1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: -5.33%
ETH: -11.1%
SOL: -11.16%
XRP: -9.96%
BNB: -4.61%
DOGE: -11.1%
PEPE: -9.69%
SUI: -11.9%
GUN: -1.1%
ADA: -10.96%
24 H increase list (data source: OKX):
AERGO: +52.07%
FORTH: +27.21%
ERN: +16.07%
DUCK: +2.94%
HMSTR: +2.75%
FLM + 1.72%
DGB: +1.46%
OKB: +1.184%
CATI: +1.04%
ACT: +0.56%
3. 24-hour hot search currencies
BTC: BTC plummeted this morning, hitting a low of 77153.83 USDT.
Headlines
Odaily Planet Daily reported that OKX market data showed that BTC fell below 78,000 USDT and is now trading at 77,952.6 USDT, a 24-hour drop of 6.26%.
Odaily Planet Daily reported that OKX market data showed that ETH fell below 1600 USDT and is now trading at 1599.3 USDT, a 24-hour drop of 10.49%.
According to analysis by Ember, as the market fell, a whales total of 67,500 ETH (about $105 million) loan positions were completely liquidated when ETH fell to around $1,650, further exacerbating the downward trend of ETH prices. It is said that the whale added 2,160 ETH as collateral at 1 a.m. to lower the liquidation line, but was eventually liquidated at around 6 a.m. to repay its $74.4 million DAI loan.
Odaily Planet Daily reported that according to market data, the ETH/BTC exchange rate fell below 0.02 in this mornings decline, setting a new low since the beginning of 2020, reaching a low of 0.0198. It is currently trading at 0.02015, with a 24-hour drop of 7.02%.
Odaily Planet Daily reported that OKX market data showed that SOL fell 13% in 24 hours and is now trading at US$103.4, and ETH fell 13% in 24 hours and is now trading at US$1564.6.
The U.S. SEC will hold its second roundtable on crypto regulation on April 11
Odaily Planet Daily reported that the U.S. Securities and Exchange Commission (SEC) will hold its second roundtable on crypto regulation from 1:00 to 5:00 p.m. Eastern Time on April 11, with the theme of Tailored Regulation for Cryptocurrency Transactions.
Industry News
FTX may dismiss over $2.5 billion in claims related to KYC noncompliance
Odaily Planet Daily News: Because users failed to start verifying their identities before the March 3 deadline, FTX will disqualify nearly 400,000 customers from claims. Failure to comply with customer knowledge regulations may result in up to $2.5 billion in claims being canceled.
According to a filing from the Delaware Bankruptcy Court on April 2, 392,000 claims have been completely dismissed and deleted, involving as many as 2,377 pages of content. Although the total amount of unverified claims was initially estimated to be approximately $1 billion, creditor representative Sunil Kavuri said the actual amount may exceed $2.5 billion, including $655 million in small claims and $1.9 billion in large claims. These canceled claims are part of a total of $33.6 billion in disputed claims that FTX expects to dismiss. FTX said this process is critical to making up for the failures of previous management in user data collection and due diligence. (DL News)
Project News
CZ conceives AI social assistant X Agent and plans to launch personalized tweet bot
Odaily Planet Daily News CZ said in a post that he is currently conceiving an AI Bot called X Agent during his communication with BNB Chain developers, which can simulate the users style to tweet on the X platform. In the early stage of the project, the project will analyze the users historical tweets and hot trends to generate content that matches the individuals tone. In the future, it will support functions such as summarizing tweets, smart replies, and sentiment analysis. YZi Labs, which he founded, is interested in funding such projects and plans to adopt a subscription model denominated in BNB for monetization.
Lens Chain mainnet is now online
Odaily Planet Daily News: The L2 network Lens Chain built specifically for SocialFi has launched its mainnet. The functions provided by Lens are as follows: Lens Chain: Use GHO stablecoin as gas for scalable, fast and low-cost transactions. Social Protocol (Lens V3): Pre-built social primitives such as accounts and groups. These primitives are flexible and modular and can be integrated into existing applications as separate functions. Grove: On-chain permissioned storage of user-controlled content. Developer Dashboard: Manage applications, easily guide users and integrate without coding expertise.
Babylon: There will be no transfer lock-up restrictions on tokens obtained from airdrops
Odaily Planet Daily News Babylon responded to early adopter airdrops on social media and said that the early supporter airdrops cover: Bitcoin staking first-phase stakers, delegated first-phase finality providers, and contributors to specific open source GitHub code bases. All first-phase stakes (whether accepted, overflowed, unbound or extracted) will usually receive airdrop allocations, and the tokens obtained by the airdrop will not be subject to transfer lock-up restrictions. In addition, Babylon also confirmed that the Labs points program was terminated on April 2.
Mind Network announces details of first airdrop of FHE token
Odaily Planet Daily News: Fully homomorphic encryption (FHE) infrastructure Mind Network officially opened FHE token airdrop inquiries today. Users can now go to the official website to check the airdrop amount. This airdrop is aimed at five types of users, including CitizenZ Passport NFT holders, $vFHE delegation and mainnet participants, invitation activities, AgentConnect Hub registration, community contributors, etc. Officials said that this airdrop aims to thank early supporters and active users for their contributions to the ecosystem and promote the development of FHE technology and Agentic AI ecology. According to data, Mind Network has previously completed US$12.5 million in financing, and investors include YZi Labs, Animoca and many other well-known institutions.
Web3 social app Phaver has ceased operations, and its token price has fallen 99% since TGE
Odaily Planet Daily News According to DeFi researcher Ignas, the Web3 social media application Phaver has ceased operations and its token price has fallen by 99% since the TGE in September 2024.
Phaver team members said that, first, there were technical problems with TGE and airdrops, which prevented users from receiving their tokens in time, causing FUD; second, Phaver paid more than $1 million for the launch of 5 CEXs; third, due to low market sentiment, the team did not sell tokens during TGE, resulting in insufficient operating funds. As a Finnish company, Phaver also needs to pay 1 to 2 months of severance pay for its employees.
Some former team members are developing SocialDAO to find new uses for SOCIAL tokens.
Odaily Planet Daily News: Neon Machine, the developer of the encrypted shooting game Shrapnel, is facing serious financial difficulties. So far, the company has spent nearly $86.9 million in operating funds, and its revenue in 2024 reached $21.7 million, but the high operating costs of about $33 million have prevented it from making a profit, with a net loss of $11.4 million.
Sources said that Neon Machines monthly capital consumption is as high as 2 million to 3.5 million US dollars. It is currently in a state of cash exhaustion, with a large amount of outstanding debt and millions of dollars owed to external suppliers. Neon Machines new round of financing originally scheduled to be completed in early 2025 also failed to land. Previously, the company completed a $20 million Series A financing in October 2023, led by Polychain Capital.
Not only that, the companys staff has also dropped sharply from nearly 100 people at its peak to only a dozen people. Currently, only a very small number of people are actually involved in the development of Shrapnel. In order to extend cash flow, the company has implemented at least three rounds of layoffs and asked high-paid employees to voluntarily reduce their salaries by about 20%. The Seattle-based office was also closed at the end of March.
Despite this, the company still claims that it is in its strongest state ever and plans to launch Shrapnel globally by the end of 2025. However, several people close to Neon Machine are skeptical about whether the game can be successfully launched, saying that the project has not been completed and the funds have been exhausted. (Blockworks)
Character*Voice
Odaily Planet Daily reported that CZ said at the BNB Super Meetup that Meme should not be the only thing in the cryptocurrency circle. The current community mentality is not very healthy. The cryptocurrency circle needs long-term projects and needs to support long-term builders.
GMGN Co-founder: GMGN earned $60 million on Solana, and didn’t sell any and staked all of them
Odaily Planet Daily News: GMGN co-founder Haze said at the Hong Kong web3 Carnival that GMGN earned $60 million worth of Solana on Solana, but did not sell any and staked all. Before founding GMGN, he spent 4 years on on-chain data-related work. This included connecting on-chain addresses with Twitter, insider trading analysis, and on-chain address tags. Now, using GMGN to trade Solana meme coins only takes 0.58 seconds from on-chain to transaction completion, and Solanas average block time is 0.4 seconds.
Odaily Planet Daily reported that the well-known trader Eugene Ng Ah Sio posted on his personal channel that his BTC position that he built at the bottom last Friday (had reduced his position) had been automatically liquidated during todays decline because it fell below the stop loss price.
Last Friday, Eugene said that Bitcoins support level is very solid, and Bitcoins relative strength can no longer be ignored when the market plummets. He has already opened a position at $83,200 and believes that the bottom of the SP 5,100 points is credible. Any stock market recovery will theoretically boost Bitcoins surge.
