BTC breaks through $71,000 FTX to distribute funds to creditors by the end of 2024

Headlines

▌BTC breaks through 71,000 US dollars

The market shows that BTC breaks through 71,000 US dollars and is now trading at 71,039.33 US dollars, with an intraday increase of 1.61%. The fluctuations are large, so please control your risks.

▌The FTX bankruptcy estate has scheduled the first distribution of funds to creditors before the end of 2024

According to the joint official liquidators of FTX Digital held in the Bahamas According to minutes of a meeting, the liquidator and Chapter 11 debtors shared the goal of distributing the first funds to creditors by the end of 2024. FTX’s bankruptcy consists of two parallel, separate processes: bankruptcy protection, which is being adjudicated in a U.S. court in Delaware, and FTX Digital’s official liquidation process, due to FTX’s accounting being “hopelessly mixed.” However, the parties to the bankruptcy estate have agreed to work together to allow creditors to bring claims against either entity and to ensure that no creditor receives less than the value they deserve.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was US$71,231.7, with intraday increases and decreases+1.19%;

ETH’s recent transaction price was US$3,643.25, rising during the day Decline+0.73%;

BNB The recent transaction price was US$606.4, and the intraday increase or decrease was +0.17%;

ORDI’s recent transaction price was US$69.895, with an intraday increase or decrease of -2.08%< /strong>;

The recent transaction price of DOGE was US$0.2202, with an intraday increase or decrease+3.63< /strong>%;

SOL’s recent transaction price was US$202.5, with intraday gains and losses+3.51%.

Policy

▌Bitwise hopes that the US SEC will postpone the approval of spot Ethereum ETF until December

Spot Ethereum ETF applicant Bitwise hopes that the U.S. SEC will postpone the approval of spot Ethereum ETF until December. Matt Hougan, chief information officer of Bitwise, believes that the asset management industry is too focused on Bitcoin products and cannot provide the necessary attention for the booming development of spot Ethereum ETF.

Blockchain Applications

▌Polygon Labs CEO: L3 deprives Ethereum of its value and security and does not plan to develop its own L3 network

The L3 network Degen Chain is built using Arbitrum Orbit and launched by infrastructure provider Syndicate on March 28. It is a dedicated ultra-low-cost network for the Degen token (DEGEN), which has become the Farcaster Web3 A de facto community token for users of social media services.  

Memecoin trading activity has exploded on Degen recently. In response, the CEO of Polygon Labs criticized the L3 chain for taking away the value and security of Ethereum and said that the company has no plans to develop its own L3 network.

▌Security tokens backed by the Diamond Standard Fund are listed on the trading platform Oasis Pro Markets

Avalanche announced on the X platform, by The security token backed by the Diamond Standard Fund is listed on the trading platform Oasis Pro Markets. The token was created by digital asset securities infrastructure provider Oasis Pro based on Avalanche C-Chain and jointly sponsored by Diamond Standard Commodities and Horizon Kinetics. , initiated the adoption of the ERC-3643 token standard, which is a licensed token tailored for tokenized assets. The smart contract is open source and allows issuance, management and transfer.  

John Wu, president of Ava Labs, the Avalanche ecosystem development organization, said that tokenizing diamonds and providing exposure through fund structures on Avalanche is how blockchain can bring transparency and transparency to the asset class. A classic case of efficiency.

Cryptocurrency

▌The RWA sector has generally risen, and POLYX has risen by more than 16% in the past 24 hours

Data shows that, As of now, the market value of RWA currency is US$9.71 billion, with a 24-hour increase of 9.7%. In addition, RWA coin trading volume reached $976 million in the past 24 hours. Among them: ONDO has risen 11.4% in the past 24 hours and is now at $1.02; POLYX has risen 16.2% in the past 24 hours and is now at $0.72; OM has risen 5.2% in the past 24 hours and is now at $0.745; PENDLE has risen 11.2% in the past 24 hours and is now at $0.72 It was quoted at $5.3.

▌SOL broke through 200 US dollars

The market showed that SOL broke through 200 US dollars and is now trading at 200.01 US dollars. The intraday increase reached 2.85%. The market fluctuated greatly. Please do risk control.

▌WIF market value surpasses Arbitrum, ranking rises to 31st place

The market value of Solana Memecoin token WIF reaches US$4.667 billion, surpassing Arbitrum 4.378 billion US dollars, ranking rose to 31st.

▌ILV breaks through 140 US dollars

The market shows that ILV breaks through 140 US dollars and is now trading at 140.25 US dollars, with an intraday increase of 4.09%. The market fluctuates greatly. Please do risk control.

Important Economic Trends

▌China Index Research Institute: The average price of second-hand housing in 100 cities fell by 0.56% month-on-month in March

According to the survey data of the China Real Estate Index System's 100-City Price Index on the new and second-hand residential sales markets in 100 cities across the country and the rental market in 50 cities, in March 2024, the average price of new residential buildings in 100 cities was 16,311 yuan/square meter, month-on-month It rose by 0.27%, an increase of 0.13 percentage points from February; a year-on-year increase of 0.82%. In March, the real estate market entered the traditional peak marketing season, and the pace of real estate companies' launches was significantly accelerated. Driven by the entry of high-quality improvement projects in some cities, the price of new residential buildings in 100 cities increased structurally month-on-month. Among them, the average price of new homes in Shanghai increased by 1.09% month-on-month, ranking first among the 100 cities. , mainly due to the structural impact of high-priced newly launched projects such as China Overseas Shunchang Jiuli, Huangpu Qingchengfu, and Greentown Bund Lanting. The average price of second-hand housing in 100 cities was 15,088 yuan/square meter, down 0.56% month-on-month, and the decline expanded 0.19 percentage points from February. It has fallen month-on-month for 23 consecutive months; the year-on-year decline expanded to 4.80%.

Golden Encyclopedia

▌What is an NFT swap order?

NFT swap orders are typically placed based on predefined parameters agreed upon by both parties, including information about the assets being traded, the quantities involved, and any additional terms or conditions. As the NFT market grows, swap orders are critical to enabling the transfer of digital assets and collectibles between investors, artists, and collectors.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.