Selected news:

1. BOME will launch an innovative mechanism to burn tokens and redeem them for random NFTs;

2. Forbes announces the 2024 list of global billionaires, crypto The total wealth of the 17 people on the list in the industry reaches US$93 billion;

3. The "Silk Road DOJ Confiscated Funds" wallet transferred 2,000 Bitcoins to Coinbase Prime;

4. Andrew Kang: It is still expected that there will be considerable returns in the altcoin field, mainly limited to Meme coins;

5. GM Network announced the implementation of a full airdrop compensation plan for whitelist users

Price Watch

Bitcoin fell below US$65,000, down 6.74% in 24 hours

On April 3, according to OKX market data, Bitcoin fell below US$65,000 and is now quoted at US$64,583 , a 24-hour drop of 6.74%.

Received online Affected by the Robinhood news, OP rose nearly 5% for a short time and then fell back

On April 3, according to OKX market data, affected by the news of the listing of Robinhood, OP rose nearly 5% for a short time and then fell back. , currently quoted at $3.173, still down about 7% in 24 hours.

Shouxin Affected by the news of a new round of financing, IOTX rose by nearly 8% in a short period

On April 3, according to Bitget market data, affected by news of a new round of financing, IOTX rose by nearly 8% in a short period of time. , currently quoted at $0.067.

BlockBeats previously reported that IoTeX, an Ethereum-compatible blockchain optimized for DePIN, completed $50 million in financing. This round of financing was funded by Borderless Capital, Amber Group, and Foresight Ventures , FutureMoney Group, SNZ, Metrics Ventures, EV3 and Waterdrip Capital participated. The IoTeX team said the investment will drive growth and ecosystem adoption of DePIN by investing in long-term pledged IOTX, the DePIN token that governs and powers IoTeX DePIN, and investing in IoTeX-based DePIN alongside the IoTeX Foundation and the DePINsurf Accelerator Fund. project.

ENA rose above $0.8, with a nearly 50% increase in the past 8 hours

On April 3, according to market data, Ethena (ENA) rose above $0.8 and is now quoted at $0.818, with a 47% increase in the past 8 hours.

BGB rose to $1.17, a record high

On April 2, according to Bitget market information, Bitget platform currency BGB rose to $1.17, a record high, with a 24-hour increase of more than 8%.

BNB briefly fell below $550, with a 24-hour drop of more than 6%

On April 2, according to OKX market data, BNB briefly fell below $550 and is now quoted at $551.7, with a 24-hour drop of more than 6%.

Transaction Tracking

Grayscale transferred a total of about 2,822 BTC to Coinbase Prime today

On April 2, according to Arkham data, the Grayscale address transferred about 2,822 BTC to the Coinbase Prime address about 20 minutes ago, worth about $183 million. In addition, Grayscale also transferred 1,756 BTC (worth about $114 million) to 3 new addresses.

“Mr. 100” address bought more than 600 BTC during today’s market decline

On April 2, according to HODL15Capital monitoring, the "Mr.100" whale address, which previously bought an average of 100 BTC per day, bought more than 600 BTC during today's market decline. The address has been marked as an Upbit cold wallet by Arkham, but the mark is still controversial.

Project Dynamics

Blast launches Multiplier, interacting with selected DApps such as SynFutures and Ring can get double Blast Points

On April 3, according to official news, Blast Points Bonus has been launched, and users can use specific DApps including SynFutures to increase Blast Points. Multipliers can double the participants' existing Blast Points and increase the earning speed. For example, if a participant currently has 100 Blast Points and earns 20 Points per hour, after obtaining 2x Multiplier, he can have 200 Points and will earn 40 Points per hour.

BOME will launch an innovative mechanism, burning tokens can be exchanged for random NFTs

On April 3, BOME founder Darkfarms revealed on social media that the project is conducting the final test of a new gameplay. Users can enter the whitelist by entering the Ethereum address and burning 888 BOME tokens, and have the opportunity to obtain collections through free application or airdrop. Darkfarms said that if the test goes well, the project will continue to develop a large-scale CC0 Meme art distribution tool. By then, the tool will support multiple public chains such as Ethereum and Base, and include collection vaults from different artists and projects, including 1/1 artworks, PFP, OE, limited collections, XCP cards, and inscriptions.

In addition, Darkfarms also mentioned that the number of BOME tokens burned may change after testing, but the basic gameplay remains unchanged, that is, burning a fixed number of BOME tokens and randomly obtaining a collection from the vault. If other projects in the community intend to use this method for airdrops or minting, the BOME team will disclose the relevant code and share tool building experience.

Tensor: Season 3 is over, TNSR token economics and governance documents will be released next week

On April 3, the Solana ecosystem NFT marketplace Tensor Foundation announced on the X platform that Season 3 has ended and participants will receive treasure chests based on their use of the Tensor protocol. All treasure chests (including those from Seasons 1, 2, and 3) will be viewable and open on April 8, and the official announcement will be released on the same day. The treasure chest contains the Tensor governance token TNSR. The token economics and governance documents will be available during the claim period next week. In the meantime, Season 4 is now open, and the same bidding, listing, market making, and price locking behaviors on Tensor will be rewarded.

Cosmos Ecological Meme Project Hava Coin is now open for airdrop applications, and can only be claimed within 24 hours

On April 3, Cosmos Ecological Meme Project Hava Coin is now open for airdrop applications, and can only be claimed within 24 hours. ATOM, OSMO, JUNO, TIA, INJ, HUAHUA stakers and WOSMO holders can claim tokens.

GM Network Announces Full Airdrop Compensation Plan for Whitelisted Users

On April 2, GM Network announced that all 2,077 CyberV NFTs in limited supply have been sold out. Due to too many participants, some whitelisted users encountered interface congestion and error prompts during the purchase process, mainly due to system pressure caused by centralized minting activities. To ensure fair rights and interests for all participants, GM Network promises to provide airdrop compensation to all whitelisted addresses, regardless of whether they successfully minted NFTs during the sale. The compensation plan is as follows: All whitelisted users will receive an airdrop of 100% of the value of GM tokens, which will be deducted from the fund pool. All whitelisted users will also receive additional GM Network ecosystem points, which can be exchanged for GM tokens. In addition, all users who experience failed minting attempts will receive additional compensation. More details on the airdrop compensation plan will be announced soon.

Jupiter LFG Launchpad official website is online The first project Zeus Network

On April 2, according to official news, the Zeus Network token ZEUS will be officially listed on the Jupiter LFG Launchpad on April 4. To this end, the Jupiter LFG Launchpad official website has been officially launched. Now, users can connect to their wallets, check short investment prices, set up DCA strategies, and place limit orders. The initial price of the ZEUS token is set at 0.3 USDC, with a maximum price limit of 0.85 USDC. The total number of tokens available for this listing is 50 million. Community members, including Dappie Gang holders, Zealy supporters, and JUP voters, are eligible to claim an airdrop of 3% of the total ZEUS supply.

Uniswap announced Integrating the Blast network, v2 LP can obtain native income

On April 2, the decentralized trading platform Uniswap officially integrated the Blast Layer 2 network on its interface. Users can now directly Token exchange and liquidity provision on .uniswap.org. This marks the first time Uniswap users will be able to earn native returns on LP positions, thanks to Blast’s rebasing functionality. The Blast Network provides native yields on ETH and USDB stablecoins and optimizes users’ trading experience through lower transaction fees and faster exchanges compared to the Ethereum mainnet. Users can start exchanging tokens on Blast by selecting Blast as the network.

In terms of providing liquidity, Blast supports both Uniswap v2 and Uniswap v3, but native income is only available in the v2 pool. In particular, due to the centralized liquidity technology implementation characteristics of Uniswap v3, LPs in the v3 pool on Blast will not receive native benefits. At the same time, Blast’s rebasing mechanism brings new risk considerations for liquidity providers on Uniswap v3, especially in the case of negative rebasing. Therefore, those offering liquidity for rebased tokens on Blast are recommended to choose Uniswap v2.

CeFi Information

Robinhood will launch OP

On April 3, according to official news, Robinhood announced that it will launch Optimism (OP).

Opinion data

Andrew Kang: Still expecting substantial returns in the altcoin space, mainly limited to Meme coins

April 3 Andrew Kang, co-founder and partner of crypto venture capital firm Mechanism Capital, posted on social media, “It is expected that BTC/ETH will mainly fluctuate in the range in the next few weeks, as major cryptocurrencies gradually enter the institutionalization stage. Volatility will continue to compress." Andrew Kang said, "I still expect there will be substantial returns in the altcoin space, but mainly limited to 'Memecoin', as the flow of new funds into the crypto market slows down. At this stage, I expect the older crypto-native generation to invest more in Memecoin, as many will no longer be able to profit comfortably in all rising markets. For those who are not participating, the biggest risk is that "Memecoin" rises and other altcoins fall. Nothing inspires acceptance of a new trend like a clear loss of liquidity. 》

ARKB There was a net outflow of approximately US$87.5 million yesterday, the second consecutive day of net outflow

On April 3, according to data from Farside Investors, the Bitcoin spot ETF ARKB launched by Ark Invest and 21Shares had a net outflow yesterday. There was an outflow of approximately US$87.5 million, the second consecutive day of net outflows.

Greeks. live: Today’s ETH call option transactions accounted for 90% of the total transactions

On April 3, Greeks.live macro researcher Adam posted on the X platform that Bitcoin continued to fall, driving the entire market to decline significantly, market panic spread, and futures premium levels dropped. However, in the options market, there are very few put options traded, and the main transactions today are call options. Especially for ETH, call option transactions accounted for 90% of the total transactions today, a very rare and extreme level of proportion. Moreover, the transactions were scattered at the main term prices of this month. The transactions were very scattered and did not pass through bulk transactions. Observing the transactions should be the fluctuations before and after the layout was halved.

Data: Spot Bitcoin ETF trading volume nearly tripled in March, reaching $111 billion

On April 2, the cumulative monthly trading volume of spot Bitcoin ETFs in March was higher than in February. The $42 billion jump nearly tripled to $111 billion. Eric Balchunas, senior ETF analyst at Bloomberg, pointed out that March’s trading volume was landmark for the spot Bitcoin ETF market. "Bitcoin ETF trading volume reached $111 billion in March, almost three times what it was in February and January," he said. "I can't imagine there will be a bigger increase in April, but who knows." Grayscale, BlackRock and three spot ETFs issued by Fidelity continue to lead in terms of trading volume.

As of Monday’s trading, however, Grayscale’s GBTC fund has seen total outflows of more than $15 billion since it began trading in January. In Bitcoin terms, the decade-old trust’s Bitcoin holdings fell 46% from about 619,000 BTC to 333,619 BTC (valued at $22 billion) after it transitioned to a spot Bitcoin ETF two months ago. In U.S. dollar terms, spot Bitcoin ETFs issued by BlackRock and Fidelity last month had AUM of about $18 billion and $10 billion, respectively, according to CoinShares. In terms of inflows, products issued by BlackRock and Fidelity have been the most successful. In yesterday's trading, the spot Bitcoin ETF returned to net outflows after experiencing net inflows on every trading day last week. Net outflows were $85.7 million on Monday, according to CoinGlass data, and Grayscale’s fund saw $302.6 million in single-day outflows.

Tether issues 1 billion USDT on Tron network (authorized but not yet issued)

On April 2, according to Whale Alert, Tether issued 1 billion USDT on Tron network. In response, Tether CEO Paolo Ardoino said that the 1 billion USDT is a supplement to the Tron network inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and cross-chain exchange inventory.

Financing News

IoTeX ecosystem receives $50 million in funding from Amber Group and other institutions

On April 3, according to Coindesk, the Ethereum-compatible blockchain IoTeX ecosystem optimized for DePIN received $50 million in financing. This round of financing was participated by Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, Metrics Ventures, EV3 and Waterdrip Capital. The IoTeX team said the investment will drive DePIN's growth and ecosystem adoption by investing in long-term staked IOTX (the DePIN token that manages and drives IoTeX DePIN), and investing in IoTeX-based DePIN projects together with the IoTeX Foundation and DePINsurf Accelerator Fund.

Camp Network Completes $4 Million Seed Round, Maven 11 Leads

On April 3, modular Layer 2 blockchain Camp Network completed a $4 million seed round of financing, led by Maven 11, with participation from OKX, Protagonist, Inception Capital, Paper Ventures, HTX, Moonrock Capital, and Eterna Capital. These funds will support the construction of the network before the mainnet launch in June. Additionally, 20 active teams within the Camp Network ecosystem will receive funding to expand their ranks. The network’s testnet will be launched this month.

Stablecoin startup Agora completed $12 million in seed round financing, led by Dragonfly

On April 2, according to Bloomberg, stablecoin startup Agora completed a $12 million seed round of financing, led by Dragonfly, with General Catalyst and Robot Ventures and others participated in the investment. Agora will issue stablecoins backed by cash, U.S. Treasuries, and overnight repurchase agreements. VanEck will manage the Agora Reserve Fund, said Kyle DaCruz, director of digital asset products at VanEck. Agora plans to sign revenue sharing contracts with partners. Agora individual holders will not directly receive any benefits or income generated by Agora. Agora was co-founded by Nick Van Eck, son of investment management veteran Jan Van Eck, and cryptocurrency veterans Drake Evans and Joe McGrady.

Regulatory News

The Monetary Authority of Singapore promulgated licensing requirements for cryptocurrency custody services

On April 3, according to an official announcement, the Monetary Authority of Singapore Authority (MAS) announced amendments to the Payment Services Act (PS Act) and its subsidiary regulations, expanding the scope of payment services regulated by MAS and implementing user protection and financial stability for digital payment token (DPT) service providers related requirements. These amendments will come into effect in phases from 4 April 2024. The amendments will bring the following activities into the regulatory scope of the PS Act:

(i) Providing custody services for DPT; (ii) Facilitating the transfer of DPT between accounts and DPT exchange, even if the service provider does not have access to the funds or DPT; (iii) facilitate cross-border transfers of funds between different countries, even if the funds are not accepted or received in Singapore. Transitional arrangements will be made available for entities currently carrying out activities under the expanded scope of the PS Act. These entities must notify MAS within 30 days from 4 April and submit a license application within six months from 4 April 2024 if they wish to continue these activities on an interim basis while MAS reviews their license application. Entities that do not comply with the above requirements will be required to cease their activities when the amendments come into effect.

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