Solana Ecosystem LBP Platform 1intro will conduct INTRO LBP public sale on April 14; Omni Network announces Genesis Airdrop details

Featured News:

1. Greeks.live: The volatility level of the crypto market has increased significantly this week, and the halving expectations seem to have been overdrawn;

2. Solana Ecosystem LBP Platform 1intro will conduct INTRO LBP public sale on April 14;

3. Omni Network announced the details of the Genesis Airdrop and has supported the qualification check;

4. JPMorgan Chase reiterated: The possibility of Ethereum spot ETF being approved in May is still no more than 50%;

5. Solana Ecosystem LBP Platform 1intro will conduct INTRO LBP public sale on April 14

Price Observation

Bitcoin fell back below 70,000 USD

On April 11, according to OKX market data, Bitcoin fell below 70,000 USD and is now quoted at 69,915 USD, with the maximum drop of 1.75% in 10 minutes.

TAO opened at 1,249 USD on Binance and is now quoted at 919 USD

On April 11, according to market data, TAO opened at 1,249 USD on Binance at 20:00 today and is now quoted at 919 USD.

W fell below $0.77, down 7.13% in 24 hours

On April 11, according to OKX market data, W fell below $0.77 and is now quoted at $0.767, down 7.13% in 24 hours.

FTT broke through $1.75, up more than 9% in 24 hours

On April 12, according to market data, FTT broke through $1.75 and is now quoted at $1.753, with a 24-hour increase of 9.67%.

PEPE rose by more than 10% in a short period of time and is now quoted at $0.0000072

On April 12, according to OKX market data, affected by the news that "Coinbase International Station will launch PEPE contracts", PEPE rose by more than 10% in a short period of time and is now quoted at $0.0000072.

Transaction Tracking

Amber Group transfers 21,000 UNIBOT to Gate

On April 11, according to the monitoring of on-chain data analyst @ai_9684xtpa, the Amber Group address had just transferred 21,000 UNIBOT to Gate, equivalent to approximately US$360,000.

Galaxy Digital withdrew 10.3 million MATIC from Binance 3 hours ago

On April 11, according to Scopescan monitoring, Galaxy Digital withdrew 10.3 million MATIC (approximately US$9.22 million) from Binance 3 hours ago.

A certain address was phished 6 hours ago and AERO worth $1.2 million was stolen

On April 11, according to Scam Sniffer monitoring, a certain address was phished 6 hours ago and AERO worth $1.2 million was stolen. In the past 24 hours, the phishing losses of users on the Base chain were close to $2 million.

Grayscale transferred 1,634 BTC to the Coinbase Prime address 15 minutes ago

On April 11, according to Arkham data, the Grayscale address transferred 1,634 BTC to the Coinbase Prime address 15 minutes ago, and transferred 2,128.2 BTC to the other 3 addresses, with a total transfer of 3,762.2 BTC.

The address associated with Fenbushi Capital withdrew 7,000 ETH from Binance today and pledged it into Pendle

On April 11, according to Lookonchain monitoring, the address associated with Fenbushi Capital starting with 0x1958 withdrew 7,000 ETH (approximately US$24.5 million) from Binance today and pledged it into Pendle.

A MKR swing trader withdrew 2,000 MKR from Binance half an hour ago, at an average price of $3,313

On April 11, according to the monitoring of on-chain data analyst Ember, a MKR swing trader withdrew 2,000 MKR (about $6.64 million) from Binance half an hour ago, at an average price of $3,313.

It is reported that the address had previously bought 4,488.9 MKR at a price of $2,963 in March, and transferred all of them to Binance at a price of 3,585 on April 8, realizing a profit of $2.79 million (+21%).

Galaxy Digital transferred 10 million ENA to Binance 1 hour ago

On April 11, according to the monitoring of on-chain data analyst @ai_9684xtpa, the Galaxy Digital address received 14.06 million ENA (worth $20.39 million) distributed by the Ethena project contract address 22 hours ago, and 10 million of them were deposited into Binance in batches through the transfer address one hour ago.

Alameda Research/FTX address transferred 2.73 million SUSHI to Binance 3 hours ago

On April 12, according to the monitoring of Ember, 3 hours ago, Alameda Research and FTX addresses redeemed 2 million xSUSHI for 2.73 million SUSHI (about 3.9 million US dollars) and then transferred them to Binance.

A certain address used $9,000 to buy Meme coin APU and doubled to $6.27 million in one month

On April 12, according to Lookonchain monitoring, a Meme coin trader used $9,000 principal to earn about $6.26 million in profit in one month, with a profit of 693 times. The address spent 2.385 ETH (about $9,000) to buy 8.36 billion APUs between March 11 and March 24, currently worth $6.27 million.

Project Dynamics

Galxe Identity Protocol Mainnet is officially launched

On April 11, according to official news, Galxe announced that its Galxe Identity Protocol mainnet is officially launched. The protocol uses ZKP technology to allow encrypted data to be verified without exposing the data itself. Galxe Identity Protocol can be used for anti-sybil attacks, reputation systems, credit systems, achievement systems, personal data markets, identity authentication, decentralized review systems, etc.

Yala announces project vision: aims to release Bitcoin's over $100 billion DeFi potential and create an open ecosystem

On April 11, Yala, a Bitcoin liquidity and stablecoin protocol, announced its vision today: "Release the potential of decentralized finance (DeFi) on Bitcoin and create a vibrant and open ecosystem."

Yala plans to issue the native stablecoin YU on Bitcoin, and use its decentralized index and oracle as the cornerstone, through innovative lending protocols, to allow YU to flow freely between Bitcoin and other ecosystems, allowing Bitcoin holders to freely participate in DeFi activities in various ecosystems in a safe and decentralized environment and release their liquidity.

UniSat has reached a cooperation with the Bitcoin ecosystem GameFi+DePIN handheld game console project BitBoyOne

On April 11, according to official news, UniSat has reached a cooperation with the Bitcoin ecosystem GameFi+DePIN handheld game console project BitBoyOne.

Uniswap Labs and Across jointly proposed a cross-chain intent standard

On April 11, Uniswap Labs and Across jointly proposed a new standard for cross-chain intent, establishing a unified framework for specifying intent systems for cross-chain operations, so that different intent systems can interoperate through a unified filler network.

Zero1 Labs announced a partnership with NetMind.AI

On April 11, according to official news, the decentralized AI ecological project Zero1 Labs announced a partnership with another decentralized AI project NetMind.AI. The two parties will further develop the artificial intelligence ecosystem, and NetMind.AI will expand its resources and product suite to Zero1 and all other projects incubated under ZCP.

Omni Network announces details of the Genesis airdrop and supports checking qualifications

On April 11, according to official news, the Omni Foundation announced that it will launch the ERC-20 token OMNI on Ethereum, with a total supply of 100 million, of which 3 million (3% of the total supply of OMNI) will be distributed as part of the airdrop. Airdrop qualifications will be retroactively determined from April 3, 2024. Users have 45 days to claim their OMNI rewards, after which all unclaimed tokens will be returned to the Omni Foundation for future community activities. Users are now able to check their eligibility.

Cross-chain interoperability protocol Owlto Finance has integrated Solana and will airdrop Owlto Solana Bridger NFTs to community users

On April 11, the intent-centric cross-chain interoperability protocol Owlto Finance has been integrated into Solana, allowing users to transfer funds between the Solana network and the other 20+ networks supported by Owlto. At the same time, Owlto now also supports CCTP (Circle Cross-Chain Transfer) on the Solana network.

dYdX Chain distributes $5 million in rewards in the third season incentive plan, and the fourth season is about to start

On April 11, according to official news, dYdX Chain announced that its third season incentive plan has ended, and qualified traders will receive an estimated $5 million in rewards. The fourth season (final season) trading incentive plan is about to begin, which will last for 6-8 weeks.

Merlin Chain lending protocol Avalon TVL exceeds 100 million US dollars, becoming the largest lending protocol in the BTC ecosystem

On April 12, according to official news, Merlin Chain's first lending protocol Avalon Finance exceeded 100 million US dollars a week after its launch, and the number of users exceeded 7,000, becoming the largest lending protocol in Merlin Chain and the entire BTC ecosystem, and also created the fastest TVL growth DeFi lending protocol record in DeFi history. Avalon Finance launched a community airdrop plan with an airdrop ratio of up to 20%.

Brevis coChain AVS is launched as the first verification service mainnet of EigenLayer

On April 12, according to the official announcement, ZK full-chain data calculation and verification platform Brevis announced that Brevis coChain AVS is launched as the first verification service mainnet of EigenLayer. Brevis allows smart contracts to access complete historical on-chain data and run customizable calculations in a trustless manner.

Chainlink launches cross-chain token and message bridge application Transporter

On April 12, according to official news, Chainlink announced the launch of the cross-chain token and message bridge application Transporter, which allows cryptocurrency users to easily and securely transfer their tokens and messages between different blockchain networks. Each Transporter transfer is fully supported by Chainlink CCIP.

Users can now bridge supported tokens on eight blockchains, including ETH, USDC, LINK, etc. These blockchains include Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon and WEMIX.

Pac Finance suddenly changes parameters and causes $24 million to be liquidated

On April 12, according to Cointelegraph, users of Blast Network cryptocurrency lending application Pac Finance allegedly suffered $24 million in liquidation on April 11 due to a sudden change in parameters of the developer wallet. The official Discord administrator claimed that they had notified the team of the problem. The official has not yet issued an announcement on the matter.

TON Foundation has airdropped 300,000 TONs (about $2.19 million) to active Meme coin traders in the ecosystem

On April 12, according to official news, the TON Foundation has airdropped 300,000 TONs (about $2.19 million) to the most active Meme coin traders on Dedust and/or Ston.fi.

The airdrop snapshot date is from March 4 to April 10, the witch wallet address is disqualified, and the whitelist tokens include: FISH, ANON, REDO, MRDN, TONY, ARBUZ, durev, TPET, BTC25, WIF, COFE, CATS and BOLT.

Solana Ecosystem LBP Platform 1intro to Conduct INTRO LBP Public Sale on April 14

On April 12, according to official news, Solana Ecosystem's first LBP platform 1intro will conduct INTRO LBP public sale at 23:00 Beijing time on April 14. The sale will last for 72 hours and provide 200 million INTRO (accounting for 20% of the total supply).

According to the token economics provided by 1intro, the total supply of INTRO is 1 billion. The team will hold 10% of the shares (locked for 1 year, then unlocked linearly over 12 months), and the ecosystem and incentives will hold 40% of the shares (unlocked 5% per month).

Chainlink launches inter-chain token and messaging application Transporter based on CCIP

On April 12, according to The Block, Chainlink launched an inter-chain token and messaging application Transporter based on CCIP. The "Transporter" application was built in collaboration with the Chainlink Foundation and developer Chainlink Labs to provide a user-friendly interface for submitting and monitoring cross-chain transactions on CCIP.

Arkham platform has supported users to monitor NYDIG associated addresses

On April 12, according to official news, the Arkham platform has supported users to monitor and view NYDIG associated addresses.

NYDIG is one of the largest asset management companies in the cryptocurrency field, hosting more than 90,000 bitcoins (about 6 billion US dollars). Its customers include major trading platforms, top mining companies and large trading companies, with an on-chain transaction volume of more than 300 billion US dollars, and the entities served include Microstrategy, Cumberland and Galaxy Digital.

Pac Finance responded: Affected users have been contacted and a solution plan has been developed, and the governance system will be improved in the future

On April 12, Pac Finance responded on social media regarding the "sudden change in parameters leading to the liquidation of $24 million" and said that the team was aware of the problem and was in contact with affected users and actively working with them to develop plans to alleviate the problem. In the process of adjusting LTV, the team commissioned smart contract engineers to make the necessary changes, but the forced liquidation threshold was accidentally changed without notifying the team in advance, leading to the current problem. In the future, the team will establish governance contracts/timelocks and forums for all upgrades to ensure that discussions are planned in advance.

CeFi News

Kraken will delist Monero in Ireland and Belgium, and the balance will be converted to Bitcoin on June 10

On April 11, Kraken will delist the privacy coin Monero (XMR) on June 10 this year. All XMR transactions and deposits will be stopped from May 10, and all margin positions should be closed before this date to avoid forced liquidation. XMR withdrawals will stop on June 10, when any remaining XMR balances will be automatically converted to Bitcoin.

Bitfinex Securities plans to issue $6.25 million in tokenized debt to build El Salvador Airport Hotel

On April 11, according to The Block, the tokenized securities platform Bitfinex Securities El Salvador SA de CV is launching a tokenized debt issuance to develop a 4,484 square meter Hilton Hampton hotel complex at the El Salvador International Airport. The offering aims to raise $6.25 million and provide a 10% coupon over a five-year term - meaning that buyers receive an annual interest equal to 10% of their investment for five years, after which the principal is returned. The financing will begin on May 13, with a minimum investment of $1,000.

Coinbase Derivatives will launch DOGE futures on April 29

On April 11, according to official news, Coinbase Derivatives will launch DOGE futures on April 29.

Circle launches smart contract transfer function for BlackRock's BUIDL fund

On April 11, according to official news, USDC issuer Circle announced the launch of a new smart contract function, allowing holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer funds. The smart contract provides BUIDL investors with a near-instant, 24x7 hour BUIDL export, bringing the core advantages of speed, transparency and efficiency of tokenized assets.

Thailand Cryptocurrency Trading Platform Bitkub CEO: IPO valuation may be as high as $3 billion

On April 12, according to CoinDesk, Jirayut Srupsrisopa, CEO of Bitkub Capital Group, said that the owner of Thai cryptocurrency trading platform Bitkub Online plans to sell shares to the public next year, with a possible valuation of up to $3 billion.

Bitkub Capital expressed its intention to sell shares to the public in a 2023 letter to shareholders, but did not give a specific timeline. Jirayut said earlier this month that it plans to conduct an IPO next year and that the company is hiring a financial advisor.

Coinbase International Station will launch PEPE perpetual contracts

On April 12, according to official news, support for PEPE perpetual contract trading has been added to Coinbase International Exchange and Coinbase Advanced. 1000PEPE-PERP trading pairs will be open at or after 9:30 am UTC on April 18.

Viewpoint data

The annual rate of PPI in the United States in March was 2.1%, the highest since April 2023

On April 11, the annual rate of PPI in the United States in March was 2.1%, the highest since April 2023. After the data was released, the US dollar index DXY fell by more than 20 points in the short term, the US Treasury yield fell, and the US short-term interest rate futures rose. (Jinshi)

Ark Invest March Report: Still in the early to mid-stage of the bull market, CPI is bearish, but halving and ETFs can support prices

On April 11, according to the March report released by Ark Invest, the agency believes that the price of Bitcoin is still in the early to mid-stage of the bull market compared with past cycles. In addition, the agency is also optimistic about the performance of Bitcoin scaling solutions (such as Rollup and sidechain) in this round, believing that the track has been strong since the second half of 2023, and given factors such as Bitcoin's price appreciation, these trends may continue in the current bullish cycle.

The number of World App users has exceeded 10 million, with 2 million daily active users

On April 11, according to official news, the number of users of Tools for Humanity (TFH), a contributor to the Worldcoin project, has exceeded 10 million, with 2 million daily active users and a total of more than 70 million wallet transactions.

Viewpoint: This "halving" has limited impact on the market, and this round of rise will be dominated by spot ETFs

On April 11, Brian Dixon, CEO of investment company Off the Chain Capital, said: "If we look at the overall demand for ETFs since their launch, it has had a huge impact on the supply in the market. Once the halving occurs, the supply will be further reduced, and it is logical that prices will rise."

David Lawant, head of research at FalconX, said: "This round of rise is the first time that Bitcoin has broken through its historical high before the halving. Some people are worried that the ETF has driven demand in advance. Maybe we will hover at the current level for a while."

Grayscale CEO: GBTC's fees will be reduced when Bitcoin ETF "begins to mature"

On April 12, according to Cointelegraph, Grayscale CEO Michael Sonnenshein said that the fees of Grayscale's flagship Bitcoin ETF will decline, which is currently the highest among all U.S. spot Bitcoin ETFs, but will only be reduced when these products "begin to mature."

The U.S. Bitcoin spot ETF had a net inflow of approximately US$91 million yesterday

On April 12, according to HODL15Capital data, the U.S. Bitcoin spot ETF had a net inflow of approximately US$91 million yesterday.

Greeks.live: The volatility level of the crypto market has increased significantly this week, and the halving expectations seem to have been overdrawn

On April 12, Greeks.live researcher Adam posted on social media that the option delivery data on April 12 was:

21,000 BTC options expired, the Put Call Ratio was 0.62, the maximum pain point was $69,000, and the notional value was $1.5 billion.

230,000 ETH options expired, the Put Call Ratio was 0.49, the maximum pain point was $3,425, and the notional value was $800 million.

This week, the volatility of the crypto market increased significantly, and the competition for $70,000 and $3,500 was very fierce, but the IV of each major term showed a significant decline. Selling and calling have been the main transactions this month, and the halving expectations seem to have been overdrawn.

JPMorgan Chase: "Low" cryptocurrency venture capital inflows may pose a downside risk

On April 12, according to The Block, JPMorgan analysts pointed out that despite the recent recovery in the cryptocurrency market, the venture capital funds flowing into the crypto industry this year are relatively insufficient, which may pose a downside risk.

Financing Express

Community Labs founder launches AO Ventures, investing $35 million to promote the development of Arweave and AO

On April 11, Tate Berenbaum, founder of crypto startup Community Labs, launched a 10-week incubator program AO Ventures, dedicated to promoting the development of Arweave and AO. The program will start in April and hold Demo Day in June. More than $35 million in funds have been committed to the investment pool.

It is reported that Arweave (AR) is a decentralized storage project, and AO is a hyper-parallel computing project based on Arweave.

DePIN platform Uplink completes $10 million financing, led by Framework Ventures

On April 11, according to Coindesk, the DePIN platform Uplink completed $10 million in financing. This round of financing was led by Framework Ventures, and other specific financing information has not been disclosed.

It is reported that Uplink provides decentralized network connections and aims to create better distributed and user-operated infrastructure. Users and businesses will be able to earn tokens as rewards by contributing to the network or using the network. They can integrate existing infrastructure into the Uplink network or install compatible hardware for their community/enterprise. The company plans to launch tokens later this year. Founded in 2016, Uplink works with Ericsson, Deutsche Telekom and E.ON, the statement said.

Blockchain prediction layer Azuro completes $3.5 million in financing, Fenbushi Capital and others participated

On April 11, according to Cointelegraph, the blockchain prediction layer Azuro completed $3.5 million in financing, increasing the total funds raised to $11 million (it raised $7.5 million in 2022). This round of financing was participated by SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales and G1 Ventures.

Azuro is an on-chain prediction market network that provides users with a decentralized platform that supports the creation of diverse applications, integrations and products, supporting thousands of sports markets and other games.

Solana cross-chain auction protocol Mayan completed a $3 million seed round of financing, led by Borderless Capital and others

On April 11, the cross-chain auction protocol Mayan completed a $3 million seed round of financing. This round of financing was jointly led by 6th Man Ventures (6MV) and Borderless Capital, and Solana Ventures, Hash3, Big Brain Holdings, Arrington Capital, Wormhole Cross-Chain Ecosystem Fund, Solana co-founder Anatoly Yakovenko and Wormhole Labs co-founder Saeed Badberg participated in the investment (the seed round includes all the funds raised by Mayan).

Mayan is built on Solana and can find the best rate for users to execute transactions from any blockchain. The protocol converts the input tokens into USDC, a stablecoin pegged to the US dollar, and then sends it to the final destination using Circle’s Cross-Chain Transfer Protocol (CCTP). The on-chain system facilitates inter-blockchain transfers by burning USDC on the source chain, minting USDC again on the target chain, and communicating the two processes between Circle and the source chain

Regulatory News

JP Morgan Chase reiterated: The probability of Ethereum spot ETF being approved in May is still no more than 50%

On April 11, JPMorgan Chase (JPM) reiterated its view in a research report on Thursday that "the probability of Ethereum spot ETF being approved in May is still no more than 50%". The analyst team led by Nikolaos Panigirtzoglou wrote that if the Ethereum spot ETF is not approved in May, there should be a lawsuit against the SEC after May. The most likely outcome is that the SEC will eventually lose the lawsuit, similar to what happened in the Grayscale and Ripple cases, and eventually approve the spot Ethereum ETF, but not in May.

South Africa begins issuing first cryptocurrency licenses

On April 11, according to Coindesk, South Africa has begun issuing licenses to cryptocurrency companies, and trading platform Luno and decentralized social investment market Zignaly are among the first companies to be approved. The country's regulator said that about 60 companies will be approved in April.

Yonhap News Agency: Montenegrin court has approved the extradition of Do Kwon again

On April 11, according to Yonhap News Agency, the Montenegrin court once again approved the extradition of Do Kwon. The extradition decision will be made by the Minister of Justice, who has repeatedly hoped that Do Kwon will be extradited to the United States. Therefore, the possibility of Do Kwon being extradited to the United States has increased.

Dubai Virtual Asset Regulator is seeking to reduce compliance costs for small crypto entities

On April 11, according to Coindesk, Matthew White, CEO of the Dubai Virtual Asset Regulatory Authority (VARA), said at the Paris Blockchain Week that the agency is currently considering many things in order to try to make the system and regulation suitable for everyone. One of them is to find a way to deal with the compliance costs of small (crypto) entities. The current situation is that the agency has observed that there are not many companies with sufficient resources to be regulated, and the new regulatory scheme includes allowing larger market participants to host smaller market participants.

The SEC investigated Dapper Labs, but the case was closed in September last year

On April 11, according to fortune, according to official documents, the SEC investigated Dapper Labs, but the case was closed in September last year. However, the report did not involve the reasons for investigating Dapper Labs, when the investigation began, or why the SEC decided to close the case.

"Australian Satoshi" Craig Wright abandons defamation appeal in Norway

On April 12, according to The Block, "Australian Satoshi" Craig Wright stopped appealing against a 2022 defamation case in Norway related to his claim to be the anonymous founder of Bitcoin, Satoshi Nakamoto.

Senior U.S. House of Representatives Members Meet on Stablecoin Bill Strategy

Efforts by the U.S. Congress to establish a regulatory framework for stablecoins are facing increasingly slim chances of passing this year, but lawmakers who have pushed the legislation furthest have reportedly held a meeting with Senate Majority Leader Chuck Schumer, according to Punchbowl News on April 12.

Patrick McHenry, Republican of North Carolina, chairman of the U.S. House Financial Services Committee, and Maxine Waters, a senior Democrat on the committee and a Democrat of California, met with Chuck Schumer on Thursday to try to move the legislation forward.

Mango Markets attackers could face up to 20 years in prison

April 12, according to CoinDesk, cryptocurrency trader Avraham Eisenberg may testify in his criminal commodity fraud and manipulation trial, his defense team said on Thursday. As the case draws to a close, they have not yet made a final decision on the matter.

SBF has appealed against fraud and conspiracy charges and a 25-year prison sentence

On April 12, according to CNBC, lawyers for FTX founder SBF filed a notice of appeal against SBF's federal fraud and conspiracy charges and a 25-year prison sentence.

SBF's appeal came two weeks after he was sentenced in the U.S. District Court in Manhattan, where he was ordered to pay $11 billion in a massive fraud involving the cryptocurrency trading platform FTX and the related hedge fund Alameda Research. Prosecutors said it was one of the largest financial frauds in history.

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