1. Binance Launchpool launches the 53rd project liquidity re-staking agreement Renzo (EZ)
Binance Launchpool launches the 53rd project liquidity re-staking protocol Renzo (EZ), and will launch EZ at 12:00 (UTC) on April 30, 2024, and open EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, EZ/TRY trading pairs. The maximum supply of EZ is 10 billion, of which Launchpool accounts for 2.5%, and the initial supply is 1.05 billion, accounting for 10.5%. Previously, Binance Labs announced an investment in Renzo. Because there is another project in the market that uses "EZ" as the code, which has caused confusion in the community, Binance has negotiated with the Renzo project team and decided to update Renzo's code from "EZ" to "REZ", and the change has taken effect immediately.
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2. BlackRock’s spot Bitcoin ETF has achieved net inflows for 70 consecutive days
That puts the financial giant’s ETF among the top 10 ETFs with the most days of daily net inflows. Earlier on Monday, Bloomberg senior ETF analyst Eric Balchunas tweeted a chart showing that if BlackRock’s IBIT fund manages to achieve its 70th consecutive day of net inflows, the exchange-traded fund would rank among the most successful funds in history.
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3. QCP Capital: According to historical patterns, BTC bulls still have a few weeks to build larger long positions
QCP Capital pointed out in its latest market report that the fourth BTC halving was completed on April 20 in the Asian morning, and although the spot price rose slightly over the weekend, the overall change was not significant. Based on historical patterns, the spot price may increase exponentially within 50-100 days after the halving, providing an opportunity to establish long positions. The market observed a continued large-scale purchase of BTC call options, especially ERKO options, showing good risk-reward. In addition, ETH risk reversals normalized to over -4%, indicating possible short-term covering and the resumption of leveraged longs.
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4. US presidential candidate Robert Kennedy Jr.: Hopes to put the entire US budget on the blockchain
U.S. presidential candidate Robert F. Kennedy Jr. said on Sunday that blockchain technology can play a key role in increasing government transparency, calling for a Web3 transformation of the federal budget. Robert Kennedy Jr. said, "I will put the entire U.S. budget on the blockchain so that every American can view every budget line item in the entire budget 24 hours a day."
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5. Reuters: Venezuela will accelerate cryptocurrency transition as oil sanctions return
Venezuela's state-owned oil company PDVSA plans to increase the use of digital currencies in its crude and fuel exports as the United States reimposes oil sanctions on Venezuela. The U.S. Treasury Department last week asked PDVSA's customers and suppliers to end transactions by May 31. The move will make it harder for Venezuela to increase oil production and exports. PDVSA has been slowly switching to USDT, whose value is pegged to the U.S. dollar, in oil sales since last year. People familiar with the matter said the restoration of oil sanctions is accelerating the shift, a move to reduce the risk that sales revenue will be frozen in foreign bank accounts due to sanctions. Venezuelan Oil Minister Pedro Trechea said digital currencies may be the preferred payment method in certain contracts.
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6.SEC seeks $5.3 billion in disgorgement and civil penalties from Terraform Labs and Do Kwon
The SEC filed a motion for $5.3 billion in disgorgement and civil penalties after a jury found Terraform Labs and Do Kwon liable in the fraud. In an April 19 filing with the U.S. District Court for the Southern District of New York, the SEC requested that Kwon and Terraform pay approximately $4.7 billion in disgorgement and prejudgment interest, as well as a combined civil penalty of $520 million — $420 million from Terraform and $100 million from Kwon.
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