Rhythm Morning Post｜Pantera is raising funds to purchase a large number of SOL assets from FTX Estate; Bitwise says Ethereum may exceed US$10,000 this year
Selected news:
1. Pantera is raising funds to purchase a large number of SOL assets from FTX Estate
2. Ethereum exceeded $3,900 this morning
3. EOS will turn off the inflation mechanism and mint 818 million new EOS tokens
4. Fed Mester: If the economy meets expectations, interest rates may be cut later this year
5. Bitwise: Ethereum may exceed US$10,000 this year
Bitcoin rebounds above $67,000
On March 8, according to OKX market data, Bitcoin rebounded to above $67,000, with a 24-hour increase of 2.03%.
Ethereum Breaking through $3,900 this morning
On March 8, according to OKX market data, Ethereum briefly exceeded $3,900 this morning, with a 24-hour increase of 1.04%.
EOS Today It fell back after breaking through $1.36 in the morning, rising nearly 17% in 24 hours
On March 8, perhaps due to the influence of "EOS will shut down the inflation mechanism", EOS fell back after breaking through $1.36 this morning. The current price is $1.2545, with a 24-hour increase of 16.88%.
BNB Breakthrough US$475, a 24-hour increase of more than 10%
On March 8, according to Binance market data, BNB rose above US$475 and is now quoted at US$475.1, with a 24-hour increase of 10.80%.
INJ rose by more than 17 in 24 hours %, temporarily quoted at US$43.39
On March 7, according to OKX market data, INJ rose above US$44 and then fell back. It is now quoted at US$43.39, with a 24-hour increase of 17.14%.
Cheems Nearly The maximum increase in 2 hours reached 100%, and the current price is $0.0(7)47
On March 7, according to dextools data, the zkSync Era ecological meme project Cheems increased by 100 in the past 2 hours. %, now quoted at $0.000000047. BlockBeats previously reported that Cheems announced that it would replace the contract with a new one and open source it to meet the currency listing requirements of mainstream trading platforms. Users holding old contract Cheems can destroy and exchange them for new tokens through the official website.
On March 7, Whales Market points market data showed that the Kamino points floor price is now quoted at 0.0007 USDT/cent, and the current Kamino’s total global points are 112.66 billion points, corresponding to a value of US$78.86 million. According to Kamino’s disclosure, the proportion of tokens distributed to the community is 7%, and the initial circulation proportion is 10%, which corresponds to an initial circulation market value of US$112 million and an FDV of US$1.12 billion.
MANTA Breakthrough 3.5 US dollars, up more than 15% in 24 hours
On March 7, according to Binance market data, MANTA broke through $3.5 and is now quoted at $3.509, with a 24-hour increase of 15.85%.
SOL 24 It rose by more than 12% in an hour and was temporarily quoted at US$142.67
On March 7, according to OKX market data, SOL rose to US$144.49 and then fell back. It is now quoted at US$142.67, with a 24-hour increase of 12.44 US dollars. %.
JUP 24 It rose by more than 18% in an hour and was temporarily quoted at US$0.6938
On March 7, according to OKX market data, JUP rose to US$0.7184 and then fell back. It is now quoted at US$0.6938, with a 24-hour increase of 18.11 US dollars. %.
On March 7, According to Arkham monitoring, Grayscale transferred 4556.259 BTC, equivalent to approximately US$305 million, to the Coinbase Prime address at around 22:25 today.
Binance Labs Transferring 12.5 million CRV to Binance
On March 7, according to @EmberCN monitoring, Binance Labs transferred 12.5 million CRV (approximately US$10 million) to Binance 1 hour ago. This 12.5 million CRV was purchased by Binance Labs from Curve founder Michael Egorov for $0.4 in August last year for 5 million U. There is a 6-month lock-up condition, and the lock-up period ended on February 1 this year. The current CRV price is $0.8 and a sale would realize a gain of $5 million (+100%).
QCP Capital associated address to CEX Recharged approximately 310,000 RNDR
On March 7, according to monitoring by @ai_9684xtpa, in the past 23 hours, the QCP Capital associated address "0xa4F...0d358" recharged 311,976 RNDR to Binance, with a profit of The rate is as high as 6983%. The token cost of this address is only US$0.13 (or even lower). It was transferred after cross-chain to the Ethereum address three years ago (October 21, 2020). If all this time The sale would result in a profit of $2.99 million.
Pantera is Raising funds to purchase large amounts of SOL assets from FTX Estate
On March 7, Bloomberg reported that Pantera Capital is raising funds from large investors to purchase discounted Solana tokens from FTX Estate . The fund had the opportunity to buy $250 million worth of SOL tokens from FTX Estate, according to marketing materials sent to potential investors in February and seen by Bloomberg.
In exchange for the option to purchase SOL at 39% below the 30-day average price or $59.95, investors must agree to vesting for up to four years Expect. FFTX Estate holds 41.1 million SOL tokens, worth $5.4 billion as of Wednesday, accounting for about 10% of the total supply, Pantera said.
Fake Magic Eden wallet appeared in App Store, please do not interact with it
On March 8, fake Magic appeared in App Store Eden wallet application, users should not interact with it and be vigilant.
EOS will turn off the inflation mechanism. 818 million new EOS tokens minted
On March 8, EOS Foundation CEO Yves La Rose announced on social platforms that EOS will turn off the inflation mechanism in the future; approximately 818 million new EOS tokens were minted. EOS token; cap EOS supply at 2 billion; release newly minted tokens over a period of time, initially in large quantities and gradually decreasing over time (decreasing on a logarithmic curve). This dilutes the shares of inactive holders and rewards those who are still active.
Worldcoin Announcement 28 recipients of community grant program
On March 7, Worldcoin announced 28 grant recipients of the community grant program Wave0 to promote the construction of Worldcoin Tech Tree.
Grant recipients include voting solution Votexx, proof aggregation protocol NEBRA, Ribbon Protocol leveraging World ID users’ health and socioeconomic data to enhance global well-being, Data protection project xx Network, Rarimo which enables World ID to be used on any EVM chain, and Wonderland, a Sybil-proof voting system, etc. The Worldcoin Tech Tree is a visual representation of key areas of the project and potential subsets of these areas, such as user agent, hardware, operations, protocols, and governance.
Kamino： The first quarter snapshot will be taken on March 31, and tokens will be issued in April
On March 7, Solana Ecosystem’s composable automated liquidity management protocol Kamino Finance stated that it will be launched in March The first quarter snapshot of Kamino points will be taken on the 31st and calculated in the KMNO token genesis distribution in April. Kamino said that use cases for KMNO include controlling protocol incentive plans and revenue distribution, conducting protocol operations and risk management, etc.
The total supply of KMNO is 10 billion, and the expected circulation volume on the first day is 10%. KMNO’s initial community allocation is 7%. Kamino Points Season 2 will begin in April and will continue to reward protocol participation.
Optimism： There will be large movements in the Optimism official wallet in the next few days
On March 7, Optimism said, “In the next few days starting today, the wallet controlled by Optimism will conduct multiple transactions. Approximately 25 million OP tokens total. These are planned transactions."
Injective will launch the second-layer Rollup solution inEVM on the main network
On March 7, according to The Block, Injective announced The second-layer Rollup solution inEVM will be launched on the main network to promote on-chain composability of Ethereum, Cosmos and Solana. inEVM allows Ethereum developers to deploy applications on Injective without requiring code changes. Projects currently launching on Injective’s inEVM mainnet include Celestia, Pyth, TimeSwap, and Thetanauts.
LayerZero now Already launched on inEVM
On March 7, the cross-chain interoperability protocol LayerZero announced on the X platform that it has been launched on inEVM. Injective today announced that it will launch the second-layer Rollup solution inEVM on the main network to promote on-chain composability of Ethereum, Cosmos and Solana. inEVM allows Ethereum developers to deploy applications on Injective without changing the code.
Scallop announces token economics , 7.5% of SCA tokens are used for airdrops and other activities
On March 7, Sui ecological lending protocol Scallop announced the SCA token economics, with a total supply of 250 million tokens, of which 45% is used for liquidity mining, 15% is allocated to Scallop core contributors (founding team contributors), 4% is used for development and operations, 1.5% is allocated to advisors, 15% is allocated to strategic investors and partners, 7.5 % is used for ecosystem, community, marketing and airdrops, 5% is used for liquidity, and 7% is allocated to the treasury.
SCA is the core token of Scallop and will be distributed to users as incentives to encourage users to actively participate and contribute to the ecosystem. Scallop allows token holders to stake to obtain voting escrow for SCA, also known as veSCA.
「Gitcoin Sponsoring GTC 2024" may be false information
On March 7, regarding the news about "Gitcoin sponsoring GTC 2024", after verification, it has not yet been checked from the sponsor list on the official website of the NVIDIA Artificial Intelligence Conference to entities related to Gitcoin. At the same time, the official Gitcoin Twitter account did not release relevant information about the GTC 2024 conference. This news cannot be confirmed from official channels at present, and may be false information. Users are advised to make their own checks.
Bitwise: Ethereum may exceed $10,000 this year
On March 8, a crypto analyst from the asset management company Bitwise Juan Leon said that Ethereum has been "largely overshadowed by Bitcoin" in the past few months, but its price should at least double in 2024. Leon said: Ethereum is likely to exceed $8,000 or $10,000 this year, or even higher.
He pointed out that Bitcoin ETFs have gotten all the attention, but there will be more benefits for ETH next. This month’s Dencun upgrade will reduce transaction fees on the L2 network, which will will enhance network activity and even attract mainstream mass demand for Ethereum. He added that most positive sentiment will emerge in the weeks and months following the upgrade.
On March 8, Fed Mester said that if the economy is in line with expectations, interest rates may be cut later this year. Monetary policy is currently in a "good position". (Golden Ten)
Federal Reserve Powell: Inflation has dropped significantly since the beginning of last year
On March 8, Federal Reserve Chairman Powell said that the U.S. economy is growing at a healthy, sustainable, and solid rate. The labor market remains quite tight. Inflation is too high and has fallen significantly since the beginning of last year. We will use our tools to maintain a strong economy, labor market, and continue to make progress on inflation. (Golden Ten)
Federal Reserve Powell: Fully aware of the risk of cutting interest rates too late
On March 7, Federal Reserve Chairman Powell said that he was fully aware of the risk of cutting interest rates too late. If the economy develops as expected, Careful consideration will be given to phasing out the restrictive stance of the policy this year. The Federal Reserve is working hard to improve its follow-up supervision after the Silicon Valley Bank incident and is working on developing a new set of regulatory rule books. Earlier and more effective interventions will be implemented. (Golden Ten)
Mining company Bitfarms will produce a total of 4928 BTC in 2023
On March 7, Bitcoin mining company Bitfarms released its mining report for the fourth quarter and full year of 2023. A total of 1,236 BTC were produced in the fourth quarter of 2023, and 4,928 BTC were produced for the whole year of 2023. Mining gross margin improved to 52% in the fourth quarter of 2023 from 38% in the third quarter of 2023. As of December 31, 2023, Bitfarms held $84 million in cash and 804 Bitcoins.
Arkham： Tesla and SpaceX hold a total of 19,800 Bitcoins
On March 7, the data analysis platform Arkham issued a document stating that it had confirmed the Bitcoin holdings of Tesla and SpaceX. Tesla currently holds 11,510 BTC (approximately $780 million) on 68 addresses, while SpaceX holds 8290 BTC (approximately $560 million) on 28 addresses.
Arkham confirmed that on-chain fund flows match Tesla and SpaceX’s financial statements. Tesla bought $1.5 billion in Bitcoin in January 2021 and sold Bitcoin in two transactions: $272 million worth of Bitcoin in the first quarter of 2021; and in the second quarter of 2022 $936 million worth of Bitcoin was sold.
Bitcoin infrastructure Oyl completed a $3 million Pre-Seed round of financing, led by Arca
March 8 , Bitcoin infrastructure company Oyl completed a $3 million Pre-Seed round of financing, led by Arca, with participation from Foresight Ventures, Arthur Hayes family office Maelstrom, Domo, UTXO Management, Taproot Wizards CEO Udi Werthheimer, Kanosei and FlamingoDAO.
Oyl is developing full-stack development tools and wallets so users can use the latest trading tools in one application. In addition, Oyl Wallet will launch in the coming weeks, including market aggregation tools for BRC-20 and token exchange integration with Bitcoin DeFi protocol Omnisat.
Core Foundation Establishing a US$5 million innovation fund
On March 7, Core Foundation announced the establishment of a US$5 million innovation fund to promote the Indian decentralized application ecosystem on Core Chain. The fund aims to empower the Web3 community, enhance education and support founders and builders in India. Core Chain runs on a consensus mechanism called "Satoshi Plus", which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS).
Modular Blockchain Blackwing completed US$4.5 million in financing, led by Hashed and Gumi Cryptos
On March 7, modular blockchain Blackwing completed US$4.5 million in financing, led by Hashed and Gumi Cryptos . Blackwing will develop a modular Layer2 blockchain designed for liquidation-free leveraged trading of assets. Blackwing uses a method called Limitless Pools to enable users to trade using borrowed funds without facing forced liquidation. By converting liquidity provider positions into collateral, the platform ensures that the original positions used for borrowed funds trades can be recreated regardless of asset price movements.
Baek Kim, partner at Hashed VC, said: “Enabling traders to use leverage to trade any asset on any chain without worrying about liquidation is one of the benefits of DeFi. A big step forward and a major improvement in product experience, security and cost for traders."
On March 7, according to The Block, Cosmos ecological development platform Cosmology completed US$5 million in seed round financing, with Galileo and Lemniscap leading the investment. , Dispersion, HashKey, Tuesday Capital, Osmosis Foundation, Chorus One and Informal Systems participated in the investment.
Cosmosology provides a full-stack development environment, including Tendermint developer tools, Cosmos SDK and Internal Blockchain Communication (IBC) protocol. The project did not disclose this round of financing Valuation. The team says its goal is to make dapp development accessible to anyone interested in Cosmos development, reducing the need for specialized knowledge.
On March 7, Bison Labs announced the completion of the Pre-Seed round of financing. It aims to create a second-layer Bitcoin network with Trustless and on-chain sovereign Rollup solutions. The round was led by Portal Ventures, with participation from UTXO Fund, Domo (creator of BRC-20), Magic Eden’s Chief Product Officer Linus Chuang, Waterdrip Capital, Bitcoin Startup Labs, Satoshi Lab, and other strategic investors.
Bison Labs is a sovereign rollup scheme using ZK proof on Bitcoin, with the smallest trust assumptions and highest security on the market. Unlike existing Layer 2 solutions, Bison Labs prioritizes a trustless system that requires no external trust assumptions through client-side verification and securing assets in co-hosted DLCs. This method ensures security and prevents the key from being leaked.
To date, Bison Labs has more than 15 teams building ecological applications on its platform, and is extending its support to EVM and Rust0 VM, as well as CairoVM. Bison Labs CEO Jay emphasized the importance of a native smart contract ecosystem focused on Bitcoin. Unlike many other second-layer solutions that are designed with a common "multi-signature" approach, Bison introduces a trustless and node-free approach to secure the network. Bison Labs sets a new security standard with client-side verification to directly share a layer of Bitcoin security.
On March 8, according to Blockworks reports that the U.S. Securities and Exchange Commission has delayed its decision to approve the Chicago Board Options Exchange (Cboe) to list and trade Bitcoin ETF options. The regulator said on Wednesday that it would delay its decision on approving the proposed rule changes until the end of April. Currently, Chicago Options Exchange The firm did not immediately respond to a request for comment on the delay.
The Chicago Board Options Exchange (Cboe) first applied to list and trade options on its newly launched Bitcoin ETF back in January.
Market news : DO KWON may be extradited to South Korea
On March 7, according to market news, DO KWON may be extradited to South Korea.
On March 7, according to Yahoo Finance, Hong Kong Cyberport stated that it will support the latest wholesale-level central bank digital currency launched by the Hong Kong Monetary Authority. (wCBDC) project Ensemble, jointly promote the development of asset and currency tokenization in Hong Kong. Cyberport will encourage Cyberport community start-ups to actively participate in the HKMA’s wCBDC “sandbox” to further explore financial technology innovation and promote the development of digital currency settlement.
In terms of the HKMA’s Digital Hong Kong Dollar Pilot Programme, Cyberport collaborated with Hang Seng Bank last year to complete a real-life simulation test of programmable payment use cases. Fintech company ZA Bank was also selected to participate in the first phase of the Digital Hong Kong Dollar Pilot Scheme. In addition, Cyberport and the Hong Kong Monetary Authority have also successfully collaborated to launch the Fintech Regulatory Sandbox 3.1 Pilot Program and the "Anti-Money Laundering Compliance Technology Laboratory" to strengthen the application of compliance technology.
On March 7, according to the Daily Post, the Nigeria Securities and Exchange Commission (SEC) has formulated new anti-money laundering guidelines for digital assets, aiming to license and Screen Digital and Virtual Asset Service Providers (VASPs). The guidance has been submitted to the head of the official anti-money laundering committee and is currently undergoing final review and will be sought for comments before being finalized.
Welcome to join the official BlockBeats community
Telegram subscription group: https://t.me/theblockbeats
Telegram communication group: https://t.me/theblockbeatsApp
Twitter official account: https://twitter.com/BlockBeatsAsia
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Recommended
The Wall Street Journal: How is AI Trading Stealing the Limelight from Cryptocurrency?
Aug 15, 14:00
Tencent Still Has a Dream
Aug 15, 11:27
To Catch North Korean Hackers, They Set Up a Fake Project
Aug 15, 10:00
From Litigation to Settlement: Positive Signal Released by HTX's Negotiation with FCA
Aug 14, 19:32
11,742 Shipping Addresses Exposed Alongside Trezor Orders
Aug 14, 19:01
Founder Interview: FOMO Creator Explains How They Added 30,000 Users in One Day and Became One of the Fastest-Growing Crypto Apps
Aug 14, 18:37