Crypto Morning News: Grayscale releases 2025 Q2 potential token list; Hyperliquid delists JELLY after being targeted
TechFlow Selected TechFlow Selected
Crypto Morning News: Grayscale releases 2025 Q2 potential token list; Hyperliquid delists JELLY after being targeted
Matrixport released a chart analysis stating that Bitcoin is testing a key downward trend line, with the bull flag pattern gradually taking shape.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Elon Musk attends cabinet meeting wearing "Trump was right about everything" hat
According to Fox News, Elon Musk recently attended the third cabinet meeting of Trump’s second term wearing a red hat emblazoned with the words “Trump was right about everything.”
U.S. Stocks Close Wednesday: Nasdaq Drops 2%, Nvidia Falls Over 5%
U.S. stocks closed lower on Wednesday, with the Dow Jones Industrial Average down 0.3%, the S&P 500 falling 1.1%, and the Nasdaq Composite dropping 2%. Tesla (TSLA.O) fell 5.5%, Nvidia (NVDA.O) dropped 5.7%, Apple (AAPL.O) declined nearly 1%, and Trump Media & Technology Group (DJT.O) plunged over 8%.
Among blockchain-related stocks, MARA Holdings (MARA) fell 3.23%, Strategy (MSTR.O) dropped 3.66%, and Coinbase (COIN.O) declined 5.03%.
Matrixport: Bitcoin Testing Key Downside Trendline, Bull Flag Formation Taking Shape
Matrixport’s chart analysis today indicates that Bitcoin is approaching a critical downside trendline breakout—a line that has been suppressing prices since market sell-offs around the time of Trump’s inauguration. Currently, Bitcoin is forming a "tight high-level flag," a technical pattern typically seen as a bullish continuation signal.
Bitcoin has already broken above an initial downside trendline (white line) and is now testing a more significant resistance level (gray line). A successful breakout would signal a notable reduction in downside risk. Combined with the dovish tone from the recent FOMC meeting, the improving macro environment is increasingly being reflected in technical indicators.
Hyperliquid: Validators Vote to Delist JELLY; Users Outside Marked Addresses to Receive Full Compensation
Hyperliquid announced, "After identifying evidence of suspicious market activity, the validator set convened and voted to delist the JELLY perpetual contract.
All users except those from marked addresses will be fully compensated by the Hyper Foundation. This process will be automatically executed on-chain in the coming days. No support tickets are required. Detailed compensation methods will be shared in a follow-up announcement.
As with other blockchains, validators often need to convene and act collectively to safeguard network integrity. Enhancing the robustness and transparency of the voting system remains a top priority.
Please note that HLP’s 24-hour P&L is approximately 700,000 USDC at the time of writing. Technical improvements will be implemented, and the network will emerge stronger through lessons learned. Further details will be shared soon."
BitMEX Co-Founder Arthur Hayes Questions Hyperliquid's Decentralization Claims
Arthur Hayes, co-founder of BitMEX, has raised questions about the decentralization of the decentralized derivatives trading protocol Hyperliquid.
In a tweet, Hayes stated: "$HYPE couldn't handle $JELLY—let's stop pretending Hyperliquid is decentralized, and stop pretending traders actually care. The $HYPE token price will soon return to zero."
Prior reports indicated that Hyperliquid abruptly settled JELLY short positions at $0.0095 per token—effectively pulling the plug—and suffered no financial losses.
Grayscale Releases Q2 2025 Potential Token List, Adds IP, SYRUP, and GEOD
Grayscale Research has released its Top 20 Potential Tokens list for Q2 2025. This quarter, Grayscale is focusing on tokens that reflect non-speculative, real-world applications of blockchain technology, particularly in three key areas: Real World Assets (RWA), Decentralized Physical Infrastructure Networks (DePIN), and Tokenized Intellectual Property (IP).
The updated list includes three new additions: Story (IP), Maple (SYRUP), and Geodnet (GEOD). Grayscale notes these tokens show strong potential for development in the coming quarter and represent diversification within the cryptocurrency asset class.
Strategy Founder: Preferred Stock STRF Begins Trading on Nasdaq Today
Michael Saylor, founder and executive chairman of Strategy, announced that Strategy’s new preferred stock STRF ("Strife") has begun trading on Nasdaq today.
Earlier reports revealed that insiders at Strategy bypassed common shares to purchase newly issued preferred stock, including the company’s CEO and CFO.
CZ: Will Not Attend Hong Kong Crypto Finance Forum on April 8
Changpeng Zhao (CZ), founder of Binance, commented beneath his earlier post announcing attendance: "There may have been a communication error causing confusion, but I will not be attending the event."
Previously, MetaEra reported that CZ would participate online in the third Hong Kong Crypto Finance Forum, scheduled for April 8, 2025, at the Hong Kong Convention and Exhibition Centre (HKCEC).
Pump.Fun Co-Founder: No Dispute With Raydium, Looking Forward to New Mechanisms From Other Teams
When asked during a podcast about competition with Raydium’s upcoming Launch Lab platform, Pump.Fun co-founder Alon responded: "We’re not afraid of any form of competition. This isn’t a dispute—it’s part of companies striving to deliver the best products to users. In fact, many innovative platforms in the Ethereum ecosystem and beyond have borrowed ideas from Pump.Fun and iterated upon them."
Alon believes distinct niche markets will inevitably emerge, each requiring tailored mechanisms to meet demand—a natural progression for industry evolution. "As a protocol, Pump.Fun aims to be as universal as possible and serve multiple niches. But we also recognize we can’t cover everything. That’s why I’m excited to see what new mechanisms other teams will introduce. If any achieve great success, we’d gladly explore collaboration opportunities."
Sources: OpenAI Nears $40 Billion Funding Round Led by SoftBank
Bloomberg reports that sources say OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group Corp., with participation under discussion from Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital Management.
Multiple unnamed sources indicate that Magnetar Capital, a hedge fund based in Evanston, Illinois, could contribute up to $1 billion to the round.
Market Data
Suggested Reading
This article provides an in-depth look at the Pump.Fun platform and its role and impact within the memecoin market. It covers the platform’s origins, development journey, innovative mechanisms, and perspectives on the future of memecoins. The discussion centers on the sustainability, cultural significance, and long-term trajectory of memecoins, along with insights into the launch of PumpSwap and its strategic implications.
Interview with Binance Founder CZ: The Four Months That Changed My Life
This feature interview with Binance founder Changpeng Zhao (CZ) explores his views on the crypto industry, personal experiences, future directions, and educational initiatives. Topics include Binance’s strategic partnership in Abu Dhabi, the memecoin ecosystem, Ethereum’s current state and future outlook, blockchain’s real-world application potential, and CZ’s time in prison, as well as his focus on education and social development.
This article analyzes how Western cryptocurrency exchanges such as Robinhood and Coinbase are expanding into Asian markets. It examines their localization strategies, competitive dynamics with regional players, and approaches to navigating Asia’s complex regulatory landscape.
Deep Dive Into Berachain’s Proof-of-Liquidity Mechanism
This article offers a comprehensive exploration of Berachain’s Proof-of-Liquidity (PoL) mechanism and its implications for blockchain ecosystems. Through an innovative incentive model and dual-token architecture, Berachain aims to address misaligned incentives in traditional Proof-of-Stake (PoS) systems, improve capital efficiency, and drive ecosystem growth.
From Fake Circulating Supply to Price Manipulation: The New Harvesting Logic Behind High-FDV Tokens
This article investigates the price manipulation tactics used by high Fully Diluted Valuation (FDV) tokens, revealing how venture-backed projects exploit suppressed true circulating supply and fabricated liquidity to manipulate token prices for profit while minimizing risk. It analyzes several case studies and calls for greater transparency in token economic design.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
