According to BlockBeats, the Ethereum network's gas fee has significantly decreased to 7 gwei as of April 19. This information is based on data provided by Etherscan. The reduction in gas fees is a significant development for Ethereum users, as it directly impacts the cost of transactions on the network. The Ethereum network uses gas fees as a measure of computational effort required to execute specific operations. The lower the gas fee, the less expensive it is for users to perform transactions or execute smart contracts on the Ethereum network. This reduction could potentially lead to an increase in activity on the network, as lower costs could encourage more users to engage in transactions or develop and execute smart contracts. It's important to note that gas fees can fluctuate based on network demand. When the network is busy, gas fees can increase, making transactions more expensive. Conversely, when the network is less congested, gas fees can decrease, making transactions more affordable. The recent drop in gas fees suggests a current period of lower demand or congestion on the Ethereum network.

According to Foresight News, venture capital management firm Token Bay Capital has received preliminary approval from the United Arab Emirates' Financial Services Regulatory Authority (FSRA). This approval allows the firm to invest in equity and tokens of cryptocurrency startups in the Abu Dhabi Global Market (ADGM). In addition to Abu Dhabi, Token Bay also has an office in Hong Kong and is strategically positioned in digital asset centers in the Middle East and Asia. This move signifies the firm's commitment to expanding its operations and influence in the growing field of digital assets and cryptocurrency startups. The preliminary approval from FSRA is a significant milestone for Token Bay Capital, as it opens up new opportunities for the firm in the ADGM. This will enable the firm to contribute to the growth and development of cryptocurrency startups in the region, further strengthening its position in the digital asset market.

According to CryptoPotato, approximately 21,800 Bitcoin options contracts, with a notional value of around $1.33 billion, are due to expire on Friday, April 19. This figure is slightly lower than the previous week's expiry event. The crypto markets have experienced a significant downturn throughout the week, with Bitcoin potentially losing its psychological price level of $60,000. The expiring batch of Bitcoin contracts has a put/call ratio of 0.63, indicating that there are nearly twice as many call (long) contracts expiring as puts (shorts). Despite the market's downturn, the bulls continue to dominate the derivatives markets, with the most open interest at the $80,000 strike price. There is $881 million worth of long contracts at this level, with over $700 million in open interest at both the $70,000 and $75,000 strike prices. The open interest at the $60,000 level, which is closer to the current spot prices and maximum pain point, is just $453 million. Crypto derivatives tool provider Greeks Live noted that despite the 'extreme panic spreading in the market' this week, with Bitcoin losing $60,000 and Ethereum losing $3,000, major term options implied volatility is falling significantly. Implied volatility refers to future measures of market volatility derived from expiring derivatives contracts. Greeks Live added that 'the long side of Ethereum is more fragile and has limited ability to lead the market.' In addition to the Bitcoin options expiry, 297,000 Ethereum options contracts, with a notional value of $960 million, are also set to expire. These contracts have a put/call ratio of 0.42, indicating that longs significantly outnumber shorts. The total market capitalization has remained flat at $2.37 trillion, but markets have begun to trend downwards again during the Friday morning Asian trading session. Bitcoin, which is still correcting, dipped sharply to $60,000, where it found support and bounced back to $62,000 within an hour. Ethereum, on the other hand, dropped to $2,876 before recovering, but it had not reclaimed the psychological $3,000 level at the time of writing and was trading at $2,989. The altcoins were predominantly in the red, with the exception of Toncoin (TON), which had gained 9% on the day.

According to Foresight News, the Launchpool project of Merlin Coin (MERL) has seen a significant influx of investment. The project, which opened recently, has already received over 44 million BGB and 55 million USDT. The project simultaneously opened BGB and USDT prize pools, with a total prize pool of 330,000 MERL. The opening period for this project was from 15:00 on April 18 to 15:00 on April 28. In addition to this, the MERL deposit channel is now open, and the trading channel is set to open at 18:00 today.

According to Foresight News, Superlogic, an enterprise-level loyalty platform powered by blockchain and AI, has successfully raised $7.6 million in a strategic funding round. The investors in this round included Amex Ventures, Sangha Capital, 10SQ Capital, Nima Capital, Actai Unicorn Fund, and Chainlink Capital. The funds raised will be used to accelerate the deployment of Superlogic's loyalty interoperability protocol. This investment brings Superlogic's total funding to $15 million. The platform's early investors also include Warner Music Group, Mirabaud, Galaxy Interactive, and Liquid 2 Ventures. Superlogic aims to leverage the power of blockchain and AI to revolutionize the loyalty program industry, providing a more efficient and secure system for businesses and consumers alike.

According to Foresight News, Solana Devnet, a developers' network, is currently experiencing downtime. The engineering team is actively working to resolve the issue. It is important to note that this problem will not affect the Solana testnet or Mainnet Beta. It is anticipated that the network will be back online shortly.

According to Foresight News, data from SoSoValue indicates that the Bitcoin spot ETF experienced a total net outflow of $4.3876 million on April 18. Grayscale's GBTC saw a single-day net outflow of $89.9918 million, bringing its historical net outflow to $16.685 billion. On the other hand, the Bitcoin spot ETF with the highest single-day net inflow was Fidelity's FBTC, with a net inflow of $37.3959 million. To date, FBTC's total historical net inflow has reached $8.087 billion. As of the time of writing, the net asset value of Bitcoin spot ETFs stands at $53.063 billion. The ETF net asset ratio, which is the market value compared to the total market value of Bitcoin, is at 4.25%. The historical cumulative net inflow has reached $12.262 billion.

According to Foresight News, Magic Eden, a notable player in the NFT market, has announced plans to launch its Runes trading platform on April 23. The company has been working on creating a simple and intuitive Runes trading platform, which is now set for imminent release. The platform is expected to enhance the trading experience for users, offering a straightforward and user-friendly interface. Further details about the platform's features and functionalities are yet to be disclosed. The launch of the Runes trading platform by Magic Eden marks a significant development in the NFT market, reflecting the growing interest and investment in this digital asset class.

According to BlockBeats, on April 19, Casey Rodarmor, the founder of Ordinals, hinted on social media that a rune might be engraved the next day. Previously, on April 18, Rodarmor had stated in a Discord community meeting that the Runes protocol only hard codes the 0th rune, known as 'UNCOMMON•GOODS'. The names of the other nine tokens were not hard-coded into the Runes protocol due to a lack of creative ideas. Rodarmor had previously planned to hard code the first ten runes, numbered 0-9, into the Runes protocol. This latest announcement suggests that this plan may be moving forward. However, no further details were provided about which rune might be engraved or what the implications of this action might be. The community will be watching closely for further updates from Rodarmor and the Ordinals team.

According to PANews, a recent working paper from the International Monetary Fund (IMF) has highlighted the importance of Bitcoin for individuals in high inflation countries such as Argentina and Venezuela. The paper suggests that Bitcoin is crucial for preserving wealth and accessing global markets during periods of financial instability. The report also indicates that people are turning to Bitcoin to escape the instability of local economies and currencies, and to evade capital controls and strict financial regulation in their home countries. This is particularly the case in emerging markets like Argentina and Venezuela, where Bitcoin liquidity is high. The countries with the highest inflow of Bitcoin include Seychelles, Venezuela, Moldova, Nigeria, and the Central African Republic. Residents are beginning to turn to Bitcoin for cross-border capital flows, making it more than just a speculative investment. Countries like Seychelles and Moldova, which have attracted cryptocurrency exchanges due to their low tax rates and relaxed regulation, are also seeing people view Bitcoin as a safe asset due to currency devaluation and economic instability.

According to Foresight News, the decentralized computing network PADO has initiated a partnership with Arweave's supercomputer AO to launch Verifiable Confidential Computing (VCC). The VCC will be established on AO. PADO will gradually build decentralized computing units based on AO and will use the Arweave blockchain as a privacy data storage layer. Users can encrypt their data using PADO's zkFHE technology and securely store it on the Arweave blockchain. Any computing requests within the AO ecosystem will be sent to PADO's exclusive computing units via the AO dispatch unit. These computing units will send the computing tasks to zkFHE computing nodes. After these computing nodes retrieve the user's encrypted data on Arweave, they will complete the corresponding homomorphic computations and computation integrity proofs as per the requirements of the computing request.

According to Foresight News, Base has released the list of beneficiaries for its sixth round of funding in 2024. The list includes a diverse range of entities, from payment applications to blockchain development companies. Among the beneficiaries are PayFlow, a payment application, and The Old Castle Defense, an on-chain battle game. Fam, a space for music collaboration and creative funding, and Talent Protocol, an on-chain social market, are also on the list. Steve Dakh, a Mac application developer, and Martycfly, who built a Base fee tracker Chrome plugin, are also included. The list further includes Primitives, a generator of pixel art collections, and Base Migrate, a cross-chain bridge. Sealaunch.xyz, an on-chain data browser, and Chain Rule, a blockchain development company, are also beneficiaries of this round of funding. This diverse list of beneficiaries indicates Base's commitment to supporting a wide range of applications and developments within the blockchain and cryptocurrency space.

According to Foresight News, Wintermute has pledged 15,610 ETH to Lido, valued at approximately $47.37 million. This transaction was observed by on-chain analyst @ai_9684xtpa. Currently, Wintermute holds a total of 45,929 stETH, with an overall value of $132 million. The move signifies Wintermute's continued investment in the Ethereum network, as evidenced by their substantial holdings.

According to BlockBeats, on April 19, altcoins have shown a general decline in the market. The market data reveals that CKB is currently priced at $0.0181, experiencing a 24-hour drop of 14.25%. CVX is currently priced at $2.228, with a 24-hour drop of 13.98%. OMNI is currently priced at $22.34, with a 24-hour drop of 13.21%. Lastly, GAL is currently priced at $3.13, with a 24-hour drop of 12.11%. This significant drop in the market has affected a wide range of altcoins.

According to Foresight News, PeckShield has detected that a certain address has been liquidated by approximately 29.46 WBTC, valued at around $1.86 million. Currently, this address supplies 270.9934 WBTC and 2621.02 ETH, borrowing stablecoins worth $19.48 million.

According to Foresight News, data from Coinglass reveals that in the past hour, global liquidation across all networks reached $70.12 million. This figure includes $66.07 million from long positions and approximately $4.05 million from short positions. Bitcoin accounted for about $24.53 million of the liquidation, Ethereum approximately $11.13 million, and SOL around $2.65 million.

According to BlockBeats, the total market value of cryptocurrencies has experienced a decrease. As of April 19, data from CoinGecko indicates that the total market value has fallen to $2.289 trillion, a 1.6% drop within a 24-hour period. This decline in market value reflects the volatile nature of the cryptocurrency market. Despite the drop, the market remains robust with a significant total value. The data does not specify which cryptocurrencies contributed most to the decrease. The cryptocurrency market is known for its rapid fluctuations, and this recent drop is a testament to that. Investors and traders are advised to stay updated with market trends and make informed decisions.

On Apr 19, 2024, 02:23 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 60,000 USDT and is now trading at 59,976.109375 USDT, with a 2.49% decrease in 24 hours.

On Apr 19, 2024, 02:22 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,900 USDT and is now trading at 2,899.949951 USDT, with a 3.12% decrease in 24 hours.

On Apr 19, 2024, 02:19 AM(UTC). According to Binance Market Data, BNB has dropped below 530 USDT and is now trading at 529.5 USDT, with a 1.53% decrease in 24 hours.