NVIDIA's Collaboration with Arbitrum Temporarily Suspended by NVIDIA Unilaterally

On April 25th, as per official channels, ZKsync put out a statement saying that on April 13th, a hacker fraudulently minted 1.1 billion ZK tokens, which amounted to $5 million. The hacker did this from the Merkle distribution contract that was meant for ZKsync's airdrop in June 2024 by using a stolen admin account. The Matter Labs team verified the extent of the incident on April 15th and started an investigation with the ZKsync Association and Foundation. The incident was confined to three particular airdrop contracts, and all the tokens had already been minted, making it impossible to further exploit through the admin key. On April 23rd, after the ZKsync Security Council proposed a "Safe Harbor" solution, the hacker returned all the funds. The funds are currently being held in custody by the Security Council, and the specific course of action will be decided through community governance.

On April 25th, Glassnode put out a post saying that as the Bitcoin price makes a comeback, the market leverage ratio is on the rise. This increases the likelihood of intensified volatility through liquidation and stop-loss. Despite the increase in open interest positions, the average funding rate has dropped to -0.023%, suggesting a market bias towards short positions. Bitcoin traders seem to be shorting this round of the upward trend. If the bullish momentum continues, it may trigger a short squeeze situation. The 7-day moving average of the long funding rate premium has decreased and is continuing to trend downwards. This indicates a reduced market demand for Bitcoin long exposure, further strengthening the current view that perpetual contract positions are mainly short.

Meet a smart trader who made over $1M in profit from trading memecoins in the past 7 days! He traded 88 tokens with a win rate of 71.59%. His average holding time was under 1 hour, and @gmgnai labeled him a paper hands trader.

On April 25th, the founder of Binance, CZ, posted on social media and said, "An exchange requires trading volume. For a long time, many centralized exchanges (CEX) have been reluctant to list BNB and have missed out on the high trading volume brought by this top-five cryptocurrency in terms of market capitalization."
Now they are starting to make up for it. Although this intensifies the competition that Binance is facing, it is beneficial to BNB itself. I am glad to see that Kraken has begun to support BNB trading.

On April 25th, based on HTX market data, Bitcoin rebounded and touched $95,000. It is now trading at $95,073, with a 24-hour gain of 2.58%.

On April 25th, as per an official announcement, Coinbase Pro is set to list ZORA perpetual contract trading on its international platform.