Elon Musk has filed a legal challenge to stop OpenAI from becoming a fully for-profit company, claiming it violates its original mission and harms competition. He also accuses OpenAI and Microsoft of using their partnership to block funding for rival AI companies like his own xAI.

The most discussed topic today is why @HyperliquidX is more successful than other Perps. Let me talk about $HYPE from my personal experience.

Meme and public chains are an interesting pair of symbionts, and they are also very similar. The most important thing for MEME is traffic and reaching users, because without value, there is no valuation system to constrain it. It only needs exaggerated rises and falls to reach users, and consensus determines the price.

The price of XRP has risen rapidly in recent days, reaching US$2.42 per coin, and its market value has exceeded US$137 billion, making it the third largest crypto asset in the world.

XRP may be in the midst of a “leverage-driven” rally as the asset’s price surges to a new yearly high.

Although I consider myself a cryptographer, I am not particularly interested in "crypto".

Exchange, Zhao Changpeng, The grudges in the Chinese cryptocurrency circle, Golden Finance, In 1986, a baby boy was born in Shaoyang, Hunan.

This week, 29 blockchain startups raised a total of $109.2 million in funding. World Liberty Financial raised $30 million in a pre-seed round of funding — the largest round of the week.

The bull market is still spreading. Although Bitcoin has experienced both ups and downs, Ethereum reversed its decline and broke through $3,700. Defi, Layer2 and other sectors generally rose, and the altcoin market finally began to regain vitality.

Recently, more than 30 crypto bosses collectively accused the Biden administration of having a carefully planned "Chokepoint 2.0" operation to secretly force banks not to provide services to the crypto industry.

On March 28, OKX issued the 17th consecutive reserve certificate. The reserve rates of the 22 public currencies all exceeded 100%, including BTC reserve rate of 102%, ETH reserve rate of 104%, and USDC reserve rate. The reserve rate of USDT is 110%, and the reserve rate of USDT is 106%. The total value of the four reaches US$22.1 billion. It is reported that OKX is committed to improving POR transparency to traditional financial audit standards, thereby continuing to lead the industry in safety and transparency. OKX insists on releasing POR on a monthly basis. The reserve ratio has exceeded 100% for 17 consecutive months. The number of public currencies has increased from 3 to 22. It has successively passed the Merkle tree, full-view Merkel tree, and zk-STARK, etc. Technology continues to upgrade the POR system, setting multiple milestones. Under the premise of protecting privacy, users can independently verify the solvency of OKX at any time, and was rated by blockchain expert Nic Carter as representing the highest level of POR quality for mainstream exchanges.

أطلقت OKX POR شهادة الاحتياطي الخامسة عشرة على التوالي، والتي تعرض معدلات احتياطي قوية لـ 22 عملة عامة، وكلها تتجاوز علامة 100%. المهم ملاحظته هو أن بيتكوين تتصدر المجموعة بمعدل احتياطي يبلغ 102%، في حين تحذو حذوها عملة إيثريوم (ETH) وUSDT وUSDC بمعدل مذهل يبلغ 104%. وتبلغ القيمة التراكمية لهذه العملات الأربع وحدها مبلغا مذهلا … source: https://btcacademy.online/%d9%85%d9%86%d8%b5%d8%a9-okx-%d8%aa%d8%b7%d9%84%d9%82-%d8%b4%d9%87%d8%a7%d8%af%d8%a9-%d9%85%d8%b9%d8%af%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d8%a7%d8%ad%d8%aa%d9%8a%d8%a7%d8%b7%d9%8a-%d9%84%d9%80-22-%d8%b9/

Binance has marked a significant milestone with its user assets reaching over $100 billion. Binance holds all user funds at a 1:1 ratio, in addition to reserves, a feature that can be verified using the Binance proof-of-reserves (POR) system. Establishing a standard in the industry, Binance emphasizes the transparency and reliability of centralized platforms holding user assets due to its POR system, especially with more funds flowing into the crypto ecosystem during the current market cycle. This important development signifies both the health of the crypto market and the improved transparency of user funds in the crypto space. Furthermore, Binance exceeded the $100 billion mark in early March, for the first time since initiating disclosure of user asset holdings via the POR system in November 2022. Aggregate USD value of digital assets held by Binance, November 2022-March 2024. Source: DefiLlama. The factors contributing to this success are the solid performance of the crypto markets and the ongoing trust in Binance as a responsible steward of user funds. The POR system, which supports 31 digital assets and employs innovative solutions based on zero-knowledge cryptography, demonstrates Binance's dedication to the transparency of user funds. Binance's success in exceeding $100 billion in user funds indicates the growing trust in both the platform and the expanding crypto industry. The thriving future of digital assets depends on transparent and secure custvody by responsible entities like Binance. Binance's commitment to its proof-of-reserves system speaks to its resolve to ensure user fund safety and management. Beyond that, it reflects an industry-leading position fostering trust, transparency, and a promising future for the entire crypto ecosystem.

In a recent announcement, cryptocurrency exchange OKX announced the results of its sixteenth Proof of Reserve (POR). Continue Reading: Bitcoin Exchange OKX Announces Sixteenth Proof of Reserve! Why is the Amount of BTC and ETH Decreasing? Here are the Details source: https://en.bitcoinsistemi.com/bitcoin-exchange-okx-announces-sixteenth-proof-of-reserve-why-is-the-amount-of-btc-and-eth-decreasing-here-are-the-details/

1. OKX releases the 16th POR: the total reserve value of BTC, ETH, USDC and USDT reaches US$17.7 billion; 2. ZachXBT: BitForex hot wallet experienced an abnormal outflow of US$56.5 million, and user withdrawals were suspended; 3. Chain Games Shrapnel will consider permanently banning user accounts that violate regulations during the early testing activities; 4. Frax Finance considers introducing a token staker reward mechanism similar to Uniswap; 5. The Weave6 platform token WX was overraised 16.5 times, with a total of US$42 million in participation; 6. Avalanche will activate the Durango upgrade on the mainnet in the early morning of March 7; 7. The Binance flash exchange trading platform will conduct system maintenance on some trading pairs at 17:30 on February 28; 8. OKX Ventures announced its investment in Delphinus Lab, a provider of trustless computing platform; 9. ETH has experienced deflation for 8 consecutive days, and yesterday’s annualized growth rate was -0.2249%; 10. Montenegro High Court Official: The decision to extradite Do Kwon to the United States may be overturned by the Court of Appeal again; 11. Anchorage Digital general counsel Georgia Quinn has resigned; 12. Chain Games Shrapnel will consider permanently banning user accounts that violate regulations during the early testing activities.

On February 26, OKX issued the 16th consecutive reserve certificate. The reserve rates of the 22 public currencies all exceeded 100%. Among them, the reserve rate of BTC was 103%, and the reserve rates of ETH and USDC were both 104%. The reserve ratio of USDT is 105%, and the total value of the four is US$17.7 billion. It is reported that OKX is committed to improving POR transparency to traditional financial audit standards, thereby continuing to lead the industry in safety and transparency. OKX insists on releasing POR on a monthly basis. The reserve ratio has exceeded 100% for 16 consecutive months. The number of public currencies has increased from 3 to 22. It has successively passed Merkle tree, full-view Merkel tree, and zk-STARK. Technology continues to upgrade the POR system, setting multiple milestones. Under the premise of protecting privacy, users can independently verify the solvency of OKX at any time, and was rated by blockchain expert Nic Carter as representing the highest level of POR quality for mainstream exchanges.

On January 31, OKX released the 15th consecutive reserve certificate. The reserve rates of the 22 public currencies all exceeded 100%, of which the BTC reserve rate was 102%, and the reserve rates of ETH, USDT, and USDC were all 104 %, with a total value of US$14.9 billion. In addition, this POR also added BCH for the first time. It is reported that OKX is committed to improving POR transparency to traditional financial audit standards, thereby continuing to lead the industry in safety and transparency. OKX insists on releasing POR on a monthly basis. The reserve ratio has exceeded 100% for 15 consecutive months. The number of public currencies has increased from 3 to 22. It has successively passed the Merkle tree, full-view Merkel tree, and zk-STARK. Technology continues to upgrade the POR system, setting multiple milestones. Under the premise of protecting privacy, users can independently verify the solvency of OKX at any time, and was rated by blockchain expert Nic Carter as representing the highest level of POR quality for mainstream exchanges.

On January 13, Matrixport COO Cynthia Wu made 6 predictions for Web3 in 2024 at the "2024 Family Office Matrixport Hong Kong Summit": 1. Spot ETFs will bring US$50-100 billion in new funds to the encryption market, Hong Kong The first batch of crypto spot ETFs may be approved; 2. Bitcoin’s dominance will decline and the ETH/BTC ratio will be corrected; 3. Venture capital and corporate investment will be more active; 4. CEX, custodians and stablecoins will face more challenges Extensive regulation, the industry may implement mandatory asset segregation, focusing on financial audits and independent POR; 5. Secondary market trading volume and derivatives OI will reach new highs; 6. RWA tokenization will become an important component of crypto market capitalization and DeFi TVl part.

OKX has released its 14th consecutive reserve certificate. The reserve rates of the 22 public currencies are all over 100%. Among them, the reserve rates of BTC, ETH, USDT, and USDC are 103%, 104%, 103%, and 101% respectively. , the total value of the four reached US$14.8 billion. It is reported that over the past year or so, OKX has insisted on releasing POR on a monthly basis, gradually increased the number of public currencies from 3 to 22, released more than 220,000 public wallet addresses, and the reserve rate has exceeded 100% for 12 consecutive months. The POR system has been continuously upgraded through technologies such as Merkle tree, panoramic Merkel tree, and zk-STARK, and has achieved multiple milestones. On the premise of protecting privacy, users can independently verify the solvency of OKX at any time.