the impact of the "prediction market" and its prevalence in Hong Kong. She also mentioned that the government has always maintained close contact with the Hong Kong Jockey Club, as the club has a rigorous monitoring system to oversee illegal gambling situations, and there are experts specifically targeting the fight against illegal gambling. The government will cooperate with the Jockey Club to obtain professional advice, allowing the authorities to implement measures specifically aimed at illegal gambling.Mak Mei-juan reiterated that the government's consistent policy is not to encourage gambling, and betting on sports projects in the "prediction market" is considered illegal gambling. The authorities will strengthen public education to help citizens understand the harms of gambling and refrain from participating in illegal gambling.