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Crypto Market Daily Review ☀️
The market is down. Market cap is $2.29T. Bitcoin is trading at $61.6K
dropstab | icodrops | twitter | telegram
Binance is poised to return to India by paying a penalty of about $2 million, people aware of the developments told ET.
The crypto exchange will come back as an entity registered with the Financial Intelligence Unit (FIU) of the finance ministry, they added. FIU is tasked with oversight of trade in virtual digital assets (VDA). Binance will comply with all applicable laws, including the Prevention of Money Laundering Act (PMLA) as well as the VDA taxation framework, “which it had been sloppily flouting until now”, said one person cited above.
https://economictimes.indiatimes.com/tech/technology/binance-coins-a-new-phase-in-india/articleshow/109382161.cms
Gitcoin has announced Gitcoin Grants 20.
▫️GG20 donations start on April 23rd at 12:00 UTC
▫️GG20 donations end on May 7th at 23:59
▫️Protection from sybils using Gitcoin Passport is now automated
▫️GG20 will run on Arbitrum
https://www.gitcoin.co/blog/announcing-gg20
Bitcoin is now trading at $60.2K.
https://dropstab.com/coins/bitcoin
Bybit has announced its new launchpad project — Playbux Token (PBUX).
Details:
Token: PBUX
Price: 1 PBUX Token = 0.075 USDT
Total Allocated to Bybit Launchpad: 4,000,000 PBUX
MNT Pool: 2,000,000 PBUX (Cap per subscriber: $300 = 4,000 PBUX)
USDT Lottery: 2,000,000 PBUX (Allocation per user: 15 USDT = 200 PBUX, winning tickets: 10,000)
Snapshot Period: Apr 18, 2024, 00:00 UTC – Apr 22, 2024, 23:59 UTC
Subscription Period: Apr 23, 2024, 3:30 UTC – Apr 23, 2024, 10:59 UTC
Distribution Period: Apr 23, 2024, 11:00 UTC – Apr 23, 2024, 11:59 UTC
PBUX/USDT Launch: Apr 23, 2024, 12:00 UTC
https://i.bybit.com/Xab3Byn
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OKX will list Merlin Chain (MERL) for spot trading at 10:00 UTC on April 19, 2024.
Merlin Chain is a native Bitcoin Layer 2 that is EVM compatible to provide advanced utilization of BTC assets. MERL is its governance token.
https://www.okx.com/ru/help/okx-to-list-merlin-chain-merl-for-spot-trading
40 funds invested in BlackRock and Fidelity Bitcoin ETFs.
https://x.com/ericbalchunas/status/1780249379091198042
Long-term senior OKX executives Tim Byun, who was in charge of global government relations at the world's second-largest cryptocurrency exchange, and Head of Product Wei Lan have both recently left the company, according to people familiar with he matter.
https://www.coindesk.com/business/2024/04/16/okx-og-execs-tim-byun-and-wei-lan-leave-crypto-exchange/
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $2.34T. Bitcoin is trading at $63.8K
dropstab | icodrops | twitter | telegram
CoinList has announced the Analog Incentivized Testnet.
Analog is offering 1,811,594 ANLOG tokens (2% of the total supply) to qualifying participants for their contributions.
Rewards will be allocated across validators, developers, and the community:
▫️30% will be allocated to validators.
▫️70% will be allocated to community/dApp users and developers.
https://blog.coinlist.co/announcing-the-analog-incentivized-testnet-on-coinlist-rjlsb/
Memeland has introduced the premier project on Stakeland — Runecoin, a pioneering fungible token project on Bitcoin that uses the new Runes Protocol developed by Casey Rodarmor, the creator of Ordinals.
https://twitter.com/Memeland/status/1780233921088602266
Scroll has announced the Bernoulli upgrade, scheduled for April 29th, 2024.
This upgrade will reduce transaction costs by 10x, contingent upon L1 gas prices.
It introduces EIP-4844 data blobs for L1 data availability, and the SHA2-256 precompile.
https://scroll.io/blog/blobs-are-here-scrolls-bernoulli-upgrade
Parcl trading has started on OKX.
PRCL is now trading at $0.61.
FDV: $610M
https://www.okx.com/trade-spot/prcl-usdt
Binance is transferring 100% of SAFU’s assets to USDC.
https://www.binance.com/en/blog/ecosystem/update-safu-conversion-to-usdc-270057093957213098
Kraken releases its own crypto wallet.
Kraken Wallet will initially support eight blockchains including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon and Dogecoin.
https://www.coindesk.com/tech/2024/04/17/kraken-releases-own-crypto-wallet-joining-competition-with-coinbase-metamask/
Notcoin (NOT) postponed listing indefinitely.
https://twitter.com/thenotcoin/status/1780481239255831003
Worldcoin has introduced World Chain.
World Chain is a new L2 blockchain designed for humans.
https://worldcoin.org/blog/announcements/introducing-world-chain
Scroll has introduced Scroll Sessions, its loyalty program to reward the community with Scroll Marks for participation and engagement in the Scroll ecosystem.
https://x.com/scroll_zkp/status/1780584704175161392
Omni Network (OMNI) trading has started on Binance, Bybit, KuCoin, Gate.
OMNI is now trading at $40.7.
FDV: $4.07B
https://www.binance.com/en/trade/OMNI_USDT
Saakuru Labs has raised $2.4 million in an oversubscribed private funding round.
This infusion of capital is earmarked for accelerating the adoption of the Saakuru Protocol.
Leading the funding round is Based VC and ARC Community.
They are joined by investors from across the blockchain ecosystem, including Kyber Network, PG Capital, Wizard Capital, Decubate Ventures, Oracles Investment Group, BCW Ventures, Steady Stack, W3GG, Calib3r, Rarible, Worlds Beyond, Uptrend Digital, Arclight Studio, and IBC Group.
Saakuru is a consumer-centric L2 Protocol with Zero Transaction Fees enhanced with Saakuru Developer Suite.
https://www.ethnews.com/saakuru-labs-secures-2-4-million-in-funding-to-fuel-the-adoption-of-the-saakuru-protocol/
Coinlist has reset Karma and now you need to earn it again.
Events are ways to earn Karma for things like weekly trading and staking activity. Achievements are one-time claims for meeting certain criteria.
Your Karma score now places you in one of five tiers: Rust, Bronze, Silver, Gold, Platinum. The higher your tier, the higher your chances of getting into Token Launches and exclusive offerings.
https://coinlist.co/release
Crypto-mining stocks decline as the Bitcoin halving nears.
https://www.bloomberg.com/news/articles/2024-04-16/bitcoin-miners-fall-even-as-ceos-say-they-re-ready-for-halving
Pavel Durov's interview with Tucker Carlson has been released on YouTube.
https://www.youtube.com/watch?v=1Ut6RouSs0w
Worldcoin will make an announcement on April 17.
https://twitter.com/worldcoin/status/1780295155888554284
Andreessen Horowitz raises $7.2 billion, plans more for 2025.
https://www.bloomberg.com/news/articles/2024-04-16/andreessen-horowitz-raises-7-2-billion-plans-more-for-2025
Internet Computer Protocol aims to be leveraged as a Bitcoin “layer zero” following the planned implementation of threshold-Schnorr signatures.
The implementation allows ICP smart contracts to etch Runes, inscribe Ordinals and trade BRC-20 tokens, tapping into the potential of Bitcoin-based DeFi.
https://www.theblock.co/post/288634/internet-computer-protocol-bitcoin-layer-zero-threshold-schnorr-implementation
Tether minted $1 billion USDT on Tron network.
https://whale-alert.io/transaction/tron/afec508a83ef45007367e265718d2168548a2559592104c81397a91de9d73c52
Binance.US added Martin Grant, a one-time Federal Reserve Bank of New York official who spent 17 years as its chief compliance and ethics officer, to its board of directors.
https://www.coindesk.com/policy/2024/04/16/binanceus-taps-former-new-york-fed-compliance-chief-for-board-role/amp/