ETH Weekly | V God donated $5 million in ETH to Ukraine; Goldman Sachs plans to expand OTC encryption options trading to Ethereum (4.4~4.10)
Author | Qin Xiaofeng
Editor | Hao Fangzhou
Produced | Odaily
1. Overall overview
Author | Qin Xiaofeng
secondary title
Second, the secondary market
1. Spot market
On April 8, the charities Aid for Ukraine and Unchain Fund announced that Ethereum co-founder Vitalik Buterin (V God) has donated $5 million in ETH to these two institutions, and each charitable institution received a value of $2.5 million. Ethereum in dollars. Transaction records show that Vitalik sent three donations from the Ethereum address vitalik.eth, namely 750 ETH, 250 ETH and 500 ETH. "Special thanks to Vitalik Buterin for standing with the Ukrainian people," Deputy Minister of Digital Transformation Alex Bornyakov tweeted.
In terms of the secondary market, the current ETH price may continue to consolidate in the short term, with support levels at $3,100, $3,000, and resistance at $3,550.
According to OKX market data, the price of ETH fell to around $3,100 last week and closed at $3,255 during the week, a 7% month-on-month drop.
2. Large transaction
OKlink dataThe daily chart shows that the price stands firm at $3,000. In the short term, the price may continue to test the $3,500 mark, which is also the 120-day moving average, but there is strong resistance; the lower support levels are $3,100 and $3,000.
3. Rich list address
OKlink dataIt shows that the number of on-chain transfers dropped slightly last week, with "above 1,000 ETH", "above 2,000 ETH" and "above 5,000 ETH" decreasing by 19.5%, 8.5%, and 6% month-on-month, respectively.
3. Ecology and technology
1. Technological progress
It shows that the current top 300 ETH holdings hold a total of 53.13% of ETH, an increase of 0.02% month-on-month; in addition, the entire position distribution presents an oval structure, and the proportions of each part are: 1st to 100th, accounting for 39.66%, 101st to 300th, accounting for 13.47%, down 0.13% from the previous month; 301st to 500th, accounting for 5.91%, down 0.06% from the previous month; 501st to 1000th, accounting for 7.16%, down 0.03 from the previous month %; after the 1001st place, accounting for 33.82%, a month-on-month increase of 0.08%.
2. Voice of the Community
3. Ecology and technology
1. Technological progress
The Ethereum JavaScript library Ethers.js proposes EIP-3540: EVM Object Format (EOF) v1, which is currently under review. EIP-3540 introduces a container format for EVM bytecode that makes separating code and data cleaner; allows bytecode to be verified at deployment time according to platform rules; and enables easier introduction of new breaking change features.
3. Project trends
2. Voice of the Community
Vitalik donates $5 million in ETH to Ukrainian charity
Transaction records show that Vitalik sent three donations from the Ethereum address vitalik.eth, namely 750 ETH, 250 ETH and 500 ETH. "Special thanks to Vitalik Buterin for standing with the Ukrainian people," Deputy Minister of Digital Transformation Alex Bornyakov tweeted. (Cointelegraph)
(1) Kava announced that the Ethereum co-chain Beta test network has been launched
Kava announced that its Ethereum co-chain Beta test network has been launched. The test network has upgraded the EVM infrastructure, added additional verifiers to improve stability, and will conduct stress tests on cross-protocol interaction, data indexing, and query tool integration. . In addition, the Kava Network 1.0 mainnet is expected to be launched on May 5, which will support the seamless cooperation between the Ethereum common chain and the Cosmos common chain.
(2) The StarkNet cross-chain bridge StarkGate Alpha has been launched on the testnet
The first version of StarkNet Bridge, StarkGate Alpha, has been launched on the Goerli test network and will be deployed on the main network soon. After launching the mainnet, StarkGate Alpha will initially only support ETH to allow the use of fee mechanisms; support for WBTC, USDC, USDT, and DAI will be added thereafter. It is reported that StarkGate acts as a gateway between Ethereum and StarkNet and allows users to transfer assets across chains.
(3) Ethermine launched the Ethermine Staking Beta version
Ethereum mining pool Ethermine announced the launch of the Ethermine Staking Beta version. The mining pool claims that “Ethermine Staking is the first regulated investment product based on Ethereum PoS in Austria.” However, they did not elaborate on what “regulated” means in this context.
Staking itself is not regulated in Europe or anywhere else, Trustnodes reported. If ETH is pledged to a third party such as Ethermine, there may be an escrow trust relationship, which requires KYC for the pledger. Ethermine stated that Ethermine Staking requires KYC to meet regulatory standards, so it will not be able to support customer registration from the United States in the foreseeable future. (Trustnodes)
(4) Symbiosis Finance, a stable currency cross-chain bridge, reached a cooperation with Boba Network
(5) YouTube celebrity Logan Paul and others launched Liquid MarketPlace and raised USD 8 million
Users who want to sell physical items on the marketplace must send them to a vault. Once held for Liquid MarketPlace, the item can be sold on the marketplace for 10 cents of the item's value per token. These tokens will be ERC-20 tokens on the Ethereum blockchain and can be transferred off-market, though users are advised to avoid doing so for security reasons.
Boba Network, an Ethereum Layer 2 scaling solution, announced the completion of a US$45 million Series A financing at a valuation of US$1.5 billion. This round of financing was led by Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Dreamers VC, LD Capital , RedlineDAO and M13 Ventures participated in the investment. This round of financing was completed in the form of selling Boba Network Token (BOBA). The funds from this round of financing will be used to expand the size of its team and bring more developers to its platform. (The block)
4. Borrowing
Defipulse(7) Index Coop launched the first Ethereum income product icETH
4. Borrowing
5. Mining
(data from etherchain.org)
etherchain.orgFrom the perspective of individual projects, the top three lock-up values are: Maker $15.27 billion; Aave $11.35 billion; Curve $10.38 billion.
4. News
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(data from etherchain.org)
The data shows that last week, the average computing power rose by 2.5% month-on-month, temporarily reporting 1030TH/s; the average mining difficulty rose by 3.5% month-on-month, temporarily reporting 13201T; the activity on the chain decreased by 13% month-on-month, and the total mining revenue rose by 4% month-on-month; According to Etherscan data, the Ethereum network Gas fee dropped to 10 gwei at one point.
4. News
(1) Bloomberg Intelligence: According to the discounted cash flow model, ETH is worth $6,128
The Bloomberg Intelligence report states that based on the discounted cash flow model, ETH is worth $6,128, roughly 180% of its current price. After Ethereum is merged, stakers of Ethereum will be entitled to a portion of future revenue, or transaction fees incurred on the network. At the same time, since blockchain has no direct costs, revenue is profit. This allows the use of traditional financial ratios, such as price-to-earnings multiples.
According to the data, the report uses three different discounted cash flow models to arrive at an ETH value of $6,128, $5,539, and $9,328, with an average of $6,998, the report noted.
According to the same report, assets under management in cryptocurrency exchange-traded products (ETPs) could exceed $120 billion by 2028, driven by increased institutional demand and changes in U.S. regulations. The AUM of crypto ETPs is currently around $60 billion. (Market Watch)
