1. Popular Cryptocurrencies on CEX
Top 10 Trading Volume and 24-Hour Price Changes on CEX:
BTC: -5.33%
ETH: -11.1%
SOL: -11.16%
XRP: -9.96%
BNB: -4.61%
Doge: -11.1%
PEPE: -9.69%
SUI: -11.9%
GUN: -1.1%
ADA: -10.96%
24-Hour Gainers List (Data Source: OKX):
AERGO: + 52.07%
FORTH: + 27.21%
ERN: + 16.07%
DUCK: + 2.94%
HMSTR: + 2.75%
FLM: + 1.72%
DGB: + 1.46%
OKB: + 1.184%
CATI: + 1.04%
ACT: + 0.56%
3. 24-Hour Hot Search Cryptocurrencies
BTC: BTC plummeted this morning, briefly touching as low as 77,153.83 USDT.
Headlines
Odaily Report: OKX market data shows BTC dropped below 78,000 USDT, currently trading at 77,952.6 USDT, with a 24-hour decline of 6.26%.
Odaily Report: OKX market data shows ETH dropped below 1,600 USDT, currently trading at 1,599.3 USDT, with a 24-hour decline of 10.49%.
Whale's 67,500 ETH Position Liquidated at $1,650, Failed Attempt to Add Collateral
Odaily Report: According to Yuji analysis, as the market declined, a whale's total 67,500 ETH position (approximately $105 million) was fully liquidated near $1,650, further exacerbating ETH's price decline. The whale reportedly attempted to add 2,160 ETH as collateral around 1 AM to lower the liquidation line but was ultimately force-liquidated around 6 AM, repaying $74.4 million in DAI loans.
ETH/BTC Exchange Rate Breaks Below 0.02, Reaching a New Low with 24-Hour Decline of 7.02%
Odaily Report: Market data shows the ETH/BTC exchange rate broke below 0.02 this morning, reaching a new low since early 2020, briefly touching 0.0198, currently at 0.02015, with a 24-hour decline of 7.02%.
Odaily Report: OKX market data shows SOL with a 24-hour decline of 13%, currently at $103.4, and ETH with a 24-hour decline of 13%, currently at $1,564.6.
US SEC to Hold Second Roundtable on Crypto Regulation on April 11
Odaily Report: The US Securities and Exchange Commission (SEC) will host its second roundtable on crypto regulation from 1 PM to 5 PM Eastern Time on April 11, with the theme "Tailoring Regulation for Crypto Trading Volume".
Industry News
FTX May Reject Over $2.5 Billion in Claims Related to KYC Non-Compliance
Odaily Report: As users failed to verify their identities by the March 3 deadline, FTX will cancel the claims of nearly 400,000 customers, potentially leading to the cancellation of up to $2.5 billion in claims due to non-compliance with Know Your Customer regulations. According to Delaware Bankruptcy Court documents from April 2, 392,000 claims have been completely rejected and deleted, spanning 2,377 pages. While initially estimated at around $1 billion, creditor representative Sunil Kavuri suggests the actual amount may exceed $2.5 billion, including $655 million in small claims and $1.9 billion in large claims. These canceled claims are part of the total $33.6 billion in disputed claims FTX expects to reject. FTX states this process is crucial to addressing the previous management's failures in user data collection and due diligence. (DL News)
Project News
CZ Envisions AI Social Assistant X Agent, Plans Personalized Tweet Bot
Odaily Report: CZ stated he is conceptualizing an AI Bot called "X Agent" while communicating with BNB Chain developers, which can mimic user style for tweeting. Initially, it will generate content matching personal tone by analyzing user's historical tweets and trending topics, with future plans to support tweet summarization, intelligent replies, and sentiment analysis. His YZi Labs intends to fund such projects and plans to monetize through a BNB-denominated subscription model.
Odaily Report: The L2 network Lens Chain for SocialFi has launched its mainnet, offering the following features: Lens Chain: Scalable, fast, and low-cost transactions using GHO stablecoin as gas. Social Protocol (Lens V3): Pre-built social primitives like accounts and groups. These primitives are flexible and modular, can be integrated into existing applications. Grove: On-chain permissioned content storage controlled by users. Developer Dashboard: Manage applications, easily onboard users, and integrate without coding expertise.
Babylon: Airdropped Tokens Will Not Have Transfer Lockup Restrictions
Odaily Report: Babylon responded to early adopter airdrop questions, stating that the airdrop covers Bitcoin staking first-phase stakers, first-phase finality providers, and specific open-source GitHub repository contributors. All first-phase staking (whether accepted, overflowed, unbonded, or withdrawn) will typically receive airdrop allocation, with no transfer lockup restrictions on airdropped tokens. Babylon also confirmed that the Labs points program ended on April 2.
Mind Network Announces First FHE Token Airdrop Details
Odaily Report: Fully Homomorphic Encryption (FHE) infrastructure Mind Network officially opened FHE token airdrop queries today, allowing users to check airdrop amounts on their official website. The airdrop targets five user categories, including CitizenZ Passport NFT holders, $vFHE delegates and mainnet participants, invitation activities, AgentConnect Hub registration, and community contributors. The team states the airdrop aims to thank early supporters and active users for their ecosystem contributions and promote FHE technology and Agentic AI ecosystem development. Records show Mind Network previously raised $12.5 million, with investors including YZi Labs, Animoca, and other notable institutions.
Web3 Social App Phaver Ceases Operations, Token Price Down 99% Since TGE
Odaily Planet Daily News: According to DeFi researcher Ignas, Web3 social media application Phaver has ceased operations, with its token price dropping 99% since its TGE in September 2024.
Phaver team members cited three reasons: first, technical issues with TGE and airdrop prevented users from timely token claims, triggering FUD; second, Phaver paid over $1 million in listing fees for 5 CEXs; third, due to low market sentiment, the team did not sell tokens during TGE, leading to insufficient operational funds. As a Finnish company, Phaver also needs to pay 1-2 months of severance to employees. Some former team members are developing SocialDAO to seek new use cases for the SOCIAL token.
Crypto shooting game "Shrapnel" developer Neon Machine exposed to financial crisis
Odaily Planet Daily News: Crypto shooting game Shrapnel's developer Neon Machine is facing severe financial difficulties. To date, the company has spent nearly $86.9 million in operational funds, with 2024 revenues reaching $21.7 million, but high operating costs of around $33 million have prevented profitability, resulting in a net loss of $11.4 million.
Sources indicate Neon Machine's monthly cash burn is $2-3.5 million, currently in a cash-strapped state with substantial unpaid debts, owing millions to external suppliers. The company's planned financing round for early 2025 has not materialized. Previously, they completed a $20 million Series A funding in October 2023, led by Polychain Capital.
Moreover, staff has dramatically reduced from nearly 100 to just over ten, with very few actively developing Shrapnel. To extend cash flow, the company has implemented at least three rounds of layoffs and requested high-paid employees to voluntarily reduce salaries by about 20%. Their Seattle headquarters was closed by the end of March.
Despite this, the company still claims to be "in the strongest state ever" and plans to globally launch Shrapnel by the end of 2025. However, multiple sources close to Neon Machine doubt the game's successful launch, stating the project remains unfinished and funds are exhausted. (Blockworks)
People*Voices
CZ: Meme should not be the only thing in crypto, we must support long-term builders
Odaily Planet Daily News: At the BNB Super Meetup, CZ stated that Meme should not be the only thing in crypto, noting the current community mindset is unhealthy, and the crypto space needs long-term construction projects that support long-term builders.
GMGN Co-founder: GMGN earned $60 million on Solana, without selling all staked assets
Odaily Planet Daily News: GMGN co-founder Haze stated at the Hong Kong Web3 Carnival that GMGN earned $60 million worth of Solana on the Solana blockchain, without selling all staked assets. Before founding GMGN, he spent 4 years working on on-chain data, including linking on-chain addresses with Twitter, rat warehouse analysis, and on-chain address tagging. Now, using GMGN to trade Solana meme coins takes only 0.58 seconds from on-chain to trade completion, while Solana's average block time is 0.4 seconds.
Trader Eugene: Last Friday's BTC dip-buying position was liquidated today
Odaily Planet Daily News: Famous trader Eugene Ng Ah Sio posted in his personal channel that his BTC position bought during last Friday's dip (previously reduced) was automatically liquidated today after breaking the stop-loss price.
Last Friday, Eugene had stated that Bitcoin's support level was very solid, and Bitcoin's relative strength during market crashes could not be ignored. He had established a position at $83,200 and believed the S&P 500's 5,100 point bottom was credible, theorizing that any stock market recovery would potentially boost Bitcoin's surge.
