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Zesh (ZESH) has announced the launch of Zesh Portal
Through Zesh Portal any Web3 project can transform skeptics into believers with zkML AI-driven SocialFi, Ultra-gamification, and advanced AI analytics. Zesh is an integrated suite of AI-powered apps designed to solve the challenges that Web3 projects face.
Monthly Spot Exchange Volume Doubled in March
The recent rally in Bitcoin prices has triggered a domino effect across the cryptocurrency market. The surge in trading volume indicates a growing trend among retail investors who are increasing their exposure to cryptocurrencies.
TOP-11 WEEKLY STABLE PRICE GAINERS
Introducing PJTs with the highest weekly price increase and stable positive 1D, 30D, and 3M price performance.
TOP-11 DAILY STABLE PRICE GAINERS
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Bondex (BDXN) public sale is now live on Coinlist
Bondex is the next-generation decentralized talent platform, that aims to reshape labor markets.
Sale details:
🛸 Token Sale Price: $0.080
🛸 Sale Hard Cap: $4,000,000
🛸 Personal Allocation: $50 - $500
🛸 Diluted Valuation: $80,000,000
🛸 Vesting Terms: 25% unlocks after a 75 day period, remaining 75% vesting over 12 months.
Autolayer (LAY3R) will hold its public sale on Poolz Finance on April
AutoLayer is the premier LRTfi hub on Arbitrum, a sophisticated interface within the EigenLayer ecosystem.
Sale details:
🛸 Token Sale Price: $0.65
🛸 Initial Market Cap: $434,512
🛸 Diluted Valuation: $20,800,000
🛸 Vesting Terms: 15% at TGE, followed by a 6-month linear vesting.
TVL distribution among Gnosis Ecosystem PJTs
Total Gnosis Ecosystem TVL: $520M
1. Balancer V2 TVL: $116M
2. RealT TVL: $106M
3. Spark TVL: $67.8M
Nearly $1 Billion Liquidated as Bitcoin Hits ATH and Dips 📉
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The specialist outlined the terms of approval
If the US Securities and Exchange Commission (SEC) will not approve the spare Ethereum-ETF in May 2024, it will do this by mid-2025. This opinion was expressed by lawyer Scott Johnsson.
“On September 29, 2023, the SEC simultaneously published the initial letters with comments on the applications for spot-bitcoin-ETF.
Fixed forms of S-1 appeared about two weeks later. Those. About 90 days passed until the deadline on January 10, 2024. Now we have 90 days left until the deadline on May 23 for spotes Ethereum-ETF, ”he wrote.
At the same time, according to the lawyer, there is enough reason to believe that the SEC will deviate from the previous schedule and tighten the process of comments on S-1 before the approval of 19B-4.
Bloomberg exchange analyst James Seyffart said that SEC does not need so much time to process applications on Ethereum-ETF, as with the first cryptocurrency, since the weighty part of the documents can be based on bitcoin-setf.
"I agree. This time the process should be faster, which explains the lack of involvement right now, ”Johnsson answered.
CEO KEYROCK Kevin de Patul in an interview with Cointelegraph estimated the chances of approval of a spotes Ethereum-ETF in the United States above 50%.
In his opinion, one of the main problems on the way to this is the SEC head Gary Gensler, who can classify the second in capitalization of cryptocurrency as security.
The expert note that the transition of Ethereum to the Proof-OF-Stake consensus algorithm in September 2022 makes the asset more similar to the security in terms of the regulator.
In February, Seyffart relied on 4 ETH (about $ 1l2 000 at the rate at the time of writing) that the SEC will not approve the spotes Eth-ETF in March. However, he refused to put against this event until the end of 2024.
Earlier, Fox Business predicted the registration of Ethereum-ETF by May. Seyffart estimated such a probability of 60%, his colleague Eric Balchunas was slightly higher - 70%. CEO Morgan Creek Capital Mark Yusco turned out to be more pessimistic, assuming 50/50 chances.
Analysts at JPMorgan and TD Cowen also doubted the grown approval of the products.
Venture capital investments in blockchain startups amounted to $1.9 billion in the fourth quarter
In 2023, venture capital investments in the blockchain industry fell by 68%, reports Block Research. If in 2022 capital investments amounted to $33.3 billion, then last year they fell to $10.7 billion.
Pitchbook found that the investment attractiveness of blockchain startups began to improve in the third quarter of 2023. Investors have directed $1.9 billion into this sector.
The largest amount of capital was attracted by the Swan Bitcoin and Blockchain com platforms. At the same time, in October-December, the number of transactions involving venture capital in the cryptosphere decreased by almost 2.5%.
The most attractive areas for investors remain fintech, blockchain infrastructure and tokenization of real assets, such as real estate or shares.
Pitchbook analyst Robert Le reported on CNBC that the attractiveness of blockchain startups began to increase amid the readiness of the US Securities and Exchange Commission (SEC) to approve applications to launch exchange-traded crypto ETFs.
According to the expert, the influx of venture capital into the industry will increase in the coming months, as institutions have received a channel in the form of ETFs and will enter the cryptosphere more intensively.
EigenLayer reaches nearly $6 billion TVL
EigenLayer's TVL volume has grown to nearly $6 billion in the past few days since deposit restrictions were temporarily lifted.
According to data from DeFiLlama, assets deposited in EigenLayer have grown by approximately 170% from $2.15 billion when the window began on February 5th to $5.9 billion at the time of writing - about 2.3 million ETH.
For comparison, TVL is equivalent to approximately 2% of the total amount of ether in circulation. This also places EigenLayer in the top five DeFi protocols according to TVL, ahead of leading decentralized exchange Uniswap and behind only Lido, Maker, Aave and JustLend.
EigenLayer went through a series of deposit limit increases before temporarily removing the final limit of 200,000 Ether ($500 million) for each liquid stake token.
EigenLayer's TVL lift ends today at 3:00 pm ET. However, the project said it eventually plans to lift the restrictions permanently, creating a "non-tolerant, neutral environment while promoting decentralization."
EigenLayer previously said the temporary lifting of restrictions was intended to boost organic demand. However, many users were incentivized to contribute funds and participate in the network to earn reward points - with stakers suggesting they could potentially be rewarded for airdropping Eigen tokens in the future.
The EigenLayer protocol allows users to stake and re-stake Ether using liquid tokens, distributing these funds to secure third-party networks and potentially earning additional rewards.
Liquid staking solutions allow users to participate in Ethereum (ETH) by staking while revealing the value of the underlying assets as a liquid token to be used as collateral in DeFi.
The initial phase of the Eigeneyer Protocol was deployed on the Ethereum network in June 2023, allowing users to stake LST from three staking projects: Lido, Rocket Pool, and Coinbase. Since then, the protocol has expanded to additional LSTs, including sETH from Stakewise, mETH from Mantle, sfrxETH from Frax, ankrETH from Ankr, and wBETH from Binance.
Credit platform Celsius began returning $3 billion worth of debts
On January 1, the crypto-currency lending platform Celsius Network emerged from bankruptcy proceedings and began returning debts amounting to $3 billion.
Last year, the company's clients supported the business reorganization plan, and in November the court gave the go-ahead for its implementation.
Based on this, the company began to distribute fiat currency, digital assets and shares of the Ionic Digital organization among creditors for a total amount of over $3 billion. Ionic Digital will be engaged in mining cryptocurrencies, and its work will be managed by Hut 8, a Bitcoin mining company in Canada.
Exit from the bankruptcy procedure was possible thanks to the incredible efforts of the company's employees and intensive cooperation with Hut 8, our strategic partners and creditors.
When we were appointed [to the Special Committee of the Board of Directors of Celsius] in June 2022, everyone thought that Celsius would disappear without a trace, like the rest of the failed cryptocurrencies at that time. prestigious startups.
But we are proud that we were able to preserve digital assets and compensate losses to clients and applicants, said members of the Special Committee of the Board of Directors of Celsius David Barps and Alan Kapp.
Let's remember that Celsius declared itself bankrupt on July 13, 2022 after missing assets worth $1.2 billion. Last year, the company's founder, Alex Mashinsky, was accused of fraud, and the case brought against him will begin to be considered in court in September.
The Bank of England promises to issue its own token by 2025
In February 2023, Deputy Governor of the UK Central Bank John Cunliffe announced that the regulator was not abandoning plans to create a digital pound (CBDC), and it should appear on the market by 2025.
However, a year ago, the Central Bank did not have sufficient technical tools to deploy the token.
Last week, the Bank of England said that a decision on issuing a digital currency has not yet been made. However, the kingdom's authorities plan to make a choice in the medium term.
The UK government is ready to begin creating a digital pound. The Central Bank guarantees user privacy, and banks will not be able to reject transactions from CBDC senders.
Many Britons fear that the regulator will break its promise and establish total control over all transactions with the digital pound.
Lobbying organization CryptoUK is therefore calling on the Bank of England to provide detailed information about its program to launch a digital currency.
Terraform Labs filed for bankruptcy
Terraform Labs has filed for Chapter 11 bankruptcy in Delaware court. The company's liabilities are estimated at $500 million.
In a comment to The Block, the company's CEO Chris Amani said that this was a forced step:
“It will allow us to continue working with the community on infrastructure, innovative tools and products, and support the ecosystem.”
According to Amani, the bankruptcy procedure will allow the company to concentrate its efforts on solving legal problems. Let us remind you that the US Securities and Exchange Commission filed a lawsuit against Terraform Labs.
The regulator previously agreed to postpone the hearing pending the extradition of Do Kwon, the former head of the organization. He is serving time in Montenegro on charges of forgery.
According to the papers, Terraform Labs estimates its assets and liabilities in the amount of $100 million to $500 million. The list of creditors has not been disclosed.
Amid the bankruptcy news, the LUNC token sank by more than 11%, according to TradingView.
Hackers tried to hack Bitfinex
On January 14, 2024, Bitfinex CTO Paolo Ardoino announced a hacker attack on the exchange. The attacker tried to gain access to funds using the “partial payments” vulnerability.
“The attack failed because Bitfinex correctly processed the ‘delivered_amount’ data field,” he said.
Ardoino explained that the supposed transaction worth about $15 billion in XRP tokens turned out to be fake. An unknown person attempted to falsify the deposit and actually sent a much smaller amount, marking it as a partial payment.
Information about the large XRP transfer first appeared on the Whale Alert page on X (formerly Twitter). Analysts reported a large transfer of 25.6 billion XRP, representing almost half of the coins in circulation.
The message was later deleted. Whale Alert reported "an issue with Ripple data being misread, resulting in incorrect information being published."
According to Bithomp, the attacker tried to attack another cryptocurrency exchange, Binance, using a fake transfer of 58.9 billion XRP, but the exploit attempt also failed.
Top 10 Blockchains by TVL Growth in Q1 2024
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Top-11 PJTs by Weekly Network Growth
Network growth shows the percentage increase in the number of new addresses that transferred a given token for the first time in a given period.
Ultiverse (ULTI) teams up with QORPO to advance AI-driven gaming
This partnership focuses on creating immersive gaming experiences with AI-powered interactions, VR, and valuable NFTs, aiming to connect Web2 and Web3 gaming audiences.
Bitcoin TVL Hits $3 Billion
The Bitcoin DeFi ecosystem has been actively developing for the last year and continues to rapidly grow. Currently, Bitcoin projects are mostly focused on building efficient Layer 2 solutions, which lay the groundwork for other parts of the ecosystem.
StarkWare decides to gradually release the STRK token
Blockchain company StarkWare, which is developing the Starknet Layer 2 scalability protocol, has changed the issuance structure for its STRK token following user feedback.
According to the official announcement, StarkWare will be unlocking STRK more gradually according to the new changes.
The firm is reducing the proportion of tokens unlocked at launch from 13.4% to 0.64%, as some users believe that issuing such a large number to a select few was “predatory.”
“Tokens owned by early StarkWare participants and investors are subject to blocking,” the company explained. “These parties supported StarkWare's efforts as the company researched and carried out the initial development of Starknet.
Approximately a third of the tokens owned by these early participants and investors (~1.3 billion) were scheduled to be unlocked on April 15th.”
Now only 64 million, or 0.64%, of the 10 billion tokens will be unlocked on April 15th. An additional 64 million tokens will be released every month. After March 15, 2025, the monthly token distribution will increase to 1.27% (127 million) of tokens issued monthly and will continue for two more years.
“Under the new unlock plan, 580 million tokens belonging to early participants and investors will be unlocked by the end of 2024, as opposed to 2 billion of these tokens under the previous schedule.
By the end of 2024, 1.4 billion additional tokens will be gradually unlocked. 2025, another 1.5 billion will be unlocked by the end of 2026, and 380 million will be unlocked by March 15, 2027,” StarkWare explained.
StarkWare initially set the token's launch date to November 29, 2023, but moved the date back five months to April 15, 2024. StarkWare launched the token in November 2022 with a non-trading status on Ethereum.
STRK is currently valued at $1.98 and is up 9.13% in the last 24 hours.
Sushi will launch derivatives exchange Susa on Layer N
Decentralized finance company Sushi intends to launch a decentralized derivatives platform called Susa on Layer N, Layer 2 of Ethereum, attempting to replicate some aspects of centralization for decentralized platforms.
According to the statement, Susa developers will be able to create their own applications on top of the exchange, ranging from smart contract applications to full-fledged savings packages.
It will use Tier N Nord Engine to enable thousands of transactions per millisecond, with the ultimate goal of rivaling centralized exchanges in performance.
“Sushi is excited to partner with Layer N as we fully embrace the spirit of decentralized finance, combining our expertise to develop superior products,” said Sushi spokesperson Jared Gray.
“The Tier N modular approach to pooling provides greater capital efficiency and greater liquidity while leveraging the security of Ethereum,” he added.
“This approach fits perfectly with the modular network strategy gaining traction in the DeFi space, making Layer N one of the best tech stacks to move forward with.”
Prometheum will provide ETH storage services
Prometheum Capital LLC, a subsidiary of digital asset company Prometheum, Inc., continues to provide cryptocurrency custody services after selecting Ether as its first offering.
Institutional clients such as asset management firms, hedge funds, banks and registered investment advisers can sign up for Prometheum Capital's custodial services, which are scheduled to launch in the first fiscal quarter of the year, according to a company release.
In 2024, the firm intends to expand services to both retail and institutional clients.
“Prometheum is pleased to announce the launch of Prometheum Capital custodial services, initially focused on ETH. These services have been specifically designed to meet the stringent regulatory and compliance requirements set forth in federal security laws,” said Prometheum, Inc. Co-CEO. Aaron Kaplan.
“Through this initiative, we aim to provide investors with the ability to interact with digital assets within established regulatory guidelines.”
Prometheum's offering of ether custody services comes after the Financial Industry Regulatory Authority on December 21 allowed the firm to provide crypto clearing and settlement services through a special broker-dealer license. The Securities and Exchange Commission granted Prometheum this license in May 2023.
SEC Chairman Gary Gensler hinted that ether could be a security, and Commodity Futures Trading Commission Chairman Rostin Benham said it would be a commodity, causing some confusion in the industry. Prometheum's incursion into the airwaves could force the SEC to make a decision, Fortune reported Wednesday.
Prometheum's steps forward come as the SEC continually warns that cryptocurrency exchanges need to register with the agency. Over the past year, Coinbase, Binance and Kraken have been accused of allegedly operating as an unregistered exchange, broker, dealer and clearing house. Meanwhile, crypto firms claim that registering with the agency is impossible.
After receiving a license from the SEC last year, Prometheum quickly drew the ire of Republican lawmakers and others in the crypto industry.
When asked in December what Kaplan had to say to those who say it's impossible to register with the SEC, he said it helps to work with the law, not against it.
“Keeping your head down and working within the regulation and trying to work within the law rather than changing the law can be successful with proper securities law registration, as evidenced by first being approved by a designated broker-dealer and now cleared by and settlement."
Standard Chartered predicted an increase in the price of Ethereum to $4 thousand.
The bank believes the SEC will follow the same strategy it used when approving spot Bitcoin ETFs.
The British bank Standard Chartered Bank predicts that the Securities and Exchange Commission (SEC) will approve spot ETFs on Ethereum in May, reports Bloomberg. Against this background, the price of the second cryptocurrency by capitalization may reach $4 thousand.
The bank believes the SEC will follow the same strategy it used in approving spot Bitcoin ETFs, first rejecting the applications and then, once the final approval deadline approaches, approving them on May 23. This date appears as the final approval date for applications from asset managers VanEck and ARK/21Shares.
According to Jeffrey Kendrick, head of currency and digital assets research at Standard Chartered, the favorable prospects for approval of an Ethereum-based spot ETF are due to the fact that the asset is already traded on the regulated Chicago Mercantile Exchange (CME) in the form of futures contracts.
Additionally, the SEC did not include Ethereum on the list of 67 cryptocurrencies being considered as securities in lawsuits against several cryptocurrency exchanges. The SEC's position that Ethereum is not considered a security increases the chances of the ETF being approved.
According to Jeffrey Kendrick, the price of ETH could rise to $4 thousand in anticipation of the approval of a spot exchange-traded fund (ETF) on Ethereum.
“As we move closer to the expected approval date of May 23, we believe the ETH price will follow or outperform Bitcoin (BTC)'s rise over the comparable period,” Kendrick said.
From early June, when BlackRock applied for the ETF, to January 10, when Bitcoin spot ETFs were approved, the value of the first cryptocurrency increased by 85%, rising from around $25,000 to $47,000.
Kendrick remains bullish on cryptocurrencies, predicting that BTC could reach $100,000 this year and $200,000 by 2025. Jeffrey Kendrick's forecast coincides with the statement of the head of the SkyBridge hedge fund, Anthony Scaramucci, who predicted that Bitcoin would rise to $170 thousand after the halving.
He also argues that Ethereum is less susceptible to price declines than Bitcoin following the approval of spot ETFs and the outflow of funds from GBTC. This is due to the smaller amount of ETH in the Grayscale Ethereum Trust portfolio.
Lisk will launch L2-network and conduct aIRPROP
The LISK cryptocurrency platform is going to switch to a second -level solution (L2) based on Optimism. In the first quarter of 2024, the team will launch a test L2 network, and the Mainnet exit closer to the end of the year.
In their report, the developers shared the first results of the work done since the announcement in December 2023. In preparation for the transition to the L2-network, the team began to cooperate with the Gelato platform.
In addition, the project entered into an agreement with the Serotonin marketing agency to support the selected strategy and promote Lisk. Another partner of the platform was the venture company Outlier Ventures. It will provide consulting assistance to transfer LSK to the Ethereum network as an ERC-20 token.
In March 2024, the team plans to present the LISK L2 roadmap. In addition, developers will publish detailed information about the migration of tokens and other initiatives.
In the third and fourth quarters, Lisk intends to launch the main network and continue to work on the development of the ecosystem. It is at this stage that an extensive campaign will be carried out, which includes an airrrop or the distribution of non -replaceable tokens (NFT).
It is reported that L2-solution from LISK will be focused on tokenized assets of the real world (RWA) and decentralized physical infrastructure networks (depin).
Against the background of the news about the transition to a second -level network, LSK has increased by more than 17%.
Note that a number of other projects also consider the creation of L2 protocol for Ethereum-including using an existing set of tools. Representatives of ASTAR Network, Canto, Frax Finance, Celo and Kraken crypto accounts reported on the development of the second -level network.
Hashgraph Association And Swirlds Labs Launch Building On Hedera Training Courses
The Hashgraph Association, a non-profit organization accelerating the widespread adoption of the Hedera network around the world, together with Swirlds Labs, the organization providing support and development of the Hedera network, have launched “Building on Hedera” training courses.
Created by Swirlds Labs with its partners and managed by the Hashgraph Association, the course provides engineers with an entry point into the world of Web3 development on Hedera, a public, open-source, leaderless, proof-of-stake network.
With this course, the Hashgraph Association and Swirlds Labs aim to increase the number of developers using the Hedera network. The course will form the basis for training developers in the Hedera ecosystem, providing opportunities for both people aspiring to become Hedera developers and companies looking to upskill their teams.
Kamal Yousefi, President of the Board of the Hashgraph Association, said: “With the Building on Hedera course, users will be able to claim and display NFT certificates after completing the Hedera courses. This will allow companies to demonstrate the skills of their team and ensure the qualifications of their developers.
The newly created educational framework aims to create an efficient and accessible process through which both new and existing developers can become more proficient in using Web3-specific technologies."
This course is open to anyone who would like to learn Hedera development, especially those developers who are new to Web3.
With these opportunities now available to new and existing Hedera stakeholders, the proposal will provide educational opportunities that strengthen the community and expand the ecosystem. This course features hands-on labs, assessments, and flexible learning.
Dr. Leamon Baird, co-founder of Hedera and co-founder and co-CEO of Swirlds Labs, said: “A strong community desperately needs education.
This new Hedera Development course provides the educational pathways and opportunities needed by those already in the community today, while also encouraging others to explore what Hedera has to offer.
The importance and influence of distributed ledger technology is growing around the world, and its true potential can only be realized when developers have all the tools they need to build the future.”
Starting with the "Building on Hedera" course, the Hashgraph Association and Swirlds Labs will develop additional certifications to equip qualified engineers with in-depth knowledge of the Hedera platform.
The goal is to enable businesses and other organizations to interact with highly qualified, trained and certified Hedera development engineers.
SEC approves BlackRock's application to issue a spot Bitcoin ETF
The Securities and Exchange Commission (SEC) has legalized 11 exchange-traded crypto ETFs that invest in Bitcoin (BTC).
The regulator has authorized the issue of 11 funds, one of the issuers of which is BlackRock. The financial giant has submitted an application to the SEC to issue the instrument in mid-2023.
Institutional investors now have a legal channel to enter digital currency. Starting January 11, crypto funds can appear on the New York Stock Exchange (NYSE), Nasdaq and CBOE (Chicago Board Options Exchange).
As the RBC agency clarifies, over the past ten years the SEC has rejected applications to launch crypto ETFs investing in Bitcoin.
At the end of 2021, the Securities and Exchange Commission legalized crypto funds focused on Bitcoin futures.
The largest digital currency did not react in any way to the decision of the American regulator.
On Thursday, January 11, the BTC rate strengthened to $46,059. In early January, the cryptocurrency jumped above $47,000, but then sellers entered the market, causing the price to fall below $46,000.
