headlines
CME Fed Watch: The probability of the Fed keeping interest rates unchanged in May is 84.3%
On March 25, CME Fed Watch data showed that the probability of the Fed keeping interest rates unchanged in the range of 5.25% -5.50% in May was 84.3%, and the probability of cutting interest rates by 25 basis points was 15.7%.
In addition, the probability of the Federal Reserve keeping interest rates unchanged until June is 26.0%, the probability of a cumulative 25 basis point interest rate cut is 63.2%, and the probability of a cumulative 50 basis point interest rate cut is 10.9%.
London Stock Exchange plans to launch Bitcoin and Ethereum crypto ETN trading on May 28
On March 25, the London Stock Exchange said it would launch trading in Bitcoin and Ethereum cryptocurrency exchange-traded funds (ETNs) on May 28, 2024. (TreeNews)
US SEC plans to ask judge to fine Ripple Labs $2 billion
On March 26, the U.S. SEC planned to ask a judge to fine Ripple Labs $2 billion. The documents will be made public on Tuesday as part of Ripple’s years-long case with the SEC. Ripple Chief Legal Officer Stuart Alderoty said that Ripple’s response will be filed next month, but as seen previously, the statements issued by the SEC were false, mischaracterized and intended to mislead, and the SEC did not implement them faithfully. law, but is bent on punishing and intimidating Ripple and the entire industry.
Industry news
The market value of the RWA token sector exceeds US$7.3 billion, with a 24 H increase of 17.9%
On March 26, CoinGecko data showed that the market value of the RWA token sector exceeded US$7.3 billion, with a 24 H increase of 17.9%, including:
Ondo (ONDO) is currently trading at $0.9329, with a 24 H increase of 1.2%;
POLYX (Polymesh) is currently trading at $0.5968, with a 24 H increase of 46.2%;
TOKEN (TokenFi) is currently trading at $0.179, with a 24 H increase of 33.2%;
MANTRA (OM) is currently trading at $0.7094, with a 24 H increase of 22.9%.
On March 25, according to the official announcement, Binance Futures will automatically liquidate ANTUSDT, DGBUSDT and CTKUSDT U-margined perpetual contracts at 17:00 on April 1, 2024 (Eastern Eighth District time), and will be liquidated after the liquidation is completed. The above U-margined perpetual contract trading pairs will be delisted.
Binance Futures will update the leverage and margin levels of ANTUSDT, DGBUSDT and CTKUSDT U-margined perpetual contracts at 18:30 on March 25, 2024 (Eastern Eighth District time).
Note: It is recommended that users close their positions before stopping trading to avoid automatic liquidation of positions; starting from 16:30 on April 1, 2024 (Eastern Eighth District time), users will not be able to add new positions to the above U-standard perpetual contracts.
FTX to sell two-thirds of Anthropic stake for $884 million
On March 26, bankrupt cryptocurrency exchange FTX had reached an $884 million deal with more than two dozen buyers, including Abu Dhabi investors, to sell two-thirds of its stake in artificial intelligence startup Anthropic. of shares.
FTX invested $500 million in Anthropic in 2021 and holds about 7.8% of the company. The sale of Anthropic stock may be the most profitable divestment that FTX has initiated or completed since filing for bankruptcy in November 2022, as the The company attempts to obtain funds to repay its creditors. (Wall Street Journal)
Binance will stop supporting deposits and withdrawals of TRC 20 USDC
On March 25, Binance officially announced that since the Circle team has stopped supporting the USDC token of Tron Network (TRC 20), Binance will stop supporting USDC tokens at 10:00 on April 5, 2024 (Eastern Eighth District time) Token deposit and withdrawal services on Tron Network (TRC 20).
Project News
On March 26, according to Lookonchain monitoring, in the past 6 days, a whale spent 854 ETH (3 million US dollars) to purchase 301.77 million DEGEN at an average price of 0.01 US dollars, becoming the seventh largest holder of DEGEN.
At the current price, its profit on DEGEN exceeds US$2.9 million.
On March 25, Ripple development arm RippleX revealed a technical issue affecting the automated market maker (AMM) pool on the XRP Ledger, a vulnerability that disrupted trading and funding pools.
It is understood that RippleXs technical team discovered discrepancies in a limited number of AMM pools on XRP Ledger, resulting in incorrect transaction processing, and therefore recommended that users no longer deposit funds into the affected AMM pools. This precaution is intended to eliminate any potential concurrency issues that may arise from the current vulnerability. It advises users who own LP tokens in these pools to redeem them until the issue is resolved.
RippleXs technical team is actively working to resolve the error, focusing on restoring normal operations within the AMM pool. The company said it is committed to resolving the issue quickly and has worked with community members to assist in resolving it. (Cointelegraph)
Polygon zkEVM mainnet beta version is back up and running
On March 25, Polygon issued a document on the X platform stating that the Beta version of the Polygon zkEVM mainnet has resumed operation.
The Polygon zkEVM mainnet Beta version Emergency Council has activated an emergency state, allowing the Polygon zkEVM core team to make necessary repairs to the system and allowing L1 settlement to resume. After this upgrade is completed, the emergency status is deactivated, which means that any further updates to the system will undergo a 10-day time lock before taking effect. Regarding this incident, the team will release a detailed post-mortem analysis report next week.
It should be noted that this only affects the Polygon zkEVM mainnet Beta version and does not affect Polygon PoS, Polygon CDK, or any chain deployed using Polygon CDK.
Yesterdays news, Polygon issued a statement on the This incident only affects Polygon zkEVM (rollup) and does not affect Polygon PoS, Polygon CDK, or any chains deployed using Polygon CDK. Additionally, the team plans to release the second generation of zkEVM in the coming weeks.
On March 25, according to on-chain analyst @ai_ 9684 xtpa monitoring, Bakeryswap had created the PUMP/WBNB trading pair half an hour ago and injected an initial liquidity of 200 billion PUMP and 1,000 WBNB, which means that the opening market value of PUMP is $12.9 million, starting price is $0.000002902.
TOP 3 airdrop addresses:
0x25b...BaA57: 3.75 billion airdropped, 3,000 BNB borrowed from Venus to participate, worth 1.75 million US dollars; 0x 699...13694: 3.69 billion airdropped, 2,061 BNB and 69,000 CAKE invested, worth $1.45 million address; 0x Db 5...028 Fb: 3.59 billion airdropped, 1,500 BNB and 13,000 CAKE invested, worth $1.45 million address.
PUMP market value estimation:
The total number of PUMP tokens is 4.44 trillion, and the market value is calculated according to the following two methods:
1. Calculated based on the initial liquidity of PUMP/WBNB, the market value is US$12.9 million, and the PUMP price is US$0.000002902;
2. Based on the Whales Market OTC price, the market value is approximately US$77.77 million, and the PUMP price is US$0.0000175;
The current OTC price is 5 times the opening price.
PUMP participation rate of return:
Calculated based on the current OTC price, each BNB will receive 1.5 million PUMP airdrops, worth $26.25, with a return rate of approximately 4.5%, which is approximately equal to four Binance Launchpool returns.
On March 25, Ark Invest officially released its latest innovation platform white paper, identifying five emerging general technology innovation platforms: public blockchain, multi-group sequencing, energy storage, robotics and artificial intelligence. In terms of public chains, Ark Invest pointed out that once mass adoption occurs, all funds and contracts may be migrated to public blockchains, and the financial ecosystem may be reconfigured to adapt to the rise of cryptocurrencies and smart contracts. The more assets become currency-like and businesses and consumers adapt to new financial infrastructure, the more digital wallets will become increasingly necessary.
On March 26, Ethereums second-layer expansion solution Starknet issued a notice on the X platform stating that the Goerli test network is currently in non-maintenance mode and needs to be migrated to the Sepolia test network as soon as possible. According to previous news, the Starknet Goerli test network is expected to be deprecated on April 11.
Character*Voice
On March 25, Montenegros Vijesti news outlet reported that on March 23, former Terraform Labs CEO Do Kwon was placed in a reception center for foreigners by Montenegrin authorities after his sentence ended. Do Kwon was also interrogated by a local inspector for five hours before being transferred here.
Do Kwon is expected to be held at the facility pending a new decision on his extradition by a local court. Do Kwons local legal representative, Goran Rodiki, believes the treatment is illegal and said he would file a lawsuit with the local administrative court. Local media said Do Kwons passport was also confiscated last week. (The Block)
Previously, on March 23, it was reported that Terra co-founder Do Kwon was released from prison pending the Supreme Court’s extradition decision.
On March 25, Scroll co-founder Sandy Peng (@sandyzkp) posted on the X platform that 4844, DA Compression, Proof Aggregation and more user-centered innovations will be launched on Scroll in the next few months. In addition, decentralization and rewards for on-chain interactions are also in progress.
Financial investment
On March 25, BTC Layer 2 project BEVM announced the completion of seed round financing and part of Series A financing on the Nearly 20 institutions including MH Ventues, Mapleblock, Electrum Capital, Zephyrus Capital, Lotus Capital, 7 UPDAO, and TimeTells participated in the investment, with a post-money valuation of US$200 million. The new financing will be used to build a more decentralized Bitcoin ecosystem based on Taproot Consensus.
It is reported that BEVM will launch the mainnet on March 28.
