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Coinbase to Leave Delaware and Reincorporate in Texas

2025.11.12 21:56:18

On November 12th, Coinbase officially submitted a filing to the U.S. Securities and Exchange Commission (SEC), announcing the transfer of its corporate headquarters from Delaware to Texas. This move indicates that Coinbase has joined the ranks of many tech giants in recent years (such as Tesla and SpaceX under Musk) in leaving Delaware. Coinbase stated in its announcement: "We have selected Texas instead because Texas has become a center for innovative companies. It is a pity that this has happened, but Delaware has left us with no alternative." Delaware has long been the preferred state for U.S. company incorporation, with more than 60% of Fortune 500 companies registered there. In January 2024, a Delaware judge, Kathaleen McCormick, rejected Musk's Tesla compensation plan (initially valued at approximately $56 billion and later adjusted to $1 trillion), deeming it unfair to shareholders. This case set off a chain reaction, with Musk openly criticizing the Delaware judicial environment as "unpredictable."
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SBI Holdings' B2C2 Designates Solana as Primary Network for Institutional Stablecoin Settlement

April 1st (The Block) — Cryptocurrency liquidity provider B2C2 has designated Solana as its core network for stablecoin settlement with institutional clients, routing and settling large-scale stablecoin trades primarily via the blockchain. The firm will support stablecoins including USDC, USDT, PYUSD, USDG, USD1, EURC, and FDUSD on Solana. Founded in 2015, B2C2 is a pure institutional liquidity provider whose clients include Standard Chartered Bank, Anchorage Digital, and Bitget. Robinhood previously disclosed in SEC filings that B2C2 is one of its two main crypto market makers. Solana’s position in the stablecoin sector continues to strengthen: its stablecoin trading volume hit $650 billion in February this year, doubling the prior monthly record; its stablecoin market cap roughly doubled in 2025, rising from ~$5 billion to ~$15 billion. Visa, Mastercard, PayPal, Western Union, and Worldpay have all integrated Solana. However, Solana’s stablecoin market cap still lags far behind

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QQ Native Integration with OpenClaw Official Platform

On April 1, QQ announced its official native integration with OpenClaw’s official platform, making it the first social platform in China to be officially natively integrated with the platform. (Golden Ten)

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A whale initiated a 50x leveraged intraday short position on the S&P 500, with only 0.26% remaining until liquidation.

On April 1, HyperInsight monitoring data shows: An address starting with 0x704 opened a 50x-leveraged short position on the S&P 500 early this morning. The position has an average entry price of $6,512 and a liquidation price of $6,578 — it’s currently just ~0.26% away from liquidation, with a floating loss of 53%. Additionally, among multi-million-dollar long positions on Hyperliquid, the one closest to liquidation belongs to a whale address starting with 0x965. This whale holds a $17.2 million position, with an average entry price of $6,532 and a liquidation price of $6,451.

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Hyperliquid March Revenue $61.4M, Down 10.6% YoY

April 1st: DefiLlama data reveals Hyperliquid’s March revenue hit $61.4 million, a slight dip from February’s $62.02 million and a 10.6% year-on-year drop from March 2025’s $68.73 million.

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A whale opened a $4.35 million USD BTC long position, planning to take profit at $69,178 USD

On April 1, per data from HyperInsight monitoring, a wallet address starting with 0x9bb has opened a new BTC long position at 37x leverage. The average entry price is $68,522, with a position size of $4.35 million. The position currently holds a small floating profit of ~$8,400 (+6%), and the address has set a take-profit order at $69,178.

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Iranian Senior Official Warns Trump: The Strait of Hormuz Will Definitely Reopen, But Not to the United States

April 1st – Per BBC and Russia Today (RT), Ibrahim Azizi, head of Iran’s Parliamentary National Security and Foreign Policy Committee, issued a statement targeting U.S. President Trump on April 1, saying the Strait of Hormuz will definitely reopen—but not to the U.S. Azizi posted on social media platform X the same day: “Trump has finally realized his ‘regime change’ dream—just in the region’s maritime order! The Strait of Hormuz will definitely reopen, but not to you (the U.S.); it will only be open to countries that comply with Iran’s new laws.” He added the 47-year “hospitality” era is gone for good. BBC noted Azizi was referring to the period since the 1979 Islamic Revolution. (Global Times)

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