Gate.io Launchpool is now live with AB (AB)

On April 3rd, as reported by The Block, three years ago, the Nouns community gave the green light to a proposal to invest 135 ETH (which was worth approximately $150,000 at that time) in a project called MOO?NBEANS. The purpose was to produce and sell high-end baked beans based on a recipe provided by Sublime Butter, a handmade butter company based in the UK. Yet, three years have elapsed, and no canned baked beans have been produced. There are also no clear indications of where the funds went. A director at Sublime Butter, Tony Ho, stated that the company never used the funds. In July 2023, the company dismissed founder Chris Mair as a director, accusing him of fraudulently using the brand for investment fundraising. Ho further claimed that the investment funds were directly transferred to Mair's personal wallet, and the subsequent location of the funds remains unknown. The Nouns DAO needs to take legal action to recover the funds as they never entered the company's accounts.

On April 3rd: The stocks related to the digital currency concept experienced a decline. Riot Blockchain (RIOT.O) saw a decrease of 7.23% and Coinbase (COIN.O) dropped by 7.17%. (FX168)

On April 3rd: Traders enhanced their wagers on a Fed rate cut, and there was a 50% likelihood of a fourth rate cut during this year. (FXStreet)

On April 3rd, according to Amberdata, a whale that was on the verge of liquidation with 64,800 ETH had already reduced its leverage 8 hours ago. This led to the ETH liquidation price dropping to $1639. The whale sold 4760 ETH and received 8.64 million DAI for repayment.

On April 3rd, according to Coinglass data, if Bitcoin drops below $80,000, the cumulative long liquidation intensity of mainstream CEX will reach 196 million. On the other hand, if Bitcoin exceeds $84,000, the cumulative short liquidation intensity of mainstream CEX will reach 332 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of contracts to be liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will undergo a more intense reaction due to a liquidity avalanche when it reaches that level.

On April 3rd, based on HTX market data, Bitcoin dropped below $82,000 and is currently trading at $81,905, with a 24-hour decline of 3.19%.