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Rhythm Evening News | The total market value of cryptocurrencies fell to 2.432 trillion US dollars, a 24-hour drop of 3.2%; Ant S19, Shenma M30S+ and other series of mining machines have reached the shutdown price
Summarized by AI
Featured News:
1. Bernstein Report: The slowdown in Bitcoin ETF inflows is a short-term pause, not the beginning of a negative trend;
2. Bitcoin fell below $62,000;
3. Ant S19, Shenma M30S+ and other series of mining machines have reached the shutdown price;
4. The total market value of cryptocurrencies fell to $2.432 trillion, a 24-hour drop of 3.2%;
5. MSN opened at $10 on OKX and then fell below $4
Price Observation
WAVES briefly touched $3, up more than 24 hours 16%
According to market data, WAVES briefly hit $3 and is now quoted at $2.809, up more than 16% in 24 hours.
MSN fell below $4, down more than 18% in the past hour
According to OKX market data, MSN fell below $4, now quoted at $3.97, down more than 18% in the past hour.
According to OKX market data, Bitcoin fell below $62,000 and is now quoted at $61,987, down 3.1% in 24 hours.
Ethereum fell back to $3,200, down 3.2% in 24 hours
According to OKX market data, Ethereum fell back to $3,200 and is now quoted at $3,206, down 3.2% in 24 hours.
GAL fell to $3.7, down 21.9% in 24 hours
According to OKX market data, GAL fell to $3.7, and is now quoted at $3.74, down 21.9% in 24 hours.
HNT briefly broke through $5.4, up 15.1% in 24 hours
According to Bitget market data, HNT briefly broke through $5.4, and is now quoted at $5.23, up 15.1% in 24 hours.
ETHFI briefly broke through $4.8 and then fell back, with a 24-hour increase of 13.9%
According to OKX market data, ETHFI briefly broke through $4.8 and then fell back, and is now quoted at $4.52, with a 24-hour increase of 13.9%.
According to OKX market data, MSN opened at $10 and is now quoted at $6.9.
Solana Eco-Meme Coin MANEKI briefly fell below $0.011, a 24-hour drop of 34.8%
According to coingecko data, the price of Solana Eco-Meme Coin MANEKI briefly fell below $0.011, a 24-hour drop of 34.8%, and is currently reported at $0.012.
BlockBeats reminds users that memecoins have no real use cases and their prices fluctuate greatly, so users should pay attention to the risks.
Transaction tracking
A whale deposited 1,300 ETH into Lido after 2 years of silence
On April 29, according to Scopescan monitoring, a whale deposited 1,300 ETH (US$4.1 million) into Lido after 2 years of silence.
Two whales sold $10.2 million worth of MKR in the past 5 hours
According to Spot On Chain monitoring, two whales sold $10.2 million worth of MKR in the past 5 hours.
· Whale 0x09e/0xdbb deposited 3,192 MKR (US$9.15 million) to Binance at an average price of US$2,868 in the past hour, realizing a profit of approximately US$3.54 million (+63%) in 4 months.
· Whale 0x637 sold the last 350 MKR at an average price of about $2,961 3 hours ago for 325 ETH (US$1.04 million).
A whale has deposited 11,892 ETH to Binance in the past 5 hours, equivalent to about $38.07 million
According to @ai_9684xtpa, in the past five hours, a whale has deposited 11,892 ETH to Binance, with a total value of $38.07 million. So far, all long funds in Compound have been sold, with a cumulative profit of about $400,000.
RBN, FET, AAVE top the Smart Money 24-hour inflow list
According to Nansen data, Smart Money's 24-hour Ethereum network capital inflow tracking list is as follows:
RBN: $7.7 million inflow, current price $1.14, 24-hour increase of 4.2%;
FET: $1.37 million inflow, current price $2.14, 24-hour decrease of 3.8%;
AAVE: $880,000 inflow, current price $88.65, 24-hour decrease of 4.02%.
The whale address starting with 0x444 transferred 11,550 ETH to Binance in the past 2 hours
According to Spot on Chain monitoring, the whale address starting with 0x444 transferred 11,550 ETH (about 37 million US dollars) to Binance in the past 2 hours.
However, since March 9, the whale address has completed 3 ETH transactions and lost 4.71 million US dollars (ROI: -4.2%).
A whale spent 400 stETH to buy 598,000 FET
According to Scopescan monitoring, a whale exchanged 400 stETH for 598,000 FET (about 1.32 million US dollars) on 1inch. Currently, the whale holds 1.49 million FET, worth 3.26 million US dollars.
According to Lookonchain monitoring, an address spent 1600 SOL to buy Meme coin COOL and was attacked. At the same time, the project team was also selling tokens. The address cleared the COOL tokens and recovered 532.58 SOL in just half an hour, losing 1,067.42 SOL (about 152,000 US dollars).
A whale address transferred 3,600 ETH to Binance in the past hour
According to on-chain data analyst @ai_9684xtpa, a whale address transferred 3,600 ETH (about 11.53 million US dollars) to Binance in the past hour, and transferred out USDT from Binance.
The whale address starting with 0x444 transferred 1,500 ETH to Binance
According to Scopescan monitoring, a whale address starting with 0x444 withdrew 1,500 ETH (approximately US$4.8 million) from Compound and deposited all of it in Binance.
FTX/Alameda transferred 7.44 million 1INCH to Wintermute's Binance recharge address
According to on-chain data analyst Yu Jin's monitoring, the FTX/Alameda address transferred 7.44 million 1INCH (approximately US$3.13 million) to Wintermute's Binance recharge address 10 minutes ago.
A certain sniper address earned $1.68 million through COOL tokens in just 1 hour
According to Lookonchain monitoring, a certain sniper address or project insiders earned more than 11,800 SOL (about $1.68 million) through CoolCoin (COOL) in just 1 hour.
The address is currently dumping COOL tokens on the market, and it still holds more than 551 million COOL (55.1% of the total supply), worth more than $20 million.
2 wallets (probably belonging to the same person) withdrew funds from MEXC 5 hours ago, spending 35.4 SOL (about $5,000) to buy 574 million COOL.
According to Lookonchain monitoring, insiders turned $6404 into $8.28 million in just 1 day, and now they are selling TIM for profit.
2 newly created wallets spent 44.78 SOL ($6404) to buy 526.6 million TIM (52.66% of the total supply) within 3 minutes of opening the transaction.
Then 526.6 million TIM (currently worth $8.28 million) was transferred to multiple addresses. Now insiders have begun selling TIM in small portions to avoid attention.
Project Updates
The dYdX community has voted to extend the launch incentive program for another 3 months. After the end of Season 4, the incentive program will be extended for an additional 3 months, covering 2 trading seasons. The dYdX community has also agreed to allocate $10 million of DYDX from the dYdX community treasury to reward the launch incentive program.
Ant S19, Shenma M30S+ and other series of mining machines have reached the shutdown price
According to F2pool data, based on the current Bitcoin mining difficulty and the electricity price of $0.06/kWh, the Bitcoin mining machines Antminer S19, Shenma M30S+, Shenma M33S+ and other series have reached the shutdown price.
As of the time of posting, Bitcoin is temporarily reported at $62,334.19, a drop of 9.90% in the past 30 days.
BlockBeats Note: Antminer S19 was released in November 2020;
The Shenma M30S series was released in December 2020.
ZeroLend will conduct ZERO token TGE on May 6, 15% to 17% will be used for airdrops
The multi-chain lending protocol ZeroLend announced that it will conduct a ZERO token TGE (token generation event) on May 6. 15% to 17% of the ZERO supply will be distributed to the community as airdrops, of which 5% will be allocated to Zero Gravity points event participants and 10% to 12% will be distributed through earlyZERO (pre-mined ZERO). These two parts of the distribution will have a 40% upfront, a 3-month cliff, and a 3-month linear release period.
MyShell has launched the first phase of the test network
The decentralized AI content platform MyShell said on the social platform that the first phase of the test network has been launched.
BlockBeats previously reported that on April 19, the decentralized AI content platform MyShell announced the launch of the world's first AI consumer Layer2 network, aiming to connect users, creators and open source AI model researchers. The MyShell Layer2 test network will be launched next week, with AltLayer providing secure deployment.
Etherscan launches potential airdrop monitoring and address security monitoring functions
According to official news, Ethereum browser Etherscan announced the launch of Etherscan Cards, which allows trusted third parties in the Ethereum ecosystem to share useful information about addresses directly on the browser. Initially, it will work with a small number of partners, giving priority to those with a good reputation and relevant use cases.
According to the product screenshots it released, Etherscan Cards can help users monitor eligible but unclaimed ecological airdrops and monitor address security status.
ether.fi: eEth native minting is now integrated into the ParaSwap aggregator
The re-staking project ether.fi officially stated that eEth native minting is now integrated into the ParaSwap aggregator.
meson.network: The first airdrop to miner users will be carried out today
meson.network officials posted on social media that they will start airdropping mainnet tokens to all miners testing their mining system today. The current scale of its miners is between 500,000 and 600,000. The airdrop will be carried out in different stages, and it will take about one to two weeks to complete the airdrop of all tokens. After the airdrop is completed, it will switch to mainnet mining. The first start time will be 3 to 6 hours after the token is first listed on CEX.
BlockBeats previously reported that OKX will list the MSN/USDT trading pair and open trading at 14:00 on April 29.
Klaytn announced that it has integrated LayerZero
According to official news, Klaytn, a Layer 1 network under South Korean Internet giant Kakao, announced that it has integrated LayerZero, enabling developers to expand their applications across 65 blockchains in the fields of DeFi, games, and NFT.
CeFi News
OKX Jumpstart Launches RUNECOIN (RSIC•GENESIS•RUNE)
According to official news, OKX Jumpstart will launch RUNECOIN (RSIC•GENESIS•RUNE). Mining will start at 15:00 on April 29, 2024, Beijing time.
Financing Express
Web3 game startup GFAL completed $3.2 million in seed round financing
Web3 game startup GFAL completed $3.2 million in seed round financing, with investors including Supercell and MitchLasky. GFAL launched the GFAL token in the first quarter of 2023 and raised $4.4 million in funds.
The GFAL team is led by Manel Sort, and team members have held positions in companies such as King Entertainment, Activision Blizzard, ElectronicArts, Netflix, and Digital Chocolate.
Viewpoint data
The open interest of Bitcoin contracts on the entire network reached 30.16 billion US dollars
On April 29, according to Coinglass data, the open interest of Bitcoin futures contracts on the entire network was 482,230 BTC (about 30.16 billion US dollars).
Among them, the open interest of CME Bitcoin contracts was 139,600 BTC (about US$8.71 billion), ranking first;
The open interest of Binance Bitcoin contracts was 109,980 BTC (about US$6.89 billion), ranking second.
On April 29, Ganesh Swami, co-founder of the blockchain data query and indexing platform Covalent, said on the social platform, "As of April 26, 2024, Covalent has completely purchased all CQT tokens held by the FTX bankruptcy administrator (FTX estate). CQT was previously listed on FTX for trading. After FTX went bankrupt, the FTX bankruptcy administrator was trying to find a buyer. Covalent has been trying to work with the FTX bankruptcy administrator for the past few months. They chose to work with a private buyer to purchase all 150 assets they hold instead of selling them all at once. The private buyer bought the assets a month ago and has been selling them on the open market, which has had a negative impact on CQT. Last week Covalent contacted the buyer and conducted a private sale for the entire remaining CQT. CoinShares: Digital asset investment products saw outflows of $435 million last week According to CoinShares data, digital asset investment products saw outflows totaling $435 million for the third consecutive week last week, the largest outflow since March this year, and ETP trading volume fell to $11.8 billion last week. Most of the outflows came from Grayscale, which saw outflows of $440 million, the lowest level in 9 weeks.
Among them, Bitcoin had an outflow of US$423 million, Ethereum had an outflow of US$38 million, Solana, Litecoin and Chainlink had inflows of US$4 million, US$3 million and US$2.8 million respectively.
According to CoinDesk, investment research firm Bernstein said in a research report that the slowdown in Bitcoin ETF inflows is a brief pause before ETFs are more integrated with private banking platforms, wealth advisors and more brokerage platforms, rather than the beginning of a worrying trend. The expectation that Bitcoin prices will reach a high of $150,000 in 2025 remains unchanged, as "unprecedented" ETF demand inflows further confirm this point.
The total market value of cryptocurrency fell to US$2.432 trillion, down 3.2% in 24 hours
According to CoinGecko data, the total market value of cryptocurrency fell to US$2.432 trillion, down 3.2% in 24 hours.
SlowMist founder Yuxian said on the social platform that using the system's built-in input method is a good habit to reduce the attack surface (of course, if the system input method is found to have risks and has not been resolved for a long time, then you have to pay attention). In addition, super sensitive information such as mnemonics/private keys should not be exposed to the Internet.
Previously reported, Shenyu said on the social platform that the cloud input method of up to one billion users may have leaked the input content. If users have entered mnemonics or other sensitive information through input methods such as Baidu, Honor, and Huawei, please take immediate measures to reduce the risk.
Shenyu said on the social platform that up to one billion users' cloud input methods may have leaked their input content. If users have entered mnemonics or other sensitive information through any of the following cloud input methods, please take immediate measures to reduce the risk.
· Nine manufacturers, including Baidu, Honor, Huawei, iFlytek, OPPO, Samsung, and Tencent, were included, and their process of sending user input content to the cloud was analyzed to see if there were security flaws.
· The analysis results pointed out that eight of the nine manufacturers' input method software contained serious vulnerabilities, allowing us to completely crack the encryption method designed by the manufacturer to protect user input content. Some manufacturers also did not use any encryption method to protect user input content.
· Combining this study with the Sogou input method vulnerabilities found in our previous research, we estimate that up to one billion users are affected by these vulnerabilities.
In the past 24 hours, the entire network has exploded $112 million, mainly in long positions
According to Coinglass data, in the past 24 hours, the entire network has exploded $112 million, of which long positions exploded $91.4937 million and short positions exploded $20.2029 million.
The lending volume of the Timeswap pool has exceeded $100 million
According to Timeswap official news, the lending volume of the pool has exceeded $100 million.
Linea TVL reached 714 million US dollars, an increase of 8.46% in 7 days
According to L2BEAT data, Linea TVL reached 714 million US dollars, an increase of 8.46% in 7 days.
SlowMist Chief Information Security Officer 23pds said that the North Korean hacker group Lazarus Group posted a fake Fenbushi Capital member page on LinkedIn, and users are requested to be careful to identify it. Lazarus Group uses the name of investment and conferences for phishing, which will cause losses in crypto assets.
Crypto analysis company Santiment said that the average fee level of the Ethereum network has dropped to only $1.12 per transaction, the lowest daily average cost since October 18, 2023.
Traders shift between sentiment cycles, sometimes feeling like crypto is going to "To the Moon" and other times feeling like it is "Dead", which can be observed through transaction fees. These fees tend to peak at price tops (and sometimes diverge) and return to rest at price bottoms.
With the past 6 weeks of mostly market retracement, lack of demand and network stress could help turn things around for ETH and related altcoins sooner than many may expect.
Regulatory News
As of September 1, Russia will impose strict restrictions on the circulation of crypto assets such as Bitcoin, allowing only the issuance of digital financial assets within its jurisdiction, BeInCrypto reported. The move was led by Anatoly Aksakov, chairman of the State Duma Committee on Financial Markets. This is part of the government's broader efforts to control the crypto ecosystem amid rising geopolitical tensions.
Aksakov said the upcoming law aims to restrict non-Russian cryptocurrency businesses in order to strengthen the dominance of the ruble. The bill will create exceptions for cryptocurrency miners and central bank-backed test projects within the experimental legal framework. This is because cryptocurrency mining significantly increases Russia's tax revenue. However, State Duma deputy Anton Gorelkin clarified that Russia does not intend to ban cryptocurrencies completely. The restrictions will affect the creation of cryptocurrency exchanges and other platforms that provide services for cryptocurrency trading.
South Korea to Officially Establish Investigation Unit Focused on Digital Asset Crimes
The Ministry of Justice and the Ministry of the Interior and Security will begin discussions in early May to promote the Joint Investigation Team for Virtual Asset Crimes to an official unit, according to The World Daily.
The promotion is intended to strengthen the position of the unit, which is currently operating as a temporary agency of the Seoul Southern District Prosecutor's Office and may be disbanded. The change is expected to improve efficiency through the appointment of new prosecutors and budget allocations. The unit, which consists of about 30 experts from seven financial and tax regulators, was established in July 2023 as South Korea's first investigation agency focused on digital asset crimes.
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