headlines
▌Ethereum blobs are used to create inscriptions, and 2,437 blob inscriptions were created on March 27
According to Dune Analytics data, Ethereum blobs are being used to create inscriptions at record speeds, much like Ordinals on Bitcoin. According to a Dune Analytics user named Hildobby, 2,437 blob inscriptions appeared on March 27, accounting for 22.8% of the blobs released that day. Compared with the situation in Ethereum L2, inscriptions accounted for 2437 blobs released on Wednesday. The highest proportion. Additionally, the increase in blob inscription coincides with a spike in Base fees, reaching $300 before falling to around $30. Hildobby said that inscriptions on the EVM chain embed data in transactions, much like Ordinals on Bitcoin.
Ethereum’s March 13 Dencun upgrade allows the creation of data blobs, which increases the amount of data included in Ethereum transactions without affecting block processing time.
▌Bitcoin L2 network BOB completed US$10 million in financing
BOB, a hybrid Layer 2 (L2) network on Bitcoin, completed US$10 million in financing, led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, angel investor Dan Held and BRC-20 token standard creator Domo cast. BOB aims to launch the first Bitcoin Layer 2 compatible with the Ethereum Virtual Machine (EVM).
Quotes
As of press time, according to coinmarketcap data:
BTC’s recent transaction price was $69,456.7, with an intraday increase or decrease of +0.83% ;
ETH’s recent transaction price was US$3,505.46, with an intraday increase or decrease of -0.26% ;
BNB’s recent transaction price was US$575.2, with an intraday increase or decrease of +0.91% ;
ORDI’s recent transaction price was $62, with an intraday increase or decrease of -0.42% ;
DOGE’s recent transaction price was $0.1902, with an intraday increase or decrease of +1.45% ;
SOL's recent transaction price was US$186.36, with an intraday increase or decrease of +2.86% .
policy
▌The United States and the United Kingdom have now imposed joint sanctions on the crypto fundraiser Gaza Now, which is “aligned with Hamas”
Gaza Now, a pro-Hamas online media channel, was jointly sanctioned by the United States and the United Kingdom for facilitating public fundraising for Hamas following the October 7 attacks in Israel. Blockchain analytics firm Elliptic found that Gaza Now received $21,000 in cryptocurrency donations in the weeks after the attacks. Cryptocurrency donations still make up only a small part of the overall terrorism financing landscape, according to a new report from TRM Labs. Most donations are under $500.
▌Dutch prosecutors seek a 64-month prison sentence for Tornado Cash developer Alexey Pertsev
Dutch prosecutors told a judge at trial that Tornado Cash developer Alexey Pertsev should be sentenced to 64 months in prison for money laundering. An indictment shared by prosecutors before trial details Pertsev laundering $1.2 billion worth of cryptocurrency through the anonymity tool Tornado Cash. The indictment alleges that between July 9, 2019, and August 10, 2022, Pertsev "developed a habit of money laundering." The court said the judge will make a ruling on May 14.
▌The Hague International Legal Institution launches digital asset tokenization plan
The Hague Conference on Private International Law (HCCH) has launched a digital asset tokenization project aimed at solving legal confusion for cross-border enterprises. The project will look into different types of digital tokens, such as real estate tokens and payment tokens. At the same time, HCCH is also conducting preliminary research on legal issues regarding digital securities and how to manage and control digital assets in blockchain networks.
Blockchain application
▌ Algorand claims to be the first L1 blockchain to use Python as its native programming language
The Algorand Foundation launches AlgoKit 2.0, which it claims makes Algorand the first L1 blockchain to use Python as its native programming language. Popular applications such as Instagram, Spotify and Uber are written in Python and used by more than 10 million software developers worldwide, the team said. AlgoKit 2.0 is an upgrade to the AlgoKit command line interface (CLI), a toolset for building on Algorand that enables developers to write Web3 applications using regular Python, which has been enhanced with an improved template system Internally re-architected to provide an overall more streamlined developer experience.
▌ Layer N announces the launch of AI Functions for AI reasoning and AI use cases
Layer N, an “Ethereum StateNet” designed as a network of custom virtual machines, announced the launch of AI Functions, a tool that allows developers to integrate AI inference and AI use cases in their applications. This is in partnership with Modulus Labs, a company focused on bringing AI on-chain through ZK technology. Examples of use cases might include replacing AMMs with more complex models, yield optimization strategies, gaming and AI cryptographic agents, and AI arbitration. "Imagine a prediction market that includes AI-based arbitration of event outcomes, thereby reducing the risk of consensus collusion," the team wrote in a blog post.
cryptocurrency
▌BlackRock CEO: Even if the U.S. SEC defines cryptocurrencies as securities, launching an Ethereum ETF is still possible
BlackRock CEO Larry Fink said launching an Ethereum ETF is still possible even if the U.S. Securities and Exchange Commission (SEC) designates the cryptocurrency as a security, which would increase regulatory scrutiny surrounding the second-largest digital asset.
▌BlackRock’s tokenized investment fund BUIDL’s capital inflow increased to US$245 million
Inflows to BlackRock’s tokenized investment fund BUIDL rose to $245 million, receiving strong demand within a week of its launch, with Ondo Finance’s $95 million inflow boosting BUIDL’s growth, according to rwa xyz. Its $245 million size is second only to Franklin Templeton’s Franklin On-Chain U.S. Government Currency Fund (FOBXX), which has $360 million in deposits. As cryptocurrency companies and global financial giants race to bring traditional instruments like bonds into the blockchain orbit, U.S. Treasuries are a gateway to the tokenization of real-world assets.
It was reported about an hour ago that BlackRock’s tokenized investment fund BUIDL had an inflow of US$160 million within a week of its launch.
▌ Ethena will airdrop ENA tokens to users on April 2
Ethena, a DeFi protocol that offers a $1.3 billion USDe stablecoin, announced plans to airdrop tokens to users on April 2. The protocol plans to airdrop 750 million ENA tokens, accounting for 5% of the total supply. The campaign to earn “points,” which makes users eligible for token airdrops, will end on April 1. Users who unstake, unlock, or sell all USDe before this date will not be eligible for the airdrop.
▌BlackRock’s tokenized investment fund BUIDL has inflows of US$160 million within one week of its launch
The U.S. Dollar Institutional Digital Liquidity Fund (BUIDL), BlackRock’s first tokenized investment fund, achieved nearly $160 million in inflows in its first week. Ondo Finance, a tokenized real-world asset (RWA) platform, issued a document stating that it will allocate a "significant portion" of the assets of its tokenized short-term U.S. Treasury bond ETF OUSG to BUIDL. Ondo said it will transfer $95 million to BUIDL, It's unclear whether the $95 million is included in the $160 million BlackRock has already accumulated.
It is reported that BUIDL is a tokenized money market fund that invests in U.S. Treasury bills, repurchase agreements and cash. With the help of Miami-based Securitize, it uses the Ethereum blockchain to issue BUIDL tokens, which are designed to provide a stable value of $1 per token, with tokens representing U.S. dollar gains to qualified investments. pay dividends.
▌Lawyers predict that former FTX CEO SBF will make a personal statement in court
Legal experts are predicting the upcoming hearing of former FTX CEO SBF in New York on Thursday. It is said that SBF will face 20 to 30 years in prison, the prosecution requested a sentence of 40 to 50 years, and the defense advocated 6.5 years. SBF was found guilty of seven counts in the FTX fraud case. SBF is expected to make a personal statement in court on Thursday, although it is still unlikely that he will fully accept responsibility. Victim impact statements can have a significant impact on sentencing. SBF still reserves the right to appeal.
Important economic developments
▌Fed Governor Waller: Data shows the need to reduce interest rates or start easing policy later
Fed Governor Waller said that it may be appropriate to cut interest rates this year, but it is not the time yet; data shows the need to reduce interest rates or start easing policy later; the risk of waiting is lower than the risk of cutting interest rates too early; the current economy is "still in no rush" to cut interest rates ;The Fed may need to maintain the current interest rate target for longer than expected; more progress on inflation is needed to support a rate cut; it will take at least several months of data to be sure that the inflation rate will reach 2%; the economic situation is strong, as the Fed assesses Data provides the space; the economy is growing healthily.
▌The three major U.S. stock indexes collectively closed higher, with the S&P 500 hitting a new closing high
The three major U.S. stock indexes collectively closed higher, with the Dow Jones Industrial Average rising 1.22%, the S&P 500 Index rising 0.86%, and the Nasdaq Composite Index rising 0.51%. Among them, the S&P 500 Index reached a new closing high, and the Nasdaq and the Dow Jones Industrial Average were both close to their historical closing highs.
Golden Encyclopedia
▌What is the Genesis Block?
The genesis block kicks off the blockchain by establishing the network, adhering to consensus rules, and linking all future blocks back to the starting point. In a Proof of Work (PoW) chain, the Genesis Block is the first block mined on the blockchain network and serves as the basis for all subsequent blocks. It is usually hardcoded into the protocol and created by the creator of the blockchain. Since there are no previous blocks to reference or mine, it does not involve the traditional mining process.
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