Bitcoin mining company Marathon Digital Holdings reported a record net profit of $337.2 million in the first quarter of 2024. The quarterly net profit announced by the company in its earnings report on May 9th increased by 184% compared to the first quarter of 2023, which was $118.7 million. The diluted earnings per share for this quarter were $1.26. The company announced that its first quarter revenue for 2024 reached a record $165.2 million, an increase of 223% from the same period last year, which was $51.1 million.

Binance CEO Richard Teng has remained silent on the legal crisis in Nigeria for the past few months, but today Binance executive Tigran Gambaryan posted on the matter of his being charged in Nigeria, stating that unidentified individuals had contacted the exchange's employees and suggested paying a sum of money to resolve the charges. According to DL News, Nigerian officials have demanded a possible bribe of up to $150 million in cryptocurrency from Binance. In a statement, Richard Teng said that lawyers had been asked to make a large payment in cryptocurrency within 48 hours.

Uniswap founder Hayden Adams posted on social media that cryptocurrency founders and venture capitalists need to stop valuing projects at over $1 billion in the early stages of development and before tokens have been released, until they are truly worth that valuation. Building something worth 7-9 figures is an incredible achievement, and not every project needs to be a unicorn at launch. Additionally, Hayden Adams said, perhaps it's naive, but I think raising funds as a founder at a fair valuation (real talent wants upside) and investing at a fair valuation as a VC (LPs want upside) can make more money. It's just harder to do it that way.

According to Watcher.guru on X platform, former President Donald Trump stated that he will stop the hostility towards cryptocurrency in the United States and embrace it.

The Fed's Collins stated that it may take longer than expected to reach a 2% inflation level; the policy is appropriately restrictive for risks; rates should be maintained until confidence is strengthened; the full impact of restrictive policies may not yet be seen; high uncertainty reinforces the need for the Fed to remain patient; it is necessary to slow down the US economic growth in order to put inflation on the path towards a 2% decline; there has been no sign of inflation falling back since 2024; demand is expected to eventually slow down, but there is uncertainty regarding timing.

Messari recently released the Fantom 2024 Q1 status report, with the following highlights:

1. Starbucks terminates its Odyssey NFT program

DappRadar data shows that the total transaction volume of NFT aggregation platform Blur has exceeded 9.5 billion US dollars, reaching 9.51 billion US dollars at the time of writing. The current total number of traders on the platform is about 381,910. Historical data shows that the transaction volume of the Blur platform exceeded 8 billion US dollars in mid-January this year and exceeded 9 billion US dollars in early March, which means that this indicator has increased by more than 5% in less than a month.

According to on-chain analyst Yu Jin, BLUR's January unlock has been transferred to Coinbase Prime one hour ago: 33.41 million BLUR ($22.49 million) was unlocked and transferred from the unlock contract to the 0x0A0 multi-signature address 35 hours ago, and then transferred to Coinbase Prime through the 0x0A0 multi-signature address one hour ago. Since the unlocking cycle of BLUR began on June 15, 2023, a total of 20% (616.8 million) of the total BLUR has been unlocked and transferred to Coinbase Prime.

DappRadar data shows that the total transaction volume of NFT aggregation platform Blur has exceeded 9 billion US dollars, reaching 9.19 billion US dollars at the time of writing this article. The total number of traders on the platform is currently about 376,400. Historical data shows that in mid-January of this year, the transaction volume of Blur platform exceeded 8 billion US dollars, which means that this indicator has increased by more than 12.5% in less than two months. In other NFT markets, the total transaction volume of OpenSea NFT market is about 36.55 billion US dollars, and the total number of traders is about 5.2 million; the total transaction volume of LooksRare is 4.86 billion US dollars, and the total number of traders is more than 156,000.