Base officially clarified that the two Meme coins it promoted in the early morning were not official brand tokens

At 3:12 am Beijing time today, Base officially released the Meme coin "Base is for everyone" on the Zora platform. The market value once soared to 15 million US dollars, and the current market value is about 6.4 million US dollars

Base officially clarified that the two Meme coins it promoted in the early morning were not official brand tokens

At 3:12 am Beijing time today, Base officially launched the Meme coin "Base is for everyone" on the Zora platform. The market value once soared to 15 million US dollars, and the current market value is about 6.4 million US dollars. Then at 4:30, the second Meme coin named "Base @ FarCon 2025" was launched, with a current market value of 188,800 US dollars.

Base officials subsequently issued a statement saying that this move is aimed at encouraging content to be put on the chain and promoting the development of on-chain culture, and that Base has never sold these tokens, and these tokens are not official brand tokens of Base, Coinbase or any related products. Officials said that this is a public experiment and will continue to explore how cultural content can be expressed on the chain.

The U.S. SEC will hold the third crypto policy roundtable on April 25, focusing on custody issues

According to crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has announced details of its third cryptocurrency policy roundtable. The April 25 meeting will focus on custody issues, with two panel discussions - one on broker-dealers and wallet custody, and the other on investment advisors and investment company custody.

Members of the broker-dealer panel include: Jason Allegrante of Fireblocks, Rachel Anderika of Anchorage Digital, Terrence Dempsey of Fidelity Investments, Mark Greenberg of crypto exchange Kraken, Veronica McGregor of Exodus, Brandon Russell of Etana Custody, and Tammy Weinrib of Copper.co.

South Korea's FSC will draft the specific content of stablecoin regulatory regulations in the second half of this year as originally planned

South Korea’s Financial Services Commission (FSC) has reiterated its commitment to a smooth and timely development of a regulatory framework for stablecoins, according to the Daily News. This comes after the South Korean government announced plans to review the second phase of legislation for its broader virtual asset framework, with stablecoin regulation being a key priority.

As reported by Korea Economic TV, the FSC confirmed that it will stick to its original schedule, with the goal of drafting the details of the second phase of regulation in the second half of this year. A dedicated task force consisting of relevant government agencies will be responsible for organizing this process.

Moreover, the commission stated that it will be strengthening its monitoring of the virtual asset market in response to the recent surge in market volatility. These efforts will include keeping a close eye on the activity of stablecoins and other cryptocurrencies to ensure the optimal protection of cryptocurrency users.

North Carolina advances HB 92 to allow state treasurer to invest in digital assets

According to the report, North Carolina’s HB 92 bill has been passed by the House Pension and Retirement Committee and will proceed to the House floor. The bill expands the investment scope of state funds to include digital assets, specifically allowing the state treasurer to invest in eligible digital assets such as Bitcoin.

The bill aims to provide the state treasurer with broader discretion in seeking out new investment opportunities to maximize returns on state funds. It also directs the state treasurer to consider the risks and opportunities posed by digital assets in making investment decisions.

To ensure proper management of digital asset investments, the bill requires the state treasurer to report on any digital asset holdings and related transactions in the annual investment report to the legislature. This measure promotes transparency and accountability in the use of state funds.

Publicly traded Bitcoin mining companies sold 40% of their mining output in March

According to TheMinerMag, listed Bitcoin miners stepped up their Bitcoin selling in March, recording the highest monthly liquidation rate since October 2024. Fifteen listed Bitcoin miners sold more than 40% of their total Bitcoin production last month, reversing the recent trend of "HODL".

The increase in sales suggests that miners may be dealing with shrinking profit margins amid continued low hash prices and increased trade war uncertainty. It is worth noting that the data sample since January 2025 has excluded Bit Digital, Argo, Terawulf and Stronghold because they no longer provide monthly updates. In addition, given that Core Scientific has stopped disclosing relevant information since February, its Bitcoin reserves are assumed to be zero.

With Bitcoin hash prices hovering near cycle lows and transaction fees in blocks falling to 1.1%, mining "holders" appear to have once again begun to rely on their Bitcoin reserves to maintain operations and enhance liquidity. CleanSpark said on Tuesday that it will begin selling part of its monthly production to cover operating expenses while using its Bitcoin reserves to fund growth plans.

The new round of selling also coincides with an increase in capital expenditures across the industry. Several major mining companies have announced infrastructure expansions, ASIC upgrades, or diversification into high-performance computing - all of which require