Evening News | CryptoPunks floor price breaks $100,000, hitting a new low since June last year; approximately 1.43 million FXS unlocked recently

Organizer: Xiangxiang Xi, ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. Ethereum Cancun Upgrade Expected to Occur Later This Year

During a meeting of Ethereum core developers on Thursday, developers stated that they are preparing for the next upgrade of Ethereum, which will involve code modifications to the blockchain's consensus layer. This upgrade is referred to as "Cancun-Deneb," and it is expected to take place later this year.

The most significant change anticipated in the Ethereum Cancun upgrade will be Ethereum Improvement Proposal EIP-4844, also known as "proto-danksharding." EIP-4844 aims to enable temporary storage and retrieval of off-chain data through Ethereum nodes to meet the data and storage needs of blockchain applications. If successfully activated, EIP-4844 is expected to reduce transaction costs for Layer 2 solutions, including Optimism and Arbitrum.

Additionally, EIP-4844 has already been tested on four development networks. During the conference call, developers announced that a fifth test network would be launched this Friday. (Source link)

2. Data: Tether Has Issued an Additional $15 Billion USDT Since the Beginning of This Year

Data from Blockworks Research shows that Tether's stablecoin market share has reached 63%, the highest point in two years. Furthermore, the market capitalization of USDT hit $81.5 billion on Thursday, marking the highest level since May 2022, and is currently $2 billion short of its historical peak of $83.4 billion.

Data also indicates that Tether has issued an additional $15 billion USDT since the beginning of 2023. However, most USDT currently exists on the Tron blockchain (over $45 billion), accounting for more than half (55.4%) of the total supply. (Source link)

3. CryptoPunks Floor Price Drops Below $100,000, Hitting a New Low Since June 2022

According to data from NFT Price Floor, the floor price of CryptoPunks has fallen below $100,000. The current floor price is 49.5 ETH (approximately $91,800), the lowest price since June 2022. (Source link)

4. Telegram Wallet Now Supports User Transactions for Bitcoin

Telegram users can now buy, withdraw, and exchange Bitcoin (BTC), a feature developed and provided by a third party.

On April 21, the Telegram wallet bot @wallet announced that users can now directly purchase, withdraw, trade Bitcoin, and conduct Bitcoin P2P transactions through its updated web interface.

It is important to note that the wallet bot and similar services are created by third-party developers using Telegram's open bot API, rather than being developed by Telegram itself. (Source link)

5. Twitter Has Launched a Paid Subscription Feature, No Revenue Share for One Year

According to a tweet screenshot posted by Twitter user @BroLeonAus, Twitter has launched a paid subscription feature, allowing users to view paid content from creators after subscribing. After subscribing, users will receive a public subscription badge. This paid subscription system was implemented on April 20.

Previously, on April 13, Reuters reported that Musk announced Twitter would open the paid subscription feature to users, covering long texts and long videos. During the first 12 months of service, content publishers will receive all subscription revenue minus mobile platform fees (30% cut from iOS or Android stores), with Twitter not taking any cut. The web version allows creators to retain 92% of the revenue. However, Google rejected Musk's claim, stating that it has reduced the service fee for all subscriptions on Google Play from 30% to 15%. (Source link)

6. Lookonchain: Approximately 1.43 Million FXS Unlocked Recently, Worth $11.7 Million

According to monitoring by Lookonchain, approximately 1.43 million FXS (worth $11.7 million) have recently been unlocked.

Among them, a whale address starting with 0x322a unlocked 680,465 FXS (worth $5.6 million) yesterday and currently holds 792,593 FXS (worth $6.43 million). Additionally, a total of 746,925 FXS (worth $6.1 million) have been unlocked for private investors in the past three days. Among them, Dragonfly Capital holds 787,037 FXS (worth $6.46 million), and frax-ape.eth holds 294,751 FXS (worth $2.42 million). (Source link)

"What Interesting Articles Are Worth Reading in the Last 24 Hours"

1. "a16z: 7 Tips to Avoid Token Design Flaws"

Many teams strive to find the "right" token design for their projects. However, the industry lacks tested design frameworks, leading future teams to face the same challenges as their predecessors. Most effective token models have unique elements tailored to their goals, while most flawed token designs share common bugs. Therefore, this article discusses why we should consider research and design for tokens, not just "token economics," and lists seven "pitfall avoidance" tips.

2. "Solana: The Rise and Fall of a 'King Chain'"

This article is compiled from a podcast released in January 2023 by Mable, the Chief Revenue Officer of STEPN and former partner at Multicoin Capital. As an investment firm heavily invested in Solana, Multicoin Capital's fortunes have risen and fallen with Solana. The intricate ties between Solana and FTX may be one of the reasons for its success, but they are not guaranteed. Through this article, we will review the ups and downs of this king chain. Perhaps one day, the Solana public chain will regroup and sail back into the battle of the strong.

3. "The Unique Advantages, Ecosystem, Token Model, and Investment Value of the Sui Public Chain"

The public chain project Sui is set to launch its mainnet on May 3, and the native token SUI, which was previously sold through cryptocurrency exchanges, will also be unlocked during the mainnet launch. The community has reacted strongly to the claim that "SUI tokens will not be airdropped." Is participating in SUI tokens worthwhile? This article will analyze the Sui public chain from multiple dimensions and interpret the investment value of the SUI token IEO.