I. Major Exchange Updates
- Bybit Partnership: Collaborated with Ethena Labs to integrate USDe as collateral for Bitcoin and Ethereum spot trading pairs.
- Binance Advocacy: CEO urges Nigerian government to release detained executive Tigran Gambaryan.
- New Trading Pairs: Binance adds EGLD/TRY, PHB/TRY, RSR/TRY spot pairs.
- dYdX Integration: Binance completes mainnet integration for DYDX.
II. Trending Projects & Events
- Suilend Rewards: Launches daily points program with 10M on-chain points stored.
- Aethir Airdrop: Cloud Drop event targets Azuki community members.
- Grayscale Withdrawal: Retracts Ethereum futures ETF application with the SEC.
- Velodrome Launch: DEX protocol now live on Mode Network.
- Starknet Funding: $5M seed grant program initiated by Starknet Foundation.
- Tabi Chain Airdrop: Distributes 800M TABI tokens in Q1.
III. Funding Highlights
| Project | Sector | Amount Raised | Lead Investor |
|---|---|---|---|
| Ambient (DePIN) | Solana Ecosystem | $2M Seed | Undisclosed |
| ZKM | Blockchain | $5M Pre-A | OKX Ventures |
| Blade of God X | Gaming | Undisclosed | OKX Ventures |
| Botanix Labs | Infrastructure | $11.5M | Polychain Capital |
| Galaxis (Web3) | Platform | $10M | Undisclosed |
IV. Regulatory Developments
- SEC Warning: Chair Gensler labels crypto as "fraud-ridden" with inadequate disclosures.
- South Korea's Push: Democratic Party pledges crypto spot ETF approvals.
- Nigeria Ban: P2P crypto trades using Naira prohibited.
- HKMA Initiative: Task force formed to advance tokenization markets.
- Australia's ATO: Requests 1.2M crypto account details from exchanges.
V. Market Analysis
Bitcoin Trends
- Price Action: BTC peaks at $65,500, retraces to key supports at $57,881 and $55,875.
- ETF Flows: Net inflows hit $11.76B; GBTC dominates outflows ($2.9M daily).
Meme Coin Surges
- CWIF: +240% rally post-bottom; 4% auto-burn per transaction.
- TRB: +139% recovery signals potential sector rotation.
- MERY: Strong performance in Cronos ecosystem (TVL: $504M).
On-Chain Highlights (24h)
- ARKY (Meme): Hal Finney’s dog-themed; $1.5M cap, +11.1%.
- THREE (Privacy): ZKP-based DAO; $34.3M cap.
- JOGECO (Base Meme): Tied to ex-Coinbase exec; $1M cap, +47%.
- MOTION (Solana): Community-led; $3.8M cap, +1360%.
FAQs
Q: What is the purpose of HKMA's tokenization task force?
A: To streamline regulatory frameworks and foster growth in digital asset tokenization.
Q: How does USDe integration affect Bybit users?
A: Enhances liquidity by enabling USDe as collateral for BTC/ETH trades.
Q: Why did Grayscale withdraw its Ethereum ETF application?
A: Strategic reassessment amid regulatory uncertainty; details undisclosed.
👉 Stay updated on tokenization developments
Disclaimer: Content is informational only. Refer to official sources for accuracy. Decisions based on this data are at your own risk.
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