● The total market value of cat-themed tokens exceeded US$2 billion, and Solana ecological Memecoin MEW increased by 159.2%
According to Odaily Planet Daily, according to data from Coingecko, the total market value of cat-themed tokens has exceeded US$2 billion. Among them, Solana ecological Memecoin MEW has a 24-hour increase of 159.2% and is now at $0.007094.
● Memecoin market popularity is rising, and more than 122 million US dollars of tokens have been pre-sold on the Solana blockchain
According to Bloomberg, although Bitcoin has entered the mainstream investment market this year, the popularity of the Meme currency market continues to rise in discussions in the cryptocurrency industry. Currently, the meme coin craze is heating up on the Solana blockchain. According to data compiled by crypto sleuth ZachXBT, more than $122 million in Solana tokens were raised in a so-called pre-sale ahead of the new coin’s launch.
● Financing of cryptocurrency and blockchain companies exceeded US$1.4 billion in March, an 18-month high
According to BlockBeats, data from The Block Deals Dashboard showed that total financing for cryptocurrency or blockchain companies exceeded $1.4 billion in March, the highest monthly level since September 2022. The main driving force for the increase in financing volume in March was the significant increase in early-stage investment cases, including more than 20 Series A financing cases. John Dantoni, director of research at The Block, pointed out that March’s landmark performance was partly due to the surge in early-stage (Series A) investment, with more than 20 early-stage investment cases in the month, much higher than the nine cases in February.
● Bitwise CEO: Bitcoin halving in 2024 may become the most influential event in history
According to the Odaily Planet Daily report, Bitwise CEO Hunter Horsley posted on the X platform that the Bitcoin halving in April 2024 may be the most influential in history. The reason is that the last Bitcoin halving occurred in 2020, the price of Bitcoin was about $9,000, and the supply reduction was about $9 million per day, or about $3 billion per year. In this Bitcoin halving, the price of Bitcoin is about US$70,000, and the supply reduction in US dollars will increase by more than three times: about US$32 million per day, and about US$11 billion per year. The number of organic sales decreased significantly, while at the same time people's demand continued to grow.
● Ripple announces XRP Ledger technology progress: EVM sidechain bridging and AMM function updates
According to Odaily Planet Daily, Ripple announced two major technical developments for XRP Ledger (XRPL) through its development arm RippleX, including the launch of a new version of the Ethereum Virtual Machine (EVM) sidechain bridge and updates in the developer network (devnet) XRPL’s automated market maker (AMM) functionality. These two improved features are critical to Ripple’s strategy to enhance XRPL’s cross-border payments and DeFi capabilities.
