24H Popular Currencies and News | BTC fell below $78,000 in the short term, and the ETH/BTC exchange rate hit a new low (4.7)

1. Popular CEX currencies

Top 10 and 24-hour changes in CEX turnover:

• BTC: -5.33% 

• ETH: -11.1% 

• SOL: -11.16% 

• XRP: -9.96% 

• BNB: -4.61% 

• DOGE：-11.1% 

• PEPE: -9.69% 

• SUI：-11.9% 

• GUN: -1.1% 

• ADA: -10.96% 

24 H gainers list (data source OKX):

• AERGO: + 52.07% 

• FORTH：+ 27.21% 

• ERN: + 16.07% 

• DUCK: + 2.94% 
  

• HMSTR: + 2.75% 

• FLM + 1.72% 

• DGB: + 1.46% 

• OKB: + 1.184% 

• CATI: + 1.04% 

• ACT: + 0.56% 

 3. 24 H hot search currency

BTC: BTC plummeted this morning, hitting as low as 77,153.83 USDT.

Headlines

 BTC fell below 78,000 USDT

According to OKX market data, BTC fell below 78,000 USDT and is now trading at 77,952.6 USDT, down 6.26% in 24 H.

 ETH fell below 1600 USDT

According to OKX market data, ETH fell below 1,600 USDT and is now trading at 1,599.3 USDT, down 10.49% in 24 H.

The whale's 67,500  ETH position was liquidated at $1,650 and failed to cover the position

 According to Ember analysis, as the market fell, a giant whale's total 67,500 ETH (about $105 million) lending position was completely liquidated when ETH fell to around $1,650, further exacerbating the downward trend of ETH prices. The whale allegedly added 2,160 ETH as collateral at 1 a.m. to lower the liquidation line, but was eventually liquidated at around 6 a.m. to repay its $74.4 million DAI borrowing.

The ETH/BTC exchange rate fell below 0.02 this morning to a new low, down 7.02% in 24 hours 

 According to market data, the ETH/BTC exchange rate fell below 0.02 in this morning's decline and hit a new low since the beginning of 2020, hitting a low of 0.0198 at the lowest and now trading at 0.02015 , down 7.02 % in 24 hours.

SOL and ETH hit new 365-day lows

Odaily Planet Daily News OKX market data shows that SOL fell 13% in 24 hours and is now at $103.4, and ETH is down 13% in 24 hours and is now at $1564.6.

 The SEC will hold its second roundtable on crypto regulation on April  11 

 The U.S. Securities and Exchange Commission (SEC) will host its second roundtable on crypto regulation on April 11 from 1-5 p.m. ET on "Tailored Regulation for Cryptocurrency Trading."

Industry news

FTX may dismiss more than $2.5 billion in claims related to KYC non-compliance

 OTX will disqualify nearly 400, 000 customers from claims due to users failing to begin verifying their identities by the March 3 deadline, potentially leading to the cancellation of up to $2.5 billion in claims due to non-compliance with know-your-customer rules.
According to an April 2 filing in the Delaware Bankruptcy Court, 392,000 claims have been completely dismissed and deleted, covering up to 2,377 pages. Although the total unverified claims were initially estimated to be around $1 billion, creditor representative Sunil Kavuri said the actual amount could exceed $2.5 billion, including $655 million in small claims and $1.9 billion in large claims. These canceled claims are part of a total of $33.6 billion in disputed claims that FTX expects to dismiss. FTX said this process was critical to compensating for the previous management's failures in user data collection and due diligence. （DL News）

Project highlights

CZ conceives an AI social assistant X Agent to launch a personalized Tweet bot

Odaily CZ posted that it is working with BNB Chain developers to conceive an AI bot called "X Agent", which can simulate the user's style and tweet on the X platform. In the initial stage of the project, it will analyze users' historical tweets and popular trends to generate content that matches the tone of the individual, and in the future, it will support functions such as summarizing tweets, intelligent replies, and sentiment analysis. YZi Labs, the company, is interested in funding such projects and plans to monetize them using a BNB-denominated subscription model.

The Lens Chain mainnet is live

Odaily Lens Chain mainnet, an L2 network built for SocialFi, is launched, and the features provided by Lens are as follows: Lens Chain: Use GHO stablecoins as gas for scalable, fast, and low-cost transactions. Social protocols (Lens V3): Pre-built social primitives such as accounts and groups. These primitives are flexible and modular, and can be integrated into existing applications as separate features. Grove: User-controlled on-chain permissioned storage of content. Developer Dashboard: Manage applications, easily onboard users, and integrate without coding expertise.

Babylon: There will be no transfer lock-up limit for the tokens obtained from the airdrop

 In response to questions from early adopters on social media, Babylon said that early supporters airdrops cover: Bitcoin staking Phase 1 stakers, delegated Phase 1 finality providers, and contributors to specific open-source GitHub codebases, and all Phase 1 staking (whether accepted, overflowed, unbonded or withdrawn) will usually receive airdrop allocation, and the tokens obtained from airdrops will not be subject to transfer lock-up restrictions. In addition, Babylon confirmed that the Labs Points program was terminated on April 2.

Mind Network announced the details of the first airdrop of the token FHE 

Odaily Planet Daily News Mind Network, a fully homomorphic encryption (FHE) infrastructure, officially opened the FHE token airdrop query today, and users can now go to the official website to check the airdrop quota. The airdrop is open to five categories of users, covering CitizenZ Passport NFT holders, $vFHE delegates and mainnet participants, invitation events, AgentConnect Hub registrations, community contributors, and more. Officially, the airdrop aims to thank early supporters and active users for their contributions to the ecosystem, and promote the development of FHE technology and the Agentic AI ecosystem. According to the data, Mind Network has previously completed a $12.5 million financing, with investors including YZi Labs, Animoca and many other well-known institutions.

Web3 social app Phaver has ceased operations, and its token price has fallen 99% since TGE 

 According to DeFi researcher Ignas, Web3 social media app Phaver has ceased operations, and its token price has fallen 99% since the TGE in September 2024.
Phaver team members said that first, there were technical problems with TGE and airdrops, which caused users to be unable to claim in time, causing FUD; Second, Phaver paid more than $1 million for 5 CEX launches; Third, due to the sluggish market sentiment, the team did not sell tokens at TGE, resulting in insufficient working capital. As a Finnish company, Phaver also pays employees 1 to 2 months of severance pay.
Some of the former team members are developing SocialDAO to find new uses for the SOCIAL token.

Neon Machine , the developer of the crypto shooter "Shrapnel", has been revealed to be in financial trouble

Neon Machine , the developer of the crypto shooter Shrapnel, is facing serious financial difficulties. So far, the company has accumulated nearly $86.9 million in working capital, and its 2024 revenue is $21.7 million, but the high operating costs of about $33 million have kept it unprofitable, with a net loss of $11.4 million.
Neon Machine, which burns up to $2 million to $3.5 million a month, is currently running out of cash, has a lot of outstanding debt, and owes millions of dollars to external vendors, according to sources. Neon Machine's new round of funding, which was originally scheduled to close in early 2025, also failed to materialize. Previously, the company had closed a $20 million Series A funding round in October 2023, led by Polychain Capital.
Not only that, but the company's staff has plummeted from nearly 100 at its peak to just a dozen remaining, and only a handful of people are actually involved in the development of Shrapnel. To extend cash flow, the company has implemented at least three rounds of layoffs and asked high-paid employees to voluntarily take a pay cut of about 20%.  The Seattle-based office space was also closed at the end of March.
Despite this, the company claims to be "at its strongest ever" and plans to launch Shrapnel globally by the end of 2025. But multiple people close to Neon Machine are skeptical that the game will go live, saying the project is not yet complete and funding has run out. （Blockworks）

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CZ: Meme should not be the only thing in the cryptocurrency circle, but should support long-term builders

Odaily Planet Daily News CZ said at the BNB Super Meetup that Meme should not be the only thing in the currency circle, and the current community mentality is not very healthy, and the currency circle needs long-term construction projects, and long-term builders should be supported.

GMGN Co-Creation: GMGN earned $60 million on Solana , and one did not sell all of the pledges

Odaily Planet Daily News GMGN co-creator Haze said at the Hong Kong web3 carnival that GMGN earned $60 million worth of Solana on Solana, but not sold all the pledges. Before founding GMGN, it took 4 years to work on on-chain data. These include connecting on-chain addresses to Twitter, rat bin analysis, and on-chain address tags. Today, trading Solana meme coins with GMGN takes only 0.58 seconds from on-chain to the end of the transaction, and Solana's average block time is 0.4 seconds.

Trader Eugene: The BTC position that bought the bottom last Friday has been liquidated in today's decline

Odaily Planet Daily News Well-known trader Eugene Ng Ah Sio posted on his personal channel that his BTC position (which had been reduced) opened by buying the bottom last Friday has been automatically liquidated due to falling below the stop loss price in today's decline.
On Friday, Eugene said that Bitcoin's support level is very strong, and the relative strength of Bitcoin cannot be ignored when the market crashes. I have opened a position at $83,200 and believe that the bottom of the S&P 5,100 is credible, and any stock market recovery will theoretically fuel Bitcoin's surge.