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Rhythm Morning News | US SEC accuses MetaMask of being an unlicensed broker; payment giant Stripe will accept crypto payments again after 6 years

Rhythm Morning News | US SEC accuses MetaMask of being an unlicensed broker; payment giant Stripe will accept crypto payments again after 6 years

BlockBeats2024/04/26 02:07
By:BlockBeats

Featured News:

1. The U.S. SEC issued a Wells Notice to ConsenSys, accusing MetaMask of being an unlicensed broker;

2. Payment giant Stripe will resume accepting cryptocurrency payments after 6 years;

3. Solana second-generation mobile phone users may have "recovered their investment";

4. ViaBTC's Epic Sat auction for the fourth Bitcoin halving block ended with a transaction price of 33.3 BTC;

5. Ethereum blue-chip NFT market rebounded, with BAYC rising nearly 40% in 7 days;


Price Observation


W rose to $0.66 and then fell back, up more than 24 hours 14%

On April 26, according to OKX market data, W briefly rose to $0.66 and is now quoted at $0.6247, a 24-hour increase of 14.11%.


Ethereum blue chip NFT market rebounded, BAYC rose nearly 40% in 7 days

On April 26, according to Blur data, Ethereum blue chip NFT series market rebounded, including:

Pudgy Penguins floor price temporarily reported 12.88 ETH, 7 days increase of 17.59%;

LilPudgys floor price temporarily reported 1.04 ETH, 7 days increase of 17.10%;

BAYC floor price temporarily reported 16.90 ETH, 7 days increase of 39.78%;

MAYC floor price temporarily reported 2.87 ETH, 7 days increase of 43.64%;

BAKC The floor price is temporarily reported at 0.71 ETH, with a 7-day increase of 60.4%;

DeGods floor price is temporarily reported at 1.82 ETH, with a 7-day increase of 34.81%;

Azuki floor price is temporarily reported at 4.57 ETH, with a 7-day increase of 13.36%.


ViaBTC's Bitcoin fourth halving block rare Sat auction ended, with a transaction price of 33.3 BTC

On April 26, ViaBTC’s Epic Sat auction for Bitcoin’s fourth halving block ended with a transaction price of 33.3 BTC, equivalent to approximately $2.13 million. Earlier news reported that the fourth Bitcoin halving block (840,000) was mined by ViaBTC, containing a total of 3050 transactions, and the block reward (including transaction fees) reached 40.751 BTC.


CryptoPunk 635 sold for 4,000 ETH, about 12.41 million US dollars

On April 25, according to the official website, CryptoPunk 635 was sold for 4,000 ETH 21 minutes ago, about 12.41 million US dollars.


The U.S. blockchain sector fell across the board, with Riot Platform down 6.4%

On April 25, the U.S. blockchain sector fell across the board, with Riot Platform down 6.4%, Marathon Digital (MARA.O) down 6.2%, and Coinbase (COIN.O) down 3.2%. According to news reports, the U.S. Securities and Exchange Commission is expected to refuse to approve the spot Ethereum ETF next month. (Jinshi)


Transaction Tracking


Justin Sun's address transferred 5,000 BNB to Binance

On April 26, according to @ai_9684xtpa's monitoring, seven hours ago, Justin Sun's associated address 0x176...0a132 recharged 5,000 BNB to Binance, equivalent to approximately US$3.07 million.


Justin Sun bought another 21,547 ETH, equivalent to about 67.5 million US dollars

On April 25, according to Lookonchain monitoring, 2 minutes ago, Justin Sun purchased another 21,547 ETH (US$67.5 million) Since April 8, Justin Sun has purchased 176,117 ETH (US$559.7 million) at an average price of US$3,172.


Grayscale transfers 800 BTC to Coinbase Prime

On April 25, according to Arkham data, the Grayscale address transferred 800 BTC to the Coinbase Prime address about 12 minutes ago, equivalent to US$50.67 million. In addition, Grayscale also transferred 1,128 BTC (about $71.42 million) to 1 new address.


Project Dynamics


Magic Eden has now expanded to the Base network

On April 26, the NFT trading market Magic Eden has now expanded to the Base network, and users can collect diamond rewards and enjoy a limited-time 0.5% fee on this new Base NFT market. In addition, Base assets are now supported in ME Wallet, unlocking ETH Retro Diamonds through Base tasks, which means that operations that earn diamonds on Base will also unlock bonus diamonds on ETH.


Web3 game platform Immutable will launch a $50 million crypto game "reward program"

On April 25, according to The Block, the Web3 game platform Immutable said it would launch a $50 million game "reward program" Immutable said its ecosystem "has more than 270 games currently under development", including "Illuvium" and "MetalCore". Players can get rewards immediately by exploring tasks, playing games and owning collections on Immutable.


Wormhole: W becomes a native multi-chain token, completing the second phase of the roadmap, and will launch MultiGov and W staking

On April 25, according to the official announcement, the native W token is now available on Solana, Ethereum, Arbitrum, Optimism, and Base through Wormhole Native Token Transfers (NTT). Through NTT, users can seamlessly transfer W between Solana, Ethereum mainnet, and EVM L2 without the complications of liquidity fragmentation or liquidity pools, while retaining the utility of W in the Wormhole ecosystem. On Solana, W is the SPL token and W is the ERC20 token on the EVM chain. W becomes a native multi-chain token, completing the second phase of the W release roadmap. The launch will bring the first multi-chain governance system MultiGov and W staking governance.


ZetaChain: 5% of the total supply of ZETA will be provided to developers and dApp ecosystem development programs

On April 25, according to the official announcement, ZetaChain will provide 5% of the total supply of ZETA to developers and dApp ecosystem development programs, of which 1% of the total supply (21 million ZETA) will be used for Bitcoin-focused projects. The program will provide support through grants, incentives and community activities to develop products, services and solutions that utilize ZetaChain's native Bitcoin integration.


Aethir launches Aethir Cloud Drop, which will distribute part of the ATH token to the community

On April 25, the decentralized cloud computing infrastructure project Aethir stated on the social platform that it launched Aethir Cloud Drop, which started today and will last until May 12, and will distribute part of the upcoming ATH token supply to the community. The Aethir Cloud Drop event uses a badge and task system to determine eligibility for the airdrop. Users can qualify in the following ways: · Purchase an Aethir Checker node; · Participate in social media; · Take quizzes; · Mention friends; · Become part of a specific NFT/token community.


Arbitrum, Optimism, Polygon, StarkWare and zkSync will be integrated with the Avail DA solution

On April 25, according to The Block, Arbitrum, Optimism, Polygon, StarkWare and zkSync will be integrated with the Avail DA solution. Avail co-founder Anurag Arjun said that Avail's DA is still in the testnet, but it is expected to go online soon.


Modular blockchain Sophon announces SOPH token economics, nodes are allocated 20% of the total

On April 25, the zkSync-based modular blockchain Sophon has announced the token economics of the token SOPH. The specific allocation and unlocking information is as follows:

· Node allocation 20% (released in 36 months, and will be locked for an additional 3 months after receiving);

· Sophon Foundation allocates 25% (locked for 12 months, then released in 36 months);

· Seed contributors allocate 20% (locked for 12 months, then released in 24 months);

· Consultants allocate 5% (locked for 12 months, then released in 36 months);

· 30% of the ecosystem reserves are allocated for donations and other ecological incentives.


io.net CEO: The official is checking the problem and will fix it as soon as possible

On April 25, Ahmad Shadid, founder and CEO of io.net, said in Discord that hackers can only change the user's device private name, and no one runs any new containers on the machine. The official is checking and will fix it as soon as possible. According to previous reports, according to feedback from community users 826.eth, hackers directly modified the names and online status of multiple io.net machines through the API to pollute the data. Currently, the names and online status of multiple machines have been modified.


CeFi News


Payment giant Stripe will resume accepting cryptocurrency payments after 6 years

On April 26, according to TechCrunch, payment giant Stripe will resume accepting cryptocurrency payments after 6 years. The company announced on Thursday that it will allow customers to accept cryptocurrency payments, first supporting USDC stablecoins, which will only be used on Solana, Ethereum and Polygon. It is reported that this is the first time Stripe has accepted crypto payments since 2018, when the company abandoned support for Bitcoin payments due to high Bitcoin price volatility. Stripe first tried to re-enter the cryptocurrency market in 2022, when it announced spending in the form of USDC (but not accepting payments), and Twitter was a major customer of the service. Stripe co-founder and president John Collison will announce the news at the company's Connect developer conference in San Francisco this week.


Viewpoint Data


Paradigm recommends that the EVM network use "Gas per second" to measure network performance and create new performance standards based on this

On April 26, Paradigm published an article suggesting that the EVM community adopt Gas per second as a standard metric and combine other dimensions of Gas pricing to create comprehensive performance standards. Paradigm believes that blockchain network performance is usually measured by the "transactions per second" (TPS) metric, but for Ethereum and other EVM blockchains, a more detailed and perhaps more accurate metric should be "gas per second", which reflects the amount of computational work that the network can handle per second, where "gas" is a unit of measurement of the amount of computational work required to execute operations such as transactions or smart contracts, and also helps to compare the performance of different Ethereum Virtual Machine (EVM) compatible chains.


Data shows that currently in the EVM network, the best performing network is opBNB (100mgs/s) and the worst performing network is the Ethereum mainnet (1.25mgs/s). Reth, created by Paradigm, has reached 100-200mgas/s during real-time synchronization (including sender recovery, transaction execution, and calculation of trie on each block), and its short-term goal is to reach 1 gigagas/s (1 billion per second).


Today, 9 ETFs reduced their holdings by a total of 1,104 BTC, equivalent to approximately $70.1 million

On April 25, according to Lookonchain monitoring, Grayscale reduced its holdings by 1,019 BTC (-$64.67 million) and currently holds 302,664 BTC ($19.2 billion). Blackrock did not add any BTC and still holds 274,462 BTC ($17.4 billion). 9 ETFs (including Grayscale) reduced their holdings by 1,104 BTC (-$70.1 million).


a16z Crypto CTO criticized Memecoin, saying it undermines the "long-term vision" of cryptocurrency

On April 25, according to The Block, a16z Crypto CTO Eddy Lazzarin criticized Memecoin, saying it undermined the "long-term vision" of cryptocurrency, tarnished the "public, regulators and entrepreneurs"' views on the industry, and acted as a casino for a "relatively small number of people." Eddy Lazzarin, CTO of a16z Crypto, said in an article: "Memecoin has changed the way the public, regulators, and entrepreneurs think about cryptocurrency. At best, it looks like a risky casino. Or a series of false promises that cover up a casino. This has deeply affected adoption, regulation/law, and the behavior of blockchain builders. I see this damage every day." Michael Dempsey, managing partner of investment firm Compound, said: "Seeing memecoin lead to a loss of cryptocurrency developers, the extent of which is even worse than the bear market in the past few years."


Financing Express


Pantera Capital plans to raise more than $1 billion for the new crypto fund Pantera Fund V

On April 26, Bloomberg cited people familiar with the matter as saying that venture capital firm Pantera Capital plans to raise more than $1 billion for its new cryptocurrency fund Pantera Fund V, which will provide investors with exposure to blockchain assets. Pantera Fund V will be the agency's second "integrated" fund that invests in startup equity, early tokens, liquidity tokens and other assets. A Pantera spokesperson did not immediately respond to a request for comment. Pantera had previously sought to raise $1.25 billion for its second blockchain fund in September 2022. The above-mentioned people familiar with the matter added that the $1.25 billion fund and the $1 billion Pantera Fund V are not the same.


Spotlight completes $2 million Pre-Seed round of financing, led by Folius Ventures

On April 26, according to Decrypt, the on-chain cultural and creative platform Spotlight announced the completion of a $2 million Pre-Seed round of financing, led by Folius Ventures. It is reported that Spotlight solves the problem of on-chain and off-chain asset liquidity guidance through gamification to promote the development of emerging culture, especially Eastern culture.


CARV Completes $10 Million Series A Financing, Tribe Capital and IOSG Ventures Lead Investors

On April 25, the game and AI modular data layer CARV announced the completion of a $10 million Series A financing, led by Tribe Capital and IOSG Ventures, with participation from Consensys, OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave, LiquidX and others. It is reported that CARV aims to build a modular data layer for games and artificial intelligence.


Regulatory News


FBI warning: Americans should not use unregistered cryptocurrency transmission services

On April 26, according to The Block, the US Federal Bureau of Investigation (FBI) said on Thursday that Americans should not use cryptocurrency transmission services provided by companies that are not registered as money service businesses (MSBs) under federal law. At the same time, the FBI also provided FinCEN's official tool, allowing users to check whether a company is registered as an MSB. In addition, the FBI also warned users not to use encryption services that do not require KYC information before allowing the sending or acquisition of cryptocurrency.


The statement said, "The FBI recently conducted enforcement actions against cryptocurrency services that are not licensed under federal law. People who use unlicensed cryptocurrency transfer services may experience financial disruptions during enforcement actions, especially when their cryptocurrency is mixed with funds obtained through illegal means." "Cryptocurrency transfer services that intentionally violate the law or knowingly assist in illegal transactions will be investigated by law enforcement. Using services that fail to fulfill their legal obligations may cause you to lose access to your funds after law enforcement takes action against these businesses."


The U.S. SEC issued a Wells Notice to ConsenSys, accusing MetaMask of being an unlicensed broker

On April 26, the U.S. SEC issued a "Wells Notice" to Ethereum infrastructure development company ConsenSys, accusing MetaMask of operating as an unlicensed broker.


Consensys sues the U.S. SEC, MetaMask services are not illegal

On April 26, Ethereum infrastructure development company Consensys sued the U.S. SEC, accusing it of "illegal power usurpation" of Ethereum. The company hopes that the federal court will declare that Ethereum is not a security, and any investigation of ConsenSys based on the idea that Ethereum is a security "will violate" the company's Fifth Amendment rights and the Administrative Procedure Act. MetaMask is not a broker under federal law, and MetaMask's pledge service does not violate securities laws, and prohibits the SEC from investigating or taking enforcement actions related to MetaMask's exchange or pledge functions.


In a lawsuit filed Thursday against the SEC and all five of its commissioners, Consensys revealed that it received a Wells Notice from the SEC on April 10, indicating that the SEC intends to take enforcement action against the company's MetaMask wallet product for violations of securities laws. Consensys denies acting as a broker and says the wallet is "simple and interface-free" and "does not hold customers' digital assets nor perform any trading functions."


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