Cointime April 5th News Express
1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development
5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges
7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX
8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection
9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
The Bitcoin-Ethereum price ratio suggests that risk appetite for cryptocurrencies may be waning
The ratio of Bitcoin to Ethereum prices implies that the market's risk appetite for cryptocurrencies may weaken. The Bitcoin-Ethereum price ratio has risen to 20, reaching its highest level since April 2021, reflecting a more elastic demand for Bitcoin in the market, while the opposite is true for Ethereum.
ZachXBT won’t assist after memecoin devs throw tokenholders under the bus
“Together, let’s stand against harassment and prioritize mental health in all aspects of our lives,” wrote Complex’s developers as they shut down the memecoin project.
A dormant whale address for 8 months deposited 1,100 BTC into Binance
According to Lookonchain data, a dormant whale transferred 2,000 BTC ($132.41 million) to a new wallet yesterday and then deposited 1,100 BTC ($74.34 million) into Binance. The whale currently holds 8,900 BTC ($597.55 million).
BTC fell below 67,000 USDT again, and the 24-hour increase narrowed to 2.15%
OKX market shows that BTC has once again fallen below 67,000 USDT, currently reporting at 66,852.3 USDT, with a 24-hour increase narrowing to 2.15%.
Binance ends support for Bitcoin Ordinals
Binance NFT marketplace will cease supporting trades and deposits of Bitcoin Ordinals on April 18.
bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges
At the Bitcoin Day conference, Jayden, co-founder of the BTC ecosystem Defi project bitSmiley Labs, revealed bitUniverse, aiming to create a range of Defi applications centered around its stablecoin, bitUSD.
QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak
On April 5th, QCPCapital, a cryptocurrency market maker, pointed out in its latest research report that the cryptocurrency market will perform poorly at the beginning of the second quarter of 2024. The price of Bitcoin has fallen below $70,000 and is fluctuating within a narrow range. The scale of ETF fund inflows is not sufficient to drive price trends. The funding rate tends to be stable, and the front end of the forward curve has fallen from a high point of 50% to below 20%. However, it is worth noting that the back end of the forward curve is still at a high level, and investors are interested in longer-term spot-forward basis positions. This may be due to the continued demand for Bitcoin 2025 long-term call options in the market. QCP believes that the bullish demand for Bitcoin and the upward momentum of spot ETF fund inflows will support Bitcoin prices and is expected to push Bitcoin above $70,000 this weekend. On the other hand, Ethereum continues to be weak. ETHBTC is testing key support levels after falling below 0.05. The market continues to sell a large number of Ethereum long call options, which has lowered the implied volatility and formed some downward pressure on prices. QCP analysis believes that this may once again indicate that the early signal of the shift from frenzy to panic for altcoins represented by Ethereum.
Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development
On April 5th, it was announced that the Bitcoin Day summit, co-hosted by ABCDE, SINOHOPE (stock code: 1611.HK), and OKX Wallet, officially opened at the Regal Hotel in Hong Kong. Du Jun, Executive Director and CEO of SINOHOPE and founder of ABCDE, gave the opening speech.
ETH/BTC exchange rate fell below 0.05, with a daily drop of 2.41%
Data shows the ETH/BTC exchange rate has fallen below 0.05 and is now at 0.04853, with a daily decline of 2.41%.
The Fall of Anti-Bitcoin
As I’ve said many times before. Everyone and every nation will eventually capitulate to Bitcoin. The latest nation to capitulate is Great Britain, whose army of anti-Bitcoin propagandists has just received orders from The Motherland that Bitcoin is to be fully embraced.
Bitcoin L2 network Mirror Staking Protocol testnet has been launched
The Bitcoin L2 network Mirror Staking Protocol announced that its testnet is now online.
Sphere 3D’s legal issues escalate as Gryphon seeks to block $10M
Gryphon Digital Mining is seeking to block Sphere 3D from using $10 million from a recent settlement with Core Scientific.
Binance BTC contract open interest rises to $8.24 billion
The total open position of BTC futures contracts on the network is 531,790 BTC, equivalent to 37.36 billion US dollars.
Galaxy Digital CEO: US debt crisis drives demand for Bitcoin
CEO of Galaxy Digital, Mike Novogratz, said that the US debt crisis has made it "so easy to convince people to buy Bitcoin and other hard assets". As warnings about the US debt crisis continue to increase, some investors are exploring Bitcoin as a potential hedging tool. Mike Novogratz is a staunch supporter of Bitcoin. He recently predicted that BTC will reach $100,000 this year.
Mining company Gryphon seeks $10 million in equity proceeds from Sphere 3D settlement with Core Scientific
Bitcoin mining company Gryphon Digital Mining has submitted a pre-motion letter to the Southern District Court of New York requesting permission to file a pre-trial seizure motion to seek the $10 million equity gain recently obtained from the settlement with Core Scientific in bankruptcy exit. Gryphon hopes to ensure that the funds can be used for any judgment that may be received due to Sphere's alleged breach of contract, which has caused losses of at least $30 million. Sphere is accused of violating the exclusivity clause in its agreement with Gryphon by signing at least four hosting agreements with other providers.
BTC briefly exceeded 70,000 USDT, and the 24H decline narrowed to 0.17%
BTC has temporarily broken through 70,000 USDT and is currently trading at 69,952 USDT, with a 24-hour decline narrowing to 0.17%.
Bitcoin whales show biggest monthly buying spree since 2012
On-chain data shows that Bitcoin whales have experienced the largest buying frenzy since 2012 in the past month. They have purchased over 268,000 BTC in the past month. Analyst James Van Straten on X platform stated that Bitcoin accounts holding 100 to 1000 BTC have conducted large-scale net buying actions in the past month. The net position change of Bitcoin whales has been at a highly positive level recently.In the past 30 days, whales have net purchased approximately 268,441 BTC, currently worth nearly $18.6 billion, which is the largest accumulation amount for these holders since 2012.
About an hour ago, an address containing 500 BTC that had been dormant for 11.7 years was activated
According to Whale Alert, a chain data tracking service, an address containing 500 BTC that had been dormant for 11.7 years was activated about an hour ago. The value of the address is approximately $34,726,301.
