Base Chain DeFi lending protocol Seamless Protocol announced its shutdown, operating for more than two and a half years. Users need to withdraw their assets before June 30, 2026. The shutdown is due to the leverage token failing to find product-market fit, along with a lack of liquidity and sustainable revenue. The team will submit a proposal to distribute the remaining assets to SEAM token holders.

Gate News message. On April 7, according to monitoring by Onchain Lens, a Pump.fun team/investor-related address deposited 2.34 billion PUMP tokens into a certain CEX, worth about $4 million.

Velora (formerly Paraswap) has released a new governance proposal. The main adjustments include refocusing on structural decisions regarding the VLR token, terminating the staking plan, closing the DAO treasury and paying for infrastructure services, and stopping fee routing. Going forward, governance will focus on decisions related to the VLR token, and protocol operations will be supported by the development team.

SOL Strategies announced on April 7 that it will acquire Solana zero-knowledge technology company Darklake Labs for $1.2 million. The deal includes $200k in cash and $1 million in stock. Darklake Labs developed the zero-knowledge proof system Zyga for Solana, aiming to improve transaction privacy and prevent front-running trading and sandwich attacks. After the acquisition, its founders and core team will join SOL Strategies.

Gate News update, April 7, Fluent posted a tweet saying that registration is now open for the BLEND token public offering, targeting $1 million in funding with a FDV of $100 million, with full unlock at TGE. On April 13, the token public offering will close, and the mainnet will go live 2 weeks after the end of the public offering. The total supply of the BLEND token is 1 billion, with an initial unlock of 75 million; 100 million will be allocated to the foundation, 225 million to investors, 200 million to the team, and 400 million to ecosystem expansion.

Gate News message. April 7, Tether CEO Paolo Ardoino said the team is developing a decentralized search engine called hypersearch. The product is built on a distributed hash table (DHT, a decentralized data storage technology) architecture.

The Bank of Korea and France’s foreign exchange bank held a seminar in South Korea on digital assets and climate-related issues, discussing the impact of central bank digital currency and stablecoins on the financial system. During the meeting, countries discussed how to balance financial innovation and regulation, showing the global emphasis on collaborative research in digital finance.

Gate News, April 7, Monad co-founder Keone Hon posted a call urging DeFi protocol operators to immediately use dedicated signing computers to perform multisig wallet operations and stop using everyday computers. Keone Hon pointed out that everyday computers are highly susceptible to compromise; once controlled, even if a hardware wallet is connected, the signing process may still be maliciously altered, creating serious security risks. In addition, the Monad Foundation may in the future introduce incentive mechanisms to encourage the team to adopt this security solution.

Gate News update: On April 7, Indian crypto-rewards fintech company GoSats completed a $5 million A round of financing, led by Konvoy. Y Combinator, Taisu Ventures, and some angel investors also participated. The funding will be used to expand its product line and team size.