Rhythm Evening News｜BlackRock may purchase Bitcoin spot ETF for its Global Allocation Fund; Vitalik: DePIN is a new name for projects like StorJ

Selected News:

1. RUNE rose to touch $8, rising more than 31% in 24 hours

2. BTC second-layer network project Mirror L2 announced that it will open the test network within a week

3.Jupiter DAO has now opened its first Launchpad voting, and projects such as Zeus will have a chance to receive airdrops by participating in the voting

4. BlackRock may be Its Global Allocation Fund buys Bitcoin spot ETF

5. Vitalik: DePIN is a new name for projects like StorJ

Price Watch

RUNE rising touch 8 US dollars, up more than 31% in 24 hours

According to market data, RUNE rose to touch 8 US dollars, and is now quoted at 7.813 US dollars, up more than 31% in 24 hours.

Or subject to Affected by Binance Labs' investment, GPT briefly touched $0.79, rising more than 10% in one hour

Or, affected by Binance Labs' investment, QnA3.AI (GPT) briefly touched $0.79 and then fell back. The current price is $0.717, which has increased by more than 10% in one hour. As previously reported, Binance Labs stated on social platforms that it has officially ended the sixth season of the Binance Labs incubation program and announced the second batch of S6 incubation projects invested in, including 4 projects including QnA3.AI.

QnA3.AI was incubated by Binance Lab and has received support from the Solana Foundation MCM Grant. GPT is the first AI token in the OKX Jumpstart section. It is the AI-driven one-stop Web3 knowledge engine and transaction portal with the largest number of users. It is the leading Web3 DApp in the popular AI sector.

At the same time, QnA3.AI also recently announced that it will participate in the NVIDIA GTC24 conference, introducing its Crypto AI Agent service at the booth, and preparing QnA3 hoodie prizes for attendees who interact with its AI robot.

STORJ Breakthrough 0.9 US dollars, up more than 15% in the past 1 hour

According to OKX market information, STORJ broke through 0.9 US dollars and is now quoted at 0.92 US dollars, up more than 15% in the past 1 hour. As previously reported, Vitalik, co-founder of Ethereum, posted on Warpcast: "Among the DePIN projects, which ones do people think are most likely to succeed? This category seems to be a response to a thing that has been around for ten years (StorJ, various decentralization (Uber, etc.), but it never took off? So why is it taking off now?"

Runestone’s highest bidding price has risen to 1.6 BTC

According to relevant page information, developed by Ordinals The highest bid for Runestone initiated by Leonidas has risen to 1.6 BTC. It is reported that Runestone is currently the largest ordinal inscription calculated by block size. The proceeds from this auction will be used to pay for the Bitcoin network fees for the Runestone airdrop, and all will be owned by Bitcoin miners.

FLOKI Breakthrough 0.00016 US dollars, a 24-hour increase of over 28%

According to OKX market information, FLOKI exceeded 0.00016 US dollars, and is now quoted at 0.00016566 US dollars, with a 24-hour increase of 28.34%.

Transaction Tracking

A trader spent $1,749 to buy 5.1 million WIFs on November 30 last year, currently worth $10.9 million

According to Lookonchain monitoring, a trader spent only $1,749 on November 30 last year to buy 5.1 million WIFs and has been holding them ever since, currently worth $10.9 million.

Some giant The whale once again transferred 39,700 BNB to Binance to participate in new currency mining, and the total investment amount has reached 37.42 million US dollars

According to monitoring by @ai_9684xtpa, the fourth largest whale in Blast pledge has invested an additional 39,700 BNB participated in new coin mining, with a total investment amount of up to 37.42 million US dollars. It is the highest investment amount in the past four mining participations. In the past three hours, the whale once again loaned 39,700 BNB from Venus and Radiant, and then deposited it into Binance. So far, a total of 79,293 BNB has been invested.

Wintermute to Binance deposited 8,400 ETH, equivalent to approximately $32.72 million

According to monitoring by The Data Nerd, Wintermute withdrew 10,400 ETH ($40.6 million) from Lido and Aave 7 hours ago . An hour later, Wintermute deposited 8,400 ETH ($32.72 million) to Binance.

PulseChain/ The address associated with DAI bought 15,003 ETH on the chain at an average price of $3,932. Total purchases in the past 4 days: 163,295 ETH (cost: 620.7 million DAI, average price $3,801). Unrealized profits amounted to $24.3 million.

Framework Ventures reported to Coinbase deposited 4 million SNX, equivalent to approximately $18 million

According to Spot On Chain monitoring, Framework Ventures deposited 4 million SNX ($18 million) to Coinbase in the past 14 hours . It is reported that Framework Ventures is the largest SNX holder. Since July 2022, Framework Ventures has deposited 7.9 million SNX ($30.2 million) into Coinbase. Currently, Framework Ventures still holds 19.3 million SNX ($85.4 million).

Data: 9 newly created addresses withdrew 561 billion SHIB from Coinbase, equivalent to approximately 18 million U.S. dollars

According to Scopescan monitoring, 9 newly created addresses withdrew 561 billion SHIB from Coinbase (approximately 18 million U.S. dollars).

Optimism： Approximately 19.5 million OP tokens have been sold to private investors

According to Optimism’s official announcement, Optimism has conducted a private token sale of approximately 19.5 million OP tokens (approximately US$89 million). These tokens have a two-year lock-up period, during which buyers can entrust the tokens to an unaffiliated third party to participate in governance.

Optimism also stated that these tokens come from the unallocated portion of the OP token treasury and are part of the foundation’s original working budget, accounting for 30% of the initial supply; There will be multiple OP transactions starting today to let the community know in advance that these are planned transactions.

WIF developers in the token WIF was sold within 2 days of its opening, and its current value has reached US$693 million

According to Lookonchain monitoring, WIF developers sold WIF worth US$29,000 (511 SOL) within 2 days of its opening. This is The current value of part of WIF is $693 million.

PulseX Past A total of US$200 million worth of ETH was bought in 14 hours, with an average price of US$3,870

According to monitoring by @ai_9684xtpa, PulseX distributed 200 million DAI to 10 addresses in the past 14 hours, with an average price of US$3,870 The US dollar bought a total of 51,809 ETH on the chain. In the past three days, PulseX and PulseChain-related addresses have accumulated 149,105 ETH, with a total value of up to $583 million.

Project News

BTC second-layer network project Mirror L2 announced that it will open the test network within a week

BTC second-layer network project Mirror L2 It was announced that the testnet will be opened within a week. The public test will be open to users across the entire network. Testers can earn points to win MIRR call option airdrops. Invite all players in the decentralized world to experience true decentralized BTC Layer2 staking. The ongoing node election has attracted hundreds of organizations and KOLs to participate.

Scallop announced The SCA airdrop will be available for redemption at 7pm tonight

Sui Ecological Lending Agreement Scallop announced on social platforms that the SCA airdrop will be available for collection at 7 pm on March 8, Beijing time, with 100% unlocking of TGE.

Aevo is online AEVO futures contract, currently quoted at US$2.53

According to official news, Aevo has launched AEVO futures contract, currently quoted at US$2.53.

Zeus Network Temporarily ranked first in Jupiter's first round of Launchpad voting, voters will receive project airdrops

According to relevant page information, the cross-chain communication protocol Zeus Network is temporarily ranked in Jupiter's first round of Launchpad voting with a support rate of 44% Top of the list. Zeus is designed to facilitate permissionless communication between Solana and the Bitcoin ecosystem. The Zeus Network integrates Bitcoin liquidity into Solana’s high-performance blockchain, facilitating decentralized cross-chain communications and has the potential to bring billions of dollars of liquidity to the Solana ecosystem.

It is reported that 100 million JUP and 75% of Launchpad fees will be used for governance incentives, and rewards will be distributed quarterly. According to official news from Zeus Network, in this Launchpad, addresses that vote for Zeus will receive community rewards and token airdrop rewards.

Aevo is online Wormhole (W) futures contract, currently quoted at US$1.85

According to official news, Aevo has launched the Wormhole (W) futures contract, currently quoted at US$1.85.

EthStorage: Will donate 1% of protocol tokens to Protocol Guild

EthStorage, the Ethereum dynamic storage expansion project, announced that it will allocate 1% of the total token supply to the Protocol Guild to support the latter's continued management of Ethereum. It is reported that the Protocol Guild is composed of more than 160 Ethereum core contributors and aims to support Ethereum ecological projects. BlockBeats previously reported that in July last year, EthStorage, an Ethereum dynamic storage expansion project, completed US$7 million in financing at a valuation of US$100 million, with dao5 leading the investment.

Entangle announced Token Economics, 3% of tokens will be used for airdrop

Cross-chain DeFi protocol Entangle releases NGL Token Economics. The maximum supply of NGL tokens is 1 billion (to be achieved when the final Infra Reserve tokens are unlocked in 36 months), with an initial circulating supply of 21,565,000. Token allocation includes: 15% will be allocated to the foundation; 12.8% will be allocated to the ecosystem; 41% will be allocated to the community and liquidity; 3.25% will be used for public sale; 27.95% will be allocated to strategic investors. 3% of the tokens will be used for airdrops to reward community users who contribute within a period of time after the mainnet is released. At the same time, participants who run agents or validators, utilize testnets, or work through dedicated communities will also receive airdrops. .

Previously, Entangle will list its token NGL on the 13th.

Go to the center Ordzaar, the decentralized Ordinals market, has launched its first quarter airdrop

Ordzaar, the decentralized Ordinals market, tweeted that its first quarter airdrop event has started, and users can verify their qualifications through the official link. The snapshot deadline for this airdrop is 0:00 on March 6, Beijing time. User rewards depend on the number of inscriptions saved in the wallet, the cost of the inscriptions saved in the wallet, the number of transactions, interaction with the Ordzaar platform and other factors.

block Chain tokenization platform Chintai plans to introduce its RWA token CHEX to Solana

David Packham, co-founder and CEO of Chintai, a Singapore-based blockchain tokenization platform, announced on the X platform that he intends to introduce his RWA token CHEX to Solana. David Packham revealed that his team had an exchange with representatives from the Solana Foundation last week to discuss how to collaborate and use Solana to introduce RWA tokens.

However, David Packham said that some specific content has not been finalized at this stage, and more updates will be launched in the next few weeks.

NFT project The minting fee of INK Genesis is set at 0.0058 BTC

According to the latest video released by NFT project INK, the minting fee of its Genesis series is set at 0.0058 BTC. It is reported that the total amount of the INK Genesis collection is 10,000 pieces.

Parallel Network : PARA holders will receive airdrops after the new token TGE

Parallel Network, the L2 project of the Arbitrum ecosystem, tweeted that the PARA token on Polkadot has been delisted and the team is preparing New tokens are launched and airdropped to all current PARA holders via snapshot after TGE.

Rollup deployment Platform Conduit announced that it supports the deployment of Arbitrum Orbit L3 based on the Base network

According to official news, the Rollup deployment platform Conduit announced that it supports the deployment of Arbitrum Orbit L3 based on the Base network, and the DA layer of AnyTrust can be selected. BlockBeats previously reported that in March last year, encryption infrastructure startup Conduit completed a $7 million seed round of financing, with Paradigm leading the investment.

Jupiter DAO is now open for the first time Launchpad voting, participate in the voting Zeus and other projects have the opportunity to receive airdrops

According to official news, Jupiter DAO has now opened the first Launchpad voting to select the top two projects for the LFG Launchpad. This voting has been held on It will begin at 10 a.m. ET on March 7 and last 72 hours. It is reported that 100 million JUP and 75% of Launchpad fees will be used for governance incentives, and rewards will be distributed quarterly.

Participating in voting requires locking JUP, but there is no minimum locking limit. Optional projects include the cross-chain communication network Zeus Network and the NFT lending platform SharkyFi. Zeus is designed to facilitate permissionless communication between Solana and the Bitcoin ecosystem.

The Zeus network integrates Bitcoin’s liquidity into Solana’s high-performance blockchain, facilitates decentralized cross-chain communication, and has the potential to power Solana The ecosystem brings billions of dollars in liquidity. SharkyFi is an NFT lending platform that gives holders the flexibility to instantly borrow the NFT of their choice, earn rewards as a lender, or gain instant liquidity as a borrower.

CeFi Information

BlackRock may purchase Bitcoin spot ETFs for its Global Allocation Fund

According to The Block, according to U.S. Assets According to the management company’s latest filing with the U.S. SEC, BlackRock may purchase a Bitcoin spot ETF for its Global Allocation Fund. "The Fund may purchase shares of exchange-traded products (ETPs) that track the price performance of Bitcoin, including BlackRock subsidiaries' Bitcoin ETPs," the company said in Thursday's filing.

As of March 7, Global Allocation Fund's assets under management were US$17.8 billion. Earlier this week, BlackRock also filed to add a spot Bitcoin ETF to its Strategic Income Opportunities fund, which has more than $36.7 billion under management.

Tether issuance on the Ethereum network 1 billion USDT (authorized but not yet issued)

According to Whale Alert data, Tether issued an additional 1 billion USDT on the Ethereum network. In this regard, Tether CEO Paolo Ardoino said that the 1 billion USDT is a supplement to the Ethereum network inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and inventory for cross-chain exchanges.

Binance will Support Stratis (STRAX) token replacement and increment

According to the official announcement, Binance will suspend the exchange of old STRAX tokens at 11:30 on March 20, 2024 (Eastern Eighth District time) Recharge and cash withdrawal services. Note: The old STRAX tokens recharged after this will not be credited to your account, please recharge in advance; Binance will separately announce the recharge and withdrawal opening hours for the new STRAX tokens after the token replacement and increment are completed; after the token replacement and increment are completed, Binance will no longer support the deposit and withdrawal of old STRAX tokens.

Binance Labs Announced the official end of the 6th season incubation program and announced the second batch of investment projects, including Cellula, Derivio, QnA3.AI and UXUY

Binance Labs stated on social platforms that it has officially ended Binance Labs Incubation Plan Season 6 and announced investment in the second batch of S6 incubation projects, including Cellula, Derivio, QnA3.AI and UXUY.

· Cellula is a fully on-chain autonomous life simulation strategy game that provides composability and persistence

· Derivio is a decentralized structured derivatives ecosystem on zkSync

· QnA3 is an artificial intelligence-driven Web3 knowledge sharing and search platform

· UXUY is a Multi-chain platform based on MPC and AA wallet technology

Previously reported that Binance Labs announced the first batch of S6 incubation projects: Ethena Labs, NFP and Shogun.

Binance: Wallet maintenance will be performed in the next few days, or large transactions may occur

Binance stated on social platforms that wallet maintenance will be performed in the next few days. As a result, users may notice some large transactions from Binance wallets across multiple networks, and the funds are safe.

Binance: XIRTAM "Secondary Market" user asset return is postponed to March 11th

Binance tweeted that the asset recovery process for "XIRTAM" refunds for secondary market participants will be postponed Starting on March 11th.

Binance will Deposits and withdrawals of network tokens such as Ethereum will be suspended on March 13 to support network upgrades and hard forks

According to the official announcement, Binance is expected to open in 2024, East Eighth District time At 21:25 on March 13th, Ethereum (ETH), Arbitrum (ARB), Optimism (OP), zkSync Era, Base Protocol (BASE), Manta Network (MANTA), Starknet (STRK) and Polygon (MATIC) networks were suspended. Token deposit and withdrawal services to support Ethereum network upgrades and hard forks.

This move is aimed at providing users with a quality experience. Ethereum is expected to undergo a network upgrade and hard fork at epoch 269,568 (estimated at 21:55 on March 13, 2024, East Eighth District Time).

Opinion data

Ethereum has a market value of US$474.4 billion, rising to the 20th place in the global mainstream asset rankings

Data shows that Ethereum The current market capitalization is US$474.4 billion, surpassing the SPDR S&P 500 ETF Trust (US$472.4 billion) and ranking 20th in the global mainstream asset rankings.

CoinShares: Net inflows into digital asset funds so far this year have exceeded $10 billion

James Butterfill, director of research at CoinShares, said that net inflows into digital asset funds so far this year have exceeded the $10 billion mark, very close to 2021 $10.6 billion in 2018

Data: Solana network TVL exceeds 3 billion US dollars

According to Defillama data, Solana network TVL rose to 3.018 billion US dollars, and the TVL of multiple protocols in the Solana ecosystem experienced significant growth. Among them:

· Solana ecological DeFi protocol Marinade TVL reached US$1.422 billion, with a monthly increase of 27.1%;

· Solana ecological liquidity staking The protocol Jito TVL reached US$1.223 billion, with a monthly increase of 54.06%;

· Solana ecological liquidity solution Kamino TVL reached US$730 million, with a monthly increase of 92.86%.

Vitalik: DePIN is the answer to something like New names for projects such as StorJ

Ethereum co-founder Vitalik posted on Warpcast: "Which of the DePIN projects do people think are most likely to succeed? This category seems to be a response to an already A new name for something that has been around for ten years (StorJ, various decentralized Ubers, etc.) but never got off the ground? So why would it get off the ground now?"

Bitcoin spot ETF had a net inflow of US$472.6 million on March 7

According to data from BitMEX Research, the Bitcoin spot ETF had a net inflow of US$472.6 million on March 7. Since January 11, 2024, GBTC has experienced net outflows of over $10 billion.

Andrew Kang : New funds will buy a large number of SOL tokens on the chain, and mainstream influencers will enter the meme currency field

Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital According to the post, the market is in the most interesting part of the meme coin parabola. They have confirmed enough momentum to attract 100x attention, but the biggest mainstream influencers and celebrities are yet to arrive. They could arrive as soon as the next few days and weeks.

Meme coins 2.0 or "culture coins" will emerge, targeting specific audiences/ideologies/groups of people. Every celebrity/influencer will have their favorite collab tokens, and it will mostly be tokens that are not on CEX, which means new dollars will appear on the chain to buy a lot of SOL's tokens, just like it was during the ETH and NFT season Same.

THORSwap’s single-day trading volume and liquidity hit a record high yesterday

According to official news, THORSwap, a cross-chain DEX aggregator based on THORChain, had a single-day trading volume of US$442 million yesterday and a liquidity of US$426 million, a record high. According to market information, RUNE exceeded $7 today, with a 24-hour increase of 31.73%.

Financing Express

Binance Labs invests in UXUY to strengthen its layout in the Bitcoin Lightning Network and multi-chain DEX ecosystem

Binance Labs announces investment The decentralized multi-chain trading platform UXUY is designed to support the development of the Bitcoin Lightning Network ecosystem. With the investment from Binance Labs, UXUY will strengthen its construction and layout in diverse ecosystems such as Bitcoin Layer2.

UXUY is an incubation project of Binance Labs S6. As an outstanding team representative, UXUY was invited to participate in Istanbul Binance Blockchain Week and deliver a special speech. Currently, UXUY has reached an in-depth cooperation with Binance Web3 Wallet to jointly promote the development of inscriptions and decentralized indexers. As an early builder of the Bitcoin ecosystem, UXUY innovatively built a Launchpad based on the Lightning Network, becoming the world's first DEX to run Lightning Network nodes. It also launched the Lightning address DID service, fully supported Bitcoin Taproot assets and became the core of Lightning Labs. Contributors. UXUY is constantly improving the Bitcoin ecological infrastructure.

BlockBeats Previous news, UXUY completed a $3.2 million seed round of financing on April 11, 2023, from Bixin Ventures, Waterdrip Capital, KuCoin Ventures, Mexc Ventures , Pionex and other institutions participated in the investment.

Orion won DWF Labs invests to expand its ecosystem

Liquidity aggregator protocol Orion tweeted that it has received investment from DWF Labs to expand the Orion ecosystem. DWF Labs agreed to lock up its ORN tokens for 12 months. Additionally, Orion will soon move to DeFi infrastructure Lumia.

Regulatory News

Microsoft and Ant Digital will participate in the Hong Kong Monetary Authority’s digital currency project

According to the "South China Morning Post", Hong Kong Financial Management The Hong Kong Monetary Authority (HKMA) announced the launch of a wholesale central bank digital currency (wCBDC) project pilot, which is the world's first platform for tokenized deposits, tokenized assets and central bank digital currency settlement. It will also form an "architectural community" to develop common standards.

According to people familiar with the matter, companies such as Microsoft and Ant Digital will join the community. Public information shows that Ant Digital will launch the Web3 technology brand ZAN for Hong Kong and overseas markets in 2023 to provide Web3 technical services to compliance agencies. Its products can help developers reduce development costs and technical risks.

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