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Rhythm Evening News | Puffer completes $18 million Series A financing; 10x Research says cryptocurrency is on the verge of a major price adjustment
Summarized by AI
Featured News:
1. Altcoins followed the market down, CKB fell more than 19% in 24 hours;
2. ID, UNI, CRV ranked at the top of Smart Money 24-hour inflow list;
3. Puffer completed $18 million in Series A financing, led by Brevan Howard Digital and Electric Capital;
4.10x Research: Cryptocurrency is on the verge of a major price adjustment;
5. Hong Kong media: It is expected that the Hong Kong Securities Regulatory Commission will approve the first batch of virtual currency ETFs by the end of April
Price Observation
Altcoins followed the market down, CKB fell more than 24 hours 19%
According to market data, altcoins followed the broader market and experienced a general decline, including:
CKB is currently quoted at $0.022, down 19.3% in 24 hours;
JTO is currently quoted at $2.507, down 17.1% in 24 hours;
WIF is currently quoted at $2.52, down 16.6% in 24 hours;
RODI is currently quoted at $41.4, down 15.8% in 24 hours.
Bitcoin briefly fell below $62,000
According to OKX market information, Bitcoin briefly fell below $62,000 and is now quoted at $62,080, with a 24-hour drop of 6.55%.
Puffer points are currently reported at $0.0184 in Whales Market
According to Whales Market data, Puffer points are currently reported at $0.0184 in Whales Market.
BlockBeats Note: The last transaction date of the secondary market points was 11 days ago, and the historical cumulative transaction volume was only 81,143.8 US dollars, and the price reference was limited.
Ethereum rebounded above $3,100
According to OKX market data, Ethereum rebounded above $3,100 and is now quoted at $3,110, a 24-hour drop of 4.03%.
OMNI futures on Aevo are quoted at $41.1
According to Aevo market information, OMNI futures are quoted at $41.1.
Previously, Binance will launch OMNI at 12:00 (UTC) on April 17, 2024, and open OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY trading pairs. The seed tag will be applied to OMNI.
OKB briefly broke through $62, with a 24-hour increase of more than 14%
According to OKX market information, OKB briefly broke through $62 and then fell back, and is now quoted at $61.1, with a 24-hour increase of 14.31%.
In the previous news today, OKX announced that its Layer2 public mainnet, X LAYER, was officially launched.
Transaction Tracking
According to @ai_9684xtpa, two minutes ago, DWF Labs recharged 10.8 million IDs worth $7.69 million to OKX through the transfer address 0xD6e.
Suspected Wintermute address transferred 1.4 million ARB to Coinbase 4 hours ago
According to The Data Nerd, 4 hours ago, a whale wallet (possibly belonging to Wintermute) transferred 1.4 million ARB (1.57 million US dollars) to a new wallet and then deposited it into Coinbase.
10 months ago, the address transferred 67.17 million ARB from Coinbase at $1.16, and then transferred 16.8 million ARB (31.57 million U.S. dollars) to Wintermute's wallet. Currently, the wallet still holds 48.98 million ARB (55.84 million U.S. dollars).
A whale sold 1,200 BTC 3 hours ago, equivalent to about 75.55 million U.S. dollars
According to Lookonchain monitoring, a whale sold 1,200 BTC (75.55 million U.S. dollars) at a loss 3 hours ago. There are currently 388 BTC (24.53 million U.S. dollars) left.
ID, UNI, CRV top the Smart Money 24-hour inflow list
According to Nansen 2 data, Smart Money 24-hour Ethereum network capital inflow tracking list is as follows:
ID: about 7.71 million US dollars, currently quoted at 0.69 US dollars, a 24-hour drop of 5.98%;
UNI: about 4.07 million US dollars, currently quoted at 7.2 US dollars, a 24-hour drop of 7.18%;
CRV: about $800,000, currently quoted at $0.427, down 6.62% in 24 hours.
A whale who opened a position in UNI a year ago transferred $5.17 million worth of UNI to Coinbase Prime 8 hours ago, and it is suspected that he will sell it.
It is reported that the address transferred the UNI from the trading platform on February 7, 2023, when the price was $6.76. According to market information, UNI is currently quoted at $7.089.
According to Lookonchain monitoring, a leveraged long ETH whale sold all 10,701 ETH (worth approximately 33 million US dollars) on Binance 2 hours ago to repay debts, with an estimated loss of more than 4 million US dollars.
A whale reduced its lending position in Compound and transferred ETH to Binance
The Data Nerd monitoring shows that 1 hour ago, a whale starting with 0x444 began to reduce its lending position in Compound, including withdrawing USDT from Binance for repayment, withdrawing ETH from Compound, and depositing ETH to Binance to sell and withdraw USDT. 3,000 ETH has just been deposited in Binance.
A newly created address withdrew $10.5 million worth of STRK from Coinbase Prime
According to Scopescan monitoring, a newly created address withdrew $10.5 million worth of STRK from Coinbase Prime 3 hours ago.
Market information shows that STRK is now quoted at $1.2998, with a 24-hour drop of 9.33%.
Project Dynamics
LayerNet launches NFT series Energizer, with a total supply of 4997
Decentralized AI ecosystem LayerNet launches NFT series Energizer, with a total supply of 4997.
The whitelist activity is now online and open to all users, among which Blue Tick users will receive exclusive allocation and will be given priority in the selection stage. Minting will begin at 1pm (UTC) on Thursday, April 25th.
PancakeSwap has now integrated Aperture Finance and jointly launched a 42 million APTR airdrop event
PancakeSwap announced that it has integrated the automated liquidity management protocol Aperture Finance into the v3 liquidity pool on the Ethereum and BNB chains, aiming to help users manage their liquidity positions through Aperture's intent-based LP management tools.
At the same time, Aperture Finance and PancakeSwap launched a 42 million APTR airdrop event, equivalent to 4.2% of the total supply. The snapshot was taken around 00:00 UTC on April 11, 2024, with 4200 points for addresses that have performed LP on BNB chain or Ethereum PancakeSwap in the past 12 months, and 2100 points for addresses that have performed at least 1 swap.
In addition to the initial points guide, all operations or transactions performed by LPs or interactive users on PancakeSwap through the Aperture Dapp will receive a 3x points boost compared to the same operations on other DEXs. For example, switching to LP through Aperture on PancakeSwap will generate 3x points compared to the same operation on Uniswap.
HashKey Global opens coin listing applications
HashKey Global announced that it has opened spot trading for multiple tokens and officially opened the coin listing application channel. Project tokens can submit applications through its Google form. The HashKey Global token review team will review from multiple dimensions such as project background, community size, products, and token economic models. After the review is passed, the HashKey Global team will contact you.
In addition to direct coin listing, HashKey Global will soon launch compliant LaunchPad (token sales and first launch), LaunchPool (new coin mining and first launch) and other coin listing activity products.
Solana ecosystem NFT project Mad Lads has opened the W airdrop claim page. Users can click on the W badge in the xNFT in the Backpack wallet to view the airdrop quantity and start and end time. The claim opening time is April 17.
It was previously reported that Mad Lads holders of the "W" badge can receive 16,000 W airdrops, of which 3,200 W will be unlocked on TGE and the rest will be unlocked within a year.
Stargate announces the upcoming launch of Stargate V2
The LayerZero-based cross-chain bridge Stargate said on the social platform that it will soon launch Stargate V2.
Cross-chain liquidity aggregation protocol Via Protocol announced that the Via router has been disconnected from the network, and the specific time is unknown. As it is no longer possible to pay server fees, the team plans to open source the Via Protocol code.
Cross-chain interoperability protocol Owlto Finance has integrated X Layer
According to official news, the intent-centric cross-chain interoperability protocol Owlto Finance announced that it has integrated the OKX Layer 2 network X Layer, becoming the first cross-chain interoperability protocol to integrate the network. Users can experience ETH, USDT and USDC in X Layer through Owlto Finance as soon as possible.
Arbitrum launches next-generation fraud proof protocol BOLD testnet
Offchain Labs, the developer of Arbitrum, announced the official launch of its next-generation off-chain dispute resolution protocol Arbitrum BOLD testnet. BOLD aims to provide working interactive fraud proofs for optimistic rollup networks and is a key step for Arbitrum to move towards fully permissionless verification and higher decentralization.
The BOLD protocol ensures the correctness of Arbitrum's state on Ethereum by allowing anyone to verify or challenge transactions withdrawn from Arbitrum to the Ethereum mainnet. It is now deployed on a public testnet, and validators can experience the operation of this cutting-edge protocol by submitting assertions to the Sepolia testnet. It is expected that Offchain Labs will initiate a proposal to activate BOLD on Arbitrum Sepolia and vote through Tally soon.
CeFi News
Binance Labs: Incubation S7 application deadline extended to April 30
Binance Labs stated on the social platform that the application deadline for Incubation S7 has been extended to 11:59 pm (UTC) on April 30.
Binance will launch spot trading pairs such as ATOM/USDC and RNDR/USDC and trading robot services
According to the official announcement, Binance will launch ATOM/USDC, CFX/USDC, POLYX/TRY, RNDR/USDC, RUNE/USDC, and SAGA/USDC spot trading pairs at 16:00 on April 17, 2024 (Eastern Time Zone 8).
In addition, Binance will open trading robot services for the following trading pairs at 16:00 on April 17, 2024 (Eastern Time 8):
Spot grid, spot DCA (average cost method), smart position: SAGA/USDT, TNSR/USDT
Spot algorithmic orders: ATOM/USDC, CFX/USDC, POLYX/TRY, RNDR/USDC, RUNE/USDC, SAGA/USDC
According to the official announcement, Binance Contracts will be launched on ARBUSDC, NEOUSDC and FILUSDC perpetual contracts will be launched at 15:00 (ET8) on April 18, 15:15 (ET8) on April 18 and 15:30 (ET8) on April 18, with the maximum leverage of 50x and 75x respectively.
View data
In the past 24 hours, the entire network has exploded $327 million, mainly in long positions
BlockBeats news, on April 16, according to Coinglass data, the entire network had a liquidation of $327 million in the past 24 hours, of which long orders were liquidated at $261 million and short orders were liquidated at $65.7302 million.
Puffer Finance TVL reached $1.179 billion
According to Puffer Finance's official website, its total TVL reached $1.179 billion, and it has generated 20.02 billion Puffer points, 550 million Eigenlayer points, and a comprehensive APY of over 3.3%.
Previously reported, Ethereum re-pledge agreement Puffer completed $18 million in Series A financing, led by Brevan Howard Digital and Electric Capital.
Since the launch of the US Bitcoin spot ETF, Grayscale GBTC's Bitcoin holdings have decreased by 50%
According to The Block, Grayscale's GBTC Bitcoin holdings have been reduced by half in about three months since the launch of the US spot Bitcoin exchange-traded fund on January 11.
At the start of trading in the Bitcoin spot ETF, GBTC held approximately 619,220 bitcoins. GBTC's disclosures as of Monday show that its Bitcoin holdings subsequently fell by about 50% to around 311,621, and its fees are much higher than its competitors. For example, GBTC charges a fee of 1.5%, while BlackRock's IBIT currently charges a fee of 0.12%.
According to The Block's data dashboard, GBTC's market share has fallen from 100% on the day of its launch to 37.3% yesterday. IBIT has gained 32.2% of the share during this period, and FBTC ranks third with 17.8%.
Data: Ethereum pledge rate has exceeded 27%
According to Dune Analytics data, the total amount of Ethereum beacon chain staked reached 32,431,614 ETH, and the staked ETH accounted for 27.05% of the total ETH supply. Among them, the stake share of the liquidity pledge agreement Lido reached 28.90%.
In addition, there has been a net inflow of 12,367,299 ETH since the Shanghai upgrade.
In its latest report, Matrixport said that some people believe that the market may be on the eve of altcoin's rally. Although a few meme coins and altcoins have seen significant gains, based on Bitcoin's market share, this bull market may still be in its early stages, indicating that the gains of other cryptocurrencies in the market are relatively limited, and Bitcoin's market share is still increasing.
It is expected to be less than 4 days away from Bitcoin's "halving"
According to BTC.com, there are less than 4 days left before Bitcoin's fourth "halving", with 553 blocks remaining.
Block halving refers to the process of reducing the number of digital currencies generated per unit time, mainly achieved by reducing block rewards. So far, the Bitcoin network has experienced three halvings in 2012, 2016 and 2020.
Ordinals inscriptions cumulative fee income exceeds 6,600 BTC
Dune data shows that the Bitcoin NFT protocol Ordinals inscriptions minting cumulative fee income exceeded 6,600 BTC, currently 6,625.5751 BTC, equivalent to approximately US$420,621,106; the current total number of minted inscriptions has reached 65,886,453.
Musk plans to charge a small fee to new users of X to curb the problem of zombie accounts
Musk said on the social platform that he plans to charge a small fee to new users who join the X platform to curb the problem of zombie accounts. Musk pointed out that current artificial intelligence and "troll farms" can easily bypass traditional tools such as verification codes, so he believes that charging new users is the only way to prevent robot attacks.
He also mentioned that if new users have not paid for three months after creating an account, they will be able to post information for free. In addition, the X platform began a large-scale cleanup of junk accounts this month and warned users that their number of fans may be affected.
10x Research: Cryptocurrency is on the verge of a major price adjustment
10x Research said on its social platform that risk assets represented by stocks and cryptocurrencies are on the verge of a major price adjustment. The main cause is unexpected and persistent inflation. The bond market currently expects less than three rate cuts and 10-year Treasury yields to exceed 4.50%. The market may have reached a critical tipping point for risky assets.
The cryptocurrency panic and greed index reached 62, a new low in nearly a month
According to Alternative data, today's cryptocurrency panic and greed index is 62 (yesterday was 74), a new low in nearly a month, and hype continues to cool down.
Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).
Ethereum network gas fee dropped to 8 gwei
According to Etherscan data, the current Ethereum network gas fee has dropped to 8 gwei.
Financing Express
Puffer Completes $18 Million Series A Financing, Brevan Howard Digital and Electric Capital Co-Led
According to CoinDesk, Ethereum re-staking protocol Puffer has completed $18 million in Series A financing, Brevan Howard Digital and Electric Capital co-led the investment, Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca and GSR participated in the investment. The new round of funds will be used to launch Puffer's mainnet.
As previously reported, on August 8 last year, Puffer Finance announced the completion of a $5.5 million seed round of financing, led by Lemniscap and Lightspeed Faction, with other participating institutions including Brevan Howard Digital, Bankless Ventures, Animoca Ventures, Kucoin Ventures, etc.
The full-chain game LONT GAMES completed a $2.6 million seed round of financing
According to official news, based on the expansion architecture HyperGrid chain game development, the full-chain game LONT GAMES announced the completion of a $2.6 million seed round of financing. It also received technical support from OKX and Bitget Wallet.
The new funds will be used for team expansion and to accelerate the development of LONT GAMES. The team plans to start the pre-sale of Solana and Base network tokens at 20:00 Beijing time on April 16, and has signed pre-listing agreements with multiple leading CEXs.
RWA Inc. Completes $1.175 million in Private Funding, Castrum Capital and Other Participants
RWA Project RWA Inc. announced on the X platform that it has completed $1.175 million in private financing, with Castrum Capital, Maven Capital, Unreal Capital, Decubate.com, SkyGardians Capital, Undefined Capital, DuckDAO and others participating, as a supplement to the more than $9 million in financing promised in previous rounds.
Regulatory News
Hong Kong Bitcoin Spot ETF to Go Live as Early as Late This Month
As reported by The Block, OSL said that Hong Kong asset managers including ChinaAMC and Harvest Global's subsidiaries may launch Bitcoin spot ETFs as early as later this month.
OSL's chairman and CEO Patrick Pan said that reports indicate that the spot Bitcoin ETF may go live in late April, followed shortly by the spot Ethereum ETF, and all relevant parties are working quickly to complete the process. However, the exact date is still undecided.
ChinaAMC expects "substantial" demand for its upcoming spot Bitcoin and Ethereum ETFs.
According to Hong Kong media Ming Pao, regarding the approval of Bitcoin and Ethereum spot ETFs, the Hong Kong Securities and Futures Commission pointed out that if the ETF products applied for generally meet the requirements of the Commission, a conditional authorization letter will be issued, but various conditions must still be met, including payment of relevant fees, submission of documents, and obtaining listing approval from the Hong Kong Stock Exchange. It is believed that the relevant fund companies will submit applications to the Hong Kong Stock Exchange in the next step.
At the same time, the report pointed out that the Hong Kong Securities and Futures Commission is expected to approve the first batch of virtual currency ETFs by the end of April.
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