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Rhythm Evening News｜Binance launches Ethena (ENA) mining; a trader’s profit from buying DEGEN has reached 272 times
Featured News:
1. Bitcoin fell below $70,000, down 0.71% in 24 hours;
2. A trader bought about $18,000 of DEGEN in January, and the current profit is 272 times;
3. Binance launched the 50th project of new coin mining, using BNB and FDUSD to mine Ethena (ENA);
4. Vitalik: Worldcoin has been taking criticism about privacy seriously, and its system requires less and less data;
5. The open positions of Bitcoin contracts on the entire network exceeded US$38.8 billion, a record high;
Price Observation
LQTY broke through $1.5, up more than 14% in 24 hours
According to OKX market data, LQTY (Liquity) broke through $1.5 and is now quoted at $1.58, up more than 14% in 24 hours.
Aevo Ethena Labs (ENA) futures contract is now quoted at $0.722
According to data from the options trading platform Aevo, the Ethena Labs (ENA) futures contract is now quoted at $0.722, a 24-hour increase of 29.06%, and a 24-hour trading volume of $399,000.
According to OKX market information, BNB exceeded $600 and is now quoted at $605, a 24-hour increase of more than 3%.
According to Bitget data, the leading sectors are Optimism, Solana and Inscription sectors, of which SONE has a 24-hour increase of 58.37%, SOLS The 24-hour increase was 19.97%, and the SOLS 24-hour increase was 19.97%.
As of press time, the top three currencies on the real-time increase list are CATCH, DCB, and DEGEN. The top three currencies in terms of transaction volume are BTC, ETH, and DOGE.
Transaction Tracking
A trader bought about $18,000 of DEGEN in January, and the current profit is 272 times
According to Lookonchain monitoring, a certain The trader spent 7.35 Ethereum (approximately $18,000) to purchase 260 million DEGEN on January 15 and January 21, earning approximately $5 million, a 272-fold gain.
The trader has sold 102.5 million DEGEN (approximately $1.26 million) and still holds 157.5 million DEGEN (approximately $3.75 million).
Some whale Withdrawal of 39.39 million GMT from Binance again, for approximately US$14.7 million
According to monitoring by @ai_9684xtpa, 5 minutes ago, a whale once again withdrawn 39.39 million GMT from Binance, for approximately US$14.7 million.
So far, this address has accumulated 215 million GMT (accounting for 11.63% of the total circulation), approximately US$80.12 million.
According to monitoring by @ai_9684xtpa, the Mask multi-signature address transferred 600,000 MASKs to the DWF Labs-associated address two days ago. coins, approximately US$3.07 million.
Some whale 4,753 MKR were sold in the past 3 hours, for approximately US$17.3 million
According to Lookonchain monitoring, a whale exchanged 4,753 MKR for 17.3 million DAI in the past 3 hours.
According to The Data Nerd monitoring, 20 hours ago, Bitpanda deposited 6.5 million FETs into Binance (approximately 2184 million), with a floating profit of US$18.21 million.
Paidun : The Prisma Finance attacker transferred 800 ETH to Tornado Cash
According to Paidun monitoring, the Prisma Finance attacker's address transferred 800 ETH to Tornado Cash.
According to Scopescan monitoring, a few hours after Fetch.ai, SingularityNET and Ocean Protocol announced the merger of tokens to form a decentralized AI alliance on March 27, the SingularityNET Treasury transferred 2 million AGIX to Gate, about US$2.52 million.
According to The Data Nerd monitoring, 5 hours ago, ETHFI's seed/private investors just deposited 400,000 (about 2.77 million US dollars) tokens to OKX.
In the past 24 hours, a total of 800,000 ETHFI (about 5.73 million US dollars) was deposited to OKX. Currently, there are 3.38 million ETHFI (about 24.39 million US dollars).
PaiDun: Prisma Finance attacker has transferred about 200 ETH to Tornado Cash
According to Paidun's monitoring, one of the addresses marked by the Prisma Finance attacker, 0x57f, has transferred about 200 ETH to Tornado Cash, and transferred 6 ETH to 2 addresses 0x8c03 and 0xce63.
Address 0x8c03 received 0.05 ETH from the Affine DeFi hacker address about 11 days ago
According to on-chain analyst Ember’s monitoring, the surge in WIF price has also caused WIF’s largest individual/institutional currency holding address wifto100billy.sol to have a floating profit of 1.34 US$100 million (+1440%):
The purchase of WIF started on December 13, 2023 through the 5qYu address, and a total of US$9.33 million has been spent to buy 37.62 million US dollars. WIF (3.76% of total WIF), with an average purchase price of $0.248.
Then transfer all the purchased WIF to the wifto100billy.sol address for storage. The selling limit has not yet been started.
According to monitoring by @ai_9684xtpa, the large investor who opened an ETH position on December 13, 2022 recharged to Binance 6 hours ago 2034 ETH, worth $7.24 million.
It costs only $1,273, and if sold in full would make a profit of $4.697 million, a return of 184%.
According to Lookonchain monitoring, a trader only used 6.6 SOL (1,247 US dollars) and made more than 2.1 million US dollars. , the income reached 1,730 times.
The trader spent 6.6 SOL to buy 33.6 million SC 5 hours after the opening.
When the profit exceeded 1000 times, he only sold 4.6 million SC and obtained 768 SOL ($145,000).
Currently holding 29 million SC, now worth $2 million.
According to monitoring by @ai_9684xtpa, in the past 17 hours, two new addresses have deposited a total of 263,427 LINKs into Coinbase, worth a total of 263,427 LINKs. 5.1 million US dollars, if all sold, the profit would be 397,000 US dollars.
Both these two addresses accumulated a large amount of LINK on March 19, 2024. The quantity and time are extremely similar. They are suspected to belong to the same person/organization, and the average cost is 17.43 Dollar.
Project News
According to market news, Solana chain The trading robot BonkBot is suspected of having a large number of tokens stolen due to a vulnerability.
Bitcoin L2 project Bitlayer announced the launch of the Ready Player series of ecological incentive plan and officially launched the first phase Active Ready Player One. This plan is mainly aimed at ecological projects deployed to the Bitlayer main network. Teams that sign up and participate in the construction of the Bitlayer ecosystem will receive generous token rewards based on their ecological contribution. The total value of the first phase of event rewards exceeds 50 million US dollars.
The Bitlayer team is committed to providing all-round support to early builders, opening up core token rewards, liquidity support, first-line institutional investment and community building to event participants and project parties ecological resources. Registration for this Ready Player One will officially open on March 29, 2024, and will last until April 29. The first phase of the event is planned to be officially launched after the Bitlayer mainnet goes online, and specific participation rules and details will be announced at that time.
Committed to becoming the computing layer of Bitcoin, Bitlayer is a Bitcoin security equivalent Layer 2 based on the BitVM paradigm, providing Bitcoin security equivalent and graph The spirit is complete. On March 27, Bitlayer announced the successful completion of a $5 million seed round led by first-tier investment institutions Framework Ventures and ABCDE Capital.
CoinList Already Open Mystiko (XZK) community sale
According to official news, CoinList has opened the privacy infrastructure Mystiko (XZK) community sale at 1:00 on March 29, Beijing time, with each coin selling for $0.15. .
Slow Mist Completed code audit of Taproot Chain cross-chain bridge module smart contract
Bitcoin Layer 2 project Taprootchain announced that security company SlowMist has completed a code audit of Taproot Chain cross-chain bridge module smart contract . The audit report shows that after repairing a risk vulnerability and adopting 6 improvement suggestions, SlowMist gave an audit opinion of low risk.
Taprootchain mainnet was launched on March 28, and the first whitelist airdrop event has been successfully concluded. The cross-chain function will be opened soon, and whitelist users can claim their whitelist qualifications on the official website after it is opened.
Merlin Chain Ecological game Dragonverse Neo starts fair launch of tokens
Merlin Chain ecological project Dragonverse Neo has started the fair launch of the token MDBL, using the Liquid Bootstrapping Pool model to allow participants to buy and sell freely.
The initial FDV of this fair launch is US$5 million, with M-BTC as the payment token, and will last for 10 days.
Dragonverse Neo is a 3D open world game and game L3 chain created by the MOBOX team. MDBL will serve as the core token of the ecosystem, providing holders with rights and interests such as liquidity mining income, game gold, creator income, and creation and governance rights. The total amount of MDBL is 2.1 billion, 69% will be released in this fair launch, and 31% will be produced in the ecosystem.
Sui Ecology DEX DeepBook announced that it will launch the token DEEP
According to official news, Sui’s native central limit order book DEX DeepBook announced that it will launch the token DEEP with a maximum supply of 10 billion.
The token economics of the DeepBook protocol are: 59.98% for community treasury and future distribution; 31.02% for core contributors and early supporters; 10% initial Community allocation.
Uniswap DAO Initiate a vote on the proposal to "diversify US$5 billion in reserves"
According to DL News, Uniswap DAO is voting on a proposal to diversify its funds. The proposal states that Uniswap funds Its value rose to nearly $19 billion at its peak in 2021, but fell to $1.5 billion during the market bear market in 2022. To prevent further instability, the DAO is currently voting on a proposal to establish an advisory committee to help Uniswap diversify its funding. The DAO has $5 billion in reserves.
The proposal states that in addition to diversification, the committee’s goal is to study how to transform Uniswap’s treasury from a dormant reserve of UNI tokens to one that can earn money for the DAO. A pool of funds to draw on earnings and additional income.
Early voting data shows that the proposal has received great support, with 74% of participants supporting it, according to data from the off-chain voting platform Snapshot. The temperature check vote will end on March 31.
Pepe has taken back control of the @pepe Handle on Twitter
According to community sources, Pepe has taken back control of the @pepe Handle on Twitter.
The address starting with 0x2d4, which was marked as one of the Prisma Finance attackers, left a message to Prisma Finance on the chain 9 hours ago, saying, "This action is a white hat rescue. Who can I contact for a refund?"
3 hours later, Prisma Finance replied, "Please contact us at negotiations@prismafinance.com."
Merlin Chain's first BTC DeFi project Mineral protocol staking mining is online
According to official news, the first BTC DeFi project Mineral protocol staking mining on Bitcoin's second-layer network Merlin Chain is online, and its treasury token MNER first mining income is as high as 1801.59%.
It is reported that Mineral pioneered the introduction of RWAs income, which can continuously provide positive externalities for the protocol, the dual flywheel token model, and continuously increase the holdings of RWA to consolidate the value. Through high composability, it has opened up broad possibilities for BTCfi Restaking. Its treasury token MNER successfully completed the pre-sale with an oversubscription of 900%. As of March 28, 2024, MNER has increased by 180%.
CeFi Information
Bitget will list Goldfinch (GFI) at 19:00 today
Bitget will list Goldfinch (GFI) in the DeFi and RWA areas. The deposit channel is now open and the trading channel will be opened at 19:00 today. In addition, a recharge rebate is also launched to share GFI worth US$10,000. The event period is from 19:00 on March 29 to 19:00 on April 5 (UTC+8).
Goldfinch is a decentralized credit protocol.
According to the official announcement, Binance’s new coin mining has now launched the 50th phase of the project Ethena (ENA) , a synthetic dollar protocol.
Users can invest BNB and FDUSD into the ENA mining pool on the Launchpad website after 08:00 on March 30, 2024 (East Eight District time) Obtain ENA rewards, and ENA can be mined for a total of 3 days. The website is expected to be updated within approximately five hours of this announcement and before the mining activity opens.
Binance will list Ethena (ENA) at 16:00 on April 2, 2024 (Eastern Eighth District time), and open ENA/BTC, ENA/USDT , ENA/BNB, ENA/FDUSD and ENA/TRY trading markets, seed tag trading rules apply.
Binance will Support Rootstock (RIF) network upgrade and hard fork
According to the official announcement, Binance is expected to suspend the token deposit and withdrawal services of the Rootstock (RIF) network at 22:00 on April 3, 2024, Eastern Time 8, to support its network upgrade and hard fork.
The project will perform a network upgrade and hard fork at block height 6,223,700 (estimated at 23:00 on April 3, 2024, Eastern Time 8).
Bithumb will slow down its IPO process
Bithumb Korea, the operator of the Korean crypto trading platform Bithumb, held its annual shareholders' meeting on the morning of March 29, resolving to appoint Lee Jung-hoon as a director and change the company's name, but both proposals were withdrawn. A Bithumb representative said that Bithumb's top priority is to strengthen its competitiveness, and an IPO has never been a priority.
Backpack Exchange will launch W spot trading on April 3
Backpack Exchange will launch Wormhole (W) spot trading at 20:00 Beijing time on April 3.
Opinion data
Ethereum co-founder Vitalik Buterin wrote, "In principle, people participate in memecoin because (i) its value may rise, (ii) they feel that memecoin is democratic and open, and anyone can participate, and (iii) they are interesting. I respect people's desire to pursue fun, and I would rather see the crypto space dance with this trend in some way rather than fight against it. Therefore, I hope to see higher-quality interesting projects that have positive contributions to the ecosystem and the world around them (not just "attracting users"). At the very least, there should be more good memecoins than bad memecoins, and ideally, public goods should be supported rather than just benefiting insiders and creators. "
10x Research: April Typically It is a relatively strong month for Bitcoin
10x Research officially stated that April is usually a relatively strong month for Bitcoin, showing positive returns in 6 of the past 10 years, with an average return of +12%. Most of Bitcoin's returns tend to be generated in the fourth quarter.
Near Protocol Lianchuang: Chain abstraction is the key to mainstream adoption of cryptocurrency
According to The Block, Near Protocol co-founder Illia Polosukhin said, “Chain abstraction may trigger the next wave of crypto space and Web3 transition, which is necessary for mainstream adoption. The idea is that blockchain must be abstracted from users so that they do not become a barrier to entry or participation."
According to data from Coinglass, the open position of Bitcoin futures contracts across the entire network is 550,200 BTC (approximately US$38.842 billion), a record high.
Among them, the CME Bitcoin contract’s open position is 165,800 BTC (approximately 11.673 billion U.S. dollars), ranking first;
Binance’s open interest in Bitcoin contracts is 118,700 BTC (approximately $8.395 billion), ranking second.
Ordinals Development Author: Runestone is not an NFT collectible, but a Meme coin
Ordinals developer Leonidas posted on social media, "Everyone mistakenly regards Runestone as an NFT collectible, but within a month, everyone will regard Runestone as Memecoin. If the Memecoin randomly pre-sold can soar to 10 overnight With a market capitalization of US$100 million, imagine what Memecoin can do on the Bitcoin chain."
Greeks.Live analyst Adam posted on social media,
· 135,000 BTC options expired, the Put Call Ratio was 0.85, the biggest pain point $51,000, with a nominal value of $9.5 billion.
· 1.58 million ETH options expired, with a Put Call Ratio of 0.63, a maximum pain point of $2,600, and a nominal value of $5.6 billion.
Today is the quarterly delivery of over 15 billion US dollars. The encryption market has rebounded significantly this week, and the game of 70,000 US dollars is very fierce. Despite facing the largest quarterly delivery in history, The IV of all major periods remains high.
Bitcoin will be halved next month. The trend of BTC in this round of halving is different from the past. It seems that the market continues to use the past trend to apply it. , let us wait and see how far April’s IV can go relying solely on the expected support of the halving.
WIF market capitalization Surpassing PEPE and becoming the third largest meme coin by market value
According to Coingecko data, WIF’s market value ($3.69 billion) surpassed PEPE’s market value ($3.28 billion) and became the third largest meme coin by market value. .
WIF is currently quoted at $3.7, up more than 19% in 24 hours.
American Bits Cryptocurrency spot ETF had a net inflow of approximately US$182.8 million yesterday
According to data from Farside Investors, the U.S. Bitcoin spot ETF saw a net inflow of approximately US$182.8 million yesterday.
Among them, BlackRock IBIT had a net inflow of US$95.1 million, FBTC had a net inflow of US$68.1 million, and Grayscale GBTC had a net outflow of US$104.9 million.
Ethereum co-founder Vitalik Buterin commented on "Worldcoin project data collection" on social platforms A reply to the relevant tweet said, "In my opinion, Worldcoin has actually taken privacy criticism very seriously and designed the system to become less and less dependent on data. Modern cryptography is truly amazing."
Acheron Trading CEO : Bitcoin may reach $180,000 in this bull market
Laurent Benayoun, CEO of hedge fund Acheron Trading, said that in the current bull market cycle, the price of Bitcoin may rise again by $150 %, based on combined factors such as spot Bitcoin ETFs and the new supply reduction brought about by the upcoming halving, it is expected that the top of this cycle may reach a potential high of $180,000.
Regulatory News
Former FTX executives and promoters settled with class action group for approximately $1.36 million
According to Cointelegraph, Former FTX executives and promoters have reached a nearly $1.36 million settlement with a class action group composed of former investors in the trading platform.
According to the Miami Federal Court, FTX co-founder Zixiao "Gary" Wang, former engineering director Nishad Singh, and former Alameda Research CEO Caroline Ellison agreed to cooperate and provide information to the lawsuit to resolve the claims against them.
HKVAEX's application for a virtual asset trading platform license has been withdrawn
According to the official website of the Hong Kong Securities and Futures Commission, the application for a virtual asset trading platform license submitted by HKVAEX to the Hong Kong Securities and Futures Commission has been withdrawn.
Relevant information shows that the company name of the virtual asset trading platform operator submitted by HKVAEX is "BX SERVICES LIMITED", the application was submitted on January 4, 2024, and the application was withdrawn on March 28, 2024.
According to the information disclosed by the Hong Kong Securities and Futures Commission, the relevant license applications have been returned, rejected or withdrawn, including but not limited to the following reasons: the license application was returned by the Securities and Futures Commission due to incompleteness and/or important issues that have not been resolved; and the license application was rejected or withdrawn.
The detained Binance executives have filed a lawsuit against the relevant Nigerian authorities
According to CoinGape, Tigran Gambaryan, a previously detained Binance executive, has filed a lawsuit against the Nigerian National Security Advisor (NSA) and the Economic and Financial Crimes Commission (EFCC), accusing his personal rights of being violated, and seeking five major reliefs from the court.
His lawyers, citing human rights, argued that the seizure of his international passport violated the constitution and infringed upon his personal freedom, and urged the court to return his passport and immediately release him after more than three weeks. In addition, he asked the court to issue an injunction prohibiting his detention in similar investigations in the future, and to ask the National Security Advisor and the Economic and Financial Crimes Commission to make a public apology.
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