headlines

Ethereum successfully completes Shanghai upgrade

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headlines

Ethereum successfully completes Shanghai upgrade

According to Odaily’s OKLink data, the Ethereum Shanghai upgrade was completed at Epoch 194048 at 6:27:43 on April 13, Beijing time. This upgrade includes: the upgrade of the execution layer (Shanghai upgrade), the upgrade of the consensus layer (Capella upgrade), and the change of the engine API. The current pledge amount of Ethereum is about 18.1496 million, the pledge rate is 15.07%, and the annualized pledge income is 3.76%.
Odaily News Token Unlock data shows that since the completion of the Shanghai upgrade of Ethereum, the net withdrawal amount (de-pledge) has reached 18,700 ETH, and 128 ETH have been deposited into the pledge.

Industry news

In addition, there are currently 320,810 ETH pending withdrawal, worth about 564 million US dollars; a total of about 253,000 validators, of which 827 validators have fully withdrawn, and the rest are partial withdrawals.

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Industry news

Paxos to exit Canadian market next month for regulatory reasons

Odaily News Encrypted financial service provider Paxos will withdraw from the Canadian market. "Paxos has decided to no longer support customers in Canada. Given your Paxos account balance of zero, your account will be disabled on May 9, 2023," the company told Canadian customers in an email today.

Paxos is making the move for regulatory reasons, according to people familiar with the matter. A Paxos spokesperson said, "Paxos is focused on serving enterprise customers. While Canadian customers will no longer be supported in the short term, we will re-evaluate our presence in the region as customer needs evolve."

Odaily News The minutes of the Federal Reserve meeting mentioned that the Fed staff's forecast for the US economy showed that the real GDP growth in the United States this year slowed down and the labor market also softened. Given their assessment of the potential economic impact of recent banking developments, Fed staff projections at their March meeting included a mild recession starting later this year, followed by a two-year recovery. Real GDP growth is projected to remain below staff's estimate of potential output growth in 2024, and GDP growth is then projected to be above potential in 2025. Resource utilization expectations in both the product and labor markets were much lower than expected in January. (Golden Ten)

Hong Kong ZhongAn Bank will provide cryptocurrency-to-fiat exchange services through licensed exchanges

Chances of 25bp rate hike in May drop to 63.5% after US CPI data

Odaily News According to CME "Fed Watch" data, the probability of the Fed maintaining interest rates unchanged in May is 36.5%, and the probability of raising interest rates by 25 basis points is 63.5%; the probability of maintaining interest rates at the current level by June is 35.9%. The probability of a rate hike of 25 basis points is 63.0%, and the probability of a cumulative rate hike of 50 basis points is 1.2%. (Golden Ten)

Odaily News Ronald Iu, CEO of Hong Kong Zhongan Bank (ZA Bank), said in an interview on Tuesday that Hong Kong Zhongan Bank will provide exchange services from encrypted tokens to legal tender through licensed exchanges. ZhongAn Bank will act as a settlement bank for customers, allowing them to withdraw crypto tokens in Hong Kong dollars, Chinese yuan or U.S. dollars after depositing them on the exchange, Ronald Iu said.

The annual rate of core CPI in the United States was 5.6% in March, expected to be 5.60%, and the previous value was 5.50%

FTX Latest Developments

Odaily News FTX has recovered $7.3 billion in assets. Contains $2 billion in cash, $4.3 billion in Class A cryptocurrencies, $300 million in securities, $600 million in investment receivables, etc.
Its lawyer Sullivan Cromwell said in a court hearing on Wednesday: FTX is considering reopening the exchange business at some point in the future. One possible option is for FTX creditors to convert their claims into shares of the reopened exchange. The time to restart the exchange business may be the second quarter, around July.

FTX has recovered $7.3 billion in assets, or is considering restarting the exchange business, FTT rose by more than 50% in a short time

Odaily News FTX has recovered $7.3 billion in assets. Contains $2 billion in cash, $4.3 billion in Class A cryptocurrencies, $300 million in securities, $600 million in investment receivables, etc.

Its lawyer Sullivan Cromwell said in a court hearing on Wednesday: FTX is considering reopening the exchange business at some point in the future. One possible option is for FTX creditors to convert their claims into shares of the reopened exchange. The time to restart the exchange business may be the second quarter, around July.

Judge Denies SBF's Motion to Use FTX Insurance to Pay Its Legal Fees

Odaily judge denied SBF to use FTX's directors and officers insurance plan to pay its legal fees. At a hearing Wednesday, Bankruptcy Court Judge John Dorsey denied SBF's motion to use a $10 million policy to pay attorneys' fees.

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Project News

SushiSwap: Will provide users with a claim claim site for recovered funds, unrecoverable funds will take longer to process

Odaily News SushiSwap released an update on the RouteProcessor 2 vulnerability and user refunds, saying that for the recovered white hat funds, the team will create a Merkle Claim contract and a website to remove any remaining RouteProcessor 2 approvals and return user funds to their wallets .

Project News

SushiSwap: Will provide users with a claim claim site for recovered funds, unrecoverable funds will take longer to process

Odaily News SushiSwap released an update on the RouteProcessor 2 vulnerability and user refunds, saying that for the recovered white hat funds, the team will create a Merkle Claim contract and a website to remove any remaining RouteProcessor 2 approvals and return user funds to their wallets .

Odaily News Argentine futures exchange Matba Rofex was authorized by the Argentine securities regulator CNV on Tuesday local time to launch regulated bitcoin futures.

Twitter may become new defendant in Musk's DOGE price manipulation case for switching to DOGE logo

Bit Deer to List on Nasdaq on April 14
Twitter may become new defendant in Musk's DOGE price manipulation case for switching to DOGE logo

NFT

Odaily News Twitter may be listed as a new defendant in a class action lawsuit against Twitter CEO Elon Musk for manipulating DOGE prices.

Azuki has now regained control of the Ins account and is cooperating with Meta to investigate the incident

Aptos launches $20M grants program to encourage artists to create on-chain

Odaily News Aptos announced that it will launch a $20 million grant program to encourage artists to use the Aptos blockchain to create. Creators can submit applications on the Aptos Foundation's website. Aptos will provide the winners with funding and "infrastructure access" to help them "get the most out of" the Aptos ecosystem.

Odaily News The NFT project Azuki tweeted that it has regained control of the official Instagram account and is cooperating with Meta to investigate the incident.

Odaily News The Bruce Lee Foundation and the NFT video platform Shibuya launched a Bruce Lee-themed NFT. The total amount of the NFT series is unlimited, and the casting price is 0.008 ETH. The image of the NFT series was hand-painted by Emily "ppplleasr" Yang and designed in collaboration with Shannon Lee, Bruce Lee's daughter and founder and president of the Bruce Lee Foundation.

Investment and Financing

OKX Ventures makes strategic investment in Layer 1 public chain Sei Network

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Investment and Financing

OKX Ventures makes strategic investment in Layer 1 public chain Sei Network

According to official news from Odaily, OKX Ventures announced a strategic investment in Layer 1 public chain Sei Network. Sei Network is the first parallelized Cosmos chain, allowing independent transactions to be processed simultaneously, improving overall throughput and latency, and designed specifically for transactions.

Odaily News Sei Labs announced that its eco-fund has completed a new round of financing of 50 million US dollars, and the cryptocurrency exchange Bitget and Foresight Ventures participated in the investment. So far, the company's total financing amount has reached 120 million US dollars.

Digital asset manager Metalpha is raising $100 million fund, has raised $20 million so far

Odaily News Metalpha, a digital asset management service provider headquartered in Hong Kong, China, plans to raise a US$100 million fund to invest in Bitcoin and other encryption products of Grayscale Investments LLC, and provide a compliant participation channel for Chinese encryption investors. Metalpha has raised $20 million for the new fund since March.

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Buffett: Bitcoin is a 'Gambling Token'
Odaily News Warren Buffett said in an interview with CNBC that he believes that Bitcoin is a "gambling token." (Golden Ten)

CZ: CeFi and DeFi are not completely competitive, Binance hopes to be a bridge between the two

Odaily News In the 2023 Hong Kong Web3 Carnival "CeFi Future, Start Now" roundtable discussion, Binance founder CZ said that the bridge between CeFi and DeFi is not a complete competitive relationship, and Binance hopes to become a bridge between the two.