Golden Web3.0 Daily | SEC may approve multiple altcoin ETFs

DeFi data

1. Total market value of DeFi tokens: US$89.891 billion

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was US$6.277 billion

Source of transaction volume data from decentralized exchanges in the past 24 hours: coingecko

3. Locked assets in DeFi: US$90.442 billion

DeFi project locked assets ranking and locked positions data source: defilama

NFT data

1.NFT total market value: US$18.055 billion

The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

2.24-hour NFT trading volume: US$ 2.071 billion


The top ten NFT projects ranked in total market value and market value data source: Coinmarketcap

Top NFTs within 3.24 hours

NFTs with the top ten sales gains within 24 hours Source: NFTGO

Headlines

Analyst: SEC may approve multiple altcoin ETFs in Q2 2025

BeInCrypto analysts predict that since the SEC announced today that PoW mining is not a securities issuance and is not subject to securities regulations. The SEC may approve multiple altcoin ETFs in Q2 2025. Because this regulatory clarity may change the chances of some PoW crypto asset ETFs being approved. For example, Litecoin that falls into this category is already very likely to be approved. Analysts added that the SEC had previously announced in February that Meme is not a securities company, which may be because Dogecoin ETFs are facing regulatory hurdles. The SEC may declare that none of these assets are securities, laying the foundation for future ETF applications.

MEME hot spots

1.BSC Ecological Meme Coin BUBB market value hit a record high of US$35 million, with a 24-hour increase of 516%.

According to GMGN market information, the market value of BSC Ecological Meme Coin BUBB hit a record high of US$35 million in a short time, and is now at US$31.3 million, an increase of 516% in the past 24 hours, and a 24-hour trading volume of US$41.7 million. Early this morning, Binance co-founder He Yi interacted with the meme coin official promotion on the X platform and followed its official promotion. Meme coins have no actual value and their price fluctuates greatly. Users should be cautious when investing.

2. Embr.fun, a Meme application chain built on Initia, will be launched soon.

On March 21, Embr.fun, a Meme application chain built on Initia, will be launched soon. Add to the waitlist to get early access and exclusive rewards. Embr.fun is built by Embr Labs and developed powered by Initia Interwoven Stack. This project is specially built for the next generation of Meme economy, aiming to bring more innovative and interesting ways of playing Meme and become the first platform to promote the development of the next generation of Meme.

DeFi hotspots

1. The total lock-in position on the chain exceeded US$10 billion, and USDtb soared by more than 1,000% in recent months

According to CoinDesk, DeFiLlama data shows that the total locked position of physical assets on-chain (RWA) has exceeded US$10 billion, of which Maker, BlackRock's BUIDL and Ethena's USDtb's TVL each exceeded US$1 billion. The stablecoin USDtb, backed by the BlackRock money fund, has surged by more than 1,000% in recent months, becoming the fastest-growing project.

2.BNB Chain has completed Pascal Pascal hard fork

According to Golden Finance, BNB Chain has successfully completed the Pascal hard fork. This upgrade introduces the EIP-7702 smart contract wallet, aiming to improve EVM compatibility and developer support, as well as functional optimizations involving fuel fee abstraction, smart payment interface and batch transactions. The official releases a roadmap for future improvements: the Lorentz upgrade, scheduled for April 2025, aims to reduce block production time to 1.5 seconds, and improve transaction speed and network efficiency. After that, the Maxwell Maxwell upgrade plan in June 2025 will further accelerate the block time to 0.75 seconds.

3. 153rd Ethereum ACDC Conference: Developers agree to postpone Pectra mainnet date

According to Golden Finance, Christine Kim, vice president of Galaxy Research, posted a message to summarize the 153rd Ethereum Core Developer Consensus (ACDC) conference call. This week, the developers reconfirmed the Pectra testing plan and planned to upgrade the newly launched Hoodi test network on March 26; the developers agreed to postpone the Pectra mainnet date until they see the upgrade of Hoodi and further testing of the Pectra functionality on Hoodi; in addition, the developers also discussed the inclusion of EIP7688 in Fusaka upgrade.

4. Santiment: Available ETH supply in crypto exchanges hits a decade low

According to Golden Finance, Santiment posted on the X platform that thanks to numerous decentralized finance (DeFi) and staking options, Ethereum holders have now reduced the available supply on the exchange to 8.97 million, the lowest level since nearly 10 years (November 2015). Ethereum on exchanges decreased by 16.4% compared to 7 weeks ago.

5.Solayer core developers criticize Eclipse 's new solution GSVM for suspected plagiarism

According to Golden Finance, Eclipse released documents related to the SVM client Giga Scale Virtual Machine (GSVM), today. Solayer core developer Chaofan Shou forwarded and criticized Eclipse for suspected plagiarism. Chaofan Shou added that the GSVM solution has the same idea and similar demonstration process as a technical solution released by Solayer, but Solayer has proved that the solution cannot take effect in the actual operating environment.

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