Crypto Morning News: U.S. consumer confidence plunged to its lowest level in nearly five years in April, while Trump Media & Technology Group is considering launching a token for the Truth Social ecosystem
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Crypto Morning News: U.S. consumer confidence plunged to its lowest level in nearly five years in April, while Trump Media & Technology Group is considering launching a token for the Truth Social ecosystem
Fears over tariffs dragging down economic prospects sent U.S. consumer confidence plunging in April to its lowest level in nearly five years.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
U.S. Treasury Secretary Bessent: U.S. to hold talks with at least 17 partners in coming weeks to secure long-term agreements
According to Jinshi Data, U.S. Treasury Secretary Bessent stated that there is a strong possibility of seeing income tax reductions within the tax bill, with tariff revenues potentially used for tax cuts. He expressed hopes of securing long-term tariff revenues and agreements, noting that the U.S. will engage in discussions with at least 17 partners over the coming weeks. President Trump is creating strategic uncertainty in negotiations, though the scope of this uncertainty will gradually narrow. Vice President Vance and Indian Prime Minister Modi have made solid progress.
U.S. Commerce Secretary: America will strongly promote domestic Bitcoin mining industry development
According to Bitcoin Magazine, U.S. Commerce Secretary Howard Lutnick stated that the United States will strongly promote the development of the Bitcoin mining industry within its borders.
Tariff concerns drag economic outlook as April U.S. consumer confidence plunges to nearly five-year low
According to Jinshi Data, the U.S. Conference Board Consumer Confidence Index for April fell to its lowest level in nearly five years, pressured by growing concerns over tariffs and their impact on the economic outlook. The index dropped 7.9 points to 86.0—the weakest reading since May 2020. Stephanie Guichard, senior economist for global indicators at The Conference Board, said: "Consumer confidence declined for the fifth consecutive month in April, reaching its lowest level since the onset of the pandemic." Tomorrow’s GDP data release is expected to show a sharp slowdown in first-quarter economic growth, driven by businesses rushing to import goods to avoid rising tariff-related costs—causing an import surge. Consumer spending may also slow significantly, weighed down by persistently high inflation and concerns about tariffs’ broader economic effects, prompting some households to cut back on spending to preserve savings.
Trump Media & Technology Group considering launching an app token for Truth Social ecosystem
According to The Block, Trump Media & Technology Group is considering launching an application token designed for use within the "Truth Digital Wallet," allowing users to pay for "Truth+ subscription fees" and other products and services within the ecosystem.
The company filed a trademark application last November for the fintech project Truth.Fi, covering services related to "downloadable digital wallet software."
Tether CEO Paolo Ardoino stated that the newly minted USDT was for inventory replenishment and constituted an authorized but previously unissued transaction.
Tether mints 2 billion USDT on Ethereum chain early today
According to Whale Alert monitoring, at 02:18 and 02:22 Beijing time today, Tether Treasury minted a total of 2 billion USDT via two transactions on the Ethereum blockchain.
Tether CEO Paolo Ardoino stated that the newly minted USDT was for inventory replenishment and constituted an authorized but previously unissued transaction.
Binance: Sub-accounts are not eligible to earn Alpha Points independently and will not participate separately in airdrops
Binance posted on social media clarifying that regarding Alpha Points, according to the relevant FAQ: “Only main accounts are eligible to earn Alpha Points; assets in sub-accounts will be aggregated into the main account’s point tally. Distributing assets across multiple accounts to gain additional points is not permitted.” Therefore, sub-accounts do not have independent eligibility to earn Alpha Points and will not participate individually in airdrops.
Privacy blockchain Miden raises $25 million in seed round led by a16z
According to Fortune, Miden, a privacy-focused blockchain project founded by former Meta engineers, has announced the completion of a $25 million seed funding round co-led by Andreessen Horowitz’s crypto division, Hack VC, and 1kx. Leveraging zero-knowledge proof technology, Miden claims it can deliver transaction privacy without sacrificing performance, addressing the longstanding trade-off between privacy and efficiency in traditional blockchains. Polygon Labs, which incubated the project, did not participate in this round but has agreed to allocate approximately 10% of Miden’s future cryptocurrency supply to Polygon token holders.
Haedal unveils tokenomics: 1 billion total supply, initial circulating supply at 19.5% of total
Per an official announcement, Haedal, a liquid staking protocol on the Sui ecosystem, has released its tokenomics with a total supply of 1 billion tokens and an initial circulating supply representing 19.5% of the total.
Distribution breakdown: 55% allocated to ecosystem incentives, 10% to liquidity funds, 15% to investors, and 20% to team and advisors.
Prior news: Binance Alpha will launch Haedal Protocol (HAEDAL) on April 29.
AgentGo releases major update empowering developers to build powerful AI Agents
AgentGo has announced a major update further enhancing the functionality of its decentralized Browser Runtime network—the world’s first—delivering a more efficient AI Agent development experience for developers. Driven by MinionLab, this update aims to help developers create smarter, more efficient AI Agents through high concurrency and robust anti-blocking capabilities.
According to an official announcement from MinionLab, AgentGo now allows users to directly view real-time task completion status of AI Agents within the backend Playground. It also introduces new features for saving and managing Session records. This update greatly facilitates developers building and debugging AI Agents under high-concurrency conditions, ensuring transparency and traceability in task execution.
DWF Labs announces becoming market maker for JST token
According to an official tweet, DWF Labs has announced a partnership with JUST DAO and will serve as the market maker for JST.
Ethereum Foundation: Focus for the next year includes mainnet scaling, blobscaling, and improving user experience
According to a blog post from the Ethereum Foundation, newly appointed co-executive directors Hsiao-Wei Wang and Tomasz Stańczak have issued a joint statement outlining their key priorities for the coming year. The statement indicates that the Ethereum Foundation will focus on three main areas: mainnet scaling, blobscaling, and improving user experience—including Layer 2 interoperability and application-layer enhancements.
The foundation will continue to uphold its core principles of censorship resistance, open-source innovation, privacy protection, and security. The two executive directors emphasized plans to strengthen internal operations, enhance developer and user experiences, improve ecosystem coordination, and maintain Ethereum’s role as a decentralized public good. Additionally, the foundation will deepen collaboration with Layer 2 networks, aiming to foster synergistic ecosystem development through architectural optimization and improved interoperability.
Market Update
Suggested Reading
Has Virtuals bounced back? A deep dive into Genesis Launch's 'newbie-plus-veteran' model
This article introduces Virtuals’ new mechanism, Genesis Launch, which grants priority access to new AI agent tokens based on token holdings and earned points. This system simplifies the process of participating in new launches (“IPO farming”) while encouraging ecosystem contributions through a points system, thereby helping drive up prices of legacy assets.
Naval’s latest interview: 44 harsh truths about human nature
This article summarizes Naval Ravikant’s recent interview, covering his insights on happiness, success, wealth creation, and life philosophy. Naval emphasizes the importance of living in the present, arguing that happiness and success are not mutually exclusive but complementary. He also explores the difference between wealth and status, underscoring authenticity and self-awareness.
Post-to-mine: Understanding subs.fun, the tokenized forum integrating AI agents
This article introduces subs.fun, a novel platform combining AI technology with crypto-economic mechanisms to build a community-driven, value-sharing internet universe. Users can post, trade, and earn rewards through content contributions in tokenized subforums. The platform leverages token-gating and AI agents called Subagents to boost community engagement and knowledge sharing. The founding team brings extensive experience in internet product management and Web3 entrepreneurship. Users can create their own subforums by setting basic information, providing seed data, designing a subagent, and paying a setup fee.
Top 10 emerging Launchpad platforms: From AI Agents to MEMEs, Solana emerges as the 'launch center'
This article highlights several emerging Launchpad platforms within the Solana ecosystem, primarily focused on MEME, AI Agent, and SocialFi sectors. It provides detailed analysis of each platform’s unique features, innovative mechanisms, and market performance.
Citigroup's 'stablecoin' report: Digital dollars, from cypherpunks to central banks
This article explores the application prospects of blockchain and stablecoins in finance and the public sector, analyzing the stablecoin market size, driving factors, and challenges. It suggests that 2025 could become a “ChatGPT moment” for blockchain in these domains and forecasts significant market growth by 2030.
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