Binance released the 17th proof of reserves (April 1). The user's BTC assets are 568,000, an increase of 1.08% from March 1, an increase of 6,099 BTC; the user's ETH assets are 4.44 million, an increase of 11.64%; the user's USDT assets are 21.1 billion, an increase of 8.36%. Binance's current reserve assets have reached 117.1 billion, a net inflow of 3.9b from a month ago.

Andre Cronje supports Solana. He said that many skeptics regard congestion as Solana's failure, but congestion is precisely due to the booming development of ecosystem, and the demand for block space has increased significantly. Performance bottlenecks are engineering problems, not defects in the consensus mechanism.

Pantera Capital's Liquid Token fund, with a size of $300m, gained 66% in Q1, mainly benefiting from SOL, RBN, Aevo and STX. It significantly reduced its exposure to Ethereum related tokens, considering factors such as the reduced possibility of the United States approving a spot ETH ETF.

ZA Bank, the largest virtual bank in Hong Kong, announced that it will take the lead in providing banking services to issuers of cryptocurrency stablecoins to provide security for their fiat currency reserves. Hong Kong has just announced the sandbox system for stablecoins.

MakerDAO co-founder Rune Christensen warned that the EU's specific interpretation of the MiCA regulations could lead to a disruption in the development of DeFi. Christensen said there are reports that Europe's financial regulators may require each DeFi frontend in the region to register and operate under a license.

According to SoSoValue, the total net inflows for Bitcoin spot ETFs yesterday were $203 million, marking 4 consecutive days of net inflows. The Grayscale ETF GBTC experienced a net outflow of $198 million for the day, with GBTC's total historical net outflow reaching $15.51 billion. The Bitcoin spot ETF with the highest single-day net inflows was the BlackRock ETF IBIT, with a net inflow of approximately $308 million for the day, bringing IBIT's total historical net inflows to $14.77 billion.

The Deputy Financial Secretary of Hong Kong said: Web3 is revolutionary and Hong Kong will develop in a stable, sustainable and responsible manner. Focusing on two areas, the first is support for Hong Kong’s licensed virtual asset trading platform, and the second is support for Web3 developers. Hong Kong will also allow intermediaries to offer trading in eligible virtual assets, futures and ETFs.

GRAYSCALE: Many traditional assets also delivered positive returns in March 2024. Bitcoin’s performance was at the higher end of the range and Ether’s returns were closer to the middle of the pack. The best performing segments included physical gold, non-US developed market stocks, and energy-related equities.

A jury in the U.S. District Court for the Southern District of New York found Terraform Labs and Do Kwon liable for crypto-asset securities fraud. Jurors agreed with the SEC that Kwon, as well as Terraform Labs, deceived ordinary investors about the nature of the algorithm that pegged UST to the U.S. dollar.

QCP are picking up on more BTC bullishness, reasons including: Increasing BTC spot ETF inflows in the last few days, Positive headlines about Authorised participants for Blackrcok's ETF, Consistently large buying of BTC calls, Reduced leverage in BTC and upcoming BTC halving narrative.

According to SoSoValue, Bitcoin spot ETFs saw a total net inflow of $213 million yesterday, marking the third consecutive day of net inflows. The Grayscale ETF, GBTC, experienced a net outflow of $79.3 million in a single day, with GBTC's historical net outflow now at $15.31 billion. The Bitcoin spot ETF with the highest single-day net inflow was BlackRock's ETF, IBIT, with a net inflow of approximately $144 million, bringing IBIT's total historical net inflow to $14.4 billion.

BlackRock today updated the list of authorized participants (APs) for its spot Bitcoin ETF IBIT, adding new institutions including Citadel, Goldman Sachs, UBS and Citigroup. The expansion of the total number of APs from four to nine is expected to enhance IBIT’s liquidity and accessibility to investors.

Bloomberg: FTX estate sold between 25 million and 30 million locked Solana (SOL) coins to companies including Galaxy Trading and Pantera Capital for $64 each ($174 now). Galaxy raised $620 million to buy discounted SOL. Pantera Capital raised $250m.

WuBlockchain Weekly: The Federal Reserve to Prudently Lower Interest Rates, Bitcoin Miner Fees Reach New Highs, BCH Completes Halving and Top10 News

The U.S. announced that the seasonally adjusted non-farm payrolls increased by 303,000 in March, significantly exceeding market expectations of 200,000. The U.S. unemployment rate was 3.8% in March, with 6.4 million unemployed. The unemployment rate has been in a narrow range of 3.7% to 3.9% since August 2023.

Binance Web3 Wallet announces the completion of 35 new dApp integrations. The additions include: Aevo, Ambient Finance, BAC Games, bevm io/bridge, Blast Off, Blaster Swap, Celluar, CryptoMaze, Cyber8Ball, Ethena, ether fi, FBPAY, Jumper Exchange, Kinza, LayerSwap, LifeForm, Link3, Lista DAO, MonoSwap, Mute io, OmniBTC, Particle, Puffer fi, Satori Perp, Satoshi Protocol, Syclub, SyncSwap, SynFutures, Thena Finance, Ulti-pilot, Whales Market, XY Finance, Zerolend, zkSwap, Zorro.

According to news1, South Korea's financial authorities will issue new guidelines to impose stricter regulations on tokens listed on CEXs. Tokens that have been hacked and have not yet resolved security issues may be blocked from listing, and may be forced to design specific white papers for the local market.

Binance announces strengthened KYC standards: Only verified and compliant users will be granted access to their sub-accounts. By 2024-05-20, sub-accounts holders that have not provided the necessary KYC information will have their accounts fully restricted and will no longer have access to the Binance Link Program services.

5 April Options Data 18,000 BTC options to expire with a Put Call Ratio of 0.64, Maxpain point of $68,000 and notional value of $1.2 billion. 270,000 ETH options are due to expire with a Put Call Ratio of 0.38, Maxpain point of $3,400 and notional value of $890 million.

The Solana network currently has a non-vote transaction failure rate of 76.8%, according to @scarn_eth Dune data. Because many bots engaging in arbitrage generates spam transactions. Solana foundation said a patch will be released soon.