Planet Daily | Bitcoin completes fourth halving; Musk posts that accounts involved in farming will be frozen (April 22)
Headlines
Bitcoin completes fourth halving, block reward drops to 3.125 BTC
On-chain data shows that BTC completed its fourth block reward halving at block height 840,000 at 8:10 on April 20. The block producer was ViaBTC (a total of 3050 transactions, including transaction fees, the block reward reached 40.75106 BTC). The block reward has dropped from 6.25 BTC to 3.125 BTC.
It is reported that the Bitcoin network has experienced three halvings in 2012, 2016 and 2020.
Elon Musk posted on the X platform that all accounts involved in farming will be frozen and tracked. DogeDesigner gave a detailed explanation of this, saying that farming includes guiding users to like, share or comment on posts to get rewards; joining groups and commenting on each other; guiding users to @ other related accounts, etc.
Tether Expands USDT Support to TON Network
The Block Pro Headlines published an article on the X platform revealing that Tether will expand USDT support to the TON network.
Industry News
The Fed said market participants and observers viewed higher-than-expected interest rates as the biggest threat to financial stability amid persistent inflation. “The risk most cited by market participants was that persistent inflationary pressures could lead to a more restrictive stance of monetary policy than expected,” the central bank wrote in its semi-annual financial stability report released on Friday.
The report includes a survey of financial market contacts and the central bank's assessment of risks in four main areas, including asset valuations, corporate and household borrowing, financial sector leverage and funding risks.
The Fed wrote in the report that the banking industry has been robust since the last financial stability report was released in October, and most banks continue to report capital levels far above regulatory requirements, but the Fed mentioned that existing data show that hedge fund leverage has risen to historical highs, mainly due to the debt of the largest hedge funds. (Cai Lianshe)
The IRS released a preview of the new tax form, including new rules for cryptocurrency investors
The U.S. Internal Revenue Service (IRS) has previewed future tax forms for crypto investors after finalizing its controversial rules on how to report cryptocurrency transactions to the federal government. The new 1099-DA form will help calculate taxable gains or losses when trading with digital asset brokers and may include filling in personal token codes and providing wallet addresses, among other information. The instructions accompanying the form show a date of 2025.
The disclosure is preliminary and could still change depending on the final outcome of the tax rules proposed last year. While establishing U.S. tax practices for cryptocurrencies is one of the necessary steps to eliminate investor uncertainty and confusion, cryptocurrency businesses are nervous about how the IRS will identify digital asset brokers that need to comply with the new system, which could include wallet providers, decentralized platforms and payment processors.
The IRS is seeking public comment on the draft form. It is unclear when the IRS will issue final regulations, but the 2025 form suggests that the final regulations will be issued sometime this year. (CoinDesk)
Among the top six NFT projects by market value, BTC NFT projects account for half
Coingecko data shows that among the top six NFT projects by market value, Ethereum NFT projects and BTC NFT projects each account for 3. The first to sixth NFT market value rankings are: CryptoPunks, Runestone, BAYC, Pudgy Penguins, NodeMonkes, and Bitcoin Puppets.
Project News
Bitcoin L2 network BOB announced that it will launch the mainnet on April 24
Bitcoin L2 network BOB (Build on Bitcoin) announced on the X platform that it will launch the mainnet on April 24.
Earlier in March, BOB announced the completion of a $10 million seed round of financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management, as well as some angel investors. BOB is a hybrid L2 network that sits on top of the Bitcoin blockchain but is compatible with Ethereum.
Later, BOB (Build on Bitcoin) announced that Coinbase Ventures joined its $10 million seed round of financing.
Linea Announces Linea Builder Launchpad
According to official news, ConsenSys' Layer 2 network Linea announced the launch of Linea Builder Launchpad. Linea also stated that it will cooperate with the developer community platform Aspecta to create a simple roadmap to launch and guide the Web3 developer journey in the Linea ecosystem, including joining the Linea Builder Club, participating in the Linea Dev Cook-Off, visiting Web3 developer workshops, etc.
Solana V1.17.31 Mainnet adoption rate reaches 88.4%
Rex St. John, head of developer relations at Anza, disclosed the progress of Solana network congestion improvement on the X platform. He pointed out that Anaz is making network improvements in V1.17.31 to help the current mainnet deal with congestion. The current mainnet adoption rate has reached 88.4%. In addition, the developers seem to have found the cause of network congestion. It is reported that v1.18 will further enhance QUIC, make congestion-related improvements, and a new scheduler that is disabled by default but can be turned on for testing.
Magic Eden will be available on Base on April 25
Magic Eden announced on the X platform that it will be launched on the Base network on April 25.
Runestone price drops sharply after snapshot, floor price now at 0.031 BTC
Magic Eden data shows that Runestone has fallen sharply after the snapshot was completed, and the floor price is now 0.031 BTC.
Runestone initiator Leonidas posted on X that the Runestone snapshot has been completed. At block height 840269, each Runestone NFT held by the user can obtain 889,806 DOG•GO•TO•THE•MOON runes (rune number 3). DOG will be automatically airdropped to the user's wallet in the next few days without the need to claim it.
According to on-chain analyst Yu Jin’s monitoring, 8 hours ago, ZKasino transferred 10,515 ETH (about 33.18 million US dollars) deposited by users into ZKasino to the 0x791 multi-signature address, and then deposited it into Lido to earn interest.
These ETH were deposited by users into ZKasino for mining. As a result, the ZKasino project team modified the official website description and forcibly replaced the users' deposited ETH with their platform tokens.
According to the official voting results, the second round of Jupiter LFG Launchpad voting officially ended at 1:00 am on April 21, Beijing time. The six candidate projects in this round of voting received the following votes: LST liquidity aggregation protocol Sanctum received 64% of the votes, idle bandwidth sharing network UpRock received 20% of the votes, AAA game Nyan Heroes received 8% of the votes, on-chain reputation system Solana ID received 5% of the votes, decentralized energy network Srcful received 2% of the votes, and integrated DEX project MonkeyDex received 2% of the votes.
According to the voting proposal, Jupiter's second round of LFG Launchpad project may be Sanctum, and the project will be launched in May or June. Jupiter DAO will receive 0.75% of the total tokens of the project.
Character*Voice
SEC accuses Justin Sun of frequent trips to the U.S. to sell tokens
The US SEC has amended its lawsuit against Tron founder Justin Sun, saying that he frequently travels to various locations in the United States, which gives the court jurisdiction. The SEC accused Sun and his company of selling unregistered securities through Tron and BitTorrent (BTT) tokens and engaging in manipulative money laundering transactions.
The SEC claims that Sun Yuchen spent more than 380 days in the United States between 2017 and 2019, with travel destinations including New York, Boston and San Francisco. Sun Yuchen said that the token sales were conducted entirely overseas, avoiding the US market, so the SEC has no right to impose jurisdiction on him and the Singapore-based Tron Foundation. (Cointelegraph)
He Yi said that CZ is currently in a normal (largely peaceful) situation in the United States, regulatory pressure has been expected internally, and the current situation is the most ideal result. (The Block)
Telegram CEO: Creators can get 70% of the revenue, and will allow in-app purchases of digital goods
Telegram co-founder and CEO Pavel Durov said at the Token 2049 conference in Dubai that Telegram channel owners will soon be able to share advertising revenue, with 50% of channel revenue returned to channel owners. In the next few weeks, the platform will introduce introductions for creators, who will receive 70% of the revenue. In a few weeks, Telegram will also allow creators to purchase physical and digital goods within the application. (Telo News)
Kathryn Haun to step down from Coinbase board to focus on Haun Ventures
Coinbase board member Kathryn Haun announced on X Platform that she will leave the Coinbase board at the end of her third term later this year. She is reportedly Coinbase’s longest-serving independent director, with more than seven years.
Haun said the cryptocurrency industry is in a state of significant expansion and Coinbase is well positioned to thrive. Haun Ventures is also undergoing similar expansion and feels that now is the time to double down on supporting its growing portfolio of founders and building a lasting venture capital fund.
Market changes
BounceBit TVL reaches $1.014 billion, of which the amount of BTCB pledged exceeds $796 million
According to official website data, the current TVL of Bitcoin staking L1 project BounceBit has reached 1.015 billion US dollars, of which the pledged BTCB amount exceeds 796 million US dollars, the pledged USDT amount exceeds 67.63 million US dollars, the pledged FDUSD amount exceeds 52.79 million US dollars, the pledged WBTC amount exceeds 43.02 million US dollars, the pledged AUCTION amount exceeds 25.35 million US dollars, the pledged MUBI amount is nearly 24.97 million US dollars, and the pledged DAII amount exceeds 3.47 million US dollars.
Ethereum L2 TVL exceeds $39.6 billion, of which Base TVL is $5.9 billion
L2 BEAT data shows that the current Ethereum Layer 2 TVL is 39.61 billion US dollars, with a 7-day increase of 6.12%. Among them, the top five TVLs are:
-Arbitrum One TVL is $17.14 billion, a 7-day increase of 5.03%;
-OP Mainnet TVL is $6.77 billion, a 7-day increase of 10.02%;
-Base TVL is 5.9 billion US dollars, a 7-day increase of 13.10%;
-Blast TVL is $2.61 billion, up 2.01% in 7 days;
-Mantle TVL is US$1.29 billion, a 7-day increase of 1.12%.
Security Risk
Cyvers Alerts: Hedgey lost about $42.8 million in a vulnerability attack on Arbitrum
According to Cyvers Alerts, the on-chain token infrastructure protocol Hedgey suffered the same vulnerability attack on Arbitrum and lost approximately US$42.8 million.
According to previous news, Hedgey was attacked and about 1.3 million US dollars were stolen. The details of the problem have not been disclosed yet.
Ape Terminal: ZKasino IDO has been cancelled and participants will receive a refund
IDO platform Ape Terminal posted on X platform that due to the recent incident of ZKasino, its IDO has been cancelled. All participants will be refunded. Stablecoin claiming is now online. If users have chosen to participate in the sale, they will be able to claim their own stablecoins.
Yesterday, Ape Terminal said it was closely monitoring the situation of the decentralized betting platform ZKasino, which was selected for its famous founder, high TVL and large user base. If the situation worsens, the sale will be canceled and user funds will be refunded.
It is reported that ZKasino previously launched an IDO on Ape Terminal on April 15, raising a total of 2 million USDC. However, many community members reported that ZKasino has deleted the description "Ethereum will be returned and can be bridged back at this point" in the official bridge interface, and users are currently unable to withdraw funds, and the project is suspected of being rugged.
