Rhythm Morning News | Less than 1 day left until Bitcoin halving; Grayscale GBTC net outflow was about US$90 million yesterday

Featured News:

1. Less than 1 day left for Bitcoin halving

2. Grayscale GBTC net outflow was about 90 million US dollars yesterday

3. Analysis: The unrealized profit rate of Bitcoin traders is basically zero at present

4. MerlinStarter completed seed round financing, Amber Group and others participated

5. Aptos Labs cooperated with Microsoft and others to develop institutional-level digital asset platform Aptos Ascend

Price Observation

MUBI rose above $0.18, a 24-hour increase of 27.9%

BlockBeats news, on April 19, according to CoinGecko Data shows that MUBI rose above $0.18 and is now quoted at $0.1816, a 24-hour increase of 27.9%.

Bitcoin rebounded and briefly broke through $63,000, and the 24-hour decline narrowed to 0.17%

BlockBeats news, on April 18, according to OKX market data, Bitcoin rebounded and briefly broke through $63,000, and is now quoted at $62,880, with a 24-hour decline narrowed to 0.17%.

Altcoins generally rebounded following the market, and JTO rose more than 16% in 24 hours

BlockBeats news, on April 18, according to CoinGecko data, as Bitcoin quickly rose and broke through $63,000 again, altcoins generally rebounded following the market, including:

· JTO rose more than 16% in 24 hours and is now quoted at $2.96

· DYDX rose by 10.6% in 24 hours and is now priced at $2.22

· NEAR rose by 10.94% in 24 hours and is now priced at $5.81

· GALA rose by 12% in 24 hours and is now priced at $0.043

· INJ rose by 13.5% in 24 hours and is now priced at $27.88

Transaction Tracking

A whale increased its holdings by 9,337.8 ETH at an average price of $3,064, and now holds nearly 120,000 ETH

BlockBeats news, on April 19, according to @EmberCN Monitoring, 9 hours ago, the whale that has been withdrawing ETH and stablecoins from Binance recently continued to withdraw 9337.8 ETH (about 28.61 million US dollars) from Binance, with a withdrawal price of about 3064 US dollars.

· The whale has been withdrawing ETH and stablecoins from Binance since April 1, and has withdrawn a total of 100,120 ETH (about 304 million US dollars) and 265.8 million US dollar stablecoins from Binance so far; · 49.43 million U was used on the chain to buy 17,068 ETH;

· The whale currently holds a total of 117,268 ETH (about 358 million US dollars), with an average price of about 3,127 US dollars; and 217 million US dollar stablecoins.

Grayscale transfers 1928 BTC to Coinbase Prime address

BlockBeats news, on April 18, according to Arkham data monitoring, Grayscale address transferred 1928 BTC to Coinbase Prime address 13 minutes ago, and transferred 700 BTC to 2 new addresses.

A Smart trader address bought 500.68 WBTC

BlockBeats news, on April 18, according to Lookonchain monitoring, a Smart trader address bought 500.68 WBTC (spending 30.76 million DAI), with an average price of $61,436. This address often trades BTC in a band, with a cumulative profit of $21.04 million.

The whale address starting with 18oPt has withdrawn 536 BTC from CEX in the past two weeks, worth $34.16 million

BlockBeats news, on April 18, according to The Data Nerd monitoring, the whale address starting with 18oPt withdrew 100 BTC from CEX 30 minutes ago, worth about $6.16 million. It is worth noting that the address has withdrawn 536 BTC from CEX in the past two weeks, worth $34.16 million, and has now lost $1 million.

Project Dynamics

Less than 1 day left for Bitcoin "halving"

BlockBeats news, on April 19, according to BTC.com, it is estimated that less than 1 day will pass before the fourth Bitcoin "halving", and there are 153 blocks left.

Block halving refers to the process of reducing the number of digital currencies generated per unit time, mainly by reducing block rewards. So far, the Bitcoin network has experienced three halvings in 2012, 2016 and 2020.

Avail announces airdrop rules and launches airdrop query website

BlockBeats news, on April 19, modular blockchain solution provider Avail announced airdrop rules and launched airdrop query website. The reward categories include developers of the entire blockchain ecosystem, incentivized test network contributors, aggregated users, Polygon PoS pledgers, and community members who have made significant contributions to the blockchain ecosystem. The details are as follows:

- Ecosystem developers: developers who have made significant contributions to Github repos - 90 million AVAIL;

- Incentivized testnet contributors: winners of the collision node incentive leaderboard and light client challenge - 49.5 million AVAIL;

- Ethereum L2 users: highly active users of Arbitrum One, OP Mainnet, Polygon zkEVM, Starknet and zkSync - 380 million AVAIL;

- Polygon PoS stakers: Polygon PoS stakers - 70 million AVAIL;

- Community contributors: individuals who have made significant contributions to the ecosystem in terms of education, publicity and governance - 10.5 million AVAIL.

Optimism's fourth round of retroactive fundraising will allocate 10 million OP to reward Superchain developers

BlockBeats news, on April 18, according to official news, Optimism announced that its fourth round of retroactive fundraising will allocate 10 million OP to reward Superchain developers. The detailed dates are as follows:

Registration starts: May 23

Registration ends: June 6

Application review process: June 6 - June 18

Voting: June 23 - July 8

Results and grant delivery: July 15

Merlin Chain's People's Launchpad shares will be available for claiming at 12:00 tomorrow

BlockBeats news, on April 18, Particle Network officials posted on social media that Merlin Chain's People's Launchpad MERL shares will be available for claiming at 12:00 tomorrow Beijing time. The MERL obtained by users participating in the Launchpad also needs to be claimed in 6 installments within 6 months, and will be released in the order of 50%, 25%, 12.5%, 6.25%, 3.125%, and 3.125%.

Aevo platform pre-launch launches ZeroLend (ZERO)

BlockBeats news, on April 18, according to official news, Aevo platform pre-market trading launched ZeroLend (ZERO).

Mind Network and Io.net reached a cooperation to improve security and efficiency

BlockBeats news, on April 18, according to Decrypt, Mind Network and Io.net reached a cooperation to introduce its FHE solution to Io.net's decentralized computing platform to help enhance the security and efficiency of encrypted artificial intelligence computing.

Injective has reached a cooperation with the Web3 mobile phone Jambo, and several Injective ecosystem dApps will be provided on JamboPhone

BlockBeats news, on April 18, according to official news, Injective has reached a cooperation with the Web3 mobile phone Jambo, and several Injective ecosystem dApps will be provided on JamboPhone, enabling millions of new users to access the Injective ecosystem.

Wormhole Foundation awards Wormhole ZK hardware acceleration contributor funding to Supranational

BlockBeats news, April 18, according to official news, Wormhole Foundation awarded Wormhole ZK hardware acceleration contributor funding to Supranational.

It is reported that Supranational designs and develops hardware-accelerated cryptography for verifiable and confidential computing. The team has decades of experience in algorithm optimization, and its work spans CPU, GPU, FPGA, and ASIC computing platforms.

Qtum will transform into an AI project, and the first phase will launch AI chatbots and AIGC mapping tools

BlockBeats news, on April 18, Qtum COO and co-founder Miguel Palencia said in an interview with GamesBeat that the project has some Nvidia 3000 series GPUs and will transform from a cryptocurrency mining operator to an AI chatbot and image operator.

Qtum Foundation’s GPUs will power the Quantum AI initiative, with the first phase including Qtum Solstice, a conversational chatbot similar to ChatGPT based on an open source model, and Qtum Qurator, a text-to-image generation model similar to Midjourney. After the first phase is deployed, the Qtum Foundation will immediately begin improving the underlying technology of the product. Miguel Palencia said the next two phases will include a modeling layer and finally a decentralized economic layer, which will bring together everything on the Qtum blockchain.

It is reported that Qtum currently has about 47 people. The company is headquartered in Dubai, and a detailed AI-related roadmap is still being developed.

Aethir launches hardware mining device Aethir Edge, allocating 23% of the total ATH to users

BlockBeats news, on April 18, according to chainwire, the decentralized cloud computing infrastructure project Aethir launched the hardware device Aethir Edge.

It is reported that Aethir Edge is powered by the Qualcomm® Snapdragon™ 865 chip, which can provide excellent performance for data-intensive workloads. 12GB LPDDR5 memory and 256GB UFS 3.1 storage ensure that there are sufficient resources for smooth parallel processing. The project party will reserve 23% of the ATH supply of Aethir's native token for users who use the device.

Nibiru Chain launches $15 million developer funding program

BlockBeats news, on April 18, according to venturebeat, Nibiru Chain launched a $15 million developer funding program, of which $5 million will be specifically used for projects outside of Asia. The funds will be paid through Nibiru's NIBI token, and the grant amount of a single NIBI ranges from $5,000 to $50,000. Successful applicants will also receive guidance support (and possible additional funding) from the venture capital firms behind Nibiru (including Tribe Capital, NGC Ventures, ArkStream, etc.).

SLERF founder: Currently only 4247 wallets need to be refunded

BlockBeats news, on April 18, the founder of SLERF posted on social media that currently only 4247 wallets need to be refunded, and he is very confident about the future of the community.

According to Dune data, as of now, the total transaction volume of SLERF on DEX has reached 6.05 billion US dollars, and the amount of token destruction is about 6.725 million US dollars.

Ondo Finance has reached a cooperation with Noble Chain to introduce its tokenized products into the Cosmos ecosystem

BlockBeats news, on April 18, according to Coindesk, Ondo Finance announced a cooperation with Noble Chain, an asset issuance chain based on Cosmos, to introduce its tokenized products into the Cosmos ecosystem. The first asset that Ondo plans to issue locally through Noble is USDY, a tokenized note backed by short-term U.S. Treasury bonds with an annual yield of 5.2%, which is aimed to be issued at the end of the second quarter of this year. USDY is currently available on Ethereum, Solana, Mantle and Sui.

Aptos Labs and Microsoft collaborate to develop institutional-grade digital asset platform Aptos Ascend

BlockBeats news, on April 18, according to The Block, Aptos Labs has established a new partnership with Microsoft, Brevan Howard, SK Telecom and Boston Consulting Group to develop a digital asset management platform for financial institutions, Aptos Ascend, which aims to expand decentralized finance to institutional capital through the Aptos network and increase tokenized asset liquidity worldwide.

Aptos Ascend is a digital asset management platform for financial institutions. The product will use Microsoft Azure (a cloud computing platform) and Azure OpenAI services (a large language model that can support generative artificial intelligence applications). Aptos Ascend will also use Brevan Howard's market investment expertise to guide financial institutions in providing digital currency and asset management services to customers, as well as SK Telecom's Web3 technology, such as wallet-as-a-service capabilities.

Sequoia Capital-backed cryptocurrency vault management platform Multis acquired by Safe

BlockBeats news, April 18, according to The Block, crypto wallet infrastructure provider Safe acquired Sequoia Capital-backed crypto vault management platform Multis. The acquisition brings Multis' technology and its senior leadership team into the Security Ecosystem Foundation. Thibaut Sahaghian, former CEO of Multis, is becoming a core contributor in the Safe ecosystem as head of network abstraction.

Manta Network will distribute 3 million MANTA to users who destroy NFTs, snapshot on April 24

BlockBeats news, on April 18, according to official news, Manta Network announced that after the Renew Paradigm event, 3 million MANTA rewards will be distributed according to the number of NFTs destroyed by participants during the event. A snapshot of the NFT destruction address will be taken at 22:00 on April 24, Beijing time, to calculate the MANTA rewards. Officials remind users to ensure that all NFTs are destroyed before the deadline.

CeFi News

Cryptocurrency trading platform Kraken acquires TradeStation Crypto

BlockBeats news, on April 19, cryptocurrency trading platform Kraken acquired TradeStation Crypto, a digital asset-focused division of online brokerage firm TradeStation, to expand its regulatory license in the United States.

A Kraken spokesperson said: "We can confirm that Kraken recently purchased TradeStation's crypto business. This transaction is part of our efforts to accelerate our business in the United States and will bring further growth and new product opportunities to Kraken in the United States." The company declined to disclose the amount paid. The acquisition has not been publicly disclosed before.

BlockBeats previously reported that on February 8, the U.S. SEC announced that Florida-based TradeStation Crypto was accused of failing to register the issuance and sale of a cryptocurrency lending product that allows U.S. investors to deposit or purchase crypto assets into TradeStation accounts in exchange for the company's promise to pay interest. To resolve the SEC's charges, TradeStation agreed to pay a $1.5 million fine.

Balancer and Puffer cooperate to launch pufETH pool, providing double points

BlockBeats news, on April 19, according to official news, Balancer and Puffer reached a cooperation to launch pufETH pool, providing Puffer Points.

Coinbase International will launch WIF perpetual contract

BlockBeats news, on April 19, according to official news, Coinbase will add support for Dogwifhat (WIF) perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The WIF-PERP trading pair will start at or after 9:30 am on April 25, 2024, UTC.

Binance Web3 wallet will airdrop 1 million ZKL to users

BlockBeats news, on April 18, according to official news, Binance Web3 wallet will airdrop a total of 1 million ZKL (zkLink Nova) to users.

Amber Group participates in Layer N liquidity program and provides US$20 million in funding

BlockBeats news, on April 18, according to Decrypt, Layer N announced the launch of a new liquidity incentive program. Amber Group will become the first participant in this groundbreaking program and will provide US$20 million in funding.

Viewpoint data

Grayscale GBTC net outflow was about 90 million US dollars yesterday

BlockBeats news, April 19, according to Farside Investors data, yesterday (April 18) Grayscale GBTC net outflow was about 90 million US dollars.

BITB had a net inflow of approximately $12.8 million, and ARKB had a net inflow of approximately $9.5 million.

Deutsche Bank: The positive impact of Bitcoin halving has been partially digested, and the increase is expected to be limited after the halving

BlockBeats news, April 18, according to Coindesk, Deutsche Bank (DB) said in a research report on Thursday that it is expected that the Bitcoin reward halving in the next few days has been partially digested by the market, and this cryptocurrency is unlikely to see a large increase after the halving.

Analysis: Bitcoin traders' unrealized profit rate is basically zero

BlockBeats news, on April 18, CryptoQuant research director Julio Moreno posted on social media that bitcoin selling pressure may be declining because the unrealized profit rate is basically zero. The realized price of traders (currently about $60,000, the pink line in the figure) has supported the price during the bull market.

Greeks.live Researcher: Option Data Shows Bitcoin Bulls Still Have Strength

BlockBeats news, on April 18, Greeks.live researcher Adam posted on social media that although Bitcoin fell below the $60,000 mark yesterday and Ethereum fell below the $3,000 mark, and market panic spread extremely, the IV of major term options is declining significantly.

This is mainly due to the sharp drop in the price of call options. The current monthly skew has hit a new low since this round of bull market, that is, the price of put options is much higher than that of call options, and at the same time, the medium and long-term options have fallen to near the zero axis. Judging from the option indicators, Ethereum's bulls are relatively fragile and have limited ability to lead the market. The bullish power of Bitcoin still exists, and the halving will happen this Saturday. This month's bull market still needs Bitcoin to lead.

The number of initial jobless claims in the United States for the week ending April 13 was 212,000, while expectations were for 215,000.

According to BlockBeats, on April 18, the number of initial jobless claims in the United States for the week ending April 13 was 212,000, while expectations were for 215,000 and the previous value was 211,000. (Jinshi)

CertiK: A total of 224 security incidents occurred in Q1, of which 47 incidents saw hackers send a total of $220 million directly to CEX

BlockBeats reported that on April 18, CertiK Alert posted on social media that in the 224 incidents recorded in the first quarter of 2024, it was found that the most common method for hackers to launder stolen funds was still using Tornado.Cash, but the amount laundered through this method was only $69 million.

In 47 of these incidents, funds were sent directly to the trading platform (without using other listed money laundering methods), amounting to $220 million, some of which have been frozen.

Financing Express

Blast Ecosystem DEX Project Thruster Completes $7.5 Million Seed Round with $70 Million Valuation, Pantera Capital Leads Investment

BlockBeats News, April 18, according to The Block, Blast Ecosystem DEX Project Thruster completed $7.5 million seed round with $70 million valuation, this round of financing was led by Pantera Capital, OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures and Arche Fund (formerly Coin98 Ventures) participated.

Angel investors include Santiago Santos, Frax founder Sam Kazemian, Pendle founder TN Lee, Stacked founder Alex Lin, Renzo founder Kratik Lodha and Axelar founder Georgios Vlachos

Web3 game platform Circle of Games completes US$1 million in financing, with participation from The Hashgraph Association and others

BlockBeats news, April 18, according to entrepreneur reports, Web3 game platform Circle of Games completed US$1 million in equity financing, with participation from Nazara Technologies FZ LLC and The Hashgraph Association. COG plans to use the new funds to rapidly advance its go-to-market strategy, enhance platform capabilities, and expand its international presence in the United States, the European Union, the Middle East and Africa, and Asia in 2024.

Runes DEX completes $2 million seed round of financing

BlockBeats news, on April 18, according to The Block, Runes DEX completed a $2 million seed round of financing. The funds from this round of financing will be used to expand Runes DEX's technical infrastructure and enhance its user interface.

MerlinStarter Completes Seed Round Financing, Amber Group and Others Participate

BlockBeats News, on April 18, according to official news, Merlin Chain Ecosystem Launchpad Platform MerlinStarter completed seed round financing, this round of financing was participated by Amber Group, Arkstream Capital, MoonHill Capital, Cogitent Ventures, Mapleblock, CGV and Sidedoor Ventures. The specific amount has not been disclosed.

Regulatory News

Informed sources: CZ's relinquishment of voting control over Binance FZE is the last step in obtaining Dubai's VASP license

BlockBeats news, April 19, Bloomberg quoted informed sources as saying that Binance recently obtained Dubai's comprehensive cryptocurrency license, which is the result of the company's long-sought. The condition is that Binance founder CZ agreed to give up voting control of the local entity. Binance CEO Richard Teng confirmed the news in an interview on Thursday.

The Dubai Virtual Asset Regulatory Authority's register shows that Binance's local subsidiary Binance FZE has held the so-called operating MVP license to provide broker-dealer and exchange services since mid-2023, which is a transitional stage before obtaining a VASP license.

People familiar with the matter revealed that CZ's relinquishment of voting control over Binance FZE, a Dubai subsidiary, is the last step Binance needs to take before obtaining a VASP license. Local officials want to ensure that Dubai does not violate the agreement reached between Binance and US authorities.

Judge to sentence Mango Markets attacker on July 29

BlockBeats news, on April 19, according to CoinDesk, a Manhattan jury in New York found Mango Markets attacker Avi Eisenberg guilty of fraud and market manipulation. New York District Court Judge Arun Subramanian will sentence him on July 29.

BlockBeats previously reported that on April 12, Avraham Eisenberg could face up to 20 years in prison if all three charges of trading on the DeFi trading platform Mango Markets in October 2022 were found guilty by the jury. These transactions earned him at least $110 million worth of various cryptocurrencies. The authorities tried to portray the transactions as illegal profits from market manipulation, while the defense called it a legitimate trading strategy.

Tether CEO: The Big Four accounting firms dare not cooperate with Tether for fear of damaging their reputation

BlockBeats news, on April 19, Tether CEO Paolo Ardoino said in an interview with dlnews that the Big Four accounting firms (Deloitte, PwC, EY and KPMG) dare not cooperate with Tether for fear of damaging their reputation. This is also the reason why Tether has not been able to release its reserve audit report to the public.

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