Arkham monitoring reported that Grayscale transferred 6035 BTC to Coinbase Prime address 15 minutes ago, and another 800 BTC to an address starting with bc1qt.
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The blockchain sports betting platform SX Network announced the completion of its strategic round of financing, led by Draper Dragon, with participation from CMCC Global, CMS Holdings, and multiple angel investors. The specific amount of financing has not been disclosed yet. SX Network only uses blockchain to enhance fairness and transparency, publishing every betting transaction on the blockchain. Its application is expected to be launched on Arbitrum in the next few weeks.
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According to data from ordcity on March 10th, The Runestone #63140674 was sold for 8 BTC, equivalent to approximately $556,000 USD.
The Runestone is one of the largest Ordinal inscriptions in history, with a file size of 3,967,899 bytes (3.967 MB). It is one of only seven Ordinal inscriptions that exceed 400,000 bytes (400 KB) and was mined in block 832,947, creating the largest block record in Bitcoin history (3,991,547 bytes/3.991 MB).
In addition, according to Whales Market data, the highest OTC transaction price for the Runestone project has reached the $1,500 range.
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Nigeria's Securities and Exchange Commission (SEC) has updated its guidelines for crypto service providers to prevent criminals from accessing the capital market. This move follows the Nigerian government's decision to block local access to several crypto platforms, including Binance, Kraken, and Coinbase. The updated SEC guidance includes a manual on anti-money laundering measures and rules on combating the financing of terrorism. Despite recent crackdowns on the crypto space, the Central Bank of Nigeria has reversed a measure that previously blocked local banks from providing services and accounts to crypto firms.
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Tesla's bitcoin holdings have once again become a topic of discussion in the cryptocurrency community. The cryptocurrency data analysis platform Arkham recently added Tesla's bitcoin wallet tracking function to its dashboard, which shows a balance of 11,509 BTC for the BTC wallet associated with Tesla, an increase of approximately 1,789 BTC compared to the previous report's balance of 9,720 BTC. It is reported that Tesla's schedule for holding and selling bitcoin is as follows: February 2021: Purchased $1.5 billion worth of bitcoin; March 2021: Sold 4,320 bitcoin; 2022: Will sell 29,160 bitcoin; 2023: The balance of 9,720 BTC remains unchanged.
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According to Coinglass data, the total liquidation data of the whole network in the past hour reached 44.81 million US dollars, of which long positions were liquidated for 23.17 million US dollars and short positions were liquidated for 21.63 million US dollars.
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Kevin Rose, co-founder of NFT project PROOF, has liquidated over $1.2 million worth of NFTs, but denied rumors that he’s exiting the Web3 space entirely.
“I’ve been pruning my NFT collection lately. Primarily because I believe mass adoption is still further out, and classic cryptocurrency will outperform,” Rose wrote in a post on X. “That said, I’m still collecting.”
On March 9, Rose liquidated several high-worth NFTs, including a work in the Fidenza series by Tyler Hobbs for 142 ETH and a one-of-one work by artist XCOPY for 151.2 ETH. Rose also burned two ENS domains and revoked the record for his main domains, claiming the move was in the interest of privacy.
“I’m, as always, diversifying versus praying a single collection or bag works out. Also, I am right-sizing my collection exposure only to what I’m willing to lose in the short term,” Rose explained on X.
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Rose elaborated on his collecting philosophy in a July 2023 interview with Fast Company. “When I’m buying a Tyler Hobbs, I’m buying it to hold for decades, because it’s a beautiful piece of art. Not because it’s some type of currency,” he reportedly said.
Rose’s company PROOF was acquired last month by Yuga Labs, which took over the Moonbirds brand, one of the few NFT projects in the public domain. The size of the deal was not publicly revealed.
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South Korea is now preparing for the extradition of Terra co-founder Do Kwon from Montenegro, after he won an appeal against extradition to the United States. The National Police Agency is working with Interpol to coordinate the extradition to South Korea. The Ministry of Justice’s International Criminal Division and the National Police Agency are collaborating to repatriate Kwon through the International Criminal Cooperation Channel and Interpol’s International Cooperation Line. Kwon's token, LUNA, is not considered a security in South Korea, but a judge in the US SEC vs Terraform Labs and Do Kwon lawsuit ruled that it is a security, which has implications for the severity of punishment and imprisonment terms.
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The market value of AI tokens in the cryptocurrency field has surpassed 25 billion US dollars, currently at 25,141,588,567 US dollars, with a 24-hour increase of 26.3% and a 24-hour trading volume of 5,345,818,459 US dollars.
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Tether announced today that it has signed a Memorandum of Understanding (MOU) with the National Agency of Project and Technology Development responsible for cryptocurrency regulation and development in the Republic of Uzbekistan (NAPP). This strategic partnership aims to position Uzbekistan as a hub for peer-to-peer and blockchain technology, sparking a revolution in innovation and economic growth. Tether CEO Paolo Ardoino said, "We are excited to partner with the National Agency of Project and Technology Development in the Republic of Uzbekistan (NAPP) to explore the enormous potential of blockchain, stablecoins, and peer-to-peer telecommunications technology in Uzbekistan. This partnership reflects Tether's commitment to promoting innovation and responsible development of the global digital asset ecosystem."
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India social network voting application Hunch announced the completion of a $23 million (approximately INR 1.9 billion) financing, led by Alpha Wave and Hashed Emergent. It is reported that Hashed Emergent is a blockchain venture capital firm focusing on early-stage investment. Hunch can create survey voting projects and vote on themes in fields such as finance and games. Hunch plans to become the preferred voting platform in the Web2 and Web3 market areas.
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ChainCatcher News: Bill Ackman, the founder and CEO of Pershing Square Capital Management, a major hedge fund, predicts that the price of Bitcoin may skyrocket to levels much higher than anyone can imagine.Ackman tweeted, "Imagine a scenario where the price of Bitcoin rises, causing an increase in mining volume and energy usage, which in turn drives up energy costs, leads to inflation, devalues the US dollar, and drives demand for Bitcoin, increases mining volume, and drives demand for energy, and so on. Bitcoin grows infinitely, energy prices soar, and the economy collapses. Maybe I should buy some Bitcoin." However, Ackman later added, "Of course, the problem is that it can also backfire."In response, Michael Saylor, the founder of MicroStrategy, commented on Ackman's tweet, "You should buy some Bitcoin, but not for the reasons mentioned above. Most Bitcoin miners are lowering the electricity costs of other consumers, not increasing them."
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Gitcoin will be a sponsor of the GTC2024 technical conference on artificial intelligence.Gitcoin will speak at the conference on the theme of "GTC makes the world a better place." In addition, Gitcoin will delve into the AI field's key term search function, with an expected involvement in an industry with a scale of over $700 billion.
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