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17 апреля 2024 08:56

💰 Despite weekend dip, bitcoin's market dominance hits highest level since April 2021

While the stock market was closed this weekend and unable to react to the news of Israel being the target of an Iranian drone attack, the crypto market was ready to respond. Assets across the board took a dip as traders recalibrated their portfolios and scaled back risky bets. Bitcoin itself fell from over $70,000 on Friday, April 12, to just over $63,000 at the end of April 13, dropping roughly 11.6% from its high on Friday to its low on Saturday.

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16 апреля 2024 08:46

🪙 Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April

In the initial two weeks of April, a notable reduction of 380,000 ether was observed in the top liquid staking derivatives (LSD) protocols. On April 1, 2024, these platforms collectively held 13.53 million ETH across 27 distinct decentralized finance (defi) platforms, as per archived data from defillama.com. Presently, after this decline, approximately 13.15 million ETH, valued at $41.5 billion based on current exchange rates, remains.

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15 апреля 2024 07:05

🏦 Coinbase Files Appeal Over ‘Investment Contracts’ in 🇺🇸 SEC Battle

American crypto exchange Coinbase has filed a motion to certify an appeal in the lawsuit brought by the Securities and Exchange Commission (SEC) against it. On April 12, Coinbase’s legal counsel filed a brief asking the court’s permission to seek an interlocutory appeal in its case. The controlling question was whether an “investment contract” requires something contractual. Coinbase believes it does, whereas the SEC disagrees.

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13 апреля 2024 16:36

💰 Solana deploys congestion fix on devnet

Solana developers have released a new version of the validator client software to address persistent congestion issues and are urging validators to upgrade immediately. Validator clients, essential in proof-of-stake blockchains like Solana, verify transactions to ensure compliance with network rules and confirm the sender’s fund sufficiency before appending new blocks to the blockchain. Anza, a spinoff of Solana Labs, spearheaded the development with the release of version 1.18.11 aimed at mitigating network congestion.

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12 апреля 2024 07:41

⚪️ Worldcoin-compatible wallet surpasses 10 million users

Tools for Humanity’s Worldcoin compatible wallet has acquired more than 10 million users. The World App wallet boasts users in more than 160 countries, including 2 million daily active users, its maker Tools for Humanity (TFH) said Thursday in a statement. The uptick in users dovetails with the rollout of new data management tools for users of Worldcoin, the iris-enabled biometric cryptocurrency project founded by OpenAI CEO Sam Altman.

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11 апреля 2024 10:02

🇪🇺 EU watchdog warns of high concentration in crypto markets, notes minimal euro usage

The European Securities and Markets Authority (ESMA) warned that crypto markets are highly concentrated on April 10. ESMA said concentration is a concern because a single asset or exchange failure could broadly impact the crypto ecosystem. According to the agency’s findings, market capitalizations and trading volumes are “significantly concentrated” in a small number of assets across the crypto market.

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10 апреля 2024 08:10

🟠 Binance Has Matured Since DOJ $4.3B Settlement: CEO Richard Teng

Teng said Binance is now looking at sustainability and more compliance; hence the company’s focus on building a robust compliance program. Richard Teng, CEO of the world’s largest cryptocurrency exchange, Binance, believes the trading giant is past the cultural issues after it settled criminal charges from the United States Department of Justice (DOJ) with a $4.3 billion fine. During an interview with CNBC, Teng said Binance had moved past the early stage of its development, where there were no clear rules, and it had to operate in a certain way to stay relevant.

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09 апреля 2024 09:34

💰 Sora Ventures, Metaplanet bet $6.5 million on Bitcoin to create ‘Asia’s first MicroStrategy’

Metaplanet, a Tokyo Stock Exchange-listed company, announced on April 8 that it has embraced Bitcoin as a core treasury asset. In an April 8 statement on social media platform X (formerly Twitter), Metaplanet said it was allocating ¥1 billion, approximately $6.56 million, to the flagship digital asset as part of its groundbreaking shift in its financial strategy. It added that it achieved this milestone through partnerships with venture capital firm Sora Ventures, Mark Yusko, the CEO of Morgan Creek Capital, Jack Liu, and others.

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08 апреля 2024 08:39

🪙 New users flock to Ethereum while long-term holders are less active than ever

Long-term holders of ether, the currency of the Ethereum blockchain, appear to be holding on tighter than ever before. According to data from The Block, the active supply of ether, or the supply that has been moved from one wallet to another within certain time periods, is currently at a historical low point for periods of one year or longer. The active supply over 30- and 90-days is also near all-time lows, having fallen over half from their peaks.

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07 апреля 2024 08:59

💰 Fantom CEO defends Solana amid network woes

Fantom creator Andre Cronje has shown support for the Solana network, amid the recent transaction failures on the network. Cronje is considered one of the most influential thought leaders in decentralized finance (DeFi). According to a post on the X social platform by the co-founder, some critics view the ongoing congestion as Solana’s flaw, yet it stems from the ecosystem’s rapid growth, which has increased demand for block space. Cronje stated that performance issues are technical challenges, not consensus mechanism flaws.

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06 апреля 2024 12:29

💰 Terraform co-founder Do Kwon found liable for civil fraud: reports

A jury has found that both Terraform Labs and its cofounder, Do Hyeong Kwon, misled investors and are found liable for civil fraud, according to multiple reports. Deliberations began Friday afternoon after both sides made closing arguments in the morning, according to reporting from Coinage. The trial lasted two weeks. The Securities and Exchange Commission charged Terraform and Kwon in February 2023 over the algorithmic stablecoin Terra USD, which collapsed in a dramatic fashion a year earlier.

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05 апреля 2024 08:59

💰 Morgan Stanley, UBS on the verge of approving Bitcoin ETF exposure

Morgan Stanley and UBS are actively competing to become the first major banks to offer their clients access to spot Bitcoin exchange-traded funds (ETFs), according to people familiar with the matter. Sources said that Morgan Stanley wants to be the first major bank to offer its clients full access to spot BTC ETFs and will try to frontrun UBS by making an announcement a few days earlier. Arch Public co-founder Andrew Parish shared the development on social media, citing sources.

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04 апреля 2024 18:34

⚪️ US PayPal customers will be able to use stablecoin for international payments

Silicon Valley-based payments giant PayPal is again looking to expand the use of its PYUSD stablecoin. The company announced that starting Thursday, U.S. clients will be able to send international money transfers using the company's PYUSD stablecoin. Through its cross-border payments service, Xoom, U.S. customers can now convert PYUSD to USD and then send money to "recipients in approximately 160 countries" without being charged transaction fees, PayPal said in a statement.

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03 апреля 2024 17:29

🇺🇸 SEC asks for public comment for Grayscale, Bitwise and Fidelity spot Ethereum ETFs

The Securities and Exchange Commission is soliciting comments for a handful of spot ether exchange-traded funds, according to filings. On Tuesday, the agency asked for public comment on three proposed ETFs: the Fidelity Ethereum Fund, Grayscale Ethereum Trust and Bitwise Ethereum Trust. "The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Amendment No. 1, from interested persons," the agency said in the filing about Bitwise.

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02 апреля 2024 19:04

💰 Spot Bitcoin ETFs return to net daily outflows; Grayscale’s GBTC total outflows eclipse $15 billion

The combined U.S. spot Bitcoin exchange-traded funds returned to net outflows on Monday, having recorded net inflows every trading day last week, totaling $860 million. Inflows of $165.9 million from BlackRock’s dominant IBIT ETF were not enough to help overcome $302.6 million in outflows from Grayscale’s converted GBTC fund, leading to a total net outflow of $85.7 million yesterday, according to CoinGlass data.

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16 апреля 2024 18:52

🇭🇰 Hong Kong spot bitcoin ETFs could go live as soon as this month: OSL

Hong Kong asset managers, including units of China Asset Management (ChinaAMC) and Harvest Global, may soon launch their spot bitcoin exchange-traded funds as early as later this month, OSL confirmed with The Block today. “Reports suggest a spot ETF may start in late April, with a spot ETF following shortly after,” said Patrick Pan, chairman of the board and CEO of OSL. “All parties are working expeditiously to complete the process. However, exact dates remain unconfirmed at this time.”

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15 апреля 2024 19:38

💰 Solana leads crypto recovery despite global stock tumble over geopolitical concerns

The native cryptocurrency of the Solana network has led a rebound in the cryptocurrency market after major tokens dipped amid concerns over a wider conflict in the Middle East. Solana gained over 6% in the past 24 hours and was changing hands for $154.34 at 4:25 a.m. ET. Bitcoin increased 2.56% and ether gained over 5% in the same period, according to The Block's Price Pages.

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14 апреля 2024 08:56

💰 Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour 📉

By 4:00 p.m. Eastern Time on Saturday, bitcoin’s (BTC) price dipped below the $62,000 threshold after hovering around $67,000 for most of the morning’s trading sessions. The cryptocurrency experienced a 7.7% decrease within three hours, triggered by a flurry of panic selling that started at 1:00 p.m. Two-week statistics indicate that bitcoin has fallen 8.7% compared to the U.S. dollar, while trading volume soared to $41.63 billion throughout the day.

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12 апреля 2024 18:37

💰 Bitcoin and Ethereum ETFs could launch in Hong Kong before halving

Hong Kong is poised to approve the launch of new exchange-traded funds (ETFs) that will directly invest in Bitcoin and Ether potentially as soon as Monday. This key development, as reported by Bloomberg, involves key financial players, including an international branch of China’s Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and HashKey Capital.

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11 апреля 2024 18:52

🪙 Ether options imply increased price volatility ahead of May's ETF decision deadlines, analyst says

The positioning of ether options for May's end-of-month expiry shows investors have a lack of confidence in the chances for an imminent approval of a spot ether exchange-traded fund and anticipate significant price swings, an analyst said. In January, Bloomberg Intelligence analyst James Seyffart set the chances of a May approval at 60%, then dropped his expectations to 35%, but finally decided that the applications would ultimately be denied.

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10 апреля 2024 21:46

🇭🇰 Hong Kong Said Likely to Approve Spot 💰 Bitcoin ETFs Next Week: Reuters

Hong Kong regulators are likely to approve the first set of applications for spot bitcoin exchange-traded funds (ETF) next week, making it possible that the products could be ready to start trading in April, Reuters reported, citing two people familiar with the matter. Australia and Hong Kong are the two jurisdictions that could become the first in Asia to offer spot bitcoin ETFs, with Singapore and the UAE not reflecting immediacy just yet.

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09 апреля 2024 21:02

💰 Solana 'leads the battle' for blockchain payments, Bernstein says

Looking back at recent stablecoin metrics, Solana is "leading the battle" for blockchain payments amid growth in market liquidity and improved investor sentiment, according to research and brokerage firm Bernstein. “The big change this cycle has been the dominant market share of Solana (43% highest share) in value of stablecoins transferred vs. prior cycle market leader Ethereum,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Tuesday.

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08 апреля 2024 21:34

🪙 Ether options point to bullish market sentiment for end of April

The options market seems to have taken on more bullish positions in the largest cohort of ether options open interest by expiration date, contracts for the end-of-April expiry. Some $3.3 billion of notional ether options set to expire, according to Deribit data, and roughly two-thirds of that amount have been placed on calls, or bullish bets on price. "Call strikes are clustered between $3,700 - $4,000, showing an upside bias and underlying bullish sentiment in the market," Wintermute OTC Trader Jake Ostrovskis told The Block.

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07 апреля 2024 20:49

🪙 Ethereum and 💰 Polygon Attract Majority of New Users: Flipside Report

Ethereum and its Layer 2 scaling solution, Polygon, attracted the most new users by far in the first quarter of 2024. The latest report by Flipside revealed that these two blockchain platforms have garnered the most cumulative new users among observed EVM chains since the beginning of the year. Polygon boasted 12.3 million new users, and Ethereum had 13.4 million – roughly 70% of new users this year across all observed chains as of March 27. Next up was Arbitrum, recording the most new users (4.7 million) during the same period.

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06 апреля 2024 19:19

💰 US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip

U.S. spot bitcoin ETFs experienced a streak of four days of net inflows. The influx began modestly with $39.5 million on April 2, escalated to $113.5 million the next day, and soared to $213.4 million on April 3. The week’s culmination saw Friday pulling in an impressive $203 million, as reported by coinglass.com figures. Despite overall market positivity, Grayscale‘s GBTC encountered the day’s largest outflow among the ETFs. Trading volume for the ETFs on Friday summed up to approximately $2.37 billion, marking a 31.5% decrease from Thursday’s $3.46 billion.

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05 апреля 2024 17:54

🇧🇷 Brazil Eyes Crypto Taxation Changes in New Bill

Brazil is planning to change the way how cryptocurrencies are being taxed. A new bill that deals with investment taxation for individuals will propose to change how crypto is considered, allowing it to be taxed similarly as shared and capital instruments with a variable exchange rate. According to the proposal to be presented in the coming days to the National Congress, crypto investors will have to pay 15% of the income of the operations made with cryptocurrency.

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04 апреля 2024 22:24

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04 апреля 2024 07:44

🥇 Bitcoin Investment Products Ended March With Inflows of $865M Amid Renewed Interest

Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily trading turnover now stands at $5.4 billion, representing a 36% decline from its peak three weeks ago.

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03 апреля 2024 07:44

📊 Grayscale falls behind in ETF outflows first time since launch as ARKB loses $87.5 million

Grayscale Bitcoin Trust (GBTC) recorded lower outflows for the first time since the launch of spot Bitcoin ETFs on April 2, after ARK 21Shares (ARKB) posted outflows amounting to $87.5 million, according to Coinglass data. Comparatively, GBTC recorded the lowest outflows since March 12 at $82 million. The data for the other ETFs, including IBIT and FBTC, was not public as of press time. GBTC’s currently low outflows are notable because the fund consistently sees high outflows.

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02 апреля 2024 06:54

💰 Bitcoin falls over 4% to retest $68k support as Q2 starts 📉

Bitcoin fell over 4.5% to a local low of $68,000 on April 1, marking a red start to the month after seven consecutive monthly closes in the green. While there has been some recovery in the past hour, the immediate fallout saw a staggering number of traders caught in the downturn. The decline comes after the flagship crypto climbed to $71,500 over the weekend to close a monthly candle at the highest price in history.

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