The ratio of Bitcoin to Ethereum prices implies that the market's risk appetite for cryptocurrencies may weaken. The Bitcoin-Ethereum price ratio has risen to 20, reaching its highest level since April 2021, reflecting a more elastic demand for Bitcoin in the market, while the opposite is true for Ethereum.

According to the OKX market, ETH has fallen below 3250 USDT and is now trading at 3248 USDT, with a 24-hour decline of 1.21%.

SuperRare, a well-known Ethereum NFT art platform, is expanding into the Bitcoin Ordinals domain by partnering with the Bitcoin art platform Gamma. They will launch their first-ever Ordinals collection on April 11, featuring exclusive artworks by Killer Acid. The new collection, called 'No Brainers', will consist of 35 hand-drawn "psychedelic" pieces priced at 0.099 BTC each. SuperRare's move into Bitcoin demonstrates its commitment to innovation and supporting digital artists in an evolving marketplace, while also challenging Ethereum's dominance in the NFT market.

On April 5th, the Ethereum interoperability protocol Omni Network announced on X platform that the second phase of the Omni Omega test network has been launched. Users can participate in the final test network by delegating their testnet ETH to Omni.

On April 5th, QCPCapital, a cryptocurrency market maker, pointed out in its latest research report that the cryptocurrency market will perform poorly at the beginning of the second quarter of 2024. The price of Bitcoin has fallen below $70,000 and is fluctuating within a narrow range. The scale of ETF fund inflows is not sufficient to drive price trends. The funding rate tends to be stable, and the front end of the forward curve has fallen from a high point of 50% to below 20%. However, it is worth noting that the back end of the forward curve is still at a high level, and investors are interested in longer-term spot-forward basis positions. This may be due to the continued demand for Bitcoin 2025 long-term call options in the market. QCP believes that the bullish demand for Bitcoin and the upward momentum of spot ETF fund inflows will support Bitcoin prices and is expected to push Bitcoin above $70,000 this weekend. On the other hand, Ethereum continues to be weak. ETHBTC is testing key support levels after falling below 0.05. The market continues to sell a large number of Ethereum long call options, which has lowered the implied volatility and formed some downward pressure on prices. QCP analysis believes that this may once again indicate that the early signal of the shift from frenzy to panic for altcoins represented by Ethereum.

Data shows the ETH/BTC exchange rate has fallen below 0.05 and is now at 0.04853, with a daily decline of 2.41%.

Ethereum Foundation researcher Mike Neuder wrote a document titled "Issuance Issues" that supports adjusting token issuance to solve some of the current issues in Ethereum, including maintaining the feasibility of independent staking relative to liquidity staking protocols and ignoring high levels of staking that could harm staking rewards. Neuder advocates for reducing issuance in Ethereum's next upgrade, "Electra," but other researchers and developers strongly reject this position. Opponents believe that the current push to adjust Ethereum's issuance curve is a complete overreaction to unfounded centralization concerns, and that the proposal's goals are unclear, and the current issuance curve has not caused value erosion.

According to JieData monitoring, an address starting with 0x777f withdrew 588 ETH from Binance today. Currently, the address holds over 1051 ETH in total.

According to data tracked by Santiment, Ethereum experienced a significant increase this weekend, rebounding to over $3,600 after a 25% decline between March 11th and 19th. The number of ETH holding addresses reached a historic high of 118,230, and mid-term MVRV showed a mild bullish signal.

The market shows ETH has broken through $3,600 and is currently trading at $3,600.36, with a daily increase of 2.46%. The market is highly volatile, so please be prepared for risk control.

The total open position of ETH futures contracts on the entire network is 3.92 million ETH, equivalent to approximately 13.92 billion US dollars. Among them, Binance's open position for ETH futures contracts is 1.3 million ETH (approximately 4.61 billion US dollars), ranking first.

Doodle founder poopie revealed on social media that he recently purchased two NFTs from Sotheby's auction, namely "proof of existence" by digital artist Rhea Myers and cat#63 from the CryptoKitties series. According to relevant transaction screenshots, "proof of existence" was priced at about $12,700, while Cat#63 was priced at about $127,000. According to OpenSea data, the current floor price of CryptoKitties is about 0.0015 ETH.

The market shows that ETH has fallen below $3,500 and is now trading at $3,499.39, a 2.07% drop within the day with large market fluctuations. Please be prepared for risk control.

According to data from Dune Analytics, the number of validators on the Ethereum network reached one million, with 32 million ETH staked, accounting for 26% of the total supply. Venture capitalist and Ethereum advocate Evan Van Ness stated that the current amount staked may be too much. Gabriel Weide, who operates a staking pool, believes that too many validators could ultimately lead to transaction failures. Meanwhile, Peter Kim, the engineering lead for Coinbase Wallet, stated that while the number of validators is "impressive," the figure is "artificially inflated" by the 32 ETH limit. However, he hinted that this situation may soon change. As the number of validators continues to increase, Ethereum co-founder Vitalik Buterin proposed a way to improve network decentralization. On March 27th, Buterin published a blog post proposing to punish validators based on their average failure rate. If there are many validator failures within a given time slot, each failure will be punished more severely. Vitalik believes that this method could reduce the advantage of large ETH stakers over small stakers.

According to DeFiLlama data, the trading volume of Ethereum-based DEX on March 26 was 2.56 billion US dollars, ranking first. The daily trading volume of BSC-based DEX was 1.852 billion US dollars, ranking second; the daily trading volume of Solana-based DEX was 1.369 billion US dollars, ranking third.

1.Moonbeam has completed the airdrop distribution of Polkadot ecological meme currency PINK2.The total number of Ordinals inscriptions minted exceeded 63 million, and the fee income exceeded 400 million US dollars.3.BOME founder: 2543 SOL will be transferred to the new address and sent to 415 wallets as a reward refund4.BottoDAO, a decentralized autonomous organization focusing on digital art NFTs, completed US$1.67 million in financing, led by 1kx5.The current open interest on Binance BTC contracts is approximately $7.13 billion6. Polyhedra Network: We are working on introducing zero-knowledge proof technology to Bitcoin to realize smart contract functions and high-speed cross-chain bridging.8.Stable currency project DYAD has been launched on the KEROSENEN airdrop query website 7.After the Ethereum Dencun upgrade, the L2 rollup gas cost for publishing Chainlink oracle reports dropped by 99% 9.Partisia token MPC was launched on multiple exchanges such as Kucoin, and an airdrop of 25 million tokens was launched to encourage ecological participation. 10.L2 Tech to Fuel Bitcoin (BTC) Price Rise

Blockchain analyst Yu Jin stated in a post that a certain ETH whale bought 3017 ETH at a price of $3,371 with 10.17 million USDT half an hour ago. This whale has conducted three rounds of ETH trading in the past week, resulting in a loss of $1.47 million due to losses and wear and tear.

Data monitored by WhaleAlert shows that around 9:12am Beijing time, a dormant pre-mined address containing 2,000 ETH ($6,712,531) was activated after 8.7 years.

1. Blast has distributed 10 million Blast Gold to BIG BANG winners and mainnet Dapps

According to IntoTheBlock data, the Bitcoin network fee this week was about $17.2 million, a decrease of 15% compared to the previous week. The Ethereum network fee was about $116 million, a decrease of 41% compared to the previous week, and speculation on Meme coins has slowed down significantly. Bitcoin saw a net outflow of $380 million from exchanges, which is a slower pace than the previous week's over $700 million. In addition, ETH set a record for the largest weekly net inflow to CEX since September 2022 (about $720 million).