DeFi protocol NAV has announced the completion of a $3 million Pre-Seed round of financing on the X platform, with over 70 angel investors, whales, founders, DAOs, and VCs participating. It is said that the protocol is committed to using its structured investment product (SIP) to bring change to the DeFi space.
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On April 7th, Wangxiang Blockchain Chairman and HashKey Group Chairman and CEO Xiao Feng stated in his keynote speech at the "2024 Hong Kong Web3 Carnival" that blockchain is inherently built on DePIN, and Bitcoin hardware mining is a primitive version of DePIN. The relationship between DePIN and blockchain can be divided into three stages: the first stage is Bitcoin and PoW mining, the second stage is the trusted data base proposed four or five years ago, which aims to connect IoT devices between many organizations and make the data trustworthy; the third stage is after the emergence of the AI ​​big model in 2024, to adapt to the AI ​​productivity revolution, it is necessary to use DePIN and hardware for distributed storage, distributed computing, and distributed data collection. At the same time, Xiao Feng pointed out that he believes there will be a fourth and fifth stage in the future, and the future value will be greater, deeper, and wider.
Xiao Feng said: "Last year, we initiated the Green Bitcoin Alliance to achieve carbon neutrality for the carbon emissions generated by Bitcoin mining. Currently, 12% of the blocks have achieved carbon neutrality, and it will take another 10 years to achieve carbon neutrality for all blocks." Xiao Feng also pointed out that DePIN's natural advantages are in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region, which are the manufacturing bases of global intelligent devices. Because all Bitcoin mining machines are manufactured in the Greater Bay Area, the first generation of DePIN manufacturing and distribution is also predicted to be in the Greater Bay Area in the future.
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Tensor, the official NFT exchange of the Solana ecosystem, announced that they have realized that their original airdrop plan did not sufficiently reward top users. Therefore, they have decided to allocate an additional 2.3% of TNSR from the total supply to provide extra airdrop rewards to approximately 2,900 top users. This additional airdrop will have a lock-up period of 6 months and will be fully unlocked within 2 years.
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Solana ecological head PRC supplier and developer platform Helius released native staking service, users can search Helius for staking through any wallet that supports native staking, the staking protocol MEV and fees, users can get all staking rewards.
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The total open position of BTC futures contracts on the network is 531,790 BTC, equivalent to 37.36 billion US dollars.
Of these, the open position of CME BTC contracts is 165,770 BTC (approximately 11.61 billion US dollars), ranking first;
The open position of Binance BTC contracts is 116,960 BTC (approximately 8.24 billion US dollars), ranking second.
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On April 12th, Animoca Brands' Web3 project Mocaverse announced its token economics on the X platform. The total supply of the MOCA token is 8,888,888,888, with network incentives accounting for 31.5%, ecosystem and treasury accounting for 20%, community sales accounting for 1.5%, strategic partners accounting for 13%, liquidity accounting for 10%, operational expenses accounting for 5%, team accounting for 12%, and issuance contributors and advisors accounting for 7%. Over 50% of the token supply will flow to the community, including through airdrops to incentivize community growth and user participation. MOCA will serve as the primary payment currency for the Mocaverse partner network, used for cross-chain transaction fees, and to prove user loyalty through holding and holding time.
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Binance is expected to suspend Filecoin (FIL) token deposit and withdrawal services on April 11 at 21:00 (UTC+8) to support its network upgrade and hard fork. The project team will upgrade the network and conduct a hard fork at block height 3,817,920 (estimated to be at 22:00 on April 11, UTC+8).
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Whales are accumulating PENDLE. 0xe675 withdrew 295,443 PENDLE ($1.95 million) from Binance three hours ago and 372,752 PENDLE ($2.46 million) three days ago. 0xAa4c withdrew 115,500 PENDLE ($764,000) from Binance 30 minutes ago and 384,500 PENDLE ($2.54 million) four days ago.
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According to BTC.com data, the difficulty of Bitcoin mining has undergone a mining difficulty adjustment at block height 838,656 (today at 05:17:33), with a 3.92% increase to 86.39 T, reaching a new historical high. The current average network computing power is 629.72 EH/s.
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According to Whale Alert monitoring, about 45 minutes ago, Tether Treasury increased the issuance of 1 billion USDT on the TRON blockchain.
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Mirror World, a leading web3 application development platform, has made a significant breakthrough in decentralized gaming ecosystems by introducing the first gaming rollup on Solana. This achievement is made possible by Mirror World's robust engine, Sonic, which enables developers to deploy game engines or virtual machines of their preference on the Solana blockchain using Mirror World's SDK. The architecture of Sonic is powered by HyperGrid, an innovative technology that empowers gaming platforms to establish their decentralized exchange (DEX) aggregators and on-ramp for Solana. Mirror World's commitment to nurturing the Web3 gaming ecosystem is highlighted by the company's offering of integrated tools for payment and settlement infrastructure and user engagement tools crucial for developing successful Web3 games.
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PancakeSwap announced on x platform that it destroyed 8,703,247 CAKE tokens about an hour ago, worth about $35 million, with NFT transaction fees of 3,800 CAKE tokens (worth about $15,000), an increase of 443% compared to last week.
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According to CryptoSlam data, the past 7 days saw Bitcoin blockchain NFT transaction volume of approximately $81.9 million, a week-on-week decrease of 5.72%; Ethereum network transaction volume reached $72.97 million, a week-on-week decrease of 26.79%; Solana network ($46.75 million) saw a week-on-week decrease of 13.22%.
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Telegram's integration of toncoin as a payment option for advertisers and content creators on its messaging app has resulted in a surge of activity on the TON blockchain. This has created a circular economy for TON, with advertisers paying for campaigns in the cryptocurrency and revenue being shared between content creators and Telegram. The ad program has increased TON's value by 150% since its announcement in March, and Telegram is set to earn revenue from hosting tailored ads for its 700 million monthly active users. The TON-based ad platform is more accessible and affordable than Telegram's previous hosted marketing, with a minimum requirement of only 20 TON (~$105) for advertisers to start their campaigns. Telegram has committed to sharing 50% of the ad revenue generated by its TON blockchain network with content creators and channel operators, but payments cannot be withdrawn until late May. The TON payments system brings Telegram closer to its crypto vision, which has faced regulatory challenges in the past. The TON token and blockchain are not issued by Telegram, but by the TON Foundation. Telegram plans to limit its share of TON to 10% by selling surplus TON holdings to long-term investors at a discount. The TON ecosystem has grown rapidly, with new wallets coming online daily and a growing range of services, games, and advertising platforms.
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Jesse Pollak, the head of the Base protocol, wrote on X platform: "We have increased the gas target of Base to 5 mgas/s, so gas costs are rapidly decreasing and are expected to stabilize at a lower level - although demand may increase. Our long-term goal is to achieve 1 Ggas/s (which is currently 400 times), and we will share more information about the latest progress in the coming weeks."
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HKVAEX announced that it will begin to suspend services in stages starting from April 1, 2024. Its official website will be completely closed on May 1, 2024, and users are urged to take appropriate action to withdraw their assets before April 30, 2024. Currently, HKVAEX no longer accepts new user registrations or virtual asset recharge services. The trading service will be closed at 23:59 on April 5, 2024, and users will not be able to place any new orders. All existing spot orders will be automatically cancelled by the system.
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A survey by PolicyGenius shows that more than one-fifth of young people in the United States own cryptocurrency, and the frequency of investment in cryptocurrency by the younger generation is four times that of the older generation. Compared with traditional investments, the preference for cryptocurrency is highest among the 18 to 26-year-old Generation Z, with 20% of Gen Z respondents owning cryptocurrency, 18% owning stocks, 13% owning real estate, and 11% owning bonds. The frequency of investment in cryptocurrency by the millennial generation, aged 27 to 42, is slightly higher than that of Gen Z respondents, with 22% owning cryptocurrency.
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