Daily Quotes (April 12, 2024 20:16)
ChainDD's market data on April 12 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $69,641.58, down about 0.54% in 24 hours;
ETH was at $3,456.36, down about 1.53% in 24 hours;
BNB was at $610.54, up about 1.44% in 24 hours;
DOGE was at $0.1919, down about 0.19% in 24 hours;
DOT was trading at $8.17, down about 0.97% in 24 hours.
Chain Circle Dynamics
The 185th ACDE meeting: EIP2935 and EIP3074 have been confirmed to be included in the Prague upgrade
The 185th meeting of the Ethereum Core Developer Executive Conference (ACDE) was held. Developer timbeiko.eth compiled the meeting minutes, including:
·EIP 2935 and 3074 have been confirmed to be included in the Pectra upgrade (Prague upgrade);
·EOF and EIP 7623 have entered the category of consideration for inclusion (CFI), and a final decision is expected soon;
EIP-7667 and Verkle migration have been considered for Osaka upgrade.
The Ethereum Foundation officially approved the ERC-7621 proposal and merged it into the draft standard
Tokenized fund management protocol Alvara Protocol announced that the Ethereum Foundation officially recognized the ERC-7621 proposal and merged it into a draft standard. The ERC-7621 standard allows the creation of tokenized funds backed by multiple assets on the blockchain. Anyone can deploy a BTS (basket token) containing multiple ERC-20 tokens, which brings unprecedented flexibility to fund management. The key features of BTS include:
1. Transferable BTS tokens and management rights;
2. Fungible liquidity provider tokens (BTS LP), representing the holder’s share in the fund;
3. Flexible portfolio adjustment function, allowing managers to modify token types and weights, supporting automatic or manual rebalancing.
ERC-7621 improves many problems in traditional fund management by increasing transparency and decentralization, simplifying management processes, and increasing accessibility to investment opportunities.
BNB Chain: opBNB mainnet Snow hard fork upgrade will start at 14:00 on April 15
BNB Chain posted on the X platform that the opBNB mainnet Snow hard fork upgrade will start at 14:00 on April 15. The upgrade aims to optimize the L1 gas price of all L2 transactions, reducing it to 1 gwei and setting automatic adjustment.
Ordinals founder: Ordinals has released version 0.18.1, adding key fixes and improvements
Casey Yu X, founder of Bitcoin NFT protocol Ordinals, said that Ordinals has released version 0.18.1, which adds key fixes and improvements, and recommends that all users upgrade.
The updates include: the number of confirmations submitted for Bitcoin Core block height is greater than the actual number of confirmations as of the inscribed transaction block; a new turbo flag is added when issuing inscriptions (users can choose not to add it); and a deviation error in the wallet that caused increased ord waiting time was fixed.
Cryptocurrency News
BlackRock: IBIT’s Bitcoin holdings as of April 11 exceeded 269,000 BTC
BlackRock updated its official data showing that as of April 11, its spot Bitcoin exchange-traded fund IBIT's Bitcoin holdings had reached 269,313.7728 BTC, an increase of approximately 3,212 BTC from the previous day, with a market value of approximately US$18,924,692,278.95. The current number of outstanding shares has risen to 48,689,181.
Ethereum on-chain DEX transaction volume exceeded US$2.4 billion yesterday
DeFiLlama data shows that the transaction volume of Ethereum's on-chain DEX on April 11 was US$2.408 billion, ranking first.
In addition, the BSC on-chain DEX had a transaction volume of US$976.66 million yesterday, ranking second; the Solana on-chain DEX had a transaction volume of US$911.51 million yesterday, ranking third.
Bitcoin ecosystem Meme coin PUPS has a market value of US$565 million, ranking third in the BRC-20 token sector
CoinGecko data shows that Bitcoin ecosystem meme coin PUPS broke through $72, with a 24-hour increase of 55%; its market value reached $565 million, ranking third in the BRC-20 token sector, second only to ORDI and SATS.
According to CryptoSlam data, $PUPS BRC-20 NFTs 24-hour sales exceeded US$13 million, an increase of 373%.
BlackRock IBIT’s cumulative net inflow exceeded US$15 billion, and GBTC’s cumulative net outflow exceeded US$16 billion
According to Farside Investors, Bitcoin spot ETF has received a total net inflow of US$12.5858 billion since its launch. Among them:
-IBIT’s cumulative net inflow was US$15.1445 billion;
-FBTC’s cumulative net inflow was USD 8.0478 billion;
-BITB’s cumulative net inflow was USD 1.743 billion;
-ARKB’s cumulative net inflow was USD 2.2501 billion;
-GBTC’s cumulative net outflow was US$16.1059 billion.
Grayscale CEO: GBTC fees will decrease when Bitcoin ETF "begins to mature"
Grayscale CEO Michael Sonnenshein said fees on Grayscale's Bitcoin ETF will come down, but only when these products "start to mature."
HashKey has completed the development of infrastructure services related to the Hong Kong Spot Bitcoin ETF
Hong Kong-licensed cryptocurrency exchange HashKey has completed product functionality and related infrastructure services for a potential spot Bitcoin ETF in Hong Kong. According to reports, Hong Kong could approve such an ETF as early as next week.
HashKey Exchange CEO Livio Weng said that fund issuers working with HashKey have completed the development of their spot Bitcoin ETFs. HashKey will provide infrastructure support for the ETFs and has entered the "integration and functional testing" stage.
"As a fund provider applying for ETFs in Hong Kong, HashKey provides underlying infrastructure support, covering trading, custody and SSA aspects," said Weng, adding that HashKey's custody business has been operating stably for more than a year, with custody assets exceeding HK$2.2 billion (US$280.7 million).
HashKey did not disclose the asset management companies it is working with.
10x Research: After Bitcoin halving, miners may sell $5 billion worth of BTC, which will affect market dynamics in the next 4-6 months
10x Research published an analysis article stating that miners may sell $5 billion worth of BTC after the upcoming Bitcoin halving (expected to occur on April 20).
In the past few months, miners have been accumulating BTC inventory, causing an imbalance between supply and demand and driving up the price of Bitcoin. Research has found that Bitcoin's average increase before each halving is 32%. Altcoins, in particular, may be the first to be affected by this situation.
But the move by miners to sell $5 billion of BTC after the halving could disrupt market dynamics for the next 4-6 months. Just as Bitcoin prices tended to move sideways after the previous halvings, this selling pressure could also lead to a similar market reaction.
Blackstone Group CFO: Bitcoin ETF has attracted $14 billion in net inflows in Q1 since its launch in January
Blackstone Group’s chief financial officer said the Bitcoin ETF attracted $14 billion in net inflows in the first quarter after its launch in January.