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@ismeidy
Periodista, especializada en finanzas descentralizadas, criptomonedas, blockchain, metaverso, web3.
Creadora de contenido y asesora blockchain.
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Bitcoin miners could liquidate $5 billion in BTC after the halving, according to calculations by 10x Research head Markus Thielen
"The surplus from this sale could last four to six months, which explains why bitcoin could move sideways over the next few months, as it has done after previous halvings."
Thielen said the same thing could happen again: that crypto markets could potentially face "a major challenge in a six-month 'summer' lull."
Thielen also believes that altcoins, in particular, could bear the brunt of this situation. Many of them have pulled back sharply over the past week and many are still a long way from their 2021 highs.
“Even if there is a correlation between the halving and an altcoin rally, as some predict, historical evidence shows that the rally usually begins almost six months later.”
Thielen posited that Marathon, the world's largest bitcoin miner, has built up inventory "that will likely be sold off gradually after the halving to avoid a revenue cliff."
As Marathon (currently) produces between 28 and 30 BTC per day, this could result in 133 days of additional supply hitting the market plus the BTC it produces, which would be 14-15 BTC per day after the halving, he said.
“Other miners are likely to follow a similar strategy to gradually liquidate some of their inventory.”
The researcher concluded that if all miners have a similar strategy for selling post-halving inventory, "it could result in a maximum of USD 104 million of BTC sales per day, reversing the imbalance between supply and demand that caused the rally." of BTC pre-halving"
Marathon CEO Peter Thiel said the company's breakeven rate would be around $46,000 per BTC to remain profitable after the halving, predicting that significant price movements are unlikely in the six months following the event. .
"The surplus from this sale could last four to six months, which explains why bitcoin could move sideways over the next few months, as it has done after previous halvings."
Thielen said the same thing could happen again: that crypto markets could potentially face "a major challenge in a six-month 'summer' lull."
Thielen also believes that altcoins, in particular, could bear the brunt of this situation. Many of them have pulled back sharply over the past week and many are still a long way from their 2021 highs.
“Even if there is a correlation between the halving and an altcoin rally, as some predict, historical evidence shows that the rally usually begins almost six months later.”
Thielen posited that Marathon, the world's largest bitcoin miner, has built up inventory "that will likely be sold off gradually after the halving to avoid a revenue cliff."
As Marathon (currently) produces between 28 and 30 BTC per day, this could result in 133 days of additional supply hitting the market plus the BTC it produces, which would be 14-15 BTC per day after the halving, he said.
“Other miners are likely to follow a similar strategy to gradually liquidate some of their inventory.”
The researcher concluded that if all miners have a similar strategy for selling post-halving inventory, "it could result in a maximum of USD 104 million of BTC sales per day, reversing the imbalance between supply and demand that caused the rally." of BTC pre-halving"
Marathon CEO Peter Thiel said the company's breakeven rate would be around $46,000 per BTC to remain profitable after the halving, predicting that significant price movements are unlikely in the six months following the event. .
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Will #Solana reach $450?
Solana price $SOL hits 3-month high
These 5 analysts expect a new yearly high
Solana (SOL) price has been rising rapidly since October 13 and is approaching its yearly high.
Solana price also broke an inverse head and shoulders pattern.
How long will it continue to rise?
Analysts are optimistic about Solana
Analysts at #criptomonedas have a predominantly bullish sentiment towards Solana.
Tradermayne believes the price will rise to $40. But his bullish analysis is conditional on a bullish weekly candle close.
Rager and DaanCrypto also noted the importance of the $38 horizontal resistance area, which coincides with the yearly high. This area has been crucial since 2021, supporting and resisting.
Finally, CryptoGodJohn believes that SOL price will eventually reach $250 in the long term and may even reach $450 if it reaches the market cap of #Ethereum
Will it reach the new yearly high?
The daily time frame shows that SOL price has been trading within an inverse head and shoulders (IH&S) pattern since February.
The IH&S is considered a bullish pattern, which usually leads to breakouts.
Today, SOL price is in the process of breaking out of the pattern neckline. A daily close above $26 will confirm the altcoin's breakout.
#crypto2023 #cryptocurrency
Will #Solana reach $450?
Solana price $SOL hits 3-month high
These 5 analysts expect a new yearly high
Solana (SOL) price has been rising rapidly since October 13 and is approaching its yearly high.
Solana price also broke an inverse head and shoulders pattern.
How long will it continue to rise?
Analysts are optimistic about Solana
Analysts at #criptomonedas have a predominantly bullish sentiment towards Solana.
Tradermayne believes the price will rise to $40. But his bullish analysis is conditional on a bullish weekly candle close.
Rager and DaanCrypto also noted the importance of the $38 horizontal resistance area, which coincides with the yearly high. This area has been crucial since 2021, supporting and resisting.
Finally, CryptoGodJohn believes that SOL price will eventually reach $250 in the long term and may even reach $450 if it reaches the market cap of #Ethereum
Will it reach the new yearly high?
The daily time frame shows that SOL price has been trading within an inverse head and shoulders (IH&S) pattern since February.
The IH&S is considered a bullish pattern, which usually leads to breakouts.
Today, SOL price is in the process of breaking out of the pattern neckline. A daily close above $26 will confirm the altcoin's breakout.
#crypto2023 #cryptocurrency
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Hedera's native HBAR token surged more than 107% on Tuesday, then fell more than 30% as investors believed BlackRock was involved in a fund tokenization project on the Hedera blockchain
On Tuesday, Hedera announced that BlackRock's ICS US Treasury money market fund had been tokenized on the Hedera blockchain in collaboration with Archax.
Hedera supporters on social media began claiming that BlackRock chose Hedera to tokenize its fund, although this was not the case.
Archax CEO Graham Rodford said that "it was indeed Archax's choice to put [the fund] into Hedera," in response to criticism of Hedera's potentially misleading marketing.
#HBARUSD #Hedera #BlackRock #hbaruadt #RWA $HBAR
On Tuesday, Hedera announced that BlackRock's ICS US Treasury money market fund had been tokenized on the Hedera blockchain in collaboration with Archax.
Hedera supporters on social media began claiming that BlackRock chose Hedera to tokenize its fund, although this was not the case.
Archax CEO Graham Rodford said that "it was indeed Archax's choice to put [the fund] into Hedera," in response to criticism of Hedera's potentially misleading marketing.
#HBARUSD #Hedera #BlackRock #hbaruadt #RWA $HBAR
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Akash Network Token Jumps 50% on Upbit Listing
The decentralized cloud computing company also announced its “Akash Summit.”
Akash Network, a decentralized cloud computing platform, saw its AKT token rise to nearly $7 on Tuesday when the token was listed on the South Korean exchange Upbit.
AKT jumped over 50% in the last 24 hours after trading steadily at $4 for the past week.
Akash was built using the Cosmos software development kit (SDK) and deployed on the Cosmos blockchain. It is an open network that offers users a way to buy and sell computing resources through its own marketplace. It connects server owners who need computing power to host applications with cloud computing resources.
The company also announced its 'Akash summit' on Monday, which will take place in May. The summit will focus on the decentralized artificial intelligence (AI) space.
Akash Network fits into the broader 'DePIN' narrative, which has recently garnered substantial interest from venture capitalists. Anand Iyer, founder of Canonical Crypto, an early-stage VC, told CoinDesk that he is seeing the true utility of decentralized hardware come to life as computing needs for AI increase.
“Companies and protocols like Akash Network and Ritual are leading the way here and we expect to see more players leveraging decentralized networks for non-crypto use cases,” Iyer said.
#AKT #AkashNetwork #HotTrens #TrenddingTopic #Token2049
The decentralized cloud computing company also announced its “Akash Summit.”
Akash Network, a decentralized cloud computing platform, saw its AKT token rise to nearly $7 on Tuesday when the token was listed on the South Korean exchange Upbit.
AKT jumped over 50% in the last 24 hours after trading steadily at $4 for the past week.
Akash was built using the Cosmos software development kit (SDK) and deployed on the Cosmos blockchain. It is an open network that offers users a way to buy and sell computing resources through its own marketplace. It connects server owners who need computing power to host applications with cloud computing resources.
The company also announced its 'Akash summit' on Monday, which will take place in May. The summit will focus on the decentralized artificial intelligence (AI) space.
Akash Network fits into the broader 'DePIN' narrative, which has recently garnered substantial interest from venture capitalists. Anand Iyer, founder of Canonical Crypto, an early-stage VC, told CoinDesk that he is seeing the true utility of decentralized hardware come to life as computing needs for AI increase.
“Companies and protocols like Akash Network and Ritual are leading the way here and we expect to see more players leveraging decentralized networks for non-crypto use cases,” Iyer said.
#AKT #AkashNetwork #HotTrens #TrenddingTopic #Token2049
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The new Shiba Inu blockchain
Shiba Inu is developing its new layer 3 blockchain using fully homomorphic encryption technology from crypto startup Zama, which recently raised $73 million in funding. FHE is considered the "holy grail" of cryptography, because it allows end-to-end encryption of data, even during processing. “This new cryptochain aims to address multiple issues related to cryptocurrencies, including the privacy and trust of the extensive Shiba Inu community of tens of millions and the next billion crypto-curious people,” Shiba Inu said.
The new blockchain is intended to meet regulatory requirements. "It is important that we maintain a project that complies with international law while protecting data privacy and people's security," Kusama said. "By allowing people to be private while still obtaining credentials to verify their identity, our entire system extends security and compliance at the same time."
Kusama declined to reveal the name of the Layer 3 blockchain to “ensure there are no scammers” such as fake TREAT tokens.
The new blockchain is planned to launch a testnet in the third quarter of this year and the mainnet "after extensive testing," according to Kusama.
Token Treat
Although the TREAT token has not yet been launched, CoinGecko and CoinMarketCap are already showing some trading volume for certain TREAT tokens. Kusama called this a "scam." The authentic TREAT token will be minted by The Shiba Inu Mint SA, a Panamanian corporation, Kusama said.
#SHIB #SHIBAInsights #Shiba #TREAT #HotTrens $SHIB
Shiba Inu is developing its new layer 3 blockchain using fully homomorphic encryption technology from crypto startup Zama, which recently raised $73 million in funding. FHE is considered the "holy grail" of cryptography, because it allows end-to-end encryption of data, even during processing. “This new cryptochain aims to address multiple issues related to cryptocurrencies, including the privacy and trust of the extensive Shiba Inu community of tens of millions and the next billion crypto-curious people,” Shiba Inu said.
The new blockchain is intended to meet regulatory requirements. "It is important that we maintain a project that complies with international law while protecting data privacy and people's security," Kusama said. "By allowing people to be private while still obtaining credentials to verify their identity, our entire system extends security and compliance at the same time."
Kusama declined to reveal the name of the Layer 3 blockchain to “ensure there are no scammers” such as fake TREAT tokens.
The new blockchain is planned to launch a testnet in the third quarter of this year and the mainnet "after extensive testing," according to Kusama.
Token Treat
Although the TREAT token has not yet been launched, CoinGecko and CoinMarketCap are already showing some trading volume for certain TREAT tokens. Kusama called this a "scam." The authentic TREAT token will be minted by The Shiba Inu Mint SA, a Panamanian corporation, Kusama said.
#SHIB #SHIBAInsights #Shiba #TREAT #HotTrens $SHIB
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Shiba Inu raises $12 million in token round for its new blockchain
#ShibaInu $SHIB the team behind the popular eponymous memecoin has raised $12 million by selling its unreleased token, TREAT, to non-US venture capital investors. These investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures, Shiba Inu said Monday.
However, some of these investors, such as Mechanism Capital and Shima Capital, appear to be based in the US. When asked, the lead developer of Shiba Inu, known as Shytoshi Kusama, told The Block that none of the Investors is based in the U.S. The full names of entities may not be disclosed.
Shiba Inu started fundraising for the round a few months ago and wrapped it up earlier this month, Kusama said. He declined to comment on the valuation, but a source with direct knowledge of the matter told The Block that this was a tranched round, with each tranche coming at valuations of $75 million, $100 million, and 200 million dollars, respectively.
Kusama said the token round comprises pre- and seed rounds.
Shiba Inu TREAT Sheet
The TREAT token, according to Shiba Inu, serves as a "utility and governance token" of its new privacy-focused layer 3 blockchain, which is being built on top of its layer 2 Ethereum blockchain.
TREAT will be the last non-stable token in the Shiba Inu ecosystem, Kusama said, adding that the ecosystem will introduce a new token called Shi later this year. Existing tokens in the ecosystem include the popular SHIB memecoin, BONE, Shibarium's governance token, and LEASH, a fixed supply token held by loyal Shiba Inu users that provides them with benefits and advantages such as BONE rewards.
The TREAT token has not been launched yet.
#SHIB #BullorBear #HotTrens
#ShibaInu $SHIB the team behind the popular eponymous memecoin has raised $12 million by selling its unreleased token, TREAT, to non-US venture capital investors. These investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures, Shiba Inu said Monday.
However, some of these investors, such as Mechanism Capital and Shima Capital, appear to be based in the US. When asked, the lead developer of Shiba Inu, known as Shytoshi Kusama, told The Block that none of the Investors is based in the U.S. The full names of entities may not be disclosed.
Shiba Inu started fundraising for the round a few months ago and wrapped it up earlier this month, Kusama said. He declined to comment on the valuation, but a source with direct knowledge of the matter told The Block that this was a tranched round, with each tranche coming at valuations of $75 million, $100 million, and 200 million dollars, respectively.
Kusama said the token round comprises pre- and seed rounds.
Shiba Inu TREAT Sheet
The TREAT token, according to Shiba Inu, serves as a "utility and governance token" of its new privacy-focused layer 3 blockchain, which is being built on top of its layer 2 Ethereum blockchain.
TREAT will be the last non-stable token in the Shiba Inu ecosystem, Kusama said, adding that the ecosystem will introduce a new token called Shi later this year. Existing tokens in the ecosystem include the popular SHIB memecoin, BONE, Shibarium's governance token, and LEASH, a fixed supply token held by loyal Shiba Inu users that provides them with benefits and advantages such as BONE rewards.
The TREAT token has not been launched yet.
#SHIB #BullorBear #HotTrens
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Bitcoin transaction fees plummet after halving
After the halving, fees increased to $146 for a medium priority transaction and $170 for a high priority transaction.
Bitcoin (BTC) started the week steady, changing hands above $66,120, as transaction fees dropped significantly following the halving.
Mempoolspace on-chain data shows that medium priority transactions now cost $8.48, while high priority transactions cost $9.32.
After the halving, these fees increased to over $146 for a medium priority transaction and $170 for a high priority transaction.
The hash price index, a metric created by Luxor to quantify how much a miner can expect to earn with a specific amount of hashrate, has also fallen from $182.98 per hash/day to $81, one level below where it was. before the halving.
While bitcoin miners anticipated that the halving would significantly reduce revenue, the introduction of Casey Rodarmor's Runes protocol, designed to create fungible tokens in Bitcoin, which went live at the halving, was supposed to be the antidote to this, given the level of activity it would create in chain.
Instead, in the first few days after the event, runestone NFT collection floor prices fell almost 50% in the last 24 hours with a floor price of almost 0.037 BTC, according to Magic Eden, while ordinal collections like Bitcoin Pullets and NodeMonkes are up 11% and 8% respectively, according to data from CoinGecko.
It should be noted that these ordinal collections also generate considerable transaction fees, but they do not appear to be the same source of income that many expected Runes to be.
#bitcoinhalving #BullorBear #BTC #Runes #HotTrens $BTC
After the halving, fees increased to $146 for a medium priority transaction and $170 for a high priority transaction.
Bitcoin (BTC) started the week steady, changing hands above $66,120, as transaction fees dropped significantly following the halving.
Mempoolspace on-chain data shows that medium priority transactions now cost $8.48, while high priority transactions cost $9.32.
After the halving, these fees increased to over $146 for a medium priority transaction and $170 for a high priority transaction.
The hash price index, a metric created by Luxor to quantify how much a miner can expect to earn with a specific amount of hashrate, has also fallen from $182.98 per hash/day to $81, one level below where it was. before the halving.
While bitcoin miners anticipated that the halving would significantly reduce revenue, the introduction of Casey Rodarmor's Runes protocol, designed to create fungible tokens in Bitcoin, which went live at the halving, was supposed to be the antidote to this, given the level of activity it would create in chain.
Instead, in the first few days after the event, runestone NFT collection floor prices fell almost 50% in the last 24 hours with a floor price of almost 0.037 BTC, according to Magic Eden, while ordinal collections like Bitcoin Pullets and NodeMonkes are up 11% and 8% respectively, according to data from CoinGecko.
It should be noted that these ordinal collections also generate considerable transaction fees, but they do not appear to be the same source of income that many expected Runes to be.
#bitcoinhalving #BullorBear #BTC #Runes #HotTrens $BTC
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This April 19, we witness the fourth halving in the history of Bitcoin, an event that is not only significant for its impact on mining but also for its potential influence on the market price.
Historically, halvings have been precursors to periods of significant appreciation in the value of Bitcoin. Although the past does not guarantee the future, we cannot ignore the trends that have followed these events.
The halving is a reminder of Bitcoin's ingenious design, which incorporates principles of digital scarcity and controlled deflation. By reducing the supply of new bitcoins, the halving reinforces the perception of Bitcoin as a rare and valuable asset.
The Bitcoin halving is not just a technical adjustment, it is a catalyst for change and innovation in the crypto space.
#Bitcoin #hallving #BTC #BTCHalvingApril2024 #BTCHALIVING $BTC
Historically, halvings have been precursors to periods of significant appreciation in the value of Bitcoin. Although the past does not guarantee the future, we cannot ignore the trends that have followed these events.
The halving is a reminder of Bitcoin's ingenious design, which incorporates principles of digital scarcity and controlled deflation. By reducing the supply of new bitcoins, the halving reinforces the perception of Bitcoin as a rare and valuable asset.
The Bitcoin halving is not just a technical adjustment, it is a catalyst for change and innovation in the crypto space.
#Bitcoin #hallving #BTC #BTCHalvingApril2024 #BTCHALIVING $BTC
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Tether Seeks to Boost Peer-to-Peer Payments on Telegram by Expanding Dollar and Gold Stablecoins to the TON Network
The TON network has seen rapid growth recently helped by incentives for onboarding Telegram users.
Tether, the company behind USDT with a market capitalization of $ 108 billion, said it is expanding the dollar-pegged stablecoin and its natively gold-backed sibling XAUT on The Open Network (TON), an adjacent blockchain to the Telegram messaging application.
Tether's transparency page today showed that there is $10 million of USDT authorized on the TON blockchain, and $3 million has already been issued.
With this move, Tether aims to boost USDT and Users will be able to use stablecoins in decentralized finance (DeFi) applications.
"The launch of USDT and XAUT on TON will enable a seamless transfer of value, increasing activity and liquidity, while offering users a financial experience that can match that found in the traditional financial system," said the Tether CEO, Paolo Ardoino, in the statement. “This furthers our mission of driving open financial infrastructure across the blockchain space.”
#Token2049 #BullorBear #bitcoinhalving #Memecoins
The TON network has seen rapid growth recently helped by incentives for onboarding Telegram users.
Tether, the company behind USDT with a market capitalization of $ 108 billion, said it is expanding the dollar-pegged stablecoin and its natively gold-backed sibling XAUT on The Open Network (TON), an adjacent blockchain to the Telegram messaging application.
Tether's transparency page today showed that there is $10 million of USDT authorized on the TON blockchain, and $3 million has already been issued.
With this move, Tether aims to boost USDT and Users will be able to use stablecoins in decentralized finance (DeFi) applications.
"The launch of USDT and XAUT on TON will enable a seamless transfer of value, increasing activity and liquidity, while offering users a financial experience that can match that found in the traditional financial system," said the Tether CEO, Paolo Ardoino, in the statement. “This furthers our mission of driving open financial infrastructure across the blockchain space.”
#Token2049 #BullorBear #bitcoinhalving #Memecoins
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Binance CEO Richard Teng says the Bitcoin halving is "unique" due to recent major events for the cryptocurrency and the broader market.
“This year's halving is unique in that it comes amid a number of other major developments in Bitcoin and the broader crypto ecosystem,” Teng told The Block in written comments.
"In addition to the ETF advance, which has spurred institutional interest and participation, another important trend in cryptocurrencies today is the rise of Layer 2 and DeFi activity on the Bitcoin network, driven by the popularity of the Ordinals protocol and Bitcoin inscriptions". he added.
Teng noted that the price of bitcoin has historically increased during the six months following each halving event.
The halving occurs every four years and halves the amount of bitcoin rewards given to miners. He said that this reduction in the supply of new coins may be behind the market's reaction to each event.
However, he noted that the scope for further growth depends on a variety of factors, including overall market sentiment and adoption rates. He added that bitcoin ETF approvals have already increased demand for bitcoin and increased its reach.
“While the above points amount to an optimistic outlook for BTC and the broader crypto market, it is important for investors, especially newcomers to the crypto space, to manage their expectations,” Teng said. “Immediate price changes following the halving are not justified, and their fundamental importance will manifest in long-term trends in the value, liquidity, adoption and position and acceptance of cryptocurrencies as an asset class.”
The Bitcoin halving will occur tonight, and block rewards will decrease from 6.25 BTC to 3,125 BTC over the next four years.
#bitcoinhalving #BullorBear #BTC #Bitcoin #HotTrens $BTC
“This year's halving is unique in that it comes amid a number of other major developments in Bitcoin and the broader crypto ecosystem,” Teng told The Block in written comments.
"In addition to the ETF advance, which has spurred institutional interest and participation, another important trend in cryptocurrencies today is the rise of Layer 2 and DeFi activity on the Bitcoin network, driven by the popularity of the Ordinals protocol and Bitcoin inscriptions". he added.
Teng noted that the price of bitcoin has historically increased during the six months following each halving event.
The halving occurs every four years and halves the amount of bitcoin rewards given to miners. He said that this reduction in the supply of new coins may be behind the market's reaction to each event.
However, he noted that the scope for further growth depends on a variety of factors, including overall market sentiment and adoption rates. He added that bitcoin ETF approvals have already increased demand for bitcoin and increased its reach.
“While the above points amount to an optimistic outlook for BTC and the broader crypto market, it is important for investors, especially newcomers to the crypto space, to manage their expectations,” Teng said. “Immediate price changes following the halving are not justified, and their fundamental importance will manifest in long-term trends in the value, liquidity, adoption and position and acceptance of cryptocurrencies as an asset class.”
The Bitcoin halving will occur tonight, and block rewards will decrease from 6.25 BTC to 3,125 BTC over the next four years.
#bitcoinhalving #BullorBear #BTC #Bitcoin #HotTrens $BTC
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Binance launches Megadrop
A token launch platform with airdrops and Web3 missions
What is Binance Megadrop?
Binance Megadrop is a new token drop platform that seamlessly integrates Binance Simple Earn and Binance Web3 Wallet, reinventing users' airdrop experience. Megadrop grants users early access to select Web3 projects before they appear on Binance.
This unique combination of engagement, education and rewards positions Megadrop as an unparalleled interactive experience both within Binance and the broader crypto ecosystem.
How to get started with Binance Megadrop:
Log in to your Binance account.
Subscribe to BNB locked products and/or complete Web3 missions to accumulate scores.
To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet.
Sign up for a Binance account and create your first Web3 wallet now if you haven't already.
Complete subscriptions to locked BNB products on Simple Earn to accumulate scores.
Go to Megadrop on the Binance app (coming soon) and complete all designated Web3 missions to accumulate scores and get a score multiplier.
Receive Megadrop rewards based on your total score.
The first project to be featured on Binance Megadrop will be BounceBit (BB), a BTC recovery chain.
BounceBit Megadrop Details:
Token name: BounceBit (BB)
Maximum token supply: 2,100,000,000 BB
Megadrop Token Rewards: 168,000,000 BB (8% of maximum token supply)
Initial circulating supply: 409,500,000 BB (19.5% of maximum token supply)
#Megadrop #HotTrens #bouncebit #BB #Airdops
A token launch platform with airdrops and Web3 missions
What is Binance Megadrop?
Binance Megadrop is a new token drop platform that seamlessly integrates Binance Simple Earn and Binance Web3 Wallet, reinventing users' airdrop experience. Megadrop grants users early access to select Web3 projects before they appear on Binance.
This unique combination of engagement, education and rewards positions Megadrop as an unparalleled interactive experience both within Binance and the broader crypto ecosystem.
How to get started with Binance Megadrop:
Log in to your Binance account.
Subscribe to BNB locked products and/or complete Web3 missions to accumulate scores.
To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet.
Sign up for a Binance account and create your first Web3 wallet now if you haven't already.
Complete subscriptions to locked BNB products on Simple Earn to accumulate scores.
Go to Megadrop on the Binance app (coming soon) and complete all designated Web3 missions to accumulate scores and get a score multiplier.
Receive Megadrop rewards based on your total score.
The first project to be featured on Binance Megadrop will be BounceBit (BB), a BTC recovery chain.
BounceBit Megadrop Details:
Token name: BounceBit (BB)
Maximum token supply: 2,100,000,000 BB
Megadrop Token Rewards: 168,000,000 BB (8% of maximum token supply)
Initial circulating supply: 409,500,000 BB (19.5% of maximum token supply)
#Megadrop #HotTrens #bouncebit #BB #Airdops
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#Bitcoin is likely to drop after #halving
JPMorgan's analysis of open interest in bitcoin futures shows that the cryptocurrency is still considered overbought.
The price of $BTC is likely to weaken following the reward halving, a quadrennial event that slows the pace of bitcoin supply growth and appears to occur around April 19-20, according to states Wall Street giant JPMorgan (JPM) in a research report published Wednesday.
The bank sees downsides for the world's largest cryptocurrency after the halving because the market is still in overbought conditions, according to its analysis of open interest in bitcoin futures.
Additionally, the cryptocurrency's price of approximately $61,200 is still above the bank's volatility-adjusted comparison to gold, which pegs it at $45,000, and its projected production cost of $42,000 after the halving . Historically, the cost of producing bitcoin has acted as a lower limit for BTC prices.
JPMorgan also notes that venture capital funding remains subdued despite the recent resurgence of the cryptocurrency market.
The biggest impact of the halving will be felt by mining companies: “As unprofitable bitcoin miners leave the bitcoin network, we anticipate a significant drop in hashrate and consolidation among bitcoin miners with higher stakes.” for publicly traded bitcoin miners", Nikolaos Panigirtzoglou.
"After the halving event, it is also likely that some bitcoin mining companies will look to diversify into regions with low energy costs, such as Latin America or Africa, to deploy their inefficient mining rigs and obtain salvage values from those rigs that otherwise they would remain inactive," the report states. the authors wrote.
#bitcoinhalving #BullorBear #BTC
JPMorgan's analysis of open interest in bitcoin futures shows that the cryptocurrency is still considered overbought.
The price of $BTC is likely to weaken following the reward halving, a quadrennial event that slows the pace of bitcoin supply growth and appears to occur around April 19-20, according to states Wall Street giant JPMorgan (JPM) in a research report published Wednesday.
The bank sees downsides for the world's largest cryptocurrency after the halving because the market is still in overbought conditions, according to its analysis of open interest in bitcoin futures.
Additionally, the cryptocurrency's price of approximately $61,200 is still above the bank's volatility-adjusted comparison to gold, which pegs it at $45,000, and its projected production cost of $42,000 after the halving . Historically, the cost of producing bitcoin has acted as a lower limit for BTC prices.
JPMorgan also notes that venture capital funding remains subdued despite the recent resurgence of the cryptocurrency market.
The biggest impact of the halving will be felt by mining companies: “As unprofitable bitcoin miners leave the bitcoin network, we anticipate a significant drop in hashrate and consolidation among bitcoin miners with higher stakes.” for publicly traded bitcoin miners", Nikolaos Panigirtzoglou.
"After the halving event, it is also likely that some bitcoin mining companies will look to diversify into regions with low energy costs, such as Latin America or Africa, to deploy their inefficient mining rigs and obtain salvage values from those rigs that otherwise they would remain inactive," the report states. the authors wrote.
#bitcoinhalving #BullorBear #BTC
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Sam Altman's Crypto Project Worldcoin Is Building a Layer 2 Chain
The human-centric blockchain network will be based on OP Stack, a framework for building layer 2 chains based on Ethereum.
Worldcoin, the retina scanning crypto startup from OpenAI founder Sam Altman, is getting its own blockchain.
World Chain, a Layer 2 network on Ethereum scheduled to launch this summer, will give special treatment to users who scan their eyes in exchange for a “World ID” digital passport. It will build on Worldcoin's perennial pitch as a network for "verified humans," an ecosystem designed to filter out bots in the increasingly strange age of AI.
“Verified humans will enjoy priority block space over robots and some free gas,” Tools For Humanity, the team behind Worldcoin, said in a statement. "For developers it will be a way to reach millions of users with applications focused on real-world utility."
World Chain will be based on OP Stack, a blockchain building framework that has become a popular choice among starters and was used by Coinbase to build its Base network.
"All of these blockchains are working hard to reduce gas fees to make the network more accessible, but what that means is that you start to see a lot more bot activity," said Tiago Sada, head of product, engineering and design. at Tools For Humanity, the development company behind Worldcoin. "That ends up raising rates for humans and the networks become congested."
"I would say it's pretty clear that 50 to 90% of on-chain transactions are automated," Sada explained. "World Chain will be open and permissionless. Anyone, including bots, will be able to submit transactions. But transactions submitted by verified humans will have priority block space, so they will be processed faster."
#WLDUpdate #WorldCoin. #WLD🔥🔥🔥 #WLD $WLD #HotTrens
The human-centric blockchain network will be based on OP Stack, a framework for building layer 2 chains based on Ethereum.
Worldcoin, the retina scanning crypto startup from OpenAI founder Sam Altman, is getting its own blockchain.
World Chain, a Layer 2 network on Ethereum scheduled to launch this summer, will give special treatment to users who scan their eyes in exchange for a “World ID” digital passport. It will build on Worldcoin's perennial pitch as a network for "verified humans," an ecosystem designed to filter out bots in the increasingly strange age of AI.
“Verified humans will enjoy priority block space over robots and some free gas,” Tools For Humanity, the team behind Worldcoin, said in a statement. "For developers it will be a way to reach millions of users with applications focused on real-world utility."
World Chain will be based on OP Stack, a blockchain building framework that has become a popular choice among starters and was used by Coinbase to build its Base network.
"All of these blockchains are working hard to reduce gas fees to make the network more accessible, but what that means is that you start to see a lot more bot activity," said Tiago Sada, head of product, engineering and design. at Tools For Humanity, the development company behind Worldcoin. "That ends up raising rates for humans and the networks become congested."
"I would say it's pretty clear that 50 to 90% of on-chain transactions are automated," Sada explained. "World Chain will be open and permissionless. Anyone, including bots, will be able to submit transactions. But transactions submitted by verified humans will have priority block space, so they will be processed faster."
#WLDUpdate #WorldCoin. #WLD🔥🔥🔥 #WLD $WLD #HotTrens
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Internet Computer Protocol Targets 'Bitcoin Layer Zero' with New Threshold-Schnorr Integration
The team behind Internet Computer Protocol ($ICP ) said that the implementation of threshold-Schnorr will allow for recording Runes, trading BRC-20 tokens and "unlocking the full potential of Bitcoin-based DeFi and Web3", with ICP "poised to become Bitcoin's zero layer," according to one message.
The implementation of threshold-Schnorr will allow ICP smart contracts to directly sign Schnorr signatures to:
- Register ordinals in a decentralized way
- Send and receive BRC-20 tokens directly in Bitcoin L1
- Easily bypass BRC-20s
- Sign Taproot transactions
- Re-enroll ordinals, unlocking dynamic ordinal NFTs that change based on user behavior or other data in Bitcoin.
#ICP/USTD #ICPBITCOINL2 #ICP_USDT #ICP #BullorBear
The team behind Internet Computer Protocol ($ICP ) said that the implementation of threshold-Schnorr will allow for recording Runes, trading BRC-20 tokens and "unlocking the full potential of Bitcoin-based DeFi and Web3", with ICP "poised to become Bitcoin's zero layer," according to one message.
The implementation of threshold-Schnorr will allow ICP smart contracts to directly sign Schnorr signatures to:
- Register ordinals in a decentralized way
- Send and receive BRC-20 tokens directly in Bitcoin L1
- Easily bypass BRC-20s
- Sign Taproot transactions
- Re-enroll ordinals, unlocking dynamic ordinal NFTs that change based on user behavior or other data in Bitcoin.
#ICP/USTD #ICPBITCOINL2 #ICP_USDT #ICP #BullorBear
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Analyst Who Rated Bitcoin's Pre-Halving Rally to $70,000 Turns Bearish
Markus Thielen, founder of 10x Research, has reduced his portfolio risk in the wake of rising Treasury yields.
The analyst who predicted bitcoin's (BTC) bottom in November 2022 and recent pre-halving surge to record levels has turned bearish on risk assets including tech stocks and cryptocurrencies.
“Our growing concern is that risk assets (stocks and cryptocurrencies) are on the verge of a significant price correction. The main trigger is unexpected and persistent inflation. “With the bond market now projecting fewer than three cuts and 10-year Treasury yields above 4.50%, we may have reached a crucial inflection point for risk assets,” said Markus Thielen. , founder of 10X Research.
“Last night we sold all of our tech stocks (at the open) as the Nasdaq is trading very poorly and reacting to higher bond yields. We only have a few high conviction cryptocurrencies. “In general, we are bearish risk assets (stocks + cryptocurrencies).” Thielen added.
"Most of this bitcoin rally in 2023/2024 is driven by expectations that interest rates would be lowered, and this narrative is being seriously challenged now," Thielen noted, adding that inflows into exchange-traded funds stock market (ETF) have dried up.
The five-day average of net inflows into spot ETFs has fallen to zero.
"After an initial splash over the novelty, ETF flows tend to dry up unless prices continue to rise, which hasn't happened since early March. With drawdowns of between two and 17%, those investors could remain in the market. margin," Thielen explained.
#bitcoinhalving #BullorBear #BTC #Bitcoin #BitcoinPrice2024 $BTC
Markus Thielen, founder of 10x Research, has reduced his portfolio risk in the wake of rising Treasury yields.
The analyst who predicted bitcoin's (BTC) bottom in November 2022 and recent pre-halving surge to record levels has turned bearish on risk assets including tech stocks and cryptocurrencies.
“Our growing concern is that risk assets (stocks and cryptocurrencies) are on the verge of a significant price correction. The main trigger is unexpected and persistent inflation. “With the bond market now projecting fewer than three cuts and 10-year Treasury yields above 4.50%, we may have reached a crucial inflection point for risk assets,” said Markus Thielen. , founder of 10X Research.
“Last night we sold all of our tech stocks (at the open) as the Nasdaq is trading very poorly and reacting to higher bond yields. We only have a few high conviction cryptocurrencies. “In general, we are bearish risk assets (stocks + cryptocurrencies).” Thielen added.
"Most of this bitcoin rally in 2023/2024 is driven by expectations that interest rates would be lowered, and this narrative is being seriously challenged now," Thielen noted, adding that inflows into exchange-traded funds stock market (ETF) have dried up.
The five-day average of net inflows into spot ETFs has fallen to zero.
"After an initial splash over the novelty, ETF flows tend to dry up unless prices continue to rise, which hasn't happened since early March. With drawdowns of between two and 17%, those investors could remain in the market. margin," Thielen explained.
#bitcoinhalving #BullorBear #BTC #Bitcoin #BitcoinPrice2024 $BTC
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Railgun price rises more than 132% immediately after Vitalik Buterin's support
Railgun recorded a digital triple percentage gain after a post by Vitalik Buterin on X.com pointed out its privacy benefits.
The token gained more than 132% following the Ethereum co-founder's comments. Railgun, whose ticker is RAIL, is changing hands at $1.31.
"Privacy is normal. Railgun uses the privacy pools protocol, which makes it much more difficult for bad actors to join the pool without compromising user privacy," Buterin posted on X.com.
According to Arkham Intelligence, Buterin appears to have backed up his words with actions, transferring a substantial amount of ether to Railgun on Monday. The data showed that his vitalik.eth address transferred 100 ETH, approximately $325,000 at 09:42 UTC.
On-chain data from Arkham Intelligence showed that for the past six months, Buterin has been interacting with Railgun using small amounts of Aether almost every month.
#Vitalik #VitalikButerin #Railgul #RAILGUN #RAIL
Railgun recorded a digital triple percentage gain after a post by Vitalik Buterin on X.com pointed out its privacy benefits.
The token gained more than 132% following the Ethereum co-founder's comments. Railgun, whose ticker is RAIL, is changing hands at $1.31.
"Privacy is normal. Railgun uses the privacy pools protocol, which makes it much more difficult for bad actors to join the pool without compromising user privacy," Buterin posted on X.com.
According to Arkham Intelligence, Buterin appears to have backed up his words with actions, transferring a substantial amount of ether to Railgun on Monday. The data showed that his vitalik.eth address transferred 100 ETH, approximately $325,000 at 09:42 UTC.
On-chain data from Arkham Intelligence showed that for the past six months, Buterin has been interacting with Railgun using small amounts of Aether almost every month.
#Vitalik #VitalikButerin #Railgul #RAILGUN #RAIL
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German banking giant LBBW to implement cryptocurrency custody services in the second half of 2024
Germany's largest state-backed lender, Landesbank Baden-Württemberg (LBBW), will offer cryptocurrency custody services through a partnership with Austrian exchange platform Bitpanda.
The two companies have entered into a strategic partnership, which would provide LBBW with an “investment-as-a-service” infrastructure to “store and acquire cryptocurrencies,” including bitcoin ( $BTC ) and ethereum ( $ETH ).
"By offering custody of cryptoassets, we position ourselves with clear added value for our corporate clients, while guaranteeing the highest security standards," said Stefanie Münz, member of the LBBW board of directors responsible for finance, strategy and operations. a press release. "Bitpanda provides the necessary technical and regulatory infrastructure to offer our clients innovative and, above all, secure solutions in the area of digital assets."
#HotTrens #BTC🔥🔥🔥🔥🔥🔥 #ETH🔥🔥🔥 #BTC #ETH
Germany's largest state-backed lender, Landesbank Baden-Württemberg (LBBW), will offer cryptocurrency custody services through a partnership with Austrian exchange platform Bitpanda.
The two companies have entered into a strategic partnership, which would provide LBBW with an “investment-as-a-service” infrastructure to “store and acquire cryptocurrencies,” including bitcoin ( $BTC ) and ethereum ( $ETH ).
"By offering custody of cryptoassets, we position ourselves with clear added value for our corporate clients, while guaranteeing the highest security standards," said Stefanie Münz, member of the LBBW board of directors responsible for finance, strategy and operations. a press release. "Bitpanda provides the necessary technical and regulatory infrastructure to offer our clients innovative and, above all, secure solutions in the area of digital assets."
#HotTrens #BTC🔥🔥🔥🔥🔥🔥 #ETH🔥🔥🔥 #BTC #ETH
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