On April 2nd, according to TheBlock, the US Securities and Exchange Commission (SEC) and cryptocurrency trading platform Gemini submitted a joint letter to the Southern District Federal Court of New York yesterday, requesting the judge to approve a 60 day suspension period for the lawsuit. Both parties will use this window of opportunity to explore potential solutions for the Gemini Earn cryptocurrency lending product lawsuit. The case began with a lawsuit in January 2023, in which the SEC accused Gemini of illegally selling unregistered securities through the Earn project and raising billions of dollars worth of cryptocurrency assets. A month before the submission of this motion, Cameron Winklevoss, co-founder of Gemini, revealed that the SEC had officially notified the end of its investigation into the trading platform and would not initiate enforcement proceedings. The SEC's shift in attitude is seen as a continuation of the Trump administration's cryptocurrency friendly policy. Since the 2024 presidential election, the SEC has gradually withdrawn lawsuits against cryptocurrency companies such as Coinbase, OpenSea, Immutable, and suspended multiple investigations. In early January of this year, Gemini reached a settlement with the US Commodity Futures Trading Commission (CFTC) for $5 million on false statement allegations.

According to BlockBeats, on April 2nd, crypto analyst @ ali_charts released a chart analysis stating that since February 25th, the number of ETH large transactions has decreased by 63.8%, indicating a decrease in activity among whales on the chain.

In a post reposted by Bloomberg analyst James Seyfart on X, it was pointed out that Circle did indeed list USDT running as a risk for Circle's business in the S-1 document. The screenshot shared in the post shows that Circle wrote in the S-1 document: "Negative developments related to USDT, or actual or perceived instability of USDT, may cause other stablecoins (including stablecoins issued by Circle) to lose trust. Temporary price misalignments in the secondary market or a comprehensive run on USDT may lead to sustained redemption demand, runs, or similar price misalignments for Circle stablecoins in the secondary market. Although we have never encountered situations where we cannot meet customer minting or redemption requests when other stablecoins experience such price misalignments, the volatility of inflows and outflows, as well as the demand for minting or redeeming, may be so strong that we may encounter operational difficulties in meeting such demands

The 2025 Q1 security report released by CertiK shows that the Web3.0 field lost approximately $1.67 billion due to 197 security attacks this quarter, with Bybit exchange losing $1.45 billion (90%) from a single incident. In addition to large single cases, high-frequency and low loss attacks have become new risks: 15 private key leakage incidents (140 million US dollars) and 81 phishing attacks (nearly 16 million US dollars). CertiK emphasizes that hackers are using social engineering methods such as AI deep forgery and malicious dApps to carry out precise phishing. Although the amount of a single attack is small, it has already formed a systematic threat to user security.

Odaily Planet Daily News: Synthetix founder Kain recently stated in an article that the Ethereum mainnet is facing economic pressure from a sharp decrease in gas fees and ETH destruction due to L2 expansion diversion trading activities and the introduction of Blob by EIP-4844, which reduces data availability costs. Kain believes that the rise of L2 has intercepted the revenue originally belonging to the mainnet, and the future shift towards Alt DA solutions such as Celestia is more likely to further weaken the profitability of the Ethereum mainnet. To solve this problem, he proposed that in the short term, L2 can be fed back to the mainnet through official L2 or rental mechanisms, while in the long term, new demands such as real asset tokenization need to be relied upon to increase the overall usage rate of L1/L2. He emphasized that the Ethereum community has advantages in coordination, but should decisively abandon unrelated projects and focus resources on application layer breakthroughs to cope with the competitive pressure from L2 and other data availability solutions.