Rhythm Evening News｜Sui developer announces game console SuiPlay0x1, expected to be launched in 2025; ENA hits record high
Featured News:
1. ENA briefly broke through $1.45 to set a new record high, with a 24-hour increase of 11.7%;
2. Sui developer announced the game console SuiPlay0x1, which is expected to be launched in 2025;
3. Jupiter founder: will give a speech at the Token2049 conference and introduce a "new animal";
4. Binance will launch spot trading pairs such as CKB/USDC and ETHFI/USDC;
5. 10x Research: Bitcoin may fail to break through due to the nervousness on the eve of the CPI announcement, but it does not mean that the trend has reversed
Price Observation
ENA short-term breakthrough $1.45 hits a record high, 24-hour increase of 11.7%
According to market data, ENA briefly broke through $1.45 to hit a record high, and is now quoted at $1.396, with a 24-hour increase of 11.7%.
BNB rose more than 3% in the past 6 hours, and the FDUSD/USDT exchange rate returned to 1:1
According to market data, BNB rose more than 3% in the past 6 hours and is now quoted at $589.2.
In addition, after nearly 2 days of growth, the exchange rate between FDUSD and USDT has briefly returned to 1:1 (previously fell to about 0.9975:1).
Aevo platform Pre-Launch launched SWELL, now quoted at $2.65
According to official news, Aevo platform Pre-Launch launched Swell (SWELL), and users can trade before SWELL is officially released.
According to data released by Aevo, the total amount of SWELL is 1 billion, and the price of $2-3 (currently $2.65) means that the FDV of SWELL is about $2-3 billion.
TAO rose briefly above $640, up 10.3% in 24 hours
According to CoinGecko data, TAO rose briefly above $640, and is now quoted at $639.9, up 10.3% in 24 hours.
Earlier today, Zhu Su posted on social media that he had bought some TAO tokens.
WHALES broke through $1.5, up 27.2% in 24 hours
According to CoinGecko data, the Whales Market platform token WHALES broke through $1.5 and is currently quoted at $1.51, up 27.2% in 24 hours.
CKB rose to $0.035, with a 24-hour increase of 11.09%
According to market data, CKB rose to $0.035 and is now quoted at $0.03476, with a 24-hour increase of 11.09%.
Altcoins fell along with the market, ARKM fell more than 20% in 24 hours
According to market data, altcoins fell along with the market, including:
ARKM is currently priced at $1.933, down 20.69% in 24 hours;
WIF is currently priced at $3.38, down 17.74% in 24 hours;
ETHFI is currently priced at $5.47, down 17.05% in 24 hours;
AEVO is currently priced at $2.61, down 15.81% in 24 hours.
Transaction Tracking
The address starting with 0xe67 withdrew 668,000 PENDLE from Binance in the past 4 days
According to Scopescan monitoring, the address starting with 0xe67 withdrew 668,000 PENDLE (approximately US$4.49 million) from Binance in the past 4 days.
VanEck pledged 4,640 ETH through Abyss Finance again in the past hour
According to on-chain data analyst @ai_9684xtpa, Bitcoin ETF management company VanEck pledged 4,640 ETH (about 16.3 million US dollars) through Abyss Finance again in the past hour. In the past week, VanEck has pledged a total of 18,560 ETH, with a total value of 63.82 million US dollars.
A whale address withdrew 6 million ENA from Binance 1 hour ago and pledged all of it
According to Spot on Chain monitoring, a whale address withdrew 6 million ENA (about 8.58 million US dollars) from Binance 1 hour ago and pledged all of it. The address had pledged 8.96 million USD.e a month ago.
A whale withdrew 668,000 PENDLE from Binance in the past 4 days, about 4.49 million US dollars
According to Scopescan monitoring, in the past 4 days, a whale withdrew a total of 668,000 PENDLE from Binance, about 4.49 million US dollars.
According to @ai_9684xtpa monitoring, 11 hours ago, Wintermute's two addresses received 8.43 million ENA from the Ethena Labs project, about 10.3 million US dollars.
The Uniswap team/early investors sold 15,000 UNI on the wallet chain
According to @ai_9684xtpa monitoring, 9 hours ago, the Uniswap team/early investors sold 15,000 UNI (about 167,000 US dollars) on the wallet chain, with an average selling price of 11.18 US dollars.
Project Dynamics
Swell has opened pre-launch deposits for its Layer 2 network
According to official news, the Layer 2 network of the LSD protocol Swell has opened pre-launch deposits. The rewards available for deposits include:
· Swell airdrop and Swell L2 project
· EigenLayer points
· Points and yields of deposited assets
UXLINK has become the world's largest group-based Web3 social platform
According to the UXLINK official website and on-chain data, UXLINK has become the world's largest group-based Web3 social platform. At present, UXLINK has covered 86,989 groups with nearly 7 million users in the group, of which 29,051 groups have minted their own GGraph (group's on-chain graph) and GWallet (group's on-chain wallet) on the chain.
Google Cloud and Coinbase have joined EigenLayer as the first node operators
EigenLayer officials posted on social media that Coinbase Cloud has become one of the first operators of the protocol.
In addition, Google Cloud product manager Sam Padilla also posted that Google Cloud has participated in EigenLayer's test network since November last year and has now become a main network operator node.
Other companies that have joined EigenLayer as operators include Deutsche Telekom MMS, HashKey Cloud, P2P, Nethermind, Figment, Everstake, Kiln and AltLayer.
Sui developer announces game handheld SuiPlay0x1, expected to be launched in 2025
According to Decrypt, game startup Playtron has partnered with Mysten Labs to launch the game handheld SuiPlay0x1, which was demonstrated at the Sui Basecamp event in Paris today. It is reported that SuiPlay0x1 is a handheld gaming device running the Linux-based Playtron operating system, which is expected to be launched in 2025. The device can not only run Sui-based games, but also blockchain games on other networks, and even PC games from platforms such as Steam and Epic Games Store. But the device will have a deep and native integration of the Sui blockchain.
Jupiter officials posted on social media that its RPC is currently being attacked by a large number of spam robots and the team is currently working to process it to maintain normal user use.
Grass: 7.5 million fake accounts have been removed
Grass community contributor conte compiled a summary of the latest community conference call and said that Grass's measures to deal with witch behavior include 7.5 million fake accounts have been identified and removed, and the number of real Grass users has reached 1.8 million.
In the future, Grass will continue to use multiple measures to detect witch behavior and remove related accounts, so users are advised not to use products such as Whales Market while using Grass.
The Celo community voted to approve the proposal to "add USDT as a gas fee token on Celo"
According to the governance page, the Celo community voted to approve the proposal to "add USDT as a gas fee token on Celo."
The cross-chain bridge between Polkadot and Kusama is online
According to Polkaworld, the cross-chain bridge between Polkadot and Kusama is online. GRANDPA light clients running on the BridgeHubs for Polkadot and Kusama respectively have been initialized and are currently being synced in real-time by the permissionless relayers run by Parity.
The consensus proof logic (light client), parachain head proof logic, and message proof logic are all run on the BridgeHub runtime midchain, which is completely controlled by Polkadot/Kusama governance.
Multi-chain collaborative options protocol Jasper Vault launched at Hack.Summit()
Jasper Vault project leader JQ shared his new options protocol at Hack.Summit() today.
Jasper Vault was founded by JQ and is a decentralized peer-to-peer multi-chain collaborative options protocol with no counterparty risk, no liquidation, and no cross-chain bridge. Users can choose Lite or Prime versions to meet different needs. The platform emphasizes peer-to-peer and multi-chain features, applies the concept of account abstraction, and supports direct trading of options on the Bitcoin network, EVM, and Solana. Technically, ERC-4337 and PDAs are used to implement account abstraction, and multi-chain option trading is realized with the help of HTLC technology.
Jasper Vault focuses on user experience and compliance, supports various common wallets, and strictly abides by KYT and AML regulations. The option protocol is based on KISS (KISS - Keep It Simple, Safe) to make option trading simple and intuitive, avoiding the leverage risk of traditional options. Professional users can enjoy option trading without counterparty risk and obtain additional option income.
Jasper Vault's option protocol aims to bring new vitality to DeFi, provide simple, safe and efficient option trading services, and promote the liquidity and appreciation of digital assets.
TreasureDAO co-founder: plans to launch the Treasure Ruby testnet around April 22
TreasureDAO co-founder Karel Vuong posted on social media, "The team plans to launch the Treasure Ruby testnet around April 22, which will include a new Treasure portal for connecting, accessing and exploring the testnet environment, and a new Treasure Explorer. The goal is to release the mainnet in the third quarter of this year. In addition, Treasure Chain will support staking."
Cosmos Hub announces community confirmation of support for the implementation of licensed CosmWasm
According to official news, Cosmos Hub announced that Proposal #895 has been approved, and the community has confirmed support for the implementation of licensed CosmWasm on Cosmos Hub.
Saga announced that the first snapshot of SAGA stakers will be carried out within this month
The modular blockchain platform Saga officially stated that the first snapshot of SAGA stakers will be carried out within April.
Jupiter founder: will give a speech at the Token2049 conference and introduce a "new animal"
Jupiter founder meow posted on social media that "will give a speech at the Token2049 conference on April 19, share some announcements, and introduce a cute new animal."
CyberConnect launches Cyber Restaking, supported by EigenLayer and re-pledge protocol
CyberConnect announced the launch of Cyber Restaking, an innovative feature supported by EigenLayer and liquidity re-pledge protocol. This feature allows users to participate in the restaking of ETH in advance through the dual staking model on Cyber L2, the first restaking Ethereum Layer 2 for social and mass adoption. Starting April 9, users can deposit Liquid Restaking Token (LRT) assets from Renzo (ezETH), Puffer Finance (pufETH), and ether.fi (weETH) to start earning Cyber Restaking Points.
Parcl Points Trilogy Final Leaderboard Now Live, PRCL Initial Distribution Coming Soon
Solana on-chain real estate market Parcl announced that the final leaderboard of the Points Trilogy is now live.
The first snapshot of the initial PRCL distribution was taken on April 1st. The final loyalty snapshot was taken on April 8th. To be eligible, users' TVL must remain at or above the level of February 23rd. Points have been adjusted based on the above variables.
The initial distribution of PRCL is coming soon, permanent points have begun to accumulate, and the leaderboard will be live after the initial distribution.
CeFi Information
Binance will launch spot trading pairs such as CKB/USDC, ETHFI/USDC, etc.
According to the official announcement, Binance will launch CKB/USDC, ENA/USDC, ETHFI/USDC, YGG/USDC spot trading pairs at 16:00 on April 11, 2024 (Eastern Time 8).
In addition, Binance will open trading robot services for the following trading pairs at 16:00 (Eastern Time) on April 11, 2024:
Spot grid, spot DCA (average cost method), smart position: ENA/USDT, W/USDT;
Spot algorithmic orders: CKB/USDC, ENA/USDC, ETHFI/USDC, YGG/USDC.
Binance will remove a small number of BNB and TUSD trading pairs on April 12
According to official news, Binance will remove BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB trading pairs at 11:00 Beijing time on April 12.
Binance pledge lending adds JUP, TIA and other borrowable assets
According to the official announcement, Binance pledge lending (current interest rate) adds new borrowable assets:
Aevo (AEVO), BakeryToken (BAKE), Beam (BEAMX), Ethena (ENA), ether.fi (ETHFI), Hedera (HBAR), IOTA (IOTA), Jupiter (JUP), Kadena (KDA), ORDI (ORDI), Pepe (PEPE), Pyth Network (PYTH), Synthetix (SNX), Celestia (TIA), VeChain (VET), dogwifhat (WIF), Xai (XAI) and eCash (XEC)
VIP borrowing adds new borrowable assets: Saga (SAGA), Tensor (TNSR).
Binance leverage adds ASR, ATM, FIO, JUV, WAN assets and more BTC, FDUSD, USDC trading pairs
According to the official announcement, Binance leverage has added AS Roma Fan Token (ASR), Atletico de Madrid Fan Token (ATM), FIO Protocol (FIO), Juventus Fan Token (JUV) and Wanchain (WAN) full-position, isolated-position leveraged borrowable and collateralized assets, as well as more BTC, FDUSD and USDC full-position, isolated-position leveraged trading pairs.
OKX has launched ZEUS 1-50 times U-based perpetual contract trading
According to official news, OKX has launched ZEUS 1-50 times U-based perpetual contract trading.
Coinbase Prime now supports Marinade Staked SOL (mSOL) custody
According to the official announcement, Coinbase Institutional announced that Marinade Staked SOL (mSOL) is now open for custody. The availability of this asset may be restricted depending on the jurisdiction where the custody entity and the customer are located.
Opinion data
Retail investors became more positive about cryptocurrencies in the first quarter, according to a March survey by German bank Deutsche Bank (DB). But the survey showed that retail investors were not too optimistic about the prospects of the world's largest cryptocurrency, with only 10% saying they expected it to be worth more than $75,000 by the end of the year.
Less than a third of respondents said they expected Bitcoin prices to fall below $20,000 by the end of 2024. 40% of respondents said they expect Bitcoin to thrive in the coming years, while almost as many (38%) said they expect the digital asset to disappear.
"Federal Reserve Megaphone": Overheating of inflation in March may cause the Fed to overreact
Nick Timiraos, a Wall Street Journal reporter known as the "Fed mouthpiece," said that given that Fed officials underreacted to inflation data in January and February, there is a greater risk that they will overreact due to overheating in March inflation data. The Fed has tried to avoid making policy based on one or two data points, but the resilience of economic activity so far this year means that the case for a mid-year rate cut depends on whether inflation resumes its steady downward trend since the second half of last year. If inflation is mild in March and April, the Fed may cut interest rates in June. But if inflation is frustrated again in March, it could disrupt the June rate cut plan and delay the first rate cut to the Fed's July meeting, or even later. (Golden Ten)
Grayscale Investments CEO: GBTC net outflow may end
Michael Sonnenshein, CEO of Grayscale Investments, told Reuters in the latest episode of Inside ETF: "We do believe that the fund has begun to reach a certain degree of balance, and some expected outflows, whether it is bankruptcy selling or some investors who may make conversion transactions, have basically gotten rid of our concerns."
Cumulative trading volume of US spot Bitcoin ETF exceeds 200 billion US dollars
According to data from The Block, the cumulative trading volume of US spot Bitcoin ETF has exceeded 200 billion US dollars. This achievement was achieved less than three months after obtaining SEC approval. Among them, the trading volume data set a single-day record of 9.9 billion US dollars on March 5.
Fred Thiel, CEO of Marathon Digital Holdings Inc., a US-listed mining company, said in an interview with Bloomberg:
“We believe that the approval of the Bitcoin spot ETF has been a huge success, attracting funds into the market and essentially precipitating the price increase that should have occurred within three to six months after the halving. This halving event will reduce the supply of Bitcoin by about 450 per day, which may have some small impact on the price. As Bitcoin miners, we are very excited about the halving, and this time the price did not fall before the halving, but rose.”
According to the monitoring of on-chain data analyst Ember, it is expected that the ETF custodial address will have a net outflow of about 270 BTC after the opening of the U.S. stock market tonight, including:
· Outflow: Grayscale (GBTC) outflow of about 2,245 BTC (corresponding to an outflow of $154 million on April 9);
· Inflow: The remaining ten ETFs received about 1,975 BTC (corresponding to an inflow of $136 million on April 9). The main inflow was BlackRock (IBIT), which received 1,865 BTC (about $128 million).
Currently, the ten BTC spot ETFs hold a total of 839,112 BTC (about $57.89 billion).
NEOPIN TVL exceeds 200 million US dollars
NEOPIN recently successfully launched NEOPIN BDLP, a multi-yield mining protocol based on AI algorithm and RWA, and NEOPIN SDLP, an ETH automatic enhanced yield derivative. TVL successfully exceeded 200 million US dollars, becoming the largest TVL project on Project Dragon, the unified mainnet of Klaytn and Finschia, and the largest DIFI infrastructure in South Korea.
dYdX Chain cumulative transaction volume exceeds 100 billion US dollars
According to official data, the cumulative transaction volume of dYdX Chain has exceeded 100 billion US dollars.
The weekly transaction volume of USDT on the TRON chain has exceeded 110 billion US dollars
According to IntoTheBlock data, the weekly transaction volume of USDT on the TRON chain reached 110.02 billion US dollars, which is more than twice the settlement amount on the Ethereum network during the same period.
FDUSD Issuer: Plans to Expand Stablecoin Business to Sui Network
According to Coindesk, Hong Kong stablecoin issuer First Digital Trust said that its stablecoin FDUSD is currently expanding to the Sui blockchain after being available on Ethereum and BNB Chain.
First Digital CEO Vincent Chok said in an interview that the expansion aims to increase the adoption of FDUSD in the decentralized finance (DeFi) sector. The growth of the Sui network in the past year has also been amazing, and FDUSD hopes to grow together as the new stablecoin of the network.
It is reported that FDUSD was launched last year and has reached a market value of US$3.3 billion since its launch, making it the fourth largest stablecoin in terms of market value after USDT, USDC and DAI.
Markus Thielen, founder of 10x Research, said in an interview with Coindesk that investors do not need to over-interpret Bitcoin's recent failure to break through. This failure to break through may represent nervousness before the release of the US Consumer Price Index (CPI). Wall Street's tech-heavy Nasdaq index rose on Tuesday, providing a positive signal for Bitcoin and other risky assets. In other words, Bitcoin's decline may be short-lived.
Open interest in Bitcoin contracts across the network has dropped to $36.6 billion
According to Coinglass data, the open interest in Bitcoin futures contracts across the network is 526,700 BTC (about $36.639 billion).
Among them, the open interest of CME Bitcoin contracts is 149,000 BTC (about $10.327 billion), ranking first;
The open interest of Binance Bitcoin contracts is 118,600 BTC (about $8.274 billion), ranking second.
Data: EigenLayer TVL exceeds 13.3 billion US dollars
According to DefiLlama data, the total locked value (TVL) of the liquidity re-staking protocol EigenLayer has exceeded 13.3 billion US dollars, and is currently 13.334 billion US dollars.
BlockBeats previously reported that EigenLayer announced that it has officially launched on the Ethereum mainnet. This release is also accompanied by the data availability (DA) service EigenDA launched by the EigenLayer team.
The U.S. Bitcoin spot ETF had a net outflow of about $18.6 million yesterday
According to Farside Investors data, the U.S. Bitcoin spot ETF had a net outflow of about $18.6 million yesterday.
Among them, BlackRock IBIT had a net inflow of $128.7 million, FBTC had a net inflow of $3 million, and Grayscale GBTC had a net outflow of $154.9 million.
Data: Jito received more than 70,000 SOL tip rewards last week, about 12.03 million US dollars
According to Jito Explorer data, Solana ecosystem liquidity pledge agreement Jito received 70,356 SOL tip rewards last week, about 12.03 million US dollars.
Zora network TVL exceeded 33 million US dollars, a 7-day increase of 30.61%
According to L2BEAT data, Zora network TVL rose to 33.81 million US dollars, a 7-day increase of 30.61%.
Financing News
Zoth Completes US$2.5 Million in Financing, Led by Blockchain Founders Fund
According to Decrypt, Zoth has completed US$2.5 million in financing. This round of financing was led by Blockchain Founders Fund, with Borderless Capital, Mindativity Capital, YAP Capital, Momentum6, Singularity DAO, Aztlan Capital, Outlier Ventures, Decubate, and Wormhole Ecosystem Fund participating.
It is reported that Zoth is an ecosystem that connects liquidity between TradFi and OnchainFi, aiming to provide sustainable returns supported by RWA, and build an RWA ecosystem driven by multi-chain stablecoins to bring native sustainable returns to DeFi.
Regulatory News
Forbes: New stablecoin bill may be introduced in the US Senate this week
According to Forbes, New York Democratic Senator Kirsten Gillibrand said that she is expected to introduce new stablecoin legislation with Wyoming Republican Senator Cynthia Lummis later this week or next week.
Gillibrand described their goal: "Unleash the potential of cryptocurrencies and realize Bitcoin's original purpose as a payment tool. We work with the Federal Reserve, the Treasury Department and the New York State Department of Financial Services to allow non-depository institutions to issue stablecoins while promoting the safety and soundness of the industry."
Patrick McHenry, chairman of the U.S. House Financial Services Committee, said stablecoins would be an important first step in developing broader U.S. cryptocurrency laws.
BitMEX co-founder Benjamin Delo faces class action lawsuit for alleged price manipulation
According to Cointelegraph, Benjamin Delo, co-founder of cryptocurrency trading platform BitMEX, will face a class action lawsuit after a U.S. federal judge determined that he was a key figure in an alleged price manipulation conspiracy.
Benjamin Delo, a British citizen, requested last May that the lawsuit be dismissed, claiming that the U.S. court had no jurisdiction over him, but New York District Court Judge Andrew Carter rejected the request in an order signed on April 3 and announced the decision on April 8.
Judge Andrew Carter noted that Benjamin Delo "played a key role in the alleged manipulation" and "conceived and designed" a liquidation system that enabled BitMEX to "profit from the manipulation."
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