BlockBeats News: On April 3rd, Mantle officially announced that it will launch its flagship products Mantle Banking and Mantle Index Fund (MI4) in Q2. Mantle Banking is a one-stop account for fiat and cryptocurrency in daily life, supporting consumption, savings, and investment between fiat and cryptocurrency; Connect traditional finance (TradFi) with decentralized finance (DeFi). Fully integrated with Mantle Network's modular architecture, supported by EigenDA, Succinct SP-1, and OP Stack. Mantle Index Four (MI4), also known as the "S&P 500 of Cryptocurrency," is an institutional level tokenized index fund built in collaboration with Securitize (a platform used by Blackstone, KKR, and Hamilton Lane). The investment portfolio currently includes BTC (50%), ETH (26.5%), SOL (8.5%), stablecoins (15%), and offers enhanced staking returns (mETH, bbSOL, sUSDe).

BlockBeats News: On April 3rd, Justin Sun stated in an interview with Star Island that Techeryx Ltd. is not part of his business. When asked why they were helping, he explained that TUSD has 5 million users worldwide, and once it is discovered that their TUSD cannot be exchanged for cash, it will trigger a major financial storm. Justin Sun admitted that he was very surprised when he first learned about the incident, and even said that it shattered his worldview. "Financial institutions directly misappropriate user assets and send them to other places, can't it be Hong Kong? This is a complete theft of depositors' funds!" He didn't understand why large amounts of funds could be transferred overseas without authorization from the client. He believed that the government, banking industry, Securities Regulatory Commission, and others needed to face up to this loophole, emphasizing that Hong Kong cannot become a breeding ground for scammers to defraud funds, and at the same time, they should face the funds that Web 3 companies can bring. Previously, Techeryx Ltd, the investment company of stablecoin TrueUSD (TUSD), filed a lawsuit with the Hong Kong High Court accusing the CEO of Hong Kong asset custodian First Digital Trust (FDT), Zhuo Junqiang, and a Singaporean licensed fund manager, YAI SUKONTHABHAND, of conspiring with multiple companies to fraudulently obtain trust deposits of over 500 million US dollars, equivalent to approximately 3.9 billion Hong Kong dollars, from plaintiffs and the public. Techteryx once entrusted $500 million in reserves to FDT for custody, and the reserves were later invested in a Cayman fund. And this Cayman fund did not issue any investment related share certificates to FDT, nor did it transfer at least $456 million in reserves directly into the Dubai account of an offshore private company called Aria DMCC as an unsecured loan without Techeryx Ltd.'s knowledge. The Cayman fund has refused Techeryx Ltd.'s redemption or repayment of funds.

According to Lookonchain monitoring, 20 minutes ago, a giant whale released its pledge and deposited 71448 SOLs (worth 8.54 million US dollars) into Binance. The giant whale still has 568000 SOLs (worth 68 million US dollars) in a pledged state.

BlockBeats News: On April 3rd, Bitcoin developer Ruben Somsen posted that the email list of the Bitcoin development team BitcoinDev has been "permanently removed" by Google. Ruben previously stated, "To my knowledge, no inappropriate content has been posted Subsequently, the update stated, 'Originally, we did receive more information, but it was placed in the spam folder (ironically). Obviously, we have been' permanently removed '.'. What is our fault? We are considered as' unnecessary content '. Really, Google? Is open source development 'unpopular'? It seems we have to migrate again Block CEO Jack Dorsey has forwarded a tweet supporting Ruben Somsen and raised questions to Google CEO Sundar Pichai.

According to BlockBeats, on April 3rd, John, the chief contributor of Treasure DAO, a blockchain gaming ecosystem, announced that he will terminate game operations and Treasure Chain due to a restructuring caused by deteriorating financial conditions. The document shows that its annual operating expenses are as high as $8.3 million, while the current treasury only has $2.4 million left, which was originally expected to last until July 2025. Chief contributor John has resumed his leadership role, revealing that the team size had reached 40 people, with an annual labor cost of 6.1 million US dollars and infrastructure costs of 3 million US dollars, including a fixed annual cost of 450000 US dollars for Treasure Chain. Faced with survival pressure, DAO has laid off 15 employees and decided to terminate game distribution support and Treasure Chain, and assist partners in migrating to other chains. To extend the funding runway, John proposes to withdraw the idle $785000 from market maker Flowdesk. If approved, the stablecoin balance will increase to $3.2 million, and the operation of Coca Cola will be extended until February 2026. In addition, the ecological fund holds 22.3 million MAGIC (worth 2.3 million US dollars), but if MAGIC prices plummet, DAO may find it difficult to sustain between December this year and February next year. The future new strategy will focus on four major products: Market, Bridgeworld, Smolworld, and AI agent expansion technology, aiming to showcase the application potential of MAGIC through Smols and Bridgeworld, and develop Neurochimp agents to enhance market competitiveness. Community conference calls and governance proposals are coming soon, including retiring Treasure Chain, adjusting market positioning, etc., with the goal of reversing the current decline through streamlining operations.