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The global cryptocurrency market cap now stands at $2.43T, up by 4.46% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $61,680 and $66,786 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $63,504, down by -4.71%. Most major cryptocurrencies by market cap are trading lower. Market outperformers include JUV, BETA, and SANTOS, up by 18%, 15%, and 10%, respectively. Market movers: ETH: $3096.6 (-4.70%) BNB: $549.6 (-5.44%) SOL: $137.62 (-10.49%) XRP: $0.4977 (-3.23%) DOGE: $0.15695 (-4.95%) ADA: $0.4725 (-3.30%) AVAX: $35.59 (-5.90%) SHIB: $0.00002177 (-7.28%) WBTC: $63504.3 (-4.78%) TRX: $0.11162 (-2.89%) Top gainers on Binance: JUV/USDT (+18%) BETA/USDT (+15%) SANTOS/USDT (+10%)

According to Foresight News, DWF Labs has announced the renewal of its partnership with the Dubai Multi Commodities Centre (DMCC). The primary goal of DWF is to invest in 50 startups operating in the Web3 domain. The company plans to make additional investments specifically in the best-performing companies, with the potential to receive up to $500,000 in investment. In previous news from Foresight News, it was reported that DWF Labs had collaborated with DMCC in March 2023. As part of this collaboration, a $5 million growth platform was provided at the DMCC Crypto Centre for Web3 and blockchain enterprises.

According to PANews, Starknet, an Ethereum Layer2 blockchain, has announced a collaboration with Giza to develop a new artificial intelligence project. The StarkWare exploration team is working closely with Giza on this initiative. The details of the project will be unveiled at a Starknet event in Berlin on April 23rd. It is understood that Giza is an operational AI project aimed at dApp.

According to Foresight News, Microsoft has announced a strategic investment of $1.5 billion in G42, an artificial intelligence technology company based in Abu Dhabi. As part of the collaboration, Brad Smith, Vice Chairman and President of Microsoft, will join the board of G42. G42 will utilize Microsoft's artificial intelligence computing platform, Azure, to operate its artificial intelligence applications and services.

According to BlockBeats, Matrixport, in its latest report released on April 16, suggests that some believe the market may be on the verge of an altcoin surge. Despite significant gains seen in a few meme coins and altcoins, the bull market may still be in its early stages based on Bitcoin's market share. This indicates that the surge in other cryptocurrencies is relatively limited, and Bitcoin's market share continues to grow.

According to Foresight News, Stargate, a cross-chain bridge, has announced that its V2 version is soon to be launched. The first discussion about the forthcoming Stargate V2 proposal will take place in a community phone meeting on Wednesday. The details of the new version and its potential impact on the cross-chain bridge operations are expected to be the main topics of the discussion. Further information about the V2 version will be released following the meeting.

According to PANews, Worldcoin, a global cryptocurrency company, has been accused of incorporating misuse terms in its service agreement. The company could face a fine of up to 1 billion Argentine pesos, approximately 1.075 million USD. The allegations stem from a review of consumer protection clauses in Worldcoin's contract, which allegedly force users to accept conditions that may violate national consumer protection laws. In addition, there are inconsistencies in the information provided by Worldcoin about its biometric data scanning operations, particularly concerning the processing of minors' data. These activities involve the use of Orb devices to scan users' iris and facial data at various locations in Argentina. Worldcoin is now required to respond to these allegations and may need to modify or remove the contract terms considered abusive. The announcement was made by the Production, Science, and Technological Innovation Department of Buenos Aires Province in Argentina.

According to U.Today, Elon Musk, the tech entrepreneur, has sparked a debate on a significant issue in artificial intelligence (AI) development. Musk suggested a hypothetical scenario where AI was developed during the era of Galileo, the renowned astronomer. He questioned what AI would have been trained to say about Galileo's heliocentric solar system discovery. This statement has ignited a heated discussion, with many agreeing with Musk's viewpoint. During his attendance at the 2024 Breakthrough Prize Ceremony, Musk was asked about the training of AI, which has recently emerged and is rapidly evolving. Musk emphasized that AI should be trained to tell the truth, regardless of its popularity. He used the time of Galileo as an example, when the astronomer discovered that the Earth rotates around the sun, contrary to the popular belief and the Catholic Church's doctrine that the sun revolved around the Earth. Musk argued that if AI had been trained during that period, it would have been taught the incorrect belief that the Sun orbits the Earth. Musk's comments are part of his ongoing criticism of AI systems like OpenAI’s ChatGPT and others developed by Meta and similar tech giants. He believes these AI systems are 'woke' as they avoid discussing certain social issues such as politics, sex, gender, and religion, and promote diversity, equity, and inclusion (DEI). In response, Musk's xAI startup has developed the Grok AI chatbot, which is not restricted in the topics it is trained to discuss with users. Musk advocates for AI to be as truthful and curious as possible, as he believes this would most likely 'foster humanity'.

According to U.Today, a dormant Bitcoin wallet, inactive since the Satoshi Nakamoto era, has been reactivated. The wallet, which contains Bitcoin worth millions of dollars, was reactivated following Bitcoin's significant drop and subsequent partial recovery. The blockchain address, which holds 50 BTC valued at $3,314,211 at the time of the announcement, had been untouched for 14 years. The last Bitcoin activity in this wallet was in 2010, the year when Bitcoin's enigmatic creator, Satoshi Nakamoto, decided to step back from Bitcoin and vanished, leaving his creation in the hands of a few dedicated developers. In recent months, several dormant cryptocurrency wallets, inactive for 10-14 years, have been noticed to awaken. These wallets hold early mined or purchased Bitcoin coins, as well as Ethereum acquired during the 2014 ICO. Typically, many holders choose to sell their old holdings after a decade, aiming to profit from the surge in BTC or ETH prices. However, in many instances, users only manage to recover their long-lost private keys by now. Over the past weekend, Bitcoin experienced a significant drop of more than 12%, falling from the recently regained $70,900 to $61,970. This drop is believed to be due to a new development in the Middle East. However, Bitcoin has since recovered by more than 7%, reaching $66,342 – the price at which it is currently trading. MicroStrategy's founder, Michael Saylor, recently shared a graph on the X platform showing his company outperforming Bitcoin. The graph indicates that since August 2020, when the company began regular Bitcoin purchases to add to its balance sheet, MSTR's price has risen by an impressive 1,097%. During the same period, Bitcoin appreciated by 463%, with gold increasing only by 16% and silver decreasing by 1%. MicroStrategy has acquired its Bitcoin in recent years by issuing Convertible Senior Notes and other similar types of securities to raise funds from investors to purchase additional Bitcoin.

According to U.Today, Toncoin (TON) has overtaken Dogecoin (DOGE) to become the eighth largest cryptocurrency by market capitalization. This development comes as most assets are resuming their recovery following a significant market downturn over the weekend. Toncoin's rally has notably outperformed that of Dogecoin. At the time of the report, Toncoin had risen by 16.1% in the past 24 hours to $7.10. This increase extended its weekly gains to 28.3%, compared to DOGE's 19.1% decline over the same period. This performance has allowed TON to surpass the meme coin and others in terms of market capitalization. Toncoin's market value stands at $24,497,306,751, exceeding Dogecoin’s $24,015,338,443. However, it remains uncertain whether TON's surpassing of DOGE will be a lasting change. Toncoin has experienced a significant growth since the beginning of the year, with a year-to-date (YTD) increase of 205.7%, significantly outpacing Bitcoin's (BTC) growth of 57.13%. Toncoin also has ambitious plans that could potentially see it surpass XRP in the long term. This ambition follows the coin's recent displacement of Cardano (ADA) to enter the top 10 most capitalized cryptocurrencies earlier this month. Several factors are contributing to Toncoin's rapid rise. Its unique technology allows it to scale decentralized applications built on it, and its close association with Telegram is also a significant factor in its growth. The Toncoin ecosystem boasts a community of ambitious users who are driving and promoting innovations on the network.

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According to U.Today, Lucie, the official marketing expert of the Shiba Inu team, has issued a significant warning to the SHIB community via the X/Twitter social media platform. The warning pertains to the correct method of selecting projects for investment. In addition, Lucie has provided some advice for new projects looking to establish themselves on Shibarium. Lucie's warning to the SHIB community was aimed at discouraging investment in certain projects, likely those being developed on the layer-2 blockchain Shibarium. She expressed that not all projects fail due to being rug pulled. Some, she explained, are victims of poor management strategies or simply fail to achieve significant growth. Lucie emphasized the need for careful selection of investment projects, noting that even the most experienced investors can suffer losses. She stated that her primary concern is that Shiba Inu and all other tokens, including those created by the SHIB team for use on Shibarium, remain secondary to the second largest meme cryptocurrency. In a separate tweet, Lucie offered advice for new projects on Shibarium. She emphasized that new projects do not require endorsements to make an impact. Instead, they need a well-planned strategy for positioning themselves and engaging with their community. Lucie suggested that new projects should present a clear roadmap outlining their goals and the methods to achieve them. She also recommended engaging with the community on major social media platforms like Telegram and Discord, while maintaining respect for the community and staying active and informed on various communication channels. Lucie advised against paying for marketing, suggesting instead that projects should focus on growing their community and finding genuine supporters for a more sustainable and engaged base.

According to U.Today, Ripple's Chief Technology Officer, David Schwartz, has recently addressed speculation about his personal wealth, stating that he is not a billionaire. Known for his transparency and community engagement, Schwartz debunked myths about his wealth by sharing a screenshot of a 2021 tweet in which he confirmed that he was not a billionaire, a stance he still maintains. Despite his significant contributions to Ripple and the broader XRP Ledger ecosystem, Schwartz's statement underscores the fact that not all industry pioneers have accumulated vast wealth. Schwartz was one of the original architects of the XRP Ledger. In 2011, Schwartz, along with engineers Jed McCaleb and Arthur Britto, who had previously written code for the Bitcoin blockchain, began developing the XRP Ledger. Their goal was to create a blockchain that was more suitable for hyper-efficient value movement, focusing on transaction speed and scalability. Upon the deployment of the XRP Ledger, the code automatically generated 100 billion XRP, with the code base stipulating that no new XRP be created. In September 2012, Arthur Britto, Jed McCaleb, and Chris Larsen founded Ripple, then known as NewCoin, and the founders of the XRP Ledger donated 80 billion XRP to the company. Britto, McCaleb, and Larsen collectively received 20 billion XRP. Interestingly, Schwartz chose a salary and a 2% share in Ripple over the XRP cryptocurrency, which he helped create. He later admitted that choosing a share in the company over XRP was probably a 'pretty big' mistake. He could have received around 500 million XRP tokens, which would have been worth a significant amount at the peak of XRP's rally. Schwartz attributed his decision to his inherent risk aversion, although he expressed a wish to be less so. Given Ripple's current worth and XRP's market capitalization of $28.46 billion, Schwartz’s net worth might be estimated to be in the millions.

According to U.Today, the latest weekly fund flows report by CoinShares has revealed a significant shift in the cryptocurrency investment landscape. XRP has emerged as a standout performer, attracting $300,000 in inflows over the past week, despite an overall outflow of $126 million from digital asset investment products. This represents a 300% surge compared to the previous week, indicating a significant increase in investor sentiment towards XRP-related financial instruments. Since the beginning of the year, total inflows into investment products have reached $11 million, positioning XRP as a leading contender among altcoins. It has surpassed Solana and Cardano, although it still lags behind heavyweights like Polkadot, Litecoin, and Ethereum in terms of overall fundraising. The surge in XRP investment comes as broader market dynamics are shifting. Bitcoin has maintained positive month-to-date inflows despite experiencing $110 million in outflows last week. On the other hand, Ethereum has faced significant challenges, witnessing $29 million in outflows for the fifth consecutive week. Despite the promising influx of funds into XRP investment products, discussions about a full-fledged XRP ETF have decreased in recent months. Instead, the focus on the U.S. regulatory landscape has shifted towards the Ethereum ETF, with prospects for approval diminishing as the May 23 deadline approaches. The future of an XRP ETF remains uncertain, dependent on regulatory developments and industry dynamics. As XRP continues to show resilience and attract investment amid market volatility, the possibility of overcoming regulatory hurdles could reignite discussions about an XRP ETF.

According to U.Today, XRP, a major player in the digital currency ecosystem, has experienced a significant price recovery, with a 6.24% increase in the past 24 hours to $0.5135. This growth marks the coin's determined effort to regain its position after a drop from a high of $0.6642 over the past month to a low of $0.4336. As the market rebalances, several growth catalysts are worth noting as the coin continues its upward trajectory. One such catalyst is the XRP trading volume. Although it may seem like a simple metric, it is a crucial one. Data from CoinMarketCap indicates that the current sentiment is low, with a 49.98% decrease in 24 hours to $2,339,050,214. However, an increase in XRP trading volume would signify a bullish sentiment, potentially aiding the coin's growth in the short to long term. Updates to the XRP Ledger (XRPL) also play a significant role in boosting trust in the cryptocurrency. Recent news about upgrades enhancing the functionality of the layer-1 blockchain has been circulating, and these improved functionalities have now been introduced to the blockchain. In addition to its use in payments, the XRP Ledger provides a crucial avenue for the coin's demand in DeFi systems, which could contribute to a price surge in the long term. Plans for a Ripple stablecoin have also been hinted at recently, potentially setting the stage for significant competition with Tether (USDT) and USD Coin (USDC). If Ripple Labs successfully integrates the coin into the stablecoin's redemption and operations, it could benefit XRP. In general, the utility of XRP is poised to take center stage, creating a demand basis that could drive price growth over time.

According to U.Today, Cardano, a prominent cryptocurrency, has seen a significant resurgence, adding over $1.7 billion to its market capitalization. This increase comes after a period of volatility and uncertainty in the cryptocurrency market. CoinMarketCap data shows that Cardano's market capitalization rose from $15.8 billion to $17.5 billion during the current trading session, solidifying its position as the 10th largest cryptocurrency by market capitalization. This places Cardano ahead of Avalanche (AVAX) but behind Dogecoin (DOGE), which currently holds the ninth position, with a market capitalization of $23.4 billion. The primary driver behind this surge in market capitalization is the recovery of the price of ADA, Cardano's native token. After experiencing a significant decline of 32% due to prevailing geopolitical uncertainties, ADA's price rebounded by 4.3% to reach $0.49 in today's trading session. With a market capitalization now standing at $17.5 billion, Cardano is not only reaffirming its position within the cryptocurrency market but is also inching closer to the realm of the world's largest companies. According to the Companies Market Cap global ranking, Cardano would be positioned alongside established entities such as Warner Music Group, Subaru, and Snapchat. The resurgence of ADA reflects the resilience and potential of the cryptocurrency amid market fluctuations. As investors and enthusiasts monitor its performance, the recent increase in market capitalization underscores renewed confidence in Cardano's trajectory.

According to U.Today, Michael Saylor, the founder and former CEO of MicroStrategy, who now leads the company's Bitcoin investment strategy, recently shared a post dedicated to Bitcoin on his Twitter account. The post, which included a cryptic image of an android with a Bitcoin symbol on its eye, drew various reactions from the Bitcoin community. Some expressed support and admiration for Bitcoin and its anonymous creator, Satoshi Nakamoto, while others criticized the high transaction fees associated with Bitcoin. Saylor did not respond to any of the comments. In another tweet, Saylor highlighted how MicroStrategy's Bitcoin strategy has led to significant profits for the company. Since August 2020, when MicroStrategy began regularly purchasing large amounts of Bitcoin, the company's stocks have surged by 1,097%. In comparison, Bitcoin itself has seen a smaller but still notable increase of 463%. Meanwhile, gold has only increased by 16%, silver has decreased by 1%, the S&P 500 index has gained 52%, Nasdaq has risen by 47%, and bonds have fallen by 21%. The Bitcoin community is currently anticipating the upcoming Bitcoin halving event, which will reduce miners' rewards by half, leaving them with 3.125 Bitcoin for each new block. This event, which is expected to occur in four days, is predicted to cause the price of Bitcoin to surge due to the increased scarcity of the cryptocurrency. Currently, 900 Bitcoin are added to the circulating supply each day, but after the halving event, this number will be reduced to 450.

According to U.Today, Cardano (ADA) has seen a significant increase in large holder inflows, a metric that monitors the movement of funds into whale addresses. This development is crucial in Cardano's effort to retain its ranking among the top 10 cryptocurrencies by market capitalization. Data from IntoTheBlock reveals a staggering 28,372% surge in large holder inflows for Cardano, which soared from 54.93 million ADA on April 13 to 6.32 billion ADA on April 14. This could suggest substantial buying activity, as whale addresses typically purchase on centralized exchanges and then transfer their acquisitions to cold storage. Spikes in large holder inflows can also signal price bottoms, as whale addresses tend to buy in large volumes following significant corrections. The ADA price is currently attempting a recovery after dropping to a low of $0.4 on April 13, the lowest level seen since early December 2023. At the time of writing, ADA had risen 5.61% in the last 24 hours to $0.48, maintaining its rebound for the second day. The competition among the top 10 cryptocurrencies by market capitalization is intensifying, with various projects vying for position and market share. Cardano, with a market capitalization of $17.08 billion, is fighting to keep its place among the top 10 cryptocurrencies. While the increase in large holder inflows may appear positive, it's important to consider the potential outflows from these whale addresses, as they can often transfer out funds they just received for business purposes. The Large Holders Netflow indicator, which gives an insight into the change in whale positions, suggests accumulation, being up 1,900%. In a significant achievement, Cardano has reached 89 million network transactions, indicating the growing activity and use of the blockchain.

According to U.Today, Bitcoin analyst Willy Woo has made a bold prediction that Bitcoin will surpass the gold market cap once ETFs have completed their role. Woo suggests that the recently launched Bitcoin ETFs could potentially bring Bitcoin price targets to $91,000 at the bear market bottom and $650,000 at the bull market top. These targets, however, may not be achievable in this cycle due to the lengthy process of capital deployments. Woo's forecast is based on the assumption that the $100 trillion managed by asset managers typically has a 2% allocation recommendation. This would result in an estimated $2 trillion potential allocation into Bitcoin, a figure that Woo believes could increase over time. Currently, Bitcoin holds $561,159,959 of investment, according to on-chain data. An inflow of $2 trillion would raise this amount to over $2.56 trillion. Using the MVRV to calculate market cap versus money invested, which is a ratio of 5x in bull market tops and 0.7x in bear market bottoms, this would translate to market capitalizations of $12.8 trillion and $1.8 trillion, respectively. This would equate to $650,000 and $91,000 for the Bitcoin price in bull and bear market scenarios, respectively. Excluding other self-custody inflows, Woo is of the opinion that Bitcoin could indeed surpass gold capitalization by the time the asset manager capital is deployed. Given that gold experienced a 12-year bull run after its ETF was approved, Bitcoin may follow a similar trajectory. At the time of writing, Bitcoin was up 0.49% in the last 24 hours to $64,524. Bitcoin's dominance in the crypto market has reached a three-year high, reflecting strong demand for U.S. exchange-traded funds that hold the largest digital asset, as well as a challenging era for smaller tokens. According to CoinMarketCap data, Bitcoin accounted for about 55% of the $2.4 trillion cryptocurrency market as of the end of last week, a level not seen since April 2021.

According to U.Today, Dogecoin (DOGE), the most prominent meme coin, experienced a 4% price surge following a new meme post by Elon Musk. Musk's meme, a variation of the 'Biggus Dickus' joke from the 1979 comedy film 'Monty Python's Life of Brian', depicted mainstream media as members of the film's infantry, struggling to suppress laughter while covering the meme coin. This comes as Dogecoin has risen to be among the top 10 largest cryptocurrencies by market cap. However, the price spike driven by Musk's post was short-lived, suggesting that the influence of the billionaire's social media posts may be waning. Musk has been a significant factor in propelling Dogecoin into the spotlight in 2021, triggering a massive rally that saw the meme coin rise to fourth place by market cap and briefly surpass $85 billion in market capitalization. Despite a subsequent plunge following Musk's appearance on Saturday Night Live in May 2021, Dogecoin remains the 10th largest cryptocurrency by market cap, currently valued at $22.1 billion. In related news, Musk has confirmed that his social media platform will begin charging new users a 'small fee' to post, like, and bookmark new content. Musk stated that this measure is necessary to combat the 'relentless onslaught of bots', which he claims are difficult to manage due to advanced AI technologies that can bypass restrictions. Some users of the platform have suggested that Dogecoin could be used as a form of payment for posts on the social media network.