Odaily Planet Daily reports that Bitcoin developer Paul Sztorc announced the official launch of the Bitcoin hard fork network eCash in August. BTC holders can exchange their BTC for eCash at a 1:1 ratio after the hard fork goes live. The network's Layer 1 node software will reportedly be a near-copy of the Bitcoin Core client, continuing to use the SHA-256 hash algorithm and lowering the initial mining difficulty to attract more miners. Simultaneously, eCash will also feature seven Layer 2 scaling networks called "drivechains" to improve transaction throughput and support optional on-chain privacy features. Paul Sztorc stated that eCash differs from Bitcoin Cash in 2017, no longer using the "Bitcoin" name, and claims it's a long-term solution to Bitcoin's scalability and privacy issues. However, his plan to manually redistribute a portion of Satoshi Nakamoto's approximately 1.1 million BTC to early investors has sparked strong controversy in the community, with some Bitcoin supporters criticizing the move as "theft" and a violation of Bitcoin principles. (Cointelegraph)

Odaily Planet Daily reports that Chen Bailiang, a former senior manager at Huobi Group, was charged with seven counts, including dishonest access to a computer and money laundering. He was accused of using an alias to open a personal account on the platform, engaging in unrestricted cryptocurrency "dark pool trading," and transferring approximately 4.999 million USDT (about HK$39.18 million) to his accounts on OKX and Binance. After deliberation, a Hong Kong High Court jury acquitted him on all charges on April 24. The prosecution alleged that he used the identity "Chen Feng" to complete real-name authentication in 2020 and used this account to conduct dark pool trading with company accounts, but the jury ultimately rejected these charges. The court also granted the defendant's application for legal costs. (HK01)

According to Odaily Planet Daily, Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on the X platform. As of the week ending April 24, its Bitcoin mining output was 185.7 BTC, but it sold 185.7 BTC during the same period, resulting in a net increase of 0 BTC. It currently maintains a zero Bitcoin holding.

MyToken data monitoring shows that on 【April 25th, 11:18】 (Beijing Time), an address starting with 【0x3b98】 transferred 【114521593 USDT】 to an address starting with 【0xdac1】, with a total value of approximately 【114.37 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

MyToken data monitoring shows that on 【April 25th, 11:13】 (Beijing Time), an address starting with 【0xb0a2】 transferred 【114521593 USDT】 to an address starting with 【0xdac1】, with a total value of approximately 【114.38 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/