Finishing: Mars Finance
1. Important events have occurred in the industry in the past week
1. Industry
Unibot launched growth plans such as token buybacks
Unibot said in a document on the X platform that it will launch three growth plans, including a recommendation system, token repurchase and rewards. Among them, the recommendation system can develop activities to increase the rewards of participants. All referral commission rewards will be airdropped every Friday through the Base ecosystem. Under the token buyback program, the team is allocating a large amount of ETH for token buybacks over several months, and all relevant transactions and wallet addresses will be publicly disclosed to ensure investor transparency. Each time the balance reaches 0.5 ETH, the 2% Unibot token tax will be automatically allocated to the token buyback. The new bonus dashboard will be more transparent and more accessible to small investors. The old reward system will be discontinued, and the new holder rewards dashboard will include ETH and Solana fees.
The Solana ecosystem DePIN protocol io.net has opened for credit inquiry
According to the official page, the Solana ecosystem DePIN protocol io.net has opened points query. Previously, io.net had said that it had noticed the abuse of virtual GPUs on the network, and its security team had automatically flagged these accounts and would remove some of them.
Victory Securities became one of the first batch of participating securities firms in Hong Kong to accept physical subscriptions in Bitcoin and Ethereum spot ETFs
Victory Securities announced on its website that it has become the only participating brokerage in the first batch of Bitcoin and Ethereum spot ETFs in Hong Kong to provide physical subscription (Bitcoin and Ethereum). In addition to cash subscription, customers can subscribe by depositing physical goods into Victory Securities Wallet. According to Shengli Securities, the virtual currency spot ETF involves the action of re-buying VA for trading, and the physical subscription through Shengli Securities can greatly shorten the transaction processing between the bank's securities dealers and banks. The cut-off time for physical goods is also longer than that for cash, and customers can enjoy the advantage of time when they subscribe in kind.
SBF signed settlement agreements with select FTX customers
Sam Bankman-Fried signed a settlement agreement with a group of FTX customers who agreed to drop the class action lawsuit against him in exchange for the celebrity promoters he helped sue FTX, as well as some venture capital firms. The agreement, which was filed in a Miami court on Friday, has yet to be approved by a judge. If approved, the settlement would indemnify Bankman-Fried from current and future civil liability related to the collapse of FTX. Bankman-Fried's co-defendants Caroline Ellison, Nishad Singh, and Gary Wang, as well as FTX attorney Dan Friedberg, reached a similar settlement agreement with plaintiffs' attorneys. It is reported that most of FTX's promoters, such as athletes Tom Brady, Stephen Curry, Shaquille O'Neal, Naomi Osaka, Shohei Ohtani, and supermodel Gisele Bundchen, have been involved in lawsuits over the incident.
Switzerland intends to launch a referendum to include Bitcoin in its national asset reserve
Yves Bennaïm, a Swiss Bitcoin advocate and founder and chairman of the nonprofit think tank 2B4CH, has launched a referendum urging the Swiss National Bank (SNB) to include Bitcoin in the national asset reserve, which is contingent on obtaining valid signatures from 100,000 Swiss citizens, and if the required number is reached, Swiss citizens will vote on the proposed amendments.
The official website of the Securities and Futures Commission of Hong Kong has listed ChinaAMC, Bosera and Harvest Bitcoin and Ethereum spot ETFs and stock codes
The official website of the Securities and Futures Commission of Hong Kong has listed the Bitcoin and Ethereum spot ETFs of ChinaAMC, Bosera and Harvest, all of which are authorized on April 23, 2024, and the relevant funds are not derivatives funds, including:
1. ChinaAMC Bitcoin ETF (BUU163), stock codes 03042, 09042, 83042;
2. ChinaAMC Ethereum ETF (BUU164), stock codes 03046, 09046, 83046;
3、博时 Hashke 比特币 Atof (bo104)#,股份代号 03008、09008;
4. Bosera HashKey Ethereum ETF (BUU105), stock code 03009, 09009;
5、嘉实比特币现货 ETF (BUT244) ，股份代号 03439、09439；
6. Harvest Ether Spot ETF (BUU885), stock codes 03179, 09179.
X Payments will offer an in-app wallet capable of storing and sending funds to other X users
Christopher Stanley, CIO of X Payments, said in a post on the X platform that X's payments functionality will be more than just "tipping" and will include an in-app wallet capable of storing and sending funds to any other X user, offering features like Venmo and Apple Pay.
Stanley added that the "ultimate goal" of X Payments is to create a fully functional financial ecosystem where users can make any typical transactions without withdrawing funds. X users will eventually be able to send money to other users, shop in stores, and even earn interest on their accounts using the app's expected payment features. （Cointelegraph）
Previously, it was reported that the X platform has now obtained payment remittance service licenses in 25 states in the United States.
2. Sound
BOB, the Bitcoin L2 network, has postponed its mainnet launch to May 1
The Bitcoin L2 network BOB (Build on Bitcoin) posted on Platform X that due to the surge in the number of projects ready to be deployed on BOB, the team postponed the mainnet launch to May 1 (originally scheduled for April 24) to accommodate additional testing and auditing.
此前 3 月消息，BOB 宣布完成 1000 万美元种子轮融资，Castle Island Ventures 领投，Mechanism Ventures、Bankless Ventures、CMS Ventures 和 UTXO Management，以及一些天使投资人参投；之后 BOB 宣布 Coinbase Ventures 加入其 1000 万美元种子轮融资。
Runestone Initiator: The Runestone snapshot has been completed, and DOG will be airdropped to users' wallets in the next few days
Leonidas, the founder of Runestone, posted on X that the Runestone snapshot is complete.
At the block height of 840269, users will receive 889806 DOG•GO•TO•THE•MOON runes (rune 3) for each Runestone NFT they hold, which will be automatically airdropped to users' wallets in the coming days without claiming.
Benson Sun: Open interest in leveraged altcoin contracts has shrunk significantly in the recent decline
Crypto KOL Benson Sun posted on the X platform that Bitcoin has returned to above $66,000, but the contract open interest of altcoins is lower than that of Bitcoin at $40,000, and after a sharp decline from April 13 to April 14, this round of bull market copycat leverage may have been very thoroughly cleaned, and the copycat season may be coming.
Grayscale Ethereum Trust intends to list on NYSE Arca
Grayscale Ethereum Trust intends to list on NYSE Arca under the symbol "ETHE."
Crypto.com Launch in South Korea postponed due to money laundering investigation
Crypto exchange Crypto.com has decided to postpone the April 29 launch of its app for retail users in South Korea due to unannounced on-site inspections by South Korean regulators on anti-money laundering compliance issues.
South Korea's World Journal reported that South Korea's Financial Intelligence Unit (part of the Financial Services Commission) found a problem with the anti-money laundering data submitted by Crypto.com and began an on-site inspection of the exchange on Monday.
In response, Crypto.com said in a statement to CoinDesk that the company maintains the highest anti-money laundering standards in the industry. Crypto.com will postpone its go-live plans in South Korea as an opportunity to ensure that Korean regulators are aware of the company's comprehensive policies, procedures, systems and controls, which have been reviewed and approved in key jurisdictions around the world.
In 2022, Crypto.com has received approval from South Korean regulators. After acquiring Okbit, Crypto.com has not onboarded any new customers in South Korea to date, and the access of existing Okbit customers is limited to withdrawals, and the platform has never been named for any anti-money laundering violations.
3. Data
Renzo announced the details of the REZ claim: the application will open on May 2, and the linear distribution of 500 million REZ based on ezPoints will be made
According to official sources, Renzo announced that the protocol will begin its decentralization process on April 30, 2024, marked by the launch of the native token REZ.
The Renzo Season 1 incentive will end on April 26, and users who sell their ezETH holdings before this date may not be eligible for the airdrop. Users can pick up their REZ on May 2 through the official claim website.
The official will distribute 500 million REZ (5% of the total supply) linearly based on the user's accumulated ezPoints, and the top 5% of addresses will have 50% of the tokens unlocked immediately at TGE, and the rest will be released linearly within 6 months.
In addition, 2% of the 5% airdrop in the first quarter (i.e., 0.1% of the total token supply) has been distributed to the following NFT communities: Milady Maker and SchizoPosters. The second season of incentives will kick off on April 26.
Unclaimed REZs will be used for the second quarter of the campaign for one month from the date of opening eligibility.
The number of stablecoin holders exceeded 93.6 million, a record high
According to rwa.xyz data, the number of addresses holding stablecoins has grown to a record high of 93.6 million this year. There are currently 35 stablecoins with a total market capitalization of $157 billion. Among all stablecoins, Tether (USDT), the leader with a market cap of $114.07 billion, occupies more than 80% of stablecoin addresses, followed by USDC and BUSD.
Worldcoin will sell between 500,000 and 1.5 million WLD per week for the next 6 months
World Assets, the Worldcoin Foundation's subsidiary responsible for the token offering, will sell up to 1.5 million WLDs worth approximately $8.2 million per week through a series of "private placements to select institutional trading firms operating outside the United States," according to a blog post on April 23.
"World Assets expects to sell an average of 500,000 to 1.5 million WLDs per week," Worldcoin wrote. As a result, the circulating supply of WLDs will increase accordingly. ”
According to CoinGecko, adding up to 1.5 million WLD tokens per week for six months equates to adding 36 million new tokens to the market, which is currently worth about $197 million.
The liquid staking token stETH has a staking share of 86.64% and the LST trading volume share is 69%
According to IntoTheBlock, stETH is the dominant address's liquid staking token, with 86.64% of the staking share and 69% of the LST trading volume share.
The maximum supply of Renzo (EZ) tokens is 10 billion, and the total mining volume accounts for 2.5%
According to Binance's announcement, Renzo (EZ) has a maximum supply of 10,000,000,000 tokens, an initial circulating supply of 1,050,000,000 tokens (10.50% of the maximum token supply), and a total mining volume of 250,000,000 tokens (2.5% of the maximum token supply). Previously, Binance New Coin Mining launched the 53rd phase of the project, using BNB and FDUSD to mine Renzo (EZ).
EigenLayer实时存款排行第2、3、4位均为孙宇晨地址
According to Dune data, EigenLayer's real-time deposit amount ranking shows that the three addresses of Justin Sun, including 0x176, 0xdC3, and 0x79ac, currently occupy the 2nd, 3rd, and 4th places in the rankings, respectively.
此前消息,2 月 8 日孙宇晨曾将 Lido 中所有的 wstETH(109 327 枚)解封为 stETH,随后转移至 0xdC3、0x79ac 等两个新地址并存入 EigenLayer;2 月 9 日孙宇晨再次通过 0x176 地址向 Puffer Finance 质押 58000 枚 stETH,向 EigenLayer 存入 104001 枚 stETH。
The liquid staking token stETH has a staking share of 86.64% and the LST trading volume share is 69%
According to IntoTheBlock, stETH is the dominant address's liquid staking token, with 86.64% of the staking share and 69% of the LST trading volume share.
2. An in-depth article worth reading and re-reading
Take a look at the BTC-related public chain ecology where venture capital institutions have entered the game
This article introduces five popular BTC-related public chain projects, including BounceBit, Merlin Chain, and B² Network. These projects have all received attention and investment from VC institutions, and have attracted more users and funds after the BTC halving. Their features include building a POS public chain using the value of BTC, adopting a rollup architecture to improve security, and introducing decentralized oracles to solve data availability problems. Among them, Merlin Chain is the most successful, but it remains to be seen whether more funds will flow to other projects with the token issuance. Both BOB and B² Network use similar technologies, but BOB plans to introduce Bitcoin as a settlement layer. Mezo is committed to expanding Bitcoin use cases, using the Proof of HODL consensus mechanism to secure the network. Capital gaming is the main driver of the market, and retail investors can earn free tokens by participating in airdrops and lock-ups.
The in-depth penetration of the stablecoin market initiated by Ethena
Ethena is a stablecoin that sits somewhere between centralized and decentralized, maintaining stability and earning yield through delta neutrality. It solves the problem of centralized and decentralized stablecoins, custody assets on-chain through OES services, and uses different strategies for arbitrage to provide diversified income for holders. USDe is a stablecoin that works with centralized exchanges and uses funding rate differences for arbitrage, but faces funding rate, custody, liquidity, and asset pegging risks. Ethena sets up an insurance fund to address risks
10 Charts Reveal the Current State of the Crypto Market: BTC Exceeds 52% Market Share, Stablecoin Supply Rises 14% in Q1
This article shares 10 charts that show how the cryptocurrency market is trending. Bitcoin remains dominant, has a low correlation with traditional assets, and an increased supply of stablecoins. Bitcoin is performing well after the halving, and Ethereum is also in a bull market cycle, with weekly active address growth. Overall, the cryptocurrency market is still in a bull market, with prices rising sharply, but there is still room for growth.
Bitcoin Layer 2's New Strategy: RGB++ Market Positioning, Disruptive Progress or Market Adaptation?
RGB++ is the latest innovation of the CKB network, which binds Bitcoin UTXO to Cell on the CKB chain through a homogeneous binding mechanism, achieving a monthly increase of more than 300%. It has advantages such as non-interactivity, transaction folding, and direct interoperability, and leverages the CKB technology platform to enable direct interaction between Bitcoin assets and CKB on-chain assets.
The "Recursive Runes" are coming?
The co-founder of Blob, a Bitcoin NFT project, proposed adding "recursive endpoints" to make the inscription change according to the number of runes, so that the inscription image changes. In addition, Bitcoin omni-chain games may also need further support. A PR has been submitted on the official Ordinals Github, and if it passes, there will be a "recursive rune" gameplay. In conclusion, "Runes" are hot but the money-making effect is not good, and more gameplay is needed, and "Recursive Runes" will bring a boost to "Runes".
The third solution to blockchain scalability: parallel EVM + programmable world state
This article presents three solutions proposed by the crypto industry to the scalability problem of blockchain, but all have limitations. To this end, some new projects propose new solutions, such as modular stacks + Dapp Rollups and parallel EVMs + programmable world states. These solutions are designed to address developer sovereignty and user experience issues, but they also come with challenges.
Analysis of Runes' new asset issuance standards: Can the development of BTC ecology enter the "Constant Era"?
Runes is a new BTC derivative asset issuance standard based on the Ordinals protocol, which solves the problem of UTXO inflation and realizes asset splitting and management. It may have an impact on other standards, change the way the market plays, and bring the BTC ecosystem into a "constant era". It is hoped that Runes can accelerate the development of the BTC ecosystem, from speculating assets to empowering the layer2 development ecosystem.
Jesse Walden, co-founder of Variant: In the current bull market, you should distinguish between "signal" and "noise"
In the cryptocurrency market, both signal and noise are increasing. Investors should distinguish between the two, as the signal technology is maturing and attracting more talented teams and projects, leading to increased user interest. But at the same time, many teams are just copy-and-paste projects in batches, and the noise is increasing. Investors should balance short-term and long-term opportunities and pay attention to time management. Long-term investments are more reliable, but sometimes you can also understand the market by participating in them. Don't get lost in the noise and invest wisely.
Rune Protocol is live, is this FOMO or bearish?
The Rune Protocol was launched on April 20 and the market saw FOMO, but there are several reasons why Rune may continue to fall. First of all, the pre-rune token market is booming, and tokens that promise to airdrop new runes have also soared. Second, Bitcoin transaction fees have risen, and retail traders may lose confidence. Finally, runes may not revolutionize the BRC20 trading experience, and the market will see a flood of rune tokens. In the long run, runes still have potential, but we need to wait for the hype to cool down. The rune goal is to unify the BTCFi industry, but it takes time to develop. Bitcoin's Ordinals innovation gives it extraordinary privileges that could lead to a wave of memes on Bitcoin. The future looks optimistic, with developers and BTC degens on board.
EigenLayer 生态全解析:再质押与 AVS 崛起的序章
EigenLayer is a re-staking protocol based on the Ethereum network that allows ETH to support multiple networks at the same time, improving capital efficiency and security. It has attracted $160 million in investment and has quickly risen to the second place in the total TVL of DeFi protocols. With restaking, participants can earn double yields and benefit from the modular services offered by AVS. EigenLayer has integrated with multiple DeFi protocols and other blockchain services, and the TVL has now exceeded $12.8 billion. Its re-staking model may become an important direction for the future blockchain network security architecture, and promote the emergence of new economic models and investment opportunities. Hotcoin pays attention to the development of the EigenLayer ecosystem and the re-staking track, and has launched a variety of high-quality assets.
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