Daily Report | Binance will list ONDO, BIGTIME, and VIRTUAL and add seed tags; China has raised the tariff rate on imported goods originating from the United States from 84% to 125%
April 11 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Trump signs first cryptocurrency bill, repealing IRS DeFi broker rule
- Vitalik Buterin shares Ethereum L1 simple privacy roadmap
- Grayscale reaches settlement with Osprey over Bitcoin ETF lawsuit
- State Council: Tariff rate on imports originating from the U.S. raised from 84% to 125%
- Binance announces results of second batch of voting for new tokens, to list ONDO, BIGTIME, and VIRTUAL with seed tags
- BlackRock Q1 digital asset business sees net inflow of $3 billion
"What important events occurred in the past 24 hours"
Trump signs first cryptocurrency bill, repealing IRS DeFi broker rule
U.S. President Trump has signed a bill that prevents the IRS from collecting tax data from decentralized cryptocurrency platforms, marking a historic move. This signifies the first time legislation specifically targeting cryptocurrency has become law in the U.S.
The bill was introduced by Republican Senator Ted Cruz (R-TX) under the Congressional Review Act, aiming to repeal the IRS's so-called "DeFi broker rule," which passed the Senate on March 26 with an overwhelming bipartisan vote of 70-28. Just two weeks prior, a similar version led by Congressman Mike Carey (R-OH) also passed with a similar "supermajority." The controversial DeFi broker rule was proposed in the final days of the Biden administration, requiring decentralized crypto entities (such as exchanges without central management) to comply with traditional IRS reporting requirements. Critics argue that this regulation is overly burdensome, potentially stifling innovation and severely hindering the growth of the DeFi industry.
"This regulation would undermine the U.S. leadership in the cryptocurrency space, and I am grateful to President Trump for signing my resolution into law," Cruz told Crypto In America at the signing ceremony on Thursday afternoon. "This resolution is a victory for innovation, privacy, and economic freedom."
Vitalik Buterin shares Ethereum L1 simple privacy roadmap
Ethereum co-founder Vitalik Buterin shared a simple privacy roadmap for Ethereum L1. It includes ideas for significantly improving user privacy on Ethereum without changing its consensus, focusing on four types of privacy: on-chain payment privacy, partial anonymization of on-chain activities within applications, on-chain reading privacy, and network anonymity. Solutions include integrating privacy tools like Railgun into wallets, defaulting to "one address per application," implementing FOCIL and EIP-7701, and using TEE and PIR technologies to protect RPC privacy, aimed at enhancing user privacy and reducing metadata leakage.
Grayscale reaches settlement with Osprey over Bitcoin ETF lawsuit
Digital asset management firm Grayscale has reached a settlement with Osprey regarding legal disputes over the marketing practices surrounding the Bitcoin Trust ETF.
Court documents indicate that both parties must complete and execute the settlement agreement within the next 45 days. The case originated from Osprey's lawsuit against Grayscale in early 2023 for "misleading advertising" during the promotion of GBTC's conversion to an ETF, which Grayscale received SEC approval for in 2024. Previously, the court ruled in favor of Grayscale in February 2025, stating that the Connecticut Unfair Trade Practices Act cited by Osprey does not apply to securities cases. Details of the settlement have not been disclosed, and neither party has provided an official response.
State Council: Tariff rate on imports originating from the U.S. raised from 84% to 125%
The State Council's Tariff Commission announced an adjustment to the tariff measures on imports originating from the U.S., effective April 12, 2025, raising the tariff rate specified in the announcement from 84% to 125%. Other matters will be executed according to the announcement on tariff measures against imports originating from the U.S. (Tariff Commission Announcement No. 4 of 2025).
According to the official announcement, based on the voting results and due diligence, Binance will list Ondo (ONDO), Big Time (BIGTIME), and Virtuals Protocol (VIRTUAL) on April 11, 2025, at 22:00 (UTC+8) and open the following spot trading pairs: ONDO/USDT, ONDO/USDC, BIGTIME/USDT, BIGTIME/USDC, VIRTUAL/USDT, VIRTUAL/USDC.
BlackRock Q1 digital asset business sees net inflow of $3 billion
According to Cointelegraph, the world's largest asset management company, BlackRock, released its Q1 2025 financial report. The data shows that the total net inflow for BlackRock's exchange-traded fund (ETF) products in this quarter was $107 billion, with net inflow of $3 billion for digital asset products, accounting for 2.8% of total ETF inflows.
Reports indicate that as of the end of March 2025, BlackRock's digital asset management scale reached $50.3 billion, approximately 0.5% of its total asset management scale of $11.6 trillion.
"What interesting articles are worth reading in the past 24 hours"
The rebound ends, is the next good news Trump firing Powell?
The market is watching whether Trump will fire Federal Reserve Chairman Powell to save the market, but legal, procedural, and economic implications make this move fraught with uncertainty.
Opinion: Why should we be optimistic about the mid-to-long-term trend of the crypto market?
It is expected that the Federal Reserve will cut interest rates before June, followed by a rebound in the U.S. stock market and the crypto market.
Decentralized version of Discord? Can Towns, backed by a16z, break the on-chain social curse?
Towns has a total token supply of 10 billion.
The proportion of verified accounts among cryptocurrency-related Twitter/X accounts is higher than that of ordinary Twitter/X users.
Meme Hot List
According to the meme token tracking and analysis platform GMGN, as of April 11, 19:50:
The top five trending Ethereum tokens in the past 24 hours are: DOGEN, SPX, 69M, CRV, XYO
The top five trending Solana tokens in the past 24 hours are: PIPE, FEETCOIN, IDIOT, FIRST, S&P500
The top five trending Base tokens in the past 24 hours are: TOSHINME, DRB, VIRTUAL, BORETT, ELLIOT
