Golden Web3.0 Daily | Texas advances Bitcoin reserve bill

DeFi data

1. Total market value of DeFi tokens: $91.846 billion

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was 7.087 billion US dollars

Top ten rankings of DeFi projects with locked assets and locked-in volume Data source: defillama

NFT data

1. Total market value of NFT: US$17.911 billion

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

2.24-hour NFT trading volume: 2.759 billionUS dollars

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

3. Top NFTs in 24 hours

Top ten NFTs with the highest sales growth in 24 hours Data source: NFTGO

Headlines

Texas Senate Advances Bitcoin Reserve Bill with Bipartisan Support

The Texas Senate just passed Senate Bill 21 (SB-21) by a huge margin, a big step toward incorporating digital assets into the state's financial system. The Texas Senate voted 25-5 to pass the Texas Bitcoin Reserve Act, which would allow the state to invest public funds in Bitcoin and other digital assets. Under SB-21, the Texas Comptroller would manage the Bitcoin Reserve. The bill allows the state to hold digital assets with a total market value of at least $500 billion. Currently, Bitcoin is the only asset that meets this requirement. Funding would come from legislative appropriations and donations from private individuals and businesses. The bill also creates the Strategic Bitcoin Reserve Advisory Committee, which would oversee investments and issue reports every two years to ensure transparency and accountability.

MEME Hotspots

1.Industry insiders: The issuance threshold of "meme coins" is extremely low, and most of them lack technical support

Golden Finance reported that recently, Manus, which was called "the world's first universal intelligent body product" by the publisher, quickly "went out of the circle" and the popularity spread rapidly. The invitation code was once sold for tens of thousands of yuan. With the explosion of Manus, a number of Manus tokens with the same name have appeared in the cryptocurrency market. Their prices have risen and fallen sharply in a short period of time. Some tokens with the same name have risen by more than 900%, and some have fallen by 95% in just 3 hours and the price has almost returned to zero. Ji Yichao, co-founder and chief scientist of Manus, immediately clarified that Manus has never participated in cryptocurrency projects, token issuance or blockchain plans. An industry insider told reporters that the threshold for issuing "meme coins" is also extremely low, "Now there are many platforms that issue coins with one click." Zhao Wei, a senior researcher at the OKX Research Institute, told reporters that the vast majority of meme coins lack technical support and community foundation, and eventually lose liquidity due to insufficient market recognition. Such meme coins that rely on short-term speculation have a very low survival rate and extremely high investment risks.

2. WLFI's investment portfolio has currently lost $110 million, and ETH accounts for 65% of the entire investment portfolio

Golden Finance reported that according to the monitoring of chain analyst Ember, WLFI's investment portfolio has currently lost $110 million, and the 9 tokens purchased for $336 million are now worth only $226 million. Because ETH accounts for 65% of the entire investment portfolio, it has the largest loss: the average cost of ETH is $3,240, and the current price is $2,000. The loss is as high as $80.85 million (-37%). TRX has fallen the least: it has only fallen 5% after buying from WLFI.

DeFi Hotspots

1. Sony's L2 network Soneium launches Web3 entertainment robot NFT aibo

Golden Finance reported that Sony's Layer2 network Soneium launched Web3 entertainment robot NFT aibo on Opensea, which is now open to Mint. Aibo is its exclusive officially authorized SBT collection series.

2. CertiK: An arbitrary call vulnerability was detected on Arbitrum, and hackers have stolen about $140,000.

Golden Finance reported that blockchain security company CertiK issued an early warning that its security team detected multiple suspicious transactions on the Arbitrum network. An attacker with an address of 0x97d8170e04771826a31c4c9b81e9f9191a1c8613 may have exploited the arbitrary call vulnerability to bypass signature verification and stole about $140,000 from multiple unverified exchange adapter contracts.

3. Solana prediction market takes.fun testnet has ended

Golden Finance reported that Solana prediction market takes.fun tweeted that it has ended testnet testing. The team has adopted all feedback to improve the platform and will soon launch the mainnet on Solana. Earlier news, takes.fun has been launched on the testnet. Users can create opinions and trading opinions and open "agree" or "disagree" votes. When the user has made their choice, 20% of the investment amount will be deducted from the liquidity on the other side.

4. Ethereum has a potential on-chain liquidation of $128 million at $1919

On March 10, according to DefiLlama data, Ethereum has a potential on-chain liquidation of $128 million at $1919.266. The main liquidation is the MakerDAO protocol, with a scale of $127.8 million.

5. The board of directors of the Ethereum Foundation updates personnel appointments and dismissals, and Hsiao-Wei Wang joins the board

On March 10, the Ethereum Foundation issued a document announcing new personnel appointments and dismissals, and Hsiao-Wei Wang will join the board of directors of the Ethereum Foundation. The current board of directors includes Aya Miyaguchi (Chairman), Vitalik Buterin (Founder), Patrick Storchenegger (Swiss Legal Counsel) and Hsiao-Wei Wang (Co-Executive Director). During this adjustment process, the board will share more updates on its role and functions in the Ethereum Foundation.

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 concept and be sure to increase risk awareness.