Rhythm Evening News｜It is less than 20 days until Bitcoin’s “halving” is expected; OKX will list Wormhole (W)
Selected News:
1. Ordinals founder: Runes protocol built for Degen and Meme coins;
2. gm.ai announces code Coin Economics, the beta version will be open as early as next week;
3. Arthur Hayes: Attention to Meme coins will continue for some time to come;
4. March DEX trading volume reached US$267.938 billion, a record high;
5. It is less than 20 days until Bitcoin’s “halving” is expected
Price Watch
BCH briefly exceeded $700, with a 24-hour increase of 17.9%
According to OKX market data, BCH briefly exceeded $700, and is now quoted at $698.8, with a 24-hour increase of 17.9%.
Bitcoin The drop touched US$69,000
According to OKX market data, Bitcoin fell to US$69,000 and is now quoted at US$69,244, a 24-hour drop of 1.51%.
JTO Breakthrough 4.4 US dollars, up more than 35% in 24 hours
According to OKX data, JTO broke through 4.4 US dollars, and is now quoted at 4.42 US dollars, up more than 35% in 24 hours.
Zora chain Meme coins are generally rising, and Imagine has risen by more than 730% in 24 hours
According to market data, Meme coins on the Zora chain have generally increased, among which:
Imagine is currently quoted at US$0.01889, with a 24-hour increase of 736.88%;
ENJOY is currently quoted at $0.000263, with a 24-hour increase of 229.56%.
Transaction Tracking
A certain whale bought 38.95 million DEGEN, about 2 million US dollars
According to Lookonchain monitoring, a certain whale bought 552 DEGEN After ETH crossed the chain to Base, it bought 38.95 million DEGEN (approximately US$2 million), with an average price of US$0.052 per coin.
According to Spot On Chain monitoring, in the past 7 hours, Wintermute deposited 5 million ARB to Binance, approximately 8.24 million US dollars Dollar.
According to monitoring by The Data Nerd, a trader exchanged 6 SOL (approximately US$1,200) for 23 million CATIONO, 2 Minutes later, all CATIONOs were sold for $36,600.
Justin Sun Deposited 128.78 million USDT to Binance in the past 19 hours
According to monitoring by Ember, in the past 19 hours, Justin Sun redeemed 110 million USDT from JustLend and deposited 128.78 million USDT to Binance.
According to monitoring by @ai_9684xtpa, 2 hours ago, Wintermute unpledged 6,000 ETH deposited in Lido (about 21.66 million US dollars), transferred it to the address starting with 0xDBF, and recharged 7044 ETH (about 25.41 million US dollars) to OKX, Kraken and Binance.
A trader sold 25.5 million MFER for $566 two days ago, and the current value is over $4 million.
According to Lookonchain monitoring, a trader sold 25.5 million MFER for $566 two days ago, and now it is worth more than $4 million.
A trader spent 8.2 SOL to buy 20.7 million ORCATs, and has made a profit of $400,000.
According to @ai_9684xtpa, trader B8g2G, who previously made a profit of $1.2 million from trading BOME, opened a position in ORCAT at a low point last night and has made a profit of $400,000, with a return rate of 20279%.
After the BOME TOP1 holding address (@SundayFundayLFG) bought, the trader followed up immediately and spent 8.2 SOL to buy 20.7 million ORCATs, with an average cost of $0.00007851, making it the sixth largest address in ORCAT holdings.
Project News
Aave community initiates ARFC proposal to add sUSDe to Aave V3 on Ethereum
Aave community initiates adding sUSDe to Ethereum ARFC proposal for Aave V3, which had previously passed the temperature check vote. sUSDe is the staking version of Ethena’s synthetic U.S. dollar, USDe.
Arbitrum posted on social media that the election of its Security Council members will begin on April 12. The nominee selection phase ended on March 29, with 22 candidates receiving enough committed votes (at least 0.2% of all voteable tokens) to serve as candidates for the member election phase once they pass compliance checks people.
gm. ai announced token economics, and the beta version will be open as early as next week
The AI project gm.ai launched by the founder of Whales Market posted on social media that the tokens planned by the foundation In economics, the total amount of GM is 1 billion; 55% is allocated to the community (unlocked over 8 years); 20% is allocated to pre-sale (unlocked during TGE); 10% is allocated to the foundation (unlocked over 6 years) ); 15% is used to add liquidity and airdrops. Detailed token economics will be released next week.
According to official news, AINN Layer2, the first Bitcoin second-layer network focusing on Web3+AI applications, officially launched the mainnet on March 31st, North American time, and launched the AINN Layer2 Dataset staking activity. It will also support tokens as soon as possible. text agreement.
Curve founder Michael Egorov initiated a proposal to change the interest rate parameters of his lending platform LlamaLend on the Ethereum network. The proposed changes are WETH and tBTC The market's interest rates range from a minimum of 0.5% to a maximum of 25%, wstETH from 1% to 30%, and CRV from 3% to 60%. The proposal says the goal of the changes is to bring borrowing rates at 80% utilization roughly equal to current market rates.
Fusionist First The first Launchpad product PrimeACE will open for trading at 4:00
Chain game Fusionist’s first Launchpad product PrimeACE (PeACE) has been distributed through the ACE pledge activity, and the remaining ACE will be returned to the pledge Wallet, PeACE is being distributed.
PeACE will be launched on tesseractworld MarketPlace and DEX at 16:00 on April 1st.
Nibiru Chain The airdrop application for the incentive test network has been opened
Layer1 blockchain Nibiru Chain stated on the social platform that users participating in the incentive test network can now apply for airdrops.
DeFi Lending The protocol OpenLeverage was attacked, resulting in a loss of US$236,000
According to Paidun monitoring, the DeFi lending protocol OpenLeverage was attacked and lost $236,000.
OpenLeverage protocol has been suspended, the official said an investigation is underway
DeFi lending protocol OpenLeverage officially stated that "the protocol has been suspended and the investigation is underway. The accumulated insurance and repurchase funds should be able to make up for the losses."
Meme project SLERF officially stated that users who sent more than 5 SOL in the token pre-sale will be able to use funds not received in the pre-sale to claim NFTs from the upcoming series (if the user chooses to do so). Each claim will be deducted from the refund owed by the user for 5 SOL. The supply of this claim is limited.
According to the official announcement, Telegram announced that public channel owners with at least 1,000 subscribers can receive 50% of the revenue from ads displayed on their channels as rewards. Channel owners can withdraw their rewards for free, or reinvest them in Telegram ads, collectible usernames, or premium giveaways. Withdrawals for channel owners will be open on Fragment in the coming weeks.
CeFi News
Bitmain releases new S21 Pro mining machine
Bitmain released the new ANTMINER S21 Pro mining machine in Muscat, the capital of Oman, with a computing power of up to 234T and an energy efficiency ratio of only 15.0J/T.
Bithumb Released 2023 Annual Report: Revenue 135.8 billion won, net profit 24.3 billion won
According to the operating report released by Bithumb Korea today, Bithumb’s annual revenue in 2023 will be 135.8 billion won (approximately US$101 million), a decrease of 58% from the previous year. Operating loss was 14.9 billion won (approximately $11 million). Net profit was 24.3 billion won (approximately $18 million), down 75% year-on-year but marking the fourth consecutive year of profitability.
Bithumb attributed last year's revenue decline to a decline in transaction fee revenue as the cryptocurrency market deteriorated. The company's no-transaction-fee policy in the fourth quarter of last year also contributed to the decline in revenue.
According to the official announcement, Binance will be based on the user's snapshot time at 08:00 on April 21, 2024. (Eastern Eighth District time) Convert the following token balances into equivalent USDT based on the positions in the Binance wallet. Binance will convert the following token balances in user wallets to equivalent USDT before 07:59 on October 21, 2024 (Eastern Eighth District Time).
Bloomberg: Thai crypto trading platform Bitkub plans an IPO in 2025
According to Bloomberg, Jirayut Srupsrisopa, CEO of Bitkub Capital Group Holdings, the owner of Thailand’s largest cryptocurrency trading platform, said in an interview on Monday , the company plans an IPO in 2025. Bitkub plans to list on the Stock Exchange of Thailand, and Bitkub is hiring financial advisors for the listing.
OKX will be listed on Wormhole (W )
According to the official announcement, OKX will soon launch Wormhole (W). The specific time schedule is as follows:
W deposits are open Time: April 1, 6:00 pm (UTC+8)
W/USDT Opening time: April 3, 8:00 pm (UTC+8)
W Open Withdrawal time: 8:00 pm on April 4 (UTC+8)
Wormhole is an interaction platform that provides support for large-scale multi-chain applications and bridges. operating platform.
According to official news, Backpack Exchange officially launched Bitcoin trading, supporting the BTC/USDC trading pair. Users can trade in Bitcoin The transaction volume generated above will also be calculated normally in the second phase of the preseason.
Ordinals Founder Person: Runes protocol is built for Degen and Meme coins
Ordinals protocol founder Casey Rodarmor posted on social media, "Runes (Runes) was built for Degen and Memecoin, but the protocol Simple, efficient and secure. It is a legitimate competitor to Taproot Assets and RGB. The protocol is independent and does not rely on Ordinals or Inscriptions so it is very simple. Balances are stored in UTXO which can be locked in HTLC so Runes can Used on the Lightning Network. I'm highly skeptical of "serious" tokens, but Runes is certainly a "serious" token protocol. ”
Opinion Data
Ethereum co-founder Vitalik Buterin published an article entitled "Purge" Instructions for the Next Steps of Ethereum Protocol Simplification and Node Resource Load Reduction". Vitalik said that EIP-6780 in the Dencun hard fork removed most of the functionality of the SELFDESTRUCT opcode, simplifying the protocol by removing complexity and adding new security guarantees. Therefore, Vitalik marked it as an important part of the "Purge", about other "Purges" that are happening.
Arthur Hayes: Attention to Meme coins will continue for some time to come
According to Cointelegraph, BitMEX founder Arthur Hayes said in an interview with Real Vision CEO Raoul Pal, "Before labeling all Memecoins as "stupid", people should be cautious. They may be a net positive factor for the blockchain network in which they are located. You can think of these things as stupid and worthless, but if they can bring attention and more engineers to join this field, it is positive value for the blockchain itself. Chains that can support this culture will capture the value of it. 」
Greeks.live Researcher: Bitcoin Volatility Index DVOL faces great downward pressure
Greeks.live Researcher Adam released this week's crypto market outlook on social media, saying that Bitcoin's volatility has greatly weakened in the past week, and the largest quarterly delivery in history has released a large amount of margin, but the main term IV has not shown a significant decline, and Dvol is still high. Dvol faces great downward pressure, and the main term option IV, led by the medium- and short-term option IV, is likely to gradually decline. In the crypto interest rate market, Bitfinex spot big players are continuing to increase leverage, and the Green Leaf interest rate market has become active again. Friends who have idle funds recently can start to increase lending in Green Leaf.
Base network TVL exceeded 3.2 billion US dollar, a record high
According to L2BEAT data, Base Network TVL rose to US$3.2 billion, a 7-day increase of 62.69%, a record high.
From BCH The halving is expected to be less than 3 days away
According to BTC.com, the current block height is less than 3 days away from the BCH halving time, with 344 blocks remaining. After the halving the block reward will change from 6.25 BCH to 3.125 BCH.
Zora Master The number of network bridge addresses exceeds 470,000
According to Dune data, the number of Zora main network bridge addresses has reached 470,594, and the number of bridged ETH has reached 6824.
bit The currency’s “halving” is expected to be less than 20 days
According to BTC.com, there are currently less than 20 days left until Bitcoin’s fourth “halving” is expected to occur, with 2,797 blocks remaining. .
Block halving refers to the process of reducing the amount of digital currency generated per unit time, mainly by reducing block rewards. To date, the Bitcoin network has experienced three halvings in 2012, 2016, and 2020.
Andrei Grachev, co-founder of DWF Labs, posted, “Although the total market value of the crypto market is slowly rising (up 16% month-on-month), spot trading volume is declining (down 44% month-on-month). Overall, more and more Too many cryptocurrencies are being traded and distributed to holders in anticipation of some event that could bring huge volatility (like the Bitcoin halving?). It’s an interesting phenomenon.”
According to Pidun monitoring, more than 30 hacker attacks occurred in the cryptocurrency field in March 2024, resulting in the loss of approximately US$187.29 million. Losses, approximately $98.8 million have been recovered, a decrease of approximately 48% from February 2024.
Ethereum The re-pledge protocol Renzo TVL exceeded US$2.2 billion
According to official website data, the Ethereum re-pledge protocol Renzo TVL exceeded US$2.2 billion, reaching US$2.22 billion.
BlockBeats previously reported that Renzo announced the completion of a US$3 million seed round of financing in mid-January. This round of financing was led by Maven11, SevenX Ventures, Figment Capital and IOSG Waiting for participation. Binance Labs also recently announced its investment in Renzo to support liquidity re-hypothecation on the EigenLayer ecosystem.
March DEX trading volume reached 267.938 billion US dollars, a record high
According to DeFiLlama data, the entire network's DEX trading volume reached 267.938 billion US dollars in March, a record high, compared with February (118.063 billion US dollars) An increase of 126%.
Financing Express
Crypto angel investment platform Echo raises $300,000 for Ethena
According to The Block, crypto angel investment platform Echo has completed its first The transaction, led by cryptocurrency trader Ser Shokunin, allows Echo users to invest in the synthetic U.S. dollar protocol Ethena. The most recent private placement valued Ethena’s FDV at US$600 million, but Echo platform transaction participants valued Ethena at US$300 million. Value to get tokens.
According to Decrypt reports, decentralized trading platform Merkle Trade completed US$2.1 million in seed round financing, co-led by Hashed and Arrington Capital Led the investment, with participation from Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital and Dorahacks. This round of funding will follow the launch of the platform in late 2023, and funds raised will be used for the platform’s growth plans.
Regulatory News
According to Cointelegraph, the Tron block The entity behind the chain has asked a federal court in New York to dismiss a lawsuit filed against it by the U.S. Securities and Exchange Commission (SEC), arguing that the U.S. regulator is targeting "primarily foreign conduct."
The Singapore-based Tron Foundation said in its motion that the SEC’s case targets “foreign digital assets offered to foreign purchasers on a global platform,” over which the SEC has no authority.
The Tron Foundation said the tokens were "sold entirely overseas" and took steps to avoid the U.S. market. The SEC did not accuse the tokens of "initially is offered or sold to any resident of the United States."
The Tron Foundation said that the SEC claimed that subsequent secondary token sales on a "U.S. platform serving global users" were "unregistered U.S. Securities", "is untenable at best."
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