currencies on the in good areas like first entry $MANTA ($0.7) $PIXEL (0.13$) $NFP ($0.20) $PORTAL ($0.23) $REZ (0.04$) $BB ($0.27) $AEVO ($0.3) $ALT (0.075$) $JTO ($1.8) $JUP (0.7$)
New projects are very risky As well as its success gives very great opportunities.
This news has made me realize how important cryptocurrency and blockchain technology can become major players in our society.
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Binance News
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Weekly Market Highlights - EigenLayer Mainnet Goes Live
12 April 2024
Macro/TradFi
The SEC has postponed its decision on allowing the NYSE to offer options trading on spot Bitcoin ETFs. The next decision deadline is set for May 29.
U.S. consumer price index (“CPI”) came in above analysts’ expectations in March. CPI was up 0.4% MoM and 3.5% YoY, as compared to expectations of 0.3% MoM and 3.4% YoY.
Crypto
L1/L2:
HashKey Group has unveiled an Ethereum zk-L2 chain called HashKey Chain. The chain will use a native token, HSK, to incentivize ecosystem contributors. HashKey Chain plans to roll out its testnet in the coming six months, with the launch of the mainnet expected within the span of a year.
L1 blockchain Saga has announced the launch of its mainnet, aiming to allow developers to automatically spin up VM-agnostic, parallelized and interoperable dedicated chains, or “Chainlets”.
Monad Labs has completed a US$225M funding round led by Paradigm. Monad is a L1 blockchain that aims to introduce parallel execution and superscalar pipelining to the EVM.
Developers of Solana are aiming to roll out a fix by mid-April for a bug that has led to a spike in the transaction failure rate on Solana.
A16z Crypto has launched an initial implementation of a “zkVM” solution called Jolt.
TON Foundation has just airdropped 300K TON (~US$2.19M) to active meme coin traders on DeDust.io and STON.Fi.
DeFi:
EigenLayer has announced the official launch of its mainnet and the release of EigenDA, a data-availability service from the team behind EigenLayer.
Following a 9.5 hours halt, the dYdX chain has resumed block production. The halt was triggered by the inclusion of an incorrect version of a bug fix in a system upgrade.
New memecoin launch and trading platform pump.fun has generated over US$5.2M in revenue since its launch in March. The platform aims to enable users to launch a new token that can be traded instantly, without seed liquidity, for less than $2.
Solana-based DEX Zeta Markets is set to launch its governance token Z. 10% of its 1B total supply will be distributed through an airdrop.
Uniswap Labs has received a Wells Notice from the US SEC. Uniswap Labs has published a blog post and reaffirmed the continued availability of Uniswap’s product suite.
Stablecoin:
MakerDAO has raised its debt ceiling to US$1B for Dai allocations in Ethena’s USDe and sUSDe markets through lending market Morpho.
Circle has announced the expansion of its Web3 Services and Tools suite to the Solana blockchain to enhance USDC’s accessibility for enterprises and builders.
FDUSD has expanded to the Sui blockchain, after being available on Ethereum and BNB Chain. FDUSD is the fourth largest stablecoin by market capitalization, behind USDT, USDC, and DAI.
NFT:
The Tensor Foundation which oversees the Solana NFT marketplace Tensor, has launched the governance token TNSR. TNSR was airdropped to Tensor’s NFT marketplace users.
Other:
SocialFi dApp Friend.Tech has seen an uptick in activity and value locked. Over US$7M has entered the Friend.Tech ecosystem in the past week, bringing TVL to around US$40M.
MetaMask has partnered with onchain project Daylight to let users verify airdrop eligibility and potential NFT claims.
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It seems BTC is forming a type of triangle pattern, once it crosses above the upper trendline and the 71900 area, it shall thrust towards 80k channel and then +100k area. (first scenario)
Dropping below the 64500 area is the sell trigger and can dump the whole market.