Blockbeats Daily｜Runestone’s market value surpasses BAYC; less than 2,000 blocks remain until Bitcoin’s “halving”

Featured News:

1. Runestone's market value surpasses BAYC, and the NFT market value ranking rises to second place;

2. The Bitcoin whale address that has been dormant for more than 10 years has just transferred out 246 Bitcoins, and the address has a floating profit of more than 100 million US dollars;

3. Polygon modular blockchain project Avail joins the AI game alliance initiated by NIM Network;

4. There are less than 2,000 blocks left before Bitcoin "halving";

5. Beijing police cracked a series of virtual currency cases involving more than 2 billion yuan

 

Price Observation

 

CKB briefly broke through $0.026, up more than 24 hours 33%

On April 7, according to market information, CKB briefly broke through $0.026 and then fell back. It is now quoted at $0.02516, up more than 33% in 24 hours.

 

Ethereum breaks through $3,400

On April 7, according to the market data, Ethereum broke through $3,400 and is now quoted at $3,402, up 2.5% in 24 hours.

 

Runestone's market value surpasses BAYC, and the NFT market value ranking has risen to second place

On April 7, according to Coingecko data, Runestone's floor price rose to 0.062 BTC (about 4,305 US dollars), a 24-hour increase of 24.9%. Runestone's market value reached 483 million US dollars, surpassing BAYC's 408 million US dollars, and the NFT market value ranking rose to second place.

 

Bitcoin briefly broke through 69,000 US dollars

On April 7, according to the market data, Bitcoin briefly broke through $69,000 and is now quoted at $68,876, with a 24-hour increase of 1.46%.

 

ORDI broke through $70, with a 24-hour increase of more than 16%

On April 6, according to the market information, ORDI broke through $70 and is now quoted at $70.24, with a 24-hour increase of more than 16%.

 

Transaction Tracking

 

A whale recharged 1822 ETH to Binance 8 hours ago, equivalent to 6.09 million US dollars

On April 7, according to @ai_9684xtpa monitoring, eight hours ago, the ETH band whale recharged 1822 ETH to Binance, worth 6.09 million US dollars

 

This ETH was transferred from Binance two weeks ago, with an average price of 3632 US dollars. If all are sold, a loss of 526,000 US dollars will be incurred; the whale also left the market at a loss from March 5 to March 19: the opening price was 3813 US dollars, the exit price was US$3,303, and the loss was US$830,000.

 

A whale hoarded 113.735 BTC again 1 hour ago, and accumulated 1,308 BTC since March 6

On April 7, according to Lookonchain monitoring, 1 hour ago, a whale hoarded 113.735 BTC (US$7.85 million) from Binance again.

 

Since March 6, the whale has hoarded 1,308 BTC (US$89.75 million) at an average price of US$68,617.

 

A whale transferred ETH worth $19.42 million to Binance 1 hour ago

On April 6, according to Ember monitoring, the smartestmoney.eth address transferred ETH worth $19.42 million to Binance 1 hour ago. It is reported that the address bought a total of 22,771 ETH at an average price of $1,691 in August last year. So far, it has stopped profit and reduced its position by 16,443 ETH, making a profit of about $15.44 million.

 

In addition, the address is redeeming the last 6,280 stETH held into ETH, which may continue to be transferred to Binance after redemption.

 

A newly created address withdrew $2.67 million worth of PENDLE from Binance 3 hours ago

On April 6, according to Lookonchain monitoring, a newly created address withdrew $2.67 million worth of PENDLE from Binance 3 hours ago.

 

The market information shows that PENDLE is currently quoted at $7.11, with a 24-hour increase of 23.85%.

 

A Bitcoin whale address that has been dormant for more than 10 years has just transferred out 246 Bitcoins, and the address has a floating profit of more than 100 million US dollars

On April 6, according to the chain information, the Bitcoin whale address (starting with 1CLxm) that has been dormant for more than 10 years has just been activated and transferred out 246 Bitcoins. The address accumulated 1,701 Bitcoins during 2013-2014, which was worth about 1.06 million US dollars at the time, and the current value has exceeded 115 million US dollars.

 

 

Project News

 

Pandora announces the launch of Launchpad platform

On April 7, the ERC-404 project Pandora stated on the social platform that the launch of the Launchpad platform is the first of three strategic initiatives aimed at achieving the vision of widespread adoption. The launch of Launchpad marks a key expansion across multiple networks, providing creators with exposure and flexibility, and providing rewards directly to holders.

 

ether.fi will launch its second Liquid vault next week

On April 7, Ethereum liquidity re-pledge agreement ether.fi stated on the social platform that it will launch its second Liquid vault next week, which is a US dollar market neutral strategy that allows users to save, invest and consume in the cryptocurrency field.

 

Atomicals Protocol: AVM details will be announced in stages in the coming weeks

On April 6, Bitcoin Atomicals Protocol stated on its social platform that it will announce the details of the AVM smart contract system in stages in the coming weeks.

 

In addition, the team also launched a donation campaign for AVM, saying that "we are actively thinking about how to give value back to supporters." For example, the names and messages of supporters will be written into the AVM white paper.

 

Web3 social simulation game Today NFT Ancient Seed will be minted on April 9

On April 6, according to the official announcement, the Web3 social simulation game Today NFT Ancient Seed will be minted on April 9. Users can log in to the relevant page to check the address casting qualifications.

 

Whales Market will integrate the Runes protocol and will open RSIC transactions

On April 6, according to the official announcement, Whales Market announced that it will integrate the Runes protocol, provide native support for UTXO-based tokens, and will open RSIC pre-market trading.

 

 

Polygon modular blockchain project Avail joins the AI Game Alliance initiated by NIM Network

According to the official announcement, Polygon modular blockchain project Avail announced that it has joined the AI Game Alliance initiated by NIM Network. The strategic partnership between the two parties will focus on creating a dedicated DA solution for artificial intelligence games. Previously, the decentralized data sharing protocol OceanProtocol, the on-chain competition platform JokeRace and the Web3 social simulation game Today have joined the alliance.

 

 

OpenBit, the first liquidity aggregation network in the Bitcoin ecosystem, released a white paper

On April 6, OpenBit, the first liquidity aggregation network in the Bitcoin ecosystem, released the OpenBit white paper Beta version on the X platform. The white paper explores the new Bitcoin cross-chain, liquidity aggregation infrastructure and cross-chain DeFi services, and looks forward to the goal of releasing the potential of the Bitcoin ecosystem to the next level.

 

CeFi News

 

Bitget will launch Mumu the Bull (MUMU) in the Innovation Zone and Meme Zone

On April 6, according to the official announcement, Bitget will launch Mumu the Bull (MUMU) in the Innovation Zone and Meme Zone. Recharge is currently open, trading will be open at 19:00 on April 5, and withdrawals will be open at 20:00 on April 6.

 

Viewpoint Data

 

Data: Bitcoin spot ETF has accumulated a net inflow of more than 12.6 billion US dollars

On April 7, according to Farside Investors data, Bitcoin spot ETF has accumulated a net inflow of 12.6132 billion US dollars since its launch. Among them:

 

· IBIT has accumulated a net inflow of 14.7691 billion US dollars;

· FBTC has accumulated a net inflow of 7.9576 billion US dollars;

· GBTC has accumulated a net outflow of 15.5053 billion US dollars.

 

Less than 2,000 blocks left until Bitcoin halving

On April 7, according to BTC.com, there are less than 14 days left until the fourth Bitcoin halving, with 1,953 blocks remaining.

 

Block halving refers to the process of reducing the amount of digital currency generated per unit time, mainly achieved by reducing block rewards. So far, the Bitcoin network has experienced three halvings in 2012, 2016 and 2020.

 

Marathon Digital holds more than $1.1 billion worth of Bitcoin

On April 6, according to Arkham monitoring, 23 addresses of Bitcoin mining company Marathon Digital Holdings held more than $1.1 billion in Bitcoin. The company mined 12,850 Bitcoins in 2023, generating $387.5 million in revenue.

 

AINN Layer2's first-day TVL exceeded $600 million, currently ranking first in DefiLlama Layer2's first-day TVL

On April 6, the mainnet staking event of AINN Layer2, the first Bitcoin second-layer network project that supports large-scale applications of decentralized AI, the first-day on-chain asset staking value TVL of AINN Layer2 Dataset exceeded $600 million, becoming the Layer2 with the largest total TVL within 24 hours.

 

Currently AINN Layer2 supports users to stake BTC on the mainnet, and will support BRC-20 asset staking in the future. Staking designated assets on the AINN Layer2 mainnet can earn staking points, which can be used to redeem future ANVM token airdrops.

 

Financing Express

 

QuantAMM Completes $1.85 Million Pre-seed Round of Financing, 8VC and Other Participants

On April 7, QuantAMM, an on-chain asset management infrastructure provider, announced the completion of a $1.85 million Pre-seed round of financing, with participation from 8VC, Mako, Marshland Capital, 369 Capital, TradFi and DeFi angel investors. This round of financing was achieved after QuantAMM completed the Longhash and Hypernest accelerator programs.

 

QuantAMM is preparing to launch its V1 and Layer 2 solutions on the Ethereum mainnet in the second quarter. From 2024 to 2025, QuantAMM will expand its product range to include cross-chain solutions and a set of infrastructure tailored for institutional clients.

 

Regulatory News

Caixin: BlueSky Green's illegal fundraising case is expected to refund less than 5% in China, and 61,000 bitcoins have been seized by the British police

On April 7, Caixin reported that in the BlueSky Green's 43 billion yuan illegal fundraising case, it is expected that less than 5% can be returned in China. At present, 61,000 bitcoins have been seized by the British police. The hearing on the proceeds of crime will be held in September 2024. Caixin searched through public channels and found that there are very few similar successful cross-border asset recovery cases in China. In addition, according to international practice, sharing is the mainstream way to recover and dispose of confiscated assets across borders. The International Cooperation Department of the Ministry of Justice of China replied that it did not know the specific case and it was inconvenient to disclose it.

BlockBeats previously reported that on January 30, the Financial Times reported that 42-year-old Wen Jian was charged with three counts of money laundering for assisting a Chinese woman named Yadi Zhang in laundering money. According to prosecutors, Zhang stole about 5 billion pounds from more than 128,000 Chinese investors through wealth management fraud between 2014 and 2017, then exchanged the money for Bitcoin and arrived in London in 2017 under a false identity. Wen is accused of helping Zhang exchange some of the Bitcoin for cash, jewelry and other luxury goods, and property.

 

Beijing police cracked a series of virtual currency cases involving more than 2 billion yuan

Recently, the Beijing police and the Beijing branch of the State Administration of Foreign Exchange jointly cracked a series of virtual currency cases involving more than 2 billion yuan, involving 15 provinces and cities including Beijing, Shanghai, and Zhejiang. It is worth noting that this case is not only a variety of hidden criminal methods, but also a "serial case", from dark web transactions to illegal foreign exchange transactions, which is complicated.

Beijing police previously received clues that someone used the "dark web" and virtual currency to transmit information and conduct virtual currency transactions, especially illegally selling various types of private information of Chinese citizens. In addition, the police found that the suspect Yan Moumou used virtual currency to settle all transactions in the process of selling citizen information. In the process of exchanging virtual currency for cash, the amount was particularly huge, which also attracted the attention of the police.

After in-depth investigation, the criminal facts of the six members of Lin Moumou's underground bank and Yan Moumou who illegally sold citizens' information were gradually clarified. In December 2023, the police divided into four groups and took action simultaneously in Wenzhou, Nanjing, Beijing, and Harbin to arrest all the suspects involved in the case. The police seized more than 20 mobile phones and other electronic devices and more than 30 bank cards engaged in illegal activities on the spot. After counting, the case involved a total of more than 2 billion yuan in funds, and more than ten virtual currency wallets were used for illegal transactions.

The Economic Crime Investigation Corps of the Beijing Municipal Public Security Bureau stated that in my country, virtual currency-related business activities are illegal financial activities. Using virtual currency as a cross-border transaction medium to realize the illegal exchange of foreign exchange and RMB are all illegal foreign exchange transactions.

 

Google sues two Chinese software developers, accusing them of using fake encryption apps for fraud

On April 6, according to DL News, Google recently sued two Chinese software developers in federal court in New York, accusing them of creating fake encryption applications and guiding more than 100,000 people to download them, and implementing "pig killing" fraud.

Google accused Yunfeng Sun of Shenzhen and Hongnam Cheung of Hong Kong, China of creating at least 87 such applications since 2019. Some of them are typical "pig killing" scams, where criminals engage in conversations with victims through messaging apps, win their trust, and then convince them to invest in fake projects.

It is reported that the fake applications include fake cryptocurrency trading platforms called TionRT and SkypeWallet, which were deleted after user complaints and Google investigation.