Messaging app Telegram will now allow users to purchase advertisements using Toncoin (TON), with channel owners receiving a share of the revenue generated from ads displayed in their channels.
Ripple's CTO, David Schwartz, dismisses the proposal to donate 30 billion XRP to the XRP Ledger Foundation, citing concerns about responsible usage and the inability to predict the future, while also considering the challenges of distributing XRP tokens in escrow.
Bitcoin is expected to reach new all-time highs soon, according to trader and economist Alex Krüger, who points to bullish market structures for several large-cap crypto assets; he also predicts that the cryptocurrency CORE will surpass Stacks in market cap.
The trading volume of altcoins on South Korea's largest cryptocurrency exchange, Upbit, has declined by 75% from its peak in March, raising concerns about the sustainability of their valuations and the overall altcoin rally.
### Summary The upcoming Bitcoin halving event in April 2024 is expected to cause a surge in cryptocurrency prices, with Shiba Inu (SHIB), Pepe Coin (PEPE), and DogWifHat (WIF) predicted to potentially double in price and spike 100% in the charts.
Shareholder Joe Raedle recently decided to sell his position in Block, Inc. due to his loss of trust in CEO Jack Dorsey's capital allocation decisions, citing concerns about the TIDAL acquisition, the price paid for Afterpay, and the company's Bitcoin obsession. However, Raedle acknowledges that Square and Cash App are promising businesses with strong growth potential and highlights their focus on gross profits as a key metric. The company is targeting larger businesses, expanding internationally, and monetizing Cash App through additional financial services. Despite the positive aspects, Raedle remains skeptical of the management's decision-making and chose to exit his position.
CleanSpark Inc., America's Bitcoin Miner, reported mining 806 bitcoin in March, an increase of 24% from February, bringing their total bitcoin holdings to 5,021 and positioning them for potential merger and acquisition opportunities in the industry.
The decentralized finance (DeFi) sector is seeing a surge in the adoption of liquid restaking tokens (LRTs), with a total value locked (TVL) of nearly $8.5 billion, signaling a shift in investment dynamics within the DeFi ecosystem. Leading protocols like EtherFi, Renzo, and Puffer are experiencing unprecedented growth, with EtherFi commanding the highest TVL of over $3.3 billion. EigenLayer, a key facilitator of restaking, has also gained significant traction, surpassing a TVL of $12.4 billion and contributing to the growth of liquid restaking. The trend highlights the emerging potential of liquid restaking as a dominant narrative in the DeFi space.
Bitkub Capital, the owner of Thai crypto exchange Bitkub Online, plans to conduct an initial public offering (IPO) next year, with the IPO expected to value the exchange at around $165 million.
The birth of bitcoin ETFs and investing in artificial intelligence have overshadowed other trends in the ETF market, but analysts predict that single-country and bond ETFs will gain momentum in the second quarter and beyond.
Coinbase, the largest centralized crypto exchange in the US, reported a net income of $273 million for Q4 2023, bringing its net profitability for the year to $95 million, and its CFO, Alesia Haas, discusses the rise of Bitcoin, the differentiation between cryptocurrencies, the need for crypto regulation, and the future of digital assets in finance.
Two federal judges have questioned the classification of Ripple's token XRP as a "non-security" in secondary market sales, putting the July 2023 ruling at risk and potentially leading to a declaration that XRP is an unregistered security.
The price of Bitcoin fell below $70,000 as volatility increased ahead of the anticipated block reward halving, but it remains up almost 4% on the week.
An all-time high of $110 billion in fresh capital has entered the crypto market in the past month, with notable whale activity observed in Dogecoin, while Bitcoin may experience a breakout rally if it surpasses its immediate resistance and maintains its position above the 200 EMA, potentially targeting a price of $74,760.
BlackRock is launching the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), a tokenized asset fund on the Ethereum blockchain, which could potentially revolutionize the world of finance and tap into a trillion-dollar market opportunity.
Degen Chain, a layer-3 blockchain built on top of Base, has seen a surge in transactional volume and a 500% increase in the value of its native DEGEN token since its launch, despite primarily housing speculative tokens and lacking stablecoin support.
A cohort of investors with $100 trillion in wealth is beginning to enter the Bitcoin and crypto market, with the launch of spot BTC ETFs being a major catalyst, according to Bitwise CIO Matt Hougan. Despite $12 billion of inflows into the space, Hougan believes this is just the beginning, as a 1% allocation from global wealth managers would result in around $1 trillion of inflows.
Tether, the world's leading stablecoin issuer, has acquired 8,889 Bitcoin (BTC), bringing its total Bitcoin reserves to over 75,000 BTC worth more than $5.3 billion, showcasing their growing embrace of Bitcoin as an investment asset.
Bitcoin's annualized 30-day historical volatility has surpassed that of Ethereum by nearly 10 percentage points, resulting in the highest spread in at least a year, with factors such as the impending halving and spot ETF inflows contributing to this increased volatility.
A crypto trader turned an initial investment of $113,000 into $3.4 million by trading meme coins on the Base network, demonstrating the profitable potential of these coins; the trader accumulated millions of Degen (DEGEN) tokens, which have seen significant value growth and attracted notable investors, and the shift from Solana to Base meme coins has become a notable trend in the market.
Litecoin price is up over 10% and trading above $105 against the US Dollar, showing positive signs and potentially rising towards the $120 resistance zone.
Anatoly Yakovenko, co-founder of Solana Labs, is skeptical about meme coins contributing to public good and believes personal behavior change towards something good is more important than the financialization of good.
Analyst Bluntz believes that Solana (SOL), Jupiter (JUP), and Dogecoin (DOGE) are poised for upward movement as they complete corrective waves and show bullish patterns.
Blockchain-based tokens represent real-world assets that have been converted into digital tokens through a process called tokenization, offering benefits such as increased accessibility, liquidity, and investment diversification in decentralized finance (DeFi).
Argentina's new president, Javier Milei, who was seen as pro-Bitcoin, has announced new regulations requiring virtual asset service providers to register, sparking backlash from Bitcoin proponents who argue it goes against the freedom of currencies.
The Securities and Exchange Commission (SEC) is potentially delaying the approval of Ethereum exchange-traded funds (ETFs), according to Bitwise's Chief Investment Officer, Matt Hougan, who believes a delay until later in the year may benefit the market by allowing traditional finance more time to understand and embrace crypto.
Crypto analyst Jason Pizzino believes that Ethereum (ETH) and altcoins, including Solana (SOL), could outperform Bitcoin (BTC) in the coming months, with the ETH/BTC pair indicating a potential breakout in May or June.
Coinbase's Layer 2 protocol, Base, has surpassed $1 billion in volume for decentralized exchanges, with its DEX volume surging to $1.2 billion, driven by the dominance of Uniswap and a rise in daily active users.
Dogecoin faces the challenge of reclaiming the $0.20 level as new support, with the potential for a surge to $0.30, while Bitcoin is on the brink of closing above its all-time high.
Hedge fund manager Mark Yusko predicts that Bitcoin will surpass $150,000 this year, suggesting investors allocate 1-3% of their portfolio to Bitcoin as a superior alternative to gold.
The potential for multiple rate cuts by the Federal Reserve can create a favorable environment for Bitcoin prices in both the short and long term, as it contrasts with the fiat model and highlights the benefits of a scarce, distributed currency.
Marathon Digital (NASDAQ:MARA) stock, which is tied to the value of Bitcoin, has a bearish outlook despite strong financial results and the release of advanced firmware for Bitcoin mining rigs, making it potentially attractive to investors who believe in Bitcoin's future growth.
The crypto and NFT gaming space is booming with news, including malware infecting Call of Duty players' Bitcoin wallets, the end of mining in the viral clicker game Notcoin, the launch of the Nyan Heroes pre-alpha demo, Parallel Studios raising $35 million in funding, and various other updates and collaborations in the industry.
Traditional finance portfolio managers have three options: buy Bitcoin now, buy Bitcoin later, or underperform for the next decade, according to economist Alex Krüger, who warns that Bitcoin has outperformed every other financial asset and suggests staying long until the BTC halving.
The hashrate of Bitcoin has more than doubled in one year, allowing the network to store three times more money, as miners continue to contribute to Bitcoin's security and decentralization.
An investor regrets selling a meme coin called DogWifHat (WIF) for $7,000 after initially investing $5,000, as the coin's value soared and it could have been worth $12 million, leading to a loss of over $100,000 and a sense of ruin for the investor.
Ethereum experienced a significant rebound over the weekend, surpassing $3,600, after a brief downturn, showcasing strong performance and reaching an all-time high in the number of ETH addresses holding coins, indicating a bullish outlook and promising prospects in the altcoin market.
A recent breakthrough in cryptographic research has raised concerns about the security of Bitcoin and other digital assets relying on the SHA-256 algorithm, although a direct attack on the Bitcoin network or other cryptocurrencies is highly theoretical and would require significant technical hurdles to overcome.
Over $1.7 billion worth of tokens are set to be released in April, with top token unlock events including Aptos, Axie Infinity, Arbitrum, and Ronin tokens.
MicroStrategy, a software company that holds a significant amount of bitcoin, is trading at a premium to its bitcoin holdings, creating an opportunity for investors to exploit the valuation discrepancy.
The CEO of Lightning Network wallet Strike predicts that the US government's growing debt will lead to increased printing of dollars, driving up the value of Bitcoin as investors seek assets with limited supply.
Bitcoin whales are individuals or organizations with substantial holdings of Bitcoin who have the power to influence the market through their trading tactics, often by making significant asset purchases or sales that result in price fluctuations. They also play a role in driving up demand and value by creating scarcity through their large holdings. Whales employ various trading strategies, including market manipulation, accumulation, long-term holding, diversification, short and long hunting, and stop-loss hunting. Identifying whales requires deep blockchain exploration and vigilant monitoring through on-chain analysis.
A federal judge has declined to dismiss the SEC's ongoing lawsuit against Coinbase, stating that most of the regulator's arguments are plausible and that the SEC has jurisdiction over much of the crypto industry, but legal experts are surprised that the judge found so much of the SEC's logic sound; furthermore, FTX founder Sam Bankman-Fried has been sentenced to 25 years in federal prison for criminal fraud at his crypto exchange, with opinions divided on whether the sentence is sufficient or too lenient.
BitMEX founder Arthur Hayes believes that memecoins have a positive impact on blockchain ecosystems by bringing attention and value, despite criticisms about their intrinsic value.
Bitcoin and Ethereum present unique buying opportunities as both cryptocurrencies have long-term upside potential and near-term catalysts, such as the upcoming halving event for Bitcoin and potential launch of new spot Ethereum exchange-traded funds (ETFs), that could boost their prices significantly. However, regulatory actions by the Securities and Exchange Commission (SEC) could pose a risk to the crypto market's current enthusiasm. Nonetheless, Bitcoin and Ethereum remain market leaders with real-world use cases and extensive blockchain ecosystems, making them attractive long-term investments.
Coinbase's Ethereum layer-2 network, Base, has achieved a new trading volume record of over $1 billion in decentralized exchanges in just 24 hours, with a 25% increase from the previous day, leading to speculation that it could become a hub for memecoins.
Cryptocurrency exchange Binance has revealed plans to support an Ethereum-based altcoin called Ethena via its Launchpool platform, which allows users to stake coins and farm new assets, with the project aiming to offer a crypto-native solution for money independent from traditional banking infrastructure. The exchange will list the asset on April 2nd after users stake BNB and First Digital USD into separate pools to farm ENA.
Warren Buffett's investment conglomerate, Berkshire Hathaway, is experiencing significant gains from its indirect stake in a Brazilian fintech company that operates in the crypto market, despite Buffett's aversion to Bitcoin and cryptocurrencies.
MicroStrategy Chairman Michael Saylor argues that Bitcoin's primary purpose is not as a digital currency but as digital property for capital preservation, competing with gold rather than serving as a medium of exchange, sparking a debate within the Bitcoin community.
Custodia Bank loses bid for Federal Reserve master account, dealing a blow to the crypto industry, as Coinbase and Ripple also face legal challenges with US authorities.