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▌Trump Media Group plans to cooperate with Crypto.com to launch ETFs
Trump Media and Technology Group (TMTG) announced that it has reached a preliminary cooperation intention with crypto trading platform Crypto.com, and plans to jointly launch a series of ETFs and related products through its financial technology brand Truth.Fi, which is expected to be officially launched in 2025, and a final agreement and regulatory approval are still required.
The new fund will be technically supported and custody of crypto assets by Crypto.com, covering cryptocurrencies such as Bitcoin and Cronos. It will also include securities assets related to the ‘Made in the United States’ theme, covering multiple industries such as energy. TMTG plans to use up to $250 million in its own funds to participate in the investment, which is escrowed by Charles Schwab.
▌Trump: It may reduce and exempt tariffs from many countries
U.S. President Trump said on the 24th local time that he will announce additional tariffs on cars, wood and chips in the next few days. Trump also said that tariff reductions and exemptions from multiple countries were possible. Since Trump entered the White House in January this year, the United States has frequently wielded the "big stick" of tariffs against its major trading partners, which has led to relevant countermeasures to safeguard its own interests.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$87,309.87, with an intraday rise and fall of +1.3%;
ETH's latest transaction price is US$2,083.86, with an intraday rise and fall of +4.1%;
BNB's latest transaction price is US$639.18, with an intraday rise and fall of +2.0%;
SOL's latest transaction price is US$141.09, with an intraday rise and fall of +6.2%;
DOGE's latest transaction price is US$0.1835, with an intraday rise and fall of +6.1%;
XPR's latest transaction price is US$2.45, with an intraday rise and fall of +0.7%.
▌Coinbase: The case is far from over when the Treasury Department has not promised not to re-sanction Tornado Cash
Coinbase Chief Legal Officer paulgrewal.eth posted on X platform that the U.S. Treasury Department argued that after canceling the Tornado Cash sanctions list, it no longer needs a final judgment. However, the case is far from over when the Treasury Department has not promised not to re-sanction.
Coinbase Chief Legal Officer paulgrewal.eth pointed out: "Power will not voluntarily retreat, but will only struggle until it is powerless to turn the world back." The Ministry of Finance filed another complaint against Tornado Cash before getting off work on Friday, and despite reluctance to cancel the sanctions list, it claimed that the final court decision was no longer needed - which clearly violated the principles of the law.
▌U.S. Senator Elizabeth Warren questioned Paul Atkins' connection to FTX and Trump's cryptocurrency
U.S. Senator Elizabeth Warren sent a 34-page inquiry letter to SEC chairman nominee Paul Atkins, focusing on its connection to bankrupt crypto trading platform FTX and potential conflicts of interest brought about by Trump's release of Memecoin. Warren pointed out in the letter that Patomak Global Partners, a consulting company founded by Atkins, provided consulting services to FTX in 2022 and has multiple banks, crypto exchanges and DeFi platform clients. He himself also joined the advisory board of the Blockchain Industry Association The Digital Chamber in 2020. Warren questioned whether Atkins’ close relationship with crypto customers would affect its stance on crypto regulation and asked whether it had directly advised former FTX CEO Sam Bankman-Fried. Atkins will attend a nomination hearing on the Senate Banking Committee on Thursday. Patomak Global Partners has not commented on this yet.
Blockchain application
▌OP Labs: A governance-approved upgrade to the proof of failure incident response will be conducted on April 1
OP Labs released a message on X saying that OP Stack Chain operators and users are advised to note: We will conduct a governance-approved upgrade to the proof of failure incident response on April 1. This will trigger a one-time invalidation of all pending withdrawal certificates created on L1.
Please complete all pending withdrawals by April 1 to avoid creating new withdrawal certificates that cannot be executed in a timely manner.
Faith failure to complete any pending withdrawals will not put any ETH or ERC-20 tokens at risk, but the user will need to submit a second proof of withdrawal transaction on L1.
▌Arbitrum DAO plans to withdraw its 225 million ARB game incentive plan, questioning poor project management and insufficient transparency
Arbitrum DAO is considering a proposal to cancel financial support for the Gaming Catalyst Program (GCP) and recover 225 million ARB tokens previously allocated. The proposal pointed out that the plan was approved under overly optimistic market expectations and has now proven unsustainable. One of the main supporters, Treasure DAO, has withdrawn from Arbitrum, and other key contributors have also experienced churn or decreased enthusiasm. In addition, GCP is accused of imperfect use of fundsIdentify issues such as increasing team salary and reducing reporting obligations. The proposal says that the project has not even established basic operations and transparency. GCP committee member David Bolger responded that Arbitrum has become an important gathering place for game projects, attracting more than 25 game-related chains, including Ubisoft, Square Enix, and Tap Nation, to build on its technology stack.
GCP was launched in March 2024 to promote the development of the Web3 gaming ecosystem on Arbitrum, and it was originally scheduled to use most of the funds for game project funding within three years. At present, discussions on community governance are still in progress and no clear consensus has been formed.
Cryptocurrency
▌Dogecoin Foundation has launched the official DOGE reserves, and purchased the first batch of 10 million pieces
Dogecoin Foundation officially launched the "official Dogecoin Reserves" through its newly established commercial entity, and has completed the purchase of the first batch of 10 million pieces of DOGE. The initiative was jointly promoted by the Foundation and House of Doge to demonstrate the feasibility of DOGE as an efficient payment tool. House of Doge said that the reserve is a 'proof of concept' for the implementation of the Dogecoin payment scenario. House of Doge is expected to announce its first batch of strategic partners in the coming months to further promote DOGE's global payment application.
In addition, the Dogecoin Foundation revealed that it is communicating with relevant people in the United States and will explore the introduction of DOGE payment in urban parking and public utility payment scenarios, and plans to promote DOGE wallets and educational activities with the help of large-scale sports events.
▌Santiment: DOGE network activity has dropped to its lowest level since October 2024
According to Santiment data, DOGE network activity has dropped to its lowest level since October 2024, with only about 66 "whale" transactions per day, and the number of active addresses has dropped to less than 60,000.
▌Polymarket launches the Solana network, supporting users to use SOL deposits
Encrypted prediction platform Polymarket announced the official launch of the Solana network, and has begun to support users to use SOL to deposit. Previously, the platform mainly ran on the Polygon network and only supported USDC stablecoins for recharge.
▌DigiFT launches on-chain index funds, and US stocks such as Apple and Tesla have achieved tokenized transactions
Singapore's crypto trading platform DigiFT announced that it will launch the world's first index fund to fully tokenize fund shares and its underlying stocks and trade on-chain, which will only be open to qualified investors and institutional investors in the initial stage. DigiFT and InvestmentHash Global, a fund institution, cooperated to launch two index funds: one tracks leading companies in the field of artificial intelligence (such as Apple, Tesla, and Microsoft), and the other tracks mainstream crypto assets (such as Bitcoin, Ethereum, and Solana). The fund will use smart contracts and stablecoins to achieve subscription and redemption, replacing the roles of traditional brokers, banks and custodians, and realize all-weather trading of assets, transparent on-chain holdings and high liquidity.
▌Analysis: Although ETH fell 57% from its historical high, its market value is still higher than IBM, Disney and Toyota
Although the transaction price is 57% lower than the historical high in 2021, Ethereum's market value remains around US$252 billion, higher than global multinational giants such as Disney and Toyota, and higher than precious metal platinum. Other well-known companies currently below Ethereum’s market value include IBM, McDonald’s, General Electric and Shell. If Ethereum is a company, its market value ranking will rank 50th in the world, second only to Nestlé.
Important Economic Trends
▌The US FBI set up the Tesla Threat Task Force
The US Federal Bureau of Investigation (FBI) said on Monday that it has set up a task force with the US Alcohol, Tobacco, Guns and Explosives Administration to investigate the attacks on Tesla. The announcement came just hours after the bomb disposal team discovered multiple combustion devices in a showroom in Austin, Texas, where Tesla's headquarters is located. Tesla (TSLA.O) has suffered a series of attacks and destruction for its boss Musk's role in Trump. “The increased violence against Tesla has been investigating this, and over the past few days we have taken additional measures to combat, as well as a coordinated response,” FBI Director Cash Patel said on social media platforms. “It’s terrorism,” Patel wrote. "Those responsible persons will be hunted, seized and brought to justice."
▌ECB Regulatory Commission Escriva: The downside risks faced by economic expectations than the upside
ECB Regulatory Commission Escriva said that the downside risks faced by the eurozone economic expectations are greater than the upside risks. “The more destructive scenarios have not become a reality,” the Spanish central bank governor said. “It doesn’t mean there are no surprises. We need to be more prepared than ever to modify our forecasts, so be cautious.” Escriva said: “There are some upside risks, such as fiscal, as long as it can last, but downside risks are more obvious than upside risks.” Escriva said the current environment is “very uncertain” and the United States is the main reason for this.
▌The US dollar index rose 0.16% on the 24th
The US dollar index, which measures the US dollar against major currencies, rose 0.16% on the same day, closing at 104.258 at the end of the foreign exchange market.
Golden Encyclopedia
▌What is the teardrop attack in cryptocurrency?
Teardrop AttackThe way the system reorganizes the fragmented packets by sending overlapping fragments during transmission, and the target system cannot rebuild these fragments correctly, resulting in a denial of service. Furthermore, teardrop attacks can target services related to the blockchain ecosystem, such as wallet providers and cryptocurrency exchanges, rather than the blockchain infrastructure itself. These services rely primarily on continuous communication between users and servers to enable seamless transactions and service availability.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
