Featured Highlights:
1. The meme currency sector continues to be strong, with PEPE rising by more than 60% in 24 hours;
2. Bitcoin climbed to $65,000, a new high since December 2021;
3. The open positions of Bitcoin contracts across the entire network exceeded US$29 billion, a record high;
4. The seven-day transaction volume of Bitcoin NFT surpassed that of Ethereum NFT, reaching US$168 million;
5. Nearly $200 million in assets were transferred from MEXC to an unknown wallet
price watch
FTM briefly broke through $0.7, with a 24-hour increase of 30.56%
On March 4, according to market data, FTM broke through $0.7 in a short time and is now quoted at $0.698, a 24-hour increase of 30.56%.
NodeMonke#2769sold for 17 BTC, approximately $1.09 million
On March 4, according to Magic Eden data, NodeMonke #2769, which has two rare attributes including "Alien" and "Hoodie", was sold for 17 BTC, which is approximately US$1.09 million. Earlier today, according to NFTstats.eth monitoring data, the whale address starting with bc1p8jjt purchased six "alien" NodeMonkes for a total price of 53.45 BTC a few hours ago, approximately US$3.35 million. It currently holds a total of 19 NodeMonkes NFTs, and the total purchase cost is approximately 65 BTC.
SATS rose more than 23% in 24 hours, temporarily trading at $0.0000007167
On March 4, according to Bitget market data, SATS rose above $0.0000007, temporarily trading at $0.0000007167, with a 24-hour increase of 23.58%.
Bitcoin rally hits $65,000, highest since December 2021
On March 4, according to OKX market data, Bitcoin hit $65,000, with a 24-hour increase of 5.61%, a new high since December 2021.
The meme currency sector continues to be strong, with PEPE rising over 60% in 24 hours
On March 4, according to market data, the meme currency concept sector continued to be strong, including:
PEPE rose 60.72% in 24 hours, temporarily trading at $0.00000712;
WIF rose 15.80% in 24 hours, temporarily trading at $1.8587;
FLOKI rose 25.19% in 24 hours, temporarily trading at $0.0001597;
BONK rose 56.53% in 24 hours, temporarily trading at $0.00003572;
MEME’s 24-hour increase reached 35.58%, temporarily trading at $0.054133;
PEOPLE rose 29.48% in 24 hours, temporarily trading at $0.05780;
DOGE rose 26.31% in 24 hours, temporarily trading at $0.16876;
SHIB rose 29.75% in 24 hours, temporarily trading at $0.00002730.
transaction tracking
The address associated with the Ethereum Foundation transferred 500 ETH to market maker Cumberland 10 hours ago
On March 4, according to monitoring by @ai_9684xtpa, 10 hours ago, the Ethereum Foundation associated the address starting with 0xa04 to transfer 500 ETH, approximately US$1.74 million, to the crypto market maker Cumberland DRW. This address received 47,814 ETH transferred from the Ethereum Foundation eight years ago (2015.11.08), when the price of ETH was only $1.03. From 2020.08.07 to 2024.03.03, this address deposited a total of 21,400 ETH to Cumberland and Kraken.
A whale purchased six "alien" NodeMonkes for a total price of 53.45 BTC
On March 4, according to NFTstats.eth monitoring data, the whale address starting with bc1p8jjt purchased six "alien" NodeMonkes for a total price of 53.45 BTC a few hours ago, approximately US$3.35 million. It currently holds a total of 19 NodeMonkes NFTs, and the total purchase cost is approximately 65 BTC. According to Magic Eden data, the floor price of NodeMonkes is temporarily quoted at 0.88 BTC.
SHIB, UNI, HarryPotterObamaSonic10Inu top the Smart Money 24-hour inflow list
On March 4, according to Nansen 2 data, Smart Money’s 24-hour capital inflow tracking list on the Ethereum network is as follows: SHIB: approximately US$1.82 million, currently quoted at US$0.0000233, with a 24-hour increase of 7.94%; UNI: approximately US$1.3 million, The current quotation is US$12.46, with a 24-hour decrease of 0.69%; Meme token HarryPotterObamaSonic10Inu: approximately US$550,000, and the current quotation is US$0.1778, with a 24-hour increase of 20.65%.
6 whale addresses withdrew SHIB totaling ~$10M from Coinbase 13 hours ago
On March 4, according to Scopescan monitoring, 6 whale addresses withdrew a total of 428 billion SHIB (approximately US$10 million) from Coinbase 13 hours ago. The above address did the same thing in 2021 before SHIB reached its all-time high, and they never sold any SHIB.
Nearly $200 million in assets transferred from MEXC to unknown wallet
On March 4, according to Whale Alert monitoring, assets worth nearly $200 million were transferred from MEXC to unknown wallets.
Jutsin Sun deposits 20 billion SHIB to Poloniex, equivalent to approximately $540,000
On March 4, according to @ai_9684xtpa monitoring, the Jutsin Sun associated address 0x176...0a132 deposited 20 billion SHIB to Poloniex, worth US$540,000. This address currently holds 517 billion SHIB, with a total value of US$14.08 million, making it the third-largest token asset held by this address.
MakerDAO Lianchuang once again increased its holdings of US$400,000 in SHIB 12 hours ago
On March 4, according to @EmberCN monitoring, after MakerDAO Lianchuang Rune Christensen tried to buy SHIB on March 1, SHIB rose by 50% on March 2. So Rune continued to buy 400,000 USDC of SHIB (17.6 billion SHIB) 12 hours ago, and SHIB also rose by 20% a few hours later. Rune has currently spent a total of 500,000 USDC to buy 25 billion SHIB, with an average price of $0.00002.
A whale increased its holdings of PEPE by approximately US$1.03 million
On March 4, according to Lookonchain monitoring, after the price of PEPE hit a record high again, the wallet labeled ExnetworkCapital withdrew 142.8 billion PEPE (approximately $1.03 million) from Bybit 18 minutes ago.
Two new wallets withdraw large amounts of ILV, PRIME and AGLD tokens from CEX
On March 4, according to Lookonchain monitoring, in the past 2 hours, 2 new wallets withdrew 23,357 ILV (approximately $2.78 million), 80,000 PRIME (approximately $1.2 million) and 660,916 AGLD from Binance and Bybit. (approximately $1.11 million).
Ark Invest reduced holdings of Coinbase shares worth approximately $45 million last week
On March 4, The Block reported that Cathie Wood’s Ark Invest sold 217,305 Coinbase shares last week, worth nearly $45 million as of Friday’s close. Ark also sold $11.4 million worth of Robinhood stock during the same period. At the close of trading on Friday, Coinbase stock was trading at $205.77, up 22% for the week, up 60% in the past month, and more than 150% for the year, but it is still lower than the $342.98 hit during the peak of the last crypto bull market in November 2021. It's down 40% from its all-time high.
An early PEPE investor’s earnings exceeded 11,077 times, with a total profit of approximately US$32.8 million.
On March 4, according to Lookonchain monitoring, an early PEPE investor spent US$3,000 to purchase 4.9 trillion PEPE (currently equivalent to approximately US$35.5 million). He sold 760 billion PEPE (approximately $2 million), currently holds 4.15 trillion PEPE (approximately 30.8 million), and is the 13th largest holder of PEPE on the chain. His total profit on PEPE was approximately $32.8 million, representing a multiple of 11,077.
Project news
friend.tech: Investors agree to give up the right to sell tokens to users
On March 4, friend.tech said on social platforms, “Investors agree to give up their right to sell to you and let us create a truly user-controlled currency unprecedented in the cryptocurrency field. This is the craziest thing in the cryptocurrency field. One of the experiments."
Bitdeer announces the launch of its first cryptocurrency mining chip SEAL01
On March 4, Bitdeer Technologies Group (NASDAQ: BTDR), a technology company in the field of blockchain and high-performance computing, today announced the launch of its first cryptocurrency mining chip SEAL01. SEAL01 is designed using advanced 4-nanometer process technology. SEAL01 The chip will be seamlessly integrated into its upcoming mining device SEALMINER A1.
Bitcoin mined an empty block 23 minutes ago at height 833061
On March 4, according to mempool data, an empty block was mined at Bitcoin height 833061 (that is, the block only contains a transaction containing the block reward Coinbase), which is only 7 seconds away from the previous block height. Miners package empty blocks out of economic interests, and doing so is the wisest choice for miners. In order to make full use of this time for mining and avoid conflicts with transactions packaged in the parent block, miners cannot fill the block with transactions, which means that miners can only try to mine empty blocks.
Decentralized AI data network Port3 Network launches second season of mining
On March 4, the decentralized AI data network Port3 Network announced the launch of the second quarter of mining. Users can participate in transaction mining and social mining, share the transaction fee pool, Key dividend pool, and cash dividend pool, and obtain PORT3 and USDT token rewards. This mining is also part of Port3’s second season airdrop. 30 million PORT3 tokens will be distributed in the second quarter airdrop. Detailed airdrop rules will be announced later.
It is reported that the total mining transaction volume of Port3 Network in the first quarter exceeded 995 million US dollars, and users shared a total of 4.54 million US dollars. Twitter interactions reached nearly 1.4 million times, and it has currently accumulated 4.8 million users.
AltLayer: Celestia stakers’ first season ALT airdrop application will end tomorrow
On March 4, AltLayer announced that Celestia stakers’ ALT Season 1 airdrop claims will end at 16:00 on March 5.
Chain gaming Fusionist launches Prime Ace, the first 404 product, committed to building a new ACE ecosystem
On March 4, chain game Fusionist stated on social platforms that it will launch a new product Prime Ace (PeACE). Prime Ace is a set of ACE Avatar collectibles based on ERC 404 NFT, and it is also the first to be launched on the Endurance distribution platform. Token. Revenue from the ACE Arena gaming and publishing platform will be directly injected into PeACE's liquidity pool. Fusionist is focusing on building a sustainable ACE ecosystem with Prime Ace (PeACE) as its core, focusing on revenue generation, liquidity provision and risk management. .
MOBOX has issued an airdrop of 600 ETH to MODragon holders, worth approximately $2.1 million
On March 4, according to official news, the Web3 gaming platform MOBOX opened the first round of airdrops for MODragon holders, with a total of 600 ETH distributed. It is reported that the NFT issued by MODragon for MOBOX will be used in the 3D open world Dragonverse Neo of the upcoming Bitcoin second-layer network Merlin Chain. In addition to MODragon, core assets such as Dragon Ball will also be used and empowered in the game. Officials stated that this airdrop is the first phase of warm-up activities before the game is launched, and MOBOX will release more benefits in the future to give back to the community.
CeFi Information
Binance Financial Management will support Pixels (PIXEL) airdrop distribution to RONIN regular product users
On March 4, according to an official announcement, the Binance financial management platform will support the airdrop distribution of Pixels (PIXEL) to RONIN regular product users. Binance will complete the PIXEL airdrop distribution to eligible RONIN regular product users before 20:00 on March 18, 2024 (Eastern Eighth District time).
Binance contracts will stop supporting USDP as a syndicated margin asset
On March 4, the Binance contract will support FDUSD as a joint margin asset from 17:00 on March 8, 2024, and will stop supporting USDP as a joint margin asset at 14:00 on March 14, 2024 (Eastern Eighth District Time) assets.
Due to the above changes, the USDP transfer limit under joint margin mode has been updated to zero. After 14:00 on March 14, 2024, the remaining USDP balance in the U-based contract wallet will be automatically converted to USDT at a ratio of 1:1, and the conversion process will take approximately 24 hours. Please note: Conversions may not appear in transaction history.
Binance will add OM/TRY, PEPE/FDUSD and other spot trading pairs
On March 4, Binance will launch OM/TRY, PEPE/FDUSD, PIXEL/USDC, STRK/USDC, THETA/TRY, and UNI/FDUSD spot trading pairs at 16:00 on March 5 to provide users with more spot transactions. options.
opinion data
Bitcoin NFT 7-day trading volume surpasses Ethereum NFT, reaching $168 million
On March 4, according to Cryptoslam data, the transaction volume of Bitcoin NFT reached US$168 million in the past seven days, surpassing the US$165 million transaction volume of Ethereum NFT during the same period.
The Numbers: Modular Layer2 Manta Pacific TVL tops $1.94 billion
On March 4, according to L2beat data, the current Manta Pacific TVL exceeded US$1.94 billion, a month-on-month increase of 4.15%. Manta Pacific is the first modular Layer2, built on OP Stack and Celestia, and is supported by Binance Labs, Polychain, Coinfund, ParaFi and other institutions.
Open interest in Bitcoin contracts across the network exceeds $29 billion, reaching a record high
On March 4, according to data from Coinglass, the open positions of Bitcoin futures contracts across the entire network were 453,700 BTC (approximately $29.021 billion), a record high. Among them, the CME Bitcoin contract’s open position is 136,600 BTC (approximately US$8.722 billion), ranking first; the Binance Bitcoin contract’s open position is 104,100 BTC (approximately US$6.66 billion), ranking first. second.
Michael Saylor: We are in a Bitcoin gold rush that will last ten years
On March 4, according to Cointelegraph, MicroStrategy founder Michael Saylor said, “I think we are in the Bitcoin gold rush era, which will start in January 2024 and will last until about November 2034.” In addition, Saylor said that by In 2035, 99% of all Bitcoins will be mined, and 2035 will mark the beginning of the "growth phase." According to data from Buy Bitcoin Worldwide, approximately 93.5% of the total 21 million Bitcoins have been mined so far.
Matrixport: Supply and demand imbalance continues to favor Bitcoin price growth
On March 4, Matrixport stated on social platforms that the Bitcoin bull market is still continuing. Demand from institutions is intertwined with the reawakening of retail traffic. The imbalance between supply and demand continues to favor Bitcoin prices.
USDe market capitalization exceeds US$700 million
On March 4, the market value of USDe, a stablecoin issued by Ethena Labs, exceeded US$700 million and is now valued at US$742 million. It is reported that USDe is a stable currency based on Ethereum and is guaranteed by derivatives. It achieves price stability through "delta-neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to stake USD, ETH or liquid tokens as collateral.
DWF Lianchuang: ETH and EVM hype season is coming
On March 4, DWF Labs co-founder Andrei Grachev posted on the social platform, "Now you see the MEME currency hype season, the hype of Ethereum and EVM (Ethereum Virtual Machine) is coming. Be prepared, if you have Project - Fundraising as soon as possible."
Zircuit TVL crosses $400 million
On March 4, according to official data, the zkRollup Zircuit protocol TVL exceeded US$400 million, tentatively reported at US$404,800,064.96.
BlockBeats previously reported that on February 23, zkRollup Zircuit announced the launch of its staking plan. Users can now participate by staking ETH, ezETH, rswETH, rsETH, LsETH and stETH and other assets. Not only can they continue to enjoy the original staking income, EigenLayer Points and other rewards, you will also receive an additional 100% Zircuit Points reward.
10X Research CEO: Bitcoin may hit a new all-time high this week
On March 4, 10X Research CEO Markus Thielen said in a newly released report that he currently suspects that many new fund inflows from retail investors and institutions are based on fixed dollar amounts, and investors may not be sensitive to currency prices and are generally It is believed that the halving event is good for Bitcoin. As a result, Markus believes Bitcoin could hit a new all-time high this week.
Markus said price action over the weekend is always an important factor to watch, and while buyers (again) tried to establish liquidity leveraged long positions, there were no sellers (sellers were illiquid), meaning prices were only going to go up, new history The high is coming. BlockBeats Note: Markus Thielen is the founder and CEO of 10X Research. He also provides paid market research reports to subscribers as a Matrixport analyst. He has accurately predicted the price trend of Bitcoin many times during this round of rises. Previously, a research report was released on January 3 analyzing the possibility that the Bitcoin spot ETF "may not be approved." Subsequently, Bitcoin fell by more than 10% in a short period of time, causing heated discussion in the market.
BlockBeats recently conducted an exclusive interview with him. In the interview, Markus also expressed his views on the market outlook and introduced the basis for his analysis. He even bluntly stated that Bitcoin will rise to $125,000 in this bull market. The complete interview can be read by clicking on the "original link" below.
Greeks.Live researcher: The market has a strong bullish atmosphere and has entered the FOMO stage
On March 4, Greeks.Live researcher Adam posted on social media that almost all of the orders exceeding $5 million in the option block market last weekend were to buy call options, and some were superimposed on selling out-of-value to form a bull market spread to reduce costs. . Back on Monday, BTC once again hit a new high for the year, and a large number of short- and medium-term bull market spreads were traded. Currently, the ultra-short-term IV has approached 80%. The market has a strong bullish atmosphere and has entered the FOMO stage.
regulatory news
The U.S. SEC will make a decision tomorrow on Fidelity’s Ethereum spot ETF application
On March 4, according to the official website of the U.S. Securities and Exchange Commission (SEC), the SEC had previously postponed the deadline for making a decision on Fidelity’s Ethereum Spot ETF application on January 19. The new deadline is March 5. "The Commission believes it is necessary to designate a longer period of time for action on the proposed rule changes to allow sufficient time to consider the proposed rule changes and the issues raised therein," the SEC said.
The Securities and Futures Commission of Hong Kong warns the public to beware of suspicious websites pretending to be licensed virtual asset trading platforms
On March 4, according to an official announcement, the Hong Kong Securities and Futures Commission (SFC) today warned the public of the following suspicious websites impersonating two licensed virtual asset trading platforms: HSKEX impersonating Hash Blockchain Limited and OSL Digital Securities Co., Ltd. oslexu, oslint. After receiving reports of victims’ difficulty in withdrawing money, the Hong Kong Securities and Futures Commission added the above-mentioned website to the SFC’s Suspicious Virtual Asset Trading Platform Warning List on March 4, 2024. Victims also stated that they had been asked to pay high "fees and taxes" to withdraw money from the relevant websites. The Hong Kong Police Force has taken action to block the relevant website at the request of the Securities and Futures Commission.
The Securities and Futures Commission of Hong Kong once again reminds the public that online investment scams may involve any type of assets and be conducted through multiple channels, including social media and messaging applications. Investors should remain vigilant and verify the legitimacy of virtual asset trading platforms before conducting any transactions. The Hong Kong Securities and Futures Commission calls on the public to use the SFC’s public register of licensees and registered institutions and the list of licensed virtual asset trading platforms to check the latest information on licensed entities, including their official websites. Investors should also not send money or conduct any transactions before verifying the identity of the other party.
U.S. judge makes default ruling in insider trading case of former Coinbase product manager
On March 4, according to CoinDesk, in an insider trading case involving former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani, the U.S. court ruled on March 1 that in the secondary market (ie. Trading certain cryptoassets on Coinbase is a securities transaction.
The ruling stated: “Even if Ramani traded the tokens on the secondary market, the court’s analysis remained unchanged. Each issuer continued to make such representations about its profitability while the tokens were trading on the secondary market. Therefore, Under the Howey test, all cryptoassets purchased and traded by Ramani were investment contracts.” The court made this important position clear in its default judgment against Ramani. A default judgment is entered when the defendant fails to respond to a court summons or fails to appear in court.
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