Bitcoin Development Team's BitcoinDev Mailing List Gets Google 'Permanently Removed'
On April 3rd: The Bitcoin developer Ruben Somsen stated in a post that the email list of the BitcoinDev development group was removed by Google "permanently." Ruben had previously said, "As far as I know, no inappropriate content has been posted."
Later, an update mentioned, "It turns out that we did receive more information, but it was put in the spam folder (how ironic). It seems that we have indeed been 'permanently' removed. What was our mistake? We were regarded as 'unwanted content.' Really, Google? Is open-source development 'unwelcome'? It seems that we have to migrate again."
The Block CEO Jack Dorsey retweeted a tweet in support of Ruben Somsen and raised questions to Google CEO Sundar Pichai.
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MAGIC 24-hour Price Change -7.46%, Market Cap Drops Below $30 Million
On April 3rd, based on HTX market data, MAGIC has witnessed a 7.46% decline in the past 24 hours. It is currently trading at $0.097, and the market capitalization has shrunk to $29.18 million.
Previously, John, the Chief Contributor of the blockchain gaming ecosystem Treasure DAO, announced that due to the deteriorating financial situation, they are undergoing a restructuring process and will be ceasing game operations and Treasure Chain.
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Treasure is facing a financial crisis and will undergo restructuring, leading to the termination of game operations and Treasure Chain.
On April 3rd, John, the chief contributor of the blockchain gaming ecosystem Treasure DAO, announced that due to the deteriorating financial situation, a restructuring would be carried out, resulting in the termination of game operations and Treasure Chain. Documents indicated that the annual operating expenses reached as much as 8.3 million USD, while the current treasury only held 2.4 million USD and was originally projected to last only until July 2025.
The chief contributor John resumed a leadership role and disclosed that the team had once reached a size of 40 people, with an annual personnel cost of 6.1 million USD and infrastructure costs of 3 million USD, including a fixed annual cost of 450,000 USD for Treasure Chain. Faced with survival pressure, the DAO laid off 15 people, decided to terminate game issuance support and Treasure Chain, and assisted partners in migrating to other blockchains.
To extend the funding runway, John proposed withdrawing 785,000 USD of idle funds f
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If Bitcoin breaks $85,000, the mainstream CEX cumulative short liquidation pressure will reach $1.287 billion
On April 3rd, based on Coinglass data, if Bitcoin rebounds and exceeds $85,000, the cumulative short liquidation strength of mainstream CEX will amount to $1.287 billion.
On the contrary, if Bitcoin drops below $82,000, the cumulative long liquidation strength of mainstream CEX will reach $0.287 billion.
BlockBeats Notes: The liquidation chart does not display the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring clusters, that is, strength.
Therefore, the liquidation chart shows the extent to which the asset's price reaching a certain level will be impacted. A higher "liquidation bar" indicates that when the price reaches that point, it will experience a stronger reaction due to a liquidity avalanche.
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Trump's Comprehensive Tariffs Exclude Energy Goods
On April 3rd, a Reuters columnist pointed out that in the comprehensive new import tariffs announced by Trump, what almost no one took notice of was that energy commodities were excluded.
The White House stated on Wednesday that a 10% baseline tariff on all U.S. imports (higher tariffs apply to many key trading partners) would not be imposed on crude oil, natural gas, and refined oil products. The intention behind exempting energy imports from tariffs is obvious. It aims to limit the extent of price pain that Americans would experience due to the tariffs. It is also in line with Trump's broader goal of maintaining low energy prices.
However, this move has further intensified the dilemma that other countries are facing in dealing with Trump's disruption of the global trade system. When responding to U.S. tariffs, one of the best negotiation chips for many countries is the energy they purchase from the U.S. or could potentially purchase from the U.S. (FX168)
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Yesterday's Net Inflow:
- FBTC: $118.8 million
- BITB: $33.4 million
On April 3rd, based on farside monitoring, the net inflow yesterday was $118.8 million for FBTC, $33.4 million for BITB, $130.2 million for ARKB, $34.3 million for Grayscale BTC, $10 million for EZBC, and $7.3 million for HODL.
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