3.30 - 4.1 Important Industry Trends
1. Mainstream exchange news:
● Binance CEO Richard Teng will visit South Korea and will discuss the Gopax issue with financial authorities and try to communicate with financial authorities to solve the problem of entering the Korean market.
● Coinbase Derivatives has postponed the launch of DOGE futures contracts to April 29, after previously announcing that it would launch monthly cash-settled futures contract trading for Dogecoin, Litecoin and Bitcoin Cash on April 1.
2. Mainstream projects & hot event trends:
● CME Fed Watch: The probability of the Fed keeping interest rates unchanged in May is 95.8%, and the probability of the Fed keeping interest rates unchanged in June is 36.4%.
● The full-chain LST protocol Stakestone started lock-up mining on March 30, with a recharge limit of 200,000 STONEs. TVL exceeded US$49 million 5 minutes after staking was opened.
● UniSat has been upgraded to v1.2.10, supports 5-byte BRC20 and optimized the display method.
● On March 31, Pendle TVL exceeded US$3.4 billion, reaching a record high; at the same time, PENDLE exceeded 5.1 USDT, continuing to reach a record high.
● On March 31, Base TVL exceeded US$3.2 billion, an increase of 62.69% within 7 days;
● Bitget Wallet has supported the Degen Chain main network and can be added by searching with one click. The DApp area has included support for the Degen Chain cross-chain bridge, DEX, market tools, etc.
3. Financing information updates:
● According to data from The Block Deals Dashboard, total financing of cryptocurrency or blockchain companies exceeded US$1.4 billion in March, the highest level since September 2022.
● Farcaster developer Merkle Manufactory is about to complete a round of financing led by Paradigm, with a valuation of approximately US$1 billion.
● Arrow Markets, an options trading platform based on Avalanche, completed US$4 million in Series A financing, with participation from institutions such as Framework Ventures, Delphi Ventures and Avalanche Blizzard Ecosystem Fund.
● Web3 basic layer Mystiko.Network completed a seed round of US$18 million in financing, led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey and others.
● Modular blockchain sophon completed US$10 million in financing, with participation from OKX, SevenX and others.
4. Regulatory information updates:
● US CFTC Commissioner Caroline Pham said that the CFTC's accusation against KuCoin may have violated the SEC's powers. The CFTC's recent accusation against KuCoin may interfere with its cooperative institutions.
