CZ Responds to FUD: Binance Did Not Engage in Large-Scale Coin Selling, Negative Rumors Hurt the Market, Not Individuals

On April 8, six major Swiss banks—including UBS and PostFinance—teamed up with Swiss Stablecoin AG to launch a sandbox pilot for a Swiss Franc (CHF) stablecoin. The initiative aims to simulate real-world payment flows, explore blockchain’s connection to traditional financial systems, and test use cases for programmable money. Currently, no widely adopted regulated CHF stablecoin exists in Switzerland; this pilot will gather operational experience in a controlled setting to lay groundwork for a potential full launch. Running through 2026, the pilot operates in a "digital real-time environment" with limits on user counts and transaction volumes to manage risk. Key tests focus on payment settlement speed and programmable money applications. The project is open to other banks, businesses, and institutions, with participants hoping to gauge the stablecoin’s feasibility in real financial services and decide whether to push toward full commercialization. This effort aligns with Europ

April 8 — Per GMGN’s monitoring (via [this link](https://gmgn.ai/bsc/token/i_m4TE56o8_0x20d6015660b3fe52e6690a889b5c51f69902ce0e)), the meme coin GIGGLE on the BNB Chain (formerly BSC) briefly saw its market cap jump more than 10% to a high of $28.4 million. It has since pulled back to $27.5 million, posting a 12% gain over the past 24 hours. BlockBeats Note: Meme coins are extremely volatile assets, heavily dependent on market sentiment and hype. They lack tangible value or real-world use cases. Investors are advised to be mindful of these risks.

April 8 (local time) — Oman’s Minister of Transport, Communications and Information Technology Maawali announced at a consultation meeting that the country has signed international shipping agreements. Per the pacts, the Strait of Hormuz is a natural waterway, and no fees may be imposed on vessels transiting through it. He also noted that the Omani Foreign Ministry is currently in communication and consultation with all relevant parties on related matters. (CCTV News)

On April 8 local time, U.S. Vice President Mike Pence told an event in Hungary that the ceasefire struck between the U.S. and Iran is a "fragile truce." He did not provide further details, only noting the agreement covers a ceasefire, advancing negotiations, and reopening the Strait of Hormuz. Pence said President Trump has directed the U.S. negotiator for Iran talks to engage "in good faith," while adding Trump is "eager to see progress." He also stated the U.S. is prepared to use "unusual economic leverage," but Trump has ordered it to "temporarily refrain from deploying these measures." Pence noted if Iran negotiates "in good faith," the U.S. may reach an agreement, but the "ultimate outcome of the talks depends on the Iranian people." (CCTV News)

On April 8th, per Hyperinsight monitoring (via its Telegram channel at https://t.me/HyperInsight), Micron Technology (MU) led the storage sector higher ahead of the U.S. stock market open—surging more than 10% and hitting an intraday peak gain of 11.53%. SanDisk (SNDK) also climbed 9%. On the Hyperliquid platform, MU traded at $417.3 and SNDK at $775.1. The largest long position holder for MU on Hyperliquid (address 0xa65) opened simultaneous long positions for both MU and SNDK on March 31st, with average entry prices of $328.3 and $665.4 respectively. The total position size is roughly $9.55 million, with current unrealized profits totaling $1.9 million.