Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB has identified a level which he believes Bitcoin (BTC) will never go below again. According to a tweet by the controversial analyst, BTC is “highly unlikely” to ever move below $33,000, which is also its 200-week moving average. This prediction applies to post-halving slumps and subsequent bear...Read More
[PRESS RELEASE – Seongnam-si, Korea, April 3rd, 2024] TRALA LAB aims to leverage zkSync to accelerate new gaming era for millions of players TRALA LAB has announced a strategic commitment to build on zkSync, a cutting-edge zero-knowledge (ZK) technology. TRALA LAB is a subsidiary of Joycity that has gained significant popularity in the global gaming...Read More
There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion. However, today’s expiry event is much smaller than last week’s whopping $15 billion end-of-quarter crypto options expiry. Moreover, markets have been weaker this week, with total capitalization falling 5% as $150 billion left the space. Bitcoin...Read More
Global payment giant PayPal has announced that all United States users will be able to facilitate money transfers to friends and family abroad using USD converted from the PayPal USD (PYUSD) stablecoin. PYUSD is, however, not available to residents of Hawaii. PYUSD to USD Conversions for Cross-Border Transfers PayPal said that US customers leveraging its...Read More
The hacker responsible for the $321 million Wormhole bridge hack was initially considered qualified for a recent airdrop of a newly launched W token where the explorer could claim $50,000. The Wormhole bridge suffered an exploit in February 2022, making it one of the most significant hacks in the crypto industry’s history. Wormhole Airdrop Lists...Read More
Price feed oracle and market data provider Pyth Network has released new price feeds for two blockchain tokens: W and USDB. According to a press release shared with CryptoPotato, both price feeds have become available on roughly 50 blockchains that have integrated Pyth in their protocols. Pyth Launches Price Feeds For W And USDB W...Read More
In the dynamic world of cryptocurrencies, investors constantly seek opportunities that balance stability with the potential for high returns. As Bitcoin (BTC) and Ethereum (ETH) continue to solidify their positions as the mainstays of digital finance, offering reliable growth and stability, a new contender emerges with a promise of substantial gains. The Furrever Token (FURR)...Read More
The firm, co-founded by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang, is looking to tap into institutional interest in the space following a bear market lull in VC investing. It would be one of the largest new crypto VC funds raised since the market downturn last year, according to an April 3...Read More
Coinbase’s Layer 2 network – Base – has been dominating the L2 landscape. March has been particularly lucrative for the scaling solution gaining significant traction as a result of increased meme coin frenzy as well as airdrops in recent weeks. With approximately 890,000 daily active addresses, Base has yet again taken the lead, indicating a significant...Read More
Binance will soon close its Bitcoin NFT marketplace after opening its trading venue to the network’s collectibles less than one year ago. In a blog post on Thursday, the crypto exchange said it will “cease support for trades and deposits of Bitcoin NFTs” starting April 18 at 6:00 UTC. Binance Exits From Ordinals The exchange...Read More
[PRESS RELEASE – Dublin, Ireland, April 4th, 2024] Donk.Meme ($DONKM) presale is officially live and this new donkey themed Solana meme coin is replicating the same method pioneered by Book Of Meme founders and adopted by the likes of $SLERF. Over 1,000 SOL has been raised in the first few days of the presale with over 7...Read More
The Bitcoin halving event has been scheduled to take place in the next 15 days. Based on historical data, it could trigger a bull run that would last months, setting new price peaks. Crypto data analytics platform Kaiko believes BTC could record a new top within nine to twelve months after the event on April...Read More
Ripple, a provider of enterprise blockchain and crypto solutions, has revealed plans to introduce a stablecoin pegged 1:1 to the US dollar (USD). The asset will be backed entirely by US dollar deposits, short-term US government treasuries, and other cash equivalents. Ripple CEO Confident on Launch According to an April 4 press release, these reserve...Read More
[PRESS RELEASE – Estonia, Tallinn, April 4th, 2024] Decentralized credit protocol Soil has ambitions to reshape the global investment and stablecoin yield generation landscape. With its unique blockchain-based infrastructure, the recently-launched protocol provides seamless access to the lucrative Real World Asset (RWA) market, catering to both institutional investors and individual participants. Soil’s recent milestones and...Read More
Wednesday saw spot Bitcoin ETF flows shift to the positive side for the week, surpassing the outflows recorded on Monday. This turnaround can be attributed to Grayscale’s GBTC experiencing a slowdown in outflows, with Wednesday’s outflow amounting to $75.1 million. Inflows Surge to $113 Million, GBTC Outflows Ease As of Wednesday, data from Farside indicates...Read More
A new report from CoinGecko shed light on the meme coin industry, as the top ten tokens by market capitalization accounted for 1312.6% in returns in Q1 2024, turning the meme coin sector into the most profitable of all crypto narratives. Moreover, the report states that out of the ten largest memecoins by market cap,...Read More
Cathie Wood, founder and CEO of leading investment management firm Ark Invest, thinks Bitcoin (BTC) is an insurance policy against rogue regimes as more users flock to it amid the devaluation of their national currencies. During an interview with CNBC, Wood tagged Bitcoin as a hedge against devaluation and loss of purchasing power and wealth,...Read More
[PRESS RELEASE – Vancouver, Canada, April 3rd, 2024] JYDS, the pioneering decentralized ecosystem built on the Solana blockchain, proudly introduces its latest innovation: JYDS Bank. As a transformative feature within the JYDS ecosystem, JYDS Bank is poised to revolutionize banking for the community of JunkYard Dogs Sol (JYDS), offering a suite of cutting-edge financial services...Read More
[PRESS RELEASE – BA, Argentina, April 3rd, 2024] C3.io, the hybrid self-custodial cross-chain exchange, has launched on Solana. In celebration of this milestone, C3.io is offering an enticing reward to its users: 1,000,000 $PYTH tokens. c3.io is a next-generation self-custodial exchange, on a mission to transform the cryptocurrency market structure by offering a secure, transparent,...Read More
In Asia, investors face turbulent times as automated trading bots react to data streaming from spot Bitcoin exchange-traded funds (ETFs). A report from Bloomberg indicates that these automated trading bots are potentially causing significant market volatility. Bitcoin Volatility in Asian Trading Market Shiliang Tang, president of Arbelos Markets, acknowledged the role played by these automated...Read More
Bitwise CIO Matt Hougan explained what makes Bitcoin valuable on Wednesday after a recently interviewed Goldman Sachs executive struggled to find the answer. Sharmin Mossavar-Rahmani – chief investment officer of the bank’s Wealth Management unit – said she still isn’t a “believer in crypto” even after the launch of Bitcoin spot ETFs in January. Why...Read More
In the midst of Bitcoin’s recent downturn, Ethereum (ETH) and Shiba Inu (SHIB) have experienced setbacks, reflecting the broader market trend. However, amidst this turbulence, Furrever Token (FURR) has emerged as a beacon of success, showcasing remarkable resilience and investor confidence. With its presale rapidly approaching the end of its fifth stage, FURR has managed...Read More
Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily...Read More
On April 3, 2024, ZachXBT revealed that Kyle raised alarm bells in his Discord server, claiming his wallets had fallen victim to a hack. The prominent blockchain investigator’s findings instead strongly suggested a deliberate transfer of funds rather than an external hack. Kyle Accused of Faking Hack While investigating an alleged hack involving a “social...Read More
Coinbase, the largest crypto exchange in the United States, has selected the company that will spearhead the implementation of Bitcoin’s lightning network at the exchange. That partner is Lightspark – a lightning infrastructure provider led by PayPal co-founder David Marcus. Lightning Is Coming To Coinbase Per an announcement from Lightspark on Wednesday, their technology will...Read More
[PRESS RELEASE – Please Read Disclaimer] CONF3RENCE 2024 and BLOCKCHANCE are thrilled to announce their union, marking the inception of a flagship Web3 event in the Ruhr area, Europe’s economic powerhouse. BLOCKCHANCE has already demonstrated the possibilities of the German Web3 ecosystem. Together, aiming to build a bridge between traditional economy and Web3, this union...Read More
Robert Kiyosaki, known for his advocacy of Bitcoin (BTC), gold, and silver, has revealed that he would acquire more BTC if the crypto asset’s value ever drops to $200, as American financial writer Harry Dent predicted. In a Tuesday tweet, Kiyosaki, the author of several financial books, including Rich Dad Poor Dad, said he hopes...Read More
[PRESS RELEASE – George Town, Cayman Islands, April 3rd, 2024] The VGX Foundation, a Cayman Islands Foundation, has partnered with Genopets to integrate the VGX token as a reward in their popular move-to-earn NFT mobile game on Solana. The partnership introduces VGX as a reward token in the Genopets game, creating utility and rewards for...Read More
[PRESS RELEASE – Venice, Florida, April 3rd, 2024] Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system, ByteConnect. This product launch marks a significant expansion of Byte Federal’s “fintech focused” services, showcasing a commitment to building a full suite...Read More
Crypto exchange KuCoin has seen its market share of daily trading volume decline by half in recent weeks, according to Kaiko, a blockchain research and analytics firm. The decrease comes days after the U.S. Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) charged the company. KuCoin Daily Trading Volume Plunges Following the announcement...Read More
