Today's news tips:
OpenAI may release ChatGPT version of search engine on May 9
Visa Research Report: More than 90% of Stablecoin Transactions Are Not from Real Users
ZeroLend: ZERO Token Claiming and Staking Now Live
Tiger Brokers (Hong Kong) officially launched virtual asset trading services, currently only available to professional investors
Puffer Finance: Mainnet will be launched this Wednesday
Data: Tokens worth approximately $36.16 million will be unlocked next week
Market: Bitcoin breaks through $65,000, Ethereum breaks through $3,200
Bitcoin network transactions have exceeded 1 billion
AI
OpenAI may release ChatGPT version of search engine on May 9
According to Jinshi.com, a Reddit user revealed that OpenAI may announce its ChatGPT search product on May 9 to compete with Google. It is reported that OpenAI will launch a search webpage, the search.chatgpt.com domain name and related SSL certificates have been created, and it is expected to go online on May 9 this week. OpenAI officials have not yet responded to this news.
Project News
Visa Research Report: More than 90% of Stablecoin Transactions Are Not from Real Users
More than 90% of stablecoin transaction volume does not come from real users, according to a new metric co-developed by Visa, suggesting that such crypto tokens may be a long way from becoming a commonly used means of payment, according to Bloomberg. The dashboard by Visa and Allium Labs is designed to isolate transactions conducted by real people by eliminating transactions initiated by robots and large-scale traders. Visa said that of the total transaction volume of about $2.2 trillion in April, only $149 billion came from "real-world payment activities." Visa's findings challenge the argument of stablecoin supporters that these tokens pegged to assets such as the US dollar will disrupt the $150 trillion payment industry. PayPal and Stripe are among the fintech giants entering the stablecoin space, with Stripe co-founder John Collison bullish on the tokens in April due to "technical improvements." Pranav Sood, executive general manager for EMEA at payment platform Airwallex, said of the data: "This shows that the development of stablecoins as payment tools is still in a very early stage, which does not mean that they do not have long-term potential, because I think they do. But the focus in the short and medium term needs to be on ensuring that the existing system works better."
Binance will stop supporting all BIDR products and services, and encourages users to convert BIDR to other tokens before August 20
According to the official announcement, as Binance regularly reviews its product offerings to focus on products that best meet user needs, Binance will stop supporting all BIDR products and services according to the following schedule. Users are encouraged to trade BIDR assets for other available assets on Binance or convert BIDR to other cryptocurrencies on Binance Conver before the BIDR service is terminated. Starting from 16:00 on August 20, 2024, Beijing time, the remaining BIDR balance in the user's Binance account will be automatically converted to FDUSD based on the real-time exchange rate of xe.com.
Binance will delist all existing BIDR spot trading pairs (i.e. BTC/BIDR, ETH/BIDR, and USDT/BIDR) at 11:00 on May 17, 2024 (UTC). Binance Margin will delist USDT/BIDR isolated margin trading pair at 14:00 on May 10, 2024 (UTC). Binance Futures will delist all BIDR trading pairs at 12:00 on May 13, 2024 (UTC). Binance Pay will remove BIDR from the list of supported stablecoins at 11:00 on May 13, 2024 (UTC). Binance Auto Invest will delist BIDR after 10:00 on May 11, 2024 (UTC). Binance Simple Earn will delist BIDR after 11:00 on May 14, 2024 (UTC). Binance P2P will delist all BIDR trading pairs at 11:00 am Beijing time on May 16, 2024, and Binance Gift Cards will delist BIDR at 11:00 am Beijing time on May 17, 2024.
ZeroLend: ZERO Token Claiming and Staking Now Live
The decentralized multi-chain lending protocol ZeroLend announced on the X platform that ZERO token claiming and staking are now online, contract address (CA): 0x78354f8dccb269a615a7e0a24f9b0718fdc3c7a7.
ApeCoin DAO has passed the proposal to create an NFT Launchpad powered by APE
The Snapshot governance page shows that the ApeCoin DAO community recently passed the "Create an NFT Launchpad powered by APE" proposal vote, with a final support rate of 88.69%. The proposal aims to establish an NFT Launchpad that uses APE as a currency to mint NFTs on the ERC-20 network, providing creators with a platform for minting, displaying and trading their NFTs, thereby increasing the practicality and adoption of Ape as a token. According to the implementation steps and schedule, the design and planning of the front-end platform UI/UX is expected to take 1 month, the design and planning of the front-end platform UI/UX is expected to take 2 months, and the Alpha and Beta testing of the platform with the team and relevant partners is expected to take 1 month, after which the platform will be open to the public after the audit is completed.
Yuga Labs co-founder: ApeChain's second testnet will be launched this month, and the mainnet will be launched in the summer
Yuga Labs co-founder Garga.eth recently stated on the X platform that Horizen, Caldera and Arbitrum are making the ApeCoin-based Layer 3 network ApeChain a reality. The first ApeChain testnet "Jenkins" was launched in April. The second testnet "Curtis" will be launched in May. The mainnet will be launched later this summer.
Garga.eth also said that it will open the alpha version of ODK, an extension of MSquared World Builder, to a small number of creators in the next two weeks, putting the construction tools in the hands of the community, testing the platform with a small group of people first, but will open it to all Otherdeed holders as soon as possible.
In addition, a special project codenamed Project Dragon will be launched in July. This is a large-scale multiplayer event where thousands of players compete in Metropolis City. Starting in July, there will be a Project Drago event every month. Garga.eth also disclosed that Yuga Labs has reached an agreement with the metaverse project SomniaSomnia so that all Otherdeed, Koda, BAYC, and MAYC holders can complete tasks and accumulate Somnia points for participation in Otherside development and the next Somnia mission season. And the prize money will be greatly increased, ensuring that a large amount of rewards flow to Otherside holders who build the virtual universe.
Tiger Brokers (Hong Kong) officially launched virtual asset trading services, currently only available to professional investors
According to the Hong Kong FX News, Tiger Brokers (Hong Kong) announced that it has officially launched virtual asset trading services, becoming the first batch of technology brokers in Hong Kong to support the trading and management of traditional securities and virtual assets on one platform. Currently, professional investors in Hong Kong can trade 18 virtual assets including Bitcoin (BTC) and Ethereum (ETH), as well as various global assets such as stocks, options, futures, US Treasury bonds, funds, etc. at an affordable cost through Tiger Trade, the flagship investment platform of Tiger Brokers, without having to open and manage different accounts at different brokers and platforms. Tiger Brokers will provide competitive transaction rates. The commission for virtual asset trading is as low as 0.2% of the transaction amount, and the custody fee is waived. Through Tiger Trade's easy-to-use interface platform, registered users in Hong Kong can also view real-time quotes and rankings of virtual assets, and keep up with the market conditions of virtual assets anytime and anywhere. In addition, Hong Kong dollars and US dollars can also be exchanged instantly on a T+0 basis in the Tiger Trade App. Currently, Tiger's virtual asset trading services are only available to professional investors. Eligible users, i.e. Hong Kong residents with an investment portfolio of more than 8 million yuan or corporations with assets of more than 40 million yuan, can participate in virtual asset trading by submitting professional investor information on the Tiger Trade APP, completing investor training required by the SFC and signing an agreement. In the future, Tiger Brokers plans to extend virtual asset trading services to retail investors, subject to regulatory requirements. In addition, the company will also consider adding virtual asset spot deposit and withdrawal services.
Jack Dorsey leaves decentralized social network Bluesky’s board of directors
Jack Dorsey has left the board of Bluesky, a decentralized social network, according to Bloomberg. He helped fund and promote the service a year ago due to regrets over Twitter's sale to Musk. The Twitter co-founder took to the Musk-owned platform, now renamed X, to promote his new charitable donation to open internet protocols, which he described as "freedom technology." He also added X to such technologies, only to elaborate that businesses can also build on open protocols. Dorsey whittled down the list of people he follows on X to three people: Musk, Edward Snowden, and Stella Assange, the wife of the jailed WikiLeaks publisher. This shows a clear warming relationship between the owner of X and Dorsey, who posted on Bluesky a year ago that "everything went wrong" after Musk took over Twitter and overhauled it.
Cyber Capital founder further questions Sui Foundation’s response on token model
In response to Sui’s official response to questions about its SUI token model, Justin Bons, founder and chief investment officer of crypto venture capital fund Cyber Capital, commented: “It turns out that all of SUI’s ‘unallocated’ supply has already been allocated... ‘Every token that will be released has been allocated’ (Sui’s official statement), so who is being dishonest here? 84% of the staked supply of SUI tokens is still controlled by its ‘founders’. Critics took a screenshot of the website that SUI cited in its response, which did not even include the 52% ‘unallocated’ supply, which now turns out to be allocated to the foundation. For the 2030 unlock of this ‘unallocated’ supply, The foundation has given itself a legal fallback with just an unsecured promise. Custodians generally don’t provide locking services, so making these legal contracts public would make the claim more credible. That way, you’d have to trust the foundation and the custodian. Even then, it’s far from ideal. SUI has no locking mechanism on-chain at all; it can be transferred. At least now we know who controls the ‘unallocated’ supply. Calling a large amount of supply ‘unallocated’ and then admitting that it has been allocated to the foundation. This is a wake-up call; given the history of cryptocurrency, SUI should improve its communication methods. ” Justin Bons to the Sui Foundation: “If you are also committed to transparency; please stop calling the allocated staked supply ‘unallocated’ and prove to us that you cannot transfer those SUI. Otherwise, we will continue to expose the hypocrisy of your transparency claims.”
Puffer Finance: Mainnet will be launched this Wednesday
Puffer Finance, an Ethereum liquidity staking protocol, announced on the X platform that Puffer’s mainnet will be launched this Wednesday and the 5x Puffer points event will end.
Important data
Bitcoin network transactions have exceeded 1 billion
According to Cointelegraph, Clark Moody data shows that the 1 billionth transaction on the Bitcoin network has been completed. The transaction was generated at block height 842,241 at 05:34:43 on May 6, Beijing time. It has been 15 years, 4 months and 4 days since the anonymous founder of Bitcoin, Satoshi Nakamoto, mined the first block on the network on January 3, 2009. This means that in the 5,603 days of Bitcoin's existence, an average of 178,475 transactions were conducted every day. However, the transaction count does not include transactions conducted on the Lightning Network.
Data: Tokens worth approximately $36.16 million will be unlocked next week
According to Token Unlocks data, MAVIA and other tokens will have a one-time large-scale unlock next week, with a total unlock value of approximately $36.16 million. Among them: Heroes of Mavia (MAVIA) will unlock approximately 7.66 million tokens at 8:00 a.m. Beijing time on May 6, accounting for 24.29% of the circulation, worth approximately $30.25 million; Hashflow (HFT) will unlock approximately 13.62 million tokens at 8:00 a.m. Beijing time on May 7, accounting for 3.46% of the circulation, worth approximately $4.22 million; Moonbeam (GLMR) will unlock approximately 3.04 million tokens at 8:00 a.m. Beijing time on May 11, accounting for 0.35% of the circulation, worth approximately $930,000; Euler (EUL) will unlock approximately 67,900 tokens at 11:20 p.m. Beijing time on May 9, accounting for 0.36% of the circulation, worth approximately $390,000.
Market: Bitcoin breaks through $65,000, Ethereum breaks through $3,200
The price of Bitcoin broke through $65,000 and is now at $65,100, up 1.02% on the day. In addition, the price of Ethereum broke through $3,200 and is now at $3,210.97, up 1.6% on the day.
FRIEND's top five buyers have accumulated a floating profit of nearly $3 million
According to Lookonchain monitoring, the top five buyers of friend.tech token FRIEND have accumulated a floating profit of $2.89 million. The market shows that FRIEND is currently trading at $2.62, a 24-hour increase of 67.1%.
A venture capital firm owned by the founder of Polygon has transferred a total of 21,519 ETH to CEX in the past seven days
According to on-chain analyst @ai_9684xtpa, Symbolic Capital Partners, a venture capital firm founded by the founder of Polygon, seems to have been selling ETH recently. The firm has deposited 4,205 ETH worth $13.18 million to Binance in the past 18 hours, and has transferred a total of 21,519 ETH in the past seven days, with a total value of up to $66.79 million.
The amount of ETH destroyed yesterday was only 610 ETH, a new low this year.
According to The Block, Ethereum gas fees are currently hovering between 5 and 10 gwei, one of the lowest levels so far this year. The decline in network fees has led to a decrease in the amount of ETH destroyed. On Sunday, the number of ETH destroyed was only 610 ETH, a new low so far this year. In contrast, the daily ETH destruction in the first four months of this year remained above 2,500-3,000 ETH.
According to Ultrasound.money, Ethereum's supply has already seen inflation over the past week, with a supply growth rate of 0.49%, which is the opposite of its previous deflationary nature. If activity picks up and more ETH is destroyed than issued, it will fall into deflation again.
Data: The transaction volume of 6 Hong Kong virtual asset ETFs reached HK$60.4343 million today
Hong Kong stock market data shows that the six Hong Kong virtual asset ETFs all rose sharply today. As of the close, the transaction volume of the six Hong Kong virtual asset ETFs today reached HK$60.4343 million. Among them, the transaction volume of Huaxia Bitcoin ETF (3042.HK) was HK$25.1414 million, the transaction volume of Huaxia Ethereum ETF (3046.HK) was HK$3.7855 million, the transaction volume of Harvest Bitcoin ETF (3439.HK) was HK$13.3317 million, the transaction volume of Harvest Ethereum ETF (3179.HK) was HK$3.1312 million, the transaction volume of Bosera HashKey Bitcoin ETF (3008.HK) was HK$12.4751 million, and the transaction volume of Bosera HashKey Ethereum ETF (3009.HK) was HK$2.5694 million.
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