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Swiss National Bank Refuses to Consider Bitcoin as Reserve Asset

3 days ago

On April 26th, as per Coindesk, the Swiss National Bank has declined to hold Bitcoin reserves. The reason given is the concerns regarding the liquidity and volatility of the cryptocurrency market. Swiss National Bank President Martin Schlegel stated at the Friday central bank meeting: "For cryptocurrencies, although market liquidity may sometimes appear sufficient, it will naturally be questioned during a crisis. Cryptocurrencies are also renowned for their high volatility, which poses a risk to the long-term store of value. In a nutshell, it can be said that cryptocurrencies currently fail to meet the high requirements of our currency reserves."
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Binance Wallet's new IEO event MilkyWay is now open for subscription

On April 29th, as per the official website, the new TGE event MilkyWay of Binance Wallet has commenced its subscription. The participation criterion for this TGE is an Alpha Point requirement of 75 points, and the subscription duration is from 16:00 to 18:00 on April 29, 2025 (in UTC+8 time zone).

9 minutes ago

The U.S. Department of Justice Seeks to Sentence Celsius Founder Alex Mashinsky to 20 Years in Prison

On April 29th, as per a report by CoinDesk, Alex Mashinsky, the founder and former CEO of the now-defunct cryptocurrency lending platform Celsius Network, is at the risk of spending the next 20 years in prison. This is the case if the sentencing memo submitted by the U.S. Department of Justice is adopted by the court. In this memo submitted later on Monday, the Justice Department advocated for the court to sentence him to 20 years in prison, claiming that Mashinsky's crimes were "deliberate and carefully planned" fraudulent acts, leading to nearly $7 billion in customer losses and inflicting financial harm on thousands of individuals.

9 minutes ago

Economist: The Fed Will Cut Interest Rates Twice This Year, Timing Will Be in the Second Half

On April 29th, Melanie Baker, a senior economist at London Royal Asset Management, stated in a report that she still anticipates that the Federal Reserve will cut interest rates twice in 2025. But this is not expected to happen before the second half of the year when the economy is projected to exhibit clearer indications of slowing down. She pointed out that the risk of a recession has grown, and the global and U.S. economic outlooks have worsened. Nevertheless, she is currently in the "economic slowdown" camp rather than the "economic recession" camp due to the temporary halt of tariff escalation and signs that Trump is responding to market pressures. (FXStreet)

9 minutes ago

1inch has expanded to the Solana network

On April 29th, as reported by The Block, the cross-chain decentralized exchange aggregator 1inch has launched on the Solana network. The project team indicated that this integration has introduced its Fusion protocol, on-chain exchange functionality, and six developer APIs, endowing this blockchain oriented towards speed.

9 minutes ago

Binance: Sub-accounts do not qualify for Alpha Point rewards independently and will not participate in airdrops separately

On April 29th, Binance issued a statement regarding Alpha Points. It was stated that only the master account is qualified to receive Alpha Points, and the assets of sub-accounts will be aggregated into the points of the master account. It is not permitted to spread assets across multiple accounts in order to earn more points. Consequently, sub-accounts do not have the independent qualification to receive Alpha Points, and they will not participate in the airdrop separately.

9 minutes ago

Cumberland withdrew 11,600 ETH from Coinbase 1 hour ago, approximately $21 million

Update, on April 29th. Based on the monitoring by The Data Nerd, one hour ago, the liquidity provider Cumberland withdrew 11,600 ETH from Coinbase (which is approximately equivalent to $21 million).

9 minutes ago

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