By Shikha Singh
Binance to Delist 14 Tokens After Community Vote.
Binance is removing 14 tokens from its exchange on April 16, 2025, at 03:00 UTC. Thereafter, trading for those tokens will stop. Users can still take out their tokens until June 9, 2025, but they won’t be able to deposit or trade them anymore.
This action follows Binance’s inaugural “Vote to Delist,” in which users selected the tokens for review. Binance also did its checks before deciding.
Over 24,000 users sent in more than 103,000 votes during the poll. After filtering out fake or invalid votes, around 93,000 were counted. TROY got 4,985 votes to be removed, and SNT got 3,533. Tokens like BADGER and BAL also made the list.
Cboe BZX Files to List Canary‘s SUI ETF.
Cboe BZX Exchange has asked United States regulators for clearance to list an exchange-traded fund backed by Sui, the native token of the Sui Network, public filings show.
The request submitted on April 8 must be reviewed and approved by the US Securities and Exchange Commission before the exchange can list any shares of the fund.
If approved, the ETF — issued by asset manager Canary Capital — will be the first in the country to hold SUI. The token has a market capitalization of roughly $6.5 billion, according to CoinMarketCap.
DOJ Axes Crypto Unit as Trump’s Regulatory Pullback Continues.
The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team (NCET), effective immediately, narrowing its focus on crypto enforcement.
The DOJ will stop prosecuting crypto exchanges and services for regulatory violations, focusing instead on criminal activities involving digital assets.
This move follows President Trump’s executive order aiming to provide regulatory clarity for the crypto industry.
ARK Invest Buys the Coinbase Dip, Adding $30 Million of Shares in 3 Days.
Investment manager ARK Invest, which is known for buying the dip when markets go south, has purchased 199,401 Coinbase (COIN) shares in the past three days.
The Cathie Wood-run company bought 83,157 shares of the crypto exchange on Friday, followed by 84,514 and 31,730 on Monday and Tuesday, respectively, according to the company’s daily emailed statements.
Based on closing prices, the shares would have cost a total of $31.51 million. They are now valued at about $29.3 million based on Tuesday’s close.
Coinbase shares have fallen over 15% in the last week as both cryptocurrency and equity markets tumbled following the steep import tariffs imposed by U.S. President Donald Trump.
Bitget Token Burn Model Updated with First Quarterly Burn Exceeding 30 mn Tokens.
Bitget, a cryptocurrency exchange, plans to burn 30 million BGB tokens worth approximately $120 million in its first quarterly burn of 2025.
The burn mechanism has been updated to a utility-based model, which links the amount of BGB burned to the token’s usage for on-chain gas fees via Bitget’s GetGas accounts. In Q1 2025, around 6,943 BGB were added to the GetGas accounts, prompting the large burn.
This move aims to reduce the token’s total supply, potentially boosting the remaining tokens’ value. BGB is currently trading at $4.07, down about 2.5% in the last 24 hours, and it is still over 50% below its all-time high of $8.45.
MANTRA Unveils $108 mn Fund to Boost Blockchain Projects.
MANTRA Chain has launched the MANTRA Ecosystem Fund (MEF), a $108.8 million initiative to support blockchain projects within the MANTRA ecosystem over the next four years.
Backed by investors like Laser Digital, Shorooq, and Amber Group, the fund focuses on tokenizing real-world assets (RWA) and supporting teams at all stages of development.
MEF aims to foster collaboration, provide capital and resources, and drive blockchain adoption.
This initiative follows MANTRA’s achievement of securing a Virtual Asset Service Provider (VASP) license from Dubai’s VARA, enabling it to operate as a cryptocurrency exchange and offer investment services.
Aavegotchi to Migrate Entire Ecosystem from Polygon to Base.
Aavegotchi, the DeFi-enabled NFT game platform, is migrating from the Polygon network to Base, Coinbase’s Ethereum Layer 2 solution, following a governance vote with 93% community approval.
This strategic move aims to leverage Base’s faster transactions, lower fees, and integration with Coinbase’s infrastructure, positioning Aavegotchi for growth in the Web3 gaming space.
The migration includes a full cloning of Aavegotchi NFTs, wearables, and in-game assets on Base, while assets on Polygon will become view-only.
Smart contracts are undergoing an audit, and the migration is expected to complete in 4–6 weeks. As part of this transition, Aavegotchi will also decommission its Layer 3 network, Geist, consolidating resources on Base for better efficiency.
Winklevoss-Backed Startup Octane Raises Millions to Fight Blockchain Hacks with AI.
Octane, a San Francisco-based startup founded in 2023 by Giovanni Vignone, aims to improve blockchain security using AI-powered code auditing.
With over $11 billion lost to cyberattacks in the blockchain industry, Octane’s solution integrates with GitHub pipelines, helping developers identify vulnerabilities in realtime as they write code. This AI tool flags potential exploits, allowing teams to address critical bugs early.
Octane recently closed a $6.7 million funding round led by Winklevoss Capital and Archetype, with additional participation from notable investors like Gemini and Circle.
Initially focused on Solidity and Ethereum Virtual Machine-compatible projects, Octane plans to expand support to other blockchains, including Solana.
Ethereum’s DEX Volume Halves Since December Peak.
Ethereum’s decentralized exchange (DEX) activity has significantly slowed, with daily unique traders dropping to around 40,000 addresses, a 12-month low, down from a peak of 95,000 in late 2024.
This decline aligns with a broader market cooling and reduced speculative investment in the cryptocurrency space.
Uniswap remains the dominant DEX on Ethereum, far surpassing smaller platforms like SushiSwap, which only sees about 2,000 daily active users.
Trading volumes have fallen to $57 billion in March 2025, down from $112 billion in December 2024. This reduction is attributed to both lower user activity and smaller trade sizes.
Despite this decline, decentralized exchanges still account for 13% of total spot trading volume, continuing a gradual upward trend.
New York Eyes Blockchain to Safeguard Elections Under New Bill.
New York may soon explore blockchain technology for securing its electoral process. Assembly member Clyde Vanel introduced Assembly Bill A7716, which directs the New York State Board of Elections to study how blockchain could protect voter data and election results.
The bill describes blockchain as an immutable, decentralized, and secure system that preserves an “uncensored truth” and requires a report on its effectiveness within one year.
The bill, currently under review by the Assembly Election Law Committee, could gain momentum due to growing national interest in blockchain for public sector applications.
If passed, it would require collaboration between the Board of Elections and experts in blockchain, cybersecurity, and election systems.
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