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Base's TVL Surpasses $3.2 Billion | Cryptocurrency Trends

Tommy, Bitget Research
2024/04/01
Base's TVL Surpasses $3.2 Billion | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Binance CEO Richard Teng visited South Korea in an attempt to communicate with South Korea's financial authorities to resolve the issue regarding Gopax's entry into the South Korean market.
  • Coinbase Derivatives has delayed the launch of Dogecoin (DOGE) futures contracts to April 29. Initially, the exchange had announced plans to introduce monthly cash-settled futures contract trading for Dogecoin, Litecoin, and Bitcoin Cash on April 1.

2. Cryptocurrency Trends:

  • CME FedWatch: The probability of the Fed keeping interest rates unchanged in May is 95.8%, and the probability of keeping interest rates unchanged by June is 36.4%.
  • Stakestone, a full-chain liquidity infrastructure, has launched staking mining on March 30. The deposit limit is set at 200,000 STONE and its TVL surpassed $49 million within just five minutes of opening for staking.
  • UniSat has been upgraded to v1.2.10 to support 5-byte BRC20 and enhance BRC20 display.
  • On March 31, Pendle's TVL reached a new all-time high of $3.4 billion, while PENDLE broke through 5.1 USDT, also setting a new all-time high.
  • On March 31, Base's TVL surpassed $3.2 billion, up 62.69% in 7 days.
  • Bitget Wallet has been connected to the Degen Chain mainnet. Users can search for and add the network with one click. Additionally, Bitget Wallet's DApp zone now offers support for Degen Chain cross-chain bridge, DEX, market tools, and other features.

3. Financing Trends:

  • According to The Block Deals Dashboard, the total funding for crypto or blockchain companies surpassed $1.4 billion for the month of March, the highest level since September 2022.
  • Merkle Manufactory, the developer behind Farcaster, is on the verge of reaching a valuation of $1 billion in its latest funding round led by Paradigm.
  • Arrow Markets, an options trading platform based on Avalanche, has successfully completed a $4 million Series A funding round with participation from Framework Ventures, Delphi Ventures, the Avalanche Blizzard Ecosystem Fund, and others.
  • Mystiko.Network, the base layer of Web3, has completed a $18 million seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, and others.
  • Modular blockchain Sophon raises $10 million in a funding round with participation from OKX, SevenX, and others.

4. Regulatory Trends:

  • CFTC Commissioner Caroline Pham said that CFTC's charges against KuCoin may infringe on the duties of the SEC.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.