Key crypto venture investors spend $12 million in Shiba Inu’s blockchain initiative. This investment strengthens the Shiba Inu crypto ecosystem, which includes the SHIB token, by developing its layer 3 blockchain.
Polygon Ventures, Mechanism Capital, and Animoca Brands contributed to a TREAT token pre-sale. These investments show faith in the project’s crypto innovation potential.
Fully Homomorphic Encryption will enable computations on encrypted data making the forthcoming blockchain secure and private.
It plans to build a testnet in late 2024 and a mainnet after comprehensive testing to prove its reliability and effectiveness.
Possibly worth $200 million, the project’s fundraising phases demonstrate its expanding market importance and Shiba Inu’s expansion. This blockchain endeavor boosts its digital currency market skills and position.

Grayscale launches the “Grayscale Bitcoin Mini Trust,” a cheaper Bitcoin trust with a 0.15% charge. This launch attempts to strengthen its status amid market instability and the Bitcoin halving event.
After a week of net outflows, U.S. spot Bitcoin ETFs had positive inflows on Monday, April 22, 2024. Furthermore, these ETFs received $62 million in inflows that day, according to SoSoValue.
The Fidelity Wise Origin Bitcoin Fund (FBTC) led with $34.83 million inflow, while other funds performed well. Even while other stocks were up, the Grayscale Bitcoin Trust ETF (GBTC) lost $35 million. Overall, spot Bitcoin ETFs had a net positive inflow, showing investor confidence is recovering.
As of April 23, 2024, BlackRock’s iShares Bitcoin Trust ETF (IBIT) has a 69-day net inflow run, entering the top 10 for ETFs. IBIT received $223.4 million daily in April, peaking at $849 million.
FBTC hasn’t equaled IBIT’s performance, but it still has favorable tendencies, with an average April inflow of $118 million despite days without inflows.
To address unfavorable trends, Grayscale launched its low-cost Bitcoin Mini Trust, which drastically lowers its primary fund costs.
This will let Grayscale compete with BlackRock and Fidelity’s cheaper products. Grayscale launched the Bitcoin Mini Trust to reclaim market dominance and attract new investment amid fierce Bitcoin ETF competition.

PayPal‘s Blockchain Research Group proposes giving sustainable energy miners more Bitcoin to decrease Bitcoin mining’s environmental effect.
The concept targets Bitcoin’s energy-intensive proof-of-work technology. Set aside more Bitcoin incentives for “green miners” that use renewable energy and have unique cryptographic hashes called “green keys.”
The green miners’ multi-sig wallet would contain extra Bitcoin only accessible with green keys. These transactions would have cheaper costs to attract miners and promote greener Bitcoin mining.
Critics of the plan say many miners are already switching to greener techniques without incentives and worry about non-green miners processing these transactions if low fees are not discouraged. Smart contracts and the Lightning Network demand more confidence.

Hong Kong has granted approval for its inaugural Bitcoin exchange-traded fund (ETF), representing a notable milestone in the realm of crypto.
The Bitcoin ETF, overseen by China Asset Management (Hong Kong) in partnership with OSL Digital Securities and BOC International Prudential Trusteeship, provides investors with a direct opportunity to profit from the price of Bitcoin.
Furthermore, this strengthens Hong Kong’s appeal as a prominent center for crypto trading and investment. The program has now encompassed a position in Ether ETF, so broadening investing prospects within the realm of digital assets.
The approval of this ETF by the SFC highlights Hong Kong’s commitment to incorporating digital assets into its financial system, along with the worldwide trend of embracing crypto in regulated investing settings.
The launch is anticipated to create a market demand of up to $25 billion, making it easier for Chinese traders to invest in digital assets.
This advancement has the potential to impact other markets and establish a standard for incorporating digital assets into regulated financial institutions on a global scale.

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Ripple, the company behind XRP tokens, plans to sell 100 million tokens on Sunday in response to the recent escalation of the Iran-Israel conflict and a significant decline in the crypto market.
The corporation, which regularly engages in monthly sell-offs, has been exerting a substantial influence on the price of the asset.
In April, Ripple released 1 billion XRP and sent 200 million tokens to its Treasury account, designated as ‘Ripple (1)’. Nevertheless, the anticipated decrease in sales for this month was delayed, resulting in 50% of the reserves being withdrawn from the account, which is believed to have a value of $50 million.
The 100 million XRP tokens remained unused in the ‘rP4X2…sKxv3’ account, which transfers cash to recognized addresses of cryptocurrency exchanges. Traditionally, the value of XRP has declined in the past when Ripple sold its tokens from the monthly reserves account.
This pattern implies a correlation and a substantial influence on the asset, with the evidence suggesting that if Ripple engages in selling, there is a likelihood of a decrease in XRP’s exchange rate.
Concerns have arisen among XRP investors regarding the recent transfer of 100 million Ripple tokens, as they fear it may contribute to the underperformance of XRP.
The Iran-Israel dispute has exerted geopolitical tensions that have negatively affected the entire market, resulting in a decline in the value of the cryptocurrency, which is presently trading at $0.485.

Solana (SOL) had a substantial decline in value throughout the market downturn, with its worth plummeting by more than 24% within the past week.
The token’s market valuation exceeds $63 billion. Currently, Solana’s trade price is $142.9, and its market capitalization exceeds $63 billion.
Although there was a decrease, the trade volume experienced a significant increase of more than 70%. Crypto experts’s analysis found that the price volatility of SOL over one week experienced a significant increase, while the prevailing attitude in the market remained pessimistic.
Nevertheless, the social volume of crypto remained elevated, indicating its widespread appeal within the crypto community.
With the token’s value falling below a crucial support level, Crypto Tony, a renowned crypto expert, indicated that investors could expect additional price declines.
According to the analysis, SOL’s liquidation will have a significant rise in proximity to $130, potentially serving as a support level. If the token does not pass this test, its price might potentially decrease to $120 before seeing a surge in bullish momentum.

The price of Bitcoin (BTC) had a significant decline over the weekend, triggered by a series of liquidations, causing BTC to drop below $65,300.
Altcoins had more unfavorable conditions, as a significant number of the top twenty cryptocurrencies witnessed a decline of over 15%.
As a result, altcoins lost their part of the cryptocurrency market to Bitcoin, making the recent highs the most dominated by Bitcoin since April 2021.
Bagsy, a renowned trader and social media commenter, acknowledged the chart’s remarkable nature, given the constant influx of new altcoins entering the market daily.
Daan Crypto Trades saw a significant disparity in drawdown between Bitcoin and altcoins in recent days. It was noted that the altcoin sector suffered the most severe losses, resulting in the elimination of billions in open interest and creating price fluctuations of up to 50%.
Altcoins have not experienced such conditions for a significant duration in 2024. Mikybull Crypto forecasted an imminent shift, with the market capitalization of altcoins mirroring the pattern of the previous season for alternative cryptocurrencies.

Tether has augmented its Bitcoin holdings by acquiring an extra 8,889 bitcoins, which are now worth at $627 million. This acquisition has resulted in a total reserve of 75,354 BTC for Tether.
The initiative started in September 2022 with the objective of expanding Tether’s portfolio to include assets other than conventional ones such as cash and Treasury bonds.
CEO Paolo Ardoino clarifies that Tether is allocating a portion of its income, up to 15%, from stablecoin reserves to invest in Bitcoin.
This decision is based on Bitcoin’s scarcity and widespread use. The implementation of this strategic maneuver has led to substantial increases in profits, ultimately leading to a remarkable achievement of a net profit of $2.85 billion in the last quarter of 2023.
Tether now holds the sixth-largest amount of Bitcoin, positioned closely behind prominent entities like as Fidelity’s FBTC and MicroStrategy. Nine recently launched spot ETFs now hold a combined total of 501,000 BTC, securing the top position in the market.

Bitcoin’s volatility has exceeded that of Ether, hitting over 60% in the 30-day annualized historical volatility. This is a result of the influx of investments into Bitcoin exchange-traded funds (ETFs) and the expectation around Bitcoin’s upcoming halving event.
Bitcoin, often seen as a reliable digital money, has encountered unforeseen volatility, which has posed a challenge to its function as a stabilizing force in the market.
The approval of several Bitcoin ETFs by the SEC has led to heightened volatility, in contrast to the Ether market’s lack of excitement about the approval of an ETH ETF. The volatility of Bitcoin is further exacerbated by its approaching halving event, which entails a reduction of miner earnings by 50%.
Nevertheless, Bitcoin‘s exceptional success leading up to this event, exceeding prior highs, adds fascination to the future trajectory of the market.
Amberdata cautions of possible market corrections after the halving event, indicating a “sell-the-news” situation that may lead to substantial market fluctuations, liquidation of futures contracts, and changes in market volatility.
The options market also demonstrates the expectation for the halves, since a significant contango suggests a rise in volatility during the event. This underscores the fluidity of the bitcoin market, influenced by governmental measures, investor conduct, and noteworthy occurrences like as the halving.

The native crypto of Solana, SOL, has had a 6.25% surge in value over the last three days, rising from about $180 to beyond $210.
Although it has not surpassed its previous low of $162.74, the cryptocurrency, which is presently ranked 5th in the crypto market and has a total supply of 441 million, along with a market value over $88 billion, continues to demonstrate relentless momentum.
The price is presently above the 100-day moving average on the 4-hour chart of the SOL/USD pair. If the price maintains its upward trajectory, there is a possibility that it may surpass its significant resistance level of $210 and establish a new peak for the year.
The RSI (Relative Strength Index) shows that the price of SOL is now in a bullish zone, meaning that it is likely to continue rising.
Additionally, the MACD (Market Capture) indicator reveals that buyers have gained control of the market and are driving the price up with strong momentum.

With the approaching Bitcoin halving in April 2024, the crypto market is actively engaging in talks about the future direction of Bitcoin’s price.
Crypto researcher Michaël van de Poppe forecasts a substantial increase in Bitcoin’s price, ranging from $75,000 to $80,000, leading up to the event.
This forecast is derived from the ongoing consolidation phase of Bitcoin, suggesting a gradual accumulation up to a test of its previous peak, followed by a possible decline.
The Bitcoin halving, set to take place in April 2024, is a significant event that has a historical impact on the market dynamics of Bitcoin. The occurrence, which happens about every four years, is expected to cause shortages, leading to increased demand and perhaps higher prices compared to previous trends.
Additional experts, like Jelle and Doctor Profit, have also expressed positive perspectives on the possible price trajectory of Bitcoin.
Jelle predicts that Bitcoin is on the verge of a huge surge, maybe surpassing the $100,000 threshold earlier than anticipated.
Doctor Profit characterizes this movement as an accumulation phase, which will trigger a rapid increase over the $80,000 threshold, with the goal of reaching $100,000.
Bitcoin has seen a decrease of around 2% throughout the last 24 hours, resulting in a current market price that is below $69,500.

The launch of meme coins based on Solana in 2024 has seen several very promising launches, many of which have experienced returns above 1,000%.
The most recent launch, $SLOTH token, became available on March 26 without a presale, providing investors with an opportunity to become early investors and achieve the greatest profits.
The platform employs a similar strategy as prior meme currencies based on Solana, such as SLERF, BEFE, BOME, and $SLOTH, offering a smooth introduction and significant potential for profit.

Slothana participated in the presale during the last week of March, 25 days before the Bitcoin halving event. This event is anticipated to trigger the largest crypto market surge in history.
The excitement around Slothana is increasing rapidly, and the platform has the potential to replicate the achievements of its predecessors.
The predetermined presale price of 1 $SOL  for 10,000 $SLOTH guarantees equitable opportunities for early investors to achieve substantial profits upon the platform’s launch.
The Solana meme coin market is seeing rapid growth in the crypto industry in 2024, and the excitement around it is increasing dramatically.
Significant profits are anticipated after the next Bitcoin halving event, as historical data indicates a subsequent period of 12 to 18 months characterized by upward price trends.

The United States and United Kingdom are conducting investigations into crypto transactions totaling over $20 billion that are connected to the Russian exchange Garantex.
This underscores the worldwide difficulty of implementing sanctions in light of the ongoing conflict in Ukraine. The inquiry focuses on Tether (USDT) transactions conducted via Garantex, a company that was subjected to sanctions in 2022.
The investigation is prompted by suspicions that Garantex may have facilitated illegal financial activity in Russia. Russia has successfully evaded financial sanctions via the use of cryptocurrencies such as Tether, despite the global community’s attempts to prevent this.
This situation underscores the challenge of monitoring the origins and intentions of cryptocurrencies, which are inherently private.
Garantex was implicated in over $100 million of unlawful transactions by the US Treasury after moving its operations from Estonia to Moscow.
The dual function of Tether in the cryptocurrency market is now being examined, as its user-friendly nature makes it both a valuable asset and a potential target for abuse.

Sam Bankman-Fried or SBF, the ex-CEO of FTX, has received a 25-year jail term for his involvement in the downfall of the crypto exchange.
Judge Lewis Kaplan rebuked the defense’s claims, highlighting Bankman-Fried’s obstruction of justice and interfering with witnesses as crucial elements in determining his punishment.
Bankman-Fried acknowledged remorse for his “selfish” choices and said that his errors continue to trouble him on a daily basis.
The defense attorneys had petitioned for a reduced term of 6½ years, however, Judge Kaplan favored the prosecution’ stance and opted for a more severe punishment.
The victims’ testimonials exposed profound financial and emotional suffering, and his 25-year sentence is one of the lengthiest for recent white-collar offenses.
FTX, formerly valued at more than $30 billion, had a collapse in 2022 with the discovery of a $8 billion misappropriation of client cash.
SBF’s defense contended that he was only “borrowing” monies for his investment business, nonetheless, the jury rendered a verdict of guilty on all charges. Critics and experts deemed Bankman-Fried’s defense weak, and his testimony failed to elicit compassion.
Two months ago, the parents of former FTX CEO Sam Bankman-Fried (SBF) have categorically denied any involvement in fraud or mismanagement within the FTX organization

A Bitcoin whale has transferred more than $6 billion worth of BTC to three newly created addresses, arousing interest among the crypto community.
The transaction, first reported by the blockchain research site Arkham Intelligence, consisted of $5.03 billion worth of BTC being sent to one address (bc1q8yj), followed by $561.46 million and $488.40 million for the other two addresses (bc1q6m5 and bc1q592).
The wallet responsible for transferring the $6 billion worth of BTC was ranked as the sixth wealthiest Bitcoin address, with over 94,500 BTC. The transaction did not involve exchanging funds between wallets that are connected to each other, which decreases conjecture about the intentions of the large investor.

Meanwhile, BlackRock’s Bitcoin wallet has been rapidly accumulating Bitcoin as a result of the high demand for its iShares Bitcoin Trust (IBIT).
Although the ETF was introduced in mid-January 2024, BlackRock now has 243,126 BTC for the fund. As a result, BlackRock has become one of the major institutional investors of Bitcoin (BTC), ranking only behind centralized exchanges such as Binance, Bitfinex, Coinbase, and fellow Bitcoin ETF issuer Grayscale.
The continuous and strong demand for the IBIT ETF has the potential to exceed these entities, leading to a favorable influence on the price of Bitcoin.
Currently, Bitcoin’s market price is over $65,500, reflecting an increase in value over the last 24 hours as reported by CoinMarketCap.

Mantle (MNT) is a blockchain operating at Layer 2 (L2) that has had a significant increase of 40% during the last 24 hours, hitting its highest value ever at $1.49.
Mantle Network functions as a scaling solution for Ethereum Virtual Machine (EVM) that is compatible with Optimistic rollups, enabling speedy and economical transactions.
The modular architecture of the system integrates Optimistic rollups with a distinct data availability layer, resulting in decreased transaction costs and enhanced network efficiency.

The current increase in MNT may be ascribed to the implementation of MNT staking, which entails users contributing to the security and functioning of the network.
The Mantle Rewards Station is a crucial component of this staking program as it provides incentives to those who stake MNT in the Mantle Ecosystem. The staking process starts with the Ethena event, during which users are granted mShards tokens, which have intrinsic value inside the Mantle decentralized finance (DeFi) ecosystem.
Users may trade these tokens inside the Mantle decentralized application (dApp) ecosystem, enabling them to capitalize on possible market development opportunities and enhance liquidity within the network.
Just 4 months ago, HackQuest rolled out Mantle Learn as a part of our strategic alliance with Mantle Network.

With the approaching Bitcoin halving in April 2024, the crypto market is actively engaging in talks about the future direction of Bitcoin’s price.
Crypto researcher Michaël van de Poppe forecasts a substantial increase in Bitcoin’s price, ranging from $75,000 to $80,000, leading up to the event.
This forecast is derived from the ongoing consolidation phase of Bitcoin, suggesting a gradual accumulation up to a test of its previous peak, followed by a possible decline.
The Bitcoin halving, set to take place in April 2024, is a significant event that has a historical impact on the market dynamics of Bitcoin. The occurrence, which happens about every four years, is expected to cause shortages, leading to increased demand and perhaps higher prices compared to previous trends.
Additional experts, like Jelle and Doctor Profit, have also expressed positive perspectives on the possible price trajectory of Bitcoin.
Jelle predicts that Bitcoin is on the verge of a huge surge, maybe surpassing the $100,000 threshold earlier than anticipated.
Doctor Profit characterizes this movement as an accumulation phase, which will trigger a rapid increase over the $80,000 threshold, with the goal of reaching $100,000.
Bitcoin has seen a decrease of around 2% throughout the last 24 hours, resulting in a current market price that is below $69,500.

Iceland’s Prime Minister, Katrín Jakobsdóttir, has announced plans to reduce crypto mining due to its high energy use, surpassing that of Icelandic homes.
This aligns with a Bloomberg report highlighting the rise in demand for old Bitcoin mining equipment in places with cheaper electricity, particularly from the US.
Iceland is known for its abundant hydro and geothermal energy, making it a prime spot for Bitcoin mining and the top energy producer per capita globally. However, Jakobsdóttir aims to shift this energy towards boosting food production and supplying power to homes and industries.
The future of Iceland’s crypto mining sector appears bleak, with no significant plans for new power plants. The upcoming Bitcoin halving has led to a spike in interest in older mining rigs, particularly in Africa and South America, seeking affordable power.
This trend indicates a shift from early mining dominions to newer regions like South America and Africa, with Ethiopia attracting Chinese miners despite political risks.
Nine months ago, Bitcoin mining company Marathon Digital reported a 21% decrease in Bitcoin mined in June, citing harsh weather conditions in Texas and a significant fall in transaction fees as contributing factors.

BlackRock and Fidelity Investments have reached a significant achievement with their Bitcoin ETFs, IBIT and FBTC, becoming the leading options in their investment portfolio in less than 50 days.
Despite overseeing a diverse portfolio of 420 ETFs, IBIT was responsible for more than 50% of BlackRock’s yearly net inflows. In the same way, FBTC had the highest amount of money coming into Fidelity, garnering five times more capital than any other fund.
The consistent influx of funds into these Bitcoin ETFs over a period of 49 days highlights their remarkable performance, placing them in a select group of ETFs that have achieved such a consecutive run.
This pattern indicates a significant level of investor enthusiasm and confidence in Bitcoin as a valued asset. Although Bitcoin prices declined, these ETFs had a substantial surge in investments, contradicting the idea of widespread withdrawals during difficult periods.
Historical data also shows that ETF investors have shown strategic patience, as seen by strong inflows during previous market downturns.
Recently, BlackRock has shown moderate interest in Ethereum from its clients, with Bitcoin being the predominant preference.