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🟠 Binance Wallet Integrates 💰 Bitcoin Atomical ARC-20 Assets
Binance has announced the integration of ARC-20 tokens into its Inscriptions Marketplace, allowing regular users to join the cutting-edge Bitcoin tokenization. ARC-20 is a new token standard that enables the creation of fungible (interchangeable) tokens that can be held and transferred directly on the Bitcoin blockchain. This is made possible by the Atomicals Protocol which utilizes Bitcoin’s native satoshis and transaction tracking system.
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💰 Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges
Marathon Digital reported a significant year-on-year surge in its Bitcoin production last month, defying expectations surrounding the halving event. In its April operational report, Marathon revealed that it produced 850 BTC, marking a notable 21% increase on the year-on-year metrics. This uptick is primarily attributed to the 15% boost in its operational hashrate, now standing at 21.1 exahash.
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🏦 Coinbase's Q1 earnings jump to $1.6 billion as transaction revenue soars
Coinbase had a bumper first quarter, reporting $1.6 billion in revenue, an increase of 72% from the previous quarter, the company said after today's closing bell. The company also reported a huge swing in net income, registering of $1.18 billion for the quarter, compared to a loss of $79 million in the same period of last year. Coinbase also generated $1.01 billion in EBITDA. Earnings of $4.04 per share beat the consensus estimate of $1.15 per share, according to MarketWatch data.
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🪙 Tether reports record $4.52 billion profit in Q1 despite shrinking market share
Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments.
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🇷🇺 Russia to Enact a Ban on Domestic Operations Of Cryptocurrency Exchanges
Russia is preparing to enact a ban on the organization of cryptocurrency exchanges in the country via the approval of a bill that regulates mining activities. According to statements made by Russian Duma Financial Market Chairman Anatoly Aksakov, digital financial assets like the digital ruble will be allowed to circulate.
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🪙 Tether invests $200 million to reach ‘ultimate’ goal of putting computers in people’s brain
Tether, the largest company in the digital asset industry, has announced a strategic investment of $200 million into Blackrock Neurotech, a leading pioneer in Brain-Computer-Interface (BCI) technology. This significant move marks the unveiling of Tether’s new venture division, Tether Evo, which CEO Paolo Ardoino describes as “the ultimate pillar of its long-term vision and strategy.”
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🇺🇸 DOJ challenges motion to dismiss Tornado Cash co-founder’s charges
The United States Department of Justice (DOJ) has opposed a motion to dismiss conspiracy and money laundering charges against Tornado Cash co-founder Roman Storm arguing that filing raised disputed facts for jury consideration, which is unsuited for early-stage motions. In the DOJ’s response, the prosecutors analyzed why the Tornado Cash co-founder should answer for the alleged crimes levied against him.
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💰 Bitcoin Cannot Grow Without the Spot Bitcoin ETFs: Report
Spot Bitcoin ETFs have been a major catalyst in driving BTC to establish an all-time high months before its fourth halving. According to a new report by Ecoinometrics, Bitcoin cannot grow further without those products. These funds appear to have “stopped accumulating coins” (in aggregate) for more than a month, which can be a cause of concern for the leading asset’s future price trajectory.
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💰 Franklin Templeton tokenizes $380 million US government money fund on Polygon, Stellar
Franklin Templeton has tokenized a $380 million treasuries fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries. The company has launched the Franklin OnChain United States Government Money Fund (FOBXX), offering shares as BENJI tokens. Each token represents a share of the FOBXX and is tradable on the public Polygon and Stellar blockchains.
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💰 'Buy Bitcoin' sign from Janet Yellen's 2017 speech sold for $1 million
A piece of notebook paper with the sign “Buy Bitcoin” — famous for appearing on broadcast behind then-United States Federal Reserve Chair Janet Yellen in 2017 — was sold for 16 , or about $1.027 million. The sign was handed over to the highest bidder, the pseudonymous “Squirrekkywrath,” after a week-long auction Wednesday at the Pubkey Bar in New York. The original “Bitcoin Sign Guy,” Christian Langalis — who posted the auction himself on auction platform Scarce City — also attended the event.
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🇭🇰 Hong Kong's 'in-kind' spot bitcoin and ether ETFs to start trading April 30
Hong Kong has officially cleared the way for six crypto-based spot ETFs to begin trading on April 30, according to Bloomberg analysts. Initially, three spot bitcoin and three spot ether exchange-traded funds will become available, allowing investors to wager on the price of the two dominant cryptocurrencies without having to buy them directly. Earlier this month, Hong Kong approved several spot bitcoin ETFs and spot ether ETFs managed by China Asset Management, Harvest Global, Bosera and HashKey.
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💰 ViaBTC auctions 'epic sat' after mining Bitcoin's halving block and holding back rewards
Bitcoin mining pool ViaBTC is auctioning the "epic sat" after mining Bitcoin's fourth halving block on Friday and setting aside 40.75 ($2.6 million) in rewards. "The auction for Sat 1,968,750,000,000,000 — 1 of only 4 epic sats in the Bitcoin ecosystem — has officially begun!," ViaBTC posted on its official X account earlier on Tuesday. "We're thrilled to partner with [crypto exchange] CoinEx Global for this monumental event.".
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💰 Grayscale Announces Low-Fee Bitcoin ETF Spinoff for Investors!
Grayscale, renowned for its spot Bitcoin ETF GBTC with a 1.5% fee, is shaking up the market with a new spinoff fund boasting a drastically reduced fee of 0.15%. This move, announced through Grayscale’s latest filing, aims to introduce the lowest fee among all available spot Bitcoin ETFs. The forthcoming Grayscale’s Bitcoin Mini Trust (BTC) is set to inherit 10% of GBTC’s assets, providing shareholders with a tax-free transition into the new fund, shielding them from capital gains tax liabilities.
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💰 Grayscale’s Mini Bitcoin ETF ‘cheap’ fees are ‘hypothetical’ — analysts
Grayscale Investments' has declared its upcoming "mini" version of the Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) will be almost a tenth cheaper than the current GBTC fees, making it the most cost-effective option among the approved spot Bitcoin ETFs. “This is pro-forma financials and as such hypothetical,” Balchunas explained in an April 20 post on X, arguing that while changes are possible before launch, the fees were intended to catch investors’ attention.
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💰 Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards
Bitcoin’s latest halving event occurred at block 840,000 which was mined by Viabtc on Friday evening. Additionally, the mining pool SBI Crypto unearthed the final 6.25 BTC block reward at block height 839,999. Starting with block 840,000, the reward has been reduced to 3.125 BTC per block. The mined block also achieved a whopping 37.626 BTC in transaction fees.
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🇺🇸 New York Resident Charged in $43 Million Crypto-Related Ponzi Scheme
The FBI apprehended Idin Dalpour for a $43M Ponzi scheme involving a Las Vegas hospitality enterprise and a crypto trading operation. The 39-year-old New York resident is accused of organizing a sophisticated Ponzi scheme that allegedly defrauded investors of $43 million. According to the indictment, he ran the Ponzi scheme from approximately 2020 through April 2024. He targeted investors in the United States and abroad, soliciting investments through an entity he controlled called “Entity-1.”
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💰 BitMEX co-founder Arthur Hayes believes Bitcoin may rally back toward $70,000 amid 'stealth money printing'
Arthur Hayes, the co-founder and former CEO of BitMEX who now manages a family office named Maelstrom, said he expects bitcoin to rally back to $60,000, then range between $60,000 and $70,000 until August. In a blog post early Friday, Hayes said the slow addition of billions of dollars of liquidity each month would dampen negative price movements going forward, reversing the common sentiment on the seasonality of markets by suggesting “buy in May, go away.”
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🇺🇸 Arkansas governor to reportedly sign two bills regulating crypto mining activities
Arkansas State Governor Sarah Huckabee Sanders is expected to sign two new bills regulating crypto mining activities within the state, according to various sources. The state lawmakers passed Senate Bills 78 and 79 on May 1 to tighten the regulations governing crypto miners in the state. These legislative initiatives respond directly to concerns raised following the passage of Act 851. Although Act 851 sailed through the 2023 regular session, it has faced backlash for its perceived lack of oversight regarding crypto mining activities.
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🇺🇸 US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million
Since April 24, 2024, U.S. spot bitcoin ETFs have experienced five straight days of net outflows totaling $635 million. The most significant reduction occurred last Thursday, when BTC-centric ETFs offloaded $217.6 million. Yesterday’s activity ranked as the second highest, with $161.6 million exiting the funds. Notably, GBTC has consistently posted outflows daily since it began trading on Jan. 11, 2024, shattering all previous ETF outflow records ever documented.
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💰 Ripple teams up with HashKey DX on blockchain-based supply chain finance in 🇯🇵 Japan
Crypto firm Ripple is expanding its XRP Ledger (XRPL) enterprise solutions to Japan through a strategic collaboration with HashKey DX, the Tokyo-based specialized consulting company of the HashKey Group, according to an April 30 statement. In this partnership, HashKey DX will work alongside Ripple and SBI Ripple Asia—a collaboration between SBI Holdings and Ripple—to develop and implement supply chain finance solutions tailored for the Japanese market.
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📊 Tether, USDC and DAI transaction volume surpasses Visa's 2023 monthly average: Nansen
Crypto's three largest stablecoins — Tether , USDC and DAI — have seen higher volumes in the past 30 days than Visa’s average monthly total from last year, according to onchain specialist Nansen. Nansen data showed that the largest stablecoin by market capitalization, Tether, processed $654 billion in the past 30 days, while DAI managed over $394 billion of flows and USDC saw $321 billion in trading volume.
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🇷🇺 Russian Duma considers exchange ban as Beribit clients demand crypto, receive chocolate
The troubles began with reports of a raid by Russian authorities on the offices of crypto exchange Beribit at the end of March, allegely in connection to the Crocus City Hall terrorist attack. Then, Beribit, which is an officially licensed exchange in Russia, announced on Telegram that during a change in leadership, discrepancies in the company's financials were found and an audit had to be undertaken.
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💰 Fidelity’s spot bitcoin ETF records outflow for first time
Fidelity’s spot bitcoin exchange-traded fund saw daily net outflows of $22.61 million on Thursday, becoming the first day the ETF saw more funds move out since its January listing, according to SoSoValue data. Several other U.S. bitcoin funds reported daily outflows, totaling a drainage of $217.58 million. Grayscale’s converted ETF lost $139.37 million, while Ark Invest and 21Shares’ fund saw $31.34 million move out, SoSoValue data showed. Valkyrie’s fund lost $20.16 million and Bitwise saw an outflow of $6 million.
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🇪🇺 EU's anti-money laundering bill passes final vote, here's what's next for crypto-asset service providers
The European Parliament adopted new rules that would formally put in place due diligence requirements for crypto firms in a bid to combat money laundering. The European Parliament voted on Wednesday to adopt a package of laws that would in part enhance "due diligence measures and checks on customers’ identity" including so-called crypto asset managers. They would also have to report suspicious activities to authorities.
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🇺🇸 SEC asks for comments on BlackRock's amended spot Ethereum ETF proposal
The U.S. Securities and Exchange Commission is asking for public comments on changes made to BlackRock's proposed spot Ethereum exchange-traded fund. The world's largest asset manager is vying along with others for a spot Ethereum ETF, though optimism that one could get the SEC's greenlight in the next month has diminished. BlackRock filed for its spot Ethereum ETF in November 2023.
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💰 Grayscale’s Mini-Bitcoin ETF to Have Lowest Fees on The Market
Grayscale’s new mini-Bitcoin exchange-traded fund will be a market leader in terms of fees, according to a recent filing. The world’s largest asset manager is aiming to retain its position as leader of the spot Bitcoin ETF market following a massive exodus of capital from its flagship GBTC product. In order to do this, Grayscale has applied for a smaller Bitcoin ETF with highly competitive fees to compete with its ten rivals.
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📊 CEX Trading Volumes Nearly Triple Since October 2023: Bybit
Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. Bybit Exchange emerged as one of the fastest-growing platforms, showing a remarkable 264% growth in trading volumes. Additionally, the U.S.-based exchange Coinbase experienced an uptick in volumes, rising by 193%, slightly below the industry’s average growth rate of 255%.
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🇰🇷 Crypto.com denies reports that South Korean regulator is delaying local unit leadership change
Crypto.com has denied a local media report that said the firm might have encountered a roadblock in entering the South Korean crypto market, as the local financial regulator could be deferring the approval of a local entity's transition of executive leadership. The global cryptocurrency exchange announced on April 2 that it is launching a local trading platform in South Korea, which hosts one of the largest crypto markets in the world. The
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💰 Bitcoin network completes the fourth-ever ‘halving’.
The Bitcoin network completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25.
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