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Updated April 22, 2024

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According to Foresight News, the first quarter of 2024 saw a record high in NFT lending volume, reaching $2.13 billion, a 43.6% increase from the previous quarter. The monthly NFT lending volume in January reached $900 million, surpassing the previous high of $850 million set in June 2023.

Blend, an NFT lending platform under Blur, dominated the NFT lending market with a 92.9% share. The platform's NFT loan volume for Q1 2024 increased by 49.2% quarter-on-quarter, reaching $2.02 billion. The lending volume for March stood at $562.33 million.

According to PANews, Memeland, an NFT project, has announced on platform X that 1,000,000 red envelopes containing RuneCoins will be available for eligible Stakeland users. Each red envelope will contain 420 RuneCoins. Users have the option to decide how many steaks they want to destroy, with the maximum being 80% of the total steaks at the snapshot time on April 24, 2024. The default destruction rate is set at 69%.

The percentage of steaks a user destroys compared to everyone else will determine their share from the 1,000,000 red envelopes. The number of steaks needed to earn a red envelope will be determined after the destruction period ends, based on each individual's decision. If a user's allocation is less than one red envelope, they will not receive any red envelopes and their steaks will be returned for use in the next event. The destruction period will end at 1 PM on April 26.

In previous news, Memeland announced that the first project on Stakeland would be RuneCoin.

According to Foresight News, court documents reveal that another individual involved with OneCoin, William Morro, has been arrested. He was involved in a scheme related to the sourcing of funds for OneCoin and misrepresented these funds' origins to banks. Morro participated in transferring about $35 million related to OneCoin to Hong Kong accounts and approximately $6 million to U.S. accounts.

In previous news from Foresight, the U.S. Attorney's Office for the Southern District of New York announced that OneCoin co-founder Karl Sebastian Greenwood was sentenced to 20 years in prison for his actions. Greenwood, 46, holds dual citizenship in Sweden and the UK. In addition to his prison sentence, he was ordered to forfeit approximately $300 million.

According to BlockBeats, the total market value of stablecoins has seen a significant increase over the past month. As per the data provided by DeFiLllama, the market value has grown by 6.45%, currently standing at $157.96 billion. This is a substantial increase from the $148.39 billion recorded a month ago on March 25th. This growth indicates a rising interest and trust in stablecoins, which are digital currencies pegged to a stable asset, such as gold or a fiat currency like the US dollar. The increase in market value suggests that more investors are turning to stablecoins as a safe haven amidst the volatile crypto market.

According to PANews, Apple's research team has introduced an advanced open language model, OpenELM. This model uses a hierarchical scaling strategy to effectively distribute parameters in each layer of the transformer model, thereby improving accuracy. For instance, with a parameter budget of about 1 billion, OpenELM's accuracy has increased by 2.36% compared to OLMo, while the required pre-training tokens have been reduced by half.

Unlike previous practices that only provided model weights, inference code, and pre-training on private datasets, OpenELM includes a complete framework for training and evaluating language models on publicly available datasets. This includes training logs, multiple checkpoints, and pre-training configurations. In addition, they have also released the code to convert the model into the MLX library, allowing for inference and fine-tuning on Apple devices.

Earlier in February, Apple CEO Tim Cook stated that Apple's generative AI feature would be launched 'later this year'. There are rumors that the upcoming release of iOS 18 in June could be the 'biggest' update in the history of Apple's iOS, and the first AI iPhone device is also expected to be launched in September.

According to PANews, a spokesperson for BlackRock has confirmed that the company did not directly participate in the decision by Archax and Ownera to tokenize BlackRock's ICS Treasury Fund on Hedera. The spokesperson further clarified that BlackRock has no business relationship with Hedera and has not chosen Hedera Hashgraph to tokenize any BlackRock funds.

The market data shows that the price of the HBAR token has fallen to $0.1182, a 24-hour drop of 29.73%.

Previously, a misunderstanding was caused by an announcement from the HBAR Foundation about the 'tokenization of BlackRock funds'. It was widely misunderstood that BlackRock was involved in the development of Hedera, which the company has now clarified is not the case.

According to BlockBeats, Messari released the Q4 2023 and Q1 2024 report for Sui, revealing significant growth in various aspects of the platform. The daily DEX trading volume of Sui has seen a massive increase of 3,689% over the past two quarters, reaching $78 million. Cetus and DeepBook lead the pack with daily DEX trading volumes of $37 million and $26 million respectively.

Projects primarily built on Sui raised $11.3 million in the first quarter of 2024, a 31% increase compared to the total amount raised by Sui projects in 2023. The projects that raised funds in the first quarter include Talofa Games, Scallop, NAVI, Cetus, and Karrier One.

Towards the end of March, Mysten Labs launched Pilotfish, a new execution extension solution that allows for the distribution of execution work across multiple machines for a single validator.

Sui's DeFi TVL (Total Value Locked) has also seen a significant increase of 1,459% over the past two quarters, reaching $786.6 million. This growth was driven by incentive programs, with several top protocols including NAVI, Scallop, and DeepBook launching or announcing tokens in the first quarter of 2024.

During the on-chain gaming task Quest 3, the average daily active addresses for Sui were 151,000, peaking at 453,000. Excluding this period, the average daily active addresses for Sui over the past two quarters were 24,000.

According to Foresight News, The Arena, a social protocol of Avalanche, has announced the launch of its V2 Beta version. This new version aims to address some product issues that have been hindering wider adoption of the platform. The official statement also mentioned the introduction of a series of new features to continue improving the product and adding new creator tools, thus achieving higher profitability.

According to Foresight News, Google Cloud has announced the launch of its Web3 portal. This new platform will allow developers to conduct experiments on the testnet and explore blockchain datasets and development tools from Google Cloud and its partners. The Web3 portal is expected to provide a comprehensive platform for developers interested in blockchain technology and its applications. The announcement did not provide further details about the specific tools or datasets that will be available on the portal. However, it is anticipated that the portal will provide a wide range of resources for developers to experiment with and learn about blockchain technology. The launch of the Web3 portal by Google Cloud signifies the company's increasing interest in blockchain technology and its potential applications.

According to PANews, the price of the EOS token experienced a surge in the early hours of April 25th, reaching $0.9653. It has since fallen back to $0.9391, but still shows a 24-hour increase of 11.23%.

Earlier in the day, a new economic proposal for EOS tokens was announced. The proposal aims to curb inflation by maintaining a fixed token supply of 2.1 billion and destroying 80% of the total future supply.

According to Foresight News, owners of the Bored Ape Yacht Club (BAYC) NFT series can now download 3D avatars from their personal profiles on the official website. The Bored Ape Yacht Club is a popular NFT series, and this new feature allows owners to further personalize their digital assets. This move is seen as a way to enhance the user experience and provide more value to the owners of these digital assets. The 3D avatars can be used in various digital platforms, further extending the usability of the Bored Ape Yacht Club NFTs.

According to Foresight News, the Sei Foundation has released an open letter to founders and pre-builders, announcing the launch of the Sei Accelerator Program. The program aims to provide necessary resources and guidance to enhance some founder projects, and applications are now open.

Successful applicants will receive three months of financial support and will work with foundation members and industry experts to develop a Minimum Viable Product (MVP). Participants will have the opportunity to showcase their projects and ideas to the community and industry leaders on an online demo day.

In addition, the foundation will provide mentors to support project planning, technical feasibility, brand promotion, and market marketing. It will also facilitate quick meetings and collaborations with other teams based on Sei. The initiative is part of the foundation's commitment to fostering innovation and supporting entrepreneurs in their journey to bring their ideas to life.

According to Foresight News, Inspect, a Web3 social data protocol, has announced the launch of its beta version of Twitter NFT search. This new feature allows users to select the blockchain where the NFT is located and track specific NFT content appearing on Twitter, either in personal profiles or tweets.

According to PANews, Mocaverse, a Web3 project under Animoca Brands, has announced the launch of its community sale on the X platform. The sale began on April 25 at 8 a.m. and will run until May 2 at 8 a.m. The results of the sale will be announced on May 7.

A total of 126,984,127 MOCA tokens are available for sale at a price of $0.03938 each. The minimum purchase threshold is set at $100, with the sale accepting USDT and USDC. The project aims to raise $5 million through this sale. Of the total tokens, 5% will be unlocked at the Token Generation Event (TGE), while the remaining tokens will be locked for three months and then linearly released over a period of 52 weeks.

According to Foresight News, a survey conducted by KPMG, a multinational professional services network, has revealed that the exposure of Canadian institutional investors to cryptocurrency is set to increase significantly by 2023. Nearly 40% of the institutional investors surveyed reported that they will have direct or indirect exposure to crypto assets in 2023, a rise from the 31% recorded in their 2021 study.

Furthermore, a third of institutional investors have allocated 10% or more of their investment portfolios to crypto assets. This proportion was only a fifth two years ago. The findings indicate a growing interest and confidence in digital assets among institutional investors in Canada, suggesting a potential shift in investment strategies towards more diverse and digital portfolios.

According to PANews, the European Parliament has passed new regulations, officially requiring cryptocurrency companies to conduct due diligence to combat money laundering. The Parliament voted on Wednesday to pass a series of laws that will partly strengthen 'due diligence measures and checks on customer identity,' including so-called crypto asset management companies. They will also have to report suspicious activities to the authorities. The new law will affect crypto asset service providers (CASPs), such as centralized crypto exchanges, and many other institutions, including gambling services.

Patrick Hansen, EU Strategy and Policy Director at Circle, stated in a post on X that the voting result was expected. 'The bill will now also officially be approved by the EU Council and will take effect three years later,' Hansen wrote on the X platform. Last month, Hansen refuted rumors that the new law would ban anonymous crypto wallets and self-payment methods. He stated that the new law would apply to CASPs already regulated under MiCA (Crypto Asset Market Regulation), which need to follow standard KYC/AML procedures, such as customer due diligence (CDD). This is not something new, as all EU cryptocurrency exchanges and custodial wallet providers have already complied with these obligations under the current AMLD5 regulations.

Hansen stated that overall, the final version is a 'great achievement' for the crypto industry. The previous version of the proposed AMLR suggested a stricter approach, which meant carrying out KYC on self-custody initiators/beneficiaries, but due to the industry's efforts, it was finally agreed to adopt a risk-based approach and various options.

According to BlockBeats, Morgan Stanley is reportedly planning to introduce a Bitcoin ETF to its clients through its 15,000 brokers. This information was revealed by insiders and reported by AdvisorHub on April 25. Since receiving regulatory approval in January, Morgan Stanley has been offering a Bitcoin ETF, but it has not been actively promoted. Clients still had to consult their advisors about investing in it.

This situation is expected to change, as insiders claim that Morgan Stanley plans to introduce the Bitcoin ETF to every client in a controlled manner. This move by Morgan Stanley is seen as a significant step in bringing cryptocurrency further into the mainstream financial world. However, the details of how this will be implemented are yet to be disclosed.

According to PANews, blockchain game developer InfiniGods has successfully raised $8 million in a Series A funding round. The funding was exclusively invested by Pantera Capital. This follows a seed funding round in 2022 where InfiniGods raised $9 million, led by Pantera Capital with participation from Framework Ventures, Jefferson Capital, Animoca Brands, and Double Peak.

InfiniGods is known for creating web and mobile games that incorporate elements of mythology. The gameplay includes puzzles, strategy, and city-building. Co-founder of InfiniGods, Owen O'Donoghue, has an impressive background with 11 years of experience at Meta. During his tenure, he assisted in the development of Meta's gaming department and helped game developers in launching, monetizing, and expanding their games.

According to PANews, the trading volume data for Bitcoin spot ETFs on April 24th has been released by HODL15Capital. The data shows that BlackRock's IBIT had a trading volume of $1.17 billion, Grayscale's GBTC had a trading volume of $523 million, Fidelity's FBTC had a trading volume of $486 million, ProShares' BITO had a trading volume of $275 million, ARKB had a trading volume of $173 million, and BITB had a trading volume of $101 million.

This data provides a snapshot of the trading activity in the Bitcoin spot ETF market for that day. It is important to note that these figures can fluctuate significantly from day to day, depending on a variety of factors including market conditions and investor sentiment.

The Bitcoin spot ETF market is a relatively new and rapidly evolving sector of the cryptocurrency market. These ETFs provide a way for investors to gain exposure to Bitcoin without having to buy and hold the cryptocurrency directly. They are traded on traditional stock exchanges, making them accessible to a wide range of investors.