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Updated April 22, 2024

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According to PANews, each cryptocurrency bull market often follows a similar pattern: 99% of people either lose everything or leave the market at break-even, unable to profit in time. This is because the crypto market is primarily driven by emotions such as fear, greed, and FOMO (Fear Of Missing Out).

Many can advise when to buy, but no one can tell you when to sell. Crypto researcher ardizor has outlined strategies for selling at the highest price. While it's impossible to accurately predict every trend, understanding market structure and rules can help ensure profits and close positions at the best time.

Like any other asset, Bitcoin's price follows specific patterns. These patterns are repeatedly influenced by human emotions, especially FOMO. For instance, the market cycle model in the 2021 bull market. To maximize profits, investing in altcoins should be done during the depression phase. Remember: 'Buy when the market is bleeding, even if it's your own blood.'

Recognizing when altcoins begin to truly skyrocket is crucial. During the bullish phase of altcoins, returns could be 100 times that of Bitcoin or Ethereum, as their potential rise could be not just double, but up to 1000 times. In a Bitcoin-dominated cycle:

- If Bitcoin's market share rises and its price rises, altcoin prices will stagnate or fall.

- If Bitcoin's market share rises and its price falls, altcoin prices will fall.

- If Bitcoin's market share rises and its price stagnates, altcoin prices will fall.

- If Bitcoin's market share falls and its price rises, altcoin prices will rise.

- If Bitcoin's market share falls and its price falls, altcoin prices will stagnate or rise.

- If Bitcoin's market share falls and its price stagnates, altcoin prices will rise.

You may already know how the market works, but without a system, you cannot effectively manage emotions. Here are some trading rules you need to remember:

- Treat market profits as salary, not lottery winnings.

- Respect your money, don't squander it. There's no such thing as getting rich overnight. Only steady and consistent efforts can lead to victory.

- Buy based on expectations, sell based on news.

- Don't show up after the party is over. When news comes out, it's time to sell, not buy. If you buy late, you can only satisfy those who bought early and are now laughing in their new Lamborghinis.

If you didn't already hold a token, would you buy it immediately from your portfolio?

Even if an investment is terrible, people are often reluctant to accept losses or realize they've made a bad investment. They often come up with countless reasons to explain why they hold these tokens. When losses occur, if you ask yourself the above question, you might be surprised at the amount of junk assets in your portfolio.

To achieve truly high returns, consider the following factors when analyzing promising tokens:

- What is the potential for increase? (Compare this token with other tokens in the same field)

- Who are the largest holders and top venture capitalists?

- Information about the roadmap, partnerships, team, etc.

- Is the token about to be listed on CEX? (Listing usually leads to an increase in liquidity and price, especially when the announcement is made)

According to BlockBeats, on April 23, Flow Traders and GSR Markets, two market makers, received tokens from the SAFE project's multi-signature address 11 hours ago. Within the past hour, they have each deposited 2.5 million tokens into CEX. Specifically, Flow Traders received 6.2 million tokens, while GSR Markets received 3.5 million tokens.

The tokens were transferred from the SAFE project's multi-signature address, which is a type of digital wallet that requires multiple signatures to make a transaction. This is a common security measure in the cryptocurrency industry. The tokens were then deposited into CEX, a cryptocurrency exchange.

The exact purpose of this transaction is not clear. However, the large number of tokens involved suggests that it could be a significant move for both Flow Traders and GSR Markets. This event could potentially impact the market dynamics of the tokens involved, depending on how the tokens are used or traded in the future.

According to PANews, Safe has announced on the X platform that the SEP22 proposal has been executed, enabling the transfer of SAFE tokens. Previously, SafeDAO's proposal to 'open SAFE transferability' was approved. This development marks a significant step in the evolution of the SAFE token, as it now allows for the transfer of these digital assets. The successful execution of the SEP22 proposal is a testament to the ongoing efforts to enhance the functionality and usability of the SAFE token.

According to Foresight News, the cryptocurrency Bigtime has experienced a short-term peak, reaching 0.266 USDT. The current price of Bigtime is reported to be 0.2492 USDT. Over the past 24 hours, the cryptocurrency has seen an increase of approximately 21.6%. This significant rise in value indicates a positive trend for Bigtime in the cryptocurrency market.

According to PANews, the total value locked (TVL) in the liquidity re-pledging protocol EigenLayer has exceeded $15 billion. The current value stands at approximately $15.294 billion, marking a monthly increase of 37.5%. The data, provided by DefiLlama, indicates a significant growth in the value of assets held in the protocol.

EigenLayer's surge in TVL signifies an increased trust and participation in the protocol by investors. The 37.5% monthly increase further highlights the growing popularity and acceptance of the protocol in the decentralized finance (DeFi) sector.

However, it's important to note that while the increase in TVL is a positive sign, it does not necessarily equate to an increase in the number of users or the overall health of the protocol. It is crucial for potential investors to conduct thorough research and consider various factors before investing in any DeFi protocol.

According to PANews, Christopher Stanley, Chief Information Security Officer of X platform's payment department, announced on April 22 that X users will be able to transfer funds to other users, make purchases from stores, and even earn interest on their account balances like a bank account in the future.

Stanley stated that the payment features of X will go beyond just tipping. It will expand to include an in-app wallet that can store funds and transfer to any X user. The 'ultimate goal' of X platform's payment is to create a fully functional financial ecosystem, allowing users to carry out any regular transactions without having to withdraw.

Some commentators have suggested that the upcoming payment feature of X will initially only support fiat currency. However, it has been reported that Musk has instructed X's developers to build the platform's payment system in such a way that cryptocurrency functionality can be added in the future. Despite Musk's past enthusiasm for cryptocurrency, and Tesla still holding 9720 Bitcoins, he stated in December last year that he 'spent almost no time' thinking about cryptocurrency. Since then, he has not made any statements to confirm whether cryptocurrency will be used for X's payments.

According to BlockBeats, the co-founder of Bitcoin NFT project Blob and the sixth-ranked contributor to the Ordinals protocol, @Elocremarc, has announced the introduction of 'recursive runes'. Following this announcement, the floor price of Blob has risen by 30%, breaking through 0.04 Bitcoin.

The term 'recursive' is understood to refer to 'on-chain pointers' that allow inscriptions to reference data on the Bitcoin chain, including data from other inscriptions. This data can include the latest block height, specified block height, and other inscription data, among other things. These are also known as 'recursive endpoints'.

@Elocremarc's proposal involves adding a 'recursive endpoint', specifically '/r/output'. Once this recursive endpoint is added, developers will be able to determine the quantity of corresponding runes and whether there are other inscriptions from the transaction output. This will allow inscriptions to change based on the quantity of runes.

Based on current understanding, this requires maintaining corresponding inscriptions and runes in a UTXO. If the balance of the runes changes, it will not be possible to determine the change in the balance of the runes from the transaction output, thus causing the inscription image to change accordingly. This suggests that we can look forward to this type of gameplay, such as engraving inscriptions and recording a small image at the same time. Depending on the number of corresponding runes, the resulting small images will be different.

More advanced gameplay, such as a full-chain Bitcoin game mentioned by Pizza Ninjas CEO @TO (for example, one NFT equals one game account, runes are game coins, and the game coin balance can be read directly on the NFT), may require further infrastructure support.

Finally, it should be noted that the addition of the '/r/output' recursive endpoint is a prerequisite for @Elocremarc's plan. Currently, @Elocremarc has submitted a PR on the official Ordinals Github. If it passes smoothly, we will have 'recursive runes' to play with.

In conclusion, 'runes' have been a hot topic in the crypto market over the past week, but despite high attention, they have not shown a good money-making effect. In addition to the 'pre-mining runes' of the project party and the 'fair casting' once played by BRC-20, 'runes' may need more gameplay to stimulate. If 'recursive runes' can be quickly implemented, it will undoubtedly be a strong boost for 'runes'.

According to Foresight News, the Solana ecosystem's NFT series, Mad Lads, has seen a significant price drop. Data from Magic Eden indicates that the floor price of Mad Lads has fallen below 100 SOL, marking a decrease of approximately 8.78% within 24 hours. This decline reflects the volatile nature of the NFT market, which can fluctuate rapidly due to various factors. The Solana ecosystem, known for its high-speed and low-cost transactions, has been a popular platform for NFT trading. However, this recent price drop for the Mad Lads series may indicate a shift in market dynamics.

On Apr 23, 2024, 02:59 AM(UTC). According to Binance Market Data, BNB has dropped below 600 USDT and is now trading at 599.900024 USDT, with a narrowed 2.90% increase in 24 hours.

According to Foresight News, executives at Canan Technology have announced their intention to buy back shares in the company. Chairman and CEO Nangeng Zhang, along with CFO James Jin Cheng, have informed the company of their plans to use personal funds to jointly purchase no less than $2 million of the company's Class A common shares. These shares are represented by American Depositary Shares (ADSs), with each ADS representing 15 of the company's Class A common shares. This move is subject to the company's internal trading policies and must comply with legal guidelines.

According to Foresight News, YieldNest, a liquidity re-pledging protocol supported by EigenLayer, has successfully raised $5.2 million in funding. The investment round saw participation from Faculty Group, BACKED, Loi Luu, Winthorpe, C2tP, and Michael Egorov, the founder of Curve.

The raised funds will be used to further develop and expand YieldNest's operations. The company's protocol is designed to enhance liquidity and provide a more efficient platform for users. The backing from EigenLayer, a renowned name in the industry, adds credibility to YieldNest's operations and future prospects.

The participation of prominent investors like Faculty Group, BACKED, Loi Luu, Winthorpe, C2tP, and Michael Egorov, the founder of Curve, further strengthens YieldNest's position in the market. Their support indicates a strong belief in the potential of YieldNest's protocol and its ability to revolutionize the liquidity market.

According to PANews, a legal document shared by former U.S. federal prosecutor James K. Filan on platform X reveals that Ripple has voiced opposition to the U.S. Securities and Exchange Commission's (SEC) motion concerning remedial measures and final judgments.

Stuart Alderoty, Chief Legal Officer of Ripple Labs, also expressed on platform X that they oppose the SEC's request for a $2 billion fine for legacy institutional sales behavior. He stated that there were no charges or findings of reckless behavior or fraud in this case, and Ripple won on significant issues. Therefore, he believes that the SEC's request is just another evidence of its continued intimidation of all cryptocurrency behavior in the U.S. He remains confident that the judge will handle this final relief stage fairly.

Brad Garlinghouse, CEO of Ripple, commented on platform X that it was appropriate to submit their response on the same day two SEC lawyers resigned due to their improper behavior in the debt box case. He added that long after Gensler leaves, the U.S. will still have to clean up the aftermath of the agency's disastrous policies.

According to Foresight News, Seamless, the native lending protocol of Base, has launched an altcoin lending market on its platform. The new market currently supports DEGEN and SEAM, allowing holders to borrow stablecoins or ETH. This development marks an expansion in the services offered by Seamless, providing more options for cryptocurrency holders. The introduction of the altcoin lending market is expected to increase the liquidity and flexibility of the platform, potentially attracting more users. Further details about the new service and its impact on the Base ecosystem are yet to be released.

According to Foresight News, UniSat recently received reports from several users stating that their runes were burned during transactions. Upon receiving these reports, the developers immediately launched an investigation and confirmed that indeed, a few users' runes were destroyed. In response to this, UniSat has proactively resolved two separate issues to prevent such problems from recurring in the UniSat market.

According to PANews, BlackRock's Bitcoin Spot ETF has continued its strong performance, achieving net inflows for the 70th consecutive day. This achievement places the financial giant's ETF among the top 10 ETFs with the longest daily net inflows. Earlier on Monday, Bloomberg senior ETF analyst Eric Balchunas posted a chart on Twitter, indicating that if BlackRock's fund IBIT successfully achieves its 70th consecutive day of net inflows, the exchange-traded fund will be among the most successful in history.

Balchunas posted, 'IBIT's net inflow days are currently at 69. One more day, and it will enter the top ten, tied with JETS.' According to data released by Balchunas, JETS, an exchange-traded fund that combines the stocks of airline industry companies, also achieved 70 consecutive days of net inflows. Before Monday, JETS alone occupied the 10th position. According to the Bloomberg analyst's post, JP Morgan's Equity Premium Income ETF (JEPI) leads the list with 160 consecutive days of net inflows.

BlackRock's official news reported that the net inflow of BlackRock's spot Bitcoin on Monday exceeded $600 million, bringing its total assets under management (AUM) to $18.2 billion.

According to Foresight News, Bitcoin has once again surged past the 67,000 USDT mark, recording a 3.4% increase in the past 24 hours. This recent development indicates a positive trend in the cryptocurrency market, particularly for Bitcoin. The digital currency's value continues to fluctuate, but this recent surge demonstrates its potential for significant growth. The 3.4% increase in a single day is a notable achievement, reflecting the volatile yet promising nature of the cryptocurrency market. However, investors are advised to proceed with caution due to the inherent risks associated with such investments.

According to Foresight News, Zircuit, an EVM-compatible ZK Rollup, has seen its staking plan's Total Value Locked (TVL) exceed $2 billion. Despite still being in the testnet phase, the mainnet is anticipated to be launched later in 2024.

Previously reported by Foresight News, Zircuit opened its staking window on March 23. Users can participate in the Zircuit ecosystem and earn Zircuit points by re-staking ETH, ezETH from Renzo Protocol, rswETH from Swell Network, rsETH from Kelp DAO, LsEtH from Liquid Collective, and stETH from Lido Finance, as well as through various tasks.

According to Foresight News, digital currency X has successfully obtained a remittance merchant license in 25 states across the United States. This development, as reported by Watcher.Guru, marks a significant milestone for the digital currency, expanding its potential user base and enhancing its credibility in the financial market. The acquisition of the license will enable digital currency X to provide payment services across these states, further solidifying its position in the digital currency market. This move is expected to boost the adoption of digital currency X and contribute to the overall growth of the digital currency industry in the United States.

According to Foresight News, the supercomputer AO, developed by Arweave, is set to launch a cross-chain bridge, AOX, built by everVision. The aim of this launch is to enhance the cross-chain capabilities of everPayHQ. The beta version of this new development is expected to be released in mid-May, enabling transfers between Arweave and AO. Following this, the integration of Ethereum, BNB Chain, and Bitcoin is also planned. This move is seen as a significant step towards improving the interoperability and functionality of blockchain systems.