Golden Web3.0 Daily | Bitcoin Conference to return to the United States in 2027

DeFi Data

1. DeFi Token Total Market Value: $54.471B

DeFi total market value Data source: coingecko

2. Trading Volume of Decentralized Exchanges in the Past 24 Hours: $39.39

Trading volume of decentralized exchanges in the past 24 hours Data source: coingecko

3. Assets Locked in DeFi: $846.75B

Top ten DeFi projects by locked assets and locking volume Data source: defillama

NFT Data

1. NFT Total Market Value: $7.971B

NFT total market value, top ten projects by market cap Data source: Coinmarketcap

2. 24-hour NFT Trading Volume: $1.708B

NFT total market value, top ten projects by market cap Data source: Coinmarketcap

Headlines

Bitcoin Conference to Return to the U.S. in 2027—Nashville

April 29, according to market sources: The Bitcoin Conference will return to Nashville, Tennessee, USA (Music City) in 2027. It is reported that the 2024 Nashville conference attracted 35,000 attendees and 444 speakers, with more than 1.4 million online views. Nashville is a flagship city for Bitcoin’s mainstream adoption; in 2024, Trump pledged here to establish a U.S. Bitcoin strategic reserve. With its return in 2027, the Bitcoin narrative and the process of compliance are set to return to the main stage.

AI Hot Topics

1. Google: Launches a Tool to Import AI Chat History from Other AI Providers into Gemini

April 29, Google(GOOG.O): launched a tool that can import AI chat history records from other AI providers into Gemini. Meanwhile, Gemini has launched new personalized features in the UK.

2. DeepSeek Launches Image Recognition Mode

April 29, according to the news: Today, DeepSeek launched an image recognition mode, showing that it is currently in grey testing. At present, both the DeepSeek web version and the app updates may include this mode for grey testing.

3. China Merchants Securities International: Microsoft and OpenAI Update Partnership Agreement; Positive Signals for Amazon and Google

April 29, China Merchants Securities International issued a report saying that OpenAI, Microsoft, and Amazon have restructured their collaboration relationship. Microsoft has ended its exclusive right to use OpenAI models and adjusted the cooperation to a non-exclusive agreement, effective until 2032. The cooperation model has also shifted from the prior indefinite cooperation tied to AGI to a fixed-term cooperation. Overall, this adjustment indicates that the AI industry is moving from “cloud platform lock-in” to a more open multi-cloud model, strengthening competition between cloud vendors and large model providers, and offering enterprise clients greater flexibility in combining models and infrastructure. At the margin, the firm believes this change is more beneficial for Amazon and Google’s cloud businesses, enabling them to access OpenAI models while consolidating its neutral AI infrastructure strategy across multiple models and multiple partners.
For Microsoft, the firm has a more neutral and balanced view of this transaction. The negative factor is that losing exclusive cooperation with OpenAI weakens Azure’s differentiated advantage in the AI field, which may drag down some marginal growth elasticity for cloud business. The positive factors include better financial terms, ongoing large-scale consumption of Azure resources, and continued holding of approximately 27% of OpenAI’s equity, participating in its long-term growth. In addition, this arrangement opens up more potential funding channels for OpenAI, to a certain extent safeguarding the value of Microsoft’s existing investment in OpenAI.

4. OpenAI Rebuts Reports Saying Sales Miss Targets, Saying Its Business is “Fully Operational”

April 29, local time Tuesday, OpenAI refuted external doubts about its sales growth and said the company’s consumer and enterprise businesses are both “fully operational.” The Wall Street Journal previously cited sources saying OpenAI failed to achieve multiple targets, and its CFO Sarah Friar said that if sales growth is not fast enough, she worries the company may not be able to meet future computing power demand. Affected by this report, the share prices of multiple OpenAI investors and partners, including SoftBank Group, Oracle, and CoreWeave, fell immediately. In an email statement, OpenAI said that demand from enterprise customers and continued growth in its advertising business, which is still in its early stage, mean the “internal atmosphere is very positive.” OpenAI referred to the Wall Street Journal’s report as “typical clickbait.” The statement said the company will still expand its computing power as a “key driver,” enabling it to “provide customers with a better product experience.”

5. Musk Puts AI Safety at the Core of His Lawsuit Against OpenAI

April 29, according to the news: On Tuesday, Elon Musk told a federal jury that AI “could kill us all,” placing AI safety at the core of his lawsuit against OpenAI.
On the witness stand, Musk compared the risks of uncontrolled AI to “The Terminator,” and said the goal should be a future closer to “Star Trek.” He argued that the purpose for which OpenAI was originally created was to prevent powerful AI from being controlled by profit-driven tech giants.
Musk said these concerns intensified after a 2015 conversation with Google co-founder Larry Page, who allegedly accused him of being a “speciesist” for prioritizing humans over future digital intelligence.
This case centers on Musk’s claim that OpenAI abandoned its non-profit mission after ChatGPT helped the company become one of the world’s most valuable AI enterprises. Musk is seeking more than $150 billion in damages from OpenAI and Microsoft.
OpenAI’s lawyers said Musk lost a leadership power struggle, left the company, and then filed a lawsuit after launching his own competing AI company, xAI.
Musk is expected to return to court today for cross-examination.

DeFi Hotspots

1. Visa Includes Polygon in Its Global Stablecoin Settlement Program; Annualized Settlement Scale Reaches $7B

April 29, Visa announced that it has officially included Polygon in its Global Stablecoin Settlement Program (Stablecoin Settlement Program). Visa partners—including card issuers and acquirers—can now complete stablecoin settlements via the Polygon network.
Visa said that the annualized operating scale of its stablecoin settlement program this quarter has reached $7B, up 50% from three months ago. Polygon emphasized that its network features sub-cent tier transaction fees, approximately 4-second transaction finality, and has been used by institutions including Stripe, Revolut, Flutterwave, and BlackRock to settle real financial activities.

2. A Vulnerability Appears in the Sui Ecosystem DEX Protocol Aftermath Finance; the Protocol Is Suspended

April 29, the Sui ecosystem DEX protocol Aftermath Finance posted that the team found a vulnerability affecting the protocol and is actively investigating it together with security partners. As a precautionary measure, the protocol has been paused, and steps are being taken to minimize potential impact on users’ funds.

3. Ronin to Migrate to Ethereum Layer 2 on May 12

April 29, the gaming blockchain Ronin announced that it will migrate to Ethereum Layer 2 on May 12. At that time, there will be an approximately 10-hour downtime window for on-chain operations. After the migration is completed, normal operation will resume. Its underlying architecture will be built on OP Stack and integrated with EigenDA as the data availability layer. It advises users to unstake RON before the May 12 migration date, or the system will automatically unstake for users after the migration is completed.
After this migration, RON’s annual inflation rate will be reduced from over 20% to below 1%, and the treasury will add ongoing revenue from staking, Sequencer net revenue, and Marketplace fees (increasing the share from 0.5% to 1.25%). Ronin also rolls out a “Proof of Allocation” reward mechanism based on “Builder Score,” automatically distributing RON rewards to ecosystem builders on a monthly basis; registration is now open.

4. Lido DAO Proposal Plans to Temporarily Lower the Initial Loss Protection Threshold for the EarnETH Vault to Cover Losses Related to the Kelp Incident

April 29, the Lido Research Forum launched a new proposal suggesting that the DAO authorize a temporary reduction of the initial loss protection trigger threshold for the EarnETH vault in the Kelp incident. Under the current rules, Lido Earn’s protection mechanism only triggers when vault losses exceed 1% of the position size. However, the proposal points out that if the DeFi United resolves the shortage of rsETH, the actual losses could be less than 1%.
To ensure that EarnETH users receive full compensation, the proposal recommends a one-time exception during this incident, allowing the use of the initial loss protection fund to cover losses below the 1% threshold. The expected residual borrowing interest loss is about 400 to 600 ETH.
The proposal emphasizes that this is a one-time arrangement driven by user protection, brand reputation, and business considerations, and it does not change the general 1% rule. Since the rsETH incident is expected to be resolved within 5 to 10 days and the standard voting window is 7 days, the proposal also notes that time is tight.

5**. The Total Value of Solana’s RWA Ecosystem Has Reached an All-Time High of About $2.5B**

April 29, according to Cointelegraph, the total value of Solana’s RWA ecosystem has reached an all-time high of approximately $2.5B.

Disclaimer: Jinse Finance, as a blockchain information platform, only provides information for reference and does not constitute actual investment advice. Please establish the right investment philosophy, and be sure to enhance your risk awareness.