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Wu reported that Cantor Equity Partners disclosed that, according to the Business Combination Agreement signed on April 22, 2025, Tether has purchased 4,812.220927 Bitcoins worth $458.7 million, at an average price of $95,319.83. The above Bitcoins will be resold by Tether to Twenty One Capital after the completion of the merger transaction and the delivery of the PIPE investment funds.

According to Wu, the decentralized perpetual futures trading platform Perpl has completed a financing round of $9.25 million led by Dragonfly, with participation from Ergonia, Brevan Howard, Breed VC, L1D, and CMS Holdings. The funds will be used to accelerate the development of.

The Wyoming Stablecoin Committee announced a partnership with Inca Digital to provide Money Laundering monitoring and Risk Management services for the upcoming issuance of the state-supported stablecoin WYST. According to the Wyoming Stablecoin Act passed in 2023, WYST will be fully backed by U.S. Treasury bonds, cash, and repurchase agreements, and is set to officially launch in July 2025. (The Block)

Wu learned that the U.S. Securities and Exchange Commission (SEC) has delayed its decision on the Grayscale Spot SOLANA ETF to allow more time for evaluation.

According to Bloomberg, the Thai Ministry of Finance plans to issue a digital investment Token, G-Token, worth 5 billion baht (approximately 150 million USD) within two months to raise funds for the current budget borrowing plan, but this Token is not a debt instrument. The issuance aims to test market demand and comply with relevant regulations from the Bank of Thailand. It is currently unclear whether G-Token is related to the stablecoin proposed by former Prime Minister Thaksin Shinawatra, which was to be backed by government bonds and issued before January 2025.

Wu learned that VanEck announced the launch of the VanEck Treasury Fund (VBILL), which offers on-chain short-term U.S. Treasury investment products based on the Avalanche, BNB Chain, Ethereum, and Solana networks. The minimum investment threshold is $100,000 for most blockchains, and $1,000,000 on Ethereum. Pricing is updated daily through RedStone Oracle, and the assets are managed by State.

Wu said that according to Le Parisien, a 34-year-old woman suspected to be the daughter of the CEO of a cryptocurrency company was attempted to be kidnapped by three masked men on rue Pache in the 11th arrondissement of Paris. The suspect appeared on the street in a van with a Chronopost logo and tried to forcibly take him away, during which his partner struggled to stop him and was beaten. Witnesses at the scene said a child of about two years old was also present and was suspected to have been irritated by tear gas. Prosecutors in Paris have referred the case to the Gang Crime Unit (BRB), which has also recently dealt with a kidnapping case involving the background of cryptoassets.

On May 12, LetsBonk, based on Raydium-LaunchLab, hit an all-time high with the creation of 12,200 tokens. In Solana Memecoins Launchpad, LetsBonk has a 29% share, with LaunchLab taking a combined 36% market share, compared to Pump Fun's 56.2% share.

The crypto asset management company Galaxy Digital has relocated to the United States and will go public on Nasdaq on May 16. The company reported a net loss of $295 million in Q1 2025, affected by the pullback in the crypto market and the closure of its Mining business. The company holds $908 million in digital asset exposure and $1.1 billion in cash.

The Platform Token PASTERNAK on Believe has risen over 650% in the last 24 hours, with a market capitalization exceeding $1.5 billion at one point. The largest holder CiffG2...vuvCmA spent only $9,074.6 to acquire 2.03%, currently realizing unrealized gains of $2.4 million, with a return rate as high as 26.7k%. After undergoing a brand transformation, PASTERNAK has significantly pumped from a drop to zero state.

QCP analysis indicates that the temporary tariff reduction agreement reached between China and the United States has driven an increase in market risk appetite. Bitcoin and Ethereum stabilized around $103,000 and $2,400, respectively, after a brief pullback. BTC dominance fell below 63%, showing signs of fund rotation, while ETH benefited from the Pectra upgrade and a rebound in Options demand, performing relatively strongly. Overall market Volatility has declined, with BTC's front-end implied Volatility dropping by over 5 points, and the VIX Volatility index falling to 18. QCP states that ETH is expected to become a major allocation asset in the next phase.

BNBChain announced that the BNB AI Hack received over 30 entries. After a thorough selection process, 6 projects were finally chosen as the fourth-level potential winners. They are: Memory-Orb, Tale Forge, GoHacker, TagAI, AGI-Git, and Kingnet AI.

A California judge dismissed the class action lawsuit by British investors against Caitlyn Jenner and Sophia Hutchins, stating that the plaintiffs failed to provide evidence to support their claims under U.S. law. The lawsuit accused Jenner's team of causing investor losses through the issuance of tokens and requested additional evidence by May 23. The incident involves Solana, Ethereum, and the pet coin BBARK, related to trader Sahil Arora.

According to CNBC, Trump stated on Monday morning that even if a long-term agreement cannot be reached after the 90-day suspension period expires, tariffs on China will not return to 145%, but will rise significantly. The U.S. also stated that it will maintain tariffs imposed on certain Chinese products such as steel and aluminum before early April.

According to reports from Guangming.com, Mr. Tang from Shanghai fell victim to a scam after clicking on a phishing link in a "cash on delivery" SMS and filling in his bank card information, resulting in a total loss of over one million yuan. The Pudong police quickly launched an investigation and identified a criminal gang that used "recruitment" as a pretext and registered virtual coin Wallets to assist in Money Laundering. From April 22 to 23, police arrested 11 suspects in Qingpu. The main culprits, Miao and Wang, have been criminally detained, and five others have been subjected to coercive measures for concealing and hiding criminal proceeds. Currently, some funds have been frozen, and the case is still under further investigation.