According to Foresight News, Microcosm Labs has launched the 'Move to TON' incubation fund program. The initiative aims to provide comprehensive support to project teams interested in entering the TON ecosystem. The support includes funding ranging from $5,000 to $50,000. In addition to financial assistance, the program also offers a wide range of incubation consulting services. These services encompass market marketing, business planning, and model design. The 'Move to TON' program is a significant step by Microcosm Labs to foster growth and innovation within the TON ecosystem.

According to PANews, Meme category tokens have experienced a substantial increase. The token MEW rose to $0.004826, marking a 24-hour increase of 27%. DOGE, another token, saw a rise to $0.1504, a 24-hour increase of 12.5%. PEPE also experienced a surge, reaching $0.000008722, a 24-hour increase of 11.8%. WIF rose to $3.33, marking a 24-hour increase of 19.2%. SHIB increased to $0.00002498, a 24-hour increase of 8.0%. BONK saw a rise to $0.00002846, a 24-hour increase of 9.6%. Lastly, FLOKI increased to $0.0001941, a 24-hour increase of 15.7%. These figures indicate a significant surge in the value of Meme category tokens, marking a positive trend in the cryptocurrency market.

On May 04, 2024, 04:47 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 63,000 USDT benchmark and is now trading at 63,090 USDT, with a 5.93% increase in 24 hours.

According to Foresight News, Aave has initiated a community proposal for its version 2 (v2) on Ethereum to abandon smaller stablecoins. The proposal includes the discontinuation of USDP, GUSD, LUSD, FRAX, and sUSD. The plan also suggests an increase in the annual interest rate for borrowers to encourage loan repayments. Additionally, a freeze is proposed to prevent new supplies and loans. This move is part of Aave's strategy to streamline its operations and focus on larger, more stable cryptocurrencies. The proposal is currently under community review, and the final decision will be based on the consensus of the Aave community. The proposed changes, if approved, could significantly impact the smaller stablecoin market on the Ethereum platform.

According to Foresight News, Plaid and Sign Protocol have teamed up to launch a blockchain-based open banking solution, Proofs.Money, which will be piloted on Base. This collaboration introduces the innovative concept of a 'unified financial identity' that allows blockchain users to generate unified financial reports and detailed information, which can be used in both on-chain and off-chain environments. This new solution aims to revolutionize the way financial transactions are conducted, providing a more secure and transparent platform for users.

According to PANews, market makers play a significant role in the cryptocurrency market, often causing substantial token fluctuations. By understanding their actions, traders can potentially increase their profits. Market makers are companies that enhance market liquidity and depth, primarily creating demand and supply. They hold a large number of tokens and can 'manipulate' the market to profit from price differences. There are generally two types of market makers: those who act as project advisors and traditional market makers. Both types yield the same result, but their tasks slightly differ. Market makers acting as project advisors assist in project launches, contributing to success in key areas such as robust token economics and TGE construction, successful token listings, and fundraising from institutional funds. Traditional market makers, on the other hand, do not participate in low market value projects and handle a range of tasks such as supporting market liquidity, narrowing supply-demand gaps, and promoting efficient trading. One of the most popular 'manipulation' methods is through partnerships. For instance, the recent collaboration between iMe Smart Platform and DWF Labs significantly increased the project's token price. The LIME token surged by 30% in the short term, which was also beneficial for the market makers themselves. Market makers' strategies depend on market sentiment and trends. During a bull market, their primary task is to trigger FOMO among crypto enthusiasts and get them to buy tokens. Most uninformed users become victims of this manipulation. In a bear market, the strategy changes completely. Their task is to instill fear in you, prompting you to sell your tokens and lock in their position profits. Market makers buy at this time, generating profits in the future. Three of the most influential market makers are Amber Group, DWF Labs, and GSR. Amber Group is a well-known market maker trusted by leading institutional individual investors and has a large, high-quality team. DWF Labs has integrated with over 60 leading exchanges, providing 24/7 service for the trading volume required by exchanges. GSR is a market maker with over ten years of experience, providing deep liquidity and personalized services for crypto projects.

According to Foresight News, the authorized supply of Tether (USDT) on the Ton blockchain has increased to $130 million. The data was revealed on Tether's transparency page. This development indicates a growing adoption of the stablecoin on the Ton platform.

According to PANews, after experiencing a decline for three consecutive quarters, cryptocurrency and blockchain startups have seen a significant increase in venture capital. In the first quarter of 2024, investors injected $2.49 billion in 603 transactions, an increase of 29% in funding and 68% in transaction volume compared to the previous quarter. The report suggests that several factors influenced the investment dynamics this quarter, including the launch of Bitcoin ETFs, re-pledging, modularization, and innovation in Bitcoin's second-layer solutions, as well as macroeconomic factors such as interest rates. Furthermore, 80% of the investment funds this quarter were allocated to early-stage startups. In contrast, later-stage companies faced more stringent conditions as many large integrated venture capital firms either left the industry or significantly reduced their investments. Investment activity within the industry was primarily in the infrastructure sector, accounting for 24% of the total funds raised this quarter, including EigenLayer's $100 million financing. Geographically, the United States continues to dominate the cryptocurrency venture capital field, with U.S. startups participating in 37.3% of all transactions and receiving 42.9% of the investment capital. Singapore followed closely, accounting for 10.8% of the total transactions, the United Kingdom accounted for 10.2%, Switzerland 3.5%, and Hong Kong 3.2%.

According to Foresight News, the founder of SlowMist, Yu Xun, has issued a warning about phishing attacks that target the first and last numbers of a digital wallet. He stated that hackers often use a 'net attack' strategy, playing a game of probability with those who fall for their tricks. To protect against such attacks, he suggested several measures. These include manually checking if the wallet address is correct during key steps and not just relying on the first and last numbers. He also advised ignoring wallet history records as they can be easily manipulated. In addition, he recommended risk control for transfers and transactions, especially for large amounts directed to a new target address or a certain transaction operation. For instance, if the target address is a strange contract, the wallet will issue a risk control reminder. Other preventive measures include a whitelist address mechanism and wallet address profiling capabilities. In a previous report by Foresight News, a whale address fell victim to a phishing attack that targeted addresses with the same first and last numbers. The attack resulted in a loss of 1,155 BTC, equivalent to over 71 million USD. The phishing team subsequently sold all 1,155 WBTC and converted them into 22,960 ETH, which is currently distributed across 10 wallet addresses.

According to BlockBeats, data from Farside Investors on May 4th revealed a net inflow of $35.6 million for Valkyrie's BRRR. Additionally, data from HODL15Capital showed a net inflow of $13 million for BlackRock's IBIT. This marks the first time in history that all US Bitcoin spot ETFs have reported a total net inflow, approximately $378 million. The breakdown of the inflows is as follows: BlackRock's IBIT reported a net inflow of $13 million, Fidelity's FBTC had a net inflow of $102 million, Bitwise's BITB reported a net inflow of $33.5 million, ARK's ARKB had a net inflow of $28.1 million, Invesco Galaxy's BTCO reported a net inflow of $33.2 million, Franklin's EZBC had a net inflow of $60.9 million, Valkyrie's BRRR reported a net inflow of $35.6 million, VanEck's HODL had a net inflow of $8.7 million, and WisdomTree's BTCW reported no net inflow. This historic total net inflow indicates a significant interest in Bitcoin spot ETFs among investors. The data provides a clear picture of the current market dynamics and the growing popularity of Bitcoin spot ETFs in the United States.

According to Foresight News, Blast has launched a new initiative called Blast Jackpot. This new feature provides a novel way for token and NFT holders to earn Gold points. All Blast token and NFT holders are eligible to share in a pool of one million Gold points. This move is seen as a way to incentivize participation and engagement within the Blast community.

According to Foresight News, Airstack, a provider of Web3 social data and APIs, has successfully raised $4 million in a seed funding round. The round was led by Red Beard Ventures, with participation from a host of other investors. These investors include SuperLayer, Polymorphic Capital, Superscrypt, Hashed Emergent, Delta Blockchain Fund, CSP DAO, NGC, Primal Capital, Kyber, and Resolute Ventures. The funding will be used to further develop Airstack's services and expand its reach in the market. Airstack is a key player in the Web3 social data and API sector, providing valuable services to its clients. The successful funding round indicates a strong vote of confidence in the company's potential and the growing interest in the Web3 social data and API market.

According to Foresight News, Arbitrum has approved a Long-Term Incentive Plan (LTIP) grant proposal, allocating two million ARB to Synthetix. The grant is intended to expand the scale of Synthetix V3 and Perps V3 on the Arbitrum platform and provide incentives for traders and stakers. The move is part of a broader strategy to enhance the functionality and reach of the platform, and to encourage more active participation from users. The allocation of ARB tokens will be used to stimulate growth and incentivize user engagement within the platform. The details of how the tokens will be distributed or the specific incentives they will provide have not been disclosed.

According to BlockBeats, Franklin Templeton's EZBC has achieved a historic high in net inflow. On May 4th, data from Farside Investors revealed that the net inflow for EZBC reached $60.9 million, setting a new record. This significant financial movement indicates a strong interest and confidence in EZBC from investors. The data provided by Farside Investors serves as a reliable indicator of the current market trends and investor behavior. It is important to note that the net inflow is the total amount of money being invested into a fund, minus any withdrawals made by investors. A high net inflow, such as the one recorded by EZBC, typically signifies a positive sentiment towards the fund. However, it is also crucial to consider other market factors and trends when interpreting these figures. This record-breaking net inflow for EZBC is a noteworthy event in the financial sector, reflecting the fund's strong performance and potential for future growth.

According to BlockBeats, Grayscale GBTC reported its first net inflow since its conversion to a spot ETF on May 4th. The net inflow recorded was $63 million. This significant financial movement marks a new phase for the Grayscale GBTC after its transition to a spot ETF. The conversion has evidently attracted new investments, as indicated by the substantial net inflow. This development could potentially influence the dynamics of the cryptocurrency market. However, the long-term impact of this change remains to be seen. The Grayscale GBTC's performance in the coming months will provide further insights into the effects of its conversion to a spot ETF.

According to Foresight News, recent data from Coinglass reveals that the total liquidation of cryptocurrencies across the globe in the past 24 hours has reached $169 million. Out of this, short orders accounted for $131 million, making up 77.5% of the total liquidation. The data further shows that Bitcoin and Ethereum were significantly affected, with liquidations amounting to $59.38 million and $42.35 million respectively.

On May 03, 2024, 20:50 PM(UTC). According to Binance Market Data, BNB has crossed the 590 USDT benchmark and is now trading at 590 USDT, with a 5.47% increase in 24 hours.

On May 03, 2024, 20:47 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 63,000 USDT benchmark and is now trading at 63,028.011719 USDT, with a 7.10% increase in 24 hours.

On May 03, 2024, 20:25 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,100 USDT benchmark and is now trading at 3,100.850098 USDT, with a 3.52% increase in 24 hours.

According to BlockBeats, MakerDAO is gearing up to introduce two new tokens, named NewStable and NewGovToken. NewStable (NST) is an upgraded version of Dai, designed for broader adoption and enhanced stability features. The official name will be announced through a brand reveal. NewGovToken (NGT) represents a refined approach to governance within the MakerDAO ecosystem. It aims to encourage wider participation and more dynamic decision-making. The final name will also be disclosed through a brand reveal. The process for token holders to transition is straightforward. For NewStable (NST), Dai holders can seamlessly upgrade to NewStable, enjoying the flexibility to revert to Dai at any time. For NewGovToken (NGT), each Maker token (MKR) can be exchanged for 24,000 NGT. This renaming is intended to encourage broader participation in governance activities. These additional features represent an expansion and will not replace the existing Dai (DAI) and Maker (MKR) tokens. Users have the option to transition to NewStable and NewGovToken.