TokenInsight

Ark Invest uses a new experimental approach to predict that by 2030, the price of Bitcoin in a bull run could reach $2.4 million, which is much higher than the previous prediction of $1.5 million. The report also mentions price forecasts under different market scenarios, as well as modeling of the rise rate and market models. Analysts point out that Bitcoin plays different roles as digital gold under various market conditions, and the use of Bitcoin in emerging markets is also an important factor. The study highlights the importance of Bitcoin's scarcity and the significance of lost supply in valuation models.

The supply of USDC is rapidly rising, with increasing attention on regulatory transparency and institutional appeal. Ethereum is the primary chain for stablecoins, and USDC, due to its regulatory transparency, attracts institutional investors, accelerating its growth. USDT still dominates the market, but under the influence of regulatory entities and Decentralized Finance protocols, institutions are leaning more towards USDC, indicating a shift in market preference. The development of USDC is related to Circle's IPO plans, which may further solidify its position as the preferred stablecoin for institutions.

Eliza Labs has launched a new platform called auto.fun, similar to the launch platform pump.fun, allowing users to deploy complex AI agents without any technical skills.
To support these agents, auto.fun adopts a token launch mechanism that is "fairer than fair," aimed at promoting a sustainable economy.
auto.fun platform overview
Eliza Labs' auto.fun platform aims to create, deploy, and monetize AI agents through a "sustainable" token economy. The platform enables non-technical users to access complex Web3 operations, providing a no-code builder that allows anyone to create autonomous AI agents capable of performing tasks on social media platforms, DeFi applications, and other Web3 services. This approach is in line with pump.fu.

Canada is set to launch its first Spot Solana ETF, which will offer staking features, expected to be listed on April 16. U.S. asset management firms are also competing to submit Solana ETF applications. Previously, Volatility Shares launched two Solana futures ETFs, but they managed less assets. The performance of Solana ETFs in the U.S. has been poor, and the issuance in Canada will trigger competition among alternative tokens.

The Floor Price of the Bitcoin NFT Quantum Cats has sharply fallen after the Taproot Wizards minting incentives ended, with a decline of 54% compared to the relative stability of other Bitcoin NFTs like NodeMonkes and Bitcoin Puppets. The Taproot Wizards minting event provided discounts that stimulated the holders of Quantum Cats, but after the minting ended, it lost momentum, leading to sales. This event brought the price of Quantum Cats closer to its peers, ending a long-standing premium.

Teucrium Investment Advisors LLC has launched the first XRP-based exchange-traded fund (ETF) in the United States, named Teucrium 2x Long Daily XRP ETF (XXRP). Although the SEC is still reviewing applications for other Spot XRP ETFs, approval is expected to be possible this year. Ripple's settlement with the SEC paves the way for the approval of the XRP ETF. However, the demand for Spot XRP ETFs remains uncertain. The price of XRP is $1.91, with a rise of 0.64% in the past 24 hours.

The overall volume of the Ethereum NFT market has severely declined over the past three months, with significant decreases in trading volume on OpenSea and Blur. The recovery of OpenSea's market share is mainly due to Blur's poor performance. Although OpenSea's recent market share has risen to 51%, the overall industry is performing poorly, and OpenSea's "victory" should not be overly emphasized.

Source: The Block
0xbow has announced the launch of a new tool designed to help users protect their on-chain privacy while complying with the law.
The tool is called "Privacy Pools," inspired by a research paper co-authored in 2023 by Vitalik Buterin and other security experts.
A group of cryptographers, including Ethereum veterans Ameen Soleimani and Zak Cole, has launched this new tool to enhance on-chain privacy. According to an announcement on X, the first proposal for a privacy pool was introduced in 2023 and officially went live on the mainnet on Monday.
The privacy pool is a mixed network system that utilizes zero-knowledge proofs and "Association Set Providers".

Source: The Block
Ethereum developers successfully deployed the Pectra upgrade on the Hoodi testnet on Wednesday.
There were issues during the tests on Holesky and Sepolia, with configuration errors leading to network instability.
Ethereum developers have activated the Pectra upgrade on the Hoodi testnet, which is part of a systematic approach taken by Ethereum to achieve a stable mainnet deployment.
This move may be the last test before the planned deployment to the Ethereum mainnet in the second quarter of this year.
Hoodi is a new test network launched by Ethereum developers on March 17, specifically designed to ultimately test the Pectra upgrade after encountering issues on the previous Holesky and Sepolia test networks.
The developers pointed out that Hoodi successfully forked.

Pump.fun has launched the local decentralized exchange PumpSwap, abandoning the migration to Solana's Raydium, saving 6 SOL in migration fees. A fee of 0.25% is charged for each transaction, of which 0.2% is paid to liquidity providers. PumpSwap aims to drive ecosystem growth through accessible, rewarding, and sustainable mechanisms. Raydium is one of the largest DEXs on Solana, with a total value locked of $1.18 billion.

The total market capitalization of stablecoins has surpassed $230 billion for the first time, mainly driven by support and promotion from the US government and regulatory agencies. Tether's USDT and Circle's USDC dominate the market share. There was a fall in the second half of 2022, but it rebounded with increased institutional participation. Trump has called for stablecoin legislation, and the executive director expects the legislation to be completed in the coming months. The regulatory framework includes 1:1 backing and anti-money laundering measures. Experts state that stablecoins will become the primary mechanism for internal company and cross-border payments.