headlines
The total market value of cryptocurrencies fell below $2.6 trillion, down 5.9% in 24 hours
According to CoinGecko data, the total market value of cryptocurrencies is 2.593 trillion US dollars, down 5.9% in 24 hours. In addition, BTC has a market share of 49.7% and ETH has a market share of 15.2%.
BTC fell below 65,000 USDT, down 6.33% in 24 hours
OKX market data shows that BTC fell below 65,000 USDT and is currently trading at 64,860.2 USDT, with a 24-hour drop of 6.33%.
Tether issues 1 billion USDT on Tron network
According to Whale Alert monitoring, Tether issued an additional 1 billion USDT on the Tron network. In this regard, Tether CEO Paolo Ardoino said that the 1 billion USDT is a supplement to the Tron network inventory and is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and Inventory exchanged across chains.
The US government is transferring more than 30,000 BTC confiscated from Silk Road, and 2,000 BTC have been transferred to the Coinbase Prime wallet
According to data disclosed by Lookonchain, the US government is transferring 30,174.703 BTC (worth approximately $1.98 billion) confiscated from Silk Road, of which 2,000 BTC (worth approximately $131.65 million) have been transferred to the Coinbase Prime wallet.
Industry news
U.S. SEC issues revised notice on submission of Grayscale Spot Ethereum ETF (conversion)
The U.S. Securities and Exchange Commission (SEC) issued a Notice of Amendment 1 to the proposed rule changes for the listing and trading of Grayscale Ethereum Trust Shares, soliciting comments from interested parties on this change. According to previous news on March 16, Grayscale Chief Legal Officer Craig Salm posted on the An important step.
Paradigm is raising $750 million in new fund
According to Tree News, crypto venture capital firm Paradigm is in talks to raise funds for a new fund of $750 million. If all goes well, the fund may become the largest single crypto fund since 2022.
In March, BTC miners’ revenue reached a record high of US$2.01 billion, and CEX’s legal spot trading volume increased by 115.8%.
The Block Research Director @lars 0x disclosed the crypto market data for March on the X platform. The key points are as follows: Most indicators continued to grow, and many indicators set new historical highs.
Project News
Ethena has opened airdrop token claims
According to official news, Ethena Labs has opened applications for airdrops of ENA tokens. Odaily Note: There is a fake X account who posted a phishing link under this tweet. Users need to identify the authenticity and be wary of phishing scams. According to previous news, Ethena Labs posted on the Will be distributed to SchizoPosters, Redacted Remilio Babies, and Milady Maker series NFT holders, the snapshot was taken on March 26.
Binance will list Wormhole (W) and add a seed tag to it
According to the official announcement, Binance will launch Wormhole (W) at 20:00 (ET on April 3) and add a seed tag to it, and open the following spot trading pairs: W/BTC, W/USDT, W/FDUSD, W/TRY. The W recharge channel is now open; W withdrawals are expected to be open at 20:00 (ET on April 4).
Investment and Financing
IoTeX ecosystem completed US$50 million in financing, with participation from Borderless Capital, Amber Group, etc.
The DePIN-optimized Ethereum-compatible blockchain IoTeX ecosystem has received $50 million in financing. This round of financing was participated by Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, Metrics Ventures, E V3 and Waterdrip Capital. The IoTeX team stated that this investment will drive the growth and ecosystem adoption of DePIN by investing in long-term pledged IOTX (the DePIN token that governs and drives IoTeX DePIN), and investing in IoTeX-based DePIN projects alongside the IoTeX Foundation and the DePINsurf Accelerator Fund . (CoinDesk)
Stablecoin issuing company Agora completed a $12 million seed round of financing, led by Dragonfly
Stablecoin issuance company Agora announced the completion of a $12 million seed round of financing, led by Dragonfly, with participation from General Catalyst and Robot Ventures. Agora, co-founded by Van Eck and cryptocurrency veterans Drake Evans and Joe McGrady, issues stablecoins backed by cash, U.S. Treasuries and overnight repurchase agreements. (Bloomberg)
Character*Voice
Vitalik: L3 cannot improve throughput "like magic", there are other better solutions
Vitalik Buterin, co-founder of Ethereum, posted on the /Some fixed costs for withdrawing money." He added that there were other potentially "easier" ways to achieve the same cost savings as L3.
Base protocol leader: Base gas limit has been increased to 5 million gas/s
Jesse Pollak, head of the Base protocol, said in a post on the X platform: “We have increased Base’s gas target to 5 mgas/s, so gas fees are falling rapidly and are expected to stabilize at a low level - although demand may increase. Our long-term goal is to achieve 1 Ggas/s (400 times the current level), and we will share more information about the latest progress in the coming weeks.”