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Evening News | ConsenSys founder: Any DEGEN tip received will be used to defend the Ethereum ecosystem; Yesterday, the U.S. spot Bitcoin ETF had a net outflow of $217 million
Summarized by AI
Featured News:
1. Arthur Hayes: US Treasury Secretary Yellen may launch a massive liquidity injection plan to accelerate the return of the crypto bull market;
2. The price of Runestone airdrop runes is 7.57 sats, with a market value of 480 million US dollars;
3. Vitalik: PoW is also quite centralized, and PoW is only a temporary stage before turning to PoS;
4. ConsenSys founder: Any DEGEN tip received will be used to defend the Ethereum ecosystem;
5. Yesterday, the US spot Bitcoin ETF had a net outflow of 217 million US dollars
Price Observation
Runestone airdrop rune price reported 7.57 sats, with a market value of 480 million US dollars;
sats, with a market value of $480 million
According to market information, the price of the Runestone airdrop rune DOG•GO•TO•THE•MOON is now 7.57 sats, with a total market value of $480 million. Each Runestone NFT airdrop is worth $4,330.
Prometheans floor price breaks through 0.08 BTC, setting a new record
According to MagicEden data, the total transaction volume of the Pre-Rune series "Prometheans" issued by CyberKongz reached 439 BTC, and the floor price rose to 0.088 BTC, a record high, with a 24-hour increase of 44.9%. Earlier news, CyberKongz said on its social platform that it has airdropped 17,850 Prometheans to the Ordinals community. The airdrop will be targeted at Bitcoin NFT communities including NodeMonkey and Runestone. The total number of Prometheans is 21,000, of which 85% will be allocated to the Ordinals community and 15% to CyberKongz holders.
According to market information, the price of Solana Ecological Meme Coin MANEKI briefly broke through $0.027, with a 24-hour increase of 18.7%, a record high, and is currently reported at $0.026. BlockBeats reminds users that meme coins have no actual use cases and prices fluctuate greatly, so users should pay attention to risks.
SAFE briefly broke through $2.6 this morning, with a 24-hour increase of 37.5%
According to Coingecko data, SAFE briefly broke through $2.6 this morning and is now quoted at $2.48, with a 24-hour increase of 37.5%.
Blob floor price rose by more than 55% in 24 hours, temporarily reported at 0.0543 BTC
According to Magiceden data, Blob floor price rose by more than 55% in 24 hours, temporarily reported at 0.0543 BTC. Earlier today, the Blob team won the fourth Bitcoin halving block Epic Sat from ViaBTC at a price of 33.3 BTC.
Transaction Tracking
A certain address made a profit of 22.83 million US dollars by trading Meme coins on Solana
According to Lookonchain monitoring, paulo.sol made a profit of 22.83 million US dollars by trading Meme coins on Solana, including 9.51 million US dollars in profits on WIF, 7.04 million US dollars on BODEN, and 6.28 million US dollars on BONK.
According to The Data Nerd, 7 hours ago, ARB early investor address 0xd85 deposited the last 2.7 million ARB (about 2.91 million US dollars) into Binance. One month ago, the address obtained 24.57 million ARB (about 46.19 million US dollars) from the Arbitrum attributed address and sold them all.
The founder of Amaranth Foundation spent 24.7 million USDC to buy 7,814 ETH in the past 40 minutes
According to Spot On Chain, James Fickel, the founder of Amaranth Foundation, spent 24.7 million USDC in the past 40 minutes to buy 7,814 ETH at an average price of about 3,161 US dollars. James Fickel currently deposited 128,516 ETH ($404 million) and 40.97 million USDC in Aave, and borrowed 2,266 WBTC ($146 million), and has been long on the ETH/BTC trading pair since December 2023.
Amber Group address withdrew 110 billion PEPE from Binance 2 hours ago
According to The Data Nerd, the Amber Group address withdrew 110 billion PEPE (about 840,000 US dollars) from Binance 2 hours ago. Currently, there are 703.75 billion PEPE (about 5.26 million US dollars) in its address, but the unrealized profit is only 26,400 US dollars.
Project Dynamics
Rune No. 9 LOBO•THE•WOLF•PUP airdrop has been completed
The airdrop of Rune No. 9 LOBO•THE•WOLF•PUP has been completed. Runestone and Rune Doors holders are eligible for the airdrop, which will be distributed directly to the wallet address without claiming. The current unit price of Rune LOBO is 4.97 sats, with a market value of 67 million US dollars.
Polygon Labs COO Michael Blank is about to leave
According to DL News, Michael Blank, who has served as Chief Operating Officer of Polygon Labs since March 2022, is about to leave. Blank will remain at the company in the next few months to complete the transition.
ApeCoin: ApeChain testnet is about to be launched
ApeCoin posted on social media that the ApeChain testnet will be launched soon, and the specific details will be disclosed in Twitter Space tomorrow morning.
Views
Bloomberg ETF analyst Eric Balchunas wrote that among all 10,698 registered funds in the United States (including ETFs, mutual funds, and closed-end funds), BlackRock IBIT currently ranks second in year-to-date inflows. According to Farside Investors data, since the launch of the Bitcoin spot ETF, BlackRock IBIT has accumulated a net inflow of US$15.4786 billion.
According to Farside Investors data, GBTC had a net outflow of $139.4 million yesterday, and since the launch of the Bitcoin spot ETF, GBTC has accumulated a net outflow of $17.1022 billion. According to Coinglass data, GBTC's asset management scale has dropped to $19.443 billion.
Vitalik: PoW is also quite centralized, and PoW is just a temporary stage before turning to PoS
Ethereum co-founder Vitalik Buterin said on the social platform that PoW is also quite centralized. It's just not discussed too much because everyone knows that this is just a temporary stage before turning to PoS. This doesn't even involve how ASICs might be avoided in the first place, just because the upcoming PoS transition means there is no incentive to build them. Greeks.live: Options worth $9.3 billion will expire today, and the market's weakness has led to a sharp drop in IVs of major maturities. According to Greeks.live data, 96,000 BTC options are about to expire, with a Put Call Ratio of 0.68, a maximum pain point of $61,000, and a notional value of $6.2 billion. 990,000 ETH options are about to expire, with a Put Call Ratio of 0.51, a maximum pain point of $3,100, and a notional value of $3.1 billion. This week, the volume of the crypto market has dropped significantly, with Bitcoin and Ethereum fluctuating at low levels. The weakness of the market has led to a sharp drop in IVs of major maturities. Since the halving, Dvol has dropped by as much as 15%. The halving has failed to bring volatility, leading to accelerated selling by a large number of option sellers. ETF funds have recently flowed out, and market sentiment is relatively depressed. Last week, it was mentioned that whales lack confidence in the future market. At present, this trend has not changed, and BTC faces great resistance to return to its historical high.
ConsenSys founder: Any DEGEN tips received will be used to defend the Ethereum ecosystem
Consensys founder Joseph Lubin said on Warpcast that any DEGEN tips received will be used to defend the Ethereum ecosystem. As previously reported, Ethereum infrastructure development company Consensys sued the U.S. SEC, accusing it of "illegal power grabbing" of Ethereum. The company hopes that the federal court will declare that Ethereum is not a security, and any investigation of ConsenSys based on the idea that Ethereum is a security "will violate" the company's Fifth Amendment rights and the Administrative Procedure Act. MetaMask is not a broker under federal law, and MetaMask's pledge service does not violate securities laws, and prohibits the SEC from investigating or taking enforcement actions related to MetaMask's exchange or pledge functions.
BitMEX co-founder Arthur Hayes posted on social media that as the US Treasury Department expects tax revenue to increase the general fiscal account (TGA) by approximately US$200 billion, US Treasury Secretary Janet Yellen is expected to inject a large amount of liquidity into the market when she announces the second quarter of 2024 Treasury bond issuance plan next week.
Hayes proposed three possible options: first, stop issuing Treasury bonds and reduce TGA to zero, which will inject $1 trillion of liquidity into the market; second, transfer more borrowing to short-term Treasury bills, thereby withdrawing $400 billion from the overnight reverse repurchase facility (RRP) to inject liquidity into the market; third, combine the first two practices, do not issue long-term bonds, only issue short-term Treasury bills, and consume TGA and RRP at the same time, which will inject $1.4 trillion of liquidity into the market. Hayes emphasized that the Federal Reserve has become irrelevant, and Yellen's role will become crucial. If any of the above three options occurs, it will drive the stock market up, and more importantly, it will accelerate the return of the cryptocurrency bull market. Hayes called on the market to respect the influence of the "bad girl" Yellen.
Fidelity FBTC had its first net outflow yesterday, with a net outflow of $22.6 million
According to Farside Investors data, Fidelity FBTC saw its first net outflow yesterday, with a net outflow of $22.6 million. BlockBeats previously reported that the U.S. spot Bitcoin ETF had a net outflow of $217.6 million yesterday.
Yesterday's US spot Bitcoin ETF had a net outflow of US$217 million
According to Farside Investors data, yesterday's US spot Bitcoin ETF had a net outflow of US$217.6 million, of which: · BlackRock IBIT net inflow/outflow was 0 · Fidelity FBTC net outflow of US$22.6 million · ARK's ARKB net outflow of US$31.3 million · Franklin Templeton's EZBC net inflow of US$1.9 million · Valkyrie's BRRR net outflow of US$20.2 million · Grayscale GBTC net outflow of US$139 million
Base head Jesse Pollak posted on social media that the total issuance of USDC is currently 33.36 billion, and there are 2.46 billion USDC on the Base network, second only to the Ethereum network (23.85 billion).
El Salvador refutes rumors of Bitcoin wallet hacking
Chivo Wallet, the official cryptocurrency wallet of El Salvador, has denied reports of hacking of its software source code and data of more than 5 million users related to its KYC procedures. The wallet administration clarified that the security of its data has not been compromised. In addition, Chivo responded to the allegations of source code hacking reported by the same entity that disclosed the large database. They stated that the only leaked files came from a Chivo ATM that was stolen on March 21, 2023. The files contained information strictly related to the operation of the ATM and did not contain any personal user data.
Earlier this week, local cybersecurity project VenariX warned the public about the leak through X, and the latest incident involves CiberInteligenciaSV releasing code snippets used in Bitcoin Chivo Wallet ATMs in El Salvador. Previously, a local organization released 5.1 million personal data of Salvadoran citizens, almost covering the entire adult population. The hackers claimed that the action was to punish the Salvadoran government for refusing to cooperate with them.
Funding Express
NFA Labs Receives $10 Million Investment from Quantix Capital
According to Cointelegraph, decentralized hedge fund and decentralized autonomous organization NFA Labs recently reached a cooperation with investment fund and asset management company Quantix Capital. As part of the partnership, Quantix Capital has pledged to invest $10 million in NFA Labs to grow its ecosystem. NFA Labs uses AI to develop advanced trading strategies, combining training and trading components to create a transparent, educational and community-centric platform. The platform aims to enhance the professionalism and security of DeFi and promote the global adoption of DeFi.
Regulatory News
SEC sues Bitcoin mining company Geosyn, accusing its founder of $5.6 million fraud
According to Cointelegraph, the SEC has filed a lawsuit against Bitcoin mining company Geosyn Mining and its co-founder, accusing them of defrauding investors of $5.6 million by falsely reporting the number of crypto mining equipment in operation and using customer funds for personal expenses.
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