Breaking news! Morgan Stanley and UBS are vying to become the first online bank to fully approve a Bitcoin ETF! Cryptocurrency enthusiast Andrew broke the news in an April 3 post that Morgan Stanley hopes to be the first online bank to enter the Bitcoin ETF field before UBS. Global banks have been actively discussing the addition of Bitcoin ETFs, viewing it as a competition. Bloomberg's ETF expert Eric Balchunas added that neither Morgan Stanley nor UBS has yet added a Bitcoin ETF, and they are delaying each other in a compliance game, waiting for one of them to take the lead. Does this indicate that the spring of Bitcoin ETFs is coming? What do you think? Welcome to share your views in the comment section!

The European Commission is evaluating the decentralized finance (DeFi) sector and may impose new regulations on it. Under the Markets in Crypto-Assets (MiCA) regulation, the European Commission requires a report to be prepared by December 30, 2024 to assess the DeFi market and the feasibility of specific regulation. The report will explore how to regulate decentralized systems without clear issuers or service providers. The new regulation may require some DeFi interfaces to obtain licenses, raising concerns about the legality of certain crypto projects. A spokesperson for the European Commission said that no policy decisions have been made yet. What impact will this new development have on the DeFi sector? Feel free to share your thoughts in the comments section!

#Binance #BitcoinNFT

Good news and bad news, Binance has decided to streamline its product line, and Bitcoin NFTs will be phased out. This means that starting from April 18, Binance NFT Market will no longer accept transactions and deposits of Bitcoin NFTs. Everyone remember to withdraw your Bitcoin NFTs from Binance before May 18, 2024!

In addition, airdrops, benefits, and utility related to Bitcoin NFTs will also stop being provided after April 10, 2024. Runestone NFT users who meet the airdrop conditions, remember to withdraw your tokens before April 10.

This decision is a bit unexpected. After all, Binance only started supporting Bitcoin NFTs in May 2023, expanding to the Bitcoin network and bringing more opportunities to collectors. What do you think of this adjustment? Welcome to share your views in the comment section!

Wow! According to Coindesk, on Tuesday morning, a wallet marked as the US government transferred 30,175 bitcoins (worth about $2 billion) to a wallet said to be Coinbase. This is the latest development since the US government sold 9,861 bitcoins in March 2023. The purpose of this transfer is still unclear, but some analysts believe it may be related to future sales. What do you think? Feel free to talk in the comments! #Bitcoin# #Coinbase##USGovernment#

The crypto market remains hot! According to Coindesk, driven by Bitcoin's record high and the success of spot Bitcoin exchange-traded funds (ETFs), venture capitalists' investments in crypto projects surged 52% in March. Data shows that investors invested more than $1.16 billion in the industry in March, second only to the highest record in the past 12 months.

Investment hotspots are concentrated in crypto infrastructure and decentralized finance (DeFi) projects, especially those on the Ethereum blockchain. In addition, blockchains such as Polygon and BNB Chain are also popular.

In terms of investment scale, more than half of the investments in March were between $1 million and $5 million, mainly used as seed capital; and investments of more than $20 million accounted for about 10% of all investments.

According to RootData data, about one-third of the funds were invested in US projects. What do you think of this phenomenon? Welcome to talk in the comment area!

[Flash News] It is reported that DeFi project MakerDAO is considering allocating 600 million DAI into USDe and sUSDe, both stablecoins issued by Ethena Labs. Although it is still in the proposal stage, once confirmed by the MakerDAO community, the total locked value of Ethena will reach the expected target. This move will help Ethena grow and develop. What do you think of this proposal? Welcome to share your opinions in the comment area!

[News] According to reports, decentralized exchange dYdX plans to move some operations to the Cayman Islands in response to US regulators’ crackdown on DeFi protocols. In the community referendum, more than 90% of the votes supported this restructuring plan. The Cayman Islands offers a relaxed regulatory framework for digital assets, making it an ideal choice for crypto companies. The Cayman Islands allows international companies to set up foundation companies in its territory. These companies have "independent legal entities" and the managers' personal finances will be protected when the company is subject to litigation. Can this move by dYdX effectively circumvent US regulatory pressure? Everyone is welcome to chat in the comment area.

Wow! Tether successfully completed the AICPA's SOC 2 audit, which is the highest level of security compliance! This shows that Tether attaches great importance to providing users with a safe experience. CEO Paolo Ardoino said that this independent verification of security controls is critical to Tether and demonstrates their determination to become the most trustworthy and compliant stablecoin in the world.

And, Tether promises to conduct SOC 2 audits every year to ensure security practices are consistent with standards. Their goal is to obtain SOC 2 Type II certification by the end of 2025, assessing the effectiveness of Tether’s internal controls over a 12-month period. Do you think Tether can achieve this goal? Welcome to chat in the comment area!

Crypto trading expert Cobie (Jordan Fish) recently launched a crypto angel investor platform called Echo and began internal testing. Echo aims to allow cryptocurrency investors to form groups to collectively invest in crypto projects, providing a unified network to support angel investment in the traditionally fragmented cryptocurrency field. Cobie said that while the Echo may not succeed, any effort to level the playing field and increase opportunities for early-stage cryptocurrency investment is worth a try. It is understood that Echo is only open to "self-certified qualified/proficient investors" and regulations in different regions may apply. When users sign up, they answer a long questionnaire about their investment history to determine whether the Echo is right for them. What do you think of this platform? Welcome to chat in the comment area!

[News] DeFi protocol Prisma Finance suffered a nearly $12 million attack! As reported by The Defiant, Prisma Finance is a DeFi protocol that issues stablecoins backed by Ethereum Liquid Collateral and Re-collateralized Tokens (LRTs). Blockchain security company Cyvers discovered that attackers managed to steal 3,258 ETH before the protocol was suspended by the team. Analysis by security firm Peckshield revealed that the stolen assets had been redistributed to three Ethereum addresses.

After the attack, Prisma's PRISMA token plummeted by 30%, then partially recovered, with a current market value of $9 million. Nearly $110 million was withdrawn from the protocol following the attack, resulting in its total locked value of $127 million. Prisma issues two USD-pegged stablecoins, mkUSD and ULTRA, with market caps of $35 million and just over $2 million respectively. Liquity confirmed that it is not vulnerable to the same type of attack. Fellow blockchain enthusiasts, what do you think about this? Welcome to chat in the comment area!

A Manhattan judge on Thursday sentenced FTX founder Sam Bankman-Fried to 25 years in prison after he was found guilty of stealing more than $8 billion from customers of bankrupt cryptocurrency exchange FTX. The judge called Bankman-Fried an unapologetic liar obsessed with political power. In addition, Bankman-Fried was ordered to repay more than $11 billion to FTX users, investors and lenders. This judgment triggered a lot of discussion. Do you think this judgment is fair? Welcome to share your opinions in the comment area!

Ethena Labs will airdrop 750 million governance tokens ENA to holders on April 2! The tokens will be issued to users who hold the protocol’s “synthetic U.S. dollar” USDe, which is pegged to the U.S. dollar. The airdropped tokens account for 5% of the overall 15 billion ENA supply.

According to a statement from Ethena Labs, ENA tokens will be airdropped to eligible participants on April 2 and will be available on centralized cryptocurrency exchanges (CEXs). The number of airdrops for each user depends on the amount they have accumulated through "shards" before April 1st. Users must stake or otherwise hold their USDe in the Ethena protocol to receive free tokens, the statement said.

Ethena Labs’ airdrop follows the Ethena Shard Campaign, a six-week campaign that asked cryptocurrency enthusiasts to collect “shards” by performing activities on the Ethena protocol. According to Ethena Labs, USDe’s supply reached $1.3 billion during the event, becoming the first U.S. dollar-denominated asset to surpass $1 billion in supply.

Are you ready to claim your ENA tokens? Hurry up and stake your USDe to the Ethena protocol, don’t miss this opportunity! At the same time, welcome to share your opinions and experiences in the comment area!

good news! Ethereum Layer-2 expansion network Optimism has prepared Optimism (OP) tokens worth US$3.3 billion for the community to reward important contributors to the blockchain ecosystem. Optimism Collective announced that 850 million OP will be distributed across four rounds starting in May 2024.

It is reported that these 850 million OP (accounting for 20% of the initial token supply) will be used for financial support, of which 40 million OP worth approximately US$158 million have been issued in the past three rounds. The fourth round will launch Optimism’s Retroactive Public Goods Funding (RPGF), where the community will vote on which projects receive tokens, assuming they have demonstrated value.

Rounds five through seven will reward contributors to infrastructure, governance, and development tools, with the final round ending in mid-November. "Anyone working to improve Optimism, regardless of location, will be eligible for funding," said Optimism Foundation COO Bobby Dresser.

What do you think of Optimism’s move this time? Welcome to share your opinions in the comment area!

good news! Coinbase has decided to move more customers and companies’ USDC stablecoin accounts to Base, the Ethereum layer 2 blockchain it launched seven months ago. Coinbase Vice President Max Branzburg said this will allow the cryptocurrency exchange to manage and protect customer funds with lower fees and faster settlement times. It should be noted that this change only affects Coinbase.com accounts and does not affect Coinbase Wallet.

Coinbase always holds customer assets at a 1:1 ratio and will not lend out funds unless instructed to do so. The co-host of the Ethereum-themed show Bankless believes that Coinbase’s on-chain initiatives will pave the way for future on-chain financial systems, while also setting a precedent for cryptocurrency exchanges and banks to follow suit. What do you think? Welcome to chat in the comment area!

[News] DeFi lender TrueFi announced plans to launch Trinity, a lending platform based on real-world assets (RWA)! According to the TrueFi governance proposal, Trinity will allow users to use tokenized RWA as collateral to withdraw crypto loans, and the first tokenized product will be the treasury bill token tfBILL. Investors can borrow TRI tokens by pledging tfBILL and use DeFi strategies to obtain annualized returns of up to 15%. In addition, investors can also purchase TRI tokens in the secondary market and earn income from borrowing fees after pledging. Currently, the Trinity plan is awaiting approval from the TrueFi Decentralized Autonomous Organization. What do you think of this proposal? Welcome to chat in the comment area!

ANZ and Chainlink Labs have successfully connected Avalanche and the Ethereum blockchain network to implement on-chain settlement solutions! ANZ leveraged Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to model how customers can access, trade and seamlessly settle tokenized assets across different currency networks. Through CCIP, ANZ purchases tokenized assets on the Ethereum network and uses another stablecoin on Avalanche for transaction initiation and settlement.

The core concept is Delivery vs. Payment (DvP), a standard settlement protocol for securities transactions. ANZ is modernizing traditional DvP processes by tokenizing assets and payments on the same blockchain infrastructure, ensuring atomic, unintermediary settlement. In the simulation, ANZ customers obtained tokenized ANZ-issued stablecoin New Zealand dollars (NZ$DC) through Avalanche, purchased tokenized Australian natural assets issued in the form of NFTs on the Ethereum network, and paid Tokenize the Australian dollar stablecoin (A$DC) issued by ANZ Bank.

What do you think about the prospects of this cross-chain settlement solution? Welcome to chat in the comment area!

London Stock Exchange Xidapuben: Starting from May 28, Bitcoin and Ethereum cryptocurrency exchange-traded securities (ENT) trading will be officially opened! 🎉 This means that investors can trade securities corresponding to the performance of crypto assets on the exchange! However, this feast is only open to professional investors for the time being. Dear blockchain friends, what do you think of this news? Feel free to speak freely in the comment area! 💬 Let us look forward to this feast of cryptocurrency trading! 🥳

[News] Polygon zkEVM encountered a network failure and the blockchain was stagnant for more than ten hours! According to reports, the Ethereum Layer 2 network Polygon zkEVM recently encountered a network failure, causing the blockchain to stagnate for about ten hours. The team has acknowledged the failure on social platforms and said it is working hard to solve the problem and will release a detailed post-mortem analysis report. Polygon zkEVM was launched on March 27, 2023. It is a zero-knowledge expansion Rollup solution compatible with the Ethereum Virtual Machine (EVM). However, compared to other Layer 2 networks, Polygon zkEVM has far fewer transactions than its competitors. What do you think? Welcome to chat in the comment area!

Most major European Parliament committees approve ban on anonymous cryptocurrency trading! A majority of the European Parliament’s main committees have reportedly approved a ban on cryptocurrency transactions of any value through custodial crypto wallets. This comes after some EU anti-money laundering and counter-terrorism financing laws were extended to the cryptocurrency market. The new anti-money laundering regulations apply certain restrictions on cash transactions and anonymous cryptocurrency payments, such as prohibiting anonymous cash payments above €3,000. The new regulations are expected to be fully effective within three years of coming into force. What do you think about this? Welcome to share your opinions in the comment area!

Nubit receives seed round financing! This important achievement marks key progress in building the first Bitcoin-native data availability layer. Thanks to the support from well-known institutions such as dao5 and OKX Ventures, the Nubit team is full of confidence, accelerating development and improving technical strength.

Co-founder Yu Feng said: "Nubit will inject new vitality into the Bitcoin ecosystem through Bitcoin's security and censorship resistance." Nubit's major breakthrough is its Bitcoin-native data availability solution, which will develop a variety of basic facility to explore potential technology integrations with the Bitcoin Meta Protocol, Layer 2, Decentralized Finance (DeFi) and Indexers.

Nubit recently partnered with domo, founder of BRC-20 and co-founder of the Layer 1 Foundation, to jointly release a modular indexer. This innovative approach utilizes stateless computation to self-validate checkpoints of the meta-protocol indexer, significantly reducing communication costs.

Nubit is currently in the Pre-Alpha testnet stage and plans to launch the mainnet this year. With the support of leading investors, Nubit will build the first Bitcoin-native data availability layer, increasing Bitcoin’s utility and security. What do you think? Welcome to chat in the comment area!