Rhythm Morning News | Bitcoin briefly fell below $60,000; Worldcoin will launch World Chain

Featured News:

1. The top five Bitcoin mining companies did not sell Bitcoin due to the halving;

2. Mr.100 bought almost all newly mined Bitcoins in the past three days;

3. Worldcoin will launch a new blockchain network World Chain;

4. JPMorgan Chase: The recent weakness of Bitcoin mining stocks provides investors with a strong entry point;

5. Nim Network: The airdrops that were not claimed in time have been redistributed, and users can log in to the official website for inquiries

Price Observation

OMNI opened at $55.5 and temporarily reported $38.61

On April 17, according to Binance market data, OMNI opened at $55.5. 55.5 USD, now quoted at 38.61 USD.

Bitcoin briefly fell below 60,000 USD, down 2.47% in 24 hours

On April 17, according to OKX market data, Bitcoin briefly fell below 60,000 USD and then rebounded, now quoted at 60,409 USD, down 2.47% in 24 hours.

Ethereum fell below $3,000

On April 17, according to OKX market data, Ethereum fell below $3,000, a 24-hour drop of 3.55%.

New and secondary new coins fell across the board, and OMNI fell nearly 50% from its listing high

According to market information on April 18, with the decline of Bitcoin, new and secondary new coins also experienced a general decline, including:

OMNI is currently quoted at US$27.14, down 49.6% from its listing high;

SAGA is currently quoted at US$3.46, down 14.2% in 24 hours, down 54.5% from its listing high;

PRCL is currently quoted at US$0.473, down 13.3% in 24 hours, down 30.4% from its listing high;

W is currently quoted at US$0.566, down 7.95% in 24 hours, down 65.8% from its listing high.

BVM briefly broke through $6.3, setting a new record high

On April 18, according to market information, BVM briefly broke through $6.3 and then fell back. It is now quoted at $6.15, and the price of the currency has reached a new record high.

Base Ecological Lending Protocol Seamless Protocol Token SEAM 24-hour increase of more than 35%

On April 18, according to market information, Base Ecological Lending Protocol Seamless Protocol Token SEAM is now quoted at $7.75, with a 24-hour increase of 35.7%.

Pre-Rune series Prometheans floor price reported 0.024 BTC, trading volume has exceeded 16 BTC

On April 18, according to market data, the Pre-Rune series Prometheans issued by CyberKongz had a floor price of 0.024 BTC, and trading volume has exceeded 16 BTC.

Transaction Tracking

A whale increased its holdings by 3,278 ETH at an average price of $3,050, with a total holding of over 86,000 ETH

On April 17, according to @EmberCN's monitoring, 40 minutes ago, a whale that had been withdrawing ETH and stablecoins from Binance recently spent 10 million USDT on the chain to buy 3,278 ETH at an average price of $3,050.

The whale has been withdrawing ETH and stablecoins from Binance since April 1, and has withdrawn a total of 69,388 ETH and 265.8 million stablecoins from Binance so far;

On April 14, it used 70 million USDC to buy 23,790 ETH on the chain (but sold 10,000 of them for a profit of $1.15 million more than ten hours later);

The whale currently holds 86,457 ETH (about $262 million), with an average price of $3,170; and 217 million stablecoins.

Grayscale transferred approximately 1,694.81 bitcoins to Coinbase Prime

On April 17, according to Arkham data, the Grayscale address transferred approximately 1,694.81 bitcoins to the Coinbase Prime address 23 minutes ago.

ONDO team associated address recharges 200,000 OMNI to Coinbase

On April 17, according to @ai_9684xtpa monitoring, the ONDO team associated address recharged 200,000 OMNI (about 6.65 million US dollars) to Coinbase 20 minutes ago. This address may belong to an early investment institution that invested in both Ondo and Omni.

This address received 200,000 tokens distributed by the OMNI project 18 hours ago (accounting for 1.92% of the total number of tokens in circulation); it also received 144 million ONDO distributed by the Ondo project on 2024.01.18 (accounting for 10.39% of the total number of tokens in circulation).

This organization may have a close connection with Coinbase. The large amount of ONDO inflows and outflows in the past few months have all occurred on Coinbase. This time, a large amount of recharge was completed in time after the announcement of the launch of OMNI.

A whale added 1,400 BTC today, holding a total of 3,460 BTC at an average price of $64,825

On April 17, according to Lookonchain monitoring, a whale withdrew 1,400 BTC (about $88.2 million) from Binance 4 hours ago.

Since March 21, the whale address has withdrawn a total of 3,460 BTC (about $224.3 million) from Binance at an average price of $64,825.

Analysis: Mr.100 has purchased almost all newly mined Bitcoin in the past three days

On April 18, according to HODL15 Capital data analysis, the mysterious address "Mr.100" has increased its holdings of Bitcoin in large quantities as the Bitcoin halving is approaching, and has purchased almost all newly mined Bitcoin in the past three days, including:

1. 800 BTC were purchased on April 15;

2. 600 BTC were purchased on April 16;

3. 400 BTC were purchased on April 17 (so far).

"Mr.100" currently purchases more than the total purchases of BlackRock and Fidelity.

Amber Group transferred $8.47 million worth of MATIC to Binance 10 hours ago

On April 18, according to @ai_9684xtpa monitoring, Amber Group recharged 12.75 million MATICs worth $8.47 million to Binance 10 hours ago.

It is reported that Amber received 12.15 million MATICs from the Polygon project in November last year. At that time, the currency price was $0.8465, a 20% drop from the current price.

An ETH whale continued to withdraw 21,473 ETH from Binance 6 hours ago, with a withdrawal price of about $2,985

On April 18, according to Ember monitoring, an ETH whale continued to withdraw 21,473 ETH from Binance 6 hours ago, worth about $64.11 million, with a withdrawal price of about $2,985. It is reported that the whale has continued to withdraw ETH and stablecoins from Binance since April. So far, it has withdrawn 90,861 ETH and $265.8 million in stablecoins from Binance; at the same time, it used $49.43 million to buy 17,068 ETH on the chain.

Project Dynamics

MerlinStarter: Merlin Chain RPC congestion caused by surge in on-chain transactions

On April 17, Merlin Chain Ecosystem Launchpad platform MerlinStarter issued a statement saying that due to a sudden surge in on-chain transactions, Merlin Chain RPC was congested, and a large number of purchase, claim and transfer requests were being processed.

If the DEX transaction is unsuccessful, please wait patiently. MerlinStarter said that it is currently communicating with the Merlin technical team and expects to resume normal operations soon.

P2P encrypted communication application Keet 3.0 is officially released

On April 17, Tether CEO Paolo Ardoino posted that the P2P encrypted communication application Keet 3.0 has been officially released. The application was jointly launched by Tether, Bitfinex and Hypercore open source protocol team.

Anomaly launches AI-based zero-gas layer3 game platform

On April 17, AI game studio Anomaly announced the launch of the first AI-driven zero-gas third-layer game platform, using the play-to-airdrop mechanism for Telegram's 900 million daily active users. Anomaly's Layer3, powered by Arbitrum Orbit and using Gelato's Rollup-as-a-Service (RaaS), aims to redefine the gaming industry, empowering developers to create immersive decentralized gaming experiences, leveraging AI-enabled game engines at unprecedented speeds while completely abstracting blockchain complexity.

ByteDance subsidiary BytePlus reaches cooperation with Sui developers

On April 17, ByteDance subsidiary BytePlus will work with Mysten Labs to apply its services such as recommendation solutions and augmented reality products to Sui.

The company selected Sui as the blockchain network to provide gaming and social application support services.

Paradigm Security Director Launches Crypto Network Security Threat Information Sharing Platform SEAL-ISAC

On April 17, Paradigm Security Director and White Hat Hacker Samczsun announced the launch of the Crypto Network Security Threat Information Sharing Platform SEAL-ISAC, which enables individuals to connect with experts in crypto network security threats, attacks, and responses. The platform is free and supports centralized and decentralized entities worldwide.

Samczsun originally announced the formation of SEAL Org in February 2024. SEAL (Security Alliance) is a crypto network security threat resolution organization that also provides a safe haven for white hat hackers.

Worldcoin to Launch New Blockchain Network World Chain

On April 17, Worldcoin will launch a new blockchain network World Chain later this year. It will be open to everyone, and verified users will have priority access to block space, and will also receive a GAS allowance for daily transactions. Developers will be able to reach millions of real users around the world and develop applications for daily life practicality.

Zignaly launches Layer1 blockchain ZIGChain and sets up a $100 million ecosystem development fund

On April 17, according to CoinDesk, the social investment platform Zignaly announced on Token2049 that it would launch Layer1 blockchain ZIGChain based on Cosmos and set up a $100 million ecosystem development fund. ZIGChain's ecosystem fund is supported by DWF Labs.

Zignaly recently obtained a cryptocurrency license in South Africa to provide full-power financial services.

Cross-chain interoperability protocol Owlto Finance has integrated the B² Network mainnet

On April 17, according to official news, the intent-centric cross-chain interoperability protocol Owlto Finance has now integrated the Bitcoin second-layer network B² Network mainnet, and users can seamlessly bridge BTC assets between B² Network and EVM-compatible networks.

Scroll launches loyalty points program "Session Zero", which will issue retroactive points to users

On April 18, Ethereum's second-layer network Scroll launched a loyalty program "Session Zero", which aims to reward the community for participating in the Scroll ecosystem through Scroll Marks. Users can earn Scroll points by bridging assets to Scroll.

Scroll stated that to qualify for "Session Zero", users must use LayerZero to cross-chain ETH and wstETH to Scroll through the native cross-chain bridge and STONE. In addition, Scroll will allocate retroactive points to members who have deployed assets on Scroll since October 10, 2023, the date of the Scroll mainnet genesis block.

Optimism: World Chain intends to participate in the governance of Optimism

On April 18, according to Optimism's official news, the WorldCoin Foundation announced the launch of the blockchain World Chain based on OP Stack. The blockchain will join Optimism's superchain Superchain and interact with other chains such as Base, Mode, OP Mainnet and Zora.

Fetch.ai and Ankr have partnered to combine AI with blockchain to simplify DApp development

On April 18, Fetch.ai and Ankr announced a partnership to combine artificial intelligence with blockchain to open up new areas. Fetch.ai provides dedicated blockchain and intelligent agent creation tools, while Ankr provides scalable Web3 infrastructure.

CyberKongz: Completed the distribution of the Pre-Rune series Prometheans airdrop

On April 18, the NFT project CyberKongz stated on its social platform that it had completed the distribution of the Pre-Rune series Prometheans airdrop. Users can check whether they have received the airdrop in their wallets.

Nim Network: The airdrops that were not claimed in time have been reallocated, and users can log in to the official website to check

On April 18, Nim Network, an AI game chain based on Dymension, announced that the airdrops that were not claimed in time have been reallocated, and the remaining allocation has been evenly distributed among eligible airdrop addresses. Users can log in to the official website to check the latest airdrop results.

Memeland: Purchased 21 RSIC METAPROTOCOL and joined Runes Collective

On April 18, the NFT project Memeland announced that it had purchased 21 RSIC METAPROTOCOL and joined Runes Collective (RSIC mining community).

EY launches contract management solution OCM on Ethereum

On April 18, EY (EY), one of the Big Four accounting firms, announced the launch of EY OpsChain Contract Manager (OCM), a blockchain-based contract management solution. The solution leverages the security and accessibility of the public Ethereum blockchain to achieve data privacy through zero-knowledge proof (ZKP) technology, enhance contract integrity and reduce value leakage.

Gitcoin Passport will launch a new stamp for zkSync on-chain behavior

On April 18, Gitcoin Passport stated on its social platform that it will launch a new stamp for zkSync on-chain behavior. Gitcoin Passport also stated that this is its first step for L2 on-chain behavior, and stamps based on OP and Linea networks will be launched in the future.

Jupiter's second round of LFG Launchpad voting has started, with six candidate projects including Sanctum

On April 18, Jupiter posted on the X platform that the second round of LFG Launchpad voting has started.

There are six candidate projects in this round of voting, including LST liquidity aggregation protocol Sanctum, idle bandwidth sharing network UpRock, decentralized energy network Srcful, integrated DEX project MonkeyDex, AAA game Nyan Heroes, and on-chain reputation system Solana ID. This round of voting will end on April 21.

EigenLayer has lowered the staking threshold for EigenDA validator nodes from 320 ETH to 96 ETH

On April 18, EigenLayer announced that it had lowered the staking threshold for EigenDA validator nodes from 320 ETH to 96 ETH.

EigenLayer said that the change will allow more new validator nodes to participate in EigenDA's AVS verification service; re-staking users can also choose to entrust their tokens to validator nodes with a smaller total staking amount to increase the decentralization of the network; Rollup can get better performance support through a larger validator node cluster.

CeFi News

Coinbase will list OMNI

On April 17, according to the official announcement, Coinbase will list OMNI.

If liquidity conditions are met, trading will begin later today. Once the supply of this asset is sufficient, our OMNI-USD trading pair will be launched in stages.

Kraken launches self-custodial wallet "Kraken Wallet"

On April 17, the cryptocurrency trading platform Kraken launched the self-custodial wallet "Kraken Wallet", which will initially support eight blockchains, including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon and Dogecoin.

Market News: Binance is ready to pay a fine of about $2 million to return to the Indian market

On April 18, according to market news, Binance is ready to pay a fine of about $2 million to return to the Indian market.

Viewpoint Data

JPMorgan Chase: Recent weakness in Bitcoin mining stocks provides investors with a strong entry point

On April 17, JPMorgan Chase said that the recent weakness of mining stocks before the Bitcoin halving provides investors with an attractive entry point.

The total market value of 14 U.S.-listed bitcoin mining companies tracked by the bank fell 28% to $14.2 billion from March 31 to April 15, according to a research note on Tuesday. All stocks performed poorly, all fell at least 20%. Bitcoin is up 43% this year and 130% in the past six months as "the typical post-halving rally appears to have been pulled ahead of schedule."

Animoca Brands Financial Report: A total of $558 million worth of digital assets are held

On April 17, according to The Block, Animoca Brands stated in its latest unaudited financial disclosure that it holds $558 million in digital assets on its balance sheet, including $291 million in cash and stablecoins.

The company said that the financial data does not include the value of the company's approximately 400 minority investments in Web3 companies, and valuation work on these investments is underway. Animoca Brands has invested in several blockchain companies such as Kraken, MetaMask and Ledger.

The top five Bitcoin mining companies did not sell Bitcoin due to the halving

On April 17, the Bitcoin halving was imminent, but the top five Bitcoin mining companies did not sell Bitcoin. According to a report by Bitwise on April 10, the total amount of Bitcoin sold by the top five mining companies fell to about 2,000 in the first quarter of 2024, reaching the lowest level in two years.

Global Bitcoin miners currently hold more than 700,000 Bitcoins, accounting for 3.4% of the total Bitcoin supply. The last time the top five mining companies sold less than 2,000 Bitcoins was in the first quarter of 2022. In contrast, in the fourth quarter of 2023, the top five mining companies sold more than 7,000 Bitcoins.

CKB co-founder Cipher apologizes, some high-risk assets are blocked on the front end of the built-in marketplace of JoyID

On April 17, Cipher, co-founder of CKB and CEO of Cell Studio, posted on the social platform, "First of all, I need to apologize for the misunderstanding caused today. Some high-risk assets are blocked on the front end of the built-in marketplace of JoyID, but not from the contract of DEX itself, and it is not possible to block them from the asset protocol layer. I apologize for the misunderstanding caused to everyone in this regard.

In the past 12 hours, the entire network has been liquidated for 178 million US dollars, mainly long orders

On April 18, according to Coinglass data, the entire network contract liquidated for 178 million US dollars in the past 12 hours, of which long orders were liquidated for 130 million US dollars.

Grayscale GBTC outflow of $133 million yesterday, ARKB net outflow of $42.7 million

On April 18, according to Farside Investors data, Grayscale Bitcoin spot ETF outflow of $133 million yesterday. In addition, ARK Invest's Bitcoin spot ETF ARKB net outflow of $42.7 million.

Data: IBIT had a net inflow of 18 million US dollars yesterday

On April 18, according to HODL15Capital data, BlackRock's Bitcoin spot ETF IBIT had a net inflow of 18 million US dollars yesterday.

Due to the previous outflow of 133 million US dollars from Grayscale GBTC and 42.7 million US dollars from ARKB yesterday, it is expected that Bitcoin spot ETFs will show an overall net outflow today.

Financing Express

Blockchain R&D Institution Nebra Completes $4.5 Million in Financing, Led by Nascent and Bankless

On April 17, blockchain research and development institution Nebra announced that it had completed $4.5 million in financing in the Pre-Seed and Seed rounds, led by Nascent and Bankless Ventures, with participation from angel investors including Tim Beiko of the Ethereum Foundation, Kartik Talwar of ETHGlobal, Nick White of Celestia, and Sandy Peng and Haichen Shen of Scroll.

The new funds will be used to advance the development of a shared settlement layer, advance and democratize zero-knowledge proof technology to reduce the cost of proof settlement on Ethereum and other blockchains, and thus create a new Internet shared settlement layer.

Crypto prime broker Hidden Road Partners is raising Series B equity financing at a valuation of $1 billion

On April 17, Bloomberg cited sources as saying that Hidden Road Partners, a prime broker focusing on cryptocurrencies and foreign exchange, is raising Series B equity financing, which will bring its valuation to around $1 billion. It is expected that the size of this round of financing will reach about $120 million.

Hidden Road Partners was founded in 2018 by Marc Asch, who previously worked at hedge fund billionaire Steven Cohen's firm SAC Capital and Point72 Asset Management. Hidden Road completed a $50 million financing in 2022. Hidden Road provides prime brokerage services for a variety of markets, including foreign exchange, precious metals and digital assets.

Merlin Chain completes a new round of financing, led by Spartan Group and Hailstone Labs

On April 17, Bitcoin Layer 2 solution Merlin Chain announced the completion of a new round of financing. The specific amount has not been disclosed. This round of financing was led by Spartan Group and Hailstone Labs, and more than a dozen institutions including Amber Group, Presto Labs, IOBC Ventures, Sandeep (Polygon CEO), UTXO Management (a fund under Bitcoin Magazine), and Primitive Ventures participated in the investment.

It is reported that Merlin Chain has facilitated more than 9 million transactions and hosted more than 70 real-time projects, with a total locked value (TVL) of more than 4 billion US dollars.

Aark, a decentralized perpetual contract platform, has completed a total of US$6 million in financing, with HashKey Capital and others participating

On April 17, Aark, a decentralized perpetual contract platform, announced the completion of its seed round of financing, with HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, IVC and Metavest participating.

Previously, it conducted a Pre-Seed round of financing in the second quarter of 2023, led by Delphi Digital, with participation from OKX Ventures and Big Brain Holdings, bringing its total financing to US$6 million.

Stablecoin startup Usual Labs completes $7 million in financing, led by IOSG and Kraken

On April 17, The Block reported that stablecoin startup Usual Labs completed $7 million in financing, led by IOSG and Kraken Ventures, with participation from GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works and X Ventures.

The new funds will be used to launch the stablecoin USD0 on the Ethereum mainnet in the second quarter of this year, and funds will be provided for the testnet stage and smart contract audits.

Ordinals manager Ord.io completed $2 million pre-seed round of financing, Bitcoin Frontier Fund and others participated

On April 17, Ordinals manager Ord.io completed a $2 million pre-seed round of financing, led by Bitcoin Frontier Fund and Sora Ventures, with participation from Antalpha Ventures, Kommune Fund, Edessa Capital, Petrock Capital, PG Capital, Eden Block, Arca, Longhash Ventures, Daxos Capital, Portal Ventures, UTXO Management, etc.

Ontology sets up a $10 million fund to accelerate DID development

On April 17, Ontology Network announced the establishment of a $10 million fund, which will be distributed in the form of ONT and ONG tokens to accelerate the adoption, education, and development of decentralized identity (DID) solutions.

Blockchain company Zeko Labs completes $3 million pre-seed round of financing, led by YBB Capital and others

On April 18, Zeko Labs, the parent company of the cross-chain zero-knowledge expansion protocol Zeko Protocol, completed a $3 million pre-seed round of financing. This round of financing was led by YBB Capital, UOB Venture Management and Signum Capital, and Autonomy Capital, Cogitent Ventures, GBV, Tenzor Capital, 3Commas Capital, ArkGrow, AVID3, Cryptonauts, Nox Holdings, NxGen.xyz, SkyVision Capital (SVC) and Presto Labs participated in the investment.

The new funds will be used to expand the team, accelerate product development, and incentivize the ecosystem team. Zeko Protocol is a collaboration between o1Labs and Mina Foundation, and aims to revolutionize the field of software development by putting advanced zero-knowledge proof capabilities in the hands of developers, greatly expanding the design space of EVM and non-EVM applications.

Regulatory News

The Bankruptcy Court Has Verbally Approved the Proposed Settlement Agreement between Gemini, Genesis and Its Bankruptcy Creditors

On April 18, Gemini issued a statement saying that at the hearing on April 16, the bankruptcy court verbally approved the global settlement agreement between Gemini, Genesis and other creditors in the Genesis bankruptcy case.

The settlement agreement provides that the initial distribution amount distributed to Earn users as of the Gemini Earn suspension date (November 16, 2022) is approximately 97% of the digital assets owed to users, and the initial distribution is expected to be carried out in late May or early June. The remaining distribution amount will be recovered from Digital Currency Group (DCG).

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