Messari has released the Q1 2024 status report for BNB Chain, with the following highlights:-BNB Smart Chain has seen growth in some key areas in Q1, including an 89% increase in market cap, a 70% increase in USD-based revenue, a 26% increase in daily active addresses, a 67% increase in DeFi TVL, and a 193% increase in daily DEX trading volume.-Stablecoins and DEXs were the main drivers of Q1 trading. USDT (with a daily average of 619,300 trades) and PancakeSwap (with a daily average of 345,200 trades) accounted for 74% of all trades in Q1.-DEX trading volume on BNB Smart Chain reached a quarterly high since Q4 2022, with a daily average trading volume of $1.1 billion.-The 7th season of the MVB Accelerator Program will launch in March, with 13 projects selected covering multiple areas such as DeFi, AI, and social media.-BNB Chain is making progress on its technology roadmap. In the next quarter, BNB Beacon Chain will cease operations and staking and governance mechanisms will be transferred to BNB Smart Chain.

According to research firm Kaiko, in the past year, Binance's Bitcoin trading share has decreased from 81.3% to 55.3%. The share of altcoin trading has also decreased from 58% to 50.5%. Bybit and OKX have expanded their business in Asia and other regions, while Binance has been dealing with legal issues. In the past year, Bybit's share in non-US Bitcoin trading has increased from 2% to 9.3%. Currently, OKX's share is 7.3%, higher than the previous 3%.

Gambaryan’s lawyer, Chukwuka Ikuazom, objected, citing Nigerian law, stating he couldn’t plead until Binance, the primary defendant, was served.

Market data shows that BNB has broken through $580 and is currently trading at $580.1, with a daily increase of 3.52%. The market is volatile, so please be prepared for risk control.

1. Ordinals’ cumulative fee income exceeds 6,700 BTC, an increase of approximately $80 million in the past three days

It was announced that the burn rune launch platform on BNB Chain and the meme coin SAC had received investment from Silicon Valley Ltd. It is reported that SAC will reward liquidity providers with FLOKI tokens, and SAC tokens will be generated through fair engraving.

BNB Chain updated its Dapp Bay high-risk DApp Red Alarm project list. The projects that were added to the list in the past 24 hours include AlphaOrBeta, Rocket Wallet, BIM Finance, Goose Finance, Uno Re, Anchor Finance, and Sashimi Swap.

Nadeem Arjarwalla, a Binance executive who escaped from a detention center in Nigeria, has been found by Nigerian authorities in Kenya. Arjarwalla is accused of causing instability in the Nigerian naira exchange rate market. The Nigerian government has expedited the extradition process, and the Nigerian Police Force, Kenyan Police Service, Interpol, and the Economic and Financial Crimes Commission (EFCC) are cooperating in the investigation. It is reported that Arjarwalla and Binance face charges of tax evasion, currency speculation, and money laundering, with an estimated total amount involved of $35.4 million. The National Security Adviser's office has transferred the case management authority to the Nigerian government, and Arjarwalla's partner, Tigran Gambaryan, has been detained by the EFCC.

According to on-chain data tracking service Whale Alert, at 5:49 pm Beijing time today, 48,632 ETH worth $158,953,335 was transferred from an unknown wallet to Binance.

According to on-chain analyst @ai_9684xtpa, a whale borrowed a total of 68,000 BNB worth $40.47 million from Venus and Radient seven hours ago, and then deposited it into Binance for OMNI new coin mining.

According to the blockchain data analysis company Glassnode, since the launch of the US spot ETF in January 2024, the spot trading volume of the Bitcoin market has increased. By mid-March, as the market reached a historical high of $73,000, the daily trading volume reached about $14.1 billion. Binance still holds a market share of 37.5% in the spot market, but this dominant position is declining compared to the previous cycle. In 2021, Binance accounted for 50% of the trading volume, but during the deep bear market in 2022, its trading volume reached an astonishing 85%+. Overall, Bitcoin's price behavior from the beginning of the year to the present has been supported by a significant increase in spot trading volume and on-chain transaction liquidity.

BSCM continued to rank first in the meme innovation competition held on the Binance Chain. BSCM has distributed airdrops through 3500 AI face recognition without pre-sale, which innovates the way of participating in MEME. Users only need to perform face recognition to get their BSCM token shares fairly.

According to blockchain analyst @ai_9684xtpa, who monitored it, the smart money that previously traded PEPE and earned $3.49 million chose to liquidate on April 10th, avoiding a loss of $1.37 million. Over the past six hours, the address has transferred a total of $7.5 million from Binance.

Binance released its 17th asset reserve proof, showing that the ratio between the net balance of all digital assets on the exchange and the net balance of customer accounts exceeded 100%. The ratio for SHIB is about 103.60%. According to the report, Binance's customer net balance currently holds about 65.3 trillion SHIB tokens, while Binance's net balance holds 67.6 trillion SHIB reserves. Compared to the SHIB reserves in February, the latest report shows a slight decrease in the number of SHIB tokens, indicating that investors may have liquidated a small portion of their SHIB holdings.

The market shows that BNB has broken through $590 and is now reported at $590.3, with a daily increase of 0.55%. The market is volatile, so please be prepared for risk control.

According to blockchain analyst @ai_9684xtpa, 12 hours ago, address 0x8b3...e62b0 deposited 22 million GMT tokens worth $6.7 million into Binance. The funds came from fixed token unlocks over the past two months. The address may belong to an early investor or contributor to Stepn and still holds 84.53 million GMT tokens worth $26.17 million.

According to on-chain data monitoring, a certain smart money address accumulated profits of $250,000 through trading BSCM. The address purchased BSCM with a total of 2.44 BNB (approximately $1,427.5) and sold it for 430 BNB (approximately $251,500), with a total profit of approximately $250,000. At the same time, according to ALITA's latest announcement on X platform, ALITA-AI face recognition has distributed MEME coins airdropped to BSCM to 2,326 people, and users who pass face recognition will enjoy any MEME coin project airdropped by M-Token platform in the long term. As of now, BSCM is priced at $0.08014, with a daily increase of 37.06%, and the number of holding addresses has reached 21,500, with a cumulative increase of 47,659%.

The Binance new coin mining project Saga posted on social media, stating that within 24 hours, there have been over 13 billion US dollars participating in staking mining, making SAGA the largest Launchpool in Binance's history.

Binance ex-boss CZ will be sentenced in April and the ring of FTX executivies that admitted to fraud are also set to soon be sentenced.