BTC breaks through the $83000 mark

Astar Network announced on X platform that a key proposal to optimize the economics of ASTR tokens and dApp staking mechanism has entered the voting stage. This update aims to optimize inflation rates, stabilize annualized returns (APR), and enhance the long-term sustainability of the network. The core solution proposed in this proposal is to reduce the proportion of basic pledger rewards from 25% to 10%, in order to reduce fixed rewards and lower overall inflation; Increase the proportion of rewards for floating stakers from 40% to 55%, dynamically match rewards with staking rates, and stabilize APR around the target value of 50%.

According to @ SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, resulting in over $13 million in fees, including borrowing costs. It is reported that 30% of this fee will be used to repurchase GMX tokens. In addition, he mentioned that a $4 million TWAP (Time Weighted Average Price Order) is being applied to a token with a market value of $100 million.

The current total position of OKX BTC option contract is 27361.19 BTC, with a 7.51% increase over the past 24 hours, indicating an increase in activity in the options trading market. Data for reference only Interpretation: Option holding refers to the total number of unexercised option contracts in the market, which can reflect the current market's views and expectations on the future price trend of a certain underlying asset. Data for reference only

Crypto analyst Eugene stated that he made his first purchase of spot BTC when the BTC price approached $75k, marking his first operation since clearing his major holdings in January. He believes that although the current price may not be at the bottom, it is close to his satisfactory long-term layout range. He expects the $74-76k range to provide some support, and if Michael Saylor from MicroStrategy does not sell BTC, the price may stabilize at $52k; If there is a sell-off, $25k may become a new target. In addition, Eugene pointed out that although market sentiment is low and panic is intensifying, prices usually do not fall sharply. He believes that the 5% drop in US stock pre market futures today is an extreme event and deserves attention for future rebound opportunities. He plans to conduct short-term operations through the rebound of BTC and SOL in the short term, while increasing long-term holdings when prices further decline.

HashKey Exchange Business Group Co CEO Ru Haiyang revealed at the Web3 Carnival that HashKey Exchange will officially launch its wealth management channel on April 10th. The first phase will open up a subscription channel for tokenized money market funds to eligible investors. This product relies on high-quality underlying assets and has high liquidity and stable return characteristics. Ru Haiyang stated that the future wealth management channel will continue to expand its product matrix and gradually introduce more diversified, safe and reliable wealth management products, providing more competitive investment choices for eligible investors. The wealth management channel is innovatively designed based on the traditional financial wealth management service framework, providing users with&39; Familiar and innovative&39; The investment experience. The launch of the Wealth Management Channel is a crucial step for HashKey Exchange to promote the integration of traditional finance and blockchain technology. In the future, HashKey Exchange plans to continue expanding more on chain financial products that meet regulatory requirements and promote innovation in traditional financial assets. HashKey Exchange reminds customers that when investing in HashKey Exchange wealth management products, they need to complete a platform risk assessment, understand the product details, and apply based on their own needs.