Binance has launched TNSR trading, with a short-term high of $2.68 and currently trading at $BTC #SecureChainAI

Backpack has now launched TNSR spot trading, in addition, the TNSR token airdrop application checker has been launched on Backpack Wallet.
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Gamified on-chain trading platform Spotlight has announced the completion of a $2 million financing round with participation from Folius Ventures. Spotlight focuses on discovering and planning high-quality DeFi projects, guiding users to identify promising DeFi opportunities through expert analysis and insights. In addition, its trading platform, Spotlight Market, uses gamification to attract users and increase the liquidity of on-chain and off-chain assets.
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According to Coingecko data, the market value of BCH has risen to the range of $12.5 billion, currently reaching $12,491,359,675, hitting a new high since November 2021. The current BCH price is $631.67, with a 30.1% increase in the past 7 days. According to BTC.com data, there are less than 10 hours left until the BCH halving.
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According to Andre Cronje's article on X platform regarding a new trading mechanism in the cryptocurrency industry, a new infrastructure is currently gaining a lot of attention and is being integrated into what he believes is a low-risk protocol. However, based on his (possibly incorrect) understanding, this new protocol carries a very high risk.
He discusses the components of this mechanism in detail, including the characteristics of perpetual contracts such as the ability to trade without holding the trading asset, both buyer and seller paying a "funding rate," and using stETH as collateral. He attempts to achieve "neutrality" by opening relative positions while benefiting from stETH returns and funding rates.
Cronje states that he is not a trader and acknowledges that this is not his area of expertise. However, he tries to compare these financial tools with the most basic financial concepts he knows, such as collateral and debt, and points out the risk of eventually having to close positions or face liquidation.
He raises a question about the theory of "positions being closed when the market reverses," which is similar to the saying "buy when BTC rises and sell when it falls," which sounds obvious but is almost impossible to achieve in practice. Therefore, although everything is going smoothly now (because the market is positive and the short funding rate is positive (because everyone is willing to go long)), the situation will eventually change, and the funding (rate) will become negative, collateral will be liquidated, and you will have an unsupported asset.
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The use of explicit leverage by some investors has led to an increase in risky securities, similar to the pre-global financial crisis period. This could result in another deleveraging-driven meltdown, with explicit and implicit leveraged positions in stocks like NVDA being particularly vulnerable. Leveraged single stock ETFs, such as NVDL, have been criticized for potentially violating the spirit of ETFs, and despite their legal status, they pose a risk to the market due to their high volatility and potential for systemic risk. Investors are advised to consider hedging against a potential shock by building protection into their portfolios.
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According to on-chain analyst @ai_9684xtpa, Amber Group may also be a market maker for ENA. The market-making address 0x38e...20a4b received 12.98 million ENA tokens 14 hours ago and has distributed them to exchanges in the past three hours, with the HTX recharge address belonging to Amber. ENA may have three market makers working together, as follows:
·GSR Markets: 37.5 million tokens;
·Wintermute: 15 million tokens;
·Amber Group: 12.98 million tokens.
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Floki revealed in the latest AMA that it will consider canceling the 0.3% contract fee, but specific evaluations are needed, including: 1. Check the data to evaluate whether canceling the contract fee will have any meaningful impact; 2. Discuss within the core team whether canceling the contract fee is beneficial; 3. Submit a proposal to and vote on it with Floki DAO, and ultimately make a decision by Floki DAO.
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According to cryptoslam data, Golden Finance reported that the sales of Bitcoin NFTs on the chain in March exceeded $500 million, reaching $514,069,921.02, setting the second-highest monthly sales record to date, second only to December 2023, when Bitcoin NFT sales on the chain reached $868,926,102.01. In addition, the total transaction volume on the Bitcoin chain last month was about 267,943, with 92,870 independent buyers and 75,528 independent sellers.
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BOB, a Bitcoin L2 network, announced on X platform that its TVL has exceeded $87 million. Earlier news stated that BOB (Build on Bitcoin) announced the completion of a $10 million seed round of financing.
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According to official sources, Jupiter has initiated the first Core Working Group budget proposal vote. It is reported that this vote is crucial for establishing a precedent for funding workgroup initiatives to promote DAO. The Core Working Group spent a week discussing with the community and submitted a budget proposal for 2024 to DAO. JUP stakers can now vote to provide funding for the Core Working Group, with an expected 12-month budget of $450,000 and a token allocation of 4.5 million JUP. According to the proposal voting information, this vote is expected to end on April 2.
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Multicoin Capital's annual investor letter shows that since 2017, the hedge fund focused on cryptocurrency has brought a return of 9281% to its first batch of investors. This return is enough to make up for Multicoin Capital's previous loss of 91.4% in 2022.
Multicoin executives Tushar Jain, Kyle Samani, and Matt Shapiro stated in the letter that in 2023, cryptocurrency did what it does best and once again defeated death. The market rebounded in an astonishing way, and our hedge fund was able to capture the market's reaction, significantly outperforming the market.
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On March 30th, according to official sources, DEGEN's Airdrop 2 Season 2 rewards will go live at 23:00 Beijing time. Note: The token distribution rules for DEGEN's first season Airdrop were based on Farcaster users' likes, shares, and followers, and they received corresponding Degen points. Holding some community-related NFTs also earns additional boost points. Each point can receive one DEGEN token.
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