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Updated April 22, 2024

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According to PANews, an informed source has revealed that venture capital firm Pantera Capital is aiming to raise $1 billion for a new cryptocurrency fund. The fund, named Pantera Fund V, will focus on assets such as start-up equity, early tokens, and liquidity tokens.

Previously, Pantera sought to raise $1.25 billion for its second blockchain fund in September 2022. The source added that the $1.25 billion fund and the current $1 billion Pantera Fund V are separate.

As per earlier reports, Pantera's liquidity token fund yielded a 66% return in the first quarter of 2024. It is known that Pantera manages $5.2 billion in assets through three fund strategies. Pantera is one of the most active crypto investors, having invested in over 180 start-ups to date.

According to PANews, Bitcoin, the world's largest cryptocurrency by market capitalization, briefly surpassed the $65,000 mark. The digital currency was reported to be trading at $64,575.73, marking a 0.8% increase within 24 hours. This short-term breakthrough signifies a significant milestone for the cryptocurrency, which has been experiencing a steady increase in value. However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors are advised to stay informed and make decisions based on careful analysis and consideration.

According to CryptoPotato, blockchain developers are nearing the launch of rollups on Bitcoin, which could provide the original cryptocurrency network with 'unlimited smart contract functionality' and scaling capabilities. BitcoinOS recently released the whitepaper for 'BitSNARK and Grail', a system designed to connect Bitcoin to layer 2 rollups and blockchains in a trust-minimized manner. This new rollup system is a development of BitVM, a Bitcoin-based computing paradigm discovered by Robin Linus in the previous year. BitVM's most significant application was its ability to verify 'Succinct Non-Interactive Arguments of Knowledge' (SNARKs) on Bitcoin, which paved the way for Bitcoin Rollup Bridges and scaling technologies similar to Optimism or Arbitrum on Ethereum.

BitSNARK, built on BitVM, uses a software library specifically optimized for this purpose, enabling bridges that are cost-effective, efficient, and secure enough for practical use. 'This is a solution to Bitcoin’s trilemma of scale, computational expressivity, and decentralization,' Edan Yago, one of the paper’s authors, posted on Twitter. He added that no softfork, upgrades, or new op-codes are necessary for this development.

Existing Bitcoin layer 2 systems have faced significant tradeoffs compared to scaling systems built on more expressive blockchains like Ethereum. For instance, Bitcoin’s lightning network can become impractical for individual use due to the cost and complexity of channel management. Additionally, Bitcoin sidechains like Liquid and Rootstock require a federation of third parties to manage the 'bridge' between L1 and L2, representing a single point of failure for both chains. The new system, Grail, uses BitSNARK to generate SNARK proofs for Bitcoin and rollup transactions, enabling secure asset transfers between L1 and L2 rollups. The Grail bridge requires at least two operators to function, but theoretically, any number could be supported. The BitcoinOS team is currently aiming to design a bridge with over 100 operators. 'The trust assumption works unless all parties collude,' Yago added. 'That’s what makes it so strong.'

On Apr 25, 2024, 21:16 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 65,000 USDT benchmark and is now trading at 65,162.488281 USDT, with a 1.54% increase in 24 hours.

According to Bloomberg, Consensys, a crypto software company, has filed a lawsuit in a federal court in Texas. The firm argues that if the Securities and Exchange Commission (SEC) is allowed to exert authority over Ethereum and its digital token Ether, it could potentially halt the blockchain, thereby 'crippling one of the internet’s greatest innovations.' This lawsuit comes at a time when Consensys is under increasing scrutiny.

In the lawsuit, Consensys is seeking a court ruling that Ether is not a security and therefore should not fall under the jurisdiction of the SEC. The company was founded by Joseph Lubin, who is also a co-founder of Ethereum. The SEC, however, has declined to comment on the lawsuit.

The case is officially known as Consensys Software Inc. vs. SEC, 4:24-cv-00369, and is being heard in the US District Court, Northern District of Texas, located in Fort Worth.

According to Blockworks, MapMetrics, a Decentralized Physical Infrastructure (DePIN) project, has announced its departure from the Solana ecosystem to migrate to peaq. Peaq is a layer-1 solution specifically designed for DePIN and Machine real-world assets (RWAs). MapMetrics, a drive-to-earn initiative, rewards its users with tokens and NFTs for supplying anonymous live traffic and map data. The team aims to develop a decentralized global map using Web3 technology, similar to the DePIN project Hivemapper.

Brent van der Heiden, co-founder of MapMetrics, stated that the decision was influenced by the modular DePin functionality offered by peaq. He explained that the 'Peaq ID', a decentralized multi-chain machine identity, allows the network to prioritize real machines during periods of high load. He also mentioned that the DePIN data verification framework and other Modular Functions would aid in expanding their DePIN's features.

Heiden also highlighted potential synergies within the broader peaq ecosystem, including with other DePINs and enterprise partners. These synergies could potentially lead to new partnerships and increase demand for the project. Heiden said, 'Peaq’s community includes thousands of DePIN enthusiasts, which will help us grow, and the Machine Composability that comes with using the same identity standard across the ecosystem will help us tap into the pool of devices already on peaq.'

The transition process will be executed in multiple phases, starting with smart contract deployments on peaq, followed by the transfer of core business logic to the layer-1. Subsequently, native token minting will also be available on peaq, and a bridging option will be provided to existing holders.

Despite MapMetrics' decision to leave, the Solana ecosystem continues to be a popular choice for many DePIN projects. For instance, Natix, another DePIN mapping project, announced its plans to launch its native token on the Solana blockchain, while still maintaining collaboration with the peaq network.

According to TechCrunch, Stripe, a leading fintech company, is making a comeback in the cryptocurrency market. The company announced on Thursday that it would begin accepting cryptocurrency payments, starting with USDC stablecoins. Initially, these payments will only be accepted on Solana, Ethereum, and Polygon. This marks Stripe's first acceptance of crypto payments since 2018 when it discontinued Bitcoin support due to its instability.

In 2022, Stripe made its initial reentry into the cryptocurrency market by announcing payouts in USDC, with Twitter being its notable customer for the service. However, no customer names have been attached to Thursday's announcement. The news is expected to be officially announced by Stripe co-founder and President John Collison at the company's Connect developer conference in San Francisco.

Stripe's reentry into the crypto market is part of a broader strategy to expand its services. On Wednesday, the company announced a series of launches, including allowing customers to integrate competing payment providers with Stripe's financial services tools for the first time.

Stripe's history with cryptocurrency has been a delicate balance. While the company has shown interest in blockchain-based technologies and their impact on financial services, it has also been cautious not to jeopardize its position as a stable financial powerhouse. In 2014, Stripe began testing Bitcoin, the first major cryptocurrency. However, by 2018, it withdrew from these activities, citing Bitcoin's volatility and instability.

In June 2019, Stripe became a founding member of Libra, Facebook's cryptocurrency project, but withdrew support by October 2019. It took three more years for Stripe to reengage with cryptocurrency, this time with Twitter and USDC payouts. It remains to be seen how long Stripe will continue with this latest launch and what its future efforts will look like. However, it is understood that the company is already considering other stablecoins and platforms.

According to Foresight News, Wormhole has announced that its native token, W, can now be seamlessly transferred across Solana, Ethereum, Arbitrum, Optimism, and Base. This development eliminates issues of liquidity fragmentation or liquidity pool problems. The W token remains an SPL token on Solana and an ERC20 token on EVM chains. This marks the completion of the second phase of W's launch roadmap. The implementation of native multi-chain for W is a significant step forward in the token's development.

According to Foresight News, the NEAR Foundation has announced a partnership with Colombian fintech companies Lulo X and Peersyst Technology. The collaboration aims to leverage the innovative blockchain technology of NEAR Protocol to facilitate seamless and secure transactions. Additionally, Lulo X plans to build a native stablecoin on the NEAR blockchain.

Lulo X, a fintech firm based in Colombia, will utilize the NEAR Protocol to promote secure transactions. The partnership will also see the construction of a native stablecoin on the NEAR blockchain. This move is expected to enhance the security and efficiency of transactions, providing a significant boost to the fintech landscape in Colombia.

The partnership between the NEAR Foundation and these Colombian fintech firms underscores the growing adoption of blockchain technology in the financial sector. It also highlights the potential of blockchain technology in facilitating secure and seamless transactions, as well as the creation of stablecoins.

According to U.Today, the number of addresses holding at least one million XRP has reached a new all-time high, according to a post from Santiment on April 23. The figure currently stands at 2,013, just one wallet short of surpassing the previous record set in June 2023. This increase in millionaire addresses coincides with a significant price boom for the token, which almost doubled in value to about $1 per token within a month. The last time such a spike was observed was in June 2023, when XRP was declared a non-security in the SEC v. Ripple case, leading to a surge in the token's price.

In other news, the SEC has delayed its decision on a spot Ethereum ETF proposal submitted by New York-based investment firm Franklin Templeton. The firm filed its application in February, joining other contenders like BlackRock. The regulator has stated that it is acceptable to postpone the decision to allow sufficient time for reviewing the application. Despite approving numerous applications for spot Bitcoin ETFs in January, the chances of the SEC accepting applications for spot Ethereum ETFs remain slim.

April 23, 2011, marks a significant date in Bitcoin's history. On this day, 13 years ago, the cryptocurrency's elusive creator, Satoshi Nakamoto, sent his final message on the Bitcoin ecosystem. This event took place just four months after Nakamoto's last public statement in December 2010. 'I've moved on to other things. It's in good hands with Gavin and everyone,' Nakamoto wrote in emails that were later made public by former Bitcoin Core engineer Mike Hearn. The reasons for Nakamoto's departure from the project remain a topic of speculation, with theories ranging from external pressures such as a purported CIA investigation into Gavin Andresen, a key member of the cryptography community, to attempts to align Bitcoin with projects like WikiLeaks donations.

According to U.Today, Dogwifhat (WIF), a leading meme cryptocurrency on the Solana blockchain, has seen a significant 30% increase in its price, reaching a 12-day high of $3.56. This substantial rise has pushed Dogwifhat's market capitalization beyond the $3.5 billion threshold, reinforcing its standing in the cryptocurrency world. The increase in value has not only lifted Dogwifhat to new levels but also propelled it to the 33rd spot in the list of the largest cryptocurrencies by market capitalization. This places Dogwifhat ahead of fundamental and infrastructure projects such as Stellar (XLM) and Cosmos (ATOM), as well as CRO, the native token of the CryptoCom exchange, marking a notable achievement for the meme token.

The remarkable rise of Dogwifhat can be attributed to a combination of factors. The enduring appeal of Dogwifhat's mascot, its cultural relevance, and the ever-fluctuating nature of the crypto market have all contributed to its prominence. This unique mix of elements has not only captivated crypto enthusiasts but has also attracted the attention of major players in the financial industry. Evidence of Dogwifhat's growing prominence is plentiful. The 'wif hat' theme has been embraced by giants such as the Franklin Templeton fund, a titan in the financial world. Additionally, major financial media outlets, including Bloomberg, have provided coverage of the token, underlining its increasing importance. The iconic bull statue on Wall Street has even been decorated with the now-famous knitted hat, demonstrating Dogwifhat's cultural influence and widespread recognition.

According to U.Today, a recent report by Fortune, citing data from blockchain analysis firm Chainalysis, reveals that approximately 1.8 million Bitcoins, equivalent to $121 billion, are held in wallets that have been inactive for over a decade. These dormant coins represent 8.5% of Bitcoin's 19.7 million circulating supply. The report does not clarify what proportion of these cryptocurrencies are lost forever, but it suggests that the total number of such coins should stabilize around 1.5 million.

Earlier this month, a Satoshi-era whale, a term used for a large holder of Bitcoin, became active after a decade of inactivity, holding $115 million. When such wallets become active after a long period of dormancy, it is often assumed that the owners might want to take profits following a price rally. However, the report indicates that there is no direct correlation between the activation of long-dormant wallets and significant price movements. Chainalysis has observed that old wallets tend to be activated at a relatively predictable rate. The majority of these wallets do not usually make headlines due to their small size. In fact, 99% of all wallets considered lost contain less than 50 BTC, equivalent to $3.2 million at current prices.

Data from Glassnode shows that over 68% of Bitcoin's total circulating supply has been inactive for more than a year. This decrease in supply available on the market could be a bullish development, considering the growing demand following the approval of several Bitcoin exchange-traded funds in January. The largest cryptocurrency, Bitcoin, is currently trading at $64,810 on major spot exchanges.

According to U.Today, BlackRock's Bitcoin exchange-traded fund (ETF) has ended its 71-day streak of consecutive inflows. On Wednesday, the fund, known as IBIT, failed to attract any new inflows, while total outflows reached $120 million. In contrast, Grayscale's GBTC continues to experience significant outflows, losing more than $130 million in a single day. Fidelity's FBTC and Ark's ARKB saw modest inflows of $5.6 million and $4.2 million respectively, but these were not enough to offset Grayscale's losses.

On Tuesday, BlackRock's IBIT recorded $10 million worth of inflows. Many traders track ETF flows to gauge market sentiment, so the lack of fresh inflows into BlackRock's fund on Wednesday could be interpreted as a bearish signal for the market, at least in the short term. However, it's important to note that these ETFs initially attracted stronger-than-expected inflows following their launch. The ETF has now reached $20 billion in assets under management (AUM). For comparison, the SPDR Gold ETF (GLD) took almost three years to reach the same milestone.

Despite the total AUM of GLD being almost three times larger, IBIT has surpassed GLD in daily trading volume. It's common for ETFs to stop attracting flows once they reach a certain size, and BlackRock's Bitcoin ETF has managed to record one of the longest streaks of inflows. However, it still falls short of funds such as the JPMorgan Equity Premium Income ETF (JEPI) and the Pacer US Cash Cows 100 ETF (COWZ).

Despite the implications of IBIT's now-interrupted inflow streak, the overall sentiment in the crypto market appears to be bearish. The price of Bitcoin has fallen more than 3% over the past 24 hours, and is currently trading at $64,329.

According to U.Today, the Shiba Inu team has announced a series of updates for Shibarium, their blockchain platform, for the years 2024 and 2025. The information was shared by Lucie, the marketing expert of SHIB, via a Twitter post. The updates include the release of a new version of the ShibaSwap DEX, version 1.75, which will be followed by the 2.0 iteration.

The team also plans to complete the much-anticipated Shiba Inu Metaverse project, which includes multiple hubs and virtual land for sale. A new version of the Shiba Eternity game for smartphones is also in the pipeline. The TREAT token, along with a testnet of the layer-3 solution built on top of Shibarium, is also set to be launched. The TREAT token will power the new blockchain that the team, led by Shytoshi Kusama, is currently developing.

Lucie also mentioned that functional DAOs on Shibarium will become available for all tokens currently used in the Shiba Inu ecosystem. She emphasized that all the updates she listed were already publicly known. The SHIB team is committed to completing the projects they started earlier, with the layer-3 blockchain being the only recently announced project.

In a separate social media message, Shytoshi Kusama, the enigmatic leader of the SHIB team, confirmed the upcoming release of ShibaSwap 1.75 before the rollout of version 2.0. Kusama also addressed critics of Shiba Inu, reminding them of the time and energy he has invested in building SHIB and Shibarium. He concluded his message by criticizing those spreading fear, uncertainty, and doubt about the project.

According to U.Today, Ripple's Chief Technology Officer, David Schwartz, recently addressed concerns from the XRP community about the relevance of XRP following the company's foray into the stablecoin market. Earlier this month, Ripple announced the launch of its own dollar-pegged stablecoin, which is set to be issued later this year. The token, backed by U.S. dollar deposits, short-term treasury bonds, and other cash equivalents, is a significant step in Ripple's expansion strategy. Initially, it will be deployed as an ERC-20 standard token, aimed at improving the efficiency and stability of transactions within the ecosystem.

In the wake of the stablecoin announcement, questions were raised about the role of XRP in Ripple's future payment solutions. Schwartz emphasized the strategic importance of XRP in the company's vision, dispelling speculation that the stablecoin's introduction would reduce XRP's significance in facilitating seamless cross-border transactions. He stated that XRP would continue to be used where it works best, without any barriers to users getting the best experience. However, where XRP does not work best, the company does not want users to use it just for the sake of it, potentially leading to an inferior experience or worse economics.

Schwartz also highlighted the crucial role of payment software capable of settling with XRP, emphasizing its superiority in certain scenarios. He reiterated Ripple's commitment to providing users with the best possible experience, leveraging XRP where it excels and acknowledging its limitations in other contexts. Schwartz's comments serve to dispel any notions of XRP's diminishing relevance within the Ripple ecosystem. Instead, he stressed the importance of ensuring that users have access to the most suitable payment methods for their needs, whether that be XRP or the new stablecoin.

According to U.Today, Shiba Inu (SHIB) has reached a critical juncture, experiencing a significant reversal at the 50-day Exponential Moving Average (EMA). This shift away from the 50 EMA indicates a cooling of SHIB's momentum, aligning with a broader trend of waning strength in the cryptocurrency market. This reversal has occurred amidst neutral trading volume, suggesting a lack of trader commitment to drive SHIB's price in either direction. This market indecision is mirrored in the Relative Strength Index (RSI), which currently sits at a neutral value of 50, indicating neither an overbought nor an oversold condition.

SHIB's failure to secure a breakthrough above the 50 EMA reflects the current market state, characterized by a lack of buying power across various assets. The support level at $0.000021 serves as SHIB's immediate floor. A drop below this level could indicate a further decline, with potential support at the lower boundary of the trading channel near the $0.000012 mark.

If SHIB can rally back and surpass the 50 EMA, it could potentially target higher resistance levels. The first area of contention would be the recent high around the $0.00003 range. However, SHIB's upward journey may not be smooth, as it would require significant market participation and a sentiment shift to fuel such a rise. The future moves of SHIB depend on whether it can muster the strength to recover from its current levels or if the market's pause is a precursor to a deeper retracement. It is crucial to monitor the support at $0.000021 and any reversal from it. There is a high possibility of a strong and swift bullish retracement, and prematurely dismissing SHIB could prove to be a rash decision.

According to U.Today, the Shiba Inu community has significantly increased the burn rate of the SHIB meme coin. Data from the Shibburn explorer reveals that over the past 24 hours, 40,067,872 SHIB meme coins have been disposed of. Although the quantity of tokens burned is not extraordinary, the burn rate has seen a substantial increase of 2,076%. The largest burn of the meme cryptocurrency occurred 14 hours ago, with 20,000,000 SHIB being destroyed. Another significant burn happened two hours ago, with 1,693,629 SHIB transferred to an unspendable blockchain wallet.

In other news, Shiba Inu's marketing lead, Lucie, recently shared a list of upgrades set to be launched on Shibarium in 2024 and 2025. These include the SHIB Metaverse, another version of the Shiba Eternity game, and ShibaSwap DEX 1.75, with version 2.0 to follow. New projects planned for Shibarium include a layer-3 testnet and the TREAT token, which will power a new blockchain running on top of Shibarium. To initiate the construction of the layer-3 solution, the SHIB team has raised $12 million from major investors.

Despite these positive developments, the SHIB meme coin has not performed well in terms of price. Over the past 24 hours, the second largest meme cryptocurrency has lost approximately 10.39%. At the time of writing, SHIB is trading at $0.00002458.

According to U.Today, a recent analysis by data analytics firm IntoTheBlock has revealed a worrying trend in the Cardano (ADA) ecosystem. The report indicates that a significant number of ADA holders are currently in loss. The study examined the profitability of holders across various layer-1 networks, showing considerable differences.

Bitcoin emerged as the clear leader, with a high percentage of holders in profit, closely followed by TRX. Dogecoin (DOGE) and Ethereum (ETH) also showed strong profitability among their holders. However, Cardano stood out with only 35% of its holders currently in profit.

The data further reveals that the profitability of ADA addresses is under pressure. Out of the 1.59 million addresses holding 14.07 billion ADA, a significant portion — 5.71 billion ADA — were bought at prices ranging from $0.000006 to $0.299162 per token. In contrast, a staggering 2.73 million addresses are experiencing losses, holding 20.07 billion ADA, primarily from purchases made between $0.5975 and $0.7265 per ADA.

Currently, 152,940 addresses are at a break-even point, with 947.87 million ADA collectively held. This complex data leads to varied interpretations. On one side, the increasing losses incurred by Cardano holders exert significant downward pressure on the cryptocurrency's price. On the other side, it suggests a potential undervaluation in the market, indicating the possibility of a substantial revaluation if positive developments occur unexpectedly.

On Apr 25, 2024, 15:51 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 64,000 USDT benchmark and is now trading at 64,017.148438 USDT, with a 0.94% decrease in 24 hours.