Daily | Binance Megadrop will list KernelDAO (KERNEL); The Trump family holds at least 60% of WLFI through the new holding company

The Trump family holds at least 60% of WLFI through the new holding company

According to The Block, the Trump family appears to be tightening its grip on the WLFI. WLFI was announced before Trump's inauguration, but it is still in development. The Trump family further consolidated its control of World Liberty in January by forming WLF Holdco LLC, according to a report published by Reuters on Monday. DT Marks DeFi LLC, an affiliated entity of Trump and some of his family members, holds 60% of the new company, WLF Holdco LLC, which holds a sole member interest in WLFI and oversees the protocol's development and operates the WLFI governance platform. Although it's unclear what the remaining 40% will be, this adjustment makes it seem like WLFI co-founders Zak Folkman and Chase Herro are no longer the "controllers" of the platform.

To date, WLFI has raised $550 million through the sale of WLFI tokens to accredited investors in the U.S. and non-accredited investors worldwide. According to documents released at the time of the project's launch, the Trump family could receive 75 percent of the net proceeds from this portion of the sales proceeds.

The zkLend hacker mistakenly clicked on a phishing website, resulting in the theft of 2,930 ETH

According to SlowMist's Chief Information Security Officer @im23pds, the zkLend hacker (which originally occurred in February) accidentally clicked on a phishing website while trying to use Tornado Cash, and 2,930 ETH of stolen money was stolen by the phishing website.

South Korean CEXs such as Upbit and Bithumb terminated trading on Loom Network (LOOM).

South Korean crypto trading platforms Upbit and Bithumb also announced that they are about to terminate the trading of Loom Network (LOOM). Officially, Loom Network (LOOM) has been removed from DAXA (Korea Digital Asset Trading Platform Association) membership.

After a thorough review of the Foundation's public disclosures and the authenticity and sustainability of the business, among other things, the decision was made to terminate the transaction support because LOOM did not meet the criteria for maintaining the transaction support.

The trading (buy/sell) termination date and time are tentatively scheduled for 15:00 on Wednesday, May 7, 2025.

Binance P2C adjusts the T+1 withdrawal mechanism

According to Binance's official announcement, in order to better adapt to market demand, Binance P2C will adjust the T+1 withdrawal plan from April 1, 2025: Binance will increase the T+0 withdrawal quota of $1,000 equivalent of assets for all users on the basis of the original T+1 withdrawal mechanism. If you don't have any assets in your Binance account, no matter how much you buy on the day, you can only withdraw up to $1,000 worth of assets on the day of purchase, and the rest of the assets can only be withdrawn after 24 hours according to the order completion time. If you already have assets in your Binance account, you can add an additional T+0 withdrawal limit of $1,000 worth of assets on top of the original C2C T+1 withdrawal limit. Any TradingStar user who buys any amount of cryptocurrency in P2P will not be subject to the T+1 withdrawal limit.

Backpack completes its acquisition of FTX EU and today begins the process of returning user funds

Backpack, a globally compliant crypto asset trading platform, announced the official completion of its acquisition of FTX EU. From now on, Backpack EU has officially launched the asset recovery process and fund allocation process, which will provide clear and convenient fund return services for former FTX EU users to help users recover previously frozen fiat currency assets.

After the completion of this acquisition, Backpack will reactivate the license held by FTX EU and will provide comprehensive crypto derivatives trading services within the EU in the future.

Binance Megadrop to List KernelDAO (KERNEL)

Binance announced the fourth phase of the Megadrop project as KernelDAO (KERNEL), a re-staking protocol that supports Kernel, Kelp, and Gain. The maximum supply of KERNEL is 1 billion, and the Megadrop reward is 40 million (4% of the total supply). The initial circulating supply is 162.3 million (16.23%).

Analysis: The next new coin IDO of Binance wallet is suspected to be PUMP

According to @ai_9684xtpa monitoring, the next phase of the Binance wallet's new coin IDO is suspected to be PUMP(PumpBTC）。

This is supported by the following:

1. The multisig address of the TOP3 holding the top 3 positions on the PUMP chain 0xeCc starts with an address holding 50 million PUMP, which received 50 million KILO 5 days ago, 50 million PARTI 7 days ago, and 50 million BR 12 days ago, all corresponding to the start time of the new IDO;

2. The address at the beginning of the suspected Binance IDO deployment contract 0xe0C previously discovered will perform a series of operations such as "Update Signer Address / Set Pool / Transfer Ownership" for the same contract address after the multisig address receives the tokens, and the steps are completely overlapping.