[Midnight News Briefing] Chinese Local Government Disposing of 15,000 Seized Bitcoins Overseas

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Foreign Media: "Chinese Local Governments Disposing of 15,000 BTC"

Solid Intel reported that "Chinese local governments are reportedly disposing of approximately 15,000 BTC through offshore private enterprises. The Chinese government is said to hold about 194,000 BTC." Previously, Coinnews cited Reuters, reporting that local Chinese governments are converting seized cryptocurrencies through private companies.

Analysis: "BTC Whales Selling 30,000 BTC This Week"

CryptoQuant analyzed that "BTC whales have sold approximately 30,000 BTC in the market this week. This indicates strengthening risk-averse sentiment among whales. BTC miners transferred about 15,000 BTC to external wallets or exchanges on April 7 (local time). Currently, the BTC accumulation rate of whales is at its slowest level since February."

Analysis: "Derivatives Exchange Sees 77,000 ETH Inflow... Higher Decline Possibility"

As of April 16 (local time), over 77,000 ETH flowed into cryptocurrency derivatives exchanges, according to CryptoQuant contributor Amr Taha. He noted, "This is typically interpreted as a signal of institutional investors or ETH whales establishing hedge positions or preparing for short selling. Similar situations were observed on March 26 (65,000 ETH inflow) and April 3 (60,000-70,000 ETH inflow), after which Ethereum showed a downward trend."

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Digital asset management firm Bitwise has listed four Bitcoin and Ethereum Exchange Traded Products (ETPs) on the London Stock Exchange (LSE), as reported by Globe Newswire.

COTI AI Agent Mainnet Launch

DAG-based payment-specific Layer 1 blockchain COTI announced the launch of its AI agent on the COTI mainnet. Anyone can create and train an AI agent.

VeChain Recruits UFC CEO as Advisor

VeChain (VET) has recruited UFC CEO Dana White as an advisor, according to Cointelegraph.

Radium Launches Token Issuance Platform LaunchLab

Solana-based decentralized exchange (DEX) Radium (RAY) officially launched its all-in-one token launch platform 'LaunchLab' via X.

Bitget to Delist 7 Spot Trading Pairs

Bitget announced the delisting of 7 spot trading pairs including GMEE/USDT, ARCA/USDT, DAOT/USDT, NUUM/USDT, SPARKLET/USDT, SKR/USDT, and AARK/USDT on the 23rd at 19:00 Korean time.

Bitget Lists Perpetual Futures for AERGO

Bitget announced the listing of AERGO/USDT perpetual futures, offering up to 20x leverage.

Bybit Lists Perpetual Futures for FHE and STO

Bybit announced the listing of FHE/USDT and STO/USDT perpetual futures in the Innovation Zone, supporting up to 20x leverage.

Bybit Lists VTHO

Bybit announced the listing of VTHO on the 17th at 19:00 Korean time.

Ju Ki-young: "Cryptocurrency Value Investors Almost Extinct"

Ju Ki-young, CEO of CryptoQuant, stated, "Since 2018, value-focused investors are almost extinct. Even the remaining participants have turned into speculators seeking only short-term profits..."

Panama City Allows Cryptocurrency Payments for Taxes

Panama City Council will support payment of taxes, fees, tickets, and permits using BTC, ETH, USDC, and USDT, according to UBlockchain.

Cygnus Attracts 7.3 Million Instagram Users

Web3 and Instagram app layer Cygnus reported over 8 million users and more than $900 million in total locked value (TVL) as of the first quarter.

Analysis: BTC May Drop to $75,000 if $83,000 Support Breaks

Cointelegraph analyzed that BTC risks falling to $75,000 if the $83,000 support level is breached.

Grayscale Deposits $10.38 Million ETH to Coinbase Prime

Arkham, an on-chain analytics firm, reported that a Grayscale estimated address (starting with 0xfE3) deposited 6,576 ETH (worth $10.38 million) to Coinbase Prime 10 minutes ago.

ETH Whale Who Bought 2 Years Ago Cuts Losses

ai_9684xtpa reported that a whale who bought ETH at an average of $1,819 two years ago sold 5,596 ETH an hour ago, incurring a $1.312 million loss.

Melania Team Continues Selling MELANIA

AmberCN reported, "The team behind the First Lady meme coin MELANIA continues selling..."

Upbit AERGO 24-Hour Trading Volume Exceeds 1 Trillion Won

AERGO's 24-hour trading volume on Upbit has surpassed 1 trillion won, approximately 5 times the BTC trading volume.

US Stock Indices Fall at Opening

S&P500: -1.13%

Nasdaq: -1.88%

Dow: -0.51%

Trump: "Negotiating Tariffs with Japan Today"

Donald Trump stated, "Japan will visit the US today to negotiate tariff issues..."

Analysis: Gold Strengthens Amid Geopolitical Risks, BTC Overlooked

QCP Capital noted, "Global macro geopolitical uncertainty..."

Italian Finance Minister: Dollar Stablecoins Threaten European Financial Stability

Italian Finance Minister Giancarlo Giorgetti warned that "US stablecoin policies could pose a significant threat to European financial stability".

Tiger Research: "Gomble Lowers Web3 Entry Barriers through Casual Games"

Asian Web3 research and consulting firm Tiger Research analyzed Gomble Games.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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