ChainCatcher news, according to The Block, the OM token of the Layer 1 blockchain project MANTRA, which focuses on real-world assets (RWA), dropped by about 10% between 01:20 and 02:20 Beijing time today, and then suddenly plummeted from the then price of $5.21 to about $0.50 (as of the time of this media's report), experiencing a 90% drop in just 90 minutes. Before the project's public Telegram group became inaccessible, community leader Dustin McDaniel downplayed the accusations of team sell-offs, stating that he was not aware of the situation. At 04:51, MANTRA's X account updated that the crash was triggered by reckless liquidations and was unrelated to the project itself. Co-founder John Patrick Mullin mentioned that large OM investors faced massive forced liquidations on CEX and stated that they were addressing the issue.Previously, MANTRA had been accused of controlling a large portion of the token's circulating supply in an attempt to manipulate the token price. In response, Mullin stated, "The OM token has been in circulation since August 2020, longer than most skeptics have been in the crypto space."Some investors pointed out that DeFiLlama data shows the MANTRA protocol's TVL is only about $13 million, while its fully diluted valuation is as high as $9.5 billion, which could be a risk signal. Additionally, Insomniac, the governance lead at Castle Labs, discovered that three wallets recently transferred millions of dollars worth of OM tokens to OKX and Binance, with one wallet receiving about $36 million worth of OM tokens from Binance on March 21 and then transferring about 4.3 million tokens to OKX on Saturday, suggesting a potential sell-off.

ChainCatcher news, according to Jinshi reports, U.S. Secretary of Commerce Gina Raimondo stated in an interview that electronic products such as smartphones, laptops, and wireless headphones that received tariff exemptions will be re-examined as part of the government's investigation into the semiconductor industry. These products may be included in tariffs on the semiconductor industry, which could be introduced in a month or two.When U.S. Secretary of Commerce Gina Raimondo was asked to clarify whether tariffs on iPhones would "resume in about a month," Raimondo replied, "That's right. We need our pharmaceuticals, semiconductors, and electronics produced in the U.S." Her remarks will heighten corporate uncertainty regarding Trump's tariff measures. Trump's tariff initiatives have seen a series of reversals and led to a massive sell-off in the U.S. Treasury market worth $29 trillion last week.Additionally, Raimondo mentioned that tariffs on the pharmaceutical industry will be introduced in the next month or two.

ChainCatcher news, according to Jinshi reports, U.S. Secretary of Commerce Raimondo stated that there are no concerns about the U.S. dollar.

ChainCatcher news, according to official information, the decentralized finance protocol Cygnus has officially launched the community contribution airdrop declaration form, aimed at achieving fair airdrop distribution through structured data collection. The key points of this declaration mechanism are as follows:The evaluation framework is based on the logic of Airdrop distribution, systematically assessing users' real contributions to the Cygnus ecosystem, covering five dimensions: "technical development, content creation, community operation, visual design, and ecological participation."Cygnus stated that this form will serve as the core basis for subsequent airdrop distribution, aiming to identify and incentivize participants who have a substantial impact on the long-term value creation of the ecosystem.

ChainCatcher news, according to Cointelegraph, Trump Digital Assets Advisory Board Executive Director Bo Hines stated in an interview: "We need to accumulate quickly before Bitcoin becomes more expensive."

ChainCatcher news, according to Jinshi reports, EU Trade Commissioner Dombrovskis stated that we proposed to the United States to implement zero tariffs on goods, and if no trade agreement is reached, we are also prepared to respond. If necessary, we are ready to take countermeasures.It is estimated that due to U.S. tariffs, the EU's GDP could lose 0.2%-0.6%; Europe does not want to see such a tariff war.

ChainCatcher news, according to Jinshi reports, an EU spokesperson said on Friday that European Commission Vice President Šefčovič will travel to Washington for negotiations before Sunday."The Trade Commissioner will go to Washington and try to sign an agreement. That is what we are focused on," said Olof Gill, the European Commission's trade spokesperson. "If we cannot achieve a good result, all options are on the table."

ChainCatcher News, the Financial Services Agency of Japan has released a discussion paper titled "Review of the System Structure Related to Cryptocurrency." The deadline for public comments is May 10.Since July 2024, the agency has been validating the system based on the current state of cryptocurrency transactions. The Financial Services Agency of Japan values "creating an environment that balances user protection and promoting innovation," and plans to use the opinions collected this time as a basis for considering future regulatory reviews.

ChainCatcher news, according to official news from Towns Protocol, the Web3 social protocol Towns Protocol has completed a $10 million Series B funding round, led by a16zcrypto, with participation from Coinbase Ventures and Benchmark.Earlier news, Towns Protocol developer Here Not There Labs completed a $25.5 million funding round in February 2023, led by a16z.

ChainCatcher news, according to the official news from Towns Protocol, the decentralized communication protocol Towns has announced the completion of a $10 million Series B funding round, led by a16z crypto, with new investment from Coinbase Ventures, and continued participation from Benchmark. Towns is committed to building on-chain communication infrastructure to promote the development of Web3 social and collaboration tools. The project team stated, "The future of communication will move on-chain."

ChainCatcher news, according to Bitcoin Laws, the Florida Office of Insurance Regulation has passed the Bitcoin Reserve Bill HB 487, and the Florida Bitcoin Bill HB 487 still needs to pass three committees in the House:·Government Operations CommitteeFinance CommitteeCommerce Committee

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) officially announced on April 7 that it has issued regulatory guidelines regarding the provision of staking services to licensed virtual asset trading platforms, as well as guidelines for SFC-recognized funds investing in virtual assets (virtual asset funds) concerning their participation in staking activities. The virtual asset exchange HashKey Exchange received approval from the Hong Kong SFC on April 10 to become one of the first exchanges in Hong Kong authorized to provide staking services.The SFC stated in the announcement, "The SFC recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn returns from virtual assets in a regulated market environment."In February this year, the SFC released the "Virtual Asset Development Roadmap" ("A-S-P-I-Re" framework) and proposed to consider expanding the range of virtual asset products under a regulatory framework, including providing staking, leverage, and lending services under clear guidelines.Terence Pu, Managing Director of HashKey Exchange, stated, "HashKey Exchange has built a staking service system that meets regulatory requirements, taking the lead in providing ETH staking services for spot ETFs, and is actively promoting staking services for all customers.This service relies on HashKey Cloud's excellent node operation capabilities to provide users with secure and compliant staking services. In the near future, investors will not only be able to hold Ethereum ETFs to earn staking returns but also hold ETH directly and earn additional returns through our staking services."

ChainCatcher news, according to Bloomberg, Federal Reserve Board Governor Michelle Bowman will be questioned on Thursday at a Senate Banking Committee hearing, where lawmakers will review her nomination to serve as Vice Chair for Supervision.Bipartisan senators may ask Bowman how she plans to comply with an executive order that limits the power of independent agencies and will want to understand how she will respond to a new initiative—one that requires the largest lending institutions in the U.S. to hold more capital to enhance their ability to withstand losses and financial crises.

ChainCatcher news, according to Jinshi reports, European Commission President Ursula von der Leyen stated that the EU has agreed to suspend retaliatory measures against U.S. tariffs set for April 15 for a period of 90 days. Preparations for further retaliatory measures are still ongoing, and all options remain on the table.

ChainCatcher news, according to Wall Street Journal reports, Trump announced last night the suspension of the tariff policy, triggering significant market fluctuations. By compiling media information, the timeline of this event is as follows:At 9:33 AM local time, Trump posted on Truth Social, urging everyone to "stay calm," and added that "now is a good time to buy."Meanwhile, U.S. Secretary of Commerce Gina Raimondo received a call from the EU's top trade official Maros Sefcovic, and the EU approved countermeasures against U.S. steel and aluminum tariffs that day.By noon on Wednesday, Raimondo was sitting in the Oval Office with U.S. Treasury Secretary Janet Yellen, discussing the latest tariff policy with Trump.At 1:18 PM, Trump announced the decision to suspend tariffs on Truth Social.It is reported that this sudden shift caught even some high-ranking officials off guard. After Trump posted, his aides immediately convened to discuss how to proceed, and Yellen and White House Press Secretary Karine Jean-Pierre quickly held a press conference.After announcing the tariff suspension, Trump told reporters that he had been considering a change in direction for the past few days, ultimately deciding that "it might have been concluded this morning."