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Rhythm Evening News|SOL briefly exceeded $130, hitting a new high since May 2022; Portal will start staking tomorrow

Read this article in 24 Minutes
An overview of important information in the encryption industry on February 29, GN!

Selected News:

1. SOL short-term breakthrough $130, hitting a new high since May 2022;

2. When LUNA crashed, the profit whales who shorted BTC bought 66.16 WBTC at an average price of 60,268.

3.Portal announced that it will launch staking tomorrow.

4. Coinbase has risen to become the fourth largest listed exchange in the world;

5. Analysis: PORTAL may be a market maker for DWF Labs.


Price Observation


PORTAL opened at $4.3 and is now trading at $3.5

According to market data, PORTAL opened at $4.3 and is currently trading at $3.5.


SOL breaks through $130 in a short time, hitting a new high since May 2022

According to OKX market data, SOL has broken through $130 in the short term and is currently priced at $130.1, with a 24-hour increase of 18.56%, reaching a new high since May 2022.


Ethereum rises to $3500, hitting a new high since May 2022

According to OKX market data, Ethereum has risen to touch $3500 and is currently priced at $3498, with a 24-hour increase of 6.19%, reaching a new high since May 2022.


Bitcoin Puppets floor price rises to 0.178 BTC, reaching a new historical high.According to Magic Eden market data, the floor price of Bitcoin ecosystem NFT Bitcoin Puppets has risen to 0.178 BTC (approximately $11,141), setting a new historical high.


Bitcoin briefly breaks through $63,000

According to OKX market data, Bitcoin has briefly surpassed $63,000 and is currently trading at $62,915, with a 24-hour increase of 10.2%.


TUSD has resumed anchoring and is currently reported at 0.9969 US dollars.

According to Binance market data, TUSD has now resumed anchoring and is currently trading at 0.9969 US dollars, with a 24-hour increase of 3.06%.


Litecoin breaks $84, up more than 13% in 24 hoursAccording to OKX market data, Litecoin has broken through $84 and is currently priced at $84.31, with a 24-hour increase of 13.69%.


The meme coin sector continues to rise, with BONK up over 55% in the past 24 hours.According to market data, the meme coin concept sector has continued to rise, including:


PEPE has seen a 24-hour increase of 20.68%, currently trading at 0.00000321 USD;

PEOPLE 24-hour increase reached 14.33%, currently trading at 0.03766 USD;

BONK has seen a 24-hour increase of 55.83%, currently trading at 0.00002138 USD;

WIF's 24-hour increase reached 34.11%, currently trading at 0.8183 US dollars;

FLOKI's 24-hour increase reached 19.57%, currently trading at 0.00006056 USD;























Floki Developer Plan to Destroy $11 Million Worth of FLOKI

According to CoinDesk, Floki developers will propose a plan to destroy 2% of the circulating supply of FLOKI to increase scarcity and improve the network security of this dog-themed cryptocurrency platform.


We propose to destroy 190,918,585,431.84 FLOKI tokens," the chief developer said in a Telegram message to CoinDesk. "This is approximately 2% of the current circulating supply of the token, currently valued at over $11 million.


Portal announced that staking will be launched tomorrow.

Web3 gaming platform Portal announced that it will launch staking tomorrow to obtain VIP access to token pre-sales, NFT minting, and brand purchases.


Portal indicates that the roadmap for March/April, including the first appearance of Launchpad, will be revealed tomorrow.


Chain game Fusionist announced that the staking function will be activated after Endurance 2.0

The chain game Fusionist stated on social media that the mainnet Endurance 2.0 upgrade is expected to start at 02:00 on March 4, 2024 and continue until 02:00 on March 5, 2024. After the upgrade is completed, the staking and validator functions will be activated.


SERAPH "英灵" series public sale pledge lottery breaks through 19,000 ETH, worth over $66.7 million

Since the launch of the Soul NFT series avatars for the ARPG dark brush treasure chain game "SERAPH: In the Darkness", the community's enthusiasm has continued to increase. In just 2 days, the only 537 public sale lottery pool has attracted a total of 19,147.2 ETH investments, worth more than 66.7 million US dollars, demonstrating the community's high expectations and support for the Soul NFT series avatars.


This series of avatar NFTs represents the heroic characters and mysterious roles in the game world of "SERAPH: In the Darkness". The high participation reflected in this public sale pledge shows players' great interest in obtaining these unique NFTs. The "SERAPH: In the Darkness" team expresses their gratitude and promises to continue to provide more high-quality game content and NFT products to repay the support and love of players.



Shiba Inu will launch a privacy-focused new network on the Shibarium chain

According to CoinDesk, Shiba Inu has announced the launch of a privacy-focused new network on the Shibarium blockchain to empower the SHIB token.


Shiba Inu is collaborating with open-source encryption company Zama to develop the network, with the exact mechanism known as Fully Homomorphic Encryption (FHE), which is a privacy tool that allows developers to use data in untrusted domains without decryption.


The new privacy layer allows developers to add a centralized network on top of Shibarium, which is a Layer 2 network that settles transactions on the Ethereum blockchain.


Blast mainnet will go live at 5:00 on March 1st.

According to official sources, the Blast mainnet will go live at 5:00 AM on March 1st, Beijing time.


Mocaverse has launched the PIXEL airdrop, with a total initial supply of 500,000 tokens.

Animoca Brands' Web3 project Mocaverse announced that it will airdrop up to 5000 Moca NFT and Moca ID holders with 500,000 PIXEL tokens (conditions include: must hold Moca ID, RP as weight, complete at least 1 Pixels task and receive task RP, and up to 2 victories). It is reported that this is the first batch of distribution, and more activities may be carried out in the future.


Mocaverse also stated that, subject to lock-up arrangements, in the event of transfer or sale, the claim rights of the tokens will be transferred together with the user's NFT.


Paradigm and Wevm collaborate to launch Frog, a toolkit based on Farcaster Frames.

Paradigm and Wevm have collaborated to launch a toolkit called Frog based on Farcaster Frames, enabling developers to build high-quality, high-performance, and lightweight frameworks with minimal code.


In addition, Frog has a built-in debugger that allows developers to establish a tight feedback loop between code and framework interface through real-time reloading. Frog is integrated on top of the small and fast JavaScript network framework Hono, and users can use JSX to build the framework and integrate it into any platform or runtime, such as Cloudflare, Vercel, Next.js, Bun, etc.


CeFi Information


Bybit pre-market trading launches Wormhole (W)

According to the official announcement, Bybit will launch pre-market trading for Wormhole (W). The pre-market trading for W will begin at 10:30 AM UTC on March 1, 2024.



Bitget will launch PORTAL (PORTAL) at 18:00 today.

Bitget will launch PORTAL (PORTAL) on the Innovation Zone and GameFi Zone. The recharge channel is now open, and the trading channel will be open at 18:00 today. At the same time, CandyBomb special event will be launched, sharing the value of $30,000 PORTAL tokens. The event will run from 19:00 on March 1st to 19:00 on March 8th (UTC+8).


Portal aims to unite games and players from different blockchain networks on its cross-chain token platform, creating a unified Web3 gaming ecosystem. Through its partnership with LayerZero, Portal provides players with a seamless multi-chain experience, connecting isolated Web3 games with new players through a smooth user experience.


Binance will support the PIVX network upgrade and hard fork.





















ARK Invest sold about $17.33 million worth of Coinbase stock yesterday


Analysis: PORTAL may be a market maker for DWF Labs

According to monitoring by ai_9684xtpa, 13 hours ago, the Portal project transferred 15 million tokens (1.5% of the total token supply) to the 0x3cC address. Four hours ago, the tokens were transferred to a new address and 10 million tokens were deposited to a trading platform.


ai_9684xtpa indicates that the gas fee source address for the market-making address has had transactions with DWF Labs and Amber Group, but the former is more likely.


Financing Express


Web3 network security company Silence Laboratories has completed a $4.1 million financing round, co-led by Pi Ventures and Kira Studio.

According to TechCrunch, Web3 cybersecurity company Silence Laboratories has completed a $4.1 million funding round, with Pi Ventures and Kira Studio leading the investment and participation from angel investors. The startup will use the funds to expand its team and strengthen its research and development efforts.


It is reported that Silence Laboratories builds infrastructure through multi-party computation (MPC) to help enterprises protect data privacy and security.


Bitget Daily Contract Information: Long positions across the entire network liquidated 94.01 million US dollars in 24 hours, while short positions liquidated 210 million US dollars

The open interest in the Bitcoin futures market has increased significantly, with a substantial increase in trading volume. At the same time, the open interest in Ethereum futures has also grown, with a significant increase in trading volume. Both have dominant long positions in clearing.


Regarding BTC contracts, the total position of BTC is 27.09 billion US dollars (+5.35%), the 24-hour trading volume is 190.29 billion US dollars (+167.56%), and the 24-hour liquidation volume is: long 94.01 million US dollars, short 210 million US dollars, with a long/short ratio of 51.45%/48.55%, and funding rate of 0.0794%.


Regarding ETH contracts, the total position of ETH is 11.66 billion US dollars (+3.95%), with a 24-hour trading volume of 71.23 billion US dollars (+152.86%). The 24-hour liquidation volume is long 47.69 million US dollars and short 78.21 million US dollars, with a long/short ratio of 50.86%/49.14% and a funding rate of 0.0747%.


The top three tokens with the highest increase in contract positions are WAXP: $16.36M (+111.13%), BONG: $9.39M (+92.28%), and RATS: $2.35M (+83.36%).


Web3 traffic aggregation marketing platform LinkTo completes seed round financing, with participation from Adaverse and other institutions

Web3 traffic aggregation marketing platform LinkTo announced the successful completion of its seed round of financing, with investment institutions including Adaverse, Ruby Capital, Warrior Wealth Fund, BitValue Capital, and Block Infinity Limited.


LinkTo is committed to solving the core challenges of advertising and marketing in the current Web3 ecosystem, including improving advertising efficiency, ensuring marketing transparency, and optimizing user engagement. By introducing advanced delivery technology and AI algorithms, LinkTo aims to provide a platform for brands and advertisers to accurately target and effectively reach their target audience, while ensuring data security and user privacy.


IoTeX: Web3 venture capital firm Borderless Capital will invest $100 million in DePIN project

DePIN blockchain platform IoTeX announced on its social platform that Web3 venture capital firm Borderless has just announced a $100 million investment in the DePIN (decentralized physical infrastructure network) project at the R3al World event, including promoting the IoTeX ecosystem and jointly investing in the DePIN Surf Accelerator.



Regulatory News


The asset management scale of Hong Kong's largest Bitcoin futures ETF has grown fivefold since October last year.

According to Reuters, the largest Bitcoin futures ETF in Hong Kong has seen its assets under management increase fivefold in the past five months, surpassing $100 million, as local investors chase the rise of the world's most well-known cryptocurrency.


Hong Kong approved its first batch of three cryptocurrency futures ETFs by the end of 2022. CSOP Asset Management, which manages the CSOP Bitcoin Futures ETF (3066.HK), said that demand surged in February.


美 SEC 正调查 OpenAI 内部文件以确认其是否误导投资者

Translation:

The US SEC is investigating OpenAI's internal documents to confirm whether they have misled investors

According to Forbes, the US Securities and Exchange Commission (SEC) is investigating whether OpenAI misled its investors during the investigation sparked by CEO Sam Altman's temporary expulsion from the company last year.


Bloomberg: "University Air Bombing Case" Prosecutor Selected to Lead New Round of Investigation into FTX

According to Bloomberg, the bankruptcy division of the US Department of Justice has selected a former federal prosecutor who led the prosecution of the Unabomber case to conduct a new external investigation into FTX and its bankruptcy law firm.


Robert J. Cleary has been selected as an inspector to lead an investigation of the US Trustee's Office, a judicial branch agency that oversees corporate bankruptcies. According to court documents filed on Tuesday, Cleary has been tasked with reviewing potential conflicts of interest at the FTX bankruptcy law firm Sullivan & Cromwell.


He was also asked to investigate the new management team, creditors, and regulatory agencies of FTX, as well as review whether SBF's cryptocurrency trading platform was involved in more fraudulent activities by employees before the collapse in November 2022.


Former Blockchain Global director restricted from leaving Australia

According to a report by Cointelegraph, Liang "Allan" Guo, former director of Australian cryptocurrency company Blockchain Global, has been temporarily banned from leaving Australia due to his involvement in the company's collapse. The company owes creditors approximately $37 million USD ($58 million AUD) and the ban will be in effect until August 20th.




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