Daily News: DeFi Development Corp. Plans $1 Billion Securities Issuance to Increase SOL Holdings; Binance Announces Listing and Delisting Standards

Other updates involve TON's announcement about the discontinuation of the Toncoin Bridge on May 10 and updates in the crypto world, according to multiple sources..

Trump: China Must Make Substantial Concessions, Otherwise Tariffs Will Not Be Lifted

According to Jin10.com citing CCTV, on the 25th local time, U.S. President Trump told reporters on Air Force One that unless China makes substantial concessions, tariffs imposed on China will not be lifted. Over the past week, the U.S. has been sending confusing and even contradictory signals regarding tariffs on China. On the evening of the 25th, a spokesperson for the Chinese Embassy in the U.S. emphasized that there have been no consultations or negotiations between China and the U.S. on the tariff issue, let alone any agreement. If the U.S. truly wants to resolve issues through dialogue and negotiation, it should correct its mistakes, stop threats and extortion, and completely cancel all unilateral tariff measures against China. Saying one thing about reaching an agreement with China while continuously exerting extreme pressure is not the correct way to interact with China and will not work.

Trump Admits "Ending Russia-Ukraine Conflict in 24 Hours" Remarks Were a Joke

According to the Global Times, U.S. President Trump admitted in an interview with Time magazine that his campaign claim to "end the Russia-Ukraine conflict on the first day in office" was merely an exaggerated joke. Trump called the conflict, which has lasted over three years, "Biden's war" and stated that Ukraine provoked the conflict with Russia to join NATO, and Crimea should remain under Russian control. He also mentioned on social media that negotiations with Russia and Ukraine are progressing well, and both parties are "very close" to reaching an agreement.

Arizona Bitcoin Reserve Bill to Undergo Third Reading on Monday, May Enter Final Voting Stage

According to Bitcoin Laws, two Bitcoin reserve bills in Arizona are set to undergo a third reading on Monday local time and may proceed to final voting. If passed, Arizona is poised to become the first U.S. state to complete state-level Bitcoin reserve legislation.

Coinbase Chief Legal Officer Calls for Lifting SEC Employee Digital Asset Holding Ban

Coinbase Chief Legal Officer Paul Grewal recently questioned the U.S. Securities and Exchange Commission (SEC) policy prohibiting employees from holding or using digital assets. Grewal stated that such potential conflicts of interest can be managed and called for the Office of Government Ethics to revoke and update advisory opinion 22-04, while also urging the cryptocurrency task force to issue exemptions.

World's First Spot XRP ETF Listed on Brazilian Exchange

According to Cryptoslate, the world's first spot XRP ETF, launched by Hashdex in collaboration with Genial Investimentos, officially began trading on April 25 on the Brazilian stock exchange B3. The ETF is listed under the code XRPH11 and tracks the Nasdaq XRP Reference Price Index, promising to allocate at least 95% of net assets to XRP.

This is the ninth ETF launched by Hashdex on the Brazilian exchange, expanding its single-asset ETF product line, which already includes products based on BTC, ETH, and SOL.

Binance Announces Listing and Delisting Standards

Binance detailed its listing and delisting standards:

• Binance Alpha Select Listing: For non-circulating projects, focus on project fundamentals and performance indicators, token economics, technical risks, team background, and compliance review; for circulating projects, emphasis on secondary market performance and token distribution, while still focusing on project fundamentals and performance indicators, token economics, technical risk assessment, and team background.

• Contract Listing: For projects already launched on the Alpha platform section, mainly focus on secondary market performance, provided there are no significant negative changes in project fundamentals, token unlocking plans, team status, and other key indicators.

• Spot Listing: For projects already launched on the contract platform and/or Alpha platform and circulating, mainly focus on secondary market performance, provided there are no significant negative changes in project fundamentals, token unlocking plans, team status, and other key indicators.

• Delisting Standards: Mainly focus on team governance issues, market performance and trading activity issues, product and/or network security issues.

Additionally, the announcement mentioned the application methods for listing:

• Spot Listing: Submit Binance general listing application form.

• Contract Listing: Send application via email.

• Alpha Select: Projects interested in joining Binance Alpha can submit applications through the official Alpha application form.

Arthur Hayes: The Bull Market is Back, It's Time to Celebrate

BitMEX co-founder Arthur Hayes stated in an article, "The bull market is back, it's time to celebrate."

Alpaca Finance: Market Makers Request Temporary Issuance of ALPACA Tokens to Support User Trading Demand

Alpaca Finance announced that Binance will delist the ALPACA token in the coming weeks. Users can still trade ALPACA on other exchanges.

Due to today's trading volume exceeding 1 billion ALPACA tokens, market makers have requested Alpaca Finance to temporarily issue additional ALPACA tokens from the reserve vault to support user trading needs on Binance during the remaining trading period. The project team stated that these additional tokens will be returned to the reserve vault once the trading volume decreases.

TON Announces Discontinuation of Toncoin Bridge on May 10

According to an official announcement, TON will officially discontinue the Toncoin Bridge on May 10. After this date, users will no longer be able to transfer Toncoin from TON to the Ethereum or BNB Smart Chain via the bridge, but previously bridged assets can still be claimed. Currently, the bridging function between Toncoin and TON will be temporarily retained, with the termination date to be announced later.

DeFi Development Corp. Files $1 Billion Securities Registration Statement, Part of Funds for Increasing SOL Holdings

According to official reports, DeFi Development Corp. (formerly Janover Inc.) filed a $1 billion S-3 with the U.S. Securities and Exchange Commission on April 25, 2025. The company plans to raise funds through the issuance of various securities, including common stock, preferred stock, bonds, and warrants, primarily to purchase Solana cryptocurrency.

Elon Musk's XAI Holdings in Talks for $20 Billion Funding, Valuation May Exceed $120 Billion

According to Bloomberg, Elon Musk's XAI Holdings is in discussions with investors to raise approximately $20 billion for its newly merged AI and social media business. Sources reveal that if the deal is completed, the company's valuation will exceed $120 billion, making it the second-largest startup funding round in history, second only to OpenAI's $40 billion fundraising earlier this year.