According to Foresight News, TreasureDAO has announced the launch of its V1 Treasure Ruby testnet and a new version of its Treasure Portal website. The announcement also included the introduction of a fragment scoring system. In addition, TreasureDAO has established partnerships with EigenLayer, LayerZero, Caldera, and Thirdweb. Previously in February, as reported by Foresight News, the TreasureDAO community voted to develop the Treasure Chain in the Arbitrum ecosystem. The recent developments mark a significant step forward in TreasureDAO's expansion and technological advancement. The partnerships with EigenLayer, LayerZero, Caldera, and Thirdweb are expected to bring additional resources and expertise to the project. The launch of the V1 Treasure Ruby testnet and the new Treasure Portal website, along with the fragment scoring system, are expected to enhance the user experience and functionality of the TreasureDAO platform. The development of the Treasure Chain in the Arbitrum ecosystem is a strategic move that aligns with the community's vote and is expected to contribute to the overall growth and success of TreasureDAO.

The global cryptocurrency market cap now stands at $2.45T, up by 0.91% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $63,606 and $66,737 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,022, down by -3.64%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include NULS, FARM, and SANTOS, up by 18%, 8%, and 6%, respectively. Top stories of the day: Bitcoin Mining Difficulty Hits Record High, According to BTC.com Data Two On-Chain Metrics Indicate Bitcoin Is Now an Attractive Buy, Analysts Say Runes Dominate Bitcoin Transactions, Comprising 68% Since Its Launch OneCoin Participant William Morro Arrested Over Fraudulent Fund Sourcing Stablecoin Market Value Sees 6.45% Growth in a Month Morgan Stanley Plans To Introduce Bitcoin ETF To Clients Bitcoin Spot ETF Trading Volume Data Revealed Stablecoin Adoption Skyrockets with Nearly 100M Holders Globally, Data Reveals Robinhood Expands Crypto Trading for SHIB, AVAX, and COMP to New York Residents Australia Marks New Milestone with Its 1,000th Bitcoin ATM Market movers: ETH: $3139.73 (-3.43%) BNB: $612.3 (+0.29%) SOL: $146.71 (-6.70%) XRP: $0.526 (-3.63%) DOGE: $0.15032 (-6.99%) ADA: $0.4714 (-5.19%) SHIB: $0.00002503 (-7.33%) AVAX: $35.4 (-9.28%) TRX: $0.11452 (+0.93%) WBTC: $64071 (-3.69%) Top gainers on Binance: NULS/USDT (+18%) FARM/USDT (+8%) SANTOS/USDT (+6%)

According to Foresight News, Ethereum's second-layer network Taiko has announced the launch of its latest testnet, Hekla, which is now open to the public. The previous testnet, Katla, will be discontinued on May 10. Hekla introduces EIP-4844 blobs, which are used to initiate compressed DA. Additionally, Hekla adjusts the L2 block Gas issuance to 60 million Gas every 12 seconds, with a limit set to 2.4 billion Gas, and makes adjustments to the EIP-1559 configuration. Hekla also adopts the same Based Contestable Rollup (BCR) mechanism as Katla, which Taiko will use to launch on the mainnet. Users can normally exchange, use DApp to deploy contracts, run nodes, propose, and prove blocks. Taiko stated that Katla was originally the last testnet before the mainnet launch, but Hekla allows for thorough testing of the aforementioned additional features and improvements.

According to Foresight News, Aligned Layer, a decentralized zero-knowledge proof verification layer for Ethereum developed based on EigenLayer, has announced the completion of a $20 million Series A funding round. The round was led by Hack VC, with participation from dao5, L2IV, and Nomad Capital. Aligned Layer plans to launch its mainnet in the second quarter of 2024. As an EigenLayer AVS, Aligned Layer provides Ethereum with a new infrastructure to obtain economically affordable zero-knowledge proof verification for all proof systems. Previously, on April 15, Foresight News reported that Aligned Layer had completed a $2.6 million seed funding round. The round was led by Lemniscap, with participation from Bankless Ventures, Paper Ventures, StarkWare, O(1)Labs, and angel investors including Sreeram Kannan, Brandon Kase, Daniel Lubarov, DCbuilder, Chainyoda, and Weikeng Chen.

According to an official announcement: Binance is introducing its first Binance Megadrop project, BounceBit (BB), a BTC restaking chain. Participation in the BounceBit Megadrop begins from 2024-04-26 00:00:00 (UTC). The BounceBit Megadrop page is projected to be accessible on the Binance App within the next five hours. BounceBit (BB) will be listed on Binance at 2024-05-13 10:00 (UTC) with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD, and BB/TRY trading pairs. Further details about BounceBit (BB) can be found in our research report. Key details related to BounceBit Megadrop: • BounceBit Megadrop Period: From 2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC). • BNB Locked Products Snapshot Period: Users are encouraged to lock their BNB in BNB Locked Products before the start of the event to maximize their Locked BNB Scores. • Web3 Quest Period: Users can aim to complete the Web3 Quest(s) within this period. Rewards Distribution: Participants can check their Megadrop rewards in their Binance Spot Wallet.

In a recent incident outlined by a user named bboy1000halos, ETH price decoupling on the Renzo platform led to substantial losses for some investors. On Morpho, liquidations were triggered, resulting in a cumulative loss of 3,626 ETH, equivalent to roughly US$11.37 million. bboy1000halos explained that they expected the lending situation to withstand a price decoupling of 15% to 20%. However, it was an unexpected shock when ezETH experienced a decoupling of 50%. As a significant backer of Renzo with an exposure of 22k ezETH (including YT), bboy1000halos inquired about the possibility of receiving additional REZ to assist with the recovery. This incident marks a significant turn in the volatility and inherent risks in the world of cryptocurrency trading.

According to Foresight News, decentralized derivatives trading platform Hyperliquid has announced that it will open access to HIP-1 and HIP-2 for users to deploy without permission on Hyperliquid L1. HIP-1 is the standard for deploying native tokens and on-chain spot order books. HIP-2 will permanently invest liquidity into the spot order book of HIP-1 tokens and synergize with the user's own order book liquidity. In addition, the genesis issue of HIP-1 includes existing HIP-1 tokens as anchors, with a designated portion to be proportionally distributed to the holders of another HIP-1 token.

According to Cointelegraph: Bitcoin (BTC) traded lower on April 25, following a swift reaction to geopolitical news in the Middle East, which resulted in up to a 5% decrease for the bulls. The BTC price now hovers near $64,000. BTC/USD 1-hour chart. Source: TradingView According to data from Cointelegraph Markets Pro and TradingView, BTC's price action is attempting to form support at $64,000 before Wall Street's opening. This decline comes after a drop to around $63,575 at the previous day's closing due to renewed Middle East tensions. Latest statistics from monitoring platform CoinGlass indicate an increased liquidity on both the buy and sell side of the spot price on various crypto exchanges. Bitcoin liquidation heatmap (screenshot). Source: CoinGlass Importantly, a substantial volume of sell orders has appeared, beginning with around $75 million at $64,765 and escalating up to $67,700. Comparatively, the local low at $63,500 saw limited buying interest. Famed trader Daan Crypto Trades underscored the "healthy" state of funding rates, suggesting it as a foundation for a slow but consistent rise in BTC's price going forward. Spot Bitcoin exchange-traded funds (ETFs) in the United States reverted to net outflows on April 24, mainly driven by withdrawals from Grayscale Bitcoin Trust (GBTC), according to sources including UK-based investment firm Farside. Bitcoin's sensitivity to geopolitical events and the subsequent impact on price action remind traders of the inherent volatility and risk associated with cryptocurrency investment.

According to Foresight News, UniSat, a digital marketplace, has announced that it will now support Runestone series trading. The company made this announcement via a tweet. This new development will allow users of the UniSat Marketplace to engage in Runestone series transactions, expanding the range of trading options available on the platform. Further details about this new feature or its potential impact on the platform's user experience were not provided in the announcement.

According to Foresight News, NVIDIA has finalized an agreement to acquire Run:ai, a provider of Kubernetes-based workload management and orchestration software. The specific acquisition amount has not been disclosed. NVIDIA plans to temporarily retain the current business model of Run:ai, and the employees of Run:ai will join NVIDIA's research and development center in Israel. In addition, customers of NVIDIA DGX and DGX Cloud will gain the capabilities provided by Run:ai for their AI workloads, particularly for the deployment of large language models. Currently, Run:ai's solutions have been integrated with products such as NVIDIA DGX, NVIDIA DGX SuperPOD, NVIDIA Base Command, NGC containers, and NVIDIA AI enterprise software.

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According to BlockBeats, Bitcoin mining difficulty has reached a new historical high. The data from BTC.com shows that the mining difficulty was adjusted by 1.99% to 88.1 T at block height 840,672 on April 25, 2024. The current average network hashrate stands at 642.78 EH/s. The adjustment in mining difficulty is a significant event in the Bitcoin network. It is a measure of how difficult it is to find a new block compared to the easiest it can ever be. The difficulty is adjusted every 2016 blocks, or approximately every two weeks, to maintain the block discovery rate at one every 10 minutes. When more miners join the network, the difficulty increases. Conversely, if miners start to leave, the difficulty decreases. The recent increase in mining difficulty to a record high indicates that more computational power is being invested in securing the Bitcoin network. This could be a sign of increased confidence in the future of Bitcoin, as miners are willing to invest more resources in mining activities. However, it also means that mining Bitcoin has become more challenging, potentially discouraging smaller players from participating. The average network hashrate of 642.78 EH/s is a measure of the processing power of the entire Bitcoin network. When the network reaches this rate, it is capable of making 642.78 quintillion attempts per second to solve the mathematical problem that allows a miner to add a new block to the blockchain. This high hashrate indicates a high level of security for the Bitcoin network, as it would require an enormous amount of computational power to launch a successful attack. In conclusion, the recent adjustment in Bitcoin mining difficulty and the high network hashrate reflect the robustness and security of the Bitcoin network. However, the increased difficulty could pose challenges for smaller miners.

On Apr 25, 2024, 07:40 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has dropped below 64,000 USDT and is now trading at 63,990 USDT, with a 4.14% decrease in 24 hours.

According to Cointelegraph: Bitcoin might be entering a potentially ideal buy zone, as per two widely-utilized metrics followed by cryptocurrency analysts: The Market Value to Realized Value (MVRV) and Open Interest (OI) weighted funding rate. Bitcoin’s price is $64,230 at the time of publication. Source: CoinMarketCap Pseudonymous trader, Mister Crypto, advocated this ideal buying opportunity to his 94,100 followers in an April 23 post. Data from CoinGlass on April 24 showed Bitcoin's OI weighted funding rate, indicating the cost of preserving Bitcoin futures positions, returned to the positive zone after 24 hours in the negative, posting 0.0093%. Bitcoin’s OI-weighted funding rate has declined significantly since the start of April. Source: CoinGlass Although there's an upswing, it's significantly lower than the 0.0714% recorded at April's start—a market correction that analysts deem favorable. Checkmate, on-chain analyst, proclaimed the situation as one of the "healthiest market resets" seen in a long span. The higher funding rates signal a surge in long trade interest, indicating a bullish market atmosphere. The last major peak in Bitcoin's OI-weighted funding rate in early March coincided with an all-time high value of $69,200 for Bitcoin. Bitcoin’s MVRV score has dropped 6.45% since the start of April. Source: LookIntoBitcoin However, Charles Edwards, founder of Capriole Investments fund, expressed that while funding rates are broadly indicative, they do not carry the same level of certainty as a couple of years ago. The MVRV indicator, an instrument for identifying when Bitcoin is over or undervalued relative to its "fair" value, also hinted at Bitcoin entering into a more favorable buying condition. As per LookIntoBitcoin data, Bitcoin's current MVRV score is 2.32, marking a 6.45% decrease since April's start. Edwards clarified that although the current buying opportunity seems attractive, it's not as compelling as those seen a year or 

According to PANews, Justin Bieber has invested over $2 million in Non-Fungible Tokens (NFTs) during 2022. As per data monitored by Arkham, the current value of these investments is just slightly over $100,000 as of the early hours of today. In addition to his NFT investments, Bieber's wallet on Arkham currently holds nearly $500,000 worth of Ethereum (ETH) and APE. This indicates a significant interest and investment in the digital asset market by the pop star. However, the drastic decrease in the value of his NFT investments highlights the volatile nature of the cryptocurrency market. Despite this, Bieber's continued investment in Ethereum and APE suggests a sustained interest in the potential of digital assets.

According to Foresight News, a crypto whale has reportedly spent 25,948 SOL to purchase MEW and MANEKI, with a total value of approximately $4.05 million. The whale used 19,445 SOL, equivalent to about $3.03 million, to buy 456 million MEW. Additionally, the whale spent 6,503 SOL, approximately $1.01 million, to acquire 109 million MANEKI. The transactions highlight the significant activity of large-scale investors in the crypto market.

According to Foresight News, the transaction fees for lower-medium priority Bitcoin transactions have decreased to an average of $3 (34 to 36 satoshis per byte). This is a significant drop compared to the fees recorded on April 22nd, which were averaging between $11 to $13 (123 to 151 satoshis per byte).

According to Cointelegraph: Launched in the wake of Bitcoin's recent halving event on April 20, Runes has dominated Bitcoin transactions, amassing over two-thirds of interactions on the Bitcoin blockchain. Share of Bitcoin transactions among various token standards. Source: Dune Analytics According to a Dune Analytics dashboard shared by blockchain research firm Crypto Koryo, over 2.38 million Runes transactions have been processed. This represents 68% of all Bitcoin transactions executed since Runes' launch on April 20. The total transaction count included traditional peer-to-peer Bitcoin transactions, BRC-20s, Ordinals, and Runes. Runes recorded its peak on April 23 with over 750,000 transactions. However, this figure more than halved the next day to 312,000 transactions. one of the primary drivers of the initial surge in demand at block 840,000 was enthusiasts of memecoin and nonfungible tokens (NFTs), racing to etch "rare satoshis" via the Runes protocol. Consequently, Runes transactions accounted for almost 70% of miner fees on the halving day, with the daily figure oscillating between 33% and 69% afterwards. The Runes protocol, introduced by Ordinals inventor Casey Rodarmor, has been touted as a more efficient method of creating new tokens on the Bitcoin network compared to the BRC-20 token standard, which is based on Ordinals. However, there's a divide in industry opinions concerning the sustainability of Runes as a revenue stream for Bitcoin miners. Critics point out the emerging gap between the number of Rune transactions and mining fees derived from Runes transactions. On criticism, Nikita Zhavoronkov, a lead developer at blockchain search engine Blockchair, argues that Bitcoin has essentially ceased being a peer-to-peer electronic cash system—a vision originally conceived by Bitcoin's pseudonymous creator, Satoshi Nakamoto.

According to Foresight News, the first quarter of 2024 saw a record high in NFT lending volume, reaching $2.13 billion, a 43.6% increase from the previous quarter. The monthly NFT lending volume in January reached $900 million, surpassing the previous high of $850 million set in June 2023. Blend, an NFT lending platform under Blur, dominated the NFT lending market with a 92.9% share. The platform's NFT loan volume for Q1 2024 increased by 49.2% quarter-on-quarter, reaching $2.02 billion. The lending volume for March stood at $562.33 million.

According to Cointelegraph: BlackRock iShares Bitcoin Trust (IBIT) encountered its first day of $0 inflow since the introduction of Bitcoin Exchange-Traded Funds (ETFs) in the United States in January. According to data from Farside, the previously consistent inflow into IBIT halted on April 24. Since its inception on January 11, IBIT has continually pulled in daily investments worth millions of dollars, accumulating nearly $15.5 billion in just 71 days. However, on April 24, the inflow streak paused with $0 recorded. The majority of other Bitcoin ETF players also witnessed such a dry spell. Out of the 11 U.S.-registered Bitcoin ETFs, only Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) reported inflows of $5.6 million and $4.2 million, respectively. Meanwhile, Grayscale Bitcoin Trust ETF (GBTC) continued to experience outflows. On April 24, GBTC reported $130.4 million in outflows. In turn, spot Bitcoin ETFs realized a net outflow of $120.6 million on the day. A lack of inflows, while a first for IBIT, is not unique among other ETF participants. Fidelity's FBTC, for instance, has seen three days of $0 inflows in the past two weeks. The U.S. Bitcoin ETF market has, to date, accumulated a net total of $12.3 billion in Bitcoin. However, the hefty outflows from GBTC have offset some of these inflows. On a different note, several Bitcoin ETF market participants are currently seeking to apply for Ether ETFs in the United States. The approval decisions for these applications have recently been postponed by the Securities and Exchange Commission.