● One-week token unlocking: OP unlocks tokens worth US$90 million
According to the Odaily Planet Daily report, 8 projects ushered in token unlocking events. A total of three projects have an unlocking ratio exceeding 2% of the circulating supply, namely YGG, PRIME, and OP. There are no large-scale unlocking projects this week.
● Solana Eco Meme Coin Rising
According to the Odaily Planet Daily report, market trends show that the Solana ecological Meme currency has generally risen. Among them: dogwifhat token WIF increased by 21.2% in 24H and is now quoted at $2.78.
● Macroeconomic indicators and analysis: The Federal Reserve remains on hold, the Bank of Japan raises interest rates, and the Swiss National Bank cuts interest rates.
According to Wu Shuo's report, the Federal Reserve continues to remain on hold as scheduled, with expectations of three interest rate cuts this year unchanged, and Powell's attitude is dovish. The Bank of Japan raised interest rates, raising the benchmark interest rate from -0.1% to 0-0.1%. This was the first time the Bank of Japan raised interest rates since 2007, and the eight-year era of negative interest rates officially ended. The Swiss National Bank unexpectedly announced a 25 basis point interest rate cut, lowering the benchmark interest rate from 1.75% to 1.5%. Focus on the Fed's most important inflation indicator, the core PCE price index, and speeches by officials such as Powell.
● Report: Old mining machines may be retired after the Bitcoin halving, and the estimated computing power will be reduced by 100 EH/s
As the halving approaches, obsolete ASIC Bitcoin miners are expected to be retired, although this depends on whether the price of hash power increases significantly. If this happens, older generation miners may continue to survive. The report concludes that if it is assumed that most of the hashrate growth since October 2023 comes from older mining machines, then Bitcoin’s hashrate is expected to correct to a low level of 500 EH/s after the halving, compared to the current A reduction of about 100 EH/s.
● L2 rollup gas cost reduced by 99% after Dencun upgrade
According to the Odaily Planet Daily report, Chainlink issued an article on the
● Three new projects have been added to the BNB Chain ecosystem
According to the Odaily Planet Daily report, from the week of March 16 to March 22, new projects in the BNB Chain ecosystem include: AlienSwap: NFT transaction layer protocol; Anome: NFT issuance and lending protocol for game assets; i3D: Integrating SocialFi crowd intelligence and Blockchain to identify and score promising startups.
● Dolomite successfully recovered 90% of stolen funds
According to Foresight News, the money market protocol Dolomite tweeted that it had successfully recovered 90% of the stolen funds and would announce the distribution plan, incident analysis report and log of the events to affected users. Previously, Dolomite’s old contract was attacked, resulting in a loss of approximately 2 million USDC.
