zachxbt

Blockchain investigator ZachXBT has highlighted a growing concern within the digital asset ecosystem, emphasizing that “stablecoin ticker fatigue” and sub-optimal user experiences are increasingly fragmenting market liquidity. According to his view, the rapid proliferation of stablecoin tickers—each representing a slightly different version of a supposedly interchangeable asset—has created confusion for users and diluted market depth across platforms.

Rather than consolidating liquidity around a few reliable stable assets, the market now hosts dozens of variations across chains and protocols. This abundance may appear innovative on the surface, but it introduces unnecessary complexity. Traders must carefully assess whether a stablecoin version is sufficiently liquid, reputable, and widely supported before executing even routine transactions. This process not only complicates decision-making but also contributes to inefficiencies, particularly when users unknowingly choose assets with lower liquidity pools or limited on-chain support.

In addition, ZachXBT points out that the current user experience in decentralized finance often requires individuals to perform multiple convoluted steps—such as bridging assets, wrapping tokens, or navigating cross-chain swaps—just to complete what should be straightforward, low-risk stablecoin transfers. These additional layers increase both transaction costs and operational risk, undermining the fundamental purpose of stablecoins as frictionless digital settlement tools.

The cumulative effect of fragmented liquidity and complex processes is clear: users face higher slippage, longer settlement times, and greater exposure to protocol risk. For institutions and retail participants alike, such friction can deter adoption, limit capital efficiency, and slow the pace of stablecoin-driven growth across decentralized finance.
ZachXBT’s critique underscores the need for more cohesive stablecoin standards, improved interoperability, and streamlined UX design. As the industry matures, ensuring simpler, safer, and more unified stablecoin infrastructure will be critical to unlocking mainstream adoption and realizing the full utility stable assets are intended to provide.
#WriteToEarnUpgrade #zachxbt #AltcoinETFsLaunch #FOMCMeeting #FOMCMeeting #BNBATH

According to Lookonchain data, on April 3, 9 Bitcoin spot ETFs (including Grayscale) reduced their holdings by 2,695 BTC, with a net outflow of approximately $177.9 million. Among them, Grayscale reduced its holdings by 4,354 BTC, with a net outflow of approximately $287.4 million, and currently holds 329,265 BTC, equivalent to approximately $21.73 billion. 21Shares reduced its holdings by 1,324 BTC, with a net outflow of approximately $87.4 million, and currently holds 43,338 BTC, equivalent to approximately $2.86 billion. #zachxbt

Cathie Wood, CEO of asset investment management company ARK Invest, said that Bitcoin is replacing gold, and the emergence of spot Bitcoin exchange-traded funds (ETFs) proves that this trend is continuing. The likely impact of the first spot Bitcoin ETF is similar to that of the first gold ETF, with data showing spot gold prices soaring more than 250% in the seven years since the first gold ETF was launched in November 2004.
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According to SlowMist hacker database, last month's Web3 security incidents resulted in a total loss of approximately 86.24 million US dollars. Among them, 21 hacking incidents caused losses of approximately 76.86 million US dollars, of which "25.5 million US dollars have been recovered". The main reasons for these incidents include smart contract vulnerabilities, account leaks, and price manipulation.
In addition, in November, 9,208 victims became victims of phishing attacks, with "total losses reaching 9.38 million US dollars".
#zachxbt

At 24:00 on March 22, ArkStream Capital x Odaily Space will discuss how AI and DePIN will decorate the future of Web3. Click the "original link" to enter the live broadcast room. #zachxbt

US CPI rose 2.9% year-on-year in July, estimated to rise 3%, and the previous value rose 3%; the US CPI rose 0.2% month-on-month in July, estimated to rise 0.2%, and the previous value fell 0.1%.
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BanklessToken Hub rates tokens on a daily basis for potential future price performance and gives them a bullish, bearish or neutral rating, with past performance showing success despite market volatility, and there are currently 41 active token ratings accessible to citizens. #zachxbt

Jens Bader, Managing Director of Risk Consulting at KPMG China in Hong Kong, stated that compared to other regions, Hong Kong's issuance of virtual asset spot ETFs has multiple advantages, including the protection provided by the Securities and Futures Commission for investors and more diversified subscription and redemption methods. For investors, the options of physical redemption and subscription are attractive. Institutional investors who self-custody virtual assets can consider holding relevant assets through ETFs without the need to exchange them for fiat currency in advance. Hong Kong's requirements for the issuance of virtual asset spot ETFs are very strict, including a detailed review of the internal management and operational capabilities of the issuer, to ensure compliance with relevant regulations and provide sufficient protection for investors.
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Open Campus announced the launch of EDUPool on the X platform to support node operators to stake EDU tokens. Active masternode operators who verify transactions on the EDU Chain will receive token airdrops from partners built on the EDU Chain. It is reported that the first EDUPool partner will be announced next week. #zachxbt

Linekong Interactive announced in an announcement that, pursuant to the purchase authorization, the board of directors is authorized and empowered to purchase cryptocurrencies in open market transactions up to a maximum amount of US$5 million. The nature of cryptocurrencies is often extremely volatile and subject to sudden and large price fluctuations. Since the purchase authorization was approved on November 22, 2023, the value of cryptocurrencies has risen sharply, making the purchase authorization less targeted than expected and ultimately limiting potential shareholder value enhancement. In view of these circumstances, the company believes that it is necessary to revise the maximum amount to US$6 million to purchase cryptocurrencies in open market transactions and further revise the unit price cap of Bitcoin and Ethereum to no more than 10% of the market price. The board of directors believes that revising the purchase authorization can provide the board with flexibility to seize fleeting opportunities. The other terms of the purchase authorization will remain unchanged. #zachxbt

CelestLoan, a staking project in the Celestia ecosystem, will launch its first round of Cloan token sales at 1:00 am (UTC+8) on January 30th. The initial price is 0.57 USDT, and 10 million tokens will be sold (1% of the total supply). The second round of token subscriptions will begin at 7:00 am (UTC+8) on March 15th, with a total of 15 million Cloan tokens available for sale. Registration will end at 8:00 am on March 30th.It is reported that CelestLoan is a decentralized financial protocol built on Celestia, providing users with flexible staking and lending tools.
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Alchemy has launched "Modular Account" for Ethereum L2 developers. The team stated that Modular Account is a new contract account implementation designed specifically for ERC-4337 and ERC-6900 compatibility. Modular accounts provide enterprise-level security, low cost, and powerful account scalability for Ethereum L2 developers.
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Golden Finance reported that according to CertiK monitoring, there are fraudulent websites using deep fake Vitalik Buterin videos for promotion. Users are advised to pay attention to prevent risks.
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According to data disclosed by the Hong Kong Stock Exchange, the asset management scale of the three Hong Kong spot virtual asset ETFs, Huaxia, Jiashi, and Boshi HashKey, has exceeded HK$2 billion in the first week of listing. As of the close of trading at 16:08 Hong Kong time on May 3, 2024, the asset management scale of the three Hong Kong spot virtual asset ETFs in the first week of listing reached HK$2.13069 billion, which is nearly twice the asset management scale of virtual asset futures ETFs of about HK$1.192 billion, as follows:
Boshi HashKey Bitcoin ETF has an asset management scale of HK$447.22 million, and Ethereum ETF has an asset management scale of HK$90.82 million;2. Jiashi Bitcoin ETF has an asset management scale of HK$449.39 million, and Ethereum ETF has an asset management scale of HK$89.87 million;3. Huaxia Bitcoin ETF has an asset management scale of HK$904.49 million, and Ethereum ETF has an asset management scale of HK$148.9 million.In terms of virtual asset futures ETFs, Samsung Bitcoin Futures ETF has an asset management scale of about HK$135.12 million, Southern Dongying Bitcoin ETF has an asset management scale of about HK$848.9 million, and Southern Dongying Ethereum ETF has an asset management scale of about HK$208.06 million. #zachxbt

Scopescan monitoring shows that an address associated with the DYDX Foundation has transferred approximately 5.6 million DYDX tokens (worth approximately $18.3 million) to Amber Group, and eventually to the crypto trading platform Binance.
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