Crypto Morning News: Trump Seeks Supreme Court Authorization to Dismiss Senior Agency Officials, Binance Launchpool Lists WalletConnect (WCT)
TechFlow Selected TechFlow Selected
Crypto Morning News: Trump Seeks Supreme Court Authorization to Dismiss Senior Agency Officials, Binance Launchpool Lists WalletConnect (WCT)
The U.S. inflation rate in March fell more than expected.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
U.S. March Unadjusted CPI Year-over-Year at 2.4%, Below Expectations of 2.60% and Prior Value of 2.80%
According to Jin10 News, the U.S. unadjusted CPI year-over-year rate for March was 2.4%, compared to an expected 2.60% and a previous value of 2.80%.
The seasonally adjusted U.S. CPI monthly rate for March fell by -0.1%, missing the forecast of 0.10% and down from the prior month’s 0.20%.
The unadjusted core CPI year-over-year rate stood at 2.8% in March, below expectations of 3.00% and the prior reading of 3.10%.
The seasonally adjusted core CPI monthly rate came in at 0.1% for March, lower than the projected 0.30% and the previous 0.20%.
Initial Jobless Claims for the Week Ending April 5 at 223,000, in Line with Forecasts
Jin10 News reported that initial jobless claims in the U.S. for the week ending April 5 were 223,000, matching market expectations of 223,000 and up slightly from the prior week’s revised 219,000.
U.S. Inflation Rate Falls More Than Expected in March
The U.S. inflation rate dropped to 2.4% in March, exceeding expectations for a decline. The Bureau of Labor Statistics' CPI print on Thursday came in below February’s 2.8% and even below economists’ forecasts of 2.5%.
Data also showed annual core inflation rising 2.8% in March, down from February’s 3.1% level and below analysts’ consensus estimate of 3%. The Federal Reserve now faces a dilemma: whether to cut rates to counteract potential economic slowdown caused by Trump’s shifting stance on tariffs, or raise rates to prevent a resurgence in inflation.
Trump Seeks Supreme Court Authority to Fire Senior Agency Officials, Outcome Could Affect Fed Chair Tenure
According to Bloomberg, former President Donald Trump has petitioned the U.S. Supreme Court seeking permission to immediately dismiss senior officials from two independent agencies. The case involves members of the National Labor Relations Board and the Merit Systems Protection Board, with Trump urging the Court to hold a special session in May this year to hear the matter.
This legal challenge targets a 90-year-old Supreme Court precedent allowing Congress to shield certain high-ranking officials from presidential removal. A favorable ruling could set a precedent enabling the president to remove leaders of independent agencies—including the Federal Reserve Chair.
It is known that Trump has previously expressed public dissatisfaction with the current Fed Chair and voiced desire for his dismissal.
Arizona Enacts Bitcoin Mining Rights Bill into Law
According to Bitcoin Laws, Arizona has officially passed House Bill 2342 (HB 2342), which protects individuals running nodes or mining digital assets from zoning restrictions or usage bans.
The bill passed the state Senate today by a vote of 17 to 12 and has been sent to the Governor’s office for signature.
SEC Division of Corporation Finance Releases Guidance on Cryptocurrency Asset Securities Offerings
As per official announcement, the U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance issued a statement on April 10, 2025, providing regulatory guidance on the issuance and registration of securities involving crypto assets. The statement outlines how federal securities laws apply to crypto assets and lists disclosure considerations for issuers, including business description, risk factors, characteristics of the securities, and management information. This release comes under the framework of the SEC Crypto Task Force led by Acting Chairman Mark T. Uyeda, aiming to provide clarity for market participants.
SEC Publicly Notices Fidelity Solana ETF Listing Application
The U.S. Securities and Exchange Commission (SEC) announced on April 9, 2025, that it has formally accepted a proposal submitted by Cboe BZX Exchange to list the Fidelity Solana Fund. The fund will trade as Commodity-Based Trust Shares, with Solana (SOL) cryptocurrency serving as its underlying asset.
Market Rumor: VanEck Submits Application to List Avalanche ETF on Nasdaq via SEC
Market sources report that VanEck has filed an application with the U.S. SEC to launch an Avalanche ETF listed on Nasdaq.
Binance Launchpool Lists WalletConnect (WCT)
Per official announcement, Binance Launchpool has launched its 67th project – WalletConnect (WCT), an open-source network that securely and interoperably connects users to decentralized applications. The website is expected to update within approximately twelve hours after this announcement, ahead of the event opening.
Users can deposit BNB, FDUSD, and USDC into the WCT rewards pool starting from April 11, 2025, at 08:00 (UTC+8) to earn WCT tokens. The campaign will last four days.
Binance will list WalletConnect (WCT) on April 15, 2025, at 19:00 (UTC+8), launching trading pairs WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD, and WCT/TRY, under Seed Tag listing rules.
Binance Announces 490-PROMPT Airdrop for All Users with Trading History on Binance Alpha
Official news confirms that Binance will distribute a one-time airdrop of 490 PROMPT tokens to all users who have traded on Binance Alpha.
Eligibility: Limited to users who conducted trades using their spot or futures accounts on Binance Alpha before April 10, 2025, 00:00 UTC.
Qualified users will receive the tokens in their Alpha wallets by April 10, 2025, 13:10 UTC.
ZKFair Responds to Rug Pull Allegations: Funds Secure and Withdrawals Enabled; Cross-chain Bridge Upgraded from ZK to Multisig
The ZKFair Community X account responded to community concerns stating, “ZKFair funds are completely secure. The cross-chain bridge has been upgraded from the original ZK-based solution to a multisignature model.”
Previously, limited Prover capacity caused slow withdrawal speeds and poor user experience. To improve efficiency and security, fund management has transitioned to a multisignature mechanism. All funds remain safe and fully withdrawable via the ZKFair cross-chain bridge.
Prior reports from SlowMist’s Yuxian indicated suspicious activity by the ZKFair team, noting that $6 million worth of funds from the ZKFair L1 Bridge had been transferred to an admin multisig address.
Market Update
Suggested Reading
The World Is One Giant Insider Trading Scheme
This article examines Donald Trump’s manipulative behavior in financial markets, particularly how he leveraged his presidential position to influence market dynamics for personal and insider gain. It also references similar conduct by other political figures, highlighting systemic unfairness created by elite manipulation against ordinary investors.
From Law Scholar to Crypto Holder: Inside SEC’s New Chair Paul Atkins
This piece explores the background and regulatory philosophy of Paul Atkins, the newly appointed Chair of the U.S. Securities and Exchange Commission (SEC), and his potential impact on the cryptocurrency sector. Known for supporting innovation and free markets, Atkins’ appointment marks a potential turning point in the SEC’s approach to digital assets. His regulatory style contrasts sharply with that of former Chair Gary Gensler, known for aggressive enforcement. Atkins’ leadership may bring greater clarity and balanced oversight to the crypto industry.
From Tariffs to AGI: Top 10 Current AI Application Trends
This article analyzes ten major trends in artificial intelligence applications today, including tariff strategies, Ghibli-style AI art generation, AGI privacy protection, and growth in Bittensor subnet projects. It also covers advances in video generation, voice cloning, AI-powered crypto trading agents, and vibe coding, along with the current state of stablecoins and crypto payments.
Who’s Actually Investing in Crypto + AI? Insights from CoinGecko Survey
This article discusses the current state and trends of AI in cryptocurrency, based on a CoinGecko survey analyzing industry participants’ attitudes toward AI-integrated crypto projects. The survey reveals an unusually high proportion of “early adopters,” indicating that while interest is strong among tech enthusiasts, widespread adoption remains limited. The article also compares perspectives across different market cycles and identifies key challenges facing AI-crypto integration.
How Can Web3 Projects Avoid Becoming Ponzi Schemes?
This article investigates the structural elements of Ponzi schemes within Web3 projects, analyzing how various incentive and funding models can lead to unsustainable dynamics. It offers insights and recommendations for identifying and avoiding such schemes.
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
