Daily Notes 25-03-2024
Developments
Digital Asset Fund Flows Record a Major Outflow
Last week's digital asset fund flows reached net -$942 million, breaking a 7 week positive inflow streak. Grayscale maintained negative flows of -$1997 million, iShares saw +$828 million, Fidelity +$79 million, and ARK $33 million.
London Stock Exchange Set to List Crypto ETNs
The London Stock Exchange will start listing Bitcoin and Ethereum Exchange Traded Notes (ETN) as early as May.
SEC Targets Ripple Labs with a $2 Billion Fine
SEC seeks $2 billion in fines and penalties from Ripple Labs.
FTX to Sell Majority Stake in Anthropic for $884 Million
FTX is selling 67% of its Anthropic stake for $884 million in a deal with over 24 buyers.
Binance Executive Flees Custody in Nigeria Amid New Tax Charges
One of the Binance executives detained by Nigeria escaped custody.
Philippines' SEC Blocks Local Access to Binance
The Philippines’ SEC blocks local access to Binance.
Base Gains 1.2 Million New Users in Less Than a Month
Base has added 1.2 million new users since March 11th.
Altlayer Teases Upcoming ALT Token Staking Feature
Altlayer hints at ALT token staking.
ANZ and Chainlink Collaborate on Cross-Chain Settlement Experiment
The Australian and New Zealand Banking Group (ANZ) unveiled findings on a cross chain settlement of tokenized assets experiment powered by Chainlink’s CCIP and using ANZ’s own Avalanche Evergreen Subnet.
Scroll to Support Dencun in Upcoming Protocol Upgrade
Scroll plans to implement support for Dencun in its next protocol upgrade at the end of April.
Fantom's New Upgrade: Sonic, A Leap in Blockchain Efficiency
Fantom’s CEO & CIO, Michael Kong expanded on Fantom Sonic. Capable of 2,000 TPS at sub-second finality (compared with todays 200 TPS), Sonic is the next iteration of the Fantom network and will include the launch of the Fantom Virtual Machine (FVM), Carmen (database storage), as well as a “optimised lachesis consensys mechanism”.
Trending Assets
Below $100M MC by performance, on chain
GLORY (an autobattler trading card game on Blast), OLE (OpenLeverage - a margin trading protocol), and MIA (a memecoin on Blast) have seen their prices increase by 110%, 46.76%, and 44.11%, respectively.
Above $100M MC by performance, on chain
Base coins are doing well: DEGEN is up 61.75% and AERO is up 38.09%.
Above $1B MC by performance, on chain
In the large-cap tokens, SNX is up by 12.98%, PEPE has increased by 11.58%, and ONDO has risen by 10.29%.
Trading Volumes
PEPE, MKR, ONDO Badger and LINK dominated on-chain volumes.
TVL
TVL Above $10M
Over the past day:
Blast Futures, TVL grew by 61.75%.
Horizon Protocol, a DEX on BNB chain for synthetic assets that represent the real economy, TVL grew by 43.18%.
Particle, a levered trading protocol on Blast, TVL grew by 32.76%.
Fees
FWX fees earned are up by 22.91%, PancakeSwap AMM fees earned are up by 40.3%, and AAVE fees earned are up by 10.36%.
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