Rhythm Morning News | Yesterday, Grayscale GBTC had a net outflow of about US$300 million; Circle issued 134 million USDC on the Ethereum network

Selected News:

1. Yesterday, Grayscale GBTC had a net outflow of approximately US$302 million

2. Circle issued an additional 1.34 on the Ethereum network 100 million USDC

3.Base protocol leader: Base gas target has been increased to 5mgas/s to further reduce costs

4.GHST exceeded US$3.4 to hit a record high on 24 The hourly increase expanded to 70%

5. Memeland: Will launch the Memenet blockchain and use MEME as the network Gas token

Price Observe

or Affected by Memenet news, MEME broke through $0.043

On April 2, according to OKX market information, MEME broke through $0.043 and is now quoted at $0.04316, with a 24-hour increase of 8.37%.

Previously, Memeland announced that it will launch Memenet, which will provide a secure, low-cost, degen-friendly on-chain construction method, and use MEME as the Network Gas Token.

Baes Ecology The Fren Pet token of the chain game exceeded 7 US dollars, reaching a record high

On April 2, according to market information, the FP of the Baes ecological chain game Fren Pet token exceeded 7 US dollars, and is now quoted at 7.74 US dollars. , a 24-hour increase of 35.89%, a record high.

CORE rises Breaking through $3.4, a 24-hour increase of 64.1%

On April 2, according to market data, CORE rose to break through $3.4, and is now quoted at $3.41, with a 24-hour increase of 64.1%.

GHST breaks through $3.4 to hit history New high, 24-hour increase expanded to 70%

On April 2, according to OKX market data, GHST broke through $3.4 and hit a record high, now quoted at $3.41, and 24-hour increase expanded to 70 %.

Received online Affected by Coinbase news, ARKM rose 10% in a short period

On April 1, according to market data, affected by Coinbase news, ARKM rose 10% in a short period, and is now quoted at $2.59.

BOME Breakthrough US$0.017, a 24-hour increase of 23%

On April 1, according to market data, BOME exceeded US$0.017, and is now quoted at US$0.0175, with a 24-hour increase of 23%.

Or subject to Affected by the relevant project meeting announcement, CFX rose by more than 15% in a short time

On April 1, according to OKX market data, it may be affected by the relevant project meeting announcement officially released by the Tree Map Research Institute Affected by the impact, CFX rose by more than 15% in the short term, and is now quoted at $0.471, but the 24-hour and intraday fluctuations are still negative.

BlockBeats previously reported that the ConFlux Network Research Institute officially issued a statement stating that China’s national key research and development plan “Blockchain” key project “is geared towards the ‘Belt and Road Initiative’. "Super-large-scale blockchain basic platform" project launch and implementation plan demonstration meeting was held on March 30 at the Shanghai Tree Map Blockchain Research Institute.

Transaction Tracking

The suspected Binance Labs address deposited 9.33 million GMT to Binance

On April 2, according to Spot On Chain monitoring, the suspected Binance Labs The wallet deposited 9.33 million GMT ($3.14 million) into Binance 9 hours ago.

UNI Team /Investor/Advisor address transferred 1.6 million UNI to Coinbase Prime

On April 2, according to Ember Monitoring, the address labeled "UNI Team/Investor/Advisor" transferred 1.6 million UNI UNI (valued at approximately US$19.7 million) was transferred to Coinbase Prime.

This address received an allocation of 1.6 million UNI from the "UNI Team/Investor/Advisor Token Distribution Address" in 2020.

Ark Invest Approximately $1.775 million worth of Coinbase shares were sold yesterday

On April 2, Cathie Wood’s Ark Invest sold a total of 7,040 COIN shares yesterday. Among them, ARKK sold 6265 shares; ARKW sold 775 shares. Based on yesterday's closing price of approximately $252.11 per share, the total value is approximately $1,774,850.

Past 24 The entire network was liquidated to US$259 million per hour, with the main liquidation of multiple orders

On April 1, according to Coinglass data, the entire network liquidated $259 million in the past 24 hours, including $193 million in long orders and $66.4227 million in short orders.

Grayscale On April 1st, according to Arkham data, the Grayscale (Grayscale: Bitcoin Trust) address transferred 1634.34 to the Cinbase Prime address 13 minutes ago. Bitcoin.

Ripple Passed Two transactions locked a total of 800 million XRP in the managed wallet

On April 1, according to Whale Alert monitoring, Ripple transferred 800 million XRP through two exchanges at around 22:22 Beijing time today. Transactions are locked in the escrow wallet (400 million XRP each), worth approximately $487,578,258.

Project News

SafeDAO community launches token transferability proposal voting will end on the 15th

On April 2, according to relevant According to the page information, the Safe launch token transferability proposal will open for voting on April 3 and end on the 15th.

This proposal aims to make SAFE tokens transferable by calling the unpause method of the token contract, while the unlocked tokens will remain in In the vesting contract, it will not be affected.

Memeland： The Memenet blockchain will be launched and MEME will be used as the network Gas token

On April 2, Memeland announced that it will launch Memenet, which will provide a secure, low-cost, degen-friendly on-chain construction method, and use MEME as the network Gas token.

According to the official website of the project, the Memenet test network is expected to be launched in June, and the main network is expected to be launched in September.

Base protocol Person in charge: The Base gas target has been increased to 5mgas/s to further reduce costs

On April 2, Base protocol leader Jesse Pollak posted on the X platform that the team has The gas target has been increased to 5 mgas/s, so gas charges are falling rapidly and are expected to stabilize at lower levels - although demand may increase. The team’s long-term goal is to achieve 1 Ggas/s (that’s 400 times faster than today), and more information on the latest progress will be shared in the coming weeks.

Munchables: The team has been completely restructured to improve fund security, and ZachXBT will add multi-signature to safely return funds to users

On April 2, Munchables officials posted on social media that they are currently working on We are in the final stages of refunds and have completely restructured our team. Quantitative investment firm Manifold and venture capital firm Selini Capital are joining its multi-sig, and top developers have revisited and upgraded new contracts, overseeing the developer hiring process from now on. On-chain detective ZachXBT will add multi-signature at this stage to help complete the safe return of user funds.

Users whose funds are returned will receive high multiplier rewards, which will increase their future MUNCH token distributions. The Munchables platform will be relaunched with an NFT migration plan and other features to be announced soon.

Ethena: The NFT related airdrop share has been adjusted to airdrop ENA to Milady Maker series NFT holders

On April 2, Ethena Labs officially stated that based on the feedback it received from the community, it was unfair for Ethena’s ENA airdrop standard to exclude the Milady Maker series of NFTs but include two related derivative series of NFTs at the same time. To this end, the airdrop criteria have been adjusted to include Milady Maker Series NFTs, with a total of 5%. 4% of the airdrop, or 0.2% of the total supply, will be allocated to wallet addresses holding:

· SchizoPosters

· Redacted Remilio Babies

· Milady Maker

The snapshot was taken on March 26, so addresses purchasing NFTs after that date will not affect eligibility to receive distributions.

Posted by Ethena Details of the second season activity. Users who meet the conditions in the first season will increase their Sats points by 20%

On April 1, Ethena Labs officially released the details of the second season activity. According to the announcement, , in the second quarter of the event (starting on April 2), "Shards" have been replaced by "Sats" to match the protocol's change to BTC as a supporting asset.

It is reported that when the user does not do any activities that violate the airdrop rules recently (in simple terms, just don’t cancel anything), and on this basis, any new USDe is added to the new incentive program in the same wallet, then users who participated in Season 1 will receive 20% more Sats in Season 2.

Ethena Labs stated that BTC perpetual futures can provide Ethena with approximately $25 billion in additional open positions for delta hedging, which is the current price of ETH perpetual futures. 2.5 times the size. If half of those open positions (longs) paid fees to shorts, this would equal an opportunity to increase Ethena’s total annual cash flow by approximately $2.75 billion.

Metaplex launched The Solana ecological NFT standard Core has been launched on the mainnet

On April 1, according to official news, the Solana ecological NFT standard Core launched by Metaplex has been launched on the mainnet.

It is reported that Core is based on the Metaplex team’s experience in creating the first Solana NFT standard in 2021, and is committed to eliminating complexity and providing a simplified specification for digital assets. , significantly reducing costs and simplifying the developer experience. Core is specially designed for NFT, so that all key data is stored in only one on-chain account, which greatly simplifies the work of developers. At the same time, through the single-account model, it reduces the network burden and improves Solana's operating efficiency. The flexible plug-in system introduced by Core allows users to extend the functionality of Core assets without waiting for standard updates. From built-in staking to an asset-based points system, plug-ins open up broad possibilities for customization.

Gamification The digital asset market eesee has launched the mainnet, and the first airdrop snapshot will be completed within 8 days

On April 1, the gamified digital asset market eesee announced that the mainnet will be online, and the first phase of the mainnet will be launched The airdrop snapshot will be completed within 8 days.

Cross-chain The infrastructure Magpie Protocol announced that it will distribute all the W obtained from the airdrop to community users

On April 1, according to official news, the cross-chain infrastructure Magpie Protocol announced that it will distribute all the W obtained from the airdrop to community users. Community users. If the user has used Magpie for cross-chain, they can check the eligibility status and rewards through the air investment qualification checker.

It is reported that Magpie Protocol is a cross-chain infrastructure and protocol designed to provide a simple, efficient and secure way for transactions and investments within DeFi.

BounceBit Governance The dashboard has been launched and will provide real-time proposal updates and monitoring of network parameters.

On April 1, according to official news, BounceBit announced that its governance dashboard has been launched, which will provide real-time proposal updates, submit proposals and vote, and monitor network parameters.

Officially stated that the governance on the BounceBit chain is the first step towards decentralization of BounceBits.

ConFlux: A related meeting on "Super-large-scale blockchain basic platform for the "One Belt and One Road"" led by Tree Map was held on March 30

On April 1, according to the official report of Tree Map Research Institute According to the news, the project launch and implementation plan demonstration meeting of China’s national key RD plan “Blockchain” project “Super-large-scale Blockchain Basic Platform for the “One Belt and One Road”” was held on March 30 at the Shanghai Tree Map Blockchain Research Institute. held. The project is led by Shanghai Shutu Blockchain Research Institute, with participation from China Academy of Information and Communications Technology, Shanghai Jiao Tong University, Fudan University, Shanghai Maritime University and other units. Expert leaders from the Industrial Development Promotion Center of the Ministry of Industry and Information Technology, the Shanghai Science and Technology Commission, the project consulting expert group, the project leading unit, and project participating members attended the meeting.

The project aims to develop an advanced blockchain basic platform that supports multi-country deployment and multi-agent collaborative supervision in response to the characteristics and needs of the "One Belt, One Road" transnational cooperation scenario. And based on this, we will carry out exemplary applications of cross-border cooperation in the economic, trade and cultural fields.

ConFlux Network officials also issued a statement stating that the main purpose of the project is to create a public blockchain infrastructure platform. The platform will support the implementation of cross-border cooperation projects along the Belt and Road Initiative and will provide a foundation for the development of applications that demonstrate cross-border collaboration.

Orbiter Finance Already supports users to cross-chain assets to Mantle

On April 1, according to official news, the cross-chain bridge project Orbiter Finance now supports users to cross-chain assets to Mantle Network. Initially, it will Users are exempted from 70% cross-chain fees.

CEX Information

Binance has appointed its inaugural board of directors, including 3 independent directors

On April 2, according to Bloomberg, Binance has appointed its first board of directors, including three independent directors and four internal executives. Gabriel Abed, who previously served as Barbados’ Ambassador to the United Arab Emirates, has been appointed Chairman of the Board. The remaining members include CEO Richard Teng and three other company executives Heina Chen, Jinkai He and Lilai Wang.

The other two outside members are Arnaud Ventura, managing partner of investment firm Gojo Co., and Xin Wang, chief executive of Bayview Acquisition Corp. The appointments took effect on March 7, according to the Abu Dhabi Global Market website.

Circle in An additional 134 million USDC were issued on the Ethereum network

On April 2, according to Whale Alert monitoring, Circle issued an additional 134,388,829 USDC on the Ethereum network at 0:25 Beijing time today.

Coinbase will Launching Arkham (ARKM)

On April 1, according to official news, Coinbase will add support for Arkham (ARKM) (ERC-20 token) on the Ethereum network. If liquidity conditions are met, trading will begin at approximately 12:00 PM ET on April 2, 2024. Trading on the ARKM-USD trading pair will begin in phases once the asset is in sufficient supply.

Tether announced Complete SOC 2 Type 1 audit

On April 1, according to official news, Tether announced the completion of the SOC 2 Type 1 audit. It is reported that this is a major security update for the stablecoin issuer. The SOC 2 Type 1 audit inspection is developed by the American Institute of Certified Public Accountants (AICPA) ’s security compliance standards, the SOC 2 Type 1 report is based on security, availability, processing integrity and confidentiality, ensuring that Tether has strong IT controls in place to ensure that its systems are secure, can be accessed when needed and safeguard information of privacy.

Bitget will Wormhole (W) and Andy on SOL (ANDY) are listed on April 1st. Bitget will list Wormhole (W) and Andy on SOL (ANDY), and the recharge channels are open. The ANDY/USDT trading pair will be opened at 19:00 (UTC+8) on April 2, and the W/USDT trading pair will be opened at 20:00 (UTC+8) on April 3.

W is Wormhole’s native token and powers the Wormhole platform. W is a native Solana SPL token and Ethereum ERC-20 token that leverages Wormhole’s native token transfer framework and can be transferred seamlessly to any Wormhole connected network.

Opinion data

Data: CEX’s total spot trading volume in March was US$2.48 trillion, close to the level in November 2021

April On the 2nd, according to data from The Block, the total spot trading volume of CEX in March was US$2.48 trillion, close to the level in November 2021 (US$2.56 trillion). In addition, Binance achieved spot trading volume of $1.13 trillion in March, with a market share of 45.56%.

Yesterday Gray The net outflow of GBTC was approximately US$302 million

On April 2, according to data from Farside Investors, Grayscale GBTC had a net outflow of US$302.6 million yesterday. In addition, ARKB also experienced net outflows for the first time, with an outflow of $300,000.

Coinbase International The trading volume of Coinbase International Exchange in the past 30 days exceeded US$54 billion

On April 1, according to official data, the trading volume of Coinbase International Exchange exceeded US$54 billion in the past 30 days.

Upbit Past The 24-hour trading volume fell by more than 75% compared to the short-term high on March 5

On April 1, according to CoinGecko data, the trading volume of South Korean crypto trading platform Upbit in the past 24 hours Just $3.79 billion. That's well below the high of $15 billion on March 5.

Cryptocurrency trading volumes began to surge in early March as a wave of altcoin activity flooded the market, Matrixport said. Anticipation of Dencun upgrades and low transaction fees fueled the frenzy. However, with trading volumes declining, the sustainability of the altcoin rally has been called into question.

Financing Express

a16z will invest a total of US$30 million in multiple game startups, including Web3 games

On April 2, Venture capital firm Andreessen Horowitz (a16z) announced on Monday that it plans to invest $30 million in multiple gaming startups. a16z General Partner Andrew Chen said that $30 million will be invested over the next 45 days through the a16z Speedrun program, and each startup that joins the Speedrun program will receive $750,000. The application deadline for Speedrun is May 19th. The company's gaming fund, launching in 2022, invests in the development of various gaming-related technologies, including Web3.

In addition, a16z has made several investments in blockchain gaming companies through its crypto division, including Mythical Games and Voldex.

Blockchain network XION completes $25 million Series A financing, Multicoin Capital and others participate

On April 1, according to Fortune, the blockchain network XION completed a $25 million Series A financing earlier this month, with Multicoin Capital, Animoca Brands and Arrington Capital participating in this round of financing. The new funds will enable XION to accelerate the development of the ecosystem.

It is reported that XION is a blockchain built specifically for consumer-centric developers and developed by Burnt. The company said in a statement that it is the first platform that enables developers to "build, launch and scale consumer-facing Web3 products from scratch."

Regulatory News

Coinbase, Circle Oppose Basel Committee on Banking Supervision's Stablecoin Requirements

On April 2, The Block reported that Coinbase and Circle are objecting to various aspects of the Basel Committee on Banking Supervision's proposal, which introduces stricter standards for preferential regulatory treatment of banks' stablecoin exposures. It is reported that the proposed requirements determine whether stablecoins qualify for the "Group 1b Category", which grants preferential regulatory treatment. According to the consultation document, certain criteria must be met, including low volatility and sufficient liquidity. The deadline for comments on the document is March 28.

Coinbase responded to the request: "The committee's choice shows a desire to strictly limit banks' holding and therefore use of stablecoins." Circle expressed dissatisfaction with the committee's report's statement that blockchain has "unique risks."

The Swiss city of Lugano allows its residents and tourists to use cryptocurrencies for daily transactions

On April 2, the Swiss city of Lugano allowed its residents and tourists to use cryptocurrencies for daily transactions, including paying taxes. Currently, more than 15% of residents use the city's LVGA stablecoin every day to pay bills, shop in stores and restaurants, and access online services.

TD Cowen: House Republicans push for anti-central bank digital currency bills could undermine bipartisan support for stablecoin bills

On April 1, according to The Block, investment bank TD Cowen said that House Republicans push for anti-central bank digital currency bills could undermine bipartisan support for stablecoin bills.

Last year, the CBDC Anti-Surveillance Act proposed by Tom Emmer, the majority whip of the Minnesota House of Representatives, would prevent the Federal Reserve from issuing CBDCs directly to individuals. The bill was passed by the House Financial Services Committee in September and was heavily criticized by Democrats. People familiar with the matter said that House conservatives are in negotiations and may vote in favor of the CBDC bill as well as the much-sought-after stablecoin bill.

The TD Cowen Washington Research Group, led by Jaret, said that its current concern is that linking the digital dollar ban to stablecoin legislation may undermine bipartisan support for the stablecoin bill, as Democrats generally believe that at least exploring central bank cryptocurrencies is valuable.

Argentina introduces mandatory virtual asset service provider registration system

On April 1, according to Forbes, the Argentine National Securities Commission announced a new mandatory virtual asset service provider registration system, which applies to companies and individuals engaged in crypto asset business in the country.

It is reported that the new regulation will affect businesses that specialize in a variety of services, such as buying, selling, sending, receiving, lending or trading cryptocurrencies. The regulation applies not only to local companies, but also to companies that operate in the market but are headquartered elsewhere.

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