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Bitfarms: Hope Hong Kong can become a channel for mainland investors to obtain Bitcoin-related technologies
Golden Finance reported that Ben Gagnon, chief mining officer of Bitcoin mining company Bitfarms, expressed at the recent Bitcoin Asia conference that he hopes Hong Kong can become a channel for mainland investors to obtain Bitcoin-related technologies, which may alleviate the impact of the decline in real estate and stock markets. Ben Gagnon added: “Optimistically, with standards and regulations in place, Hong Kong may actually find a safer, more controllable, or more secure regulated pipeline to mainland China’s larger Bitcoin and A bridge to the crypto ecosystem.”
Golden Finance reported that Ben Gagnon, chief mining officer of Bitcoin mining company Bitfarms, expressed at the recent Bitcoin Asia conference that he hopes Hong Kong can become a channel for mainland investors to obtain Bitcoin-related technologies, which may alleviate the impact of the decline in real estate and stock markets. Ben Gagnon added: “Optimistically, with standards and regulations in place, Hong Kong may actually find a safer, more controllable, or more secure regulated pipeline to mainland China’s larger Bitcoin and A bridge to the crypto ecosystem.”
Trending Coin: APU
UniCredit predicts first rate cut by Bank of England in August
UniCredit Bank noted that the Bank of England's MPC decision on June 20 will be a delicate balance, depending on the data released between now and then, including two inflation reports. However, UniCredit still expects the Bank of England to cut interest rates for the first time in August, as it doesn't take much to err on the side of caution. Given that headline inflation fell below 2% this spring, further deterioration in the labor market, and slowing GDP growth, this may lead to the MPC continuing to cut interest rates at a fairly rapid pace after starting to cut rates.
UniCredit Bank noted that the Bank of England's MPC decision on June 20 will be a delicate balance, depending on the data released between now and then, including two inflation reports. However, UniCredit still expects the Bank of England to cut interest rates for the first time in August, as it doesn't take much to err on the side of caution. Given that headline inflation fell below 2% this spring, further deterioration in the labor market, and slowing GDP growth, this may lead to the MPC continuing to cut interest rates at a fairly rapid pace after starting to cut rates.
A certain whale deposited 614 ETH into Kraken 3 hours ago, which is approximately US$1.79 million
Golden Finance reported that according to monitoring by The Data Nerd, whale 0x06E deposited 614 ETH (approximately US$1.79 million) into Kraken 3 hours ago. These ETH were purchased 5 years ago at an average price of $195. Currently, he still has 1,329 ETH (approximately $3.9 million) in his wallet.
Golden Finance reported that according to monitoring by The Data Nerd, whale 0x06E deposited 614 ETH (approximately US$1.79 million) into Kraken 3 hours ago. These ETH were purchased 5 years ago at an average price of $195. Currently, he still has 1,329 ETH (approximately $3.9 million) in his wallet.
Data: About $1.4 billion worth of tokens to be unlocked next week, including $1 billion in AEVO
PANews reported on May 12 that Token Unlocks data shows that tokens such as AEVO will be unlocked in a one-time amount next week, with a total release value of approximately US$1.4 billion. in:
Aptos (APT) will unlock approximately 11.31 million tokens on May 13, Beijing time, accounting for 2.64% of the circulating supply and worth approximately US$96 million;
dydx (DYDX) will unlock approximately 2.12 million tokens on May 15th, Beijing time, accounting for 0.79% of the circulating supply and worth approximately US$4.3 million;
Starknet (STRK) will unlock approximately 64 million tokens on May 15th, Beijing time, accounting for 8.79% of the circulating supply and worth approximately US$77 million;
Aevo (AEVO) will unlock approximately 827 million tokens on May 15, Beijing time, accounting for 752.36% of the circulating supply and worth approximately US$1 billion;
Arbitrum (ARB) will unlock approximately 92.65 million tokens on May 16, Beijing time, accounting for 3.49% of the circulating supply and worth approximately US$9,200;
Render (RNDR) will unlock approximately 760,000 tokens on May 17, Beijing time, accounting for 0.2% of the circulating supply and worth approximately US$8.3 million;
ApeCoin (APE) will unlock approximately 15.6 million tokens on May 17, Beijing time, accounting for 2.48% of the circulating supply and worth approximately US$19 million;
Immutable (IMX) will unlock approximately 25.53 million tokens on May 17, Beijing time, accounting for 1.75% of the circulating supply and worth approximately US$5,500;
Nym (NYM) will unlock approximately 3.02 million tokens on May 18, Beijing time, accounting for 0.39% of the circulating supply and worth approximately US$470,000;
Manta Network (MANTA) will unlock approximately 6.67 million tokens on May 18, Beijing time, accounting for 2.66% of the circulating supply and worth approximately US$11 million;
Oasis Network (ROSE) will unlock approximately 171 million tokens on May 19, Beijing time, accounting for 2.54% of the circulating supply and worth approximately US$14.8 million;
Pixels (PIXEL) will unlock approximately 54.37 million tokens on May 19, Beijing time, accounting for 7.05% of the circulating supply and worth approximately US$20 million.
PANews reported on May 12 that Token Unlocks data shows that tokens such as AEVO will be unlocked in a one-time amount next week, with a total release value of approximately US$1.4 billion. in:
Aptos (APT) will unlock approximately 11.31 million tokens on May 13, Beijing time, accounting for 2.64% of the circulating supply and worth approximately US$96 million;
dydx (DYDX) will unlock approximately 2.12 million tokens on May 15th, Beijing time, accounting for 0.79% of the circulating supply and worth approximately US$4.3 million;
Starknet (STRK) will unlock approximately 64 million tokens on May 15th, Beijing time, accounting for 8.79% of the circulating supply and worth approximately US$77 million;
Aevo (AEVO) will unlock approximately 827 million tokens on May 15, Beijing time, accounting for 752.36% of the circulating supply and worth approximately US$1 billion;
Arbitrum (ARB) will unlock approximately 92.65 million tokens on May 16, Beijing time, accounting for 3.49% of the circulating supply and worth approximately US$9,200;
Render (RNDR) will unlock approximately 760,000 tokens on May 17, Beijing time, accounting for 0.2% of the circulating supply and worth approximately US$8.3 million;
ApeCoin (APE) will unlock approximately 15.6 million tokens on May 17, Beijing time, accounting for 2.48% of the circulating supply and worth approximately US$19 million;
Immutable (IMX) will unlock approximately 25.53 million tokens on May 17, Beijing time, accounting for 1.75% of the circulating supply and worth approximately US$5,500;
Nym (NYM) will unlock approximately 3.02 million tokens on May 18, Beijing time, accounting for 0.39% of the circulating supply and worth approximately US$470,000;
Manta Network (MANTA) will unlock approximately 6.67 million tokens on May 18, Beijing time, accounting for 2.66% of the circulating supply and worth approximately US$11 million;
Oasis Network (ROSE) will unlock approximately 171 million tokens on May 19, Beijing time, accounting for 2.54% of the circulating supply and worth approximately US$14.8 million;
Pixels (PIXEL) will unlock approximately 54.37 million tokens on May 19, Beijing time, accounting for 7.05% of the circulating supply and worth approximately US$20 million.
zkSync: Mainnet v24 upgrade postponed, zkSync Sepolia testnet is expected to be fully restored within a few hours
PANews reported on May 12 that zkSync Developers issued a document on the X platform that the zkSync Era Sepolia test network is expected to be fully restored in the next few hours. The v24 mainnet upgrade will be postponed until late next week to provide the team with more time to evaluate the stability of the testnet. An exact release date will be provided when the team is confident it's stable.
zkSync Developers stated that there were two issues affecting the testnet (these issues have now been resolved): First, due to instability issues with the eth_sender service (responsible for submitting transactions to the L1 zkSync smart contract), no L1 commit blocks were submitted for approximately 1 day. This is caused by the very different gas market for blob pricing on Sepolia. Secondly, the proof was not submitted for more than two days, resulting in a delay in withdrawals. This is due to the logic difference between the in-circuit VM (the ZK circuit used to generate the proof) and the out-of-circuit VM (the server-side VM that executes immediately when a transaction is submitted).
Yesterday's news, zkSync Developers issued a document on the X platform, and the team is investigating an ongoing issue with the zkSync Sepolia test network. Withdrawals of Sepolia funds from the zkSync Era Sepolia testnet are unavailable while the investigation continues. This investigation (and its results) may impact the mainnet v24 release planned for next Monday. At around 3 a.m. yesterday, zkSync Developers announced relevant progress, saying that the investigation is still ongoing and will continue until the next day, when more updates will be released.
PANews reported on May 12 that zkSync Developers issued a document on the X platform that the zkSync Era Sepolia test network is expected to be fully restored in the next few hours. The v24 mainnet upgrade will be postponed until late next week to provide the team with more time to evaluate the stability of the testnet. An exact release date will be provided when the team is confident it's stable.
zkSync Developers stated that there were two issues affecting the testnet (these issues have now been resolved): First, due to instability issues with the eth_sender service (responsible for submitting transactions to the L1 zkSync smart contract), no L1 commit blocks were submitted for approximately 1 day. This is caused by the very different gas market for blob pricing on Sepolia. Secondly, the proof was not submitted for more than two days, resulting in a delay in withdrawals. This is due to the logic difference between the in-circuit VM (the ZK circuit used to generate the proof) and the out-of-circuit VM (the server-side VM that executes immediately when a transaction is submitted).
Yesterday's news, zkSync Developers issued a document on the X platform, and the team is investigating an ongoing issue with the zkSync Sepolia test network. Withdrawals of Sepolia funds from the zkSync Era Sepolia testnet are unavailable while the investigation continues. This investigation (and its results) may impact the mainnet v24 release planned for next Monday. At around 3 a.m. yesterday, zkSync Developers announced relevant progress, saying that the investigation is still ongoing and will continue until the next day, when more updates will be released.
BB Price Prediction
Let’s talk briefly about the project first. BounceBit aims to combine the advantages of CeFi and DeFi to provide higher income opportunities and wider applications for BTC. In short, this is an interest-earning product for BTC. The question that users are most concerned about is: How to generate revenue? How to ensure the safety of BTC assets?
The source of income is clear: BTC is hosted to CeFi (Ceffu, Mainnet Digital and Fireblocks, etc.), and they perform arbitrage to earn basic income. The managed BTC unlocks liquidity through the liquidity token $BBTC and is issued on the Bouncebit chain.
$BBTC is equivalent to the underlying BTC asset on Bouncebit, and can then participate in operations such as LSD and LRD: pledge $BBTC to node operators to obtain POS staking income, and unlock liquidity through the LST token $stBTC. $stBTC can be staked again to obtain additional POS staking income or enter DeFi applications.
In addition, the POS node supports dual token $BB and $BBTC staking. In terms of security, Ceffu, Mainnet Digital, Fireblocks, Antalpha, etc. are all compliant and technically strong institutions. BounceBit brings various revenue models common on ETH to BTC: including CeFi, POS staking, re-staking and Defi.
Valuation and income calculation: The total amount of $BB is 210 million pieces, with an initial circulation of 4.095 million pieces (accounting for 19.50%).
It has currently raised RMB 7.98 million, with a valuation of approximately RMB 38 million at a 21% investor ratio.
Taking into account information such as over-the-counter points prices, valuations in related fields, financing status, and chip distribution, the opening price is expected to be around US$0.57, with a reasonable price range between US$0.4 and US$1. The project has good fundamentals and potential, but there is a lot of initial circulation and a high proportion of airdrops, so there is a certain selling pressure; if it can drop below 0.4 or even optimally below 0.36, it will be a good entry price.
The above are KOL’s personal opinions and do not constitute investment advice. Please do your own research and research.
Let’s talk briefly about the project first. BounceBit aims to combine the advantages of CeFi and DeFi to provide higher income opportunities and wider applications for BTC. In short, this is an interest-earning product for BTC. The question that users are most concerned about is: How to generate revenue? How to ensure the safety of BTC assets?
The source of income is clear: BTC is hosted to CeFi (Ceffu, Mainnet Digital and Fireblocks, etc.), and they perform arbitrage to earn basic income. The managed BTC unlocks liquidity through the liquidity token $BBTC and is issued on the Bouncebit chain.
$BBTC is equivalent to the underlying BTC asset on Bouncebit, and can then participate in operations such as LSD and LRD: pledge $BBTC to node operators to obtain POS staking income, and unlock liquidity through the LST token $stBTC. $stBTC can be staked again to obtain additional POS staking income or enter DeFi applications.
In addition, the POS node supports dual token $BB and $BBTC staking. In terms of security, Ceffu, Mainnet Digital, Fireblocks, Antalpha, etc. are all compliant and technically strong institutions. BounceBit brings various revenue models common on ETH to BTC: including CeFi, POS staking, re-staking and Defi.
Valuation and income calculation: The total amount of $BB is 210 million pieces, with an initial circulation of 4.095 million pieces (accounting for 19.50%).
It has currently raised RMB 7.98 million, with a valuation of approximately RMB 38 million at a 21% investor ratio.
Taking into account information such as over-the-counter points prices, valuations in related fields, financing status, and chip distribution, the opening price is expected to be around US$0.57, with a reasonable price range between US$0.4 and US$1. The project has good fundamentals and potential, but there is a lot of initial circulation and a high proportion of airdrops, so there is a certain selling pressure; if it can drop below 0.4 or even optimally below 0.36, it will be a good entry price.
The above are KOL’s personal opinions and do not constitute investment advice. Please do your own research and research.
BounceBit mainnet will launch tomorrow
Golden Finance reported that BounceBit posted on social media that the mainnet will be launched tomorrow. Previously, the BounceBit points snapshot has been completed, and the settlement phase will be carried out on the BounceBit mainnet.
Golden Finance reported that BounceBit posted on social media that the mainnet will be launched tomorrow. Previously, the BounceBit points snapshot has been completed, and the settlement phase will be carried out on the BounceBit mainnet.
10 high-profile projects in the Eigenlayer AVS ecosystem
According to Wu Shuo, Eigenlayer’s official Active Verification Service (AVS) brings new possibilities to the re-staking field. The 10 projects that have attracted much attention in its AVS ecosystem include data availability solution EigenDA, re-staking rollups AltLayer, cross-chain interoperability Omni, off-chain computing Lagrange, universal verification layer Aligned Layer, interoperability layer Hyperlane, and DePIN coordination layer Witness. Chain, the oracle machine Eoracle, the event response protocol Drosera, and the Cosmos chain solution Ethos.
According to Wu Shuo, Eigenlayer’s official Active Verification Service (AVS) brings new possibilities to the re-staking field. The 10 projects that have attracted much attention in its AVS ecosystem include data availability solution EigenDA, re-staking rollups AltLayer, cross-chain interoperability Omni, off-chain computing Lagrange, universal verification layer Aligned Layer, interoperability layer Hyperlane, and DePIN coordination layer Witness. Chain, the oracle machine Eoracle, the event response protocol Drosera, and the Cosmos chain solution Ethos.
Bloomberg: Crypto venture capital is turning to invest in “Professor Coin” project
Golden Finance reported that according to an article published by Bloomberg, as the scale of financing in the digital asset industry rises again, venture capital institutions are turning to crypto startups and projects founded by professors and scholars. The analysis found that Shara, CheckSig and NEBRA light encryption projects were all founded by academics, and these projects have all successfully raised financial support in the past two months. It is worth noting that EigenLayer, founded by Sreeram Kannan, associate professor at the University of Washington, received $100 million in investment from Andreessen Horowitz (a16z) in February this year, while Babylon, an encryption project founded by Stanford University professor David Tse, successfully raised $18 million. USD, both projects are focused on re-hypothecating the crypto vertical.
Golden Finance reported that according to an article published by Bloomberg, as the scale of financing in the digital asset industry rises again, venture capital institutions are turning to crypto startups and projects founded by professors and scholars. The analysis found that Shara, CheckSig and NEBRA light encryption projects were all founded by academics, and these projects have all successfully raised financial support in the past two months. It is worth noting that EigenLayer, founded by Sreeram Kannan, associate professor at the University of Washington, received $100 million in investment from Andreessen Horowitz (a16z) in February this year, while Babylon, an encryption project founded by Stanford University professor David Tse, successfully raised $18 million. USD, both projects are focused on re-hypothecating the crypto vertical.
