● The crypto market experienced a sharp correction, with multiple altcoins falling rapidly in a short period of time, and the MEME coin sector saw a large drop
According to Odaily Planet Daily, market conditions show that with the sharp correction in the crypto market, multiple altcoins fell rapidly in a short period of time, and the MEME coin sector fell significantly.
● Fed's Daly: There is no urgency to cut interest rates, and we need to have full confidence that the inflation rate will reach 2% before taking action
According to Odaily Planet Daily, Fed President Daly said that there is no urgency to cut interest rates, and it is necessary to wait until there is full confidence that the inflation rate will move towards 2% before cutting interest rates. He stressed that there is no reason to be surprised by the bumpy road of inflation decline, and we are moving towards the goal of reducing inflation to 2% as gently as possible.
● Santiment: SP500 and gold together with cryptocurrencies pullback, indicating that inflation concerns are emerging in all walks of life
According to Golden Finance, crypto intelligence platform Santiment said that Bitcoin fell below $67,000 for the first time since April 4, and the liquidation volume of Bitcoin contracts exceeded $850 million in the past day. SP500 and gold prices also pulled back along with cryptocurrencies, indicating that concerns about CPI and inflation are showing up in all walks of life.
● Hong Kong Bitcoin and Ethereum spot ETFs are about to be listed
According to Foresight News, people familiar with the matter revealed that Hong Kong's Bitcoin spot ETF will be traded as early as the end of April, and the Ethereum spot ETF will be traded as early as May.
● TI Research: The total transaction volume of the top 10 exchanges in Q1 was approximately US$17 trillion
According to Odaily Planet Daily, TokenInsight released a report on crypto exchanges for the first quarter of 2024. Data showed that the total trading volume of the top 10 exchanges in Q1 was approximately US$17 trillion, up 72.5% from Q4 2023. Binance continued to lead the market with nearly half of the trading volume share.
● Binance CEO Richard Teng: Embracing the new future of Bitcoin halving, Binance is adjusting the inscription market series of related products
Richard Teng, CEO of Binance, wrote in a blog post on Binance that the Bitcoin halving is coming, and Binance will welcome the Bitcoin halving through a series of measures and fine-tune its product suite to adapt to the development of Bitcoin. As one of the few multi-chain wallets that supports both ARC-20 and BRC-20 inscriptions, Binance's Web3 wallet and inscription market simplify the trading, minting and management of inscription assets. The main functions of the market include supporting more than 60,000 BRC-20 tokens and one-click transfers between exchanges and Web3 wallets.
● BNB Chain will conduct opBNB mainnet Snow hard fork upgrade on April 15
According to Odaily Planet Daily, BNB Chain posted on the X platform that the opBNB mainnet Snow hard fork upgrade will start at 14:00 on April 15. The goal of this upgrade is to optimize the L1 gas price of all L2 transactions, reduce it to 1 gwei and set automatic adjustment.