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Rhythm Evening News | US Bitcoin spot ETF had a net inflow of US$62 million yesterday; EigenLayer TVL exceeded US$15 billion

BlockBeats-Article2024/04/23 11:04
By:BlockBeats-Article

Featured News

1. US Bitcoin spot ETF had a net inflow of US$62 million yesterday

2. Data: EigenLayer TVL exceeded US$15 billion

3.Upbit will list BIGTIME and AKT

4. SAFE market makers may be Flow Traders and GSR Markets

5. Asset management giant Bitwise: Bitcoin is expected to continue to test new highs in the next 12 months


Price Observation


Akash Network (AKT) broke through US$6, with a 24-hour increase of more than 45%

According to market information, Akash Network (AKT) broke through US$6 and is currently quoted at US$6.02, with a 24-hour increase of 45.6%.


Bitcoin Rune No. 4 RUNIX briefly broke through $0.017, up more than 380% in 2 hours

According to market data, Rune No. 4 RUNIX issued by BVM briefly broke through $0.017, temporarily reported at $0.0168, up more than 380% in 2 hours.


SAFE Chain Opening Price $2.42

According to information on the chain, SAFE Chain temporarily opened at $2.42.


Affected by the news of Upbit listing, AKT rose by more than 36% to $5.51 in a short time.

According to CoinGecko data, affected by the news of Upbit listing, AKT rose by more than 36% to $5.51 in a short time.


Affected by the news of Upbit listing, BIGTIME rose by more than 25% to $0.2574 in a short time.

According to CoinGecko data, affected by the news of Upbit listing, BIGTIME rose by more than 25% to $0.2574 in a short period of time.


MAD LADS floor price briefly fell below 100 SOL, with a 24-hour drop of 8.77%

According to market data, MAD LADS NFT floor price briefly fell below 100 SOL, and is now reported at 100.2 SOL, with a 24-hour drop of 8.77%.


PENDLE broke through 6.8 US dollars, up more than 16% in 24 hours

According to market data, PENDLE broke through 6.8 US dollars and is currently quoted at 6.804 US dollars, up more than 16% in 24 hours.


Transaction Tracking


A newly created address withdrew 500 bitcoins from Binance 1 hour ago

According to Lookonchain monitoring, a newly created address withdrew 500 bitcoins from Binance 1 hour ago, worth approximately US$33.07 million


A certain address continuously traded meme coins, with a total winning rate of less than 33%, but still made a profit of more than US$2.2 million

According to Lookonchain monitoring statistics, a certain address continuously traded Solana ecosystem meme coins such as MONEKI and BOME.


It has traded about 60 tokens in the past 5 months, with a total win rate of less than 33%, but due to the lucrative profits of a few of its tokens, its total profit still reached 2.22 million US dollars.


A whale withdrew 5,827 ETH from Coinbase 2 hours ago, equivalent to about 18.65 million US dollars

According to The Data Nerd, 2 hours ago, a whale named 0x363 withdrew 5,827 ETH (about $18.65 million) from Coinbase.


In the past 24 hours, he withdrew 9,714 ETH (about $31.07 million) from Coinbase, with an average price of $3,199.


Data: Since April 8, the suspected Justin Sun address has bought a total of 132,054 ETH, about $420 million

According to Lookonchain, 0x4359 (likely Justin Sun's address) withdrew 4,666 ETH (about $14.91 million) from #Binance again 6 hours ago.


Since April 8, Justin Sun has purchased 132,054 ETH ($420 million) at an average price of $3,173.


A whale withdrew 124.54 BTC from Coinbase 10 minutes ago, equivalent to $8.32 million

According to The Data Nerd, 10 minutes ago, a whale 11rcj withdrew 124.54 BTC (8.32 million US dollars) from Coinbase.


In the past 5 hours, the whale withdrew a total of 317.35 BTC (about $21.16 million) from Coinbase.


Justin Sun's associated address withdrew 45 million USDT from JustLend 4 hours ago and transferred it to Binance

According to @ai_9684xtpa's monitoring, four hours ago, Justin Sun's associated address TYvDw withdrew 45 million USDT from JustLend and recharged it to Binance through the transit address.


Justin Sun has transferred a total of 95 million stablecoins to Binance in the past two days.


Cobo transferred 520 BTC to Binance 2 hours ago, equivalent to 34.85 million US dollars

According to @ai_9684xtpa monitoring, two hours ago, Cobo recharged 520 BTC to Binance, worth 34.85 million US dollars.


Project Dynamics


TON: Now supports users to purchase USDt-TON through the wallet in Telegram

TON announced that users can now purchase USDt-TON through Wallet in Telegram. Users open Telegram and go to Wallet in Telegram, select "Add Cryptocurrency" and select a payment method, including bank card or P2P market, select USDt-TON and specify the purchase amount in USDt or the equivalent local currency.


WANKO•MANKO•RUNES, the rune with the most casters, is now worth $1.21 million, with a casting cost of about $58,000

According to SatoSea data, the rune WANKO•MANKO•RUNES, the rune with the most casters, cast 254 runes at a cost of $58,000. Based on the current market price of $0.48, this batch of runes is now worth $1.21 million.


Previously, the rune WANKO•MANKO•RUNES received a positive response from Casey, the founder of Ordinals, who also retweeted the rune-related tweets many times.


Solana Ecosystem Meme Coin MANEKI Trading Volume Exceeds 200 Million US Dollars, Market Value Has Reached 84 Million US Dollars

According to market information, Solana Ecosystem Meme Coin MANEKI was launched at 22:57 last night, and its trading volume has reached 221 million US dollars so far. The currency price is currently reported at 0.009368 US dollars, and the market value is 84 million US dollars.


The official website information shows that the meme coin is in the image of "Lucky Cat", and there is no pre-sale of tokens and no team share.


BlockBeats reminds users that meme coins have no actual use cases and the price fluctuates greatly, so users should pay attention to the risks.


Arkham: Millions of dollars worth of tokens are "forgotten" in various cross-chain contracts, including Vitalik-related addresses

Arkham released a report saying that dozens of whale addresses were found to have "dormant" tokens worth millions of dollars in various cross-chain contracts, including addresses related to Ethereum co-founder Vitalik Buterin.


In addition, a wallet address named thomasg.eth left about $800,000 in Arbitrum's native cross-chain bridge and has not moved for nearly two years. Another Ethereum address associated with an entity called Bofur Capital has about 27 WBTC ($1.8 million), and these tokens have not been transferred from the Arbitrum bridge for more than two years.


SAFE market makers may be Flow Traders and GSR Markets

According to @ai_9684xtpa, 11 hours ago, Flow Traders and GSR Markets received tokens from the multi-signature address of the SAFE project, and recharged 2.5 million tokens to CEX in the past hour, including:


Flow Traders: 6.2 million;


GSR Markets: 3.5 million.


Safe announced that SAFE tokens are transferable

According to official news, Safe announced that SAFE tokens are now transferable.


It is reported that the SAFE token contract address is 0x5aFE3855358E112B5647B952709E6165e1c1eEEe, with a total of 1 billion and an initial circulation of 427 million.


Eigenpie integrates with ssv.network to provide ETH native re-staking

According to official news, Eigenpie, a SubDAO organization under the multi-chain yield protocol Magpie that provides liquidity re-staking services, announced its integration with ssv.network to provide users with ETH native re-staking. By decentralizing the verification process, the reliability and potential returns of staking operations are improved, allowing ETH stakers to utilize their assets with greater efficiency.


Some users reported that Runes were destroyed in transactions, and the team has investigated and resolved this issue

UniSat posted on the social platform that some users recently reported that their runes were destroyed during transactions. The developers immediately investigated this and confirmed that the situation was true. The team has proactively resolved two separate issues to prevent such problems from happening again on the UniSat market. Users can now trade safely on the UniSat market. Users who encounter this problem can submit a ticket on the UniSat Discord, and the support team will provide assistance.


Reya Network has launched liquidity generation activities

Modular L2 Reya Network stated on the social platform that it has launched liquidity generation activities (LGE). Users can deposit funds to Reya Network to support the launch of the network before the transaction goes online, accumulate XP, and those who deposit earlier will receive a long-term increase in the XP accumulation rate.


As previously reported, on March 26, Reya Network's parent company Reya Labs announced the completion of a $10 million financing round, which was participated in by Coinbase Ventures, Wintermute, Fabric Ventures, Framework Ventures, Brevan Howard Digital, Amber Group and Robot Ventures. The new funds will be used to promote its liquidity generation activities (LGE) in April. Reya Network is committed to creating liquidity, capital efficiency, and performance for DeFi traders and liquidity providers. The first DEX on the network, Reya Perps DEX, is about to be launched.


PancakeSwap launches limit order and time-weighted average price order functions

According to official news, the decentralized trading platform PancakeSwap announced the launch of limit orders and time-weighted average price (TWAP) order functions.


ZeroLend launches points system and opens Chapter 1

According to official news, the multi-chain lending protocol ZeroLend announced the launch of the points system Zero Gravity Program, which will be divided into 3 Voyages, each Voyage includes 3 Chapters.


Currently, Chapter 1 Ignition (the other two Chapters are LiftOff and Boost) of the program has been launched for Voyage 1: Zero to Zillion, and the activity time is April 11-April 29. The team has reserved 10% of the total ZERO airdrop for Voyage 1, of which Chapter 1 will allocate 5% of the total airdrop.


Dune has now integrated the social protocol Lens Protocol

Official news, the blockchain analysis platform Dune Analytics has now integrated the social protocol Lens Protocol data.


The relevant dashboard shows that a total of 295,692 Profiles and 290,906 Handles have been created on Lens, and 13,359,911 Publications and 31,522,368 Reactions have been conducted. In addition, the average number of interactive users per day is 11,539.


Institutional-level asset management platform MSafe launches Sui DApp store to enhance Sui ecological security

Institutional-grade asset management platform MSafe announced the launch of a DApp store based on the Sui network. The app store now supports Sui ecosystem head DeFi projects such as Navi Protocol, Scallop, Cetus, Turbos Finance, and will integrate more applications in the next phase. By creating an MSafe multi-signature account, users can easily access and interact with these applications.


The launch of this feature is expected to bring a higher level of security to the Sui ecosystem. In addition, MSafe also provides business support for token minting and destruction for OndoFinance, a leader in the real world asset (RWA) industry with a market value of US$1.3 billion, to help it manage core assets such as USDY safely and easily.


It is reported that MSafe is an institutional-grade asset management platform founded by experienced blockchain and digital asset wallet developers and headquartered in Silicon Valley. MSafe is supported by well-known investors in the Web3 and Web2 fields such as Jump Crypto, Circle Ventures, Coinbase Ventures, Superscrypt, Redpoint Ventures, SV Angel, Shima Capital and Spartan Group.


StarkWare Product Manager: Starknet plans to introduce parallelization in the next upgrade, and TPS is expected to increase 3-10 times

Louis Guthmann, head of product and market strategy at StarkWare, said in a post that Starknet will introduce parallelization in the next upgrade.


By adding Block-STM (a parallel execution engine already adopted by Aptos) to the sorter, network performance is expected to increase from 100 TPS to 300-1000 TPS, which means a 3-10 times increase.


Meteora: The UI interface will be temporarily offline for maintenance and upgrades, which is expected to take about 4 hours

Solana Ecosystem DeFi platform Meteora announced that it will upgrade its backend infrastructure today, so Meteora's user interface may be temporarily offline at 1 pm, which is expected to last about 4 hours.


Update notifications will be sent when the upgrade starts and completes.


Developer Platform Chainlink Functions is now available on Base

Chainlink's self-service developer platform Chainlink Functions is now available on Base. Chainlink Functions provides smart contract developers on Base with access to trust-minimized computing infrastructure, enabling them to fetch data from APIs and perform custom calculations.


Chainlink Functions is a serverless, self-service developer platform that can be used to test, simulate, and run custom off-chain logic for Web3 applications.


NFT lending protocol Sharky will airdrop to holders such as Mad Lads, and quotas must be confirmed in advance

Solana ecosystem NFT lending protocol Sharky announced that it will airdrop tokens SHARK to Mad Lads and SMB Gen2 holders.


Eligible users must enter the website to book airdrop quotas before 8:00 Beijing time on April 14.


SynFutures launches perpetual contracts such as Degen, ezETH, fwWETH and PAC

SynFutures launches perpetual contracts such as Degen, ezETH, fwWETH and PAC. The second phase of the points competition was launched on April 9. Users can get triple bonuses of Blast points, Blast gold and SynFutures points by providing liquidity and trading. The team has currently issued nearly 1 billion Blast points and nearly 500,000 Blast gold.


Since SynFutures was launched on the Blast mainnet in March, the cumulative transaction volume has exceeded 16 billion, the transaction volume in the past 24 hours has exceeded 1.1 billion US dollars, the TVL has exceeded 70 million US dollars, and the number of transactions has exceeded 12% of the entire Blast network.


SynFutures has received $38 million in financing from top industry institutions such as Pantera, Polychain, Dragonfly, and Standard Crypto, and the agreement has been audited by Quantstamp.


CZ's new project Giggle Academy will launch a Beta version, and the waiting list has been opened

According to official news, CZ's new education project Giggle Academy will launch a Beta version, and the waiting list is now open.


BlockBeats previously reported that CZ said in March that it would launch an education project called Giggle Academy. This project aims to provide free basic education for students from grades 1 to 12. The core concepts include non-profit purposes, gamified learning experience, and adaptive education mechanisms. At the end of March, it said that Giggle Academy already had a fully remote team of 10 people (including part-time and full-time). Project recruitment is still in progress, and the initial plan is to form a team of 15 people.


CeFi News


Bithumb will list Akash Network (AKT) and Ondo (ONDO) in the Korean won market

According to the official announcement, the Korean crypto trading platform Bithumb announced that it will list Akash Network (AKT) and Ondo (ONDO) in the Korean won market.


Earlier today, Upbit announced that it will list Bigtime (BIGTIME) and Akash Network (AKT).


Backpack: io.net airdrop event will be launched from April 23 to May 5

Backpack announced that the io.net airdrop event will be launched from 7 am (UTC time) on April 23 to 7 am (UTC time) on May 5. As with previous events, the number of airdrops will be determined by the user's trading volume.


Binance will add spot trading pairs such as ICP/USDC, OMNI/USDC

According to the official announcement, Binance will add ICP/USDC, OMNI/USDC, ONT/USDC, PEPE/BRL and YGG/TRY spot trading pairs at 14:00 (UTC) on April 24, 2024.


Upbit will list BIGTIME and AKT

According to official news, Upbit announced that it will list BIGTIME and Akash Network (AKT), including:


· BIGTIME supports BTC market and USDT market


· AKT supports KRW market, BTC market and USDT market


Backpack: PRCL trading activity rewards have been issued

Backpack announced on the social platform that the PRCL trading activity rewards have been issued, and users can view them in the Drop panel of Backpack Exchange.


Bitget: "Bitget Pro" is a fraudulent software that uses the Bitget brand, please be cautious

Bitget officially stated that today, the Hong Kong Securities Regulatory Commission issued an announcement on its official website to warn the public to beware of entities operating under the names of "CBEX Group" and "Bitget Pro" suspected of engaging in fraudulent activities related to virtual assets. We hereby clarify that "Bitget Pro" is a fraudulent software that uses the Bitget brand and has nothing to do with the Bitget exchange. Please be cautious, beware of all kinds of phishing websites and applications, and download Bitget's official application through the Apple App Store or Google Play Store.


According to Jinshi, the Hong Kong Securities and Futures Commission issued an announcement on its official website, warning the public to beware of entities operating under the names of "CBEX Group" and "Bitget Pro" suspected of engaging in fraudulent activities related to virtual assets. Investors reported difficulties in withdrawing virtual assets or unauthorized withdrawals. The Securities and Futures Commission suspects that the platform may have deceived investors with forged withdrawal records.


Coinbase Wallet will launch a smart wallet, and developers can apply to join the list of early adopters

Coinbase Wallet tweeted that it will launch a smart wallet, and developers can currently apply to join the list of early adopters.


In addition, according to Dynamic, the Coinbase Wallet smart wallet supports one-click access to DApp (with or without a wallet), no mnemonics, and seamless access for anyone.


Bloomberg: Some creditors of Mt. Gox said they received the latest news about their claims, including the number of tokens to be returned and the repayment date in some cases.

According to Bloomberg, some creditors of the cryptocurrency trading platform Mt. Gox said they had received the latest news about their claims, indicating that the platform is stepping up its efforts to return $9 billion worth of Bitcoin. According to creditors, the update includes information such as the number of digital tokens to be returned and the repayment date in some cases.


"This is the first time we have seen such a repayment status update, which is a good sign and a step in the right direction," said Brian Dixon, CEO of Off the Chain Capital. He also said he had received a repayment date, but declined to disclose it.


Adam Back, CEO of blockchain infrastructure provider Blockstream, said he had received the latest news about the return of tokens, but was waiting for the date.


Binance leverage adds ALPINE, BAR, CITY assets and more FDUSD, USDC, BTC trading pairs

According to the official announcement, Binance Leverage has added Alpine F1 Team Fan Token (ALPINE), FC Barcelona Fan Token (BAR) and Manchester City Fan Token (CITY) full-position leveraged borrowable and collateralized assets, as well as more FDUSD, USDC and BTC full-position and isolated leveraged trading pairs.


Binance will support the Kava (KAVA) network upgrade

According to the official announcement, Binance is expected to suspend the token recharge and withdrawal services of the Kava (KAVA) network at 22:00 on April 24, 2024, Eastern Time 8, to support its network upgrade.


The project will upgrade the network at block height 9,561,866 (estimated at 23:00 on April 24, 2024, Eastern Time 8).


Viewpoint Data


10x Research: Funding rates turned negative for the first time since mid-October last year, and the spot market will determine the trend of this round of rebound

10x Research published an analysis article pointing out that the critical moment is coming. The price of Bitcoin rebounded from $60,000 to $67,500 in four days, almost reaching the bottom line set previously. However, the rebound occurred in four 1-hour time periods and seemed to be driven by several larger orders rather than gradual buying over four days.


As cryptocurrency futures traders have turned cautious, the real test is whether the spot market can drive this rally higher. Although funding rates have risen in the past few weeks, indicating that futures traders are willing to deploy excessive leverage, funding rates have turned negative for the first time since mid-October 2023.


Asset management giant Bitwise: Bitcoin is expected to continue testing new highs in the next 12 months

Bitwise Asset Management has reiterated its bullish view on Bitcoin. Ryan Rasmussen, a researcher at the asset management company, published his views on the future of Bitcoin after the cryptocurrency's fourth halving on Monday. Ryan said that historically, there has been some consolidation in the mining industry after the halving. Some miners are not prepared to deal with the new economic conditions of the mining industry in the post-halving cycle. From a price perspective, the year before and after the halving are the best years for Bitcoin in a three- or four-year cycle, and this has already happened.


Ryan noted that while there is no guarantee the same will happen in the future, “I think we’ll continue to test higher highs in 2024 and 2025.”


Data: EigenLayer TVL exceeds $15 billion

According to DefiLlama data, the total locked value (TVL) of the liquidity re-staking protocol EigenLayer has exceeded $15 billion and is currently $15.294 billion.


Open interest in Bitcoin contracts across the network reached $31.73 billion

According to Coinglass data, the open interest in Bitcoin futures contracts across the network is 478,190 BTC (about $31.73 billion).


Among them, the open interest of CME Bitcoin contracts is 143,220 BTC (about $9.48 billion), ranking first;


The open interest of Binance Bitcoin contracts is 108,520 BTC (about $7.21 billion), ranking second.


US Bitcoin spot ETFs had a net inflow of $62 million yesterday

According to HODL15Capital data, US Bitcoin spot ETFs had a net inflow of $62 million yesterday.


Financing Express


Uncharted Completes $1.7 Million Seed Round of Financing, Shima Capital Leads Investment

Cryptocurrency game layer Uncharted announced that it has completed a $1.7 million seed round of financing, led by Shima Capital, with participation from The Spartan Group, Double Peak Group, Devmons, 32-Bit Ventures, LiquidX and others.


It is reported that Uncharted currently mainly provides a platform for game creators and studios, and owns a game studio and a product center to support game creators.


Regulatory News


Crypto.com will postpone its entry into the Korean market to further communicate with local regulators

Crypto.com announced that it will postpone its entry into the Korean market to further communicate with local regulators. A Crypto.com spokesperson said that South Korea is a difficult market for international exchanges to enter, but Crypto.com is committed to working with regulators to enter the Korean market in a responsible manner. In addition, the spokesperson did not disclose the new entry deadline.


Previously, Crypto.com will launch its application in South Korea on April 29. (The Block)


Philippine SEC: Action has been taken to remove the Binance app from the Google and Apple app stores

The Philippine SEC said it has taken action to remove the Binance app from the Google and Apple app stores.


Ripple has filed an objection to the US SEC's motion for a $2 billion fine

According to a legal document shared on social media by former US federal prosecutor James K. Filan, Ripple has filed an objection to the US SEC's motion for remedies and final judgment.


Stuart Alderoty, chief legal officer of Ripple Labs, responded, “Our opposition to the SEC’s request for a $2 billion fine for legacy institutional sales is now public. There were no allegations (or findings) of reckless conduct or fraud in this case, and Ripple won on major issues, so the SEC’s request is just more evidence of its continued intimidation of the U.S. cryptocurrency industry. We continue to believe that the judge will handle this final remedy phase fairly.”


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