The US Department of Justice has disbanded its cryptocurrency enforcement team and will no longer take enforcement actions against trading platforms, cryptocurrency mixing services, and offline wallets

Mankun's legal team has released a document revealing that a virtual currency money laundering gang has reached out to college students. A male student who has just entered his junior year was introduced to do the business of "purchasing virtual currencies" while looking for part-time jobs online. The other party transferred RMB to his bank account in mainland China, took the subway to Hong Kong, and then used the money to buy coins at a USDT exchange shop on the street and transferred them to a designated wallet address. Round trip, including travel allowance, can also earn five to six hundred yuan. One day, his bank card was suddenly frozen by the bank, and he realized that it was still illegal. The number of such requests received by Mankiw Law Firm in the past six months has significantly increased, reflecting a trend that cannot be ignored: money laundering gangs are precisely targeting college students and packaging a key link in the criminal chain with high compensation.

On April 17th, according to Bloomberg citing informed sources, billionaire Michael Novogratz's Galaxy Ventures Fund I LP has raised $150 million to establish a target of approximately 30 investment portfolios. The fund invests in early-stage startups, with a focus on the payment and stablecoin sectors. The limited partners of the new fund are mainly composed of family offices and high net worth individuals. According to an anonymous source, the fund is expected to complete fundraising by the end of June, raising a total of $175 million to $180 million.

According to official announcements, Binance has announced the addition of a fiat currency channel ZEN.com, through which users can make deposits and withdrawals in Danish krone (DKK), Swedish krone (SEK), and Swiss franc (CHF). Users can use Visa/Mastercard Apple Pay、Google Pay、Blik、 Deposit fiat currency through various payment methods such as bank transfer and Skrill.

According to official sources, OKX will hold the Strategy Trading Top 100 Championship from 10:00 on April 17, 2025 (UTC+8) to 23:59 on April 26, 2025 (UTC+8). The event includes two major modules: Strategy Guaranteed Vouchers and Strategy Trading Championship. New users of the Strategy Package Coupon activity, Grid Strategy, and Martingale Strategy can sign up to receive the Strategy Package Coupon. They can create corresponding strategies within the validity period and receive up to 10 USDT in compensation if they incur losses. The strategy trading competition is open to all users. During the event, if you complete the registration and meet the trading requirements, the top 100 users on the strategy trading volume ranking list can share a prize pool of up to 100000 USDT, which means each person can receive up to 1000 USDT rewards. To participate in the event, click on the link: https://www.okx.com/campaigns/bot-competition

According to Cryptoslate, there are differences in the allocation of spot Ethereum and Bitcoin ETP between family offices and professional investors, with family offices preferring Ethereum. According to data from Bitwise as of December 31, 2024, the AUM proportion of family offices and trust configurations for spot Ethereum ETP is 0.62%, while spot Bitcoin ETP is only 0.13%. The Ethereum allocation share is almost five times that of Bitcoin (non absolute value). In terms of institutional allocation, hedge funds account for 36.97% of Bitcoin's ETP, investment advisors account for 33.11%, brokerage firms account for 14.91%, and the total allocation of the three plus small contributors such as banks exceeds 85%. The ownership distribution of Ethereum ETP is more balanced, with brokerage firms, investment advisors, and hedge funds accounting for 25.25%, 29.79%, and 24.74% respectively, and the "other" category accounting for 16.96%. Banks and pension funds have moderate product allocation compared to Bitcoin and Ethereum, with AUM ratios of 1.27% and 1.02% in Bitcoin ETP and 0.62% and 0.90% in Ethereum ETP, respectively. Private equity firms have limited participation, with allocation ratios of 2.90% and 1.11% for Bitcoin and Ethereum, respectively. The largest holders of Bitcoin and Ethereum ETP are also different. Millennium Management leads with $4.42 billion in Bitcoin ETP holdings, followed by Brevan Howard, Jane Street, and Goldman Sachs. In the Ethereum field, Goldman Sachs leads with $477 million, Jane Street with $450 million, and Millennium Management with $182 million. Institutions such as Jane Street, D.E. Shaw, and Brevan Howard appeared on both lists, indicating their extensive involvement in cryptocurrency ETP.