Ajibola (@sultnarif) • Hey
◱ ◱ Web3 analyst
Publications
- Autism Capital calls for Vitalik to return to X (Twitter), rather than isolating himself on an island with his peers, where a larger community will have greater influence. Elon Musk also responded and asked why Vitalik left X. Vitalik currently speaks mainly on the decentralized platform Farcaster, after his Twitter account was hacked and phishing links were posted.
- Binance Labs announces its investment in StakeStone, a staking protocol aimed at connecting cross-chain liquidity and providing staking, future re-staking yields, and liquidity for emerging chains and ecosystems.
- Avalanche announces collaboration with Chainlink and Australia and New Zealand Banking Group to explore on-chain asset settlement. The cooperation aims to connect the Avalanche network with Ethereum to enable the circulation and settlement of tokenized assets globally.
- FTX has struck $ 884 million in deals with two dozen buyers, including an Abu Dhabi investor, to sell most of its shares in Anthropic, an artificial-intelligence startup that counts Amazon and Google among its backers. FTX invests $ 500 million in Anthropic in 2021.
- The London Stock Exchange has announced that it will accept listing applications for Bitcoin and Ethereum crypto ETNs from April 8, 2024. The first cryptocurrency ETNs will begin trading on May 28, 2024, subject to approval from the Financial Conduct Authority.
- Worldcoin is implementing Personal Custody. Personal Custody involves four components: device, the orb, a data package containing images and a temporary backend storage for transit. The backend cannot decrypt your data package.
- Montenegro’s Supreme Court placed a pause on Terra founder Do Kwon’s pending extradition from the Balkan country, issuing an order on Friday that overturns earlier decisions from two lower courts to extradite Kwon to his native South Korea.
- Defillama shows that the Ethereum re-staking protocol Renzo TVL exceeded $ 1.279 billion, becoming the second largest re-staking protocol. In the past month, Renzo’s TVL has increased by 215% monthly, and a seven-day increase of more than 33%.
- The U.S. SEC once again delayed its decision on whether to approve Grayscale’s Ethereum futures ETF application in a filing on Friday. The new deadline is May 30. The SEC said it needs sufficient time to consider the proposed rule changes and the issues they raise.
- There are rumors in the Chinese community that StarXu, the founder of OKX, the second largest cryptocurrency offshore exchange, is under investigation by the United States. Star posted three tweets to refute the rumors. Similar rumors often arise after CZ was criminally prosecuted by the United States.
- The U.S. SEC’s probe of the Swiss-based Ethereum Foundation began shortly after the blockchain’s shift to a new governance model known as “proof-of-stake” in September of 2022. The SEC is trying to classify ETH as a security.
- U.S. Representative Patrick McHenry and Senator Cynthia Lummis both said that it is possible that Congress will pass a stablecoin bill this year, but could not say when that would happen. A viable stablecoin bill has been largely settled in the House of Representatives, with only a floor vote to be scheduled.
- Coinbase Derivatives will begin futures trading on DOGE, LTC, and BCH on April 1. The exchange is leveraging self-certification with the U.S. CFTC to quickly list and ensure compliance. All three cryptocurrencies are derived from Bitcoin and are considered commodities by the SEC.
- BlackRock has officially launched its tokenized asset fund on the Ethereum network and made a strategic investment in asset tokenization company Securitize. The fund, represented by the blockchain-based BUIDL token, is fully backed by cash, U.S. Treasuries and repurchase agreements, and will pay daily earnings via the blockchain to token holders.
- BlackRock has officially launched its tokenized asset fund on the Ethereum network and made a strategic investment in asset tokenization company Securitize. The fund, represented by the blockchain-based BUIDL token, is fully backed by cash, U.S. Treasuries and repurchase agreements, and will pay daily earnings via the blockchain to token holders.
- Paul Grewal, chief legal officer of Coinbase, said that ETH is a commodity, not a security, which is the position the SEC has taken for years, and that the SEC has no good reason to reject the ETH ETP application. The CFTC and federal courts have unanimously confirmed that ETH is a commodity.
- A large ETH transaction worth over $ 16 million on Wednesday was used to purchase Punk #7804 in the CryptoPunks NFT. Punk #7804, one of only nine Alien Punks, traded for 4,850 ETH on Wednesday afternoon. This makes it the second most expensive CryptoPunks sale ever.
- SBF's defense team filed a sentencing memorandum last month urging Judge Lewis Kaplan to impose a lighter sentence of no more than 6.5 years. The defense also submitted multiple letters of recommendation from SBF parents, former FTX employees and others. SBF's sentencing is scheduled for March 28 at 9:30 a.m. ET.
- SLERF's market value has surpassed BOME and become the eighth largest MEMECOIN, with a market value of US$ 612 million. Exchanges such as BingX, HTX, and Bitget announced that they will donate all transaction fees generated from SLERF transactions to support the SLERF community. As of 14:00 (UTC+8), the donation address for SLERF (fCuw5p…iX3Pzb) has received over 2,300 SOL (worth approximately 430,000 USD) and about 16,000 USD in various SPL tokens.
- Japan’s Government Pension Investment Fund, the world’s largest pension fund with $ 1.5 trillion under management, announced that it will seek information on business diversification, including Bitcoin, gold, forests and farmland.
This announcement is a request for information and does not indicate that the fund will expand its investment targets in the future. It will consider whether to conduct future research based on the information collected. BBG
- Michael Saylor announced that MicroStrategy purchased approximately 9,245 Bitcoins for $ 623 million between March 11 and March 18. As of March 18, 2024, MicroStrategy holds 214,246 BTC, with an average purchase price of $ 35,160. Its holdings exceed 1% of the total BTC supply, with a current unrealized profit of about $ 6 billion.
- Solana co-founder Toly forwarded ZachXBT’s statistical chart on the Solana pre-sale project and expressed his hope to stop doing this. Nearly 27 pre-sales on the Solana raised more than 655,000 SOL ($ 122.5 million). The top three projects are: smole initiated by artist 0xDekadente, pre-sale initiated by Whales Market founder Dexter_Cap, pre-sale project Slerf.
- Avalanche MEME project Sender fell sharply by more than 70%. The original fundraising Twitter account 4msener was suspected of deleting and was questioned by RugPull. Sender raised 93,000 AVAX, worth $ 5.3 million, of which 20,000 AVAX were used to add liquidity, and the remaining 73,000 AVAX were transferred to three addresses.
- Option agency QCP Capital pointed out that the market is particularly nervous about BTC below 65k and ETH below 3k level, overnight BTC spot ETF inflows came in weak at $ 132.7m nett which is a very steep drop in demand, some sizeable unwinding of calls by institutional players who were the ones buying calls aggressively on the way up. — link
- After the Dencun upgrade, the cost of L2 sending data to Ethereum was significantly reduced. Optimism dropped from $ 307.91 to $ 4.18; Arbitrum dropped from $ 297.87 to $ 31.59; zkSync dropped from $ 320.75 to $ 36.5; the data costs of L2 such as Base, Zora and Mode all dropped by more than 90%.
- Cetera Financial Group, a wealth management company with $ 190 billion in assets under management, has approved four Bitcoin ETFs - BlackRock, Fidelity, Franklin, and Invesco Galaxy - for advisors to choose to include such funds in client portfolios.
- The Hong Kong SFC issued another warning today, warning the public to beware of the MEXC unlicensed virtual asset trading platform, and stated that MEXC has been actively promoting its services to Hong Kong investors. Yesterday, the SFC placed Bybit on the warning list.
- Binance has spun off its billion-dollar venture capital arm earlier this year. This investment division is no longer part of the Binance Group and does not participate in any of the group's operations, though it has been authorized to use the Binance brand. Binance Labs has invested in about 250 projects, with the book value of its assets currently exceeding 10 billion dollars. —link
- The Arizona state Senate has advanced a resolution that would have lawmakers and state retirement fund managers look into allocating a portion of portfolios to bitcoin ETFs. The state Senate passed the resolution in a 16-13 vote late last month.
- MicroStrategy founder Michael Saylor said new spot Bitcoin ETFs launched by the likes of BlackRock and Fidelity have exceeded expectations and are beginning to compete with S&P 500 ETFs. Saylor believes that while the gold ETF remains the largest commodity ETF in the United States, Bitcoin-related products are expected to surpass gold ETFs in the near future.
- SEC seeks deadline extension on Ripple case
The Securities and Exchange Commission has requested an extension to the deadline to file remedies-related discovery documents submitted by Ripple.
- Binance Labs has announced the list of 13 selected teams for the MVB Accelerator Program Season 7. The DeFi field includes BitU, Blum, Surf, and Vooi; the infrastructure field includes Aggregata, Nesa, and Nimble; the application includes Aspecta, Holoworld, Opinion Labs, Side, Story Chain, and Tilted.
- BitMEX Research shows that as of Friday, U.S. spot Bitcoin ETFs hold a total of 776,464 BTC (worth approximately $ 47.7 billion), while the number of Bitcoins currently in circulation is 19.64 million. BTC held by the US spot Bitcoin ETF is close to 4% of the total circulation.
- Grayscale said that if inflation remains high, U.S. Fed officials may delay interest rate cuts until later this year or 2025, it may be good for the dollar but bad for Bitcoin. The acceleration of U.S. inflation and the reduced possibility of the Fed cutting interest rates may be the main reasons that hinder the rise of cryptocurrency prices in the future.
- UK law enforcement agencies increased their ability to seize cryptocurrency assets in criminal cases, including terrorism, expected to come into effect on April 26. This week the UK approved secondary legislation giving law enforcement the power to seize and freeze criminal cryptocurrencies, allowing for the confiscation of cryptocurrencies related to crime.
- If you hold any of these nft in your hashpack wallet, congratulations you're getting $pack airdrop.
Associate $pack today in your wallet now
0.0.4794920
https://twitter.com/HashPackApp/status/1763575560658100415?t=DZ23def0csLOqHGyRfTVYA&s=19
- The Robinhood Crypto wallet has integrated Arbitrum, allowing users to exchange tokens using Arbitrum. Robinhood Wallet also supports cryptocurrency sending and receiving on Ethereum, Bitcoin, Polygon, Optimism, and Base networks. Robinhood Wallet launched a year ago and is currently only available on iOS.
- According to TokenUnlocks, large-amount unlocks in March include SUI APT ARB APE MANTA PIXEL IMX ID YGG OP PRIME, etc., with an unlock value of over 2.919 billion US dollars; of which the ARB unlock value is approximately 2.212 billion, including 673 million ARBs belonging to team/advisors and 438 million ARBs belonging to investors.
- Galaxy Digital founder Michael Novogratz said Bitcoin could see some pullback before hitting new highs. Novogratz predicts that BTC may retrace to around $ 55,000 as retail traders become over-leveraged before reaching new highs. Additionally, he expects an Ethereum spot ETF to receive SEC approval sometime this year.
- Solana lending protocol marginfi announces the launch of YBX, an over-collateralized stablecoin based on liquidity-collateralized tokens, backed by jitoSOL, mSOL, bSOL, and LST. It is expected to launch on the mainnet in mid-to-late March. With $ 580 million in marginfi TVL, marginfi is the third largest TVL protocol on Solana.
- Solana lending protocol marginfi announces the launch of YBX, an over-collateralized stablecoin based on liquidity-collateralized tokens, backed by jitoSOL, mSOL, bSOL, and LST. It is expected to launch on the mainnet in mid-to-late March. With $ 580 million in marginfi TVL, marginfi is the third largest TVL protocol on Solana.
- The brokerage units of Bank of America Corp.'s Merrill Lynch and Wells Fargo are offering Bitcoin spot ETFs to clients, with the banks first offering the approved ETF product to some wealth management clients with brokerage accounts.
- Bitcoin cloud power service provider BitFuFu announced the completion of SPAC and will begin trading on Nasdaq on March 1. BitFuFu's revenue in the first half of 2023 reached $ 134.2 million, managing 131k mining machines, and its hashrate reached 15.2EH/s. Bitmain and AntPool have committed to lead a total of $ 74 million in PIPE financing.
- The Magic Eden Bitcoin market has reached $ 100 million in trading volume in February and captured $ 2 million in fees, both record highs. 45k buyers have made Bitcoin NFT purchases through Magic Eden this month. Bitcoin NFTs have generally experienced a rise recently, with NodeMonkes rising 105% in the past 7d, Bitcoin Puppets rising 130%, etc.
- Binance Labs has invested in Babylon, a Bitcoin staking protocol that pioneers the concept of native Bitcoin staking allowing users to stake bitcoins for PoS blockchains and earn yields without any third-party custody, bridge solutions or wrapping services. It provides slashable economic security guarantees to the PoS chains while ensuring efficient stake unbonding to enhance liquidity for Bitcoin holders.
- Ethereum Foundation: The Dencun network upgrade has successfully activated on all testnets. It is now set for deployment on the Ethereum mainnet and will activate on the network at epoch 269568, occuring on March 13, 2024 at 13:55 UTC. Most notably the introduction of ephemeral data blobs with EIP-4844, also known as "protodanksharding", which will help reduce L2 transaction fees.
- Justin Sun showed that his personal HTX account has approximately US$ 1.6 billion, equivalent to 28,613 BTC, and stated that it was to prove that HTX was being used by him. As of February 1, 2024, HTX reserve certificates show 540 million USDT, 21,543 BTC, 109,000 ETH, and 9.4 billion TRX. This means that Justin Sun's personal assets may exceed half of HTX's reserves.
- Japan crypto exchange Coincheck and Circle announced today plans for a partnership to expand USDC access in the Japanese market. Coincheck has over 1.91 million verified users. Coincheck's initiative to incorporate USDC as part of its products and services is subject to obtaining registration of an Electronic Payment Instrument Services under the Payment Services Act.
- Uniswap announced three new releases to help users swap smarter: the Uniswap Extension, Limit Orders, and Data & Insights. The Uniswap Extension is a wallet extension to live in browser’s sidebar. Users can place a Limit Order for any token, with any predefined price and duration, up to a year, on Ethereum.
- CFTC Turns To Whistleblowers To Combat Crypto Scams
In an announcement made on October 31, CFTC commissioner Christy Goldsmith Romero highlighted the critical role of whistleblowers in the fight against crypto scams and reaffirmed the agency's commitment to the whistleblower program. According to the CFTC's statement, a significant portion of these funds, amounting to nearly $15 million, was awarded to two individuals who provided crucial tips that helped the regulator successfully prosecute several cases related to crypto fraud.