Eugene: Shitcoin is Pointing the Way Forward for the Market

**Renaiss Protocol Tops $10M Trading Volume on BNB Chain** April 28th, 2025 – BNB Chain-based collectibles liquidity platform Renaiss Protocol has topped $10 million in total trading volume. Launched in beta in November 2025 with Trading Card Game (TCG) cards as its first use case, the platform hit this milestone in just 5 months. Over the past 30 days, Renaiss has seen a trading volume increase of more than $5.68 million, posting a monthly growth rate of approximately 131.5%. In terms of trading structure, the platform’s volume is primarily driven by on-chain pack openings and secondary market transactions. Pack-related trades remain the core entry point for activity, while secondary market volume has reached $2 million (accounting for ~23% of total volume) — a sign that a secondary circulation and liquidity cycle for physical collectibles has formed on the platform. At the underlying mechanism level, Renaiss focuses on "third-party verifiable custody" via its proprietary

April 28 – International oil prices rallied sharply on Tuesday (April 28), with WTI crude’s intraday gain widening to 2.00% and last trading at $98.52 per barrel. Brent crude gained more than 2.00% intraday, currently at $103.90 per barrel, per data from Bitget. ### Notes on U.S. English adaptation: 1. **Date clarity**: Added "on Tuesday" (common in U.S. financial briefs to anchor the date) 2. **Verbs**: Used "rallied sharply" (more natural for U.S. market reporting than "surged rapidly") and "widening" (standard for tracking expanding gains) 3. **Tone**: Concise, active voice (matches U.S. news wire style) 4. **Attribution**: Placed "per data from Bitget" at the end (typical for U.S. financial briefs to prioritize key price info first) 5. **Pricing**: Used "last trading at" (common for real-time/intraday updates) and "currently at" (consistent with intraday context)

Per X Data, the official Monad Twitter account has been frozen as of April 28. There is currently no official explanation for the freeze, and neither the Monad team nor X has issued a formal statement. Notably, X has recently conducted a large-scale cleanup in the Crypto/Web3 space targeting bot activity, spam, automated behavior, or inauthentic accounts. Many accounts have been impacted, including those of some memecoin projects and tool-focused accounts.

Bitcoin Falls Below $77k on April 28, CoinGlass Data Shows; Bearish Sentiment Persists in Funding Rates As of April 28, Bitcoin has dropped below $77,000, per data from Coinglass. Current funding rates across major centralized (CEXs) and decentralized (DEXs) exchanges signal an overwhelmingly bearish market outlook. A BlockBeats note clarifies: Funding rates are fees set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. This mechanism facilitates fund exchanges between long and short traders—exchanges do not collect the fee themselves. It adjusts the cost or profit of position holders to keep contract prices close to the underlying asset’s value. Key funding rate benchmarks: - 0.01% = benchmark rate - Above 0.01% = bullish sentiment - Below 0.005% = bearish sentiment (Note: The attached image includes specific funding rate figures.)

April 28th — Per GMGN monitoring data, the Solana meme coin **SCAM** surged 40% in one hour, briefly topping $20 million to hit a new all-time high (ATH). It has since retraced to $15 million, with 24-hour trading volume reaching $37.6 million. On the news front: The Musk vs. OpenAI case has wrapped up jury selection and is set to kick off its official trial this Tuesday local time (9:00 AM ET / 12:00 AM UTC+8 on April 29 Beijing time). Outside the courthouse, Musk took to X (formerly Twitter) multiple times today—tweeting and commenting—to dub OpenAI CEO Sam Altman “Scam Altman.” In the past hour, he also replied to tweets with negative remarks about Altman. BlockBeats reminds users: Meme coin trading is extremely volatile, heavily tied to market sentiment and meme-driven hype, with no real value or use case. Investors should be aware of the risks.

April 28 — Binance Leverage will delist the following leverage trading pairs on May 1, 2026, at 2:00 PM UTC+8, per an official announcement: Isolated Margin Trading Pairs: TRX/ETH, LINK/ETH, WLD/BTC, HBAR/BTC, DOT/BTC; Cross Margin Trading Pairs: TRX/ETH, LINK/ETH, WLD/BTC, HBAR/BTC, DOT/BTC.