According to U.Today, a notable figure in the Dogecoin community, Mishaboar, has issued a warning about meme coins claiming to possess intellectual property (IP). This warning comes at a time when the market is awash with a variety of meme coins, all competing for investor interest. Mishaboar emphasized the potential risks associated with meme coins that assert IP ownership. He stated that memes, which are decentralized, irrepressible, and uncontainable, cannot be created or reinforced by owning IPs and are owned by no one. Mishaboar further cautioned that these coins often assert IP ownership, which can be a deceptive strategy to draw in unsuspecting investors. He warned that there are thousands of tokens available for those who wish to gamble, and when tokens rely on claims such as 'we own the IP', it's merely a lure. This implies that they have nothing substantial to offer and are attempting to attract new buyers with empty promises. Mishaboar's caution serves as a call for vigilance within the Dogecoin community and the wider cryptocurrency market. As the number of meme coins continues to grow, investors may need to carry out comprehensive research, confirm the authenticity of these tokens, and not be swayed by the promise of quick gains. At the time of reporting, Dogecoin, the first and largest dog-themed cryptocurrency by market cap, was down 0.53% in the last 24 hours to $0.148, reflecting the sluggish trading activity in the cryptocurrency market. The demand for risky assets like cryptocurrencies has been somewhat dampened by reduced expectations for Federal Reserve interest rate cuts.

According to U.Today, NEAR Protocol (NEAR) has reported significant community and developer achievements, including a record user retention rate among L1 altcoins over the past year. The blockchain's major adoption metric reached 9.53%, according to data provider Artemis, outperforming all of its competitors. For comparison, Avalanche (AVAX) saw only 8.19% of users returning in 12 months on its C-chain, while BNB Chain's retention rate barely exceeded 7%. Even the largest blockchains by Total Value Locked (TVL), Ethereum (ETH) and Tron (TRX), failed to achieve a 5% user retention rate over the same period. NEAR Protocol currently hosts 19 active decentralized finance applications (DeFis) with a combined TVL of $306 million. The largest DeFis on NEAR by TVL include Burrow, LiNEAR Protocol, and Meta Pool Near, which operate in the areas of decentralized lending and liquid staking. In addition to its community and developer achievements, NEAR Protocol's core native cryptocurrency, NEAR, has been one of the best performers over the past week. According to CoinGecko, NEAR was the top-performing large altcoin and the fifth fastest-growing altcoin overall, with a seven-day growth rate of 26%. This performance was only surpassed by leading meme coins FLOKI, BONK, and PEPE, and the Hedera (HBAR) token, which was boosted by a major announcement. The recent rally in NEAR's price may be linked to potential AI integrations that are key to the use of NEAR Protocol in this burgeoning sector.

According to U.Today, Michael Saylor, the founder of MicroStrategy and a vocal Bitcoin supporter, recently shared his thoughts on the tactics of Bitcoin's mysterious creator, Satoshi Nakamoto. Saylor's comments sparked a wave of reactions from the crypto community, with many expressing support and admiration for both Saylor and Bitcoin. Saylor tweeted, 'Satoshi created a way, gave it away, and walked away,' which was met with responses such as 'That's the way,' 'A lesson to be learned in this! Study #Bitcoin and keep your head down,' and 'A very selfless act.' However, not all responses were positive. Some criticized the current state of Bitcoin after Nakamoto left it in the hands of the BTC core developers. Critics also targeted Saylor, with comments like 'And people like you ruined it,' 'He created a way, did not give it away and never walked away. you are still new in this,' and 'And then btc core devs manipulated by malicious state actors changed it from p2p cash to a settlement network.' In related news, Samson Mow, the CEO of Jan3, a company focused on helping nation-states adopt Bitcoin, recently quoted the Bitcoin white paper written by Nakamoto. Mow highlighted Bitcoin's ability to maintain privacy, contrasting it with traditional banking methods. According to Nakamoto's white paper, Bitcoin keeps public keys anonymous, allowing the public to see that a transaction is taking place without linking it to any individual.

According to U.Today, XRP is currently at a critical support level of $0.51, facing a period of decreasing volume and technical uncertainty. The threat of a 'death cross' — a technical chart pattern where the 100-day EMA crosses below the 200-day EMA, often interpreted as a bearish signal for future price movements, further complicates the outlook. The RSI is currently below 50, suggesting a bearish market sentiment. If XRP fails to hold the $0.51 support, the next target could be the $0.45 support level, a point that marks the lows of previous major sell-offs. Ethereum's recent patterns on the price chart hint at growing strength in its market trend. The so-called 'higher low' on the chart indicates a potential shift away from bearish sentiment. If Ethereum continues to create these higher lows, it could form a strong trendline to act as support. Ethereum is reinforced by an ascending trading volume, a sign of increasing interest and a bullish indicator. If Ethereum maintains this trajectory and its support holds firm, it might aim at higher resistance levels. The next key resistance lies around $3,400, a breach of which could open up the path toward the $3,500 mark and beyond. Bitcoin is currently caught in a tight trading range, between its 50-day and 100-day EMAs. This technical situation can often foreshadow a surge in volatility, suggesting that Bitcoin could see significant price movements soon. Bitcoin is trading between the 50-day EMA at approximately $64,000 and the 100-day EMA at around $59,500. These levels act as short-term resistance and support levels, respectively. If Bitcoin can sustain a breakout above the 50-day EMA, it might target higher resistance near the $70,000 mark. Conversely, a drop below the 100-day EMA could see it testing further support around the $50,000 level. If Bitcoin fails to maintain its position above the $65,500 support level, it could enter a bearish phase, potentially falling toward lower support at $59,000.

According to U.Today, the Shiba Inu (SHIB) community has seen a significant increase in the coin's burn rate, with a large number of meme coins being removed from the circulating supply. This comes following an announcement from the SHIB team about a major upgrade to Shibarium, scheduled to take place in less than a week. In the past 24 hours, the SHIB community has disposed of 45,168,738 Shiba Inu meme coins, leading to an 88.32% increase in the daily SHIB burn rate. The three largest transactions accounted for 35,852,170, 6,261,928, and 1,000,000 SHIB being sent to unspendable blockchain addresses. To date, the SHIB community has burned a total of 410,726,100,388,767 SHIB, with a circulating supply of 582,881,498,855,693 SHIB remaining. The 419 trillion meme coins have been permanently locked in the SHIB burn wallet, the blockchain address holding the largest amount of SHIB. In addition to this, 6,392,400,755,539 SHIB are currently locked in staking DeFi platforms and exchanges, effectively being 'temporarily burned' as they are not circulating in the market. Since January, the SHIB team has been testing a new automated burn mechanism on Puppynet, the Shibarium testnet, which they have referred to as a new epoch in SHIB burns. Earlier this week, the official account of the Shiba Inu token announced a scheduled hard fork of the Shibarium chain on May 2. This major upgrade is expected to significantly increase the speed of new block production and make transaction fees predictable, ensuring equality for all users. The hard fork will also introduce new possibilities for Shibarium users and simplify engagement with this Layer-2 blockchain. In other news, the SHIB team has recently raised $12 million for the development of a Layer-3 blockchain on top of Shibarium, aimed at enhancing security and privacy for its users and their transactions.

According to U.Today, Ripple's Chief Technology Officer, David Schwartz, recently reminisced about his first tweet, which he posted 15 years ago when he joined the social media platform, Twitter. The XRP community showered Schwartz with supportive and appreciative comments. Schwartz's first tweet, 'The passive voice will be used by me!', was posted two months after he created his account in 2009. This tweet set the tone for his humorous and engaging interaction style with his community. In 2022, Twitter was purchased by Elon Musk for $44 billion and rebranded as X, introducing longer posts, live video streams, and monetization options for content creators. Schwartz has been an active user of the platform since its early days, often using it to engage with the XRP community. In a separate tweet in mid-April, Schwartz revealed what could make him leave Ripple. He stated that he has been with the company all these years because he enjoys his work. However, if the fun aspect disappears, he would consider leaving and investing his time and effort in another project. Schwartz, who owns about 2% of the company's stock, clarified that he could theoretically quit now as he doesn't need to continue working for Ripple. Despite this, he admitted that he is not a billionaire and believes that choosing Ripple shares over XRP was a mistake. Ripple co-founders Chris Larsen, Arthur Britto, and Jed McCaleb opted to receive 20 billion XRP between them. However, in 2020, the SEC sued Ripple and Larsen for selling XRP as unregistered securities to institutional investors. The lawsuit against Larsen and CEO Garlinghouse was dropped three years later, but the legal battle between the SEC and Ripple Labs is still ongoing.

According to U.Today, renowned trader Peter Brandt has recently published an analysis suggesting that Bitcoin's bull market cycles are gradually losing momentum. In his analysis, Brandt delves into the concept of exponential decay, indicating that each successive Bitcoin bull cycle has seen a diminishing exponential advance, with a loss of about 80% of the momentum from previous cycles. The current surge marks the fifth significant bull cycle in Bitcoin's history. Applying this trend to the current cycle, Brandt projects a potential peak of around $72,723, a figure already reached in recent trading. Despite acknowledging the historical impact of halving events on the Bitcoin price, he emphasizes the sobering reality of exponential decay. He suggests there's a 25% chance that Bitcoin may have already reached its peak for this cycle. In the event of a market top, Brandt speculates on potential price retracements, foreseeing a decline to the middle of $30,000 per Bitcoin or even revisiting lows from 2021. Despite the bearish implications, he views such a correction as potentially bullish in the long term, drawing parallels to similar chart patterns observed in the gold market. Brandt concludes his analysis by acknowledging the weight of the data, stating, 'Do I believe the analysis just presented? I don’t want to, but the data speak for itself.'

According to U.Today, the digital currency XRP has experienced a decrease in value, currently trading at $0.5149, a 2.12% drop in the past 24 hours. The price fluctuated within a 24-hour period, reaching a high of $0.5294 and a low of $0.5104 before settling at its current rate. Despite the recent downturn, there are indications that XRP could be on the verge of a bullish rebound. Some analysts believe that the digital currency may have reached its lowest price point and is now poised for a recovery. Key factors that could influence this include the actions of XRP whales, or large-scale investors, and the impact of Ripple Labs' escrow. Ripple Labs, the blockchain payments firm closely associated with XRP, plays a significant role in the currency's performance. The company has announced plans to launch its own stablecoin, which will compete with established industry players like Tether (USDT) and USD Coin (USDC). The operational details of the Ripple stablecoin have not been disclosed, but if XRP is involved in the minting and redemption process, it could introduce a unique utility that increases the coin's demand in the long term. In addition to the potential impact of Ripple Labs' actions, the behavior of XRP whales could also influence the currency's performance. Large-scale transactions, particularly those aimed at purchasing more XRP, can boost market confidence. Despite the current underperformance of XRP, many analysts remain optimistic about its future. Some predict that the currency's immediate target is the $0.6 price mark. The overall sentiment suggests that brighter days may be ahead for XRP, despite the unique challenges it faces.

According to CryptoPotato, a new report by Ecoinometrics suggests that the future growth of Bitcoin is heavily reliant on spot Bitcoin ETFs. The report indicates that these funds have ceased accumulating coins for over a month, which could potentially impact Bitcoin's future price trajectory. From January to mid-March, spot Bitcoin ETFs accumulated 200,000 BTC, despite significant outflows from Grayscale. This accumulation coincided with Bitcoin's price surge from $40,000 to $75,000. However, the inflow of BTC into ETFs has since halted, leading to a stagnation in price movement. The report states, 'If you're wondering why Bitcoin is stuck in the $60k range, look no further. The ETFs have stopped accumulating coins for a while now. They are the only game in town. No demand from them means no price appreciation.' Despite this, Ecoinometrics advises investors not to lose sight of the bigger picture, asserting that Bitcoin is the only hedge investors need against debasement. The report also compared the performance of Bitcoin, gold, and the NASDAQ over the last decade, adjusted for the growth of the global monetary base. It found that while gold has remained flat, merely keeping pace with global liquidity, the NASDAQ has seen a threefold increase. However, Bitcoin has outperformed both by a significant margin, boasting a 44-fold increase in value. This underscores Bitcoin's effectiveness as a hedge in the current economic climate. However, there are counterarguments from industry experts. Crypto analytics platform Kaiko, for instance, argued that Bitcoin has failed to attract safe-haven flows even amidst increased demand for such assets due to the conflict in the Middle East.

On Apr 27, 2024, 10:56 AM(UTC). According to Binance Market Data, BNB has dropped below 590 USDT and is now trading at 589.700012 USDT, with a 2.17% decrease in 24 hours.

According to BlockBeats, the BitVol index, launched by financial index company T3 Index in collaboration with Bitcoin options trading platform LedgerX, dropped to 58.17 on April 27, marking a daily decline of 3.9% and a two-month low. The BitVol index measures the expected implied volatility derived from the tradable Bitcoin option prices. Implied volatility refers to the volatility implied by the actual option price. It is the volatility inferred by substituting the actual option price and other parameters except volatility σ into the B-S option pricing formula. The actual price of the option is formed by the competition of many option traders. Therefore, implied volatility represents the market participants' views and expectations for the future market, and is considered to be the closest to the real volatility at that time.

The global cryptocurrency market cap now stands at $2.37T, up by 0.47% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $62,391 and $64,820 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,965, down by -2.39%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include GLM, LOOM, and POWR, up by 43%, 17%, and 12%, respectively. Top stories of the day: Binance's International Law Enforcement Training Day Draws over 1,300 Representatives from 86 Countries Hong Kong Institutions Apply for Virtual Currency Spot ETF 7800 Bitcoins Stolen from Duoyi Network Founder BlackRock's IBIT Records Zero Net Inflow/Outflow for Three Consecutive Days PayPal's Stablecoin PYUSD Sees Significant Increase in Circulation Cross-Chain Lending Protocol Pike Finance Suffers Hacker Attack Crypto Price Analysis: BTC, ETH, BNB, SOL, XRP and More — Trends and Predictions  Bitcoin Spot ETF Trading Volume Data Revealed Franklin Templeton Launches Ethereum ETF, As Per DTCC Data Hong Kong Financial Management Bureau Launches FiNETech Series Market movers: ETH: $3118.71 (-1.03%) BNB: $594.7 (-2.48%) SOL: $136.33 (-5.54%) XRP: $0.5142 (-2.28%) DOGE: $0.14517 (-4.03%) ADA: $0.4554 (-2.86%) SHIB: $0.00002457 (-4.95%) AVAX: $34.18 (-3.77%) TRX: $0.12034 (+2.12%) WBTC: $62985.76 (-2.36%) Top gainers on Binance: GLM/USDT (+43%) LOOM/USDT (+17%) POWR/USDT (+12%)

On Apr 27, 2024, 08:48 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has dropped below 63,000 USDT and is now trading at 62,992.21875 USDT, with a 2.10% decrease in 24 hours.

According to PANews, Hong Kong-based institution, Value Partners, has applied to issue a virtual currency spot ETF, but did not appear on the approved list. Insiders revealed that Wui Li voluntarily withdrew its application due to inadequate preparation, time constraints, and insufficient manpower. Compared to the other three companies, Wui Li primarily conducts active business in Hong Kong, and its ETF business is relatively weak, hence the decision to observe first. Despite the fact that this batch of virtual currency spot ETFs was launched by three Hong Kong subsidiaries of domestic public funds, mainland investors are not allowed to participate in trading according to existing regulations. Markus Thielen, founder of crypto research company 10x Research, believes that if mainland purchases are allowed, these Bitcoin spot ETFs could attract $25 billion in funds. However, Bloomberg ETF analyst Eric Balchunas thinks otherwise. He believes that due to reasons such as the small size of the Hong Kong ETF market, the three domestic public fund managers not being on par with international asset managers like BlackRock, mainland retail investors not being able to trade, and doubts about product liquidity, even $500 million would be considered lucky.

According to PANews, PolkaWorld has announced the commencement of Coretime trading on Kusama, marking the end of the parallel chain era. This development follows the approval and implementation of Kusama's 373rd public proposal, which upgraded the Kusama relay chain runtime to v1.2.0 and introduced the Coretime feature. Subsequently, the community approved Kusama's 375th public proposal last Friday, allowing the Coretime chain to begin Coretime sales. Currently, Kusama is in the Renew Period, which involves the sale of bulk cores. Following the Renew Period, the Sale period begins, which is a demand-based purchasing period. This includes price discovery (Dutch auction, price decreases over time) and fixed price stages. Agile Coretime introduces a more flexible and dynamic way of managing blockchain resources. With the launch of Agile Coretime sales, the resource allocation pattern on Kusama has changed. Parallel chain auctions have stopped, and existing parallel chains and future parallel chains will: Existing parallel chain leases will automatically migrate to bulk coretime. Unstarted leases will be cancelled, and locked KSM will be refunded. Existing parallel chains can use the coretime renewal feature to continue allocating bulk coretime to their cores without going through the regular purchase process.

According to Foresight News, MomoAI, a Web3 game publishing platform, has entered into a strategic partnership with TON. As per the roadmap, MomoAI plans to build a Web3 gaming growth platform based on TON's infrastructure. The platform will also utilize a proprietary AI-agent system to empower the TON ecosystem. In addition to this, MomoAI has seen significant growth since its launch two months ago. The platform has reached a milestone of one million natural users, with monthly active users exceeding 700,000 and daily active users surpassing 160,000.

According to Foresight News, Jiang Zhuoer, the founder and CEO of BTC.TOP, a Litecoin mining pool, recently revealed on Weibo that Xu Bo, the founder and chairman of Duoyi Network, had 7800 bitcoins stolen. Zhuoer assisted Xu Bo in tracking the stolen bitcoins through a security agency, marking it as the largest amount of stolen bitcoins he has ever encountered. The current market value of the stolen bitcoins is estimated to be around 3.6 billion yuan.

According to Foresight News, Ahmad Shadid, the founder and CEO of io.net, has announced the restoration of all device data. In addition to this, multiple security patches have been launched to protect user device data through Okta Auth0 backend authorization. Shadid stated that all existing devices would need to be restarted to complete the update. Furthermore, as users reconnect their devices, the company will address the issue of each individual's normal operating time recorded during this event. This move is seen as a significant step towards enhancing the security and functionality of the devices, ensuring that users can continue to rely on their devices for their various needs. The CEO's announcement has been well-received, with users expressing relief and appreciation for the swift action taken to restore and secure their device data.

According to PANews, the Galxe community's proposal to change the token symbol and migrate the token contract has been approved with a support rate of 99.71%. The GAL token will be exchanged for the G token at a ratio of 1:60. The proposal included a series of technical improvements, coordination with ecosystem strategic members, and planning for a smooth transition process. Key aspects included modifications to the codebase, adjustments to the identification study, and communication strategies for different stakeholder groups. To strengthen the brand image and increase community participation, it was necessary to change the original token symbol GAL to G and upgrade the existing GAL token smart contract. If the proposal was approved, the GAL token would be exchanged for the G token at a ratio of 1:60. The total supply of G tokens would be changed to 12 billion, which is 60 times the current total supply of 200 million GAL tokens.

According to BlockBeats, data from Farside Investors on April 27th reveals that BlackRock's IBIT has recorded zero net inflow/outflow for the third consecutive day. In addition, Grayscale's GBTC experienced a net outflow of $82.4 million, Fidelity's FBTC saw a net outflow of $2.8 million, and Bitwise's BITB recorded a net outflow of $3.8 million. The total net outflow for these funds was $83.6 million. These figures indicate a significant shift in the flow of funds within the cryptocurrency market. The reasons behind these movements are yet to be determined.