Wu said that according to 21 Shares analyst Tom Wan, Friendtech had a net inflow of 1,300 ETH on April 8, the highest net inflow since September 29, 2023; at the same time, trading volume increased to US$7 million, far exceeding the average trading volume since the beginning of the year (US$1 million); TVL recovered to US$42 million. The platform has generated more than US$61 million in revenue since its inception.

Wu said that HashKey Group announced that it will soon launch the Ethereum Layer2 network HashKey Chain, which uses ZK-proof (zero-knowledge proof) technology to provide users with low-cost, efficient and developer-friendly on-chain solutions. HashKey Chain will also incentivize ecosystem contributors through the HashKey platform currency HSK.

EIP Fun Weekly: This week’s new EIP content includes, EIP-7666: Convert identity precompilation to EVM mode, remove identity precompilation at 0x04, and put a small piece of EVM code with the same function into the contract; ERC-7652: EIP-721 margin extension, introducing the function of establishing the guarantor role in EIP-721; EIP-7668: Remove bloom filters, ensure that bloom filters in execution blocks, at the top level and within receipt objects, must be empty.

Richard Teng, CEO of Binance, said at the Paris Blockchain Week that the exchange is "consulting with several jurisdictions" to consider where to locate its headquarters. Previously, Binance had said it was considering a dual headquarters mechanism in Dubai and Paris. (TheBlock)

MakerDAO has raised its debt ceiling to $1 billion for distributing Dai on the USDe and sUSDe markets through Morpho. Previously, it planned to distribute a total of $600 million in Dai to these markets. (TheBlock)

According to Coinglass data on April 9, the top three centralized trading platforms in terms of Bitcoin 24-hour contract trading volume were Binance, Bitget, and OKX. Binance BTC 24-hour trading volume was $27.638 billion, Bitget was $15.483 billion, and OKX was $12.591 billion. In terms of Ethereum contract trading volume, Binance 24-hour contract trading volume was $13.62 billion, OKX was $9.32 billion, and Bitget was $6.594 billion.

Sandy, global business development director of Deepcoin Labs, an investment institution of Deepcoin, said at the Web3 Carnival that key areas of focus include real estate tokenization, data availability layer, re-pledge protocol, DePIN network, RWA (real world asset) tokenization, artificial intelligence, etc. Deepcoin Labs was previously approved by Dubai DMCC license and established a $100 million fund.

Wu said that according to News 1, an official from the South Korean financial authorities said in a telephone interview today regarding the recent "NFP incident" on the Coinone exchange: "If there is a situation where tokens are obtained through illegal means and improper transactions are carried out, the relevant parties will become the subject of (the authorities') investigation. He also said: "We can also study whether it is possible to file a lawsuit for fraud or theft before the implementation of the User Protection Act." The NFP token incident occurred on March 28, when a South Korean investor purchased stolen assets from hackers through over-the-counter transactions and then transferred a large amount of funds to Coinone. Coinone did not prevent deposits and withdrawals, causing the token price on Coinone to fall 70% from the global average price.

Wu said that he learned that STFIL Protocol, the second largest DeFi protocol on Filecoin, tweeted that the core technical team is under investigation by the local Chinese police. It is understood that they have hired lawyers to understand the current situation and provide legal assistance to the detained individuals. In addition, last week, when the core technical team was detained, FIL on the STFIL platform was transferred to an unknown external address. At the same time, in the past few days, the protocol has experienced abnormal and unplanned upgrades, and funds have been transferred to other addresses. The team is actively seeking help and hopes that the community can help track this unknown address and discuss how to protect the interests of stakeholders.

Wu said that Andre Cronje, director of the Fantom Foundation, published an article to explain the framework of the community meme coin he designed. The token distribution plan is as follows: up to 10% of the tokens will be allocated for marketing-related expenses; 5% of the tokens will be used to support team expenses. The remaining 85% of the tokens will be placed in the FTM/token LP in the foundation's multi-signature. Any Fantom-based AMM can be nominated as an LP. The token will have no minting or ownership functions.

Wu said that according to Bloomberg, the U.S. Treasury Department is asking politicians to give it more law enforcement powers to crack down on foreign institutions that provide encryption services as part of its goal of protecting national security. In written testimony before a Senate hearing on Tuesday, U.S. Treasury Undersecretary Adewale O. Adeyemo said that more and more people are looking for ways to hide their identities and transfer resources with virtual currencies. Adeyem is seeking lawmaker approval for a secondary sanctions tool for foreign digital asset providers to combat illicit financing activities. The Treasury Department also hopes to explicitly expand its coverage to cover major digital asset players such as cryptocurrency exchanges. It also requires authorized agencies to hold overseas cryptocurrency platforms accountable when they use the national financial system to harm U.S. national security.

Wu said that Shenyu, co-founder of Cobo and F2pool, said at the Web3 Carnival that he would strongly support the development of the Bitcoin ecosystem and hoped that Bitcoin would be compatible with more innovations without affecting the security of the existing main network. Shenyu said that the prediction that the price of Bitcoin will reach 1.5 million US dollars in 2030 is still conservative. Bitcoin will usher in an explosion of large-scale applications in one or two cycles, and there will be several times the space by then. The core players involved are large financial institutions.

Wu said that UniSat has issued a statement saying that as one of the active implementers and maintainers of the BRC-20 standard, UniSat has been working with domo and bestinslot and has submitted the BRC20-swap related proposal IP2. UniSat plans to release all source code implementations of BRC20-swap, making the source code of BRC20-swap a public product. In order to prepare for the upcoming release of source code, the coordination of indexers, and the functional delivery itself, starting today, the BRC20-swap service on UniSat will be suspended until the proposal is finalized. Development activities on the test network will proceed as usual.

Wu said that according to the official announcement, Binance Futures will launch LTCUSDC and NEARUSDC perpetual contracts at 15:00 (ET on April 11, 2024) and 15:15 (ET on April 11, 2024), respectively, with maximum leverage of 75 times and 50 times, respectively.

Wu said that he learned that Arthur Hayes' latest blog post stated that he personally believes that the price of Bitcoin and cryptocurrencies in general will plummet around the halving. Given that the halving occurs at a time when US dollar liquidity is tighter than usual, this will add momentum to the frenzied selling of crypto assets, but after May 1, the pace of QT slowed down and returned to the regular plan: asset inflation initiated by the financial shenanigans of the Federal Reserve and the US Treasury.