Headlines
▌Report : Bitcoin inflation rate is lower than gold
According to a new report from Glassnode, before the fourth Bitcoin (BTC) halving event, 900 BTC were produced per day, resulting in an inflation rate of 1.7%. The new figure after the halving is roughly equivalent to 450 BTC per day, with an annual inflation rate of 0.85%. These metrics put the network's supply issuance rate significantly lower than the 2.3% of gold, a historically important asset that Bitcoin is often compared to.
▌Rune token DOG’s transaction volume exceeded 100 BTC within 4 hours of launch
According to data from Ordinal News forwarded by Runestone initiator Leonidas, the Bitcoin Rune Token DOG exceeded 118.72 BTC (about 7,685,101 USD) in trading volume within 4 hours of opening. The trading volumes of the three platforms were: Magic Eden on Bitcoin: 45.21 BTC; OKX Wallet: 20.37 BTC; UniSat: 53.14 BTC.
In addition, as of press time, according to UniSat market data, DOG is currently trading at 5.7 sats (about $0.0037). The market is volatile, so please do a good job of risk control.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is $64,277.99, with a daily change of -3.2 % ;
ETH's latest transaction price is $3138.68, with a daily change of -2.6 % ;
BNB's latest transaction price is $608.11, with a daily change of +0.2 % ;
ORDI's latest trading price is $44.79, with a daily change of -6.8 % ;
DOGE's latest trading price is $0.1513, with a daily change of -5.5 % ;
SOL's most recent trading price is $147.71, with a daily change of -4.6 % .
policy
▌ If CZ is sentenced to prison, he may serve his sentence in the same prison as "crypto-anarchist" Jim Bell
In a filing with the U.S. District Court for the Western District of Washington in Seattle on April 23, Robert Palmquist said that if CZ is sentenced to prison, he could serve his sentence in the same prison as “crypto-anarchist” Jim Bell.
▌EU anti-money laundering bill passes final vote
The European Parliament voted on Wednesday to approve a set of laws that, in part, seek to strengthen "due diligence measures and checks on the identity of customers," including so-called crypto asset managers. They will also have to report suspicious activity to authorities. The new laws will affect crypto asset service providers (CASPs), such as centralized crypto exchage, as well as a variety of other institutions, including gambling services. Patrick Hansen, Circle's EU strategy and policy director, said in a post on X that the vote was expected and that the bill will be formally adopted by the EU Council and will begin to be implemented in three years.
▌ Samourai Wallet founder arrested and charged with money laundering
Federal prosecutors in the United States have charged Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to launder money. Rodriguez was arrested Wednesday morning and will be tried in Pennsylvania today or tomorrow, according to a press release. Samourai Wallet CTO Hill was arrested in Portugal on Wednesday morning and will be extradited to the United States.
▌S &P Global: If the stablecoin bill is passed, it will bring competitive advantages to banks
Rating agency S&P Global Ratings said that the latest stablecoin bill proposed by the US Senate, if passed, may encourage banks to enter the stablecoin market. When banks enter the market, Tether may decline. S&P Global said that if the new legislation is passed, it will limit the maximum issuance of entities without a banking license to $10 billion, thereby giving banks a competitive advantage.
Blockchain Applications
OP_CAT 's proposal to bring smart contracts to Bitcoin gets BIP 347
A serious attempt to bring Ethereum-like smart contract functionality to Bitcoin, called OP_CAT, has finally received the "BIP number" 347. This is the first step to actually launch the long-proposed software upgrade. "Getting a BIP number does not mean that the community has reached any consensus. It just makes it easier to discuss and write software," Ethan Heilman, one of the co-authors of the proposal, Armin Sabouri, said in an interview.
▌ DePin project gains momentum on Solana blockchain
Decentralized physical infrastructure (DePIN) is leveraging blockchain technology to enable users to take ownership of their data. A popular example of a DePIN project today is Helium, a wireless Internet of Things (IoT) network that currently runs on the Solana blockchain. In 2019, Helium launched its decentralized cellular network and has rapidly expanded its global coverage, with 392,090 hotspots currently available worldwide, according to Helium Explorer. In addition to Helium, another DePIN project that is built on Solana and has generated interest is Hivemapper, which hopes to completely reshape the mapping industry. Gabe Nelson, head of operations and marketing at Hivemapper, said that the company's founder and CEO Ariel Seidman has worked in the mapping industry for more than 20 years. During this time, one of the big problems Seidman wanted to solve was finding ways to create maps in a cost-effective and scalable way.
▌ Chainlink cross-chain interoperability protocol CCIP enters full availability
Chainlink announced that its Cross-Chain Interoperability Protocol (CCIP) has officially entered the General Availability (GA) stage. Developers can use CCIP to transfer loaded tokens across chains without permission, send arbitrary messages to smart contracts on another integrated blockchain, or send data and value at the same time through CCIP's unique support for programmable token transfers. Supported blockchains include Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX, and more blockchains will be added in the future.
Cryptocurrency
▌ 75% of Canadian institutional investors will own crypto assets by 2023
A KPMG survey showed that Canadian institutional investors significantly increased their cryptocurrency holdings in 2023, with 75% of respondents holding the asset class. Wealth management business fell back, with only 14% of firms offering cryptocurrency financial advice to clients by the end of 2023, down from 42% when the survey was conducted two years ago.
▌He He Yi: If the crypto industry is compared to the Wild West, then CZ is the guardian of this wilderness
Binance co-founder He Yi wrote to the US judge, "If the cryptocurrency industry is compared to the Wild West, then CZ is the guardian of this wilderness. For CZ, whether he is poor or rich, he takes charity seriously and assumes social responsibility because he is kind and has a humanitarian spirit." Finally, He Yi said, "Today, it is his sense of responsibility that made him choose to face the trial, but he should never be regarded as the same as those evil murderers, robbers, and fraudsters. I sincerely hope that Judge Jones can open God's eyes, be omniscient, and make a fair judgment after seeing a more complete CZ."
Ethereum DEX trading volume hits lowest level since February
According to data from The Block, the number of DEX traders on Ethereum has dropped from more than 95,000 at the beginning of this month to 63,000 last week, the lowest number of traders since February.
Important economic developments
▌The probability of the Federal Reserve keeping interest rates unchanged in May is 96%
According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in May is 96%, and the probability of a 25 basis point rate cut is 4%. The probability of the Fed keeping interest rates unchanged by June is 83.1%, the probability of a cumulative 25 basis point rate cut is 16.4%, and the probability of a cumulative 50 basis point rate cut is 0.5%.
▌The three major U.S. stock indexes closed with mixed gains and losses
The three major U.S. stock indexes closed mixed, with the Nasdaq up 0.1%, the S&P 500 up 0.02%, and the Dow down 0.11%. Tesla surged more than 12%.
Golden Encyclopedia
What is decentralized science?
Decentralized Science (DeSci) within the Web3 framework is a paradigm shift in scientific research characterized by four fundamental principles: incentives, transparency, decentralization, and collaboration. DeSci places a strong emphasis on transparency and supports free and open access to methods, data, and conclusions. DeSci fosters an environment of openness and accountability by encouraging transparency, making scientific research more reproducible and trustworthy. Collaboration is at the core of DeSci, which leverages distributed networks to enable cross-border, censorship-resistant collaboration. DeSci promotes diversity of viewpoints, expertise sharing, and group problem solving by eliminating institutional and geographic boundaries.
Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
