The DTCC, a financial services company, made an announcement stating that exchange-traded funds (ETFs) and similar investment products tied to Bitcoin or other cryptocurrencies won’t be given any collateral value. 
The Depository Trust and Clearing Corporation (DTCC), which handles clearing and settlement services for financial markets, announced that it won’t offer collateral or extend loans to exchange-traded funds (ETFs) linked to Bitcoin or other cryptocurrencies.

DTCC Implements Changes to Collateral Values for Cryptocurrency ETFs
The Depository Trust and Clearing Corporation (DTCC) announced changes to collateral values for specific securities during its annual line-of-credit facility renewal, effective April 30, 2024. This update may impact position values in the collateral monitor.
According to the notice released on April 26, ETFs and similar investment instruments with Bitcoin (BTC) or other cryptocurrencies as underlying assets will not be assigned any collateral value. This decision results in a 100% reduction in their collateral value.
However, cryptocurrency enthusiast K.O. Kryptowaluty clarified in a post on X that this change applies solely to inter-entity settlement within the line of credit system.

Source: K.O Kryptowaluty
In lending and brokerage activities, cryptocurrency ETFs can still be utilized without disruption, depending on individual brokers’ risk tolerance. A line of credit allows borrowers to access funds up to a predetermined limit, paying interest only on the borrowed amount.
While DTCC’s stance affects crypto ETFs, traditional players like Goldman Sachs have seen clients reentering the crypto market in 2024. This renewed interest follows the approval of spot Bitcoin ETFs and demonstrates a diverse sentiment within the industry.

Spot Bitcoin ETFs Garner Institutional Interest
The introduction of spot Bitcoin ETFs in the United States has sparked growing institutional interest in this investment product. Within just three months of their launch, all U.S.-based Bitcoin ETFs have collectively amassed over $12.5 billion in assets under management.
Initial Surge in Investments: In February, approximately 75% of new Bitcoin investments originated from the 10 spot Bitcoin ETFs approved in the U.S. on Jan. 11. This surge reflected a significant uptick in institutional adoption of these ETFs.
Recent Slowdown in Inflows: However, recent data suggests a slowdown in net inflows to these ETFs. Multiple ETF issuers have reported notable outflows in recent days. According to Farside Investors, spot Bitcoin ETFs in the U.S. experienced a net outflow of $218 million on April 25, following a $120 million outflow the previous day.
Notable Outflows from GBTC ETF: Grayscale’s GBTC ETF witnessed a significant single-day outflow of $82.4197 million. Cumulatively, the total net outflows from GBTC amount to a substantial $17.185 billion, as per data from Farside.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Megadrop #Bitcoin #ETF #BotcoinETF $BTC $ETH $USDC

Bonk (BONK), the first dog-themed memecoin on the Solana (SOL) network, persisted in its upward trend despite the overall market downturn. Surging by 12% in the last 24 hours, it ranked as the second-highest gainer in the market.
Additionally, Bonk emerged as the best-performing asset of the past week, boasting gains of over 83%. This surge sparked heightened speculation and led to a significant increase in daily trading volumes, reaching levels not seen in over a month.

Token Burning Sparks BONK Rally
The recent surge in BONK’s value could be attributed to a proposal by the BONK DAO to burn approximately 280 billion BONK tokens from its treasury, which was subsequently approved.
Token burning has emerged as a highly anticipated event in the cryptocurrency industry. Many projects seek to implement strategies to apply deflationary pressure on their coins by permanently removing a portion of their supply.
With expectations of a price increase for BONK following the supply shock caused by the token burn, numerous users may have been enticed to acquire the coin, contributing to its rally.
Futures Traders Bullish on BONK
Amid BONK’s rally, futures traders exhibited optimism, with a notable increase in the number of traders longing the coin over the week. Analysis of Coinglass’ data revealed that this surge in long positions surpassed the number of shorts at the time of writing.

      Source: Coinglass
BONK’s surge also garnered attention across prominent crypto-focused social channels, including Telegram, Reddit, and Discord. Discussions on these platforms predominantly expressed optimism regarding the coin’s future prospects, as indicated by the positive weighted sentiment indicator.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#BONK  #Altcoin  #Bitcoin  #Memecoin #Memecoins $BONK

Ex-Grayscale Director Phil Bonello predicts a Bitcoin price drop to $52,000, citing recent market trends and a potential correction ahead.
Phil Bonello suggests a significant Bitcoin correction amid concerns about inflation and geopolitical tensions posing threats to the broader crypto market. The recent drop in Bitcoin’s value saw long liquidations reaching nearly $35 million, further fueling the downturn.

Insights from Phil Bonello and Michaël van de Poppe
Phil Bonello, in a recent post on X, outlined several crucial points regarding the Bitcoin market, including a potential 20% chance of Bitcoin dropping to $52,000. He cited inflation concerns, fiscal spending trends, and the performance of alternative cryptocurrencies as key factors driving this possibility. Bonello emphasized the growing inflation as a significant concern and highlighted ongoing geopolitical tensions and the instability of the Yen as factors expected to impact the crypto market.
Moreover, Bonello noted the recent significant drops in altcoins, with many experiencing over a 50% decline and subsequently retesting support levels. Despite weak Bitcoin ETF flows, he expressed confidence in BTC’s resilience in absorbing such movements. He also anticipates substantial increases in ETF activity as the year progresses.
Additionally, Bonello pointed out that open interest in Bitcoin has returned to levels seen when the price was at $50,000, signaling a significant drop. Various market indicators, such as funding, basis, and skew, currently appear neutral.
Furthermore, crypto analyst Michaël van de Poppe echoed Bonello’s bearish outlook on Bitcoin. He suggested a prolonged period of slow sideways movement for the next 3-6 months, anticipating further corrections in the Bitcoin price. However, he anticipates stronger performance from altcoins during this period.

Bitcoin Price Decline and Market Activity Analysis
The Bitcoin price lost momentum, dipping below the $63,000 mark on Saturday, April 27. At the time of writing, BTC crashed 2.39% to $62,909.50, despite boasting a massive market cap of $1.23 trillion.
Alongside the decline, Bitcoin’s 24-hour trading volume also saw a significant drop, plummeting by 24.62% to $23.39 billion. Coinglass reported that longs exacerbated the decline, with $34.68 million liquidations, accounting for 82% of the $42.19 million total liquidations recorded in the past 24 hours.
Crypto analyst Ali Martinez observed a recent decrease in Bitcoin whale activity since March 14, which could have contributed to the bearish trend in Bitcoin’s trajectory. Martinez further suggested that a surge in whale transactions could potentially ignite a rally in the Bitcoin price.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Altcoin  #Bitcoin  #CryptoNews  #CryptoMarket #BTC $BTC $BNB $USDC

Crypto assets saw significant price increases today, hinting at a possible round of rallies in the market. Bitcoin declined by 1.46% over the past week, while Ethereum recorded gains of 0.84%. Despite this, the overall market sentiment remains bearish, with the Fear/Greed index at 60.
This article delves into the performance of top gainers in the last 24 hours, aiming to identify potential breakout cryptocurrencies and provide insights for investors and traders. Additionally, an overview of the market trend highlights crypto assets with potential for significant future gains.

Emphasis on Value: Prioritizing Asset Selection
In the world of cryptocurrency, enthusiasts and analysts alike prioritize assets that promise the highest returns on invested capital. This focus underscores the importance of selecting investments that offer the greatest potential for profitability and growth.
When evaluating potential investments, factors such as market trends, project fundamentals, and technological innovations play a crucial role. By analyzing these aspects, investors aim to identify assets that are poised to deliver significant value over time.
1. Analyzing Wormhole (W) Token: Performance and Functionality
Wormhole’s price has surged by 15.28% to $0.6083 in the last day, showcasing robust growth. Despite holding a modest market share of 0.05%, it is highly liquid, with a volume-to-market cap ratio of 0.6896. Its market capitalization stands at $1.14 billion, with a significant 24-hour trading volume of $784.33 million, underscoring its importance in the crypto market.
Over the past week, Wormhole has outperformed the overall crypto market, registering a 12.00% increase. However, it slightly trails behind similar cryptocurrencies within the Ethereum Ecosystem, which recorded a 12.70% rise during the same period.
In just the last day, W’s trading volume soared by an impressive 181.75%. If the token’s price surpasses the $0.6700 mark within the next two days, traders may consider buying to exit the consolidation channel. This potential breakout could attract more buyers, driving the price of W even higher, possibly reaching $0.9193 soon.

Wormhole recently achieved a significant milestone by launching on major blockchains such as Solana, Ethereum, Arbitrum, Optimism, and Base. As a result, the W token can now operate as an SPL token on Solana and an ERC20 token on Ethereum and other EVM-compatible chains. This dual functionality simplifies the process of transferring tokens between networks, eliminating the need for liquidity pools and marking the completion of the second phase of Wormhole’s W token launch plan.
2. Unlocking NEAR Protocol: A Rising Star in Blockchain
NEAR Protocol, a rapidly expanding blockchain platform, has attracted over $309 million in Total Value Locked (TVL) and secured its position among the top 20 valuable digital assets. With a fully diluted valuation of approximately $8 billion and a daily average traded volume of about $802 million, NEAR is gaining significant traction in the crypto space.

Analysts see promise in NEAR Protocol, particularly in comparison to Ethereum, owing to its emphasis on artificial intelligence (AI). Co-Founder Illia Polosukhin highlighted AI as a key focus for NEAR Protocol heading into 2024, underscoring its potential for innovation and growth.
NEAR Protocol offers developers a software solution to create decentralized applications (dApps). Utilizing sharding technology, the network divides transactions into segments, enhancing speed and scalability. Each node in the network handles a portion of transactions, contributing to overall efficiency.

NEAR’s price currently stands at $7.13, marking a notable 25.76% increase in the last week. Trading charts indicate a previous resistance level that could potentially serve as support in the future. According to the Elliott Wave sequence, the trend appears optimistic, with expectations for higher highs. Early involvement, particularly during the ICO phase, is deemed crucial for capitalizing on NEAR’s potential growth.
3. Unraveling Baby Doge Coin (BABYDOGE)
Baby Doge Coin (BABYDOGE) has emerged as one of the prominent dog-themed meme coins, gaining popularity notably after a tweet from Elon Musk. Despite the overall bearish sentiment in the crypto market, BABYDOGE witnessed a remarkable surge of over 9.39% in the last 24 hours.
The sudden uptick in BABYDOGE’s value can be attributed to robust community support for a new Decentralized Autonomous Organization (DAO) proposal. This proposal advocates for the implementation of 0% fees for transactions, purchases, and sales on the BNB Chain. Impressively, the proposal garnered over 98.89% support from the community, enabling BABYDOGE to vie with leading meme coins like Floki (FLOKI) and projects based on Solana in terms of trading volume.

BABYDOGE’s price has been consolidating within a large triangular pattern for over two years. Recently, it exhibited signs of a bullish trend following a breakout from a long-term downward trend and a retest of the upper boundary of the triangle. In the past two weeks, the meme coin’s price rebounded from the recent correction in the cryptocurrency market. Additionally, the weekly Relative Strength Index (RSI) witnessed a bounce back from the 50 level for the first time.

The sentiment surrounding BABYDOGE’s price prediction is currently optimistic, reflected by the Fear & Greed Index standing at 72 (Greed). This indicates increased token transactions and growing confidence in an upward trend, further fueling optimism among investors and traders.
4. Exploring Helium (HNT): A Potential Contender in the Crypto Market
Helium (HNT) is currently priced at $4.15, marking an impressive 17.05% increase in the last 24 hours. With a market dominance of 0.03% and a remarkable 124% surge over the past year, Helium has demonstrated significant growth. However, trading 83.47% above the 200-day Simple Moving Average (SMA) suggests a possibility of overbuying, despite robust liquidity with a volume-to-market cap ratio of 0.0407.
Recent trends indicate a shift in Helium’s trajectory. While a bearish trend was observed just a week ago, Helium’s price has surged by 126% over the past year, outperforming 65% of the top 100 crypto assets, including Bitcoin and Ethereum. Although the sentiment for HNT’s price prediction is presently bearish, the Fear & Greed Index reading of 70 (Greed) suggests increased token transactions and optimism for a potential uptrend.
Also Read:   Shiba Inu Raises $12 Million for Layer 3 Network Development
Helium has launched Hotspots powered by 5G technology, facilitating faster speeds and reduced latency. The project emphasizes realistic solutions without exaggerated claims. Individuals run these hotspots to establish a communal wireless network for Internet of Things (IoT) devices, promoting decentralization and scalability. With over 500,000 Helium LongFi Hotspots globally, the network is accessible and cost-efficient.
Helium Hotspots produce HNT tokens, incentivizing owners to maintain and expand the network. Moreover, holders of HNT tokens can stake them to operate validator nodes, enhancing network security and governance. If Helium fulfills expectations and the market remains bullish, it has the potential to emerge as one of the upcoming cryptocurrencies poised for significant growth.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#warmhole #near #HeliumNetwork #Megadrop $W $NEAR $BTC

This weekend and next week, expect many crypto tokens to unlock. These events usually bring more tokens into the market, pushing prices down. With significant amounts about to be released, brace for an impact on token prices.

TokenUnlocks data highlights major crypto token unlocks slated for this weekend and the upcoming week. These events have a known impact on cryptocurrency prices. Usually, unlocks result in more assets circulating, adding to selling pressure and influencing prices.

Upcoming Crypto Token Unlock Events

MEME Token Unlock: On May 3, over 5.31 billion MEME tokens, valued at $155.98 million, representing 31.97% of the circulating supply, will unlock. They will be distributed through a community airdrop, to advisors, and investors. Additionally, starting May 3, a linear unlocking of 49.47 million MEME tokens, worth $1.45 million, will occur daily.
dYdX Token Unlock: On May 1, the dYdX ecosystem will unlock 33.33 million DYDX tokens valued at $73.33 million, making up 10.72% of the existing circulating supply. These tokens will be distributed to founders, employees, future employees, and advisors.
Optimism (Ethereum L2) Unlock: On April 29, a lockup worth $58.47 million will be unlocked, distributing 24.16 million OP tokens to core participants and investors.
Echelon Prime Token Unlock: On April 30, the Echelon Prime network will unlock 1.66 million PRIME tokens, valued at $30.03 million, representing 4.43% of the circulating supply.
Sui Ecosystem and Manta Network Unlocks: Also on April 30, the notable Sui ecosystem will unlock 4 million SUI tokens valued at $4.88 million. Additionally, Manta Network will release 1.87 MANTA tokens worth $3.40 million into the market.

Ethena Token Unlock: Tokens valued at $46.71 million, representing 3.76% of the circulating tokens, will unlock for Ethena.
Tokens Unlocking Soon: What to Expect
On April 27, Saturday, the Yield Guild Games ecosystem will unlock 16.69 million YGG tokens valued at $15.12 million. This release will account for 4.57% of the circulating supply entering the market.
On April 28, Sunday, the artificial intelligence crypto ecosystem SingularityNET will draw investor attention with the unlocking of 8.84 million AGIX tokens. This unlock, valued at $8.32 million, will represent a transaction marking 0.69% of the circulating tokens.
Impact on the Market
These upcoming unlock events in the following days are observed to negatively affect the market. Generally, these unlocks lead to price drops if the necessary market volume is not maintained.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Altcoin  #Bitcoin  #CryptoNews  #CryptoMarket $BNB $SOL $USDC

Lucie, who specializes in Shiba Inu content, is confident in her prediction that SHIB will reach $0.01 in the future.
Shiba Inu has recently seen significant gains in the market, benefiting from the latest uptrend. Although the asset experienced a pause in Q4 2023 during the pre-bull run phase, it embarked on an impressive run from late February to March 5.

Shiba Inu’s Price Rally Sparks Optimism
The recent rally in Shiba Inu’s price, surpassing the $0.000045 mark, has reignited optimism among market participants. Predictions of even greater growth have resurfaced, with the $0.01 price target becoming a focal point.
Amid this excitement, Shiba Inu content specialist Lucie shared her views. Initially hesitant to comment as the price surge gained momentum, she emphasized her long-standing investment in Shiba Inu since 2021, highlighting her enduring enthusiasm for the project.
Lucie reiterated her belief in Shiba Inu’s potential to achieve higher price targets, particularly the $0.01 mark. While acknowledging that such a milestone might not be immediate, she expressed confidence in the cryptocurrency’s ability to eventually reach this level.

While some consider the $0.01 price target ambitious for Shiba Inu, similar sentiments existed regarding lower price goals in the past. Last year, challenges persisted between the $0.00003 and $0.00004 levels, with skepticism prevailing even as Shiba Inu faced resistance between $0.00005 and $0.00008.

Shiba Inu’s Potential for Future Growth
Hitting a high of $0.000045, a staggering 728% increase from the $0.00000543 low in June 2023, seemed nearly impossible. However, Shiba Inu defied expectations by achieving this milestone, rejuvenating optimism for its future potential.
Beyond the recent price surge, several catalysts contribute to renewed optimism. One significant factor is the burn campaign, which reduces SHIB’s circulating supply. Some proponents believe these burns could fuel SHIB’s chances of another significant rally, citing its 2021 rally despite the absence of burns.
Recently, a community figure highlighted 15 reasons why investors should have faith in Shiba Inu. These reasons include the asset’s recognition in Hong Kong, its connections with Robinhood, its non-security status, widespread support across major exchanges, and its active community. Additionally, the influencer emphasized that all Shiba Inu tokens are already in circulation and highlighted the project’s decentralized nature, among other factors. These bullish indicators further fuel optimism for a potential price surge to $0.01.
Varied Predictions for Shiba Inu’s Future Price
Lucie’s Expectations: Despite Lucie’s belief in Shiba Inu’s potential to reach $0.01, she does not foresee this goal being achieved in the near future. However, she refrains from providing a specific timeline, emphasizing that her views should not be construed as investment advice.
Analyst Projections: While Lucie’s outlook lacks a timeline, analysts at crypto trading platform Changelly offer a broader timeframe. They suggest that Shiba Inu could potentially hit the $0.01 mark sometime between 2033 and 2040. Conversely, Google Bard (now Gemini) presents a shorter-term perspective, predicting that Shiba Inu could reach $0.001 within 12 months if it maintains a 230% rally every month.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ShibaInu  #Altcoin  #Bitcoin #SHIB #MEMECOIN $SHIB $BONK $PEPE

Armando Pantoja, known as @_TallGuyTycoon, has made waves in the crypto community with his bold forecasts for various cryptocurrencies. Among his notable predictions is Shiba Inu, which he believes could hit $0.001 by the end of either 2024 or 2025. 
Currently trading at $0.00002529, Shiba Inu faces a substantial climb to reach the $0.001 target. This would require a remarkable 3,854.1% rally, eliminating two zeros from its current price and surpassing its all-time high of $0.00008845.

Analyzing Shiba Inu’s Potential Growth to $0.001
My #crypto price targets for 2024-2025$BTC: $100k-$250k$ETH: $10k-$15k$XRP: $3-$6$SHIB : $0.001+$DOGE : $1$SOL: $500-$1000$AVAX: $100+$ICP: $100+$INJ: $100-$200$PRO: $10-$20$HBAR: $5-$10— Armando Pantoja (@_TallGuyTycoon) April 24, 2024

While such an increase may appear improbable, historical data provides some grounds for cautious optimism. During the 2021 bull run, SHIB saw an astounding surge of 884,400% within ten months, showcasing its potential for rapid growth.
There are indications that SHIB could replicate this remarkable surge, potentially rendering Pantoja’s target a minor milestone in its journey. However, it’s essential to consider the context of this past surge, which primarily rode on meme-coin popularity without substantial utility or real-world applications.
The current landscape for SHIB differs significantly. The project has initiated efforts to broaden its utility beyond meme-coin origins, with partnerships and utility-driven projects indicating a more robust foundation for future growth.
Pantoja’s prediction lacks technical analysis or specific details on how SHIB could achieve this goal. However, it could be interpreted as an expectation for SHIB to replicate its historical growth pattern within the context of a new bull market driven by increased utility and its expanding role in the crypto market.
Diverse Market Forecasts for Shiba Inu (SHIB)
Market forecasts for SHIB vary considerably. Platforms like Telegaon offer a more conservative outlook, projecting SHIB to surpass $0.001 by 2035, with a maximum price set at $0.00216. For 2025, Telegaon sets a maximum price of $0.0000728 for SHIB.
Increasity (@Increasity), a well-known crypto investor with trading experience since 2014, shares Pantoja’s optimism. He also anticipates SHIB reaching $0.001 during this bull cycle, which many expect to conclude by 2025.
While past performance suggests the potential for significant growth, achieving this ambitious price point within the specified timeframe would necessitate favorable market conditions and ongoing development of SHIB’s utility. Nonetheless, with diligent efforts from Shiba Inu’s developers and support from the community, the meme coin may have a chance at reaching this target.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ShibaInu  #Prediction  #Altcoin  #Bitcoin #SHIB $SHIB $DOGE $PEPE

In the last 24 hours, Bitcoin has decreased by 1.99% and is currently trading at $63,018.62. Compared to the previous week, it’s down by 1.90%.
Ethereum, the second most popular cryptocurrency, has seen a 0.54% decrease from yesterday, with its current price at $3,124.58. However, compared to last week, Ethereum has increased by 1.85%. Its market capitalization now stands at $381.29 billion.

Current Prices of Major Cryptocurrencies
BNB and XRP: BNB is currently trading at $595.89, marking a 2.36% decrease from yesterday but showing a 6.36% increase from last week. XRP’s price stands at $0.55, down 1.69% in the last 24 hours, yet 1.18% higher than last week.
Cardano and Dogecoin: Cardano’s current trading price is $0.44, reflecting a 3.12% decrease, while Dogecoin is trading at $0.11, down by 2.87% from yesterday’s price.
Weekly Performance of Select Cryptocurrencies
Solana and Polka Dot: Solana and Polka Dot are currently trading at $136.91 (down 4.48%) and $6.75 (down 1.59%), respectively. Based on the weekly chart, Solana has experienced a decrease of 5.28%, while Polka Dot has declined by 0.33%.
Shiba Inu and Polygon: Shiba Inu and Polygon are currently trading at $0.000022 (down 2.2%) and $0.77 (down 3.03%), respectively. Shiba Inu has seen a notable increase of 7.8% over the last seven days, whereas Polygon has gained 2.73% in the same period.
Top Gainers and Losers in the Last 24 Hours
Top Gainers: The top five gainers based on the 24-hour movement are BitTorrent (New), ApeCoin, Litecoin, EOS, and TRON. They are currently trading at $0.0000011 (up 3.53%), $1.30 (up 2.76%), $87.43 (up 2.55%), $0.88 (up 2.23%), and $0.11 (up 1.66%), respectively.
Biggest Losers: The biggest losers of the day are dogwifhat, Wormhole, Ronin, Akash Network, and Sei. They are trading at $2.69 (down 11.19%), $0.55 (down 8.79%), $2.73 (down 8.16%), $4.37 (down 7.90%), and $0.55 (down 7.67%), respectively.
Understanding Stablecoins: Cryptocurrencies with Minimal Volatility
A stablecoin is a type of cryptocurrency known for its minimal volatility. Its value is typically pegged to a real-world asset, such as fiat currency or gold, aiming to maintain stability and provide a reliable store of value within the crypto market.
Among the popular stablecoins are Tether, USD Coin, and Binance. Currently, Tether is trading at $0.99, experiencing a slight decrease of 0.04%. USD Coin remains flat at $0.99. However, Binance, another stablecoin, is trading at $58,700, marking a decrease of 5.02%.
Understanding DeFi Tokens: Revolutionizing Financial Services
Definition and Scope: DeFi, short for decentralized finance, encompasses a broad range of global, peer-to-peer financial services facilitated by public blockchains. These services aim to democratize access to traditional financial instruments, such as lending, borrowing, and trading, without the need for intermediaries like banks or financial institutions.
Popular DeFi Tokens: Avalanche, Chainlink, Internet Computer, Dai, and Uniswap are among the most popular DeFi tokens in the cryptocurrency market. These tokens represent various aspects of decentralized finance, including blockchain infrastructure, decentralized oracle networks, stablecoins, and decentralized exchanges (DEXs).
Avalanche: Trading at $34.39, Avalanche has experienced a decrease of 3.57%.Chainlink: Chainlink is currently trading at $14.21, reflecting a decrease of 3.52%.Internet Computer: Internet Computer’s trading price stands at $13.05, down by 4.60%.Dai: Dai, a stablecoin within the DeFi ecosystem, is trading at $1, with a slight increase of 0.01%.Uniswap: Uniswap, a decentralized exchange protocol, is trading at $7.70, showing a decrease of 1.53%.
Exploring Non-Fungible Tokens (NFTs): Unique Cryptocurrencies
Definition and Concept: Non-fungible tokens (NFTs) represent a type of cryptocurrency that lacks the attribute of fungibility, meaning they cannot be exchanged on a one-to-one basis like traditional currencies. Each NFT is unique and indivisible, often representing ownership or proof of authenticity for digital or physical assets.
Popular NFT Tokens: Internet Computer, Stacks, Render, Immutable, and Theta Network are among the popular NFT tokens in the cryptocurrency market. These tokens serve various purposes within the NFT ecosystem, including supporting decentralized applications (dApps), digital art, gaming assets, and virtual real estate.
Internet Computer: Currently trading at $13.05, Internet Computer has experienced a decrease of 4.62%.Stacks: Stacks is trading at $2.54, reflecting a decrease of 3.70%.Render: Render’s trading price stands at $7.99, down by 7.24%.Immutable: Immutable is trading at $2.10, showing a slight increase of 0.47%.Theta Network: Theta Network is currently trading at $2.29, marking a decrease of 6.15%.
Top Three Cryptocurrency Spot Exchanges
Criteria for Evaluation: When assessing the leading cryptocurrency spot exchanges, factors such as traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes are taken into account. These parameters help determine the most reputable and reliable platforms for cryptocurrency trading.
Binance: Binance consistently ranks among the top cryptocurrency spot exchanges. Known for its high traffic, robust liquidity, and significant trading volumes across various digital assets, Binance has established itself as a dominant player in the crypto market. Traders often trust Binance for its reliability and extensive range of trading options.
Coinbase Exchange: Coinbase Exchange is another prominent player in the cryptocurrency industry. With a large user base and considerable trading volumes, Coinbase offers a user-friendly platform for buying, selling, and storing digital assets. Its reputation for security and regulatory compliance contributes to its status as one of the top cryptocurrency spot exchanges.

Kraken: Kraken rounds out the top three cryptocurrency spot exchanges. Renowned for its liquidity, transparent trading volumes, and strong emphasis on security, Kraken provides a reliable platform for traders to engage in cryptocurrency transactions. Its user-friendly interface and diverse range of supported assets make it a popular choice among both novice and experienced traders.
Overview of Global Crypto Market Metrics
The current global cryptocurrency market cap sits at $2.35 trillion, reflecting a 1.31% increase over the last day. Additionally, the total market volume over the past 24 hours has reached $62.71 billion, marking a significant 21.94% increase.
Comparing recent figures, last month’s global crypto market cap stood at $2.65 trillion, indicating a decrease from the current value. However, three months ago, the total capitalization was notably lower at $1.61 trillion, highlighting substantial growth in the cryptocurrency market over the past few months.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Altcoin  #Bitcoin  #Cryptocurrency  #CryptoNews $BTC $ETH $BNB

Amendments are slowing down SEC decisions for both BlackRock and Grayscale, despite experts indicating the agency’s limited involvement. The SEC will delay rulings on BlackRock and Grayscale’s spot Ethereum (ETH) exchange-traded fund (ETF) applications, each valued at $3,229.

The SEC announced delays in deciding on Grayscale’s application and in making amendments to BlackRock’s application just hours after postponing a decision on Franklin Templeton’s proposed spot Ethereum ETF.

SEC Extends Deadline for Grayscale’s ETH Trust Conversion
The Securities and Exchange Commission (SEC) was set to announce its decision regarding the conversion of Grayscale’s ETH Trust to a spot ETH exchange-traded product on NYSE Arca by April 24. However, this deadline has now been pushed back by 60 days to June 23.
In its notice on April 23, the SEC stated that it requires more time to evaluate the proposed rule change, especially after Grayscale’s filing of Amendment No. 1, which was published on April 2. Although the amendment strengthened Grayscale’s arguments, it did not substantially alter its proposal.
Additionally, the SEC is expected to reach a decision on the Franklin Templeton application by June 11.
On the same day, April 23, Grayscale filed an S-3 form for a Grayscale ETH Trust and an S-1 for a Grayscale ETH Mini Trust, indicating further developments in the cryptocurrency investment realm.

SEC notice of filing of BlackRock amendment. Source: sec.gov
Spot ETH ETF Applications Face Delays and Uncertainty
In November, BlackRock filed an S-1 application for a spot Ethereum (ETH) ETF. However, the decision on BlackRock’s application was postponed in March. Later that same month, the Securities and Exchange Commission (SEC) delayed decisions on Hashdex and ARK 21 spot ETH ETF applications by two months, now expected in late May.
On April 19, BlackRock submitted an amendment to its application. In response, the SEC issued a notice on April 23 outlining the changes introduced in the amendment, primarily focusing on the creation and redemption of shares. The notice also extends the comment period on the proposal for 21 days after its publication in the Federal Register. However, no new deadline for an SEC decision was specified.
Also Read:   Cardano Shows Signs of Rebounding to $80 and Beyond

Source: Eleanor Terrett
Observers suggest that the SEC’s apparent disengagement with spot ETH ETF applications may indicate a looming rejection.
In a separate development, Grayscale secured a victory over the SEC in August when an appeals court partially overturned the SEC’s rejection of its application to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin (BTC) ETF.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
 

#EThereum #ETHETF #ETH #ETF #Blackrock

For the next six months, Worldcoin intends to sell up to 1.5 million WLD tokens weekly to specific trading firms outside the United States. Additionally, the digital identity project, Worldcoin, plans to boost its WLD token supply by as much as 19% during this period.

This increase will occur through a series of private sales to institutions located outside the United States.

Worldcoin Plans Significant WLD Token Supply Expansion
In an April 23 blog post, Worldcoin revealed its strategy to boost the supply of WLD tokens significantly. The subsidiary, World Assets, under the Worldcoin Foundation’s purview, will oversee the token issuance process. They aim to sell approximately 1.5 million WLD tokens, valued at about $8.2 million, weekly through private placements to institutional trading firms outside the U.S.
According to Worldcoin’s announcement, World Assets anticipates selling between 0.5 million and 1.5 million WLD tokens per week on average. This continuous influx will result in a proportional increase in the circulating supply of WLD tokens.

Source: Worldcoin
Over a span of six months, this initiative will introduce approximately 36 million new WLD tokens into the market, translating to an estimated value of around $197 million, based on CoinGecko data. Given the current circulating supply of 193 million WLD tokens, these private sales signify an 18.6% surge in the total available supply within the same timeframe.
Worldcoin’s Negotiation Strategy and Market Position
Worldcoin disclosed its intention to engage in negotiations with individual trading firms, especially those in competition with each other. The aim is to facilitate private placements at or near prevailing market prices for WLD tokens. This approach seeks to mitigate potential price impacts on the token.

Despite its current market capitalization of $1 billion, Worldcoin’s fully diluted value (FDV) stands significantly higher at $54.5 billion, considering the total value if all tokens were in circulation.

Worldcoin is ranked as the 6th largest cryptocurrency by FDV. Source: Coingecko
Launched from beta in July 2023, Worldcoin was co-founded by OpenAI CEO Sam Altman, current CEO Alex Blania, and Max Novendstern, who also leads the biometrics research firm Mana. Positioned as a crypto-based digital identity project, Worldcoin addresses identity challenges stemming from AI advancements and introduces a unique universal basic income model through its native WLD token.
Worldcoin’s Identity Registration Process and Price Movement
Identity Registration with the “World App”: Worldcoin users undergo identity registration using the company’s “World App,” where they scan their retinas at machines known as “Orbs.” In return for providing their biometric data, users receive approximately 25 Worldcoin, valued at around $137 currently.
Price Movement Amidst AI-Linked Crypto Rally: Benefiting from a broader surge in the prices of AI-linked cryptocurrency projects, Worldcoin experienced a remarkable 435% surge from its launch price of $2.17 on July 24 to its peak of $11.74 on March 10.

Worldcoin grew other 450% in six months: Source – CoinGecko
Recent Price Decline: Despite its previous upward trajectory, Worldcoin has witnessed a significant downturn in recent weeks, with its price plummeting by over 53% from its all-time high. Presently, it is being traded at $5.49.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#WLD #Worldcoin​ #Bitcoin #Ethereum $WLD $BTC $ETH