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Mantle to launch Mantle Banking and Mantle Index Fund (MI4) in Q2

Apr 03, 202516486 Views

Apr 03, 2025

Mantle officially announced that it will launch its flagship products Mantle Banking and Mantle Index Fund (MI4) in Q2. Mantle Index Fund Mantle Index Four (MI4) is referred to as the "S&P 500 of cryptocurrencies" and is an institutional tokenized index fund built in partnership with Securitize. The portfolio currently includes BTC (50%), ETH (26.5%), SOL (8.5%), stablecoins (15%), and provides enhanced staking returns (mETH, bbSOL, sUSDe).

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Data: First Digital Labs has destroyed 87 million FDUSD in the past 24 hours

Apr 03, 20256522 Views

Apr 03, 2025

according to PeckShield monitoring, First Digital Labs destroyed a total of 87 million FDUSD in the past 24 hours. This includes about 49 million FDUSD transferred from an address related to Wintermute to First Digital Labs, and then these funds were destroyed.

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The current total circulation of FDUSD is about 2.449 billion, mainly circulated on Ethereum

Apr 03, 202514728 Views

Apr 03, 2025

according to the official website data of FDUSD issuer, the current total circulation of FDUSD is about 2.449 billion coins, mainly circulating on Ethereum, with a circulation of 2.072 billion coins. In addition, FDUSD is also circulating on Solana, BSC, and Sui networks.

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FDUSD Stablecoin Depegged Amid Insolvency Claims

Apr 03, 202517820 Views

Apr 03, 2025

The First Digital US-dollar pegged stablecoin (FDUSD) lost its peg on April 2 after Justin Sun, the founder of Tron network, claimed that the issuer, First Digital, is insolvent. In response, First Digital reassured users that they are solvent and clarified that the dispute is with TrueUSD (TUSD), another stablecoin. They emphasized that every dollar backing FDUSD is secure and accounted for with US-backed Treasury Bills, with detailed ISIN numbers provided in their attestation report. First Digital also mentioned their intention to take legal action against Sun for his claims on social media. FDUSD's peg to the dollar was affected by online allegations. Source: CoinMarketCap. This is a developing story, and updates will be provided as more information becomes available.

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Justin Sun: When I said that First Digital Trust had gone bankrupt, I was stating a fact

Apr 03, 202513594 Views

Apr 03, 2025

Justin Sun once again posted on social media, stating that First Digital Trust (FDT) has gone bankrupt, stating a fact without any emotional color. If you have any relationship with them, please cut it off as soon as possible to protect your assets. As for what consequences the founder Vincent Chok will face for his fraudulent behavior, this will be determined by the judicial system and regulatory agencies. Note: Vincent Chok, founder and CEO of First Digital Trust (FDT), is responding to questions in an AMA, clarifying and explaining almost all questions, and currently both sides are basically 'each holding their own views'.

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Justin Sun: I don’t recommend anyone to over-interpret my words, especially about my closest partners.

Apr 03, 202518760 Views

Apr 03, 2025

Justin Sun posted on social media, saying: "I do not recommend anyone to overinterpret my words, especially about my closest partners. I trust them - our trust has been built over the past decade through long-term cooperation worth billions of dollars. I firmly believe that this trust remains steadfast and unbreakable."

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Overtime Sportsbook Platform Integrates Thales Protocol, Launches $OVER Token

Apr 03, 202510627 Views

Apr 03, 2025

Willemstad, Curaçao, April 2nd, 2025 - ChainwireOvertime, a sportsbook platform operating on the blockchain, has officially integrated its parent protocol, Thales, into the Overtime brand. This merger establishes a cohesive identity for the protocol and coincides with the introduction of a new native token, $OVER. The project has also unveiled a new main domain and implemented complete Account Abstraction integration to improve user experience. Overtime, which operates on the Ethereum network, emphasizes transparency, security, and immutability, providing features similar to traditional offchain platforms. With over $200 million in volumes, support for over 100 sports and leagues, 50,000 active users, and more than 10,000 unique betting markets, the platform can be accessed at https://www.overtime.io/.

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Trump to Announce Reciprocal Tariffs Today

Apr 03, 202513511 Views

Apr 03, 2025

As per the plan, the United States will implement reciprocal tariffs on any country that imposes tariffs on the U.S., such as China, Canada, and Mexico. The announcement, set for today, is anticipated to have broad impacts on global markets and the cryptocurrency industry. White House spokeswoman Karoline Leavitt confirmed that the tariffs will take effect immediately after the announcement, marking April 2, 2025, as a significant day in American history. President Trump's speech at 16:00 local time is expected to cause significant market reactions, particularly in the cryptocurrency sector. Analysts from K33 Research, including Vetle Lunde and David Zimmerman, predict that the tariff announcements will result in high market volatility, with Bitcoin's price likely to range between $75,000 and $88,000 throughout April. Given the uncertainty surrounding tariffs, experts recommend exercising caution when investing in cryptocurrencies and suggest limiting exposure to Bitcoin and other digital assets until the situation becomes clearer.

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Pump.fun Launches Lending Platform for Buying Memecoins and NFTs

Apr 03, 202518859 Views

Apr 03, 2025

Pump.fun is set to launch a lending platform that will allow users to purchase memecoins and non-fungible tokens (NFTs) using borrowed cryptocurrency, as announced by the Solana-based memecoin launchpad. The onchain lending protocol, named Pump.Fi, offers immediate financing for any digital asset, with borrowers required to pay one-third upfront and the remainder over a 60-day period. Pump.Fi will also establish a marketplace for lenders to acquire debt, although it is unclear how the protocol, which does not conduct credit checks, plans to ensure repayment of undercollateralized onchain loans. This move by Pump.fun comes amidst a competitive market, with the platform facing a decline in memecoin trading activity on Solana following various scandals, prompting the introduction of onchain lending to attract more liquidity into the market. Additionally, Pump.fun has expanded its offerings to stay ahead of competitors like Raydium, Daos.fun, GoFundMeme, and Pumpkin, all vying for a portion of Solana's memecoin market share.

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South African Revenue Service: Cryptocurrency asset trading participants must register compulsorily, otherwise they will be considered illegal

Apr 03, 202516050 Views

Apr 03, 2025

South African Revenue Service is strengthening its regulation of participants in cryptocurrency trading. Edward Kieswetter, Commissioner of the South African Revenue Service, stated that the agency requires all taxpayers, exchanges, and other intermediaries involved in cryptocurrency trading to register with the tax department, otherwise they will be considered illegal. Once registered, the tax department will be able to track their business activities.

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