Justin Sun has deposited $174 million worth of assets into Spark, accounting for nearly a quarter of the Spark USDC deposit pool
On April 21st, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that 8 hours prior, Justin Sun deposited 105 million USDC into the Spark protocol. Combined with his previous deposit of 53,665 ETH, the total value of his holdings now stands at a staggering $174 million.
Data shows Spark’s current USDC deposit TVL (Total Value Locked) is $467 million, with Justin Sun’s funds accounting for nearly 22.5% of that total.
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Iranian Parliament Speaker: Ready to Unveil New Cards on the Battlefield
April 21st: Iranian Parliament Speaker Ghalibaf stated on X (formerly Twitter) that Trump, via sanctions and violations of the ceasefire agreement, is trying to turn the negotiation table into a surrender table—or find an excuse to reignite war.
"We will not accept negotiations under the shadow of threats. Over the past two weeks, we have prepared to play a new card on the battlefield."
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Aave: Discussing Two Bad Debt Processing Solutions, Service Providers Working Alongside Ecosystem Participants to Tackle Bad Debt
April 21st: Aave published an update on its rsETH event, citing a LlamaRisk report that outlines two bad debt scenarios.
The scenarios are:
1. Loss socialization, where losses are shared across the entire chain;
2. Losses limited exclusively to L2 rsETH.
Aave also noted that its DAO service providers and ecosystem participants are leading a joint effort to address any potential bad debt—an initiative that has received multiple preliminary commitments from all involved parties. Reports indicate the Aave DAO protocol treasury holds approximately $181 million.
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Yihui, a subsidiary of Trend Research, transfers over $23 million of DeFi tokens, marking its second transaction in a month
On April 21st, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that Trend Research has made another move after a one-month lull. Fifty minutes prior, the entity transferred 5.41 million UNI tokens and 228,000 COMP tokens to a new address: 0xfa9…FEB58. The total value of the transferred assets is approximately $23.32 million, and the owner of the receiving address remains unidentified.
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Federal Reserve Nominee Warsh's Opening Statement Released, Will Pledge Rate Decision 'Independence'
April 21 — The U.S. Senate Banking Committee will hold a confirmation hearing for Federal Reserve Chair nominee Kevin Warsh on Tuesday morning at 10 a.m. Eastern Time (10 p.m. Beijing Time the same day).
In advance opening remarks obtained by Politico, Warsh stressed interest rate decisions must remain strictly independent of political considerations, and monetary policy should not serve as a tool for short-term political goals. He emphasized the Fed’s credibility hinges on institutional constraints and policy discipline, calling price stability the central bank’s hallmark. Warsh pledged full accountability for upholding price stability, stating: “No excuses, no evasion.”
On the Fed’s expanding functional boundaries in the post-crisis era, Warsh issued a warning: the central bank should not extend its reach into fiscal or social policy areas where it lacks statutory authority.
(Source: Jinse Finance)
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Ceasefire Agreement Set to Expire Soon, Iran Remains Adamant, Market Concerned about Escalation, Bitcoin Rallies Against the Trend
April 21st
Trump repeatedly stated Wednesday that the ceasefire agreement is set to expire Wednesday night Washington time and is unlikely to be extended.
Meanwhile, he noted Vance is traveling to Pakistan later Monday, adding the Strait of Hormuz will remain closed until an agreement is signed. Iran held firm during U.S. trading hours, saying its decision not to join negotiations remains unchanged—though media reports indicate the Iranian delegation will arrive Tuesday morning, coinciding with the U.S. delegation’s arrival timing.
Driven by Iran’s tough stance, per Bitget data: the S&P 500 fell 0.24% Monday, the Nasdaq dropped 0.26%, and the Dow Jones Industrial Average was flat. Crude oil edged higher, with Brent crude up 2.51% to $90.39/bbl.
Bitcoin held up relatively well, possibly supported by a sharp increase in Strategy’s holdings. Per HTX data, Bitcoin briefly topped $76,000 this morning and now trades at $75,853.42, up 0.19% over 24 hours.
Investors are closely w
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