Daily Report | Binance Launchpool launches Initia (INIT); Trump says Powell should follow the European Central Bank's example and cut interest rates
April 17 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- The U.S. SEC will hold its third crypto policy roundtable on April 25, focusing on crypto asset custody issues
- Binance's second voting event for listing coins has ended, with FTT receiving the highest vote share
- Musk reportedly DM'd a cryptocurrency influencer asking for a child, but was rejected
- Binance CEO: We have engaged with many countries to help establish crypto regulatory frameworks and assist some countries in building strategic reserves
- Binance Launchpool launches Initia (INIT)
- Trump: Powell should follow the ECB's lead in cutting rates and end Powell's term as soon as possible
"What important events occurred in the past 24 hours"
The U.S. SEC will hold its third crypto policy roundtable on April 25, focusing on crypto asset custody issues
According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has announced that it will hold its third crypto policy roundtable on April 25, focusing on the issue of crypto asset custody. The meeting will feature two panels discussing topics related to broker-dealer custody and wallet custody, as well as investment advisors and investment company custody.
Members of the broker-dealer panel include: Jason Allegrante from Fireblocks, Rachel Anderika from Anchorage, Terrence Dempsey from Fidelity, Mark Greenberg from Kraken, Veronica McGregor from Exodus, Brandon Russell from Etana Custody, and Tammy Weinrib from Copper.
Binance's second voting event for listing coins has ended, with FTT receiving the highest vote share
Binance's second voting event for listing coins has concluded. The results show that FTT ranked first with an 11.1% vote share, followed by ZEC and JASMY (both at 8.6%), GPS (8.2%), and PDA (7.6%).
Musk reportedly DM'd a cryptocurrency influencer asking for a child, but was rejected
According to reports from Silicon Valley NEWS, foreign media stated that cryptocurrency influencer Tiffany Fong gained Musk's attention during the reporting of the FTX exchange collapse. As Fong posted more pro-Trump content, Musk's interactions with her increased, and he followed her last summer. As part of a creator revenue-sharing program, during the peak of their interactions in November last year, Fong earned $21,000 in traffic revenue within two weeks.
Around that time, Musk, who had never met Fong, sent her a private message asking if she was interested in having a child for him. Fong declined the request and revealed it to others. Musk subsequently accused her of being imprudent and unfollowed her.
Binance CEO Richard Teng told the Financial Times that under President Trump's leadership, the U.S. has taken a more favorable stance toward cryptocurrencies, including plans to establish a digital asset regulatory framework and national reserves, which is prompting other countries to take similar actions. Binance has engaged with many countries to help them develop cryptocurrency regulatory frameworks, but he declined to disclose the names of the countries cooperating with the company.
Richard Teng stated that Binance is currently assisting some countries in building national strategic digital asset reserves. Nearly a quarter of Binance's 6,000 employees are engaged in compliance work, and the company will continue to invest heavily in this area.
Earlier this month, both Pakistan and Kyrgyzstan announced that Binance founder Zhao Changpeng has begun advising them on developing crypto regulations and utilizing blockchain technology.
Binance Launchpool launches Initia (INIT)
Binance Launchpool will launch its 68th project, Initia (INIT). Initia is an L1 blockchain that connects application chains through interwoven infrastructure and coordinated economic mechanisms to unlock their full value.
Users can stake BNB, FDUSD, and USDC in the INIT reward pool on the Launchpool website starting from April 18, 2025, at 08:00 (UTC+8), for a total duration of 6 days.
Binance will list Initia (INIT) on April 24, 2025, at 19:00 (UTC+8) and open trading markets for INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY, subject to seed label trading rules.
U.S. President Trump posted on social media: "The ECB is expected to cut rates for the 7th time, yet the Fed Chair Jerome Powell, who is always too late, has once again presented a typical 'chaotic' situation in yesterday's report.
Oil prices are falling, grocery prices, even eggs, are also declining, and the U.S. is reaping substantial benefits from tariffs. Powell should have cut rates long ago like the ECB, but even now he should cut rates. End Powell's term as soon as possible!"
"What excellent articles are worth reading in the past 24 hours"
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A huge narrative is quietly brewing.
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Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of April 17, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: ETH IS FOR EVERYONE, LCAI, AvA, CRV, COCORO
The top five popular Solana tokens in the past 24 hours are: TRUMP, TRENCHCOIN, Jackpot, QUAKK, Minecraft
The top five popular Base tokens in the past 24 hours are: DRB, VIRTUAL, degeninme, BOBR, KAPIBALA
