Headlines
Australia plans to approve Bitcoin spot ETF by the end of the year
On April 29, people familiar with the matter revealed that ASX Ltd., Australias largest stock exchange, is expected to approve the first batch of Bitcoin spot ETFs listed on the main board by the end of 2024.
It is reported that the ASX handles about four-fifths of Australias stock transactions. A spokesperson for Sydney-based BetaShares said in an interview that the company is working on launching a cryptocurrency ETF on the Australian Stock Exchange. Justin Arzadon, head of digital assets at BetaShares, said the company has reserved ASX stock codes for Bitcoin spot ETF and Ethereum spot ETF.
Another local company, DigitalX Ltd., said in its half-year results in February that it had filed for a Bitcoin ETF. VanEck also resubmitted its application in February. An ASX spokesperson said the exchange will continue to engage with a number of issuers interested in launching crypto ETFs, but did not confirm a timeline. (Bloomberg)
On April 28, Ethereum infrastructure development company Consensys published a statement on X stating that if the U.S. Securities and Exchange Commission (SEC) successfully designates ETH as a security, the company and developers’ years of work will be wasted, billions of dollars of economic value will be destroyed, and this may lead to widespread unemployment among American workers.
Samson Mow: Halving and surge in spot ETF demand could push Bitcoin price to $1 million
On April 28, Jan3 CEO Samson Mow recently participated in a discussion about Bitcoin user privacy and the true identity of Satoshi Nakamoto.
When talking about privacy and how it can be maintained, Mow referenced Satoshi Nakamoto’s vision for privacy in the Bitcoin whitepaper. Satoshi proposed a way to preserve privacy as an alternative to the banking model, “The traditional banking model achieves a certain level of privacy by limiting access to information to only interested parties and trusted third parties.” However, Satoshi proposed that Bitcoin could maintain privacy by keeping private keys anonymous. This way everyone can see that one party is sending funds to another, but the wallet will remain anonymous and transactions will not be associated with a specific individual.
In addition, Mow believes that the recent halving event coupled with the surge in demand for Bitcoin spot ETFs, when the supply shock meets the demand shock, may trigger the emergence of the Omega candle pattern, which is expected to push the Bitcoin price to the $1 million milestone. (U.Today)
Industry News
On April 28, DeFiLlama data showed that the transaction volume of DEX on the Ethereum chain in the past 7 days was US$12.42 billion, a 7-day decrease of 16.87%.
The trading volume of Solanas on-chain DEX in the past 7 days was US$8.423 billion, with a 7-day increase of 1.02%.
The transaction volume of BSC on-chain DEX in the past 7 days was US$5.273 billion, a 7-day decrease of 20.96%.
The transaction volume of Arbitrum on-chain DEX in the past 7 days was US$3.735 billion, a 7-day decrease of 26.56%.
The transaction volume of Base chain DEX in the past 7 days was US$2.321 billion, a 7-day decrease of 10.10%.
On April 28, Coingecko data showed that the total market value of cryptocurrencies was 2.503 trillion US dollars, a 24-hour increase of 3.1%. In addition, BTCs market share was 50.2% and ETHs market share was 16%.
According to Coinglass data, the entire network had a liquidation of US$96.3469 million in the past 24 hours, of which long positions had a liquidation of US$27.5355 million and short positions had a liquidation of US$68.8114 million.
Layer 2 sector rose overall, with OP 24H rising by more than 14%
On April 28, OKX market showed that the Layer 2 sector rose overall, including:
OP is currently trading at 2.6595 USDT, with a 24-hour increase of 14.58%;
ARB is currently trading at 1.1301 USDT, with a 24-hour increase of 8.12%;
STRK is currently trading at 1.2859 USDT, with a 24-hour increase of 12.13%;
MATIC is currently trading at 0.7395 USDT, with a 24-hour increase of 7.53%;
IMX is currently trading at 2.1761 USDT, with a 24-hour increase of 4.01%.
Project News
io.net releases security incident analysis report: IO tokens will still be launched as planned
On April 29, Ahmad Shadid, founder and CEO of Solana ecosystem DePIN protocol io.net, released a post-mortem analysis of the April 27 incident report on social media and said: In the past 120 hours, io.net has been committed to eliminating witch attackers, launching multiple security patches, and building new security models to prevent future incidents. The network infrastructure is now fully operational and operating normally.
In addition, Ahmad Shadid said: io.net is a team of more than 100 people who are cleaning up fake GPUs and making the indicators displayed in the user interface clearer. io.net puts security and stability first, and io.net operates in a transparent manner. Our business team is currently coordinating the restart of the network, prioritizing supplier relationships, and restoring the supply of the network as soon as possible. We will still launch IO Cloud v2 and IO tokens as planned. This attack is a painful lesson for me, and I apologize to the community. Most of the criticisms received by io.net are reasonable, and we will continue to improve the network based on community feedback.
UniSat: Rune Market has reopened
On April 28, UniSat posted on social media that the Rune Market has now reopened.
Earlier news, UniSat posted on social media that it had detected abnormal activity in the Rune Market and was currently undergoing emergency maintenance. The team is actively investigating and resolving the issue.
Some Celsius creditor data was leaked in the phishing attack suffered by Stretto last week
On April 28, Celsius said on the X platform that it had sent a notice to the court regarding the data security incident reported by Celsius claims agent Stretto.
According to court documents it shared, on April 17, 2024, Stretto discovered that certain Celsius creditor data held by Stretto was accessed by unauthorized users after a phishing attack. Stretto terminated all unauthorized access to the affected accounts on the same day. Stretto has hired an independent computer forensics firm to conduct an investigation to determine the severity of this data security incident. The investigation is still ongoing, but as of now, Stretto has determined that the information accessed includes creditor names, email addresses, mailing addresses, and claim amounts.
In addition, fewer than 40 creditors who had provided Stretto with their tax identification numbers also had this information accessed. Based on the current investigation, the data security incident does not appear to have impacted Stretto’s systems related to distributions under the plan, or data provided by Celsius to Stretto during the bankruptcy proceedings. Stretto’s independent investigation is ongoing and further updates will be provided as the facts warrant.
Celsius debtors issued a statement regarding the data security incident, saying: Given Streittos role in the distribution process under this plan, out of an abundance of caution, the debtors have temporarily suspended distributions to creditors under this plan after it comes into effect. We hope to confirm the main findings next week so that we can resume distributions under the plan as soon as it is safe and secure. For affected creditors, Stretto recommends that they pay close attention to their accounts and transactions, and if they find any unusual or suspicious activity, please contact Stretto or the relevant law enforcement agency immediately.
dYdX Chain is expected to upgrade its software to V4.1.0 tomorrow
On April 28, dYdX Foundation announced on the X platform that dYdX Chain will upgrade its software to V4.1.0 at block height 14,404,200 (estimated at 12:30 UTC on April 29).
The dYdX community has previously voted to approve the software upgrade proposal DIP 53. Officials recommend that validators and traders prepare for this upgrade to avoid (network) disruptions.
Wintermute transfers 15,000 ETH to Coinbase
On April 28, according to on-chain analyst Embers, 10 minutes ago, Wintermute transferred 15,000 ETH (US$49.65 million) to Coinbase.
These ETH originated from Wintermute redeeming 15,441 stETH into ETH at Lido 14 hours ago.
DOG•GO•TO•THE•MOON has a market value of over $470 million
On April 28, Ord.io listed the top ten runes by market value on the X platform:
DOG•GO•TO•THE•MOON (Runestone airdrop): $471.1 million, (24H) up 29.4%;
2. RSIC•GENESIS•RUNE: $266.5 million, up 22.7%;
3. SATOSHI•NAKAMOTO: $60.4 million, up 7.1%;
4. LOBO THE WOLF PUP: $47.4 million, up 19.8%;
5. Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z: $26.4 million, down 12.7%;
6. WANKO•MANKO•RUNES: $15.8 million, up 2.1%;
7. ANARCHO•CATBUS: $9.9 million, up 28.1%;
8. RUNES•X•BITCOIN: $7.9 million, up 204.3%;
9. MEME•ECONOMICS: $7.7 million, down 1.9%;
10. THE TICKER IS ELSA: $3.4 million, down 8.9%.
On April 28, according to SlowMist monitoring, attackers have recently used WordPress plugin vulnerabilities to attack normal sites, and then injected malicious js code into the site to launch a watering hole attack. When users visit the site, malicious pop-ups pop up to trick users into executing malicious code or signing Web3 wallets, thereby stealing users assets.
SlowMist recommends that sites that use WordPress plug-ins should check for vulnerabilities and update plug-ins in a timely manner to avoid attacks; when users visit any site, they should carefully identify the downloaded programs and the content of Web3 signatures to avoid downloading malicious programs or asset theft due to authorization of malicious signatures.
Rune 2 will be snapshotted at block height 841,269 and will be airdropped next Monday
On April 28, the NFT project CyberKongz posted on the X platform that the Prometheans snapshot will be conducted at block height 841,269. Users must hold their Prometheans before the block is mined to be eligible for the DECENTRALIZED airdrop. The airdrop distribution will be per Promethean rather than per wallet, so users do not need to move or store Prometheans separately.
According to previous news, Rune No. 2 DECENTRALIZED was mined by the project team for airdrops and deployed by CyberKongz.
91% of DECENTRALIZED will be distributed to holders of Pre-Rune Prometheans, 4.5% will be distributed to the Ordinals community, and 4.5% will be distributed to launch contributors. The airdrop is expected to take place next Monday (April 29).
Character*Voice
Yuga Labs CEO: The company has reached a bottleneck in development, and layoffs are to seek change
On April 28, DL News disclosed an email sent by Yuga Labs CEO Greg Solano to internal employees. Greg Solano said that Yuga Labs had lost its way and was struggling under a maze-like process. The previous announcement of the adoption was to change Yuga Labs to return to its roots. Greg Solano also said that Yuga Labs needs a team that does less but does it well, but is now in difficult mode.
On April 28, Su Zhu said on X Platform: “The relatively weak performance of Ethereum meme tokens is because participants in the Ethereum ecosystem will compare the 20%-40% return generated by investing in re-staking with the investment method of buying ERC 20 tokens to earn ETH, and decide to only participate in re-staking based on risk. As the formers yield gradually converges with the normal yield of the beacon chain, this situation will change. Please pay attention to this change.”
On April 28, KPMG China Hong Kong Risk Advisory Director Jansberg said that compared with other regions, virtual asset spot ETFs issued in Hong Kong, China have many advantages, including the protection provided by the Securities and Futures Commission for investors, and more diversified subscription and redemption methods. For investors, physical redemption and subscription options are particularly attractive, and institutional investors who custody virtual assets themselves can consider holding the relevant assets through ETFs without converting them into legal currency in advance. He believes that Hong Kong is now ready to welcome spot Bitcoin and Ethereum ETFs. Hong Kong has very strict requirements for issuing such ETFs, including detailed review of the internal management and business capabilities of the applicant issuer to ensure that it complies with relevant regulations and provides adequate protection for investors. Under the active promotion of the government, Hong Kongs regulatory environment has been continuously improved, providing a more stable investment environment for global virtual asset investors. The continued development of the virtual asset industry will help Hong Kong attract a new round of investors and institutions seeking emerging investment opportunities. (Economic News Agency)
