Daily Notes 11-03-2024
Developments
MicroStrategy's Major Bitcoin Acquisition MicroStrategy acquired an additional 12,000 BTC at an average price of $68,477 ($820 million total). Currently, MicroStrategy holds 205,000 BTC with a $7.9 billion floating profit.
Ethereum's Dencun Upgrade Imminent Ethereum’s Dencun upgrade will occur on March 13th at ~13:55 UTC (Beacon epoch 269568 [Beacon slot 862617]).
Eclipse Labs' Significant Funding Milestone Eclipse Labs raised $50 million in a funding round led by Placeholder and Hack VC. Eclipse is an Ethereum Layer 2 powered by the Solana Virtual Machine (SVM). Its mainnet is expected in Q2 2024.
VanEck Eliminates Fees on BTC ETF VanEck removed fees for their spot BTC ETF (HODL) until March 31st, 2025. Or until $1.5 billion in assets is achieved.
Blast Aligns with MakerDAO's DAI Yield Increase Following MakerDAO’s decision to raise Dai Savings rate (yield on DAI) to 15%, Blast has also raised their native yield for stablecoins to 15%. Blast’s yield for ETH remains at 4%.
Maplestory Universe Chooses Avalanche Maplestory Universe, will be launched on Avalanche instead of the previously announced Polygon.
USDT Now Live on Celo Tether’s USDT has gone live on Celo.
Mudrex Brings US BTC ETFs to Indian Investors Mudrex, an Indian cryptocurrency platform, is now offering US spot BTC ETFs to Indian investors with a $5000 minimum.
Unibot's Core Team Parts Ways with Solana Team The Unibot core team has parted ways with the Unibot on Solana team. The Unibot token is currently down 50% in the last 24 hours. The reasons for the separation cited are failures to collect on fees, failures to KYC as well as a breach of trust when the Solana team launched the Blast Bot “without obtaining prior permission and authorization from us”. The Unibot core team will also be launching a new proprietary Solana bot with an undisclosed partner soon.
Trending Assets
Below $100M MC by performance, on chain
POOH has soared by 125.2%, EMP (“Empyreal” - a web3 infrastructure project) by 94.17%, and GLORY (a trading card game built on Blast) by 45.48%.
Above $100M MC by performance, on chain
GROK has increased by 67.25%, TOSHI by 39.24%, and AERO by 33.73%.
Above $1B MC by performance, on chain
AVAX has risen by 13.12%, LINK by 7.98%, and PEPE by 7.11%.
Trading Volumes
crvUSD, eUSD, USDe, LINK, and MKR dominated on-chain volumes.
TVL
TVL Above $10M
Over the past day:
MerlinSwap, a DEX on Merlin chain, TVL grew by 253%.
RadioShack, TVL grew by 200%.
Thetanauts Finance, an options protocol, TVL grew by 72.16%.
Fees
Aave V3 fees earned are up by 57.74%, Solana fees earned are up by 20.16%, Arbitrum fees earned are up by 15.36%, and Base fees earned are up by 13.96%.
Disclaimer:
The information and services above are not intended to and shall not be used as investment advice.
You should consult with financial advisors before acting on any of the information and services. ASXN and ASXN staff are not investment advisors, do not represent or advise clients in any matter and are not bound by the professional responsibilities and duties of a financial advisor.
Nothing in the information and service, nor any receipt or use of such information or services, shall be construed or relied on as advertising or soliciting to provide any financial services.