【4/5(Sat)~7(Mon)Top 10 Major web3 News】Circle IPO possibility plummets due to Trump tariffs / Bitcoin drops over 3% in 2 hours / Startale Group reinvests "Soneium" sequencing revenue into "ASTR", etc
A 5-minute commentary on today's major news!
Hello.
Mitsui from web3 researcher.
This is a summary of the major news stories of the last 24 hours.Please use it to stay informed.
Conor McGregor-backed crypto token fails to launch, raising only 39% of $1 million pre-sale minimum
Bitcoin falls more than 3% in two hours to below $80,000, cryptocurrency market falls.
Blur's Decline Fuels OpenSea's Market Share Surge as NFTs Overall Struggle
DeFi revenue plunges in March as on-chain activity slows
Ethernet transaction fees fall to all-time low as trading volume remains steady
US SEC Clarifies Definition of Stablecoin.U.S. Dollar-Linked Stablecoins are "Non-Securities".
OKJ partners with AI Fusion Capital G to support crypto asset distribution with shareholder benefits.
Startale Group reinvests "Soneium" sequencing revenue into "ASTR"
🏦Polymarket, Circle IPO chances plunge amid Trump tariff frenzy
The likelihood of USDC Stablecoin issuer Circle conducting an initial public offering this year has dropped by up to 25% on Polymarket
Expectations that Circle's IPO would happen this year peaked at 96% earlier this week when the company filed its prospectus, but since then, President Trump's tariffs have rocked the market and caused some companies to reconsider their IPOs.
💥Conor McGregor-backed crypto token fails to launch, raising only 39% of $1 million pre-sale minimum
Real World Gaming DAO and the token launched by MMA superstar Conor McGregor raised only $392,000 during the 28-hour presale period, failing to reach the $1,008,000 minimum required for launch
DAO announced shortly after the end of the presale period that all bids would be paid back
Token Launch Failure Shows Market Turning Away from Celebrity-Backed Tokens as Cryptocurrency Market Struggles and Meme Coin Trading Volume Continues to Decline
📉Bitcoin falls more than 3% in two hours to below $80,000, cryptocurrency market falls
Bitcoin prices fell below $80,000 on Sunday as the cryptocurrency market experienced a significant drop amid macroeconomic uncertainty caused by US President Trump's tariff announcement
The GMCI 30 index of the top 30 cryptocurrencies on the block fell more than 6% in the past 24 hours as cryptocurrency markets declined ahead of the reopening of international stock markets on Monday
The ratio between the price of BTC and ETH also fell to a five-year low
🖼️Blur's decline has helped OpenSea surge in market share as NFTs in general struggle.
Over the past three months, the overall NFT market has suffered a severe decline, with both OpenSea and Blur experiencing significant declines in transaction volume, highlighting the struggles of the industry as a whole
OpenSea's "resurgence" in terms of market share is not due to the strong performance of the OpenSea protocol itself, but to the fact that its main competitor, Blur, is underperforming at a relatively competitive level
👀DeFi revenue plunges in March due to slowing on-chain activity
Most major DeFi protocols - Solana, Ethereum, and BNB Chain - saw revenues drop more than 50% in March, reflecting an overall slump in on-chain activity and transaction volume
MakerDAO was the only major DeFi protocol to record revenue growth, but DeFi tokens are struggling, with the GMDEFI index down 40% since the beginning of the year
🟦Ethernet transaction fees fall to all-time low as trading volume remains stable.
EIP-4844 and expanded adoption of Layer 2 have brought Ethereum's transaction fees down to an all-time low, reducing costs for users while maintaining stable trading volumes
For users, significantly lower fees improve accessibility and lower barriers to entry, potentially expanding Ethereum's usefulness for day-to-day trading and smaller DeFi operations that were previously too costly.
However, for validators, the decline in fee revenue raises questions about long-term economic security, as networks will increasingly rely on ETH issuance rather than transaction fees to encourage validation
Ethereum's price performance is also struggling amidst these efficiency gains, and will be significantly below Bitcoin by 2025
📣US SEC clarifies stablecoin definition.U.S. Dollar-Linked Stablecoins Are "Non-Securities"
SEC Issues Statement on April 4, 2011, Taking an Official Position on "Stablecoins"
The SEC stated that "covered stablecoins" that are pegged 1:1 to the U.S. dollar and backed by exchangeable legal tender or high liquidity assets are considered "non-securities" and are not subject to transaction reporting requirements.
The "covered stablecoins" covered in this case are crypto assets intended for payment, remittance, and value preservation, and are fully backed by real reserves or short-term, low-risk, high-liquidity financial instruments.
The issuer is prepared to accept redemption requests at any time, and the bonds must be issued and redeemed at a 1:1 ratio to the U.S. dollar
🩸EigenLayer activates mainnet thrashing on April 17.
EigenLayer will start thrashing to operators that operate nodes and validate transactions.
This penalizes operators for providing poor service or acting in bad faith
Once thrashing is enabled, users must wait 14 days before withdrawing restaked tokens to allow AVS sufficient time to verify and thrash pending withdrawals as necessary
🐦⬛OKJ partners with AI Fusion Capital G, supports crypto asset distribution with shareholder benefits
OKJ-operated OKCoin Japan announced on April 7 a business partnership with AI Fusion Capital Group (AIF), a TSE Standard-listed company that purchased 100 million yen of bitcoin on March 13.
The partnership was formed to improve business performance through AIF's business activities in the fields of AI and crypto assets, and to introduce a "shareholder benefit program (crypto asset distribution)" as part of the program.
The contents of the alliance include "joint research and technical cooperation on the use of Web3 technology," "information sharing and provision of know-how on the crypto asset investment business," "market trend research and strategic cooperation," and "other matters agreed upon through discussions between the parties.
In introducing the "Shareholder Benefit Program (distribution of crypto assets)," OKJ will provide AIF with a highly convenient environment for shareholders to receive crypto assets for distribution and a secure cold wallet storage system after receipt.
🧵Pickup:Startale Group reinvests "Soneium" sequencing revenue in "ASTR"
🌱 News Overview
Startale Group has begun reinvesting a portion of the revenue generated from the sequencing operations of Soneium, the Ethereum Layer 2 blockchain it co-developed, in Astar Network's native token, ASTR.
📗 Assumptions
About Startale Group:Startale Group is the developer of Astar Network and a research and development company for Web3 technology.
What is Soneium:Soneium is a joint venture between Startale Group and Sony Group, Sony Block Solutions Labs (SBSL), an Ethereum Layer 2 blockchain jointly developed by the Startale Group and Sony Group.
What is a sequencer:In a Layer 2 solution, the sequencer is the component responsible for collecting, ordering and processing transactions.
What is ASTR token:ASTR is the native token of Astar Network and is used to pay transaction fees within the network.
👀 注目すべき点、詳細解説
Purpose and Significance of Revenue Reinvestment
Startale Group is pleased to announce that it will be reinvesting aBy reinvesting a portion of the proceeds from Soneium's sequencing operations in ASTR tokens, the Startale Group is demonstrating its long-term commitment to the Astar Network.This is not a temporary token buyback, but a strategic effort to align the growth of the Soneium ecosystem with the Astar Network, increasing the ecosystem value of both.Sequencer Revenue Structure
Sequencer receives fees from users for transaction processing in the Layer 2 network.The sequencer receives a fee from the user for processing a transaction in the Layer 2 network.The remainder of this fee, less the cost of transmitting data to Layer 1 and other costs, is the revenue that is distributed to the infrastructure operators.Soneium's sequencing revenue is operated by SBSL and is also distributed to Startale Group.
📈 Future forecast
Ecosystem synergies
As more dApps are built and NFTs issued on Soneium, the number of transactionsSequencing revenues will also increase as the number of transactions increases.This will also increase the amount of money reinvested in ASTR, and is expected to create a mutually reinforcing cycle for the Astar Network and Soneium ecosystems.Long-Term Market Impact
This effort will strengthen cooperation between blockchain projects and the token economyand could serve as a model case study for the sustainability of the token economy.We anticipate that other projects will expand to strengthen the ecosystem through reinvestment of revenues.
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
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The author is a web3 researcher based in Japan. If you have a project that is interested in expanding to Japan, please contact the following:
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*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.