The Lazarus Group of North Korea and others allegedly laundered their funds via Tornado Cash.

Storm was arrested in September 2023 and promptly freed on a $2 million bail.

An effort to have Roman Semenov, co-founder of Tornado Cash, dismissed from charges of conspiracy and money laundering has been opposed by the US Department of Justice (DOJ). It said that early-stage motions are not appropriate for bringing forward contested facts for jury consideration, as the defense had done in its submission.

The prosecution outlined its case for holding the Tornado Cash co-founder accountable for the charges against him in the Department of Justice’s response. The defense’s portrayal of Tornado Cash was challenged by the DOJ, who pointed out that it was created in 2019 as a cryptocurrency mixer. A user interface, smart contracts, a network of “relayers,” and a website make up the service.

Not Responsible for Implementation

The Department of Justice (DOJ) charged Roman Storm and another developer Roman Semenov with conspiring to launder money, running an unregistered money transmitter, and breaching sanctions via their creation of Tornado Cash, a business that mixes cryptocurrencies. Also, the Lazarus Group of North Korea and others allegedly laundered their funds via Tornado Cash, according to U.S. officials.

Storm was arrested in September 2023 and promptly freed on a $2 million bail after pleading not guilty to all allegations. But by the end of March, Storm’s lawyers had already argued that the government had no basis to accuse him, and they wanted the case dropped. Although he did help with the code’s design, Semenov insists he is not responsible for its implementation.

Moreover, Tornado Cash is not a “financial institution” and does not function as a custodial mixing service, according to Semenov’s legal team’s request to dismiss. They stated Storm couldn’t stop groups like Lazarus Group from utilizing the service since it was beyond Storm’s control.

Highlighted Crypto News Today:

Former Grayscale Director Predicts Bitcoin Price Drop to $52K

A massive outflow of $328 million was shown throughout the week.

Grayscale’s GBTC was the most heavily affected ETF.

Net flows for Bitcoin Spot ETFs in the US showed significant volatility for the week ending April 26, 2024. Additionally, when they lost momentum, these ETFs had a huge $328 million net outflow for the week. In addition, the Bitcoin price fell just before this outflow spiked, which may have been the catalyst for the decline.

The week started out well, with $62.02 million in net inflows across several Spot BTC ETFs. At the same time, Fidelity’s FBTC had a substantial single-day net inflow of $34.83 million, while Grayscale’s GBTC saw a net outflow of $34.99 million. An additional $19.4 million came in for BlackRock’s IBIT Bitcoin ETF.

Substantial Volatility

Additionally, statistics from Farside UK showed that there were net inflows of $31.6 million into Bitcoin ETFs on Tuesday, April 23, continuing the bullish trend. In contrast to Grayscale’s greater withdrawals on the same day, substantial inflows were driven by BlackRock’s IBIT and Ark 21Shares’ ARKB.

Following that, on Wednesday, April 24, a change happened, and trade volumes peaked at the same time as net withdrawals totaled $120 million. The most significant outflow occurred in Grayscale’s GBTC, while the most significant net inflow occurred in Fidelity’s FBTC.

The outflows from Bitcoin ETFs reached a record $217 million across all ten Spot Bitcoin ETFs on Thursday, April 25. With $140 million leaving the market, Grayscale’s GBTC was the most heavily withdrawn ETF, although other ETFs also had large withdrawals.

The $83.6 million outflow continued on Friday, April 26, but it was slower for Grayscale’s GBTC than it had been on earlier days. Among exchange-traded funds (ETFs), only Ark 21Shares’ ARKB saw inflows. A small inflow of $5.4 million was seen in the ARKB Bitcoin ETF. A massive outflow of $328 million was shown throughout the week.

Highlighted Crypto News Today:

Former Grayscale Director Predicts Bitcoin Price Drop to $52K

zkSNACKs has begun denying access to its services to those residing in the U.S. 

The recent move comes on the backdrop of the arrest of co-founders of Samourai Wallet.

The zkSNACKs platform is now inaccessible to users in the US due to regulatory issues. The developer of the privacy-enhancing Bitcoin wallet Wasabi Wallet, zkSNACKs, has begun denying access to its services to those residing in the United States.

Some users are unable to access the zkSNACKs website, which prevents them from downloading and using Wasabi Wallet and any associated services, including RPC interfaces and APIs. The platform implemented an IP address firewall to do this.

Increasing Regulatory Scrutiny

Though the developer remained mum on the subject, rumors have circulated that the two founders of Samourai were arrested around the same time as the policy change and retraction.

Moreover, Keonne Rodriguez and William Lonergan Hill, co-founders of the cryptocurrency mixing service Samourai Wallet, were accused by the United States Department of Justice (DOJ) of laundering $100 million.

Furthermore, according to the legal measures taken against the duo, a maximum of 20 years in jail is conceivable for the conspiracy to conduct money laundering accusation and up to five years for the charge of running an unregistered money transmitting company.

The Samourai Wallet is supposedly a Bitcoin (BTC) wallet that allows users to transact in a more anonymous manner. But the watchdog thinks the business was all an elaborate ruse to launder money on a grand scale. Also, two Samourai services, Whirlpool and Ricochet, have processed almost 80,000 BTC, accumulating fees of about $4.5 million.

In a similar vein, the creators of the widely used cryptocurrency mixer Tornado Cash were arrested on charges of complicity in the platform’s illicit operations. Defending themselves in court, they asked for the allegations against them to be dropped.

Highlighted Crypto News Today:

Phoenix Wallet Exits U.S Market Amid Increasing Regulatory Scrutiny

Users can use Polygon’s PoS to conduct cross-chain swaps in Robinhood Wallet.

Involvement of users on both platforms is expected to rise with the integration.

The new partnership between Polygon (MATIC) and Robinhood Wallet is a major step forward in Q2 2024 strategy. Users can use Polygon’s proof-of-stake network (PoS) to conduct cross-chain swaps in Robinhood Wallet.

The partnership, which was unveiled on April 27, 2024, makes use of LI.FI and 0x Project technologies. Because of this, swapping tokens across various blockchain networks is a breeze. This feature, which improves trading capabilities, is now available to Robinhood’s 23 million users.

Surge in User Involvement Anticipated

Not only does the collaboration provide opportunities for Robinhood consumers, but it also highlights Polygon’s increasing impact in the blockchain industry. Although MATIC pricing did not perform well at the beginning of Q2, the platform has remained attractive due to these technology integrations.

When it comes to improving its services, Robinhood has been ahead of the curve. Prior to that, in December 2023, it extended cryptocurrency trading to the European Union and incorporated all spot Bitcoin ETFs.

Users’ involvement on both platforms is expected to rise with the integration of cross-chain exchange capability. This partnership strengthens Polygon’s position as a frontrunner in blockchain technology and enables Robinhood to provide a wider range of services.

When it comes to NFT transactions on the Ethereum Virtual Machine, Polygon has quickly become the frontrunner in the last month. This is a huge step forward for its operations and shows how much of a lead it has in the NFT industry.

A significant milestone in stablecoin use was announced by Polygon, further demonstrating its power. While Ethereum and Arbitrum both have 1.4 million users, the network’s 1.9 million on-chain stablecoin users are impressive. Polygon’s strong infrastructure and user trust allow it to draw in more users.

Highlighted Crypto News Today:

Former Grayscale Director Predicts Bitcoin Price Drop to $52K

Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall.

In addition, the ex-Director of Grayscale expects ETF activity to skyrocket this year.

Former Grayscale Investments director Phil Bonello has lately shook up the cryptocurrency world with a slew of comments and forecasts about Bitcoin’s future. Furthermore, he provided comments about the wider cryptocurrency industry. Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall.

Among the many important things that Bonello made in an X post was the possibility that Bitcoin may fall to $52,000. Concerns about inflation, trends in government expenditure, and the success of competing cryptocurrencies were among the reasons he gave. In addition, Bonello highlighted the increasing inflation as a major worry.

Far-reaching Effects

Moreover, the crypto market is anticipated to be affected by the Yen’s unpredictability and the persistent geopolitical tensions. He pointed out that government expenditure seems to be heading in a certain direction, which might have far-reaching effects for Bitcoin and the cryptocurrency market in the future.

Bonello brought attention to the recent steep declines in the value of altcoins, noting that some of them have fallen by more than 50% and are now hitting support levels. Even if Bitcoin ETF flows are sluggish, he is confident in BTC’s ability to absorb these swings. In addition, the ex-Director of Grayscale expects ETF activity to skyrocket this year.

Furthermore, Bonello said that the public’s interest in Bitcoin has reverted to levels seen at the $50,000 price mark, indicating a significant decline. He went on to say that funding, basis, and skew are just a few market indicators that seem neutral right now. At the time of writing, Bitcoin is trading at $63,339, down 1.02% in the last 24 hours as per data from CoinMarketCap.

Highlighted Crypto News Today:

Solana’s (SOL) Price Dips Amidst Exchange Transfer: What’s Next?

American users should withdraw their funds from their wallets before May 3, 2024.

This move adds weight to discussions concerning the crackdown on crypto companies.

Phoenix Wallet, a non-custodial Bitcoin lightning wallet has announced its intention to remove itself from the Google Play Store and the Apple App Store in response to the increasing governmental pressures in the United States.

American users should withdraw their funds from their wallets before May 3, 2024, when the removal will be implemented. When users are clearing their wallets, Phoenix Wallet advises against “not force-closing” channels because of the potential high on-chain costs. This choice is in response to an earlier X post by ACINQ, the Phoenix Wallet developer, indicating a potential shutdown of the Wallet service.

ACINQ posted on X stated:

“Recent announcements from US authorities cast a doubt on whether self-custodial wallet providers, Lightning service providers, or even Lightning nodes could be considered Money Services Businesses and be regulated as such.”

Increasing Regulatory Scrutiny

It should be noted that this kind of behavior from Phoenix Wallet is quickly gaining popularity in the US, adding weight to discussions concerning the region’s crackdown on crypto companies. The Southern District of New York has arrested Keonne Rodriguez and William Lonergan Hill, who founded the Bitcoin mixing wallet Samourai.

Conspiracy to launder money and running a money-transmitting company without the proper license are among the charges leveled against them. A notice from the FBI apprised crypto users of its “operations” against many unregistered crypto companies thought to be engaged in money services shortly after.

Users were therefore warned of the possibility of “financial disruptions.” Sanctioning Tornado Cash addresses, prosecuting the operator of the Bitcoin Fog mixer, and many more enforcement measures have all been documented by U.S authorities.

Highlighted Crypto News Today:

Solana’s (SOL) Price Dips Amidst Exchange Transfer: What’s Next?

A transfer of 179,999 Solana valued at $26.14M, pushed the token’s price below $140.

Solana’s price has dropped by 5% in the last day and 27% over the past month.

Today, the cryptocurrency market witnessed a mixed performance with a negative bias, particularly impacting Solana (SOL), a token known for its remarkable transaction speeds and scalability.

Despite its advantageous features, Solana experienced a challenging period, reflected in a 5% decrease in its price over the past day and a 27% decline over the past month. This dip in value is concerning, especially considering Solana’s ability to handle thousands of transactions per second, making it an attractive choice for users and developers seeking efficiency and cost-effectiveness.

Solana (SOL) Entering the Bearish Zone?

One notable event contributing to Solana’s recent price movement was a significant transaction wherein a whale transferred 179,999 Solana tokens to the crypto exchange Binance. Following this transaction, the token’s price swiftly dropped below the $140 mark, signaling market volatility triggered by large-scale movements.

This transfer, valued at $26.14 million at the time, underscores the impact of such transactions on the token’s market value. Solana has faced selling pressure in the past due to similar transfers to exchanges, suggesting a vulnerability to further price slides if such activity persists.

However, a decrease in these transactions could potentially stabilize Solana’s value and even pave the way for a rebound. Currently, SOL is trading at $136.44 with a market cap of $61 billion. Additionally, Solana’s daily trading volume has declined by over 24% in the last 24 hours, reaching $2 billion.

Solana (SOL) Price Chart (Source: TradingView )

If Solana continues its downtrend, it may find support levels at $130, $128, and $125, potentially leading to a new bearish phase with tentative support at $120. Conversely, if Solana breaks through the $140 zone, it could encounter a new resistance level at $143, potentially initiating a further rally and paving the way for an upturn toward $148 and $153. This could establish a bullish sentiment for SOL.

Optimism upgraded its testnet on April 25, according to Offchain Labs.

Offchain Labs, Optimism’s rival, noted that these are challenging difficulties.

At least two weeks after discovering them, the Layer 2 network Optimism patched two serious vulnerabilities on its testnet. Optimism upgraded its testnet on April 25, according to Offchain Labs, who discovered the vulnerabilities on Friday. A software company warned that malicious actors might change the chain’s history and perform other “subtle attacks” because of the since-fixed security weaknesses.

Optimism was notified by Offchain Labs on March 22 of two testnet issues: first, that the OP Stack fraud-proof mechanism might be tricked into accepting a false chain history; and second, that an exploiter may be able to prevent it from accepting a valid chain history.

Challenging Difficulties

Offchain Labs, Optimism’s rival, noted in the statement that these are challenging difficulties. Protocols that are immune to fraud, as well as the temporal considerations involved in doing so, are “very difficult” to create.

As a measure to prevent such attacks in the future, Optimism added timer-handling code after the report. The goal of the upgrade is to make its networks even more secure and to stop assaults like censorship and traitor attacks from succeeding.

Based on developer activity and 7-day net flows, optimism has surpassed all other protocols after Ethereum’s Dencun update. The platform has only been live for around two years when this change takes place. It has dethroned long-established industry leaders like Polkadot and Cardano.

Moreover, while total-value-locked (TVL) maintains a steady and healthy rise, the number of core devs and Github contributions has recently started to surge, according to DefiLlama.

Highlighted Crypto News Today:

Altcoins Face Headwinds Amid Bitcoin’s Stability Concerns

DTCC assigns zero collateral to crypto ETFs, reducing financialization risks.

Bitcoin ETFs see $12.5B AUM but face decelerating inflows.

Depository Trust & Clearing Corporation (DTCC) has decided to assign zero collateral value to Exchange Traded Funds (ETFs) featuring Bitcoin or other cryptocurrencies as underlying assets. Effective immediately, these securities will face a 100% haircut, aimed at mitigating risks within the financial system and reducing leverage-based financialization games on Wall Street.

Custodia Bank CEO Caitlin Long has praised DTCC’s decision, emphasizing its role in curbing potential market distortions. Long highlighted the importance of this move in maintaining the integrity of the financial system, particularly in light of growing institutional interest in crypto investment products.

Despite the setback for crypto ETFs in the inter-entity settlement system, their role for lending purposes and as collateral in brokerage activities remains intact, subject to individual brokers’ risk tolerance.

What Does it Signal?

Meanwhile, the launch of spot Bitcoin ETFs has witnessed a surge in institutional interest, accumulating over $12.5 billion in assets under management within three months. However, recent data indicates a deceleration in BTC ETF inflows, with significant outflows reported by various ETF issuers.

Amidst DTCC’s stance against crypto ETFs, traditional players like BNY Mellon are exploring exposure to Bitcoin ETFs, showing a broader acknowledgment and integration of cryptocurrencies within the traditional financial sector.

As the crypto landscape continues to evolve, regulatory decisions and institutional participation are shaping the market’s trajectory, influencing investor sentiment and market dynamics.

In summary, DTCC’s decision underscores the evolving regulatory landscape surrounding cryptocurrency investment products, impacting market dynamics and investor sentiment in the crypto space.

In the crypto landscape of 2024, BlockDAG emerges as the premier investment choice among the top 10 cryptocurrencies, surpassing established giants like Bitcoin, Ethereum, and Binance Coin. This is attributed to its groundbreaking technology and substantial $30 presale success, drawing significant investor interest while luring in investors with 30,000x ROI.

BlockDAG: A New Standard in Cryptocurrency Potential

BlockDAG is making waves with a staggering $30 million raised in its presale, thanks to its cutting-edge DAG architecture which dramatically reduces transaction costs while enhancing processing speed. This makes it an ideal platform for a wide range of decentralized applications, promising a potential 30,000x return on investment. The Shibuya keynote and a recent moonshot teaser have further bolstered investor confidence, showcasing its commitment to reshaping blockchain technology.

Key Competitors in the 2024 Crypto Market

While BlockDAG leads, other cryptocurrencies also show notable potential:

1. Bitcoin (BTC): The Original Cryptocurrency Standard

Bitcoin remains a formidable presence with a market cap of $1.25 trillion. From its early days in 2009, Bitcoin has set the benchmark for cryptocurrencies, reaching a peak price of around $63,750 by April 2024, and continues to be a gold standard in digital assets.

2. Ethereum (ETH): Smart Contracts and NFT Innovator

Ethereum has evolved beyond a mere cryptocurrency to become a robust platform for smart contracts and NFTs, driving its price from $11 in 2016 to $3,050 by April 2024. Its flexibility and broad application scope continue to attract developer interest and investor confidence.

3. Tether (USDT): Stability in a Volatile Market

Tether offers a haven for investors seeking stability in the volatile crypto market. As a stablecoin pegged to the US dollar, it maintains a market cap of $109.6 billion, providing a reliable store of value.

4. Binance Coin (BNB): Beyond a Trading Utility Token

Originally launched for discounts on the Binance exchange, BNB has expanded its utility across various applications, seeing its price rise from $0.10 in 2017 to $557 in April 2024.

5. Solana (SOL): High-Speed Blockchain Platform

Known for its speed and efficiency, Solana supports up to 65,000 transactions per second, with its market cap reaching $64 billion. The SOL token has grown significantly since its ICO.

6. XRP (Ripple): Facilitating Fast Global Transactions

XRP is essential within the Ripple network, enhancing liquidity and enabling rapid and cost-effective currency exchanges. Its growth since 2017 is noteworthy, providing substantial returns for early investors.

Why BlockDAG is the Top Pick for 2024

Amidst strong competition, BlockDAG distinguishes itself with robust technological advancements and an impressive track record of $30 million in its presale phase. It offers scalability, low transaction fees, and a broad utility that could revolutionize digital transactions. Investors looking for substantial growth potential in 2024 are turning to BlockDAG, recognizing its capacity to lead the next generation of blockchain innovations.

As cryptocurrencies continue to evolve, BlockDAG’s unique features and proven market performance make it the top cryptocurrency for investors seeking to capitalize on the next supercycle in digital finance with a potential for 30,000x ROI.Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

In 2023, Pepe Coin (PEPE) and Bonk (BONK) tokens experienced a surge in popularity and speculative trading activities, captivating investors worldwide. However, their lustre has since faded, paving the way for a new era of innovation and real-world utility. A new contender has captured the attention of investors and enthusiasts alike. Retik Finance (RETIK), a trailblazing decentralized finance (DeFi) platform, recently raised a staggering $32 million during its presale, solidifying its position as a force to be reckoned with in the industry.

Pepe Coin (PEPE)

Pepe Coin (PEPE) was launched in April 2023, catching investors’ attention with its distinctive branding and meme-inspired appeal. Fueled by speculation and hype, the token skyrocketed, attracting a massive influx of investors. However, as the market cooled and the novelty wore off, Pepe Coin’s value stagnated, and its future remained uncertain.

Bonk (BONK)

Bonk (BONK), another meme-inspired cryptocurrency, gained traction in late 2022, riding the popularity surrounding these lighthearted digital assets. While it initially garnered substantial trading volume and market interest, recent data suggests a decline in activity, potentially indicating a consolidation period or a shift in investor sentiment.

Retik Finance (RETIK): Redefining DeFi with Real-World Utility

Retik Finance has introduced a suite of ground-breaking products and services aimed at bridging the gap between traditional finance and the decentralized world, with the goal of revolutionizing the industry.

DeFi Debit Cards: Seamless Crypto Transactions

One of Retik Finance’s flagship offerings is its virtual DeFi debit cards, a game-changing innovation that allows users to transact with cryptocurrencies in the real world seamlessly. Capitalizing on the growing demand for practical crypto solutions, Retik Finance has launched the beta version of these virtual debit cards a full year ahead of schedule, enabling users to experience the future of finance today.

Retik Pay: Revolutionizing Crypto Payments

Complementing the DeFi debit cards is Retik Pay, a cutting-edge crypto payment gateway that facilitates seamless transactions. Retik Pay empowers businesses and individuals to embrace the benefits of decentralized finance effortlessly by eliminating the barriers associated with traditional payment systems.

Retik Wallet: Non-Custodial and Highly Secure

Ensuring the safety and accessibility of users’ digital assets is a top priority for Retik Finance. To this end, the project has developed a multi-chain, non-custodial, and highly secure DeFi wallet, providing users with complete control over their funds while maintaining robust security measures.

AI-Powered Lending: Innovative Financial Solutions

Retik Finance’s AI-powered lending platform is set to disrupt the traditional lending landscape. By leveraging advanced artificial intelligence algorithms, the platform offers personalized lending solutions tailored to each user’s unique financial profile, ensuring fair and transparent lending practices.

Presale Triumph Sparks $5,000 Giveaway from Retik Finance

Following the success of its presale, Retik Finance has announced a $5,000 giveaway as a token of appreciation for its dedicated community. The groundbreaking DeFi platform encourages supporters to capture the spirit of celebration by creating unique photos, videos, or memes commemorating the presale’s remarkable achievement. Twenty-five lucky winners will be chosen and awarded a $200 prize. 

Visit the links below for more information about Retik Finance (RETIK):

Website: https://retik.com

Whitepaper: https://retik.com/retik-whitepaper.pdf

Twitter: www.twitter.com/retikfinance

Telegram: www.t.me/retikfinance

The cryptocurrency industry has experienced a significant upswing, and riding on the same BEFE Coin has seen outstanding price increases. Seasoned investors and memecoiners are becoming curious to know more about BEFE Coin’s potential.

BEFE has become a hot favorite and stands out from among the present league of memecoin, attracting interest from both active memecoin clubs and nascent investors. In what particular ways has BEFE gained this bullish pace? Let’s dig out the reason!

BEFE’s Emergence in The Meme Coin World

BEFE is tax-free therefore, transactions using BEFE are simpler and more alluring. BEFE is a great choice for any investor who would like not to deal with the complexity of the charge schedule.

BEFE is one of the most well-known players in the meme coin market, and it is growing and finding use cases rapidly. Unlike many other coins, BEFE was touted as a fair launch project and had no presale. This immediately increased accessibility for many potential customers.

BEFE Coin has seen a trading volume of $284,406 over the past 24 hours, indicating a very active community even when the market is in decline. At this point, investors should be feeling very confident about BEFE, as its fully diluted valuation is still $15,925,820. Having reached its all-time high of $0.001128, BEFE has recovered from its all-time low by $24.36% demonstrating great rebound and resilience in investors’ interest.

Why BEFE Should Be Your Top Choice among The Other Meme Coins

BEFE Coin stands out from many other meme currencies for its usefulness and style. Unlike some of its predecessors, like DOGE and PEPE, which saw a lot of pre-launch hype and an extremely complex financial structure, BEFE got off to a 100% fair start. This makes it more popular and less susceptible to a large number of investors.

BEFE does not impose any transaction taxes. This is unusual in the conventional crypto market since transaction fees might function as an additional barrier to entry for potential investors because of their complexity and additional expense. This strategy not only makes trading easier, but it also makes trading more alluring.

BEFE provides liquidity for trade on several platforms, most notably decentralized exchanges like Uniswap and Pancakeswap. BEFE’s easy-to-use transaction system, active community, and clear value make it one of the favourite choices in the meme coin space. BEFE is therefore ready to captivate both seasoned investors and those who are new to the cryptocurrency world.

Conclusion

BEFE is now considered the king of meme coins since its rise is almost identical to the previous major meme coins like Dogecoin and Shiba Inu. 

The BEFE sensation has been steadily rising over the last five weeks. Investors’ aspirations are high on BEFE about its price touching to $0.01 very soon. This phenomenon may keep growing until the end of the year as more investors join the BEFE community. So, this is the right time to choose BEFE.

Victoria, Seychelles, April 27th, 2024, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced to upgrade its Zero-Fee Campaign to Trade to Mine Promotion. This new initiative incentivizes users with Bitget Token (BGB) for trading BTC/USDT and ETH/USDT in the spot market. Daily transaction fees generated by these two pairs will be returned to traders in the form of BGB tokens, and the event will go live on 28th April and end on 20th May, 2024.

The distribution of rewards will be based on the volume of spot transactions in BTC/USDT and ETH/USDT pairs completed the previous day. To provide a better advantage to new users, API transactions, sub-accounts, institutional users, and market maker accounts are excluded from this program.

The total reward pool is directly correlated to the total handling fees collected from eligible BTC/USDT and ETH/USDT transactions, ensuring a fair distribution of rewards among participants. Users can expect the reward amount to be calculated based on the previous day’s data, which will be updated daily at 8:30 pm UTC.

To claim rewards, users can participate by visiting the campaign. Each participant can potentially earn up to a maximum of 500 BGB per day. All unclaimed rewards after the event’s conclusion will be automatically distributed to users’ spot accounts within three days.

For more information on participating, users can visit here.

This isn’t the first time Bitget has given back to its community. In response to the recent all-time highs of Bitcoin and Ethereum, along with major events like the Bitcoin Halving and Ethereum’s Dencun Upgrade, Bitget introduced zero fees on BTC and ETH transactions. This strategic campaign made crypto trading more accessible and affordable for Bitget users. By eliminating trading costs, Bitget aims to encourage broader participation and ease entry for new traders and investors into the crypto space.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Contact

Public RelationsSimran ABitgetmedia@bitget.com

BEFE is at a price range below 1 cent at the moment, but with the latest attention it has been getting, it might break the 0.01 level in the next two weeks. But in the move towards 0.01, several factors will be responsible for the pump and fast drive-up. What could be pushing this meme coin towards the 0.01 zone? And when should we expect this move to happen? These are a few of the questions speculators have been asking and trying to answer as a guide for investors who want to get on the BEFE trade faster.

As we move closer to BEFE, we see its growing potential to outdo the records of other popular meme coins. Taking an insider approach to getting answers to the factors showing investors that this is a potential millionaire maker, we will be starting from the most obvious; the community.

Beefing Up the BEFE Community

BEFE community is one factor creating the opportunities for the meme coin today. The community is currently adding to the echo shouting up the profit potentials of BEFE across platforms. The past growth has been credited mostly to the community’s hype, therefore, for it to get to $1, we also can’t overemphasize the importance of the BEFE community.

BEFE has been growing one step closer to 0.01 in the last 5 weeks with a continuous boost affecting the price of the meme coin every day. The community is spreading across different social media platforms and actively talking about the BEFE coin to make sure everyone on the Internet stays connected with the meme coin.

Impact of Investors in the Last Weeks and Expectations from Them in the Coming Weeks

It is always difficult to decide what investors are thinking at every point in time in the crypto market. This is primarily because most investors are just about what project could give them the most profit. But, in the last 5 weeks, investors’ activity has been pushing the BEFE coin higher than others are getting. The price has moved more than 20x over the last 6 weeks, suggesting that we might be moving into a range that sees the BEFE coin touch the $0.01 mark.

As the growing hype on BEFE continues in the internet space, we should be expecting more investors to join the BEFE coin. This could see the BEFE coin touching all the highest ranges it has created in the past and is likely creating new ones. With this in mind, the potential for BEFE to get to the $0.01 mark in about 3 weeks could be sooner than we think.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Altcoins, meme coins, and layer-1 cryptos face price swings amid Bitcoin stability concerns.

Bitcoin is struggling to maintain crucial support at $63,500.

The latest update from the cryptocurrency market shows a slight uptick in global crypto activity, albeit with some notable declines. The overall market capitalization dipped by 1.79%, to $2.33 trillion, and a 19.83% decrease in total trading volume, now at $63.56 billion.

Bitcoin is facing challenges in maintaining support levels after its fourth halving on April 20, particularly struggling around the $62,700 to $63,500 mark. While Bitcoin grapples with stability, attention has turned to altcoins, with memecoins and layer-1 cryptocurrencies leading the charge to outperform Bitcoin over the past month. This shift has sparked discussions among traders about the potential onset of an altcoin season. 

Market Watchers 

Over the past month, the altcoin market has witnessed significant value growth, particularly amid concerns about Bitcoin’s halving. However, today, major altcoins experienced a decline in their values, suggesting a potential reversal or consolidation in the market.

Ethereum (ETH), the second-largest cryptocurrency, is encountering resistance in breaching the $3,150 zone, while BNB and Solana have experienced 3% and 5% declines in their respective prices over the last 24 hours.

The frenzy surrounding meme coins, which has captured the attention of the entire market, has also encountered a substantial decline in prices. Prominent meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE are among those experiencing significant drops in value.

It’s the dawn of a new crypto bull run and as all the signs continue to align, Bitgert coin (BRISE) is set for a price surge that could deliver up to 2000% ROI for investors.

Shortly after Bitgert launched in 2021, it reached a market cap of about $350 million. At the time it made a lot of early adopters richer and produced more than 5,000% Increase gaining the vote of confidence from many profitable crypto traders. 

Unfortunately, the Bitcoin bearish momentum played a part in kneecapping the value of many promising coins, Bitgert included.  Now that bitcoin is all set for a bull run and has continued to create a new all-time high (ATH), it’s also a sign for many investors to get ready for a Bitgert price surge. 

Major Contributors to the Bitgert Next Price Surge

Unlike many flashy crypto projects, Bitgert prioritizes real-world solutions. Analysts are impressed by Bitgert’s focus on reducing transaction energy consumption while maintaining network security and speed. This focus on sustainability is a major selling point for investors seeking long-term growth in the blockchain space, and also one of the major contributing factors to the next Bitgert price surge. 

It’s especially true since crypto veterans with a keen eye for potential are already flocking towards Bitgert coin (BRISE). The coin’s impressive recent gains (26.68% last week, 108.63% past month) coupled with its commitment to sustainable development is attracting investors seeking stable, long-term growth in the blockchain world.

Bitgert Coin, Finally a Chance to Create an ATH 

When it comes to trading cryptocurrencies, only time will tell what becomes of any token. However, it might be too late for investors who don’t decide to be part of the move as Bitgert is getting ready to create an ATH with a possibility of more than 2000% return on investment. 

Notably, bitcoin halving happened not too long ago leaving the crypto market potentially on the cusp of a bull run. Bitgert Coin presently offers a unique opportunity to leverage this next bull run for amazing returns. 

The combination of innovative tech, a focus on sustainability, and a growing community of believers has created the perfect storm for a potential price surge.

Conclusion

It’s necessary to do your research before going all in on any project. However, Bitgert Coin is currently the once-in-a-lifetime token that’s worth going all-in. 

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Greg Solano shared the news via a series of tweets and postings on the Slack platform.

According to Solano, the goal is to establish a smaller, more agile workforce.

The firm reorganization was announced by Yuga Labs, the maker of the Bored Ape Yacht Club (BAYC) NFTs. Greg Solano, who is both a co-founder and the company’s newly-returned chief executive officer, made the news via a series of tweets and postings on the Slack platform.

According to Solano, the goal is to establish a smaller, more agile workforce that is in line with crypto-native principles in order to return the firm to its original size and operational foundations. The dynamic nature of the digital asset market necessitates this shift as Yuga Labs strives to regain its status as an innovative firm.

Changing Market Conditions

Following the layoffs that occurred in October of last year, another wave of layoffs is part of the reorganization plan. The decision is part of a larger strategy to drastically reduce staff in order to boost operational efficiency, although it did not specify how many jobs will be impacted.

This project exemplifies Solano’s aim to return the corporation to its humble beginnings, when it was a lean but mean squad capable of making snap choices. Reducing the difficulties brought on by fast expansion and refocusing attention on critical initiatives that are in line with the company’s fundamental goals are the two main aims.

After a time of rapid expansion, Yuga Labs is now in a position where it has to reorganize. Market conditions have changed since the firm raised $450 million in March 2022, when it was valued at $4 billion. The issue has become much worse due to the decline in ApeCoin’s value and the overall negative trend in the NFT market.

Highlighted Crypto News Today:

Will Bitcoin Bulls Triumph Over its Current Trials?

Bitgert Coin has been making waves and setting new standards in the crypto space since its inception, with its promising features and technological innovations. Investors now seek for projects that will yield a lot in their investments and bitgert is one that has met up with that standard.

With its solid foundation and unique developments in its early stage of inception, it is important for investors and traders to know that there is every possibility that Bitgert’s coin attained a massive surge in the near future of over 2000%.

Bitgert’s objective to provide investors with outstanding features, a seamless and secured trading ecosystem, has seen its demand rise and its development on the  increase. The low transaction fees and its fast transaction process has also seen this upward movement.

BITGERT Coin: A Massive Surge Incoming For The Future

In the rapid growth and expansion of the crypto space, the innovative technology of bitgert coin has made it among the top contenders, especially its use of the Binance chain. It has got the potential and capabilities to adopt and expand in the world of crypto due to its ability to make use of opportunities to further create a better decentralized exchange and NFT market place.

The bitgert community and team have been very active and committed to the growth of it’s cryptocurrency. They’ve got all a crypto project needs to create demand for its cryptocurrency and increase its price.

The bitgert team is still looking for more unique ways to develop and expose its coin and exchange. This will cause a massive rise in its price as there will be an increase in demand.

The more extensive crypto currency market bullish insight and expansion has further made for a convenient environment for Bitgert’s coin development.

Bitgert Coin’s unique feature and potential has foreseen the interest of many experts and traders who are looking to diversify their portfolio.

BITGERT Coin Price Forecast For The Future By Experts 

Bitgert has been forecasted to reach a new high price in the coming weeks and months, of over 2000%. Investors and experts are inquisitive about the future price of Bitgert’s coin. However, seeing that in the short run bitgert coin has seen a high surge, experts now predict it will surpass its ATH in the long run.

A 2000% may look too conjured.. However, Bitgert with its features and potentials will do above that in the coming weeks. If Bitgert continues with this pace and drive in delivering the best to Investors, there is not a doubt that investors confidence will be strengthened further fueling the rise in its price.

Conclusion 

Bitgert has made itself a representation of a unique opportunity for Investors looking to gain financial stand and harness the potentials of decentralized blockchain.

The future has always been promising for BIGERT, its surge to 2000% growth is very much feasible as experts have forecasted.

It’s best to check out their website for more info

Bitcoin’s price drop triggers FUD, signaling potential market recovery.

Significant whale movements and Bitcoin ETF trends shape market sentiment.

The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge, painting a bleak picture for short-term prospects. 

The global crypto market cap has undergone a 1.50% decline in the last 24 hours, settling at $2.33 trillion. This downward trend extends to trading volumes, with a notable 18.84% decrease to $64.32 billion. The DeFi sector’s trading volume is $5.36 billion, constituting 8.34% of the total market activity. Notably, Bitcoin’s dominance has experienced a slight dip, currently at 53.33%.

However, amidst the prevailing FUD, there emerges a glimmer of hope as historical data suggests that such sentiments often precede market recoveries.

BTC Price Chart, Source: Santiment Team Bears or Team Bulls?

In market turmoil, a notable whale movement has caught the attention of traders. Just 43 minutes ago, a whale deposited a staggering 1,200 BTC ($77.67 million) into Kraken, signaling a potential strategic move amidst the price volatility. This action follows a series of significant accumulations by whales, with one entity accumulating 24,755 BTC ($1.68 billion) between March 1 and April 15, at an average price of $68,051.

Meanwhile, the latest data on Bitcoin ETFs reveals a concerning trend. The net inflow for April 26, 2024, stands at -$84 million, marking the third consecutive day of negative flows. Six out of ten Bitcoin ETFs recorded zero flows, with BlackRock iShares Bitcoin Trust IBIT experiencing no activity for three consecutive days.

However, there are signs of resilience as Grayscale Bitcoin Trust GBTC managed to reduce its single-day outflow from $139 million to $82.4 million. The daily Relative Strength Index (RSI) sits at 45, indicating nearing oversold conditions, potentially paving the way for a market rebound.

As the community navigates through this period of uncertainty, all eyes remain on market dynamics and investor sentiment, with hopes pinned on a potential recovery in the near future.

BONK has surged over 4100% in a year, placing it among the top gainers in the market.

Revolut has added BONK to its cryptocurrency portfolio.

Amid the ongoing frenzy surrounding meme coins, Bonk (BONK) has emerged as a notable contender, experiencing a surge in value following a recent downturn in the market. This spike in price coincides with the conclusion of the fourth Bitcoin halving, adding to the excitement among cryptocurrency enthusiasts.

Recently, Revolut, a prominent global neobank, has expanded its cryptocurrency offerings by introducing the BONK meme coin to its trading platform. This move is part of Revolut’s strategy to provide users with a wider selection of digital currencies globally, ensuring access to over 150 digital assets.

BONK Price Prediction-24H

BONK has seen a significant increase in its value, climbing by 60% in the past week alone. Its impressive one-year performance showcases a staggering 4118% rise in value, positioning it as the top gainer among meme coins. According to CoinMarketCap, Bonk currently holds the 59th position with a market cap of $1.78 billion.

However, today the meme coin saw a 6% decline in its value parallel with the global crypto market trend. All other coins, including Bitcoin, are facing a downtrend. At the time of writing, BONK traded at $0.000024 with a daily trading volume of $424 million.

Analyzing the technical outlook, BONK exhibits indications of potential further gains. The currency’s pivotal point is currently established at $0.000025. If BONK sustains momentum above this level, it could lead to testing immediate resistance levels at $0.000028, which could trigger more rallies toward the resistance levels of $0.000033 and $0.000035.

Conversely, if BONK fails to maintain this crucial support, it may result in testing support levels at $0.000020 and $0.000017. That would trigger more losses and send the price level to $0.000014 support. A breach below these levels could trigger a significant price decline.