Finance
Specials
On-chain Eco
Entry
Podcasts
API/RSS
Social
Rhythm Morning News | EigenLayer token airdrop opens for application on May 10; Hong Kong spot Bitcoin and Ethereum ETF now open for trading
Summarized by AI
Featured News:
1. NIM Network: The mainnet will be launched on Wednesday this week, and the staking function will be introduced;
2. friend.tech postponed the release of v2 to May 3, and the token airdrop can be shared with Key holders;
3. The total number of EigenLayer tokens is 1.67 billion, and 45% of the tokens will be allocated to the community;
4. io.net will postpone the issuance of tokens, and the current version of IO Cloud has bugs and technical problems;
5. The spot Bitcoin and Ethereum ETFs approved by Hong Kong are now open for trading
Price Observation
Base ecological tokens fell across the board, and AERO fell more than 17% in a single day
April On the 29th, according to market information, Base ecological tokens generally fell, including: AERO is currently quoted at $1.10, with a 24-hour drop of 17.7%; BRETT is currently quoted at $0.04, with a 24-hour drop of 16.6%; DEGEN is currently quoted at $0.02484, with a 24-hour drop of 9.6%. COPYCAT is listed on Gate, with an increase of more than 25% from the opening price. On April 29, COPYCAT was listed on Gate today, with a current price of $0.9256, an increase of more than 25% from the opening price of $0.7.
W rose more than 13% in 24 hours, temporarily reported at $0.68
On April 29, according to OKX market data, W briefly rose above $0.69 and is now quoted at $0.68, with a 24-hour increase of 13.59%.
Bitcoin rebounded above $63,000
On April 29, according to OKX market data, Bitcoin rebounded above $63,000, and the 24-hour decline narrowed to 0.71%.
NEON rose more than 20% in a short period of time, temporarily reported at $1.3
On April 29, affected by the news that "Coinbase will launch Neon EVM (NEON)", NEON rose more than 20% in a short period of time, temporarily reported at $1.3.
Aevo Pre-Launch is listed on EIGEN, temporarily reported at US$9.94
On April 30, according to official data, Aevo Pre-Launch was listed on EIGEN, temporarily reported at US$9.94, with a 24-hour trading volume of US$128,706.68.
PENDLE fell more than 11% in 24 hours, temporarily reported at $4.918
On April 30, according to market data, PENDLE fell to $4.529 this morning and is now quoted at $4.918, with a 24-hour drop of 11.18%.
Huaxia, Harvest and Boshi Bitcoin all rose more than 3% in early trading
On April 30, spot Bitcoin and Ethereum ETFs began trading in Hong Kong. Huaxia Bitcoin (03042.HK), Harvest Bitcoin (03439.HK), and Boshi Bitcoin (03008.HK) all rose by more than 3% in early trading. (Jinshi)
Transaction tracking
A whale deposited 33,383 ETH to Binance, equivalent to US$106 million
On April 29, according to The Data Nerd, whale 0x8e6 deposited 33,383 ETH (approximately US$106.36 million) to Binance 30 minutes ago.
On April 29, according to Ember's monitoring, a whale transferred 2,789 MKR (8.07 million US dollars) to Binance in the past 3 hours. The previous purchase price was about 1,833 US dollars, so it is estimated that it has made a profit of 2.96 million US dollars (+58%).
A whale transferred 7,943 ETH to Coinbase 10 minutes ago, or lost $2.72 million
On April 29, according to Ember monitoring, a whale transferred 7,943 ETH (worth approximately $25.02 million) to Coinbase 10 minutes ago. If sold, it is expected to lose $2.72 million.
Grayscale transferred 700 BTC to the Coinbase Prime address, worth approximately $43.58 million
On April 29, according to Arkham data, at 21:43 Beijing time, the Grayscale address transferred 700 BTC to the Coinbase Prime address, worth approximately US$43.58 million.
On April 29, according to monitoring, six whales sold more than 44,000 ETH after the market fell, equivalent to about 140 million US dollars, including:
0x4353 address deposited 10,431 ETH (about 32.66 million US dollars) to Binance;
0x4446 address deposited 11,892 ETH (about 38 million US dollars) to Binance;
FTX/Alameda address deposited 2,000 ETH (about 628 0x488b address sold 3,543 stETH (about 11.23 million US dollars) at an average price of US$3,170, and sold 3,000 wstETH (about 11.07 million US dollars) at an average price of US$3,692; 0x59e9 address deposited 7,943 ETH (about 24.9 million US dollars) to Coinbase; 0xC47f address deposited 5,584 ETH (about 17.5 million US dollars) to Coinbase.
9 ETFs reduced their holdings of 2,302 bitcoins today, equivalent to about $144.8 million
On April 29, according to Lookonchain monitoring, Grayscale reduced its holdings by 2,167 bitcoins (about $136.3 million) today, and currently still holds 298,445 bitcoins (about $18.77 billion).
9 ETFs (including #Grayscale) reduced their holdings by 2,302 bitcoins (about $144.8 million). BlackRock IBIT has not increased its holdings of bitcoin for many consecutive days.
On April 29, according to @ai_9684xt's monitoring, the whale 0x205...Ac621 (suspected Justin Sun address), which had built a position of 14,146 ETH since April 24, transferred 8,170 ETH from Binance again, equivalent to $25.92 million.
So far, the address has increased its holdings by 22,317 ETH at an average price of $3,193, with a total value of $70.8 million.
ARKB had a net outflow of $31.3 million yesterday, and GBTC had a net outflow of $24.7 million
On April 30, according to Farside Investors data, ARKB had a net outflow of $31.3 million yesterday (April 29), exceeding GBTC (net outflow of $24.7 million).
In addition, BITB had a net inflow of $6.8 million, EZBC had a net inflow of $1.8 million, and HODL had no inflow/outflow for 4 consecutive days.
Project Dynamics
Depin Communication Network SendingNetwork will release WatchDog nodes on Linea
On April 29, according to official news, Web3 communication network SendingNetwork plans to release WatchDog nodes on the Linea blockchain. Thanks to Linea's zk infrastructure and strong security culture, it is an ideal choice for this node release.
SendingNetwork is committed to building a decentralized communication network, aiming to rebuild the TCP/IP model through blockchain technology. By using decentralized routers to connect wallet addresses, peer-to-peer communication based on wallet addresses is achieved, where the main responsibility of the WatchDog node is to verify the normal operation of the Edge node and ensure the integrity and security of the network.
NuLink will launch public sale through Fjord Foundry LBP on May 1
On April 29, NuLink, a decentralized solution focusing on data encryption and privacy protection, will launch public sale through Fjord Foundry LBP at 23:00 on May 1. The specific information is as follows:
· Token code: NLK
· Time: May 1 to May 6
· Network: Ethereum
· Supply: 35 million
Ethereum client Nethermind will launch a $1 million Starknet Grants program
On April 29, according to official news, Ethereum client Nethermind will launch the Starknet Grants program, with a Grant pool size of $1 million, which will be used to support applications and products on Starknet.
Kamino will open token claims at 20:00 tomorrow
On April 29, according to the official announcement, Kamino will open token claims at 20:00 tomorrow.
On April 29, according to official news, the Web3 large-scale airdrop project AIRDROP2049, hosted by UXLINK and co-organized by OKX Ventures, Web3port and Trusta Labs, has attracted more than 400,000 users. 50 popular Web3 project parties jointly launched a large-scale airdrop event on the X platform. Since its launch, the #AIRDROP2049 tag has been viewed more than 1 million times. The two online Twitter Space live broadcasts held last week attracted more than 75,000 users to listen, and more than 100 KOLs around the world participated in the airdrop event forwarding. This event continues to be hot and may continue until mid-May.
On April 29, Vitalik Buterin wrote an article introducing efficient proofs for binary fields "Binius", and expects more improvements in binary field-based proof technology in the coming months. Binius uses many mathematical tricks that make it very different from SNARKs and STARKs from three years ago.
Vitalik Buterin also introduced why small fields make proof generation more efficient, why binary fields are uniquely powerful, and the tricks that Binius uses to make proofs for binary fields work efficiently.
Tiger Global-invested Web3 talent network Braintrust launches AI recruitment platform
On April 29, Fortune magazine reported that Web3 talent network Braintrust launched AI recruitment platform AIR. It is reported that the platform can interview top candidates and ask questions according to customer requirements through live dialogue process. Finally, AIR creates a scorecard for candidate performance and recommends the best job seekers, and hiring managers can review the interview.
Chainlink VRF v2.5 has been launched on mainnets such as Ethereum, Arbitrum, and Polygon
On April 29, according to official news, Chainlink has completed the VRF v2.5 upgrade to expand the verifiable randomness on the chain. Chainlink VRF v2.5 has been officially launched on Arbitrum, Avalanche, BNB Chain, Ethereum and Polygon mainnets.
Payment giant Stripe announced the integration of the Avalanche network
On April 29, payment giant Stripe announced the integration of the Avalanche network. The integration allows users to seamlessly access crypto products and decentralized applications, such as decentralized trading platforms and NFT platforms running on Avalanche.
At the same time, users can use debit or credit cards in the Avalanche ecosystem wallet Core to purchase Avalanche's native AVAX coins, and Stripe will be responsible for all matters related to KYC.
NIM Network: The mainnet will be launched this Wednesday, and the staking function will be launched
On April 29, according to official news, the Dymension-based AI game chain Nim Network announced that it will launch the mainnet this Wednesday (May 1) and launch the token staking function.
According to its token economics, the initial circulation of NIM is 18% of the total. The issuance rate of NIM tokens is set at an annual interest rate of 4%, half of which will be distributed as staking rewards and half will be locked in a community-managed pool.
On April 29, Yala, a DeFi project for Bitcoin liquidity and its native stablecoin, will hold the Bitcoin Odyssey event in Hong Kong on May 9, together with important ecological projects and capital such as Alex, Botanix, Polyhedra, and Stacks. The event will be held during Bitcoin Asia, bringing together many industry builders to discuss the development challenges and opportunities of the Bitcoin ecosystem. At present, many important developers, including Domo, have confirmed their participation in the discussion.
friend.tech postpones v2 release to May 3, shares token airdrops with Key holders
On April 29, the Web3 social platform friend.tech posted that considering community users’ request to share FRIEND airdrops with Key holders when claiming, this is a good idea, so we need more time to achieve this goal and postpone the friend.tech v2 release to 01:30 on May 3, Beijing time.
In addition, the team has produced a digital NFT of the v2 release week poster, which users can get for free on Zora. The physical version of this poster will be exhibited in New York, San Francisco, Los Angeles and Miami.
On April 30, The Block reported that the total supply of EigenLayer tokens at the time of release was 1.67 billion. The foundation has allocated 45% of the tokens to its community. This is further broken down into pledge airdrops (15%), community programs (15%), and ecosystem development (15%).
In addition, 29.5% of the tokens have been allocated to investors, while early contributors will receive 25.5%. The total lock-up period for investors and early contributors is three years. The first year involves a full lock-up, followed by a gradual release of their total holdings at a rate of 4% per month over the next two years.
In the first season, the Foundation will distribute 5% of the token supply to users based on a snapshot of staking activity on March 15, 2024. Of this first season's distribution, 90% of the tokens will be issued to eligible re-stakers on May 10th - there is a 120-day claim window. The final 10% will be issued in the second phase of the first season, which will take place a month later.
Eigenlayer releases whitepaper on GitHub, EIGEN serves as a universal inter-subject work token
On April 30, Eigenlayer released a white paper on GitHub and introduced the structure of the EIGEN token. EIGEN can act as a general intersubjective work token. A work token is a token that needs to be pledged (i.e. locked) to perform certain work.
EIGEN enhances the set of active verification services (AVS) that can be protected by EigenLayer, and has a completely complementary role to ETH, that is, ETH staking supports objective fault reduction, and EIGEN staking supports intersubjective fault reduction.
EigenLayer airdrop query website is now online
On April 30, according to market news, the EigenLayer token airdrop query website is now online.
Dune official account was attacked, and there is no plan to airdrop or issue tokens at present
On April 30, blockchain data analysis platform Dune posted that its account had been attacked before. A false post about Dune airdrop lasted for about 15 minutes, and the Dune team has now regained control of the account.
Dune reminds users that there is no plan to airdrop or issue Dune tokens at present, and users should be careful not to be deceived.
Moonbirds turns to copyright protection after being acquired by Yuga Labs
On April 30, about two months after being acquired by Yuga Labs, Moonbirds announced a U-turn. This NFT series will now strengthen the rights of holders when commercializing individual Moonbirds.
On April 30, Ahmad Shadid, founder and CEO of Solana Ecosystem DePIN Protocol io.net, posted that several users have found some important bugs and technical problems in the current version of IO Cloud. The team is working hard to fix these reported problems. The team is adjusting its plans for the next few weeks as follows:
1. A transparent proof-of-work process has been implemented to verify all devices in the network, and these logs will be shared publicly starting this week;
2. A public issue list will be published and maintained on the official website before the weekend, including a form for users to submit new issues. Reporting new bugs will receive a certain bounty, and will transition to a full bug bounty program in the next few weeks;
3. The token release has been postponed until the vulnerability is resolved. The official is working with suppliers to reconnect to the network, and the process is expected to take about two weeks. The team is committed to making the core platform stable and working properly before launching the token. This is in the best interests of suppliers, users and the community;
4. Resources will be invested to calculate and display the rewards received by suppliers in March and April, and the rewards for May will be updated in real time in IO Worker;
5. Efforts will continue to be made to achieve more intuitive, transparent and clear indicator reporting in the browser. The team has been asked to revise the metric names and add tooltips to avoid confusion.
MistTrack: ZKasino transfers Rug Pull funds to three addresses
On April 30, data tracking platform MistTrack monitored that Hyperchain infrastructure layer ZKasino began to transfer part of the Rug Pull funds, transferring approximately 3010 ETH to each of the three addresses.
CeFi News
Bitget will list Renzo (REZ) at 20:00 tomorrow and launch the CandyBomb-REZ prize pool
On April 29, Bitget will list Renzo (REZ) in the Innovation Zone and DeFi Zone. The deposit channel is now open, and the trading channel will be open at 20:00 tomorrow.
In addition, Bitget will launch the CandyBomb special event. During the event, you can complete designated tasks such as deposits and invitations to obtain REZ. The total prize pool includes REZ worth US$22,000. The event time is from 19:00 on May 1 to 19:00 on May 7 (UTC+8).
Coinbase adds QCAD (QCAD) to the coin listing roadmap
On April 30, Coinbase Assets announced that it would add QCAD (QCAD) to the coin listing roadmap.
Coinbase will list Neon EVM (NEON)
On April 29, Coinbase will add support for Neon EVM (NEON) on the Solana network. If liquidity conditions are met, trading will begin at approximately 12:00 noon EST on April 30, 2024.
Viewpoint Data
On April 29, according to DefiLlama data, the total market value of stablecoins reached 160.088 billion US dollars, an increase of 0.73% in the past week. Among them, the issuance of UDST reached 110.328 billion US dollars, with a market share of 68.92%.
On April 29, Matrixport said in its latest report that Bitcoin's average funding rate (annualized) has turned negative, which is a real challenge for cryptocurrency hedge funds seeking arbitrage, but it also shows that futures traders are reluctant to deploy large amounts of new capital. The reason may be the uncertainty of futures traders about the upside of prices in the current environment.
On April 29, Bernstein analysts said on Monday that this trend will be a "short-term pause" before Bitcoin resumes its bull market at the end of 2025 and moves towards the $150,000 target. Analysts said that it will take time for Bitcoin to become an acceptable portfolio allocation recommendation, and it will take time for the platform to establish a compliance framework to sell ETF products.
At the same time, the report reiterated the Bitcoin cycle target of $150,000 by the end of 2025, citing the net inflow of $12 billion to date into spot Bitcoin ETFs, as well as the health of top Bitcoin miners after the halving amid market consolidation and normalization of transaction fees at around 10% miner revenue.
Matrixport: Bitcoin may fall back to the $52,000 range if it falls below $62,000
On April 29, Matrixport posted on its social platform that the market urgently needs a positive catalyst. If Bitcoin fails to successfully test the $62,000 support line, it may open the door to a sharp drop in prices.
In late February, Bitcoin gained nearly $10,000 in five trading days. Previous gains could be at risk if the $62,000 support line fails to hold.
On April 29, according to The Block Pro, ZACHXBT said that Lazarus Group had laundered $200 million in stolen cryptocurrency into legal tender in four years.
On April 30, according to The Block, MicroStrategy released the latest data on its bitcoin holdings and its first quarter 2024 financial report on Monday. The company currently holds a total of 214,400 bitcoins, with a total value of $7.54 billion, or an average price of $35,180 per token.
The quarterly report states that since the end of the fourth quarter, the company has purchased 25,250 bitcoins at a price of $65,232 each, totaling $1.65 billion. In the first quarter of this year, MicroStrategy had revenue of $115.2 million, down 5% year-on-year.
Saylor noted in a social media post that the company purchased an additional 122 BTC in April, spending $7.8 million. As of March 31, MicroStrategy reported holding 214,278 BTC. The company may have purchased 32 BTC after March 19, when it disclosed holding 214,246 BTC.
Financing Express
On April 29, biotechnology company Blackrock Neurotech announced that it had received a $200 million strategic investment from Tether Evo, a venture capital firm under the stablecoin issuer Tether.
After this round of investment, Tether became the majority shareholder of Blackrock Neurotech. This investment will help Blackrock Neurotech fund the commercialization and promotion of its medical solutions and support its research and development work. (The Block)
On April 29, the cryptocurrency trading ecosystem LazyBear announced the completion of a $4 million strategic round of financing, which was participated in by Gogeko Labs, DWF Labs, Shadow Labs, Salad Labs, Bees Network, REI Network and others.
LazyBear is a low-fee cryptocurrency trading ecosystem for retail traders.
Regulatory News
Canadian Prime Minister proposes capital gains tax on stocks and cryptocurrencies
On April 29, according to Finbold, Canadian Prime Minister Trudeau proposed a new capital gains tax, which will range from 50% to 67%, depending on the taxpayer's income bracket. According to the Canada Revenue Agency website, common capital property includes villas, securities (such as stocks, bonds, cryptocurrencies and mutual fund trust units), land and buildings.
Starting on June 25, the proposed changes will affect individuals with capital gains of more than 250,000 Canadian dollars per year. Most of the gains of companies and trusts will also face increased tax obligations.
Ten EU countries have begun legislation to promote the incorporation of MiCA into national laws
On April 29, CoinDesk reported that at least 10 EU countries are or have already formulated national legislation to promote the incorporation of the Digital Asset Market Act (MiCA) into national laws.
MiCA requires national regulators to issue licenses to and supervise crypto service providers. Policy observers say the EU will implement its MiCA by the end of this year, and companies that want to do business in the EU should pay close attention to the actions of national authorities.
Crypto Service Company BCB Group Obtains French Digital Asset and Electronic Money License
On April 29, CoinDesk reported that crypto service company BCB Group obtained a French digital asset and electronic money license.
BCB said that France's clear rules for responsible innovation in fintech and digital assets, as well as a vibrant banking and financial services ecosystem, are the reasons why the company decided to choose the country as its European regulatory base. The authorization from the French regulator will enable BCB to expand its institutional product offerings in Europe and further enable the company to work with virtual asset service providers (VASPs), TradFi institutions and other market participants.
On April 29, according to Fox Business, according to the relevant legal documents of the SEC's lawsuit against Consensys, the Chairman of the U.S. SEC Gensler has always believed that ETH is an "unregistered security" in the past year and does not comply with current federal regulations.
The U.S. Probation Office recommends a five-month suspended sentence for CZ
On April 29, according to court documents, although the Department of Justice requested a 36-month prison sentence and a $50 million fine for CZ. The Probation Office recommended a five-month suspended sentence in its statement report. At the same time, the defense requested house arrest and probation, and no jail time.
On April 29, according to THE BLOCK PRO, citing court documents, Ethereum infrastructure development company ConsenSys said that the U.S. Securities and Exchange Commission's director of enforcement approved an order to formally investigate Ethereum in March 2023.
On April 29, according to Zhitong Finance, Zhu Haokang, head of digital asset management and head of family wealth at Huaxia (Hong Kong), said that in addition to Grayscale, the remaining 10 U.S. Bitcoin spot ETF issuers issued a total of US$125 million on the first day of issuance on January 10 this year. The initial issuance scale of the three issuers in Hong Kong will exceed this figure, and Huaxia Fund will be the largest among the three.
Ethereum is not defined as a security in Hong Kong, but a non-securities virtual asset
On April 29, Wayne Huang, head of OSL ETF and custody business, answered the question of "whether it will affect Hong Kong's Ethereum spot ETF if the United States finally determines that Ethereum is a security" and said that the Hong Kong Securities and Futures Commission has its own set of procedures for whether a virtual asset is a security and whether it can be opened to retail traders, which is not affected by the United States.
The reason why Hong Kong can launch the world's first Ethereum spot ETF is that the United States has multiple departments speaking out at the same time or trying to regulate cryptocurrencies; Hong Kong has already decided who should regulate cryptocurrencies, that is, the Securities and Futures Commission, and the Securities and Futures Commission has given some very clear regulatory frameworks.
FTX debtors reach $450 million settlement with Voyager Digital
On April 30, according to Cointelegraph, with the approval of the bankruptcy judge, FTX debtors reached a $450 million settlement with the bankrupt company Voyager Digital.
In a filing with the U.S. Bankruptcy Court for the District of Delaware on April 29, Judge John Dorsey approved the terms of the agreement between FTX and Voyager, allowing Voyager to settle all claims with FTX as part of a plan to compensate creditors.
On April 30, according to CoinDesk, Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges in a Manhattan court on Monday related to the creation and marketing of a privacy-focused Bitcoin wallet application and coin mixing services.
Rodriguez, 35, and his Samourai Wallet co-founder William Lonergan Hill, 65, were arrested last week and charged with one count of conspiracy to launder money and one count of conspiracy to operate an unlicensed money transmitting business. The maximum sentences for the two charges are 20 years and 5 years, respectively.
Interactive Brokers Launches Hong Kong Spot Bitcoin and Ethereum ETP
On April 30, Interactive Brokers announced the launch of Hong Kong spot Bitcoin and Ethereum exchange-traded products (ETPs).
Hong Kong-approved spot Bitcoin and Ethereum ETFs are now open for trading
On April 30, the first batch of virtual asset spot ETFs issued in Hong Kong were officially listed on the Hong Kong Stock Exchange and opened for trading, including:
Boshi HashKey Bitcoin ETF (3008.HK);
Bosera HashKey Ethereum ETF (3009.HK);
Huaxia Bitcoin ETF (3042.HK);
Huaxia Ethereum ETF (3046.HK);
Harvest Bitcoin Spot ETF (3439.HK);
Harvest Ethereum Spot ETF (3179.HK).
欢迎加入律动 BlockBeats 官方社群：
Telegram 订阅群：https://t.me/theblockbeats
Telegram 交流群：https://t.me/BlockBeats_App
Twitter 官方账号：https://twitter.com/BlockBeatsAsia
