According to BlockBeats, the US core Personal Consumption Expenditures (PCE) price index annual rate for March was reported at 2.8%. This figure exceeded the anticipated rate of 2.7%, matching the previous value of 2.8%. The PCE index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The core PCE index excludes volatile food and energy prices to provide a clearer picture of underlying inflation trends. The data is closely watched by the Federal Reserve as it sets its inflation target based on the core PCE price index. The higher than expected rate indicates a potential increase in inflation, which could influence the Federal Reserve's future monetary policy decisions.

According to U.Today, Forbes recently referred to several high-profile cryptocurrencies, including XRP and ADA, as 'crypto zombies' in a research article. This term is used to describe layer-1 blockchains that have a significant market valuation but limited utility beyond speculative trading. Ripple Labs, the company behind XRP, was highlighted as a prime example of a 'crypto zombie'. Despite the active daily trading volume of XRP, Forbes suggests that its use does not extend beyond market speculation. Ethereum Classic (ETC) was also included in the list due to its high market value and relatively low network fees. ETC was created in 2016 as a result of a hard fork from the DAO incident and is considered a continuation of the original Ethereum blockchain. Forbes also expressed skepticism about Algorand, previously hailed as an 'Ethereum killer' for its high transaction capacity. The publication cited low income from blockchain transaction fees as evidence of its lack of utility. The inclusion of Cardano in the list was seen as a surprise. Forbes' article suggests that the project trades on the popularity of its founder, Charles Hoskinson, and raises questions about his educational claims. However, Cardano supporters argue that its ecosystem is active and thriving, providing value and utility beyond mere speculation. They cite the network’s inflows and ongoing development activities as proof of its vitality and relevance. While Forbes' statements may seem harsh to those who identify with the aforementioned communities, it's important to note that the views and opinions of the researcher may not always align with reality and are only part of a personal perspective. Some of the mentioned projects indeed have issues with utility, while others represent vibrant ecosystems with strong cases.

According to U.Today, Samson Mow, CEO of Bitcoin adoption-focused company Jan3, recently engaged in a discussion about Bitcoin privacy and the identity of its pseudonymous creator, Satoshi Nakamoto. Mow quoted Nakamoto's statement from the Bitcoin white paper, which suggested an alternative method of maintaining privacy compared to traditional banking models. Nakamoto proposed keeping private keys anonymous, allowing transactions to be visible but not linked to any specific individual. Mow's comments sparked a response from Ledger CTO Charles Guillemet, who argued that 'Pseudonymity is a weak form of privacy.' Mow retorted by challenging Guillemet to reveal Nakamoto's real identity. In a separate conversation, Mow predicted the emergence of 'Omega Bitcoin candles,' a term referring to large greed trading candles associated with high volatility. He believes that the recent Bitcoin halving, which reduced block rewards from 6.25 BTC to 3.125 BTC, will create a Bitcoin supply shock. This, coupled with the demand shock created by spot Bitcoin ETFs buying up BTC from the market, could lead to the appearance of Omega candles, potentially driving Bitcoin's value to the anticipated $1 million mark. Following the halving, Bitcoin's value increased by nearly 10% to reach $67,000. However, it has since declined by 3.76%, with Bitcoin currently trading in the $64,400 range.

According to U.Today, renowned financial expert and Bitcoin investor, Robert Kiyosaki, has expressed his views on the current state of the U.S. economy. Kiyosaki, the author of the classic finance management book 'Rich Dad Poor Dad', stated that the U.S. economy is in a state of depression, defined as an economy experiencing subpar growth. He pointed out that while the economy may be growing, it is doing so below its potential. Kiyosaki highlighted that the economy grew by 3.4% in the last quarter of 2023, but in the first quarter of 2024, it grew by less than half of that, at 1.6%. He believes that there will not be a soft landing for the U.S. economy, but remains optimistic as the economy continues to grow. He also urged his followers to disregard fake news. In response to Kiyosaki's statement, members of various cryptocurrency communities shared their thoughts. Some suggested that the definition of a depression should be revised based on Kiyosaki's explanation, while others criticized the author. A majority of the comments were positive, with many praising Bitcoin and expressing gratitude for Kiyosaki's insights. In addition to his views on the economy, Kiyosaki has also made predictions about Bitcoin. Earlier this year, he stated that he expected Bitcoin to reach $100,000 by September. He cited the Bitcoin halving event, which occurred in April, as a major driver for this anticipated price increase. Kiyosaki also revealed plans to purchase an additional 10 Bitcoins before the halving, in anticipation of a significant price rise.

According to Foresight News, Visa has launched a stablecoin on-chain analysis dashboard that can aggregate market data of stablecoins pegged to fiat currencies. The service uses filters to exclude information that does not reflect real user transactions. The technical partner for this project is Allium Labs, a company specializing in processing public blockchain data. This new tool will provide a comprehensive view of the stablecoin market, offering valuable insights into the transactions and trends within this growing sector of the cryptocurrency market. The collaboration with Allium Labs, known for their expertise in blockchain data, further enhances the reliability and accuracy of the data provided by the dashboard.

According to BlockBeats, the Bitcoin network has generated over 2129 BTC, equivalent to approximately 135 million USD, in fees within the first week of the Runes token standard launch. The Runes token standard, a new addition to the Bitcoin network, has shown significant financial activity since its introduction. This development indicates a strong start for the Runes token standard and suggests a positive reception within the Bitcoin network. Further details about the distribution and use of these fees remain undisclosed. The impact of this new token standard on the overall Bitcoin network will continue to be monitored in the coming weeks.

According to Foresight News, the cross-chain protocol Owlto has launched on the BTC ecosystem today at 19:00. The launch is accompanied by a week-long free event that includes seven networks: Merlin, B² Network, BEVM, MAP Protocol, Taproot chain, Bitlayer, and Core. Yesterday, the total number of transactions on the Bitcoin ecosystem's Layer 2 and other networks on Owlto Finance reached 1,549,313, ranking it first among all cross-chain protocols.

According to Foresight News, the Kamino Foundation has announced the launch of its KMNO token within the Solana ecosystem. The token is set to be released on April 30. The distribution of the token has been detailed, with 35% allocated to the community and donations, 10% to liquidity and treasury, 20% to core contributors, and the remaining 35% to principal advisors. The total supply of KMNO tokens will be 10 billion, with an initial circulation of 1 billion.

According to PANews, a wallet address active on the Solana blockchain has earned over $50.72 million in profits within just a week by executing 'sandwich attacks' on other users' transactions. A 'sandwich attack' is a common manipulation strategy on decentralized finance (DeFi) platforms. In this strategy, the attacker quickly places transactions before and after the target transaction to influence the price and profit from it. This recent incident on the Solana blockchain highlights the potential risks and vulnerabilities associated with DeFi platforms. The Solana blockchain, known for its high-speed and low-cost transactions, has been a popular choice for many users. However, this incident serves as a reminder of the need for users to be vigilant and aware of the potential risks involved in blockchain transactions. It also underscores the importance of implementing robust security measures to protect against such attacks.

According to Foresight News, NFA Labs, a decentralized hedge fund and decentralized autonomous organization, has recently partnered with investment fund and asset management company Quantix Capital. As part of the partnership, Quantix Capital has pledged to invest $10 million in NFA Labs to help develop its ecosystem. This collaboration signifies a significant step in the growth and development of NFA Labs, as the investment will provide the necessary funds to expand and enhance its operations. The partnership also highlights the increasing interest and investment in decentralized organizations and their potential to transform traditional financial systems. The investment from Quantix Capital will be used to further develop the ecosystem of NFA Labs, potentially leading to new innovations and advancements in the field of decentralized finance.

According to BlockBeats, on April 26, paulo.sol made a significant profit of $22.83 million by trading Meme coins on Solana. The profits were realized from various platforms. On WIF, paulo.sol made a profit of $9.51 million. On BODEN, the profit was $7.04 million, and on BONK, the profit was $6.28 million. Solana is a high-performance blockchain platform that supports developers and businesses to create crypto apps that scale. Meme coins are a type of cryptocurrency that started as a joke but have gained popularity and value due to their community-driven nature. The significant profit made by paulo.sol demonstrates the potential profitability of trading Meme coins on platforms like Solana. However, it's important to note that while the profits can be high, the risks associated with trading cryptocurrencies, including Meme coins, are also significant. Investors should always conduct thorough research and consider their risk tolerance before engaging in cryptocurrency trading.

According to PANews, Pavel Durov, the founder of Telegram, announced on his personal Telegram channel that the platform has introduced 17 new features this month. These are not just minor improvements or bug fixes, but significant enhancements that expand the ways users can use Telegram. For instance, users can now explore recommended channels, and a new unlimited real-time location feature transforms groups into location-based networks for families and close friends. Custom emojis have turned traditional voting into widely adjustable surveys, and the addition of a 'My Profile' section has enhanced Telegram's social attributes. Moreover, story reaction notifications have made story publishing more interesting, and new group admin tools have simplified the management of large communities. Durov also specifically mentioned a new sticker maker introduced ten days ago. These updates are expected to improve user experience and engagement on the platform.

According to BlockBeats, Eric Balchunas, a Bloomberg ETF analyst, reported on April 26 that BlackRock's IBIT is currently ranked second in terms of fund inflows since the beginning of the year, among all 10,698 registered funds in the United States. These funds include ETFs, mutual funds, and closed-end funds. Data from Farside Investors indicates that since the launch of the Bitcoin spot ETF, BlackRock's IBIT has seen a net inflow of $154.786 billion. This significant inflow demonstrates the growing interest and investment in cryptocurrency-related funds, particularly those managed by established financial institutions like BlackRock.

The global cryptocurrency market cap now stands at $2.36T, down by -3.76% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $62,794 and $65,298 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,506, up by 0.75%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include COS, REI, and W, up by 34%, 20%, and 13%, respectively. Top stories of the day: Bitcoin Bull Market Could Revive After a $1.4 Trillion US Liquidity Surge, Predicts Arthur Hayes Shiba Inu Cryptocurrency Witnesses Surge in Large Transaction Volume Grayscale Bitcoin Trust Sets Unusual Record for ETF Outflows Cryptocurrency Update: Cardano, Solana, and Shiba Inu Face Challenges US Judge Sets Schedule for Ripple's Motion Against SEC's New Expert Materials SEC Accuses Geosyn Mining Co-Founders of Defrauding Investors BNY Mellon Holds Bitcoin ETF From BlackRock And Grayscale, Reports Indicate Hong Kong Exchange To Commence Trading Bitcoin And Ethereum Spot ETFs Celsius Loan Creditors Plan To Appeal Restructuring Due To Low Asset Recovery Rate  DYDX Token Report Released, 14.8% Of Total Supply Staked Market movers: ETH: $3151.15 (+0.36%) BNB: $609.8 (-0.41%) SOL: $144.32 (-1.64%) XRP: $0.5261 (+0.02%) DOGE: $0.15125 (+0.62%) ADA: $0.4686 (-0.62%) SHIB: $0.00002585 (+3.23%) AVAX: $35.51 (+0.31%) TRX: $0.11784 (+2.90%) WBTC: $64433.47 (+0.51%) Top gainers on Binance: COS/USDT (+34%) REI/USDT (+20%) W/USDT (+13%)

On Apr 26, 2024, 09:13 AM(UTC). According to Binance Market Data, BNB has dropped below 610 USDT and is now trading at 609.700012 USDT, with a 0.29% decrease in 24 hours.

According to Cointelegraph: Bitcoin (BTC) could witness a revival of its bull market owing to upcoming shifts in the US economic landscape, anticipates Arthur Hayes, the ex-CEO of crypto exchange BitMEX. TGA vs. RRP liquidity chart. Source: Arthur Hayes/X Despite slimming odds for the US Federal Reserve to lower interest rates and stimulate liquidity influx into the economy, Hayes encourages market watchers to shift focus from the Fed to US Treasury Secretary Janet Yellen. Scheduled for April 29, the US Treasury is set to issue the quarterly refunding documentation highlighting the government's liquidity management strategies. In Hayes' view, the two critical liquidity sources to watch are the Treasury General Account (TGA) and the Reverse Purchase Agreements (RRPs).  "Expect a rally in stonks and most importantly a re-acceleration of the crypto bull market," says Hayes if either TGA gets drained, money gets pulled from the RRP pool, or a mix of both actions occur. This could result in a $1.4 trillion liquidity boost. Amidst this backdrop, US spot Bitcoin Exchange-Traded Funds (ETFs) continue to gain their audience foothold. Despite marking the most fruitful ETF launch in history, ETF analyst at Bloomberg, Eric Balchunas, doesn't perceive the recent inflow cooling as a cause for alarm. U.S. spot Bitcoin ETF AUM chart. Source: Eric Balchunas/X Cathie Wood, CEO of ARK Invest - a spot Bitcoin ETF provider, foresees an acceleration of this trend despite small allotments so far.

According to U.Today, Shiba Inu (SHIB), a dog-themed cryptocurrency, has experienced a significant 61.39% increase in large transaction volume, typically indicative of whale activity. Large transaction volume is a key metric from IntoTheBlock that shows the total amount transacted by whales on a specific day. High activity among whales, either buying or selling, is often signaled by spikes in large transaction volumes. In recent times, there has been a decline in the volume of large transactions for SHIB exceeding $100,000. SHIB saw a substantial drop in large transaction volume, plummeting from 6.36 trillion SHIB on April 19 to 2.06 trillion SHIB on April 20. Since then, Shiba Inu's large transactions have remained steady between two trillion SHIB and 3.73 trillion SHIB, until a sudden increase on April 24. Large transaction volumes rose from 3.73 trillion SHIB on April 23 to 6.23 trillion SHIB on April 24. The monetary value of large transactions in the past 24 hours hit $162.45 million, a seven-day high. This increase in large transaction volume is particularly noteworthy as it coincides with a broader market downturn, with major cryptocurrencies losing between 4% and 20%. Despite a 13% rise in the previous seven days, Shiba Inu was not immune to the bearish trend, falling 8.69% in the last 24 hours to $0.00002486. The resurgence of whale activity could indicate renewed interest in the dog-themed token, especially as whales often use correction periods to accumulate at a discount. The rise in transaction volume could suggest that large investors are repositioning themselves in the market, potentially in anticipation of future price movements. The return of SHIB whales also coincides with a period of increased enthusiasm: Shiba Inu has recently secured $12 million in funding, positioning it to become a significant player in the crypto market. As SHIB whales return, investors and traders will be closely watching market trends for indications about the cryptocurrency's price trajectory.

According to U.Today, Justin Bieber's foray into non-fungible tokens (NFTs) has seen a considerable downturn, with the value of his investments experiencing a significant drop. Data from Arkham Intelligence reveals that Bieber's NFT investments, which totaled over $2 million in 2022, have depreciated by about 95%, now valued at just over $100,000. Bieber's NFT portfolio decline is reflected in the fate of his acquisitions. Initially, his wallet received a substantial sum of $2.34 million in Ethereum (ETH), which he used to purchase two Bored Apes and two Mutant Apes, totaling $1.86 million. He also invested in various other tokens, including a World of Women token, two Doodles, an Otherdeed, and a Metacard. These tokens have seen significant value declines ranging from 89.7% to 97.4%. Despite the substantial losses, Bieber's wallet still holds some value, currently containing just under $500,000 in Ethereum (ETH) and APE tokens. He continues to hold one Bored Ape and one Mutant Ape, although their combined value has decreased to approximately $47,300. Celebrity involvement in cryptocurrency reached its peak during the latter stages of the previous bull cycle in late 2021. Celebrities such as Eminem, Justin Bieber, and rapper Future were reported to be participating in the crypto space, either by purchasing popular NFT collections like Bored Apes or by adopting symbols like laser eyes on their social media avatars. However, the subsequent downturn in the crypto market has led to significant adjustments in their investments. While Bitcoin's price has rebounded impressively since hitting rock bottom in late 2022, soaring over 400% and setting new all-time highs, the market has yet to fully recover to its 2021 fervor. Bieber's experience serves as a stark example of this reality, with his NFT investments recording a substantial loss despite the recent resurgence in cryptocurrency prices.

According to U.Today, Grayscale Bitcoin Trust (GBTC) has set a unique record as a global Exchange Traded Fund (ETF) product with an unusually high underperformance. Bloomberg Senior ETF Analyst Eric Balchunas reported that GBTC has sustained a 72-day outflow streak, a record unmatched by any other known ETF in the industry. This trend has been ongoing since spot Bitcoin ETFs were approved in the United States in January, with investors consistently withdrawing funds, albeit at varying rates. Balchunas's statement has sparked reactions from the community, with many attributing GBTC's underperformance to the firm's fee decisions. At its inception, while other issuers set a minimal fee, Grayscale announced it would charge 1.5%, a significant amount compared to the average 0.2% charged by its competing ETF issuers. Grayscale executives defended this decision, arguing that GBTC's legacy and the expertise of its team would render the fees insignificant in the long run. However, current data trends are being viewed as a major red flag that may not bode well for Grayscale in the near future. The spot Bitcoin ETF market appears to be gradually losing momentum. This observation is based on the recent break in the stellar performance of BlackRock’s IBIT. The Bitcoin ETF recorded its first halt in inflow earlier this week, indicating a potential shift away from risk assets. This drop coincided with a period of intense bearish volatility in the price of Bitcoin. At the time of writing, the premier asset is trading at $63,628.56, down by 2.1% in the past 24 hours. Given the bearish Bitcoin outlook, the short-term trends of BTC and their potential impact on GBTC remain uncertain.

According to U.Today, Dogecoin (DOGE), the most prominent meme cryptocurrency, has developed a head and shoulders pattern, as reported by cryptocurrency trader Josh Olszewicz. This popular reversal pattern is frequently used by traders to predict the onset of a downtrend. The reversal point on the left side of Olszewicz's chart is referred to as 'the left shoulder.' The peak is known as 'the head' of the pattern, while the right shoulder signifies another reversal point, which, along with the left reversal point, forms the neckline. The price of Dogecoin could potentially break the neckline, thus creating a lower low. If this happens, the bearish pattern would be deemed complete. This price pattern essentially indicates a loss of bullish momentum when the price fails to make a higher high. At the time of writing, Dogecoin is trading at $0.15 on major spot exchanges, down more than 4.2% over the past 24 hours, mirroring the performance of the broader cryptocurrency market. In other news, Bitcoin, the leading cryptocurrency, briefly fell below the $63,000 level before bouncing back to $63,622. Analytics firm Fitch suggests that a potential Federal Reserve rate cut may be unlikely this year, given recent economic data indicating slowing GDP growth and rising inflation in the U.S. The firm stated that if growth continues to decelerate slowly, but inflation strongly surges in the wrong direction, the prospect of a Fed interest rate cut in 2024 is becoming increasingly unlikely. Futures traders are now pricing in zero rate cuts for 2024, a significant reversal from earlier expectations of three rate cuts this year. This hawkish shift could negatively impact cryptocurrencies, particularly meme coins, as risk assets typically benefit from a loose monetary policy, which does not appear to be on the cards for 2024.