● BNB Chain released the 2024 Q1 ecological report, with DAU reaching 1.4 million and the total number of unique addresses increasing by 5.3%
According to ChainCatcher, BNB Chain released its ecological report for Q1 2024. The report shows that BNB Chain is still committed to the "One BNB" multi-chain solution strategy, realizing the integration of BSC, opBNB and Greenfield, meeting all decentralized computing and storage needs of Web3 Dapp, making BNB Chain the first choice for Web3 developers. In addition, the average daily active users (DAU) of BNB Smart Chain reached 1.4 million, making it the first-layer (L1) blockchain with the most daily active users. At the same time, the total number of unique addresses on BSC increased by 5.3% to 435 million.
● US Bitcoin spot ETF had a net outflow of US$34 million yesterday
According to Odaily Planet Daily, HODL15Capital monitoring data showed that the US Bitcoin spot ETF had a total net outflow of US$34 million yesterday. Among all ETFs, only Grayscale GBTC experienced a net outflow.
● Bloomberg ETF analyst: It was thought that Hong Kong virtual asset ETF would take two years to reach US$1 billion, but it reached US$292 million on the first day
According to Odaily Planet Daily, Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that it had been predicted that it would take two years for the Hong Kong virtual asset ETF market to reach the $1 billion level, but it hit $292 million on the first day, which means that the view of the Hong Kong virtual asset ETF market needs to be readjusted. In addition, the Ethereum ETF accounts for 15% of the Hong Kong virtual asset ETF market share, and scale seems to be more important than lower fees in attracting investors on the first day. The higher-fee Huaxia Bitcoin ETF (3042 HK) led the gains with $124 million, while the Harvest Bitcoin Spot ETF (3439 HK) attracted $63 million and the Boshi Hashkey Bitcoin ETF (3008 HK) attracted $61 million.
● BNP Paribas buys BlackRock iShares Bitcoin spot ETF
According to ChainCatcher, BNP Paribas, Europe's second-largest bank, disclosed in a 13F filing on May 1 that it had purchased 1,030 BlackRock iShares Bitcoin Spot ETF (IBIT), equivalent to $41,684. Although the investment is small, it serves as a springboard for the bank in its pursuit of Bitcoin adoption. BNP Paribas' assets under management have reached $600 billion.
● Michael Saylor: SEC will designate Ethereum as a security and reject spot ETF applications in the summer
According to Golden Finance, MicroStrategy Executive Chairman and Co-founder Michael Saylor believes that the SEC will classify Ethereum as a security this summer and reject related spot ETF applications submitted by several asset management companies including BlackRock.
● Block plans to increase its Bitcoin holdings regularly
According to TechFlow, Jack Dorsey's payment company Block (SQ) has begun a regular investment plan to increase its existing Bitcoin (BTC) holdings. The company decided to use 10% of its monthly Bitcoin-related gross profits to purchase additional Bitcoins, and plans to do this every month for the rest of 2024.
● Analysis: Both FOMC and QRA are more dovish than expected
According to Wu, QCP analysis pointed out that both the FOMC and QRA were more dovish than expected. At the FOMC meeting, Powell said that the Fed does not intend to raise interest rates. For QRA, the Treasury will keep longer-term issuance unchanged, reducing concerns about a surge in long-term yields. This should help to suppress the dollar's gains, which is good for risky assets.
