Daily News: Trump Eyes Congressional Stock Ban, ZKsync Loses $5M in Hack, Eric Trump at TOKEN2049

From Trump’s potential stock trading ban for Congress to CleanSpark’s $200M credit expansion, here are the latest updates shaping the crypto landscape.

White House: Trump to Consider Banning Stock Trading by Members of Congress

According to Jin10.com, the White House stated that Trump will consider banning members of Congress from trading stocks.

Eric Trump is Coming to TOKEN2049 Dubai

According to official news from TOKEN2049, Eric Trump will attend the TOKEN2049 conference in Dubai, where he will engage in a dialogue with World Liberty Finance. The discussion will cover topics related to cryptocurrency, global business, and U.S. influence. The event will take place from April 30 to May 1.

U.S. SEC Concludes Over Two-Year Financial Disclosure Review of Coinbase with No Amendments Needed

As reported by CryptoSlate, the U.S. Securities and Exchange Commission (SEC) has completed its financial disclosure review of cryptocurrency exchange Coinbase, with no amendments or restatements required. The review lasted over two years and involved the company's 10-K filings for 2022 and 2023. Coinbase's Chief Legal Officer, Paul Grewal, stated on social media that the company has fully resolved all disclosure-related issues. The SEC confirmed the conclusion of the review in a letter to Coinbase's CFO, Alesia Haas, but emphasized that this does not constitute an endorsement of the filings.

Standard Chartered Projects Stablecoin Supply to Reach $2 Trillion by 2028

According to The Block, analysts at Standard Chartered predict that as U.S. stablecoin legislation progresses, the total supply of stablecoins could grow nearly tenfold from the current $230 billion to $2 trillion by the end of 2028. Analysts believe the upcoming GENIUS Act will legitimize the stablecoin industry and accelerate its adoption. This growth will prompt stablecoin issuers to purchase approximately $1.6 trillion in U.S. Treasury bills as reserves, enough to absorb all new Treasury issuances during Trump's potential second term.

Trump to Launch Monopoly-Like Cryptocurrency Real Estate Game

As reported by Fortune, U.S. President Donald Trump is set to launch a blockchain-based real estate video game with a gameplay style similar to "Monopoly." The project is being developed by Trump's longtime business partner, Bill Zanker, and is scheduled for release in late April 2025.

ZKsync Airdrop Contract Attacked, Minting Approximately 111 Million ZK Tokens

The ZKsync team announced that the administrator account of their airdrop distribution contract has been compromised. The attacker used the sweepUnclaimed() function to mint approximately 111 million unclaimed ZK tokens from the airdrop contract. The officials stated that this incident is limited to the airdrop distribution contract, and the ZKsync protocol, ZK token contract, governance contract, and all active Token Program minters were not affected. Further attacks using this method are not possible. Currently, the attacker still holds most of the stolen funds. The ZKsync team is working with security agencies and exchanges to recover the funds and is urging the attacker to contact their official email to discuss returning the funds to avoid legal consequences.

GPS Buyback Address Completes Destruction of 177 Million GPS Tokens

According to analyst @ai_9684xtpa, the GPS buyback address has completed the destruction of 177 million GPS tokens, valued at $3.07 million. Previously, the project promised to buy back GPS worth 4.34 million USDT. Between March 19 and April 14, tokens worth $4.04 million were withdrawn from Binance in seven batches, indicating the buyback is nearly complete (Note: Token withdrawal price ≠ buyback price, so this progress is for reference only).

Mantra CEO Proposes Burning His Personal OM Token Allocation to Regain Investor Trust

According to CryptoSlate, Mantra CEO John Patrick Mullin has proposed burning his personal allocation of OM tokens to regain investor trust. Mullin currently holds approximately 772,000 OM tokens, accounting for less than 1% of the circulating supply. His token allocation will be unlocked in April 2027.

Bitwise CIO: Bitcoin May Outperform Stocks During Market Correction for the First Time

Bitwise CIO Matt Hougan recently stated that Bitcoin is exhibiting characteristics "distinctly different" from previous market corrections. Despite market volatility triggered by Trump's tariff policies, Bitcoin's price has fluctuated only 0.07% over the past month, demonstrating rare stability. Since Bitcoin surpassed $1 in 2011, it has never outperformed the stock market during a broad market adjustment, but Hougan believes this time may be different. As more companies, institutions, and governments begin holding Bitcoin, its narrative as a safe-haven asset is gradually replacing its positioning as a risk asset, indicating signs of a maturing cryptocurrency market.

Analyst: GSR Markets and Flow Traders Are Market Makers for WCT, Holding 8% of Initial Circulation

According to analyst @ai_9684xtpa, GSR Markets and Flow Traders are market makers for Binance Launchpool's new token WCT. GSR Markets received 7.5 million market-making tokens, with 2.8 million already deposited on exchanges; Flow Traders also received 7.5 million market-making tokens and is currently conducting small transfer tests on exchanges. The total amount of market-making tokens obtained by both market makers accounts for 8% of WCT's initial circulation. It is reported that the total supply of WCT is 1 billion tokens, with Binance Launchpool token rewards of 40,000,000 WCT, accounting for 4% of the total supply; the initial circulating supply listed on Binance is 186,200,000 WCT, accounting for 18.62%.

CleanSpark Expands Capital Strategy, Secures $200 Million Bitcoin Collateral Credit from Coinbase Prime

According to official reports, U.S. Bitcoin miner CleanSpark (NASDAQ: CLSK) announced today that it will expand its credit arrangement with Coinbase Prime to $200 million and shift to a self-funding operational model. The company will begin selling part of its monthly Bitcoin production to support daily operations while launching institutional-grade Bitcoin treasury management. CleanSpark currently holds over 12,000 bitcoins, valued at approximately $1 billion. CEO Zach Bradford stated that the company has reached "escape velocity," enabling it to self-fund through operational cash flow, increase Bitcoin reserves, and support capital expansion. This balanced strategy will help enhance long-term shareholder value.