As of May 20th, NFT purchases will no longer be supported by PayPal's buyer protection plan. In addition, NFT sales worth over $10,000 will not be protected against false claims and refunds. Their website shows that PayPal issued a notice on March 21st, announcing plans to stop providing protection for some NFT-related transactions. However, these changes have not yet been reported.
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According to Golden Finance, Santiment, a cryptocurrency intelligence platform, stated that since April 4th, Bitcoin has fallen below $67,000 for the first time, and in the past day, the liquidation volume of Bitcoin contracts has exceeded $850 million. The SP500 and gold prices also fell along with cryptocurrencies, indicating concerns about CPI and inflation are emerging in various industries.
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Shanghai Wowo Universe Digital Technology Co., Ltd. (referred to as "Wowo Universe" or "UOVAMETA"), a subsidiary of Beijing Yuanlong Yatu Culture Communication Co., Ltd., has completed its first round of strategic financing worth tens of millions of yuan. Lehua Entertainment, Alibaba Pictures, and others participated in the investment, while the parent company Yuanlong Yatu also participated in the capital increase and share expansion. This financing will help UOVAMETA further improve its AI and Web3 industry chain layout, laying a solid foundation for the development and expansion of future platform products.
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Aave Labs announced that its stablecoin GHO has achieved cross-chain transfer on the testnet. By using Chainlink's Cross-Chain Interoperability Protocol (CCIP), users can now seamlessly transfer GHO between various test networks (including Base and Arbitrum), and are planning to soon expand to networks such as Optimism and Avalanche.
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According to the year-end financial report of parent company Streami, Gopax, a South Korean cryptocurrency exchange supported by Binance, incurred a net loss of 51.3 billion Korean won (approximately $37 million) in 2023, and a net loss of 90.6 billion Korean won in 2022. The trading platform is one of five fully licensed cryptocurrency exchanges in South Korea, and its performance improved year-on-year in 2022, with revenue growing by 97% to 3.1 billion Korean won and net operating losses decreasing by 78% to approximately 17 billion Korean won. At the same time, most of Gopax's losses in 2023 were related to funds associated with Genesis Global Capital. Genesis Global Capital experienced a liquidity crisis due to its involvement with FTX and announced a suspension of withdrawals in November 2022. According to the financial report, Genesis is the operator of Gopax's cryptocurrency custody service GoFi, which still owes users 63.7 billion Korean won. (The Block)
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Due to the rising prices of virtual assets such as Bitcoin, the management of virtual asset futures ETFs in Hong Kong has also skyrocketed. Taking the Southern Dongying Bitcoin Futures ETF as an example, as of April 9th, its management assets have grown from $53.89 million to $119 million. Currently, there are three virtual currency ETFs listed in Hong Kong, all of which are virtual asset futures ETFs, mainly issued by Southern Dongying and Samsung Asset Management (Hong Kong). All three products participate in the trading of Bitcoin and Ethereum futures listed on the CME using margin. The Hong Kong Securities and Futures Commission is reportedly set to announce the first list of Bitcoin spot ETFs in Hong Kong on April 15th.
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Scopescan monitoring shows that over the past 4 days, a whale has accumulated 668,000 PENDLE tokens worth $4.49 million on Binance.
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DePIN project GEODNET Foundation announced the completion of over $2 million in strategic financing, with participation from CoinFund, Pantera Capital, VanEck, and Santiago R. Santos.It is reported that GEODNET is a blockchain-based global navigation network, and its real-time dynamic (RTK) network has registered more than 5,000 GPS/GNSS reference stations.
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Cryptocurrency exchange Kraken announced the release of its self-custody cryptocurrency wallet, which can be used by Kraken users and non-users. The wallet will initially support eight blockchains, including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon, and Dogecoin. The Kraken wallet is open source, and developers can access and contribute to the code. Kraken will also pay developers who discover vulnerabilities through its open source sponsorship program so they can improve the wallet in case of errors. Kraken states that the wallet will collect "the absolute minimum amount of data required as wallet functionality," which aligns with the privacy principles valued by many cryptocurrency users.
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On April 12th, asset management company BlackRock reported in its earnings call on Friday that its more than 400 types of ETF fund series had a net inflow of $67 billion in the first quarter of this year. According to data from ETF.com, the capital inflow of its spot Bitcoin ETF IBIT reached $13.9 billion, accounting for 21% of its total ETF capital flow, or more than one-fifth.
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Data analyst Yu Jin monitored that a whale address withdrew 150,000 PENDLE (approximately $920,000) from Binance half an hour ago. This address has withdrawn a total of 1.411 million PENDLE (approximately $8.82 million) from Binance in the past 6 days.
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