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Rhythm Evening News | Hong Kong Securities and Futures Commission has approved Bitcoin and Ethereum ETFs; Bitcoin "halving" is less than 5 days away
Summarized by AI
Featured News:
1. It is estimated that there are less than 5 days left for Bitcoin "halving";
2. The Hong Kong Securities and Futures Commission has approved the Bitcoin and Ethereum spot ETF products jointly managed by China Asset Management, HashKey Capital and Bosera Fund, as well as Harvest Investment;
3. Vitalik personally holds more than US$750 million of ETH in Safe;
4. Data: Among the top 50 tokens in terms of market value this year, only 6 currencies such as DOGE, SHIB and STX have outperformed BTC;
5. Analysis: The approval of spot Bitcoin and Ethereum ETFs in Hong Kong will release the demand for Asian trading hours for institutions
Price Observation
RAIL rose more than 10% in a short period of time. 50%, temporarily reported at $0.8693
Perhaps affected by the news that "Vitalik's associated address transferred 100 ETH to Railgun", Railgun's native token RAIL briefly broke through $0.88 and is now quoted at $0.8693, with a 24-hour increase of 58.23%.
Base Ecosystem GB plummeted by more than 95%, temporarily reported at $0.1428
Base Ecosystem RWA Market Grand Base's native token GB plummeted by 95.11%, suspected of being attacked, and is now quoted at $0.1641. At present, its official social channels have not responded.
Aevo predicts that OMNI will be launched on the market, and the price is currently $43.80.
Ethereum breaks through $3,200
According to OKX market information, Ethereum broke through $3,200 and is now quoted at $3,211, up 4.7% in 24 hours.
Bitcoin broke through $66,000, up 2.91% in 24 hours
According to OKX market data, Bitcoin rebounded and broke through $66,000, and is now quoted at $66,013, up 2.91% in 24 hours.
TON broke through 7 US dollars, with a 24-hour increase of 16.84%
According to OKX market data, TON broke through 7 US dollars and is currently quoted at 7.16 US dollars, with a 24-hour increase of 16.84%.
According to Coingecko data, the floor price of Bitcoin Puppets is 0.46 BTC, with a market value of 297 million US dollars, surpassing Pudgy Penguins's 290 million US dollars, and the NFT market value ranking rises to fifth. Among the top 5 NFT market value rankings, 3 of them are Bitcoin ecosystem NFTs, namely Runestone, NodeMonkes and Bitcoin Puppets.
SLERF briefly broke through $0.39, with a 24-hour increase of 49.6%
According to market data, SLERF briefly broke through $0.39 and is now quoted at $0.376, with a 24-hour increase of 49.6%.
TON's market value surpasses DOGE and becomes the 9th largest cryptocurrency by market value
According to CoinGecko data, TON is currently priced at $6.93, with a market value of $24 billion, thus surpassing DOGE and becoming the 9th largest cryptocurrency by market value.
Bitcoin inscription meme coin WZRD breaks through $7, setting a new record
According to market data, Bitcoin inscription meme coin WZRD (Bitcoin Wizards) is currently priced at $7.43, with a 24-hour increase of 46.4%, setting a new record high. BlockBeats reminds users that meme coins have no actual use cases, token prices fluctuate greatly, and investment should be cautious.
Transaction tracking
Vitalik's associated address transferred 100 ETH to Railgun
According to Scopescan monitoring, Vitalik's associated address transferred 100 ETH to the privacy solution Railgun 10 minutes ago.
A whale withdrew 15,281 ETH from CEX, equivalent to $49.75 million
According to @EmberCN monitoring, a whale/institution withdrew 15,281 ETH (approximately $49.75 million) from Binance and OKX in the past half hour. These assets may be bought at the bottom recently. The address previously transferred 90.64 million USDT to Binance on January 19.
Binance Labs transfers 200,000 HOOKs and 2.81 million OLEs to CEX
According to @EmberCN, Binance Labs deposited 200,000 HOOKs (about $190,000) into Binance and 2.81 million OLEs (about $210,000) into Gate in the past 50 minutes. Binance Labs is an investor in Hooked Protocol (HOOK) and OpenLeverage (OLE), and previously unlocked 3.33 million HOOKs (about $3.19 million) and 37.5 million OLEs (about $2.88 million) from the project token vesting contracts. Both tokens are transferred out by Binance Labs for the first time.
24 new addresses added 18.48 million OP from Coinbase in the past 24 hours
According to The Data Nerd, in the past 24 hours, 24 new wallets have added 18.48 million OP (about 41.8 million US dollars) from Coinbase. These wallets are suspected to be created to purchase OP. As of the time of writing, these wallets hold a total of 44.64 million OP (about 106.3 million US dollars).
Matrixport associated address transferred 29,429 ETH to a new address, which may be pledged
According to @ai_9684xtpa, the Matrixport associated address transferred 29,429 ETH, which was increased in nearly two days, to the address 0xf30...4f1EB an hour ago, with a value of 96.4 million US dollars; according to previous transactions, it may be pledged through the pledge service provider p2p.org. The address transferred 21,000 ETH (worth 65.28 million US dollars) from Binance, OKX, and Deribit during 04.14-04.15, with an average price of 3108 US dollars, and has now made a floating profit of 2.83 million US dollars.
A miner's address deposited 50 BTC to Coinbase after 14 years of silence
According to Lookonchain monitoring, a miner's wallet address woke up after 14 years of silence and deposited 50 BTC (about 3.28 million US dollars) to Coinbase 15 minutes ago. The miner earned 50 BTC from mining on April 23, 2010, and has been holding it ever since.
A whale that fled ETH before the market crash has now bought back all its positions
According to @EmberCN, the Ethereum whale that fled before the market crash has re-increased its holdings of ETH. He sold 3,017 ETH for 10.24 million USDT at a price of 3,396 before the market fell in the early morning of April 13. Half an hour ago, he bought the 10.24 million USDT for 3,149.8 ETH, with an average price of 3,253 US dollars.
Project Dynamics
STEPN and Adidas collaborate to launch NFT sneakers
According to official news, STEPN announced a collaboration with sports brand Adidas to launch limited edition NFT sneakers. It is reported that the STEPN x adidas Genesis sneaker series will be available on STEPN's NFT market MOOAR on Wednesday, April 17. The announcement stated that this Genesis series is the first in a series of joint activities between STEPN and Adidas in a one-year partnership, and more NFT releases and physical wearable items will be seen on the roadmap.
CyberKongz: 85% of Prometheans supply will be airdropped to the Ordinals community
NFT project CyberKongz tweeted that it will launch the Pre-Rune series Prometheans on the Bitcoin network, of which 17,850 Prometheans will be airdropped to the Ordinals community next week, and the airdrop will target the wallets with the longest holding time. The total amount of Prometheans is 21,000, of which 85% will be allocated to the Ordinals community and 15% to CyberKongz holders. The team created a custom script that obtains three data points from each selected community based on how long an individual has held Ordinal: wallet, inscription, and last transfer time. The longer you hold Ordinal, the greater your chance of getting a Prometheans airdrop.
CeFi News
According to Bloomberg, Germany's largest federal bank Landesbank Baden-Württemberg has reached a cooperation with the Bitpanda trading platform. The two parties will begin providing cryptocurrency custody services to institutional and corporate clients in the second half of 2024.
OKX will launch MEW and WIF perpetual contracts and spot trading
According to the official announcement, OKX will launch MEW and WIF perpetual contracts and spot trading, and provide margin trading and simple coin earning functions.
Viewpoint data
According to Cointelegraph, TradingView data shows that since the beginning of 2024, only 6 mainstream currencies among the top 50 crypto projects by market value have outperformed BTC, namely DOGE, SHIB, STX, BNB, MNT and RNDR. The price of Bitcoin has risen from $44,100 on January 1 to the current $65,000, a year-to-date increase of 54%.
Huaxia Fund, Bosera Fund and other applicants announced earlier today that they have been approved in principle to list Bitcoin and Ethereum spot ETFs in Hong Kong. However, these announcements appear to have preceded official statements from the Hong Kong Securities and Futures Commission (SFC), which has yet to release a list of approved issuers, or as a result, some of the articles have been deleted. The SFC did not respond to emails or calls seeking comment. QCP Capital, a Singapore-based digital asset trading agency, said it believes that the approval of these ETFs in Hong Kong will unlock some institutional demand during Asian trading hours. "Participants who want to invest have been limited to the US time period, but now this provides institutional investors with an option based on the Asian time period. We think this will be bullish in the short term, but there are more important factors and drivers, such as macro events."
According to Lookonchain monitoring, after the market bottomed, 297.9 million USDT were transferred from Tether Treasury to Kraken and Bitfinex, and then the market began to rebound. Funds seem to be entering the cryptocurrency market to buy on dips.
Regulatory News
Harvest Global Investments announced today that the Hong Kong Securities Regulatory Commission has approved in principle its investment in two digital asset spot ETF products (Bitcoin and Ethereum). Harvest's investment in two digital asset spot ETF products will be through OSL Digital Securities Co., Ltd., the first digital asset platform licensed and insured by the Hong Kong Securities Regulatory Commission, effectively solving problems such as excessive margin requirements, price premiums caused by the lack of short positions, and rolling losses, thereby more accurately reflecting the real-time value of Bitcoin.
China Asset Management (Hong Kong) has obtained approval from the Hong Kong Securities Regulatory Commission to provide virtual asset management services to investors and is now planning to issue ETF products that can invest in Bitcoin spot and Ethereum spot. China Asset Management (Hong Kong) and its partners OSL Digital Securities Co., Ltd. and custodian BOCI Prudential Trustee Limited are conducting research and deployment on this. In addition, OSL is the exclusive trading and custody partner of China Asset Management's Bitcoin and Ethereum spot ETFs launched in Hong Kong.
The Hong Kong Securities and Futures Commission has conditionally approved two virtual asset spot ETFs jointly issued and managed by HashKey Capital and Bosera Funds (International) Co., Ltd.: Bosera HashKey Bitcoin ETF and Bosera HashKey Ethereum ETF. The two ETFs are expected to be listed on the Hong Kong Stock Exchange, tracking the prices of Bitcoin and Ethereum respectively, and adopting a "physical" subscription mechanism, allowing investors to subscribe to ETF shares directly using Bitcoin and Ethereum.
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