24H Hot Tokens and Key News | Polymarket to Launch Perpetual Contracts; KelpDAO Attacker Transfers 507,000 ETH to New Address (April 22)
- Core Viewpoint: The cryptocurrency market exhibits multi-dimensional dynamics. Mainstream tokens are actively traded with relatively flat price fluctuations, while regulatory actions, project developments, and industry leader insights collectively outline the key opportunities and challenges currently facing the market.
- Key Elements:
- Divergent Market Performance: The 24-hour price changes of mainstream tokens mostly fluctuate within a narrow range of ±1%, while tokens like MET and CORE show significant gains, indicating market focus is concentrated on specific sectors.
- Intensifying Regulatory Pressure: The New York Attorney General has sued Coinbase and Gemini, alleging their prediction markets constitute illegal gambling and seeking substantial fines; the Philippine SEC has also issued stern warnings against unregistered platforms like dYdX.
- Security and Compliance Progress: Mastercard joins the Blockchain Security Standards Council; the UK unveils a plan to bring stablecoins and tokenized deposits under a unified payment regulatory framework.
- Project Risks and Responses: Aave's lifting of the WETH market freeze is criticized for potentially increasing liquidity risks for ordinary users; Arbitrum's seizure of hacker funds is expected to significantly reduce Aave's bad debt on that network.
- Industry Leader Focus: Vitalik Buterin suggests exploring new directions by combining hardware and open-source AI; multiple experts point out the unsustainability of high yields in DeFi and predict that retail capital may flow back, becoming a new market driver.
1. Hot Tokens on CEXs
Top 10 CEX Trading Volume and 24-hour Price Changes:
- BTC: -0.74%
- ETH: +0.10%
- SOL: +0.89%
- XRP: +0.29%
- DOGE: -0.35%
- BNB: +0.18%
- TRX: +1.25%
- AAVE: -0.25%
- ZEC: +0.40%
- LINK: +0.96%
24-Hour Top Gainers (Data Source: OKX):
- MET: +34.60%
- CORE: +15.76%
- SENT: +6.91%
- KITE: +6.66%
- DASH: +6.13%
- JTO: +5.28%
- SPK: +5.04%
- STRK: +5.02%
- LATER: +4.98%
- OMI: +4.56%
24-Hour Top Gainers - Tokenized Stocks (Data Source: msx.com):
- FFAI.M: 68.82%
- VELO.M: 31.96%
- POET.M: 26.54%
- SWMR.M: 11.88%
- VVPR.M: 11.23%
- ALAB.M: 10.99%
- QNTM.M: 10.61%
- YSS.M: 9.94%
- AVAV.M: 9.18%
- SATL.M: 7.77%
2. Trending On-Chain Memes (Data Source: GMGN):
- ASTEROID
Top Headlines
Polymarket Teases Launch of Perpetual Contracts Feature
Polymarket announced that it will launch a Perpetual Contracts (Perps) feature, allowing users to participate in prediction market trading with leverage on the platform in the future. Early access registration is now open.
KelpDAO Attacker Transfers 50,700 ETH to New Addresses, Worth Approximately $118 Million
According to monitoring by crypto analyst Ai Yi @ai_9684xtpa, the KelpDAO attacker has transferred 50,700 ETH to 2 new addresses, worth approximately $118 million.
Trump Announces Extension of Ceasefire with Iran
On the afternoon of April 21 local time, US President Trump posted on "Truth Social" stating that, at the request of Pakistan's Chief of Army Staff and Prime Minister, the US will temporarily suspend military strikes against Iran, extend the ceasefire period, and demand that Iran first present a unified negotiation proposal. During this period, the US military will continue its maritime blockade against Iran while maintaining a state of military readiness. He stated that the ceasefire will last until Iran submits a proposal and completes negotiations, "regardless of the outcome."
Industry News
Mastercard Joins Blockchain Security Standards Council
Payment giant Mastercard has joined the Blockchain Security Standards Council (BSSC), a non-profit alliance dedicated to developing and maintaining blockchain security standards. Other members include Figment, Coinbase, Fireblocks, Anchorage Digital, etc. It is reported that Mastercard also plans to actively participate in the BSSC's Security and Privacy Working Group, contributing technical guidance and operational experience.
Letitia James has filed lawsuits against Coinbase and Gemini, alleging that they provide "disguised gambling" services through prediction market platforms, violating New York state law. Regulators believe that such trading based on event outcomes (e.g., sports, elections) is essentially gambling activity, particularly questioning the allowance of participation by users aged 18 to 21, while New York law sets the minimum age for sports betting at 21. Prosecutors are seeking substantial fines and disgorgement of profits, demanding at least $2.2 billion from Coinbase and at least $1.2 billion from Gemini.
UK Unveils Regulatory Integration Plan for Stablecoin and Tokenized Deposit Payments
The UK Treasury announced a regulatory plan during London Fintech Week, aiming to bring stablecoins and tokenized deposits under a unified regulatory framework alongside traditional payment services.
The plan proposes regulating payment-oriented stablecoins under an upcoming issuance regime, while expanding the Financial Conduct Authority's (FCA) regulatory scope over open banking, and exploring regulatory adjustments for payment activities executed by AI agents. The plan also suggests reducing administrative requirements for businesses offering stablecoin payment services through new legislation.
Project News
ether.fi: weETH Cross-Chain Bridge Based on LayerZero Now Restored and Live
ether.fi posted on X that the weETH cross-chain bridge based on LayerZero is now restored and live on all chains, with liquidity minting and redemption functions also enabled. Regarding security, the ether.fi team has increased the number of DVNs (Decentralized Verifier Networks) from 2 to 4 and implemented stricter rate-limiting mechanisms to further enhance system security.
KALSHI to Launch Perpetual Futures Cryptocurrency Trading
KALSHI will launch perpetual futures cryptocurrency trading.
AI16Z and ELIZAOS Creators Face Class Action Lawsuit Over False Advertising and Unjust Enrichment
Crypto law firm Burwick Law has filed a federal class action lawsuit in the Southern District of New York against defendants including AI16Z and ELIZAOS creator Walters, alleging violations of consumer protection laws, false advertising, and unjust enrichment. Legal documents indicate the defendants are accused of leveraging the brand reputation of Andreessen Horowitz to package the project, launching the AI16Z token on Solana on October 24, 2024, later renamed ELIZAOS.
Philippines SEC Warns Platforms Like dYdX Are Unlicensed, Promoters May Face Criminal Liability
The Philippines Securities and Exchange Commission (SEC) issued an investor warning stating that platforms including dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium are not registered locally nor have obtained relevant licenses as crypto asset service providers. The SEC stated that individuals promoting the aforementioned platforms within the Philippines may face criminal liability, with penalties of up to 5 million Philippine pesos or a maximum of 21 years imprisonment.
Investments & Financing
SpaceX Announces Right to Acquire AI Programming Startup Cursor for $60 Billion
SpaceX posted on X that it has reached a cooperation intent with AI programming startup Cursor, granting SpaceX the right to acquire it later this year for $60 billion, or to pay $10 billion to advance their collaboration. Cursor is a rapidly growing AI startup focused on developing code-writing software.
Digital Bank Revolut's IPO Valuation Could Reach Up to $200 Billion
According to sources, UK digital bank Revolut plans to seek a valuation between $150 billion and $200 billion in its upcoming IPO, a significant increase from its previous $75 billion valuation. The company's CEO, Nik Storonsky, also revealed that Revolut is preparing for a new round of secondary share sale in the second half of 2026, with a potential valuation exceeding $100 billion.
Voices & Opinions
Spark Strategy Lead MonetSupply posted on X that Aave has decided to unfreeze the Ethereum Core WETH market. Under the current interest rate model, LST/LRT holders can execute high-leverage looping strategies using assets like weETH, leveraging conditions such as weETH's market price discount of approximately 0.5% and Aave's ETH borrowing rate cap of 5.15% to achieve an annualized yield space of around 45%. Currently, the aEthWETH market utilization has reached 100%, making it more difficult for ordinary depositors and stablecoin borrowers to exit or refinance from aWETH. MonetSupply pointed out that this decision, without addressing the aEthWETH liquidity crunch, provides profit opportunities for arbitrageurs while weakening the liquidity and experience for ordinary users.
The opening ceremony for the ETH HK Hub (Hong Kong Ethereum Community Hub), supported by the Ethereum Foundation, was held today in West Kowloon, Hong Kong. Ethereum co-founder Vitalik Buterin and Ethereum Foundation President Aya Miyaguchi attended and participated in a fireside chat with Hong Kong Legislative Council member Kenneth Lau.
In his keynote speech, Vitalik suggested that Chinese builders return to Ethereum's core philosophy, fully utilize hardware advantages, open-source AI talent, and ZK technology to explore new cross-disciplinary ventures.
Yi Lihua: The Key to the Crypto Industry Lies in Direction, Timing, and Risk Management
Liquid Capital founder Yi Lihua summarized his experience since entering the crypto industry in 2015, stating that industry development should focus on direction selection, entry timing, and risk management. He pointed out that choosing the right track (e.g., exchanges) is particularly crucial, and entering during bear markets helps build long-term confidence. He also emphasized avoiding high-risk contract trading, focusing on partner selection, maintaining physical and mental health, and continuously learning about new technologies and opportunities.
DefiLlama founder 0xngmi posted on X, stating that after checking the data, if Arbitrum prioritizes using the seized funds for the AAVE market on Arbitrum, with all rsETH sharing the impairment, Aave on Arbitrum would have no bad debt at all; under the scenario of only guaranteeing the value of mainnet rsETH (disregarding the value of the mapped rsETH on Layer 2), Aave's bad debt on Arbitrum would decrease by 80%, from $88 million to $17 million.
DWF Labs Partner: No Risk-Free Yield Exists in DeFi, High Yields Are Difficult to Sustain Long-Term
DWF Labs partner Andrei Grachev stated that the current DeFi market situation shows there is no truly risk-free yield. DeFi holds value in improving transaction efficiency, but high yields typically rely on factors like airdrops, looping borrows, and incentive subsidies, making them difficult to sustain long-term.
Tom Lee: Retail Investors Will Return to the Market, Becoming the Main Driver of This Rally
Tom Lee stated in an interview with CNBC today that retail investors will become the primary fuel for the next wave of gains. He believes many retail investors missed the rebound during the previous sell-off related to the US-Iran war, and now as panic subsides, they will re-enter the market, providing significant buying power. Therefore, with the trend of retail capital returning and continued corporate earnings growth, investors may experience "one of the best periods of their lives" over the next 18-24 months.
