AiCoin Daily Report (April 12)

1. The Federal Reserve (FED) officials stated that they will stabilize the market if necessary.

2. BlackRock CEO says the U.S. is nearing a recession.

3. The SEC is considering a regulatory sandbox for tokenized securities.

At the first session of the cryptocurrency working group roundtable, SEC Acting Chairman Mark Uyeda hinted at adopting a "regulatory sandbox" model for companies with registered or unregistered tokenized securities. -Original text

4. The TRUMP token will undergo a large-scale unlocking.

Trump's meme coin, TRUMP, will usher in a massive token unlock next week, unlocking 40 million tokens on April 18, and the project team will receive $320 million worth of tokens, or about 20% of the circulating supply. If the unlocked token is sold off to the open market, there will be a significant imbalance in the supply-to-liquidity ratio, which could lead to further pressure on the price, with the recent TRUMP token price hitting $7.14 since its launch on January 18 and the current price of $8, which is 83% in value. According to Dune data, the number of TRUMP token holders has dropped from 817,000 at the initial offering to 637,000, and only 12,000 wallets currently hold more than $1,000 in TRUMP tokens, a significant decrease from 143,000 on January 19. Token unlocking is usually a bearish event, but sometimes the market will absorb the expectation in advance, causing the price to fall to a new low before unlocking and rebound slightly after unlocking. It's uncertain whether the Trump team will sell the unlocked tokens, but a sale in the open market would put short-term pressure on the price, with the 2% Depth of Market indicator showing that the current liquidity level of $980,000 to $2 million can't withstand the $320 million sell-off. The meme coin craze is gradually dissipating, and the total market capitalization of meme tokens has plummeted from $119 billion in December last year to $45 billion currently. -original

5. The Hong Kong police continue to investigate the JPEX case.

The Hong Kong Legislative Council's Special Finance Committee document has announced the progress of the JPEX case. As of February 28 of this year, the police have received 2,636 reports, involving approximately 1.616 billion HKD. A total of 80 people have been arrested, and assets totaling approximately 228 million HKD have been frozen, including property assets, luxury cars, bank account balances, cash, and approximately 14.5 million HKD worth of cryptocurrency. Among them, 1,311 reportants have provided statements, while 666 have indicated they will not pursue further action, and the remaining 659 have not been able to be contacted. The Hong Kong police stated that the investigation is still ongoing, including consulting the Department of Justice for legal opinions regarding evidence related to different persons involved in the case.

6. The founder of Curve has extended the locking period for the veCRV held to 4 years.

Odaily Planet Daily News - Curve founder Michael Egorov stated on X that he has once again extended the lock-up period of his veCRV holdings to 4 years and has publicly disclosed the specific transaction records for the extension. According to previous reports, CRV briefly surpassed 0.6 USDT due to the official repeal of the IRS DeFi broker rules.

7. Canary Litecoin ETF is on the DTCC list.

The Litecoin ETF from cryptocurrency fund manager Canary Capital has been added to the list of ETFs by the American Depositary Trust and Clearing Corporation (DTCC). On Thursday evening, the ETF appeared on the official DTCC website under the symbol LTCC. Canary's Litecoin Spot ETF is still subject to regulatory approval from the U.S. Securities and Exchange Commission (SEC). However, the inclusion of DTCC marks a preparatory step towards a potential launch of the ETF. Eric Balchunas, chief ETF analyst at Bloomberg, said: "Inclusion on the list does not mean that it has been approved or is ready to start trading, but it does indicate that the issuer is preparing for approval. There is a 90% chance that Canary's Litecoin spot ETF will be approved. If approved, Litecoin will become the third cryptocurrency to serve as the underlying asset of a spot ETF after Bitcoin and Ethereum. - original

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