Rhythm Evening News｜SHIB team completes $12 million in financing; CoinShares says some Bitcoin mining companies may turn to the AI field after halving

Featured News:

1.UNIBOT rose above $16, up 11.3% in 24 hours;

2. Analysis: Justin Sun's address may have increased holdings of nearly 300,000 ETH in the past two months;

3.Galxe initiated a vote to change the token name GAL to G, and suggested a split at a ratio of 1:60;

4.CoinShares: Some Bitcoin mining companies may turn to the AI field after halving;

5.SHIB team completed $12 million in financing, with Polygon Ventures and others participating

Price Observation

The U.S. stock encryption sector rose before the market, and Riot Platform rose nearly 6%

According to market data, the U.S. stock encryption sector rose generally before the market, Riot Platform's stock price rose nearly 6%, Marathon Digital's stock price rose nearly 5%, Hut 8's stock price rose nearly 4%, and Coinbase's stock price rose 3%.

ORCA rose above $3.1, a 24-hour increase of 17.8%

According to coingecko data, ORCA rose above $3.1 and is now quoted at $3.14, a 24-hour increase of 17.8%.

UNIBOT rose above $16, up 11.3% in 24 hours

According to Bitget market data, UNIBOT rose above $16 and is now quoted at $16.2, up 11.3% in 24 hours.

GAL rose above $4.8, up 16.3% in 24 hours

According to OKX market data, GAL rose above $4.8 and is now quoted at $4.83, a 24-hour increase of 16.3%.

RBX rose above $0.14, a 24-hour increase of 44.9%

According to CoinGecko data, RabbitX (RBX) rose above $0.14 and is now quoted at $0.1424, a 24-hour increase of 44.9%.

PRCL rose above $0.68, up 34% in 24 hours

According to CoinGecko, Parcl (PRCL) rose above $0.68 and is now quoted at $0.6871, up 34% in 24 hours.

BNB rose to $600, up more than 4% in 24 hours

According to Binance market data, BNB rose to $600, up more than 4% in 24 hours.

Bitcoin breaks through $66,000

According to OKX market data, Bitcoin broke through $66,000 and is now quoted at $66,032, with a 24-hour increase of 1.35%.

Ethereum rebounded above $3,200

According to OKX market data, Ethereum rebounded above $3,200, with a 24-hour increase of 1.03%.

Transaction tracking

The whale address starting with 0xf22B has hoarded 845,000 AEVO in the past 5 days

According to data monitoring by The Data Nerd, the whale address starting with 0xf22B began to hoard AEVO during the market decline. Yesterday, it bought 199,000 AEVO (about 366,000 US dollars) at an average price of US$1.69, and has hoarded 845,000 AEVO (about 1.4 million US dollars) in the past 5 days.

An options trader paid $457,000 in premium today to buy a $3,400 call option for 13,500 ETH

According to official information from Derbit, before the opening of the U.S. stock market today, the largest option block transaction in ETH options trading was a trader paying $457,000 in premium to buy a $3,400 call option for 13,500 ETH.

A whale deposited 10,742 ETH into Aave and lent out 22.36 million USDT

According to @ai_9684xtpa, a whale has deposited 10,742 ETH (about 34.37 million USD) into Aave and lent out 22.36 million USDT.

Due to the rise in ETH price, its health also rose to 1.27, and the liquidation price was updated to 2523 USD.

It is suspected that MakerDAO multi-signature recently transferred 4535 MKR to Wintermute

According to Spot On Chain monitoring, the suspected MakerDAO multi-signature address transferred a total of 4,535 MKRs, equivalent to approximately $14.4 million, to Wintermute Trading in the past two weeks.

The tokens were then deposited into trading platforms such as Binance, Coinbase or Kraken. Currently, the multi-signature address still holds 21,928 MKRs, equivalent to approximately $65.8 million.

Analysis: Justin Sun's address may have increased holdings of nearly 300,000 ETH in the past two months

According to Lookonchain monitoring, the suspected Justin Sun address has deposited 787 million USDT to Tron on Binance since March 31. Also on March 31, a mysterious wallet was created on Ethereum and withdrew $96.8 million worth of stablecoins from Binance.

Then, the mysterious wallet began to buy ETH from Binance and DEX, a total of 127,388 ETH (about $405.19 million) at an average price of $3,172. Justin Sun's wallet purchased 168,369 ETH (about $487 million) from Binance and DEX between February 12 and February 24, at an average price of $2,894. The transaction behavior of these two wallets is very similar, and it is very likely that both belong to Justin Sun.

If the speculation is true, then since February 12, Justin Sun has purchased a total of 295,757 ETH (about $891 million) from Binance and DEX at an average price of $3,014.

Project Dynamics

BNB Chain updates opBNB roadmap and introduces support for transactions carrying blobs to the network through BEP-336

According to official news, BNB Chain has updated the opBNB roadmap, introducing support for transactions carrying blobs to the network through BEP-336, thereby reducing the opBNB Layr 1 data cost.

ssv.network integrates with ether.fi to achieve elastic re-staking

According to official news, Ether.fi decided to integrate SSV into its protocol to enhance the resilience of the Ethereum base layer and mitigate potential risks, and strengthen its re-staking operations to prevent client errors, geographical risks and other failures that may undermine the performance of validators.

RunesFactory announces the launch of BTC ecosystem asset liquidity solution

According to official news, RunesFactory announced the launch of a one-stop Liquidity solution for BTC ecosystem assets, focusing on the liquidity issues of BTC long-tail assets and building a liquidity management and decentralized asset efficiency improvement platform. The platform supports BTC ecosystem asset staking, liquidity pool creation, and allows synthetic asset lending through collateral.

Merlin Chain jointly launched the Bitcoin Runes incubator with OKX Ventures, Franklin Templeton, and OnePiece Labs

According to official news, Bitcoin's second-layer network Merlin Chain announced that it will jointly launch the Bitcoin Runes incubator with partners such as OKX Ventures, Franklin Templeton, and OnePice Labs to help the development of early Runes projects and promote innovation in the Runes ecosystem.

It is reported that Merlin Chain and its partners will provide MERL token rewards (worth about $50,000), targeted guidance, ecological resources, and up to $2 million in investment support for each project selected for the incubator.

Unibot launches growth plans such as token repurchase

Unibot officials posted on social media that they will launch three growth plans including "recommendation system", "token repurchase" and "rewards". Among them:

·"Recommendation system" can formulate activities to increase the rewards of participants. All referral commission rewards will be airdropped through the Base ecosystem every Friday.

·"Token repurchase" shows that the team is allocating a large amount of ETH for token repurchase in a few months, and all related transactions and wallet addresses will be disclosed publicly to ensure investor transparency. Every time the balance reaches 0.5 ETH, the 2% Unibot token tax will be automatically allocated to the token repurchase.

· The new "reward" will be more transparent and easier for small investors to accept. The old reward system will be stopped, and the new holder reward dashboard will include ETH and Solana fees.

Mina plans to upgrade to Berkeley on June 4, which will enhance ZK programmability

According to official news, the lightweight blockchain network Mina plans to upgrade to Berkeley on June 4, which aims to enhance the ZK programmability of the Mina network.

Galxe initiated a vote to change the token name GAL to G, and proposed a split at a ratio of 1:60

Galxe officially launched the [GP25] proposal on Snapshot, intending to migrate the token symbol and token contract, and convert the token symbol from GAL to G. The motivation for this move is driven by strategic needs and market considerations applicable to the Galxe ecosystem. In addition, the Galxe team has reviewed this proposal and recommends adding the following:

- GAL tokens will be exchanged for G tokens at a rate of 1:60. This means that for every 1 GAL token, the holder will be granted 60 G tokens.

- The total supply of G tokens will be changed to 12,000,000,000, which is 60 times the current total supply of GAL tokens of 200,000,000.

Merlin Chain: Users please do not deposit M-ORDI/M-SATS into CEX

Merlin Chain posted on social media that users please do not deposit M-ORDI/M-SATS into CEX. They need to wait for the ORDI/SATS that are about to be unstaked. Only after the stake is released can users deposit it into CEX, which only requires a small gas fee.

SatoshiVM will launch Runes Bridge on the testnet next week, followed by the Alpha mainnet

Bitcoin Layer2 project SatoshiVM announced that it will launch Runes Bridge on the testnet next week, followed by the Alpha mainnet.

When Runes Bridge goes live, it will give priority to the community's most anticipated Runes tokens. In addition, the team will use SAVM tokens in the ecosystem fund to reward early rune-related users.

MerlinSwap has launched MERL trading and launched a trading competition

According to official news, Merlin Chain ecosystem DEX MerlinSwap has launched MERL token trading, with a trading volume exceeding 1 million US dollars and a temporary price of 1.06 US dollars on the chain.

MerlinSwap simultaneously launched a MERL token trading competition. Trading MERL, providing MERL/WBTC liquidity, or buying MERL at the lowest price every hour (within 24 hours of listing) can share a prize pool worth 18,000 US dollars, which will be distributed in the form of esMP.

Pendle will open a long-term ezETH pool and increase ezPoints rewards by 3 times

Ethereum liquidity re-staking protocol Renzo announced that Pendle will open its new long-term ezETH pool today (until December 24, 2024) and increase ezPoints rewards by 3 times. At the same time, users can also get EigenLayer points as well as ETH re-staking and AVS rewards.

Viewpoint Data

The traditional market panic index has soared, and Bitcoin's implied volatility index DVOL has recently declined

According to CoinDesk, the stock and bond market volatility indexes VIX and MOVE in the traditional financial market have risen in risk aversion recently. Compared with the traditional market, Bitcoin's callback has once again stood out, showing almost no panic, and Bitcoin's implied volatility index DVOL has stepped out of the differentiation trend. Since 2023, Bitcoin's implied volatility index has been positively correlated with its price, and it has rebounded with the rebound of Bitcoin's price, which is usually a feature of a bull market.

Bernstein: The birth of Runes brings the Bitcoin network into "DeFi Summer"

Analysts at research and brokerage firm Bernstein said that the Bitcoin network has set a record high in daily miner rewards and transaction fees, driven by the newly born Runes token standard. The network is currently experiencing a "DeFi Summer" moment, and users can see more utility-based tokens on Bitcoin over time.

ETC Group Research Director: Halving may not really affect the market until 100 days later

André Dragosch, head of research at ETC Group, said that last week, global crypto hedge fund beta values saw a sharp downward reversal, dominated by Bitcoin long futures liquidations. But crypto assets have now rebounded from losses caused by geopolitical tensions during the Bitcoin halving.

André Dragosch believes that any positive effects related to the halving have not yet been reflected in the market, and such effects may not begin to appear until about 100 days after the halving occurs, because the supply shortage caused by the Bitcoin halving will only accumulate over time.

CoinShares: Digital asset investment products outflowed $206 million last week

According to CoinShares data, digital asset investment products had a total outflow of $206 million for the second consecutive week last week, and ETP trading volume fell slightly to $18 billion.

Among them, Bitcoin funds outflowed $192 million, and short Bitcoin funds outflowed $300,000. Ethereum funds outflowed $34 million, and outflows occurred for the sixth consecutive week. Litecoin and Chainlink inflows were $3.2 million and $1.7 million, respectively. Blockchain stocks have seen a total outflow of $9 million for 11 consecutive weeks.

CoinShares: Some Bitcoin mining companies may turn to the field of AI after halving

According to a report released by CoinShares, cryptocurrency miners may turn to the field of artificial intelligence (AI) after Bitcoin halving. The halving will cause miners to face a significant increase in costs, with electricity and overall production costs almost doubling. Miners may try to reduce these higher costs by optimizing energy costs, increasing mining efficiency, and purchasing more affordable hardware, but the potential benefits of repurchasing obsolete computing equipment and repurposing it for (AI) may be higher. Coinshares noted that mining companies such as BitDigital (BTBT), Hive (HIVE), and Hut 8 (HUT) already generate revenue from AI. Meanwhile, TeraWulf (WULF) and Core Scientific (CORZ) already have AI businesses or plans to develop them. Coinshares noted that mining companies such as BitDigital (BTBT), Hive (HIVE), and Hut 8 (HUT) already generate revenue from AI. Meanwhile, TeraWulf (WULF) and Core Scientific (CORZ) already have AI businesses or plans to develop them.

Ethereum network Gas has remained below 10 Gwei for most of the past three days

According to ultrasound.money data, Ethereum network Gas has remained below 10 Gwei for most of the past three days.

friend.tech secondary market points are temporarily reported at US$3.75

According to Whales.market data, friend.tech secondary market points are temporarily reported at US$3.75, down 6.5% in 24 hours. The total 24-hour trading volume was $104,277.4.

The open interest of Bitcoin futures contracts across the network fell to $30.43 billion

According to Coinglass data, the open interest of Bitcoin futures contracts across the network is 470,480 BTC (about $30.43 billion).

Among them, the open interest of CME Bitcoin contracts was 143,230 BTC (about 9.24 billion US dollars), ranking first;

The open interest of Binance Bitcoin contracts was 104,370 BTC (about 6.76 billion US dollars), ranking second.

Ethena reserve fund increased to 36.8 million US dollars

According to data from Ethena's official website, as of April 21, the reserve fund of the stablecoin protocol Ethena reached US$36.8 million. In the past month, the reserve fund increased by US$15.3 million.

Financing Express

SHIB team completed US$12 million in financing, with participation from Polygon Ventures and others

According to The Block, the Shiba Inu (SHIB) team completed US$12 million in financing by selling its unissued token TREAT to non-US venture capital investors. This round of financing was participated in by Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures.

Shiba Inu lead developer Shytoshi Kusama said the round began a few months ago and ended earlier this month. He declined to comment on the valuation. Sources said it was a round of financing in tranches, with valuations of $75 million, $100 million and $200 million for each tranche. Shytoshi Kusama also confirmed that the token sale rounds included a Pre-Seed round and a Seed round.

According to Shiba Inu, the TREAT token is the "utility and governance token" for its new privacy-focused Layer 3 blockchain, which is built on the Ethereum Layer 2 blockchain Shibarium. Kusama said TREAT will be the last non-stable token in the Shiba Inu ecosystem, which will launch a new token called Shi later this year.

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