Odaily News Metabit Network recently announced the successful completion of a new round of strategic financing of US$10 million. The investor has not yet been disclosed. Officials said that the company will use this funding to promote Metabit Networks innovation and development in the field of blockchain technology. Metabit is a blockchain platform based on the hybrid consensus mechanism PoAS, which allows different nodes to play different roles, providing physical operation networks, verification, packaging settlement, storage and bandwidth. On top of this architecture, Metabit v2.0 stage transitions to an AI-based multi-dimensional intelligent architecture, connecting with todays rapidly developing AI ecosystem. Provide high-performance infrastructure for large-scale commercial applications and change the Web3 ecosystem. The Metabit Network team said: This strategic financing provides strong support for our continued innovation, enabling us to achieve technological breakthroughs and market expansion faster. We will continue to be committed to providing users with excellent blockchain services and promoting progress in the entire industry.

Odaily News The Block data shows that the DEX/CEX spot trading volume index reached 14.55%, a record high. Note: This indicator represents the ratio of spot trading volume of decentralized exchanges to centralized exchanges.

Odaily News Wang Long, chairman of the Greater Bay Area Financiers Association, pointed out in an article published in Ta Kung Pao that although Hong Kongs virtual asset ETF market is still in the development stage compared to the United States, it has established a mature structure, including exchanges, market makers, primary and secondary custodians, etc. In April this year, the Hong Kong Securities Regulatory Commission approved 6 and 14 virtual asset spot ETFs, including Hong Kong dollars, US dollars, and RMB categories, which are limited to trading on trading platforms holding Hong Kong Securities Regulatory Commission licenses. In summary, the development of Web3 DeFi is optimistic. For example, the development of RWA is predicted to exceed 10 trillion US dollars. The reason for optimism is that although there are some financial instruments in the real world, such as pledges, derivatives, and swaps, these instruments cannot effectively solve the problem. The development of RWA aims to introduce more stable and diversified financial products by leveraging decentralized technology to provide more robust returns and reduce the cost of holding funds in virtual assets. The introduction of RWA will help enrich the financial instruments in the virtual world, meet the huge financial needs in the real world, and provide new market opportunities for financial practitioners. Nowadays, more and more global investors are paying attention to how to invest in virtual assets. The United States and Hong Kong have also approved the listing of virtual asset ETF funds, and the scale of investment has also increased rapidly. Decentralization appears to be opposed to the centralization of traditional financial infrastructure architecture, but in fact they are unified. Blockchain finance has been developed for more than ten years. Now many traditional financial institutions are paying attention and learning. In the future, the application of traditional finance based on blockchain decentralization will become more and more in-depth, and the application of DeFi will become more and more abundant.

Odaily News According to Lookonchain monitoring, the meme coin WHY on BNB Chain hit a new high, with a liquidity of $18 million and a FDV of $129 million. A newly created wallet withdrew 321 BNB ($186,000) from Binance today and purchased 628.3 billion WHY at an average price of $0.0000002944.

Odaily News According to the latest Global System for Mobile Communications (GSMA) research report, the success of artificial intelligence (AI) in Africa depends largely on the availability of local language data and addressing the AI skills gap. The report urges African countries to prioritize investment in specific fields and local language data, and also recommends adopting participatory data collection methods to overcome obstacles that hinder the development of artificial intelligence. (Bitcoin.com)

Odaily News WazirX co-founder Nischal said in a post on X that the fastest way to reopen the platform for operation is to socialize the losses of the entire crypto portfolio. INR wallet balances will not be affected. This partial lock only applies to the crypto portfolio balance. This is the first phase, and everyone can access a portion of the cryptocurrency portfolio. In the second phase, the team will work on recovery, which will include recovering stolen assets, finding partners and external help, airdrops/new token use cases, etc. We are also considering how to fill this gap with the future profits of the exchange if we can grow the business. It takes a long time to recover such a large amount. By socializing the losses, as other affected exchanges have done in the past, we will be able to open the platform to everyone faster. With the continued support of users, we will be able to: 1. Restart operations; 2. Carry out recovery work through various methods. Earlier today, WazirX released an update on the recent security incident: In order to facilitate the management of users remaining assets, we will provide two options, each with specific benefits and conditions. 55% of users crypto assets will be available for trading and/or withdrawals (depending on the option selected by the user), while the remaining 45% will be converted into USDT equivalent tokens and locked.

1. Yesterday, the U.S. Ethereum spot ETF had a net outflow of $163 million, and BlackRock ETHA had a net inflow of $87.3 million; 2. U.S. Senator Cynthia Lummis did not announce the draft legislation for the strategic reserve of Bitcoin at the Bitcoin Conference; 3. Yesterday, the U.S. Bitcoin spot ETF had a net inflow of about $52 million; 4. Robert Kennedy Jr.: Trump may announce a strategic reserve plan of 1 million Bitcoins at the Bitcoin Conference; 5. 10x Research CEO: Traders will not short Bitcoin this weekend because of speculation that Trumps speech will push up prices; 6. WazirX released a user compensation plan: 55% of assets are used for trading or withdrawals, and 45% are converted to USDT equivalent tokens and locked; 7. QCP Capital: ETH performed poorly after the launch of the Ethereum spot ETF, which may be affected by factors such as lack of pledge; 8. BlackRock IBIT and Fidelity FBTC are among the top 10 ETFs in terms of capital inflows this year, with the highest return rate; 9. Jupiter Lianchuang: The voting on the proposal to reduce the supply of JUP will start next week and reach a final conclusion; 10. Gemini Lianchuang called on the US government to nominate the next chairman of the SEC before the election; 11. Eclipse: The mainnet will be launched next week and there is no pre-registration. Beware of related scams; 12. OneMedNet, a US listed company, bought $1.8 million worth of Bitcoin; 13. Aleo announced that Prover Incentives II has ended and announced the final data.

Odaily News According to The Data Nerd, 11 hours ago, ONDOs early investors deposited 1.33 million ONDO (US$1.33 million) into Bybit. These tokens were vested in the past 4 months.

Odaily News Eclipse posted on X that the Eclipse mainnet has not yet been launched and there is no pre-registration. Please do not click on any suspicious links. Earlier in March, Eclipse Labs announced the completion of a $50 million Series A financing round, led by Placeholder and Hack VC, with a total financing amount of $65 million. This round of financing also attracted participation from investors such as RockTree Capital, Polychain Capital, Delphi Digital, Maven 11, DBA, Apollo-managed funds, Fenbushi Capital, ParaFi Capital, and strategic investments from Flow Traders, GSR, Auros, and OKX Ventures.

Odaily News Base Ecosystem Chain Game Fren Pet posted on X that the team is making major updates to the game, token economics, incentive mechanism, and user experience design, and will launch some new features in the next 10 days. For the biggest changes, such as incentives and in-game token economics, the team will first develop a detailed proposal to get feedback from the community.