Binance Launchpool has launched its 53rd project, the RENZO (EZ) liquidity staking protocol, which will be listed on April 30, 2024, with a maximum supply of 10 billion tokens and an initial supply of 1.05 billion tokens. Due to confusion caused by another project using the code "EZ," Binance has consulted with the RENZO project team and decided to update the code to "REZ." BlackRock's Bitcoin ETF has seen 70 consecutive days of net inflows, placing it among the top ten ETFs with the longest streak of daily net inflows. QCP CAPITAL points out that Bitcoin's fourth halving, which occurred on April 20th, may lead to exponential price growth within 50-100 days after the halving. US presidential candidate Robert Kennedy proposes putting the entire US budget on the blockchain to enhance government transparency. As the US reimposes oil sanctions on Venezuela, Venezuela plans to increase the use of digital currencies in its crude oil and fuel exports. The SEC is seeking $5.3 billion in illegal profits and civil penalties from TERRAFORM LABS and DO KWON.

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1. Binance Launchpool introduces the 53rd project, Renzo (EZ), a liquidity staking protocol. Renzo (EZ) will be launched on April 30, 2024, at 12:00 (UTC) and will be available for trading in EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY pairs. The maximum supply of EZ is 10 billion, with Launchpool holding a 2.5% share and an initial supply of 1.05 billion, accounting for 10.5%. Due to confusion caused by another project using the code "EZ," Binance has decided, in consultation with the Renzo project team, to update Renzo's code to "REZ," effective immediately.

2. BlackRock's Bitcoin ETF has seen net inflows for 70 consecutive days, placing it among the top ten ETFs with the longest streak of daily net inflows. Earlier this week, Eric Balchunas, a senior ETF analyst at Bloomberg, tweeted a chart showing that if BlackRock's IBIT fund achieves its 70th consecutive day of net inflows, it will become one of the most successful funds in history.

3. QCP Capital: Based on historical patterns, BTC bulls still have a few weeks to establish larger long positions. In its latest market report, QCP Capital points out that BTC's fourth halving occurred on April 20 in the early morning in Asia. Although spot prices have slightly increased over the weekend, the overall change has been minimal. Based on historical patterns, spot prices may experience exponential growth within 50-100 days after the halving, providing an opportunity to establish long positions. The market has observed continued significant purchases of BTC call options, particularly ERKO options, which show promising risk-return characteristics. Additionally, ETH's risk reversal has normalized to over -4%, indicating a potential short-term rebound and recovery of leveraged long positions.

4. U.S. presidential candidate Robert F. Kennedy Jr.: "I hope to put the entire U.S. budget on the blockchain." U.S. presidential candidate Robert F. Kennedy Jr. stated on Sunday that blockchain technology can play a crucial role in improving government transparency and called for a Web3 transformation of the federal budget. Kennedy said, "I will put the entire U.S. budget on the blockchain so that every American can see every budget item 24 hours a day."

5. Reuters: With the return of oil sanctions, Venezuela will accelerate its cryptocurrency transition. As the United States reimposes oil sanctions on Venezuela, the state-owned oil company PDVSA plans to increase the use of digital currencies in its crude oil and fuel exports. The U.S. Treasury Department last week demanded that PDVSA's customers and suppliers end transactions by May 31. This will make it more difficult for Venezuela to increase oil production and exports. Since last year, PDVSA has been gradually shifting towards using USDT in oil sales, which is pegged to the U.S. dollar. Insiders say the restoration of oil sanctions is accelerating this shift to reduce the risk of frozen sales revenue in foreign bank accounts due to sanctions. Venezuelan Oil Minister Pedro Teruelchea stated that digital currencies may be the preferred payment method in certain contracts.

6. SEC seeks $5.3 billion in illegal gains and civil penalties from Terraform Labs and Do Kwon. After a jury found Terraform Labs and Do Kwon responsible for fraudulent activities, the SEC has filed a motion demanding the payment of $5.3 billion in restitution and civil penalties. In a filing submitted to the U.S. District Court for the Southern District of New York on April 19, the SEC requested that Kwon and Terraform pay approximately $4.7 billion in restitution and prejudgment interest, as well as a total of $520 million in civil penalties—$420 million for Terraform and $100 million for Kwon.

Binance Launches New Project RENZO, BlackRock ETF Continues Net Inflows, US Presidential Candidate Proposes Blockchain Budget, Venezuela Transitions to Cryptocurrency, SEC Fines TERRAFORM LABS