According to a recent market analysis, the highly respected crypto analyst Ash Crypto predicts the beginning of Alt Season 2.0 after the Altcoin market has increased since January 2024. The market is now at an ideal position to invest and pump as it has retraced by nearly -28%. Altcoins are essentially every cryptocurrency other than Bitcoin, and they’ve had a massive pullback but continue to be above the market cap level of $537 billion, where they found support. This level was previously a resistance point but has since reversed.

ALTSEASON 2.0 UPDATE TOTAL 3 ( Total Altcoin Mcap ) -After a surge in the altcoin market since January 2024, it has now retraced by about -28%. -Altcoins have found support around the $537 billion market cap, a level that previously acted as resistance. -It's… pic.twitter.com/jt50X74702

— Ash Crypto (@Ashcryptoreal) April 28, 2024

Millions Expected to Flow into Market, Boosting Alt Season 2.0

In the short term, as per Ash Crypto, it is vital to remain stable around this support. The market is at the sideways stage, watching for bullish signs such as the adjustment of Bitcoin’s dominance and the ETH/BTC performance.

Despite the decline experienced recently, Ash Crypto is more optimistic about the future lake of Altcoins. The analyst has predicted that millions of dollars will be flowing into the market; hence, propelling Alt Season 2.0 to greater heights.

Analyst Predicts Potential 10x Surge for Altcoins, Urges Investor Patience

According to this analysis, Altcoins might increase by a factor of 10x with the expected surge. Therefore, based on the above analysis, investors are asked to patient enough with their Altcoin investments. Indeed, market is volatile in cryptocurrency, and Ash Crypto argues that holders have to wait for more opportunities.

Alt Season 2.0 may signal a new era for altcoins, pulling the market to new heights and spurring innovation. This, in turn, can lead to exceptional returns for investors. In summary, although the altcoin market may be undergoing a retracement, analysts believe this is a temporary pause. Alt Season 2.0 has the potential to reintroduce speculation and opportunities to investors who can endure the current state of the market.

Bitfinex, one of the largest cryptocurrency platforms in the world, is updating the platform for its maintenance. The platform stopped trading for a while due to deteriorated performance but is scheduled to fully function very soon. Maintenance was done to identify problems and eliminate them to improve the platform’s performance and usability.

Our maintenance is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 12:45 PM UTC, before trading opens at 12:50 PM UTC. Thank you for your patience. https://t.co/WBMz5yuuQi

— Bitfinex (@bitfinex) April 28, 2024

Bitfinex Implements View-Only Mode After Maintenance

After Bitfinex maintenance is completed, it will be restarted in view-only mode. That means that you will not be able to open new positions but only to log into your account and check your data. Users will also have an opportunity to cancel orders before the trading process starts.

The process of maintenance implies that Bitfinex is dedicated to safeguarding the effectiveness and credibility of its platform. The management tactfully ensured that all performance-determining obstacles were cautiously identified and appropriately addressed for a precisely uninterrupted trading platform.

Bitfinex Updates Users on Service Restoration Progress

Bitfinex has largely informed its users of the developments regarding the normal service revert journey and the timelines expected to allow trading extensions. The platform, through its management, then extended its appreciations to its users for the immense cooperation and corporation throughout the temporary period of suspension.

Being a distinguished digital asset trading platform, Bitfinex is committed to providing the most secure and dependable service. Therefore, the pause was essential in examining and consequently adjusting any performance challenges that undermined this satisfaction.

Ultimately, the maintenance process of Bitfinex is in its final stages and nearing a successful completion result. The users can expect a prompt return to their usual trading activities in a secure and safe trading environment. The status page of Bitfinex now says that the maintenance has been completed.

In a whirlwind of crypto market activity, one trader has emerged with staggering gains, amassing over $3 million as the price of Brett (BRETT) experienced a meteoric rise of 60%. The news broke when Lookonchain, a prominent cryptocurrency analytics platform, tweeted details of the extraordinary transaction.

According to Lookonchain’s tweet, two wallets, identified as “0x1f72” and “0x8996,” achieved an astonishing return on investment, generating 890.6 *ETH*, equivalent to $3.14 million, with an initial investment of just 0.034 Ether, or $102. This remarkable gain translates to a staggering 30,830x increase in value. The wallets purchased a total of 172.56 million Brett tokens and subsequently sold 122.74 million BRETT for an impressive profit.

2 wallets whitelisted by #Brett Deployer made 890.6 $ETH ($3.14M) with only 0.034 $ETH($102), a gain of 30,830x!What an amazing gain!Wallets"0x1f72" and "0x8996" spent 0.034 $ETH($102) to buy 172.56M $BRETT.Then sold 122.74M $BRETT for 890.65 $ETH($3.14M) on-chain via… pic.twitter.com/a15jKD8UpQ

— Lookonchain (@lookonchain) April 28, 2024

The transactions were conducted on-chain, spanning multiple wallets and transactions. What makes this feat even more intriguing is the fact that both “0x1f72” and “0x8996” wallets are whitelisted by Brett Deployer, as confirmed by the transaction hash provided in Lookonchain’s tweet. This whitelist feature ensures a level of credibility and trust within the Brett ecosystem, indicating the legitimacy of the transactions.

DeFi expert Shady weighed in on the development, revealing that a total of 139 addresses are whitelisted within the Brett ecosystem. Among these addresses, “0x1f72” and “0x8996” stand out as the most profitable, further highlighting the significance of their recent trading activity.

The Meme Coin Craze

Brett, described as a meme coin, operates on the Base Chain platform. At the time of this remarkable transaction, Brett was trading at $0.04718, marking a substantial increase of 61.40% within the past 24 hours alone. The trading volume of Brett also witnessed a significant surge, rising by 73.17% and currently standing at an impressive $115,447,345.

The unprecedented success of the trader behind the “0x1f72” and “0x8996” wallets serves as a testament to the volatility and potential profitability of crypto trading. As the crypto market continues to captivate investors with its rapid fluctuations and lucrative opportunities, stories like this underscore the immense fortunes that can be made in the blink of an eye. However, they also underscore the inherent risks associated with such ventures, reminding participants to exercise caution and diligence in their investment strategies.

Today’s market session saw bulls take over as seen from the global market cap increase. The total cap stood at $2.37T as of press time, representing a 1.8% increase over the last 24 hours, while the trading volume dropped by 10% to stand at $53.27B as of press time.

Bitcoin Price Review

Bitcoin (BTC) is recovering as it registers a slight price increase. In-depth analysis shows that the Bollinger Bands are contracting, suggesting a decrease in volatility. The Bitcoin price is currently hovering around the middle Bollinger Band, indicating a need for a strong trend direction.

On the other hand, Woodie’s CCI is hovering around the zero line, which typically indicates a lack of solid momentum in either direction. The Bitcoin price has recently tested the upper Bollinger Band and was rejected, suggesting resistance at that level. As of press time, the Bitcoin price stood at $63,635, representing a 0.5% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum (ETH) is also having a tremendous session today, as seen by its price movements. In-depth analysis shows that the alligator lines are intertwined and somewhat flat, indicating a ranging market without a clear trend. 

On the other hand, the RSI is around the 55 level, which is neutral territory, not indicating overbought or oversold conditions. The Ethereum price of ETH is moving sideways, respecting the Alligator indicator’s lines as neither support nor resistance is clear. As of press time, the Ethereum price stood at $3,308, representing a 4.8% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Ripple Price Review

Ripple (XRP) has also managed to bounce back, as evidenced by its slight price increase. Looking at an in-depth analysis of Ripple price charts, we see that the Ripple price oscillates around the cloud, suggesting a lack of a strong trend. It’s currently slightly above the cloud, hinting at a potential uptrend.

On the other hand, the Money Flow Index (MFI) is roughly in the middle at 44.53, indicating neither overbought nor oversold conditions. The Ripple price shows a mix of red and green candles, with no clear direction. As of press time, the Ripple stood at $0.5188, representing a 0.2% increase from its previous 24-hour price.

4-hour XRP/USD Chart | Source: TradingView Optimism Price Review

Optimism (OP) is another gainer in today’s session, as evidenced by its impressive price action. An in-depth analysis shows that the recent switch from red to green suggests a potential change to an uptrend.

On the other hand, the Optimism price shows higher lows and higher highs, indicating bullish behavior. As of press time, the Optimism price stood at $2.69, representing a 15.7% increase from its previous 24-hour price.

4-hour OP/USDT Chart | Source: TradingView Starknet Price Review

Starknet (STRK) is another gainer in today’s session, as evidenced by its price movements. Looking at in-depth analysis, we notice that the chart includes an Auto Pitchfork, showing a price within the lower half and indicating a downtrend or consolidation phase.

Looking at momentum indicators, we see that the volume oscillator is negative, which could indicate less buying pressure and a continuation of the downtrend or range-bound conditions. The Starknet price has bounced off the lower Pitchfork line, suggesting some support at this level. As of press time, the Starknet price stood at $1.29, representing a 10.6% increase from its previous 24-hour price.

4-hour STRK/USDT Chart | Source: TradingView

April has been quite an eventful month in the crypto space, as evidenced by the events over the period. From the Bitcoin halving event to Doge Day, many crypto coins saw massive price movements in reaction to the events. 

Core DAO Price Review

Core DAO (CORE) emerged as this month’s top gainer, evidenced by its impressive performance over the past 30 days. The Core DAO price has recorded an incredible 100% surge over the period, holding a spot price of $2.26 as of press time.

Core DAO’s pump over the month can be attributed to recent partnerships by the community, which has since seen more enthusiasm for the token. Just recently, Full Force launched its launchpad on CORE DAO to introduce an Engage to Invest Launchpad to the Core community. This adds to the long list of activities by the token’s community this month. 

Full Force is now officially a @Coredao_Org Launchpad!We're excited to launch on the Core blockchain, introducing our first-of-its-kind Engage to Invest Launchpad to the Core community.Interested in accessing premier Core DAO launches?Sign up at https://t.co/FIV6Sjs5TC… pic.twitter.com/OHNTBCefgD

— Full Force (@Fullforce_io) April 25, 2024

Neo Price Review

Neo (NEO) is also another top gainer for April. The token stole the spotlight several times this past month, having capped impressive runs. The Neo price has recorded a notable 10.04% surge over the period, holding a spot price of $18.16 as of press time.

NEO’s impressive run over the month can be attributed to its testnet launch among other announcements made over the period. On April 22, Neo and Beta launched their TestNet with features including consensus node election & reward distribution for governance. It also featured a Bridge from Neo X to Neo N3.  

Neo X Beta TestNet has been launched! New features include: Governance: Consensus node election & reward distribution. Bridge from Neo X to Neo N3. Read the article to learn more, including how $GAS will be used for governance on Neo X.https://t.co/A7EdBazIyN

— Neo Smart Economy (@Neo_Blockchain) April 22, 2024

Pendle Price Review

Pendle (PENDLE) is another top gainer this month, having also managed an impressive run over the past 30 days. The Pendle price has recorded a notable 29.01% surge over the period, holding a spot price of $5.55 as of press time.

Pendle’s surge over the period can be attributed to its new sUSDe pool (25 July 2024 maturity) with 20x Sats/day plus USDe staking yield. LPs in the soon-to-mature sUSDe pool can roll over their yield streak to earn more Sats at an even higher rate. This development has since seen increased attention on the token. 

Ethena x Pendle Season continues ~New sUSDe pool (25 July 2024 maturity) with 20x Sats/day 𝙥𝙡𝙪𝙨 USDe staking yield LPs in the soon-to-mature sUSDe pool (25 April 2024) now have the chance to rollover your yield streak to earn more Sats at an even higher rate pic.twitter.com/83lfBNtLlp

— Pendle (@pendle_fi) April 24, 2024

Ethena Price Review

Ethena (ENA) is another top gainer this month, evidenced by its impressive performance over the period. The Ethena price has recorded a notable 22.6% surge over the period, holding a spot price of $0.8552 as of press time.

Ethena’s pump over the period can be attributed to recent token listings on significant exchanges, which have stirred enthusiasm in its community. On April 25, the token announced a listing on Coinbase. 

@CoinbaseIntExch will add support for Aevo, Ethena, and Etherfi perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our AEVO-PERP, ENA-PERP, and ETHFI-PERP markets will begin on or after 9:30am UTC on 2 MAY 2024. pic.twitter.com/41tyomtH0I

— Coinbase International Exchange (@CoinbaseIntExch) April 25, 2024

Toncoin Price Review

Toncoin (TON) has also made it among the month’s top gainers amid several impressive runs in the last few days. The Toncoin price has recorded a notable 5.4% surge over the period, holding a spot price of $5.44 as of press time.

Toncoin’s surge over the month can be attributed to a recent partnership by the community. On April 26, the TON community announced they had partnered with KuCoin to launch the Community Incentives which included learning and earning opportunities and trading competitions campaign to celebrate $USDt’s launch on TON.

@kucoincom has teamed up with TON Foundation to launch the "Community Incentives + Learn & Earn + Trading Competition" campaign to celebrate $USDt’s launch on #TON! Complete tasks, learn, and earn your share of the $200K prize pool. How can you join? Let’s find out… pic.twitter.com/5hvn2cwqJN

— TON (@ton_blockchain) April 26, 2024

Just before Ethereum embarked on its surge, driven by the listing of the Franklin Templeton ETH ETF on the DTCC ETF list, it experienced a notable price uptick. This surge was foreshadowed by three substantial ETH withdrawals from Binance, executed by three fresh whales. These withdrawals, totaling 11,557 ETH, marked a significant event as it was the first time such a sizable amount had been withdrawn from the exchange. At the time of withdrawal, the total value amounted to approximately $36M.

Before the $ETH price went up due to the addition of Franklin Templeton ETH ETF to the DTCC #ETF list, 3 new whales withdrew 11,557 $ETH ($36M) from #Binance for the first time at ~$3,116.Now, these whales are making $1.76M (+5%) in unrealized profits.Is it just luck or are… pic.twitter.com/bIxA7qT0SD

— Spot On Chain (@spotonchain) April 28, 2024

Ethereum Whales Gain $1.76M Profit After Binance Withdrawal

After the withdrawal, the value of Ethereum appreciated, and the new whales are now in possession of unrealized profits amounting to $1.76 million, or a gain of 5%. This information is sourced from Spot on Chain, a platform that tracks on-chain information and offers a concise and clear view of access and whale decisions.

The withdrawal of the over 11,000 ETH from Binance in this case could trigger an increased interest by investors and commentators on the movement of the crypto amounts by the whales.

Whales’ Timely Ethereum Withdrawals Precede Price Surge and Unrealized Profits

The timing of these withdrawals aligned with the inclusion of the Franklin Templeton ETH ETF into the DTCC ETF list, giving an idea that the whales in question could be expecting an Ethereum price surge. In this case, the ETF listing news could have acted as a buying trigger, leading to increased demand.

Consequently, due to the subsequent surge of Ethereum’s price following the news about the ETF, these whales are now holding considerable unrealized profits. The example with these whales and the profits they made, therefore, reaffirm the Ethereum’s dynamic nature of the cryptocurrency market and the ability for considerable profits for smart investors. Monitoring whale activity and trends can help investors make informed decisions on how to enter the cryptocurrency space.

This week has also been an eventful one for crypto, as evidenced by price movements of different coins in the space. With the halving event recently, a couple of coins reacted positively while quite a number also responded negatively to the event. 

Pepe Price Review

Pepe (PEPE) is this week’s top gainer, as seen from its price movements over the past seven days. As of press time, Pepe, trading at $0.000007383, had seen a 21% pump from its previous seven-day price, as its market cap stood at $3.1B during the same period.

Pepe’s recent surge can be attributed to recent events in the community at the beginning of the week. On April 23, Coinbase announced that their 1000PEPE-PERP market was in full-trading mode on Coinbase International Exchange and Coinbase Advanced. This event has since sparked interest in the meme coin, which has caused a rise this week.

Our 1000PEPE-PERP market is now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. pic.twitter.com/hO32wARVFu

— Coinbase International Exchange (@CoinbaseIntExch) April 23, 2024

Bonk Price Review

Bonk (BONK) emerges as this week’s second top gainer as meme coins steal the spotlight. As of press time, Bonk, trading at $0.00002518, had seen an 18% pump from its previous seven-day price, as its market cap stood at $1.6B during the same period.

Bonk’s price surge this week can be attributed to a couple of events that happened over the week involving Bonk that might have stirred an interest in the meme coin. Earlier this week, Bonk donated $12,193 to animal nonprofits in March ahead of the fashion show scheduled over the past week.

Shoutout to @bonk_inu & @BONKForPaws for donating $12,193 to animal nonprofits in March!Don't miss their fashion shows in Hong Kong (May) & London (July), where all proceeds will be matched & donated to causes supported by @TheGivingBlock. https://t.co/wXg8ItALVT

— The Giving Block (@TheGivingBlock) April 25, 2024

Hedera Price Review

Hedera (HBAR) is another gainer in today’s session, posting some remarkable gains. At the time of writing, Hedera, trading at $0.1041, had seen a 14.9% pump from its previous seven-day price, as its market cap stood at $3.7B during the same period.

This week, the glorious pump on the Hedera price can be attributed to its recent announcements, which might have stirred some enthusiasm in the token’s community. In collaboration with TheBlockFoundation, Hedera announced the launch of an Educational Learning Briefing Series aimed at educating the market on April 26, guiding effective policy, empowering institutions exploring blockchain, and advancing responsible innovation within web3.

In collaboration with @TheBlockFound, #Hedera is excited to announce the launch of an Educational Learning Briefing Series aimed at educating the market, guiding effective policy, empowering institutions exploring #blockchain, and advancing responsible innovation within #web3.… https://t.co/jFyxFHBMDV

— Hedera (@hedera) April 26, 2024

NEAR Protocol Price Review

NEAR Protocol (NEAR) is also among the top gainers in today’s session, as evidenced by its price movements. At the time of writing, NEAR Protocol, trading at $7.25, had seen a 13.5% pump from its previous seven-day price, as its market cap stood at $3.7B during the same period.

The recent pump over the seven days can be attributed to a recent partnership by the protocol that contributed some optimism to the token. On April 25, the NEAR Foundation announced a collaboration with LuloX, a pioneering Colombian fintech firm, and  Peersyst, to launch a stablecoin on NEAR to broaden economic perspectives within Web3 throughout LatAm.

The NEAR Foundation partners with LuloX, a pioneering Colombian fintech firm, and @Peersyst, to launch a stablecoin on NEAR to broaden economic perspectives within Web3 throughout LatAm.Get the full run down:https://t.co/XhLdJSYxe9 pic.twitter.com/FVfmjVJgWv

— NEAR Protocol (@NEARProtocol) April 25, 2024

Tron Price Review

Tron (TRX) is another gainer in this week’s session, boasting some notable gains over the period. At the time of writing, Tron, trading at $0.1213, had seen a 9% pump from its previous seven-day price, as its market cap stood at $10.6B during the same period.

Tron’s surge over the week can be attributed to the supply of stablecoins on Tron. According to data from Messari, the supply of stablecoins on TRON reached over $50B in Q1. Revenue was recorded at 7.

State of @trondao Q1 Key Update:Supply of stablecoins on TRON reached over $50B in Q1QoQ Metrics Revenue 7% Stablecoin market cap 8% Avg daily DEX volume 142% Read the full report https://t.co/UQJWFQCkd2 pic.twitter.com/vMm8YMaTEk

— Messari (@MessariCrypto) April 26, 2024

Today’s market session has seen bears retake control due to the drop in the global market cap. The total cap stood at 2.33T as of press time, representing a 1.12% decrease within the last 24 hours, and the trading volume stood at $52.09B, representing a 23% drop over the last 24 hours. 

Bitcoin Price Review

However, Bitcoin (BTC) has gained some in today’s session despite the general downtrend. The recent *BTC* price movement is toward the lower band, indicating potential support around that area. If the price consistently stays near or breaches the lower band, it could signal an oversold condition and a possible reversal if other factors align.

On the other hand, the Awesome Oscillator (AO) shows a series of red bars, indicating bearish momentum. The fact that the bars are below the zero line and increasing in length suggests that the bearish pressure is strong. As of press time, the Bitcoin price stood at $63,716, representing a 1.2% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum (ETH) is also a gainer in today’s session as evidenced by its price movements. Looking at the Alligator indicator, the lines seem intertwined with no clear direction, often indicating a range-bound market or the possibility of forming a trend. The recent candles are above all three lines, indicating a potential uptrend.

On the other hand, the RSI is around 71, which is in the overbought territory. This could indicate that a correction or consolidation may follow. As of press time, the *ETH* price stood at $3,111, representing a 6.3% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Optimism Price Review

Optimism (OP) is among the top gainers in today’s session, as seen in its price movements. In an in-depth analysis, we see that the Optimism price is above the Supertrend line, which is green and suggests a bullish trend.

On the other hand, the Money Flow Index (MFI) is quite high at around 77.63, indicating that the market might be overbought. As of press time, the Optimism price stood at $2.68, representing a 16.85% increase from its previous 24-hour price.

4-hour OP/USDT Chart | Source: TradingView Arweave Price Review

Arweave (AR) is also a top gainer in today’s session, as evidenced by its price movements. The Arweave price is above the cloud, which is green, indicating a bullish market. The recent candlesticks are above the conversion line (blue) and the baseline (red), further supporting the bullish signal.

On the other hand, Woodie’s CCI is above the zero line, which typically indicates bullish momentum. The red and green bars represent price momentum. As of press time, the Arweave price stood at $35.68, representing a 13.15% increase from its previous 24-hour price.

4-hour OP/USDT Chart | Source: TradingView Starknet Price Review

Starknet (STRK) is another gainer in today’s session as evidenced by the price movements. The Starknet price is within the pitchfork, which provides potential support and resistance levels. The recent price action is near the median line, which might act as support.

On the other hand, the Average Directional Index (ADX) is around 24, which suggests a weak to moderate trend strength. It is not high enough to tell a strong trend. As of press time, the Starknet price stood at $1.28, representing an 11% increase from its previous 24-hour price.

4-hour STRK/USDT Chart | Source: TradingView

Saakuru Labs, a high-speed EVM-compatible L2 blockchain, has initiated a collaboration. As per the platform it is partnering with Aethir, a platform that provides infrastructure for cloud computing, to advance blockchain gaming by using Distributed GPU Infrastructure. This partnership intends to significantly improve the gaming sector. For this, it focuses on unveiling the resilient cloud server of Aethir for developers on Saakuru.

Saakuru Labs Collaborate with Aethir to Enhance Blockchain Gaming Experience

To provide the details of the collaboration, the platform shared a blog post on Medium. The respective development will reportedly improve the user experience, development, and performance of the blockchain games on Saakuru’s ecosystem. While giving insights into the project, the platform disclosed the cooperation between the Saakuru Labs as well as the game developers.

The company added that both parties are building on Sakuru Protocol’s top to leverage the cutting-edge edge technology. The platform will reportedly benefit from its collaborator’s decentralized servers for cloud gaming. They boost the capabilities of the developers working within the ecosystem of Saakuru. As a result of this, the developers can host and develop more complicated and graphically comprehensive games.

With the use of the distributed graphical processing unit infrastructure of Aethir, the developers can deal with conventional hardware limitations. This enables the players to experience high-end gaming straight from their devices. In this respect, they will be able to bypass the individual device restrictions. The partnership specifically plays a crucial role in Saakuru’s further progress.

This move indicates Saakuru’s dedication to offering infrastructure for enormous blockchain games. These games feature super-fast transfers along with low latency. Hence, this combination contributes a lot to support concepts such as completely on-chain games. This enables real-time interactions and high performance which were formerly difficult to achieve because of technological limitations.

The Joint Endeavor Sets the Stage for More Cutting-Edge Developments in the Gaming Sector

The joint effort of both entities is likely going to set a unique standard concerning blockchain gaming. The respective infrastructure supports the present demands of complicated gaming projects. Apart from that, it also leads to further advancements that could revolutionize the gaming sector. The strategic collaboration denotes a landmark in the mission of Saakuru Labs to increase global audience, scalability, and accessibility for blockchain gaming.

Welcome to this week’s crypto news review by BlockchainReporter. This week presented us a mix of events with positive news regarding blockchain projects and concerning news from the regulators. In a bold move, Consensys, filed a lawsuit against the U.S. SEC regarding the regulation of Ethereum (ETH). This lawsuit aims to prevent Ethereum from being classified as a security. Meanwhile, PayPal has partnered with Energy Web and DMG Blockchain Solutions to address environmental concerns surrounding Bitcoin mining. Additionally, Changpeng Zhao, the founder of Binance crypto exchange, faces a potential three-year sentence, underscoring the U.S. government’s crackdown on crypto platforms. Floki and Alchemy Pay have joined forces to enable fiat-based purchases of $FLOKI , while Injective launched INJ 3.0 on the mainnet, enhancing token deflation. Keep reading for details of these highlights.

Consensys Challenges SEC’s Ethereum Regulation

Consensys, a key player in blockchain technology, has taken a bold step by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit is regarding the regulation of Ethereum (ETH). The lawsuit aims to prevent Ethereum from being classified as a security, asserting its role as a global computing firm rather than an investment vehicle.

This move comes amidst growing concerns in the cryptocurrency community about regulatory overreach by the SEC. Consensys argues that such classification could hinder innovation and jeopardize America’s leadership in blockchain technology. The lawsuit underscores the importance of defending Ethereum’s ecosystem and calls on others in the industry to oppose what it sees as overly aggressive regulatory actions by the SEC. Recently, the impression that SEC will reject Ethereum Spot ETFs applications is becoming strong.

PayPal Teams Up for Eco-Friendly Bitcoin Mining

PayPal has joined forces with Energy Web and DMG Blockchain Solutions to address the environmental concerns surrounding Bitcoin mining. Together, PayPal and the others aim to incentivize miners to adopt cleaner energy sources through cryptoeconomic incentives.

This collaborative effort introduces a reward system for miners operating sustainably. This will encourage broader adoption of eco-friendly practices. By certifying green miners and offering lower transaction fees, the initiative seeks to promote sustainability within the crypto industry. Moreover, it will help in optimizing existing networks like Bitcoin for a greener future.

Binance’s ChangPeng Zhao Faces Potential Three-Year Sentence in the US

Changpeng Zhao, Binance founder, could be sentenced to 3 years in prison following a recommendation from the U.S. Department of Justice (DOJ). The DOJ alleges Zhao’s involvement in multiple violations of federal sanctions and funds laundering regulations. Despite Zhao’s legal team arguing for no jail time, citing his acceptance of responsibility and hefty fines paid, the DOJ insists on a strict penalty to set a precedent.

Zhao’s legal battle began recently with a guilty plea last Nov for breaching Bank Secrecy Act. His defense proposes probation with home confinement in Abu Dhabi, highlighting the lack of precedent for incarceration in similar cases. They argue Zhao wasn’t directly aware of illicit activities on Binance’s platform, suggesting the scale doesn’t warrant prison. The case underscores the U.S. government’s crackdown on crypto platforms bypassing regulatory frameworks. Zhao has garnered community support, but his sentencing, deferred to April 30, prolongs uncertainty for him and the crypto market.

Floki and Alchemy Pay Join Forces for Fiat-Based $FLOKI Crypto Purchases

Floki, the utility-focused cryptocurrency inspired by meme culture, has partnered with Alchemy Pay to facilitate fiat purchases of its token, $FLOKI . Through Alchemy Pay’s On-Ramp Service, users from 170+ countries can seamlessly acquire $FLOKI using fiat currency.

The collaboration with Alchemy Pay simplifies cryptocurrency investment, eliminating complexities associated with fiat-to-crypto transactions. Alchemy Pay’s extensive fiat payment integrations ensure user safety and accessibility, aligning with Floki’s commitment to inclusivity and usability in the crypto space.

Injective Launches INJ 3.0 on Mainnet, Enhancing Token Deflation

Injective, a leading blockchain platform, has launched INJ 3.0 on the mainnet. This move aims to transform the $INJ crypto token into one of the most deflationary assets in the crypto sphere. The announcement was made via the company’s official account on X.

INJ 3.0 introduces a reduction in the INJ token supply over time, with the decline expected to occur at an accelerated pace. Injective expresses confidence in the project’s advancement, marking the beginning of an era focused on enhancing user experience. The tokenomics system of INJ 3.0 underwent community voting, resulting in authorized changes to the mechanism. According to DeFiLlama, Injective currently holds $62.7M in total value locked.

In conclusion, this week showcased a diverse range of developments across the cryptocurrency landscape. From Consensys’s bold move challenging SEC’s Ethereum regulation to PayPal’s partnership for eco-friendly Bitcoin mining, the industry continued to witness both innovative strides and regulatory challenges. The potential three-year sentence faced by Binance’s CZ underscores the ongoing scrutiny faced by crypto platforms, while partnerships like Floki and Alchemy Pay aim to simplify cryptocurrency investment. Additionally, Injective’s launch of INJ 3.0 on the mainnet marks a significant step towards enhancing token deflation. As the crypto ecosystem evolves, stay tuned for further updates and insights into the dynamic world of blockchain technology.

In the ever-evolving sphere of cryptocurrency, whispers of the next big opportunity for life-altering gains spread like wildfire. Amidst this enthusiasm, one crypto millionaire hints at the gateway to unprecedented wealth.

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From Warehouse to Wealth: How Rob Became a Crypto Millionaire in Six Months

Meet Rob, a former supermarket warehouse manager turned crypto millionaire in just six months. At 35, he’s already retired, thanks to a risky $8,000 bet he made on Shiba Inu, the popular meme coin. Rob’s journey to riches began with a simple desire: to secure a better future for his partner and son.

Intrigued by the potential of cryptocurrencies, he stumbled upon Shiba Inu (SHIB) in August 2020 and dove into its 28-page white paper, finding himself captivated by its promise. “After reading that, I was hooked. I just believed the words,” he recounted. Slowly but surely, Rob invested $8,000, expecting modest growth. Yet, as the coin’s value surged in May, he watched in awe as his investment multiplied.

Checking his account hourly to confirm his gains were real, Rob reflected on his humble beginnings, noting, “I come from quite a poor background. I could never have even fantasized about having this much money.” But for Rob, this newfound wealth wasn’t just a dream—it was a tangible reality. Cashing out $500,000 of Shiba Inu, he deposited it into his bank account, only to see his earnings soar past $1 million as SHIB continued its upward trajectory. Whether or not this millionaire will venture into DTX Exchange, a token attracting investors in their droves remains to be seen. However, the father-son duo say they were happy with their earnings despite having cashed in too soon.

In other SHIB news, a crypto investor who acquired $7,850 worth of Shiba Inu coins shortly after its debut in 2020 recently ascended to billionaire status. Within 14 months, another trader amassed a staggering $5,414,700 million by purchasing approximately 70 billion Shiba coins in just one day, positioning Shiba Inu (SHIB) as a top crypto to buy.

However, amid these tales of prosperity, it’s crucial to recognize the inherent volatility and risk associated with cryptocurrencies. Unlike traditional investments, the unregulated nature of crypto leaves investors vulnerable without regulatory protection, heightening the stakes of financial loss.

The absence of a guaranteed liquidity pathway further compounds concerns, as evidenced by the plight of a trader who fell victim to a cryptocurrency scam, losing nearly $500,000. Similarly, an investor’s well-intentioned advice to their aunt to invest $200,000 in Shiba Inu resulted in substantial losses within 24 hours.

These cautionary tales serve as reminders of the unpredictable nature of the crypto market and the importance of exercising prudence and diligence when deciding what crypto to buy.

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Grayscale Investments, a prominent crypto asset management platform, has recently announced some job openings to add qualified candidates. On its X account, the platform open-handedly invited individuals who have the proper tech qualifications to be a part of Grayscale. The recent post on the platform revealed that the company is offering jobs in a variety of departments.

We're constantly seeking qualified candidates to join the Grayscale team! Browse available opportunities on our job board:https://t.co/J99Mf6gerM pic.twitter.com/Dt1olR2bRf

— Grayscale (@Grayscale) April 27, 2024

Grayscale Offers Exclusive Jobs for Well Qualified Personnel

On the official website of Grayscale, the company has mentioned all the currently available jobs. The recent jobs include 4 major job positions related to ETFs. These jobs include Director National accounts, Market Leader, Portfolio Consultant, and Senior Associate ETF Products. All these jobs are available in the Satmford office in the US.

Grayscale Investments operates as the biggest digital asset management company. With its diverse group of investment products, the platform enables exposure and access to the digital asset class. As per the company, it provides the respective access as well as exposure as a conventional security.

In this way, the platform does not pose any complications or difficulties to the users for the digital asset activities. As a result of this, the clients can leverage the direct storage, purchase, and safekeeping of digital assets. Hence, the respective facilities increase user confidence and the adoption of the platform’s services.

With the help of such services and products, the company has been maintaining its significant position within the market. It reportedly has a resilient track record of matchless user experience in comparison with the other fellow entities. The products that Grayscale provides work within the regulatory frameworks that are currently implemented. This brings a compliant and secure exposure for the whole class of investors.

The Jobs Expand beyond ETFs to Turn the platform into an All-Inclusive Hub

The job postings are not limited to ETFs. The company additionally requires a compliance analyst, an associate for internal controls, a paralegal expert, and an analyst for operations. Moreover, the other jobs take into account product manager, IT director, quant developer for digital assets, graphic designer, and field marketing manager. Meanwhile, ETF-related jobs include senior associate for ETF products, portfolio consultant, market leader, and director of national accounts.

The landscape of crypto wallets is evolving, with recent data from Santiment highlighting some intriguing trends amidst fluctuating market conditions. According to their latest analysis, the number of non-empty Bitcoin wallets continues to increase, suggesting a sustained or growing interest in the most dominant cryptocurrency, despite its price volatility. This rise contrasts with the trends observed in wallets for some altcoins, which appear to have plateaued following significant increases earlier in the year.

Bitcoin, often regarded as a digital gold standard in the cryptocurrency world, seems to be experiencing a silent yet steady growth in its user base. The resilience of Bitcoin wallet activity could be reflective of a deeper trust in its long-term value or a strategic positioning by investors aiming to capitalize on potential future upswings in its market price. This growing number of engaged users underscores Bitcoin’s unwavering appeal, even as the crypto market navigates through waves of uncertainty.

The total amount of non-empty #Bitcoin wallets are rapidly growing despite choppy prices. #Altcoin wallets for assets like #Dogecoin have flattened after enormous rises earlier this year. #Cardano is one of the few networks to see active wallets drop. https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy

— Santiment (@santimentfeed) April 27, 2024

Divergent Trends in Altcoin Wallet Activity

On the flip side of the crypto spectrum, altcoins such as Dogecoin have seen their wallet activities stabilize. After the dizzying heights reached by meme coins and various altcoins earlier in the year, which were fueled by viral trends and a general market euphoria, the normalization in wallet numbers could indicate a maturation of investor sentiment towards these assets. 

This stabilization might suggest that the initial surge in interest is being tempered by a more cautious approach from investors, wary of the volatility that often accompanies such assets.

Interestingly, Cardano (ADA) presents a unique case among its peers. Unlike Bitcoin and Dogecoin, the number of active Cardano wallets has declined. This drop could be linked to several factors, including market dynamics, investor sentiment shifts, or even developments within the Cardano network itself. 

Cardano has been known for its rigorous approach to development and potential scalability solutions, which could also play a role in the fluctuating number of active users as upgrades and new functionalities are implemented.

Implications for the Crypto Market

These differing trends across major cryptocurrencies highlight the diverse dynamics at play within the broader crypto market. For investors and market analysts, understanding these patterns is crucial for making informed decisions. 

The increase in Bitcoin wallets demonstrates a potential strengthening of foundational support for cryptocurrencies during uncertain times, while the fluctuations in altcoin activities could signal shifting market paradigms and investor strategies.

As the crypto environment continues to evolve, tools and analyses provided by platforms like Santiment are invaluable. They offer a granular look at the shifts in participant behavior and asset performance, essential for navigating the complex and often unpredictable cryptocurrency landscape. As we move forward, monitoring these trends will be pivotal in predicting the directions various digital assets might take and the overall market health.

HashPack, a prominent wallet that operates on the Hedera Wallet platform, has recently announced an exclusive update. As per the project, it is launching the v9.9.0 version update to facilitate the consumers with several new features, enhancing the user experience. On its official X account, the wallet disclosed that it has formally launched the respective update.

HashPack v9.9.0 Token Swap V2 & Token Detail Update is now live!We've spent the last little while heavily upgrading our swap system.We now support @SaucerSwapLabs V2 pools as well as multi-hop. This should result is less swap failures and more competitive quotes.You'll… pic.twitter.com/zWVmCtXhQc

— HashPack Wallet (@HashPackApp) April 27, 2024

HashPack Wallet’s New Update Includes More Effective and Rapid Operations

In its latest post, the project revealed that it has spent the recent time paying attention to the latest upgrade. In this respect, it has significantly focused on improving the swap mechanism of the platform. The latest update is reportedly quite beneficial for the clients as the wallet’s compatibility has increased to a great extent.

The HashPack wallet noted in the post that its support has expanded to SaucerSwap Labs (a non-custodial open-source trading protocol). Keeping that in view, the wallet will potentially experience minimized swap failures. In addition to this, the wallet platform will also go through additional competitive quotes.

The company added that, apart from the above-mentioned features, the consumers will also witness rapidity. This means that the wallet operations will become comparatively swifter than their previous status. While discussing the latest upgrade, the platform asserted that the wallet needed the respective upgrade for some time. The new update is the initial step that paves the way for a few of the enthusiastic DeFi features.

The Users Can Utilize the Upgrade by Restarting the Browser and Installing the Latest Chrome Extension

In line with this perspective, the upgrade is potentially making a strong contribution to the further progress of the wallet. Along with that, it stated that the platform had also been endeavoring to include additional information concerning the tokens. The respective information includes the trade history and total value locked. According to the platform, the users can restart their browser to leverage the update by installing the exclusive Chrome extension.

The crypto universe is consistently abuzz with the movements of its most prominent figures, and recent activities linked to Justin Sun, the founder of Tron, have once again drawn the spotlight. 

Insights from the on-chain analytics platform, Lookonchain, suggest significant financial maneuvers that may indicate a strategic shift for the cryptocurrency pioneer. Understanding these transactions provides a window into the strategies employed by high-profile crypto investors in navigating the volatile market landscape.

A New Financial Play?

Justin Sun, a well-known entity in the cryptocurrency world, appears to be making significant changes to his investment strategy, according to Lookonchain. Recently, a new wallet associated potentially with Sun has made substantial withdrawals from the prominent exchange Binance. 

This move involved the transfer of 95.67 million USDT and 7,402 ETH, which is approximately valued at $23.3 million. Such a shift not only underscores a possible strategic diversification but also highlights the fluid nature of asset management in the crypto sphere.

Did #JustinSun change a new wallet?A fresh wallet withdrew 95.67M $USDT and 7,402 $ETH($23.3M) from #Binance today.This is similar to the previous transaction behavior of 2 wallets that withdrew large amounts of $ETH and stablecoins from #Binance.https://t.co/qBsVs3jbnd pic.twitter.com/Gqvd9mStBn

— Lookonchain (@lookonchain) April 27, 2024

The recent transactions echo Sun’s previous behavior on the blockchain, where significant amounts of ETH and stablecoins were moved, indicating a pattern that Lookonchain has tracked over time. 

This consistency in transaction patterns may suggest a calculated financial strategy, perhaps in anticipation of market shifts or as part of a broader asset allocation adjustment. The involvement of large sums underscores the impact such moves can have on market perceptions and the potential ripple effects across the crypto ecosystem.

Contextualizing Sun’s Moves within Broader Market Trends

The timing of these transactions by Justin Sun through his potentially new wallet is particularly noteworthy. They follow his earlier large-scale purchases of Ethereum, as previously reported by Lookonchain. 

This continued accumulation of *ETH* could be interpreted as a strong belief in Ethereum’s long-term value, especially in a time when the market is recovering from various fluctuations. Analyzing these moves could provide investors and market watchers with insights into possible future trends and the confidence major players have in specific cryptocurrencies.

Such significant financial activities are not just a matter of personal asset management for figures like Justin Sun but also serve as indicators for the broader market. 

Each transaction by high-profile individuals is closely watched and can influence market sentiment, potentially leading to shifts in investor behavior. Furthermore, these moves highlight the importance of transparency and the role of analytics platforms like Lookonchain in providing the crypto community with real-time, actionable data that can inform investment decisions.

Today’s market session has seen bears control markets due to movements in the global market cap. The total cap stood at $2.33T as of press time, representing a 1.8% decrease over the last 24 hours. The trading volume also dropped by 20% within the same period to stand at $63.18B.

Ethereum Price Review

Ethereum (ETH) has fallen prey to today’s bear sentiment, as evidenced by its price movement. In-depth analysis shows that the Bollinger Bands, which seem to be narrowing, indicate decreased volatility. The Ethereum price fluctuates around the middle SMA band, suggesting a lack of strong bullish or bearish momentum.

On the other hand, the Money Flow Index (MFI) is around 42, which is in the neutral territory, neither indicating overbought nor oversold conditions. As of press time, the Ethereum price stood at $3,173, representing a 1.3% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Wormhole Price Review

Wormhole (W) is another gainer in today’s session as it emerges among the top gainers. Looking at an in-depth analysis, we see that Wormhole price charts display the Alligator indicator with the jaw, teeth, and lips lines, showing a sideways movement, as the lines are intertwined, suggesting a consolidation phase without a clear trend.

Conversely, the Awesome Oscillator (AO) hovers around the zero line with small bars, further confirming the market’s indecisiveness. As of press time, the Wormhole price stood at $0.6111, representing a 2% increase from its previous 24-hour price.

4-hour W/USD Chart | Source: TradingView Optimism Price Review

Optimism (OP) is also among the top gainers in today’s session, as its price movements show. Analyzing Optimism price charts, we see that the Ichimoku Cloud is featured here, with the Optimism price currently below the cloud, which may indicate a bearish outlook. However, the cloud ahead is thinning, suggesting the trend may weaken or reverse.

On the other hand, looking at indicators, we see that the Average Directional Index (ADX) is at 37.98, indicating a relatively strong trend. However, given the price position concerning the Ichimoku Cloud, it’s a bearish trend. As of press time, the Optimism price stood at $2.38, representing a 1.92% increase from its previous 24-hour price.

4-hour OP/USD Chart | Source: TradingView Uniswap Price Review

Uniswap (UNI) also posted some notable gains in today’s session, as evidenced by its price action. Analysing Uniswap price charts, we notice a Supertrend indicator is applied, currently signalling a bearish trend as the price is below the Supertrend line.

On the other hand, the Commodity Channel Index (CCI) shows a recent return from oversold territory, indicating potential buying pressure entering the market. As of press time, the Uniswap price stood at $7.73, representing a 1.31% increase from its previous 24-hour price.

4-hour UNI/USD Chart | Source: TradingView The Graph Price Review

The Graph (GRT) is another top gainer in today’s session as evidenced by its price movements. Looking at an in-depth analysis of The Graph price charts, we see an Auto Pitchfork tool is used, which shows price consolidation within the pitchfork, suggesting a balanced market between supply and demand.

On the other hand, the Money Flow Index (MFI) is just above the middle at 51.92, which is neutral and does not show any clear overbought or oversold conditions. As of press time, The Graph price stood at $0.2642, representing a 1.76% increase from its previous 24-hour price.

4-hour GRT/USD Chart | Source: TradingView

L2scan, a widely known platform for all tiger networks, is excited to announce its strategic partnership with B² Network, the world’s most prominent practical Bitcoin Layer2 Network. This partnership is a gigantic step forward as L2scan becomes the block explorer for the first time on the Layer 2 Bitcoin B² Network. The rollup block explorer is employed with AI technology by L2scan, providing users with summary and query chat options.

Strategic partnership with B² Network Starting today:1⃣ We are the official block explorer provider for the #Bitcoin Layer 2 B² Network.Explore here: https://t.co/zyaVMExJAf2⃣ L2scan will be the official dApps portal for the @BSquaredNetwork Ecosystem.We encourage… pic.twitter.com/xLNRgsZNQw

— L2scan (@l2scan) April 27, 2024

L2scan Enhances User Experience with Stronger Collaboration

AI-powered exploration is a stand-out feature of L2scan, made possible by AI technology. It is an essential feature that makes it easier for users to explore relevant information and navigate the platform with ease. L2scan also runs on Community. L2scan supports a community-powered environment where the UI is simplified and dev-tools strengthened to improve collaboration.

The project is transparent and open. Users can see the platform’s codebase since the system is open-source. L2scan is personalized. It means that users can customize their interaction with the system depending on their preferences.

A ranking system based on wallet address is also another feature of L2scan that provides insight into the engagement of user wallet addresses. The platform allows users to keep track of wallet addresses and the overall trend in the network. The data is also real-time, which means the rankings are regularly updated to the latest.

L2scan and B² Network Enhance Layer 2 Network Navigation

In the exploration of decentralized applications, trust and reliability are of the importance. L2scan seeks to rewrite this narrative through the incorporation of verified listings and real-time metrics. The projects availed on L2scan are registered by the project owners.

Moreover, the dApps data is verified at the time of listing to landscape any scam. Data and rankings on L2scan are generated on chain data straight from dApp smart contracts. L2scan, in collaboration with the B² Network team, are poised to fuel innovation and development across the blockchain space.

The partnership is dedicated to ensuring that the exploration of Layer 2 Networks in B² Network is safe and guided. The advanced features, clear processes, and reliable data by L2scan in collaboration with B² Network will make Layer 2 navigation easier and safer in the Bitcoin ecosystem.

As the Shiba Inu (SHIB) community braces for the imminent Shibarium hard fork, a flurry of activity has gripped the ecosystem, resulting in a remarkable escalation in the burn rate of the beloved meme coin. This surge in burning activity, accompanied by a notable reduction in the circulating supply of SHIB, underscores the fervent anticipation surrounding the impending upgrade and highlights the proactive engagement of SHIB enthusiasts.

Shibburn, a prominent wallet tracking platform, has provided insights into the recent surge in SHIB burning, revealing a significant outflow of meme coins from the circulating supply. This surge coincides with the announcement by the SHIB team regarding the forthcoming Shibarium upgrade, slated to be implemented in less than a week.

According to the latest data from Shibburn, the SHIB community has exhibited remarkable fervor over the past 24 hours, collectively disposing of an impressive 44,801,216 Shiba Inu meme coins. This surge in burning activity has propelled the daily SHIB burn rate to skyrocket by an astounding 835.28%. Noteworthy among these burns are three substantial transactions, totaling 35,852,170, 6,261,928, and 1,000,000 SHIB, respectively, all directed towards unspendable blockchain addresses.

Cumulatively, the Shiba Inu community has successfully burnt a staggering 410,726,100,388,767 SHIB tokens, while the total circulating supply currently stands at 589,273,899,611,232 SHIB. The 419 trillion meme coins have been irreversibly locked away in the SHIB burn wallet, which now boasts the largest-ever amount of SHIB, as confirmed by the Arkham Intelligence platform.

A New Dawn for SHIB Ecosystem

The heightened activity in SHIB burning coincides with the recent announcement made by the official X account of the Shiba Inu token, disclosing the scheduled hard fork of the Shibarium chain on May 2. This significant upgrade promises to enhance the speed of new block production and introduce predictable transaction fees, ensuring fair and equitable treatment for all users.

Moreover, the Shibarium hard fork is poised to unlock a myriad of opportunities for users, streamlining their interaction with the Layer-2 blockchain. In addition to the anticipated hard fork, positive developments continue to unfold within the SHIB ecosystem, with reports confirming a successful fundraising endeavor. The SHIB team recently secured an impressive $12 million to fuel the development of a Layer-3 blockchain atop Shibarium, aimed at fortifying security and privacy for users and their transactions.

1/ SHIBARMY, we are on the brink of a transformative upgrade for Shibarium. Through an upcoming hard fork expected to go live on May 2nd, we're introducing a suite of new features designed to enhance user experience and empower our community of innovators and developers.

— Shib (@Shibtoken) April 25, 2024

As anticipation mounts for the Shibarium hard fork, the SHIB community remains resolute and actively engaged, contributing to a surge in burning activity and laying the groundwork for further advancements within the ecosystem. With significant upgrades on the horizon, the Shiba Inu token ecosystem is poised for continued growth and innovation in the dynamic landscape of decentralized finance (DeFi).