The former First Lady of the United States launches the "Integration of Virtual and Real" necklace

Former U.S. President Donald Trump, who was recently involved in the "hush money case" of election fraud, has seen a continued decline in the trading volume of his NFTs. But Melania, the former first lady of the United States. Melania Trump seems not to give up on her family's "NFT business" and recently launched a "virtual and real integrated necklace" to celebrate the upcoming Mother's Day.

The customized virtual and real integrated necklace launched by Melania costs US$245. Users can purchase it through a wallet that supports the Solana chain. When getting the necklace, they can also get a corresponding digital collection NFT.

Ethereum spot ETF has been delayed again, SEC: more time is needed

The U.S. Securities and Exchange Commission (SEC) recently announced that it will postpone its review decision on the Ethereum spot ETF application submitted by Grayscale Investments and Wall Street giant Franklin Templeton, which shows that the SEC still has a strong stance on cryptocurrency-related products. quite cautious attitude.

Grayscale’s application to convert the Ethereum Trust into an ETF was originally scheduled to expire on April 24, but in a notice issued on April 23, the SEC extended the decision deadline to June 23. The decision deadline for Franklin's application has also been extended to June 11 for re-evaluation.

Lookonchain: Anonymous trader multiplied 1025 times by buying “this coin”

On-chain analyst Lookonchain pointed out on Monday (21st) that after an anonymous trader purchased the meme currency $GUMMY on the Solana chain, the principal increased from US$9,770 to 10 million in just one day. USD, which equals 1,025 times the reward.

But Lookonchain also discovered that the trader transferred 65.23 Solana ($SOL) from the centralized exchange 12 minutes before $GUMMY was deployed. He spent 64.5 $SOL (worth $9,769 at the time) to purchase 97.36 million $GUMMY in the block where the deployer added liquidity.

"Ao Ben Satoshi" will not sue! Lawsuit dropped against 12 Bitcoin developers

Australian computer scientist Craig. After Craig Wright was judged by the judge to be "not Satoshi Nakamoto" in the British Supreme Court trial in March, he dropped the lawsuit against 12 Bitcoin developers last weekend (18th), "Bitcoin The Bitcoin Legal Defense Fund also confirmed the news last week.

The lawsuit was first filed by "Oben Satoshi" Wright in 2021. Wright claimed that his Tulip Trading company owned 110,000 Bitcoins (market value of approximately $7.3 billion), but lost the private key to the funds in a hacker attack.

Solana meme coin pre-sale leads to more than $25 million in funds being "pulled under the rug"

The meme coins on the Solana blockchain have made countless investors rich in the past three months, including $BONK, $WIF, etc., which have set off a craze. Many project developers have taken advantage of investors' FOMO mentality to launch "meme currency pre-sales," which allows investors to purchase meme currencies that have not yet been launched at a cheap price.

However, in the past month, more than 25 million US dollars of funds have been raised in the meme coin pre-sale, and more than 50% of the projects have been abandoned midway, and some have not even issued coins.

Why has the impact of the halving event on the Bitcoin ecosystem gradually weakened?

OKLink data shows that Bitcoin successfully completed the fourth halving at block height 840000 (8:09 on April 20, 2024, Taiwan time), and the Bitcoin mining reward was officially reduced from 6.25 BTC to 3.125 BTC. After this halving, the Bitcoin inflation rate will also drop from 1.75% to 0.85%. It is expected to be only about 1/2 of the gold supply growth rate, making it a truly scarcer asset than gold.

The short-term income of Bitcoin miners after the halving will theoretically be directly affected. However, because Bitcoin Rune was launched simultaneously with the Bitcoin halving, the transaction fees on the Bitcoin chain have increased rapidly in the past two days. As for whether the miners felt the negative impact of the halving in the first 100 blocks after the halving, on the contrary, they got more than before the halving: On April 20 alone, the on-chain losses caused by rune activities Transaction fees accounted for as high as 57.7%; the transaction fees generated by block 840000 reached 37.626 BTC, which is about 6 times the block reward before the halving. Since the completion of this Bitcoin halving, transaction fees account for nearly 60% of miners’ income (as of 18:00 on April 22, 2024).

The Runes protocol is online, what projects are worth paying attention to?

The Runes protocol provides a new method for issuing fungible tokens on the Bitcoin network. As an alternative to the BRC-20 standard, it is designed to simplify token creation and management while seamlessly integrating with Bitcoin infrastructure. The Runes protocol went live on April 20 and has been a huge success.

Hundreds of Runes were minted on the first day. Now that the halving has been completed, the rune hype is getting hotter and hotter. Crypto KOL Rekt Fencer took stock of 8 runes with "hundred times" potential. It is worth noting. Some projects are already online and some are not yet online and can be viewed through the UniSat or OKX Wallet markets.

There are reasons to remain bearish

Rune Protocol has been launched on April 20, and many people in the market are FOMO.

But now there are several reasons to remain bearish. First of all, the pre-rune token market was booming before the runes were launched. Rune stones, RSIC and PUPS had already surged, promising that holders would receive airdrops of new runes.

The market was quite FOMO before Rune went online, but just like the NFT craze after JPEG was released, the market will soon cool down.

Here are the reasons:

As Bitcoin transaction fees soar, retail traders may be stuck and lose confidence.

Magic Eden opens Runes token trading

After the Bitcoin Runes homogeneous token standard protocol, which sparked a heated discussion, was launched on April 20, Magic Eden, the cross-chain NFT trading platform that ranks first in the Bitcoin ecological transaction volume, also followed this trend and launched support for Runes. The token platform makes buying and selling more convenient.

The goal of Runes is to solve the problem of slow and expensive transactions on the Bitcoin blockchain. It was launched by Ordinals founder Casey Rodarmor and provides a simpler and more efficient system than BRC-20.

💡Extended reading: What are the "Runes" that make Bitcoin BRC20 transactions fast and cheap? Did it really achieve its goals?

Major events in the currency circle: Bitcoin halving completed

On April 20, the Bitcoin (BTC) network successfully conducted its fourth halving event after the 840,000th block was mined, and the mining block reward was officially reduced from 6.25 Bitcoins to each block. 3.125 pieces. As of the time of publication, the price of Bitcoin fell to $66,942, an increase of 6.12% compared with the past week.

Logically speaking, since the reward halving will reduce the number of Bitcoins mined by miners, when the supply drops, it may push the transaction price higher. It can also be observed from past history that the value of Bitcoin increases after every halving.

What is decentralized identity?

Imagine that when you walk into a bar in the future, you no longer have to dig out your identity document from your bag. Instead, you can directly use your mobile phone to "beep" to let the clerk know that you meet the required age, and you no longer have to worry about losing your identity document. , or the issue of personal information being recorded or misappropriated by intentional persons.

Through the decentralized identity (DID) technology on the blockchain, such application scenarios can be realized, and even further strengthen the protection of personal privacy and data security.

"WEB3+" held a "Gathering on Blocks" event in April, inviting Huang Yanlin, a security system engineer from the Digital Development Department, Wang Zhiqing, co-founder and digital chief of the LeadBest Consulting Group digital empowerment consulting group, and directors of the Bitcoin and Virtual Currency Development Association Chang Lin Hongyu, with the title "Decentralized Identity: A New Solution for Identity Verification", shared the future development possibilities of the practical application of "decentralized identity".

AI stocks plummet and affect the market

On the 19th, U.S. stocks had a tragic day for artificial intelligence (AI)-related stocks. Supermicro, known as the “strongest AI monster stock,” fell 5.4% to $146.64. Chip design company Anmou (Arm) also flashed 16.9% to $87.19.

Foreign media pointed out that the reason behind the decline of AI stocks is that Supermicro is expected to announce its financial report on April 30, but it has not disclosed financial guidance and earnings so far. The failure to issue a profit forecast is likely to imply poor profits, triggering Wall Street's worries.

What is the Bitcoin protocol "Runes"?

The Bitcoin halving that was successfully completed this weekend (20th) can be said to be one of the biggest events in the currency circle this year. The block reward that miners can obtain from mining will also be increased from the original 6.25 Bitcoins ( BTC) "halved" to 3.125.

In addition to the Bitcoin halving event, the Bitcoin homogeneous token protocol "Runes" was also launched simultaneously this weekend, attracting market attention and causing a boom in the minting of rune tokens, resulting in a significant increase in Bitcoin transaction fees.

The goal of Runes is to solve the problem of slow and expensive transactions on the Bitcoin blockchain. It was launched by Ordinals founder Casey Rodarmor and provides a simpler and more efficient system than BRC-20.

Telegram stickers and emoticons will become TON chain NFTs

Pavel, CEO of messaging software Telegram. Pavel Durov recently stated at the Token 2049 event in Dubai that officials are planning to convert stickers and emojis on the Telegram platform into NFTs (non-fungible tokens) and store them in TON on the blockchain.

In other words, users can trade or collect stickers and emoticons through NFT, just like purchasing LINE stickers becomes NFT. Through this update, Telegram will more deeply integrate its own messaging software and TON’s ecosystem, while exposing more users to blockchain technology.

Bitcoin halving completed, currency price exceeded 65,000!

On April 20, the Bitcoin halving officially took place, and the price rebounded from the weekly low. It once rose to US$65,640 this morning (22nd) and was quoted at US$65,071 at the time of writing.

Bitcoin spot ETF inflows also improved, with data from Farside Investors showing the ETF saw a net inflow of $30.4 million the day before the halving, changing a five-day streak of outflows.

"Cointelegraph" senior analyst Rakesh Upadhyay pointed out that Bitcoin has rebounded close to the 20-day exponential moving average (EMA). If there is no sharp decline at this point, or even breaks through the EMA, it means that Bitcoin may be at 60,775 in the near future. It fluctuates between $73,777 for a period of time; conversely, if Bitcoin falls sharply, it may retest the support area between $59,600 and $60,775.

The game "play and own"! Hollywood and gaming industry professionals create new business models

Mark Meyers, the former vice president of Disney Game Studios, and industry figures from various well-known IPs in Hollywood and the game industry are currently working together to establish a AAA-level Web3 game publisher "Galactic Group" in Dubai ( Galaxy Group) and established "Galactic Entertainment Publishing", a department specializing in publishing Web3 games.

The company is trying to use blockchain technology to promote a new business model "Play-to-Own" in the game industry; it has changed from the past where game manufacturers worked behind closed doors and waited until the products and IP were completed. To re-introduce the traditional model to the market, Galactic borrows from and adopts the most common method of Web3 - first establishing a community, discussing new game mechanics with the community, and then creating a new game together.

Tether CEO: We have transformed from a stablecoin issuer to a financial ecosystem builder

Paul. CEO of Tether, the leading stablecoin issuer USDT. Paolo Ardoino said at the crypto industry event Token 2049 that Tether has expanded from a stablecoin issuer to a financial ecosystem builder and has spanned multiple development fields.

The market value of USDT issued by Tether has exceeded US$109 billion. It is the top 20 holder of US Treasury bonds and is a financially powerful enterprise. Ardogan shared that Tether has launched a new business structure, including four major departments: data (Data), finance (Finance), energy (Power) and education (Edu), and all business development of Tether is based on the past Based on the concept of centralization.

The final countdown to "Bitcoin Halving"! What changes have occurred in the market?

The biggest blockchain event held every four years, "bitcoin halving", is expected to occur around April 20 this year. The number of Google keyword searches for Bitcoin (BTC) in various countries has also reached a new high.

The Bitcoin halving event is expected to occur when the block height reaches 840,000. According to OKLink data, there are currently 121 blocks remaining and the block height reaches 839,879. The halving is expected to be completed within these two days.

After the halving, the block reward will also be halved from the current 6.25 Bitcoins to 3.125 Bitcoins.

Want to start buying cryptocurrencies, how do you choose what to buy?

Want to take the first step and start buying cryptocurrencies, but don’t know how to choose an asset?

In addition to the most commonly heard Bitcoin (BTC) and Ethereum (ETH), "Stablecoin" is also an option that novices can consider.

What is a stablecoin?

Stablecoin is a type of cryptocurrency. The value behind it is usually tied to a stable asset (such as legal currency or gold) to maintain its value stability. "USD stablecoin" is the most common category, and the value behind it is tied to legal currency (such as fiat currency). Linked to "stable" reserve assets such as the U.S. dollar) or gold, prices can be maintained at a relatively stable level.

Two games from Yuga Labs were acquired! Why did you choose to say goodbye to the game? What's the strategy behind it?

On April 18, game studio Faraway announced that it would acquire Yuga Labs’ two major game IPs, "HV-MTL" and "Legends of the Mara", and would introduce a new points system for both. This move triggered controversy and doubts in the community. Why did Yuga Labs choose to divest some gaming products? Why did Faraway become the acquirer, and can it help the game regain market attention?

After more than a year of negotiations, Yuga Labs formally reached a consensus on the acquisition idea proposed by Faraway and successfully acquired HV-MTL, Sewer Passes, Otherside Vessels, Otherside Maras, Otherside Kodamaras, Otherside Ship parts, Otherside Catalyst and Otherside Partner Loot. These games Partner will support cross-game interaction within the Faraway Network.