Polkadot Proposal 706 is currently being voted on, proposing to reduce inflation based on a new algorithm and targeting a fixed supply of 2.1 billion DOT. As of now, there are more votes against the proposal.
#crypto2023A

UniSat stated on X platform that there is abnormal activity in the rune market and it is currently under emergency maintenance. The team is actively investigating and resolving the issue.
#crypto2023A

According to PeckShield monitoring, Hedgey Finance hacker (0xded...dda2) stole approximately $2 million worth of USDC and NOBL on Ethereum. They exchanged the stolen funds for approximately 635 ETH and laundered it through Tornado cash. In addition, they transferred 0.87 ETH to another Hedgey Finance hacker (0xc724...8c5b), who stole approximately $40 million worth of bonuses on Arbitrum.
#crypto2023A

According to DeFiLlama data, the 7-day trading volume of DEX on the Ethereum network was $12.42 billion, with a 7-day decrease of 16.87%. The 7-day trading volume of DEX on the Solana network was $8.423 billion, with a 7-day increase of 1.02%. The 7-day trading volume of DEX on the BSC network was $5.273 billion, with a 7-day decrease of 20.96%. The 7-day trading volume of DEX on the Arbitrum network was $3.735 billion, with a 7-day decrease of 26.56%. The 7-day trading volume of DEX on the Base network was $2.321 billion, with a 7-day decrease of 10.10%.
#crypto2023A

Celsius announced on X platform that they have notified the court regarding the data security incident reported by Celsius' claims agent, Stretto. According to court documents shared, on April 17th, 2024, Stretto discovered that some Celsius creditors' data held by Stretto was accessed by unauthorized users after a phishing attack. Stretto terminated all unauthorized access to affected accounts on the same day. Stretto has hired an independent computer forensics company to investigate the severity of this data security incident. The investigation is ongoing, but as of now, Stretto has identified that the accessed information includes creditors' names, email addresses, mailing addresses, and claim amounts.
#crypto2023A

BlackRock and iShares's $IBIT, currently the most-traded spot Bitcoin BTC
+0.81%
ETF by volume, is shaking up its board of directors, appointing Lindsey Haswell, Chief Legal and Administrative Officer at Web3 payment infrastructure company MoonPay. She will replace financier Kimun Lee, who will step down as of Nov. 6, 2024.
Prior to MoonPay, Haswell worked in the same role at Blockchain.com. Haswell was also a founding member of the Core blockchain and is a Core Dao contributor. Core is a Layer-1 blockchain that provides Ethereum Virtual Machine-compatible smart contracts secured in part by Bitcoin's proof-of-work consensus mechanism.

BlackRock's $IBIT is currently the second-largest spot Bitcoin ETF by assets under management, and the largest excluding Grayscale's GBTC.
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$IBIT is also the most-traded spot Bitcoin ETF, with its volume frequently eclipsing the sum of all other funds in recent weeks.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
#crypto2023A

On April 27th, io.net founder and CEO Ahmad Shadid tweeted that all device data has been restored and multiple security patches have been released to protect user device data through Okta Auth0 backend authorization. Additionally, all existing devices will need to be restarted to complete the update. Furthermore, when users reconnect their devices, the official will fix the issue of recording everyone's normal operating time during this event.
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The Taiwan authorities have brought new charges against David Pan, the founder of the cryptocurrency exchange ACE Exchange, and 31 other suspects for alleged money laundering and fraud. They have recommended at least 20 years of imprisonment for the four main suspects. Prosecutors estimate that over 1,200 people were scammed in this case, with an estimated amount of 800 million New Taiwan dollars ($24.56 million). (Taipei Times) Previously, on April 10th, Taiwan prosecutors had already charged David Pan, the founder of ACE Exchange, and six other suspects with money laundering and fraud, who were among the major trading platforms in Taiwan.
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As monitored by on-chain analyst Yu Jin, James Fickel is still bullish on the ETH/BTC exchange rate: one hour ago, he borrowed 40 BTC (worth $2.51 million) from Aave and sold it for 806 ETH. Since the beginning of January this year, he has borrowed a total of 2,301 WBTC (worth $145 million) from Aave and sold it for 41,944 ETH. The cost of the ETH/BTC exchange rate is about 0.055.
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BNY Mellon, the largest custodian bank in the world, has reportedly gained exposure to Bitcoin through a spot exchange-traded fund (ETF) from BlackRock and Grayscale. This move highlights the increasing interest in Bitcoin ETFs, which have gained approval in the United States and attracted significant capital inflows. BNY Mellon's involvement reflects the growing institutional interest in cryptocurrencies and traditional finance. It is yet to be seen whether other lenders will follow suit, and attention is focused on Bitcoin's next trajectory as it continues to consolidate trading below $BTC #crypto2023A

According to Lookonchain monitoring, 43 minutes ago, a certain whale transferred 1200 BTC, about $77.67 million, to Kraken.
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According to data from IntoTheBlock, Bitcoin's network has set a new record for daily transaction volume. Since the launch of the Runes project, Bitcoin's transactions have sharply increased, reaching 927,000 on Tuesday, breaking the previous record of 724,000 in December 2023.
#crypto2023A

According to on-chain analyst @ai_9684xtpa, Golden Finance reports that the second largest PENDLE holder has sold 1.2 million $PENDLE tokens worth $6.74 million🔔! This is the first time the whale has sold since holding for almost a year, with an expected profit of $6.45 million.The address bought 3.44 million PENDLE tokens at an average price of $0.2318 during the period of February to April 2023, and has held them for 11 months. The holder also transferred 34% of their tokens to #Binance one hour ago at a price of $BTC #crypto2023A

Yuga Labs has hired media veteran Won Kim as its brand cooperation director. Won Kim previously co-founded Web3 consulting firm and NFT fund Bored Room Ventures. He will establish new brand partnerships for Yuga Labs, keep up with media trends, and work with Yuga Labs senior management to develop business strategies.
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zero-trust DePIN network Staex, which focuses on the Internet of Things, announced the completion of its strategic round of financing on X platform. Moonrock Capital participated, but specific amounts and valuation data have not been disclosed. Staex's Web3.0 software platform provides zero-trust networks for IoT devices that cannot run VPNs. Users can easily set up VPNs, DNS, SSL, DNAT, and port forwarding in minutes to achieve seamless connectivity and communication while ensuring privacy and security.
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According to on-chain analyst Yu Jin's monitoring, a total of 177.28 million US dollars of net outflow of funds was observed in eleven spot Bitcoin ETFs. It is expected that the ETF custody address will have a net outflow of about 2,742 BTC after the opening of the US stock market tonight: -Outflow: Grayscale GBTC and other four ETFs had an outflow of about 3,083 BTC (corresponding to a capital outflow of 199.31 million US dollars on April 25); -Inflow: Valkyrie BRRR and other two ETFs had an inflow of about 341 BTC (corresponding to a capital inflow of 22.03 million US dollars on April 25). Currently, the eleven spot Bitcoin ETFs hold a total of 836,764 BTC (54.12 billion US dollars).
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On April 25th, according to mempool data, the transaction fees for Bitcoin's low to medium priority transactions have dropped to an average of $3 (34-36 satoshis/byte).
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SolanaFloor disclosed data on X platform showing that in terms of annual NFT blockchain user adoption rate, Solana surpasses all other chains including Bitcoin and Ethereum, with a share of 33% and 1.3 million blockchain users.
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According to The Block, Bitcoin options worth over $6.3 billion and Ethereum options worth over $3 billion will expire on Friday. However, the situation with Ethereum options shows that the number of put options and call options is significantly lower than the ratio for Bitcoin. For Ethereum contracts, the ratio of put options to call options before the Friday expiration is low at 0.49. It is reported that a ratio of less than 1 for put options to call options indicates that the trading volume for call options exceeds that for put options, and also indicates bullish sentiment in the market.
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As monitored by on-chain analyst Yu Jin, one hour ago, a whale who has been consistently withdrawing PENDLE from Binance recently withdrew 119,000 PENDLE (780,000 USD) from the exchange. Starting from April 6th, this whale has been continuously withdrawing PENDLE from Binance and has withdrawn a total of 1.709 million PENDLE (11.52 million USD) at an average price of about 6.54 USD.
#crypto2023A