Decentralized autonomous organization (DAO) Bankless co-founder David Hoffman criticized the outperformance of Dogwifhat over Ethereum-tethered Layer-2 blockchains, sparking a debate about the value of meme coins and their impact on the cryptocurrency industry.
Surprising the cryptocurrency community, a significant amount of Bitcoin has been withdrawn from Coinbase, with a total value of nearly $1.2 billion, indicating a trend of investors moving their holdings to private wallets for long-term growth.
Former President Donald Trump has softened his stance on cryptocurrency, expressing a more neutral view and acknowledging its use and popularity, which could have significant implications for the crypto sector and potential regulatory approaches if he were to be elected in the future; meanwhile, it is revealed that Trump himself holds over $5.7 million in various cryptocurrencies, including Ethereum and the meme coin MAGA.
Bitcoin and other cryptocurrencies have experienced a price slump due to dampened interest in Bitcoin ETFs, decreasing trading volume, and the anticipation of tight Federal Reserve activity, with a price correction also expected due to the upcoming halving event.
Figure Markets, a cryptocurrency exchange launched by Mike Cagney, combines alternative trading system capabilities with cross-collateralization of crypto and traditional assets, utilizing multiparty computation wallets and decentralized order books to deliver a decentralized exchange experience. The exchange aims to drive borrowing and lending by using $100 million from Figure Technologies' balance sheet as a catalyst.
EigenLayer, the second-largest decentralized finance (DeFi) protocol on the Ethereum blockchain with $12.4 billion in total value locked, is seen as a promising part of the ecosystem's infrastructure but could bring hidden risks due to restaking and liquid restaking tokens, according to a report by Coinbase.
Cryptocurrency trader Altcoin Sherpa believes that despite recent price declines, Dogecoin is a good investment to hold for the long term, with potential gains up to the high $0.20s-$0.30s before any pullback, due to factors such as its liquidity and the "Elon Musk effect."
Bitcoin prices are declining for the second day in a row, causing a sell-off in the broader cryptocurrency market.
Meme coins and tokens, including Solana-based Bonk and Ethereum-based Pepe, have experienced significant losses in the crypto market, despite recent gains, while Dogecoin and Shiba Inu have also seen a decline, although Dogwifhat has managed to avoid most of the downturn.
Billy Markus, the co-founder of Dogecoin, commented on the recent Bitcoin price crash by posting a meme and expressing his belief that cryptocurrency price movements, including Bitcoin's, cannot be predicted and that holding cryptocurrency for a long time is not a mentally healthy pastime.
Argentina's market regulator has launched a mandatory registry for crypto service providers in order to comply with anti-money laundering and terrorism financing standards, coinciding with a rise in Bitcoin purchases by Argentines seeking protection from inflation.
Bitcoin's price dropped the most in almost two weeks due to cooling demand for US exchange-traded funds and decreasing bets on looser Federal Reserve monetary policy.
Bitcoin and other major cryptocurrencies have experienced a significant crash, with Bitcoin losing almost 10% in the last 24 hours and wiping out approximately $300 billion from the overall crypto market.
Bank of America predicts that the US government may have to pay $1.6 trillion in annual interest payments by December if the Federal Reserve does not cut interest rates, leading to discussions about higher inflation and the role of Bitcoin as an inflation hedge; Anthony Pompliano, a prominent Bitcoin proponent, discusses Bitcoin as a risk-on investment and a store of value on CNBC, highlighting its recent milestones before the halving.
Nine Bitcoin ETFs, including the iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, saw a collective increase of 1,352 BTC in their holdings, highlighting strong investor confidence, while the Grayscale Bitcoin Trust experienced a significant outflow of 15,098 BTC, showcasing varied investor sentiment within the cryptocurrency market.
The Forbes Billionaires List for the crypto industry in 2024 includes Satoshi Nakamoto, the anonymous founder of Bitcoin, with a net worth of $76.67 billion, followed by Changpeng Zhao, the founder of Binance, with $47.7 billion, and Brian Armstrong, the founder of Coinbase, with $11.5 billion.
Suspicious transactions totaling over $3 million were discovered by security firm CertiK, involving the movement of funds in ether and tether from Bitcoin Lightning-based exchange FixedFloat to wallets on the Ethereum and Tron networks. FixedFloat's website is currently inaccessible due to technical issues, with no comments made regarding the suspicious activity.
A new decentralized derivatives protocol called Cega has introduced a high-yield structured product called Gold Rush, which offers investors protection from a 30% drop in the prices of Ethereum and Tether's gold-backed token XAUT, while providing an annualized percentage yield of up to 83%.
EMCD Mining Pool, founded by CEO Michael Jerlis, is a cryptocurrency mining pool that aims to make cryptocurrency mining accessible and rewarding for all, with a focus on Bitcoin mining, ahead of the upcoming halving event that is expected to increase Bitcoin's scarcity and demand.
Crypto trader Criptopaul predicts that Ethereum (ETH) will reach new all-time highs (ATHs) within days, and also believes that Dogecoin (DOGE) has the potential to overtake Ethereum's market capitalization.
Noctis, a new Solana memecoin, is launching a presale with the aim of becoming the top memecoin in the market and offering early investors the opportunity to join its growing community.
Bitcoin's price experienced a sudden drop, leading to potential losses for investors in Bitcoin ETFs unable to trade until the NYSE opens, while gold saw a slight increase; however, if Bitcoin's price rebounds and surpasses the resistance level, it could continue to rise.
The Winners Circle, a Web3 loyalty platform powered by Zilliqa, aims to attract a younger audience to horse racing by offering exclusive rewards, fantasy prediction games, and governance opportunities through its fan token HRSE. The platform is part of Racing League's effort to reimagine the sport and introduce a team-based competition format to broaden its appeal.
The trading volume of XRP surged by 80% in the past 24 hours, reaching over $4 billion, amidst a period of extreme volatility in the crypto market, although the market remains turbulent and investors are grappling with significant losses.
Bitcoin's surge and the overall growth of the cryptocurrency market has resulted in 17 individuals becoming billionaires through their investments and entrepreneurship in the blockchain industry, with a combined net worth of $93 billion.
Decentralized finance protocol Ethena Labs has initiated an airdrop of its new governance token (ENA), allowing USDe holders to claim their portion, resulting in an 8% increase in ENA value to approximately 64 cents and a market cap of nearly $500 million.
Bitcoin's price dropped below $67,000, causing the wider crypto market to fall and wiping over $122 billion from the market, as the U.S. dollar strengthened and volatility increased ahead of April's Bitcoin halving.
The TRON Foundation and Tron founder Justin Sun have asked a New York court to dismiss a lawsuit from the SEC, arguing that the regulator lacks jurisdiction and their claims fail for various reasons.
Solana CEO's April Fools' Joke Spawns Real-Life 'BunkerCoin,' Prompting Warning on Risky Meme Tokens
Solana CEO Anatoly Yakovenko posted a mock announcement for a new cryptocurrency called "BunkerCoin" as an April Fool's joke, but it became a reality when someone created the token on the Solana blockchain, leading to a 4000% increase in value within 24 hours.
Bitcoin is on the verge of breaking its all-time high, according to analyst Rekt Capital, who states that the first step of the process has been completed by closing above resistance at $69,000, with the final step being flipping the resistance level to support; the analyst also highlights strong uptrend signals for altcoins Solana, Dogecoin, and Litecoin.
Ether, the second-largest cryptocurrency, is struggling to keep up with Bitcoin's rapid growth, as it has only increased by 53% in the first quarter of this year compared to Bitcoin's 65%, and faces challenges in gaining widespread recognition and approval for ETFs due to its ambiguous legal status and perceived classification as a security rather than a commodity.
Former FTX CEO Sam Bankman-Fried, convicted of seven criminal counts and sentenced to 25 years in prison, expresses remorse for his actions and claims he never intended to hurt anyone or take anyone's money, but he acknowledges his responsibility as the CEO of FTX.
Whale transactions involving millions of SOLs being sent to Coinbase have not yet impacted the price, but there are indications that SOL's price might drop further if selling pressure increases, potentially reaching as low as $171.36, due to bearish momentum and a decline in Open Interest.
Ethereum price faces rejection and drops below $3,500, with resistance at $3,420; however, if it settles above $3,450, it could gain bullish momentum.
The current Bitcoin halving cycle is being labeled as the "weirdest" bull market in history, characterized by a premature Bitcoin all-time high and a rush into memecoins, deviating from the traditional flow of liquidity into high-capitalization coins.
The price of Fetch.ai (FET) continues to rise, but it may face a correction as investors start to take profits and the project loses traction in the market, potentially leading to a decline in price unless it can maintain support above $2.9 and flip the 50-day EMA into support.
Bitcoin's steady climb towards a new all-time high faces a key resistance level at $70,320, which, if surpassed, could propel its bullish momentum and solidify its position in the cryptocurrency market, according to crypto analyst Ali.
The price of Render (RNDR) has been declining and investor sentiment has weakened, with active addresses and profitability showing a significant decrease, leading to concerns about the altcoin losing crucial support and facing further bearishness, with a potential 20% correction if the $10 support level is broken.
Founder and CEO of Morgan Creek Capital Management, Mark Yusko, predicts that Bitcoin will reach a price of $150,000 in 2024 due to the impacts of the upcoming Bitcoin halving and the increased interest from investors, crowning it as the unrivaled "King" among digital assets.
Crypto strategist Altcoin Sherpa believes that three memecoins, including Dogecoin (DOGE), are poised for significant price surges, with DOGE expected to rally over 50% from its current level of $0.206; the other memecoins mentioned are BOOK OF MEME (BOME) and dogwifhat (WIF).
April is set to be a monumental month in the crypto industry, with significant events such as block reward halvings for Bitcoin and Bitcoin Cash, regulatory developments with the SEC and Coinbase, the sentencing of Binance founder Changpeng Zhao, and the launch of EigenLayer's mainnet, all shaping the market.
Disgraced co-founder and former CEO of FTX, Sam Bankman-Fried, expresses remorse for his role in the cryptocurrency exchange's collapse but maintains that he acted in good faith and never thought his actions were illegal; he also expresses empathy for customers and insists the company has enough assets to repay debts.
Solareum, a Telegram trading app for Solana-based tokens, is shutting down after a security breach led to the loss of $523,000 worth of SOL from user wallets, with BONKbot users who exported their private keys to Solareum being among the affected victims. The BONKbot team confirmed that the exploit likely occurred when users imported their private keys into Solareum.
The Wormhole cross-chain protocol will launch its W governance token on Wednesday, with several cryptocurrency exchanges planning to list the token shortly after the airdrop claim opens.
Crypto analyst Cyril-DeFi predicts that the upcoming altcoin season could result in massive returns of 50x to 100x for investors, with key narratives such as Artificial Intelligence, Decentralized Physical Infrastructure Networks, memecoins, Real World Assets, and Game Finance driving the surge in altcoin performance. Other analysts also support this optimistic outlook, highlighting that certain altcoins in the market are presenting promising mid-term investment opportunities, indicating a potential alt season surpassing the gains observed in 2021.
Shiba Budz (BUDZ), a Shiba Inu-like cryptocurrency on the Ethereum network, is attracting attention from Ethereum investors due to its meme coin appeal and potential for substantial gains, making it an attractive investment for diversifying portfolios and maximizing returns.
Former FTX CEO, Sam Bankman-Fried, who was recently sentenced to 25 years in prison for fraud, believes that his victims should be paid at the current market price and expresses remorse for his actions.
The cryptocurrency market reached $2.67 trillion this year, with meme coins showing a positive average price change of over 600%, but there are several meme coins, including Dogecoin (DOGE-USD), Bonk (BONK-USD), and Pepe (PEPE-USD), that may bring losses to investors and require special care to sell in April.
The Bitcoin halving in 2024 is expected to have a significant impact on the crypto market, particularly in terms of Bitcoin price dynamics and crypto mining; three stocks that may be worth considering selling after the halving are MicroStrategy (MSTR), Argo Blockchain (ARBK), and Iris Energy (IREN).
Base, the Ethereum layer-2 scaling network, experienced a record daily trading volume of $1.22 billion at decentralized exchanges (DEXs) due to a surge in trading of meme coins, with Base-native coins like DEGEN and BRETT reaching over half a billion dollars each in market cap. The network also saw a significant increase in daily active wallets interacting with a DEX, indicating its potential as a go-to destination for meme coins within the Ethereum ecosystem.
