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Rhythm Morning News | Ethena will airdrop 750 million ENA and launch CEX on April 2; US judge allows SEC to continue to accuse Coinbase of failing to register as a securities business
Summarized by AI
Selected news:
1. Fidelity files S-1 form for its spot Ethereum ETF;
2. Arbitrum and Azuki jointly launch AnimeChain;
3. Bitcoin second-layer network BOB completed a $10 million seed round of financing, led by Castle Island Ventures;
4. Ethena will airdrop 750 million ENA on April 2 and list it on CEX;
5. Huang Licheng launched the Meme project Bobaoppa on Solana, and the current fundraising amount has exceeded 120,000 SOLs
Price Observation
On March 28, according to Blur market data, affected by the Ethena airdrop news, the floor price of SchizoPosters series NFT rose by 93.83% in 24 hours. %, the floor price is now quoted at 0.339 ETH. The 24-hour trading volume reached 71.25 ETH. However, the Redacted Remilio Babies series of NFTs that are also eligible for airdrops have only increased by 6.25% in 24 hours, and the floor price is now quoted at 1.05 ETH. BlockBeats previously reported that Ethena announced that it would launch an ENA airdrop and launch it on CEX on April 2. The total airdrop amount will be 750 million (accounting for 5% of the total supply). The total amount of this airdrop will be 3% (0.15% of the total supply). Coins will be distributed to SchizoPosters and Redacted Remilio Babies series NFT holders.
AEVO short It broke through $3.9 at the time, with a 24-hour increase of 46.7%
On March 28, according to OKX market data, AEVO broke through $3.9 for a short time, and is now quoted at $3.63, with a 24-hour increase of 46.7%.
ETHFI briefly exceeded $8.6 Continued to reach a record high, with a 24-hour increase of 46.4%
On March 28, according to OKX market data, ETHFI briefly exceeded $8.6 and continued to reach a record high, and is now quoted at $7.91, 24 hours An increase of 46.4%.
Transaction Tracking
On March 27, According to Lookonchain monitoring, due to the impact of the listing of Upbit, the price of MNT increased by about 60%. After the listing announcement, Dragonfly Capital and Fenbushi Capital deposited a total of more than 13 million tokens to Bybit, including: 1. Dragonfly Capital deposited 1050 to Bybit. 10,000 MNT (valued at approximately US$13.86 million); 2. Fenbushi Capital deposited 2.89 million MNT (valued at approximately US$3.78 million) that it has held for 8 months into Bybit 2 hours ago. If all are sold, profits will be made $2.4 million.
Grayscale Transferred 734.628 BTC to Coinbase Prime
On March 27, according to Arkham data, the grayscale address transferred 734.628 BTC to the Coinbase Prime address 37 minutes ago and transferred 594.408 BTC Transfer to new address.
Project News
Huang Licheng's Meme project Bobaoppa on Solana raised 188,000 SOL
On March 28, "Big Brother" Huang Licheng announced the launch of the Meme project Bobaoppa on Solana and started fundraising, with a minimum fundraising amount of 1 SOL. According to the information on the fundraising address disclosed by him, the current fundraising amount has reached 188,945.56 SOL, worth approximately US$35,136,317. BlockBeats reminds users that Meme coins have large fluctuations, so please invest carefully and pay attention to asset security.
Ethena will airdrop 750 million ENA and go online on CEX on April 2
On March 28, according to official news, Ethena announced that it will launch the ENA airdrop and go online on CEX on April 2. Any user who cancels the pledge, unlocks or sells all USDe before this date will not be eligible for the airdrop (in simple terms, do not operate except for Pendle YT holders). The total amount of this airdrop is 750 million (5% of the total), which can be claimed within 30 days at most. After that, any ENA that has not been claimed will be reallocated to the second season activity users.
There are more than 90,000 user addresses that meet the qualifications for this airdrop. The top 2,000 users and Pendle's YT token holders will initially unlock only 50%, and the remaining 50% will be unlocked linearly within 6 months. In addition, 3% of the total airdrop (0.15% of the total supply) of tokens will be allocated to SchizoPosters and Redacted Remilio Babies series NFT holders. The total number of Ethena (ENA) tokens is 15 billion, with an initial circulation of 1.425 billion. The core contributors and investors will be allocated 30% (locked for 1 year), the ecological and economic development allocation will be 25%, and the Ethena Foundation will be allocated 15%. ENA will be used to vote on governance proposals related to the Ethena protocol.
The Ethena Shard event will end on April 1st. The event lasted only 6 weeks in total, making it one of the shortest Pre-Token events in the crypto space to date. The current supply of USDe The supply has increased to over 1.3 billion US dollars, making it the fastest USD stablecoin to exceed 1 billion US dollars in supply. It is also the protocol with the highest revenue in the industry (7-day revenue reached 8 million US dollars, higher than MakerDAO's 4.8 million). Ethena Sats (Season 2 event) will begin immediately after the conclusion of Season 1, supporting BTC as the underlying asset. The Sats campaign will continue for another 5 months or end when the USDe supply reaches $5 billion.
On March 28, Ondo Finance announced a major innovation in its OUSG products, introducing instant investment and redemption services , all year round, 24 hours a day. In addition, Ondo also launched a new form of OUSG, rOUSG, which offers a constant minting/redemption price of $1.00 per share and distributes earnings daily through a token re-basing method. Investors can also easily and instantly switch between OUSG and rOUSG through the Ondo website’s conversion tool. The move allows Ondo to further respond to customer feedback: simplifying its products.
Ondo’s global cash equivalents products will now be simplified to two main products: OUSG and USDY. OUSG is positioned as a cash management and settlement tool for global institutions and high-net-worth individuals, structured as an investment fund; while USDY is a revenue-generating stablecoin alternative for non-U.S. individual and institutional investors for savings, payments, and blockchain. on financial applications, structured as secured debt products. As part of this evolution,
Ondo is also reallocating the majority of OUSG's assets to the recently announced BlackRock USD Institutional Digital Liquidity Fund (BUIDL) middle. BlackRock launched its first tokenized fund on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) last Wednesday, BlockBeats previously reported. BUIDL will subscribe to the Fund through Securitize Markets, LLC, providing accredited investors the opportunity to earn U.S. dollar income.
Arbitrum and Azuki jointly launch AnimeChain
On March 27, the Arbitrum Foundation, Azuki and the Weeb3 Foundation announced that they are working together to launch a blockchain-driven anime network. The new project, called AnimeChain, aims to bring anime fans to web3, providing content, games, merchandise and NFTs.
Opinion data
GSR lowers the expected probability of Ethereum spot ETF approval in May to 20%
On March 28, according to The Block, market maker GSR analyst Brian Rudick said in a report on Wednesday that he believed the SEC had a 20% chance of approving a spot Ethereum ETF in May this year, a significant reduction from GSR's 75% prediction in January. Analysts said that the U.S. Securities and Exchange Commission has been under some political pressure to not approve more digital asset ETFs. The U.S. Securities and Exchange Commission's investigation into whether Ethereum is a security may greatly reduce the possibility of approval. Regulators may seek to avoid turning the potential approval of the Ethereum spot ETF into "another big event." Regarding future expectations, analysts believe that any approval process for the spot Ethereum ETF may take longer and may be affected by some litigation events. They now believe that the spot Ethereum ETF is most likely to be approved between 2025 and 2026.
On March 28, BlackRock co-founder, chairman and CEO Larry Fink said in an interview with Fox Business that he was "pleasantly surprised" by the response to the BlackRock spot Bitcoin ETF in the retail market, and said that he was personally "very optimistic about the long-term viability of Bitcoin." When talking about Bitcoin, Larry Fink said: "The rise of Bitcoin surprised me. We are now creating a more liquid and transparent market..." When the host Gasparino jokingly asked, "What did you want to do but didn't expect the effect to be so good?", Larry Fink affirmed it.
On March 28, according to data from Farside Investors, ARK Invest’s ARKB saw a net inflow of US$201.8 million yesterday, setting a record for the ETF The highest single-day net inflow record in history. According to the data currently released, Grayscale GBTC had a net outflow of US$299 million yesterday, and the overall net inflow of six Bitcoin spot ETFs including BlackRock's IBIT and Fidelity FBTC was greater than US$94 million, which can confirm yesterday's overall single-day ETF Net inflow situation.
Financing Express
March 28, Science Fiction The themed NFT card game Parallel completed US$35 million in financing. This round of financing was participated by Solana Ventures, Distributed Global, OSS Capital, VanEck, Focus Labs, Big Brain Holdings, Base, Collab+Currency, Amber Group, Spartan Group and Builder Capital. cast.
On March 28, according to Decrypt, BloodLoop game developer and Swiss game studio 7 Digital Labs announced the completion of a US$4 million seed round of financing. This round of financing was funded by the Avalanche Foundation, Merit Circle and Citizen Capital Waiting for participation. Funds from this round of financing will be used to complete the development and release of the game.
It is reported that BloodLoop is a shooting game based on the Avalanche subnet. Players can collect NFTs in each game, compete with each other to occupy the leaderboard and earn BLS rewards.
DeFi Protocol Unstable completes US$2.5 million in seed round financing
On March 28, Unstable Protocol announced the completion of US$2.5 million in seed round financing from Lattice, Laser Digital (Nomura Group), Blockchain Founders Fund, and Assouline Ventures , Agnostic Fund, Artichoke Capital, Black Edge Capital, NewTribe Capital and NxGen participated in the investment.
This project is dedicated to building a leverage layer for (re)staking Ethereum.
On March 28, the Web3 game company Elixir Games announced the completion of a US$14 million seed round of financing, with game giant Square Enix , Shima Capital and Solana Foundation participated in the investment. This round of funding will bring Elixir Games’ total funding to $20 million.
Elixir Games will use the funds to develop its gaming ecosystem and officially launch it in the second quarter of 2024, and will also launch the ELIX token to support the company game products, etc.
On March 28, BOB (abbreviation for "Build on Bitcoin"), which aims to launch the first Bitcoin second-layer network compatible with the Ethereum Virtual Machine (EVM) standard, has completed a US$10 million seed round of financing. The financing was led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management. Angel investors include Dan Held and Domo, the creator of the BRC-20 token standard.
As a hybrid second-layer network, BOB not only sits on top of the Bitcoin blockchain, but is also compatible with Ethereum.
On March 27, Hive, a cloud infrastructure provider headquartered in Geneva, Switzerland, announced the completion of $13 million in Series A financing. USD Series A financing, this round of financing was led by SC Ventures (the venture capital arm of Standard Chartered Bank), with participation from OneRagtime and others. Hive aims to reshape the centralized model of cloud computing, providing a decentralized model by aggregating the unused hard drives and computing power of personal devices.
Hive founder David Gurlé said this could be a significant investment and if it succeeds, investors will want to be a part of it. With this recapitalization, the transition to decentralization will not only help enterprises plan cloud-related expenses more effectively, but also drive server autonomy, reduce dependence on a few cloud providers, and reduce energy use. Gurlé believes that a distributed and decentralized cloud model is "the most efficient network infrastructure."
MyShell completed US$11 million in Pre-A round of financing, led by Dragonfly
On March 27, the decentralized AI content platform MyShell completed US$11 million in its latest Pre-A round of financing. financing. The financing was led by Dragonfly, with participation from well-known investment institutions such as Delphi Digital, Bankless Ventures, Maven11 Capital, Nascent, Nomad, Foresight Ventures, Animoca Ventures, OKX Ventures and GSR. In addition, this round of financing also received support from famous angel investors such as Balaji Srinivasan, Illia Polosukhin, Casey K. Caruso, and Santiago Santos.
Haseeb Qureshi, managing partner of Dragonfly, is very optimistic about the development of MyShell. He emphasized: We are pleased to support MyShell in continuing to explore new areas. MyShell is committed to open source development and empowering creators, which is exactly what is needed to promote innovation and inclusivity in the industry.
MyShell Co-founder Ethan Sun said: MyShell will completely change the ecosystem of AI creators. We will use the new funds to expand the scale of our operations and further support the development of the decentralized open source AI community.
Regulatory News
Fidelity files Form S-1 for its spot Ethereum ETF
On March 27, Fidelity filed for the proposed The spot Ethereum ETF filed an S-1 form, which included staking.
On March 27, according to Reuters, a U.S. judge allowed the SEC to continue accusing Coinbase of failing to register as a securities business. Additionally, the judge dismissed the SEC’s accusation that Coinbase was acting as an unregistered broker through its wallet application.
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