According to Bloomberg, 12 federal jurors in New York will make a ruling on whether Mango Markets attacker Avi Eisenberg manipulated the market. On Wednesday, the jury heard closing arguments in the U.S. government's case against Eisenberg, who was arrested in Puerto Rico in December 2022 and charged with commodity fraud, commodity manipulation, and wire fraud in connection with Mango Markets. If all three charges are convicted, he faces up to 20 years in prison. Prosecutors ended Eisenberg's trial on Wednesday, saying that he manipulated futures contracts through false transactions in MNGO tokens on October 11, 2022, and traditional criminal laws apply to Eisenberg. But Eisenberg's defense attorney said he "adopted a successful and legal trading strategy in which he put his own funds at risk. He fully complied with Mango Markets' smart contracts." The jury did not make a final decision on Wednesday. They will reconsider the three charges against Eisenberg on Thursday.
Market News: Binance is ready to pay a fine of about $2 million and plans to return to India
According to Jinshi.com, market news: Binance is ready to pay a fine of approximately US$2 million and plans to return to India.
Kraken Announces Launch of Self-custodial Crypto Wallet
According to CoinDesk, the crypto exchage Kraken announced that it will release its self-hosted crypto wallet, which can be used by Kraken users and non-users. The wallet will initially support eight blockchains, including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon and Dogecoin. The Kraken wallet is open source and developers can access and contribute to the code. Kraken will also pay developers who discover vulnerabilities through the open source funding program so that they can improve the wallet when errors occur. Kraken said that the wallet will collect "the absolute minimum amount of data as a wallet function", which is in line with the privacy principles valued by many cryptocurrency users.
Zignaly launches Cosmos-based ZIGChain and sets up $100 million ecosystem fund
According to CoinDesk, the decentralized social investment market Zignaly announced the launch of the Layer1 blockchain ZIGChain on Cosmos and the establishment of a $100 million ecosystem development fund. The team said at Token2049 in Dubai that the fund will focus on developing wealth generation infrastructure that is effortless from a user's perspective.
Zignaly is a bit like a cryptocurrency fund manager, allowing users to copy the trades of professionals. It recently obtained a cryptocurrency license in South Africa to provide discretionary financial services, which is equivalent to the license issued to fund managers in the traditional financial field.
Worldcoin launches its “human-centric” blockchain network World Chain
According to Cointelegraph, Sam Altman's crypto project Worldcoin announced the launch of World Chain, a new blockchain initiative that aims to prioritize human users, improve efficiency and promote practical utility in Web3 applications. Tiago Sada, Worldcoin's head of operations, said that although technically, World Chain behaves like any other L2 and Ethereum, the nuance is that it prioritizes humans over robots, and blockchains often face congestion due to robot activities. World Chain's solution attempts to solve this problem by supporting transactions completed by verified World ID holders.
Additionally, Sada explained how verified users will receive a free gas allowance, minimizing friction for new users. The protocol aims to achieve a balance where bots and advanced users end up paying gas fees for casual users. The network is aligned with Ethereum and is partnering with projects such as Optimism and Base. World Chain is expected to be fully launched in the summer, with a developer preview soon.
At the same time, World Chain will join Optimism's superchain Superchain, and World Chain plans to actively participate in Optimism's governance.
Coinbase Now Listing Omni Network (OMNI)
Coinbase Assets X said that Omni Network (OMNI) is now live on coinbase.com and the Coinbase iOS and Android apps with an experimental label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.
According to the official announcement, Binance Finance, One-Click Coin Buying and Flash Exchange trading platforms have launched the new asset Omni Network (OMNI). In addition, Binance will launch OMNI on the leverage, contract and fixed investment platforms at 22:00 (Eastern Time Zone 8) on April 17, 2024, 22:00 (Eastern Time Zone 8) on April 17, 2024, and 18:00 (Eastern Time Zone 8) on April 19, 2024.
Among them, Binance will launch OMNI 1-50x U-based perpetual contracts at 22:00 on April 17, 2024 (Eastern Time 8).
Scroll launches loyalty points program and will issue retroactive points to users
Ethereum Layer2 network Scroll announced the launch of the loyalty program "Session Zero" on the X platform, which aims to reward the community for participating in the Scroll ecosystem through Scroll Marks. Users can earn Scroll points by bridging assets to Scroll. To qualify for "Session Zero", users need to use LayerZero to cross-chain ETH and wstETH to Scroll through the native cross-chain bridge and STONE.
Additionally, Scroll will distribute retroactive credits to members who have deployed assets on Scroll since October 10, 2023, the date of the Scroll mainnet Genesis Block.
ByteDance subsidiary BytePlus reaches cooperation with Sui developer Mysten Labs
According to the Sui Foundation official blog, ByteDance subsidiary BytePlus will work with Mysten Labs to apply its services such as recommendation solutions and augmented reality products to Sui. The company chose Sui as the blockchain network to provide game and social application support services.
According to The Block, in an interview aired on Tuesday night, Telegram co-founder and CEO Pavel Durov said that he has held hundreds of millions of dollars in fiat currency or Bitcoin over the past 10 years. In response to questions about Telegram's refusal to accept venture capital funding, Durov said that the company wants to remain independent and that funding has never been a problem. "I have had hundreds of millions of dollars in my bank account or Bitcoin since 10 years ago, and I haven't done anything with it. I don't own any real estate, private jets or yachts. I don't think this lifestyle is suitable for me. I prefer to focus on what we are doing for Telegram."
Durov did not specify how much of his Bitcoin holdings and bank account balances are. Durov's cryptocurrency holdings are reportedly worth up to $17.5 billion as of July 2023. However, Durov clarified that Telegram did accept some external funding after issuing bonds three years ago, and before that, they also had a cryptocurrency project to raise funds. But when it comes to the company's equity, Durov's co-founder and brother Nikolai is not giving up ownership, which they believe allows them to move faster and be more efficient.
According to Bloomberg, anonymous sources revealed that Hidden Road Partners, a major cryptocurrency and foreign exchange broker, is raising a Series B equity financing, which will bring its valuation to around $1 billion. This round of financing is currently expected to raise about $120 million.
The prime brokerage firm was founded in 2018 by Marc Asch, who previously worked at hedge fund billionaire Steven Cohen’s firm SAC Capital and Point72 Asset Management. Hidden Road completed a $50 million funding round in 2022. Hidden Road provides prime brokerage services for a variety of markets, including foreign exchange, precious metals, and digital assets.
Stablecoin developer Usual Labs completes $7 million financing, led by IOSG and Kraken Ventures
According to The Block, stablecoin developer Usual Labs has completed a $7 million financing, led by IOSG and Kraken Ventures, with participation from GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works and X Ventures. $7 million is the total amount raised by Usual Labs so far. A company spokesperson said that the company's board of directors will not change after this round of financing because Usual Labs is completely independent and hopes to achieve decentralization.
USD0 is a stablecoin backed by real-world assets. Usual Labs intends to use the funds to support the launch of USD0 on the Ethereum mainnet in the second quarter of this year, which requires funding for the testnet phase and smart contract audits. Usual Labs also announced on Wednesday that the total value locked in USD0 is $75 million.
According to HODL15Capital monitoring, the trading volume data of Bitcoin spot ETFs on April 17 are as follows: BlackRock IBIT US$1.82 billion, Grayscale GBTC US$763 million, Fidelity FBTC US$524 million, ProShares BITO US$376 million, ARKB US$172 million, and BITB US$88.08 million.
Data: Yesterday, Grayscale GBTC had a net outflow of US$133 million, and BlackRock ETF IBIT had a net inflow of US$18.2 million
Data shows that on April 17, Grayscale GBTC had a net outflow of $133 million, ARKB had a net outflow of $42.7 million, and Bitwise BITB had a net outflow of $7.3 million. This was also the first time that BITB had a net outflow of funds. BlackRock's Bitcoin spot ETF IBIT had a net inflow of $18.2 million yesterday.
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