OpenAI will release a large number of new products, and Trump is concerned about semiconductors

Headline

▌OpenAI will release a lot of new products this week

Sam Altman, founder and CEO of OpenAI, posted on the social platform that many exciting products will be released in the coming week, starting tomorrow (Tuesday Beijing time).

▌Trump: Focusing on semiconductors and the entire electronics supply chain

Trump said on social media: No country can "get away with punishment" for imposing unfair trade deficits and non-monetary tariff barriers on us. No "tariff exemptions" were announced on Friday. They were just classified into different tariff "categories." The fake news media knows this but refuses to report it truthfully. In the upcoming national security tariff investigation, we are focusing on semiconductors and the entire electronics supply chain. We must manufacture products in the United States. America's golden age is coming, including upcoming tax cuts and regulatory reduction measures, a considerable part of which has been approved by the House of Representatives and the Senate, which will mean more and higher-paying jobs to manufacture products in our country.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $83,929.98, with a daily increase or decrease of -1.7%;

ETH's latest transaction price is $1,604.01, with a daily increase or decrease of -2.5%;

BNB's latest transaction price is $584.41, with a daily increase or decrease of -2.0%;

SOL's latest transaction price is $129.08, with a daily increase or decrease of -2.7%；

DOGE's latest transaction price is 0.1636 US dollars, with a daily increase or decrease of -2.4%；

XPR's latest transaction price is 2.13 US dollars, with a daily increase or decrease of -1.8%.

Policy

▌An NFT trader may face imprisonment for concealing $13 million in CryptoPunk profits when filing taxes

The U.S. Attorney's Office for the Middle District of Pennsylvania disclosed that NFT trader Waylon Wilcox pleaded guilty to two charges of filing false personal income tax returns. The trader sold 62 CryptoPunk NFTs in 2021, earning approximately $7.4 million in profits, and then sold another 35 CryptoPunk NFTs in 2022, making a profit of $4.9 million. However, Waylon Wilco submitted a false individual income tax return for the 2021 tax year in April 2022, underreporting approximately $8.5 million in income tax and approximately $2.1 million in taxes payable; and submitted a false individual income tax return for the 2022 fiscal year in October 2023, underreporting approximately $4.6 million in income tax and nearly $1.1 million in taxes payable. Under federal law, the maximum penalty for these crimes is a total of six years in prison, followed by a period of supervised release and a fine.

Blockchain Application

▌Jupiter Lianchuang: A large number of products will be launched in the next few months

Jupiter Lianchuang Meow posted on the X platform that the first quarter experienced extremely high challenges, but also gained very clear lessons. In the next few months, we will launch a large number of products, governance concepts, experimental metadata, thought pieces, and new technical concepts.

Cryptocurrency

▌MANTRA: The OM token plunge was triggered by reckless liquidation and has nothing to do with the project itself

The OM token of MANTRA, a Layer 1 blockchain project focusing on RWA, fell by about 10% between 01:20 and 02:20 Beijing time today, and then suddenly plummeted from $5.21 at the time to about $0.50 at present (as of press time), a 90% plunge in just 90 minutes. Before the project's public Telegram group was inaccessible, community leader Dustin McDaniel downplayed the team's allegations of selling, saying he was not aware of it. At 04:51 in the morning, MANTRA's X account updated that the plunge was triggered by reckless liquidation and had nothing to do with the project itself. Co-founder John Patrick Mullin mentioned that large OM investors were forced to liquidate on a large scale on CEX and said that it was being processed. Previously, MANTRA was accused of controlling a large proportion of the circulating supply of the token and attempting to manipulate the token price. In response, Mullin said: "OM tokens have been in circulation since August 2020, longer than most skeptics have been in the crypto field." Some investors pointed out that DeFiLlama data showed that the TVL of the MANTRA protocol was only about $13 million, while its token's fully diluted valuation was as high as $9.5 billion, which may be a risk signal. In addition, Insomniac, head of governance at Castle Labs, found that three wallets recently transferred millions of dollars of OM tokens to OKX and Binance. One of the wallets received about $36 million in OM tokens from Binance on March 21, and transferred about 4.3 million tokens to OKX on Saturday, suggesting a possible sell-off.

▌Market Maker’s Algorithm Abnormally Pushed Up BTCDOM Perpetual Contract by 20%

An unidentified market maker made an algorithmic error after the flash crash of OM (Mantra), accidentally pushing up the BTCDOM (Bitcoin Market Capitalization Index) perpetual contract on the Binance platform by 20%.  

The BTCDOM index includes the top 20 cryptocurrencies by market capitalization on Binance and Binance Futures, excluding BTC and stablecoins, and the weight of OM is only about 5%. This abnormal fluctuation is suspected to be caused by the market maker misjudging the sharp fluctuations in OM prices as changes in market structure and mistakenly triggering strategic buying operations.

▌Gold ETF Inflows Hit a Three-Year High, PAXG and XAUT Outperformed the Broader Crypto Market

As the traditional gold market heats up, cryptocurrency investors are following suit and turning to tokenized versions of the precious metal, which offer both price exposure and digital flexibility. Gold-backed cryptocurrencies such as Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% so far this year, hitting new highs of more than $3,300, roughly matching the gains of spot gold. They have since retreated slightly, trading at $3,265 and $3,244, respectively. While gold-backed cryptocurrencies have surged so far this year, the broader crypto market is in a downtrend. Bitcoin has fallen more than 11% so far this year, while the overall cryptocurrency market is down a little over 30%. These tokens, which are backed by physical gold and track its price, have surged in value as investors seek shelter from uncertainty sparked by the escalating trade war between the United States and China. The move reflects a broader return to gold as a safe-haven asset. Inflows into gold-backed ETFs reached 226.5 tonnes in the first quarter of 2025, the highest level since the beginning of 2022, with nearly 60% of demand coming from North America, according to RWA.xyz. In the first quarter of this year, gold-backed cryptocurrencies minted more than $42.7 million in tokens, which, together with the rise in gold prices, pushed its total market value to nearly $1.4 billion.

▌ETH market share fell to 7.07%

Data shows that the total market value of cryptocurrencies is currently $2.782 trillion, with a 24-hour drop of 1.9% and a 24-hour trading volume of $78.907 billion. Currently, BTC has a market share of 60.4% and ETH has a market share of 7.07%.

▌The TVL of Ethereum's liquidity re-pledge protocol fell to around US$6.5 billion

DefiLlama data shows that the current TVL of Ethereum's liquidity re-pledge protocol is US$6.543 billion, of which the top five protocols by TVL are: ether.fi TVL is US$4.164 billion, a 7-day decrease of 11.07%; Kelp TVL is US$893 million, a 7-day decrease of 10.22%; Renzo TVL is US$487 million, a 7-day decrease of 7.08%; Mantle Restaking TVL is US$388 million, a 7-day decrease of 9.11%; Mellow LRT TVL is $196 million, with a 7-day increase of 10.90%;

▌Solana blockchain TVL is currently $6.942 billion

According to the latest data from CoinGecko, the current Solana blockchain locked total value (TVL) is $6,942,781,073, with a 24-hour increase of 0.2%; the 24-hour trading volume is $2,295,163,149, an increase of 0.4%.

Important Economic Dynamics

▌Bridgewater founder Dalio: Trump's trade war has brought the United States "to the brink of recession"

Ray Dalio, the billionaire founder of one of the world's largest hedge funds, said on Sunday that the trade war launched by US President Trump has brought the United States close to recession. "I think we are at a critical decision point right now and we are very close to a recession." Dalio said the situation is "extremely destructive" and the impact of tariffs is "like throwing stones into the production system." He also expressed concerns about the combined impact of U.S. debt, the U.S. budget deficit and global political tensions.

Golden Encyclopedia

▌Compressed NFT What is it?

Compressed NFT is a non-fungible token (NFT) designed to reduce the cost of storing and using NFTs for transactions on the Solana blockchain. Compressed NFTs offer several key advantages that stand out in the blockchain ecosystem. They are affordable and significantly reduce minting and storage costs, enabling creators and businesses to use blockchain technology without financial barriers. Additionally, cNFTs contribute to greener blockchain practices by reducing storage requirements and, therefore, energy usage. These attributes make cNFTs a potential game changer for scalable, environmentally friendly, and innovative applications.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for informational reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to raise your risk awareness.