Glassnode, an on-chain market analytics provider, has announced an exclusive package of advanced on-chain metrics. According to the company, it is unveiling up to twenty-eight exclusive on-chain metrics that add to wallet distribution as well as holding age. The platform brought this development to the front through its official X account.

Glassnode introduces a new suite of 28 cutting-edge On-Chain metrics, adding both holding age, and wallet distribution breakdowns to critical metrics, such as SOPR, MVRV, Realized Profit, and Realized Cap.Discover more in our latest insights articlehttps://t.co/khfhqkHDu5 pic.twitter.com/bsBi1vIBBf

— glassnode (@glassnode) April 25, 2024

Glassnode’s Unique On-Chain Metric Suite Promises a Better Display of the Market Outlook

Apart from that, to provide more details about the latest features, Glassnode published a blog post on its website. It added that all the latest on-chain metrics are now accessible on the platform concerning Ethereum and Bitcoin. The latest endeavor reportedly strengthens the status of Glassnode as a frontrunner in on-chain analytics.

For this purpose, it adds an unparalleled depth to crucial metrics. They take into account Realized Cap, Realized Profit, MVRV, and SOPR. The inclusion of the enhanced breakdowns in line with the wallet size and holdings distributions is very beneficial. This enables the consumers to significantly increase their knowledge of market sentiment, asset fundamentals, and capital flows.

Clients Can Access the New Metrics Right Away

To access the respective metrics, institutional clients can move to Glassnode Studio. There, they can open Charts after logging in. In this section, the customers can select Breakdowns in the metrics catalog. Users can join the Glassnode Academy to have a detailed overview and the implementation of the metrics in individual analyses. The platform disclosed that the latest metric suite addresses complicated questions regarding market dynamics.

They reportedly increase the ability of the consumers to make wise decisions in line with the comprehensive cohort analysis. Now, the platform has a better position in offering an additionally intuitive outlook of the asset holdings and flows. A crucial benefit of the new suite is that it specifically focuses on traders with volume analysis, loss and profit signals, risk assessment, and early detection of the trends in the market.

April 2024 has seen a dynamic shift in the cryptocurrency market with Bitcoin setting new records and several altcoins marking significant gains. Amid these promising developments, cryptocurrencies such as Solana, Ripple, and lesser-known ones like KangaMoon and Dogwifhat are making substantial strides. However, leading the altcoin pack is BlockDAG, known for its groundbreaking integration of Directed Acyclic Graph (DAG) technology, setting a robust trajectory in its market valuation.

BlockDAG: A Trailblazer in Cryptocurrency Innovation

BlockDAG is rapidly gaining traction with a staggering $20.6 million raised in its presale, thanks to its innovative DAG technology which enhances transaction efficiency and scalability. With a target price of $30 by 2030 and a current presale price of $0.006, BlockDAG is not just a sound investment; it’s a glimpse into the future of blockchain technology. The network is set to revolutionize the crypto space with its upcoming moon-themed keynote, positioning it as a prime candidate for substantial ROI, forecasted right now at 30,000x once the network will be on the official listings by the end of the year. So far, the network has sold over 8 billion BDAG coins in presale.

Bitcoin (BTC): The Undisputed Leader

Bitcoin remains the titan of cryptocurrencies with a market cap of $1.4 trillion and a phenomenal year-over-year return of 150%. The original cryptocurrency, created by Satoshi Nakamoto, continues to be a safe and profitable investment, especially after reaching a price of around $70,603 in April 2024.

Ethereum (ETH): The Platform of Choice for Developers

Ethereum holds a pivotal position in the crypto market with a market cap of $434.8 billion and an impressive annual return of 95%. It is highly valued not just as a cryptocurrency but also for its robust platform that supports smart contracts and NFTs, making it indispensable for blockchain developers.

Tether (USDT): Stability in a Volatile Market

As a stablecoin, Tether offers a semblance of stability in the highly volatile crypto market, maintaining a market cap of $107.1 billion. It’s backed by fiat currencies like the U.S. dollar and the Euro, providing a buffer against crypto market volatility and making it a preferred choice for cautious investors.

Binance Coin (BNB): Much More Than a Utility Token

Originally created to offer an alternative method for paying transaction fees on the Binance exchange, Binance Coin has grown exponentially with a market cap of $87.3 billion and a staggering year-over-year growth of 87%. Its versatility extends beyond just trading, as it can be used for booking travel arrangements and more.

Solana (SOL): Fast and Scalable

Solana has made significant headlines with its unique hybrid proof-of-stake and proof-of-history mechanisms that ensure fast and secure transaction processing. With a market cap of $78.1 billion and a 767% return over the year, Solana’s SOL token is a hot pick for investors looking for rapid growth in their portfolios.

Ripple (XRP): The Bridge Between Fiat and Crypto

XRP stands out for its ability to facilitate fast and affordable cross-border transactions. With a substantial market cap of $34.7 billion and a yearly return of 25%, Ripple remains a solid investment, particularly for those interested in the broader application of cryptocurrencies in traditional finance.

Dogecoin (DOGE): The Meme Coin That Became a Heavyweight

Initially started as a joke, Dogecoin has burgeoned into a formidable cryptocurrency with a market cap of $27.9 billion and a 134% return this year. Its community-driven approach and unlimited supply make it a unique player in the crypto space.

Toncoin (TON): High Speed and Eco-Friendly

Toncoin has quickly adapted to market needs by providing high-speed transaction capabilities and a commitment to environmental sustainability. With a market cap of $23.1 billion and a 204% return this year, TON is becoming a favored choice among eco-conscious investors.

Cardano (ADA): Pioneering a Greener Blockchain

Cardano is distinguished by its early adoption of proof-of-stake validation, which enhances transaction speed and reduces environmental impact. With a market cap of $22.0 billion and a modest year-over-year growth of 59%, ADA is poised for potential growth as it continues to develop its capabilities for smart contracts and decentralized applications.

In Conclusion

As the cryptocurrency market continues to evolve, these top ten cryptos present lucrative opportunities for investors. From the pioneering Bitcoin to innovative platforms like BlockDAG, each offers a unique angle on the digital currency revolution, promising not only returns but also a stake in the future of finance.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Bitcoin has undergone its latest halving event, reducing the block reward from 6.26 to 3.125 *BTC*, which cuts the daily issuance of Bitcoin to 450 BTC. This significant reduction in supply is a scheduled part of Bitcoin’s deflationary monetary policy, designed to curb inflation by halving block rewards approximately every four years.

The spike in transaction fees was short-lived. As the hype around RUNES protocol settled, fees normalized, bringing miner revenues down to about $50M. pic.twitter.com/pxd5ylob7X

— CryptoQuant.com (@cryptoquant_com) April 25, 2024

Following the halving, Bitcoin miners initially saw a dramatic increase in their revenues, reaching up to $100 million on the first day. This spike was primarily fueled by elevated transaction fees generated by a surge in activity on the RUNES protocol. This newer blockchain platform saw substantial transaction volumes during this period.

However, the increased miner earnings were short-lived. As the excitement around the RUNES protocol began to fade, transaction fees normalized, leading to a significant drop in miners’ daily revenues. This normalization was also influenced by a decline in the floor price of RUNES, indicating a reduction in market interest.

Impact on Miner Profitability

Despite a high network hash rate, which remained stable at 617 exahashes per second (EH/s), the profitability for miners has been compromised. The lower transaction fees combined with the reduced block reward have driven the price to its lowest point since October 2023, presenting ongoing profitability challenges for miners. This has set a new norm for lower daily revenues since the halving benefits through increased fees quickly dissipated.

Miners are now facing a new economic environment where they must adapt to lower earnings and potentially reconsider the sustainability of their operations under current conditions. The industry may see shifts in mining strategies or technological advancements aimed at maintaining profitability despite these challenges.

Bears still have the upper edge in today’s session, as evidenced by the drop in the global market cap. The total cap stood at $2.35 as of press time, representing a 4.49% decrease over the last 24 hours, while the trading volume jumped by 18% to $88.1B.

Ethereum Price Review

Ethereum (ETH) has fallen prey to the bear activity today as evidenced by its price drop over the last 24 hours. Looking at an in-depth analysis of *ETH* price charts, we notice that the Bollinger Bands are moderately wide, indicating a decent level of volatility in the price action.

On the other hand, the Money Flow Index (MFI) is at 52.83, which is in the middle range, indicating neither overbought nor oversold conditions. The Ethereum price is slightly below the middle Bollinger Band (20 SMA), suggesting a potential downtrend continuation unless it reverts above this moving average.  As of press time, the Ethereum price stood at $3,161, representing a 0.4% increase from its previous 24-hour price.

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

Wormhole (W) is among the few gainers today, as evidenced by its impressive movements. In-depth analysis shows that the SuperTrend indicator is above the Wormhole price and in red, signalling a bearish trend. The price is currently stable at around $0.650.

On the other hand, the Average Directional Index (ADX) is at 19.43, which suggests a weak trend. An ADX value below 25 indicates a lack of strong direction in price movement. As of press time, the Wormhole price stood at $0.6634, representing a 19.13% increase from its previous 24-hour price.

4-hour W/USDT Chart | Source: TradingView Bonk Price Review

Bonk (BONK) is another gainer in today’s session despite the general bear market trend. Looking at in-depth analysis, we notice that the Ichimoku Cloud indicates a bullish trend with the Bonk price above the cloud.

Conversely, looking at other indicators, we notice that the Money Flow Index (MFI) is high at 71.79, suggesting that the asset might be approaching overbought territory. As of press time, the Bonk price stood at $0.00002882, representing a11.7% increase from its previous 24-hour price.

4-hour BONK/USDT Chart | Source: TradingView Theta Network Price Review

Theta Network (THETA) is another gainer in today’s session as it defied the bear wave. Looking at Theta Network price charts, we notice that the Alligator indicator shows the lines starting to interweave, which could mean the market is currently without a clear trend or maybe in consolidation.

On the other hand, gauging momentum, the Woodies CCI is close to the zero line, indicating a lack of strong momentum. During writing, the Theta Network price stood at $2.49 representing a 5% increase from its previous 24-hour price.

4-hour THETA/USDT Chart | Source: TradingView Internet Computer Price Review

Internet Computer (ICP) has, however, fallen prey to the bear action as it fails to post gains in the current session. Looking at an in-depth analysis of Internet Computer price charts, we notice that the Auto Pitchfork shows the Internet Computer price in the upper half of the pitchfork, indicating a bullish bias. However, some resistance is currently being faced.

On the other hand, the Volume Oscillator is at -12.84%, which means that volume decreases on down moves, possibly signalling less conviction in the downward price movement. During writing, the Internet Computer price stood at $13.77, representing a 1.3% decrease from its previous 24-hour price.

4-hour ICP/USDT Chart | Source: TradingView

The cryptocurrency market is volatile and unpredictable. There’s always uncertainty about whether crypto tokens prices move up or down. However, there are some tokens that give investors peace of mind due to their resilient performance even during the tough times such as market correction or bearish sentiment given their solid fundamentals and real life utilities. 

On top of that, achieving financial freedom isn’t just about selecting any digital asset; it’s about strategically building a portfolio that withstands market volatility and capitalizes on the digital economy’s growth. Investors are turning to innovative crypto tokens that offer not only growth potential but also utility in transforming industries. 

Building a resilient crypto portfolio is essential for navigating the volatile cryptocurrency market. It involves diversification across various types of crypto assets, such as different cryptocurrencies, stablecoins, and tokens with real-world utility. Diversifying helps reduce the risk of significant losses if one asset underperforms and allows investors to capture growth across different sectors. Including stablecoins can provide a buffer against market volatility, acting as a safe haven during downturns.

Regular rebalancing of the portfolio ensures it remains aligned with your risk tolerance and investment goals, adapting to rapid market changes. Utilizing risk management tools like stop-loss and take-profit orders can further protect your investments from extreme fluctuations. This strategic approach not only mitigates risks but also positions the portfolio for potential long-term growth, making it crucial for both seasoned and novice investors aiming for financial stability and growth in the digital economy.

Let’s dive into three such tokens that are making significant impact within the crypto space and best suitable for a resilient crypto portfolio: Morpheus.Network ($MNW), Chainlink ($LINK ), and Filecoin ($FIL ).

Morpheus.Network ($MNW)

Morpheus.Network ($MNW) is at the forefront of the supply chain SaaS sector, driving improvements in efficiency and transparency. By integrating with various legacy systems, it allows for seamless automation of complex supply chain operations, making logistics more efficient and transparent. The utility token, $MNW, serves a dual purpose: facilitating transactions within the platform and incentivizing various stakeholders in the supply chain.

Morpheus.Network successfully tackles logistical challenges and the issue of counterfeit goods, earning acclaim from top industry leaders. Its impressive client list includes major names like UAE’s Gulftainer, Canada’s Sobeys, Coca-Cola, FCL, and Marsh Insurance. It has also been selected by the governments of Brazil, Uganda, and Argentina to enhance their agribusiness supply chains, showcasing its global impact.

In addition, Morpheus.Network is supported by leading tech incubators such as Google Accelerator Canada and Microsoft’s Startup Founder Hub and boasts a UN supply chain expert as part of its team. This expertise contributes to its robust supply chain solutions, including integration with SAP. The platform utilizes a node system essential for decentralizing supply chain management, which allows node operators to earn passive income. 

These operators play a crucial role in securing the network and validating transactions, enhancing overall system reliability. Operators must stake 900 $MNW tokens per node, with a cap of five nodes to ensure decentralization, and can earn up to an 18% annual percentage yield (APY), making it a competitive option in the cryptocurrency space.

The resilience of $MNW lies in its real-world application. With the global supply chain market projected to grow to $37 billion by 2027, up from $15 billion in 2020, according to a Markets and Markets research report, Morpheus.Network is well-positioned to capture significant market share. Its adoption by multinational corporations could drive the demand for $MNW tokens, providing strong potential for appreciation.

$MNW token price sustains around $1 after a negligible drop of 0.7% in the weekly time frame. Despite the rampant drop in values of cryptocurrencies, $MNW price showed resilience without losing much during the correction phase. Such resilience makes the utility token worthy to achieve higher price levels when the bull phase of the crypto market hits. 

Chainlink ($LINK )

Chainlink stands out in the crypto landscape as a decentralized oracle network that provides reliable, tamper-proof data for complex smart contracts on any blockchain. Chainlink’s ability to securely connect smart contracts with off-chain data and services is foundational in enabling functionalities that go beyond transaction processing.

Financially, Chainlink has shown formidable growth. As of 2024, with a market capitalization that often finds itself in the top 20 of all cryptocurrencies, Chainlink’s strategic partnerships with tech giants and its integration into multiple blockchain projects underscore its importance and potential for long-term growth. 

The $LINK token, essential for paying node operators within the network, has seen its price surge by over 200% in the past two years, illustrating robust market confidence.

$LINK token saw an uptrend in the past one year where the price pumped from $7 to hit a 52-weeks high of $21, marking a 3x growth. However, the token price saw a correction after hitting the recent high and currently trading at $15. The utilities that Chainlink brings to the table places the $LINK token in a position to achieve fresh highs in the coming months. 

Filecoin ($FIL )

Filecoin is a decentralized storage network designed to store humanity’s most valuable information. By allowing users to rent out their spare storage space, Filecoin creates a market for data storage that is not only cheaper but also more robust and secure than traditional cloud storage solutions.

The demand for storage continues to explode, with the IDC forecasting that worldwide data will grow 61% to 175 zettabytes by 2025. With its innovative protocol and incentive system, Filecoin is positioned to capitalize on this growing need. 

The $FIL token, which facilitates transactions within the network, such as paying for storage or rewarding miners, has seen significant growth. In 2023, $FIL tokens appreciated by over 300% as adoption increased, particularly among industries requiring secure and decentralized data storage solutions.

At present $FIL token trading price is $6.5 after a slight uptick 0.3% today. In the last 30 days, the token has lost 25% of its value after attaining an yearly high at $11.5. From the yearly low of $3 attained in September 2023, $FIL token price rose 300% after experiencing a correction and drop to the current price. It is expected to continue the uptrend in the coming months in the anticipation of next crypto market rally. 

Building a resilient crypto portfolio that can thrive in the digital economy means looking beyond mere speculation to tokens like $MNW, $LINK , and $FIL , which offer tangible real-world utilities and are backed by robust technological frameworks. 

As these platforms continue to expand their market presence and demonstrate their impact across industries, they represent strategic assets for any investor aiming for financial freedom in the burgeoning digital economy. Remember, a successful crypto investment strategy combines diversification with a keen eye on technological innovation and market trends.

Alchemy Pay, a leading provider of crypto and Web3 fiat payment solutions, has announced its seamless integration of the newly launched USDt on TON stablecoin by Tether onto its payment ramp. This strategic move aims to enhance accessibility and user experience for those transacting with USDt on the TON Network through fiat means, tapping into Telegram’s extensive user base of 900 million individuals.

#AlchemyPay has integrated the newly-launched USDt stablecoin by Tether which expands accessibility to @ton_blockchain’s Web3 Ecosystem in Telegram, the messenger boasting an immense user base of 900 million.We are proud to enhance the user experience for those looking to… pic.twitter.com/3cg4cyQq3s

— Alchemy Pay|$ACH : Fiat-Crypto Payment Gateway (@AlchemyPay) April 25, 2024

The Telegram Open Network (TON) is a globally recognized decentralized blockchain community that has been actively building the Web3 ecosystem within Telegram since its inception. Driven by a vision to instill Web3 principles of freedom and openness among Telegram’s vast user base, TON transitioned into an open-source community project in 2020.

TON is committed to achieving robust cross-chain interoperability within a secure and highly scalable framework. Designed to support millions of transactions per second (TPS), TON aims to cater to hundreds of millions of users in the foreseeable future.

Alchemy Pay’s Role in Enhancing TON Ecosystem

Alchemy Pay’s integration of USDt on the TON Network is poised to significantly improve accessibility for users within the TON ecosystem. This collaboration is expected to fortify the network’s overall strength and facilitate the easy onboarding of a large number of global users. Specializing in bridging the gap between crypto and fiat payments for mainstream accessibility, Alchemy Pay boasts unparalleled global coverage across 173 countries.

The platform supports fiat-crypto transactions through a diverse range of payment methods, including Visa, Mastercard, Google Pay, Apple Pay, regional mobile wallets, and domestic transfers. With over 300 fiat payment channels, Alchemy Pay’s ramps extend beyond card payments to access local mobile wallets as well.

The success of Alchemy Pay can be attributed to its team’s extensive background in traditional finance and fintech payments. Leveraging their years of experience in the crypto industry, Alchemy Pay has forged strong partnerships with prominent blockchain platforms and services such as Polygon, ICP, Avalanche, Algorand, Arbitrum, Binance Pay, Trust Wallet, and OKX.

Recognized for its credibility in the traditional payment sector, Alchemy Pay has been enlisted by both Visa and Mastercard as an authorized third-party service provider. Additionally, its impressive range of licensing achievements across countries and regions including the UK, the United States, Canada, Indonesia, and Lithuania further solidifies its leading position in the crypto payment landscape.

With its ambitious vision, TON aims to empower 500 million users to own their digital identity, data, and assets by 2028. The integration of USDt by Alchemy Pay marks a significant step towards achieving this goal, as it enhances the network’s capability to offer seamless fiat transactions to its growing user base. Alchemy Pay’s support for USDt on the TON Network represents a pivotal moment in the evolution of both platforms, promising increased accessibility, user engagement, and growth within the global crypto and Web3 ecosystems.

In a significant development aimed at fostering mainstream blockchain adoption, XION has introduced its innovative Chain Abstraction layer. This new release promises to simplify the use of blockchain technology, making it as intuitive as traditional web platforms. 

By integrating Chain Abstraction, XION enhances its existing user-friendly approach with the ability to seamlessly link various blockchain ecosystems, starting with Injective. This initiative is set to transform how users interact with blockchain applications, emphasizing ease of use without the technical barriers typically associated with blockchain technology.

XION’s mission is to demystify the complexities of Web3 by implementing user-friendly interfaces that resonate with the everyday internet user. Leveraging familiar Web2 functionalities, such as email authentication, XION allows users to engage with decentralized applications (DApps) across all devices effortlessly. 

This approach removes common obstacles like gas fees and complicated security measures, which often deter newcomers from exploring blockchain technologies. The introduction of Chain Abstraction is a continuation of XION’s strategy to make the decentralized web accessible and practical for a global audience.

XION launches first user-friendly Chain Abstraction solution, starting with @Injective.Frictionless ecosystem interoperability opens up new avenues for mainstream adoption.This is the future of Web3 – seamless user experiences and application composability.Try it today ↓ pic.twitter.com/dGxWyvJZza

— Burnt (XION) (@burnt_xion) April 25, 2024

Streamlining Cross-Chain Functionality

The core of XION’s Chain Abstraction is its ability to facilitate smoother interactions across different blockchain networks. Traditionally, navigating between blockchains has been a challenge for users due to the technical complexities involved, such as managing multiple wallets and understanding network-specific peculiarities. 

XION’s Chain Abstraction addresses these issues by allowing users to operate across chains using a single, unified XION account. This integration significantly simplifies user experience and broadens accessibility, which is crucial for bringing blockchain technology to a wider audience.

In collaboration with Injective, XION has made it possible for users to access Talis, a decentralized application, without the usual hassles associated with cross-chain activities. 

This means that users no longer need to worry about bridging assets between chains, installing numerous browser plugins, or managing different seed phrases and transaction signatures. By reducing these barriers, XION not only enhances user experience but also encourages greater participation in the decentralized ecosystem.

Future Expansions and Impact

Looking ahead, XION plans to extend its Chain Abstraction to additional blockchain ecosystems, further broadening its reach and utility. This progressive rollout underscores XION’s commitment to building a blockchain platform that is not only secure and interoperable but also universally accessible. With over $32 million raised from prominent investors like Animoca, Circle Ventures, and Multicoin, XION is well-positioned to drive significant advancements in how consumers interact with blockchain technologies.

The strategic development of Chain Abstraction by XION is poised to redefine the competitive landscape of Layer 1 blockchains, shifting from a fragmented and isolated approach to one that promotes cooperation and collective growth. 

As XION continues to break down the technical and usability barriers traditionally associated with blockchain, it sets the stage for a new era of digital interaction where blockchain solutions are as commonplace and easy to use as traditional web services. For both developers and users, XION’s innovations represent a leap forward in making blockchain a practical, enjoyable, and integral part of everyday online activities.

It has recently been revealed that SlowMist partner’s imToken has identified a new cryptocurrency scam. This specific scam, which is committed during offline transaction, often involves payment in USDT as the currency of choice. The novelty of this scheme is that it consists of cheating the aforementioned offline users into believing they have received the payment after using the scammer’s manipulated Ethereum node Remote Procedure Calls.

Cryptocurrency Scammers Exploit Authentic Wallet Downloads

In detail, the scam generally unfolds in the following manner: initially, the perpetrator persuades the victim to download the authentic imToken wallet, as an act of good faith. After the victim completes this step, the scammer sends them 1 USDT and a fraction of ETH to the wallet as a transaction from the fraudulent node to the genuine node. Armed with evidence of a successful transaction, the victim feels that dealing with the scammer is legitimate. At that point, the scammer directs them to switch their ETH RPC URLs to redirect to a false node.

Therefore, the simulated node effectively doubles the user’s USDT balance, creating a fully planted picture of an increased deposit. However, when the user is ready to make a withdrawal, the bitter truth is revealed. This is nothing more than a hoax as the McCraney had never genuinely delivered the funds for the deposit.

SlowMist’s MistTrack Tool Exposes Extent of Cryptocurrency Scam Transactions

The scammer himself disappears and stops any further communication with the user in any suitable communication channel. However, the scam is highly hidden in the format of balance manipulation, as Fork can not only alter already provided balance values, but it can also change contract information, underlining the threat of this deceit for an unsuspecting user.

Meanwhile, it is necessary to comprehend the idea of Remote Procedure Calls to understand the method of the scam. RPC helps a user communicate with a blockchain platform, check the balance or choose an option to send a specific amount of cryptocurrency, and eliminate the potential usage of such malicious modifications and SQL injections as malicious balance or transaction distortion.

Ultimately, MistTrack tool by SlowMist showed multiple transactions of USDT and ETH complementary to the scam from the victim’s wallet inquiry. This information emphasizes the endless expansion and multiplication of the scam among unsuspecting users.

Nexo, a prominent player in the cryptocurrency space, has announced the launch of Wormhole’s native token, $W , on its platform. This integration marks a significant step forward in bridging the operational divides that exist between various blockchain networks. Wormhole itself is designed to facilitate not only the transfer of tokens but also to enable secure, decentralized messaging across different blockchain platforms. This capability is vital for maintaining real-time communication within the Web3 ecosystem, thereby enhancing the overall privacy and security of user data.

.@wormhole's $W is live on Nexo! Let's explore. Wormhole is dedicated to bridging gaps between diverse blockchain platforms, enabling not just token transfers but also robust, decentralized messaging. This service is crucial for real-time, secure communication across Web3,… pic.twitter.com/OsMNys9PaN

— Nexo (@Nexo) April 25, 2024

Wormhole’s introduction on Nexo is expected to enhance the fluidity with which digital assets can be managed across multiple blockchain environments. By providing tools that maintain the integrity and unique properties of assets while they traverse these diverse networks, Wormhole aims to simplify the complexities traditionally associated with multi-chain transactions. This development could potentially shift how cryptocurrencies are managed on a broad scale, promoting a more interconnected digital asset landscape.

Expanding the Utility of $W in Blockchain Governance

Within the Wormhole network, $W is not merely a medium of exchange but also a tool for governance and protocol enhancement. Token holders have the opportunity to participate in governance decisions, influencing significant protocol upgrades and modifications. This involvement is crucial for the decentralized aspect of blockchain technology, where community input can directly shape the network’s evolution and functionality.

Furthermore, the governance mechanism within Wormhole allows users to earn rewards by actively participating in network activities. This incentivization scheme is designed to encourage ongoing engagement with the platform, ensuring its adaptability and longevity in a rapidly evolving market. The functionality of $W thus extends beyond typical utility tokens, embedding itself deeply into the fabric of the network’s operations.

Bridging Networks, Enhancing Interoperability

Wormhole’s core mission is to enhance the interoperability across more than 30 blockchain networks, making it one of the most expansive services of its kind in the market. This wide-reaching connectivity not only simplifies user interactions with various blockchains but also opens up new possibilities for developers and businesses looking to expand their operations across multiple platforms without compromising on security or efficiency.

The launch of $W on Nexo facilitates this vision by providing a ready marketplace and a liquid environment where these cross-chain activities can thrive. For users of the Nexo platform, this means greater flexibility in asset management, and for the broader blockchain community, it represents a significant advance towards a more integrated and functional blockchain ecosystem.

Polimec, in partnership with Deloitte, has introduced the KYC Credential system. This innovative solution utilizes the KILT Protocol to offer a reusable, banking-grade standard for Know Your Customer (KYC) processes, which enhances security and compliance across the Polkadot ecosystem.

The Web3 Foundation is excited to sponsor @DeloitteCH KYC Credentials for the ecosystem through the Decentralized Futures program. With the imminent launch of @PolimecProtocol, you'll be able to use them very soon. Learn more and take control of your data:… pic.twitter.com/O0IrvbzGFg

— Web3 Foundation (@Web3foundation) April 25, 2024

Features

The KYC Credential, developed over 18 months, marks a revolutionary step in identity verification technology. By allowing users to undergo a one-time verification, this tool provides a self-sovereign identity that can be reused across various platforms without repetitive verification processes.

The collaboration between Deloitte, one of the Big Four accounting firms, and Polimec underlines the scalability of integrating traditional financial security measures with advanced decentralized technologies. The Web3 Foundation has sponsored the initial release of 2,000 KYC Credentials, available at a significant discount, to facilitate early adoption within the Polkadot community. This strategic move ensures the technology’s foundational users are well-integrated within the ecosystem, fostering broader acceptance and integration.

The introduction of the KYC Credential is set to significantly elevate the reputation of the Polkadot ecosystem by demonstrating a commitment to stringent security and compliance standards. Moreover, this initiative is expected to strengthen existing partnerships and attract new collaborations. It highlights Polkadot’s capabilities in supporting sophisticated blockchain applications and its leadership in leveraging blockchain technology for practical, real-world uses.

New data shared on CryptoQuant notes a substantial increase in unrealized Bitcoin ($BTC ) profits for long-term players in the cryptocurrency market. Long-term “whales,” who manage to accumulate large positions in a particular crypto for an extended period, have seen huge profits, which might impact market sentiment the day they opt to withdraw them and cash out.

Unrealized Whales' Profits“Highlights a significant rise in long-term whales's unrealized profits, suggesting they're holding onto their positions and could impact the market if they start taking profits.” – By @Woo_Minkyu Full post https://t.co/UspANdO97Z

— CryptoQuant.com (@cryptoquant_com) April 25, 2024

Unrealized Profits of Long-Term Whales Surge as Bitcoin Prices Soar

As the Source indicates, this data visualizes the unrealized profits of whales based on the long-term holdings. The black chart represents the price of Bitcoin, while the green one showcases how the high-profile investors’ profits remained unrealized across time. Hence, even when Bitcoin’s price started to soar, they did not take their profits by cashing out.

The chart reveals a considerable increase in unrealized profits held by long-term whales, suggesting that they are not capitalizing on the bull market and are choosing to retain their stakes instead. The magnitude of their unrealized gains readjusts the possibility that they may affect the market significantly if they decide to profit and dump.

Market Watches Closely as Long-Term Whales Weigh Profit Booking

Because of their propensity for driving sell-offs and arousing sector apprehension and resulting volatility, the investment activities of long-term whales are closely monitored by both analysts and investors. If a significant proportion of long-term whales opt to capitalize and liquidate their stakes, this could increase selling pressure until a market correction follows.

Nevertheless, the decision of when and how much profits to book rests on numerous factors for instance investment strategy, existing market circumstances, and price forecasts. Consequently, while the data currently indicates an increase in unrealized profits among long-term whales, it fails to predict their potential response to market dynamics.

Ultimately, a rise in unrealized profits among long-term whales in the cryptocurrency market underscores their importance and the degree to which they can now influence market prices

As the landscape of gaming continues to evolve, XOCIETY, an upcoming pop shooter with RPG elements, is set to redefine expectations on the Sui blockchain later this year. Developed by NDUS Interactive, this game aims to harness the unique capabilities of Sui’s technology—particularly its dynamic NFTs and rapid transaction speeds—to create a gaming experience that is both engaging and groundbreaking.

With a foundation built on Unreal Engine 5, XOCIETY promises a visually stunning and immersive environment that leverages the full potential of modern gaming technology.

XOCIETY is not just another addition to the crowded gaming market; it is a testament to the possibilities that lie at the intersection of gaming and blockchain technology. By incorporating Sui’s dynamic NFTs, XOCIETY allows players to truly own their in-game assets, a revolutionary step forward from traditional gaming practices where players often purchase digital items without obtaining actual ownership. 

This integration ensures that every avatar, weapon, or piece of gear can be controlled, upgraded, and even traded by the player, providing a real-world value to their in-game efforts and achievements.

ICYMI, today we announced that @XOCIETYofficial, coming in late 2024, will leverage Sui's dynamic NFTs and quick transaction speeds for the pop shooter game!https://t.co/BYOx0B8eJm

— Sui (@SuiNetwork) April 25, 2024

Enhancing Gameplay with Advanced Blockchain Features

One of the standout features of XOCIETY is its use of Sui’s zkLogin, which streamlines the onboarding process for new players. Unlike traditional blockchain games that might require new users to navigate the often complex process of setting up a digital wallet and acquiring cryptocurrency, 

XOCIETY simplifies this entry point. Players can log in using existing credentials from popular third-party services, significantly lowering the barrier to entry and inviting a broader audience to experience Web3 gaming.

Furthermore, the game’s structure is designed to support both PVP (player vs. player) and PVE (player vs. environment) modes, making it accessible to a wide range of gamers. Whether it’s battling against other players or exploring the game world to combat NPCs and creatures, XOCIETY offers a diverse and dynamic gameplay experience. 

This flexibility is enhanced by the underlying Sui blockchain, which supports high transaction throughput and low latency, ensuring that the game environment is both responsive and engaging.

A New Era of Game Monetization and Interoperability

NDUS Interactive’s approach with XOCIETY is encapsulated in their tagline “Shoot, Earn, Pioneer.” This slogan highlights the game’s dual focus on providing exhilarating action and rewarding players for their engagement and exploration. 

The promise of earning through gameplay is a significant draw, offering players tangible rewards that extend beyond the digital realm. Additionally, the potential for NFTs to be transferable between XOCIETY and other projects opens up new avenues for interoperability within the Web3 space, further enhancing the value of in-game assets.

Anticipation for XOCIETY is building, with early access expected to roll out in November or December of 2024. Prospective players and interested observers can view gameplay footage on the game’s YouTube channel to get a taste of what’s to come. 

As the launch date approaches, the gaming community is keenly watching to see how XOCIETY will leverage the advanced capabilities of the Sui blockchain to deliver a new generation of gaming experience—one that could set new standards for player engagement and investment in the digital age.

Tokyo, Japan, April 25th, 2024, Chainwire

Leading crypto trading platform Bybit is hosting the Initial DEX Offering (IDO) for Slash (SVL), a decentralized payment protocol designed to transform how merchants and consumers use digital tokens for transactions. Immediately following the IDO’s conclusion, the SVL token will be listed on the Bybit spot exchange and made available for trading on April 29, 2024, at 10am UTC.

To participate in the IDO, users must ensure they have a Bybit Wallet with at least 300 USDC on the MANTLE Chain and register between 10am UTC on April 22, and 10am UTC on April 26. The platform will conduct up to three daily snapshots to determine the eligibility of users.

The IDO offers 26,315,800 SVL tokens at a launch price of 0.0019 USDC per token, with 500 winning tickets in the token allocation lottery. Each winning ticket allows the holder to redeem SVL tokens worth 100 USDC from their Bybit Wallet.

“Our highly anticipated IDO is a pivotal moment for Slash, representing a key milestone in our journey to completely reshape the landscape of decentralized payments,” said Slash founder Shinsuke Sato. 

“Our protocol not only simplifies transactions for users and e-commerce merchants but also ensures that every participant in the ecosystem is rewarded through a comprehensive fee redistribution model.”

In addition to the Initial DEX Offering, Slash is enhancing its community engagement with a Genesis NFT Campaign. Participants who deposit on Bybit using Slash by 23:59 UTC+9 on April 26 will receive a Genesis NFT, which qualifies them for an upcoming SVL airdrop. The snapshot for this campaign will occur on April 26 at 00:00 UTC+9.

Slash sets itself apart by enabling seamless integration with third-party finance dApps and automating the token conversion process via smart contracts. This functionality allows merchants to accept a wide array of crypto payments directly, while users can enjoy the convenience of making purchases with almost any digital token. 

Slash is also committed to fostering a sustainable and participatory ecosystem by redistributing 100% of its protocol fees back to token stakers.

About Slash

SVL (Slash Vision Labs) is pioneering the transformation of the cryptocurrency payments landscape with its innovative ecosystem, built on the Mantle Network. Embracing decentralization and community empowerment, SVL redistributes 100% of protocol fees back into the ecosystem, rewarding token stakers and fostering active participation. Slash offers two flagship products: Slash Payment and Slash Card. Since launching in October 2022, Slash Payment has empowered over 4,000 merchants to seamlessly accept various tokens on any network as forms of payment, processing over $180 million worth of transactions. Slash Card is the first-ever and only crypto-backed credit card that complies fully with Japan’s stringent crypto and payments regulations. Bridging fiat and crypto economies, Slash Card aims to onboard Japanese consumers, merchants, developers, and institutions into the world of cryptocurrency seamlessly, offering unparalleled convenience.

Website | X | Discord | Medium | Whitepaper

Contact

Slash Teamhello@slash.vision

A seasoned cryptocurrency analyst, Ali Martinez, has signaled potential trouble for Bitcoin investors, based on recent technical indicators on the 12-hour chart. Two significant sell signals were detected: a death cross between the 50 and 100 Simple Moving Averages (SMA) and a concerning red nine candlestick from the TD Sequential indicator. Martinez warns that if Bitcoin’s price falls below $63,300, it could precipitate further declines to as low as $61,000 or even $59,000.

Two sell signals were presented on the #Bitcoin 12-hour chart: A death cross between the 50 and 100 SMA and a red 9 candlestick from the TD Sequential.If $BTC falls below $63,300, brace for possible dives to $61,000 or even $59,000. pic.twitter.com/24A3YtbgTb

— Ali (@ali_charts) April 25, 2024

Shift Toward Altcoins

In contrast, Michael Van De Poppe, CEO of MN Trading Consultancy, provides a somewhat different perspective on the broader cryptocurrency market. Van De Poppe believes that Bitcoin’s dominance is waning and predicts a potential shift in investor focus toward altcoins. This transition appears to be on the horizon, likely influenced by a “quiet vacuum” in the market that could be disrupted by new momentum from an anticipated Ethereum ETF launch in May.

To me, the #Bitcoin dominance has peaked and there's a significant chance that we'll rotate back to #Altcoins in the coming period.It's a quiet vacuum currently, which we'll need to break through with a potential momentum surrounding the $ETH ETF in May. pic.twitter.com/gtFAHHzsUM

— Michaël van de Poppe (@CryptoMichNL) April 25, 2024

The contrasting views from these experts illustrate a market at a crossroads. While Bitcoin faces downward pressure, the altcoin sector might see revitalized interest and investment, especially with developments like the Ethereum ETF on the way. Investors must monitor these indicators closely as they navigate the volatile cryptocurrency landscape.

New York, New York, April 25th, 2024, Chainwire

Kadena, the only scalable Layer-1 Proof-of-Work blockchain, expands its leadership team by onboarding Annelise Osborne as Kadena’s new Chief Business Officer (CBO). With an illustrious career spanning over 20 years in finance, credit, real estate, and digital assets, Annelise will be responsible for developing and leading new business initiatives and partnerships across Web3 and beyond.

At Kadena, Annelise’s role as Chief Business Officer is not just a new addition to the team but a strategic move to further propel Kadena’s growth within Web3 ecosystems and adoption with institutional opportunities. Her wealth of institutional experience will be instrumental in shaping Kadena’s future. 

Osborne’s appointment is a testament to her exceptional leadership abilities and strategic acumen, honed during her tenure at Moody’s, where she spent 12 years, and her previous position as COO of Propellr. Her wealth of experience brings a unique perspective to Kadena, instilling confidence in her ability to drive the company’s growth and success. 

Before joining Kadena, Annelise was the Head of Institutional with Arca Labs. She successfully led the team’s work with companies to drive blockchain innovation across strategic partnerships and advisory services. 

“We are thrilled to welcome Annelise Osborne as Kadena’s Chief Business Officer. Her extensive leadership experience, years of university-level lectures, and deep involvement in both blockchain and traditional markets position her to bring continued excellence to Kadena’s business operations,” expressed Stuart Popejoy, Kadena’s CEO and Founder. 

“As institutions search for secure and scalable blockchains to build regulated digital assets, I’m elated to join Kadena to offer the necessary technology at such a pivotal moment in time as Wall Street embraces the next frontier of finance,” said Annelise Osborne.

Annelise’s extensive experience in financial services is complemented by her upcoming book, “From Hoodies to Suits: Innovating Digital Assets for Traditional Finance” (Wiley Publishing), set to be released this summer. This book, which delves into the intersection of digital assets and traditional finance, is a testament to her thought leadership and her ability to anticipate and navigate industry trends.

About Kadena 

Kadena is a blockchain technology company that was founded in 2017 by Stuart Popejoy and Will Martino, who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee. Kadena is the industry’s only scalable layer-1 Proof of Work (PoW) blockchain. This scalability enables Kadena to deliver infrastructure-grade performance for any blockchain project. Along with our own smart contract language Pact, Kadena’s platform provides the world with the tools and environment to turn ideas and ambitions into reality. Kadena aims to allow for true blockchain mass adoption.

Contact

Kadena PressKadenapress@kadena.io

In a significant boost to the blockchain gaming landscape, the Starknet Foundation has unveiled its groundbreaking Propulsion Pilot Program. This initiative is specifically designed to support game developers by offsetting the burdensome network fees associated with running games on the blockchain. As the gaming industry grapples with monetization challenges, this program promises to be a game-changer by facilitating smoother operations and promoting extensive growth within the Starknet ecosystem.

Announcing the Starknet propulsion program!The Starknet foundation is proud to announce the Starknet propulsion program, a first of its kind initiative aimed at supporting established teams in launching games on Starknet and appchains settled on Starknet.The program will… pic.twitter.com/yzK5zx9133

— Starknet Foundation (@StarknetFndn) April 25, 2024

Empowering Developers with Financial Support

The Genesis of the Propulsion Pilot Program

Recognizing the hurdles that blockchain game developers face, particularly the high costs of network fees, Starknet Foundation has strategically introduced the Propulsion Pilot Program. This pioneering project aims to alleviate financial burdens by reimbursing developers for the network fees incurred while operating games on the Starknet Mainnet. Season 0 marks the beginning of what is planned to be a series of supportive measures for developers in the Starknet community.

Mechanics of Support

The core of the program lies in its unique funding mechanism which operates on a gas rebate model. Every month, developers participating in the program will receive compensation equivalent to a percentage of the gas fees generated by their games. This setup not only eases the financial load but also encourages developers to enhance their game features and player engagement strategies.

Funding Structure and Application Insights

Breakdown of Funding

The program is generous in its allocation, offering up to $1 million in STRK tokens per application. The distribution follows a decaying schedule, where developers can receive up to 90% reimbursement for the initial $100K in gas fees, gradually decreasing for subsequent amounts. This structured support is designed to sustain developers throughout a year of operation.

Application Process and Timeline

The application process for the Propulsion Pilot Program is straightforward yet thorough, ensuring only the most promising and committed projects are selected. Starting from April 26th, developers have three weeks to submit their proposals, followed by a meticulous review phase leading to the announcement and execution stages.

Boosting Game Development and Community Engagement

A Platform for Innovation and Growth

By addressing the financial and operational challenges faced by blockchain game developers, the Propulsion Pilot Program not only fosters innovation but also enhances community engagement. It opens up new avenues for developers to explore creative ideas without the looming worry of excessive costs.

Anticipated Impact on the Starknet Ecosystem

As developers receive the necessary support to flourish, the entire Starknet ecosystem stands to benefit. Enhanced game features, improved player experiences, and an increase in active engagements are expected outcomes that will drive further growth and success within the network.

Conclusion: A New Era for Blockchain Gaming

The Starknet Foundation’s Propulsion Pilot Program is set to revolutionize the blockchain gaming sector by providing critical financial support and fostering an environment conducive to innovation. This initiative not only promises to enhance the gaming experience for players but also ensures a thriving ecosystem for developers to continue pushing the boundaries of what is possible in blockchain gaming.

Zug, Switzerland, April 25th, 2024, Chainwire

Easier access to on-chain data with Subsquid data lakes can help developers use Neon EVM to the fullest.

Web3 data lake and query engine Subsquid announces the upcoming partnership with Solana-powered Neon EVM to provide dApp developers easier access to Neon EVM’s on-chain data. The partnership marks the first step in Subsquid’s long-awaited expansion to the Solana blockchain. 

Subsquid is an innovative decentralized data lake and query engine built with utility and scalability in mind. Subsquid provides a secure alternative to centralized infrastructure firms like API providers. It offers blockchain indexing, app development, and analytics, and its list of partners includes Manta Network, Parity, and Enjin. The network offers support to Ethereum and its L2s and Substrate (Polkadot and Kusama), and now, with the collaboration with Neon EVM, it will expand to Solana. 

As part of the partnership, Subsquid will add on-chain data from Neon EVM to its decentralized data lake secured by ZK proofs. This will facilitate access to existing information for anyone building dApps on Neon, making the job easier for developers. 

Neon EVM is a fully Ethereum-compatible environment running as a smart contract created on Solana. It offers Ethereum solutions, including accounts and signatures, tools and infrastructure, and token standards (ERC-20 tokens) without the hassle traditionally associated with Ethereum: high gas fees, limited liquidity, and long waiting times. Since Neon EVM runs on Solana, it provides better liquidity, scalability, quick transactions, lower costs, and unique features not available on Ethereum. 

The expansion to the Solana network has been an important step on Subsquid’s roadmap for the first quarter of 2024. While Solana expansion is checked off Subsquid’s to-do list for 2024, the platform still has plans to announce more changes this year, including the launch of a mainnet, Cosmos support, and permissionless dataset submission.

About Subsquid

Subsquid Network is a distributed query engine and data lake around which the Subsquid ecosystem is built. It offers developers permissionless, cost-efficient access to on-chain data from over 100 chains and is integrated into a large ecosystem of Web2- and Web3-native developer tools.

About Neon EVM

Neon EVM is an Ethereum Virtual Machine operating as a smart contract on Solana that accepts transaction requests via public PRC endpoints. It gives developers the power to directly deploy Ethereum dApps with minimal reconfiguration to the code while benefiting from Solana’s technical advantages such as parallel processing. It is built with security, decentralization, and sustainability as core tenants. For more information about Neon EVM and future updates, visit NeonEVM.org and connect with the community on Twitter and Discord.

Contact

Marcel Fohrmanncontact@subsquid.io

In a surprising turn of events, the price of MANEKI, a newly launched Solana-based memecoin, has seen a massive surge since its recent introduction. The spike, which saw the MANEKI crypto price rally 46.76% to $0.02157 on Thursday, April 25, comes amid an overall bearish trend in the cryptocurrency market.

The sudden surge in MANEKI’s value has caught the attention of many investors and analysts, primarily due to some intriguing wallet activity that occurred shortly after the coin’s launch. Lookonchain, a blockchain analytics platform, tweeted about seven specific wallets that collectively spent 3,388 *SOL* ($525K) to purchase 3.99 billion MANEKI, representing 44.9% of the total supply.

Remarkably, this massive acquisition took place within just one minute of MANEKI going online. Following the purchase, these seven wallets proceeded to distribute the acquired 3.99 billion MANEKI to nearly 100 new wallets. Notably, they have not sold any of their holdings, which are currently valued at approximately $88 million.

The price of $MANEKI has increased by more than 30,000% since its launch!If you hold $MANEKI or want to buy $MANEKI, you must pay attention to these 7 wallets.These 7 wallets(possibly belonging to the same person) spent 3,388 $SOL($525K) to buy 3.99B $MANEKI (44.9% of the… pic.twitter.com/19vTM3Pjpk

— Lookonchain (@lookonchain) April 25, 2024

Market Sentiment

The acquisition and subsequent distribution of such a significant portion of MANEKI’s total supply by a small group of wallets have raised questions and sparked speculation within the crypto community. Some speculate that these wallets may belong to a single entity or a group of closely related parties with substantial investment power.

Despite the mystery surrounding the wallet activity, MANEKI has managed to achieve a market valuation of $191.91 million and recorded a trading volume of $85.08 million in the last 24 hours. The Solana-based memecoin has also secured listings on major cryptocurrency exchanges, including LBank, Gate.io, and Poloniex. The latest addition to this list is MEXC Global, further enhancing MANEKI’s accessibility and exposure to potential investors.

While the market is known for its volatility and unpredictable price movements, the recent performance of MANEKI and the associated wallet activity underscore the continued interest and potential for significant gains within the memecoin sector. As always, investors are advised to exercise caution and conduct thorough research before investing in any cryptocurrency, especially those experiencing rapid price fluctuations and unconventional trading patterns.