Opinion: Collusion between projects and liquidity providers to manipulate prices is the biggest issue plaguing the crypto market today

On April 16th, James K. Filan, a former US federal prosecutor, posted on the X platform and stated that the joint motion by the US Securities and Exchange Commission (SEC) and Ripple to extend the reply deadline has been approved. The SEC has been instructed to file a status report within 60 days after the motion order is issued.

On April 16th, Terence Kwok, the founder and CEO of Humanity Protocol, posted on social media, saying, "In the past few months, we have been concentrating on meticulous development work and are now entering the next stage. The token H serves as the economic engine of the validation network, guaranteeing that the incentives for all parties in the ecosystem remain in alignment, thus achieving the long-term sustainability of Humanity. The mission of H is to collectively drive the open identity infrastructure to operate on a large scale: to validate, verify, confirm, and manage. The TGE is approaching, and H is coming soon."

On April 16th, as reported by The Block, the Bitcoin mining machine manufacturer Auradine has successfully concluded a Series C funding round worth $153 million. This round was led by StepStone Group and involved Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers, and other entities. The funds obtained from this round will be utilized to develop its Bitcoin mining and artificial intelligence infrastructure business.

On April 16th, Superform Labs in the cross-chain yield market announced the establishment of a foundation and will launch the UP token later this year.

On April 16th, Binance Futures is going to adjust the settlement frequency of the funding rate for the AERGOUSDT perpetual contract with a leverage of up to 50x. This contract is set to expire on April 16th, 2025, at 22:30 (in UTC+8 time). The funding rate settlement frequency will be changed from every four hours to every two hours.

On April 16th, today, Four.meme officially initiated its community-voted PancakeSwap old Version 3 Liquidity Pool (LP) Yield Buyback and Burn strategy, and it has now entered the execution stage. According to the official announcement, this plan will use the underlying token within the LP's generated yield to repurchase Meme tokens and burn them permanently. At the same time, any Meme tokens included in the yield will also be burned. The team stated that all existing LP accumulated yield is expected to be processed within this week, and future generated yields will continue to be executed according to this strategy. This move is aimed at increasing the token's scarcity, potentially enhancing its market value and driving the development of the BNB Chain MEME ecosystem. For further updates on the progress of this buyback and burn, please stay tuned to Four.meme's official social media channels.