BUZZ Founder Announces Relinquishment of Project Ownership, New Leader to Drive Project Development

On April 10th, as per CoinDesk, the overall trading volume of Bitcoin spot trading on CEX platforms declined from a peak of $440 billion on February 3rd to $100 billion by the end of the first quarter, representing a nearly 77% decrease. Meanwhile, the total trading volume of token spot trading on cryptocurrency exchanges dropped from a high of $1.22 trillion on February 3rd to $230 billion by the end of the first quarter, with a decrease of over 80%. Such a substantial decline in trading volume implies that traders and investors might have lost confidence due to uncertainties or fears. Price declines suggest that the value of Bitcoin and other cryptocurrencies is decreasing, which could trigger panic and lead to a vicious cycle of reduced trading volume and further price declines.

On April 10, according to an official announcement, Binance will adjust the TROYUSDT and GASUSDT U perpetual contract funding rate settlement frequency at 16:00 (UTC+8) on April 10, 2025. The funding rate settlement frequency will be changed from every four hours to every two hours.

On April 10th, the CEO of Backpack, Armani Ferrante, posted on social media that due to the market turmoil of the past week, the system load of Backpack has reached an all-time high. The team is continuously working hard to scale up in order to meet the growing demands of their user base. So far, the risk engine of the platform has performed well and will continue to be stress-tested by the market as the business develops. Although he cannot guarantee that it will be flawless, he believes that it will become one of the most critical parts of the Backpack system. As a former software development engineer at Alameda Research, Armani made a rare mention of the failure of FTX this time, pointing out that the collapse of FTX has educated the market - both risk management and custody are equally important. Learning from the collapse of FTX, Backpack attaches great importance to building a robust and transparent risk management system to ensure the security of user funds. Backpack does not o

On April 10th, the short-term decline of the DXY expanded by 26 points, with an intraday decline of 0.50%. It is now trading at 102.45. (IG)

Update: On April 10th, the futures of the three major US stock indexes witnessed an expansion of losses. Nasdaq futures saw a decline of more than 2%, S&P 500 index futures dropped by 1.7%, and Dow Jones futures decreased by 1.2%. (FX168)

April 10th: On the local time of April 9th, OpenAI filed a counter-suit against Musk, alleging that he had deliberately undermined the company's operations through media attacks, inciting fans, engaging in false acquisitions, and other means. They requested a federal judge to prevent Musk from taking any further illegal and unfair actions against OpenAI, such as attacking through the media and engaging in malicious publicity. Previously, Musk had sued OpenAI and its CEO Sam Altman, accusing OpenAI of initially inviting Musk to fund a non-profit AI research organization dedicated to the benefit of humanity but now focusing on profit. (Jinse)