Bitcoin Surges Above $82,000, Up 5.7% in 1 Hour

On April 18th, as monitored by Farside Investors, the net inflow of Fidelity FBTC yesterday was $25.9 million.

On April 18th, as per the on-chain data analyst Yujin Monitoring, Blur, which unlocks on a monthly basis, transferred the 23.8 million BLUR (approximately $2.3 million) unlocked this month to Coinbase Prime one hour ago. Since Blur began its unlocking cycle on June 15, 2023, 35.6% of the total BLUR supply (1.068 billion tokens) has been unlocked and transferred to Coinbase Prime for circulation in the market. Based on the price at the time of the unlocking transfer, it was valued at $340 million. The average transfer price was $0.318, while the current price of BLUR is only $0.096.

On April 18th, according to market data, the de-pegging of the Synthetix USD stablecoin sUSD has deteriorated. It has fallen by 13.9% in the past 24 hours and is now trading at $0.7038 with a market capitalization of $22.96 million. Previously, Synthetix founder Kain stated that the sUSD reanchoring mechanism is in a transition period and he has sold 90% of ETH and increased SNX holdings. BlockBeats previously reported that the de-pegging of the Synthetix stablecoin sUSD was not due to bad debt or a mechanism failure but rather a side effect of SIP-420. The introduction of SIP-420 means that SNX stakers no longer individually mint sUSD and manage their own debts but instead delegate funds to a shared pool to achieve effects such as no liquidation and no personal debt. With debt concentrated in the public pool, when the sUSD trading price deviates from the peg value, stakers do not have a direct incentive to buy sUSD at a low price to repay debt, and the once-existing self-adjusting de

On April 18th, as monitored by Onchain Lens, Alameda Research deposited approximately 9.5 million USDT into Wintermute OTC within a span of 10 hours. This deposit may be for transfer to Binance and Coinbase. Additionally, they also transferred 129,871 USDT to a wallet that is likely to belong to B2C2.

On April 18th, based on CoinGecko data, AERGO is currently priced at $0.2524, showing a 24-hour increase of 107.8%. The 24-hour spot trading volume across all exchanges is $1.49 billion, and the market capitalization is currently $122 million. Currently, there is a price difference between the AERGO perpetual contract and the spot price on various CEXs. The contract price on Binance is $0.212, while the spot price on major CEXs is around $0.2439, resulting in a spot premium of approximately 12.035% over the contract price. In addition, according to Coinglass data, the funding rates for AERGO on mainstream CEXs are extremely negative. The total open interest of contracts across all exchanges is $71.6519 million, representing a 46.08% increase compared to the previous period, and the 24-hour total contract trading volume has reached $2.143 billion.

On April 18th, according to the sources mentioned by Coindesk, the cryptocurrency exchange Kraken is making preparations for a US listing. In the past few months, it has laid off hundreds of people in various business areas in order to streamline its operations. A source indicated that since Arjun Sethi assumed the role of co-CEO, hundreds of people have resigned. It was noted that in addition to the 15% reduction in the workforce at the end of last year, the company plans to continue with the layoffs. "They are actively reducing staff in all functional departments, and this is an ongoing process. This is to enhance Kraken's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)," the source said.