Daily News: DeFi TVL Surpasses $100 Billion Since March; Large Token Unlocks for SUI, OP, ENA, and Others This Week

Other updates involve Token Unlocks This Week and Opinions on the market, according to multiple sources..

SEC Commissioner: U.S. Crypto Regulation is Like Playing "The Floor is Lava" in the Dark, It's Time to "Turn on the Lights"

According to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated at the SEC "Know Your Custodian" roundtable that U.S. financial institutions handling cryptocurrency business are like playing "The Floor is Lava" in the dark.

Peirce explained that SEC registrants must treat crypto-related activities as if they were playing "The Floor is Lava," aiming to jump from one piece of furniture to another without touching the floor. Here, directly dealing with cryptocurrencies is the lava. "The Washington D.C. version of this game is our regulatory approach to crypto assets, particularly crypto asset custody. Due to unclear regulatory rules, companies wanting to engage in cryptocurrencies must avoid directly holding them."

Hester Peirce stated, "It's time for us to find a way to end this game. We need to turn on the lights and build some sidewalks over the lava pits."

Economist Peter Schiff: U.S. Tariffs Won't Prompt Foreign Companies to Move Manufacturing to the U.S.

Economist Peter Schiff posted on social media that Trump believes foreign companies will either move manufacturing to the U.S. or pay tariffs to enter the lucrative U.S. consumer market, but neither will happen.

He believes these companies will continue operating their factories where they are, and U.S. consumers will either pay the tariffs or stop buying these products.

ProShares Trust Files XRP Series ETF Registration Amendments with SEC, Effective April 30

According to U.S. SEC filings, ProShares Trust has submitted post-effective amendment No. 339 and amendment No. 348 to the U.S. Securities and Exchange Commission (SEC), setting a new effective date for its three XRP-related ETF products. The amendments aim to specify the effective registration date for ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF as April 30, 2025.

Greeks.Live: Crypto Market Cautiously Bullish on Ethereum, Divergence in Bitcoin and Altcoin Options Strategies

According to Greeks.Live, the market holds a cautiously bullish attitude towards Ethereum, focusing on the ETH/BTC rate and the daily MA20 breakthrough. Analysts expect Ethereum might rise to a short-term target of $4,000, but the long-term trend remains bearish with significant upward pressure. In options strategy discussions, the community suggests maintaining a 0 to +2 delta position for long-term bullish assets like Bitcoin, primarily selling out-of-the-money put options; while for altcoins, adopting a -2 to 0 delta position, favoring selling call options.

On the macro front, several important economic data releases are expected this week (April 28 - May 2), particularly Friday's non-farm payroll and unemployment rate data. The report notes that since Trump took office three months ago, the U.S. economy and trade have faced significant impacts, with a weak stock market performance but no clear recession trend yet.

DeFi TVL Surpasses $100 Billion for the First Time Since March, Up 6% This Month

According to Defillama, the total DeFi TVL has surpassed $100 billion for the first time since March, with a 6% increase this month.

Vitalik Says Account Abstraction Only Halfway Done, Aims to Make Non-ECDSA Accounts Mainstream

Ethereum founder Vitalik Buterin recently stated on social media that Ethereum's account abstraction process is only halfway complete. Buterin emphasized that the ultimate goal is to make non-ECDSA (Elliptic Curve Digital Signature Algorithm) accounts the mainstream type in the Ethereum ecosystem. These accounts will support advanced features like multi-signature, key changes, quantum resistance, and privacy protocols. He also mentioned that the Ethereum community has recently made significant progress in simplifying the ERC-7701 standard, which will help achieve the account abstraction goal.

Ripple President: No IPO in 2025, No Need to Raise Funds or Increase Visibility

According to Finance Magnates, Ripple President Monica Long explicitly stated that the company will not conduct an Initial Public Offering (IPO) in 2025. Long explained that the company is currently financially stable, holding billions in cash, and does not need to raise funds or increase visibility through listing.

Bitget Chinese Representative: Will Issue 8 Legal Letters, Recovered Funds to Be 100% Airdropped to Users

Bitget's Chinese representative, Xie Jiayin, posted on the X, stating, "I want to clarify a few details after verifying the discussions in the community about BG issuing legal letters:

1. Bitget will issue 8 legal letters;

2. These 8 accounts are suspected to be linked to a professional arbitrage group, which is the main perpetrator of the VOXEL incident, with unjust gains exceeding $20 million;

3. The recovered funds will be 100% airdropped to platform users;

4. Apart from these 8 accounts, all other users who participated in VOXEL trading between 16:00-16:30 on April 20 and have withdrawn funds need not worry! Accounts were restored to normal on Wednesday and will not face any future liability;

5. We will soon release a complete incident report on the VOXEL event to uncover the truth."

Michael Saylor Hints at Increasing Bitcoin Holdings

Michael Saylor, founder of Strategy (formerly MicroStrategy), once again shared Bitcoin Tracker information on the X platform, stating, "Stay humble, stack sats." Based on past patterns, MicroStrategy usually discloses additional Bitcoin purchases the day after such announcements.

Large Token Unlocks for SUI, OP, ENA, and Others This Week, Total Value Over $350 Million

Token Unlocks data shows that multiple tokens will undergo unlocking events this week, with a total value exceeding $350 million. Among them:

• SUI will unlock 74 million tokens on May 1, valued at approximately $263 million, accounting for 2.28% of circulation;

• OMNI will unlock 15.98 million tokens on May 2, valued at about $40.43 million, accounting for 83.51%;

• OP will unlock 31.34 million tokens on April 30, valued at approximately $24.22 million, accounting for 1.89%;

• KMNO will unlock 229 million tokens on April 30, valued at about $14.3 million, accounting for 16.98%;

• ENA will unlock 40.63 million tokens on May 2, valued at approximately $13.95 million, accounting for 0.73%;

• ZETA will unlock 44.26 million tokens on May 1, valued at about $11.11 million, accounting for 5.67%;

• REZ will unlock 528 million tokens on April 30, valued at approximately $7.35 million, accounting for 19.57%;

• MEME will unlock 3.45 billion tokens on May 3, valued at about $7.16 million, accounting for 7.90%;

• DYDX will unlock 8.33 million tokens on May 1, valued at approximately $5.32 million, accounting for 1.09%;

• GUN will unlock 83.33 million tokens on April 30, valued at about $5.18 million, accounting for 13.79%.