According to Foresight News, Extra Finance, a leveraged yield protocol, has announced the creation of bad debt totaling 164 ETH due to the liquidation of GB-WETH. The team will bear all the losses, with no burden falling on the lenders. In a bid to strengthen its security measures, Extra Finance will establish a 'Rainy Day Fund' this month. The initial amount for this fund will be 500,000 USDC, designed to deal with unforeseen protocol risks.

On Apr 16, 2024, 04:14 AM(UTC). According to Binance Market Data, BNB has dropped below 540 USDT and is now trading at 539.5 USDT, with a 4.16% decrease in 24 hours.

CZ (former CEO of Binance) faced punishment on April 30. The difference between the case and SBF’s case is that CZ actively cooperated with the US authorities.

Arkham posted on the X platform that the team has created a data dashboard that lists the 10 richest people holding cryptocurrencies (only the data of relevant addresses marked by Arkham are counted). The top five are as follows: Justin Sun (about $1.1 billion); Rain Lohmus ($793 million); Vitalik Buterin ($782 million); Stefan Thomas ($452 million); James Fickel ($446 million).

At present, some fund companies have stated that they have obtained conditional and in-principle approval for virtual asset spot ETFs from the Hong Kong Securities and Futures Commission. In response to inquiries from Hong Kong media, the Hong Kong Securities and Futures Commission stated that investment products approved by the Securities and Futures Commission will be listed on the list of investment products for public sale on the Securities and Futures Commission's website. The Hong Kong Securities and Futures Commission pointed out that if the ETF product applied for generally meets the requirements of the Commission, a conditional authorization letter will be issued, but various conditions must still be complied with, including payment of relevant fees, submission of documents, and obtaining listing approval from the Hong Kong Stock Exchange. It is believed that the relevant fund companies will submit applications to the Hong Kong Stock Exchange in the next step. (Ming Pao)

The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a specific price mark. Related source: https://www.newsbtc.com/bitcoin-news/bitcoin-bears-beware-3-billion-short-liquidation-looms-at-this-price-mark-warns-analyst/

According to Foresight News, Ether.fi, a non-custodial liquidity staking protocol, is leveraging the native token transfer (NTT) framework of the cross-chain interoperability platform, Wormhole. This move is aimed at enabling Ether.fi to achieve native multi-chain deployment. Wormhole's official announcement indicates that their NTT framework is being utilized by Ether.fi to facilitate the deployment across multiple chains. This development underscores the growing trend of protocols leveraging cross-chain interoperability platforms to enhance their functionality and reach. The use of Wormhole's NTT framework by Ether.fi is a significant step in the evolution of the protocol. It not only expands its reach across multiple chains but also enhances its functionality, providing users with more flexibility and options. This development is a clear indication of the growing trend of protocols leveraging cross-chain interoperability platforms to enhance their functionality and reach.

According to Scopescan, 3 hours ago, a newly created wallet address received 7.9 million STRK (about $10.5 million) from Coinbase Prime. The price of STRK has fallen by 50% since its launch, and 64 million tokens were unlocked just yesterday.

According to Foresight News, OKB, a digital asset, has experienced a short-term breakthrough, surpassing 62 USDT. The current price stands at 61.66 USDT, marking a significant increase of over 15% in the past 24 hours. This surge represents a notable shift in the digital asset's performance.

OKX market data shows that OKB has broken through 62 USDT in the short term and is currently trading at 61.55 USDT, with a 24-hour increase of 15.83%.

According to Farside Investors, Bitcoin spot ETFs had a net outflow of US$36.7 million yesterday, of which BlackRock IBIT had a net inflow of US$73.4 million.

On April 15, China Asset Management (Hong Kong) Co., Ltd., Harvest Global Asset Management Co., Ltd., and Bosera Asset Management (International) Co., Ltd. announced that they had obtained approval from the Hong Kong Securities and Futures Commission to issue ETF products that invest in Bitcoin and Ethereum spot.

Looking far ahead, there is only one winding and rugged road ahead for BTC (Bitcoin), and that is upward.

Following weeks of transaction failures, Solana appears to be on the cusp of a breakthrough with the rollout of its inaugural update for mainnet validators.

X Layer is an Ethereum Layer2 network based on ZK technology. It is built through Polygon CDK and uses AggLayer to achieve shared status and liquidity among multiple chains, combining innovation and security.

OKX's new layer-2 network, X Layer, offers lower fees and enhanced interoperability for Ethereum-based DApps, advancing the Web3 ecosystem.

Binance Launchpool initially showed 6 billion FDUSD deposited, exceeding total supply. Corrected to 3.19 billion FDUSD after considering Ethereum and BNB Chain supplies.

Illvium is launching one of GameFi’s largest airdrops ever, distributing 250,000 ILV tokens.

X introduced a revised policy aimed at curbing spam whereby new users are now required to pay a small annual fee before gaining access to posting, liking, bookmarking, and replying features.

Adams remains resolute, viewing the lawsuit as both a challenge and an opportunity to cement DeFi’s recognized place in financial history.