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BTC $76,763.78 +3.10%
ETH $2,413.30 +3.44%
BNB $641.28 +3.08%
XRP $1.48 +5.16%
SOL $89.56 +5.93%
TRX $0.3247 -0.65%
DOGE $0.1007 +4.61%
ADA $0.2637 +4.30%
BCH $455.14 +3.30%
LINK $9.74 +4.01%
HYPE $44.53 -0.13%
AAVE $117.19 +8.72%
SUI $1.03 +5.08%
XLM $0.1727 +6.24%
ZEC $345.76 +0.29%

esp

RootData released the sixth issue of the cryptocurrency exchange transparency ranking (stock category), with Gate and Bitget rising to 3rd and 4th place, respectively

Web3 asset data platform RootData released the sixth issue of the "Cryptocurrency Exchange Transparency Ranking (Stock Category)," continuing to focus on the growth trend of stock assets in cryptocurrency exchanges. In this issue, Binance, OKX, Gate, Bitget, and Bybit ranked in the top five.According to the ranking, most cryptocurrency exchanges saw an increase of around 10% in trading volume over the past week, reversing a downward trend that had persisted for several weeks, but the traffic remained mostly flat compared to last week, with no significant signs of rebound.In terms of ranking changes, Gate and Bitget both moved up one position, while Bybit dropped two positions. Bitget launched the first Pre-IPO project SpaceX (SPCX) in this issue, connecting the Pre-IPO product framework with traditional capital markets, enhancing the richness and institutional attributes of its "tradable stock assets," which is an important reason for the score increase this time.It is reported that RootData adheres to the "transparency first" principle and has taken the lead in establishing a dual evaluation system of "transparency + liquidity" in the field of stock cryptocurrency exchanges, thereby providing investors with more effective data references. The ranking will continue to be improved and published in the future.

Xie Jiayin: Bitget will launch two rounds of preSPAX airdrops for VIPs

Bitget's Chinese head, Xie Jiayin, announced on Twitter that Bitget officially launched IPO Prime, turning capital privileges into rights for everyone. To promote the implementation of this project, Bitget's global business team began intensive communication with the issuer Republic months ago for exclusive cooperation. He stated that from CEX to UEX, Bitget's business has extended to the primary market, insisting on breaking boundaries to do things that are truly valuable to users.In this round of IPO Prime, in addition to the subscription mechanism, Bitget will distribute two rounds of preSPAX airdrops to new VIPs and existing VIPs. The first round of airdrops is open to users who became Bitget VIPs before April 13 at 10:00 (UTC+8), with a total prize pool of 760 preSPAX, allocated according to VIP levels. Users must maintain their VIP status during the event and click "Participate Now" on the event page to complete registration. The registration period is from April 13 at 10:00 to April 15 at 23:59 (UTC+8), and the airdrop distribution time is April 16.The second round of airdrops is open to users who upgrade to VIP between April 13 at 10:00 and April 19 at 23:59 (UTC+8), with a total prize pool of 190 preSPAX. The airdrop amount will be allocated based on the user's VIP level at the end of the event. The registration period is from April 13 at 10:00 to April 19 at 23:59 (UTC+8), and the airdrop distribution time is April 20.

Bittensor co-founder responds to Covenant AI's accusations: no authority to suspend subnet emissions, and the amount sold is less than 1% of the investment

Bittensor co-founder Const (@const_reborn) responded on Twitter to recent allegations regarding Covenant AI. Const stated that he has no authority to pause emissions, and that the previous sale of a portion of alpha positions in three subnetworks was because these subnetworks were not operational and were in a high ratio of code destruction state. The impact of this transaction on emissions is consistent with the buying and selling behavior of ordinary TAO holders, and he does not enjoy any special privileges.Regarding management authority, Const clarified that it was Samuel himself who abandoned his Discord channel, and he did not remove his administrator role; he only temporarily restricted his ability to delete posts that honestly criticize and then restored it. Additionally, he emphasized that the scale of the token sell-off was less than 1% of his total investment in the team, and stated that exercising the rights to buy and sell tokens under the dTao system is fundamental to supporting the operation of the system.According to previous reports from ChainCatcher, the main subnetwork developer on Bittensor, Covenant AI, announced its withdrawal from Bittensor. Covenant AI founder Sam Dare stated that the reason Bittensor attracts builders, miners, validators, and investors into this ecosystem is because of its promise not to be controlled by any single entity. But this promise is a lie.

Yili Hua reviews the cryptocurrency cycle: bullish in the long term, but must respect the cycles and volatility

Liquid Capital founder Jack Yi stated during a live broadcast at Binance Square on April 8 that since entering the cryptocurrency industry at the end of 2015 and experiencing two to three cycles of bull and bear markets, he still tends to be "long-term bullish," but the premise is not to be overly optimistic and to face the market's cyclicality and "huge volatility." In his view, the pullbacks and rebounds of crypto assets far exceed those of traditional markets, and investors need to maintain clarity and risk awareness amid the volatility.Regarding the market pressure this year, Yi attributed it to multiple external factors: the unfulfilled expectations of interest rate cuts at the macro level, geopolitical disturbances, slower-than-expected policy advancements, and the cooling of certain narratives (such as "national strategy"); combined with the impact of the four-year cycle, he believes the correction may exceed the original plan. However, he emphasized that this is more about the external financial environment and cycles amplifying short-term volatility, and his core judgment on ETH from a long-term perspective has not changed.On the strategic level, he believes that the difficulty of primary investments has significantly increased after 2022-2023: early-stage primary project cycles are shorter, and liquidity is released faster, but as market structures and unlocking/circulation arrangements change, the window of opportunity for investors has clearly narrowed, making primary investments "not as easy as before." Therefore, he is gradually reducing his involvement in primary investments and focusing more on research and opportunity capture in the secondary market.In addition, he emphasized that AI is accelerating the reshaping of the competitive landscape: over the past two to three months, he has invested more effort into learning about AI and promoting the transformation of invested companies towards AI, believing that individuals and teams that do not understand or cannot use AI in the future may be quickly eliminated. In response to external controversies such as "pumping and dumping," he stated that investment ultimately depends on asset value and trends, and large markets are difficult to be driven by a single participant.
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