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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
Apr / 22
- Bitcoin ETFs Soar with $30.4 Million Inrush as Investors Bet on Halving Payouts
- Apr 22, 2024 at 11:01 am
- Bitcoin ETFs witnessed a $30.4 million inflow on April 19th, snapping a week-long outflow streak as investors anticipate the cryptocurrency's halving event and adjust portfolios strategically. This surge marks a reversal from previous outflows attributed to Grayscale Bitcoin Trust ETF (GBTC) and indicates growing investor optimism ahead of anticipated value increases. The halving event also triggered a surge in network fees, with users paying over $2.4 million in fees for limited block space in the fourth Bitcoin halving block.
- Experts Predict Trillion-Dollar Market Cap for Bitcoin as Fourth Halving Approaches
- Apr 22, 2024 at 11:01 am
- As Bitcoin's fourth halving approaches, analysts anticipate a significant surge in value, potentially reaching a staggering $35 trillion market cap. This reduction in mining rewards from 6.25 to 3.125 Bitcoin per block is poised to reshape the cryptocurrency's economics, amid growing global anticipation and mixed predictions from experts.
- Bullish Sentiment Surges as Bitcoin Prepares for 2024 Halving Event
- Apr 22, 2024 at 11:01 am
- As the 2024 Bitcoin halving event concludes, analysts predict a bullish future for BTC, projecting unprecedented price levels based on historical trends and fresh institutional interest. Despite recent declines and the slow inflow from ETFs, optimism persists, with the combination of nearly all BTC being mined, early investor via ETFs, increasing demand for inflation hedges, and increased utility cited as bullish factors.
- Binance System Upgrade to Temporarily Disrupt Trading Activities
- Apr 22, 2024 at 11:01 am
- Binance, a prominent cryptocurrency exchange, has announced a substantial system upgrade scheduled for April 23rd, potentially causing temporary disruptions to trading activities. Users holding SHIB, XRP, BTC, and other cryptocurrencies should anticipate potential service interruptions during the maintenance window, including pauses in trading, login difficulties, and new user registration limitations. Binance advises customers to prepare accordingly to minimize inconveniences during this scheduled upgrade.
- Saylor's Stock Sale Fuels Anticipation of Expanded Bitcoin Acquisitions
- Apr 22, 2024 at 11:01 am
- Michael Saylor, Executive Chairman of MicroStrategy, recently sold 90% of his planned stock shares, resulting in a $370 million profit. With the remaining 10% left to sell, Saylor hints at further Bitcoin acquisitions next week, suggesting that MicroStrategy may continue its strategy of purchasing Bitcoin in anticipation of price increases.
- Wealth Managers Embrace Bitcoin ETFs amid Market Evolution
- Apr 22, 2024 at 11:01 am
- In a statement, Bitwise CEO Hunter Horsley predicts a substantial increase in Bitcoin ETF adoption among wealth management firms towards the end of the year. Horsley's forecast aligns with the anticipated surge in popularity of Bitcoin ETFs post-halving. Despite Grayscale's initial dominance, BlackRock's iShares Bitcoin Trust (IBIT) is swiftly closing the gap, highlighting the shift in preference towards specialized banks embracing Bitcoin ETFs.
- Satoshi Nakamoto's Vision Emerges: Uncovered Emails Illuminate Bitcoin's Roots and Philosophy
- Apr 22, 2024 at 11:01 am
- As Bitcoin approaches its fourth halving, newly unearthed emails from creator Satoshi Nakamoto provide insights into its origins and philosophy. Nakamoto's vision of Bitcoin as a sustainable, scalable currency is revealed, emphasizing its potential as a medium of exchange and energy efficiency compared to traditional banking. The emails also highlight Nakamoto's foresight in anticipating widespread adoption and the importance of scalability.
- Wealth Management Firms Ramp Up Bitcoin ETF Investments Amid Market Dynamism
- Apr 22, 2024 at 11:01 am
- Wealth management firms in the US are predicted to increase their investments in Bitcoin exchange-traded funds (ETFs) due to rising demand for cryptocurrency investments following the recent Bitcoin halving, according to Bitwise CEO Hunter Horsley. This trend is evidenced by the recent inflows into Bitcoin ETFs and the steady growth of BlackRock's iShares Bitcoin Trust (IBIT), which is narrowing the gap with Grayscale's Bitcoin Trust (GBTC).
- Crypto: The Game Winner Donates $210,000 Prize to Tornado Cash Legal Defense
- Apr 22, 2024 at 11:01 am
- The second season of Crypto: The Game, a competitive reality TV-inspired event, concluded with an anonymous winner, Player 733, donating their entire prize pool (nearly $210,000) to a legal defense fund supporting Ethereum coin mixer Tornado Cash developers facing money laundering charges. Amidst a diverse player pool and evolving game mechanics, a group of individuals, including former contestant Eva Beylin, orchestrated a campaign to secure the victory and redirect the funds to the legal fund, citing privacy concerns and the significance of the season's theme, "Anon Island."
- Bonk Token Soars 43% Amidst Meme Coin Resurgence and Treasury Burn Proposal
- Apr 22, 2024 at 11:00 am
- BONK, a dog-themed cryptocurrency on the Solana blockchain, skyrocketed 43% amidst a surge in meme coins and a proposed treasury burn of 280 billion tokens, revitalizing investor interest and potentially signaling market stability.
- Uniswap Bull Run Imminent as Whale Movement, TVL Recovery Signal Market Surge
- Apr 22, 2024 at 11:00 am
- A recent uptick in exchange withdrawals and a negative MVRV ratio suggest a potential rally for Uniswap (UNI). Despite earlier FUD, the project's TVL growth indicates restored trader confidence. Whale withdrawals of UNI and COMP tokens further hint at a positive outlook for DeFi tokens.
- FTX Announces Auction To Sell Remaining Locked Solana Tokens
- Apr 22, 2024 at 11:00 am
- Amidst the FTX bankruptcy proceedings, the exchange is preparing to auction off its remaining locked Solana (SOL) tokens rather than selling them at a fixed price. The sale date and details are yet to be announced. Notably, FTX has already sold around two-thirds of its 41 million locked tokens to industry players like Galaxy Digital and Pantera for approximately $2.6 billion, with an average price of $60 per token.
- AI Arms Race Escalates: Asia-Pacific and US-China Rivalry Heat Up
- Apr 22, 2024 at 11:00 am
- In the global battle for AI supremacy, Asia-Pacific markets are investing heavily in generative AI, projected to reach $26 billion by 2027. Meanwhile, a global AI arms race is brewing, with the US and China competing to weaponize the technology. The Biden administration has brokered a deal with AI firm G42 in the UAE to divest from China, while China and Russia collaborate on military AI applications. The Pentagon continues to research AI's potential for warfare, fearing that China or other nations may gain an advantage. Weaponized AI is already being used by Israel and the US, raising concerns about its ethical implications and the potential for autonomous killing machines. The race is on to see which nation will fully harness AI's military capabilities, with potentially dire consequences.
- BlockDAG: Revolutionary DAG Technology Reinvents Digital Finance Landscape
- Apr 22, 2024 at 11:00 am
- BlockDAG is poised to revolutionize digital currency with its DAG technology, eclipsing the TON ecosystem and outpacing Aptos price predictions. Its impressive 10,000-15,000 TPS capability enhances transaction speed, scalability, and security. BlockDAG's innovative approach positions it as a prime investment opportunity, supported by its strategic partnership with HumanCode and the upcoming release of a groundbreaking keynote video from the moon.
- Bitcoin and Ethereum Surge After Halving Volatility Subsides
- Apr 22, 2024 at 10:50 am
- Amidst market volatility, Bitcoin and Ethereum have rebounded. Bitcoin has reclaimed the $66,000 mark, while transaction fees surged to an all-time high due to the launch of the Runes protocol. Ethereum has stabilized above $3,000, and Hong Kong is set to approve Bitcoin and Ethereum spot ETFs, potentially injecting $25 billion into the market.
- Fourth Halving Marks Watershed Moment in Bitcoin's Evolution
- Apr 22, 2024 at 10:44 am
- Amidst the approach of Bitcoin's halving day, the cryptocurrency market experienced significant price fluctuations influenced by both excitement and concern among investors. Despite a notable downturn, Bitcoin demonstrated its resilience by bouncing back from setbacks, showcasing its ability to withstand external pressures.
- Bitcoin's Grit Amidst Turmoil: Stability and Altcoin Surge Post-Halving
- Apr 22, 2024 at 10:44 am
- Amidst geopolitical turmoil, Bitcoin (BTC) has showcased its resilience, recovering from price dips and maintaining a relatively stable position around $64,000. The recent conflict between Israel and Iran caused fluctuations, but BTC's ability to withstand external pressures highlights its global digital asset status. Notably, altcoins such as ADA and ICP have gained traction, demonstrating the diversity and dynamism of the cryptocurrency market. Tether's announcement to launch its stablecoins on the Ton network further reflects the growing adoption and interoperability within the crypto ecosystem. Investors navigating this volatile landscape should stay informed and adapt to the evolving dynamics, positioning themselves strategically for emerging opportunities.
- Meme Coins: Emerging Giants with Explosive Growth Potential
- Apr 22, 2024 at 10:40 am
- The meme coin market, with a staggering valuation of over $49B and daily trading volume of over $6B, presents lucrative investment opportunities. In this article, we highlight three promising meme coins that could potentially yield significant returns in Q2: KangaMoon (KANG), Pepe (PEPE), and Bonk (BONK). KangaMoon, with its growing reputation and soaring presale, stands as a potential blue-chip investment. Pepe, ranked as the fourth largest meme coin, maintains its popularity and shows promising growth potential. Bonk, a Solana-based meme coin, has witnessed an impressive bullish run and exhibits strong market indicators for further gains.
- BlackRock Spot Bitcoin ETF Soars, Chinese Competitors Enter Market
- Apr 22, 2024 at 10:23 am
- BlackRock's Bitcoin ETF (IBIT) has experienced an unprecedented 69-day surge in inflows, with net inflows reaching $15.42 billion. While BlackRock's success has been attributed to strong branding and competitive fees, the entry of Chinese spot Bitcoin ETFs, such as those conditionally approved for Bosera, HashKey, and Victory Securities, is expected to impact the market. Bloomberg analyst Eric Balchunas has downplayed their potential, citing the limited size and accessibility of the Hong Kong ETF market.
- Solana Memecoin Presales: $26.7 Million Vanishes as 12 Projects Abandoned
- Apr 22, 2024 at 10:23 am
- In the past month, 12 Solana presale memecoins, including "I like this coin" (LIKE) and MOONKE, have allegedly been abandoned after raising a combined $26.7 million, according to independent blockchain investigator ZachXBT. These projects have witnessed significant price drops since launch, with LIKE losing 99.2% and MOONKE failing to gain traction. Notably, one project raised $812,000 without ever launching a token.