Daily Report | Elixir launches a website for checking empty investment qualifications and synchronously publishes token economics; Bitwise launches Europe's first Bitcoin and gold mixed ETP product BTCG
March 6 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- Elixir launches airdrop eligibility verification website and simultaneously releases token economics, 41% will be allocated to the community
- Bitwise launches Europe's first Bitcoin and gold mixed ETP product BTCG
- Binance bans users with Nigerian IP addresses from participating in its airdrop activities
- Bitwise CEO confirms that David Sacks, AI and crypto director at the White House, has sold his stake in the company
- New Hampshire Bitcoin bill passes House committee with overwhelming support
- Hong Kong Legislative Council member Wu Jiezhuang: Hong Kong does not have an official currency
- Zhao Changpeng: AI and AI agents may become trends in the next decade, but the specific form is still hard to predict
"What important events have occurred in the past 24 hours"
According to official news, Elixir has launched the ELX airdrop eligibility verification website. The official token economics release includes the following allocation plan:
1) Community allocation 41%: of which 8% is allocated for the first season airdrop, 21% for future airdrops and LP incentives, and 12% for public network security rewards. All unlocked tokens cannot participate in staking.
2) Foundation allocation 22%: for future ecological donations and rewards.
3) Liquidity allocation 3%: this is reserved for market makers and other LPs in CEX and DEX.
4) Early investor allocation 15%.
5) Core contributor allocation 19%.
Elixir was established in 2022 and is a modular DPoS liquidity network that allows anyone to provide liquidity directly to the order book, bringing liquidity to long-tail crypto assets and allowing exchanges and protocols to guide their ledger liquidity.
Bitwise launches Europe's first Bitcoin and gold mixed ETP product BTCG
Asset management company Bitwise launched a Bitcoin and gold tracking exchange-traded product (ETP) on March 6 at the pan-European exchanges in Paris and Amsterdam.
The product, named Bitwise Diaman Bitcoin & Gold ETP (BTCG), replicates the Diaman Bitcoin and Gold Index, which dynamically reallocates value between BTC and gold based on Bitcoin's risk-adjusted performance to leverage the cyclical trends between risk appetite and risk aversion in financial markets.
Binance bans users with Nigerian IP addresses from participating in its airdrop activities
Binance has banned users with Nigerian IP addresses from participating in its airdrop activities. Nigerian cryptocurrency users have reported that they are unable to access Binance's Web3 task platform due to ongoing disputes between the government and Binance, which previously allowed users to earn free cryptocurrency by completing simple social tasks.
Binance has over 380,000 active users in Nigeria. This is the latest restriction following last year's ban on Nigerian users accessing the peer-to-peer trading platform and the delisting of the digital version of the Nigerian Naira. These restrictions stem from legal disputes between Binance and the Nigerian government, which accuses Binance of causing the Naira's depreciation.
According to Bitwise CEO Hunter Horsley's post on social media X: "White House AI and cryptocurrency director David Sacks and Craft invested in Bitwise's seed round in 2017. Over two months ago, David told me they had to withdraw their investment from Bitwise.
We worked with David and the Craft team to coordinate and complete the sale of David's Bitwise 10 shares and Craft's equity in our company. They did not want to sell—they were early believers in Bitwise and our mission.
But David is doing public service, putting the country first. Under the leadership of a talented and well-informed leader like David, I have never been more optimistic about cryptocurrency in the U.S. than I am now."
New Hampshire Bitcoin bill passes House committee with overwhelming support
The New Hampshire House Business Committee passed the Bitcoin reserve bill (HB302) with a vote of 16 to 1, and it will now move to the full House for a vote. If ultimately passed, the state treasurer will be authorized to invest 5% of the state fund in digital assets, which currently only Bitcoin meets the bill's requirement of a $500 billion market cap.
The bill was proposed by Republican representative Keith Ammon and received support from two Democratic representatives. After amendments, it removed stablecoin and staking options, reducing the investment cap from the initial 10% to 5%. The state treasurer has indicated that they will consider investing if the bill passes.
This development coincides with President Trump's announcement to establish a national-level cryptocurrency strategic reserve, which experts predict may primarily consist of Bitcoin. Currently, several states, including North Carolina and Texas, are also advancing similar bills, indicating an accelerating trend in state-level Bitcoin legislation in the U.S.
Hong Kong Legislative Council member Wu Jiezhuang: Hong Kong does not have an official currency
Hong Kong Legislative Council member Wu Jiezhuang stated, "Hong Kong does not have an official currency. Some citizens and Web3 practitioners have inquired about someone impersonating the Chief Executive on the X platform, posting about launching the Hong Kong Coin on the Solana chain (launch of the National Hong Kong Coin). The government has clarified that this information is not true and is a deliberate scam. Citizens should be cautious and not be misled by scams."
Earlier news indicated that the X account of Hong Kong Chief Executive John Lee was suspected to have been hacked, posting content related to tokens.
Binance founder Zhao Changpeng, in response to the question of whether AI agents might become a trend in the next decade, stated, "AI, yes. AI agents, very likely. Any specific AI agent, I don't know. I'm not sure if AI and AI agents will be defined differently in 10 years. Terms will change over time. The 'cryptocurrency industry' was once the 'blockchain industry,' and before that, it was the 'Bitcoin industry.'"
"What interesting articles are worth reading in the past 24 hours"
The specific agenda and discussion topics of the summit remain shrouded in mystery. This article will summarize current market predictions for the meeting's content and explore important policy trends.
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IOSG founder's new article: From Hong Kong to Denver, Ethereum is entering its "Dunkirk moment"
Optimists are often right; in the most difficult and tumultuous phases, one should maintain confidence and optimism.
Tokens have achieved true digital ownership.
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A surge of applications for altcoin ETFs, is the ETF 2.0 era about to arrive?
Following the SEC's confirmation of several traditional U.S. giants' applications for ETFs for LTC, DOGE, SOL, and XRP in February this year, favorable policies and relaxed SEC regulations have led to frequent updates on altcoin ETFs this week.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of March 6, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: LINK, ITWT, ONDO, SBR, BRS
In the past 24 hours, the top five popular Solana tokens are: PIPE, YODA, KAIREN, WILDNOUT, ORANGELAD
In the past 24 hours, the top five popular Base tokens are: SKITTEN, BRAIN, VIRTUAL, FABIENNE, SNEK
