Rhythm Evening News | The open positions of Bitcoin contracts across the entire network exceeded 29 billion US dollars, a record high; the meme currency sector continued to be strong, PEPE rose by more than 60% in 24 hours
Selected news:
1. The meme currency sector continues to be strong, with PEPE rising more than 60% in 24 hours;
2. Bitcoin rises to $65,000, the highest level in 2021 A new high since December;
3. The open positions of Bitcoin contracts across the entire network exceeded 29 billion US dollars, a record high;
4. The 7-day transaction volume of Bitcoin NFT exceeded Ethereum NFT, reaching US$168 million;
5. Nearly US$200 million in assets were transferred from MEXC to an unknown wallet
Price Observation
FTM short time Breaking through $0.7, a 24-hour increase of 30.56%
On March 4, according to market data, FTM broke through a short-term breakout of $0.7, and is now quoted at $0.698, with a 24-hour increase of 30.56%.
NodeMonke # 2769 was sold at a price of 17 BTC, approximately US$1.09 million
On March 4, according to Magic Eden data, it owned "Alien" and "Hoodie" NodeMonke #2769, which had two rare attributes, sold for 17 BTC, which is approximately $1.09 million. Earlier today, according to NFTstats.eth monitoring data, the whale address starting with bc1p8jjt purchased six "alien" NodeMonkes for a total price of 53.45 BTC a few hours ago, approximately US$3.35 million. It currently holds a total of 19 NodeMonkes NFTs, and the total purchase cost is approximately 65 BTC.
SATS 24 It rose by more than 23% in an hour, temporarily trading at $0.0000007167
On March 4, according to Bitget market data, SATS rose above $0.0000007 and was temporarily reported at $0.0000007167, a 24-hour increase of 23.58%.
Bitcoin It hit US$65,000, a new high since December 2021
On March 4, according to OKX market data, Bitcoin hit US$65,000, with a 24-hour increase of 5.61%, a record high A new high since December 2021.
meme The currency sector continues to be strong, with PEPE rising by more than 60% in 24 hours
On March 4, according to market data, the meme currency concept sector continued to be strong, including:
PEPE increased by 60.72% in 24 hours, temporarily reported at 0.00000712 US dollars;
WIF increased by 15.80% in 24 hours, temporarily reported at 1.8587 US dollar;
FLOKI rose 25.19% in 24 hours, temporarily trading at US$0.0001597;
BONK The 24-hour increase reached 56.53%, and it was temporarily reported at 0.00003572 US dollars;
MEME's 24-hour increase reached 35.58%, and it was temporarily reported at 0.054133 US dollars;
PEOPLE increased by 29.48% in 24 hours, temporarily reported at 0.05780 US dollars;
DOGE increased by 26.31% in 24 hours, temporarily reported at 0.16876 US dollar;
SHIB rose 29.75% in 24 hours, temporarily trading at US$0.00002730.
Transaction Tracking
On March 4, according to monitoring by @ai_9684xtpa, 10 hours ago, the Ethereum Foundation associated the address starting with 0xa04 to transfer 500 ETH, approximately US$1.74 million, to the crypto market maker Cumberland DRW. This address received 47,814 ETH transferred from the Ethereum Foundation eight years ago (2015.11.08), when the price of ETH was only $1.03. From 2020.08.07 to 2024.03.03, this address deposited a total of 21,400 ETH to Cumberland and Kraken.
Some whale Purchased six "alien" NodeMonkes for a total price of 53.45 BTC
On March 4, according to NFTstats.eth monitoring data, the whale address starting with bc1p8jjt a few hours ago sold 53.45 BTC The total price of purchasing six "alien" NodeMonkes is approximately US$3.35 million. It currently holds a total of 19 NodeMonkes NFTs, and the total purchase cost is approximately 65 BTC. According to Magic Eden data, the floor price of NodeMonkes is temporarily quoted at 0.88 BTC.
SHIB, UNI, HarryPotterObamaSonic10Inu top the Smart Money 24-hour inflow list
On March 4, according to Nansen 2 data, Smart Money’s 24-hour capital inflow tracking list on the Ethereum network is as follows: SHIB: approximately US$1.82 million, currently quoted at US$0.0000233, a 24-hour increase of 7.94%; UNI: approximately US$1.3 million US dollar, currently quoted at US$12.46, with a 24-hour decrease of 0.69%; Meme token HarryPotterObamaSonic10Inu: approximately US$550,000, currently quoted at US$0.1778, with a 24-hour increase of 20.65%.
On March 4, according to Scopescan monitoring, 6 whale addresses withdrew a total of 428 billion SHIB (approximately 1,000 SHIB) from Coinbase 13 hours ago. Ten thousand U.S. dollars). The above address did the same thing in 2021 before SHIB reached its all-time high, and they never sold any SHIB.
Nearly 2 Assets worth US$200 million were transferred from MEXC to an unknown wallet
On March 4, according to Whale Alert monitoring, assets worth nearly US$200 million were transferred from MEXC to an unknown wallet.
Jutsin Sun deposited 20 billion SHIB to Poloniex, equivalent to approximately US$540,000
On March 4, according to @ai_9684xtpa monitoring, Jutsin Sun-related address 0x176...0a132 recharged 20 billion SHIB to Poloniex, worth US$540,000. This address currently holds 517 billion SHIB, with a total value of US$14.08 million, making it the third-largest token asset held by this address.
MakerDAO link 12 hours ago, it once again increased its holdings of US$400,000 SHIB
On March 4, according to @EmberCN monitoring, after MakerDAO Lianchuang Rune Christensen tried to buy SHIB on March 1, SHIB rose by 50% on March 2. So Rune continued to buy 400,000 USDC of SHIB (17.6 billion SHIB) 12 hours ago, and SHIB also rose by 20% a few hours later. Rune has currently spent a total of 500,000 USDC to buy 25 billion SHIB, with an average price of $0.00002.
Some whale Accumulated holdings of approximately US$1.03 million in PEPE
On March 4, according to Lookonchain monitoring, after the price of PEPE hit a record high again, the wallet marked ExnetworkCapital withdrew 142.8 billion from Bybit 18 minutes ago PEPE (approximately US$1.03 million).
Two new Wallets withdrew large amounts of ILV, PRIME and AGLD tokens from CEX
On March 4, according to Lookonchain monitoring, 2 new wallets withdrew tokens from Binance and Bybit in the past 2 hours 23,357 ILV (approximately $2.78 million), 80,000 PRIME (approximately $1.2 million), and 660,916 AGLD (approximately $1.11 million).
Ark Invest Last week, it reduced its holdings of Coinbase shares worth approximately US$45 million
On March 4, according to The Block, Cathie Wood’s Ark Invest sold 217,305 Coinbase shares last week. As of Friday’s close, Valued at nearly $45 million. Ark also sold $11.4 million worth of Robinhood stock during the same period. At the close of trading on Friday, Coinbase stock was trading at $205.77, up 22% for the week, up 60% in the past month, and more than 150% for the year, but it is still lower than the $342.98 hit during the peak of the last crypto bull market in November 2021. It's down 40% from its all-time high.
On March 4, according to Lookonchain monitoring, an early PEPE investor spent US$3,000 to purchase 4.9 trillion PEPE (currently approximately $35.5 million). He sold 760 billion PEPE (approximately $2 million), currently holds 4.15 trillion PEPE (approximately 30.8 million), and is the 13th largest holder of PEPE on the chain. His total profit on PEPE was approximately $32.8 million, a multiple of 11,077.
Project News
friend.tech: Investors agree to give up the right to sell tokens to users
On March 4, friend. tech said on the social platform, "Investors agree to give up their right to sell to you and let us create a truly user-controlled currency unprecedented in the cryptocurrency field. This is one of the craziest experiments in the cryptocurrency field."
Bitdeer announces the launch of The first cryptocurrency mining chip SEAL01
On March 4, Bitdeer Technologies Group (NASDAQ: BTDR), a technology company in the field of blockchain and high-performance computing, today announced the launch of its first SEAL01, the first cryptocurrency mining chip, is designed using advanced 4-nanometer process technology. The SEAL01 chip will be seamlessly integrated into its upcoming mining device SEALMINER A1.
Bitcoin An empty block was mined at height 833061 23 minutes ago
On March 4, according to mempool data, an empty block was dug out at Bitcoin height 833061 (that is, the block only contains one transaction with the block reward Coinbase), which is only the time interval from the previous block height. 7s. Miners package empty blocks out of economic interests, and doing so is the wisest choice for miners. In order to make full use of this time for mining and avoid conflicts with transactions packaged in the parent block, miners cannot fill the block with transactions, which means that miners can only try to mine empty blocks.
Go to the center Decentralized AI data network Port3 Network launches second-quarter mining
On March 4, decentralized AI data network Port3 Network announced the launch of second-quarter mining. Users can participate in transaction mining and social mining, share the transaction fee pool, Key dividend pool, and cash dividend pool, and obtain PORT3 and USDT token rewards. This mining is also part of Port3’s second season airdrop. 30 million PORT3 tokens will be distributed in the second quarter airdrop. Detailed airdrop rules will be announced later.
It is reported that the total mining transaction volume of Port3 Network in the first quarter exceeded 995 million US dollars, users shared a total of 4.54 million US dollars, and Twitter interactions reached nearly 1.4 million times , has currently accumulated 4.8 million users.
AltLayer: Celestia stakers’ application for the ALT airdrop in the first quarter will end tomorrow
On March 4, AltLayer issued a statement stating that Celestia stakers’ application for the ALT airdrop in the first quarter will end on March 5 Ends at 16:00 on the day.
On March 4, chain game Fusionist stated on social platforms that it will launch a new product Prime Ace (PeACE). Prime Ace is a set of ACE Avatar collectibles based on ERC 404 NFT, and it is also the first to be released on the Endurance platform. Tokens launched on. Revenue from the ACE Arena gaming and publishing platform will be directly injected into PeACE's liquidity pool. Fusionist is focusing on building a sustainable ACE ecosystem with Prime Ace (PeACE) as its core, focusing on revenue generation, liquidity provision and risk management. .
MOBOX has Issue 600 ETH airdrops to MODragon holders, worth approximately US$2.1 million
On March 4, according to official news, the Web3 gaming platform MOBOX opened the first round of airdrops for MODragon holders, totaling 600 ETH will be issued. It is reported that the NFT issued by MODragon for MOBOX will be used in the 3D open world Dragonverse Neo of the upcoming Bitcoin second-layer network Merlin Chain. In addition to MODragon, core assets such as Dragon Ball will also be used and empowered in the game. Officials stated that this airdrop is the first phase of warm-up activities before the game is launched, and MOBOX will release more benefits in the future to give back to the community.
CeFi Information
On March 4, according to Officially announced, the Binance financial management platform will support the airdrop distribution of Pixels (PIXEL) to RONIN regular product users. Binance will complete the PIXEL airdrop distribution to eligible RONIN regular product users before 20:00 on March 18, 2024 (Eastern Eighth District time).
Binance contract will stop supporting USDP as a joint margin asset
On March 4, Binance contract FDUSD will be supported as a joint margin asset from 17:00 on March 8, 2024, and USDP will be stopped as a joint margin asset at 14:00 on March 14, 2024 (Eastern Eighth District Time).
Due to the above changes, the USDP transfer limit under the joint margin mode has been updated to zero. After 14:00 on March 14, 2024, the remaining USDP balance in the U-based contract wallet will be automatically converted to USDT at a ratio of 1:1, and the conversion process will take approximately 24 hours. Please note: Conversions may not appear in transaction history.
Binance will Added spot trading pairs such as OM/TRY and PEPE/FDUSD
On March 4, Binance will list OM/TRY, PEPE/FDUSD, and PIXEL/ at 16:00 on March 5 USDC, STRK/USDC, THETA/TRY, UNI/FDUSD spot trading pairs provide users with more spot trading options.
Opinion data
Bitcoin NFT’s 7-day transaction volume surpassed Ethereum NFT, reaching US$168 million
On March 4, according to According to Cryptoslam data, in the past seven days, the transaction volume of Bitcoin NFT reached US$168 million, surpassing the US$165 million transaction volume of Ethereum NFT during the same period.
Data: Modular Layer2 Manta Pacific TVL exceeded US$1.94 billion
On March 4, according to L2beat data, Manta Pacific TVL currently exceeded US$1.94 billion, a month-on-month increase of 4.15%. Manta Pacific is the first modular Layer2, built on OP Stack and Celestia, and is supported by Binance Labs, Polychain, Coinfund, ParaFi and other institutions.
On March 4, according to Coinglass data, the open positions of Bitcoin futures contracts across the entire network were 453,700 pieces BTC (approximately $29.021 billion), reaching a record high. Among them, the CME Bitcoin contract’s open position is 136,600 BTC (approximately US$8.722 billion), ranking first; the Binance Bitcoin contract’s open position is 104,100 BTC (approximately US$6.66 billion), ranking first. second.
Michael Saylor : We are in a Bitcoin gold rush era that will last ten years
On March 4, according to Cointelegraph, MicroStrategy founder Michael Saylor said, “I think we are in a Bitcoin gold rush era. , starting in January 2024 and will last until approximately November 2034.” In addition, Saylor said that 99% of all Bitcoins will be mined by 2035, and 2035 will mark the beginning of the “growth phase.” . According to data from Buy Bitcoin Worldwide, approximately 93.5% of the total 21 million Bitcoins have been mined so far.
Matrixport: Supply and demand imbalance continues Conducive to the rise in Bitcoin prices
On March 4, Matrixport stated on social platforms that the Bitcoin bull market is still continuing. Demand from institutions is intertwined with the reawakening of retail traffic. The imbalance between supply and demand continues to favor Bitcoin prices.
USDe Market Cap Breaking through US$700 million
On March 4, the market value of USDe, a stable currency issued by Ethena Labs, exceeded US$700 million and is now at US$742 million. It is reported that USDe is a stable currency based on Ethereum and is guaranteed by derivatives. It achieves price stability through "delta-neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to stake USD, ETH or liquid tokens as collateral.
DWF link Chuang: ETH and EVM hype season is coming
On March 4, DWF Labs co-founder Andrei Grachev posted on the social platform, "Now you have seen the MEME currency hype season, Ethereum and the EVM (Ethereum Virtual Machine) hype is coming. Be prepared and if you have a project - fundraise ASAP."
Zircuit TVL exceeded US$400 million
On March 4, according to official data , zkRollup Zircuit protocol TVL exceeded 400 million US dollars, temporarily reported at 404,800,064.96 US dollars.
BlockBeats previously reported that on February 23, zkRollup Zircuit announced the launch of its staking plan. Users can now pledge various assets such as ETH, ezETH, rswETH, rsETH, LsETH and stETH. By participating, you will not only continue to enjoy the original staking income, EigenLayer Points and other rewards, but you will also receive an additional 100% Zircuit Points reward.
10X Research CEO: Bitcoin may hit a record high this week
On March 4, 10X Research CEO Markus Thielen said in a newly released report that he currently suspects that many new capital inflows from retail investors and institutions are based on fixed dollar amounts, and investors may not be sensitive to currency prices. And it is generally believed that the halving event is good for Bitcoin. As a result, Markus believes Bitcoin could hit a new all-time high this week.
Markus said price action over the weekend is always an important factor to watch, and while buyers (again) tried to establish liquid leveraged long positions, there were no sellers ( Lack of liquidity on the sell side), which means prices are only going up and new all-time highs are on the way. BlockBeats Note: Markus Thielen is the founder and CEO of 10X Research. He also provides paid market research reports to subscribers as a Matrixport analyst. He has accurately predicted the price trend of Bitcoin many times during this round of rises. Previously, a research report was released on January 3 analyzing the possibility that the Bitcoin spot ETF "may not be approved." Subsequently, Bitcoin fell by more than 10% in a short period of time, causing heated discussion in the market.
BlockBeats recently conducted an exclusive interview with him. In the interview, Markus also expressed his views on the market outlook and introduced the basis for his analysis. He even spoke out about Bitcoin. It will rise to $125,000 in this bull market. The complete interview can be read by clicking the "original link" below.
Greeks.Live Researcher: Market The bullish atmosphere is strong and has entered the FOMO stage
On March 4, Greeks.Live researcher Adam posted on social media that the orders of more than $5 million in the option block market last weekend were almost All are buying call options, and some are superimposed on selling out-of-value options to form a bull market spread to reduce costs. Back on Monday, BTC once again hit a new high for the year, and a large number of short- and medium-term bull market spreads were traded. Currently, the ultra-short-term IV has approached 80%. The market has a strong bullish atmosphere and has entered the FOMO stage.
Regulatory News
The U.S. SEC will make a decision on Fidelity’s Ethereum spot ETF application tomorrow
On March 4, according to The official website of the U.S. Securities and Exchange Commission (SEC) shows that the SEC previously postponed the deadline for making a decision on Fidelity’s Ethereum spot ETF application on January 19, and the new deadline is March 5. "The Commission believes it is necessary to designate a longer period of time for action on the proposed rule changes to allow sufficient time to consider the proposed rule changes and the issues raised therein," the SEC said.
On March 4, according to an official announcement, the Hong Kong Securities and Futures Commission (SFC) today warned the public as follows: Suspicious websites impersonating two licensed virtual asset trading platforms: HSKEX impersonating Hash Blockchain Limited and oslexu and oslint impersonating OSL Digital Securities Co., Ltd. After receiving reports of victims’ difficulty in withdrawing money, the Hong Kong Securities and Futures Commission added the above-mentioned website to the SFC’s Suspicious Virtual Asset Trading Platform Warning List on March 4, 2024. Victims also stated that they had been asked to pay high "fees and taxes" to withdraw money from the relevant websites. The Hong Kong Police Force has taken action to block the relevant website at the request of the Securities and Futures Commission.
The Securities and Futures Commission of Hong Kong once again reminds the public that online investment scams may involve any type of assets and be conducted through multiple channels, including social media and messaging applications. Investors should remain vigilant and verify the legitimacy of virtual asset trading platforms before conducting any transactions. The Hong Kong Securities and Futures Commission calls on the public to use the SFC’s public register of licensees and registered institutions and the list of licensed virtual asset trading platforms to check the latest information on licensed entities, including their official websites. Investors should also not send money or conduct any transactions before verifying the identity of the other party.
On March 4, according to CoinDesk, a case involving former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi and their friends In Sameer Ramani’s insider trading case, a U.S. court ruled on March 1 that trading certain crypto assets on the secondary market (i.e., Coinbase) is a securities transaction.
The ruling stated: “Even if Ramani trades tokens on the secondary market, the court’s analysis remains the same. The court continued to make such claims about its profitability when trading on the market. Therefore, under the Howey test, all cryptoassets purchased and traded by Ramani were investment contracts.” The court made this important point in its default judgment against Ramani position. A default judgment is entered when the defendant fails to respond to a court summons or fails to appear in court.
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