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Updated April 22, 2024

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Binance News (https://www.binance.com/en/feed/news/all) stands as the foremost news source within Binance Square, one of the world's largest crypto communities. Committed to delivering real-time market data and the latest trends, Binance News ensures your audience remains consistently ahead in the dynamic realm of cryptocurrency.

According to Foresight News, Jiang Zhuoer, the founder and CEO of BTC.TOP, a Litecoin mining pool, recently revealed on Weibo that Xu Bo, the founder and chairman of Duoyi Network, had 7800 bitcoins stolen. Zhuoer assisted Xu Bo in tracking the stolen bitcoins through a security agency, marking it as the largest amount of stolen bitcoins he has ever encountered. The current market value of the stolen bitcoins is estimated to be around 3.6 billion yuan.

According to Foresight News, Ahmad Shadid, the founder and CEO of io.net, has announced the restoration of all device data. In addition to this, multiple security patches have been launched to protect user device data through Okta Auth0 backend authorization. Shadid stated that all existing devices would need to be restarted to complete the update.

Furthermore, as users reconnect their devices, the company will address the issue of each individual's normal operating time recorded during this event. This move is seen as a significant step towards enhancing the security and functionality of the devices, ensuring that users can continue to rely on their devices for their various needs. The CEO's announcement has been well-received, with users expressing relief and appreciation for the swift action taken to restore and secure their device data.

According to PANews, the Galxe community's proposal to change the token symbol and migrate the token contract has been approved with a support rate of 99.71%. The GAL token will be exchanged for the G token at a ratio of 1:60.

The proposal included a series of technical improvements, coordination with ecosystem strategic members, and planning for a smooth transition process. Key aspects included modifications to the codebase, adjustments to the identification study, and communication strategies for different stakeholder groups. To strengthen the brand image and increase community participation, it was necessary to change the original token symbol GAL to G and upgrade the existing GAL token smart contract.

If the proposal was approved, the GAL token would be exchanged for the G token at a ratio of 1:60. The total supply of G tokens would be changed to 12 billion, which is 60 times the current total supply of 200 million GAL tokens.

According to BlockBeats, data from Farside Investors on April 27th reveals that BlackRock's IBIT has recorded zero net inflow/outflow for the third consecutive day.

In addition, Grayscale's GBTC experienced a net outflow of $82.4 million, Fidelity's FBTC saw a net outflow of $2.8 million, and Bitwise's BITB recorded a net outflow of $3.8 million. The total net outflow for these funds was $83.6 million.

These figures indicate a significant shift in the flow of funds within the cryptocurrency market. The reasons behind these movements are yet to be determined.

According to Foresight News, recent on-chain data reveals that PayPal's stablecoin, PayPal USD (PYUSD), has seen a significant increase in its total circulation. In the past 24 hours, approximately 100 million additional coins have been issued, bringing the total circulation to around 302 million. The data also shows that the total number of on-chain holders is 7,656, with the number of on-chain transactions standing at 85,177. This surge in circulation and transactions indicates a growing interest and trust in PYUSD among the crypto community.

According to Foresight News, Pike Finance, a cross-chain lending protocol, has reported a hacker attack on its Pike Beta's USDC pool. The attack affected a total of 299,127 USDC. The root cause was fraudulent CCTP messages that depleted the USDC on the Ethereum, Arbitrum, and Optimism chains. However, the USDC and other assets on the Base chain were not affected.

The official team has temporarily suspended the protocol's functions and is currently working with two audit partners to address this vulnerability. They will propose a plan to ensure that all affected users are restored as soon as possible.

According to PANews, Scroll has announced via Twitter that its main network will undergo a Bernoulli upgrade on April 29 at 10 a.m. Beijing time. The upgrade reportedly introduces an EIP-4844 data blob for L1 data availability and support for precompiled SHA2-256. The EIP-4844 data blob is a significant addition to the network, enhancing the availability of L1 data. The precompiled SHA2-256 support is also a notable feature of the upgrade, further strengthening the network's capabilities. The Bernoulli upgrade is expected to significantly improve the performance and security of the Scroll network. However, further details about the upgrade and its potential impact on the network's users have not been disclosed.

According to BlockBeats, the Depository Trust & Clearing Corporation (DTCC) has released a new document stating that from April 30, 2024, as part of the annual credit limit update, the DTCC will implement changes to modify the collateral value of certain securities. These changes could affect the position value applied in collateral monitors.

The collateral valuation of corporate notes or bonds rated from B1 to B3 will be adjusted from 50% to 70%. Any Exchange Traded Funds (ETFs) or other investment tools, including Bitcoin or any other cryptocurrencies as underlying collateral, will have no collateral value and will therefore be subject to a 100% valuation discount.

These changes are expected to have a significant impact on the way collateral is valued and could potentially affect the investment strategies of many firms. The move to discount the value of cryptocurrencies as collateral is particularly noteworthy, given the increasing interest in digital assets in recent years.

According to Foresight News, the zero-knowledge protocol Hinkal has successfully raised $1.4 million in a strategic financing round. The funding round was based on a simple agreement for future equity (SAFE) and token equity certificates, bringing its valuation to $70 million. The round was led by SALT Fund, with participation from Draper Associates, SNZ Capital, and Peer VC.

Currently, Hinkal operates on seven blockchain networks, including Ethereum, Base, Arbitrum, Optimism, Avalanche, Polygon, and BNB Chain. The successful financing round and the broad network operation underline Hinkal's growing influence in the blockchain industry.

According to BlockBeats, asset management firm Franklin Templeton has launched a spot Ethereum ETF, named 'Franklin Ethereum TR Ethereum ETF', with the code EZET. The information was revealed by data from the Depository Trust & Clearing Corporation (DTCC). The Create/Redeem column on the DTCC website lists the ETF, indicating its availability for creation and redemption.

Franklin Templeton is a global leader in asset management, and the launch of this Ethereum ETF marks a significant step in the firm's expansion into the digital asset space. The ETF, coded as EZET, is now listed on the DTCC website, a major platform for securities transactions in the United States.

The listing of the ETF in the Create/Redeem column signifies that it is available for creation and redemption. This is a crucial aspect of ETFs, as it allows for the adjustment of the supply of ETF shares in response to demand, helping to keep the ETF's market price close to its net asset value.

This move by Franklin Templeton indicates a growing interest in digital assets among traditional financial institutions. The launch of the Ethereum ETF provides investors with a new way to gain exposure to Ethereum, one of the leading cryptocurrencies, without the need to directly own the digital asset. This could potentially attract more investors to the digital asset market, further driving the growth of the sector.

According to PANews, HODL15Capital has monitored the trading volume data of Bitcoin spot ETFs on April 26. The data shows that BlackRock's IBIT had a trading volume of $734 million, Grayscale's GBTC had a trading volume of $380 million, Fidelity's FBTC had a trading volume of $309 million, ProShares' BITO had a trading volume of $212 million, ARKB had a trading volume of $55.42 million, and BITB had a trading volume of $41.70 million.

This data provides an insight into the trading activities of various Bitcoin spot ETFs. It shows the dominance of BlackRock's IBIT in the market, followed by Grayscale's GBTC and Fidelity's FBTC. ProShares' BITO, ARKB, and BITB also had significant trading volumes, although they were less than the top three.

The trading volume data is an important indicator of the market activity and investor interest in these Bitcoin spot ETFs. It can be used to gauge the popularity and liquidity of these investment products. The high trading volumes of these Bitcoin spot ETFs indicate a strong interest from investors and a vibrant market activity.

According to PANews, Yuga Labs, a prominent player in the crypto industry, is undergoing a significant restructuring process. As part of this process, the company has reduced its team size. The news was announced by Greg Solano, the co-founder of Yuga Labs who took over as CEO in February this year. Solano made the announcement via social media, stating that Yuga Labs had 'lost its direction' and would now focus on building a 'smaller, more flexible crypto-native team'.

Solano also revealed that some of the company's plans have already been put into action. Farawaygg, a Web3 game development company, will allow Yuga to focus on the development of the 3D Otherside game. More details about this plan will be announced soon. The restructuring is seen as a strategic move to streamline operations and refocus the company's efforts on its core competencies in the rapidly evolving crypto industry.

On Apr 27, 2024, 01:18 AM(UTC). According to Binance Market Data, BNB has dropped below 590 USDT and is now trading at 587.099976 USDT, with a 3.47% decrease in 24 hours.

According to Foresight News, Lido has announced the successful completion of its SSV Simple DVT testnet. The company is now preparing for the launch of its mainnet. In the coming weeks, selected participants will be using SSV technology to join the mainnet Lido Simple DVT module. This development marks a significant step forward in Lido's technological advancement.

On Apr 27, 2024, 00:46 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,987.25 USDT, with a 1.76% decrease in 24 hours.

On Apr 27, 2024, 00:43 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,099.310059 USDT, with a 1.30% decrease in 24 hours.

According to Foresight News, Web3 social platform, friend.tech, has announced the completion of its snapshot and the locking of point balances. The platform has also stated that the cancellation or reconnection of Twitter will no longer result in the transfer of points. Details regarding the on-chain situation of the points will be disclosed next week.

According to Bloomberg, Representative Hill, the chair of the subcommittee on digital assets, has indicated that the House leadership is considering the best way to pass a package that includes the SAFE Banking Act. In an interview, Hill stated his support for the Act, which he has backed for nine years. The Act would enable cannabis dealers in states where it is legal to access the banking system. Hill believes that this would make it easier to identify illegal activities and 'bad actors' if these companies were part of the banking system.

Hill also mentioned that lawmakers are nearing a bipartisan agreement on legislation to regulate stablecoins. He expressed optimism about the progress made over the past year and stated that the country would benefit from the passage of both bills. The Arkansas Republican did not provide further details on the potential agreement or the timeline for its implementation.

On Apr 26, 2024, 22:26 PM (UTC). According to Binance Market Data, BNB has dropped below 600 USDT and is now trading at 598.5 USDT, with a 2.40% decrease in 24 hours.