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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 / 30
- Hong Kong's Bitcoin ETFs: Low Volume Debut, Lacking US Counterparts' Hype
- Apr 30, 2024 at 10:01 pm
- Hong Kong's newly launched spot Bitcoin and Ethereum ETFs have recorded underwhelming trading volumes, falling significantly short of their US counterparts. The total trading volume for these ETFs reached just $11.2 million, a stark contrast to the $4.6 billion achieved by inaugural trading of similar ETFs in the United States.
- Coinbase Unleashes Lightning Revolution, Transforming Bitcoin Transactions
- Apr 30, 2024 at 10:01 pm
- Coinbase, the leading US crypto exchange, introduces support for the Lightning Network, offering users an efficient and affordable way to send, receive, and make payments with bitcoin. Previously, Coinbase transfers occurred on-chain, resulting in transaction delays and high fees during peak network activity. The Lightning Network, launched in 2017, is a Layer 2 protocol built on the Bitcoin blockchain that facilitates high-speed, low-cost transactions off-chain. By partnering with Lightspark, Coinbase aims to revolutionize its Lightning Network integration, enabling users to effortlessly and cost-effectively transfer bitcoin globally, with fees significantly reduced compared to other payment methods.
- BlackRock's Bitcoin ETF Freeze Raises Market Concerns Amidst Outflows
- Apr 30, 2024 at 10:01 pm
- BlackRock's spot Bitcoin ETF, IBIT, has halted inflows for the first time since its launch, raising concerns within the crypto community. IBIT's 71-day inflow streak ended abruptly on April 24th, with the fund's holdings remaining unchanged at 274,462 BTC over the past four trading days. While some observers speculate that this may indicate a shift in investor sentiment, others argue that zero inflows are not uncommon in ETFs and that IBIT's previous inflow streak was an exception rather than the norm.
- Spot Bitcoin ETFs Experience Capital Exodus Amidst Market Pullback
- Apr 30, 2024 at 10:01 pm
- Last week's Bitcoin spot ETF outflows continued on April 29, with 11 US funds recording a cumulative $51.53 million in exits. Grayscale's GBTC experienced $24.66 million in outflows, while ARK 21Shares' BTC ETF saw $31.34 million withdrawn. BlackRock's IBIT fund, despite being the new market leader, also faced outflows of $6.85 million, marking a four-day streak of no inflows.
- Omnity's Runes Integration Revolutionizes Bitcoin Interoperability and Economic Power
- Apr 30, 2024 at 10:01 pm
- Omnity, an interoperability protocol, has integrated Runes, a Bitcoin meta-protocol enabling fungible token trading. This integration enhances Bitcoin's utility and reduces network congestion, facilitating its expansion into broader economic functions. Omnity provides core functionality for Runes tokens, including cross-chain transfers through twin tokens, and plans to introduce shared security and restaking features in the future.
- Ark Invest's Cathie Wood Sets Bullish Bitcoin Price Target of $3.8 Million by 2030
- Apr 30, 2024 at 10:01 pm
- Cathie Wood, CEO of Ark Invest, has increased her Bitcoin price prediction to $3.8 million by 2030, citing potential institutional adoption. If her prediction holds true, a $1,000 investment in Bitcoin today could be worth over $60,000 by 2030, representing a compound annual growth rate of over 100%. However, it is important to note that Wood's projections are speculative and may not come to fruition.
- Bitcoin Slumps as Crypto ETFs Fizzle in Hong Kong, US Counterparts Falter
- Apr 30, 2024 at 10:01 pm
- Amid the launch of Hong Kong's Bitcoin and Ether ETFs, Bitcoin's value has declined further, with limited investor interest resulting in volumes far below expectations. The broader crypto market has witnessed a downturn, with major cryptocurrencies such as Ether, Solana, and Dogecoin shedding significant value.
- Polkadot and Ethereum Classic Surge, Raffle Coin Presale Captures Attention
- Apr 30, 2024 at 10:01 pm
- As the crypto market stabilizes, investors are turning their attention towards promising presales such as Raffle Coin, which offers significant growth potential. While Polkadot consolidates after recent gains, and Ethereum Classic gears up for further upside, Raffle Coin's presale presents an opportunity for early adopters to capitalize on the project's high-engagement gaming platform and lottery-style draws.
- AI 加密货币占据中心舞台：Render、Raboo 和 The Graph 引领创新
- Apr 30, 2024 at 10:01 pm
- AI cryptos have taken the crypto market by storm, with Render (RNDR) leading the charge in 3D and graphic rendering, Raboo (RABT) emerging as a meme-focused AI DeFi solution, and The Graph (GRT) bringing data indexing to Web3. While Render and The Graph have established their presence, Raboo's innovative approach and recent presale success position it as a potential challenger in the AI crypto space, offering cost-effective and accessible rendering solutions, an inclusive DeFi community, and AI-powered meme capabilities.
- Bitcoin Surges Past $66,000, Fueling Altcoin Boom
- Apr 30, 2024 at 10:01 pm
- Amidst rising Bitcoin prices and bullish sentiment, DTX Exchange introduces 1,000X leverage, while BlockDAG surpasses 15,000 TPS. Solana's ongoing network issues prompt investors to explore new projects, with DTX and BDAG emerging as promising candidates poised for explosive growth due to their innovative features and potential to outperform established coins in this market cycle.
- Crypto Emerge as Safe Havens in Troubled Argentina, Turkey
- Apr 30, 2024 at 10:01 pm
- Amidst economic turmoil and soaring inflation in countries like Turkey and Argentina, cryptocurrencies have emerged as safe havens. Data reveals Turkey's crypto ownership rate at 27.1% and Argentina's at 23.5%, far exceeding the global average of 11.9%. Stablecoins pegged to traditional assets like the US dollar have gained popularity as an alternative to depreciating local currencies.
- Hipposol: The Memecoin Revolutionizing Crypto with Laughter, Innovation, and Community
- Apr 30, 2024 at 10:00 pm
- Hipposol, an emerging Solana-based memecoin, has captured widespread attention for its novel approach and potential to challenge the dominance of rivals like BONK. With a community-centric ethos that emphasizes inclusivity, Hipposol has garnered over 10,000 dedicated members across social media platforms. Its innovative tokenomics, strategic partnerships, and commitment to transparency position it as a promising player in the cryptocurrency market.
- Hong Kong Spot Bitcoin and Ethereum ETFs Disappoint on Debut
- Apr 30, 2024 at 10:00 pm
- Hong Kong's newly launched spot Bitcoin and Ethereum exchange-traded funds (ETFs) had a subdued debut, failing to meet initial trading volume expectations. Despite substantial initial issuance sizes, market interest appeared restrained, with the six ETFs accumulating a combined $11 million in trading volume, significantly below the anticipated $100 million. The muted response contrasts with the strong performance of US-based spot Bitcoin ETFs, which saw a volume of $655 million on their inaugural trading day in January.
- AI Crypto Challenger InQubeta Surges on Bitcoin's Post-Halving Momentum
- Apr 30, 2024 at 10:00 pm
- Following a brief dip, the cryptocurrency market has rebounded strongly, with a 5.3% surge in market cap to $2.47 trillion. Bitcoin has regained momentum, steadying at $66,000 after its halving. InQubeta (QUBE), a contender to Render (RNDR), has gained investor trust as it transforms the AI crypto market with fractional investment features in AI startups. InQubeta's services and innovative NFT marketplace, combined with a deflationary token model, position it as a promising altcoin to watch, with analysts anticipating maximum returns before year-end.
- Cryptocurrency Wallet Sizes Drive Market Fluctuations, Says Santiment
- Apr 30, 2024 at 10:00 pm
- Fluctuations in cryptocurrency prices are influenced by the varying behaviors of different wallet sizes. Small wallet holders, often driven by fear or impatience, initiate sell-offs that attract "whales" to buy at lower prices. Conversely, when small investors buy simultaneously with whale sell-offs, market crashes often occur. Understanding the interplay between these groups through data from Santiment helps predict market trends, especially during significant events like the 2024 Bitcoin halving.
- Giant Hail in Spain May Have Been Fueled by Climate Change
- Apr 30, 2024 at 10:00 pm
- A 2022 Spanish hailstorm which killed one and injured dozens may have been fueled by climate change. Computer simulations suggest that, with a preindustrial climate, the storm would have produced smaller hailstones, co-author Juan Jesús González-Alemán of the Spanish State Meteorological Agency said. González-Alemán says a six-week marine heat wave may have energized the atmosphere. Simulations show the storm would have produced smaller hailstones in a preindustrial climate.
- Shake Shack Crosses Border for Canadian Debut
- Apr 30, 2024 at 09:58 pm
- Shake Shack, a popular American fast-food chain, is making its Canadian debut in Toronto at the iconic Yonge-Dundas Square. The menu will be largely similar to that in the US, with signature items such as burgers, crinkle-cut fries, and milkshakes. However, Shake Shack will also introduce a maple salted pretzel milkshake exclusive to Toronto, as well as offer beer and wine, which is uncommon for Canadian fast-food restaurants. Despite the competitive Canadian market, the company is confident in its premium offerings and plans to expand to other provinces in the future.
- Crypto Market Quakes as Investors Jump Ship to Rising Contenders
- Apr 30, 2024 at 09:55 pm
- Amidst the crypto market downturn and Ethereum's regulatory challenges, investors seek refuge in Furrever Token (FURR). FURR's impressive 15X ROI potential and innovative cat-themed design attract investors disillusioned by ETH's 5% price decline and Shiba Inu's (SHIB) expanding utility but fluctuating prices. With a robust community, security, and user-friendly platform, FURR emerges as a promising alternative amidst the shifting market landscape, offering refuge for investors seeking substantial gains and a unique crypto experience.
- Venezuelan Digital Currency Adoption Raises Regulatory Concerns, Bypasses Oil Sanctions
- Apr 30, 2024 at 09:52 pm
- Venezuela's exploration of digital currency as a means to navigate oil sanctions has garnered significant attention. Amidst PDVSA's escalating embrace of digital assets for crude oil and fuel trading, concerns have surfaced regarding potential regulatory requirements. As reported by Reuters, the shift emerged after the Biden administration's decision to reinstate sanctions on Venezuela's oil sector. This development has prompted Venezuelan opposition figure Leopoldo Lopez and Chainalysis director Kristofer Doucette to urge democratic nations to take action.
- Bitcoin's Bullish Run May Be Cooling: Expert Analysis Warns
- Apr 30, 2024 at 09:42 pm
- According to veteran chart analyst Peter Brandt, the ongoing bull market for Bitcoin (BTC) may have reached its peak. Brandt, who previously predicted a bullish cycle extending to September 2025 with potential highs of $200,000, has revised his forecast based on the "exponential decay" theory.
