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Project Overview
Based is an on-chain consumer "Super App" and a primary gateway to the Hyperliquid ecosystem, unifying perpetuals trading, prediction markets, and real-world crypto spending. Backed by Coinbase Ventures, the platform features a self-custodial wallet and the Based Card, a Visa-powered solution that allows users to spend their crypto at over 90 million merchants worldwide, effectively bridging decentralized finance with everyday financial utility.
Caixin: SpaceX IPO First Day Free Float Market Cap Could Be Between $440 Billion and $530 Billion
Caixin published an article titled "SpaceX's $1.75 Trillion IPO Approaches: Who Can Buy and Is It Worth It?", which points out: Wall Street has never encountered a listed company with such a massive IPO scale while simultaneously having such a complex relationship with the U.S. government. Nasdaq has previously passed a new "Fast Entry" rule, allowing newly listed companies with a market capitalization ranking among the top 40 of the Nasdaq 100 Index to be quickly included in the Nasdaq 100 within 15 trading days after listing. This rule will officially take effect on May 1, 2026, and is also considered to be designed for the upcoming SpaceX IPO, while potentially paving the way for the listings of OpenAI and Anthropic, which may occur in 2026 or 2027.Assuming SpaceX lists with a $1.75 trillion valuation and a free float ratio of 25% to 30%, the free float market cap on the first day of the IPO would be approximately between $440 billion and $530 billion. Based on the weight calculation of the Nasdaq 100, SpaceX would directly enter the top ten weighted stocks. According to market sources, the S&P 500 is also evaluating some form of "fast inclusion" plan, though details have not yet been disclosed. (Caixin)
Solv Protocol Integrates Utexo to Launch Native Bitcoin Yield Solutions Based on RGB and the Lightning Network
According to GlobeNewswire, Solv Protocol announced a strategic integration with Utexo to launch a native Bitcoin yield solution built on the RGB protocol and the Lightning Network. This solution enables atomic swaps between native BTC and USDT—without wrapping, cross-chain bridges, or custodians. It emphasizes self-custody, privacy protection, and final settlement, aligning with Tether’s prior announcement of natively issuing USDT on an RGB-compatible Lightning Network. Additionally, Solv participated as a strategic angel investor in Utexo’s $7.5 million seed funding round, led by Tether.
Polymarket's "Powell says 'Good Afternoon' at April Press Conference" probability hits 98%, trading volume exceeds $57,000
According to monitoring by the Odaily Seer Prophecy Channel, in the Polymarket prediction event regarding "What will Powell say at the April press conference," the probability of purchasing "Good Afternoon" has risen to 98.3%. As the transaction price is close to 98.3¢, the total trading volume for this event currently stands at $57,749.In related context, Federal Reserve Chairman Powell is about to hold the April monetary policy press conference. As his term is set to expire in mid-next month, this press conference is viewed as a final act of his career. Based on historical precedent, Powell habitually greets the media with "good afternoon" at the start of each press conference. Although the market is currently under pressure from a high-interest-rate environment, bettors have shown extremely high consensus in predicting this customary phrasing.The Odaily Seer Prophecy Channel continues to monitor the prediction market, observing changes before prices are set.
Charge Withdrawn in Mong Kok Hotel Rape Case; Two Mainland Chinese Men Released After More Than Five Months in Custody
According to Sing Tao Daily, two mainland Chinese men holding Two-way Permits—Wang Bochuan (27 years old, business consultant) and Xu Zilan (24 years old, salesperson)—were charged with raping a woman on November 4, 2025, at Regal Hotel Mong Kok (23 Tai Nan Street). Both defendants faced one count of rape and have been in custody since mid-November 2025—over five months. The case was mentioned today (April 18) at the West Kowloon Magistrates’ Courts, where the prosecution’s application to withdraw the charges was granted. One defendant applied for costs of the proceedings; the prosecution opposed the application, stating that both defendants had admitted to having sexual intercourse with the complainant and only agreed to provide their mobile phone passwords to police for investigation in the month following their charge. Based on this, the prosecution sought further legal advice before deciding to withdraw the charges. The judge ruled that the defendant had not incriminated himself and approved the application for costs. It has been confirmed that the two individuals were formerly BD staff at ME (formerly MetaEra).
South Korea Pilots Blockchain-Based Deposit Tokens
Odaily News South Korea's Ministry of Economy and Finance has selected a new blockchain digital currency utilization pilot project under its 2026 regulatory sandbox framework. The project will explore the use of deposit tokens for executing business promotion expenses, aiming to test the application of blockchain technology in national fiscal operations.Currently, business promotion expenses in South Korea are primarily executed through government procurement cards, and their use during restricted hours such as late nights or weekends requires additional justification. Limited by the "National Fiscal Management Act," previous payment methods were relatively singular. The approval of this regulatory sandbox creates an exception for the use of deposit tokens.The Ministry stated that by pre-setting conditions such as expenditure timing and industry categories, deposit tokens are expected to enhance execution transparency and reduce the cost burden on small business owners by removing intermediaries from the payment flow. The Ministry of Economy and Finance plans to officially launch the pilot in the fourth quarter of 2026, with Sejong City designated as the first implementation area. Furthermore, South Korean regulators are simultaneously strengthening oversight of stablecoins, tokenized real-world assets, and automated trading.
South Korea to pilot blockchain-based deposit tokens for government department operational funding
According to Newsis, South Korea’s Ministry of Economy and Finance announced on April 16 that the pilot project titled “Blockchain-Based Digital Currency for Treasury Fund Disbursement” has been selected as one of the targeted regulatory sandbox initiatives for 2026. Under this pilot, government agencies’ operational expense disbursements—currently made via government procurement cards—will instead be issued and paid using blockchain-based deposit tokens. The South Korean government stated that this initiative is expected to enhance fund usage transparency by predefining permissible usage timeframes and eligible industries, while also reducing transaction fees for small merchants through a disintermediated payment structure. The pilot is scheduled to officially launch in the fourth quarter of this year, initially in Sejong City, with gradual expansion to other regions thereafter.
73 associated wallets hold 299.6 million SKYAI, no selling signals detected yet
Evening Trader Group stated that a coordinated wallet cluster has held a significant portion of the SKYAI token supply for nearly a year. Currently, 73 associated wallets collectively hold 299.6 million SKYAI, with a position market value of approximately $69.6 million. Fund flow tracking shows that the cluster gradually accumulated tokens through multiple intermediary wallets, completing its initial position building a year ago via PancakeSwap and centralized exchanges at a price of $0.0399. Based on the current price, the overall return rate is approximately 476%. As of now, no on-chain signals related to token distribution or dumping have been detected.
Polymarket's "Powell says 'Good Afternoon' at April Press Conference" probability hits 98%, trading volume exceeds $57,000
According to monitoring by the Odaily Seer Prophecy Channel, in the Polymarket prediction event regarding "What will Powell say at the April press conference," the probability of purchasing "Good Afternoon" has risen to 98.3%. As the transaction price is close to 98.3¢, the total trading volume for this event currently stands at $57,749.In related context, Federal Reserve Chairman Powell is about to hold the April monetary policy press conference. As his term is set to expire in mid-next month, this press conference is viewed as a final act of his career. Based on historical precedent, Powell habitually greets the media with "good afternoon" at the start of each press conference. Although the market is currently under pressure from a high-interest-rate environment, bettors have shown extremely high consensus in predicting this customary phrasing.The Odaily Seer Prophecy Channel continues to monitor the prediction market, observing changes before prices are set.
A whale deposited SOL withdrawn from Kraken 11 months ago into Binance, facing an unrealized loss of $17.62 million
According to Onchain Lens monitoring, a whale deposited 211,694 SOL into Binance today, worth $177,700. The whale withdrew 200,010 SOL from Kraken 11 months ago, when it was worth $353,900. Based on current prices, the whale is facing a loss of $17.62 million.
Tether’s BTC reserve address recently withdrew 951 BTC from Bitfinex, valued at approximately $70.47 million.
According to on-chain analyst Yujin (@EmberCN), Tether—the issuer of USDT—recently withdrew 951 BTC (worth approximately $70.47 million) from Bitfinex to its BTC reserve address. This batch of Bitcoin was purchased in Q1 this year using 15% of the company’s profits. Tether’s BTC reserve address currently holds a total of 97,141 BTC, valued at approximately $7.2 billion, making it the world’s fifth-largest BTC wallet. Based on the price at the time of withdrawal, its average acquisition cost is approximately $51,312 per BTC, with an unrealized profit of roughly $2.175 billion.
Analyst: Bitcoin’s Key “Value Zone” Emerges—Current Volatility May Present a Cycle-Level Entry Opportunity
Crypto analyst Ali published a detailed analysis on X, arguing that rather than debating whether Bitcoin has hit its bottom, market participants should focus on whether the current volatility represents a “generation-defining entry opportunity.” Based on long-term trend lines, on-chain liquidity, and cost distribution metrics, Ali delineates the core “value range” for this cycle. On the support side, the UTXO Realized Price Distribution (URPD) shows a significant concentration of coins in the $63,111–$70,685 range, forming the current primary support zone; if price breaks below $63,111, the market may enter a liquidity vacuum. From a long-term perspective, Bitcoin is approaching the key upward trend line from the past decade (approximately $56,000–$60,000), a level historically associated with accumulation phases preceding major rallies.
OpenAI CEO Accuses Anthropic of “Fear-Based Marketing” with Claude Mythos
According to Decrypt, OpenAI CEO Sam Altman stated that Anthropic is promoting its AI model Claude Mythos through “fear-based marketing,” using narratives about security risks to justify its limited-open strategy. Claude Mythos has recently drawn attention for its ability to autonomously discover software vulnerabilities and perform complex cybersecurity operations. The report notes that Mozilla previously disclosed that the model identified 271 vulnerabilities in the Firefox browser during testing. Meanwhile, discussions surrounding the model’s potential offensive cybersecurity risks continue to intensify. Altman also emphasized that OpenAI will not scale back its infrastructure investments and will continue expanding its computational capabilities.
Ledger CTO Analyzes Post-Quantum Cryptography Migration, Blockchain Favors Hash-Based Signature Schemes
Ledger Chief Technology Officer Charles Guillemet pointed out that the development of post-quantum cryptography has entered a critical stage. Although the timeline for a practical quantum computer remains unclear, a full-scale migration of the encryption systems across the industry is an inevitable trend. Led by NIST, the traditional sector plans to phase out high-risk algorithms by 2030 and completely ban them by 2035, with government and enterprise institutions expected to complete their migration layouts by 2029. Encryption and key exchange will adopt ML-KEM to defend against quantum decryption attacks on harvested data, with digital signatures becoming the core of blockchain transformation. The traditional industry prefers ML-DSA hybrid schemes, while the blockchain sector favors the more secure and robust SLH-DSA hash-based signature. Both schemes have their respective advantages and disadvantages. The compatibility challenges of post-quantum algorithms with MPC and threshold signatures remain a key risk that the industry urgently needs to address.
Polymarket's "Powell says 'Good Afternoon' at April Press Conference" probability hits 98%, trading volume exceeds $57,000
According to monitoring by the Odaily Seer Prophecy Channel, in the Polymarket prediction event regarding "What will Powell say at the April press conference," the probability of purchasing "Good Afternoon" has risen to 98.3%. As the transaction price is close to 98.3¢, the total trading volume for this event currently stands at $57,749.In related context, Federal Reserve Chairman Powell is about to hold the April monetary policy press conference. As his term is set to expire in mid-next month, this press conference is viewed as a final act of his career. Based on historical precedent, Powell habitually greets the media with "good afternoon" at the start of each press conference. Although the market is currently under pressure from a high-interest-rate environment, bettors have shown extremely high consensus in predicting this customary phrasing.The Odaily Seer Prophecy Channel continues to monitor the prediction market, observing changes before prices are set.
Michael Saylor releases Bitcoin Tracker information again, with potential accumulation data disclosure next week
Odaily Strategy founder Michael Saylor has once again released Bitcoin Tracker-related information, captioning it: “The ₿eat Goes On”Based on previous patterns, Strategy typically discloses its Bitcoin accumulation data the day after such announcements.
Bithumb to List BASED
Odaily News According to an official announcement, South Korean cryptocurrency exchange Bithumb will list BASED on the Korean Won market.
Solv Protocol Integrates Utexo to Launch Native Bitcoin Yield Solutions Based on RGB and the Lightning Network
According to GlobeNewswire, Solv Protocol announced a strategic integration with Utexo to launch a native Bitcoin yield solution built on the RGB protocol and the Lightning Network. This solution enables atomic swaps between native BTC and USDT—without wrapping, cross-chain bridges, or custodians. It emphasizes self-custody, privacy protection, and final settlement, aligning with Tether’s prior announcement of natively issuing USDT on an RGB-compatible Lightning Network. Additionally, Solv participated as a strategic angel investor in Utexo’s $7.5 million seed funding round, led by Tether.
Michael Saylor Releases Bitcoin Tracker Update Again; May Add to Bitcoin Holdings Next Week
Based on previous patterns, Strategy always discloses its Bitcoin purchases the day after related announcements are made.
Analyst: Bitcoin’s Key “Value Zone” Emerges—Current Volatility May Present a Cycle-Level Entry Opportunity
Crypto analyst Ali published a detailed analysis on X, arguing that rather than debating whether Bitcoin has hit its bottom, market participants should focus on whether the current volatility represents a “generation-defining entry opportunity.” Based on long-term trend lines, on-chain liquidity, and cost distribution metrics, Ali delineates the core “value range” for this cycle. On the support side, the UTXO Realized Price Distribution (URPD) shows a significant concentration of coins in the $63,111–$70,685 range, forming the current primary support zone; if price breaks below $63,111, the market may enter a liquidity vacuum. From a long-term perspective, Bitcoin is approaching the key upward trend line from the past decade (approximately $56,000–$60,000), a level historically associated with accumulation phases preceding major rallies.
Related news
73 associated wallets hold 299.6 million SKYAI, no selling signals detected yet
Evening Trader Group stated that a coordinated wallet cluster has held a significant portion of the SKYAI token supply for nearly a year. Currently, 73 associated wallets collectively hold 299.6 million SKYAI, with a position market value of approximately $69.6 million. Fund flow tracking shows that the cluster gradually accumulated tokens through multiple intermediary wallets, completing its initial position building a year ago via PancakeSwap and centralized exchanges at a price of $0.0399. Based on the current price, the overall return rate is approximately 476%. As of now, no on-chain signals related to token distribution or dumping have been detected.
Caixin: SpaceX IPO First Day Free Float Market Cap Could Be Between $440 Billion and $530 Billion
Caixin published an article titled "SpaceX's $1.75 Trillion IPO Approaches: Who Can Buy and Is It Worth It?", which points out: Wall Street has never encountered a listed company with such a massive IPO scale while simultaneously having such a complex relationship with the U.S. government. Nasdaq has previously passed a new "Fast Entry" rule, allowing newly listed companies with a market capitalization ranking among the top 40 of the Nasdaq 100 Index to be quickly included in the Nasdaq 100 within 15 trading days after listing. This rule will officially take effect on May 1, 2026, and is also considered to be designed for the upcoming SpaceX IPO, while potentially paving the way for the listings of OpenAI and Anthropic, which may occur in 2026 or 2027.Assuming SpaceX lists with a $1.75 trillion valuation and a free float ratio of 25% to 30%, the free float market cap on the first day of the IPO would be approximately between $440 billion and $530 billion. Based on the weight calculation of the Nasdaq 100, SpaceX would directly enter the top ten weighted stocks. According to market sources, the S&P 500 is also evaluating some form of "fast inclusion" plan, though details have not yet been disclosed. (Caixin)
Polymarket's "Powell says 'Good Afternoon' at April Press Conference" probability hits 98%, trading volume exceeds $57,000
According to monitoring by the Odaily Seer Prophecy Channel, in the Polymarket prediction event regarding "What will Powell say at the April press conference," the probability of purchasing "Good Afternoon" has risen to 98.3%. As the transaction price is close to 98.3¢, the total trading volume for this event currently stands at $57,749.In related context, Federal Reserve Chairman Powell is about to hold the April monetary policy press conference. As his term is set to expire in mid-next month, this press conference is viewed as a final act of his career. Based on historical precedent, Powell habitually greets the media with "good afternoon" at the start of each press conference. Although the market is currently under pressure from a high-interest-rate environment, bettors have shown extremely high consensus in predicting this customary phrasing.The Odaily Seer Prophecy Channel continues to monitor the prediction market, observing changes before prices are set.
A whale deposited SOL withdrawn from Kraken 11 months ago into Binance, facing an unrealized loss of $17.62 million
According to Onchain Lens monitoring, a whale deposited 211,694 SOL into Binance today, worth $177,700. The whale withdrew 200,010 SOL from Kraken 11 months ago, when it was worth $353,900. Based on current prices, the whale is facing a loss of $17.62 million.
Curve Founder Proposes Market-Based Model to Recover DeFi Bad Debt
Curve founder Michael Egorov has proposed a method to recover bad debt in lending protocols by converting impaired positions into tradable investment products. The pilot for this solution is Curve's own CRV-long LlamaLend market, which generated approximately $700,000 in bad debt in October 2025. Michael Egorov has established a Curve Stableswap pool with approximately 71% solvency, allowing trading of impaired vault tokens. Traders can buy at a discount, liquidity providers can earn fees, and the DAO can accumulate impaired tokens through management fees. The community’s feedback on this proposal has been mixed, with some users questioning whether impaired positions lacking immediate returns can attract buyers.
Western Union to Launch Solana-Based Stablecoin Card "Stable Card" Next Month
Western Union announced during its Q1 earnings call that it will launch a Solana-based stablecoin, USDPT, next month. First unveiled in October 2025, the stablecoin is now in its "final stage." Anchorage Digital Bank will serve as the issuer of USDPT. This stablecoin is designed by Western Union specifically for settlement within its global agent network, rather than as a consumer-facing product. The company also plans to launch a USD stablecoin card in "dozens of markets" later this year, enabling consumers to hold value in stablecoin form and spend it globally. (Decrypt)