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Whales have been continuously accumulating HYPE over the past two months, buying a total of 472,700 tokens.
according to Lookonchain monitoring, a whale has been consistently buying HYPE over the past two months. Since March 1st, this address has withdrawn 472,700 HYPE from Bybit and Kraken, with a cumulative value of approximately $18.96 million and an average purchase price of around $38.The address is currently sitting on unrealized profits exceeding $1 million.
Coinbase to List WRON and MEGA Tokens, Now Supports AI and VIRTUAL Trading
Coinbase has announced it will list Wrapped Ronin (WRON) for spot trading. If liquidity conditions are met, the WRON-USD trading pair is expected to open after 00:00 Beijing time on May 1st. Simultaneously, Coinbase will support MegaETH (MEGA). Users can now generate deposit addresses, but deposits can only be made after the project team enables transfers. The specific listing time for trading will be announced separately.Additionally, Coinbase has listed Gensyn (AI) and Virtuals Protocol (VIRTUAL), allowing users to buy, sell, swap, and transfer these tokens on the platform.
CoinShares: Digital asset investment products saw $1.2 billion in inflows last week, marking four consecutive weeks of net inflows
According to a report from CoinShares' research department, digital asset investment products recorded net inflows of $1.2 billion this week, marking the fourth consecutive week of positive inflows. Total assets under management (AuM) rose to $155 billion, the highest level since February 1st. Bitcoin led the way, recording $933 million in inflows, bringing its year-to-date total to $4 billion. Ethereum saw inflows exceeding $190 million for the third consecutive week. XRP returned to net inflows after a week of outflows. On a regional basis, the United States dominated this week's inflows ($1.1 billion), while Germany, Switzerland, and Canada also recorded positive inflows, indicating broadening demand. Additionally, blockchain equity ETFs attracted a total of $617 million over the past three weeks, setting a new weekly inflow record, reflecting growing institutional investor interest in the sector. The market is currently focused on the FOMC meeting on April 28-29, which could create some short-term volatility in sentiment.
Coinbase to List WRON and MEGA Tokens, Now Supports AI and VIRTUAL Trading
Coinbase has announced it will list Wrapped Ronin (WRON) for spot trading. If liquidity conditions are met, the WRON-USD trading pair is expected to open after 00:00 Beijing time on May 1st. Simultaneously, Coinbase will support MegaETH (MEGA). Users can now generate deposit addresses, but deposits can only be made after the project team enables transfers. The specific listing time for trading will be announced separately.Additionally, Coinbase has listed Gensyn (AI) and Virtuals Protocol (VIRTUAL), allowing users to buy, sell, swap, and transfer these tokens on the platform.
Drift: Receives Support from Tether and Others to Establish a $147.5 Million Recovery Pool for User Compensation
Odaily News Drift announced on its official website that Drift Protocol has received support from Tether and other partners. Tether intends to contribute $127.5 million, while other partners plan to contribute $20 million, collectively supporting user recovery efforts following the April 1st attack. This support package includes a $100 million revenue-linked credit line, ecosystem grants, and loans provided to market makers. Drift will establish a dedicated user recovery pool, aiming to gradually address the $295 million in outstanding user losses as trading revenue grows. Additionally, Drift will issue independent recovery tokens to affected users, which represent a claim on the recovery pool and are transferable. Drift is currently in the process of restarting the protocol, having engaged Ottersec and Asymmetric for audits, and is migrating its settlement layer from USDC to USDT. The previous attack resulted in the theft of assets worth approximately $295 million, while the insurance fund assets remained unaffected.
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Greeks.live: Altcoin Market Sees Limited Recovery; Altcoin Trading Still Requires Patience
Adam, a macro researcher at Greeks.live, posted on platform X that on May 1st, a total of 23,000 BTC options expired, with a Put Call Ratio of 1.13, a max pain point of $76,000, and a notional value of $1.74 billion. Additionally, 175,000 ETH options expired, with a Put Call Ratio of 0.94, a max pain point of $2,325, and a notional value of $400 million.He pointed out that market volatility was relatively low this week, with Bitcoin fluctuating around the $78,000 level. Market sentiment has gradually calmed, short-term RV has dropped significantly, and combined with the monthly expiry releasing nearly a quarter of position margins, the implied volatility (IV) for major-term options has decreased notably this week. The IV for Bitcoin's main tenors has all fallen below 40%, while the decline in ETH's main tenors was even larger, with short-term IV dropping below 50% and medium-to-long-term IV falling below 60%.Looking at the key options data, Skew remains relatively stable, maintaining a mildly bearish directional sentiment in the market. Only 6% of options expired this week, with approximately 25% of open interest expiring at the end of May and about 30% at the end of June. Block trades are relatively inactive, all signaling a period of consolidation.He further stated that in April of this year, Bitcoin significantly outperformed the first three months in terms of both price and market attention. However, altcoins have shown only limited recovery. The current strategy is primarily centered on Bitcoin, and one should wait before engaging in altcoin trading.
Whales have been continuously accumulating HYPE over the past two months, buying a total of 472,700 tokens.
according to Lookonchain monitoring, a whale has been consistently buying HYPE over the past two months. Since March 1st, this address has withdrawn 472,700 HYPE from Bybit and Kraken, with a cumulative value of approximately $18.96 million and an average purchase price of around $38.The address is currently sitting on unrealized profits exceeding $1 million.
Coinbase to List WRON and MEGA Tokens, Now Supports AI and VIRTUAL Trading
Coinbase has announced it will list Wrapped Ronin (WRON) for spot trading. If liquidity conditions are met, the WRON-USD trading pair is expected to open after 00:00 Beijing time on May 1st. Simultaneously, Coinbase will support MegaETH (MEGA). Users can now generate deposit addresses, but deposits can only be made after the project team enables transfers. The specific listing time for trading will be announced separately.Additionally, Coinbase has listed Gensyn (AI) and Virtuals Protocol (VIRTUAL), allowing users to buy, sell, swap, and transfer these tokens on the platform.
Bitwise CIO: Bitcoin's Recent Rally Primarily Driven by Strategy's Accumulation
Bitwise Chief Investment Officer Matt Hougan stated that the core driver behind Bitcoin's recent 20% rally is Michael Saylor's company, Strategy. According to monitoring, Strategy has added $7.2 billion worth of Bitcoin over the past eight weeks. Although Bitcoin ETFs have purchased $380 million since March 1st and long-term holders have resumed buying, Strategy remains the most significant influencing factor. To date, Strategy holds a total of 818,334 Bitcoins, surpassing BlackRock's holdings. Hougan pointed out that Strategy raises funds by issuing perpetual preferred stock STRC to purchase Bitcoin. If Bitcoin continues to grow, its holdings could exceed those of Satoshi Nakamoto within two years. The current price of Bitcoin is approximately $76,486.
Account with over $3M in losses purchases $270K on Pistons -3.5 to beat Magic in NBA East 1st Round Game 4
Odaily Seer Prophecy Channel monitoring reports that in the Polymarket "NBA East 1st Round G4 Pistons vs. Magic" prediction event, an account with over $3M in losses (0x492442eab586f242b53bda933fd5de859c8a3782) purchased approximately $270K on the Pistons -3.5 to beat the Magic, with an average opening price of 49.5¢. The current price is 50.5¢, resulting in an unrealized profit of about $3,800.In the NBA East 1st Round series, the Pistons and Magic are currently tied 2-1, with the Magic leading. Game 4 will tip off today at 8:00 AM Beijing time. The Pistons' starting lineup is Ausar, Harris, Duren, Robinson, and Cunningham; the Magic's starting lineup is Wagner Jr., Banchero, Carter, Bane, and Suggs.Odaily Seer Prophecy Channel continues to monitor prediction markets, spotting changes before prices are set.
CoinShares: Digital asset investment products saw $1.2 billion in inflows last week, marking four consecutive weeks of net inflows
According to a report from CoinShares' research department, digital asset investment products recorded net inflows of $1.2 billion this week, marking the fourth consecutive week of positive inflows. Total assets under management (AuM) rose to $155 billion, the highest level since February 1st. Bitcoin led the way, recording $933 million in inflows, bringing its year-to-date total to $4 billion. Ethereum saw inflows exceeding $190 million for the third consecutive week. XRP returned to net inflows after a week of outflows. On a regional basis, the United States dominated this week's inflows ($1.1 billion), while Germany, Switzerland, and Canada also recorded positive inflows, indicating broadening demand. Additionally, blockchain equity ETFs attracted a total of $617 million over the past three weeks, setting a new weekly inflow record, reflecting growing institutional investor interest in the sector. The market is currently focused on the FOMC meeting on April 28-29, which could create some short-term volatility in sentiment.