Gate Research: The risk of sUSD de-pegging has escalated, Berachain has ranked among the top six TVLs, and Raydium's issuance platform LaunchLab has been launched

Summary

• After a rebound this week, BTC and ETH prices are currently in the recovery phase and remain in a volatile range overall.
• Soneium and EigenLayer jointly launched a 10-second confirmation layer, achieving a breakthrough in L2 performance.
• The City of Panama announced its support for crypto payment to promote crypto compliance.
• The risk of sUSD de-anchoring escalates, causing panic in the market.
• KiloEx lost $7 million in a flash loan attack, and the platform suspends service and proposes a white hat agreement to the attacker.
• Raydium has launched a new token issuance platform, LaunchLab, to strengthen the issuance infrastructure and creator incentive mechanism of the Solana ecosystem.
• Miners sold more than 40% of their BTC output in March, with high operating costs and macro uncertainty driving short-term selling pressure.

Market Interpretation

Quotes

BTC – BTC as a whole this week continued its rally repair structure since the beginning of the month and is currently trading at 84,152 USDT. From a long-term perspective, BTC has repeatedly confirmed the effectiveness of the 76,000 USDT support after bottoming out in early April, and has gradually returned to the key moving average area, indicating that the medium- and long-term bullish trend is showing signs of stabilization. The current price is running above the MA30 (8,4458 USDT) and is showing a retracement test trend, and if the subsequent volume breaks through this level, it will further confirm the continuation of the rally. The overall structure is still in the shock repair channel, and short-term consolidation is conducive to accumulating strength for the next round of upside. Although the MACD double line has fallen slightly, it still remains above the zero line, and the histogram has not yet turned green, indicating that the downward momentum is limited, and the market is still more in the long term. 【1】

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ETH – ETH is currently trading at 1,582 USDT this week after a sharp pullback since early April. From the perspective of the long-term trend, ETH has gained some support around 1,550 USDT, but has not yet formed an effective rebound structure, and the market is in a state of equilibrium. Technically, the ETH price is running below the MA30 (1,612 USDT) continuously, and the short-term moving averages MA5 and MA10 (1,585 vs. 1,589 USDT) are entangled, indicating that the market lacks a clear direction and the rebound momentum is weak. If the MA30 pressure cannot be broken, the market may remain weak and volatile in the future. In terms of MACD indicators, the double line is approaching the zero axis horizontally, and the red and green bars appear alternately, indicating that the market momentum volatility has weakened, and the short-term has not yet gotten rid of the shock structure, and there is a lack of obvious volume and energy cooperation in the upward or downward direction. 【2】

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• Altcoin —— In the past 7 days, altcoins have rebounded as a whole, and the increase is generally higher than last week, with AI Agent Launchpad, AI Meme, and LSDFi rising in three sectors, with market capitalization rising by about 188.3% and 40.8% and 38.2% respectively in seven days. 【3】 Futures - As of 08:00 AM (UTC+8) on April 17, 2025, the current options open interest in the BTC options market is $244 million, a significant decrease from last week (29.11 billion). During this period, the BTC price fell as low as $83,200 and was in a volatile upward phase. 【4】
• Macro Data - On April 17, U.S. stock indexes fell: Dow Jones fell 1.73%, S&P 500 fell 2.24%, Nasdaq fell 3.07%, and fell more than 4% at one point during the session. Technology stocks were weak, with the US Tech Seven Index falling 4.07%. Risk aversion heated up, international precious metals rose sharply, and gold briefly broke through $3,330 per ounce. Fed Chairman Jerome Powell said that interest rate adjustments would be decided based on economic data, and called market volatility a reaction to Trump’s tariff policy, denying that the “Fed is backing up”, and hawkish rhetoric exacerbated the stock market decline. 【5】 Stablecoins – The overall market capitalization of stablecoins rose 0.23% to $234.1 billion this week, with small inflows of over-the-counter funds. 【6】
• Gas Fee - Ethereum’s average gas fee over the past 7 days has risen to 0.375 Gwei, with a slight decrease in network activity. 【7】

Popular concepts

Bitcoin prices have fluctuated in a range of $82,500 to $84,000 this week, with altcoins mostly rising across sectors. According to Coingecko data, AI Agent Launchpad, AI Meme, and LSDFi were among the top gainers, with market capitalizations rising by about 188.3%, 40.8%, and 38.2% respectively in seven days. 【8】

AI Agent Launchpad – This sector refers to an ecosystem of decentralized platforms focused on building, deploying, and monetizing autonomous AI agents. By providing development tools, tokenization mechanisms, and community governance frameworks, users can easily create AI agents with cognition, decision-making, and execution capabilities, and integrate them into Web3 applications such as DeFi, social media, gaming, and more. 【9】

The AI Agent Launchpad sector rose 188.3% in seven days, with a market capitalization of $2.041 billion and a 24-hour trading volume of $318 million. Among them, the currency MINDS in the sector has risen 13674.6% in the last 7 days.

AI Meme —— This section refers to the crypto asset ecosystem that integrates artificial intelligence (AI) narrative and meme culture, focusing on “AI + meme” to carry out creative distribution, community hype, speculative trading and other activities, aiming to achieve high popularity and community consensus at a low cost.

The AI Meme sector rose 40.8% in seven days, with a market capitalization of $2.232 billion and a 24-hour trading volume of $885 million. Among them, AIDOGE, which belongs to the sector, has risen 273.9% over the last 7 days, AVA has risen 73.9% over the last 7 days, and AKI has risen 63.6% over the last 7 days. 【10】

LSDFi – This sector refers to the DeFi protocol ecosystem with liquid staking assets as the core, focusing on stToken to carry out lending, trading, income aggregation and other functions to improve the capital efficiency of LSD (Liquid Staking Derivatives).

The LSDFi sector saw a 38.2% increase in market capitalization for the week, with a market capitalization of about $1.620 billion and a 24-hour trading volume of $476 million. Among them, the currency RAFT in the sector has risen 38.1% in the last 7 days. 【11】

Popular currencies

According to Coingecko data, the popular currencies in the past 7 days are as follows:[12]

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CRV (Curve DAO) – up about 21.2% on the 7th, with a circulating market capitalization of $833 million.

Curve Finance is a decentralized trading platform focusing on the efficient exchange of stablecoins and pegged assets, built on Ethereum and using an automated market maker (AMM) model, which is specially optimized for the low-slippage trading experience between similar assets. The platform attracts a large amount of capital inflow through multi-asset pool design and liquidity incentive mechanism, and users can obtain fee income and governance token CRV by providing liquidity. As the core infrastructure for stablecoin trading and yield aggregation in the DeFi ecosystem, Curve has been widely integrated into major protocol systems.

Recently, with the continuous expansion of stablecoins such as USDC, DAI, USDT, etc., Curve, as a major exchange platform, has seen a significant increase in trading volume, driving the continuous growth of protocol revenue. To date, Curve has distributed more than $155 million in real revenue (excluding additional governance incentives) to CRV holders, forming a positive cycle of increased demand for stablecoins and real returns. Against this backdrop, the market’s expectation of the value of the CRV token is being re-evaluated, becoming one of the important drivers of the recent price upside. 【13】

KAS (Kaspa) - Up about 12.9% on the 7th, with a float of $1.957 billion.

Kaspa (KAS) is a Layer 1 public chain based on PoW and GHOSTDAG protocols, designed to achieve faster transaction confirmation and higher scalability. Unlike traditional blockchains, Kaspa uses a Directed Acyclic Graph (DAG) structure that allows multiple blocks to be generated and processed in parallel at the same time, improving block generation speed and network throughput.

The Crescendo v1.0.0 hard fork upgrade will be implemented in early May. This upgrade marks the completion of the development phase from KIP1 to KIP15, which will increase the Kaspa network from 1 BPS (1 block per second) to 10 BPS, significantly enhancing transaction throughput and network capacity, and greatly improving the user experience by shortening the block interval. This not only increases the usefulness and scaling potential of the network, but also boosts the long-term confidence of miners and users. At present, more than 45% of nodes have been upgraded, and the mining computing power support has reached 37.45%. With the mainnet upgrade approaching, market expectations are strong, driving KAS price strength. 【14】

SOL (Solana) – up about 10.3% on the 7th, with a float of $67.7 billion.

Solana (SOL) is a high-performance, third-generation blockchain platform designed to provide fast, secure, and scalable infrastructure for decentralized applications (DApps) and smart contracts. Its core features include high throughput, low latency, and low transaction fees, making it suitable for a variety of application scenarios such as finance, gaming, and NFTs. Solana improves network performance through a combination of Proof of History (PoH) and Proof of Stake (PoS).

Solana successfully implemented the SIMD-0207 upgrade, increasing the block capacity cap by 4% and enhancing the network’s transaction processing and scalability. Canadian Asset Management has launched four Solana (SOL) spot ETFs on the Toronto Stock Exchange (TSX), marking the birth of the first Solana exchange-traded product (ETP) in North America to offer staking, which provides investors with easy access to investment, raising awareness of Solana and driving the token up. 【15】【16】

This Week’s Spotlight

Hot reviews

Sony Soneium Partners with EigenLayer to Reduce Blockchain Final Confirmation Time by 98% and Reshape the L2 Performance Benchmark

Sony-backed blockchain network Soneium has announced a strategic partnership with AltLayer and EigenLayer to launch the “Fast Finality Layer”, which reduces the transaction finalization time of its blockchain from 15 minutes to less than 10 seconds, improving the confirmation speed by more than 98%. This breakthrough is expected to significantly improve the user experience and provide the high-performance support needed for mainstream blockchain applications, including payments, gaming, and real-time data processing.

In the blockchain space, the final confirmation time of a transaction determines when the network considers a transaction to be finally valid, which is a key parameter for evaluating usability and security. Soneium previously used Optimism’s OP Stack architecture, which was limited by sequencers and challenge periods, and typically took about 15 minutes for final confirmation. By introducing a decentralized validator network based on EigenLayer and integrating AltLayer’s elastic execution layer, Soneium has built an L2 infrastructure that takes into account both throughput and security, laying the technical foundation for subsequent performance optimization and ecosystem expansion.

Compared with mainstream L2s such as Arbitrum and Optimism, Soneium achieves a better balance between user interaction experience and security architecture through a “fast final confirmation layer”, which is expected to attract more real-time application scenarios (such as high-frequency DeFi strategies, Web3 games, and payment systems) to deploy its network, enhance ecological stickiness, and increase developer activity [17]

Panama City is the first to accept cryptocurrency payments, opening a new chapter in cryptocurrency

The Panamanian capital has officially taken a key step towards the convergence of digital assets into public services. On April 15, Panama City Mayor Mayer Mizrachi announced that the City Council had unanimously approved a new policy that would allow citizens to use cryptocurrency to pay taxes and municipal services. As a result, Panama City became the first local government in the country to open up such payment methods.

According to reports, the city government will work with an authorized bank, which will be responsible for delivering cryptocurrency to the city treasury in real time and converting it into US dollars to reduce the risk of price fluctuations and ensure fiscal stability.

This innovative payment mechanism is not only an important step in the digitalization of the municipal service system, but also sees it as part of Panama’s strategy to create a “crypto hub”. At the same time, Panama is also promoting a registration system for virtual asset service providers (VASPs) and an anti-money laundering regulatory (AML) framework at the national level to lay a compliance foundation for blockchain finance and Web3 applications. 【18】

sUSD de-pegging intensifies, sparking panic in the market

Since April 10, 2025, the stablecoin sUSD in the Synthetix ecosystem has been severely de-pegged and is now trading at $0.8107, down 5.8% today, with a market cap of $25.76 million. This de-anchoring is mainly due to the ongoing mechanism upgrade of Synthetix, where the old debt management system has been replaced by a new “420 pool” mechanism, resulting in a lack of effective price adjustment in the market in the short term. Kain Warwick, founder of Synthetix, emphasized that this is not a systemic crisis, but rather a temporary fluctuation in the transition.

The stability of sUSD has long relied on the high collateralization ratio of the SNX token and the debt adjustment mechanism. With the introduction of the new mechanism, the collateral ratio has been reduced to 200%, and $62 million of historical debt is planned to be forgiven within 12 months to improve capital efficiency and system security. However, during the transition period between the old and new mechanisms, the market’s confidence in sUSD was affected and price volatility intensified. The Synthetix team has taken steps, including strengthening the incentives of the Curve pool, extending the term of Infinex’s deposit activity, and establishing a long-term price support system for sUSD.

The sUSD de-pegging event has put investors’ trust in stablecoins to the test. Despite the countermeasures taken by the Synthetix team, the sUSD price is still fluctuating in a 5-10% decline range in the short term. With the gradual improvement of the new mechanism, sUSD may be expected to regain the trust and stability of the market, but the seeds of unease have already been planted in the hearts of investors, and it will be necessary to pay attention to the specific market performance in the future. The incident also reminded market participants that the “stability” of stablecoins is not absolute, and that mechanism design and market confidence are also key factors. 【19】

Security incidents

KiloEx was hacked and lost about $7 million

KiloEx, a decentralized perpetual contract exchange, was hacked this week and lost $7 million, becoming another example of a recent DeFi security incident. The attack affected multiple blockchains, including Base, BNB Chain, and Taiko, where the attackers exploited oracle vulnerabilities and flash loans to manipulate asset prices to quickly make a profit, and transferred funds through the Tornado Cash mixing platform, with a maximum single gain of $3.12 million.

KiloEx urgently announced the suspension of service on the afternoon of April 14 and exposed the attacker’s wallet address, calling on the community to assist in tracing the funds. Subsequently, the team launched a full investigation and worked with BNB Chain, Manta Network, and security companies Seal-911, SlowMist, and Sherlock to trace the flow of funds. KiloEx said it has identified contract vulnerabilities and will complete a fix as soon as possible.

In order to recover the losses as much as possible, KiloEx offered the attackers to return 90% of the funds, keep 10% as a white hat bounty, and set a 72-hour deadline to cooperate with law enforcement authorities to initiate legal prosecution proceedings if they did not respond.

The incident also triggered a sharp swing in the price of the token. The KILO token plunged 28% in 24 hours to $0.03821, down more than 70% from its March high. The community’s response was generally negative, with some users questioning the platform’s credibility on social platforms and calling on large exchanges to intervene in the investigation. 【20】

ZKsync Airdrop Contract Hacked, 111 Million ZK Tokens Illegally Minted

On April 15, ZKsync officially disclosed that its administrator account used for airdrop distribution was hacked. The attackers illegally minted about 111 million unclaimed ZK tokens, or 0.45% of the total supply, from three airdrop contracts by calling the sweepUnclaimed() function. This incident only affected the airdrop distribution contract, and the ZKsync main protocol, ZK token contract, governance mechanism, and other token distribution plans were not damaged. 【21】

The ZKsync team highlighted that this was a separate key leak and that attackers could no longer do the same, and that all mintable airdrop tokens have now been minted. ZKsync is working with Security Alliance and multiple exchanges to track assets, while publicly calling on attackers to return funds to avoid legal liability. Despite a swift official response, some community members suspected that the incident was internally manipulated and questioned ZKsync’s governance structure and transparency.

The attack caused the price of ZK tokens to drop by more than 14% in 24 hours, and some exchanges suspended related deposit and withdrawal services. It also exacerbates the market’s concerns about ZKsync’s security and trust foundation, which will affect its competitive position in the Layer 2 track, and the alleviation of market sentiment depends on its crisis response efficiency and subsequent security governance improvements.

Project Attention

Raydium Launches LaunchLab to Strengthen Solana’s Publishing Infrastructure

Raydium, the leading decentralized exchange (DEX) in the Solana ecosystem, has officially launched LaunchLab, a token issuance platform, aiming to provide creators, developers, and communities with low-threshold, non-censorship-free on-chain token issuance and liquidity launch tools.

According to the introduction, LaunchLab allows users to issue tokens through customized pricing curves (supporting linear, exponential, logarithmic models) and supports a variety of quoted assets, including but not limited to SOL. The platform integrates Raydium’s AMM v4 and lock-up mechanism, creators can choose to permanently allocate part of the fee to RAY buyback, community pool and operating expenses, and creators can continue to receive 10% of the AMM transaction fee after the token “graduates”, incentivizing long-term construction.

According to Raydium, LaunchLab had planned to delay its launch to avoid direct competition with ecosystem partners. But after Pump.fun announced the development of an independent AMM, Raydium chose to accelerate the launch with the aim of providing a more flexible, sustainable, creator-friendly alternative to asset distribution. Data shows that in the last 30 days alone, Meme coin trading volume from Pump.fun has accounted for 41% of Raydium’s total transaction fees, and the timely launch of LaunchLab is considered critical. This release is not only a strategic counterattack for Raydium, but also a major step forward for the entire Solana ecosystem in terms of creator tools and asset distribution efficiency. 【22】

Highlight data

Bitcoin miners sold more than 40% of their output in March, the highest since October 2024

In March 2025, 15 listed Bitcoin miners collectively sold more than 40% of their mining output, the largest monthly sell-off since October 2024. This trend marks a phased reversal of the “coin storage is king” strategy after the halving, reflecting the continued pressure on the industry amid macroeconomic turmoil.

According to TheMinerMag’s tracking data, this large-scale sale was mainly constrained by soaring operating costs and a widening funding gap. In the face of rising energy and hardware prices and geopolitical trade tariff pressures, most mining companies can only cash out BTC to meet their daily operating expenses in order to maintain cash flow. This has exacerbated the selling pressure in the market to a certain extent, and may also affect the short-term Bitcoin price action. The data shows that Bitcoin fell 2.3% in March, after falling 17.39% in February.

Overall, the global bitcoin mining industry is experiencing a double baptism of cost revaluation and geoeconomic risks. In the short term, the collective sale of BTC by miners is likely to continue, putting pressure on the currency price and challenging the long-term sustainability of the industry. 【23】

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2025 Q1 Multi-chain DeFi TVL Falls 27.5%, Berachain Ranks Top 6

In the first quarter of 2025, the total amount of multi-chain DeFi locked (TVL) fell by 27.5%, from $177.4 billion at the end of 2024 to $128.6 billion at the end of March 2025, mainly due to a generally sharp drop in altcoin prices.

Ethereum was hit particularly hard, with TVL falling by 35.4% from $112.6 billion at the beginning of the year to $72.7 billion, and its market share falling from 63.5% to 56.6%. Although Solana and Base also faced a decline in TVL, decreasing by 23.5% and 15.3% respectively, the relative market share of the two networks increased slightly due to the sharp correction in the price of SOL and ETH itself.

Notably, Berachain has risen rapidly since its launch on February 6, attracting $5.2 billion in DeFi TVL by the end of the first quarter, making it the sixth largest network. Among them, Boyco’s pre-deposited vault attracted approximately $2.3 billion in funding on its first day, injecting significant initial liquidity into its ecosystem. 【24】

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Solana continues its DEX dominance, Sonic and Berachain emerge to seize market share

Continuing the strong trend at the end of 2024, Solana continued to dominate the DEX trading market in the first quarter of 2025, with a total quarterly transaction value of $293.7 billion, up 35.3% from $217 billion in the previous quarter, and holding the top spot with a market share of 39.6%.

Among them, Solana’s performance in January was particularly impressive, driven by the “political meme coin” boom (represented by $TRUMP), with a monthly on-chain transaction volume exceeding $184.8 billion, a record high, accounting for 52% of the mainstream chain transaction share. This volatility directly pushed Ethereum’s market share below 20% for the first time in history.

Ethereum rebounded in March to regain market dominance as the meme coin fever faded, with its market share back to 30.1%, while Solana fell back to 23.4%.

It’s worth noting that Sonic and Berachain made it into the top 10 in March, knocking out Optimism and Polygon, which were already firmly on the list, and although the latter two remained in the lead throughout the quarter, the rapid rise of the new chain has shown a drastic change in the competition landscape between chains. 【25】

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Market Opportunity

Project airdrops

ByteNova

ByteNova is a decentralized edge artificial intelligence (Edge AI) ecosystem, formerly known as ClustroAI, founded in 2023. Based on a containerized architecture, GPU-accelerated orchestration, and protocol-driven framework, the project aims to deliver low-latency processing, enterprise-grade security, and scalable solutions for next-generation AI applications. ByteNova’s goal is to transfer AI inference capabilities from centralized cloud platforms to edge devices, such as smartphones and industrial terminals, to achieve truly distributed intelligent computing. Bytenova has launched a campaign where participating users can earn points by completing social tasks, and will be rewarded with points confirmed by the project team in the future. 【26】

How to Participate:

1. Go to the official website and connect your wallet.
2. Open the profile tab and connect your social accounts.
3. Create your referral link and invite friends.
4. Complete all available tasks and daily check-ins.
5. Keep track of your rankings on leaderboards.

Prompt: The airdrop plan and participation method may be updated at any time, and users are advised to follow Bytenova’s official channels for the latest information. At the same time, users should be cautious about participating, be aware of the risks, and do sufficient research before participating. Gate.io There is no guarantee that subsequent airdrop rewards will be distributed.

Weekly Financing Report

This week, a number of projects successfully completed financing, involving a wide range of applications in infrastructure, DeFi, and other fields. According to RootData, between April 10 and April 16, a total of 18 projects announced funding, amounting to about $250 million. 【27】

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The following are the top three financing sizes:

Meanwhile closed a $40 million seed round on April 10, led by Framework Ventures, Fulgur Ventures, Gradient Ventures, and Sam Altman. Meanwhile is an innovative U.S.-based insurtech company focused on providing whole life insurance products denominated in Bitcoin (BTC). Its core concept is to combine the protection function of traditional insurance with the long-term store of value characteristics of Bitcoin to provide global users with inflation-resistant, tax-optimized and liquid financial solutions.

Meanwhile plans to launch more Bitcoin-denominated insurance categories, such as term life insurance, accidental death protection, and develop a Bitcoin private credit fund. and enhance AI-driven underwriting and claims systems to improve efficiency and user experience. In the future, the company will also expand the international market, including the United States, the United Kingdom, Canada and other countries, and expand the size of the team to attract more professionals in the crypto and insurance industries, and accelerate the layout of the Web3 insurance ecosystem.

Bugscoin closed a $12 million Series A funding round on April 11 with participation from Duckdao, Becker Ventures, Maxx Capital, and Becker Ventures. BugsCoin is an education-focused Web3 platform that provides users with a risk-free simulated trading experience. Here, users can not only practice real-world financial strategies, but also earn $BGSC tokens for learning courses and participating in platform activities.

BugsCoin plans to expand globally, develop localized educational programs, and enhance its decentralized asset management protocol, BugsFunded. It also plans to launch an AI-based financial advisory tool to optimize its token economic model and expand the application of the ecosystem. These strategic goals aim to promote its EduFi model, which combines education and decentralized finance to provide more diversified financial services.

Auradine closed a $153 million seed round on April 16, led by StepStone Group, Marathon D, Celesta Capital, with participation from Marathon Digital. Auradine is a Silicon Valley-based startup focused on developing next-generation web infrastructure, spanning blockchain, security, and artificial intelligence.

Auradine plans to further develop and expand the production capacity of its Bitcoin mining rig, Teraflux, to meet the needs of large data center operators, including Marathon Digital. At the same time, Auradine will also accelerate product development in the field of AI infrastructure, especially the optimization and launch of AuraLinks, a networking solution for AI data centers.

Follow next week

tokens unlocked

According to Tokenomist, next week (2025.4.17-4.23) the market will usher in several important token unlocking events. The total unlock value is approximately $563 million (not counting the daily unlocks of OM tokens). 【28】

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The first 3 unlocks next week are as follows:

The TRUMP token plans to unlock approximately 40 million tokens, representing 20.25% of its circulating supply, at 8 p.m. UTC+0 time on April 18, 2025, with a value of approximately $324 million. The recent average daily trading volume of TRUMP is around $370 million, and this unlocking could significantly affect its price.

The MRS token is scheduled to unlock approximately 121 million tokens, representing 11.87% of its circulating supply, at 8 p.m. UTC+0 time on April 22, 2025, with a value of approximately $121 million. Recently, the average daily trading volume of ** MRS is around $7,944, and this unlock may greatly affect its price.

The FTN token plans to unlock approximately 20 million tokens, representing 4.65% of its circulating supply, at 8 p.m. UTC+0 time on April 12, 2025, worth approximately $84.2 million. The recent average daily trading volume of FTN is around $52.34 million, and this unlocking may have a slight impact on its price.

Encrypted calendars

Next week (April 18-24, 2025) will usher in a series of important events that will have a profound impact on the cryptocurrency market, the global economy and the energy market. The UXLINK Season 3 airdrop will be available on April 18th, and users will be able to receive airdrop rewards[29]. MoreMarkets officially launched its mainnet beta on April 19, marking a further improvement of its platform’s features[30]. In addition, the Lorentz mainnet upgrade will go live on opBNB on April 21, bringing new features and performance improvements to its network[31]. DTCC, a financial market infrastructure provider, also plans to launch its blockchain-based AppChain platform on April 23, aiming to improve the efficiency of real-time collateral tokenization management[32]. On 24 April, the US will release data on initial jobless claims for the week to 19 April, an economic indicator that will have some impact on market sentiment and policy expectations[33].

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Resources:

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2. Gate.io,https://www.gate.io/trade/ETH_USDT
3. Coingecko,https://www.coingecko.com/categories
4. Coinglass,https://www.coinglass.com/pro/options/OIExpiry
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6. Defillama,https://defillama.com/stablecoins
7. Etherscan,https://etherscan.io/gastracker#chart_gasprice
8. Coingecko,https://www.coingecko.com/categories
9. Coingecko,https://www.coingecko.com/categories/ai-agent-launchpad
10. Coingecko,https://www.coingecko.com/categories/ai-meme-coins
11. Coingecko,https://www.coingecko.com/categories/lsdfi
12. Coingecko,https://www.coingecko.com
13. Coingecko,https://www.coingecko.com/coins/fartcoin
14. X,https://x.com/KaspaCurrency/status/1912565533654094037
15. Cointelegraph, [https://cointelegraph.com/news/3iq-canadian-solana-etf-figment-as-staking-provider?ref=onepagecrypto.comhttps://solanafloor.com/zh/news/solana-scales-higher-increasing-block-limit-by-4 ](https://cointelegraph.com/news/3iq-canadian-solana-etf-figment-as-staking-provider?ref=onepagecrypto.comhttps://solanafloor. com/zh/news/solana-scales-higher-increasing-block-limit-by-4)
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18. X,https://x.com/Mayer/status/1912247520790737405
19. Parsec,https://parsec.substack.com/p/parsec-weekly-113
20. X,https://x.com/CyversAlerts/status/1911867270852227131
21. X,https://x.com/zksync/status/1912141160744632737
22. X,https://x.com/RaydiumProtocol/status/1912496080383799632
23. Cointelegraph,[https://cointelegraph.com/news/publicly-mining-firms-sold-40-btc-march-2025](https://cointelegraph. com/news/publicly-mining-firms-sold-40-btc-march-2025)
24. Coingecko,[https://www.coingecko.com/research/publications/2025-q1-crypto-report](https://www.coingecko.com/research/publications/2025- q1-crypto-report)
25. Coingecko,[https://www.coingecko.com/research/publications/2025-q1-crypto-report](https://www.coingecko.com/research/publications/2025- q1-crypto-report)
26. X,https://x.com/BytenovaAI/status/1910767587048464602
27. Rootdata,https://www.rootdata.com/fundraising
28. Tokenomist,https://tokenomist.ai/unlocks
29. X,https://x.com/UXLINKofficial/status/1899351446929522959
30. Theblock,[ http://theblock.co/post/345571/near-foundations-independent-entity-nuffle-labs-rebrands-to-moremarkets-pivots-to-creating-an-integrated-liquidity-marketplace] (http://theblock.co/post/345571/ near-foundations-independent-entity-nuffle-labs-rebrands-to-moremarkets-pivots-to-creating-an-integrated-liquidity-marketplace “http://theblock.co/post/345571/near-foundations-independent-entity-nuffle-labs-rebrands-to-moremarkets-pivots-to-creating-an-integrated-liquidity-marketplace” )
31. X,https://x.com/BNBCHAIN/status/1910384574938423424
32. Theblock,[https://www.theblock.co/post/349370/dtcc-launches-blockchain-platform-for-tokenizing-collateral](https://www.theblock. co/post/349370/dtcc-launches-blockchain-platform-for-tokenizing-collateral)
33. Jin10,https://rili.jin10.com/detail/1108619

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