1. Huaxia Virtual Asset ETF asset management exceeds HK$1 billion, while Bosera and Harvest have both exceeded HK$500 million
As of May 3, the latest virtual asset ETF asset management scale (AUM) data of the Hong Kong Stock Exchange showed: 1. The asset management scale of Hua Xia Ethereum ETF reached HK$146.16 million, and that of Hua Xia Bitcoin ETF reached HK$880.25 million, with a total of more than HK$1 billion; 2. The asset management scale of Bosera HashKey Ethereum ETF was HK$96.59 million, and that of Bosera HashKey Bitcoin ETF reached HK$478.09 million; 3. The asset management scale of Harvest Ethereum ETF was HK$89.97 million, and that of Crypto Bitcoin ETF was HK$449.39 million.
2.TON Foundation: Open League Season 2 has started
TON Foundation announced in the official Telegram channel that the second season of Open League will start on May 2. The participating projects in the second season are: KINGY, PUNK, STON, DFC, RAFF, FNZ, JETTON, GRAM, and newly joined JVT, ANON, WEB3, REDO, BTC25. All participants can receive a maximum reward of 25K Toncoin LP. The rule updates for the second season include: the season is shortened to 2 weeks; the leaderboard is simplified to application, token major and minor leagues.
3. The 133rd Ethereum ACDC meeting: The goal is to complete devnet within 7-10 days
Ethereum developers held the 133rd ACDC call. First, an overview of the latest research on Ethereum protocol confirmation rules, then, Pectra updates, discussions around EIP-7547 and CFI status, decided to put on hold for now. Updates to the v1.5.0-alpha.1 spec release. Updates on the implementation of devnet-0, most teams are progressing well, but there are some unexpected complexities, the goal is to complete the devnet in 7-10 days. Some reflections on the complexity, inclusion process, and scoping of EIPs. Next, an introduction to EIP-7684 to reduce the "deposit fronting" phenomenon, teams are busy with the implementation of devnet-0, but it can be used as a thread in the coming months to refine specific mitigation measures and formally propose EIPs. Finally, a discussion of PeeerDAS, client teams have made progress on implementation, open issues around the number of regulations per data sample and the synchronization assumption of sampling ("track or not track"), agreed that in the initial PeerDAS testnet, clients can implement the tracking strategy that best suits them, as this is entirely a local decision. We hope to agree on a specific strategy in production, but there seems to be disagreement on the best approach at this time. In addition, due to the customer teams being busy attending interop events, the next ACDC will be cancelled and will be held on May 30 at 22:00.
4. Mirror's parent company received $10 million investment from Electric Capital to develop new products, and a16z crypto and others provided donations
Mirror's parent company, Reflective Technologies Inc., revealed that the company raised $10 million from Electric Capital, with additional contributions from a16z crypto, Union Square Ventures and Variant to develop a new product, Kiosk. Kiosk is still in development and looking for a founding team, and will use Farcaster to enhance blockchain-based transactions within social communities.
5.Michael Saylor: The US SEC will designate Ethereum as a security in the summer and reject spot ETF applications
MicroStrategy Executive Chairman and Co-founder Michael Saylor believes that the U.S. SEC will classify Ethereum as a security this summer and reject related spot ETF applications submitted by several asset management companies, including BlackRock. Saylor made this prediction in a social media post while speaking at the MicroStrategy World 2024 conference on May 2. He further predicted that other cryptocurrencies "below the stack" will also receive unregistered names, including BNB, SOL, XRP, and ADA. Saylor asserted that Bitcoin alone has received full institutional recognition. He called BTC a general-purpose institutional-grade crypto asset and said there won't be another one.
6.54,640 ETH were destroyed on the Ethereum chain in April, and NFT transaction volume fell by nearly 35%
According to data from TheBlockPro, the Ethereum network destroyed a total of 54,640 ETH in April, equivalent to $179 million. Data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed a total of about 4.78 million ETH, worth about $12.02 billion. In addition, the transaction volume of the NFT market on the Ethereum chain fell sharply by 34.5% to about $476 million, while Ethereum staking income fell further to $257 million, a drop of 16.9%. In contrast, Bitcoin miners' income fell to $1.78 billion in April, a drop of 11.3%.
7. EIP-1559 has been activated for 1,000 days, burning 4285373.45 ETH
According to ultra sound money data, EIP-1559 has been activated for 1,001 days, burning 4285373.45 ETH, worth more than US$12.8 billion.
