MarsBit News

According to Mars Finance news, on May 2, monitoring by Spot on Chain reported that Curve founder Michael Egorov has sold 343,452 CRV (approximately $224,000) since April 8. Since March 24, the total sales volume has reached 3.433 million CRV (approximately $1.85 million), with an average selling price of $0.539.

Mars Finance News, Binance HODLer airdrop launches StakeStone (STO).

According to Mars Finance news and an official announcement, starting from May 5, 2025, 17:00 (UTC+8), Binance futures will adjust the marking price, changing the basis for price 2 from 2.5 minutes to 1 minute.

According to Mars Finance news on May 2, market data shows that influenced by the news of being listed on Binance, STO briefly rose by about 70%, now priced at $0.18.

According to Mars Finance news, on May 2, the Financial Times reported that UK financial regulators plan to ban retail investors from borrowing money to invest in cryptocurrencies like Bitcoin. The agency is attempting to regulate the rapidly growing digital asset market for the first time. The restrictions on loans for purchasing cryptocurrencies are part of a comprehensive set of rules released by the UK Financial Conduct Authority on Friday, just days after the UK government proposed legislative plans for the digital asset market.

Mars Finance news, REVOX stated on official social media that it encourages community members to provide liquidity for the REX token on PancakeSwap to enhance on-chain market depth and improve the trading experience. The team will consider the indicators of liquidity contribution in subsequent airdrop activities. REVOX is the AI infrastructure of the BNB ecosystem, and the REX token has surged over 330% in the past week.

Original title: Crypto & Blockchain Venture Capital - Q1 2025   

Original author: Alex Thorn

Original source: https://www.galaxy.com/  

Translated by: Daisy, Mars Finance

introduction

Cryptocurrency venture capital remains below the previous bull market level. Although the investment amount this quarter hit a new high since the third quarter of 2022, more than 40% of the funds came from a single investment of US$2 billion in Binance by the UAE sovereign-linked fund MGX. Macroeconomic concerns continue to suppress allocators' interest in venture capital, and the cryptocurrency market continues to show a differentiated trend - Bitcoin is particularly strong, while altcoins and basic platforms in the previously popular crypto venture capital field are relatively weak.

According to Mars Finance, the U.S. GDP has contracted for the first time in three years, and the core PCE inflation rate remained flat, decreasing year-on-year from 3.0% to 2.6%, alleviating inflation concerns. BRN analyst Valentin Fournier stated that inflation is approaching the Federal Reserve's 2% target, increasing market expectations for interest rate cuts, which may benefit alternative assets like Bitcoin rather than the stock market. Bitcoin has risen over 13% since 'Liberation Day', reaching $97,000, with a net inflow of $442 million into spot ETFs on May 1. Douro Labs CEO Mike Cahill mentioned that if the employment data on May 2 is weak, Bitcoin prices may rise again due to expectations of interest rate cuts. (The Block)

According to Mars Finance, Block CEO Jack Dorsey stated that the Bitcoin mining chip Proto developed by the company will be launched in 2025 and will be produced in the United States to address tariffs and risks of overseas manufacturing. Dorsey emphasized that collaboration with domestic suppliers and manufacturers will ensure the chip is released as planned. Block's gross profit for the first quarter reached 2.29 billion dollars, a year-on-year increase of 9%, with Cash App's gross profit growing 10% to 1.38 billion dollars, and Square increasing by 9% to 898 million dollars. However, due to the macro environment and weak consumer demand, the company has revised its gross profit forecast for the entire year of 2025 down to 9.96 billion dollars, a year-on-year increase of 12%.

According to Mars Finance news, on May 2nd, CryptoQuant analyst Axel posted on social media that the annualized real MVRV (Market Value/Realized Value Ratio) of BTC has returned to positive territory, meaning that the average cost price of all tokens purchased in the past year is now below the current market price. The panic selling pressure is easing—most holders have now achieved profits and do not need to take losses to exit. The confidence of holders is continuously strengthening. This 'critical point transition' coincides with the market recovery phase, marking the beginning of a more sustainable price growth cycle. This trend will continue until the speculative premium accumulates to a sufficiently high level, prompting holders to choose to take profits.

According to news from Mars Finance, data from the Ministry of Finance of El Salvador shows that El Salvador has increased its holdings by 9 bitcoins in the past 7 days, bringing its total bitcoin holdings to 6165.18 coins, with a total value of 594 million USD. In the past 30 days, El Salvador has cumulatively increased its holdings by 32 bitcoins.

Mars Finance reports that on May 2nd, according to monitoring by Moonshot Listings, Moonshot has launched Boopa with a market capitalization currently at $8.26 million, an increase of 77.21% in the past hour, and a trading volume of $15.4 million in the past 24 hours.

According to Mars Finance, Kraken stated that its team recently discovered a North Korean hacker attempting to infiltrate their team by applying for a job at Kraken. The name the suspicious candidate used when applying was different from the name on their resume, and they changed it quickly. Even more suspiciously, this candidate occasionally switched voices. Kraken received a list of email addresses associated with the hacker organization, one of which matched the email address the candidate used to apply to Kraken. Armed with this intelligence, Kraken's team launched an investigation using open-source intelligence (OSINT) methods. During the final round of interviews, the team asked the candidate to verify their location, provide government-issued identification, and even recommend some local restaurants in their city. The interviewee was flustered and caught off guard, ultimately proving that this was not a legitimate applicant but an imposter attempting to infiltrate our systems.

According to Mars Finance news, Aria officially launches a points system, open to users holding OG status. Users will earn 1 point for every 1 USDC staked in the Stakestone vault; experience points gained from completing Zealy tasks will be credited to points at a 1:1 ratio. Users who have not yet obtained OG status can strive for eligibility by continuously completing tasks. Points will serve as an important reference for subsequent incentives and rewards distribution.

According to Mars Finance news, on May 2, the Kraken team recently discovered that a North Korean hacker was attempting to infiltrate the team by applying for a position. The name and resume of this suspicious candidate were different upon employment, and it was quickly changed. Additionally, this candidate occasionally switched voices, indicating real-time guidance during the interview process. Kraken received a list of email addresses related to this hacker organization, one of which matched the candidate's email address used to apply to Kraken. With this intelligence in hand, the Kraken team initiated an investigation using open-source intelligence (OSINT) methods. In the final round of interviews, the team asked the candidate to verify their location, present a government-issued ID, and even recommend some local restaurants in their city. The interviewee was flustered and caught off guard, ultimately proving to be an imposter attempting to infiltrate the system.

Mars Finance reports that on May 2, according to Alternative data, the cryptocurrency Fear and Greed Index today is at 67 (up from just 53 yesterday), with market 'greed' sentiment rapidly rising to its recent peak value (last month it was 60). Note: The panic index threshold ranges from 0-100 and includes indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Heat (15%) + Market Surveys (15%) + Bitcoin's Proportion in the Overall Market (10%) + Google Trends Analysis (10%).

Mars Finance news, Arthur Hayes stated, "The question I get asked the most lately is, when will the altcoin season come? And the answer is sometimes it is right in front of you. HYPE" Additionally, Arthur Hayes's accompanying image shows the HYPE price breaking through 20 USDT, with a 24-hour increase of 2.47%.

According to Mars Finance, as reported by The Block, five South Korean cryptocurrency exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—have announced plans to delist WEMIX, the blockchain platform token under Wemade, on June 2. Token withdrawals will be terminated on July 2. In response to this news, WEMIX briefly dropped 60% to 0.25 USDT and has since slightly rebounded to 0.38 USDT. The decision regarding specific tokens was made by the Digital Asset Exchange Association (DAXA) of South Korea, which includes these five platforms. DAXA believes that the Wemix Foundation has not adequately addressed the issues that led to it being designated as a cryptocurrency with investment caution, determining that the asset does not meet the standards for maintaining trading support after a comprehensive review of the issuing entity's credibility and safety.

Original title: Stablecoins: Depegging, fraudsters and decentralization   

Original author:  Merav Ozair  

Original source: https://cointelegraph.com/

Translated by: Daisy, Mars Finance

With the entry of large banks and payment giants, stablecoins are regaining momentum, but issues such as their stability, regulatory framework, and centralization and fraud risks remain unresolved.

Stablecoins are everywhere these days – and this time, the frontrunners are “traditional” financial institutions. Bank of America and Standard Chartered are considering launching their own stablecoins, joining JPMorgan Chase, which launched JPM Coin (later renamed Kinexys Digital Payments) to provide trading services for institutional clients on its blockchain platform Kinexys (formerly Onyx).

According to Mars Finance, the Bitcoin native liquidity layer Yala has announced a strategic partnership with the real-world asset finance (RWAfi) public chain Plume to jointly promote the seamless connection between the Bitcoin ecosystem and the returns of real assets. Bitcoin holders will be able to easily access Plume's institutional-grade asset portfolio through Yala RealYield, achieving the dual goals of asset appreciation and stable returns. As a leading RWA infrastructure, Plume has aggregated over 180 projects through its EVM-compatible ecosystem and, with its end-to-end tokenization engine, has transformed traditional financial products, carbon credits, GPU computing power, as well as alternative assets and collectibles into liquid DeFi products. Yala's innovative Bitcoin-native solution conveniently injects Bitcoin liquidity into the DeFi and RWA sectors. Through this collaboration, Bitcoin holders can participate in Plume's selected tokenized fixed-income assets (such as U.S. Treasury bonds, corporate bonds, private credit, etc.) through Yala RealYield, earning stable BTC returns. Each asset comes with clear risk levels, terms, and annual percentage yield (APY) clauses to ensure safe user decision-making. This partnership marks a significant acceleration of Bitcoin's penetration into the RWA sector, with the synergies between Yala and Plume set to drive a transformation in the trillion-dollar real asset market, significantly enhancing Bitcoin's capital efficiency and application scenarios.