Daily | KABOSU, the prototype of MEME coin DOGE, passed away; Musk’s xAI will complete a new round of financing in June, with a post-financing valuation that may exceed US$24 billion; BlackRock’s Ethereum spot ETF has been listed on the DTCC website

Organized by: Luan Peng, ChainCatcher

Important information:

• Data: The trading volume of 6 Hong Kong virtual asset ETFs today was HK$45.34 million
• KABOSU, the prototype of MEME coin DOGE, passed away
• RootData: The net inflow of ETH into CEX in the past 24 hours exceeded 116 million US dollars, ranking first on the inflow list
• Informed sources: Musk’s xAI will complete a new round of financing in June, and the post-financing valuation may exceed US$24 billion
• Lista Token Economy Academic disclosure: The total supply is 1 billion, and airdrops account for 10%
• ZK hardware startup Cysic completed a $12 million pre-A round of financing, led by HashKey Capital and OKX Ventures
• 贝Ryder Ethereum Spot ETF has been listed on the DTCC website

"What important events have occurred in the past 24 hours"

RootData: ETH net inflow into CEX in the past 24 hours Exceeding 116 million U.S. dollars, ranking first on the inflow list

According to data from the Web3 asset data platformRootData, in the past 24 hours, the net inflow of ETH into CEX reached 116 million U.S. dollars. ranks first in the list of currencies flowing into exchanges in 24 hours. ETH has gained 28% on the 7th and is now trading at $3,798.29.

ZK hardware startup Cysic completed $12 million in pre-Series A financing, led by HashKey Capital and OKX Ventures

According to CoinDesk, zero-knowledge ( ZK) hardware startup Cysic announced the completion of a $12 million pre-Series A round of financing, led by HashKey Capital and OKX Ventures. The new funding will be used to accelerate the generation of ZK proofs in a faster, more cost-effective, user-friendly and decentralized manner.

Informed sources: Musk’s xAI will complete a new round of financing in June, and the post-financing valuation may exceed US$24 billion

According to Bloomberg citing people familiar with the matter , Musk’s artificial intelligence company xAI will complete a round of financing in June, and its post-financing valuation may exceed US$24 billion.

KABOSU, the prototype of MEME coin DOGE, passed away

According to the owner of KABOSU, the prototype of MEME coin DOGE, KABOSU has passed away. A farewell party will be held for him on May 26.

Data: The trading volume of 6 Hong Kong virtual asset ETFs today was HK$45.34 million

Hong Kong stock market data shows that as of the close of trading, the trading volume of 6 Hong Kong virtual asset ETFs today The trading volume of China Bitcoin ETF (3042.HK) was HK$15.17 million; China Ethereum ETF (3046.HK) ) trading volume was HK$8.59 million; Harvest Bitcoin ETF (3439.HK) trading volume was HK$6.85 million; Harvest Ethereum ETF (3179.HK) trading volume was 9.23 million Hong Kong dollars; The transaction volume of Boshi HashKey Bitcoin ETF (3008.HK) was HK$1.72 million; The transaction volume of Boshi HashKey Ethereum ETF (3009.HK) was HK$3.78 million.

LayerZero Lianchuang: “Hunter” can obtain 10% of the original airdrop share of “Witch”, and the remaining 90% will be distributed to other qualified users

LayerZero co-founder and CEO Bryan Pellegrino stated on social platforms that in the "Witch Hunting Bounty" activity, "hunters" can obtain 10% of the original airdrop share of the "witch" address they reported, and the remaining 90% will be returned to eligible investors. Eligible address. Additionally, if the witch address was originally due 0 tokens, then the bounty hunter will also receive 0.

BlackRock’s Ethereum Spot ETF has been listed on the DTCC website

According to WatcherGuru, BlackRock’s Ethereum Spot ETF has been Listed on the DTCC website under the code ETHA. It is reported that listing the "standard process" to prepare for the launch of a new ETF on the DTCC website does not mean that the ETF has obtained any regulatory approval or other approval process results.

Goldman Sachs expects the Fed to start cutting interest rates in September

Goldman Sachs expects the Federal Reserve to start cutting interest rates in September, compared with its previous forecast of July.

Data: Ethereum’s pledge rate has reached 27.15%, and Lido’s market share has reached 28.54%

According to Dune Analytics data, the total amount of Ethereum beacon chain pledges Reaching 32,540,181 ETH, pledged ETH accounts for 27.15% of the total supply. Among them, the staking share of the liquidity staking protocol Lido reaches 28.54%. In addition, there has been a net inflow of 14,374,191 ETH since the Shanghai upgrade.

Data: The total net inflow of Bitcoin spot ETF yesterday was 108 million US dollars, and the net inflow continued for 9 days

According to SoSoValue data, Bitcoin yesterday (May 23, Eastern Time) Total net inflows into spot ETFs were US$108 million. Yesterday, the Grayscale ETF GBTC had a single-day net outflow of US$13.7209 million. The current historical net outflow of GBTC is US$17.641 billion.

"What are some interesting articles worth reading in the past 24 hours?"

The US SEC finally "released" the Ethereum spot ETF successfully!

At around 5 a.m. on May 24, Beijing time, the U.S. Securities and Exchange Commission approved Form 19b-4 for eight spot Ethereum ETFs. The eight issuers are Grayscale, Bitwise, iShares, VanEck, ARK & 21Shares, Invesco & Galaxy, Fidelity, Franklin.

Everyone is waiting for this historical moment, and the SEC official website crashed several times.

Previously reported that on Tuesday this week, the US SEC required exchanges to speed up the update of 19b-4 applications. In the following two days, eight companies except Hashdex submitted the final revised version of 19b-4 before the deadline. sheet. In addition, the S-1 document (i.e., the prospectus document of the potential issuer) will be approved after 19b-4, and then each Ethereum spot ETF will be ready for listing.

Additionally, the Ethereum ETF is expected to be smaller than the Bitcoin ETF, at least initially. For example, the Grayscale Ethereum Trust now has about $11 billion in assets, much smaller than the Bitcoin fund it held before the company switched.

ChainCatcher and HTX co-organized the "Web3 Future Night", Web3 elites gathered in Vietnam to focus on new trends in encryption

With the vigorous development of global blockchain technology, Web3 is gradually becoming a new driving force leading technological innovation. In this global technology wave, Vietnam, as a leader in emerging markets in Asia, is rapidly emerging as a key player in the Web3 industry. Looking ahead to the new year, Vietnam’s role in Web3 technology innovation and encryption compliance will become increasingly prominent.

In order to accelerate the development of Web3 in Vietnam and build a platform for in-depth communication, the well-known Web3 media ChainCatcher joined hands with Huobi HTX to jointly host the "Web3 Future Night" event. The event will be held in Ho Chi Minh City, Vietnam during the GM Vietnam 2024 event. By then, the event will attract Vietnam's most influential KOLs, enthusiastic community members, talented Crypto industry developers, and visionary project founders to gather together to discuss and look forward to the future development of Web3.

From Internet celebrity dog ​​to crypto legend: Shiba Inu Kabosu and the MEME culture it leads

Overlapping front legs, slanted cute face, coupled with those pair of The determined eyes... This is the emoji star "Doge" who has been popular around the world for more than ten years. On May 24, the celebrity dog ​​"Doge" prototype Shiba Inu Kabosu - the 19-year-old Shiba Inu Kabosu was caressed by his owner Left the world.

For many cryptocurrency enthusiasts, the name "Kabosu" may not be familiar, but the shadow of Dogecoin must have appeared more or less in the encryption wallet.

In addition to the cryptocurrency world, Doge has long been a legendary Internet celebrity dog ​​on the Internet.

The Ethereum Foundation has no dreams

In the past few days, the reversal news of the Ethereum ETF seems to have completely changed the market’s judgment on its fundamentals. Analysts who were sluggish did a 180-degree turn in one day. With the official approval of the ETF, ETH nearly broke through the $4,000 mark this morning, but behind the price climax, the Ethereum Foundation has reached a crossroads.

Since last year’s EDCON in Montenegro, the industry’s dissatisfaction with the Ethereum Foundation has begun to manifest. The organization appears to be entering a midlife crisis, struggling structurally, efficiently, and culturally, and its decline is evident with Solana's resurgence. After ETH officially became a world asset, the Ethereum Foundation seemed to have become the biggest burden on the ecosystem.

Encrypted AI projects are not all nonsense. How to identify real scenarios and fake needs?

Navigating the intersection of crypto and artificial intelligence.

When looking for new alpha information, we will inevitably encounter some junk information. When a project can quickly raise 5-6 figures with just a semi-clear brief and some decent branding, speculators will latch on to every new narrative. As traditional financial fields join the AI ​​trend, the “encrypted AI” narrative has exacerbated this problem.

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