1. Aave community launches ARFC proposal to abandon small-cap stablecoins on Ethereum network on V2
The Snapshot governance page shows that the Aave community has launched the ARFC proposal to "deprecate small-cap stablecoins on the Aave V2 Ethereum network", proposing to eliminate USDP, GUSD, LUSD, FRAX and sUSD on Aave V2. Voting is now open and ends on May 6. The proposal points out that recent events have highlighted the need for Aave to reduce its V2 exposure to less-used stablecoins, many of which have limited liquidity, allowing price manipulation and other potentially harmful events. Previously, the community followed a two-stage process to deprecate stablecoins, taking BUSD and TUSD as examples. It is worth noting that none of the above stablecoins are collateral assets, which reduces the complexity of the process.
2. Blockchain Asset Management announces launch of a dedicated blockchain fund for qualified investors
Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said that its scale has reached "8 figures", that is, tens of millions of dollars. In addition, the investment threshold of the new fund is $100,000, and all investors are required to meet the recognition standards (annual income of more than $200,000 and net assets of more than $1 million).
3. Fidelity Vice President: Pension plans are beginning to explore investment opportunities in the crypto space
Manuel Nordeste, vice president of Fidelity Digital Assets, said that defined-income plans and other pension funds are “just beginning to discuss” crypto assets with their investment committees. Smaller but sophisticated investors like family offices and high-net-worth individuals are more likely to buy cryptocurrencies. When Fidelity Digital Assets first started (in 2018), it saw “family offices, small professional asset managers and hedge funds, and then large blue-chip hedge funds,” and we are starting to have conversations with larger, real institutional investors, and we are getting some of those clients, as well as enterprises and so on.
4. The total gas consumption on the Base chain exceeds 10,000 ETH
According to the data from Dune Analytics, an on-chain analysis platform, the total gas consumption on the Base chain has exceeded 10,000 ETH, reaching 10,839.5062 ETH at the time of writing (more than $33.6 million at current prices), with an average gas usage of approximately $0.1754 (0.000059661 ETH), a total number of blocks reaching 13.41 million, and an average transaction volume of approximately 14.63 per block. In addition, data shows that the total transaction volume on the Base chain has exceeded 196.2 million, the number of users has exceeded 8.366 million, and the user transaction volume has exceeded 184 million, reaching 184,403,451 at the time of writing. In addition, the total number of contracts created on the Base chain has exceeded 64 million, reaching 64,056,573 during the period.
5. LayerZero launches a self-reporting program for witch activities, and self-reporting can earn 15% of the expected airdrop allocation
LayerZero Labs said on the X platform that it has launched a self-reporting program for witch activities. If the witch address self-reports the relevant address on the designated page, it will receive 15% of the expected allocation without answering any questions. The deadline is 19:59:59 on May 17. If the witch user does not self-report before the end of the 14-day period, it will enter the following two stages: Phase 1: The official will publish its own list of all identified witch users-those who have been identified but have not self-reported will not receive any information. Phase 2: The official will open a bounty and users can submit detailed reports of witch activities. Successful reporting will result in the witch user not being able to receive the airdrop allocation, and the bounty hunter will receive 10% of the witch's expected allocation. LayerZero Labs said that it is in the best interest of the protocol to distribute tokens to long-term users (rather than witches).
6.friend.tech officially released version V2
friend.tech said on the X platform that the V2 version has been officially released, the FT airdrop is coming, and the airdrop qualification query link has been released. The Web3 social platform friend.tech said on the X platform: "Many people asked you to share with the key holder when claiming the FRIEND airdrop. We think this is a great idea. We need more time to implement this function, so we postponed the (V2) release time to 01:30 on May 3rd, Beijing time.
7. Bitcoin’s largest ETF sees net inflows for the first time
Grayscale Bitcoin Trust (GBTC), the largest Bitcoin ETF by assets, saw its first net inflow of new funds, according to Farside Investors. On Friday, the fund added $63 million. Despite GBTC's high fees and billions of dollars being pulled out of it by investors, it remains one of the leading options for investing in Bitcoin. Now, BlackRock's iShares Bitcoin Trust (IBIT) is challenging GBTC for the title of the largest Bitcoin ETF.
8. Bitwise increased its holdings by more than 500 BTC and its market value has returned to above $2 billion
Bitwise official data shows that as of May 3rd local time, its spot Bitcoin exchange-traded fund BITB held 33,459.61 BTC, an increase of 539.66 BTC from the previous trading day. Its holdings also returned to above the $2 billion mark with this increase, currently reaching $2,067,172,924.23. In addition, the current BITB circulation shares have increased to 61,380,000 shares, with each share holding 0.000545 BTC.
