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According to U.Today, Shiba Inu (SHIB) is showing signs of recovery as several key metrics indicate a resurgence of investor interest. The price of Shiba Inu is currently at $0.00002245, marking a 2.81% increase in the past 24 hours. Despite a 5.35% drop in trading volume to $853,696,955, there is a growing optimism that a larger surge may be on the horizon. One of the primary indicators of Shiba Inu's revival is the increase in Open Interest (OI) in the past 24 hours. Data from Coinalyze reveals that the OI for Perpetual Contracts stands at $31.9 million, a 2.61% rise within the same period. This OI is crucial for SHIB's health and future performance, indicating that more risk-on trading investors are starting to anticipate higher growth in the coin. Shiba Inu has been experiencing severe liquidation bouts amid wider market volatility. However, the same market that once posed a significant obstacle may now serve as a key boost, as recovery seems to be on the horizon. Other key network metrics for Shiba Inu, such as the burn rate and the Shibarium network, also play a vital role in reigniting retail investors' interest in the token. The SHIB burn rate has remained largely positive this week, currently up by 25.92%, with over 24 million tokens removed from circulation. The Shibarium transaction count, however, has seen a significant drop from the daily millions typically recorded in the fourth quarter of 2023. Despite this, it remains a crucial metric that determines the network's health and the overall usage and demand for SHIB in the long term.

According to U.Today, Charlie Shrem, a Bitcoin pioneer and co-creator of the Bitcoin Foundation, recently shared his recollections of the first Bitcoin halving in 2012 on a social media platform. Shrem revealed that he and his colleagues were concerned about the success of the first halving, despite outwardly appearing confident. In November 2012, the reward for mining a new block was reduced from 50 BTC to 25 BTC. Shrem, along with Erik Voorhees and Roger Ver, were among the early Bitcoin adopters who were unsure if the halving would work as intended. This week, the global Bitcoin community is anticipating the fourth Bitcoin halving, which will decrease block rewards from 6.25 BTC to 3.125 BTC for miners. Each halving event enhances Bitcoin's deflationary feature, making it more scarce as the remaining amount of the 21 million supply is mined more slowly every four years. This allows for a smaller amount of new BTC to be introduced into the market. The last Bitcoin is expected to be mined in 2140. Meanwhile, Bitcoin's value has been on a downward trend for almost a week, since Friday, April 12. It has lost more than 10% of its value, despite two major attempts to recover. Bitcoin was trading close to $71,000 on that day, but at the time of writing, it is valued at $63,513. The recent drop in Bitcoin's value is believed to be due to negative geopolitical developments in the Middle East and comments from Fed Reserve chairman Jerome Powell about inflation being stronger than previously assessed. As a result, the likelihood of the Fed reducing interest rates has significantly decreased, which is unfavorable for risk assets, including Bitcoin.

According to U.Today, recent data indicates a decrease in the number of institutional holders for Bitcoin Exchange-Traded Funds (ETFs). However, this data is not final and a more comprehensive picture is expected to emerge over the next 30 days. These fluctuations in ETF holder numbers do not necessarily indicate long-term issues for Bitcoin, as financial markets are known for their rapid changes and swift shifts in investor sentiment. Bitcoin is currently facing resistance at approximately $67,000, having recently experienced some retracement. The support level to watch is around $58,000, with a further safety net near the $50,000 mark. If Bitcoin maintains its support levels and sees a resurgence in buying pressure, the narrative around ETFs could quickly shift back to a positive tone. The current decrease in Bitcoin ETF holder numbers could be reflective of broader market hesitations, rather than an outright exodus. It is crucial to distinguish between short-term market jitters and long-term trends. Bitcoin, known for its resilience, has often demonstrated the ability to recover from periods of uncertainty. The ecosystem is known for its volatility, and investors understand that such fluctuations are part of the market. Monitoring the developing trends over the next month will be key to understanding the true direction of Bitcoin ETFs and their holders.

According to U.Today, Dogecoin (DOGE) price is potentially set to surge to its all-time high. This prediction is based on an analysis from IntoTheBlock, which highlights the absorption of 21.74 billion DOGE as a key factor. This significant volume of DOGE is currently held across 953,590 wallets within a price corridor ranging from $0.1636 to $0.671. Despite the current losses experienced by the holders, a resolution of this supply block could lead to a significant price increase for DOGE. However, experts warn that the absorption process could introduce sell pressure onto the market as the price corridor transitions. At present, DOGE is valued at $0.152, with its peak at $0.74, indicating the potential for substantial gains. It's important to note that the volume in question represents only a fraction of Dogecoin addresses. Data shows that 5.13 million addresses hold 122.75 billion DOGE, making up 81.05% of all addresses. This substantial ownership provides a strong foundation for the meme cryptocurrency, but it also carries the risk of intensified sell pressure. While on-chain indicators suggest a clear path to a new price high for DOGE, there is speculation about the market's response. Factors such as investor sentiment and external market dynamics are being considered as potential influences on the popular meme cryptocurrency's price trajectory.

According to U.Today, Federal Reserve Chair Jerome Powell recently made comments that have had a significant impact on the cryptocurrency markets. Powell stated that the U.S. economy has not seen inflation return to the central bank's target, suggesting that interest rate cuts are unlikely in the near future. 'The recent data have clearly not given us greater confidence, and instead indicate that it’s likely to take longer than expected to achieve that confidence,' Powell said during a central banking forum. He added that while inflation is still falling, it is not moving fast enough. Powell's comments marked a change in his stance following a third consecutive month in which a key inflation measure exceeded forecasts. Since July 2023, the Federal Reserve has maintained its benchmark interest rate target range of 5.25%-5.5%, the highest level in 23 years. This was the result of 11 consecutive rate hikes starting in March 2022. Powell indicated that the current policy level might remain in place until inflation approaches the target set. He further stated that unless inflation shows progress, the current level of restriction could be maintained for as long as needed. The cryptocurrency market reacted to Powell's comments with Bitcoin experiencing fluctuating prices, oscillating between $61,906 and $64,524 in Wednesday's trading session before settling to trade around $62,000. Bitcoin was down 1.13% at press time, trading at $61,440. The global crypto market cap likewise sank 1.84% as the majority of cryptocurrencies suffered losses. The S&P 500 also fluctuated following Powell's speech, briefly falling into the negative before recovering. Financial markets have had to adjust their expectations for rate cuts this year. At the start of 2024, traders in the fed funds futures market anticipated six or seven cuts this year, beginning in March. As the data has progressed, predictions have adjusted to one or two drops, assuming quarter percentage point moves, and this might not begin until September.

According to U.Today, Cardano, known for its innovative Extended Unspent Transaction Output (EUTXO) model, has once again showcased its technical capabilities in the cryptocurrency sector. This follows the implementation of the Alonzo upgrade, which introduced support for multi-assets and smart contracts. A recent milestone that highlights Cardano's abilities is the processing of eight transactions within a single block, serving a significant 1,600 recipients. The cost-effectiveness of this achievement is notable, with the commission for these transactions totaling a modest 5.16 ADA, equivalent to $2.38. This impressive performance has earned recognition from Charles Hoskinson, the visionary figure behind Cardano. In response to the achievement, Hoskinson shared a GIF with the caption 'It ain't much, but it's honest work,' expressing his satisfaction with Cardano's consistent progress. Hoskinson's acknowledgment underscores the importance of ADA blockchain's advancements in the blockchain sphere. By utilizing the EUTXO model, Cardano enables complex logic in transaction processing, ensuring efficiency and reliability. These achievements mirror the project's mission to provide a sustainable and cost-effective blockchain platform. With its emphasis on scalability, security, and interoperability, Cardano (ADA) continues to set industry standards, positioning itself as a significant player in blockchain and decentralized finance. The 'honest work' commendation serves as a testament to the collective efforts and aspirations of the development team.

According to U.Today, the latest update to Bitcoin Core, v27.0, has been released, bringing significant changes to the functionality of the world's largest blockchain. This update is the last one before the fourth halving, which will reduce Bitcoin (BTC) emissions to 3,125 Bitcoins per block. The new version, published in Bitcoin's GitHub repository, deprecates the decade-old Bitcoin library libbitcoinconsensus and introduces new software formats to enhance the interaction between Bitcoin Core and third-party programs. The networking between the blockchain element now defaults to BIP324 v2 transport, with the previous version (v1) only being used in case of v2 failure. The update also brings improvements to the Bitcoin (BTC) mempool and discontinues support for external signing on Windows due to security concerns. The release was authored by 63 Bitcoin Core members, including notable figures such as Hennadii Stepanov, Jameson Lopp, Luke Dashjr, Peter Todd, and Pieter Wuille. In addition to these major changes, Bitcoin Core has also received enhancements in synchronization and performance characteristics. However, the release of the update coincides with a significant drop in Bitcoin's price. The cryptocurrency is now targeting $60,000 as a new level for its dropdown, after losing 11% in seven days and touching seven-week lows. This price plunge has resulted in over $70 million in liquidations, with $24 million being erased in the last hour.

According to U.Today, Ripple's president, Monica Long, has highlighted the increasing influence of cryptocurrency in Latin America, with Brazil quickly becoming a significant player in the crypto world. Long pointed out Brazil's active engagement in traditional finance (TradFi), its proactive regulatory approach, and its expanding developer community as key factors contributing to its growing prominence in the crypto landscape. Brazil's rise as a crypto hub is largely attributed to its forward-thinking regulatory framework. This framework has provided clarity and legal certainty for crypto businesses operating within the country. In recent years, Brazil has taken significant steps to regulate and embrace cryptocurrencies, recognizing their potential to promote financial inclusion and stimulate economic growth. Long made these observations while attending the Web Summit Rio, a major tech event held in Rio de Janeiro, Brazil. The summit brings together over 30,000 individuals and enterprises that are redefining the tech industry. Ripple seems to recognize Brazil's growing influence in the crypto world and its potential to act as a catalyst for crypto adoption throughout Latin America. Brazil is home to Ripple's first regional headquarters in South America. As part of its expansion in Latin America, Ripple partnered with Colombia's central bank, Banco de la República, in June 2023. This partnership, part of a blockchain experimentation phase conducted by the Ministry for Information and Communications Technologies (MinTIC), aims to enhance the Banco de la República's high-value payments system using Ripple's Central Bank Digital Currency (CBDC) platform.

According to U.Today, Chainlink (LINK), a cryptocurrency, has been in the spotlight due to its recent MVRV Ratio drop. Crypto analyst Ali Martinez has noted that historically, a significant decrease in Chainlink's MVRV 30-Day Ratio has often signaled prime buying opportunities, with average returns of around 50%. Currently, the LINK MVRV 30-Day Ratio is at -17.54%, which Martinez suggests could be another opportunity to buy the LINK dip. The MVRV (Market Value to Realized Value) Ratio is a metric used to evaluate the market value of an asset compared to its realized value. A significant drop in this ratio typically indicates that the asset is undervalued and may present a lucrative buying opportunity. Since August 2022, each time Chainlink's MVRV 30-Day Ratio has fallen below -12.24%, it has indicated a prime buying opportunity, averaging 50% returns. Despite Martinez's positive outlook, Chainlink's current market performance has been less than impressive. The latest data shows that the price of LINK is $13.35, a modest increase of 1.37% over the past 24 hours. However, a deeper analysis reveals a worrying trend, as the cryptocurrency has seen a significant decline of 21.61% over the past week. Adding to the unfavorable market conditions is a significant drop in Chainlink's 24-hour trading volume, which has decreased by 39.30%. This decline in trading activity could indicate reduced investor interest and liquidity, potentially increasing the coin's volatility. Nevertheless, Martinez maintains a bullish outlook for the LINK price. While the broader market remains unpredictable and influenced by various factors, including regulatory developments and market sentiment, the sharp drop in Chainlink's MVRV Ratio could indeed signal a favorable moment for investors to consider entering or expanding their positions in the cryptocurrency. However, investors and traders are advised to conduct thorough research and consider their risk tolerance before making any investment decisions, especially in the highly volatile crypto market. It is crucial to seek advice from financial professionals and stay informed about the latest market developments to successfully navigate these turbulent waters.

According to U.Today, a user on the social media platform Twitter/X, known as 'Dogecoin Designer' (@cb_doge), who is part of the Dogecoin team and frequently shares updates about Twitter/X, has revealed a forthcoming update from Elon Musk. The Tesla CEO and owner of X, Elon Musk, plans to reintroduce the Vine app to X, according to 'Dogecoin Designer'. Vine, a US-based short video app, was acquired by Twitter under Jack Dorsey's leadership in 2012, a year before its official launch. However, Twitter discontinued the app in 2017. Musk now reportedly plans to relaunch Vine to attract more users to X by enabling them to create short videos. @cb_doge suggests that this could make X more popular and potentially outperform competing video platforms such as Instagram Reels, YouTube Shorts, and TikTok. The crypto community on X reacted positively to the news, expressing excitement about this new development. In addition to the Vine revival, Musk has also announced the introduction of a new feature to combat AI bots on the Twitter/X app, as reported earlier by U.Today. New accounts will be required to pay a small annual fee to respond to tweets, like them, or bookmark them. Musk explained that this is the only way to curb the relentless onslaught of bots. However, this move has been criticized by Ripple's chief technology officer, David Schwartz, who accused Musk of 'censoring lawful speech' on his platform. Despite the criticism, Musk continues to position himself as a proponent of free speech, often reminding users that his $44 billion acquisition of Twitter was motivated by this objective.

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Binance Holdings Ltd has triumphed in securing a highly coveted full crypto license in Dubai. The permit, confirmed by CEO Richard Teng in a Bloomberg interview. Binance FZE, the Dubai-based entity of the esteemed cryptocurrency exchange, had been operating under interim Operational MVP licenses since mid-2023.The newly acquired VASP license permits Binance not only to cater to institutional and qualified investors but also to pioneer retail cryptocurrency trading. Under Teng's leadership, who filled the CEO seat post CZ's exit, Binance remains poised to enhance compliance and relationships with global regulators. 

According to Foresight News, liquidity pledging platform Eigenpie has integrated with risk management L2 network Karak. This integration allows users to deposit mswETH, mstETH, and mwBETH to earn Karak XP and double Eigenpie points. The collaboration between Eigenpie and Karak L2 network is expected to enhance the user experience by providing them with more opportunities to earn rewards. The integration will also improve the platform's risk management capabilities, ensuring a safer and more secure environment for users. This move is part of Eigenpie's ongoing efforts to improve its platform and provide its users with more benefits. By allowing users to deposit mswETH, mstETH, and mwBETH, Eigenpie is expanding its services and making it easier for users to earn rewards. The double Eigenpie points are an added incentive for users to participate in the platform's activities. In conclusion, the integration of Eigenpie with the Karak L2 network is a significant development that is expected to bring about positive changes for the platform and its users. It not only enhances the platform's risk management capabilities but also provides users with more opportunities to earn rewards.

According to PANews, in the aftermath of the recent market dip, several cryptocurrencies have been identified as potential investment targets. However, it is crucial to note that this list is not intended to encourage purchasing all the listed coins. Instead, it is suggested that investors combine this information with their own strategies to select coins for long-term holding or short-term trading. In the Restaking ecosystem, $PENDLE is a favored choice for long-term holding. The ideal time to invest in $ENA is expected to be when the market recovers and around the time Eigenlayer issues its coin. Both $ONDO and $MKR are considered good choices in the RWA sector, with the former having a strong background and the latter demonstrating strong initiative from the project team. In the Basechain sector, investors can choose between $AERO and $DEGEN, with a preference for $DEGEN due to its dislike for ve token economics. $COW is worth paying attention to in the narrative of intent. In the Solana ecosystem, the focus is on accumulating $SOL coins and participating in new opportunities within the ecosystem. $JUP and $JTO are both part of Solana Beta and are highly favored. In the Meme sector, $WIF, $MEW, and $WEN are being watched. In the BTC ecosystem, the narrative of RUNES is important, and participation is encouraged. For BTC Layer2, Merlin has already issued its coin, so $STX and $MERL are worth watching. In the AI sector, $TAO, $OLAS, $PRIME, $RNDR, and $AKT are all potential investments. In the decentralized computing sector, investors are advised to wait for io.net ing. In the gaming sector, $RON and $IMX are worth watching, with a focus on the number of players and cash flow income. In the Alt Layer1 sector, $TON and $SUI are seen as promising due to their underlying value and team's willingness to incentivize fundamentals, respectively. Finally, in the cross-chain sector, $AXL is believed to have the greatest potential when compared to Wormhole and LayerZero.

According to Foresight News, a report by Kaiko, a cryptocurrency market trend analysis company, as reported by the International Business Times, reveals that the South Korean Won surpassed the US Dollar in trading volume in the cryptocurrency exchange (CEX) in the first quarter of 2024. The trading volume of the Won was $456 billion, exceeding the $445 billion of the US Dollar. Kaiko anticipates a boost in market sentiment across the entire Asia-Pacific region following the approval of a Bitcoin spot ETF in Hong Kong. This prediction is based on the increasing acceptance and integration of cryptocurrencies in financial markets across the region. The report highlights the growing influence of Asian markets in the global cryptocurrency landscape.

According to Foresight News, the DePIN project by Nodle is set to launch on the zkSync Era and deploy the Click camera application on zkSync. In addition to this, Nodle has plans to construct a ZK Stack Hyperchain within the coming months and integrate its ZK technology natively with zkSync. This move is part of Nodle's broader strategy to leverage zkSync's capabilities and enhance its own technological offerings. The integration of ZK technology with zkSync is expected to bring about significant improvements in the project's overall performance and efficiency. Further details about the project's launch and its subsequent plans are yet to be disclosed.

According to Foresight News, Web3 infrastructure developer Zypher Games has announced its rebranding to Zypher Network and its migration to a new domain. The company has launched a product line that includes the high-performance gaming engine Secret Engine and AW Engine, both powered by ZKP and AI. Additionally, Zypher Network has introduced Zytron, a dedicated L3 deployment suite tailored for blockchain games. The rebranding and domain change are part of the company's ongoing efforts to expand and improve its services.

According to Foresight News, Foundry USA Pool, an enterprise-level mining pool, has announced its intention to monetize the first Satoshi mined from its halving block. The company has pledged to distribute 100% of the profits to its pool members. The profits will be distributed to the existing sub-account payment addresses through Foundry USA Pool, based on the hash rate of the members within 24 hours on the day of halving.

According to PANews, data from SoSoValue indicates that on April 17, the Bitcoin spot ETF experienced a total net outflow of $165 million. The Grayscale ETF GBTC saw a single-day net outflow of $133 million, bringing the historical net outflow of GBTC to $16.59 billion. The Bitcoin spot ETF with the highest single-day net inflow was the BlackRock ETF IBIT, with a net inflow of approximately $18.09 million. As of the time of writing, the net asset value of the Bitcoin spot ETF stands at $51.08 billion. The ETF net asset ratio, which is the market value compared to the total market value of Bitcoin, has reached 4.26%. The historical cumulative net inflow has reached $12.27 billion.

On Apr 18, 2024, 04:00 AM(UTC). According to Binance Market Data, BNB has crossed the 550 USDT benchmark and is now trading at 550 USDT, with a 1.53% increase in 24 hours.