Headlines
Avail announces airdrop details and opens airdrop query website
Avail announced the airdrop details on the X platform and opened the airdrop query website. The total amount of airdrop is 600 million AVAIL. The airdrop targets and the number of AVAIL tokens are as follows:
- Ecosystem developers: developers who have made significant contributions to Github repos - 90 million AVAIL;
- Incentivized testnet contributors: winners of the Collision Node Incentive Leaderboard and Light Client Challenge — 49.5 million AVAIL;
- Ethereum L2 users: Highly active users of Arbitrum One, OP Mainnet, Polygon zkEVM, Starknet, and zkSync — 380 million AVAIL;
-Polygon PoS stakers: Polygon PoS stakers - 70 million AVAIL;
- Community Contributors: Individuals who have made significant contributions to the ecosystem in terms of education, advocacy, and governance — 10.5 million AVAIL.
Binance obtains Dubai Virtual Asset Service Provider License
Binance CEO Richard Teng said that Binance has obtained the Dubai Virtual Asset Service Provider (VASP) license.
The Dubai Virtual Asset Regulatory Authority (VARA) register shows that Binances Dubai-based subsidiary Binance FZE has held an Operational MVP license to provide broker-dealer and exchange services since mid-2023, a transitional stage before obtaining a full VASP license.
There is a 96% chance that the Fed will keep interest rates unchanged in May
According to CMEs Fed Watch, the probability of the Fed keeping interest rates unchanged in May is 96%, and the probability of a 25 basis point rate cut is 4%. The probability of the Fed keeping interest rates unchanged by June is 83.1%, and the probability of a cumulative 25 basis point rate cut is 16.3%.
Industry News
Report: OKX, Binance and Bybit monthly trading volumes have at least tripled since October 2023
A report released by Bybit on April 18 showed that monthly trading volumes of multiple CEXs at least tripled from October 2023 to March 2024.
Since October last year, OKXs monthly trading volume has increased by 278%, Binances monthly trading volume has increased by 239%, and Bybits monthly trading volume has increased by 264%. A Bybit spokesperson said that the growth rates of all three exchanges exceeded the industry average growth rate of 255%.
In addition, Coinbase’s trading volume increased by 193%, slightly below the average growth rate. According to Bybit, the significant growth trend of CEX trading volume was largely driven by the rise in Bitcoin prices.
Adam, a researcher at Greeks.live, posted on social media that although Bitcoin fell below the $60,000 mark and Ethereum fell below the $3,000 mark yesterday, and market panic spread extremely, the IV of major term options has declined significantly. This is mainly due to the sharp drop in the price of call options. The current monthly skew has hit a new low since this round of bull market, that is, the price of put options is much higher than that of call options, and the medium and long-term options have fallen to near the zero axis. From the perspective of option indicators, Ethereums bulls are relatively fragile and have limited ability to lead the market. Bitcoins bullish power still exists, and the halving will be this Saturday. This months bull market still needs Bitcoin to lead.
Last week, BTC NFT sales exceeded the total sales of Ethereum, Solana, and Polygon NFTs
According to a post on the OKX official account on the X platform, the sales volume of BTC NFTs last week exceeded the combined sales volume of Ethereum, Solana, and Polygon NFTs.
Venture capital funding for cryptocurrency and blockchain projects just experienced its first quarterly growth since 2021, according to data released today by Crunchbase.
In the first quarter of 2024, Web3 startups raised nearly $1.9 billion across 346 deals, up 58% from the last quarter of 2023. But the overall downward trend in cryptocurrency venture capital interest continues, down 17% from the first quarter of last year, with about half the number of deals.
Chris Metinko, the report’s author, said recent investors who have invested in Web3 are more “long-term investors,” in contrast to some of the hype-chasing “tourist investors” that have been more prevalent in the past few years. “They may be in the AI space,” he added.
“You’re seeing investments in the underlying infrastructure of the decentralized internet, not the crypto wallets and lending institutions that we saw in the heyday of 2021-2022,” Metinko explained.
“The next few quarters could be very telling for the future of Web3,” the report added. “While investors said they expect investment trends to eventually rebound as the decentralized internet becomes more complete, that may not continue for another year as VC funding continues to stabilize after the boom period of 2021.”
Project News
Crypto trading card game Fantasy is launched on Blast mainnet and points airdrop is launched
The crypto trading card game Fantasy is now live on the Blast mainnet after gaining strong traction during its testnet phase. The game turns crypto KOLs into trading cards that can be interchanged on the app. Whenever these cards are traded, the KOL on the card will receive a 1.5% commission. The project also raised $600,000 from Alliance DAO, Manifold Trading, Fabric Ventures and angel investors in a round of funding that ended in February. The list of angel investors includes former ParaFi Capital partner Santiago Santos, LayerZero Labs CEO Bryan Pellegrino and anonymous NFT KOL money.
Jupiter posted on the X platform that the second round of LFG Launchpad voting has now started.
There are six candidate projects in this round of voting, including LST liquidity aggregation protocol Sanctum, idle bandwidth sharing network UpRock, decentralized energy network Srcful, integrated DEX project MonkeyDex, AAA game Nyan Heroes, and on-chain reputation system Solana ID. This round of voting will end on April 21.
EigenLayer has lowered the EigenDA validator node staking threshold from 320 ETH to 96 ETH
EigenLayer announced that it has lowered the staking threshold for EigenDA validator nodes from 320 ETH to 96 ETH.
EigenLayer stated that the change will allow more new verification nodes to participate in EigenDAs AVS verification service; re-staking users can also choose to entrust their tokens to verification nodes with a smaller total staking amount to increase the decentralization of the network; Rollup can obtain better performance support through a larger verification node cluster.
RuneX announces early airdrop snapshot on April 18
RuneX, a Bitcoin on-chain social trading platform, announced on the X platform that it will advance the airdrop snapshot time to today, April 18.
RuneX is a social trading platform on Bitcoin that supports assets such as BRC 20, CBRC 20, PIPE protocol tokens and Rune, and may launch tokens this month.
BNB Chain: BSC Feynman hard fork upgrade completed, now supports native staking and governance
BNB Chain announced on the X platform that it has completed the BSC Feynman hard fork upgrade. BSC now supports native staking and governance.
Additionally, the first 45 validators on BC and BSC will be set to active status. New validators on BSC will have 3 times the voting power.
