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▌OpenAI will release a large number of new products this week
OpenAI founder and CEO Ultraman Sam, posted on social platforms that in the next week, there will be many exciting products, starting tomorrow (i.e. Tuesday, Beijing time).
▌Trump: Focusing on semiconductors and the entire electronic supply chain
Trump said on social media: No one can "escape" because of the unfair trade deficit and non-monetary tariff barriers against us. No "tariff exemption" was announced on Friday. They are simply classified into different tariff "categories". Fake news media know this, but refuse to report it truthfully. In the upcoming safety tariff investigation, we are focusing on semiconductors and the entire electronics supply chain. We have to make products locally in the United States. The golden age of the United States is approaching, including the upcoming tax cuts and regulatory cuts, a considerable number of which have been approved by the House and Senate, which will mean more, more paid jobs in our manufacturing products.
Trending as of press time, according to Coingecko data, BTC's latest transaction price is US$83,929.98, with a daily increase and fall of -1.7%;
ETH's latest transaction price is US$1,604.01, with a daily increase and fall of -2.5%;
BNB's latest transaction price is US$584.41, with a daily increase and fall of -2.0%;
SOL's latest transaction price is US$129.08, with a daily increase and fall of -2.7%;
DOGE's latest transaction price is US$0.1636, with a daily increase and fall of -2.4%;
XPR's latest transaction price is US$2.13, with a daily increase and fall of -1.8%.
▌A NFT trader may face imprisonment for concealing $13 million in CryptoPunk profits when filing taxes
The U.S. Attorney's Office of the Central District of Pennsylvania disclosed that NFT trader Waylon Wilcox pleaded guilty to two charges of filing false personal income tax returns. The trader sold 62 CryptoPunk NFTs in 2021, making about $7.4 million in profits, and then sold another 35 CryptoPunk NFTs in 2022, making $4.9 million. However, Waylon Wilco filed a false personal income tax return for the 2021 tax year in April 2022, underreporting approximately $8.5 million in income tax and approximately $2.1 million in tax payable; in October 2023, underreporting approximately $4.6 million in income tax and nearly $1.1 million in tax payable. According to the UnionAccording to state law, the maximum penalty for these crimes is a total of six years in prison, and the imprisonment requires periods of supervision and a fine.
Blockchain application
▌Jupiter Lianchuang: A large number of products will be launched in the next few months
Jupiter Lianchuang Meow posted on the X platform that it experienced extremely high challenges in the first quarter, but also gained very clear lessons. In the coming months, we will launch a large number of products, governance concepts, experimental metadata, thought fragments and new technical concepts.
Cryptocurrency
▌MANTRA: The token OM plunge was triggered by reckless liquidation and had nothing to do with the project itself
The OM token of MANTRA, the Layer 1 blockchain project focused on RWA, fell about 10% between 01:20 and 02:20 am today, and then suddenly plummeted from $5.21 at the time to about $0.50 at the moment (as of press release), and plummeted 90% in just 90 minutes. Before the project's public-facing Telegram group was inaccessible, community head Dustin McDaniel downplayed the team's sell-off allegations, saying it was unaware of the situation. At 04:51 a.m., MANTRA's X account updated, saying that the plunge was triggered by reckless liquidation and had nothing to do with the project itself. Co-founder John Patrick Mullin mentioned that a large OM investor was forced to liquidate CEX on a large scale and said it was dealing with it. Previously, MANTRA was accused of controlling a large proportion of the token's supply in circulation and trying to manipulate the price of the token. In response, Mullin responded: "OM tokens have been in circulation since August 2020, which has been in the crypto field longer than most doubters."
Some investors pointed out that DeFiLlama data shows that MANTRA protocol TVL is only about $13 million, while its tokens are fully diluted and valuation is as high as $9.5 billion, which may be a risk signal. In addition, Insomniac, head of governance at Castle Labs, found that three wallets recently transferred millions of dollars of OM tokens to OKX and Binance. One of the wallets received about $36 million of OM tokens from Binance on March 21, and transferred about 4.3 million tokens to OKX on Saturday, suggesting a possible sell-off.
▌The market maker's algorithm abnormally pushes up BTCDOM perpetual contract by 20% due to OM flash crash.
An unknown market maker has an algorithm error after the OM (Mantra) flash crash, accidentally lifting the BTCDOM (Bitcoin Market Value Index) perpetual contract on the Binance platform by 20%.
The BTCDOM index components include Binance and Binance Futures' top 20 cryptocurrencies in market value. Excluding BTC and stablecoins, the OM weight is only about 5%. This abnormal fluctuation is suspected to be due to market makers' error in judging the OM priceThe violent fluctuations are caused by changes in the market structure, and they accidentally touch strategic buying operations.
▌Gold ETF inflows hit three-year highs, with PAXG and XAUT outperforming the broader cryptocurrency market
As the traditional gold market heats up, cryptocurrency investors have followed suit and turned to invest in tokenized versions of this precious metal, which both provide price exposure and digital flexibility. The cryptocurrencies supported by gold such as Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively this year, hitting new highs of more than $3,300, roughly the same as spot gold. Subsequently, their prices fell slightly to $3265 and $3244 respectively.
While gold-backed cryptocurrencies have risen sharply so far this year, the broader crypto market is on a downward trend. Bitcoin has fallen more than 11% so far this year, while the overall cryptocurrency market has fallen a little more than 30%. These tokens, backed by physical gold and tracked their prices, soared as investors seek to avoid uncertainty arising from the escalation of the Sino-US trade war. This move reflects the broader return of gold as a safe-haven asset.
According to RWA.xyz data, gold ETF inflows reached 226.5 tons in the first quarter of 2025, the highest level since the beginning of 2022, with nearly 60% of demand coming from North America. Gold-backed cryptocurrencies netted more than $42.7 million in tokens in the first quarter of this year, along with the rise in gold prices, pushing its total market capitalization to nearly $1.4 billion.
▌ETH market share fell to 7.07%
Data shows that the current total market value of cryptocurrencies is currently US$2.782 trillion, a 24-hour decline of 1.9%, and a 24-hour transaction volume of US$78.907 billion. Currently, BTC market share is 60.4%, and ETH market share is 7.07%.
▌Ethereum liquidity re-staking protocol TVL fell to around US$6.5 billion
DefiLlama data shows that Ethereum liquidity re-staking protocol TVL is currently US$6.543 billion, of which the top five protocols in TVL are:
-ether.fi TVL is US$4.164 billion, a 7-day decline of 11.07%;
-Kelp TVL is US$893 million, a 7-day decline of 10.22%;
-Renzo TVL is US$487 million, a 7-day decline of 7.08%;
-Mantle Restaking TVL is US$388 million, a 7-day decline of 9.11%;
-Mellow LRT TVL is US$196 million, with a 7-day increase of 10.90%;
▌Solana blockchain TVL is currently US$6.942 billion
According toCoinGecko's latest data shows that the current total locked value of Solana blockchain (TVL) is US$6,942,781,073, an increase of 0.2% in 24 hours; the 24-hour transaction volume is US$2,295,163,149, an increase of 0.4%.
Important Economic Dynamics
▌Bridgewater Founder Dalio: Trump's trade war has brought the United States "near the brink of recession"
Ray Dalio, founder of one of the world's largest hedge funds, said on Sunday that the trade war initiated by US President Trump has brought the United States closer to recession. "I think we are at a critical decision point right now and are very close to recession," Dalio said, "that's extremely destructive" and the impact of tariffs is "like throwing stones into the production system." He also expressed concerns about the possible combined impact of U.S. debt, U.S. budget deficit and global tensions.
Golden Encyclopedia
▌What is compression NFT?
Compressed NFT is a non-fungible token (NFT) designed to reduce the cost of storing and using NFTs for transactions on the Solana blockchain. Compressed NFTs provide several prominent key advantages in the blockchain ecosystem. They are affordable, greatly reducing minting and storage costs, allowing creators and businesses to use blockchain technology without financial obstacles. Furthermore, cNFT contributes to more environmentally friendly blockchain practices by reducing storage requirements and thus reducing energy use. These properties make cNFT a potential game changer for scalable, environmentally friendly and innovative applications.
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.
