Rhythm Morning News | Bitcoin rebounds to break through $67,000; io.net and Aethir announce strategic cooperation and airdrop exchange

Featured News:

1. Bitcoin rebounded above $67,000, up 3.52% in 24 hours

2.io.net and Aethir announced strategic cooperation and airdrop exchange to enhance decentralized computing and GPU infrastructure

3. Web3 social protocol PairedWorld completed $1.5 million in financing, and BlackRock Venture Partners joined its advisory board

4. The Ontario Court of Canada sued Binance for violating securities laws

5. The U.S. SEC seeks a court ruling that Terraform Labs and Do Kwon pay a total of more than $5.2 billion

Price Observation

Bitcoin rebounded above $67,000, up 3.52% in 24 hours

April 23 On April 23, according to market data from OKX, Bitcoin rebounded above $67,000 and is now quoted at $67,152, a 24-hour increase of 3.52%.

Affected by the news of Coinbase's listing, KARRAT rose 49% in a short period of time

On April 23, according to market information, KARRAT rose 49% in a short period of time and is now quoted at $1.01.

Previously, Coinbase will add support for Karrat (KARRAT) on the Ethereum network (ERC-20 token) and open trading after meeting liquidity conditions.

Rune DOG•GO•TO•THE•MOON futures price is $0.005

On April 22, according to Whales Market, the current futures price of Runestone airdrop rune DOG•GO•TO•THE•MOON is $0.005, and the transaction volume in the first 2 hours of opening reached $119,800.

Based on this price, each Runestone NFT can get a rune airdrop worth $4449.03.

Transaction Tracking

FTX and Alameda Research addresses transferred 4,500 ETH to CEX, about 14.4 million US dollars

On April 23, according to Spot On Chain monitoring, in the past 8 hours, FTX and Alameda Research addresses transferred a total of 4,500 ETH to Binance and Coinbase, about 14.4 million US dollars.

The whale who has been withdrawing PENDLE from Binance recently has withdrawn 119,000 PENDLE again

On April 23, according to Ember monitoring, 1 hour ago, the whale who has been withdrawing PENDLE from Binance recently continued to withdraw 119,000 PENDLE (about 780,000 US dollars) from Binance.

The whale has withdrawn a total of 1.709 million PENDLE (about 11.52 million US dollars), with an average withdrawal price of about 6.54 US dollars.

In the past 24 hours, the entire network has a liquidation of 101 million US dollars, mainly short orders

On April 23, according to Coinglass data, the entire network has a liquidation of 101 million US dollars in the past 24 hours, of which long orders have a liquidation of 38.55 million US dollars and short orders have a liquidation of 62.53 million US dollars.

The whale who made a profit from swing trading ETH transferred 2,000 ETH from Binance again

On April 22, according to @ai_9684xtpa monitoring, the whale 0xAA1, who had built a position of 50,732 ETH since September last year, transferred 2,000 ETH from Binance again after two months, with a value of US$6.35 million and a transfer price of US$3,174.

The whale has made a profit of $6.1 million by buying low and selling high ETH from January to February this year; it currently still holds 53,778 ETH and 36,657 stETH, most of which are pledged as margin in Spark Protocol.

A newly created address has withdrawn a total of 7,181 ETH from Binance, worth $23 million

On April 22, according to Ember's monitoring, a newly created address has withdrawn a total of 7,181 ETH from Binance in the past 4 hours, worth $23 million.

Grayscale transferred about 424 BTC to Coinbase Prime address

On April 22, according to Arkham data, Grayscale transferred about 424.873 BTC to Coinbase Prime address today, worth about 28.04 million US dollars. In addition, Grayscale also transferred 943.889 BTC (worth about 62.29 million US dollars) to 2 new addresses.

A whale withdrew 800 bitcoins from Binance in the past 5 hours

On April 22, according to Lookonchain monitoring, a whale withdrew 800 bitcoins from Binance in the past 5 hours, worth approximately US$52.84 million.

It is reported that the address had previously sold 4,556 bitcoins (US$302.3 million) between March 15 and March 22.

A whale has deposited 10.03 million USD worth of ETH to StakeStone in the past week

On April 22, according to @ai_9684xtpa monitoring, a whale deposited 1,550 ETH worth 4.99 million USD to StakeStone 2 hours ago. It has deposited 10.03 million USD worth of ETH to StakeStone in the past week.

Project Dynamics

Stacks Nakamoto upgrade will be fully activated in May

On April 23, according to CoinDesk, the Bitcoin L2 network Stacks began an upgrade called "Nakamoto", which started at Bitcoin block height 840,360 and aims to solve network congestion problems.

Stacks co-founder Muneeb Ali said that Stacks' original design produced blocks at the same speed as Bitcoin, which led to congestion problems. This upgrade will separate Stacks' block production schedule from Bitcoin's. "Nakamoto" will introduce a new way of producing Stacks blocks and update its unique proof-of-transfer consensus algorithm. The upgrade will be fully activated in May.

UniSat: Received reports of user Runes being burned in transactions, investigated and resolved

On April 23, UniSat posted on social media, "Recently, we have received reports from some users that their Runes were burned during transactions. After receiving these reports, our developers immediately investigated and confirmed that the runes of several users were indeed burned. We have proactively resolved two independent issues to prevent such problems from happening again on the UniSat market. It is now safe to trade on the UniSat market. Users who encounter this problem can submit a ticket on the UniSat Discord, and the support team will provide assistance."

Bitcoin mined an empty block at a height of 840421 7 minutes ago

4 On the 23rd of the month, according to mempool data, an empty block (i.e., a block containing only one transaction, Coinbase, a block reward) was mined at Bitcoin height 840421, and the time interval with the previous block height was only 27s.

Miners pack empty blocks for economic reasons, which is the wisest choice for miners. In order to make full use of this time for mining and avoid conflicts with transactions packed in the parent block, miners cannot fill transactions into the block, which means that miners can only try to mine empty blocks.

The issuance of the Notcoin token NOT of the TON ecosystem project is planned to be postponed to the end of April

On April 23, the Notcoin token NOT of the TON ecosystem Click-to-Earn game project was originally scheduled to be issued on April 20, but the team said that more time is needed to ensure the smooth issuance of the Notcoin token. Sasha Plotvinov, founder of Open Builders, said that the goal of the NOT token is to launch at the end of this month. (Decrypt)

Magic Eden launches Bitcoin Rune platform and will support rune transactions

On April 22, Magic Eden announced the launch of the Bitcoin Rune platform, which will support rune transactions. It is reported that the platform is still in the testing phase and allows users to buy runes with the Magic Eden wallet. At the same time, the platform will also have a Swaps View feature that allows users to set a specific BTC amount they want to spend when purchasing Runes. (The Block) Ethereum Layer 2 LightLink: The first phase of community airdrops will be opened at 18:00 on the 23rd. On April 22, Ethereum Layer 2 network LightLink stated on the social platform that it will open the first phase of community airdrops at 18:00 on the 23rd. It is reported that 0.58% of the total supply will be allocated to the first phase of community airdrops. About 0.1% will be released on TGE, and the rest will be unlocked by NFT.

Previously, LightLink will airdrop LL node NFTs to TIA and PYTH stakers, and will airdrop LL tokens to Mocavers NFT holders, with each Mocavers NFT receiving 1,000 LL.

ZKasino: DAO governance model to be launched, ZKAS holders enjoy potential use cases of tokens

On April 22, ZKasino posted on its social platform that as part of its commitment to decentralization, it is preparing to launch a DAO governance model for the ZKasino chain. DAO will give ZKAS token holders a say in the future direction of ZKasino. DAO organizations will enjoy potential use cases such as changing game contracts, adding new games, community initiatives, and platform upgrades.

Ankr launches AI-focused Layer1 Neura and has launched a testnet

On April 22, Web3 infrastructure provider Ankr launched a public testnet for its AI-focused Layer 1 blockchain Neura. It is reported that the ANKR token will serve as Neura's native cryptocurrency, and Neura is expected to launch its mainnet later this year. (The Block)

Square Enix and Animoca cooperate to develop the blockchain game Symbiogenesis

On April 22, according to official news, "Final Fantasy" developer Square Enix and Animoca announced a cooperation agreement, and the two parties will jointly develop the blockchain game Symbiogenesis. Animoca Brands Japan will support the global expansion of SYMBIOGENESIS and promote cooperation opportunities for more than 400 Web3 companies under Animoca Brands.

DODO announces the launch of DODOChain, powered by Arbitrum Orbit, EigenLayer and AltLayer

On April 22, the decentralized trading platform DODO announced the launch of DODOChain. It is reported that the chain will serve as Omni Trade Layer3, supported by Arbitrum Orbit, EigenLayer and AltLayer. DODOchain will achieve seamless bridging of Bitcoin and Ethereum Layer 2, aiming to integrate liquidity from different chains. (CoinDesk)

TON launches $30 million TON/USDT liquidity pool incentive campaign

On April 22, TON announced on the X platform that the $30 million TON/USDT liquidity pool incentive campaign has been officially launched, and 5 million TONs will be used to incentivize users who add liquidity to the TON/USDT liquidity pool on TON DEX.

Celo developer cLabs proposes to use OP Stack to launch its Ethereum Layer 2 chain

On April 22, cLabs, the core developer of the Celo blockchain, proposed to adopt OP Stack to develop its Ethereum Layer 2 chain. After eight months of evaluating various scaling technologies, cLabs chose OP Stack for development. The Celo community approved the proposal to migrate to Ethereum Layer 2 through a governance vote last July. It is planned to deploy a testnet in the summer of 2024 and conduct a community vote. (The Block)

Omni Foundation announces the launch of the Omni Network mainnet on Arbitrum and Optimism

On April 22, according to CoinDesk, the Omni Foundation announced the launch of the Omni Network mainnet on Arbitrum and Optimism. Omni Network is an L1 network that combines Ethereum rollup and aims to provide access and liquidity to the Ethereum ecosystem to all users.

At the same time, Omni Network announced the launch of the first phase of the mainnet, Omni Armgeddon, and users can now re-stake on EigenLayer to help protect Omni.

io.net and Aethir announced a strategic partnership and airdrop exchange to enhance decentralized computing and GPU infrastructure

On April 22, io.net and Aethir announced a strategic partnership. io.net's virtualization technology cluster solution will be integrated with Aethir's enterprise-level distributed GPU cloud to create a powerful, low-latency, and cost-effective GPU-intensive workload solution to enhance GPU access, performance, and coverage for AI, machine learning, and gaming applications.

In addition, Aethir will airdrop $50 million worth of ATH tokens to io.net community members, and io.net will airdrop $50 million worth of IO tokens to Aethir community members.

Web3 Foundation Launches 10 Million DOT Bounty Pool to Promote JAM Development

On April 22, the Web3 Foundation (W3F), the organization behind the Polkadot ecosystem, announced a bounty pool worth 10 million DOTs ($74.5 million) to “promote diversity in JAM protocol development.” The JAM protocol combines elements of Polkadot and Ethereum, and through the JAM Implementer Bounty, W3F seeks developers to diversify and strengthen the resilience of the network. JAM stands for “Join-Accumulate Machine” and provides a global singleton permissionless object environment similar to the smart contract environment of the Ethereum pioneer.

Crypto market maker Wintermute's Dex Bebop launches Optimism

On April 22, according to official news, crypto market maker Wintermute's Dex Bebop announced the addition of support for the Optimism network.

The Bebop platform allows traders to enter or exit multiple positions through a single transaction, that is, to exchange one token for a combination of tokens or a combination of tokens for one token. Currently, the protocol supports the Ethereum mainnet, Polygon, and Arbitrum.

Drift Protocol: The first snapshot has been completed, and a new trading incentive plan is about to be launched

On April 22, Drift Protocol, a DEX derivatives platform in the Solana ecosystem, stated on its social platform that the first snapshot has been completed and all activities as of April 18 have been recorded.

In addition, the protocol is about to launch a new trading incentive program, Drift Trader.

Previously, Drift Protocol stated that it plans to launch the DRIFT governance token in a few weeks and airdrop it to its users, accounting for 10% of the total token supply.

Sui announced that the Move 2024 version has been launched on the mainnet, adding new features such as location fields and loop tags

On April 22, Sui Network announced that its Move 2024 version has been launched on the mainnet. The Move 2024 version provides new features, including method syntax, location fields, and loop tags, making it easier to write Move and easier to read. There are two options for migrating your project to the Move 2024 Beta version: delete the existing Move.lock file (if it exists) to ensure that the latest sui-framework version is used; or run automatic migration in the root directory of the Move project.

CeFi News

British digital bank Revolut has launched BONK

On April 23, according to the official announcement, British digital bank Revolut has launched BONK, and users in the EU and other eligible countries can now trade in the application.

Coinbase will launch KARRAT

On April 23, according to the official announcement, Coinbase will add support for Karrat (KARRAT) on the Ethereum network (ERC-20 token) and open trading after meeting liquidity conditions.

It is reported that Karrat is a game and artificial intelligence entertainment ecosystem protocol.

Coinbase International and Coinbase Advanced will launch PEPE perpetual contract trading

On April 22, according to the official announcement, Coinbase International Exchange and Coinbase Advanced will open 1000PEPE perpetual contract trading at or after 9:30 am UTC time on April 23.

OKX will launch SAFE, deposits have been opened at 23:00

On April 22, according to the official announcement, SAFE deposits will be opened at 3:00 pm UTC time on April 22. Once the SAFE token recharge meets the requirements, OKX will launch SAFE/USDT spot trading. SAFE withdrawals will be available at 10:00 AM UTC on April 24.

Former Coinbase Custody Head Joins Crypto Custodian Anchorage Digital as COO

On April 22, crypto custodian Anchorage Digital announced the appointment of former Coinbase Custody Head Aaron Schnarch as its COO, overseeing all business lines.

It is reported that San Francisco-based Anchorage Digital is one of the largest institutional cryptocurrency custodians and has a federal banking license. Apollo Global Management and upstart cryptocurrency exchange EDX Markets are both clients of the company. Backed by Goldman Sachs, KKR and Andreessen Horowitz, the company was valued at more than $3 billion in its latest round of financing in 2021. (The Information)

Opinion data

Reuters: With the return of oil sanctions, Venezuela will accelerate the transformation of cryptocurrency

On April 23, Reuters reported that three people familiar with the matter revealed that as the United States re-imposed oil sanctions on Venezuela, Venezuela's state-owned oil company PDVSA plans to increase the use of digital currencies in crude oil and fuel exports.

The U.S. Treasury Department last week asked PDVSA's customers and suppliers to end transactions by May 31. The move will make it more difficult for Venezuela to increase oil production and exports because companies will have to wait for separate U.S. authorization to do business with Venezuela.

PDVSA has been slowly turning to USDT in oil sales since last year, whose value is pegged to the U.S. dollar. People familiar with the matter said the restoration of oil sanctions is accelerating the shift, a move to reduce the risk of sales revenue being frozen in foreign bank accounts due to sanctions.

US Presidential Candidate Robert F. Kennedy Jr.: Hope to Put the Entire US Budget on the Blockchain

On April 23, according to Decrypt, US Presidential Candidate Robert F. Kennedy Jr. recently stated that blockchain technology can play a key role in improving government transparency and called for a Web3 transformation of the federal budget.

Robert Kennedy Jr. said, "I will put the entire U.S. budget on the blockchain so that every American can view every budget item in the entire budget at any time 24 hours a day."

QCP Capital: If Bitcoin repeats the first three halving patterns, bulls still have a few weeks to build larger long positions

On April 23, crypto market maker QCP Capital pointed out in its latest market report that after the first three Bitcoin halvings, Bitcoin prices rose exponentially within about 50 to 100 days after the event. If this pattern reappears this time, BTC bulls still have a few weeks to build larger long positions.

QCP Capital said that in the short term, we may see a shortage of funds caused by altcoins and meme coins, and the improvement of speculative sentiment may lead to short covering and the recovery of leveraged longs.

Investment bank Benchmark gives crypto mining company Hut 8 a "buy" rating

On April 22, investment bank Benchmark said in its research report on Monday that it gave Hut 8, a crypto mining company, a "buy" rating and a target share price of $12, while the current share price is $8.05.

It is reported that Benchmark gave a "buy" rating based on Hut 8's multiple new sources of income from mining, hosting services, hosting, high-performance computing and artificial intelligence.

IMF report: Bitcoin has become a necessary financial tool for preserving wealth in financial instability

On April 22, the International Monetary Fund (IMF) recently released a report stating that Bitcoin (BTC) has increasingly become a key channel for cross-border capital flows amid global financial instability. The report highlights the large volume of transactions from countries such as Argentina and Venezuela, where citizens face hyperinflation and strict financial controls. In these regions, Bitcoin has become a necessary financial tool for preserving wealth and accessing global markets, rather than just a speculative investment.

However, the IMF report also warned that the widespread use of Bitcoin for cross-border flows could pose potential risks. The lack of supervision and the anonymity provided by cryptocurrencies could complicate regulators' efforts to monitor and control financial transactions to prevent illegal activities such as money laundering. (Cryptoslate)

Financing Express

Web3 social protocol PairedWorld completes $1.5 million in financing, BlackRock venture partner joins its advisory board

On April 22, according to an official announcement, Web3 social protocol PairedWorld announced the completion of $1.5 million in financing, and the details of the financing have not yet been disclosed.

In addition, BlackRock venture partner Paul Taylor also joined its advisory board. It is reported that PairedWorld aims to enhance real-world social interactions through blockchain technology, while providing new data channels for consumer brands through real-world interactions (RWI).

The announcement stated that Paul Taylor's joining the PairedWorld board of directors is expected to significantly promote the development of the protocol. His rich expertise in fintech and blockchain is consistent with PairedWorld's mission.

Shared security project Othentic completes $4 million seed round, Finality Capital Partners and Breyer Capital co-lead

On April 22, Othentic, a project focusing on shared security for distributed systems, announced the completion of a $4 million seed round, led by Finality Capital Partners and Breyer Capital, with participation from Coinbase Ventures, HashKey Capital, Collider Ventures, BanklessVC, Robot Ventures, Everstake, PUNK DAO, etc. According to reports, Othentic is committed to creating novel distributed computing services by providing self-deployed infrastructure to launch systems with underlying shared security, including promoting innovative work on EigenLayer and Babylon. Its Othentic Stack allows AVS developers to self-deploy operator networks that customize computing services and run arbitrary computing tasks in a trustless execution environment.

In addition, Othentic introduced a framework for Stateless Rollups to support flexible and secure execution of off-chain computations. Stateless Rollups are computing networks that provide services to other networks or applications without being constrained by any specific blockchain. The framework facilitates the creation of coprocessors, ZK provers, privacy-preserving computing, decentralized order books, artificial intelligence reasoning networks, vulnerability prevention systems, and other new services.

Turkish crypto trading platform Midas completes $45 million Series A financing, led by Portage Ventures

On April 22, according to official news, Turkish crypto trading platform Midas completed a $45 million Series A financing, led by Portage Ventures, with participation from Spark Capital, Earlybird Digital East Fund and Revo Capital.

It is reported that the new funds will be used to launch cryptocurrency trading and savings account products.

Sui Ecological Lending Protocol Scallop Receives Strategic Investment from DWF Labs

On April 22, Sui Ecological Lending Protocol Scallop announced that it had received strategic investment from DWF Labs, and the specific amount was not disclosed.

As part of this cooperation, DWF Labs will serve as Scallop's main liquidity provider on various centralized trading platforms and will also support over-the-counter (OTC) transactions.

Regulatory News

The U.S. SEC seeks a court ruling that Terraform Labs and Do Kwon pay a total of more than $5.2 billion

On April 23, Cointelegraph reported that the U.S. Securities and Exchange Commission (SEC) has filed a motion seeking billions of dollars in disgorgement and civil penalties against Terraform Labs and its co-founder Do Kwon.

In a document filed with the U.S. District Court for the Southern District of New York on April 19, the SEC asked Do Kwon and Terraform to pay approximately $4.7 billion in disgorgement and pre-judgment interest after the civil case was adjudicated, as well as a total of $520 million in civil penalties - Terraform paid $420 million and Do Kwon paid $100 million.

The commission, Terraform and Do Kwon simultaneously filed briefs on potential remedies in the civil case, with the crypto company proposing a maximum civil penalty of $3.5 million, while Do Kwon proposed $800,000.

The SEC also proposed to ban Do Kwon from serving as an officer or director of a securities issuer and to provide full details of his accounts and assets.

Ontario Court in Canada sues Binance for securities violations

On April 23, according to financefeeds, the Ontario Superior Court of Justice in Canada filed a class action lawsuit against the Binance cryptocurrency trading platform, accusing it of violating securities laws by selling crypto derivatives to retail investors without registration.

The lawsuit seeks damages and the cancellation of these transactions. It also claims that Binance's business failed to carry out the necessary registration and prospectus filing in accordance with securities regulations. The court stated in its ruling: "The plaintiff claims that these sales are illegal and invalid due to the lack of necessary registration."

Two U.S. SEC lawyers resigned after being accused of "abusing power" in a crypto case

On April 23, according to Bloomberg, two lawyers from the U.S. Securities and Exchange Commission (SEC) resigned after a federal judge severely accused Wall Street regulators of "serious abuse" of power in a crypto case.

Michael Welsh and Joseph Watkins resigned this month after an SEC official told them they would be fired if they stayed on, according to people familiar with the matter. The two were lead counsel in a case against Digital Licensing Inc., a crypto platform called DEBT Box.

U.S. District Judge Robert Shelby in Salt Lake City said the regulator’s case against DEBT Box was marred by false and misrepresentations and a lack of evidence. Shelby took the extreme step of sanctioning the agency in March for abusing its power, and the SEC’s enforcement chief has apologized for those missteps.

Swiss Bitcoin advocates launch referendum on "Including Bitcoin in national asset reserves"

On April 22, according to Cryptoslate, Swiss Bitcoin advocate, founder and chairman of non-profit think tank 2B4CH Yves Bennaïm launched a referendum urging the Swiss National Bank (SNB) to include Bitcoin in national asset reserves.

It is reported that the launch of this referendum depends on whether 100,000 valid signatures of Swiss citizens can be obtained. If the required number is reached, Swiss citizens will vote on the proposed amendment.

Hong Kong police freeze more than $29 million worth of assets related to JPEX

On April 22, according to DL News, Hong Kong police froze more than $29 million worth of assets related to the defunct cryptocurrency trading platform JPEX. The trading platform collapsed in September last year, involving a $403 million fraud. Currently, the number of arrests related to JPEX has risen to 72 people, including employees and social media influencers.

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