Linera Launches Babbage Testnet

DL News reported on April 7 that as USDC trading volume continues to surge in South Korea, Circle CEO Jeremy Allaire plans to visit the country next week. He will meet with executives from major commercial banks and top cryptocurrency exchanges to discuss three key areas: USDC’s use cases in South Korea, international payment collaborations, and plans for a Korean won-backed stablecoin. On the banking front, Allaire intends to hold consecutive meetings with key leaders at leading institutions including KB Kookmin Bank, Shinhan Bank, and Hana Bank. Notably, KB Kookmin Bank met with Circle last June and has completed a feasibility concept test using the Circle Mint platform. For cryptocurrency exchanges, Allaire will also meet with Upbit operator Dunamu, plus executives from Bithumb, Coinone, and other exchanges. Discussions will cover expanding USDC adoption, South Korea’s payment ecosystem, and measures to support cross-chain technology.

April 7th — Per DefiLlama data, HIP-3 ecosystem project TradeXYZ has seen its trading volume climb steadily, with total volume topping $24 billion and open interest exceeding $22 billion. Both metrics outpace other platforms, and TradeXYZ now accounts for 38% of Hyperliquid’s total trading volume. Below are the top perpetual DEXs by 24-hour trading volume: - Hyperliquid (including TradeXYZ): 24h trading volume ~$71 billion; open interest ~$76.3 billion - TradeXYZ: 24h trading volume ~$24.18 billion; open interest ~$22.33 billion - EdgeX: 24h trading volume ~$22.15 billion; open interest ~$10.01 billion - Lighter: 24h trading volume ~$18.8 billion; open interest ~$6.61 billion - Aster: 24h trading volume ~$18.29 billion; open interest ~$18.03 billion - Pacifica: 24h trading volume ~$4.31 billion; open interest ~$78.93 million [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD) [Lighter](https://app.lighter.xyz/?referral=70045843) [Aster](https://www.asterdex.com/

On April 7th, per OnchainLens data, a newly minted wallet deposited 3.82 million USDC to HyperLiquid 30 minutes prior, opening a short position on 9,395.67 ETH with 20x leverage and a $19.7M notional value.

Binance released its April Reserve Report on April 7th, with Bitcoin (BTC) reserves at 100.03%, Tether (USDT) at 105.62%, Ethereum (ETH) at 100.00%, and Binance Coin (BNB) at 100.96%. This month’s report marks the first inclusion of PAX Gold (PAXG)—a gold-backed token issued by Paxos—pushing the total number of cryptocurrencies in reserves to 49. Compared to the March Reserve Report, user-held BTC on Binance decreased by 12,193.855 coins in March (valued at approximately $840 million). Ethereum (ETH) holdings fell by 178,067.716 coins, equivalent to roughly $374 million.

Bitget will list Midnight (NIGHT) on April 7. Deposits are now open, and trading will go live on April 9 at 7:00 PM UTC+8.