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Updated April 22, 2024

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According to PANews, ApeCoin has announced on platform X that the ApeChain testnet is about to go live. The details will be disclosed on Twitter Space early tomorrow morning.

In previous news from February, it was confirmed through a vote that ApeChain would adopt Arbitrum technology for the development of its exclusive blockchain. Arbitrum is a scalable, efficient, and flexible technology that is expected to enhance the performance of the ApeChain blockchain.

This announcement marks a significant step forward for ApeCoin, as the launch of the ApeChain testnet will allow for further testing and development before the full launch of the blockchain. The use of Arbitrum technology also indicates ApeCoin's commitment to utilizing advanced technology to improve its services.

Further details about the ApeChain testnet launch will be revealed tomorrow, providing more insight into the capabilities and potential of this new blockchain technology.

According to Foresight News, Paradigm has suggested that the Ethereum Virtual Machine (EVM) community should adopt 'gas per second' as a new standard for measuring network performance. This would be in addition to other dimensions of gas fee pricing to create a comprehensive performance standard. Typically, blockchain network performance is gauged by the 'transactions per second' metric. However, for Ethereum and other EVM blockchains, a more detailed and accurate standard would be 'gas per second'. This metric reflects the computational workload that the network can handle per second. 'Gas' is a unit that measures the computational workload required to execute transactions or smart contracts, and it also helps compare the performance of different EVM-compatible chains.

Currently, in the EVM network, the strongest performance is opBNB, which calculates at 100 million gas per second, while the weakest is the Ethereum mainnet at 1.25 million gas per second. Reth, created by Paradigm, has reached 100-200 million gas per second during real-time synchronization. Its short-term goal is to reach 1 gigagas per second, or 1 billion per second.

According to Foresight News, engineer Tamara has announced her resignation from Apple to focus on the development of derivative products for Ethereum's Blobspace. She stated that the purpose of these Blobspace derivatives is to hedge against the price fluctuations of Blobspace following the Ethereum Cancun upgrade.

Similar to commodity futures trading, the establishment of a derivatives market for Blob Gas fees creates strategic trading opportunities. This is done by allowing Rollups to pay a premium to reduce the risk of their operational costs. This move by Tamara signifies a shift in her career towards the burgeoning field of cryptocurrency and blockchain technology.

According to Foresight News, the decentralized social network L1 DeSo is set to undergo a Revolution Proof of Stake consensus upgrade on its testnet on May 1. The mainnet is currently scheduled for May 22. Following the consensus upgrade, the network will support 500 posts per second, which is 10% of the X scale, a Burn-Mined Fee (BMF) algorithm, a one-second confirmation time, and a 20% annual return for staking DeSo. It will also support validators without the need for permission. This upgrade is expected to enhance the functionality and efficiency of the decentralized social network, providing a more seamless experience for its users.

According to Foresight News, the floor price of Blob, also known as the Furry Blob Army, has seen a significant increase of over 50% in the past 24 hours. The current floor price is reported to be 0.05377 BTC. Prior to this surge, the Blob team successfully bid for the rare Epic Sat from the fourth Bitcoin halving block at ViaBTC. The winning bid was made at a price of 33.3 BTC. The acquisition of the Epic Sat is seen as a significant milestone for the Blob team and has likely contributed to the recent surge in the floor price.

According to Foresight News, insiders have revealed that creditors of Celsius Loan are planning to appeal against the company's restructuring plan. The reason behind this is the discovery that Celsius's asset recovery rate is lower than expected. The current plan has reduced the amount of money recovered from customers who hold bankrupt assets in loan accounts.

The creditors of Celsius Loan have stated that they do not yet have a specific timeline for potential litigation and are still in the early stages of exploration. This development could potentially impact the company's restructuring process and its future operations. Further details about the appeal and its potential implications are yet to be disclosed.

According to Foresight News, court documents reveal that Elon Musk has asked former OpenAI board member Helen Toner to submit documents and communication records related to the decision to dismiss Sam Altman and reinstate him as CEO. Toner is required to submit the relevant information by May 21.

In a previous report by Foresight News, OpenAI stated in a document submitted to the Superior Court of San Francisco County, California, that there was no founding agreement between it and Musk, nor any agreement at all. The founding agreement was merely a fabrication by Musk.

According to Foresight News, Solana has announced that it will co-host a Hacker House event in Hong Kong with Web3 Harbour and InvestHK from October 24 to 26. This Hacker House event is one of five global Hacker House events Solana is hosting this year. The event will feature informative and educational activities centered around hot topics related to Solana. There will also be seminars, panel discussions, and speeches from industry leaders and ecosystem teams. Core engineers from the Solana Foundation and Solana Labs will also participate and engage in in-depth exchanges with developers on site.

According to PANews, SlowMist, a security firm, has issued a warning about malicious actors manipulating RPC links to display false USDT balances, deceiving users into believing they have received payments. The cunning aspect of such scams lies in exploiting the psychological weaknesses of users. Users often focus solely on whether funds have arrived, overlooking potential risks. Scammers take advantage of this trust and negligence, using credible strategies such as transferring small amounts of funds to deceive users. Therefore, the SlowMist security team advises users to remain vigilant during transactions, enhance their self-protection awareness, and maintain a skeptical attitude towards others to avoid economic losses.

On Apr 26, 2024, 01:12 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 64,000 USDT and is now trading at 63,986 USDT, with a 0.85% decrease in 24 hours.

According to BlockBeats, the Ethereum blue-chip NFT series market is showing signs of recovery. The floor price of Pudgy Penguins is currently reported at 12.88 ETH, with a 7-day increase of 17.59%. LilPudgys' floor price is temporarily reported at 1.04 ETH, with a 7-day increase of 17.10%. The floor price of BAYC is currently reported at 16.90 ETH, with a 7-day increase of 39.78%.

The floor price of MAYC is temporarily reported at 2.87 ETH, with a 7-day increase of 43.64%. BAKC's floor price is currently reported at 0.71 ETH, with a 7-day increase of 60.4%. The floor price of DeGods is temporarily reported at 1.82 ETH, with a 7-day increase of 34.81%. Lastly, the floor price of Azuki is currently reported at 4.57 ETH, with a 7-day increase of 13.36%.

These figures indicate a positive trend in the Ethereum blue-chip NFT series market, with all listed NFTs showing a significant increase in their floor prices over the past week.

According to Foresight News, financial infrastructure platform Stripe has announced that it will integrate stablecoin payments into its payment suite in the coming weeks. The platform will also support USDC payments by this summer. The official statement from the company indicates that cryptocurrency transactions will be settled 'immediately' in fiat currency.

According to PANews, the UK Home Office has announced that new powers enabling law enforcement agencies to seize cryptocurrency used in crime came into effect on Friday. The new regulations mean that police in the country will no longer need to make an arrest before confiscating cryptocurrency assets. This will make it easier to seize assets known to have been obtained through criminal means, even if seasoned criminals can protect their anonymity or are located overseas. The new regulations were introduced following the passage of a crime bill in the UK Parliament last year, which laid the groundwork for faster seizure of cryptocurrency.

Chief Crown Prosecutor Adrian Foster stated in the press release: 'For investigators and prosecutors, having the ability and flexibility to keep up with the changing nature of crime is crucial, and these new measures will greatly help us to restrain, freeze or eliminate cryptocurrency assets in illegal enterprises.' Officials will also be able to transfer the cryptocurrency to wallets controlled by law enforcement agencies. If reintroducing these cryptocurrencies into circulation is not in the public interest, they will also be able to destroy these cryptocurrency assets. The press release noted that privacy coins are a type of asset that may be destroyed if confiscated.

According to PANews, the Federal Bureau of Investigation (FBI) in the United States has issued a warning against using cryptocurrency transfer services provided by companies that are not registered as Money Service Businesses (MSB) under federal law. The FBI has also provided an official tool from the Financial Crimes Enforcement Network (FinCEN) that allows users to check if a company is registered as an MSB. Furthermore, the FBI has cautioned users not to use crypto services that do not require Know Your Customer (KYC) information before allowing the sending or receiving of cryptocurrencies.

The statement said, 'The FBI has recently taken enforcement action against cryptocurrency services that have not been licensed under federal law. Individuals using unlicensed cryptocurrency transfer services may experience financial disruption during enforcement action, especially when their cryptocurrency is mixed with funds obtained through illegal means.' 'Cryptocurrency transfer services that knowingly or intentionally assist in illegal transactions will be investigated by law enforcement agencies. Using services that have not fulfilled their legal obligations may cause you to lose access to your funds after law enforcement agencies take action against these companies.'

According to PANews, on April 25th, cryptocurrency funds experienced substantial outflows. HODL15Capital reported that Grayscale's GBTC saw a net outflow of $140 million. Bitwise's BITB also experienced an outflow, with $6 million leaving the fund. ARKB was not spared either, with an outflow of $31 million. BlackRock's IBIT saw no inflows or outflows, while Franklin's EZBC had an inflow of $2 million. These movements indicate a significant shift in the cryptocurrency market, with investors possibly reallocating their assets.

According to PANews, HODL15Capital has monitored the trading volume of Bitcoin spot ETFs on April 25. The data shows that BlackRock's IBIT had a trading volume of $914 million, Grayscale's GBTC had a trading volume of $476 million, Fidelity's FBTC had a trading volume of $310 million, ProShares' BITO had a trading volume of $218 million, ARKB had a trading volume of $78.9 million, and BITB had a trading volume of $76.32 million. The figures indicate the current market activity and interest in Bitcoin spot ETFs from various investment firms.

According to BlockBeats, on April 26, the US Securities and Exchange Commission (SEC) issued a Wells Notice to ConsenSys, an Ethereum infrastructure development company. The SEC has accused MetaMask, a product of ConsenSys, of operating without a proper license.

A Wells Notice is a letter that the SEC sends to people or firms when it is planning to bring an enforcement action against them. In this case, the SEC alleges that MetaMask, a decentralized application (DApp) browser built on the Ethereum blockchain, has been operating without the necessary brokerage license.

ConsenSys, the company behind MetaMask, is a leading Ethereum software development company. It is yet to respond to the allegations made by the SEC. The implications of this notice could be significant for the company and the wider Ethereum ecosystem, depending on the outcome of the SEC's enforcement action.

According to PANews, Elon Musk's artificial intelligence company, xAI, is reportedly in the process of raising $6 billion in funding. This information was revealed by two informed sources, who also stated that the company's valuation has reached $18 billion, excluding this investment. One of the insiders disclosed that Sequoia Capital is one of the investors participating in this round of xAI's funding. The other source predicted that the funding process is expected to be completed within the next two weeks.

According to PANews, an informed source has revealed that venture capital firm Pantera Capital is aiming to raise $1 billion for a new cryptocurrency fund. The fund, named Pantera Fund V, will focus on assets such as start-up equity, early tokens, and liquidity tokens.

Previously, Pantera sought to raise $1.25 billion for its second blockchain fund in September 2022. The source added that the $1.25 billion fund and the current $1 billion Pantera Fund V are separate.

As per earlier reports, Pantera's liquidity token fund yielded a 66% return in the first quarter of 2024. It is known that Pantera manages $5.2 billion in assets through three fund strategies. Pantera is one of the most active crypto investors, having invested in over 180 start-ups to date.