Ethereum’s journey from Proof of Work (PoW) to Proof of Stake (PoS) has been marked by debates and pivotal decisions, especially concerning the network’s decentralization and energy consumption. Recently, Ethereum co-founder Vitalik Buterin engaged in discussions regarding some community members’ nostalgia for the PoW system. 

Buterin addressed these sentiments on the social media platform X, highlighting misconceptions about the centralization of PoW and its intended temporary role in Ethereum’s development.

Buterin’s response to proponents of PoW sheds light on a less-discussed aspect of the consensus mechanism—its centralization. He pointed out that PoW centralization was widely acknowledged within the core development team but wasn’t heavily publicized as the transition to PoS was always viewed as the eventual goal. 

By illustrating this with a pie chart of Ethereum PoW mining pools, he showed significant concentration in entities like SparkPool, which controlled a large portion of the network’s mining power. This centralization contradicted the decentralized ethos Ethereum aims to uphold.

PoW was also quite centralized. It was just not talked about as much, because everyone knew it was only a temporary stage until PoS.And that doesn't even get into how we probably mostly avoided ASICs only because the upcoming PoS switch meant no incentive to build them. pic.twitter.com/OhaqmRiiGJ

— vitalik.eth (@VitalikButerin) April 26, 2024

Understanding Ethereum’s Consensus Transition

The shift from PoW to PoS was not merely a technical update but a fundamental change to how Ethereum processes transactions and secures its network. Under PoW, miners used powerful computers to solve complex mathematical problems, thereby validating transactions and creating new blocks. This method, while secure, was incredibly energy-intensive. 

The transition to PoS, culminated in September 2022 with an event known as “The Merge,” was heralded for reducing Ethereum’s energy consumption by an astonishing 99.5%.

In a PoS system, validators stake their own Ethereum (ETH) tokens as collateral to vouch for the accuracy of the blocks they add to the blockchain. This method not only slashes energy usage but also aims to enhance security and scalability by aligning validators’ financial incentives with the network’s health and integrity. 

Buterin’s emphasis on PoS was part of a broader vision to create a more sustainable and efficient blockchain infrastructure, addressing the environmental concerns associated with traditional PoW systems.

As Ethereum continues to evolve, the community’s understanding and acceptance of PoS are crucial. The transition has set a precedent in the blockchain community, highlighting the potential for existing networks to adopt more energy-efficient and scalable consensus mechanisms. 

Buterin’s recent discussions serve as a reminder of the deliberate, strategic planning behind Ethereum’s technological advancements and the ongoing effort to balance innovation with the foundational principles of decentralization and security.

In the volatile world of cryptocurrencies, where fortunes can shift in the blink of an eye, the prowess of informed trading strategies is ever so prominent. A striking example of this was recently highlighted by the onchain analytics platform, Lookonchain, who detailed the maneuvers of a trader who turned a significant profit from trading the PENDLE token. 

This instance not only shines a light on the potential financial gains within the crypto markets but also underscores the advanced analytics that can uncover such insights.

This trader, referred to by Lookonchain as a “smart trader,” showcased a masterclass in market timing and asset management. By capitalizing on fluctuating market prices, the trader managed a return on investment that most can only dream of. 

The sequence of trades involved a series of calculated moves, starting with the acquisition of a substantial amount of PENDLE tokens at a low price point and culminating in strategic withdrawals during price peaks.

A smart trader deposited 1.2M $PENDLE ($6.74M) into #Binance 3 hours ago, with 2.23M $PENDLE ($12.3M) left.He spent 869,757 $USDC to buy 3.21M $PENDLE at $0.27 from Feb 9 to Apr 22, 2023, then withdrew 111,055 $PENDLE ($226K) at $0.49 from #Gateio on Apr 27.His total profit on… pic.twitter.com/yAtQnFEh4p

— Lookonchain (@lookonchain) April 26, 2024

Strategic Acquisitions and Timely Decisions

The journey to a staggering 1841% ROI began on February 9, 2023, when the trader invested approximately 869,757 USDC to purchase 3.21 million PENDLE tokens at an average price of $0.27 each. This phase of accumulation was marked by keen market observations and an anticipation of value increase. Over the following months, the trader’s strategy seemed to unfold as planned, with PENDLE’s value experiencing significant uplift.

By April 27, the trader began to realize profits by withdrawing 111,055 PENDLE tokens valued at around $226,000 at the price of $0.49 each from the exchange Gate.io. This move was timed impeccably, just before a notable dip in token prices, exemplifying the critical importance of timing in the cryptocurrency trading sphere.

The story of this smart trader is not just about the impressive returns but also highlights the role of sophisticated onchain analytics in modern trading. Platforms like Lookonchain provide traders with deep insights into transaction flows, wallet activities, and broader market dynamics, enabling them to make more informed decisions. Such data-driven approaches are becoming essential in the crypto environment, where market sentiment can shift rapidly.

Moreover, the incident underlines the growing sophistication among crypto traders who utilize platforms like Binance and Gate.io not just for trading but for strategic movements that align with market trends and liquidity shifts. This level of strategic planning and execution is indicative of a maturing market where success is as much about the smart use of technology and data as it is about understanding traditional trading fundamentals.

Implications for the Crypto Market

The successful strategy employed by the trader using PENDLE tokens represents a broader trend in the crypto markets towards more mature and calculated investment moves. 

As traders become more knowledgeable and platforms more advanced, the potential for smart, data-backed trading strategies to yield substantial profits is enormous. However, it also calls for a greater need for investor education and awareness, ensuring that the crypto space remains a fair and competitive market for all participants.

This instance serves as a powerful reminder of the potential and pitfalls of the crypto market. While the rewards can be high, they come with their risks and require an understanding of market mechanisms and the right analytical tools to navigate these digital waters successfully. As the market evolves, both traders and platforms will likely continue to develop more refined techniques to capitalize on the dynamic nature of cryptocurrencies.

In a monumental stride towards revolutionizing asset management, Jiritsu Network, in collaboration with Avalanche, has announced the launch of the Jiritsu Layer 1 blockchain. This innovative platform, powered by Zero-Knowledge Multi-Party Computation (ZK-MPC) technology, aims to reshape the landscape of asset management by enabling the verification and tokenization of previously unverifiable assets.

The introduction of Jiritsu Layer 1 represents a paradigm shift in the industry, particularly in sectors such as private equity, real estate, and supply chain logistics. By leveraging ZK-MPC technology, the platform facilitates secure verification and on-chain authentication of assets, significantly reducing the barriers to tokenizing real-world assets (RWAs). This breakthrough not only streamlines asset transactions but also enhances privacy, security, and trust in the process.

Jiritsu is proud to announce the launch of our Layer 1 blockchain in partnership with @avax.This introduces a groundbreaking approach to tokenizing and managing real-world assets through Jiritsu's own ZK-MPC technology, starting with Everready's $20M daily inventory. pic.twitter.com/43dM3aixaW

— Jiritsu Network (@Jiritsu_Network) April 26, 2024

Avalanche, a leading blockchain platform, has played a pivotal role in this endeavor through its strategic collaboration with Jiritsu Network. By integrating Jiritsu Layer 1’s cutting-edge ZK-MPC technology into its platform, Avalanche has reinforced its position as an industry leader and expanded its capabilities to manage real-world assets with unparalleled security and efficiency.

The significance of this partnership is exemplified by Everready, a prominent player in 2P e-commerce, which has become the first to adopt Jiritsu Layer 1 technology. By integrating “Jiritsu Proof” to secure and authenticate its inventory, Everready now oversees approximately $20 million in daily transactions across over 100,000 product SKUs. This implementation not only enhances Everready’s operational capabilities but also sets a new standard for transparency and trust in e-commerce transactions.

Enhancing Digital Asset Management

The deployment of Jiritsu Layer 1 marks a pivotal moment in the journey towards democratizing access to asset transactions. By making previously unverifiable assets verifiable and tokenizable, Jiritsu Network and Avalanche are paving the way for a new era in asset management across various industries.

The launch of Jiritsu Layer 1 represents a significant milestone in making digital asset management more accessible, efficient, and secure. Jiritsu Network has shown its excitement to partner with Avalanche to bring this transformative technology to market and empower businesses to unlock the full potential of their assets.

As we move towards a more digitized and transparent world, the innovations brought about by Jiritsu Layer 1 are poised to play a crucial role in shaping the future of global asset management. With its focus on tokenization and verification of real-world assets, Jiritsu Network continues to lead the way in blockchain innovation, ushering in a new era of asset transactions that are secure, transparent, and accessible to all.

In a recent YouTube video, renowned crypto analyst Blockchain Backer sounded the alarm bells, predicting an imminent crash in the crypto market. His warning comes amidst heightened regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC), particularly targeting Ripple and ConsenSys, a blockchain software technology company.

Blockchain Backer’s analysis delves into the historical context, highlighting a pattern of negative news coinciding with significant market downturns. He points out that such events often emerge just as *BTC* hits all-time highs, creating an atmosphere of uncertainty and fear among investors.

Referencing past instances, Blockchain Backer recalls the tumultuous period in 2020 when the SEC initiated legal action against Ripple. He notes the subsequent impact on market sentiment, with many investors left reeling from the sudden onslaught of negative news.

The analyst emphasizes that while ConsenSys has received a “Wells notice” from the SEC, indicating potential enforcement action, the exact details of the regulatory crackdown remain undisclosed. Speculation abounds regarding the nature and severity of the forthcoming SEC complaint, with market participants bracing for potentially unsettling revelations.

Echoes of the Past

Blockchain Backer draws parallels with past regulatory interventions, such as the SEC’s actions against Coinbase and Binance in mid-2023, which coincided with a significant market low. He warns that similar regulatory scrutiny could exacerbate ongoing market volatility, potentially triggering a widespread sell-off.

One key point of contention highlighted by Blockchain Backer is the perceived lack of transparency among industry insiders. He suggests that insiders may have withheld crucial information regarding the SEC’s intentions, allowing them to capitalize on market movements ahead of public announcements.

Despite the prevailing uncertainty, Blockchain Backer advises investors to remain vigilant and prepare for further developments. He urges caution in interpreting market signals and emphasizes the importance of monitoring support levels for potential buying opportunities.

In the end, Blockchain Backer underscores the inevitability of regulatory scrutiny in a maturing crypto landscape. While the market braces for potential turbulence, investors are encouraged to stay informed and exercise prudence in navigating the evolving regulatory environment. All eyes remain on the unfolding situation, with the potential for significant repercussions across the broader digital asset market.

Oasis Protocol, an open-source decentralized blockchain, has recently made a landmark development. The company has disclosed that Synternet, a prominent blockchain that drives interoperable infrastructure across top chains, is welcoming Oasis as a data publisher. The platform took to its account on X to reveal the latest achievement.

We are excited to share that @synternet_com now includes Oasis as a data publisher, offering Sapphire & Emerald data streams via the Data Layer Portal!This enables developers to rapidly integrate real-time, confidential data into apps across finance, healthcare, and more : https://t.co/tAk8HaWIcw

— Oasis (@OasisProtocol) April 26, 2024

Synternet Includes Oasis Protocol as a Distinctive Data Publisher

In its recent post, the company expressed its enthusiasm regarding this development. It mentioned that Oasis will offer Emerald and Sapphire data streams through Data Layer Portal on Synternet. As a result of this development, the developers will get significant benefits. They will swiftly integrate confidential and real-time data into applications across several departments.

Now, everyone can access the privacy-first blockchain of Oasis to get live data from Data Layer. The inclusion of Emerald and Sapphire data streams permits the developers to instantly deploy responsive and dynamic applications. Hence, the developers can begin their journey by delving into the real-time data that Oasis provides. In addition to this, they can get permissionless and rapid access.

In this respect, they would not require working with engineers or organizing an onboarding procedure. The data streams of Oasis will reportedly streamline the access to live data. Additionally, they will accelerate the procedure of real-time data inclusion into dApps. This allows for an active interaction within decentralized applications.

Data Streams of Oasis Offer Use Cases for Diverse Departments

In the financial landscape, the builders could reportedly benefit from real-time transfer data to develop more secure and responsive trading forums. In healthcare, the accessible live data about patients could innovate remote observation and customized medicine apps. Oasis Saphire is the chief contributor to all this as its access makes these facilities possible.

The data streams of Oasis let the Data Layer fulfill the diverse market requirements that need confidential and real-time data. This takes into account support for decentralized artificial intelligence training, AI-driven dApp management, and prediction-based trading.

The Data Layer expands the respective AI features with its capability to train machine learning models rapidly. The exclusive features that Oasis Privacy Layer and Oasis Sapphire provide guarantee confidentiality and verifiability of computation. This unlocks likely use cases concerning privacy-driven AI across diverse industries.

In a significant move towards the convergence of traditional financial markets and decentralized finance, MANTRA has announced the launch of the Hongbai Incentivized Testnet. This development is a critical component in the MANTRA Chain ecosystem, serving as a preparatory platform for the upcoming mainnet. 

The Hongbai Testnet is designed as a sandbox where developers and users can refine and test their applications, ensuring robustness and functionality before the official launch. This strategic initiative not only underscores MANTRA’s commitment to innovation but also sets the stage for a transformative impact on how real-world assets (RWAs) are handled within the blockchain space.

The primary purpose of the Hongbai Testnet is to serve as the definitive test environment for all updates and innovations before they are implemented on the mainnet. This allows for a thorough vetting process, minimizing risks and ensuring that all new features integrate seamlessly. 

Developers have the unique opportunity to engage with the testnet to deploy and test their decentralized applications (dApps), fine-tuning functionalities such as account creation, token transfers, and smart contract interactions. This rigorous testing ensures that once these applications are transitioned to the mainnet, they are optimized for performance and user experience.

1/ Dive into what makes #HongbaiTestnet a game-changer! Testnet Phase 1 Recap: We started our journey with Testnet Phase 1 back on Nov 8, 2023. With 100 validators onboard, we've clocked over 1.5M blocks, boasting an average block time of just 6.34 seconds. pic.twitter.com/MAhRjY9aJh

— MANTRA | Tokenizing RWAs (@MANTRA_Chain) April 26, 2024

Enhancing Development and Security Through Innovation

The Hongbai Testnet operates on a distributed network of nodes that uphold the network’s functionality and security. It employs a Proof of Stake (PoS) consensus mechanism, where validators play a pivotal role in maintaining the network’s integrity. 

These validators are crucial in processing transactions and proposing blocks, which enhances the testnet’s reliability and mirrors the operational environment of the upcoming mainnet. This setup not only tests the resilience and efficiency of the network under various conditions but also ensures that the MANTRA Chain will be robust and secure upon launch.

For developers, the Hongbai Testnet is an invaluable tool. It provides a realistic and controlled setting to explore the nuances of blockchain application development. Developers can utilize advanced tools and APIs provided by MANTRA to build and refine their applications. 

This includes testing the tokenization of RWAs, a significant advancement that MANTRA is set to introduce. By simulating real-world asset management on the blockchain, the testnet helps developers understand and innovate on the tokenization process, which could revolutionize asset liquidity and transferability.

Furthermore, the testnet environment is designed to be completely isolated from the mainnet, ensuring that the trials and experiments conducted do not affect the live network. 

This separation allows developers to freely test hypotheses and adjust configurations without the risk of destabilizing the mainnet. It also means that any tokens and transactions on the testnet are purely for testing purposes and do not carry real-world value, providing a safe space for experimentation.

The launch of the Hongbai Testnet is not just a technical upgrade; it is also a community-driven initiative. MANTRA emphasizes community involvement in the development process, offering developers and users the chance to contribute to the ecosystem’s growth and direction. This collaborative approach ensures that the MANTRA Chain is built with a wide range of insights and meets the diverse needs of its users.

Bears have taken control of the markets, as seen from the decrease in the global market cap. The total cap stood at $2.36 as of press time, representing a 0.94% decrease over the last 24 hours. The trading volume dropped by 21% to $67.17B as of press time. 

Bitcoin Price Review

Bitcoin (BTC) is still facing consolidations today as evidenced by its price movements. However, an in-depth analysis shows a downward trend, as the price is below both the 20-period Simple Moving Average (SMA) and the Bollinger Bands’ middle SMA.

The widening of the Bollinger Bands indicates increased volatility in recent periods. On the other hand, the Commodity Channel Index (CCI) is below -100, indicating bearish momentum. As of press time, the Bitcoin price stood at $63,981, representing a 1.21% decrease from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView NEAR Protocol Price Review

NEAR Protocol is among the gainers in today’s session as evidenced by its price movements. We notice that NEAR Protocol price charts are moving above the SuperTrend indicator, which signals a bullish trend. The NEAR Protocol price appears to be consolidating within a narrow range after a significant uptrend.

On the other hand, looking at indicators, the Volume Oscillator is negative, indicating lower trading volume, which suggests a lack of strong momentum behind the recent price movements.  As of press time, the NEAR Protocol price stood at $6.99, representing a 0.21% increase from its previous 24-hour price.

4-hour NEAR/USDT Chart | Source: TradingView Litecoin Price Review

Despite the bear session, Litecoin (LTC) is also a gainer in today’s session. An in-depth analysis shows that the Litecoin price action is contained within an ascending Auto Pitchfork, indicating an upward trend.

On the flip side, looking at indicators, we see that the Awesome Oscillator (AO) shows green bars, suggesting bullish momentum is in play. As of press time, the Litecoin price stood at $87.61, representing a 3.6% increase from its previous 24-hour price.

4-hour LTC/USDT Chart | Source: TradingView Ethereum Classic Price Review

Ethereum Classic (ETC) is among the gainers today as evidenced by its price movements. The Ethereum Classic price fluctuates around the Alligator indicator lines, suggesting a lack of a clear trend.

On the other hand, looking at momentum indicators, we see the Relative Strength Index (RSI) is near the 50 level, which does not significantly favor either bulls or bears. As of press time, the Ethereum Classic price stood at $27.52, representing a 3.78% increase from its previous 24-hour price.

4-hour ETC/USDT Chart | Source: TradingView Aptos Price Review

However, Aptos (APT) has fallen prey to the bear action in today’s session, as evidenced by its price movements. Looking at an in-depth analysis, we notice that The Aptos price is below the Ichimoku cloud, indicating a bearish trend. The cloud is expanding, which could suggest an increase in volatility.

Conversely, the Moving Average Convergence Divergence (MACD) is below zero and shows red bars on the histogram, which signals bearish momentum. As of press time, the Aptos price stood at $8.89, representing a 2.55% decrease from its previous 24-hour price.

4-hour APT/USDT Chart | Source: TradingView

Liquid Swap, the Aptos blockchain-based AMM that operates under Pontem Network, has integrated Kana Labs. The integration with the company, which offers smart wallet solutions for account abstraction and cross-chain operations, benefits Liquid Swap with the ability to swap between EVM and non-EVM platforms.

Liquid Swap Integration with Kana Labs Widget Allows Token Swap between EVMs and Non-EVMs

In its recent blog post, Kana Labs disclosed that Liquid Swap has integrated its “Kana Widget.” Pontem Network’s Liquid Swap operates as a prominent DeFi forum that provides its services on Aptos. It offers several services such as yield farming, staking, liquidity pools, and AMM DEX. These things help the layer-1 ecosystem adoption of Aptos with the blockchain infrastructure and dApps of the Move platform.

The DeFi ecosystem of Pontem Network additionally comprises a couple of other well-known products. They are Lumio (a VM layer 2 chain on Move) and Pontem Wallet (a self-custodial cryptocurrency wallet). The aforementioned widget works as a plug-and-play instrument. It permits the DeFi entities to get instant cross-chain capabilities. A cutting-edge bridge aggregator and cross-chain liquidity power the respective tool.

The Users Can Swap Between Solana, Aptos, and Ethereum Ecosystems with the Integration

Following the accomplishment of this integration with Liquid Swap, consumers will be able to perform diverse token swaps. In this respect, they can swap crypto tokens between Solana, Aptos, and Ethereum ecosystems. The token swaps across the chains would usually prompt a consumer to transfer utilizing a centralized exchange. Otherwise, they would need more than one swap across diverse DEXs.

This entire process is time-consuming and incurs huge gas fees while switching between diverse bridges and DEXs. In such a situation, the widget of Kana Labs lets the developers straightly link their entity to the platform’s AMM Swap aggregator. It is reportedly driven by Kana Labs’ cross-chain decentralized exchange as well as bridge aggregator mechanism.

In a significant stride towards enhancing blockchain privacy solutions, HOPR has proposed the development of GnosisVPN, leveraging their expertise alongside the robust infrastructure of GnosisDAO. 

The proposal, currently under discussion in Phase 2 at the GnosisDAO forum, aims to secure a substantial $1.5 million investment to foster this pioneering venture. 

This collaboration seeks to merge HOPR’s innovative privacy technology with Gnosis’s blockchain, focusing on creating a decentralized VPN that enhances user privacy across blockchain interactions.

GnosisDAO has decided on a combined investment of US$1.5M and 500 GNO tokens in @hoprnet, a pioneer in providing fully private, uncensorable data exchange between peers, to undertake the development of the fully decentralised GnosisVPN.Let's have a look details and more↓ pic.twitter.com/Imw1bLt2B8

— GnosisDAO (@GnosisDAO) April 26, 2024

Enhanced Security and Accessibility

The GnosisVPN initiative represents a critical evolution in blockchain privacy, focusing on enhancing the security and accessibility of blockchain applications. 

By addressing the limitations of traditional VPN solutions, which often suffer from centralization and potential data mishandling, GnosisVPN aims to provide a decentralized alternative. 

This service will utilize HOPR’s mixnet technology to offer a resilient, censorship-resistant network, enabling safer and more private data transmission across blockchain platforms.

The development of GnosisVPN is set to unfold in two phases, starting with a focus on HTTP and Web3 users. The initial goal is to launch a browser extension that facilitates access to various services within the Gnosis ecosystem, such as Cowswap, Safe, and the HOPR Staking Hub. 

This phased approach allows for rigorous testing and scaling of the network to ensure robust performance under increased loads. HOPR plans to expand the VPN’s capabilities to support a wider range of data transport protocols, making it a versatile tool for various online activities.

Strategic Partnership for a Decentralized Future

This proposal not only signifies a major milestone for HOPR in terms of funding but also aligns with their long-term vision of supporting comprehensive data transport privacy. GnosisDAO’s potential investment would extend HOPR’s operational runway significantly, allowing them to dedicate substantial resources to bring GnosisVPN to fruition. 

Furthermore, this venture promises to position both HOPR and GnosisDAO at the forefront of decentralized technology innovation, paving the way for a more interconnected and privacy-respecting digital landscape.

NodeKit, a prominent player in blockchain solutions, has announced a strategic partnership with NEAR Protocol to introduce NEAR’s Data Availability (DA) solutions to its composability layer. This collaboration aims to enhance the interoperability and efficiency of rollups and specialized blockchain networks by facilitating synchronous cross-chain communication.

NEAR DA heads to @nodekitorg, offering rollup developers the opportunity to unlock data availability that is incredibly fast, cost-efficient, and powered by NEAR.See for yourself:https://t.co/q0XGWX2616 https://t.co/xRPAYVqPfm

— NEAR Protocol (@NEARProtocol) April 26, 2024

The partnership between NodeKit and NEAR Protocol will allow developers to build rollups on the composability layer to integrate NEAR DA into their systems. This integration will expand rollups’ capabilities, enabling them to choose all components of their technology stack while maintaining their autonomy and sovereignty.

Technical Advancements

NEAR DA utilizes Nightshade, a cutting-edge part of NEAR’s consensus mechanism. Nightshade improves network performance by parallelizing operations into multiple shards, each representing a segment of a block. These shards are then aggregated to form a complete block, optimizing the process for chains with high transaction volumes. This sharding mechanism not only speeds up transaction processing but also provides a cost-effective solution for data availability.

This new development is expected to significantly enhance the scalability and flexibility of blockchain networks, particularly those dealing with high volumes of transactions. By leveraging NodeKit’s composability layer in conjunction with NEAR’s innovative sharding technology, the partnership is poised to set new standards in blockchain interoperability and efficiency.

A recent announcement by Footprint Analytics, a trailblazer in blockchain data solutions, marks a pivotal moment, with the firm forging a partnership with Core Chain, an avant-garde Layer 1 blockchain platform powered by Bitcoin. 

This alliance promises to meld advanced data analytics with robust blockchain infrastructure, setting the stage for transformative enhancements across the blockchain ecosystem.

Pioneering Integration: Core Chain’s Blockchain Innovation

Core Chain emerges as a cornerstone in this partnership, distinguished by its integration with Bitcoin’s security protocols and its compatibility with Ethereum Virtual Machine (EVM). This fusion not only underscores Core Chain’s commitment to security via Bitcoin’s mining prowess but also its adaptability, fostering a fertile ground for decentralized applications (dApps). 

The introduction of such a platform is a game-changer, providing developers with the dual benefits of Bitcoin’s unparalleled security and Ethereum’s extensive dApp environment.

Exciting Partnership Footprint Analytics teams up with Core Chain @Coredao_Org to reshape blockchain infrastructure and drive innovation.We'll enrich the Core community with valuable data insights and creative solutions. #blockchain #data #CoreChain #CoreDAO pic.twitter.com/ZZlocac10m

— Footprint Analytics (@Footprint_Data) April 26, 2024

On the other side of this partnership is Footprint Analytics, whose expertise in processing and simplifying complex blockchain datasets is unmatched. Their advanced AI-driven tools and APIs are pivotal for developers seeking to understand and optimize blockchain operations. 

By integrating these tools with Core Chain’s infrastructure, the partnership ensures that developers have access to comprehensive analytics that can guide the fine-tuning of applications from inception to deployment.

Tony Zhang, co-founder of Footprint Analytics, remarked on the collaboration’s scope, emphasizing its potential to catalyze blockchain innovation through enriched data insights. This collaboration is not merely about data integration; it’s about crafting a toolkit that empowers developers to innovate responsibly and effectively in the Web3 space.

Expanding Horizons: Broader Implications for Blockchain Technology

The strategic alliance between Footprint Analytics and Core Chain is indicative of a broader trend where data analytics and blockchain technology converge to enhance functionality and user experience. This partnership is expected to set a precedent for how blockchain platforms can leverage data to drive user engagement and network growth.

As blockchain technology continues to evolve, the integration of comprehensive data solutions like those offered by Footprint Analytics with versatile blockchain platforms like Core Chain will likely become a standard. This symbiosis not only enhances the capabilities of individual platforms but also elevates the entire blockchain ecosystem, promoting a more interconnected and efficient digital future.

The recent Bitcoin Halving resulted in the highest unrealized profits in Bitcoin supply prior to a halving event ever observed. More specifically, at a MVRV Ratio of 2.26 investors currently hold significant paper gains compared to their initial investment cost. This means that on average, an individual unit of BTC has an impressive +126% paper gain.

Currently, the unrealized profit held within the #Bitcoin supply is the largest it has ever been moving into a Halving event (as measured by MVRV).In other words, investors are holding the largest paper gains relative to their cost basis as of a halving date. With the MVRV… pic.twitter.com/d5M6YPYit4

— glassnode (@glassnode) April 26, 2024

Bitcoin’s Fourth Halving Reduces Production Subsidies

Bitcoin’s deterministic process is governed by the Difficulty Adjustment mining algorithm for the currency’s emission schedule. Although numerous mining rigs participate in the process, the algorithm ensures that an average block interval is still around 600 seconds. The fact occurs regardless of the change in hash rate, meaning that every 210,000 blocks or every fourth year, the number of newly minted coins gets halved.

The recent Fourth Bitcoin Halving saw the production subsidies decrease from 6.25BTC/Block to 3.125BTC/Block or an issuance of close to 450 BTC/day. With the Fourth Epoch coming, 93.75% of Bitcoin’s 21M terminal supply is mined and emitted, leaving about 1,312,500 BTC to be issued in the next 126 years. Similarly, with each halving, there is an event when the remaining supply equals the new block subsidy.

Bitcoin 50% of Remaining Supply to be Mined Before Fifth Halving

Between the fourth and fifth halvings, 50% of the remaining supply will be mined. The Fourth Bitcoin Halving has halved the annualized inflation rate of the Bitcoin Supply in half, further cementing its position as continously greater than Gold as measured through issuance scarcity.

Overall investor yield can continue to be supported against the halving through a positive spot value action and historical altitude breach, producing a decrease in the decrease of the miner’s income in proportion to the starting point of the year. This halving epoch proceeds to portray reducing growth rates in all network data.

In a significant move to enhance understanding and promote responsible innovation within the Web3 space, Hedera, in partnership with the Blockchain Foundation, has announced the launch of an Education Learning Briefing Series. 

This initiative, designed to explore critical aspects of responsible innovation, is set to unfold across several U.S. cities including Washington, DC; Boston, MA; Columbus, OH; and Anaheim, CA. The series will emphasize the interconnectedness of the burgeoning Web3 ecosystem with traditional financial systems, aiming to highlight the collaborative efforts needed to foster a secure and prosperous digital future.

This educational endeavor aligns with the goals of the bipartisan Financial Literacy & Wealth Creation Caucus and involves key public institutions. It seeks to demonstrate that the development of the Web3 ecosystem is a collaborative effort involving not only new entities but also established institutions that are developing tools and standards for financial security and risk mitigation. 

The briefings will serve as a platform to educate and empower participants in the Web3 market, illustrating the potential of these technologies to support financial literacy and wealth creation among the broader public.

In collaboration with @TheBlockFound, #Hedera is excited to announce the launch of an Educational Learning Briefing Series aimed at educating the market, guiding effective policy, empowering institutions exploring #blockchain, and advancing responsible innovation within #web3.… https://t.co/jFyxFHBMDV

— Hedera (@hedera) April 26, 2024

Bridging Knowledge Gaps in Web3

The kickoff event for the series will feature prominent members from the Congressional Financial Literacy & Wealth Creation Caucus, including U.S. Representatives Joyce Beatty (OH-03), Young Kim (CA-40), and Wiley Nickel (NC-13). Esteemed leaders from the Aspen Institute, Consumer Reports, and the Alliance for Innovative Regulation will also contribute their insights. 

Nilmini Rubin, Chief Policy Officer at Hedera, emphasized the importance of education in the Web3 sector, stating that this initiative aims to build a more informed and resilient ecosystem by engaging with both institutional stakeholders and the community at large.

The series will officially begin with a luncheon briefing in Washington, D.C., scheduled for Tuesday, April 30th, 2024, from 11:30 AM to 1:30 PM EST. This event not only marks Financial Literacy Month but also coincides with Small Business Week, highlighting the series’ commitment to enhancing financial literacy across various demographics. 

Cleve Mesidor, Executive Director of Blockchain Foundation, expressed enthusiasm about bringing these crucial discussions to local communities, underscoring the importance of grassroots involvement in shaping the future of Web3.

Hedera’s Role and Vision for Web3

Beyond the educational series, Hedera continues to play a pivotal role in the development of the Web3 framework. Known for its decentralized, open-source, proof-of-stake network, Hedera is distinguished by its governance model which involves a global council of diverse industry-leading organizations. 

This structure facilitates broad-based participation and decision-making, reflecting a commitment to inclusivity and transparency in the development of digital infrastructure.

As Hedera and Blockchain Foundation advance this educational series, they underscore their commitment to not only fostering innovation but also ensuring that it is conducted responsibly. By addressing the complexities and potential risks associated with Web3, they aim to equip stakeholders with the knowledge and tools necessary to participate effectively and safely in this evolving digital landscape. 

This initiative represents a significant step forward in bridging the gap between traditional financial institutions and the dynamic world of Web3, paving the way for more informed, ethical, and sustainable growth in the digital economy.

Identifying promising assets amidst the vast array of options in the crypto market is crucial for maximizing returns. Among the plethora of choices, Solana (SOL), Toncoin (TON), and DTX Exchange (DTX) emerge as notable contenders, sharing bullish similarities that catch the eye of seasoned experts.

Could these be the best cryptos to buy now? Let’s find out.

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Zeta Token Launch Sends SOL Soaring 10.52%

As the third week of April 2024 unfolded, Zeta Markets, a leading decentralized derivatives platform within the Solana ecosystem, made headlines with the unveiling of its native token Z. This governance token marks a significant step towards empowering users and engaging the wider Solana community in shaping the future of Zeta Markets. 

With the launch and accompanying airdrop, Zeta aims to foster a collaborative environment where stakeholders have a voice in crucial decisions while rewarding token stakers for their participation and support.

This Solana news came with a 10.52% ascent as SOL soared from $142.08 to $157.03 within a week. Experts believe that SOL will maintain its position in the green zone to trade at $301.76 by the close of 2024, indicating a 92.17% uptick from $157.03.

Toncoin (TON) Surges 121.27% Following Mirana Ventures’ $8 Million Injection

A post published in the first week of March 2024 revealed that Mirana Ventures, a prominent player in the web3 space, had injected an impressive $8 million investment into the Open Network (TON) ecosystem. Collaborating closely, the TON team and Mirana Ventures are set to unveil the SuperApp, a groundbreaking initiative to drive widespread blockchain adoption. By prioritizing accessibility and user-friendliness, this collaborative effort seeks to fast-track the development of an innovative application, poised to revolutionize how people interact with blockchain technology.

Following the announcement, Toncoin (TON) rose from $2.68 to $5.93 by the final week of April, registering a 121.27% surge. TON is set to maintain this upward momentum as experts project it will be valued at $15.48 by Q3 2024, indicating a 161.05% jump from $5.93.

DTX Exchange: The Perfect Crypto for Beginners, with 500% ROI Potential

DTX Exchange stands out in the crypto arena as a cost-effective, scalable, and innovative platform poised for significant impact. Offering a unique blend of centralized and decentralized exchange features, DTX Exchange (DTX) has swiftly captured the attention of new investors, making it the perfect crypto for beginners.

Its remarkable performance during the token presale stage, raising over $100K in just two days and surpassing $250K within a week, has catapulted it into the spotlight. With over 80% of its token allocation sold at $0.02 per token, momentum continues to build for the project. Analysts are bullish on DTX’s potential, foreseeing an achievement of 500% ROI when DTX hits major exchanges at an anticipated value of $0.12. This promising outlook has sparked considerable interest among investors, underscoring the project’s undeniable appeal and potential for substantial returns.

Ultimately, DTX Exchange (DTX) emerges as one of the best coins to invest in this year. Grab your DTX tokens now to enjoy the profits as well!

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5ireChain is excited to announce its latest partnership with Openfabric AI. The platform was developed to make the creation and deployment of AI applications easier for people of all skill levels. It is a perfect fit as 5ireChain continues to work toward a more sustainable, accessible, and innovative world.

We're delighted to announce our partnership with @openfabricai , a platform that makes building and deploying AI applications effortless for everyone. This collaboration marks an important milestone on our journey to creating a more #sustainable, accessible, and innovative… pic.twitter.com/uqN6r6Ih4f

— 5ireChain (@5ireChain) April 26, 2024

5ireChain Explores New AI Frontiers with Openfabric AI Partnership

By combining AI and blockchain technology, the two companies hope to provide solutions to some of the world’s most pressing problems. These include climate change, renewable energy, financial inclusion, and social welfare. Both companies will combine their resources and talents to develop products that create social and environmental benefits.

Openfabric AI is a platform that developers can use to create and deploy AI applications without the need for in-depth knowledge of machine learning. It eliminates the complexity of developing AI applications by providing pre-built AI models and no-code capabilities that shorten the development process suitable for developers of all kinds of backgrounds.

Openfabric AI’s platform will allow 5ireChain to open new frontiers in the intersection of AI and blockchain. By taking advantage of Openfabric AI’s tools and a pool of resources, 5ireChain will fast-track the establishment of new AI-powered solutions.

5ireChain and Openfabric AI Pursue Environmental Objectives

The partnership between 5ireChain and Openfabric AI emphasizes that they have common goals throughout which they wish to make technology drive sustainable social and environmental objectives. Additionally, they will equip creativity and implementation to solve the most pressing issues in the most effective way.

As mentioned above, it is hoped that their effort will be a critical step for 5ireChain and Openfabric AI in the usage of AI and Blockchain cooperation for social connotation. Therefore, 5ireChain and Openfabric AI will want to build surroundings that are good for humanity by using novel technology to address global issues of importance.

This Thursday marks a notable event in the cryptocurrency options market, with nearly 96,000 Bitcoin (BTC) options and 990,000 Ethereum (ETH) options set to expire. The total notional value of these expirations amounts to approximately $6.2 billion for BTC and $3.1 billion for ETH. The BTC options have a Put Call Ratio of 0.68 and a Maxpain point at $61,000, while ETH options show a ratio of 0.51 with a Maxpain point at $3,100.

April 26 Options Data96k BTC options are about to expire with a Put Call Ratio of 0.68, a Maxpain point of $61,000 and a notional value of $6.2 billion. 990k ETH options are about to expire with a Put Call Ratio of 0.51, a Maxpain point of $3,100 and a notional value of $3.1… pic.twitter.com/zgJ7ASR4Ll

— Greeks.live (@GreeksLive) April 26, 2024

The crypto market has experienced a significant downturn in volume this week, with Bitcoin and Ethereum prices oscillating at lower levels. This lull has resulted in a sharp decline in Implied Volatility (IV) across all significant terms, with the Dvol index showing a decrease of up to 15% since the Bitcoin halving event. Despite expectations, the halving did not inject the anticipated volatility into the market, leading instead to an acceleration in the selling of options.

Effects of the BTC Halving

The BTC halving, which traditionally precedes increased market activity, has yet to live up to its potential this cycle. Following the event, the implied volatility of BTC plummeted from 75% to 65%, marking a new low since March. This drop is attributed to a stagnant market that not only reduced realized volatility but also suppressed volatility expectations due to a wait-and-see attitude following the release of margins from significant quarterly deliveries.

Implied volatility of BTC and ETH declined rapidly after the BTC halving, with the BTC Dvol falling from 75% to 65%, a new low since March.On the one hand, the stagnant market has caused the market realize volatility a significant drop, suppressing implied volatility from the… pic.twitter.com/WItW67XSE2

— Greeks.live (@GreeksLive) April 24, 2024

The subdued market sentiment is further compounded by recent outflows from cryptocurrency Exchange Traded Funds (ETFs) and the persistent cautious stance of major investors following market upheavals. Historical trends suggest a continuation of price weakness for BTC starting from mid-April, making the selling of May calls potentially cost-effective for traders looking to hedge or capitalize on this trend. The high resistance for BTC to return to its all-time highs continues to challenge market optimism.

In a significant endorsement of decentralized physical infrastructure (DePIN) technologies, NFT Technologies Inc. has announced a new milestone in its investment portfolio. Metablox, a key player within NFT Tech’s portfolio, has recently secured an investment from Samsung Next for its flagship product, Roam. This investment not only signals a substantial achievement for Metablox but also validates the broader potential and applicability of DePIN technologies in enhancing global connectivity.

The involvement of Samsung Next, a leading technology innovator, in supporting Roam underscores the project’s viability and its potential to redefine connectivity solutions globally. For Metablox, this partnership is expected to catalyze further growth and accelerate the adoption of its innovative solutions. This collaboration aligns with the vision of both companies to foster a more interconnected world through advanced technological solutions.

Strategic Implications of Samsung Next’s Investment

Wayne Lloyd, CEO of NFT Tech, articulated the strategic importance of this collaboration, emphasizing that the company’s focus on developing DePIN infrastructure places it at the vanguard of the digital revolution. The recognition by a global tech giant like Samsung Next not only highlights the success of Metablox but also showcases the efficacy of NFT Tech’s investment strategy which aims to harness the decentralized potential of blockchain technologies.

The partnership with Samsung Next enables Metablox’s Roam to expand its operational capabilities and market presence significantly. This enhancement is poised to set new benchmarks in the integration of blockchain technology with physical infrastructure projects, advancing decentralization and setting a new standard for global connectivity solutions.

Navigating the Future with Blockchain-Enhanced Connectivity

Looking forward, NFT Technologies continues to champion the growth and development of Metablox, along with other innovative ventures within the DePIN sector. The company is steadfast in its commitment to leveraging blockchain technology to forge a more efficient and accessible global infrastructure network. This commitment is evidenced by Metablox’s innovative approach in transforming how users interact with public WiFi networks.

Metablox’s pioneering protocol enables users to navigate public WiFi networks effortlessly using decentralized identifiers (DIDs) and verifiable credentials (VCs). 

This technology eliminates the repetitive and cumbersome processes of logging in, reconnecting, and managing passwords that plague current users during local and international travel. By fostering a unified global WiFi OpenRoaming network, Metablox is eliminating these barriers, enhancing user experience, and paving the way for a decentralized network of wireless access.

Moreover, Samsung Next’s role as an investment group that supports cutting-edge technologies across various sectors—including AI, blockchain, and fintech—complements its strategic investment in Metablox. This partnership not only underscores Samsung Next’s commitment to fostering innovation but also highlights the potential for blockchain technologies to revolutionize industries beyond traditional financial applications.

In the ever-evolving domain of digital currencies, security remains a paramount concern for users. Among various threats, a ‘dusting attack’ is a relatively less known but increasingly prevalent tactic used by cybercriminals. This article demystifies the concept of dusting attacks, highlighting their purpose, execution, and ways to protect against them.

Decoding Dusting Attacks

A dusting attack occurs when a malicious actor sends tiny amounts of cryptocurrency, often referred to as “dust,” to a large number of wallet addresses. The term ‘dust’ refers to amounts that are so small they often go unnoticed, akin to the dust particles that might gather on a bookshelf. These minute transactions might seem benign, but they carry a hidden agenda.

The Hidden Agenda of Dust

The primary objective of dusting attacks is not to steal from the wallet directly but rather to compromise the privacy of the wallet holder. By analyzing the flow of these dust transactions, attackers can potentially track down the identity of the wallet owner. Once the attackers link the dusted coins to the person’s other transactions, they can employ various phishing and scamming strategies or even sell this information to third parties.

Defending Against Dust: Best Practices

Monitor Small Transactions: Regularly review incoming transactions. Dust amounts might often be too minuscule to impact your wallet’s total value, but they can be indicative of a dusting attack.

Use Anti-Dusting Filters: Some wallets offer features to automatically block dust transactions. Activating such filters can provide an added layer of security.

Practice Address Segmentation: Using different addresses for transactions can prevent attackers from connecting the dots across your transactions.

Remain Anonymous: Protect your identity by avoiding the publication of your cryptocurrency addresses in public spaces like social media or forums.

The Implications of a Breach

Falling victim to a dusting attack might lead to targeted phishing attacks or cyber extortion. The stolen data could also undermine the fungibility of your cryptocurrency by associating your wallet with illegal activities if the dust came from dubious sources.

Vigilance is Key

Understanding what a dusting attack is and recognizing the potential risks are essential steps in maintaining both your financial and privacy security. In the digital age, where cryptocurrency (Bitcoin) transactions form a significant part of our financial interactions, being educated and vigilant can make all the difference in safeguarding one’s assets.

The crypto world is abuzz with speculation and analysis following the Bitcoin (BTC) halving event. Amidst the excitement, a sobering note of caution has been sounded by Rekt Capital, a seasoned analyst known for his insightful perspectives on market dynamics. In a series of tweets that rippled through the digital asset community, Rekt Capital shed light on what he termed as the “post-halving danger zone” for Bitcoin’s price, urging investors to brace for potential turbulence ahead.

The concept of a “danger zone” might seem ominous, but it’s rooted in a keen understanding of Bitcoin’s historical price behavior surrounding halving events. Rekt Capital’s analysis delineates two distinct phases: the pre-halving and post-halving periods. While the former is characterized by anticipation and speculative fervor, the latter poses unique challenges and risks for Bitcoin’s price trajectory.

Rekt Capital conveyed that the Pre-Halving ‘Danger Zone,’ where historical Pre-Halving Retraces commence, had concluded. Nonetheless, according to him, Bitcoin had recently entered the Post-Halving ‘Danger Zone,’ where there is a possibility of additional downside volatility within a three-week timeframe following the Halving, as observed in the 2016 cycle.

#BTC The Pre-Halving "Danger Zone" (orange) where historical Pre-Halving Retraces begin is overHowever, Bitcoin has just entered the Post-Halving "Danger Zone" where additional downside volatility can occur within a 3-week time window after the Halving, as per the 2016 cycle… pic.twitter.com/eNSrP7Yd3I

— Rekt Capital (@rektcapital) April 26, 2024

Peril and Promise for Bitcoin

Drawing upon historical precedent, Rekt Capital underscores the significance of the post-halving phase, particularly in light of Bitcoin’s previous halving cycles. In 2016, following the halving event, Bitcoin experienced a notable downturn, plunging into what Rekt Capital terms as the “Range Low,” accompanied by an 11% downside wick. Fast forward to the present cycle, and Bitcoin finds itself once again in the throes of post-halving uncertainty, with the Range Low looming ominously on the horizon.

But what does this mean for investors and enthusiasts eagerly awaiting the next chapter in Bitcoin’s saga? It’s a question that underscores the intricacies of navigating the volatile landscape of digital assets. While halving events are often heralded as bullish catalysts, they also usher in a period of heightened volatility and price retracements, as evidenced by historical patterns.

#BTC The Bitcoin Post-Halving "Danger Zone" (purple) is where historical Post-Halving Retraces have continuedIn 2016, Bitcoin experienced additional downside in the following three weeks after the HalvingThis downside saw price drop into the Range Low and produce an -11%… pic.twitter.com/WFbb2N8Anh

— Rekt Capital (@rektcapital) April 26, 2024

In the face of this uncertainty, Rekt Capital’s warnings are a timely reminder of the importance of prudent risk management and strategic decision-making. As investors chart their course in the post-halving terrain, it’s imperative to tread carefully, armed with a nuanced understanding of market dynamics and a keen eye for emerging trends.

The road ahead for Bitcoin is fraught with both peril and promise, as it grapples with the dual forces of historical precedent and newfound optimism. For those in the crypto community, the coming weeks will be a litmus test of resilience and adaptability, as Bitcoin navigates the choppy waters of post-halving volatility. In the end, it’s not just about weathering the storm but emerging stronger and more resilient in the face of uncertainty—a sentiment that echoes the spirit of innovation and resilience at the heart of the crypto revolution.

In the latest move, Citizend has partnered with the Arbitrum platform, bringing the era of community-driven project support to the ecosystem. The partnership gives every user the ability to influence what happens to upcoming projects within the ecosystem. Citizend was established as a cooperation from Outlier Ventures, the entity famous for speeding up more than 270 projects. Some of the projects include Fetch.ai, Biconomy, XAI, and Fractal ID, where these successful projects have amassed 1.1 million verified users. The platform seeks to create a high-class space for the launch of projects, focusing on quality and using the community.

Happy to welcome @citizendxyz to Arbitrum to democratize support for projects in our ecosystem!Arbinauts, this is your chance to choose the next wave of projects building the future of our chain https://t.co/E29AV01cuH

— Arbitrum ( , ) (@arbitrum) April 26, 2024

Citizend Revolutionizes Token Launch Decisions with Democratic System

Citizend is a platform where things are done differently, as opposed to traditional token launch systems. The platform allows users to safely determine which projects to launch and which ones to drop ideal in transforming launch decisions into a democratic system. Citizend is committed to facilitating secure and fair token launches.

Citizend introduces the Citizend Passport, an identity-based system allowing users to access various platforms within the ecosystem using a reusable platform. Users are able to access more than one platform without having to create multiple log-in credentials. The system operates via the use of the idOS technology, enhancing the user experience and data privacy.

Arbitrum Partnership Empowers Citizend Users with Expanded Blockchain Opportunities

The emphasis of Citizend on pricing discovery and community distribution is another notable feature. Users can contribute to determining market prices and the allocation of tokens through Citizend. In addition to being user-centric, this system also nurtures a clear sense of ownership among users.

Moreover, another novelty development in this novel is working with Citizend through the Arbitrum platform. Thus, through this entity, the users will be able to offer so much in the blockchain sector and blockchain. Users on the Arbitrum network can access thousands of decentralized applications without paying any inherent charges. Many things can be done with this platform.

Lastly, the cooperation of Citizend and Arbitrum represents another milestone in the development of decentralized finance and blockchain. This platform provides the potential to reform the project support and token launch industries by giving users meaningful say. Therefore, Citizend has a bright future outlook.