KEYTAKEAWAYS
- Tether burns 1.8 billion USDT as crypto market cap surpasses $2.8 trillion with Bitcoin holding 60.4% market share and briefly breaking $86,000.
- Trump family expands crypto footprint with USD1 stablecoin exceeding 100M tokens in circulation and WLFI spending $775,000 on SEI tokens despite recent market volatility.
- Scottish boarding school becomes first UK private school to accept Bitcoin for tuition fees, while Shaquille O'Neal settles Astrals NFT lawsuit for $11 million.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Tether Treasury Destroys 1.8 Billion USDT
Tether Treasury destroys 1.8 billion $USDT.
2. OpenAI to Replace GPT-4 with GPT-4o
According to Jinshi, OpenAI stated on its website that from April 30, GPT-4 will be “completely replaced” by GPT-4o, but GPT-4 will continue to be available through the API.
OpenAI said, “In face-to-face evaluations, it (4o) continues to outperform GPT-4 in writing, coding, STEM, etc.”
According to The Verge, OpenAI will unveil a series of new AI models next week, including GPT-4.1, smaller GPT-4.1 mini and nano versions, the o3 “reasoning” model, and a new reasoning model called o4-min.
3. Scottish Boarding School to Accept Bitcoin for Tuition Fees
A Scottish boarding school, Lomond School in Helensburgh, has announced it will accept school fees in Bitcoin starting autumn term this year, following requests from some parents.
The payments will initially be converted to UK pounds to “mitigate currency risk,” with the school claiming to be the first private school in the UK to accept cryptocurrency payments.
Head teacher Claire Chisholm said the move aligned with the school’s “ethos of independent thinking and innovation,” noting that television inventor John Logie Baird was a former pupil.
4. Trump’s WLFI Stablecoin USD1 Exceeds 100 Million Supply
According to on-chain information, the dollar stablecoin USD1 launched by Trump’s crypto project WLFI has a circulation of over 100 million on BSC, currently at 113,479,090.
5. Crypto Market Cap Surpasses $2.8 Trillion
The total market capitalization of cryptocurrencies has surpassed $2.8 trillion, currently at $2.803 trillion, with a 24-hour increase of 1% and a 24-hour trading volume of $79.9695 billion.
Currently, BTC market share is 60.4%, and ETH market share is 7.08%.
NOON NEWS
1. Vitalik Buterin Discusses Ethereum Values and Application Development
In response to the statement “The self-updating of Ethereum requires generational/talent replacement. And the next generation needs to be rooted in Ethereum values (such as cypherpunk),” Vitalik Buterin replied on Warpcast that application layer growth is precisely when good social philosophy is most needed.
Buterin compared Ethereum to C++, noting that while a programming language might be unaffected by its creator’s values, Ethereum isn’t entirely general-purpose—those who don’t believe in decentralization won’t add features like light clients or account abstraction.
He listed what he considers good applications (Railgun, Farcaster, Polymarket, Signal) and bad ones (Pump.fun, Terra/Luna, FTX), stating that differences in application functionality stem from developers’ beliefs about their goals.
2. WLFI Purchases $775,000 Worth of SEI Tokens
According to Ember monitoring, the DeFi project WLFI, supported by the Trump family, purchased $775,000 worth of SEI yesterday at a price of $0.158.
In the past two months, WLFI has spent approximately $1 million USDC through three transactions to acquire 5.983 million SEI, with an average price of $1.67.
Currently, SEI is one of only three tokens in the WLFI portfolio that is not in loss (the other two are TRX and AVAX).
3. Abstract Ecosystem Mining Coin BIG Drops 65% in 24 Hours
According to GMGN market data, the Abstract ecosystem mining coin BIG’s market cap has dropped to 5 million dollars, currently priced at 5.02 dollars, falling over 65% in 24 hours.
The 24-hour trading volume is 5.86 million dollars, with a market cap decline of over 73% from yesterday’s peak of 19 million dollars.
4. Alchemy Pay Releases 2025 Strategic Roadmap
Cryptocurrency payment solutions provider Alchemy Pay has released its strategic roadmap for 2025, outlining its transformation from a crypto payment gateway to a global financial hub.
The company plans to prioritize regulatory growth in regions such as South Korea and Australia, while expanding partnerships with wallets, blockchains, and decentralized exchanges.
Alchemy Pay aims to evolve to support risk-weighted assets, develop Alchemy Chain as a stablecoin-centered public blockchain, and create an AI-powered crypto payment product for the AI Agent ecosystem.
5. Shaquille O’Neal Settles NFT Lawsuit for $11 Million
NBA legend Shaquille O’Neal has agreed to pay $11 million to settle a class-action lawsuit over his promotion of the failed Astrals NFT project, with a Florida federal judge approving the settlement on April 1.
The lawsuit, filed in May 2023, claimed O’Neal promoted unregistered securities through the Solana-based Astrals NFT collection. Investors who bought Astrals NFTs or GLXY tokens between May 2022 and January 15, 2024, will be eligible for compensation.
The court approved $2.9 million in attorney fees as part of the settlement and dismissed claims that O’Neal was a “control person” within the project.
EVENING NEWS
1. Strategy’s Bitcoin Holdings’ Floating Profit Recovers to $9.01 Billion
As Bitcoin rose today and briefly broke through $86,000, currently trading at $84,531, Strategy (formerly MicroStrategy) Bitcoin holdings’ floating profit recovered to $9.01 billion.
As of April 6, 2025, Strategy disclosed holding 528,185 bitcoins, with a total purchase cost of approximately $35.63 billion, at an average cost of about $67,458 per bitcoin.
2. HYPER on HyperEVM Reaches 9.23 Million Coins
According to on-chain data, the number of HYPER on HyperEVM is currently reported to be about 9.23 million coins, with a value exceeding $150 million, and the cumulative number of bridging users surpasses 58,000.
The asset transfer function between HyperCore and HyperEVM has been launched, initially supporting HYPE, which as the native Gas token of HyperEVM, can be transferred at both ends through the system address without ERC20 contract support.
3. Trump Family Expands Crypto Empire Worth Estimated $1 Billion
The Trump family has entered the digital currencies and blockchain world, with interests in NFTs, meme coins, Bitcoin mining, stablecoins, and decentralized finance platforms.
The Trump family crypto portfolio is already worth an estimated $1 billion according to Bloomberg analysis, despite recent market volatility.
After initially calling Bitcoin a threat to the U.S. dollar in 2021, Donald Trump has pivoted to accepting crypto donations, praising blockchain innovation, and establishing ventures including World Liberty Financial, which has raised more than $550 million through two token sales.
4. CZ Pledges Neutrality on Non-Crypto Issues
Binance co-founder CZ tweeted: “I will not get involved in other issues, such as politics, religion, etc. I remain neutral on all other issues and only focus on two topics: blockchain adoption and education.”
Yesterday, CZ posted: “If the government truly supports cryptocurrency, I am happy to provide them with assistance and advice on cryptocurrency adoption and regulatory policies. I provide free advice, and the only limitation is whether I am available.”
5. LAYER Briefly Touches $2.07, Creating New All-Time High
$LAYER briefly touches $2.07, creating new all-time high.
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