Mask Network founder: We have noticed the sudden drop in MASK prices recently, and the solution will be announced within 1-2 days

Mask Network founder: We have noticed the sudden drop in MASK prices recently, and the solution will be announced within 1-2 days

The founder of Mask Network said on the X platform that the team has noticed the recent sudden drop in MASK's price and is working hard to obtain more information/details. The solution will be announced within 1-2 days.

Recently, the MASK token has encountered a sharp decline, with its price falling below $1.3 on Tuesday, a 9.2% decrease in 24 hours and 43.8% in the past seven days. In comparison, the DeFi token has risen by more than 1,000% since the beginning of this year.

A crypto whale unstaked and deposited 71,448 SOLs into Binance 20 minutes ago, according to Lookonchain.

According to Lookonchain analysis, a whale unstaked and deposited 71,448 SOLs (valued at $8.54 million) into Binance 20 minutes ago. The whale still holds 568,000 SOLs (worth $68 million) in staked tokens.

Treasure faces restructuring due to a deteriorating financial situation and will terminate game operations and Treasure Chain

John, the chief contributor of the blockchain game ecosystem Treasure DAO, announced in a proposal that due to the deterioration of financial conditions and the need for reorganization, the game operation and Treasure Chain will be terminated. The document shows that its annual operating expenses are as high as 8.3 million US dollars, and the current treasury has only 2.4 million US dollars, which was originally expected to last only until July 2025. Faced with the pressure of survival, DAO has laid off 15 people and decided to terminate the game distribution support and Treasure Chain, and assist partners to migrate to other chains.

In order to extend the capital runway, John proposed to withdraw the idle 785,000 US dollars from the market maker Flowdesk. If approved, the stablecoin balance will increase to 3.2 million US dollars, and the operation can be optimistically extended to February 2026.

In addition, the ecological fund holds 22.3 million MAGIC (worth 2.3 million US dollars), but if the price of MAGIC plummets, DAO may be unsustainable between December this year and February next year.

Ethereum Surpasses Solana in DEX Volume for the First Time in Six Months

Data from Solid Intel shows that Ethereum surpassed Solana in DEX spot trading volume in March, returning to the top position for the first time since September 2024.

Forecast market data shows that the probability of the US economy falling into recession this year exceeds 50%.

Analyst Geiger Capital said on the X platform that data from prediction market Kalshi showed that the probability of the US economy falling into recession this year has just exceeded 50%.

According to Counterpoint Research, global smartphone shipments in 2024 decreased by 13% year-on-year to 1 billion units, the lowest level since 2013. Among them, Apple's shipments fell by 17% year-on-year, while Samsung's shipments decreased by 14%.

The U.S. Treasury Secretary said on Wednesday night local time that the stock market sell-off was more due to the sharp correction of large technology stocks than the protectionist policies of the Trump administration.

According to Jinshi, U.S. Treasury Secretary Bessant said in a TV interview: "I am trying to be a Treasury Secretary, not a market commentator. I would like to point out that theNasdaqindex in particular peaked on DeepSeek Day, so this is a Mag7 (U.S. Stock Giants) problem, not a MAGA problem."

According to Benzinga, the cryptocurrency market reacted negatively to 'Liberation Day' on April 4.

Arthur Hayes, co-founder of BitMEX, said on X that the market is expected to eliminate the risk if Bitcoin can hold the key level of $76,500 before the U.S. tax day on April 15.

According to The Block, Standard Chartered Bank has begun to conduct coverage research on the Layer 1 blockchain Avalanche and said that it expects the network's native token AVAX to rise more than tenfold from the current level of about $20 to $250 by the end of 2029.

Geoffrey Kendrick, the bank's global head of digital asset research, said in the latest report: "One positive aspect of the tariff storm is that it gives us an opportunity to readjust and pick the winners of the next round of digital asset price increases. I think Avalanche will be another winner, perhaps a winner in the Ethereum Virtual Machine (EVM)