BlackRock will launch Bitcoin ETP in Europe

BlackRock will launch the bitcoin exchange-traded product iShares Bitcoin ETP in Europe. The ETP is scheduled to be listed on Xetra and Europa Paris on Tuesday local time under the stock code IB1T; in addition, the ETP will also be listed on Europa Amsterdam under the stock code BTCN.

Bitcoin dominance climbed to 58.8%, a record high since early 2021

Bitcoin dominance (proportion of the total market value of crypto) rose from 51% in December last year to 58.8%, a record high since early 2021, breaking the market's expectations for the "altcoin season". Traditional theory believes that after Bitcoin rises, funds will rotate to high-risk altcoins, but there are structural changes in this cycle: Institutions continue to increase their holdings: MicroStrategy and other companies are targeted to raise additional funds to buy BTC, forming continuous buying pressure; new tokens are flooding, diversion of altcoins liquidity; ETF effect differentiation: Bitcoin and Ethereum spot ETFs absorb funds, failing to drive other altcoins to rise in general. Analysts pointed out that the altcoin market may be delayed rather than disappear, and if the tracks such as RWA and AI are broken through, it will still attract capital rotation.

GameStop plans to issue $1.3 billion convertible priority notes for the purchase of Bitcoin

GameStop announced that it plans to issue 0.00% convertible priority notes for the total private placement of $1.3 billion (expired in 2030) for eligible institutional investors. Depending on the market conditions, the company can also authorize the initial purchaser to purchase up to $200 million in 13 days. GameStop said the funds raised will be used for general corporate purposes, including the purchase of Bitcoin based on the company's investment.

GameStop incorporates Bitcoin into its treasury reserve assets

Game retailer GameStop updates investment to include Bitcoin into its treasury reserve assets. The document states, “Company’s investments allow investment in certain cryptocurrency assets, including Bitcoin and U.S. dollar stablecoins, and if the company acquires Bitcoin or U.S. dollar stablecoins, the company will face specific risks associated with Bitcoin or stablecoins; and the company’s ability to maintain effective internal financial reporting control.”

The North Carolina Bitcoin Investment Act will create the Investment Administration, investing 5% of the state’s funds in digital assets

Bitcoin Laws issued a statement to disclose details of North Carolina’s Bitcoin Investment Act, House Bill 506, to create a new independent North Carolina Investment Administration (NCIA), led by the state’s Secretary of Treasury. NCIA will have the right to invest 5% of various funds in the state in digital assets. North Carolina’s HB506 Act didn’t really create a ‘bitcoin reserve’. HB506 law in North CarolinaThe case may be conceptually closest to two Florida bills: HB 487 and SB 550. These bills all authorize state-level public funds to invest in Bitcoin, but do not create reserves (for example, there are no mandatory holding provisions).

Kentucky officially signed the Bitcoin Rights Act to protect the right to self-custody and node operation

The Governor of Kentucky officially signed the HB701 Act as a law on March 24 local time to protect residents' rights to use digital assets, self-custody wallets and run blockchain nodes. The bill explicitly excludes such behavior from money transfer licenses and securities regulation, and restricts local discriminatory management of related technical activities.

Ethereum network's daily ETH destruction hit a record low last Saturday

According to The Block data, the Ethereum network destroyed only 53.07 ETH in a single day last Saturday, with a value of about $106,000 at the current price, a record low, indicating a significant reduction in demand for Ethereum block space. Ethereum's EIP-1559 changes simplify the transaction fee process, while requiring the network to destroy all ETH used to pay basic transaction fees. The mechanism is designed to reduce inflationary pressures and could make Ethereum a deflation asset during peak network activity. Additionally, the seven-day moving average of active addresses has recently fallen to its lowest since October 2024. The number of new address creations, transactions and daily transactions have also declined in recent weeks.

U.S. spot Ethereum ETF net inflows of US$4.7 million yesterday

According to FarsideInvestors, US spot Ethereum ETF net inflows of US$4.7 million yesterday.

Ethereum core developer Terence: Ethereum test network Pectra is scheduled to be launched on the main network on April 30

According to the X article by Ethereum core developer Terence, Ethereum test network Pectra is scheduled to be launched on the main network on April 30. Wait for the next core developer to resolve some unresolved minor issues and make full confirmation.

Vitalik transferred 250 ETH into the privacy agreement 7 hours ago RAILGUN

According to the chain analyst Ember Monitoring, Vitalik transferred 250 ETH ($500,000) into the privacy agreement RAILGUN 7 hours ago. Vitalik actually uses RAILGUN more often to transfer funds. He seems to have mentioned that these funds are generally used for donations.

The scale of fund deployment of BlackRock BUIDL Fund on Ethereum has exceeded US$1 billion

Token Terminal data shows that the scale of fund deployment of BlackRock BUIDL Fund on the Ethereum chain has exceeded US$1 billion, and currently reaches about US$1.145 billion. BUIDL Fund focuses on tokenized real-world assets (RWA) andDiversified investments on chains such as Avalanche, Polygon, Aptos, Arbitrum and Optimism, but Ethereum is still its core configuration. According to Nansen's analysis, since March 12, 2024, the number of addresses holding 1,000-10,000 ETH has increased by 5.65%, while the number of addresses holding 10,000-100,000 ETH has increased by 28.73%.

Organization service Chronicle completed a seed round of $12 million

Ethereum on-chain oracle service Chronicle completed a seed round of $12 million, led by Strobe, and participated by Brevan Howard, 6th Man Ventures, etc. The new funds are intended to support it to provide services to the data infrastructure of tokenized assets.

Market News: WLFI is suspected to issue stablecoin USD1 on Ethereum and BNB Chain and conducts functional testing

On March 24, according to market news, the WLFI project is suspected to issue stablecoin USD1 on Ethereum and BNB Chain and is undergoing multiple functional testing, and Wintermute has participated.

Trump family crypto project WLFI plans to launch the stablecoin USD1

Trump family crypto project World Liberty Financial Inc. (WLFI) officially announced plans to launch the stablecoin USD1, which can be exchanged for USD1 1:1 and will be 100% supported by short-term US Treasury bonds, US dollar deposits and other cash equivalents. It will initially be minted on Ethereum and BSC blockchains, and plans to expand to other protocols in the future. It is reported that USD1 reserves will be escrowed by BitGo.

World Network is in contact with Visa to discuss stablecoin payment wallet

According to sources, World Network, a subsidiary of OpenAI founder Sam Altman, is in contact with payment giant Visa to discuss stablecoin payment wallet. Tools for Humanity, a company responsible for overseeing Worldcoin and World Network, has sent a product form request to credit card issuer Visa. According to people familiar with the matter, World Network is a blockchain-based ecosystem that aims to expand the capabilities of the biometric recognition system Worldcoin, contact with Visa or plan to link the on-chain card functionality with a self-encapsulated crypto wallet.

Abu Dhabi ADGM cooperates with Chainlink to develop a compliance tokenization framework

Abu Dhabi International Financial Center Abu Dhabi Global Market (ADGM) announced that it hasSigning a Memorandum of Understanding with Chainlink to collaborate on the compliance framework for tokenized assets, this collaboration will enable Abu Dhabi International Financial Centre to use Chainlink’s suite of blockchain tools, including price feed data support and interoperability services, to facilitate blockchain innovation under its registry.