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🇺🇸 Texas A&M Professor Korok Ray presents that 💰 Bitcoin “is the first time in the history of human kind where we see the value of scarcity illustrated”
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Top 5 Daily Gainers & Losers
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💰 MicroStrategy launches an enterprise platform for building decentralized identity applications on Bitcoin — MicroStrategy Orange
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🥇 Bitcoin and a handful of altcoins were down around 7%-10% over the last 24 hours. Here are several factors:
1. Several macro data is being released this week and had investors spooked. Particularly, there is a declining probability of US interest rate cuts this month, and rumors of possible rate hike considerations
2. Over the last 24 hours, 115,804 traders were liquidated for a whopping $387.91m.
3. US Spot BTC ETFs saw an outflow of $161m yesterday
4. Hong Kong’s Bitcoin and Ether ETFs failed to meet expectations
5. RSI divergence indicators suggest a bearish trend, as it was in the "overbought" area during the US BTC ETFs launch
6. More BTC miners approach shutdown levels amid price drop below $57,000
It is important to note that during the 2015-2017 bull market, over 13 different 20% pullbacks occured. Price swings are quite normal and sometimes good for the markets.
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Top 5 Daily Gainers & Losers
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💰 Bitcoin's 61-Day Streak Above $60K Threatened, $271M in Liquidations as BTC Nears Critical Threshold
Bitcoin prices experienced a notable decline on Tuesday, dropping more than 2% against the U.S. dollar in the last 24 hours, following a 7.8% decrease over the previous week. Global trading volumes on spot crypto exchanges have remained subdued, and in the past day, derivatives exchanges saw $271 million in both short and long positions liquidated.
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🇭🇰 Hong Kong Bitcoin, Ethereum ETFs expected to outperform US counterparts’ volume on day 1
Hong Kong braces for the debut of its first spot Bitcoin and Ethereum ETFs, expectations are soaring that the initial trading volumes will eclipse those witnessed during similar launches in the US, local media reported on April 29. Huaxia Fund Management (Hong Kong), along with digital asset service provider OSL, are spearheading the launch of these ETFs, which are set to go live on the Hong Kong Stock Exchange on April 30.
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Top 5 Daily Gainers & Losers
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Top 5 Daily Gainers & Losers
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Top 5 Daily Gainers & Losers
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Top 5 Daily Gainers & Losers
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BREAKING: 🇪🇺 The EU reportedly prohibits use of anonymous hosted 💰 Bitcoin wallets and cash payments > €10,000
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⚡️ PORTAL seems to be cooking up some new things with their new launchpad
The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket 🤑
Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game
$SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale➡️ https://launchpad.portalgaming.com
⏺Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase.
The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE.
✖️ Portal Twitter: https://twitter.com/Portalcoin
✖️ SOMO Twitter: https://twitter.com/playsomo
💰 Bitcoin payments app Strike rolls out services to European users
The highly-anticipated European launch of the popular Bitcoin and Lightning Network payments app Strike was announced today, enabling eligible individuals and businesses in the region to buy, sell, send and withdraw bitcoin and to make local currency payments. European Bitcoiners have long asked the company “Wen Europe?,” referring to when it might launch its services in the continent, to which founder and CEO Jack Mallers replied “Now!” in a statement shared with The Block.
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💰 Do Kwon, Terraform Labs Should Get $5.3B Fine, SEC Tells Court
The U.S. Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion in fines on Terraform Labs and co-founder Do Kwon for their role in the $40 billion implosion of the Terra ecosystem in 2022. Terraform Labs and Kwon were found liable on civil fraud charges earlier this month, when a Manhattan jury concluded that they had misled investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases for the Terra blockchain.
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💰 Spot bitcoin ETFs record largest daily net outflows ever
Spot bitcoin exchange-traded funds in the U.S. recorded $563.7 million in total net outflows on Wednesday — the largest total net daily outflows since their debut — according to data from SosoValue. Fidelity’s FBTC experienced the largest net outflows among the ETFs, with over $191 million moving out of the fund. That exceeded the $167.3 million net outflow recorded by Grayscale’s GBTC, SosoValue data showed.
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🟠 Binance co-founder Changpeng Zhao says crypto industry has 'entered a new phase'
Binance co-founder Changpeng Zhao, commonly known as CZ, expressed his thanks to his supporters following his sentencing to four months in prison over breaking compliance rules. Zhao was sentenced in Seattle on Tuesday after pleading guilty to anti-money laundering violations. He has also agreed to pay a $50 million fine. The former Binance CEO said that he plans to spend the next chapter of his life on education, where he has started a project called Giggle Academy.
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🚀Top 10 Trending Coins Last 7 Days🚀
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🟠 Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison
Former Binance CEO Changpeng Zhao has been sentenced to four months in prison, according to a report from Bloomberg on April 30. Zhao’s final sentence is considerably less than the three-year prison sentence prosecutors were seeking — more than twice the recommended guideline for the relevant charges. A separate report from Fortune noted that Zhao will pay a $50 million personal fine, allowing him to keep most of his $43 billion in personal wealth. Zhao will be the wealthiest individual in the US prison system, according to the report.
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Top 5 Daily Gainers & Losers
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🪙 Justin Sun predicts SEC rejection of Ethereum ETF in May, citing need for crypto education
Tron blockchain founder Justin Sun says the US Securities and Exchange Commission (SEC) would not approve an Ethereum exchange-traded fund (ETF) in May. In an April 28 post on X (formerly Twitter), Sun noted that the crypto industry still needs to prepare for a long-term education with regulators, especially in helping them understand how the emerging industry operates. Sun’s stance echoes the sentiments of numerous market analysts anticipating the SEC dismissing the pending Ethereum ETF applications.
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💰 Michael Saylor talks about his journey from being a Bitcoin Denier to a Bitcoin Maximalist during Bitcoin Atlantis
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💰 Bitcoin Leads 30-Day NFT Sales, Outpacing 24 Blockchain Competitors
While sales of non-fungible tokens (NFTs) have declined by over 38% in the past 30 days compared to the previous month, NFTs minted on the Bitcoin blockchain have dominated, accounting for more than 44% of sales. Statistics from the last 30 days reveal that four of the top five best-selling NFT collections all stem from the Bitcoin blockchain.
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💰 Strike CEO Predicts $1 Million BTC Amid COVID-Level Money Printing
Bitcoin could be headed to $1 million after a tsunami of newly printed cash drives up all asset prices, according to Strike CEO Jack Mallers. The executive, whose payments app lets people remit fiat currency around the world on Bitcoin rails, said in a Friday interview that money printing will be required to bail out the U.S. bond market, which he claims is “in trouble for the first time in modern financial history.”According to Mallers, the U.S. government and the Federal Reserve have two options: either let the banking system fail, or print their way out of the mess.
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💰 The buy Bitcoin sign shown behind Janet Yellen at a congressional testimony in 2017 sells for 16 $BTC (+$1 Million) at auction
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Top 5 Daily Gainers & Losers
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🇭🇰 Spot Bitcoin, Ether ETFs Get Official Approval in Hong Kong; 'Potential Fee War' Unfolding, Says Analyst
Hong Kong’s market regulator has officially approved the first batch of crypto-related spot exchange-traded funds (ETFs), a first for the city and a move that could establish it as Asia’s leading digital-asset hub and unleash further growth in the sector. The funds could start trading on April 30, Bloomberg Intelligence analyst Eric Balchunas said Wednesday, adding that the management fees are lower on average than previously expected.
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Top 5 Daily Gainers & Losers
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🇺🇸 US 💰 Bitcoin Mining Stocks Surge After the Halving
On Monday, crypto-related stocks in the United States saw significant increases, reflecting a broader market rally just days after the Bitcoin halving. According to data from Google Finance, the country’s five largest publicly traded Bitcoin miners, including Marathon Digital (MARA), CleanSpark (CLSK), Riot Platforms (RIOT), Cipher Mining (CIFR), and Hut 8 (HUT), all witnessed substantial gains over the April 22 trading day.
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