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Rhythm Morning News｜Bitcoin briefly exceeded US$71,000 early this morning; Base Network TVL exceeded US$2.3 billion, a record high
Summarized by AI
Selected news:
1. Bitcoin briefly exceeded US$71,000 early this morning, with a 24-hour increase of 4.39%;
2. Fantom The foundation CEO announced the launch of Sonic and the investment will be disclosed in the next few weeks;
3. CoinShares: There was a net outflow of US$942 million in digital asset investment products last week;
4. Base Online TVL exceeded US$2.3 billion, reaching a record high;
5. Fed Bostic reiterated that only one interest rate cut is expected this year
Price Watch
BEFI briefly touched US$0.45 and is now quoted at US$0.43
On March 25, according to Bitget market data, BEFI briefly touched US$0.45 and then fell back, now quoted at US$0.43. BEFI opened at a high of $0.339.
TON Breakthrough 5.6 US dollars, a record high
On March 25, according to OKX market data, TON exceeded 5.6 US dollars and is now quoted at 5.602 US dollars, with a 24-hour increase of 14.47%, a record high.
On March 25, according to market data, BakerySwap pre-sold the newly issued Meme coin Big Pump (PUMP) on the chain The market has opened and the current price is $0.000015.
Bitcoin It briefly exceeded US$71,000 early this morning, with a 24-hour increase of 4.39%
On March 26, according to OKX market data, Bitcoin briefly exceeded US$71,000 in the early morning of this morning and has now fallen back to US$70,343, a 24-hour increase of 4.39%.
Ethereum Breaking through $3,600, a 24-hour increase of 4.17%
On March 26, according to OKX market data, Ethereum broke through $3,600 and is now quoted at $3,604, with a 24-hour increase of 4.17%.
YGG short It broke through US$1.3 at the time, with a 24-hour increase of 37.6%
On March 26, according to OKX market data, YGG broke through $1.3 for a short time, and is now quoted at US$1.288, with a 24-hour increase of 37.6%.
Transaction Tracking
A whale spent 6,000 BNB to buy PUMP at the opening, and has made a profit of US$1.99 million
On March 25, according to @ai_9684xtpa monitored that a whale spent 6,000 BNB to buy 375.3 billion PUMP (approximately US$3.47 million) after PUMP opened trading, and has now made a profit of US$1.99 million.
The average buying price of this whale PUMP is $0.000009287, and it has not been transferred or sold yet.
DWF Labs Transferred 7 million TOKEN to Gate 1 hour ago, approximately US$1.19 million
On March 25, according to monitoring by @ai_9684xtpa, 1 hour ago, DWF Labs transferred 7 million TOKEN to Gate, which is approximately US$1.19 million.
DWF Labs still holds 33 million TOKEN, approximately US$5.65 million.
On March 25, according to Lookonchain monitoring, the first token sniper to purchase PUMP on the chain took less than 10 minutes. Earn 702 BNB (approximately $407,000) in minutes, with a return rate of 234%.
It spent 300 BNB (about 174,000 US dollars) to buy PUMP and immediately sold it for 1,002 BNB (about 581,000 US dollars) within 10 minutes. .
FTX will Sold 2/3 of Anthropic shares for US$884 million
On March 25, according to the Wall Street Journal, FTX sold its three-thirds stake in Anthropic for US$884 million. Second stake, FTX has struck deals totaling $884 million with multiple buyers, including an Abu Dhabi investor, to sell a majority stake in Anthropic, an artificial intelligence startup that Backers include Amazon and Google.
bazingahappy. sol won the inscription 149970 auction with 18,888,888 BOME
On March 26, BOME founder Darkfarms posted on social media to confirm that bazingahappy.sol won the auction with 18,888,888 BOME (worth approximately US$270,000) Auction of Inscription 149970. It is reported that some of the BOME bids in this auction will be destroyed.
Project News
Venom testnet rewards will be open for applications on March 28
On March 25, according to the official website, Venom testnet rewards Applications will be opened at 16:00 on March 28, Beijing time.
In addition, Venom issued an official announcement on Discord stating that the 3 million wallets created on the test network completed nearly 1 billion transactions. With the launch of the VENOM token, it will transition to the next phase and note the contributions of those users who complete the majority of tasks on the Venom network. Venom community members will receive additional rewards, members with Venom family roles will also receive some additional rewards, and further details about its on-chain incentive program will be announced.
Orderly Network Launching a points program, protocol tokens will be released this summer
On March 25, according to The Block, DeFi infrastructure provider Orderly Network has launched a points program, and its tokens will be released this year Released in the summer.
Orderly Network said on Monday that the points program, known as "Merits," will begin next week. Co-founder and CEO Ran Yi said users can earn Merits points through the program, which will be converted into tokens when the Orderly Network token is released. He declined to disclose the ratio because the program was designed to have "some flexibility" such as its end date.
Hyperbridge becomes The winner of the latest Polkadot parachain auction
On March 25, according to official news, Hyperbridge became the winner of the latest Polkadot parachain auction.
It is reported that Hyperbridge is a cross-chain solution designed as an interoperability co-processor that enables scalable, secure and state-based connections on all blockchains.
CyberConnect Launched US$2 million ecosystem funding program
On March 25, according to official news, the decentralized social network protocol CyberConnect announced the launch of a US$2 million ecosystem funding program aimed at enhancing community-led Innovate and accelerate on-chain social and Web3 adoption.
On March 25, according to an official announcement, Fantom Foundation CEO Michael Kong announced the release of Sonic and its follow-up content , Sonic will be used to create a new shared (decentralized) sequencer for L1 and L2 chains, capable of completing 180 million daily transactions with sub-second finality, and serve as the basis for relaunching Fantom as a completely new of community-focused foundational brands.
In addition, the Fantom Foundation said it will share more details in the coming weeks, including about new partners, venture capital/angel investments, target industries and use cases and information about audience engagement programs.
Metaplex launched Solana's new NFT standard Core has been launched on Devnet
On March 26, Solana ecological NFT platform Metaplex announced that its latest NFT standard Core is now online on Devnet. Building on the Metaplex team's experience creating the first Solana NFT standard in 2021, Core works to remove complexity and provide a simplified specification for digital assets, significantly reducing costs and simplifying the developer experience.
Metaplex: 50% Agreement The fee will be used to purchase MPLX and sent to Metaplex DAO
On March 26, Solana ecological NFT platform Metaplex announced on social media that 50% of all protocol fees will be used to purchase MPLX and Send to Metaplex DAO, including all historical and future charges.
TrueFi Launched Trinity Protocol, aimed at improving the capital efficiency of RWA on the chain
On March 26, according to Cointelgraph, the decentralized credit protocol TrueFi launched the Trinity Protocol, aiming to improve the real-world assets on the chain (RWA) capital efficiency. The new protocol will use USD-based TRI tokens, backed by collateralized assets to make it easier for users to gain leverage and hedge risk.
CEX Information
Bitget launches a 30-day BTC halving series of events, with a total prize pool of 500,000 USDT
March 25 , Bitget launched a series of BTC halving events, with a total prize pool of 500,000 USDT. This series of activities is divided into Candybomb- BTC special session, contract challenge, learning to earn coins, currency pledge lending, BTC high-interest financial management, Bitget community carnival, social media interaction, halving knowledge challenge, etc. The event time is from 19:00 on March 25, 2024 to 19:00 on April 25, 2024 (UTC+8).
On March 25, according to CNBC, a Binance spokesperson said, “We have been informed that Binance executive Nadeem Anjarwalla is no longer detained in Nigeria. Our main focus remains the safety of our employees and we are working with Nigeria to Officials are working closely to resolve this issue quickly."
CommEx announced the suspension of operations and suspension of deposits
On March 25, according to Cointelegraph, CommEx, the buyer of Binance’s Russian business, officially announced the suspension of operations and suspension of deposits.
CommEx posted an announcement on its official Telegram group on March 25, stating that deposits would be stopped immediately and new registrations would be closed. "We have to announce the gradual suspension of operations on the CommEX platform," the company said, advising users to immediately withdraw their assets to third-party wallets.
On March 25, according to an official announcement, the London Stock Exchange will launch trading on April 8, 2024. The London Stock Exchange will accept listing applications for Bitcoin and Ethereum crypto exchange-traded funds (ETNs) from 2024 to 2024, subject to approval of the underlying prospectus by the UK Financial Conduct Authority (FCA). May 28th.
On March 26, Bakkt Holdings, Inc. (New York Stock Exchange (Stock Code: BKKT) released its financial and operating results for the fourth quarter and full year ended December 31, 2023. In the fourth quarter of 2023, Bakkt’s total revenue reached $214.5 million, compared to only $15.9 million in the same period of 2022. Total full-year revenue surged to $780.1 million from $56.2 million in 2022. The company expects total revenue in 2024 to be between $3.292 billion and $5.114 billion.
4E trading platform announced in Argentina Global sponsor of the national football team
On March 26, according to official news, the financial asset trading platform 4E announced that it had signed a contract with the Argentina national football team and officially became its global sponsor. The partnership is another major one for the sports and crypto worlds, with both parties committing to continued efforts to support the growth of both industries.
Opinion data
CoinShares: Digital asset investment products had a net outflow of US$942 million last week
On March 25, according to a CoinShares report, Digital asset investment products experienced record net outflows last week, totaling $942 million, the first net outflow after seven weeks of record net inflows.
New U.S. ETF issuers attracted $1.1 billion in inflows, partially offsetting existing Grayscale's huge $2 billion in outflows last week. The rest of the altcoin space performed well, with net inflows reaching $16 million.
Past 24 The entire network was liquidated to US$191 million in one hour, mainly short orders
On March 25, according to Coinglass data, the entire network was liquidated to US$191 million in the past 24 hours, of which long orders were liquidated. 65.69 million U.S. dollars, and the short position was liquidated to 125 million U.S. dollars.
Whole network The open position of Bitcoin contracts exceeds 36.8 billion US dollars
On March 25, according to Coinglass data, the open positions of Bitcoin futures contracts across the entire network were 529,500 BTC (approximately US$36.845 billion).
Among them, the CME Bitcoin contract’s open position is 162,400 BTC (approximately US$11.279 billion), ranking first;
Binance’s open interest in Bitcoin contracts is 113,400 BTC (approximately $7.899 billion), ranking second.
Bele Germany: Bitcoin will be a good portfolio diversification tool
On March 25, according to CNBC, BlackRock said that although Bitcoin has recently risen together with stocks, it Will still be a good portfolio diversifier.
Base network TVL exceeded US$2.3 billion, a record high
On March 26, according to L2BEAT data, Base Network TVL exceeded US$2.3 billion and is now at US$2.38 billion, a 7-day increase of 60.65% , a record high.
On March 26, according to a report released by Coinbase last Friday, the cryptocurrency market has recently paid more attention to the capital flow of spot Bitcoin ETFs. , rather than its fundamentals. The report pointed out that after two months of net inflows, the spot Bitcoin ETF recorded net outflows for the first time, with net outflows reaching $836 million from March 18 to March 21. During this period, the price of Bitcoin briefly fell below $63,000. In particular, Grayscale Bitcoin Trust (GBTC) saw total outflows of $1.83 billion over four days, with the exact reasons for this still unclear.
On March 26, according to data from farside investors, Fidelity’s FBTC had a net inflow of US$261.8 million yesterday, and Grayscale’s GBTC had a net outflow of US$350 million yesterday. Currently, only the ETF data of BlackRock IBIT and Invesco Galaxy's BTCO (smaller scale) and Valkyrie's BRRR (smaller scale) have not been released. BlackRock IBIT only needs a net inflow of more than $49.8 million to reverse the recent overall net outflow. situation.
Financing Express
GraphLinq completed a strategic round of financing, with DWF Labs participating
On March 25, according to official news, for artificial intelligence GraphLinq, a blockchain ecosystem built on driven on-chain automation and dApps, announced the completion of a strategic round of financing, with DWF Labs participating in the investment. The specific amount has not yet been disclosed.
DWF Labs will serve as GraphLinq’s main liquidity provider on various CEX and DEX and provide support for OTC trading. The new funds will be used to enhance GLQ Liquidity of the token, optimizing its seamless supply in global markets.
On March 26, according to official news, Nubit, the first Bitcoin native DA layer project, completed a US$3 million Pre -Seed round of financing, with participation from dao5, OKX Ventures, Primitive Ventures and others. This round of financing is a key step for Nubit to build the first Bitcoin-native data availability layer and is designed to promote the construction of the Bitcoin ecosystem.
Nilam Resources Plans to acquire 24,800 Bitcoins through the special entity MindWave
On March 26, Nilam Resources, Inc. (OTC PINK: NILA), located in Snohomish, Washington, USA, announced that it had signed a letter of intent with Xyberdata Ltd and planned to acquire 24,800 bits through the newly established special purpose entity MindWave. currency.
Regulatory News
Philippine SEC plans to continue blocking Binance in the country
On March 25, according to Techinasia reports, the Philippine Securities and Exchange Commission (SEC) plans to continue blocking crypto trading platform Binance in the country.
Regulators said they have received approval to file an application with the National Telecommunications Commission (NTC) of the Philippines to remove local content from Binance’s main website and other related platforms. access permission.
EU Finance Market regulator releases first final report under MiCA regulations
On March 25, according to CoinDesk, the European Union’s financial market regulator released a series of reports on the group’s landmark “ The first final report on the rules under the Digital Asset Markets Act (MiCA), accompanied by the third consultation document package.
Fed Blog Bostic reiterated that only one interest rate cut is expected this year
On March 25, Fed Bostic reiterated that only one interest rate cut is expected this year.
Fox Reporter : The judge may make a ruling in the Custodia Bank vs. Federal Reserve case this week
On March 25, Fox reporter Eleanor Terrett posted on social media that “this week the judge may rule on the case of digital asset bank Custodia Bank against the Federal Reserve, because it will start two games on April 1. trial. The outcome of this case could be landmark for both the crypto industry and state banks."
Fed Bostic: Cutting interest rates too early could be more damaging
On March 25, the Federal Reserve Bostic said the Fed must strike a balance between its dual missions. Cutting interest rates too early could be more damaging. We need to see progress in lowering inflation. Three interest rate cuts in 2024 are in line with my thinking.
On March 26, according to legal documents, a company based in Waco, Texas Beba LLC, a small clothing company that sells handmade bags and accessories made by artisans through its online store and has incorporated digital assets into its business, has sued the U.S. Securities and Exchange Commission (SEC).
At the heart of the lawsuit is a new digital asset, also known as a token, the "BEBA Token" created by Beba, according to the lawsuit. BEBA tokens can be exchanged for exclusive products in Beba’s online store, which will be available only to token holders. Beba airdrops its BEBA tokens for free. After the airdrop, the recipient can decide what to do with the BEBA tokens themselves. They can exchange a certain number of BEBA tokens at a discounted price into exclusive travel bags offered by Beba just for token holders. Alternatively, they can hold or trade BEBA tokens. Beba has already airdropped BEBA tokens to users and has clear plans to continue to airdrop more BEBA tokens in a similar manner and purpose in the future.
US SEC Seeking $2 billion in fines and penalties in XRP case
On March 26, Ripple CEO Brad Garlinghouse confirmed on social media that the U.S. Securities and Exchange Commission (SEC) will seek $2 billion in fines and penalties in its legal proceedings against the crypto token XRP. The regulator is scheduled to issue a public brief on Tuesday, and Ripple's chief legal officer Stuart Alderoty said the company will submit a response next month.
Garlinghouse emphasized: "The SEC plans to ask a judge to impose a $2 billion fine in a case that has no allegation (let alone a finding) of fraud or reckless conduct. . There is no precedent for this. We will continue to expose the true face of the SEC in our response."
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