4.28 Important Industry Dynamics

1. Mainstream Exchange Dynamics:

- None

2. Mainstream Project & Hot Event Dynamics:

- Bitlight Labs, the developer of RGB protocol infrastructure, announced the launch of Bitlight Wallet, the first Bitcoin wallet that supports RGB20 assets.

- The zkSync ecological lending platform xBank Finance is suspected to be RUG, the protocol TVL is close to zero, and the project's official Twitter account has been frozen.

- The Depository Trust and Clearing Corporation (DTCC) recently announced that from April 30, it will no longer provide any collateral value for any ETF or other investment tool that includes Bitcoin or other cryptocurrencies as underlying investment targets, and the relevant assets will be considered 100% written down, which means that market makers need to provide more margin.

- Farside Investors data shows that BlackRock IBIT recorded 0 net inflows/outflows again yesterday, which has occurred for 3 consecutive days.

- Scroll posted on social media that its mainnet will be upgraded to Bernoulli at 10:00 on April 29.
- The spot Ethereum ETF "FRANKLIN ETHEREUM TR ETHEREUM ETF" (code EZET) launched by asset management company Franklin Templeton has been listed on the DTCC (US Securities Central Depository and Clearing Corporation) website.
- Renzo officials posted on social media that its first quarter ezPoints points airdrop will be launched at 19:00 Beijing time on April 30, which is 1 hour before the launch on Binance.

3. Financing information dynamics:
- Scroll ecological project PenPad announced that it has obtained investment from well-known crypto investment institution Animoca Brands.
- Quantix Capital promised to invest $10 million in NFA Labs to develop its ecosystem.

4. Regulatory information dynamics:
- The U.S. Department of Justice rejected Tornado Cash co-founder Roman Storm's motion to dismiss criminal charges against him on Friday, saying that the documents submitted by the defendant raised controversial facts that the jury should weigh.

4.26 Important Industry Dynamics

1. Mainstream Exchange Dynamics:
● Binance Megadrop has officially launched BounceBit at 8:00 today. Users can apply for BNB regular products on the Binance Megadrop platform and/or complete tasks in the Binance Web3 wallet to obtain BounceBit airdrop rewards.
● OKX Jumpstart will launch a new project MSN (Meson Network), and the mining activity will start at 14:00 on April 26, Beijing time, and will last for 2 days.

2. Mainstream Project & Hot Event Dynamics:
● Ethereum infrastructure development company Consensys sued the US SEC, accusing it of "illegal power grab" over Ethereum.
● On April 26, according to TechCrunch, payment giant Stripe will resume accepting cryptocurrency payments after 6 years. The company announced on Thursday that it will allow customers to accept cryptocurrency payments, first supporting USDC stablecoins, which will only be used on Solana, Ethereum and Polygon.
● Web3 gaming platform Immutable said it will launch a $50 million game "reward program".
● The U.S. SEC has delayed its decision on the listing and trading of Bitcoin spot ETF options until May 29.

3. Financing information dynamics:
● According to Bloomberg, citing people familiar with the matter, venture capital firm Pantera Capital plans to raise more than $1 billion for the new cryptocurrency fund Pantera Fund V, which will provide investors with exposure to blockchain assets.
● According to Decrypt, the on-chain cultural and creative platform Spotlight announced the completion of a $2 million Pre-Seed round of financing, led by Folius Ventures,
● CARV completed a $10 million Series A financing, led by Tribe Capital and IOSG Ventures.
● Animoca Brands-backed chess strategy game Anichess has completed a $1.8 million financing round, led by Sfermion and Amber Group, with participation from Fenbushi Capital, Aspen Digital, SNZ Capital, etc. The new funds will be used to fund game development, marketing activities and team expansion.
● According to official news, Aligned Layer, a decentralized zero-knowledge proof verification layer for Ethereum developed based on EigenLayer, announced the completion of a $20 million Series A financing round, led by Hack VC, with participation from dao5, L2IV, Nomad Capital, etc.

4. Regulatory information dynamics:
● British law enforcement agencies can confiscate crime-related crypto assets without conviction from now on.

GM20240425

1) Market trend:
The market fell sharply, and the copycat fell across the board.
The US stock market fluctuated, and the financial report was weak.

2) Market hot spots:
1. The exchange rate of platform currency BNBBTC broke through the monthly line. CZ's US sentence at the end of April continued to ferment. There is a small probability that once CZ is sentenced to a light sentence, BNB may retaliate and pull the market.
2. Fan coins Porto and Lazio rose. Football fan coins like to pull the market when the market falls.
3. Rune dog airdrop rose. Rune stone airdropped dog runes to holders, with a market value of 350 million US dollars, and a large short-term trading volume.
4. AI's io.net is going to issue an airdrop, and the whales score predicts a market value of 4 billion US dollars. io is a decentralized AI computing power. The same track RNDR has a market value of 5 billion US dollars and AKT has a market value of 2 billion US dollars.

4.25 Important Industry Dynamics

1. Dynamics of mainstream exchanges:
- Binance will delist ALPINE/BTC, FRONT/TUSD, HARD/BTC, RUNE/TUSD, SSV/TUSD, WIN/BRL trading pairs at 11:00 Beijing time on April 26.

2. Dynamics of mainstream projects & hot events:
- Renzo said on its social platform that after listening to the opinions of the community, it decided to update the token allocation ratio. Among them, the airdrop allocation ratio was increased to 12% of the total token amount, and the total supply in the first quarter increased from 5% to 7% (the additional 2% was borne by liquidity and the foundation), and the allocation in the second quarter remained at 5% of the total supply.
- According to Farside Investors data, Grayscale GBTC had a net outflow of US$130.4 million yesterday.
- Chainlink announced that its cross-chain interoperability protocol (CCIP) has officially entered the general availability (GA) stage.
- The official Discord of Merlin Chain is suspected to have been attacked, and a management account posted a notification with a phishing link.
- Jupiter posted that it has successfully reallocated airdrops to more than 1,000 addresses for community members whose wallets had been hacked and therefore missed the airdrop. Jupiter manually reviewed more than 10,000 appeals.
- Bitcoin payment app Strike has launched its long-awaited service to European customers, enabling eligible individuals and businesses in the region to buy, sell, send and withdraw Bitcoin and make local currency payments.

3. Financing information dynamics:
- Chain game studio InfiniGods completed an $8 million Series A financing round, which was exclusively invested by Pantera Capital. The financing will be used to develop its mobile game King Of Destiny.
- Tevaera, a chain game ecosystem based on ZK Stack, completed a $5 million financing, led by Laser Digital, a digital asset subsidiary of Nomura Securities.
- Blockchain gaming platform Puffverse completed a $3 million financing round led by Animoca Brands, with participation from Arcane Group, Spartan Group, Foresight Ventures, HashKey Capital, Sky Mavis and Xu Family Office.

4. Regulatory information dynamics:
- In a sentencing memo filed by U.S. Department of Justice lawyers on Tuesday evening, it was stated that CZ should be sentenced to 36 months in prison and pay a $50 million fine after pleading guilty to violating the Bank Secrecy Act in November last year.

GM20240425

1) Market trend:
The market fell sharply, and the copycat fell across the board.
The US stock market fluctuated, and the financial report was weak.

2) Market hot spots:
1. The exchange rate of platform currency BNBBTC broke through the monthly line. CZ's US sentence at the end of April continued to ferment. There is a small probability that once CZ is sentenced to a light sentence, BNB may retaliate and pull the market.
2. Fan coins Porto and Lazio rose. Football fan coins like to pull the market when the market falls.
3. Rune dog airdrop rose. Rune stone airdropped dog runes to holders, with a market value of 350 million US dollars, and a large short-term trading volume.
4. AI's io.net is going to issue an airdrop, and the whales score predicts a market value of 4 billion US dollars. io is a decentralized AI computing power. The same track RNDR has a market value of 5 billion US dollars and AKT has a market value of 2 billion US dollars.

4.24 Important Industry Dynamics

1. Mainstream Exchange Dynamics:
● Binance will launch spot copy trading function in May;
● Bitget PoolX will launch mining project Playbux (PBUX), staking BGB and USDT to obtain mining income every hour;
● Huobi HTX has launched the 24th new coin mining, and users who lock HTX can share 300,000 RTF rewards;

2. Mainstream Project & Hot Event Dynamics:
● The US SEC extends the review of Franklin Ethereum Spot ETF;
● Stacks has started Nakamoto upgrade at block height 840360 and will be fully activated in May;
● Ledger Live will provide instant processing services for cryptocurrency purchases through MoonPay;
● LayerZero: TGE is approaching, and applications should register contract information in LayerZero Scan;
● PayPal and EnergyWeb cooperate to develop a clean energy verification platform to reward Bitcoin miners for using low-carbon energy for mining;
● Venezuela's state-owned oil company PDVSA plans to increase the use of cryptocurrencies such as USDT in crude oil exports; Tether will freeze addresses related to sanctioned entities in Venezuela;
● MAP Protocol has reached a strategic cooperation with Oriental Asset Management (Hong Kong) to provide traditional financial institutions with research and development support for digital assets and RWA products;
● ZeroLend hinted that it will launch the token ZERO on April 29;
● Brazilian digital bank Nubank supports Bitcoin, Ethereum and Solana deposits and withdrawals;

3. Financing information dynamics:
● Crypto gamification layer project Uncharted completed a $1.7 million seed round of financing, led by Shima Capital;
● Wallet developer Turnkey completed a $15 million financing, led by Lightspeed Faction and others;
● Decentralized AI development platform Prime Intellect completed a $5.5 million seed round of financing, led by CoinFund and others;

4. Regulatory information dynamics:
● The US SEC asked the court to order Terraform Labs and Do Kwon to pay more than $5.2 billion;
● Ripple has objected to the US SEC's motion to impose a $2 billion fine;
● Thai Prime Minister: The Cabinet has approved the digital wallet policy framework in principle;
● The Philippine Securities and Exchange Commission asked Google and Apple to remove the Binance app from the Philippine App Store;

GM20240424

1) Market trend:
BTC fluctuated, meme led the rise.
US stocks rebounded, and the low-expectation manufacturing data boosted the probability of interest rate cuts.

2) Market hot spots:
1. Meme's bonk, pepe, floki, etc. rose sharply. Meme is the direction with the least resistance to market rise, and there is no huge selling pressure from VC.
2. AI's AKT rose sharply. AKT and BigTime were listed on the Korean exchange Upbit at the same time. AKT is the AI ​​computing power of the Cosmos ecosystem.
3. The game's BNX rose sharply. The market rumored that it would release a new game and make runes.
4. BN will be listed on Rez, and Renzo is ETH re-pledged. Ethfi in the same track has a market value of 4 billion US dollars.

GM20240423

1) Market trend:
The market is rising, and ETH-based meme and LSD are leading the rise. The contract rates of BTC and ETH are both negative. The market sentiment is too pessimistic, and there may be a turning point.
The US stock market rebounded after 6 consecutive declines, and the performance of the US stock market in the earnings season was poor.

2) Market hot spots:
1. Meme coins such as Pepe, Mog, and Foxy have risen sharply. These are all memes from the ETH system. Pepe was the engine of the last round of meme market, and this round started first.
2. Liquidity pledged pendle, ankr, ssv, etc. have risen sharply. The ETHBTC exchange rate shows signs of stabilization.
3. A hundred-fold golden dog appeared on SOL. The meme coin Maneki is a Japanese lucky cat. It was preheated before and rose nearly 300 times overnight. The market value is 100 million US dollars, and the liquidity pool is large, ranking in the top 5 of the SOL chain.
4. The BTC ecosystem has generally plummeted, and it has been exhausted after a burst of momentum. BTC rune leaders Runestone, PUPS, and BTC L2 Merlin have plummeted. BTC halving is over, and funds are turning to other hot spots.
5. OK, today I will list safe. Safe is a multi-signature wallet, and Vitalik uses it.

4.20-4.22 Important industry dynamics

1. Mainstream exchange dynamics:
● OKX Web3 wallet Runes market is now open;

2. Mainstream project & hot event dynamics:
● Bitcoin has completed its fourth halving at block height 840000, and the block reward after halving is 3.125 BTC.
● The Runes protocol has been officially launched on the mainnet. Affected by Runes, Bitcoin network fees have surged.
● In the 7 days ending April 18, the circulation of USDC increased by 900 million.
● Injective: INJ 3.0 governance proposal has been launched, and it is planned to make major upgrades to token economics.
● TON: (1) Telegram Wallet released 5 updates, including support for users to transfer USDT to Telegram contacts for free; (2) Tether cooperated with the TON Foundation to support encrypted payments using the Telegram messaging service.
● friend.tech tweeted that the relevant audit has been completed and plans to launch version v2 on April 29.
● Jupiter's second round of LFG Launchpad voting has ended, and LST protocol Sanctum received 64% of the votes.
● ZKasino is suspected of defaulting on payments and fraud, deleting website payment information, causing users to be unable to withdraw funds, and transferring 10,000 ETH that users deposited for mining to a multi-signature address and then depositing it into Lido.
● Animoca Brands' Web3 project Mocaverse announced the details of the MOCA token sale, planning to raise $5 million in funds.

3. Financing information dynamics:
● Rune analysis infrastructure protocol SatScreener completed $500,000 in financing, led by Sora Ventures.
● Bitcoin NFT project INK received $10 million in financing, invested by CaesarEon.
● Solana ecological social platform Only1 completed $1.3 million in strategic financing, raising a total of $4.8 million. This round of financing was led by Newman Group.

4. Regulatory information updates:
● The U.S. Internal Revenue Service (IRS) released a draft tax form for reporting digital asset transactions, applicable to 2025 tax returns.

GM20240422

1) Market trend:
The market is weak and volatile. BTC completed its fourth halving, and copycat meme performed actively.
The US stock market plummeted, and Nvidia recorded its largest decline in 4 years.

2) Market hot spots:
1. Meme's bonk, pepe, floki, etc. rose. Bonk proposed a destruction proposal.
2. Inscriptions sats, rats, etc. rebounded, and the rune leader runestone collapsed, and the airdrop could not cover the decline. Competitive runes are generally under-expected. Runes allow project parties to pre-mine, which is not decentralized and fair enough, and fairness is the biggest advantage of meme.
3. AI's io.net released a points system, which is still in the internal test version and will be airdropped in the future.

6. The casting of runes will not be locked. If the GAS is low, the casting may fail. If it fails, the GAS will not be refunded, especially in the later stage of the casting progress. The competition is GAS. When the total amount of rune casting is fixed, whoever has a higher GAS and confirms the block first can successfully cast the rune.

7. The total amount of some runes may be large, or not many people pay attention to it, so there is no need to rush to cast. You can wait until the GAS on the chain is low to cast it, saving more costs.

8. The casting mechanism is very important, which is divided into [limited time but unlimited quantity] and [limited quantity but unlimited time]. Rune No. 0 is limited time but unlimited quantity, which lasts for 4 years, so there is no need to cast Rune No. 0 when the Rune Protocol is just launched. GAS is very low in 4 years, especially in the bear market, which is a good opportunity to cast Rune No. 0, so the cost of casting Rune No. 0 at different times may differ by 10 times.

9. Rune deployers can pre-mine, just like some rune projects are pre-mining rune coins. For specific projects, you can refer to the two rune ecological project collections released by the official account before. At the same time, pay attention to the project parties with a high proportion of reserved runes (rat warehouse)

10. Casting runes is buying coins. The market value of each rune can be estimated after deployment, so before casting, you must fully evaluate the background and market value to see if it is worth investing heavily. Runes with good background and low market value are more worthy of attention and participation.

Here are some tips for minting runes so you don’t lose money:

1. Bitcoin has slow block times, so a lot can happen between blocks. If a rune is about to be minted, you need to make sure to pay a much higher fee than everyone else to ensure your transaction gets squeezed in, because if not, you don’t get the rune and you still lose the fee. Remember, you are competing with everyone else to do the same thing, so network fees can spike in the last hour of a very popular mint. Think of the mempool as an auction, and the highest bidder’s transaction will be accepted first.

2. If you think something won’t be minted for a while, be smart and try to mint it when fees are low so there’s less rush. For example, in North America, fees tend to drop on weekends and late at night.

3. Before you mint, pay close attention to the minting mechanism. For example, the hard-coded rune Casey is making called UNCOMMON•GOODS is an open mint for four years. You’d have to be really stupid to mint it tomorrow, the day with the highest fees in Bitcoin’s history. Instead, you should wait until a bear market or when fees are very low and people are using Bitcoin very little. Otherwise, you’re just paying 10x the fees that everyone else is paying for the same amount of tokens because they were smart and waited for a bear market four years from now.

4. The person who minted the rune can premine themselves. Think of the premine as the amount that will be dumped on your head once the rune is minted. Anything over 10% premine is greed when all the person is doing is broadcasting a Bitcoin transaction. 5% is more reasonable. Even cooler, when you’re looking for tokens, just filter for “no premine”.

5. Think of minting Runes as buying them because that’s exactly what you’re doing, except you’re paying fees to secure the Bitcoin network for the creator. You should think of the market cap in your mind. If a Rune takes 100,000 mints to mint and the fee for a single mint is $100, ask yourself, would you buy this Rune on a DEX with a market cap of $10 million? Understanding this is very important and can help you make an informed decision.

4.19 Important Industry Dynamics

1. Mainstream Exchange Dynamics:
● Binance Web3 Wallet will airdrop a total of 1 million ZKL (zkLink Nova) to users.
● Binance launches new token issuance platform Megadrop, with BounceBit (BB) as the first project.
● Binance obtains a virtual asset service provider license in Dubai.
● OKX Web3 Wallet Cryptopedia 16th issue launches OverProtocol interactive tasks.

2. Mainstream Project & Hot Event Dynamics:
● Nibiru Chain launches $15 million developer funding program, of which $5 million will be dedicated to projects outside of Asia.
● Aptos Labs establishes a new partnership with Microsoft, Brevan Howard, SK Telecom and Boston Consulting Group to develop Aptos Ascend, a digital asset management platform for financial institutions.
● TON posted on social media that a major announcement is coming soon. The poster includes project logos such as Tether, AMM protocol STON.fi, staking protocol Tonstakers, and Fanzee Labs, a web studio that provides sports and entertainment game experience.
● According to the official page data, the Merlin Chain airdrop page has shown the number of tokens that can be collected, and the preliminary estimate is 68 points for 1 token.

3. Financing information dynamics:
● Blast ecosystem DEX project Thruster completed a $7.5 million seed round of financing with a valuation of $70 million. This round of financing was led by Pantera Capital, and OKX Ventures, Mirana Ventures, ParaFi Capital, Manifold Ventures and Arche Fund (formerly Coin98 Ventures) participated in the investment.
● Web3 game platform Circle of Games completed $1 million in equity financing, and this round of financing was participated by Nazara Technologies FZ LLC and The Hashgraph Association.
● Runes DEX completed a $2 million seed round of financing.
● MerlinStarter, the launchpad platform of Merlin Chain ecosystem, completed its seed round of financing. This round of financing was participated by Amber Group, Arkstream Capital, MoonHill Capital, Cogitent Ventures, Mapleblock, CGV and Sidedoor Ventures. The specific amount has not been disclosed.

4. Regulatory information dynamics:
● The Arkansas State Legislature passed two bills that may restrict cryptocurrency mining in the state. Although these bills have not yet become complete laws, they have laid the foundation for further discussion and formulation of potential legislation.

GM20240419

1) Market trend:
The market rebounded weakly, and ETFs had a net outflow for 4 consecutive days. BN converted 1 billion emergency funds into stablecoins.
The US stock market fluctuated. Fed officials made hawkish remarks again, and more and more people mentioned interest rate hikes.

2) Market hot spots:
1. BN is listed on Bouncebit, and BB is a BTC re-pledged public chain. In the future, it may be similar to ENA's futures arbitrage mining. BN will introduce a new way to megadrop in the future, deposit regular BNB, and complete various points tasks. BB is the first project.
2. Domestic coins ONT, ONG, NEO, GAS, and QTUM rose sharply. They are all old coins from 2 cycles ago. ONT set up a fund to develop DID.
3. The meme coins Brett and Degen of the base chain rose sharply. Funds continue to flow into the base chain.
4. Modular public chain Avail airdrop, focusing on data availability, competing products are TIA, Eigenlayer, etc. Avail airdrops to test network users, MAT pledgers, and other L2 active users.

4.18 Important Industry Dynamics

- Mainstream Exchange Dynamics:
- Crypto trading platform Kraken launches self-hosted wallet "Kraken Wallet".

- Mainstream Project & Hot Event Dynamics:
- Worldcoin will launch a new blockchain network World Chain later this year.
- ByteDance subsidiary BytePlus will work with Mysten Labs to apply its services such as recommendation solutions and augmented reality products to Sui.
- Animoca Brands said in its latest unaudited financial disclosure that it holds $558 million in digital assets on its balance sheet, including $291 million in cash and stablecoins.
- Bitcoin Layer 2 network BSquared Network said on social platforms that the mainnet has been launched.
- Bernstein analysts expect Bitcoin to resume its bullish trajectory after halving, reiterating the goal of reaching $150,000 by the end of 2025.
- Multi-chain liquidity staking platform Kelp DAO announced a special promotion for all deposit users, covering ETH, stETH and ETHx.
- BounceBit will take a snapshot of all early access to BounceBit Points Paradise at 00:00 UTC on April 20 (8:00 Beijing time).

- Financing information updates:
- Zeko Labs, the parent company of cross-chain zero-knowledge scaling protocol Zeko Protocol, completed a $3 million pre-seed round of financing, led by YBB Capital, UOB Venture Management and Signum Capital.
- Social investment platform Zignaly announced on Token2049 the launch of Layer1 blockchain ZIGChain based on Cosmos and the establishment of a $100 million ecosystem development fund.
- Ordinals manager Ord.io completed a $2 million pre-seed round of financing, led by Bitcoin Frontier Fund and Sora Ventures.
- Stablecoin startup Usual Labs completed a $7 million financing, led by IOSG and Kraken Ventures.

- Regulatory News:
- US Senators Kirsten Gillibrand and Cynthia Lummis have proposed a stablecoin bill. The bill would require stablecoin issuers to hold a one-to-one cash or cash equivalent reserve to back their tokens, prohibiting unbacked algorithmic stablecoins.

GM20240418

1) Market trend:
BTC plummeted, and spot ETFs had net outflows for three consecutive days. The exchange rate of cottage industry does not follow BTC.
US stocks plummeted, and technology stocks led the decline.

2) Market hot spots:
1. BN listed on Omni, and Omni plummeted by half. Omni is a chain abstraction that integrates the liquidity of L2. Zeta, which is on the same track, has a market value of US$2.5 billion.
2. OK listed on Merlin. Merlin is BTC's EVM L2, and 20% of the airdrop will be unlocked in the next six months. Longyi STX, which is on the same track, is US$4 billion, and CKB is US$1 billion.
3. NFT game GHST rose sharply, launched the base chain, and plans to do L3.
4. The public chain Sui rose, and cooperated with ByteDance.

4.17 Important Industry Dynamics

1. Dynamics of mainstream exchanges:
● Crypto card issuer Bit.Store cooperates with Binance Pay to launch a top-up promotion on Binance Square;
● Binance.US appoints former New York Fed compliance director Martin Grant to the board of directors;
● OKX Ethereum L2 network X Layer has launched the public mainnet;
● Bitget COO Vugar: Bitget plans to invest more resources in cultivating emerging talents in the next two years;
● HashKey Global announced that it has opened spot trading for multiple tokens and officially opened the coin listing application channel;

2. Dynamics of mainstream projects & hot events:
● Investment bank Canaccord: More companies may follow MicroStrategy's example and start buying Bitcoin;
● TON Foundation launches Meme coin and community token center Memelandia;
● SingularityNET: The proposal of the Artificial Super Intelligence Alliance has been voted through by AGIX token holders;
● BounceBit launches liquidity custody solution, supporting BTC, USDT, FDUSD, ETH;
● Safe Disclosure of token economic model: SAFE maximum supply is 1 billion, 5% allocated to users;
● io.net discloses token economic model: total supply is 800 million, 500 million are distributed for the first time and 50% are allocated to the community;
● Drift plans to airdrop 100 million DRIFT tokens, and 10% of the total tokens are allocated to users;

3. Financing information dynamics:
● Microsoft invests $1.5 billion in Abu Dhabi AI company G42;
● a16z raises $7.2 billion in new funds and will focus on areas such as cryptocurrency;
● LSD protocol Puffer completes $18 million Series A financing, led by Brevan Howard Digital and others;
● DePIN project Sending Network completes $7.5 million in financing and will launch the mainnet in the first quarter of next year;
● Arbitrum ecosystem DEX CVEX completes $7 million in financing, led by Fabric and Kyber;
● Avalanche real estate tokenization platform Homium completes $10 million Series A financing, led by Blizzard and others;

4. Regulatory information dynamics:
● The Reserve Bank of Fiji warns the public not to use cryptocurrencies for payment or investment;
● U.S. senators ask the chairman of the U.S. CFTC to explain his meeting and chat records with SBF;
● The Governor of the Central Bank of Russia: will speed up the formulation of a cryptocurrency payment bill to support international settlements;

GM20240417
1) Market trend:
The market is weak and volatile, and spot ETFs have net outflows for two consecutive days.
The US stock market is volatile, and the US dollar index hit a six-month high. Powell's hawkish speech further dampened expectations of interest rate cuts.
2) Market hot spots:
1. Modular TIA and Saga rose. The pledge rate of TIA reached 67%, and the next big unlocking will be in October, which may be hyped up half a year in advance.
2. Fan coins Santos, PSG, OG, etc. rose. The European Cup football match will be held, and Fan coins like to pull the market when the market falls.
3. Strong coins ENA, Pendle, and CKB make up for the decline. ENA project party shipped. Strong coins make up for the decline, indicating that the decline has entered the second half.
4. The BTC rune protocol will be launched on the halving block on the 19th. It is recommended to prepare your wallet in advance to play runes. Infrastructure such as bridge and dex appear on runes. The biggest difference between runes and inscriptions is that they attract more American funds.

4.16 Important Industry Dynamics

1. Dynamics of mainstream exchanges:
● German LBBW Bank plans to cooperate with Bitpanda to provide cryptocurrency custody services.
● OKX will launch MEW and WIF perpetual contracts.

2. Dynamics of mainstream projects & hot events:
● Parcl announced the detailed distribution plan of community PRCL tokens and opened airdrop application inquiries.
● Hyperliquid announced that it has distributed points to 11,500 closed alpha test users.
● Illuvium launched an ILV token airdrop totaling US$25 million.
● Bloomberg ETF analyst: The inflow scale of Hong Kong Bitcoin and Ethereum spot ETFs may be US$500 million.
● The largest ENA pledger withdrew 18.12 million ENA from Binance in the past 4 days and pledged all of them.
● LayerZero: weETH has adopted the OFT standard and will launch weETH on networks such as Blast, Optimism and Base.
● OKX Web3 has reached a cooperation with Slerf to send out Slerf NFT whitelist in a limited time and quantity.

3. Financing information dynamics:
● AI metaverse game AVALON completed $10 million in financing, led by BITKRAFT Ventures and HASHED.
● Solana on-chain AI model training platform NavyAI completed seed round financing, with X Ventures and others participating.
● AI platform Inference Labs completed $2.3 million in Pre-Seed round financing, led by Delphi Ventures and others.
● Aligned Layer completed $2.6 million in seed round financing, led by Lemniscap.

4. Regulatory information dynamics:
● Two US senators asked the CFTC chairman to submit records of transactions with SBF and intensify the investigation of FTX's bankruptcy.
● Crypto asset trading platform VALR obtained a South African regulatory license.
● The Hong Kong Securities and Futures Commission conditionally approved the Bitcoin and Ethereum spot ETFs jointly issued and managed by HashKey Capital and Bosera Fund.

GM20240416

1) Market trend:
The market continues to fall, less than 5 days away from halving.
The US stock market plummeted. March retail data exceeded expectations, and the market expected that the Fed would not rush to cut interest rates.

2) Market hot spots:
1. Fan coins JUV, CITY, BAR, PSG, etc. rose. The European Cup football match will be held.
2. Hong Kong concept ACH and PHB rose. Hong Kong passed BTC and ETH spot ETFs, but Bloomberg expects only $500 million to flow in.
3. The privacy protocol Railgun rose by 150%, and V God used Railgun and tweeted optimistically.
4. Among the altcoins, ton, ondo, and pendle performed relatively well. Ton and ondo were not listed on BN. Pendle added an ena pool.
5. OK will be listed on parcl. Parcl is the real estate index RWA on the sol chain, and there are airdrops for users.
6. Merlin of the BTC ecosystem stopped calculating points and plans to airdrop in the near future. CKB continued to launch new products, but the first RGB++ inscription seal plummeted. The previously strong rune ecological pups plummeted and were cut in half.