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Cointime News Wrapup-Afternoon: CEX Trading Volumes Decline in April After Months of Growth
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
A new survey shows that 75% of Nigerians are confident in using Bitcoin for financial transactions. This survey result comes at a critical time in Nigeria's traditional financial market. In recent months, the Nigerian currency, the Naira, has sharply declined, and the government is trying to maintain the Naira exchange rate while also targeting cryptocurrency. One of the measures recently taken by the Nigerian Securities and Exchange Commission (SEC) regarding the cryptocurrency industry is to propose a significant 400% increase in registration fees for cryptocurrency exchanges.
According to Spot On Chain, James Fickel, founder of Amaranth Foundation, spent $24.7 million in the past 40 minutes to purchase 7,814 ETH at a price of approximately $3,161 per coin. This giant currently provides Aave with 128,516 ETH ($404 million) and 40.97 million USDC, and has borrowed 2,266 WBTC ($146 million), seemingly trading long on the ETH/BTC pair since December 2023.
Vitalik Buterin, co-founder of Ethereum, stated on social media that PoW is also quite centralized. It just hasn't been discussed too much because everyone knows it's just a temporary stage before transitioning to PoS. This doesn't even involve how to potentially avoid ASICs, simply because the upcoming PoS transition means there's no incentive to build them.
Currently only a few Hong Kong brokers with virtual asset retail licenses can subscribe to the Hong Kong Bitcoin ETF through the new share subscription method (PD/distributor), and after the ETF officially enters the Hong Kong Stock Exchange, all hundreds of Hong Kong brokers and banks can purchase it. The approved virtual asset ETF adopts the performance of the ChiNext CF Bitcoin Index (Asia-Pacific closing price), so the profit and loss risks of cash subscription for Bitcoin ETF are basically the same as those of directly buying Bitcoin. As the exchange ratio between Bitcoin and Bitcoin ETF is fixed, if physical subscription is used in the IOP stage, that is, Bitcoin is used to subscribe to Bitcoin ETF, the relevant ETF can be exchanged for Hong Kong dollars in the exchange if it is sold at a premium after listing, and then buy back Bitcoin at the same time to earn the price difference between on-exchange and off-exchange. (Finance News Agency)
On April 26th, the US SEC filed a lawsuit against bitcoin mining company Geosyn Mining and its co-founders, accusing them of falsely reporting the number of cryptocurrency mining equipment in operation and using customer funds for personal expenses, resulting in a $5.6 million investment fraud.
According to DefiLlama data, the total market value of stablecoins has reached 158.197 billion US dollars, with a 7-day growth rate of 0.16%. Among them, the market value of UDST is 110.426 billion US dollars, with a market share of 69.8%.
According to data monitored by Arkham, Grayscale transferred about 1202 BTC to Coinbase and Coinbase Prime this morning. The data shows that Grayscale transferred about 1050 BTC to Coinbase about 9 hours ago, worth about $66.96 million, and then transferred about 151.416 BTC to Coinbase Prime about 7 hours ago, worth about $9.76 million.
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