Cryptocurrency trading platform BlockFi are limiting platform activities, including pausing client withdrawals. They also requested clients not deposit to BlockFi Wallet or Interest Accounts at this time, due to the impact of FTX collapse.
BlockFi near collapsed after a raging bull run last year. It entered into an agreement with cryptocurrency exchange FTX in which the latter provided BlockFi with a $400 million credit line.
Santa Clara-based Carv has secured $10m in Series A funding led by Tribe Capital and IOSG Ventures, with participation from Consensys, Fenbushi Capital, and other investors. The company plans to use the funds to expand its operations and development efforts. Carv specializes in providing gaming and AI development with high-quality data enhanced with human feedback in a regulatory-compliant, trustless manner. Its solution includes the CARV Protocol, CARV Play, and CARV's AI Agent, CARA. The company is also preparing to launch its node sale to enhance decentralization and bolster trustworthiness.
The seasonally adjusted annualized initial value of US GDP for the first quarter was 1.6%, estimated at 2.5%, and the previous value was 3.4%.
Local time in the UK, Qian Zhimin appeared in Westminster Magistrates' Court for the first time under the identity of Yadi Zhang. She was accused of obtaining, using or possessing cryptocurrency as criminal property from October 1, 2017 to this Tuesday in London and other parts of the UK. Currently, Qian Zhimin is charged with two counts of illegally holding cryptocurrency. Qian Zhimin is the main suspect in the Blue Sky Gerui illegal public deposit-taking case investigated by the Chinese police in 2017, involving a fund of 43 billion yuan and 126,000 Chinese investors. After the case was exposed, Qian Zhimin fled abroad with a fake passport and held a large amount of bitcoin overseas. According to the above Financial Times report, Qian Zhimin denied the charges of the Royal Prosecution Service in the UK, stating that she would not plead guilty or apply for bail.
In response to the news that "the Central Bank of Nigeria has issued a ban on cryptocurrency trading and requested financial institutions to freeze the accounts of users related to Bybit, KuCoin, OKX, and Binance exchanges," the Central Bank of Nigeria (CBN) stated in a document that the CBN has not officially issued such a notice, and the public should check the official website for the latest information to ensure the reliability of the news. According to a screenshot reported by Cointelegraph yesterday, the Central Bank of Nigeria has requested all banks and financial institutions to identify individuals or entities trading with cryptocurrency exchanges and set these accounts to "Post-No-Debit" (PND) status within six months. This means that account holders will not be able to withdraw funds or make payments from these accounts. According to the screenshot, the Central Bank of Nigeria has listed cryptocurrency exchanges that have not obtained operating licenses in Nigeria, including Bybit, KuCoin, OKX, and Binance. The Central Bank of Nigeria will crack down on the illegal purchase and sale of stablecoin USDT on these platforms, especially those using peer-to-peer (P2P) transactions. In addition, the Central Bank of Nigeria pointed out that financial institutions are prohibited from engaging in cryptocurrency transactions or providing payment services to cryptocurrency exchanges.
Ethereum's universal verification layer Aligned Layer has completed a $20 million Series A financing round, led by Hack VC, with participation from dao5, L2IV, Nomad Capital, and others. The Aligned Layer mainnet is scheduled to launch in the second quarter of 2024. As the EigenLayer AVS, Aligned Layer provides Ethereum with a new infrastructure for obtaining economically viable zero-knowledge proof verification for all proof systems.
Over the last few years, the Ethereum ecosystem has made tremendous strides in advancing the modular roadmap, a strategic plan aimed at enhancing scalability and efficiency through specialization and layering within the blockchain network. This has led to the development of an increasing number of chains, each specialized for distinct use cases. The cost of spinning up a new rollup has decreased significantly, blobs and data availability have made settling transactions even cheaper, and we now have L3s on top of L2s. It’s only a matter of time before we get to a world of 10,000 rollups and chains.
According to Coinglass data, the total open position of Bitcoin futures contracts on the entire network is 487,500 BTC (approximately 31.41 billion US dollars).Among them, the open position of CME Bitcoin contracts is 143,600 BTC (approximately 9.23 billion US dollars), ranking first;The open position of Binance Bitcoin contracts is 109,400 BTC (approximately 7.07 billion US dollars), ranking second.
According to BTC.com data reported by Jinse Finance, the mining difficulty of Bitcoin has increased by 1.99% to 88.1T at block height 840,672 (22:51:52 on April 24), reaching a new historical high. Currently, the average network computing power is 642.78EH/s.
We started building Reth in 2022 to provide resilience to Ethereum L1, and solve execution layer scaling on Layer 2. Today we’re excited to share Reth’s path towards 1 gigagas per second in L2 in 2024, and our longer-term roadmap for going beyond that. We invite the ecosystem to collaborate with us as we push the frontier of performance and rigorous benchmarking in crypto.
The top Democrat on the U.S. House Financial Services Committee, Maxine Waters, has stated that a stablecoin bill may be ready soon, indicating progress towards a new stablecoin law in the U.S. before the elections. Waters has previously criticized a version of the stablecoin bill, but emphasized the importance of protecting investors and ensuring that stablecoins are backed by assets. Congressional movement on stablecoin legislation has recently picked up pace, with input from the U.S. Federal Reserve, Treasury Department, and White House in crafting the bill. The stablecoin bill could potentially be tied to a must-pass Federal Aviation Administration reauthorization due next month, and may also be paired with a marijuana banking bill.
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