B Circle Daily Report on April 8

.BTC Ecosystem

Inscription Track: ordi and sats are rising, the entire Bitcoin ecosystem is beginning to recover, and Bitcoin will be halved in 2 weeks.

After lever officially announced that it will be the cross-chain bridge of omniZK, it may officially announce that it will be Bitcoin L2.

The Rune of Rune Protocol has broken through a new high, rising above 0.007, with a floor price of nearly $5,000. The market value is about to exceed the boring ape and become the highest-ranked NFT at present. The founder officially announced 3 airdrops, which became the key reason for this rise. After the halving, there will be a dog meme token, and there will also be a meme token at the end of the year. There will be an airdrop after becoming a top meme, and there will be no less than 10 projects for Rune airdrops.

.Hong Kong Ecosystem

ckb reached a high of 0.032, then fell back to around 0.027, a drop of 20%

seal rose nearly 600 times in five days, bringing the entire RCB++ (Bitcoin Layer 2 Network) to the fore

mask rose to 6.5 pins

cfx had a slight pull on April 1, and there was no news afterwards

.meme sector

Old memes generally rose, wif, Pepe rose the highest by 20%

.BN mining

saga mining ended today, more than 13 billion US dollars of funds participated in Saga staking mining, making it the largest Launchpool on Binance so far

saga tokens will be launched at 22:00 on April 9.

Bitcoin halving

. Bitcoin is expected to halve around April 20

. The impact of this halving event on the market is positive, but the expected impact is lower than the previous two halvings

. The benefits of halving generally need to wait for 2 months after the halving

. According to historical observations, there is no obvious rise and fall pattern in the 3-4 months around the halving

Bitcoin ETF

Bitcoin ETF ushered in a big explosion this week, with a net inflow of funds as high as US$636 million, equivalent to an increase of 9,675 bitcoins!

Among them, BlackRock Bitcoin ETF had a net inflow of 4,580 bitcoins in a single week, only 66,000 less than Grayscale Bitcoin Trust (GBTC). According to the current trend, BlackRock will surpass Grayscale in the near future!

On April 5, ten Bitcoin spot ETFs had a net inflow of US$203 million, and it is expected that they will increase their holdings by 3,011 bitcoins after the opening of the U.S. stock market on Monday this week. Among them, Grayscale continued to outflow 2,950 bitcoins, while BlackRock continued to lead, increasing its holdings by 4,580 bitcoins.

As of now, the ten Bitcoin spot ETFs hold a total of 839,190 Bitcoins, with a market value of US$565.9 billion.