Abstract Network's active addresses have increased by over 130% in the past week, and the number of transactions has grown by 42%.

On April 16th, based on Coinmarketcap and BscScan data, as of now, the cryptocurrency project WLFI of the Trump family has issued over 113 million USD1 on the Binance Smart Chain (BSC). This accounts for nearly 90% of the circulating supply. The current total market value of USD1 is close to 127.8 million, with a 24-hour trading volume of nearly 100 million USD. The total value locked (TVL) on both the BNB Chain and Ethereum exceeds 30 million USD. In addition, USD1 recently opened a trading pool on Pancakeswap. The USD1 liquidity pool on Pancake exceeds 19 million, and the USD1 TVL on Pancake V3 is 10.95 million USD. The lending protocol ListaDao on the BNB Chain recently launched the USD1 Vault, which provides a USD1 lending limit of 20 million USD, allowing users to borrow USD1 by collateralizing assets such as BTCB and WBNB. USD1 is 100% backed by short-term US Treasury bonds, US dollar deposits, and other cash equivalents and is pegged 1:1 to the US dollar. It aims to provide so

On April 16th, as per a report by CoinDesk, while the possibility of the bottom already being reached cannot be excluded, on-chain analyst James Check indicated that the actual bottom might only emerge after Bitcoin experiences a genuine "capitulation event." James Check suggested that this might involve Bitcoin retracing to around the $65,000 range, which he referred to as the "true market value" and represented the average holding cost of active investors. Once it reaches this level, the average investor might start to feel the pressure of unrealized losses, and even long-term holders who have been holding for five years might find themselves in a "drawdown" situation. Michael Saylor's average holding cost of Bitcoin is approximately $67,500. Although Check anticipates a substantial drop in Bitcoin from the $65,000 region, he believes there is strong support between $49,000 and $50,000. This price range not only marks the launch price of the Bitcoin spot ETF in 2024 but also a cruc

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.