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According to Odaily, Sun Yuchen recently commented on the X platform regarding the insolvency of First Digital Trust (FDT), stating that it is a factual observation devoid of emotional bias. He advised those connected with FDT to sever ties promptly to safeguard their assets. The consequences for its founder, Vincent Chok, due to alleged fraudulent activities, will be determined by the judicial system and regulatory authorities. Sun Yuchen further emphasized that his remarks should not be over-interpreted, particularly by his closest partners. He expressed confidence in the trust built over the past decade through extensive collaborations worth billions of dollars, affirming that this trust remains unwavering.

According to Cointelegraph, Matt Hougan, the chief investment officer at Bitwise, has provided a detailed analysis on the current investment landscape for Bitcoin (BTC). Hougan argues that, from a risk-adjusted perspective, there has never been a more favorable time to invest in Bitcoin. He highlights the transformation of Bitcoin from its early days, which were fraught with technology risks, regulatory threats, trading inefficiencies, and reputational concerns. Today, these risks have significantly diminished, paving the way for Bitcoin's integration into the global financial ecosystem. Hougan points to several key developments that have contributed to Bitcoin's growing stability and acceptance. The introduction of Bitcoin ETFs, the adoption by major institutional investors, and even the strategic reserve of Bitcoin by the U.S. government have all played a role in solidifying its position. He notes that Bitcoin currently represents only 10% of gold's market value, suggesting that it has substantial room for growth. Hougan believes that matching gold's market value is merely a milestone in Bitcoin's long-term journey, implying a potential tenfold increase from its current valuation. Furthermore, Hougan discusses Bitcoin's long-term price potential and the anticipated acceleration of institutional adoption. He emphasizes the structural long-term demand that is poised to enter the market, which is set against a backdrop of severely limited new supply. This dynamic, according to Hougan, could drive Bitcoin to unprecedented heights. His insights offer a compelling case for investors considering Bitcoin as a strategic asset in their portfolios.

In response to recent allegations, First Digital posted on their X account to affirm the security and safety of every dollar backing $FDUSD. They highlighted that all funds are fully accounted for with U.S.-backed Treasury Bills."Every dollar backing $FDUSD is completely, secure, safe and accounted for with US backed T-Bills. The exact ISIN numbers of all of the reserves of FDUSD are set out  in our attestation report and clearly accounted for," stated First Digital.Additionally, First Digital indicated their intention to pursue legal action to protect their rights and reputation. They also shared a link to the attestation report.

According to CoinDesk, cryptocurrency holders are experiencing heightened scrutiny from the IRS in 2025, with audits on the rise. The evolving tax regulations mean that even minor oversights can lead to significant penalties or costly audits. As the IRS intensifies its focus on cryptocurrency transactions, investors must be vigilant in their reporting practices to avoid potential pitfalls. One common mistake is neglecting wallet-based accounting. The IRS now requires detailed reporting of each wallet's transactions and balances, eliminating the practice of consolidating all trades on a single spreadsheet. Whether using hot wallets, cold wallets, or a combination, each wallet's records must be individually tracked. Tools such as CoinTracking, CoinLedger, or TaxBit can assist in syncing real-time data from various exchanges, ensuring compliance and preventing surprises during IRS audits. Another frequent error involves misreporting staking rewards. These rewards are considered taxable income as soon as they are received, regardless of whether they have been sold for fiat currency. Many investors mistakenly believe they only need to report staking income upon sale, but the IRS requires reporting at the time of receipt. For example, earning 2 ETH worth $3,000 in staking rewards constitutes taxable income when received. Failing to accurately report these amounts can attract unwanted attention from regulators closely monitoring crypto activities. Additionally, overlooking IRS letters and Form 1099-DA can lead to complications. Notices such as Notice 6371, Notice 6374, and CP2000 may be issued if discrepancies are found in tax filings. In 2025, crypto exchanges will also issue Form 1099-DA, detailing crypto income, trades, and rewards. Any inconsistency between this form and reported information is a clear red flag. It is crucial to review these documents for accuracy and address any errors promptly to prevent escalation. Failing to report all transactions is another pitfall. The IRS and its partners possess advanced blockchain analysis tools capable of tracking activity on decentralized exchanges (DEXs) and privacy coins. Every transaction, including trades, airdrops, forks, and rewards, must be included in tax filings. Unreported transactions linked to wallet addresses can lead to significant issues. Lastly, the 2025 tax year offers an opportunity to adjust the crypto cost basis under new guidelines. Investors can reallocate unused cost basis across wallets or exchange accounts, provided they document the method before their first 2025 trade and adhere to specific record-keeping requirements. This can reduce capital gains tax liability. However, excessive deductions, such as inflating business expenses or hobby-related costs, can trigger audits if deemed unrealistic. The IRS scrutinizes deductions that do not align with typical income levels, so maintaining reasonable claims and thorough supporting records is essential. To remain audit-ready, cryptocurrency investors should utilize reliable crypto tax software, meticulously review their returns, maintain comprehensive records, and be transparent about any past errors. A proactive approach ensures preparedness for IRS inquiries and allows investors to focus on their crypto investments.

According to PANews, two Republican candidates, Randy Fine and Jimmy Patronis, have won the Florida congressional by-election, strengthening the Republican Party's narrow majority in the House of Representatives. Both candidates have expressed public support for digital assets and innovation policies. The Super Political Action Committee Fairshake, which backs the U.S. crypto industry, invested over $1.5 million in advertising to support their campaigns.

On Apr 02, 2025, 15:37 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 87,000 USDT benchmark and is now trading at 87,014.34375 USDT, with a narrowed 2.33% increase in 24 hours.

On Apr 02, 2025, 15:32 PM(UTC). According to Binance Market Data, Ethereum has crossed the 1,900 USDT benchmark and is now trading at 1,900.140015 USDT, with a narrowed narrowed 0.69% decrease in 24 hours.

According to ShibDaily, governments are increasingly focusing on managing seized cryptocurrency assets, with Russia and the United States taking significant steps in this area. Russia is preparing to convert confiscated Bitcoin into state revenue, following a high-profile criminal case involving Marat Tambiev, a former investigator convicted of accepting bribes from hackers. Dmitry Aristov, head of Russia's Federal Bailiff Service, described Bitcoin as a "problematic asset" due to the challenges in liquidating it. He noted that the service is collaborating with relevant authorities to develop a methodology for handling such financial instruments. The Bitcoin in question, valued at over 1 billion rubles, was ordered by the court to be handed over to the state, although a clear process for its sale is still lacking. Aristov highlighted the need for new legislation to regulate cryptocurrency circulation in Russia. Additionally, a bill aimed at legally recognizing crypto as property to simplify seizures has reportedly been submitted to the Russian government. These developments in Moscow highlight the practical difficulties governments face in managing forfeited digital assets and the evolving legal status of cryptocurrency. Meanwhile, the United States government is conducting a comprehensive audit of its federally held Bitcoin, expected to conclude this Saturday. This marks the first full accounting of Bitcoin holdings across various agencies, following directives related to establishing a Strategic Bitcoin Reserve. Unlike Russia's immediate liquidation plans, the U.S. reserve is intended as a long-term holding, not for active selling. The U.S. government's Bitcoin holdings are substantial, estimated at around 198,000 BTC, worth approximately $16 billion, according to Arkham Intelligence. Although the government has previously sold some seized crypto, it retains a significant amount acquired through forfeitures over the years. The audit results could provide market insights, as suggested by David Bailey, CEO of BTC Inc., who noted that the findings might clarify recent price movements. The actions taken by Russia and the U.S. reflect a growing trend among governments worldwide to engage with cryptocurrency, both as seized assets and potential strategic reserves. Their decisions are influential in shaping the evolving digital economy.

According to Odaily, PayPal has expanded its cryptocurrency offerings for U.S. users by adding support for SOL and LINK. This move allows American customers to buy, sell, and hold these digital currencies on the platform, further integrating cryptocurrencies into mainstream financial services.

On Apr 02, 2025, 15:04 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 86,000 USDT benchmark and is now trading at 86,029.890625 USDT, with a narrowed 1.84% increase in 24 hours.

According to BlockBeats, Mexican President Claudia Sheinbaum announced that the country will not implement retaliatory tariff measures. This statement comes amid ongoing discussions about trade policies and economic strategies. The decision reflects Mexico's approach to maintaining stable international trade relations.

According to PANews, a report commissioned by the National Cryptocurrency Association (NCA) and conducted by The Harris Poll reveals that approximately 21% of U.S. adults, equating to around 55 million people, currently hold cryptocurrency. The 2025 U.S. Cryptocurrency Holders Report highlights that 76% of these holders believe that digital assets have positively impacted their lives. The report indicates that 39% of cryptocurrency holders use their digital assets for everyday purchases, while 31% utilize them for remittances to family members. It also notes the diverse nature of cryptocurrency users, who come from various age groups, income levels, and industry backgrounds. Most holders reportedly possess assets valued at less than $10,000.

According to Foresight News, VanEck has introduced a new exchange-traded product on Euronext Amsterdam and Euronext Paris, which tracks Celestia's native token, TIA. This exchange-traded note offers investors the opportunity to invest without directly owning the underlying asset.

As the DeFi landscape rapidly evolves, Lista DAO is pushing the boundaries of BNBFi by enabling liquid staking, cross-chain stablecoin use, and deep integration with the Binance ecosystem. In this exclusive crypto project interview, Terry, Chief Operating Officer of Lista DAO, shares insights on their roadmap, how users can maximize BNB yield, and the future of decentralized finance on the BNB Chain.Interview with Terry, COO of Lista DAOThe Experts Behind BNBFi Innovation — Can you introduce the core team and their roles?Terry:Lista DAO is backed by a talented team of 20 developers, most of whom have experience in centralized exchanges and blockchain innovation. Here's a quick intro to the leadership:Myself (Terry, COO) – Former Country Manager at Binance, focused on strategic ops and growth.Lorena (BD Lead) – Ex-Binance BD Manager, now shaping Lista's strategic partnerships.Bob (Product Lead) – Previously led a BSC NFT project; now driving product strategy at Lista DAO.Kay (Marketing Manager) – Comes from a crypto wallet protocol background, leading branding and outreach.Helen (Operations Manager) – Former exchange community manager, now overseeing DAO operations.Together, we’re building a resilient and yield-rich BNBFi ecosystem.What are the key milestones in Lista DAO’s roadmap, and how do they shape the future of BNBFi?Terry:Our 2025 roadmap is split into three core phases:Lista 1.0 – Scaling lisUSD and Lending InnovationExpand lisUSD across chains where strong stablecoins are lacking.Launch fixed-rate lending to improve revenue and capital efficiency.Lista 2.0 – Strengthening Staking & GovernanceImprove node security and decentralization.Introduce smaller, distributed validator nodes for better governance.Lista 3.0 – The Future of BNBFiDevelop a cross-chain BNBFi ecosystem with new DeFi vaults.Launch a referral rewards program to drive user growth.Sneak Peek: We're preparing a major DeFi infrastructure update to strengthen user yield strategies.How can BNB holders maximize their benefits using Lista DAO’s liquid staking model?Terry:BNB holders can tap into three simultaneous revenue streams with us:Stake BNB → Earn with slisBNBReceive slisBNB, a liquid staking token that accrues staking rewards.slisBNB can be used across the LSDfi ecosystem without un-staking.Deposit into CDP → Receive clisBNB for Binance LaunchpoolLock BNB or slisBNB to receive clisBNB, which farms Launchpool rewards.Borrow lisUSD → Unlock LiquidityUsers can borrow lisUSD using slisBNB as collateral while their BNB continues to generate yield.Triple-layer yield: Staking rewards, liquidity access via lisUSD, and Launchpool farming—all while maintaining full BNB exposure.How does Lista DAO address the stablecoin trilemma?Terry:We solve the decentralization-stability-capital efficiency problem by:Backing lisUSD with decentralized crypto assets.Implementing a Peg Stability Module (PSM) to keep lisUSD stable.Allowing users to earn staking rewards even while borrowing. This makes lisUSD stable, yield-generating, and DeFi-native, unlike traditional CDPs.What advancements can users expect in the BNBFi ecosystem?Terry:We’re making BNBFi more powerful and inclusive:Stake BNB → Borrow lisUSD → Farm Launchpool automatically.Bridge to Binance rewards with assets like BTC via clisBNB.Introduce looping strategies to boost APR.Our mission is to break down entry barriers and increase yield access across BNBFi.What key partnerships are accelerating Lista DAO's growth in 2025? Terry:Two critical collaborations are pushing us forward:Pendle Finance: Users can tokenize and trade future yields.Solv Protocol: BTC holders can farm Launchpool rewards without selling their Bitcoin.These partnerships boost accessibility, yield optimization, and BNBFi adoption.What are the biggest challenges ahead for Lista DAO?Terry:We're focused on solving:Regulatory uncertainty, while keeping decentralization intact.Increasing liquid staking adoption across the BNB Chain.Expanding lisUSD’s use cases to build demand.Cross-chain expansion, partnerships, and community support will help us overcome these.If you could describe Lista DAO’s ultimate vision in one sentence, what would it be?Terry:“All in BNBFi.”What DeFi problem does Lista DAO solve that no one else has addressed?Terry:We offer multi-layered yield without making users swap into unfamiliar tokens. Plus, we're BNB-native, unlike most DeFi platforms that only focus on ETH.Lista DAO is the first truly BNBFi-native yield platform with complete vertical integration on BNB Chain.How important is community governance in shaping Lista DAO’s future?Terry:Our governance is community-led via veLISTA holders. They control:Emissions and protocol incentivesStrategic development directions This aligns protocol growth with user interests and ensures long-term decentralization.What sets Lista DAO apart from competitors like Lido or Rocket Pool?Terry:We're deeply integrated with Binance and the only project in Launchpool, Megadrop, and HODLer airdrops. Plus:Built natively on BNB ChainExclusively aligned with BNBFiOffer access to exclusive Binance DeFi featuresWhat role does Binance play in shaping the future of BNB liquid staking?Terry:Binance is key to our strategy. BNB's unique value lies in Launchpool access and liquidity. We build infrastructure that connects CeFi and DeFi—making BNBFi more accessible to a broader audience.With its BNB-first approach, multi-layered staking strategy, and exclusive Binance integrations, Lista DAO is emerging as the go-to protocol for anyone looking to maximize BNB yield in a decentralized and secure way.

Binance Futures has announced the upcoming launch of a new perpetual trading pair: ATHUSDT, offering traders exposure to Aethir (ATH) with leverage of up to 50x. The contract will go live on April 2, 2025, at 15:45 (UTC) as part of Binance’s ongoing efforts to expand trading options and enhance user experience.Key Details of ATHUSDT Perpetual Contract:Launch Date & Time: April 2, 2025, 15:45 (UTC)Underlying Asset: Aethir (ATH)Settlement Asset: USDTLeverage: Up to 50xFunding Fee Frequency: Every 4 hoursMax Funding Rate: +2.00% / -2.00%Tick Size: 0.00001Trading Hours: 24/7Multi-Assets Mode: Supported – Users can trade with other margin assets like BTCContract Address: 0xbe0ed4138121ecfc5c0e56b40517da27e6c5226bThe ATHUSDT pair will also become eligible for Futures Copy Trading within 24 hours of launch.

According to Foresight News, FAT Brands, a prominent restaurant chain company, has announced its decision to accept Bitcoin as a payment method for franchise fees. The company currently operates 18 restaurant brands and has over 2,300 locations worldwide.

According to Foresight News, Sonatype, a company specializing in end-to-end software supply chain security, has released its Open Source Malware Index for the first quarter of 2025. The report highlights significant activities, including nearly ten incidents of npm crypto package hijackings, counterfeit VS Code Truffle packages, and malware targeting Solana developers. The findings indicate that cryptocurrency mining software accounted for 7% of the malware detected in this period, doubling from 3.5% in the fourth quarter of 2024. This increase underscores the growing threat posed by malicious software in the open-source ecosystem.

According to CoinDesk, the CoinDesk 20 Index has seen a decrease in its trading value, currently standing at 2547.72, marking a 1.0% drop since 4 p.m. ET on Wednesday. This decline reflects a reduction of 26.77 points, indicating a mixed performance among the assets included in the index. The CoinDesk 20 Index, which is a comprehensive measure of cryptocurrency performance across various platforms and regions worldwide, has shown varied results among its constituent assets. Notably, two assets have managed to trade higher despite the overall downward trend. SUI has increased by 1.0%, while ADA has seen a modest rise of 0.2%. These assets have emerged as leaders within the index, showcasing resilience in the face of broader market challenges. Conversely, several assets have contributed to the index's decline, with AAVE and LINK experiencing significant losses. AAVE has dropped by 5.3%, and LINK has decreased by 4.7%, positioning them as laggards in the current market scenario. These declines highlight the volatility and unpredictability inherent in the cryptocurrency market, as assets can experience rapid changes in value due to various factors influencing investor sentiment and market dynamics. The CoinDesk 20 Index serves as a vital tool for tracking these fluctuations, providing insights into the performance of key assets within the cryptocurrency sector.

As markets remain volatile amid U.S. President Donald Trump's aggressive trade policy announcements, analysts at K33 Research say that focus could soon shift back to a major bullish narrative — the U.S. Strategic Bitcoin Reserve plan.On April 2, Vetle Lunde, Research Director at K33, and David Zimmerman, Senior Analyst, said in a market note that ongoing tariff headlines have overshadowed progress on the Bitcoin Reserve initiative, but this narrative is likely to regain center stage once the geopolitical noise settles.U.S. Bitcoin Reserve Strategy: Report Due April 5The executive order signed by Trump on March 6 mandates the creation of a "U.S. Strategic Bitcoin Reserve" using approximately 200,000 BTC (worth $17 billion at current prices) seized via civil or criminal forfeiture, with funds allocated to reimburse victims of financial crimes.By regulation, federal agencies are required to submit a legal authority report by April 5, detailing whether and how these digital assets can be moved into a federally managed strategic reserve.The executive order also tasks Treasury Secretary Scott Besent and Commerce Secretary Howard Rutnik with crafting a budget-neutral strategy to acquire and manage the Bitcoin holdings — meaning no direct taxpayer funding will be used.Key Timeline AheadApril 5: First formal report due on federal authority to hold and manage seized digital assets.May 5 (approx.): Deadline for Besent's legal and investment framework report outlining the acquisition strategy.Mid-to-late May: A crypto summit may be convened to discuss the role of Bitcoin in the U.S. economy, potentially serving as a catalyst for renewed bullish sentiment.Market Implications"Once tariff-driven macro volatility subsides, we expect attention to swing back toward the U.S. Bitcoin Reserve narrative, which could rekindle investor enthusiasm," Lunde and Zimmerman noted.Analysts say the legal confirmation of BTC holdings by a nation-state, particularly the United States, would mark a historic milestone for Bitcoin’s legitimacy as a reserve asset, fueling speculation and potentially driving prices higher.

Ethereum has once again secured its position as the leading blockchain for decentralized exchange (DEX) trading, overtaking Solana in March for the first time since September 2024. The shift comes amid a broader market downturn and a sharp decline in memecoin-driven activity on Solana.Ethereum Leads with $64.6B in DEX VolumeAccording to DefiLlama data, Ethereum-based DEXs recorded $64.616 billion in trading volume in March, outpacing Solana’s $52.62 billion by more than 22%. The return to the top spot comes after a seven-month streak of Solana dominance, fueled largely by its memecoin ecosystem.Solana, once the go-to chain for high-frequency memecoin trading, saw usage falter as bearish sentiment gripped crypto markets, leading to diminished speculation across decentralized platforms.Solana DEX Activity Tumbles with Memecoin MarketRaydium, Solana’s top DEX, failed to surpass $1 billion in daily volume throughout March, a stark contrast to the $13 billion daily peak on Jan. 18.Memecoin launchpad Pump.fun also saw average daily volume drop below $100 million, down from $390 million in January — a sign that retail speculation has cooled significantly.The debut of the Trump-themed TRUMP token in January had briefly revived Solana’s DEX volumes, but the momentum quickly faded.Uniswap Powers Ethereum’s DEX DominanceEthereum’s DEX surge was primarily driven by Uniswap, which accounted for over $30 billion in trading volume alone. Fluid ranked second on Ethereum with $9 billion, contributing to Ethereum’s dominance despite the broader market correction.Ether (ETH) Underperforms Solana (SOL) Despite Ecosystem StrengthDespite reclaiming DEX leadership, Ethereum’s native token ETH fell 18% in March, closing at $1,822, compared to Solana’s 15.8% decline. Analysts attribute ETH's underperformance to:Inflationary tokenomics: Concerns over Ethereum's issuance model persist.Layer 2 competition: Increased adoption of Layer 2 scaling solutions like Arbitrum and Optimism may be diverting activity and value away from the mainnet.Market OutlookThe broader crypto market capitalization dropped 4.2% in March to $2.63 trillion, following a 20% decline in February. Contributing factors include macroeconomic uncertainty and disappointment over the U.S. strategic reserve’s inactivity in BTC purchases, which pressured Bitcoin below $80,000, according to CoinDesk.