Featured News:

1. Bitcoin has fallen 13.45% in April, and the monthly line may end 7 consecutive positive days;

2. The total market value of cryptocurrencies fell below 2.4 trillion US dollars, with a 24-hour drop of 1.6%;

3. Hong Kong's 6 Bitcoin and Ethereum spot ETFs traded a total of approximately HK$87.58 million on the first day of listing;

4. AnimeCoin: Azuki, Elementals and Beanz NFT holders can participate in Gacha Grab to obtain points to collect Gachapons;

5. Eigen Foundation: Pendle or other DeFi contract users will not be punished in the airdrop distribution, and the second season will consider participating users after the March 15 snapshot

Price Observation

Bitcoin briefly fell below $62,000

According to OKX market information, Bitcoin briefly fell below $62,000 and is now quoted at $62,003, with a 24-hour drop of 0.53%.

Ethereum briefly touched $3,100

According to OKX market information, Ethereum briefly touched $3,100 and is now quoted at $3,103, with a 24-hour drop of 2.13%.

Azuki floor price increased by 23.88% in 7 days, temporarily reported at 4.93 ETH

According to Blur market information, Azuki floor price increased by 23.88% in 7 days, temporarily reported at 4.93 ETH.

Affected by the positive impact of Animoca Brands, BLIFSTONE NFT floor rose by more than 50% in a short period of time

According to market information, Opal Bitcoin's BLIFSTONE NFT floor rose by more than 50% in a short period of time and is now reported at 0.00945 BTC.

Previously, Animoca Brands stated that all future Bitcoin-based projects will be developed in cooperation with Opal Bitcoin.

Transaction Tracking

MistTrack: Poloniex attackers transferred 501 bitcoins to two newly created addresses

The data tracking platform MistTrack monitors that after 5 months and 20 days, the Poloniex attackers transferred 501 bitcoins to two newly created addresses.

Hong Kong's 6 Bitcoin and Ethereum spot ETFs had a total transaction volume of approximately HK$87.58 million on the first day of listing

The first batch of 6 Bitcoin and Ethereum spot ETF funds launched in Hong Kong had a total transaction volume of HK$87.58 million on the first day of listing, including:

Huaxia Bitcoin ETF (3042.HK) reached HK$37.16 million;

Huaxia Ethereum ETF (3046.HK) reached HK$12.66 million;

Harvest Bitcoin Spot ETF (3439.HK) reached HK$17.89 million;

Boshi HashKey Bitcoin ETF (3008.HK) had a transaction volume of approximately HK$12.44 10,000 Hong Kong dollars;

Harvest Ethereum Spot ETF (3179.HK) reached 4.95 million Hong Kong dollars;

Boshi HashKey Ethereum ETF (3009.HK) reached 2.48 million Hong Kong dollars.

Cumberland received USDT from Tether Treasury again after 6 days and deposited it into the trading platform

According to Lookonchain monitoring, Cumberland received USDT from Tether Treasury again after 6 days and deposited it into the trading platform.

ZKasino transferred 9031 ETH deposited in Lido to 3 newly created addresses 8 hours ago

According to on-chain analyst Ember, ZKasino deposited 10,515 ETH deposited by users into Lido through the 0x791 multi-signature address on April 21 for interest. However, 8 hours ago, these ETH were dispersed and transferred to 3 newly created addresses: 3,011 wstETH (3,509 ETH) was transferred to 0x4c3; 3,010 wstETH (3,507 ETH) was transferred to 0x42d; 3,010 wstETH (3,507 ETH) was transferred to 0x0ab.

A whale has withdrawn 23,782 ETH from Coinbase in the past 9 hours

According to The Data Nerd, 3 hours ago, a whale 0x433 withdrew 5,946 ETH (US$19.17 million) from Coinbase.

In 9 hours, a total of 23,782 ETH (about 76.2 million US dollars) were withdrawn from Coinbase.

A whale withdrew 3.02 million US dollars worth of PEPE and SHIB from OKX half an hour ago

According to The Data Nerd, 30 minutes ago, the whale 0x10Dc withdrew 241.6 billion PEPE (about 1.75 million US dollars) and 53 billion SHIB (about 1.27 million US dollars) from OKX.

In addition, 18 hours ago, another whale address withdrew 329.3 billion PEPE (about 2.32 million US dollars) from Binance and MEXC.

Grayscale transferred 5626 ETH to Flow Traders 4 hours ago

According to Lookonchain monitoring, Grayscale transferred 5626 ETH to Flow Traders 4 hours ago, worth about 17.83 million US dollars.

In the past 3 months, Grayscale has transferred a total of 23,178 ETH to Flow Traders.

Multiple addresses withdrew a total of 2,603 BTC from Coinbase 10 hours ago, equivalent to approximately $166.2 million

According to The Data Nerd, 4 wallets withdrew a total of 2,603 BTC (approximately $166.2 million) from Coinbase 10 hours ago.

Wallet 1Hkn7 withdrew 314.5 BTC (approximately $20 million), and wallets 17H8W, 15msh, and 13XDD withdrew 762.8 BTC (approximately $48.77 million) respectively.

Project Dynamics

Chiliz Chain announces Token Economics 2.0, which will reduce inflation and introduce a destruction mechanism

Alexandre Dreyfus, CEO of sports and entertainment public chain Chiliz Chain, announced on his social platform that Chiliz Chain announced Token Economics 2.0. The new economics sets the inflation rate of CHZ at 8.8% in the first year, which will decrease year by year. In addition, the protocol will also introduce a mechanism similar to EIP-1559, and some CHZ tokens used as gas will be directly destroyed.

Degen: Airdrop 2 Season 3 claim will be launched at 8 pm Pacific Time tomorrow

Base ecosystem project Degen said on its social platform that Airdrop 2 Season 3 claim will be launched at 8 pm Pacific Time tomorrow. The fourth season will also start soon. At the same time, the team said that in order to extend the tipping activity, the tipping subsidy will be gradually reduced.

The merger of Klaytn and Finschia chains is scheduled to be completed by the end of June and the kaia mainnet will be launched

According to official news, Klaytn said that since the Klaytn/Finschia chain merger proposal "Project Dragon" was passed, the two teams have been working hard and published an article today to introduce the new brand kaia. It is reported that kaia is an open source, transparent and permissionless public chain suitable for everyone.

The Klaytn and Finschia teams plan to launch the kaia mainnet at the end of June, and have completed the following tasks so far: established mission/vision, including white paper, strategy, token economics and governance; preliminary work on establishing a new foundation in Abu Dhabi; establishing a new brand image and planning a unified community channel; chain security audit; establishing a bilateral token exchange program between Klaytn and Finschia. Communicate with exchanges that have listed KLAY and FNSA to update their tokens to KAIA.

UniSat: Curse inscriptions are now supported

UniSat Wallet stated on the social platform that UniSat currently supports curse inscriptions. The UniSat Wallet (UniSat App and UniSat Chrome Extension) can now display and securely send Curse Glyphs. The UniSat Marketplace currently supports trading Curse Glyphs.

ELYSIA and DWF Labs Establish Strategic Partnership ELYSIA, the RWA tokenization protocol, announced that it has established a strategic partnership with DWF Labs to jointly develop innovative digital asset solutions and new business models. DWF Labs will support ELYSIA’s expansion in the RWA market through collaboration and support in marketing, business development, technical support and other fields.

AnimeCoin: Azuki, Elementals and Beanz NFT holders can participate in Gacha Grab to earn points to collect Gachapons

AnimeCoin, jointly launched by Arbitrum and Azuki, launches Gacha Grab, where users can activate NFTs. The best way to earn points is to connect your Azuki.com profile that holds Azuki, Elemental or Beanz NFTs. Once you start the game, each of your Azuki, Elementals or Beanz NFTs will start earning points. In order to participate in earning points, the user's NFT must remain unlisted on all trading platforms and must be kept in a wallet.

Moonbirds: Building the "Moonbirds Universe" and will join Mythics with commercial copyright

Moonbirds said on the social platform that it is building the "Moonbirds Universe". Moonbirds will join Mythics in the form of commercial copyright, and will introduce new art directions and 3D images, specially designed for animation, Otherside and other fields.

CyberKongz: Rune 2 DECENTRALIZED airdrop has been completed

NFT project CyberKongz said on the social platform that Rune 2 DECENTRALIZED airdrop has been completed.

According to market information, the unit price of DECENTRALIZED is currently 6.9 sats, and its total market value is 92.21 million US dollars.

Renzo: The first season of airdrops will be open for eligibility inquiry at 18:30 today, and will be available for collection at 19:00

Renzo officials posted on social media that the first season of airdrops will be open for eligibility inquiry at 18:30 today, and will be available for collection at 19:00. The number of qualified users in the first season reached 103,500, and the REZ allocation was 7%.

Eigen Foundation: Pendle or other DeFi contract users will not be penalized in the airdrop distribution, and Season 2 will consider participating users after the March 15 snapshot

The Eigen Foundation issued the following clarification on social platforms regarding the 10% allocation of Season 1 Phase 2 (approximately 7.77 million EIGEN), Pendle and certain other unresolved (DeFi) contracts:

· Users of Pendle or any unresolved (DeFi) contract will not be penalized in the distribution;

· Approximately 10% of the Season 1 allocation, the exact allocation of Phase 2 is 9.28%;

· Season 1 Phase 2 allocations are not predetermined, but reflect the total allocation associated with unresolved (DeFi) contracts.

Binance will support Sei (SEI) network upgrade

According to the official announcement, Binance is expected to suspend the token recharge and withdrawal services of the Sei (SEI) network at 23:30 on April 30, 2024, Eastern Time, to support its network upgrade.

The project party will upgrade the network at block height 73,290,488 (estimated at 00:30 on May 1, 2024, Eastern Time).

TerpLayer will launch the first BRC20 stablecoin TPUSD on BTC in June, supporting BTC transactions on the Bitcoin network

Bitcoin network native asset data parsing protocol TerpLayer will launch the first BRC20 stablecoin TPUSD on BTC in June, supporting BTC transactions on the Bitcoin network. TerpLayer believes that although the Bitcoin ecosystem is becoming increasingly prosperous, there is no native stablecoin yet. With the advancement of BTC Layer 2 solutions, the demand for stablecoins in the ecosystem is becoming increasingly urgent. These stablecoins are expected to serve as a catalyst to accelerate the growth of Bitcoin's DeFi field and unlock the liquidity of main chain capital.

CyberKongz: Rune 2 DECENTRALIZED airdrop has been launched and will be carried out in batches

NFT project CyberKongz said on the social platform that Rune 2 DECENTRALIZED airdrop has been launched and will be carried out in batches.

Japanese financial group SBI cooperates with Ripple to establish a supply chain financial solution based on XRPL

According to Cointelegraph, Ripple announced a strategic partnership with Tokyo consulting firm HashKey DX. As part of the cooperation, the two parties will work with SBI Holdings and Ripple's joint venture SBI Ripple Asia to establish and launch supply chain financial solutions based on XRPL in Japan.

Animoca Brands: All future Bitcoin-based projects will be carried out in cooperation with Opal Bitcoin

Animoca Brands stated on its social platform that the OPAL protocol project Opal Bitcoin, initiated by Darewise and Animoca Brands, will develop into a Web3 ecosystem including games, entertainment, DeFi, education and culture.

OPAL protocol rune token BLIF will power the ecosystem. In addition, all future Bitcoin-based projects of Animoca Brands will be developed in cooperation with Opal Bitcoin.

Taprootchain: Lighting Crystal synthesis function is coming soon

According to official news, Taprootchain is about to launch the Lighting Crystal synthesis function. Lighting Crystal, an NFT that was once minted in 2 hours on Taprootchain, now has a synthesis function, which will be launched at 20:00 tonight. At that time, two green crystals will have a 100% probability of synthesizing higher-level crystals. In the future, Taprootchain will give Lighting Crystal more gameplay and functions.

Currently, the number of active wallet addresses on the TaprootChain mainnet has increased sharply to more than 200,000. TaprootChain is a breakthrough second-layer solution on the Bitcoin network that uses OP-Rollup transformation and simplified verification processes to achieve a seamless experience with the BTC ecosystem.

The world's first user-security-centric RPC service GoPlus SecNet and on-chain personal security center GoPlus SecHub are officially launched

According to official news, GoPlus officially launched the world's first user-security-centric RPC service GoPlus SecNet and on-chain personal security center GoPlus SecHub. Users only need to add secure RPC and configure personalized on-chain transaction security policies in the GoPlus SecWareX on-chain personal security center to obtain seamless real-time transaction security detection and risky transaction interception services. The main coverage scenarios include black address interaction interception, Pixiu transaction interception, gas abuse interception, phishing interception, risk authorization interception, MEV protection, etc., to establish a solid on-chain transaction firewall for Web3 users. At present, GoPlus will first support ETH and BNB mainnets, and will cover multiple mainstream blockchain networks in the future, and launch more security services and advanced customization and expansion functions to bring users a new security experience and imperceptible security protection, becoming an indispensable security risk control layer for the connection between chains and users.

Renzo Season 1 Airdrop is now open for inquiry

According to the official website, Renzo Season 1 Airdrop is now open for inquiry. According to previous news, the airdrop will be available for collection at 19:00.

CeFi News

ZhongAn Bank: Retail virtual asset trading is about to be launched

According to 21 Finance, ZhongAn Bank (ZA Bank) said that the bank's customer deposit balance in the first quarter of 2024 increased by 50% compared with the previous quarter, and plans to launch retail virtual asset trading.

Coal mining company Alliance Resources uses excess electricity to mine $30 million worth of Bitcoin

Nasdaq-listed coal miner Alliance Resources said in an earnings call that it has mined $30 million worth of Bitcoin using excess electricity.

The company began mining Bitcoin as a pilot project in the second half of 2020 and had 425 Bitcoins on its balance sheet at the end of the quarter, valued at $30 million, the company's chief financial officer said.

Binance will launch ENA, ETHFI and 1000BONK USDC-based perpetual contracts, with a maximum leverage of 50 times

According to the official announcement, the Binance contract platform will launch ENAUSDC, ETHFIUSDC and 1000BONKUSDC perpetual contracts at 15:00 (Eastern Time Zone 8) on May 2, 2024, 15:15 (Eastern Time Zone 8) on May 2, 2024, and 15:30 (Eastern Time Zone 8) on May 2, 2024, with a maximum leverage of 50 times.

OKX will launch RSIC•GENESIS•RUNE (RUNECOIN) spot trading

According to the official announcement, OKX will soon launch RSIC•GENESIS•RUNE (RUNECOIN). The specific time schedule is as follows:

· RUNECOIN deposit opening time: April 30, 11:00 am (UTC+8)

· RUNECOIN/USDT opening time: April 30, 6:00 pm (UTC+8)

· RUNECOIN withdrawal opening time: May 1, 6:00 pm (UTC+8)

Viewpoint data

Bitcoin has fallen 13.45% in April, and the monthly line may end 7 consecutive positive days

According to OKX market information, Bitcoin is now at $61,705, having fallen 13.45% in April. So far, its monthly line may end its 7-day winning streak.

The total market value of cryptocurrencies fell below $2.4 trillion, with a 24-hour drop of 1.6%

According to CoinGecko data, the total market value of cryptocurrencies fell below $2.4 trillion, now at $2.394 trillion, with a 24-hour drop of 1.6%.

Huaxia Fund CEO: Hong Kong Crypto ETF opens the door to alternative investments for RMB holders

In an interview with Bloomberg, Li Yimei, CEO of Huaxia Fund, said that the Hong Kong crypto ETF opens the door to alternative investments for RMB holders, and hopes that mainland Chinese investors will have "new opportunities to participate in this process" in the future.

The initial offering sizes of Hua Xia Bitcoin ETF and Hua Xia Ethereum ETF were HK$950 million and HK$160 million respectively

As of April 29, the initial offering sizes of Hua Xia Bitcoin ETF and Hua Xia Ethereum ETF were HK$950 million and HK$160 million respectively, ranking first in terms of initial offering size. (Cailian Press)

Data: Pendle TVL dropped to $4.342 billion, down 13.77% in 7 days

According to DeFiLlama data, the total TVL of DeFi yield market Pendle dropped to $4.342 billion, down 13.77% in 7 days.

Yesterday, the US spot Bitcoin ETF had a net outflow of $51.6 million

According to Farside Investors data, the US spot Bitcoin ETF had a net outflow of $51.6 million yesterday.

ARKB had a net outflow of $31.3 million, exceeding GBTC (net outflow of $24.7 million). BlackRock IBIT has had no inflows/outflows for four consecutive days.

Harvest CEO: The response to virtual asset spot ETFs exceeded expectations, and the development potential is higher than that of the United States

Han Tongli, CEO and Chief Investment Officer of Harvest International, said that the current market response to the subscription of virtual currency spot ETFs is enthusiastic, even exceeding his expectations. Han believes that Hong Kong's financial system and legal system can be seamlessly integrated with the global market, and virtual asset spot ETFs can accept physical subscriptions and redemptions, with advanced design. It is expected that Hong Kong's virtual asset development potential is even higher than that of the United States. (Sing Tao Headline)

Broker Canaccord lowers MicroStrategy's target price and maintains a buy rating

Broker Canaccord Genuity said in a research report on Monday that it lowered MicroStrategy's target price from $1,810 to $1,590, while maintaining a buy rating.

The report said the main drivers of the new target price are the continued appreciation of Bitcoin and some revaluation of the software business. Although MSTR is currently profitable on its Bitcoin holdings, this will not trigger a sustained rise in Bitcoin prices and become an upward driving force at current price levels.

In the past hour, the entire network has been liquidated for $19.71 million, mainly in long positions

According to Coinglass data, in the past hour, the entire network has been liquidated for $19.71 million, of which long positions have been liquidated for $19.48 million.

Financing Express

Chakra, a Bitcoin re-pledge protocol, completes a new round of financing, with StarkWare and others participating

Chakra, a Bitcoin re-pledge protocol based on zero-knowledge technology, announced the completion of a new round of financing, with StarkWare, Bixin Ventures, Cogitent Ventures, Trustless Labs and others participating. The specific amount and valuation information have not been disclosed.

Chakra allows users to retain asset ownership while pledging Bitcoin, allowing users to participate in the consensus and governance of PoS blockchains (including Bitcoin L2), and promotes the creation of derivatives that interact with DeFi applications.

Full-chain NFT protocol Holograph completes US$2.8 million in financing, led by Mechanism Capital and Selini Capital

Holograph, a full-chain NFT protocol in the LayerZero ecosystem, announced the completion of a new round of strategic financing of US$2.8 million, led by Mechanism Capital and Selini Capital, with participation from Northrock Capital from Hal Press, Arca, Courtside Ventures and Hartmann Capital. As of now, the project's total financing has reached US$11 million.

NFT integration protocol STYLE Protocol completed $2.5 million in seed round financing, Morningstar Ventures and others participated in the investment

Game NFT integration protocol STYLE Protocol announced the completion of $2.5 million in seed round financing, Morningstar Ventures, Dutch Crypto Investors, GBV Capital, Protocol Labs, Alpha Ventures and others participated in the investment.

STYLE Protocol aims to unlock the potential of NFTs by integrating them into various games or metaverses, and can convert 2D images or NFTs into 3D assets to participate in games. The protocol currently supports Ethereum, Polygon, Binance Smart Chain, and Solana chains. (Blockchain Reporter)

Celestia staking protocol MilkyWay completes $5 million in financing, Binance Labs and Polychain Capital co-lead the investment

According to The Block, Celestia's ecological liquidity staking protocol MilkyWay has completed $5 million in financing, led by Binance Labs and Polychain Capital, with Hack VC, Crypto.com Capital, and LongHash Ventures participating in the investment.

It is reported that the structure of this round of financing is a simple agreement for future equity (SAFE) and token warrants for the joint lead investors, and a simple agreement for future tokens (SAFT) for participating investors.

Regulatory News

CZ sentencing hearing will begin at 0:00 on May 1, CZ lawyer will request probation

According to Reuters, CZ's sentencing hearing began at 9 a.m. Pacific Daylight Time on Tuesday (0:00 on May 1, Beijing time).

CZ's lawyer requested probation on the grounds that CZ "unflinchingly" accepted responsibility and had paid a $50 million criminal fine. They also said that CZ had never committed a crime before and that no defendant in similar cases had ever been jailed.

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