Headline
▌USDe's Bitcoin Collateral Exceeds $500 Million
USDe's Bitcoin collateral under Ethena is currently about $537 million. This amount accounts for about 26% of its total asset reserves. Other reserve assets include $714 million in Ethereum, $353 million in liquid pledged Ethereum, and $365 million in Tether USDT. Seraphim Czecker, Ethena's head of growth, said that the large amount of Bitcoin reserves proves that the platform is ready for the upcoming halving event. The halving is expected to take place around April 20, when Bitcoin's block reward will be reduced by 50% to 3.125BTC.
▌Wormhole launches the first multi-chain governance system MultiGov
According to official news, Wormhole announced that it has cooperated with Tally and ScopeLift to launch the first multi-chain governance system "MultiGov". It is reported that the system will be first adopted on Wormhole DAO, and will be provided to DAOs on Solana, Ethereum mainnet and EVM L2 in the future. MultiGov will help W token holders create, vote and execute governance proposals on any supported chain, and conduct on-chain voting.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $71656.3, with a daily increase or decrease of +3.2%;
ETH's latest transaction price is $3694.20, with a daily increase or decrease of +7.0%;
BNB's latest transaction price is $587.49, with a daily increase or decrease of +0.6%;
ORDI's latest transaction price is $75.63, with a daily increase or decrease of +0.1%;
DOGE's latest transaction price is 0.2027 US dollars, with a daily increase or decrease of +1.7%;
SOL's latest transaction price is 180.66 US dollars, with a daily increase or decrease of +0.7%.
Policy
▌Crypto Trader Avi Eisenberg’s $110 Million Fraud Trial to Begin Today
The $110 million fraud trial of crypto trader Avi Eisenberg is set to begin today after a federal judge appointed a 15-member jury that includes a rare book seller, an elementary school music director and at least two financial professionals.
The trial, expected to last two weeks, will determine whether Eisenberg broke the law, with federal prosecutors alleging that Eisenberg committed commodity manipulation and wire fraud by deploying a “highly profitable trading strategy” against Solana ecosystem exchange MangoMarkets in October 2022.
The trial represents an evolution in the government’s efforts to regulate alleged crimes in the DeFi space, an area of cryptocurrency trading governed by a “code is law” philosophy. MangoMarkets is not as tightly controlled as its peers in centralized finance, such as Coinbase. Instead, trades, borrowing and lending are all executed on smart contracts.
Blockchain Applications
▌Official website of gm.ai, the AI project of Whales Market founder, is officially launched
According to official news, the official website of gm.ai, the AI project launched by dexter, the founder of Whales Market, has been officially launched, and the official gateway access of the gmAI ecosystem will be launched soon.
▌BNB Greenfield plans to execute the mainnet Serengeti hard fork on April 29
The BNB Greenfield network is about to undergo the Serengeti hard fork, including:
1. The testnet Serengeti hard fork is planned to be carried out at block height 7,354,695. Based on the current block interval, it is expected to occur at 07:00 am UTC on April 18;
2. The mainnet Serengeti hard fork is scheduled to occur at block height 6,863,285. Based on the current block interval, it is expected to occur at 07:00 am UTC on April 29.
Cryptocurrency
▌TON breaks through $6, setting a new record
The market shows that TON breaks through $6, setting a new record, and is now quoted at $6.1, with a daily increase of 13.2%. The market fluctuates greatly, please do a good job of risk control.
▌Malicious Google Chrome extension caused a trader to lose $800,000 in cryptocurrency
Investors discovered two suspicious extensions in Google Chrome browser, resulting in a loss of $500,000. Further investigation revealed that a keylogger targeting a specific cryptocurrency wallet extension was involved, with losses totaling up to $800,000. Traders allegedly postponed Chrome updates several times, but mandatory Windows updates ultimately caused the system to reboot. After the reboot, the extension login information was reset and the funds were stolen. Victims were forced to re-enter all credentials and manually re-import the seed phrase for the cryptocurrency wallet. Users suspected that the keylogger leaked sensitive information, but no abnormal behavior was observed after the reboot. The attackers are said to have transferred funds to two exchanges, MEXC in Singapore and Gate in the Cayman Islands.
▌Circle executives: There is no illegal financial problem with cryptocurrencies, but there are bad actors
Dante Disparte, an executive at Circle, pointed out that there is no illegal financial problem with cryptocurrencies, but bad actors do exist, and called for the passage of new laws to clarify the obligations of stablecoin issuers and prevent money laundering. The U.S. Treasury Deputy Secretary will explore illegal financial issues at a Senate hearing, with cryptocurrencies in the spotlight. Regulatory gaps in the crypto field have caused concerns, and Russia's use of "encryption" to circumvent sanctions has become a headline. Call for strengthening regulatory laws to regulate the digital currency market.
▌Viewpoint: Stablecoin supply growth is more important for the bull market than ETF inflows
10x Research pointed out that the supply of major stablecoins USDT and USDC has increased by $10 billion in the past 30 days, twice the inflow of Bitcoin ETFs in the same period. Stablecoins are tokens that are mainly pegged to the US dollar and are widely used as a bridge between traditional currencies and digital assets and trading liquidity. 10x Research pointed out that stablecoin supply may be a better signal of cryptocurrency demand than Bitcoin ETF inflows.
▌Viewpoint: Ethereum options open interest expiring at the end of April suggests bullish sentiment
According to Deribit data, about $3.3 billion in notional Ethereum options are about to expire at the end of April, of which about two-thirds are used for call options or price bullish bets. Jake Ostrovskis, an over-the-counter trader at Wintermute, said: "Call options are concentrated between $3,700 and $4,000, showing the market's upward bias and potential bullish sentiment." According to Deribit data, the ratio of Ethereum put options to call options expiring at the end of April is currently 0.45. This ratio below 1 indicates that call option trading volume exceeds put option trading volume, indicating bullish market sentiment.
Important Economic Dynamics
▌The probability of the Federal Reserve keeping interest rates unchanged in May is 100%
According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in May is 100%. The probability of the Federal Reserve keeping interest rates unchanged by June is 48.7%, the probability of a cumulative 25 basis point rate cut is 51.3%, and the probability of a cumulative 50 basis point rate cut is 0%.
▌The three major U.S. stock indexes closed mixed
The three major U.S. stock indexes closed mixed, with the Dow Jones down 0.03%, the Nasdaq up 0.03%, and the S&P 500 down 0.04%. Hot technology stocks rose and fell, with Tesla up nearly 5%, Nvidia and Meta down more than 1%, Arm up more than 3%, and Google up more than 1%.
Golden Encyclopedia
▌What is Optimistic rollup?
Optimism Rollup technology is one of many scalability solutions proposed by Ethereum developers. They function similarly to zero-knowledge Rollup, but differ in some key ways. By existing on Ethereum as a Layer 2 solution, Optimism can process transactions outside the mainnet. Processing data from the Ethereum mainnet can reduce congestion, lower transaction fees, and reduce gas fees. However, Layer 2 solutions require some way to communicate across layers with their parent chain. This is where Optimism Rollup comes in.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment philosophy and be sure to increase risk awareness.
Edmund
