headlines
On March 26, The Cook Capital released a market view on the Both in terms of proportion and value, it is almost the largest quarterly delivery in history. Such a large-scale delivery will undoubtedly lead to the release of huge amounts of margin, which will have an impact on the current market institutions.
On March 26, official data from BlackRock showed that as of March 25, the holdings of its spot Bitcoin ETF IBIT Bitcoin had reached 243,627.35182 BTC, with a market value of approximately US$17,244,840,510.43, continuing to hit a record high. The current number of shares in circulation has increased. to 426,800,000 copies.
Grayscale GBTC holdings dropped to 347,500 BTC as of March 25
On March 26, Grayscale official data showed that as of March 25, local time, GBTC held 347,551.9144 BTC, a decrease of 2700.09 BTC from the previous trading day.
In addition, GBTCs assets under management (non-GAAP) are $24,679,518,943.75, with 389,830,100 outstanding shares.
Industry news
On March 26, cryptocurrency prices surged, resulting in a significant increase in the value of the DAO treasury over the past four months, with assets under management currently reaching $40.1 billion.
Back in November 2023, the DAO ecosystem had a total of $18 billion in assets under management, with Arbitrum DAO leading the way. Currently, things have changed and Arbitrum DAO is now in second place in terms of value for money.
The largest DAO is Optimism Collective, with assets under management worth approximately $7.9 billion. Optimisms DAO treasury consists of tokens such as OP, USDT, ETH and USDC. Four months ago, Mantle’s DAO ranked third, but has now been replaced by Uniswap’s DAO. (Bitcoin.com)
SWIFT plans to launch new CBDC platform within 12-24 months to connect existing financial systems
On March 26, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) planned to build a new platform in the next one to two years to connect the central bank digital currency (CBDC) currently under development with the existing financial system. This move will likely be fine-tuned when the first major CBDCs are launched.
Nick Kerigan, SWIFTs head of innovation, said its latest pilot, which lasted six months and involved 38 central banks, commercial banks and settlement platforms, is one of the largest global collaborations to date on CBDC and tokenized assets.
The plan focuses on ensuring that CBDCs from different countries can be used together, even if built on different underlying technologies or protocols, thereby reducing the risk of fragmentation of the payment system. It also suggests that CBDC could be used for highly complex trade or foreign exchange payments and could potentially be automated, speeding up the process and reducing costs. (Reuters)
The fifth largest Bitcoin address transferred all 94,500 BTC held to 3 addresses on March 23
On March 26, according to monitoring data disclosed by Arkham on the Three new addresses have been reached, leaving only 1.4 BTC in the original address. The Bitcoins have not moved since they were received in 2019. It is unclear who owns the address and the address does not appear to be associated with the exchange.
U.S. OFAC sanctions 13 entities for helping Russia evade sanctions through cryptocurrency
On March 26, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities and two individuals for facilitating the evasion of sanctions by Russian nationals by establishing cryptocurrency-related services.
OFAC said in a statement that many of the individuals and entities sanctioned on Monday facilitated transactions or provided services that helped other named entities evade sanctions.
“Russia is increasingly turning to alternative payment mechanisms to circumvent U.S. sanctions and continue to fund its war in Ukraine,” Brian E. Nelson, undersecretary for terrorism and financial intelligence, said in a statement.
Nelson added that the Treasury Department will continue to expose and disrupt companies that seek to help sanctioned Russian financial institutions reconnect with the global financial system. (The Block)
Galaxy holds a $27M net position in Celestia (TIA)
On March 26, Galaxy Digital disclosed a net position in Celestia (TIA) worth US$27 million and locked tokens worth US$41 million in its 2023 year-end financial report. (The Block Pro)
On March 26, Bloomberg ETF analyst Rebecca Sin released the latest research report showing that Hong Kong is expected to realize the creation and redemption of spot Bitcoin ETFs in the second quarter of this year, which may be a major market opportunity that can significantly increase the Assets under management (AUM) and trading volume of regional Bitcoin ETF issuers. The report stated that Hong Kong’s goal may be to use physical Bitcoin to create ETFs, which is completely different from the United States. The United States only allows the use of cash, that is, “cash in, Bitcoin ETF out”, while Hong Kong’s is “Bitcoin in, ETF out”. (Cointelgraph)
Franklin Templeton launches BTC/ETH separately managed account
On March 26, fund giant Franklin Templeton, which manages more than US$1 trillion in assets, launched the Franklin Templeton Digital Asset Dynamic BTC/ETH separately managed account (SMA). SMA provides a nuanced investment method that allows investors to Investors will be able to achieve greater customization in asset diversification and tax optimization strategies. In the crypto space, SMA will provide investors with a range of risk exposures beyond Bitcoin to invest in the 10 to 15 largest digital assets. , Franklin Templeton Digital Asset Core Cap SMA also adopts a similar strategy, but limits the allocation caps of BTC and ETH to 25% of the portfolio each. (Blockworks)
Project News
On March 26, a16z Crypto announced that the Crypto Startup Accelerator (CSX) 2024 Spring Cohort is launching in London this week. Over the course of 10 weeks, 25 promising early-stage startup founders will learn from each other and receive guidance and resources from the a16z Crypto team to accelerate their product-market fit and lay the foundation for long-term growth and success.
The following is the list of participating projects in CSX Spring 2024: AminoChain, Collar Networks, Compass Labs, Hungry Cats Studi, Launcher, MagicBlock, NEBRA Labs, Neynar, NodeKit, Nosh, OpenLayer, OpenTrade, Playmint, Roux, Sablier, Scrypted, Spire, Strobe , taralli labs, Tata Bazaar, Tranched, Valyu Network, zkPassport.
Aperture Finance launches INTENTional Campaign to airdrop 7% of the total token supply to TGE
On March 26, Aperture Finance launched the INTENTional Campaign, which will airdrop 7% of the total Aperture token supply (after vest) to TGE, of which 4.2% will be used for the INTENTional Campaign, and 2.8% will be used to support V3 LP and $UNI representatives. Airdrop of snapshots.
Users need a referral link to join the INTENTional Campaign. Users can earn points through trading activities such as Swap, rebalance, and reinvest. Recommend friends and your points will increase.
Aperture Finance will also give away 200 points for a limited time to users who retweet popular tweets. For more complete event rules (luck draws, how to become an INTENT master, etc.) and partners, please see the official Medium.
Outlier Ventures and Saudi NTDP launch Web3 accelerator program
On March 26, Outlier Ventures and Saudi Arabia’s National Technology Development Program (NTDP) announced the launch of the Web3 accelerator program. The accelerator program will launch later this year and will become part of Saudi Arabia’s “Saudi Vision 2030” plan. The focus of the accelerator will be to support Web3 startups in Saudi Arabia, with Outlier Ventures providing expertise in Web3 product development, entity structure and token design. (TheBlock)
BALD developers have burned approximately 600 million tokens, accounting for 60% of the supply
On March 26, according to Spot On Chain monitoring, BALD developers destroyed approximately 600 million tokens (approximately 60% of the supply) in the past 5 hours, causing the BALD price to surge by 60%.
In August last year, BALD deployers performed a Rug Pull to withdraw 3,000 ETH (liquidity) from the community.
In the past 24 hours, the prices of Base ecological Meme coins have all increased, with TOSHI rising by 17%, MOCHI rising by 28%, SMUDCAT rising by 154%, DEGEN rising by 8%, and BRETT rising by 20%. However, the market capitalization of these tokens is still low compared to the latest meme coins on other chains.
Portugal data regulator asks Worldcoin to ban collection of biometric data within 90 days
On March 26, Portugal’s data regulator said on Tuesday that it had ordered Sam Altman’s iris scanning project Worldcoin to stop collecting biometric data for 90 days. (Reuters)
B² Network announces strategic partnership with Babylon
On March 26, according to official news, the Bitcoin second-layer network B² Network and the Bitcoin staking protocol Babylon announced a strategic partnership to improve the security of B² and promote the development of Bitcoin staking and re-pledge.
As a PoS network, B² Network will improve the security of the B² Hub consensus through Babylons Bitcoin staking protocol. B² Hub will add Babylon Finality Provider as a checkpoint in block confirmation and use the Bitcoin Timestamping Protocol to achieve final confirmation on the Bitcoin network, thereby helping B² Hub avoid long-range attacks and improve security. It is reported that B² Networks BTC staking function will be divided into two stages. Before the Babylon BTC staking mainnet is launched, B² Rollup will support users to use BTC to pledge for B² Hubs verifiers and obtain B² token rewards. After the Babylon BTC staking mainnet is launched, B² Rollup will transfer users cross-chain BTC on Bitcoin to specific addresses to participate in Babylons BTC staking and B² Hubs re-staking.
Manta has opened the withdrawal channel for the New Paradigm event
On March 26, Manta officially announced on
On March 26, according to official news, Injective released an Ionic upgrade for its Injective Bridge to achieve interoperability and near-zero user experience. The new Injective Bridge will unify one-click bridging of mainstream chains including Ethereum, Solana and Cosmos. Additionally, it features easy deposit functionality, comprehensive transaction history, and a transfer tracking mechanism.
Additionally, starting now, Injective users can convert their existing “legacy” tokens to the new Wormhole Gateway standard via the revamped Injective Bridge. For users who previously bridged their tokens to Injective via Wormhole, the LEGACY suffix will be assigned. Migrating legacy tokens to a unified token standard can also be done with one click using Injective Bridge.
Investment and Financing
On March 26, according to official news, Nubit, a native Bitcoin DA layer project, completed a $3 million Pre-Seed round of financing, with participation from dao 5, OKX Ventures, Primitive Ventures, ArkStream Capital and others.
It is reported that Nubit collaborated with BRC-20 creator Domo to develop the Modular Indexer, which allows users to self-verify the validity of data at low cost, thereby ensuring the integrity and trust of the entire ecosystem. This development is a key step towards a decentralized future for the Bitcoin ecosystem and is reinforced by Nubit’s collaborations with projects such as Babylon, Merlin Chain and BounceBit.
In addition, Nubit has advanced its Pre-Alpha testnet process and plans to launch the mainnet later this year.
According to previous news in January, Nubit completed angel round financing, with the participation of Bounce Brand co-founders and domo, but the amount of financing was not disclosed.
On March 26, the chain game project BlockGames announced on the It ends at 1 pm on the same day (9 pm Beijing time). It is reported that 15% of the token will be unlocked when it is released. There will be a 6-month cliff period, followed by a 15-month linear release. BlockGames reminds users to participate through the official link.
In addition, BlockGames also revealed that it has completed a new round of financing of US$6 million, led by Newman Group, 32-Bit Ventures, Cypher Capital, Sfermion Capital and others.
MyPrize completed two rounds of financing totaling US$13 million, valuing it at US$140 million
On March 26, Web3 gambling game platform MyPrize completed two rounds of financing totaling US$13 million, with its valuation reaching US$140 million. Its first round of financing was US$5 million, completed in October last year; its second round of financing was US$8 million, completed this month.
These two rounds of financing were led by Dragonfly and Boxcars Ventures respectively, with participation from a16z Scout, Mechanism Capital, Arrington Capital, Breed VC, JST Capital, 2 Punks Capital and others. Pudgy Penguins CEO Luca Netz, Blockchain.com co-founder Peter Smith, Sei Labs co-founder Jeff Feng, Jack Entertainment’s Steve Rosenthal, Spencer Noon and other angel investors participated in the investment.
MyPrize has two websites, one for U.S. users and one for non-U.S. users. MyPrize is also launching a rewards program today, giving early adopters Points XP. MyPrize co-founder Zach Bruch said that users of all of its sites can earn XP and it also offers a $100,000 prize pool. (The Block)
On March 26, Blast ecological derivatives trading platform DTX announced the completion of angel round financing. Blast angel investors hype.eth, dingaling, FreeLunchCapital, Mr. Block, HongKongDoll and others participated in the investment. The specific financing amount has not yet been disclosed.
DTX won an award in the Blast Big Bang competition this year and supports over 100 trading pairs. Provides good liquidity and also provides a zero-slippage trading experience. DTX will provide users with 100% Blast Points, Blast Gold and Gas Refund rewards. The Starship activity has also been launched. In addition to various points, users can also obtain DTX Fuel (DTX Fuel) through transactions, and the fuel can be exchanged for platform tokens.
On March 26, modular L2 Reya Network development company Reya Labs announced the completion of US$10 million in financing, with participation from Coinbase Ventures, Wintermute, Fabric Ventures, Framework Ventures, Brevan Howard Digital, Amber Group, and Robot Ventures. Reya Network focuses on creating liquidity, capital efficiency and performance for DeFi traders and liquidity providers, and the new funds will be used to fuel the launch of its Liquidity Generation Activity (LGE) in April.
Bitcoin DeFi platform ALEX completes $10 million in new round of financing
On March 26, Bitcoin DeFi platform ALEX announced the completion of a new round of financing of US$10 million, led by Spartan Capital, CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur 3 Capital and EVG participated in the investment. As of now, the total locked value of ALEX is nearly US$200 million, and the total transaction volume of 52,892 wallets exceeds US$1.3 billion.
On March 26, crypto game development company Gunzilla Games announced the completion of US$30 million in financing, led by Avalanches Blizzard Fund and CoinFund. The new funds will support the development and release of its upcoming free-to-play battle royale video game Off the Grid. The game is planned to launch on PlayStation, Xbox, and PC.
Character*Voice
On March 26, according to information disclosed on the website of the U.S. Department of Justice, KuCoin and its two founders CHUN GAN (also known as Michael) and KE TANG (also known as Eric) were charged with violating the Bank Secrecy Act and operating without permission. Fund transmission crime. It is reported that the U.S. Attorney for the Southern District and the Department of Homeland Security Investigations announced the unsealing of the indictment, accusing KuCoin of violating the Bank Secrecy Act and intentionally violating anti-money laundering laws. Those involved are still at large.
On March 26, KuCoin issued an article on the KuCoin respects the laws and regulations of various countries and strictly abides by compliance standards.
