Rhythm Morning News | The Hong Kong Securities Regulatory Commission has listed the approved spot Bitcoin and Ethereum ETFs and stock codes; the CEO of the EOS Network Foundation proposed a new token economics to set the supply cap at 2.1 billion
Featured News:
1. CZ submitted an apology letter to the judge, and there were 161 letters of appeal from people in various industries;
2. The Hong Kong Securities Regulatory Commission lists the approved spot Bitcoin and Ethereum ETFs and stock codes;
3. The CEO of the EOS Network Foundation proposed a new token economics: it is planned to set the supply cap at 2.1 billion;
4. Data: ezETH is still in a "de-anchored" state, with a discount of about 3% to the price of ETH;
5. CZ submitted an apology letter to the judge, and there were 161 letters of appeal from people in various industries
April 24 On April 25, according to OKX market data, Ethereum fell below $3,200, with a 24-hour drop of 1.4%.
Bitcoin rebounded above $65,000
On April 25, according to OKX market data, Bitcoin rebounded above $65,000 and is now quoted at $65,051, with a 24-hour drop narrowed to 2.48%.
Bitcoin hits $64,000 again, down 3.5% in 24 hours
On April 25, according to OKX market information, Bitcoin hit $64,000 again, and is now quoted at $64,031, down 3.5% in 24 hours.
Runestone airdrop rune price per unit is 5.48 sats, with a market value of $350 million
On April 25, according to market information, the price of Runestone airdrop rune DOG•GO•TO•THE•MOON is now 5.48 sats, with a total market value of $350 million. Each Runestone NFT airdrop is worth $3,150.
Perhaps affected by the ezETH depegging event, GEAR fell more than 22% in a single day
On April 25, according to OKX market information, GEAR is now quoted at $0.02462, a single-day drop of more than 22%. Yesterday, Gearbox said that due to the depegging of ezETH, some users were liquidated, but the passive borrowers of the protocol did not generate bad debts.
EOS breaks through $0.9, up more than 9% in the past hour
On April 25, according to OKX market information, EOS broke through $0.9 and is now quoted at $0.9198, up more than 9% in the past hour. Earlier news, the CEO of the EOS Network Foundation proposed a new token economics, intending to destroy 80% of the total supply in the future and set a supply cap of 2.1 billion.
Grayscale transferred about 874 BTC to Coinbase Prime
On April 24, according to Arkham data, the Grayscale address transferred 873.553 BTC to the Coinbase Prime address about 12 minutes ago, equivalent to about 57.65 million US dollars. In addition, Grayscale also transferred 1,500 BTC (about 99 million US dollars) to 2 new addresses.
Suspected Justin Sun address continues to withdraw $22.28 million worth of ETH from Binance
On April 25, according to Ember’s monitoring, the suspected Justin Sun address withdrew 7,127.9 ETH from Binance 6 hours ago, worth $22.28 million. The address has purchased a total of 154,570 ETH since April 1, with an average price of $3,140.
On April 25, Yves La Rose, CEO of the EOS Network Foundation (ENF), proposed a new token economics on the X platform. The main points include: - 80% of the total future supply will be destroyed; - Inflation will be turned off; - The supply cap will be set at 2.1 billion tokens; - A 4-year halving cycle; - About 950 million EOS will be minted; - Staking rewards related to lock-in; - Support for the RAM market.
The "Buy Bitcoin" sign behind Yellen in 2017 was sold for $1.027 million
On April 25, Bloomberg reported that the "Buy Bitcoin" sign behind U.S. Treasury Secretary Yellen at the 2017 House Financial Services Committee meeting was sold at an auction for $1.027 million. The sign was sold by Christian Langalis, who plans to use the proceeds to fund a Bitcoin software project. Christian Langalis is an intern at the liberal think tank Cato Institute.
Earlier, when Yellen attended the House Financial Services Committee meeting in July 2017, he grabbed a seat behind Yellen and quickly wrote this message. After the slogan was photographed by the TV station, Christian Langalis was expelled from the venue.
io.net: The IO launched by Whales Market is not officially supported
On April 24, io.net officially announced that the prediction market Whales Market was not officially supported to be listed on IO. The Whales Market team chose to list on IO without notifying or coordinating with the io.net team. Please proceed with caution.
Jupiter has reallocated airdrops for more than 1,000 addresses
On April 24, Jupiter announced that it had successfully reallocated airdrops for more than 1,000 addresses to community members whose wallets had been hacked and therefore missed the airdrop. Jupiter manually reviewed more than 10,000 appeals.
Previously, the team learned that some community members’ wallets had been hacked and they would miss the airdrop. 4 million JUP were redistributed to the legitimate owners of the attacked addresses over the past few months. This means that 1,000 new Catdets can stake their JUP and vote for DAO proposals. In addition, due to the huge intensity involved in the audit, the team will not be able to reproduce this process again in the future.
Viction Launches Application Chain Network Viction World Wide Chain
On April 24, the scalable blockchain Viction announced the launch of Viction World Wide Chain, which represents a network of application chains running simultaneously, based on common settlement on Viction. These fractal chains are interconnected through the Viction World Wide Chain Protocol (WWCP), allowing asset and data transfer within these chains, and each application chain runs as an independent zkEVM instance in a parallel blockchain.
Galxe launches GAL staking function, staking users can participate in unique airdrop activities
Galxe, the Web3 infrastructure and digital credential network, today announced the launch of GAL staking, providing users with the ability to unlock exclusive rewards through the Galxe Earn platform, which is changing the way airdrops are conducted, offering smarter, precisely targeted airdrops.
Through GAL staking, users can access Galxe Earn to participate in unique airdrop events using their staked GAL tokens. This integration creates a dynamic synergy between the staking and reward mechanisms, providing more than 18 million active participants with a more engaging and directly beneficial way to interact with the ecosystem.
Powered by Galxe Quest, Galxe Earn enables direct interaction between projects and stakeholders such as token holders, NFT collectors, and social media followers. It allows projects to offer exclusive rewards, including whitelisted positions and limited airdrop access, thereby enhancing participation and expanding the ecosystem's reach.
Merlin Chain official Discord suspected of being attacked
On April 24, according to community feedback, Merlin Chain official Discord was suspected of being attacked, and a management account posted a notification with a phishing link.
BlockBeats reminds users to carefully identify content and pay attention to personal asset protection.
Ordinals Developer: Runes Meme Coin DOG Has Been Airdropped to Runestone Holders
On April 24, Ordinals developer Leonidas stated that 100 billion Runes Meme Coin DOG had been airdropped to Runestone holders.
Web3 infrastructure Syntropy rebrands as Layer1 blockchain Synternet
On April 24, Web3 data infrastructure provider Syntropy announced its name change to Synternet. Synternet positions itself as a Layer1 blockchain that provides data infrastructure for a unified and composable Web3 environment.
Its official said that the transition from Syntropy to Synternet will not affect the NOIA tokens held by users, which still run on the Ethereum network and currently do not require token holders to take any action. Synternet promises to launch the Synternet blockchain mainnet in the coming months and introduce a cross-chain bridge between Ethereum and Cosmos.
Bitcoin Payment App Strike Launches Service to European Customers
On April 24, Bitcoin payment app Strike has launched its long-awaited service to European customers, enabling eligible individuals and businesses in the region to buy, sell, send and withdraw Bitcoin and make local currency payments.
Strike's "Global Send" feature allows users to use Bitcoin's Lightning Network for fast and low-cost local currency remittances. Customers can sell their Bitcoin and withdraw the same to their bank account, transfer to their self-custodial wallet, or make unlimited payments via Bitcoin or the Lightning Network.
LSDFi public chain Tenet has now launched its mainnet
On April 24, LSDFi public chain Tenet announced that its mainnet has been launched. The idea of Tenet is to provide an incentive layer to control the flow of network rewards to participants in it, tailored for communities that focus on yield assets and decentralized finance.
The technology supporting the launch of the Tenet mainnet has now been audited, and the team has used the public testnet to resolve any remaining user experience issues. The Tenet mainnet technology will be launched in three phases. Users of the first two phases (as well as users who have used Tenet mainnet and testnet products to date) will be able to earn Tenet's version points Lightyears until the launch of Interstellar, a protocol and token that controls the flow of network incentives, which will receive fees and revenue from the ecosystem.
Chainlink Cross-Chain Interoperability Protocol CCIP Enters General Availability
On April 25, Chainlink announced that its Cross-Chain Interoperability Protocol (CCIP) has officially entered the General Availability (GA) stage. Developers can use CCIP to transfer loaded tokens across chains without permission, send arbitrary messages to smart contracts on another integrated blockchain, or send data and value at the same time through CCIP's unique support for programmable token transfers.
Currently supported blockchains include Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX, with more blockchains to be supported in the future.
Sei launches Sei Accelerator program for project founders and Pre-Builders, now open for application
On April 25, according to official news, Sei issued an open letter to founders and Pre-Builders, mentioning that the Sei Foundation hopes to provide the necessary resources and guidance through the Sei Accelerator program to enhance a group of selected founder projects.
As part of the program, successful applicants will receive three months of funding to develop a functional minimum viable product (MVP) with foundation members and industry experts. Participants will present their projects and ideas to the community and industry leaders on the online demo day. In addition, they will receive support from mentors in project planning, technical feasibility, branding and marketing, and quickly meet and work with other Sei-based teams. The program is now open for application, and no specific deadline has been set.
Ducat Protocol launches Bitcoin native stablecoin UNIT based on Runes
On April 25, Ducat Protocol announced the launch of UNIT, a Bitcoin native stablecoin based on Runes.
Ducat uses Ordinals Inscriptions as a form of smart contracts, Runes tokens, and Taproot upgrades to turn BTC addresses into stablecoin vaults. UNIT will be issued in the form of Runes, collateralized by 150% BTC, and its anchor will be managed entirely programmatically. In addition, Bitcoin Frontier Fund announced that it has completed its investment in the protocol.
On April 25, Renzo stated on its social platform that after listening to the community's opinions, it decided to update the token allocation ratio. The airdrop allocation ratio is increased to 12% of the total tokens, the total supply in the first quarter is increased from 5% to 7% (the additional 2% is borne by liquidity and the foundation), and the allocation in the second quarter is still 5% of the total supply. In addition, the minimum qualification for each wallet airdrop is 360 ezPoints, and most airdrop addresses can be fully unlocked after TGE. Wallets with more than 500,000 ezPoints will unlock 50% at TGE, and the rest will be linearly vested within 3 months.
ZK chain game ecosystem Tevaera completed US$5 million in financing, led by Laser Digital
On April 24, Tevaera, a chain game ecosystem based on ZK Stack, completed US$5 million in financing, led by Laser Digital, a digital asset subsidiary of Nomura Securities, and participated by Hashkey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Faculty Group, Crypto.com Capital, Cogitent Ventures, Selini Capital, DWF Labs, etc.
Tevaera plans to launch two new games and the first decentralized L3 game chain on zkSync. Tevaera attracted more than 850,000 "soul-bound" players last year through its first multiplayer game Teva Run, Guardian NFTs, and comprehensive market Teva Market.
Crypto incubator Alliance receives strategic investment from Founders Fund
On April 24, Peter Thiel's venture capital firm Founders Fund has made a "strategic long-term investment" in cryptocurrency incubator Alliance. Although the specific investment amount was not disclosed, Alliance co-founder Imran Khan said that Founders Fund has acquired a minority stake in Alliance. The investment was completed in October last year, and the details of the cooperation were finalized in January this year. As part of this investment, Founders Fund will provide support to Alliance's portfolio companies.
Blockchain game studio InfiniGods completes $8 million in Series A financing, led by Pantera Capital
On April 25, according to the official announcement, the blockchain game studio InfiniGods completed $8 million in Series A financing, which was exclusively invested by Pantera Capital. The financing will be used to develop its mobile game King Of Destiny. According to previous news, in May 2022, InfiniGods completed a $9 million seed round of financing, led by Pantera Capital, with participation from Framework Ventures, Jefferson Capital, Animoca Brands and Double Peak. The financing will be used to release three games in 2022, including an NFT with in-game utility.
Monex Group has completed the acquisition of a majority stake in 3iQ, a crypto asset company
On April 25, Japanese financial services provider Monex Group has completed the acquisition of a majority stake in 3iQ Digital Holdings, a Canadian crypto asset company, to expand its crypto business.
3iQ previously launched North America's first regulated Bitcoin and Ethereum exchange-listed funds and the first Ethereum ETF with staking capabilities on the Toronto Stock Exchange. Monex Group expects to meet the needs of global institutional investors and exchanges for crypto asset management through the acquisition of 3iQ.
Vitalik: ZKasino does not involve any ZK technology
On April 24, Ethereum co-founder Vitalik Buterin wrote, "ZKasino does not involve any 'ZK' technology, except that it exists on zksync, right? I think we have to adapt; even 'ZK' has now become a mainstream enough buzzword that it is widely used by fraudsters."
Gate founder: Infrastructure innovation is the key to large-scale adoption of blockchain
On April 24, according to official news, on April At the TOKEN2049 side event held in Dubai on March 19, Gate founder and CEO Dr. Han Lin emphasized the importance of infrastructure construction in promoting the large-scale adoption of blockchain technology.
Dr. Han Lin pointed out in his keynote speech that although the popularity of blockchain technology may be slower than expected, its acceptance in the mainstream market can be significantly improved through innovative infrastructure solutions.
The number of stablecoin holders exceeded 93 million, a record high
On April 24, CoinDesk reported, citing rwa.xyz data, that the number of addresses holding USD stablecoins and stablecoins pegged to cryptocurrencies has increased by 15% this year to more than 93.6 million, a record high.
With a market value of $114.07 billion, USDT leads the industry, accounting for more than 80% of the total stablecoin addresses, followed by USDC and BUSD. Nearly 20 million addresses, 77% of which are based on TRON and Binance Smart Chain (BSC), mainly represent the participation of retail investors.
According to rating agency Standard & Poor's, regulatory clarity may encourage banks to adopt stablecoins. Last week, U.S. Senators Cynthia Loomis (R-Wyo.) and Kirsten Gillibrand (D-NY) co-introduced a 179-page bill on stablecoin regulation. "Assuming the bill is approved and related banking regulations follow, the new regulations may provide banks with a competitive advantage by limiting the maximum issuance amount of institutions without banking licenses to less than $10 billion."
BlackRock IBIT has had inflows for 71 consecutive days, entering the top ten in history
On April 24, Bloomberg ETF analyst Eric Balchunas wrote, "The inflow duration of BlackRock's spot Bitcoin ETF IBIT has reached 71 days, officially entering the top ten in history, surpassing the ETF one-day miracle JETS (remember JETSanity?). It also surpassed BND and VEA, both of which have had large inflows of funds."
Over $6.3B in Bitcoin Options on Deribit Expire This Friday
On April 24, over $6.3B worth of Bitcoin options and over $3B worth of Ethereum options on Deribit expired this Friday.
However, the situation with Ethereum options shows that the number of puts and calls is significantly lower than the ratio of Bitcoin. For the Ethereum contract, the put-to-call ratio is lower at 0.49 ahead of Friday's expiration. A put-to-call ratio below 1 indicates that call volume exceeds put volume, which also indicates bullish sentiment in the market.
On April 24, according to Lookonchain monitoring, Grayscale reduced its holdings by 538 BTC (approximately $35.08 million) today, and currently holds 303,683 BTC (approximately $19.8 billion). BlackRock increased its holdings by 569 BTC (approximately $37.14 million) and currently holds 274,462 BTC (approximately $17.9 billion). 9 ETFs (including Grayscale) increased their holdings by a total of 949 BTC (approximately $61.88 million).
Grayscale GBTC had a net outflow of $130 million yesterday
On April 25, according to Farside Investors data, Grayscale GBTC had a net outflow of $130.4 million yesterday.
In the past 12 hours, the entire network has exploded $154 million, mainly in long positions
On April 25, according to Coinglass data, in the past 12 hours, the entire network has exploded $154 million, of which long positions have exploded $139 million.
On April 25, AdvisorHub cited informed sources as saying that Morgan Stanley plans to recommend Bitcoin ETFs to clients through its 15,000 brokers.
It is reported that Morgan Stanley has provided Bitcoin ETFs since it was approved by regulators in January, but it is only provided and not actively promoted. Customers still need to consult their advisors for investment matters. This situation may usher in a turning point. People familiar with the matter said that "Morgan Stanley may make every customer aware of the Bitcoin ETF in a controllable way."
Data: ezETH is still in a "de-anchored" state, with a discount of about 3% to the price of ETH
On April 25, according to CoinGecko market information, ezETH was quoted in the range of US$3034-3072 on various platforms, still in a "de-anchored" state, with a discount of about 3% to the price of ETH.
Hong Kong's approved Bitcoin and Ethereum ETFs are the first in the Asian market
On April 24, China Asset Management (Hong Kong), Harvest Global, and Bosera International announced today that the first batch of Hong Kong Bitcoin spot ETFs and Ethereum spot ETFs applied by the three fund subsidiaries have been approved by the Hong Kong Securities Regulatory Commission. They are scheduled to be issued on April 29 and listed on the Hong Kong Stock Exchange on April 30.
This is the first time such products have been launched in the Asian market. These two types of products are designed to provide investment returns anchored to the spot prices of Bitcoin and Ethereum (before deducting fees and expenses). The issuance of Asian spot Bitcoin and Ethereum ETFs provides retail and institutional investors with a safe, efficient and convenient tool for allocating digital assets.
On April 24, according to CoinDesk, Binance founder and former CEO CZ apologized for his "wrong decision" in a letter submitted to the judge in charge of the case on Tuesday, and admitted that he took "full responsibility" for his actions.
CZ said there was "no reason not to establish the necessary compliance controls at Binance, and pledged that this would be his only encounter with the criminal justice system." Looking ahead, he hopes to support biotech startups and young people. In addition to CZ's letter, there were 161 letters of appeal from family, friends, and others.
Former U.S. Ambassador to China Max S. Baucus, Professor Jeremy R. Cooperstock, Professor at McGill University, Associate Professor Ronghui Gu, Professor at Columbia University, Morgan Stanley Managing Director Sean Yang, and members of the United Arab Emirates family also sent letters of support.
On April 24, the official website of the Hong Kong Securities Regulatory Commission listed the Bitcoin and Ethereum spot ETFs of three fund companies, namely China Asset Management, Bosera and Harvest Asset Management. The approval date is April 23, 2024. The relevant funds are not derivative product funds, including:
1. China Asset Management Bitcoin ETF (BUU163), stock codes 03042, 09042, 83042;
2. China Asset Management Ethereum ETF (BUU164), stock codes 03046, 09046, 83046;
3. Bosera HashKey Bitcoin ETF (BUU104)#, stock code 03008, 09008; 4. Bosera HashKey Ethereum ETF (BUU105), stock code 03009, 09009; 5. Harvest Bitcoin Spot ETF (BUT244), stock code 03439, 09439; 6. Harvest Ethereum Spot ETF (BUU885), stock code 03179, 09179.
EU Anti-Money Laundering Bill Passes Final Vote, Implementation to Begin in Three Years
On April 25, the European Parliament voted on a series of laws on Wednesday, partly aimed at strengthening "due diligence measures and checks on customer identity," including so-called crypto asset managers. They must also report suspicious activities to the authorities. The new law will affect crypto asset service providers (CASPs), such as centralized crypto trading platforms, as well as a variety of other institutions including gambling services.
Circle's EU strategy and policy director Patrick Hansen said the vote was in line with expectations. "The bill package will be formally adopted by the EU Council and will come into effect three years later." (The Block)
Cryptocurrency mixing service Samourai Wallet co-founder arrested and charged with money laundering
On April 25, The Block reported that the co-founders of the cryptocurrencies mixing service Samourai Wallet were arrested. Prosecutors said they were suspected of laundering $100 million from Silk Road and other illegal markets. On Wednesday, Samourai CEO Keonne Rodriguez and CTO William Lonergan Hill were charged with operating the Samourai wallet.
Prosecutors said Samourai was an unlicensed money transfer company that was involved in "more than $2 billion in illegal transactions and facilitated more than $100 million in money laundering for illegal dark web markets including Silk Road." Rodriguez was arrested on Wednesday morning and will appear before a judge in Pennsylvania.
Hill was arrested in Portugal and the United States is seeking extradition. Prosecutors said Samourai's web servers and domains were also seized and the app can no longer be downloaded from the Google Play store in the United States. Rodriguez and Hill were charged with money laundering and unlicensed money transmission business, with maximum sentences of 20 and 5 years, respectively.
Welcome to join the BlockBeats official community
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