According to Foresight News, digital asset exchange, broker, and custodian Archax has announced its collaboration with the HBAR Foundation to offer tokenized shares of the BlackRock ICS US Treasury Money Market Fund (MMF). This move is based on the tokenized access to the abrdn MMF that Archax created on the Hedera and Ethereum blockchains last year. The first tokenized stock trade of the BlackRock MMF was also completed on the Ownera FinP2P digital asset network, which was also tokenized on Hedera. This partnership between Archax and HBAR Foundation signifies a significant step in the digital asset exchange and brokerage industry, as it allows for the tokenization of traditional financial assets, thereby increasing accessibility and liquidity.

According to Foresight News, the value of Hedera (HBAR) has seen a significant increase, at one point exceeding 0.18 USDT and currently standing at 0.1612 USDT. This represents a rise of over 76% in the last 24 hours. In related news, digital asset exchange, broker, and custodian Archax has announced a collaboration with the HBAR Foundation. This partnership will facilitate the tokenization of shares in the BlackRock ICS US Treasury Money Market Fund (MMF).

According to PANews, data from Farside Investors indicates significant changes in the flow of funds for various investment entities on April 23. Grayscale's GBTC saw a net outflow of $66.9 million, while Bitwise's BITB experienced an inflow of approximately $23.2 million. Ark 21Shares' ARKB also saw an inflow of about $33.3 million, and Franklin's EZBC had an inflow of $1.9 million. However, VanEck's HODL experienced an outflow of around $1.9 million. In addition, Tree News reported an inflow of approximately $37.7 million into BlackRock's IBIT on the same day. Some ETF data has not yet been released. These figures reflect the dynamic nature of investment fund flows and the varying performance of different entities.

According to PANews, the trading volume data for Bitcoin spot ETFs on April 23rd has been released by HODL15Capital. The data shows that BlackRock's IBIT had a trading volume of $661 million. Grayscale's GBTC followed with a trading volume of $224 million. Fidelity's FBTC was not far behind with a trading volume of $233 million. ProShares' BITO had a trading volume of $170 million. ARKB and BITB had trading volumes of $61.53 million and $60.51 million respectively. This data provides a snapshot of the trading activity in the Bitcoin spot ETF market. It shows the level of interest and activity in these financial products, which are designed to track the price of Bitcoin. These ETFs provide a way for investors to gain exposure to Bitcoin without having to buy and hold the cryptocurrency directly. The trading volumes of these Bitcoin spot ETFs can be seen as a barometer of investor sentiment towards Bitcoin. High trading volumes can indicate strong investor interest and confidence in the future price of Bitcoin. Conversely, low trading volumes can suggest a lack of interest or confidence in the market. The data released by HODL15Capital provides valuable insights into the state of the Bitcoin spot ETF market.

According to CryptoPotato, Block Inc., the fintech company led by Jack Dorsey, has announced the completion of its advanced Bitcoin mining chip. This marks a significant milestone for the company's mining project. The three nanometre (3mn) Bitcoin mining chip is now undergoing its full design tapeout with a leading semiconductor foundry. The chip will utilize the most advanced semiconductor process currently available, aiming to deliver the performance required for mining operators of all types to survive and thrive in the fifth mining epoch and beyond. The fifth mining epoch began last Friday after Bitcoin block 840,000, reducing Bitcoin’s fixed block subsidy from 6.25 BTC to 3.125 BTC per block. This decrease marks a significant cut to miner revenues, necessitating that miners acquire the most energy-efficient equipment to stay effective. Many public mining firms have noted that small-scale, at-home Bitcoin mining would become more competitive after the Bitcoin halving, if not outright impossible to do economically. In response to this trend, Dorsey announced his firm’s Bitcoin mining ambitions in early 2022, aiming to keep both Bitcoin’s hash rate and the distribution of mining hardware as decentralized as possible. Block Inc. is continuing to incorporate feedback from the Bitcoin and mining industry into its chip design. Upon launch, the company will become the first Bitcoin mining hardware vendor with a solution of its kind. The company hopes this will help unlock mining system innovation and support the development of new mining system form factors and use cases. In addition to the mining chip, the company is also working on a full Bitcoin mining system of its own design and is still seeking design feedback on this system in areas related to reliability, maintenance, and software features. In other efforts to aid Bitcoin development, Jack Dorsey and Block have financed legal protection for Bitcoin developers and pioneered Bitcoin-based tips over Twitter. Block also unveiled its Bitcoin hardware wallet 'Bitkey' last year, which provides multi-signature cold storage Bitcoin custody in a way that’s usable for crypto newcomers.

According to BlockBeats, on April 24, Grayscale has submitted a document to the U.S. Securities and Exchange Commission (SEC) to register a new Ethereum Exchange Traded Fund (ETF) - Grayscale Ethereum Mini Trust Fund (proposed code: ETH). The fund will be created by splitting and distributing assets from the Grayscale Ethereum Trust Fund (OTCQX: ETHE). Grayscale's Chief Legal Officer, Craig Salm, stated that if approved by the regulatory authorities, the new Grayscale Ethereum Mini Trust Fund will be launched as a low-fee spot Ethereum ETF. Meanwhile, a portion of Ethereum from ETHE will be used to 'seed' the new fund, and ETHE shareholders will receive shares of the new ETF proportionally. This split is expected not to generate a taxable event for ETHE and its shareholders.

According to PANews, Tesla's recently released financial report for the first quarter of 2024 shows a significant shortfall in the company's total revenue. The electric vehicle giant reported a total income of $12.3 billion, which is significantly lower than the anticipated $21.4 billion. Furthermore, the company's free cash flow was in the negative, standing at -$2.5 billion. In addition to its financial performance, the report also revealed that Tesla did not engage in any buying or selling of Bitcoin during the quarter. This marks the seventh consecutive quarter that the company has refrained from any Bitcoin transactions. Currently, Tesla holds approximately 9,720 Bitcoins. The last time Tesla reduced its Bitcoin holdings was in the second quarter of 2022, when the company sold over 30,000 Bitcoins for $936 million, which accounted for about 75% of its total Bitcoin holdings at the time. Tesla initially purchased Bitcoin worth $1.5 billion in early 2021.

According to PANews, the IBIT fund, managed by BlackRock, reported a capital inflow of $38 million on April 23. This marks the 71st consecutive day of net capital inflow for the fund. In contrast, the Franklin EZBC fund saw a net inflow of $2 million, while the Grayscale GBTC fund experienced a net outflow of $67 million. The data was monitored and reported by HODL15Capital. The continuous inflow of capital into the IBIT fund indicates a sustained interest from investors, despite the contrasting performance of other funds.

According to PANews, the U.S. Securities and Exchange Commission (SEC) has announced that it will postpone its decision on the Grayscale Ethereum Spot ETF until June 23, 2024. This information was revealed in a document submitted by the SEC on Tuesday. Grayscale, in collaboration with NYSE Arca, had submitted a 19b-4 form in October last year to convert the Grayscale Ethereum Trust into an Ethereum Spot ETF. Prior to this, the SEC had also delayed its decision on the Franklin Ethereum Spot ETF until June 11, 2024. The SEC's decision to postpone the verdict on these ETFs indicates a cautious approach towards the regulation of cryptocurrency-based financial products. The delay provides the SEC with additional time to assess the potential risks and benefits associated with these products before making a final decision.

According to CryptoPotato, Polkadot has introduced the Join-Accumulate Machine (JAM) protocol, which combines features of Polkadot and Ethereum to enhance blockchain efficiency and scalability. The protocol's implementation is subject to community approval. Additionally, Polkadot is in discussions about a potential $8.8 million sponsorship deal with Inter Miami CF. The JAM protocol provides a global singleton permissionless object environment, similar to the smart-contract environment pioneered by Ethereum, paired with secure sideband computation parallelized over a scalable node network, a proposition pioneered by Polkadot. The protocol will also support existing parachains, allowing developers to continue using Substrate for blockchain deployment. The protocol will only interact with DOT; no new token will be issued. The community must approve JAM via Polkadot’s on-chain, decentralized governance. Several top Polkadot parachains have also seen significant developments. The Acala Network recently announced the Sinai Upgrade, designed to enhance the platform’s position as a liquidity layer in the Web3 space. The upgrade includes a liquidity track, infrastructure track, and aSEED track. Following Polkadot’s runtime upgrade, all parachains stopped producing blocks for approximately one hour. However, the Moonbeam Network, one of the leading parachains, resumed block production and returned to normal operations on April 21. In other news, Nico Zini, Partnership Marketing and Media Rights for Inter Miami CF, revealed that the American football team might enter into an $8.8 million sponsorship deal with Polkadot. The club’s co-owner is English football icon David Beckham, and its biggest star is Argentine legend Lionel Messi. This is not Polkadot’s first attempt to enter the sports world. In 2022, it sought to become FC Barcelona’s official jersey sponsor, but the Catalan club chose Spotify over the blockchain protocol.

According to Bloomberg, the digital payments company has announced the development of a three-nanometer chip that could significantly impact the rapidly expanding mining industry. This chip is a crucial element in the creation of some of the most sophisticated computers. It powers specialized computers used for Bitcoin mining and has been a barrier for new entrants due to the lengthy development process and substantial overhead costs. Only a few chip manufacturers in Asia have reaped substantial profits amidst the cryptocurrency boom. Beijing-based Bitmain has been leading the market, generating billions of dollars. The San Francisco-based company has described this development as a significant milestone in their Bitcoin mining project. The company is reportedly finalizing a full tapeout of the design with a leading global semiconductor foundry. Bitcoin mining is a process that requires a lot of energy. Miners use machines, or rigs, to validate transaction data on the blockchain and earn a reward in the form of the token. Miners are currently dealing with a heavy workload. The company stated that their mining chip would utilize the most advanced semiconductor process available. It will deliver the performance necessary for mining operators of all types to survive and thrive in the fifth mining epoch (the period following the recent 4th halving of the block subsidy) and beyond.

According to Cointelegraph: Crypto enthusiasts are noting an upswing in the price of Solana (SOL) today. The hike, which sees a 4% increase in the last 24 hours, appears underpinned by both technical factors and robust on-chain metrics hinting at a bullish future for SOL. SOL/USD daily chart. Source: TradingView Resting at $159, SOL enjoys a 32.6% leap from its week-ago low around $120. Over the past six months, the smart contract token boasts a hearty 88% growth, while year-to-date gains stand at 56%. With a $70.6 billion market cap, SOL ranks as the fifth largest crypto by market value. Number of daily transactions on layer 1 and layer 2 networks. Source: Artemis The Key: Superior Network Performance The Solana network holds its own in the heavily competitive Layer 1 sector. Data from on-chain metrics platform Artemis reveals that Solana handles over 30% of daily transactions across all primary Layer 1 and Layer 2 networks. As a result, Solana outperforms other top Layer 1 protocols concerning transaction fees. The Block Pro declares, "Solana's total transaction fees have soared by approximately 417%." Monthly change in transaction fees. Source: The Block Pro Another noteworthy performance gauge is the total value locked (TVL) in the network's smart contracts. DefiLlama data shows a TVL rise from $3.36 billion on April 18 to $4.02 billion on April 23 – a 19% growth. This increase intertwines with SOL's price hike of over 15% during the same period. The April 23 Solana price rally continues a recovery trend initiated post SOL finding support at the $130 demand level from April 17. SOL is currently regaining a crucial support level marked by the 50-day exponential moving average (EMA) at $156.42. Total value locked on Solana. Source: DefiLlama Daily candlestick closure above this level indicates the bulls' capacity to maintain the upsurge. The MACD’s cross seen on April 23 signals a potential buy, suggesting SOL may be undervalued, primed for a rebound. If so, SOL/USD could eye a 28% recovery toward the $202 v-shaped recovery pattern neckline soon. BTC/USD daily chart. Source: TradingView On the flip side, falling below the 50-day EMA increases the correction risks toward its 100-day EMA support at $139 or the base of its governing chart pattern at $125.

On Apr 23, 2024, 18:38 PM (UTC). According to Binance Market Data, BNB has dropped below 610 USDT and is now trading at 609.599976 USDT, with a narrowed 2.16% increase in 24 hours.

According to Blockworks, a recent investigation by Asymmetric Research uncovered a critical vulnerability in the inter-blockchain communication (IBC) protocol. This standard facilitates interaction among individual cosmos chains. The vulnerability was specifically found in ibc-go, the Golang high-level programming language implementation of the IBC protocol, and it affected CosmWasm-based IBC middleware. The middleware, similar to many bridging protocols, allows packets to be sent from one blockchain to another. These packets are stored as commitments before being properly received and deleted. If not received, tokens are refunded through a timeout functionality. Asymmetric Research discovered that the flow between the module deleting the commitment control could be replayed. This meant it was possible to exploit the bug and generate an infinite number of IBC tokens. Multiple chains were vulnerable to this issue, including Osmosis, one of the largest cross-chain DEXs in the Cosmos ecosystem. However, the potential damage was limited due to rate limiting on the chain. The vulnerability has been privately disclosed to the Cosmos HackerOne bug bounty program and has been resolved without any malicious exploitation. Asymmetric Research emphasized the ease with which trust assumptions can be broken and new vulnerabilities introduced by adding new features and functionality. They also highlighted the importance of defense-in-depth and commended the Cosmos teams for their strong security measures that could have saved them from existential risks. A binary patch was released to fix the underlying IBC timeout reentrancy without breaking consensus. Contributors spent much time and effort assessing the security implications of the mentioned issues.

According to Blockworks, a recent report by PayPal's internal research group suggests that economic incentives could encourage bitcoin miners to adopt cleaner energy sources. Bitcoin's proof-of-work (PoW) consensus mechanism has been criticized for its high computational intensity, which has raised environmental concerns. The report proposes a solution that involves offering additional bitcoin rewards to miners who use low-carbon energy sources. Under the PoW mechanism, bitcoin miners are compensated with bitcoin for their computational work. The report suggests that a small additional amount of bitcoin could be allocated to miners who prioritize environmentally friendly practices. The proposed program would begin by identifying 'green miners' who use clean energy or have a minimal impact on energy grids. These miners would be identified by their public keys, referred to as 'green keys'. To incentivize these green miners, certain bitcoin transactions would include a UTXO with a multisig wallet containing extra bitcoin. This wallet could only be accessed by green keys. These transactions would also feature lower-than-average fees, making them more attractive to green miners. The report likens this approach to providing an 'indirect grant' to bitcoin miners who use cleaner energy. However, the report acknowledges potential drawbacks. For instance, miners who do not prioritize green practices could still pick up transactions earmarked for green miners if the low fees are not a deterrent. The report also suggests measures to prevent 'malicious green miners' from driving up transaction fees on green transactions for personal gain. The report does not specify the amount of the 'subsidy', only stating that the green miner multisig would contain 'some bitcoins'. If the public mempool solution proposed by PayPal is not effective, the report suggests that smart contracts or the Lightning Network could be used to privately reward green miners. This would, however, require a level of trust. The report was produced by PayPal's Blockchain Research Group, which has been operational since around 2015. The group tested aspects of the incentivization program with blockchain company DMG.

According to Bloomberg, the allure of meme coins is increasingly attracting the attention of hedge funds. Stratos, a hedge fund whose limited partners include venture capitalists, is one such example. Rennick Palley, the founding partner of Stratos, stated that if the fund isn't investing in meme coins, the individuals working at the fund are likely doing so. Despite the skepticism surrounding meme coins, hedge funds have been active in the crypto world, drawn by various strategies. Quinn Thompson, founder of Lekker Capital, compared the frenzy around meme coins to the retail frenzy seen with GameStop and meme stocks in traditional markets. He described it as the 'tip of the spear for speculation' and equated it to gambling. Dogecoin, the first meme coin launched in 2014, is currently the eighth-largest cryptocurrency with a market value of approximately $22 billion, according to CoinMarketCap. While many retail investors have experienced losses, professional investors have largely stayed away until the recent crypto boom. Cosmo Jiang, a portfolio manager at Pantera, noted that meme coins, initially started as a joke, have evolved into 'culture coins' representing a group of people with a shared belief system. The creation and launch of memes have become easier with apps like Pump.fun, and blockchains like Solana and Base offering low trading fees have been flooded with these tokens. Josh de Vos, research lead at CCData, highlighted that the infrastructure surrounding meme coins has improved, with centralized exchanges developing sophisticated futures markets for leading meme coins. This has allowed hedge funds to capitalize on their volatile movements and effectively hedge their exposure. As more hedge funds start taking meme coins more seriously, Palley expects the focus on these highly speculative tokens to increase. He anticipates more firms creating meme-only funds, similar to the creation of NFT-only funds. However, it's worth noting that NFTs have proven to be unreliable investments, with the market showing significant volatility.

According to Foresight News, Ethereum Domain Service (ENS) has integrated the browser-compatible .box domain. The .box domain is recognized as a top-level domain approved by ICANN and is the first on-chain TLD included in the ENS manager application, alongside .eth. With the release of this version, users can register .box domains through the manager application, which can be used with Web2 services such as email and website hosting. Domains hosted on .box can be searched and indexed on major browsers like Google Chrome and Safari, making them compatible with email services. All registrations and transfers of .box domains are executed on the Ethereum blockchain. This integration marks a significant step in the expansion of Ethereum's domain services, offering users more flexibility and options in domain registration and management.

According to Foresight News, LayerZero Labs has indicated that the first half of 2024 is nearing its end, which implies that the timeline for the Token Generation Event (TGE) is getting closer. The company has urged all applications to ensure their contract information is registered on LayerZero Scan. It is anticipated that continuous updates will be seen in the coming months.

According to PANews, the U.S. Securities and Exchange Commission (SEC) has decided to extend the review period for the proposed rule change regarding the listing and trading of Franklin Ethereum ETF shares. This implies that the SEC will take more time to decide whether to approve this commodity trust share based on Ethereum, classified under BZX Rule 14.11(e)(4).

According to BlockBeats, on April 23, the Cboe BZX Exchange submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to amend the previously approved Franklin Bitcoin ETF. Specifically, the proposal aims to change the deadline for cash purchase basket orders from 3 PM Eastern Time to 2 PM, the regular closing time of the exchange, or any other time determined by the initiator. This change is intended to provide more flexibility for the fund initiator in determining the purchase deadline. The proposed amendment by the Cboe BZX Exchange is a significant move in the cryptocurrency market, as it seeks to provide more flexibility for the fund initiator. The Franklin Bitcoin ETF, which was previously approved by the SEC, is one of the many financial instruments that have been introduced in recent years to provide investors with exposure to the volatile cryptocurrency market. The proposed change in the deadline for cash purchase basket orders is expected to have a significant impact on the operation of the ETF. The Cboe BZX Exchange's proposal is currently under review by the SEC. If approved, it could set a precedent for other exchanges and financial instruments in the cryptocurrency market. The SEC's decision on this proposal will be closely watched by investors and market participants, as it could have far-reaching implications for the operation and regulation of Bitcoin ETFs and other similar financial instruments.