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On April 23, Jack Yi, founder of Liquid Capital, posted on platform X stating: "The recent wave of crypto VC and project failures has a core reason: funding is primarily consumed in maintaining teams to develop useless Web3 products. The biggest misconception is the comparison to Web2 products. Essentially, Web3 is a financial industry and does not require the redundant development of Web2 products. The most successful companies in the past crypto industry have all been financial products, from stablecoins to exchanges and payment services. 

Now, with the advent of the AI era, there is no need for large funding to recruit teams, and AI combined with finance presents new opportunities. We believe that outstanding founders with a few elites can achieve top-tier companies, which represents the biggest opportunity in primary investment at present."

[Jack Yi: Web3 is Essentially a Financial Industry, Misguided by Web2 Product Comparisons]On April 23, Jack Yi, founder of Liquid Capital, posted on platform X stating: "The recent wave of crypto VC and project failures has a core reason: funding is primarily consumed in maintaining teams to develop useless Web3 products. The biggest misconception is the comparison to Web2 products. Essentially, Web3 is a financial industry and does not require the redundant development of Web2 products. The most successful companies in the past crypto industry have all been financial products, from stablecoins to exchanges and payment services. 

Now, with the advent of the AI era, there is no need for large funding to recruit teams, and AI combined with finance presents new opportunities. We believe that outstanding founders with a few elites can achieve top-tier companies, which represents the biggest opportunity in primary investment at present."

Jack Yi: Web3 is Essentially a Financial Industry, Misguided by Web2 Product Comparisons

On April 23, it was reported that a finance employee in their twenties was sentenced to three years in prison by the Busan District Court for embezzling company funds to invest in cryptocurrency. The court found that between 2021 and 2025, the individual transferred company funds to personal accounts approximately 680 times, embezzling a total of about 570 million won, which was used for cryptocurrency trading, overseas travel, and living expenses. The employee also forged company deposit trust balance certificates to cover up the crime.

[South Korean Finance Employee Sentenced to 3 Years for Embezzling 570 Million Won for Cryptocurrency Investment]On April 23, it was reported that a finance employee in their twenties was sentenced to three years in prison by the Busan District Court for embezzling company funds to invest in cryptocurrency. The court found that between 2021 and 2025, the individual transferred company funds to personal accounts approximately 680 times, embezzling a total of about 570 million won, which was used for cryptocurrency trading, overseas travel, and living expenses. The employee also forged company deposit trust balance certificates to cover up the crime.

South Korean Finance Employee Sentenced to 3 Years for Embezzling 570 Million Won for Cryptocurrency Investment

On April 23, the contract whale 'Set 10 Major Goals' posted on social media, stating that it had closed its long position entered yesterday for profit. It is reported that the opening price of its long position was $75,731, with a total holding of 717.491 bitcoins, valued at approximately $55.6 million.

[Contract Whale 'Set 10 Major Goals' Has Closed Its BTC Long Position]On April 23, the contract whale 'Set 10 Major Goals' posted on social media, stating that it had closed its long position entered yesterday for profit. It is reported that the opening price of its long position was $75,731, with a total holding of 717.491 bitcoins, valued at approximately $55.6 million.

Contract Whale 'Set 10 Major Goals' Has Closed Its BTC Long Position

According to Decrypt, Admiral Samuel Paparo, commander of the U.S. Pacific Command, stated during a hearing before the U.S. House Armed Services Committee that the U.S. government is currently operating a Bitcoin node for cybersecurity-related testing, but is not engaged in mining. Paparo noted that the military's interest in Bitcoin primarily focuses on its value as a computer science tool, including cryptography, blockchain, and reusable proof-of-work mechanisms, with the aim of using the Bitcoin protocol to strengthen cybersecurity and enhance military capabilities, which is still in the experimental stage. He also mentioned that maintaining the global dominance of the U.S. dollar aligns with American military interests and gave a positive assessment of the GENIUS Act, a stablecoin legalization bill signed by Trump last summer, believing that it helps solidify the dollar's global position.

[US Military Enhances Cybersecurity Using Bitcoin Protocol]According to Decrypt, Admiral Samuel Paparo, commander of the U.S. Pacific Command, stated during a hearing before the U.S. House Armed Services Committee that the U.S. government is currently operating a Bitcoin node for cybersecurity-related testing, but is not engaged in mining. Paparo noted that the military's interest in Bitcoin primarily focuses on its value as a computer science tool, including cryptography, blockchain, and reusable proof-of-work mechanisms, with the aim of using the Bitcoin protocol to strengthen cybersecurity and enhance military capabilities, which is still in the experimental stage. He also mentioned that maintaining the global dominance of the U.S. dollar aligns with American military interests and gave a positive assessment of the GENIUS Act, a stablecoin legalization bill signed by Trump last summer, believing that it helps solidify the dollar's global position.

US Military Enhances Cybersecurity Using Bitcoin Protocol

On April 23, the contract whale 'Set 10 Major Goals' posted on social media, stating that it had closed its long position entered yesterday for profit. It is reported that the long position was opened at a price of $75,731, with a total of 717.491 bitcoins, valued at approximately $55.6 million.

[Contract Whale 'Set 10 Major Goals' Has Closed Its BTC Long Position]On April 23, the contract whale 'Set 10 Major Goals' posted on social media, stating that it had closed its long position entered yesterday for profit. It is reported that the long position was opened at a price of $75,731, with a total of 717.491 bitcoins, valued at approximately $55.6 million.

On April 23, Bloomberg reported, citing informed sources, that cryptocurrency venture capital firm Blockchain Capital is raising $700 million for two new funds. The sources indicated that the company is simultaneously fundraising for its seventh early-stage fund and its second growth fund, and has already begun deploying some of the new capital. This round of fundraising is expected to be completed within five to six months.

[Blockchain Capital Raises $700 Million for Two New Funds]On April 23, Bloomberg reported, citing informed sources, that cryptocurrency venture capital firm Blockchain Capital is raising $700 million for two new funds. The sources indicated that the company is simultaneously fundraising for its seventh early-stage fund and its second growth fund, and has already begun deploying some of the new capital. This round of fundraising is expected to be completed within five to six months.

Blockchain Capital Raises $700 Million for Two New Funds

On April 23, Microsoft reportedly considered acquiring the AI programming startup Cursor before finalizing a deal with SpaceX. (Dongxin News Agency)

[Microsoft Reportedly Considered Acquiring AI Programming Startup Cursor Before SpaceX Deal]On April 23, Microsoft reportedly considered acquiring the AI programming startup Cursor before finalizing a deal with SpaceX. (Dongxin News Agency)

Microsoft Reportedly Considered Acquiring AI Programming Startup Cursor Before SpaceX Deal

On April 23, MetaMask co-founder Dan Finlay posted on social media: "Today is my last day at ConsenSys, where I have been developing MetaMask for over a decade. I am exhausted and need to take time to be with my family. I wish the team all the best; they have a great journey ahead of them."

[MetaMask Co-Founder Announces Departure from Parent Company ConsenSys]On April 23, MetaMask co-founder Dan Finlay posted on social media: "Today is my last day at ConsenSys, where I have been developing MetaMask for over a decade. I am exhausted and need to take time to be with my family. I wish the team all the best; they have a great journey ahead of them."

MetaMask Co-Founder Announces Departure from Parent Company ConsenSys

On April 23, it was reported that China's Swift RMB share in global payments rose to 3.1% in March, up from the previous value of 2.74%. (Dongxin News Agency)

[China's Swift RMB Share in Global Payments Rises to 3.1% in March]On April 23, it was reported that China's Swift RMB share in global payments rose to 3.1% in March, up from the previous value of 2.74%. (Dongxin News Agency)

China's Swift RMB Share in Global Payments Rises to 3.1% in March

Pacwest, a regional bank based in Beverly Hills, California, is facing challenges after the release of its 2023 first quarter earnings report.

[Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report]Pacwest, a regional bank based in Beverly Hills, California, is facing challenges after the release of its 2023 first quarter earnings report.

Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report

Bitcoin Created By The CIA? Chinese Professor Jiang Xueqin Makes Bold Claim

BIT Research: Five Signals Flash Simultaneously, Has the Bitcoin Bear Market Ended?

Bitcoin Recovery Fails To Lift Market Sentiment From Extreme Fear

Nic Carter Says Bitcoin Has 3 Ways To Handle Satoshi’s Coins

Crypto And Financial Industry Giants Reveal What X Money Launch Means

Crypto Regulation: Polish Parliament Fails To Overturn Presidential Veto Again

Bitcoin Price Could See Another Crash, But What Is The Long-Term Prognosis?

BTC Market Pulse: Week 17

Shiba Inu Crosses 20,000 Burn Transactions Milestone, Dogecoin Eyes X Money, But Why Are Prices Down?

Strategy Surpasses 800K BTC as $2.5B Bitcoin Buying Spree Continues

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BTC broke through 77000  USDT

Pacwest Stock Plummets Over 35% Following Release of Q1 Earnings Report

Clause de non-responsabilité：Le contenu ci-dessus ne représente pas les positions de HTX.，HTX ne fournit pas de recommandations de trading.。

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