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Solana's fifth anniversary highlights the platform's booming interest, with extreme USDT volatility driven by meme coin activity and surging trade volumes.
Quick Take The venture capital fund’s former policy lead, Brian Quintenz, will be leaving as he faces Senate confirmation to become the next U.S. Commodity Futures Trading Commission chair. Miles Jennings has been general counsel at the fund for over three years and was previously a partner at law firm Latham & Watkins
Quick Take AIXBT, an AI agent that provides market commentary, lost approximately $100,000 worth of ETH in an exploit on Tuesday. The maintainer of the account said the attack gained access to the bot’s “simulation wallet” through malicious prompting.
Quick Take Ethereum continues to be the blockchain of choice for stablecoin activity, hosting $35 billion in USDC and $67 billion in USDT. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Raydium reportedly plans to spin out a rival memecoin launch-pad to compete with Pump.fun. The move comes about a month after Pump.fun was found to be testing a custom-built automated market maker, possibly to replace Raydium.
Quick Take EOS, the public blockchain launched in 2018 to take on Ethereum, is to be rebranded to Vaulta as it pivots to “web3 banking.” The EOS token, up 2% to around $0.52, will be swapped 1:1 for the new vaulta token beginning in May. Launched in 2018, EOS development company Block.one has had a storied legacy, including an SEC penalty related to its $4.1 billion ICO and the launch of a crypto exchange.
- 17:21Institutions: The U.S. Treasury Market Has Not Fully Priced in the Risk Event of a Change in Federal Reserve ChairAccording to a report by Jinse Finance, Natixis analyst John Briggs stated that the increasing pressure from the White House on Powell has not yet been fully priced into the US Treasury market. Investors are currently pricing in rate cuts for this year, which has pushed down short-term yields. The faster rise in long-term yields is typically attributed to concerns over the US fiscal deficit. "Unless we gain a clearer understanding of Trump's preferences for the next Federal Reserve Chair, I don't think the market will be affected in terms of pricing," Briggs said. Powell has indicated that he will remain in his position until his term ends in May. Trump is expected to select a more dovish successor.
- 17:01Arkham: German Government Has Lost $2.98 Billion from "Premature" Bitcoin SalesAccording to ChainCatcher, statistics from Arkham show that the German government sold 49,858 bitcoins at an average price of $57,900. Compared to the current price range of $117,000, the "missed profit" from selling early has reached $2.98 billion.
- 16:48M briefly falls below $0.62, dropping over 35% within an hourAccording to Odaily Planet Daily, market data shows that M briefly fell below $0.62 before rebounding to $0.77, with a maximum drop of over 35% within one hour.