According to Foresight News, DWF Labs has entered into a strategic partnership with iMe Smart Platform. The collaboration aims to assist the iMe team in their innovation and expansion in the field of decentralized communication and finance. This partnership is expected to bring accessible and innovative technology to the global crypto community. Further details about the partnership and its potential impacts are yet to be disclosed.

According to Foresight News, Meme Project Floki has announced a partnership with payment solution provider Alchemy Pay. This collaboration will enable the purchase of FLOKI with fiat currency through Alchemy Pay's On-Ramp solution. The partnership aims to enhance the accessibility of FLOKI for users worldwide, allowing them to buy the cryptocurrency directly with their local currency. Further details about the partnership or its potential impact on the market have not been disclosed.

According to BlockBeats, Whales Market, a prominent digital asset trading platform, has announced the launch of io.net (IO) on its Pre-Market platform. The news was officially released on April 24th. The initial price of IO on the platform is reported to be $5.15. Whales Market's move to include IO in its Pre-Market platform is seen as a significant step in expanding its digital asset offerings. However, it's important to note that the price of digital assets can fluctuate, and investors should be aware of the potential risks involved. The launch of IO on Whales Market's Pre-Market platform is expected to provide more opportunities for traders and investors in the digital asset market. It's a move that further solidifies Whales Market's position as a leading platform in the digital asset trading industry.

According to PANews, Solana, a popular blockchain platform, has successfully resolved its congestion issue. The platform's block production has returned to normal, with transactions being confirmed within two seconds. This development marks a significant improvement in the platform's performance, ensuring smoother and more efficient operations for its users. The resolution of the congestion issue is a crucial step in maintaining the platform's reliability and user trust. Further details about the resolution process or the initial cause of the congestion were not provided.

The global cryptocurrency market cap now stands at $2.43T, up by 0.18% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $65,766 and $67,130 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $66,438, up by 0.33%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include HBAR, BONK, and COS, up by 43%, 29%, and 23%, respectively. Top stories of the day: BNB Foundation Achieves 27th Quarterly BNB Token Burn: A Deep-Dive Analysis US Traditional Finance Firms Increase Crypto Portfolio Allocation Misinterpreted BlackRock Announcement Leads to 96% Surge in Hedera's HBAR Token Bitcoin Bulls Target $67K as 'FOMO' Grips BTC Whales Dogecoin Reaching $1 This Cycle: A 'Crapshoot', Analysts Claim Hong Kong Exchange and Clearing Limited Announces Margin Financing for Virtual Asset Spot Trading Funds Standard Chartered Bank Changes Stance On Spot Ethereum ETF SEC Seeks Public Opinion On Revised Ethereum ETF Proposal By BlackRock Brazil's Digital Bank Nubank Announces Support for Cryptocurrency Transactions Collapsed Cryptocurrency Exchange Mt. Gox Nears $9 Billion Bitcoin Distribution Market movers: ETH: $3251.27 (+2.56%) BNB: $610.5 (+0.76%) SOL: $157.23 (+1.98%) XRP: $0.5458 (-0.20%) DOGE: $0.16161 (+2.10%) ADA: $0.4972 (-3.96%) SHIB: $0.000027 (+1.31%) AVAX: $39.03 (+1.80%) DOT: $7.477 (+0.90%) WBTC: $66570.6 (+0.48%) Top gainers on Binance: HBAR/USDT (+43%) BONK/USDT (+29%) COS/USDT (+23%)

On Apr 24, 2024, 09:15 AM(UTC). According to Binance Market Data, BNB has crossed the 610 USDT benchmark and is now trading at 610 USDT, with a 0.48% increase in 24 hours.

Hedera's HBAR Token Price Skyrockets Following Misunderstood BlackRock Announcement A largely misunderstood announcement from the HBAR Foundation triggered a surge in HBAR token's price, spiking by 96% within 24 hours. The confusion resulted from a claim that a BlackRock money market fund had been tokenized on the Hedera blockchain. However, it appears that BlackRock, the world's largest asset manager, was not involved in the move on-chain, contrary to widespread belief. Source: Mason Versluis The HBAR Foundation posted on April 23, stating that blockchain trading and infrastructure firms Archax and Ownera had tokenized BlackRock's ICS US Treasury Fund on its network. Accompanied by a video, the post implied a partnership between Ownera, Archax, and BlackRock, stating it was "bringing the world's largest asset manager on-chain." Unfortunately, misinterpretations of the post ran rampant among influential crypto figures. Some believed that BlackRock was responsible for the fund's move onto the blockchain or that it had partnered with Archax and Ownera. The post gathered significant traction, garnering over 1.6 million views and 2,700 reposts in just 15 hours. HBAR’s price over the last three months. Source: CoinGecko Chris O'Connor, the founder of Cardano Ghost Fund DAO, clarified that BlackRock has "no involvement" with Hedera's development and lambasted the HBAR Foundation for its presentation of the announcement. HBAR's token price escalated to a two-year peak of $0.175 despite the confusion, a 96% rally over the previous day. Notably, even after the surge, HBAR's value remains down by over 69% from its September 2021 all-time high of $0.57. In related news, the Hedera Global Governing Council, which supervises the Hedera network, authorized allocating 4.86 billion HBAR (valued at $408 million then) for further network enhancement.

According to Foresight News, the decentralized trading protocol DODO has initiated a governance vote to migrate 200 million DODO to the DODO Chain and redirect future protocol revenues to the treasury. The voting process is set to conclude on April 27th at 16:30. In previous news from Foresight News, it was announced on April 22nd that DODO had launched the Layer3 solution, DODOchain. This move is part of the protocol's ongoing efforts to enhance its platform and provide better services to its users. The Layer3 solution is expected to bring significant improvements to the DODO platform. The governance vote is a crucial part of DODO's decentralization process, allowing the community to have a say in the protocol's future developments. The proposed migration of 200 million DODO to the DODO Chain and the redirection of future protocol revenues to the treasury are significant steps towards achieving this goal. The outcome of the vote will have a significant impact on the future of the DODO protocol. If the proposal is approved, it will mark a significant milestone in DODO's journey towards becoming a fully decentralized platform. The community's decision will shape the future direction of the protocol and its potential to grow and innovate in the decentralized finance space.

According to Foresight News, suspicious transactions have been detected in the cross-chain bridge project X Bridge. An unidentified address obtained funds on BNBChain through TornadoCash, which were then bridged to ETH. Subsequently, 0.15 ETH was deposited into 'OwnedUpgradeabilityProxy'. Not long after, 482 million STC were withdrawn from the 'OwnedUpgradeabilityProxy' contract of the project, with a total value of $824,000. The transactions are still ongoing, raising concerns about potential irregularities in the project.

According to Foresight News, the South African Financial Sector Conduct Authority (FSCA) has confirmed that it has granted cryptocurrency licenses to 75 institutions so far. The FSCA has reminded the public that its licensing authority is limited to the authorization and supervision of Cryptocurrency Asset Service Providers (CASP). CASPs are limited to providing financial services related to cryptocurrency assets as defined by the Financial Advisory and Intermediary Services (FAIS) Act.

According to Foresight News, Gearbox inventor 0xmikko.eth has analyzed the impact of ezETH decoupling on Gearbox and found that all passive borrower funds are secure, with no bad debts generated. In the aftermath of the decoupling, 115 Credit Accounts were liquidated, and 10,650 ezETH were sold on the Balancer pool. The liquidation loss of 25.77 ETH was automatically compensated by Gearbox's internal reserves, eliminating the need for any action. This analysis by 0xmikko.eth provides reassurance to the passive borrowers and stakeholders of Gearbox, ensuring that their funds remain safe despite the recent market changes.

According to BlockBeats, the recent surge in Bitcoin network activity has led to a common issue among new wallet users: despite having sufficient balance, they often encounter a 'UTXO insufficient' message during on-chain operations. This article aims to explain the concept of UTXO, why 'UTXO insufficient' situations occur, and how to split UTXO. UTXO, or Unspent Transaction Output, is a core concept in Bitcoin. It is a method of recording transaction output status, tracking each unspent transaction output to determine which Bitcoin belongs to which address. To simplify, each UTXO is like a banknote with a specific value (amount of Bitcoin) and a lock that can only be opened by a private key. When you want to send Bitcoin, you need to select some 'banknotes', merge them into a new 'banknote', and re-lock it with the recipient's lock. For instance, if you have two UTXOs, one worth 10 Bitcoin and another worth 20 Bitcoin, you can merge them into a new UTXO worth 30 Bitcoin and re-lock it with the recipient's address. This completes a transaction, sending 10 and 20 Bitcoin to the recipient and generating a new UTXO. The need to split UTXO arises because platforms like Magic Eden prohibit the use of UTXOs that have not been confirmed by the Bitcoin network for transactions. Regardless of the amount contained in a UTXO, once it has been used and is unconfirmed, it cannot be used for other operations. This is why users often encounter 'UTXO insufficient' messages despite having sufficient wallet balance. However, having more UTXOs is not necessarily better. When UTXOs are too fragmented and the individual amounts are too small, a large payment would require the merging of many UTXOs, leading to increased transaction fees. With the current high transaction rates on the Bitcoin network, this would further increase transaction costs. The most commonly used tool for splitting and merging UTXOs is Wizz.Cash. Users can link their wallets in the top right corner of the website, add rows by clicking 'Add Amount And Recipient' (each added row means a new UTXO), and fill in the amount for each UTXO and the recipient's address. UTXOs typically increase with wallet transactions, but funds just withdrawn from exchanges are often a single large UTXO. Users with a large demand for engraving runes/inscriptions can prepare by splitting in advance.

According to CryptoPotato, traditional finance firms in the United States are increasingly incorporating crypto into their portfolios. This trend is evident in the growing allocation to crypto investment products. Two U.S. investment advisors, Legacy Wealth Asset Management and United Capital Management, based in Minnesota and Kansas respectively, have allocated 6% and 5% of their portfolios to the Fidelity Wise Origin Bitcoin Fund (FBTC). These asset management firms have each invested over $20 million into FBTC, surpassing the $17 million that a competitor invested into BlackRock’s ETF, IBIT. Bloomberg ETF analyst Eric Balchunas referred to these allocations as a 'new high water mark' for investment into Bitcoin ETFs. He also suggested that this trend could be a concern for skeptics, but a positive sign for those hoping for long-term adoption. Balchunas also noted that this trend is likely to continue, with potentially 500-1000 firms reporting similar holdings in the coming weeks. He also highlighted that this is just one reporting season, with four in a year. The $40.8 million investment in FBTC has boosted spot Bitcoin ETF inflows, offsetting outflows from the previous week. Data from CoinGlass shows that the funds experienced an outflow streak for four consecutive trading days last week, with inflows only recorded on Friday. On Monday, the spot Bitcoin ETF market recorded inflows of $62.2 million, with FBTC seeing the highest of more than $34.8 million. In related news, the Stanford Blyth Fund, a student-run investment fund, allocated an even higher portion of its portfolio to Bitcoin, with a 7% allocation following a Bitcoin purchase.

The 10 Most Searched Token on Binance.com Today. 1. $BOME: +14.81% 2. $WIF: +21.7% 3. $HBAR: +56.88% Explore more on Binance Square now: https://www.binance.com/square

According to an official announcement: Binance has decided to discontinue and cease trading on several spot trading pairs. As of April 26, 2024, 03:00 (UTC), the following spot trading pairs will be removed from Binance's platform:    ALPINE/BTC     FRONT/TUSD     HARD/BTC     RUNE/TUSD     SSV/TUSD     WIN/BRL Importantly, the removal of a spot trading pair doesn't impact the tokens' availability on Binance Spot. Base and quote assets of the affected trading pairs can be still traded on other trading pairs available on Binance. Spot Trading Bots services, where applicable, for these specific spot trading pairs will also be discontinued at 03:00 (UTC) on April 26, 2024. Binance strongly advises users to update or cancel their Spot Trading Bots before the termination of services to prevent potential losses.

According to Bloomberg, the Securities and Exchange Commission (SEC) has proposed a fine for Kwon and Terraform, which could be the largest in the crypto industry. The fine is in response to the duo making over $4 billion from unregistered sales of tokens, including LUNA and UST. The SEC's filing to the Southern District Court of New York stated that Terraform's UST, an algorithmic stablecoin supposed to be pegged to the US dollar, wiped out $40 billion in market value when it collapsed in 2022. The SEC's proposed fine includes a $4.2 billion disgorgement penalty, $545 million in prejudgment interest, and civil penalties of $420 million and $100 million for Terraform and Kwon respectively. If approved, the total fine would surpass $4.3 billion. Lawyers for Kwon and Terraform have disputed the SEC's claims, arguing that the token sales occurred outside the US and did not violate federal securities law. Kwon, who was arrested in Montenegro last year for attempting to travel with a fake passport, is currently awaiting extradition to either the US or his native South Korea. He faces criminal fraud charges in both countries. The SEC has also requested a permanent bar on Kwon, who owns 92% of Terraform, from serving as an officer or director and is seeking a 'sworn accounting' of his assets.

According to Foresight News, BMW has officially congratulated the Bored Ape Yacht Club (BAYC) on its third anniversary. The car manufacturer also interacted with several BAYC holders on Twitter. The Bored Ape Yacht Club is a popular online community that has gained significant attention in recent years. BMW's interaction with the club and its members signifies the growing influence of such digital communities. However, the specifics of these interactions were not detailed in the report.

Millions in Crypto Assets Reportedly Stuck in DeFi Bridge Contracts Linked to Notable Figures DeFi bridge contracts purportedly hold significant assets tied to whale wallets associated with entities like Coinbase and prominent figures like Ethereum co-founder Vitalik Buterin, according to a crypto analytics firm, Arkham Intelligence. Source: Arkham In its report, Arkham has noted that several known whale wallets have their funds stalled for up to two years in bridge contracts. DeFi bridge contracts facilitate the movement of assets and data across different blockchain networks, enhancing DeFi ecosystem interoperability. One of these whale wallets, linked to Buterin, is said to hold over $1 million in assets locked for over seven months, with other wallets allegedly revealing unclaimed assets going back two years. Source: Arkham However, all DeFi bridges do not function identically. While cross-chain bridges allow users automatic access to their assets on different chains, native bridge users must retrieve funds manually. In instances where users forget about their funds, these can stay unclaimed. For example, a wallet tied to “thomasg.eth” appears to have $800,000 lodged in Arbitrum Bridge for nearly two years. In another instance, a Bofur Capital-connected wallet seemingly holds 27 wrapped Bitcoin worth $1.8 million stuck for over two years. Moreover, a wallet associated with nonfungible token (NFT) user Mike Macdonald apparently has roughly $117,000 linked to CryptoPunks sales stuck in a contract. A further wallet receiving 50 Ether from Vitalik.eth, worth nearly $1 million, seems to have been unattended for seven months on the Optimism bridge. A wallet tied to Coinbase holding approximately $75,000 in assets for about six months was also identified. Arkham suggests that Coinbase, likely, attempted to bridge $75,000 worth of USD Coin to ETH and forgot about it. The assets now wait to be claimed in the Optimism bridge contract. While Arkham has notified the concerned owners, it reminds the community of the occasional nature of such cases due to the functionality of cross-chain bridges.  

According to Foresight News, the decentralized exchange (DEX) Camelot, part of the Arbitrum ecosystem, has announced its launch on the Layer3 solution XAI. This development is part of the ongoing expansion and evolution of the Arbitrum ecosystem. The launch of Camelot on XAI represents a significant step forward in the growth of the ecosystem, providing new opportunities for users and developers alike. Further details about the launch and its implications for the Arbitrum ecosystem are yet to be revealed.

According to Foresight News, Indonesian President Joko Widodo has issued a warning to the Financial Transaction Reports and Analysis Centre (PPATK) to monitor the use of cryptocurrencies and NFTs for money laundering. He noted signs indicating that the amount of money laundered through digital assets in 2021 could reach $8.6 billion (139 trillion Indonesian Rupiah). This information was cited from data in the Chainalysis 2022 Cryptocurrency Crime Report, emphasizing the need for swift action. In addition to cryptocurrencies and NFTs, President Widodo also stressed the need to monitor other potential tools for money laundering. These include virtual assets, market activities, digital currencies, and transactions driven by artificial intelligence. The president's warning comes amidst a global increase in the use of digital assets, highlighting the potential risks and challenges that these new technologies can pose to financial security.