MyToken data monitoring shows that on 【April 1st, 06:39】 (Beijing Time), an address starting with 【18ScQ8】 transferred 【1317 BTC】 to an address starting with 【bc1qq4】, with a total value of approximately 【88.90 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

MyToken data monitoring shows that on 【April 1st, 06:30】 (Beijing Time), an address starting with 【bc1q9k】 transferred 【1373.3 BTC】 to an address starting with 【18ScQ8】, with a total value of approximately 【92.70 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

Odaily Planet Daily reports that Latin American e-commerce giant Mercado Libre has announced the closure of its proprietary cryptocurrency token, Mercado Coin, ending a nearly four-year-long user incentive experiment. Starting April 17th, users will no longer be able to buy, sell, or obtain Mercado Coin through cashback programs; the token's core function within the platform has officially ceased. However, users can still choose to sell their tokens, use them for shopping discounts, or wait for the system to automatically convert them into local fiat currency. Mercado Coin was launched in Brazil in 2022, based on the Ethereum ERC-20 standard, initially used to reward spending on the platform, managed through the Mercado Pago wallet, and supported in circulation through a partnership with the exchange Ripio. This closure reflects a reassessment by large tech companies of the viability and long-term value of their own proprietary crypto assets (branded tokens). Despite this, Mercado Libre retains other crypto-related businesses, including stablecoin transfers, token trading, and holds over $38 million worth of Bitcoin on its balance sheet. Industry insiders believe this move signifies a cooling down of the "platform token" model, while more universal stablecoins and infrastructure products are becoming the mainstream.

MyToken data monitoring shows that on 【April 1st, 05:48】 (Beijing Time), an address starting with 【0x7da6】 transferred 【251975394429.66 BabyDoge】 to an address starting with 【0xac57】, with a total value of approximately 【99.03 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

Odaily Planet Daily reports that Federal Reserve Governor Michael Barr stated that the development of stablecoins needs to be built on strict regulation, warning that a lack of effective constraints could repeat the "long history of problems caused by private currencies." In his speech, Barr pointed out that while the GENIUS Stablecoin Act has provided an initial regulatory framework for the industry, the key lies in subsequent implementation, including continuous monitoring of reserve assets and mechanisms to prevent illicit use. He emphasized that stablecoins can only be truly considered "stable" if they can be repaid at face value under various market conditions. The liquidity and security of reserve assets are particularly critical when market pressures or increased risks to the issuer itself intensify. Furthermore, Barr pointed out that stablecoin issuers have an incentive to increase profits through higher yields, which could lead them to take on higher risks in reserve asset management, thus posing a potential threat to financial stability. Currently, stablecoin regulation remains one of the major points of contention in US crypto legislation, and has also affected the progress of related legislation to some extent.