AiCoin Daily (April 30th)

BlockBeats News: On April 30th, Pendle released a weekly report reviewing the progress of projects for the week. Pendle Joint Creation TN Lee announced in a post that Boros will break through the limitations of Pendle V2 and embark on the next chapter, unlocking the largest source of revenue in the cryptocurrency field - funding rates. Boros will be preparing to go online, and the trading system with funding rates will be an important layout for changing DeFi's revenue strategy. Cryptocurrency KOL Cheeezzyyyy stated on social media that the lock-in volume of vePENDLE has just exceeded 40 million, and the number of locked PENDLEs has also reached a historical high (about 61 million). At present, this is equivalent to 37% of the circulating supply (approximately $205 million), with an average lock up time of 1.31 years. Aave launches Pendle PT for a new round of voting, where users can participate in the voting process; The Spartan Group, a cryptocurrency investment firm, uses Pendle PT to ensure high fixed income for stablecoins and mainstream cryptocurrencies without the need for hedging. Maintaining liquidity further amplifies this advantage, enabling funds to adjust and reallocate in response to market changes. Spartan Group also monitors Pendle YT's trading activity and price trends. This provides a benchmark for the valuation of pre issued tokens - based on data rather than pure speculation.

According to Lookonchain monitoring, a trader converted $239 into $2.2 million by trading HOUSE tokens, achieving a return of 9228 times. A month ago, he bought 25.77 million HOUSE tokens for only $239, sold 1.91 million HOUSE tokens, cashed out $58800, and now holds 23.85 million HOUSE tokens (worth $2.15 million). He used to trade about 10 cryptocurrencies every day, but since buying HOUSE tokens, he has hardly engaged in any other transactions.

According to Cointelegraph, Australia's anti money laundering agency AUSTRAC requires cryptocurrency exchanges that have registered but are not actually operating to voluntarily revoke their registration, otherwise they will be forcibly deregistered. The institution stated on April 29th that some of the 427 registered exchanges that have not conducted business for a long time may be acquired by criminals for fraud. AUSTRAC CEO Brendan Thomas emphasized that registered companies need to update their operational status in a timely manner, otherwise they will face the disposal of "use or cancellation". AUSTRAC plans to publish a list of registered exchanges to help the public identify legitimate platforms. Since 2019, 10 institutions have been disqualified, including FTX local subsidiaries processed in June 2024. In February of this year, the institution also took compliance review measures against 13 remittance service providers and exchanges. At present, Australia has not yet introduced specific cryptocurrency regulations, and the government plans to promote the inclusion of exchanges in the regulatory framework of existing financial services laws before the May 3 election.

BlockBeats News: On April 30th, according to official information from Monad, Monad announced a partnership with Fireblocks, a cryptocurrency custody service provider. Fireblocks will synchronize its login to the ecosystem on the first day of its mainnet launch, providing a secure infrastructure for the transfer, storage, and issuance of digital assets. It is reported that Fireblocks is an institutional level platform focused on network security, blockchain, digital assets, encrypted custody, and other fields. It aims to help financial institutions such as banks, exchanges, liquidity providers, OTC and hedge funds efficiently manage digital assets through the Fireblocks network and MPC wallet infrastructure, and securely and quickly transfer digital assets. Currently, Fireblocks has provided services to over 800 financial institutions.

According to Cryptonews, Russia's anti money laundering agency, the Federal Financial Monitoring Service, plans to push for criminal accountability for illegal cryptocurrency mining, accusing it of facilitating money laundering activities. The deputy director of the agency, German Neglyad, revealed that relevant bills have been jointly formulated with the Ministry of Finance and the central bank, and have received support from policy-making institutions such as the Russian Civil Service. Nikolai Zhuravlev, Vice Chairman of the Federal Council, emphasized the need for legislation; Maintain foresight to eliminate loopholes in the financial system;. Osman Kabaloev, Deputy Director of the Financial Policy Department of the Ministry of Finance, confirmed that the amendment is currently being drafted and will introduce administrative penalties in addition to criminal liability. This move aims to curb the illegal mining and transfer of funds using cheap electricity.