Binance Announces the Listing of Gigadevice Semiconductor Inc. (GIGADEV)

[Arthur Hayes: Pay Attention to the Fed's H.4.1 Report, Analyze Japan's Ministry of Finance Intervention in Yen Exchange Rate] Arthur Hayes stated that the market needs to focus on the Federal Reserve's H.4.1 balance sheet report released this week to confirm whether Japan's Ministry of Finance has obtained U.S. dollars by repurchasing U.S. Treasury bonds and used them to buy yen. Arthur Hayes pointed out that if Bessent pushes to increase counterparty limits, the Federal Reserve could release liquidity based on U.S. Treasury bonds held by Japan's Ministry of Finance as collateral.

The giant whale wallet bc1qpt, which holds 16400 BTC, transferred all of its 16400 BTC to a new address one hour ago after being dormant for 7 months. （Lookonchain）

[Spark Abandons Consumer Applications, Transforms into a B2B Infrastructure Provider] According to CoinDesk, DeFi platform Spark has indefinitely shelved its consumer applications and shifted to a B2B2C model, offering yield and liquidity services to enterprises like Robinhood. Robinhood Earn's $200 million treasury operates on Morpho, with Spark serving as one of the three major collateral sources, enabling access to retail deposits without owning applications or customer relationships. Spark's annual revenue has dropped from $80 million during the bull market to $20 million during the bear market, with an outstanding OTC loan balance of $260 million, aiming to reach $1 billion by year-end. Spark has deployed stablecoin exchange liquidity on Uniswap v4, routing approximately $1.5 billion in trading volume in the first month, accounting for 30% of stablecoin exchange volume.

Robinhood predicts that market revenue will exceed cryptocurrency and stock trading revenue in the second quarter, driving a 44% year-on-year increase in total trading related revenue to $776 million. The event contract generated $156 million in revenue, cryptocurrency trading revenue was $100 million, and stock trading revenue was $129 million. Chief Financial Officer Shiv Verma stated that Robinhood has achieved new highs in trading volume for stocks, options, and event contracts. The nominal trading volume of Robinhood cryptocurrency is $40 billion, including $22 billion in nominal trading volume of Bitstamp.

[Two Addresses Hold Long Positions with 1,364 BTC, Worth $86.2 Million] According to Lookonchain monitoring, two addresses collectively hold long positions with 1,364 BTC, valued at approximately $86.2 million. The liquidation prices for the related positions are $61,079.4 and $61,096.7, respectively.