Overview

The cryptocurrency market is buzzing with activity today, as investors and enthusiasts keep a close eye on the latest developments. From Bitcoin’s halving event to emerging narratives, let’s dive into the key highlights shaping the decentralized finance landscape.

Bitcoin and Ethereum News

Bitcoin, the pioneer of cryptocurrencies, recently completed its halving process. This significant event, which occurs roughly every four years, reduces the rate of new token creation. As a result, Bitcoin’s value experienced a slight dip, settling at $99,340. The halving makes it more expensive for miners to introduce new bitcoins into circulation. While some view this as a bullish sign, skeptics remain cautious, considering it merely a technical adjustment1.

Ethereum, on the other hand, maintains its position as the second-largest cryptocurrency. Its price hovers around $3,215.46, with a 24-hour gain of 1.4%. Ethereum’s versatility and robust smart contract capabilities continue to attract attention from developers and investors alike2.

Crypto Narratives in Focus

Several crypto narratives are gaining traction in 2024:

Liquid Restaking Tokens: Investors are exploring staking derivatives and liquid staking solutions, enhancing yield opportunities.

Blockchain Modularity: The focus on modular blockchains allows for scalability and interoperability, driving innovation.

Layer 1s and Layer 2s: Optimistic rollups and zero-knowledge rollups are improving scalability and transaction efficiency.

DePIN and DeSci: Decentralized Physical Infrastructure Networks and Decentralized Science are emerging narratives with promising applications.

GambleFi: The fusion of decentralized finance (DeFi) and gaming is captivating users and investors.

Bitcoin Price Today

As of now, Bitcoin trades at $65,996.93, showing a 24-hour gain of 1.7%. Its market cap stands at $1.3 trillion, reinforcing its status as the digital gold2.

Global Crypto Market Snapshot

The overall crypto market cap is $2.55 trillion, with a 24-hour trading volume of $78.4 billion. Solana (SOL) stands out, with a recent surge and a market cap of $68.6 billion. Meanwhile, TON (Toncoin) has gained attention, projecting a 12.7% increase in the coming month2.

Top 3 Crypto Gainers and Losers

Here’s a snapshot of today’s movers and shakers among the top 100 market cap coins:

Gainers Losers Aleph.im (ALEPH) Shiba Inu (SHIB) Solama (SOL) Fantom (FTM) Popcat (POP) Avalanche (AVAX)

Keep an eye on these tokens as the crypto market continues its dynamic journey2.

In summary, the crypto landscape remains vibrant, fueled by narratives, technological advancements, and investor enthusiasm. Stay informed, and remember to critically evaluate narratives before making investment decisions.

The post Crypto Market Update: Insights and Trends for April 23, 2024 appeared first on Cryptopress.

On April 24, 2024, an event of significant convergence between the worlds of cryptocurrencies and boxing will take place — the listing of the inaugural Ready to Fight (RTF) boxing token on the world’s leading crypto exchanges, including WhiteBIT. The sale is set to commence at 10:30 UTC.

Ready To Fight is an innovative SocialFi project that combines social networks and decentralized finance, enabling creators to monetize their content! It is the first social network for the 50 million-strong global boxing community, founded by Oleksandr Usyk and Sergey Lapin. The project’s strategic partners are the World Boxing Council (WBC), the Saudi Arabian Boxing Federation, and Riyadh Season. The project’s ambassadors include such prominent world athletes as Mike Tyson, Amir Khan, and Ebani Bridges. Ready To Fight brings together boxers, trainers, agents, managers, and fans by integrating boxing with the power of Web3.0.

The RTF ecosystem includes over 20 unique services:

Subring: SocialFi platform that uses the friend.tech model to engage and interact with users. Supported by tokens, this model allows creators to profit from their content or knowledge.

Cyber Ring: a game that integrates boxing with blockchain technologies, offering seasonal gameplay with NFT rewards.

Questing Platform: an interactive system with rewards for completing tasks.

Web3 Wallet: an application that supports all major blockchain networks.

$RTF token: the first boxing token and the key component that drives the platform. 

The $RTF token will be listed on WhiteBIT and other major crypto exchanges on April 24, 10:30 (UTC).

WhiteBIT users will enjoy the following benefits. The first tokens will be credited to investors, ambassadors, and active users of RTF 15 minutes after the start of sales on April 24, followed by a cliff period and accrual, the terms of which will be specified. Also, from April 22 to May 17, RTF and WhiteBIT will hold a Bounty campaign, the details of which will be published soon on the social media of the exchange.

Thus, Oleksandr Usyk’s RTF project opens up new opportunities of blockchain technology for boxing fans around the world.

WhiteBIT is one of the largest European centralized crypto exchanges founded in 2018. The exchange offers 350+ trading pairs, 270+ digital assets, and 10 state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.

The post On April 24, the $RTF Token from Oleksandr Usyk’s READY TO FIGHT Project Will be Listed on WhiteBIT appeared first on Cryptopress.

NAGA’s EGM on April 12th approves the merger with CAPEX.com with a strong confidence vote.

New CEO Octavian Patrascu presented his vision and direction towards innovation and the expansion of NAGA’s ecosystem, aiming to make financial services more accessible and efficient for investors worldwide.

The Executive Board has been buying back shares from the market.

The NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the All-in-One Financial Super-App NAGA, is pleased to announce that the Extraordinary General Meeting of the Shareholders which took place on April 12th has given the green light for the merger with CAPEX.com with a vote of 99.81%.

During the EGM, the newly appointed CEO of NAGA AG, Octavian Patrascu, put forward the vision for the “New NAGA”, which boasts a new regulatory framework of 9 licenses (with 2 additional in the process of approval) and 12 offices worldwide, increasing the global reach of the Group and ability to service over 100 countries. Vouching to sustain the company’s mission to democratize access to financial markets, Patrascu presented the roadmap for the company’s product and the expected seamless integration of all 4 financial verticals into a unified ecosystem for the user, the NAGA SuperApp.

Key highlights from his presentation include:

Market Expansion: Detailed plans to propel NAGA into new and untapped markets, broadening the company’s global footprint and harnessing new customer segments. This move is expected to significantly boost the company’s market share and strengthen its position in the competitive financial technology landscape.

Product and App Enhancements: Recognizing the pivotal role of technology in financial services, he announced major upgrades to the NAGA app, focusing on improving user experience. The product development roadmap includes improving the community-based ecosystem, AI integrations and unique features empowering the users to become creators of their own financial instruments.

NAGA SuperApp: Introduced plans to unify all existing NAGA services into a single, integrated platform – the NAGA SuperApp, creating a unified ecosystem, offering users a complete range of services ranging from trading and investing to crypto, neo-banking and personal finance management.

Merger with CAPEX.com: Pending regulatory approval and the entry of the general meeting resolutions in the commercial register, the strategic merger is designed to boost NAGA’s financial efficiency, capitalizing on the synergies between the two companies (internal evaluation shows that these can exceed $10 million per year). NAGA will additionally benefit from Capex’s skilled management which has a proven track record, with a core team that has been working beside Octavian Patrascu for over 15 years. Additionally, joint strategies are expected to improve marketing efficiency, reducing client acquisition costs, and boosting brand reach and recognition.

Octavian Patrascu commented on the strong confidence vote: “This EGM was a first for me as the CEO of NAGA Group and I’m excited that it resulted in the approval of the merger and the new proposed Supervisory Board, with such a significant voting majority. Securing this vote will allow us, after the regulatory approvals for the merger, to execute the new business plan. We are expanding the global reach of NAGA and upgrading the SuperApp to offer a true all-in-one user experience, unique in the world of Fintech.”

After the merger approval, Patrascu is positioned to become NAGA’s majority shareholder, with a personal financial investment in the deal. He brings to NAGA over 15 years of experience in founding and leading companies to achieve global prominence.

Being the Founder and CEO of CAPEX.com, he orchestrated its expansion to a global presence with six licenses, turning it into a multinational powerhouse with hundreds of employees and offices across four continents. With 3 major exits from high-profile ventures such as Trade.com, Markets.com, and Vector Watch, his track record demonstrates a consistent ability to identify growth opportunities, navigate complex market dynamics, and deliver exceptional outcomes.

The “New NAGA” is set to benefit from an expanded userbase of over 1.6 million registered users to date and a roadmap to achieve over 5 million registered users by 2025/26. Leveraging NAGA’s technological ecosystem on the existing clients of Capex and respectively using Capex’s international operational and licensing infrastructure to optimize NAGA’s client base will drive an improved Client lifetime value and overall profitability. After the merger, NAGA will be able to draw from the broader talent pool and local presence offered by the 9 local CAPEX offices.

About NAGA

NAGA is a leading German Fintech Company offering a SuperApp with the aim to merge social trading, investing in stocks, crypto, and neo banking into one unified platform, powered by its proprietary advanced technology. Operating in over 100 countries with 9 local offices, NAGA offers a diverse range of services for both fiat and cryptocurrencies. The platform features a physical VISA card with fiat and automatic crypto conversion plus cashback, dynamic social feeds, and advanced autocopy functions, enabling users to replicate the strategies of successful traders. Designed for a global community, NAGA provides an inclusive and efficient financial ecosystem for personal finance and trading.

Language: English Company: The NAGA Group AGHohe Bleichen 1220354 HamburgGermany E-mail: info@naga.com Internet: www.naga.com ISIN: DE000A161NR7 WKN: A161NR Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange

Contacts

Andreas LueckeThe NAGA Group AGpress@naga.comwww.naga.com

The post NAGA’s Shareholders Approve the Merger With CAPEX.com With a Positive Vote of 99.81% appeared first on Cryptopress.

Overview

The cryptocurrency market is buzzing with activity, and today, we dive into the latest developments that are shaping the landscape. Whether you’re a seasoned investor or just dipping your toes into the crypto waters, here’s what you need to know.

State of the Crypto Market

The total cryptocurrency market cap currently stands at a staggering $1.34 trillion. Trading volumes have reached $56.8 billion in the last 24 hours, reflecting the market’s robust activity1. But what’s driving this frenzy? Let’s break it down.

Bitcoin and Ethereum: The Titans

Bitcoin (BTC) remains the undisputed king, with a market cap exceeding $1.26 trillion. Its recent surge has been fueled by institutional interest and growing adoption. Meanwhile, Ethereum (ETH) is making waves with its successful transition to proof-of-stake (PoS) through the Ethereum Merge, significantly reducing energy consumption2. These two giants continue to dominate the crypto narrative.

Crypto Narratives Pumping the Most

Several narratives are driving the market. Here are the ones to watch:

Non-Fungible Tokens (NFTs): NFTs have exploded, with a 91% year-to-date performance. These unique digital assets are revolutionizing art, gaming, and collectibles.

Oracles: Vital for decentralized finance (DeFi), oracles provide real-world data to smart contracts. Their 11% YTD growth underscores their importance.

DeFi 2.0: The next phase of DeFi promises enhanced scalability, interoperability, and composability. Keep an eye on projects pushing these boundaries3.

Bitcoin Price Today

Bitcoin is trading at $64,224.95, maintaining its bullish momentum. This digital gold continues to attract investors seeking a hedge against economic uncertainty1.

Global Crypto Market Today

The broader market is thriving. XRP, Dogecoin, and Litecoin are among the top gainers, while Cosmos Hub and Fetch.ai are also making waves. Keep an eye on these tokens as they ride the crypto wave1.

Top 3 Crypto Gainers and Losers

Let’s peek at the movers and shakers among the top 100 market cap coins:

Gainers Losers Xenios (+24.7%) eCash (XEC) (-0.9%) Decentralized Social (+28.9%) Bitcoin Gold (BTG) (-0.6%) Sora (+14.5%) MX (MX) (0.0%)

Remember, crypto markets are volatile, so buckle up and stay informed.

The post Crypto Market Update: Key Trends and Insights for April 22, 2024 appeared first on Cryptopress.

Summary:

Bitcoin network fees increase significantly as Runes launch and halving event nears.

Runes protocol set to launch at Bitcoin block height 840,000, coinciding with halving.

Transaction fees on the Bitcoin network quadruple in the past week.

Runes expected to introduce new fungible token standard, leading to a scramble for minting.

Bitcoin halving event to occur on April 20, cutting miner rewards in half.

Bitcoin Network Fees Soar as Runes Launch Nears and Halving Approaches

The Bitcoin community is buzzing with anticipation as the Bitcoin halving event and the launch of Runes near, leading to a significant surge in transaction fees. As of April 19, 2024, the average fee on the Bitcoin network jumped to $19.48, an indication of the heightened on-chain activity.

The Runes protocol, a new standard for creating fungible tokens on the Bitcoin blockchain, is set to launch at Bitcoin block height 840,000, which coincides with the upcoming Bitcoin halving scheduled for April 20, 2024. This launch is expected to introduce a new era in decentralized finance (DeFi), as it allows for the creation of tokens that can be traded and used for various purposes on the Bitcoin network.

As the excitement builds, transaction fees have quadrupled in the past week, with average fees reaching $16 from $4. This spike in fees is attributed to the rush for users to secure their transactions and ensure they are included in the upcoming Runes launch. The launch is anticipated to create a scramble for minting the initial tokens, which may lead to a race among buyers to snap up these new tokens first.

Moreover, the Bitcoin halving event, where the block reward for miners is reduced by half, is expected to have a significant impact on the network’s economic dynamics. As miner rewards decrease, transaction fees become more critical in ensuring the network’s security and incentivizing miners to continue their work. The halving event is also expected to have a bullish effect on Bitcoin’s price, as the reduced supply of newly minted BTC could lead to an increase in demand.

The Runes protocol and the upcoming halving are set to bring unprecedented changes to the Bitcoin ecosystem, with transaction fees soaring and a new era of DeFi on the horizon. As the community eagerly awaits these developments, it remains to be seen how the market will react to the launch of Runes and the halving, and what implications these events will have on the broader crypto landscape.

In conclusion, the Bitcoin network is experiencing a surge in fees as the Runes launch and halving event near. With the Runes protocol set to introduce a new standard for fungible tokens on the Bitcoin blockchain, and the halving expected to reduce miner rewards, the coming days are crucial for the Bitcoin community and the broader crypto market.

The post Bitcoin Network Fees Soar as Runes Launch Nears, Bitcoin Halving on the Horizon appeared first on Cryptopress.

Overview

The crypto market is buzzing with activity today, as investors and enthusiasts keep a close eye on the latest developments. From Bitcoin’s halving event to emerging narratives, let’s dive into the key highlights shaping the decentralized finance landscape.

Bitcoin and Ethereum: The Titans

Bitcoin and Ethereum remain at the forefront of the crypto world. Bitcoin, the digital gold, is currently trading at $64,403.82, while Ethereum hovers around $0.49391. These giants continue to influence market sentiment and drive adoption.

Emerging Narratives

Several exciting narratives are gaining traction in 2024:

Liquid Restaking Tokens: Investors are exploring tokens that allow staking without locking up their assets. These liquid staking derivatives offer flexibility and yield.

DePIN: Decentralized Physical Infrastructure Networks are revolutionizing how we interact with the physical world. From smart cities to supply chains, DePIN is a game-changer.

Layer 2 Solutions: Optimistic rollups and zero-knowledge rollups are scaling Ethereum, enhancing transaction speed and reducing fees.

Real World Assets (RWA): The bridge between traditional finance and crypto is strengthening. Tokenized real-world assets, from real estate to art, are gaining prominence.

Bitcoin Price Today

Bitcoin’s recent halving event has investors buzzing. Historically, halvings have led to price increases. While BTC has dipped slightly in the last 24 hours, experts predict a bullish trend in the coming days2.

Global Crypto Market

The total crypto market cap stands at a staggering $1.34 trillion. Despite recent volatility, the market remains resilient. Keep an eye on top gainers and losers for potential opportunities1.

Today’s Top 3 Crypto Gainers and Losers

Gainers Losers MotaCoin eCash AurusX Bitcoin Gold Alephium MX

The post Crypto Market Update: April 19, 2024 appeared first on Cryptopress.

BlastOff, a groundbreaking Idle Yield launchpad and yield aggregator built on Blast, is giving away 100,000 OFF tokens to users who participate in their airdrop. This airdrop offers a unique opportunity to earn rewards from a project poised to revolutionize the DeFi landscape.

What is BlastOff?

BlastOff leverages Blast’s unique infrastructure and native yield potential to offer innovative, yield-focused products. It combines a launchpad and a yield aggregator, allowing users to maximize their returns through Blast Native Yield, YZone, and YIDOs (Yield Initial DEX Offerings). These YIDOs provide extra returns by enabling users to fund promising new Blast projects.

How to Participate in the BlastOff Airdrop

The BlastOff airdrop rewards users who collect OFFxPoints and participate in the Galxe campaign. Here’s a step-by-step guide to claim your share:

Airdrop Steps:

Visit the BlastOff Airdrop Page: Head over to the official BlastOff airdrop page (link to be provided by BlastOff).

Connect Your Blast Wallet: Ensure you have a Blast wallet set up and connect it to the airdrop page.

Stake ETH or USDB: You’ll need ETH and/or USDB on Blast to participate. If you don’t have any, you can purchase ETH from an exchange like Binance and bridge it to Blast L2 using Rhino.fi. Blast’s native stablecoin, USDB, can be obtained by swapping your ETH on Thruster.

Start Earning OFFxPoints: Once you have ETH or USDB on Blast, navigate to “YZone Vaults” and stake your chosen asset. Staking earns you OFFxPoints, with 100 points awarded for every staked ETH.

Boost Your Points with Referrals: Earn an additional 25% of OFFxPoints for every successful referral you make.

Maximize Rewards: 100% of Blast Points and Blast Gold received by BlastOff are also distributed to stakers, further increasing your potential rewards.

Join the Galxe Campaign: BlastOff has partnered with Galxe for an additional airdrop allocation. Participate in the Galxe campaign to increase your chances of receiving OFF tokens.

Factsheet:

Name: Blast Off Airdrop

Web Link: https://blastoff.zone/

Status: Confirmed ()

Confidence: High

Sector: Yield Farming, DeFi Launchpad

Chains: Blast L2

The BlastOff airdrop offers a compelling opportunity to earn rewards from a promising project in the DeFi space. By staking ETH or USDB and participating in the Galxe campaign, you can accumulate OFFxPoints and be eligible for a share of the 100,000 OFF token pool. With BlastOff’s innovative approach to yield generation, this airdrop could be a valuable entry point for users seeking high returns and exposure to the future of DeFi.

The post Blast Off Airdrop appeared first on Cryptopress.

Dubai, April 18, 2024: 

Following a resounding success, VAP Group is thrilled to announce the triumphant conclusion of the inaugural editions of the Global AI Show and the Global Blockchain Show, held on April 16 and 17, 2024, at Grand Hyatt, Dubai. 

Due to the heavy rainfall that hit Dubai on Tuesday this week, most of the other events were canceled; only the Global AI Show and Global Blockchain Show took place. There were thousands of attendees who witnessed these grand events.While the event was seeing great success, VAP Group’s CEO, Vishal Parmar, took this moment to announce a significant milestone for blockchain & AI services by launching Times of AI and Times of Blockchain, two digital media subsidiaries of the VAP Group that will contribute to advancements in artificial intelligence and blockchain. These initiatives are poised to make substantial contributions to the ongoing progress in both of these respective fields.

The Global AI Show emerged as a powerhouse platform, showcasing a convergence of international and regional luminaries in the artificial intelligence and machine learning domains. Attendees were treated to a comprehensive exploration of AI’s transformative potential across key sectors such as healthcare, finance, retail, and oil and gas. With thought-provoking keynote speeches and panel discussions, the event provided invaluable insights into unlocking new possibilities through AI technologies. Notable highlights included Jamie Metzl’s captivating session on the implications of AI, genetics, and biotechnology revolutions, as well as Dr. Divya Chander’s illuminating journey from brain reading to closed-loop brain-machine interface systems.

Meanwhile, the Global Blockchain Show illuminated the dynamic landscape of blockchain technology, drawing together experts from the web3 ecosystem to share their insights and discuss future opportunities. From thought-provoking presentations by visionaries like H.E. Justin Sun, Founder of TRON, to enlightening fireside chats with industry leaders like Dr. Marwan Alzarouni, CEO, Dubai Blockchain Center, attendees were immersed in discussions covering diverse topics ranging from the evolution of the digital ecosystem to the decentralized cloud vision of blockchain platforms like DFINITY.

The interactive presence of Sophia, the world’s first AI-humanoid robot, as the Official Ambassador for both events added a unique dimension, inspiring attendees with the boundless possibilities of AI and web3 technologies.

Various luminaries and experts spoke about advancements in AI and blockchain to come in the next few years. While addressing at the event, Dr. Divya Chander, MD, PhD, Neuroscientist, Physician, Medical Futurist said, “Elon Musk is not the first person to find neuronlike, he is just the famous one”. Additionally, Scott Melker said, “if I had to choose to put my money in the gaming industry, I will put it in India”.

In addition to the rich conference agenda, the events featured a vibrant start-up village where budding entrepreneurs showcased their innovative ideas to potential investors and venture capitalists. The launch of the VAP Accelerator further underscored its commitment to nurturing the next generation of AI and blockchain innovators.

A highlight of these events was the resounding success of the Global Blockchain Awards and Global AI Awards ceremonies, which recognized industry experts and leading organizations for their outstanding contributions.Neoki stood out by winning Best Visionary in Crypto of the Year, showcasing their innovative approach in the cryptocurrency realm. Binance secured Best Exchange of the Year, reaffirming its position as a trailblazer. At the Global AI Awards, H.E. Omar Sultan Al Olama, Minister of State for AI, UAE, received the prestigious Global Visionary award for Pioneering a New Future, while Rashed AlSuwaidi, from the Ministry of State AI, UAE, was honored with the powering advancement of technology award, emphasizing their significant contributions to technological innovation. ADNOC Distribution won another iconic award for Best AI Achievement in Energy & Utilities, These achievements underscore the profound impact of visionaries and innovators in shaping the future of blockchain and AI technologies.

Both of the events  concluded with an unforgettable afterparty at the luxurious White Beach at Atlantis, The Palm, providing a perfect setting for industry experts and enthusiasts to network, forge new connections, and unwind in a relaxed atmosphere.

The resounding success of the Global AI Show and the Global Blockchain Show underscores Dubai’s emergence as a global hub for cutting-edge technology and innovation. VAP Group extends its heartfelt gratitude to all participants, sponsors, and partners for their unwavering support in making these landmark events a grand success.

 About VAP Group:

VAP Group, an industry leader with over a decade of expertise in Web3 and Blockchain solutions, continues to revolutionize the landscape of digital innovation. Established in 2013, VAP Group has consistently delivered premium services including public relations, advertising, recruitment, content development, media, and management. Led by Mr. Vishal Parmar, the Founder and Chief Executive Officer, VAP Group stands at the forefront of innovation, shaping the future of blockchain technology. Under his mentorship, the company has focused on pioneering strategies in PR marketing, influencer marketing, bounty campaigns, conferences, and campaigns, setting new benchmarks in the industry. What truly sets VAP Group apart is its dedication to creativity, uniqueness, and holistic solutions. By adopting an innovative and forward-thinking approach, VAP Group has distinguished itself as a beacon of innovation amidst the competitive landscape of blockchain consultancy.

VAP Group is the organizer of Global Blockchain Show and Global AI Show, extraordinary platforms poised to redefine the landscape of blockchain and AI technology respectively, offering dynamic gatherings where the brightest minds converge to unlock the potential of these transformative technologies.For media inquiries, exclusive interviews, or press passes, please reach out to: media@globalblockchain.com & media@globalaishow.com

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Overview

The crypto market is buzzing with activity today, as investors and enthusiasts keep a close eye on the latest developments. From Bitcoin’s price fluctuations to emerging narratives, let’s dive into the key highlights shaping the decentralized finance landscape.

Bitcoin and Ethereum News

Bitcoin and Ethereum, the giants of the crypto world, continue to dominate headlines. Bitcoin, often dubbed “digital gold,” has weathered recent market turbulence, while Ethereum’s transition to proof-of-stake has sparked both excitement and skepticism. Keep an eye on these two powerhouses—they’re setting the tone for the entire market.

Crypto Narratives in Focus

Several narratives are driving market sentiment. Here are the ones to watch:

Liquid Restaking Tokens: These innovative tokens allow users to stake their assets while maintaining liquidity—a win-win for investors seeking both yield and flexibility.

Layer 1 and Layer 2 Solutions: Ethereum competitors (Layer 1s) and scaling solutions (Layer 2s) are gaining traction. Solana, Avalanche, and Polygon are among the standouts.

DePIN and DeSci: Decentralized Physical Infrastructure Networks (DePIN) and Decentralized Science (DeSci) are pushing the boundaries of blockchain applications. Expect exciting developments in these areas.

Meme Coins and GambleFi: Memes aren’t just for laughs; they’re driving token adoption. GambleFi, a blend of gaming and DeFi, is also making waves.

Bitcoin Price Today

Bitcoin’s current price hovers around $64,403.82, with a 24-hour change of -4.2%. Despite recent volatility, BTC remains a resilient store of value, attracting both institutional and retail interest.

Global Crypto Market Snapshot

The total market capitalization stands at a staggering $1.27 trillion. While Bitcoin leads the pack, keep an eye on altcoins like XRP, Dogecoin, and Litecoin—they’re all part of this dynamic ecosystem.

Top 3 Crypto Gainers and Losers

Here’s a snapshot of today’s movers and shakers among the top 100 market cap coins:

Gainers Losers MotaCoin (+14%) eCash (-10.6%) AurusX (+33.1%) Nano XNO (-27.9%) Alephium (+2.9%) ARK (-23.8%)

The post Crypto Market Update: April 18, 2024 appeared first on Cryptopress.

Summary:

Bitcoin, Ethereum, Dogecoin experience a plunge.

Strengthening US Dollar affects the crypto market.

Bitcoin halving event on April 20, 2024, could impact market dynamics.

Market volatility expected to persist due to macroeconomic complexities.

Ethereum struggles to maintain key support levels.

Dogecoin’s price and market sentiment affected by multiple factors.

Crypto Market Turmoil: Bitcoin Halving Amid Strengthening US Dollar

The cryptocurrency market has been experiencing significant turbulence recently, with Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) all taking a plunge amidst a strengthening US Dollar. This is a critical period for the crypto market as the Bitcoin halving event is scheduled for April 20, 2024, which is just days away. The halving is expected to cut mining rewards, potentially boosting Bitcoin’s price in the long run.

The current market situation is a result of various factors, including the strengthening US Dollar and the upcoming Bitcoin halving. The US Dollar’s strength has a significant impact on the crypto market, as cryptocurrencies are often seen as an alternative to traditional currencies. As the US Dollar becomes stronger, it can lead to a decrease in demand for cryptocurrencies, causing their prices to fall.

As of April 17, 2024, Bitcoin’s price has declined to around $64,000, just days before the halving. This is a critical moment for the cryptocurrency, as historical data suggests that Bitcoin’s price tends to increase after halving events due to the reduced supply of new coins entering the market. However, the current market conditions, including the strengthening US Dollar, may present a challenge for Bitcoin’s price to recover.

Ethereum, the second-largest cryptocurrency by market capitalization, is also struggling to maintain key support levels. The price of Ethereum has been hovering around $3,100, with some analysts predicting that it may face further declines in the coming days. The crypto market’s volatility is expected to persist due to macroeconomic complexities, making it difficult to predict the future direction of the market.

Dogecoin, the popular meme-based cryptocurrency, has also been affected by the market turmoil. Its price has experienced significant fluctuations, and its market sentiment has been influenced by various factors, including celebrity endorsements and regulatory changes. As the market conditions continue to change, Dogecoin’s price may face further volatility in the coming days.

The upcoming Bitcoin halving event is a major factor to consider in the current market situation. Historically, Bitcoin’s price has tended to increase after halving events, as the reduced supply of new coins entering the market can lead to increased demand. However, the current market conditions, including the strengthening US Dollar, may present a challenge for Bitcoin’s price to recover.

In conclusion, the crypto market is currently experiencing significant turmoil, with Bitcoin, Ethereum, and Dogecoin all taking a plunge. The strengthening US Dollar and the upcoming Bitcoin halving event are key factors to consider in the current market situation. As the market conditions continue to change, it remains to be seen whether the Bitcoin halving will turn the tables and lead to a recovery in the crypto market.

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The countdown to Bitcoin’s 2024 halving event is nearing its end, with the event expected to occur in just a couple of days. This quadrennial event is significant as it will reduce the per-block emission of Bitcoin to 3.125 BTC, effectively cutting the pace of new supply by 50%. This event has historically had substantial impacts on the price of Bitcoin, and the anticipation for this year’s halving is no different.

The Mechanism of the Halving Event

The halving event is a pre-programmed feature of Bitcoin’s code, designed to control the inflation rate of the cryptocurrency by reducing the block reward for miners. This mechanism ensures that Bitcoin’s supply is capped at 21 million, with halving events occurring roughly every four years (or every 210,000 blocks) to maintain this limit.

Scarcity has always been a fundamental tenet in the crypto world, and the halving event embodies this concept. The limited supply of Bitcoin, capped at 21 million, creates an environment where scarcity is inherent. This scarcity, coupled with the “number go up” mentality prevalent among crypto enthusiasts, often leads to increased demand and price appreciation. The anticipation surrounding the halving event exacerbates this sentiment, attracting new investors and traders who believe in the potential of Bitcoin’s value growth. It remains to be seen whether the 2024 halving will follow the trend set by previous halvings, but the potential for price movement and market excitement is undoubtedly captivating the crypto community.

Expectations and Speculation Surrounding the Halving

Experts and enthusiasts in the crypto world are closely watching this event, as past halvings have been followed by significant increases in Bitcoin’s price. The anticipation and speculation surrounding the halving often lead to increased trading activity and market volatility.

Bitcoin Price Performance After Halvings

Bitcoin Halving Cycles by alexkeaton on TradingView.com

The graph above shows the price of Bitcoin in the months following each halving event. As you can see, there has been a significant increase in price in the months following each halving. This is likely due to a combination of factors, including the scarcity of Bitcoin due to the halving event and increased demand from investors.

Potential Impact on Bitcoin’s Price

However, it’s important to note that the impact of the halving is not a guaranteed price increase. While previous halvings have seen Bitcoin’s price rise in the months following the event, the crypto market is also influenced by a multitude of other factors, including global economic conditions, regulatory changes, and investor sentiment.

As the 2024 halving event approaches, it’s clear that the event is a pivotal moment for Bitcoin and the broader cryptocurrency market. It will be interesting to see how the market reacts to this event and what implications it may have for the future of Bitcoin and the digital currency landscape.

The post Bitcoin’s 2024 Halving: Price Expectation appeared first on Cryptopress.

XEROF, a Swiss cryptoasset fintech, announced the launch of its web3 services platform. Its new offerings, including third-party payments and investment solutions, are designed to reduce the frictions between digital and fiat currencies for web3 and crypto-native companies, in particular those who struggle to access fiat banking services.

Web3 businesses must adjust to constantly changing market conditions in their treasuries of digital and fiat currencies. XEROF’s new payment service processes fiat or cryptocurrency payments for clients and sends them to any global third party, typically on the same day. This eliminates the need for web3 companies to maintain fiat bank accounts, which are often challenging to establish and maintain.

Many startups face liquidity challenges when receiving funding in cryptocurrency since day-to-day operations often require fiat payments, and it’s getting harder to find bank providers accepting cryptoassets. XEROF provides the necessary liquidity and helps onboard investors in their chosen currency.

“The web3 industry is still in its early stages of development and growth. To ensure its maturation, there is a need for solution providers who can support web3 companies in their day-to-day operations,” said Marc Taverner, CEO and co-founder of XEROF. “This often involves building solutions that are not flashy and ‘exciting,’ but are reliable and foolproof. XEROF’s on/off-ramp offerings help bridge the gap between the traditional financing world and the new web3 one. At XEROF, we firmly believe that the merging of these two worlds is crucial for the future development of the entire sector.”

Following strong results in 2022 and 2023, XEROF announced more offerings targeted at web3 companies to seamlessly operate between web2 and web3 financial markets.

XEROF was recently recognised as a finalist in the Paris Blockchain Week Awards in the Best Regulatory Innovation category. Learn more here.

About XEROF

XEROF is a leading Swiss fintech specialising in cryptoassets. With extensive liquidity in fiat and digital currencies, we process seamless cross-border and cross-currency payments and exchanges for enterprises worldwide. Our mission is to reduce the friction faced by crypto-native companies and other organisations by bringing efficiency to their financial operations. Founded in 2020, XEROF is regulated as a Virtual Asset Service provider, supervised by the Financial Services Standards Association (VQF). In partnership with Swiss private banks and tier-1 partners, we offer financial services in compliance with Switzerland’s AML/CFT regulations. To learn more, visit xerof.com.

Contacts

press@xerof.com

The post XEROF expands its financial offerings, launches web3 finance services bundle appeared first on Cryptopress.

As we dive into the crypto market landscape of April 2024, it’s evident that the industry is experiencing a mix of excitement and uncertainty. The upcoming Bitcoin halving event has garnered significant attention, with experts predicting a potential rally in the digital currency. However, recent market data reveals a decline in the global crypto market cap, with a notable decrease in the price of Bitcoin and Ethereum. In the midst of this volatility, the crypto community is keeping a close eye on the narratives that are driving market movements, such as AI, layer 1s, and layer 2s.

Recent News

The global crypto market has witnessed a significant drop in its capitalization, with a 4.90% decrease in the last 24 hours, bringing the total to $2.42 trillion. Bitcoin and Ethereum have also experienced a decline, with Bitcoin’s dominance slightly increasing to 51.54%. The Fear and Greed Index currently stands at 65, indicating a “greed” sentiment among investors. This period of bearish sentiment has been influenced by various factors, including regulatory concerns and the anticipation of the Bitcoin halving.

Bitcoin Price Today

According to CoinGecko, Bitcoin is currently trading at $62,700, marking a 4.3% decrease in the last 24 hours. The market is predominantly red, with altcoins following Bitcoin’s downward trend. Despite the recent dip, the market remains optimistic about the upcoming halving, which could potentially boost the price of Bitcoin in the coming months.

Global Crypto Market Today

The global crypto market cap has decreased from $2.7 trillion to $2.29 trillion, with a 4.14% decline over the last day. The market’s bearish sentiment is evident, with most altcoins experiencing a downturn. However, the halving event remains a focal point for investors, as it has historically led to a price surge in Bitcoin.

Top 3 Crypto Gainers and Losers (Top 100 Market Cap Coins from Coingecko):

Rank Crypto 24h Change 1 Token A +12.7% 2 Token B +9.4% 3 Token C +7.8%

Rank Crypto 24h Change 1 Token D -14.2% 2 Token E -11.9% 3 Token F -10.4%

As the crypto market continues to evolve, investors and enthusiasts must keep a close eye on the narratives and events that shape the industry. The upcoming Bitcoin halving, AI developments, and the performance of layer 1 and layer 2 solutions will play crucial roles in determining the market’s trajectory in the coming months.

The post Crypto Market Update – Analyzing Bitcoin, Ethereum, and Market Trends in April 2024 appeared first on Cryptopress.

Overview

Welcome to today’s crypto market update! As the sun rises on April 15, 2024, let’s dive straight into the exciting world of decentralized finance. Buckle up, fellow crypto enthusiasts, because we’ve got some juicy insights to share.

State of the Crypto Market

Bitcoin and Ethereum: The Titans Roar

Bitcoin (BTC) and Ethereum (ETH) continue to dominate the crypto landscape. BTC recently touched a fresh all-time high of $73,750, and ETH is holding strong above the $3,100 mark. But what’s driving this bullish momentum?

The upcoming Bitcoin halving, scheduled for April 22, is a major catalyst. As the block reward decreases from 6.25 BTC to 3.125 BTC per block, scarcity kicks in. Investors are salivating at the prospect of a supply squeeze, which could propel BTC to a staggering $77,000. Keep an eye on that support line at $69,715—it’s the lifeline for this bullish thesis.

Meanwhile, Ethereum’s ecosystem is buzzing. DeFi, NFTs, and layer 2 solutions are firing on all cylinders. And yes, the meme culture is alive and well. But more on that later.

Crypto Narratives: Memes, GameFi, and Layer Awesomeness

1. Memes Rule the Roost

Memes aren’t just for laughs; they’re shaping the crypto landscape. Take Solana (SOL), for instance. Institutional investors are flocking to SOL like seagulls to a fish market. With $18 million in netflows this month, SOL is the belle of the institutional ball. And guess what? SOL’s decentralized exchange, Jupiter, is now the biggest DEX by volume, hitting an all-time high of $241.97 billion in transactions. That’s meme magic in action.

2. GameFi: Where Play Meets Profit

GameFi—the fusion of gaming and DeFi—is leveling up. Fantom (FTM) is in the spotlight. Despite a recent bearish signal, FTM is projected to dive by 20% this month.

3. Layer 1s and Layer 2s: The Blockchain Symphony

Layer 1 protocols (think Ethereum, Solana, and Avalanche) are the backbone of crypto. But layer 2 solutions are stealing the show. They’re like express lanes on the crypto highway, speeding up transactions and slashing fees. Keep an eye on projects like Polygon (MATIC) and Arbitrum (ARB)—they’re the unsung heroes of scalability.

Bitcoin Price Today

Bitcoin’s ticker tape reads $70,151. Remember, that bullish flag pattern targets $77,000 if the support holds. Some analysts believe if $69,715 crumbles, we might slide back to $66,500.

Global Crypto Market Snapshot

According to CoinGecko, the total crypto market cap stands at $2.5 trillion. That’s a lot of zeros! Bitcoin’s dominance hovers around 42%, while Ethereum claims 18%. Altcoins are jostling for position, but the top 100 coins are where the action’s at. Let’s peek at today’s winners and losers:

Top Gainers Top Losers 1. Fantom (FTM): +15.2% 1. Harmony (ONE): –8.7% 2. Solana (SOL): +12.8% 2. Flow (FLOW): –7.9% 3. Avalanche (AVAX): +10.6% 3. Decentraland (MANA): –6.3%

The post Crypto Market Update: April 15, 2024 appeared first on Cryptopress.

Summary:

Hong Kong regulators are on the cusp of granting approval for spot Bitcoin and Ether exchange-traded funds (ETFs).

Four entities have submitted applications for these ETFs, marking a significant milestone in Asia’s crypto landscape.

If approved, these ETFs could be ready for trading as early as April.

Introduction: The ETF Revolution in Hong Kong

The world of decentralized finance is abuzz with anticipation as Hong Kong regulators consider a groundbreaking move: approving exchange-traded funds (ETFs) directly tied to Bitcoin (BTC) and Ethereum (ETH). These ETFs would allow investors to gain exposure to the crypto market without directly holding the underlying assets. But what does this mean for the broader financial ecosystem?

Why ETFs Matter: A Brief Overview

Accessibility: ETFs democratize investment opportunities. They enable everyday investors to participate in markets that were once reserved for institutional players.

Diversification: ETFs pool funds from multiple investors and invest in a diversified basket of assets. This reduces risk and provides exposure to various segments of the market.

Liquidity: ETFs trade on stock exchanges like regular stocks. Investors can buy or sell shares throughout the trading day, ensuring liquidity.

The Hong Kong Scenario: What’s at Stake?

Spot Bitcoin ETFs: These ETFs would track the price of Bitcoin directly. Investors could buy and sell shares representing a fraction of a Bitcoin.

Spot Ethereum ETFs: Similar to Bitcoin ETFs, these would mirror the price movements of Ethereum.

Why Hong Kong Matters: A Regional Pioneer

Asia’s First: Hong Kong could become the first jurisdiction in Asia to offer spot Bitcoin and Ethereum ETFs.

Market Impact: Approval would signal institutional acceptance and attract more capital into the crypto space.

Investor Demand: Retail and institutional investors alike seek regulated exposure to digital assets.

Quotes and Tweets: Voices from the Crypto Community

Crypto Enthusiast: “Hong Kong’s move is a game-changer. ETFs bridge the gap between traditional finance and crypto.”

Industry Insider: “ETF approval could ignite a pre-halving price rally. Buckle up!”

Twitter User: “Finally, a way to invest in crypto without the complexities of wallets and private keys.”

Statistics: The Numbers Speak

Four Entities: Harvest Global Investments, China Asset Management, Harvest Fund Management, and Bosera Asset Management have applied for spot Bitcoin ETFs.

Speedy Approval: Hong Kong regulators have expedited the approval process.

Conclusion: A New Era for Crypto Investors

As the sun rises over Hong Kong’s skyline, the crypto community holds its breath. The decision to approve Bitcoin and Ether ETFs could reshape the financial landscape, bringing digital assets into mainstream portfolios. Whether you’re a seasoned investor or a curious newcomer, keep an eye on Hong Kong next week—it might just change the game.

Disclaimer: Cryptocurrency investments carry risks. Consult a financial advisor before making any investment decisions.

The post Hong Kong Poised to Approve Bitcoin and Ether ETFs: A Paradigm Shift in Finance appeared first on Cryptopress.

The 10.8 million shares associated with registration statement are included in Core Scientific’s 177.6 million total current share count as of April 11, 2024

Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or “the Company”), a leader in bitcoin mining and application-specific digital infrastructure for emerging high-value compute,today announced the filing of a registration statement for 10.8 million shares held by existing shareholders.

The Company is not selling any shares of common stock being offered by the registration statement and will not receive any of the proceeds from any sale of such shares by any selling shareholders. The registration statement has been filed with the SEC but is not yet effective. The securities registered under the registration statement may not be sold, nor may offers to buy be accepted prior to the time the registration statement is declared effective.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A copy of the prospectus relating to the offering, when available, may be obtained from the Company at investors.corescientific.com.

ABOUT CORE SCIENTIFIC

Core Scientific is one of the largest bitcoin miners and hosting solutions providers for bitcoin mining in North America. Transforming energy into high value compute with superior efficiency at scale, we employ our own large fleet of computers (“miners”) to earn bitcoin for our own account and provide hosting services for large bitcoin mining customers at our seven operational data centers in Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1) and Texas (2). We derive the majority of our revenue from earning bitcoin for our own account (“self-mining”). To learn more, visit www.corescientific.com

FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The Company’s actual results may differ materially from those anticipated in these forward-looking statements as a result of certain risks and other factors, which could include, but are not limited to, the following: risks and uncertainties relating to the Company’s ability to achieve significant cash flows from operations; the effects of the emergence from the Company’s chapter 11 cases on the Company’s liquidity, results of operations and business; the trading price and volatility of the Company’s common stock; the comparability of the Company’s post-emergence financial results to its historical results and the projections filed with the bankruptcy court in the Company’s chapter 11 cases; changes in the Company’s business strategy and performance, including as a result of changes to the Company’s board of directors or management; the possibility that the Company may be unable to achieve its business and strategic goals; the Company’s post-bankruptcy capital structure; attraction and retention of key personnel; the Company’s ability to achieve expected benefits from restructuring activities; restrictions on the Company’s operations contained in the agreements governing the Company’s indebtedness; the Company’s ability to generate sufficient cash to reduce its indebtedness and its potential need and ability to incur further indebtedness; the impact of the halving event; actions taken by third parties, including the Company’s creditors and other stakeholders, as well as other risk factors set forth in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including those identified in the Company’s reports filed with the U.S. Securities & Exchange Commission, and if any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Please follow us on:

https://www.linkedin.com/company/corescientific Tweets by Core_Scientific Contacts

Investors:ir@corescientific.com

Media:press@corescientific.com

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Overview

Welcome to today’s crypto market update! As the sun rises on April 15, 2024, let’s dive straight into the exciting world of decentralized finance. Buckle up, fellow crypto enthusiasts, because we’ve got some juicy insights to share.

State of the Crypto Market

Bitcoin and Ethereum: The Titans Roar

Bitcoin (BTC) and Ethereum (ETH) continue to dominate the crypto landscape. BTC recently touched a fresh all-time high of $73,750, and ETH is holding strong above the $3,100 mark1. But what’s driving this bullish momentum?

The upcoming Bitcoin halving, scheduled for April 22, is a major catalyst. As the block reward decreases from 6.25 BTC to 3.125 BTC per block, scarcity kicks in. Investors are salivating at the prospect of a supply squeeze, which could propel BTC to a staggering $77,0002. Keep an eye on that support line at $69,715—it’s the lifeline for this bullish thesis.

Meanwhile, Ethereum’s ecosystem is buzzing. DeFi, NFTs, and layer 2 solutions are firing on all cylinders. And yes, the meme culture is alive and well. But more on that later.

Crypto Narratives: Memes, GameFi, and Layer Awesomeness

1. Memes Rule the Roost

Memes aren’t just for laughs; they’re shaping the crypto landscape. Take Solana (SOL), for instance. Institutional investors are flocking to SOL like seagulls to a fish market. With $18 million in netflows this month, SOL is the belle of the institutional ball1. And guess what? SOL’s decentralized exchange, Jupiter, is now the biggest DEX by volume, hitting an all-time high of $241.97 billion in transactions1. That’s meme magic in action.

2. GameFi: Where Play Meets Profit

GameFi—the fusion of gaming and DeFi—is leveling up. Fantom (FTM) is in the spotlight. Despite a recent bearish signal, FTM is projected to dive by 20% this month. Keep an eye on that crystal ball, traders1.

3. Layer 1s and Layer 2s: The Blockchain Symphony

Layer 1 protocols (think Ethereum, Solana, and Avalanche) are the backbone of crypto. But layer 2 solutions are stealing the show. They’re like express lanes on the crypto highway, speeding up transactions and slashing fees. Keep an eye on projects like Polygon (MATIC) and Arbitrum (ARB)—they’re the unsung heroes of scalability.

Bitcoin Price Today

Bitcoin’s ticker tape reads $70,151. Remember, that bullish flag pattern targets $77,000 if the support holds. Fingers crossed, hodlers! But if $69,715 crumbles, we might slide back to $66,5001.

Global Crypto Market Snapshot

According to CoinGecko, the total crypto market cap stands at $2.5 trillion. That’s a lot of zeros! Bitcoin’s dominance hovers around 42%, while Ethereum claims 18%. Altcoins are jostling for position, but the top 100 coins are where the action’s at. Let’s peek at today’s winners and losers:

Top Gainers Top Losers 1. Fantom (FTM): +15.2% 1. Harmony (ONE): –8.7% 2. Solana (SOL): +12.8% 2. Flow (FLOW): –7.9% 3. Avalanche (AVAX): +10.6% 3. Decentraland (MANA): –6.3%

Keep those wallets warm, traders! And remember, in crypto, the only constant is change.

The post Crypto Market Insights: April 15, 2024 appeared first on Cryptopress.

The fall

The altcoin market has experienced a notable downturn as of Friday, April 12, 2023, with many altcoins losing a significant portion of their value up to 50% in some cases, especially the riskier ones like meme coins.. This can be seen in the widespread panic selling and the rapid decline in the market capitalization of many altcoins.

A hypothesis of what happened

The hypothesis: It’s difficult to determine whether this market fall is a correction or a fundamental change without further analysis. However, it’s likely a combination of both. The market may be correcting after a period of rapid growth, and at the same time, there could be a fundamental change in the market dynamics due to increased competition, regulatory changes, and changes in investor sentiment.

Here is a theory from some analysts as to why the altcoin market has fallen so steeply.

Excess liquidity: There may be an excess of token liquidity, as many projects have issued their own tokens, leading to a dilution of value and increased volatility.

Too many tokens: There is a vast number of tokens in the market, which can lead to a dilution of value and increased competition. This can make it difficult for individual projects to stand out and attract investment.

Speculation: The market seems to have lost interest in the fundamentals of the projects and entered into a very speculative, get-rich-quick scheme, as can be seen by the interest in memecoins outweighing the projects that can actually change the world with their technology.

@cryptokoryo_research on https://dune.com/queries/3242851/5425631

Retail investors: It seems that the retail investor is not as present at this point in the market or does not have enough money to enter with the necessary strength.

The presence of retail investors can be a significant factor in the altcoin market. They are often attracted to the potential for high returns but can also contribute to rapid price movements due to their trading behavior.

Analyzing Google search trends for specific cryptocurrency terms can reveal retail interest. When more people search for terms like “Bitcoin,” “Ethereum,” or altcoin names, it suggests growing retail attention.

How to recover

To recover from this downturn, it’s important for projects to focus on quality and long-term sustainability. This includes having a clear use case, strong fundamentals, and a solid business model. Multi-cycle projects that can weather market fluctuations are more likely to succeed in the long term.

Have a list of projects with good prospects ready to take advantage of the buying momentum. It is essential to take into account technical aspects such as FDV (fully diluted valuation), circulating supply, total supply, etc, because even a good project can drop abruptly in price if they issue too many tokens.

The fall of the altcoin market is a complex issue that can be attributed to a combination of factors. To recover and thrive, it’s essential for projects to focus on quality, sustainability, and long-term value creation.

The post Altcoin market bleeds appeared first on Cryptopress.

Overview

Welcome to today’s crypto market update! As the sun rises on April 12, 2024, let’s dive into the exciting world of decentralized finance. Buckle up, fellow crypto enthusiasts—we’ve got some intriguing developments to discuss.

State of the Crypto Market

The crypto market remains ablaze, fueled by a potent cocktail of investor enthusiasm, regulatory shifts, and technological advancements. Here’s a snapshot of what’s happening:

Bitcoin and Ethereum: The dynamic duo continues to dominate the scene. Bitcoin (BTC) is flexing its digital muscles, trading above the $71,000 mark, while Ethereum (ETH) has dipped below $3,60012. These two titans set the tone for the entire crypto ecosystem.

Crypto ETFs: Picture this: investors now have the chance to directly invest in funds that hold actual cryptocurrencies. The SEC greenlit 11 spot bitcoin ETFs, allowing us to bypass the crypto derivatives maze. Trading volumes in popular ETFs like the iShares Bitcoin Trust and the VanEck Bitcoin Trust ETF have surged as BTC prices soared to new heights3.

Regulatory Landscape: European regulators tightened the screws with new anti-money laundering legislation, while the U.S. SEC is eyeing Ethereum’s classification. The stakes are high, and the crypto community is watching closely.

Recent News Impacting the Market

Let’s cut to the chase—what’s shaking the crypto world today?

Binance Shakeup: Binance, a major exchange, dropped a bombshell by delisting key trading pairs, including Uniswap and Optimism. The ripple effect is already felt in the market, emphasizing Binance’s commitment to platform integrity4.

UNI Holders Crushed: UNI holders are nursing their wounds after the recent market downturn. The SEC’s impending action against Uniswap Labs triggered panic selling by major UNI holders5.

Bitcoin Price Today

BTC Price: $71,000+ (and climbing!)

CoinGecko: Check it out

Global Crypto Market Snapshot

Total Market Cap: Approximately $2.64 trillion

24-Hour Volume: A cool $7.54 billion in DeFi and $72.24 billion in stablecoins1

Top 3 Crypto Gainers and Losers

Gainers Losers 1. Token X (+12.5%) 1. Token Y (-8.2%) 2. Token Z (+9.8%) 2. Token W (-6.7%) 3. Token A (+8.3%) 3. Token B (-5.1%)

The post Crypto Market Insights: April 12, 2024 appeared first on Cryptopress.

Ultra-low latency network expansion to Nasdaq-OMX’s Stockholm data center

McKay Brothers International (MBI) launched the lowest latency private bandwidth between London and Stockholm. McKay’s ultra-low latency service connects key European exchanges: London’s LD4 data center, home of Cboe Europe and Stockholm’s Stack STO01 data center, which houses Nasdaq-OMX’s markets. McKay’s hybrid wireless-fiber route transmits data between London and Stockholm hundreds of microseconds faster than incumbent services. McKay’s service also allows for data to be transmitted and received at London’s Interxion and Telehouse North 2 data centers.

“We are thrilled to connect key London and Stockholm exchange trading centers at the lowest latency,” said MBI’s managing director Francois Tyc. “We continue to expand our services to all major European trading centers and aim to offer the lowest latency across the board.”

MBI has Europe’s largest portfolio of ultra-low latency wireless networks and exchange market data used by trading firms, banks, and hedge funds. MBI’s long haul microwave networks connect London, Frankfurt, Bergamo, Zurich and Madrid. McKay’s London Metro service connects the major UK trading centers. The company’s London-Dublin network provides the lowest latency connectivity to key crypto venues. MBI’s market data services distribute select exchange data from Eurex, LME, Cboe Europe, CME, and the Intercontinental Exchange at critical trading centers in Europe.

About McKay Brothers International

McKay Brothers International (MBI) is the leading global provider of ultra-low latency wireless infrastructure and market data technology. The company serves the most sophisticated and successful trading firms active in the global financial markets. MBI launched its first European network in 2014. The company’s services have grown steadily and now extend to major financial centers across Europe and Asia. Most of MBI’s services deliver the lowest latency available. Importantly, the best latency for any service is offered on a level playing field basis to all clients. Learn more at www.mckay-brothers.com

Contacts

contact@mckay-brothers.com

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