Headlines
1 0x Research: Affected by DTCC’s statement, there is a risk of a reversal of ETF inflows
On April 27, in response to DTCCs announcement that any ETF or other investment vehicle that includes Bitcoin or other cryptocurrencies as underlying investments will not give collateral value, cryptocurrency research agency 10x Research posted on the X platform that Bitcoin is setting lower price highs - a new downward trend seems to be in place, which is where the DTCC statement may have an impact. The agencys previous article Framework for the Self-Reinforcing Bitcoin Mechanism pointed out that there is a risk that ETF inflows may reverse.
On April 27, CryptoSlam data showed that the NFT transaction volume on the Bitcoin chain in the past 7 days was approximately US$58.14 million, a decrease of 56.99% month-on-month; the transaction volume of the Ethereum network was approximately US$69.30 million, an increase of 38.74% month-on-month; the transaction volume of the Solana network was approximately US$32.31 million, an increase of 1.88% month-on-month.
On April 27, Coinglass data showed that the nominal value of open BTC options positions across the entire network is US$17.83 billion, the lowest since February 26; the nominal value of open ETH options positions is US$8.07 billion, the lowest since February 25.
Industry News
Bitcoin spot ETFs have seen a net inflow of 519 BTC in the past six weeks
On April 28, according to HOD L1 5 Capital data, Bitcoin spot ETFs had a net inflow of 519 BTC in the past six weeks.
On April 27, Russia has been trying to track cryptocurrency transactions and their sources since 2023. The Bank of Russia and the Russian Federal Financial Monitoring Service (Rosfinmonitoring) revealed that there is a system that allows private banks to track the connection between fiat-based transactions and cryptocurrency businesses.
The announcement was made at the forum on “Current AML/CFT Issues” organized by Rosfinmonitoring, which also disclosed that the pilot, which started in 2023 and five large credit institutions are working with Rosfinmonitoring, is expected to last until April, but could also be extended.
Ilya Bushmelev, director of project portfolio management at Rosfinmonitoring partner Innotech, said the pilot could help banks establish “know your crypto customer” and “know your crypto transaction” procedures, noting that the system could be useful for compliance and regulatory purposes. (Bitcoin.com)
On April 27, the Hong Kong Stock Exchange issued three announcements, announcing the inclusion of Bosera HashKey Bitcoin ETF Shares and Bosera HashKey Ethereum ETF Shares, Hua Xia Bitcoin ETF Shares and Hua Xia Ethereum ETF Shares, and Harvest Bitcoin Spot ETF Shares and Harvest Ethereum Spot ETF Shares as eligible securities for multi-counter trading in the central settlement system.
Project News
zkSync ecological lending platform xBankFinance is suspected to be Rug
On April 27, according to feedback from multiple community members, the zkSync ecological lending platform xBankFinance is suspected of running away. The official Twitter account currently shows that the account has been frozen and the platforms liquidity is only in the single digit.
The suspected Flow Traders address transferred 350,000 AVAX received 2 weeks ago to 18 new wallets
On April 28, The Data Nerd monitored that two weeks ago, wallet 0x1D6 (probably Flow Traders) received 350,000 AVAX (about $12.94 million) from Avax. Afterwards, the wallet transferred these tokens to 18 new wallets. These 18 wallets hold a total of 1.24 million AVAX (about $42.14 million).
Jupiter launches Jito Bundles reward function to help users avoid MEV attacks
On April 27, Jupiter announced on the X platform that to protect users from MEV, users can tip using Jito Bundles, which will hide transactions from searchers looking for MEV opportunities and minimize losses from sandwiches or other MEV attacks.
Uniswap Mobile App Now Supports Blast Network Swap
On April 27, Uniswap announced on the X platform that users can now swap Blast network assets in the Uniswap mobile app.
On April 27, Grand Base, the RWA market of the Base ecosystem, posted on the X platform that it had cooperated with Extra Finance to take a snapshot of LP balances at block height 13180566. More updates on other partners will be announced soon.
The airdrop query tool will be ready next week, and users can use it to check the amount of airdrops they can receive once the official token is relaunched using the new smart contract.
Earlier in mid-April, it was reported that Grand Base was hacked, resulting in a loss of approximately $1.7 million.
Omni Network: OMNI Genesis Staking Rewards End on May 1st
On April 27, Omni Network posted on the X platform that the OMNI Genesis Staking Rewards will end on May 1, and users can check their eligibility through the corresponding official claim portal. Please note that staking will continue indefinitely, but May 1 is the deadline for special Genesis Rewards.
On April 27, according to Token Unlocks data, 5.31 billion MEME worth more than $155 million will be unlocked on May 3, 2024, accounting for 31.96% of the circulating supply. These tokens will be unlocked and distributed to airdrops, consultants, and investors.
io.net founder: The team has restored all device data, users need to restart to complete the update
On April 27, Ahmad Shadid, CEO and founder of io.net, posted on the X platform that because the team had previously blocked airdrop farmers, they retaliated for the GPU being blocked and attacked the community by unauthorized access to the private name and GPU model (device metadata API) of user devices.
After 28 hours of work, the team has now restored accurate data for all devices, and when users reconnect, the team will fix the uptime issues for everyone recorded in this incident. In addition, the official has launched multiple powerful security patches to protect user device data through Okta Auth 0 backend authorization, and has paid more than $300,000 to Auth 0 to protect user account authentication.
Please note that all existing devices will need to be restarted to complete the update. New device connections have been paused and the team will re-enable new workers soon.
On April 27, Solana’s on-chain meme coin MANEKI posted on the X platform that it had completed an airdrop for Solana Mobile Saga Genesis Chapter 2 pre-order users, distributing more than 9% of the total supply of MANEKI (worth about $20 million). The airdrop will be distributed in the slowest mode within 72 hours to absorb market sales pressure.
Character*Voice
Uniswap founder appears to respond again to the U.S. SEC’s Wells Notice
On April 27, Hayden Adams, the founder of Uniswap, posted on the X platform that “if they impose taxes on unrealized gains, they will need to repay the impermanent losses of Uniswap LPs.” This statement is suspected to be another response to the U.S. SEC’s issuance of the Wells Notice.
Kevin Owocki, founder of Gitcoin: As of the 4th day, the number of G20 projects exceeded 550
On April 27, Gitcoin founder Kevin Owocki posted on the X platform that the statistics for the fourth day of G G20 are as follows: matching pool of $1.647 million, total donations of $138,000, total donations of 31,885, 11,654 independent donors, total rounds of 11, and total projects of 558. Earlier, Gitcoin announced that G G20 has been launched, providing a total of more than $1.4 million in matching funds, and will run on Arbitrum.
Memeland founder: has guided more than 100,000 people into the BTC ecosystem
On April 27, Memeland founder 9 GAGCEO posted on the X platform that today, @Memeland @Stakeland guided 100,000+ people into the BTC ecosystem. Earlier, Memeland posted on the X platform that the Runecoin airdrop for the Stakeland community has been completed.
