Binance will support Ethereum network upgrades and hard forks, suspending deposit and withdrawal services for multiple EVM chains
A wallet suspected to be associated with Jeffy Yu sold ZEREBRO and transferred more than one million US dollars to the developer address. According to Lookonchain monitoring, a wallet suspected to be associated with Jeffy Yu sold 35.55 million $ZEREBRO for 8,572 SOL (about $1.27 million), and then transferred 7,100 SOL (about $1.06 million) to the $LLJEFFY developer wallet "G5sjgj ".
Binance will support Ethereum network upgrades and hard forks, suspending deposit and withdrawal services for multiple EVM chains. According to Binance's announcement, Binance will suspend the deposit and withdrawal of tokens of ETH, Arbitrum, Optimism, zkSync Era, Base, Manta, Starknet, Polygon, Metis, Scroll, Cyber, Metal DAO, Celo and Worldcoin networks from 17:45 (Beijing time) on May 7, 2025 to support the upgrade and hard fork of the ETH network at 18:05. Transactions will not be affected during this period, and Binance will handle technical issues on behalf of the network. Deposit and withdrawal will be resumed after the network is stable without further notice.
Bitwise applies for NEAR spot ETF, NEAR joins the US SEC review queue. According to Cointelegraph, crypto asset management company Bitwise has submitted an S-1 document to the U.S. Securities and Exchange Commission (SEC) to apply for the launch of a spot ETF that tracks NEAR tokens. The fund will be managed by Coinbase Custody, and the ETF's trading code, management fee rate, and listing exchange have not yet been disclosed. Bitwise registered the NEAR Trust in Delaware on April 28 and plans to submit a 19b-4 document to formally start the approval process.
China's central bank cuts interest rates and reserve requirement ratio. Pan Gongsheng, governor of the People's Bank of China, announced at a press conference held by the State Council Information Office that the reserve requirement ratio will be reduced by 0.5 percentage points and the policy interest rate will be reduced by 0.1 percentage points. Specifically: First, the deposit reserve ratio will be reduced by 0.5 percentage points, which is expected to provide about 1 trillion yuan of long-term liquidity to the market. Second, the deposit reserve system will be improved, and the deposit reserve ratio of auto finance companies and financial leasing companies will be reduced from the current 5% to 0% in stages. Third, the policy interest rate will be reduced by 0.1 percentage points, that is, the 7-day reverse repurchase operation interest rate in the open market will be reduced from the current 1.5% to 1.4%, which is expected to drive the loan market benchmark rate (LPR) to decline by about 0.1 percentage points at the same time. Fourth, the interest rate of structural monetary policy tools will be reduced by 0.25 percentage points, including: the interest rates of various special structural tools and the interest rates of re-loans for supporting agriculture and small businesses will be reduced from the current 1.75% to 1.5%; the interest rate of mortgage supplementary loans (PSL) will be reduced from the current 2.25% to 2%. In addition, the central bank will lower the interest rate of individual housing provident fund loans by 0.25 percentage points, and the interest rate for the first set of houses with a term of more than 5 years will be reduced from 2.85% to 2.6%. The interest rates of other terms will be adjusted simultaneously. The re-lending quota for scientific and technological innovation and technological transformation will be increased by 300 billion yuan from the current 500 billion yuan to 800 billion yuan, and the implementation of the "two new" policies will be continuously supported. The People's Bank of China will set up 500 billion yuan of service consumption and pension re-lending to increase low-cost funding support for key consumer areas.
The founder of the Zerebro project admitted to faking his death and exiting the crypto world. This is the first “faked death and exit” incident in the crypto world. According to Hey Anon founder, the founder of Zerebro admitted in a private letter that he faked the suicide incident in order to completely withdraw from the public eye and get rid of harassment and blackmail. He explained that if he left the market publicly, it would cause his project tokens $ZEREBRO and $OPAIUM to plummet, users would panic sell, and he might also face more serious personal threats. At present, he has deactivated all social accounts and plans to create music anonymously. He said that he did not make any profit from it, but only sought safety and privacy.
