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Custodia Bank Files Appeal After Court Ruling on Federal Reserve Account Access
Federal Reserve Banks are given authority over the granting of master accounts.
Financial institutions have the most direct access to the U.S money supply via these accounts.
Following last month’s ruling by a Wyoming court that Custodia Bank did not have the right to a Federal Reserve master account, the digital asset bank filed a notice of appeal on Friday.
As the latest development in a long-running dispute over the bank’s potential access to the central bank’s payment systems, the notice was filed by Custodia’s lawyers in the U.S. District Court for the District of Wyoming.
Pursue of Master Account
Federal Reserve Banks are given authority over the granting of master accounts, according to a March ruling made by Judge Scott Skavdahl. Financial institutions have the most direct access to the U.S. money supply via these master accounts, which also provide them direct access to the Fed’s payment systems.
In order to access services, those without master accounts are sometimes compelled to depend on partner banks that do have master accounts.
The judge said in a ruling last month:
“If Custodia’s position was correct, it would effectively mean that every depository institution chartered under the laws of a state, regardless of how soundly crafted, is entitled to a master account allowing it direct access to the federal financial system.”
The Kansas City Fed received Custodia’s master account application in 2020. The company was formed by Caitlin Long, a seasoned Wall Street professional. The Board of Governors of the Federal Reserve System wanted to assume control of the decision-making process in the spring of 2021.
After that, in 2022, Custodia took legal action by suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City for their delayed decision about its master account application to the central bank. In January 2023, the request for a master account made by Custodia was subsequently declined.
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Financial institutions have the most direct access to the U.S money supply via these accounts.
Following last month’s ruling by a Wyoming court that Custodia Bank did not have the right to a Federal Reserve master account, the digital asset bank filed a notice of appeal on Friday.
As the latest development in a long-running dispute over the bank’s potential access to the central bank’s payment systems, the notice was filed by Custodia’s lawyers in the U.S. District Court for the District of Wyoming.
Pursue of Master Account
Federal Reserve Banks are given authority over the granting of master accounts, according to a March ruling made by Judge Scott Skavdahl. Financial institutions have the most direct access to the U.S. money supply via these master accounts, which also provide them direct access to the Fed’s payment systems.
In order to access services, those without master accounts are sometimes compelled to depend on partner banks that do have master accounts.
The judge said in a ruling last month:
“If Custodia’s position was correct, it would effectively mean that every depository institution chartered under the laws of a state, regardless of how soundly crafted, is entitled to a master account allowing it direct access to the federal financial system.”
The Kansas City Fed received Custodia’s master account application in 2020. The company was formed by Caitlin Long, a seasoned Wall Street professional. The Board of Governors of the Federal Reserve System wanted to assume control of the decision-making process in the spring of 2021.
After that, in 2022, Custodia took legal action by suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City for their delayed decision about its master account application to the central bank. In January 2023, the request for a master account made by Custodia was subsequently declined.
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Decentralized Exchange ShibaSwap Moves to Shibarium, Offering New Innovations
UK Authorities Gain Power to Seize Crypto Holdings Without Arrests
Victims of crimes may seek to recover funds confiscated from their cryptocurrency accounts.
Privacy coins were emphasized in the release as being “detrimental to the public good.”
Authorities in the United Kingdom now have more power to “seize, freeze, and destroy” offenders’ crypto holdings, according to the National Crime Agency (NCA) and police. The country’s law enforcement will be able to confiscate cryptocurrency assets without first making an arrest, according to the new regulations.
A press statement from the United Kingdom’s Home Office states that while investigating a crime, authorities have the authority to confiscate materials such as memory sticks or passwords. If British authorities determine that reintroducing a cryptocurrency into circulation would be harmful to society as a whole, they will also have the authority to remove it from circulation.
Empowering Law Enforcement
As of April 26, part of the new regulations allows law enforcement to move seized crypto to wallets under the authorities control, and victims of crimes may seek to recover funds confiscated from their cryptocurrency accounts.
Moreover, British Home Secretary James Cleverly emphasized that lawbreakers should not benefit financially from their illicit endeavors. Cleverly stated that the additional police powers were justified by crypto fundraising efforts by various parties. The new rules were put in place when a criminal statute was passed by the British parliament in 2023, which allowed for the quick confiscation of crypto.
Privacy coins were emphasized in the release as being “detrimental to the public good.” A much greater degree of anonymity is provided by privacy coins, in contrast to the pseudo-anonymity offered by most cryptocurrencies.
When a wallet address is linked to a person’s identity via processes like Know Your Customer (KYC), it becomes possible to track and identify all transactions performed by that wallet, even while the addresses themselves remain anonymous.
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Decentralized Exchange ShibaSwap Moves to Shibarium, Offering New Innovations
Privacy coins were emphasized in the release as being “detrimental to the public good.”
Authorities in the United Kingdom now have more power to “seize, freeze, and destroy” offenders’ crypto holdings, according to the National Crime Agency (NCA) and police. The country’s law enforcement will be able to confiscate cryptocurrency assets without first making an arrest, according to the new regulations.
A press statement from the United Kingdom’s Home Office states that while investigating a crime, authorities have the authority to confiscate materials such as memory sticks or passwords. If British authorities determine that reintroducing a cryptocurrency into circulation would be harmful to society as a whole, they will also have the authority to remove it from circulation.
Empowering Law Enforcement
As of April 26, part of the new regulations allows law enforcement to move seized crypto to wallets under the authorities control, and victims of crimes may seek to recover funds confiscated from their cryptocurrency accounts.
Moreover, British Home Secretary James Cleverly emphasized that lawbreakers should not benefit financially from their illicit endeavors. Cleverly stated that the additional police powers were justified by crypto fundraising efforts by various parties. The new rules were put in place when a criminal statute was passed by the British parliament in 2023, which allowed for the quick confiscation of crypto.
Privacy coins were emphasized in the release as being “detrimental to the public good.” A much greater degree of anonymity is provided by privacy coins, in contrast to the pseudo-anonymity offered by most cryptocurrencies.
When a wallet address is linked to a person’s identity via processes like Know Your Customer (KYC), it becomes possible to track and identify all transactions performed by that wallet, even while the addresses themselves remain anonymous.
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Decentralized Exchange ShibaSwap Moves to Shibarium, Offering New Innovations
Cardano’s Upcoming Ouroboros Genesis Marks Shift Towards P2P Networking
A gradual shift is taking place in Cardano’s hybrid paradigm toward full P2P networking.
The highly awaited upgrade, the Ouroboros Genesis, has been teased by IOG.
The first-ever phase of Ouroboros Genesis is almost here, and with it, a massive improvement for Cardano. This shift is revolutionary since it incorporates P2P (peer-to-peer) activities in its entirety.
The decentralization, security, and resilience of the blockchain are all enhanced by peer-to-peer networking. The ability to transmit and synchronize data directly amongst participants eliminates the need for intermediaries. A gradual shift is taking place in Cardano’s hybrid paradigm toward full P2P networking. In recent months, it has achieved modest progress.
Beginning of a Series of Modifications
Moreover, automating peer selection procedures became possible with the launch of Cardano’s Dynamic P2P technology in March 2023. The upgrade to node v.1.35.6 had the same effect. As a result, it simplified the role of relay and block-producing nodes and improved communication across dispersed nodes. Instead, dynamic setups took their place, doing away with static ones and the need for stake pool operators’ (SPOs’) manual input.
The highly awaited upgrade, the Ouroboros Genesis, has been teased by IOG, the corporation that governs Cardano. Consequently, this is only the beginning of a series of modifications; the whole Chang upgrade is scheduled for the summer. During the genesis phase of the Cardano network, it allows a predetermined selection of nodes to function completely autonomously.
The Ouroboros Genesis is an upgrading block for Chang. Designed to simplify the process for newly-connected nodes, it streamlines the network setup process. Currently, in order for a node to join the network, it must first get a secure SPO from a validator. This process is then coordinated with another reliable SPO or organization. Since this integrates Ouroboros Genesis with the autonomous process, this kind of coordination is superfluous.
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The highly awaited upgrade, the Ouroboros Genesis, has been teased by IOG.
The first-ever phase of Ouroboros Genesis is almost here, and with it, a massive improvement for Cardano. This shift is revolutionary since it incorporates P2P (peer-to-peer) activities in its entirety.
The decentralization, security, and resilience of the blockchain are all enhanced by peer-to-peer networking. The ability to transmit and synchronize data directly amongst participants eliminates the need for intermediaries. A gradual shift is taking place in Cardano’s hybrid paradigm toward full P2P networking. In recent months, it has achieved modest progress.
Beginning of a Series of Modifications
Moreover, automating peer selection procedures became possible with the launch of Cardano’s Dynamic P2P technology in March 2023. The upgrade to node v.1.35.6 had the same effect. As a result, it simplified the role of relay and block-producing nodes and improved communication across dispersed nodes. Instead, dynamic setups took their place, doing away with static ones and the need for stake pool operators’ (SPOs’) manual input.
The highly awaited upgrade, the Ouroboros Genesis, has been teased by IOG, the corporation that governs Cardano. Consequently, this is only the beginning of a series of modifications; the whole Chang upgrade is scheduled for the summer. During the genesis phase of the Cardano network, it allows a predetermined selection of nodes to function completely autonomously.
The Ouroboros Genesis is an upgrading block for Chang. Designed to simplify the process for newly-connected nodes, it streamlines the network setup process. Currently, in order for a node to join the network, it must first get a secure SPO from a validator. This process is then coordinated with another reliable SPO or organization. Since this integrates Ouroboros Genesis with the autonomous process, this kind of coordination is superfluous.
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Decentralized Exchange ShibaSwap Moves to Shibarium, Offering New Innovations
Vitalik Buterin Clarifies Ethereum’s PoS Transition Amid Community Tensions
Buterin chimed in to point out that the PoW algorithm is centralized.
Application-Specific Integrated Circuits (ASICs) were another topic that Buterin brought up.
As tensions rise within the Ethereum community, Vitalik Buterin, co-founder of Ethereum and a supporter of the network’s transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus mechanism, has provided some justifications for the change. In particular, American entrepreneur Amanda Cassatt’s X post prompted his response.
According to Cassatt, many Ethereum users are privately complaining about the network’s move to PoS. After that, Cassatt recanted the idea that some Ethereum users wished the platform had maintained the PoW consensus mechanism.
Aiming at Decentralization
A user on X directly questioned whether or not the PoS transition would be beneficial to the Ethereum network, lending credence to the arguments in favor of the change. The transition, known as The Merge, occurred on Ethereum over a year ago.
Although few bring it up, Buterin chimed in to point out that the PoW algorithm is centralized. Because of this, it seems the PoS swap was aiming at decentralization of the network as well. Many entities were aware of the co-founder of Ethereum’s stance that PoW was simply a brief phase before PoS.
Core developers continue to argue that the network’s PoS transition will provide the blockchain with its most optimum speed gain, even if the Ethereum community may not like it.
Application-Specific Integrated Circuits (ASICs) were another topic that Buterin brought up, along with the negligence that seemed to accompany them. The Ethereum co-founder said this was because many were worried that there wouldn’t be enough of a financial incentive to build them due to the PoS.
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Decentralized Exchange ShibaSwap Moves to Shibarium, Offering New Innovations
Application-Specific Integrated Circuits (ASICs) were another topic that Buterin brought up.
As tensions rise within the Ethereum community, Vitalik Buterin, co-founder of Ethereum and a supporter of the network’s transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus mechanism, has provided some justifications for the change. In particular, American entrepreneur Amanda Cassatt’s X post prompted his response.
According to Cassatt, many Ethereum users are privately complaining about the network’s move to PoS. After that, Cassatt recanted the idea that some Ethereum users wished the platform had maintained the PoW consensus mechanism.
Aiming at Decentralization
A user on X directly questioned whether or not the PoS transition would be beneficial to the Ethereum network, lending credence to the arguments in favor of the change. The transition, known as The Merge, occurred on Ethereum over a year ago.
Although few bring it up, Buterin chimed in to point out that the PoW algorithm is centralized. Because of this, it seems the PoS swap was aiming at decentralization of the network as well. Many entities were aware of the co-founder of Ethereum’s stance that PoW was simply a brief phase before PoS.
Core developers continue to argue that the network’s PoS transition will provide the blockchain with its most optimum speed gain, even if the Ethereum community may not like it.
Application-Specific Integrated Circuits (ASICs) were another topic that Buterin brought up, along with the negligence that seemed to accompany them. The Ethereum co-founder said this was because many were worried that there wouldn’t be enough of a financial incentive to build them due to the PoS.
Highlighted Crypto News Today:
Decentralized Exchange ShibaSwap Moves to Shibarium, Offering New Innovations
BlockDAG Targets $30 By 2030 Following $20.7M Presale & Moon-Shot Keynote Amid Litecoin Growth & ...
BlockDAG has set an ambitious target of reaching $30 by 2030, following a remarkable $20.7 million raised in its presale, highlighting strong investor interest and optimism. This target is bolstered by BlockDAG’s innovative marketing move—a captivating keynote teaser from the moon, setting a new standard in crypto promotions and elevating the project’s visibility.
As part of the broader cryptocurrency arena, Litecoin is displaying signs of potential growth, while Ethereum continues to showcase remarkable market resilience. These developments come when the crypto industry seeks more sustainable growth and stability. BlockDAG’s strategic initiatives and groundbreaking marketing efforts are positioning it as a leader in the space, aiming to transform the market with significant returns and influential breakthroughs.
Rising Prospects for Litecoin
Litecoin has shown promising signs that suggest a potential upward trajectory, catching the attention of traders and investors alike who are keen on its recovery prospects. The cryptocurrency has recently surged by 15%, igniting discussions among market analysts about possibly breaking past the current resistance level of $122. Should Litecoin successfully overcome this threshold, it could set its sights on reaching, or even surpassing, a $150 valuation.
This optimistic outlook is further supported by actions from Litecoin miners, who have been notably increasing their holdings in the cryptocurrency. This accumulation by miners reduces selling pressure, potentially paving the way for a bullish stance in the market.
Ethereum Holds Steady Amid Market Speculations
Ethereum, on the other hand, continues to demonstrate remarkable stability amidst the volatile crypto market. Jupiter Zheng of Hashkey Capital comments on the impact of regulatory decisions on Ethereum, noting that while the denial of an Ethereum ETF has not significantly shaken the market, the approval of such an ETF, especially one that includes staking, could trigger a bullish response and a price increase. Currently, Ethereum’s future open interest stands at $12.89 billion, indicating that the market is cautiously optimistic, waiting for regulatory decisions that could influence Ethereum’s price dynamics significantly.
BlockDAG: Pioneering the Crypto Space with Innovative Moves
BlockDAG has captivated the market with its impressive presale and ambitious roadmap. The project is stirring excitement with a teaser of a keynote video from the moon, a novel initiative that is set to boost the project’s profile significantly. Positioned as a frontrunner in the crypto industry, BlockDAG’s presale distinguishes itself as a historical event, showing a new era of innovation and market influence.
BlockDAG has set a high bar with its target of raising $600 million by the end of 2024. With BDAG coins currently priced attractively in the presale phase and an anticipated listing price of $10 by 2025 and $30 by 2030, BlockDAG presents an enticing investment opportunity. The projected ROI could reach an astonishing 30,000x, spotlighting BlockDAG as the standout altcoin of 2024.
Offering More Than Just Investment Opportunities
In addition to direct investment, BlockDAG is enhancing its appeal by offering passive income opportunities through its X-series mining rigs. These rigs promise substantial daily earnings and hold significant resale value. Complementing this is a mobile mining app that allows users to earn BDAG coins effortlessly, alongside a cloud mining service that offers significant mining power without the high energy costs typically associated with such endeavours.
Furthermore, the BlockDAG team is elevating the project’s allure by unveiling a teaser for a keynote video from the moon. This innovative move is set to significantly broaden the project’s visibility and impact, marking the BlockDAG presale as a milestone event in the cryptocurrency arena. Key into BlockDAG and thank yourself you did.
Join BlockDAG Now!
Website
Presale
Telegram
Discord
As part of the broader cryptocurrency arena, Litecoin is displaying signs of potential growth, while Ethereum continues to showcase remarkable market resilience. These developments come when the crypto industry seeks more sustainable growth and stability. BlockDAG’s strategic initiatives and groundbreaking marketing efforts are positioning it as a leader in the space, aiming to transform the market with significant returns and influential breakthroughs.
Rising Prospects for Litecoin
Litecoin has shown promising signs that suggest a potential upward trajectory, catching the attention of traders and investors alike who are keen on its recovery prospects. The cryptocurrency has recently surged by 15%, igniting discussions among market analysts about possibly breaking past the current resistance level of $122. Should Litecoin successfully overcome this threshold, it could set its sights on reaching, or even surpassing, a $150 valuation.
This optimistic outlook is further supported by actions from Litecoin miners, who have been notably increasing their holdings in the cryptocurrency. This accumulation by miners reduces selling pressure, potentially paving the way for a bullish stance in the market.
Ethereum Holds Steady Amid Market Speculations
Ethereum, on the other hand, continues to demonstrate remarkable stability amidst the volatile crypto market. Jupiter Zheng of Hashkey Capital comments on the impact of regulatory decisions on Ethereum, noting that while the denial of an Ethereum ETF has not significantly shaken the market, the approval of such an ETF, especially one that includes staking, could trigger a bullish response and a price increase. Currently, Ethereum’s future open interest stands at $12.89 billion, indicating that the market is cautiously optimistic, waiting for regulatory decisions that could influence Ethereum’s price dynamics significantly.
BlockDAG: Pioneering the Crypto Space with Innovative Moves
BlockDAG has captivated the market with its impressive presale and ambitious roadmap. The project is stirring excitement with a teaser of a keynote video from the moon, a novel initiative that is set to boost the project’s profile significantly. Positioned as a frontrunner in the crypto industry, BlockDAG’s presale distinguishes itself as a historical event, showing a new era of innovation and market influence.
BlockDAG has set a high bar with its target of raising $600 million by the end of 2024. With BDAG coins currently priced attractively in the presale phase and an anticipated listing price of $10 by 2025 and $30 by 2030, BlockDAG presents an enticing investment opportunity. The projected ROI could reach an astonishing 30,000x, spotlighting BlockDAG as the standout altcoin of 2024.
Offering More Than Just Investment Opportunities
In addition to direct investment, BlockDAG is enhancing its appeal by offering passive income opportunities through its X-series mining rigs. These rigs promise substantial daily earnings and hold significant resale value. Complementing this is a mobile mining app that allows users to earn BDAG coins effortlessly, alongside a cloud mining service that offers significant mining power without the high energy costs typically associated with such endeavours.
Furthermore, the BlockDAG team is elevating the project’s allure by unveiling a teaser for a keynote video from the moon. This innovative move is set to significantly broaden the project’s visibility and impact, marking the BlockDAG presale as a milestone event in the cryptocurrency arena. Key into BlockDAG and thank yourself you did.
Join BlockDAG Now!
Website
Presale
Telegram
Discord
Decentralized Exchange ShibaSwap Moves to Shibarium, Offering New Innovations
SHIB, a global leader in the decentralized finance (DeFi) cryptocurrency space with millions of users, said today that it has moved its decentralized exchange, ShibaSwap, from Ethereum to the Shibarium blockchain. The change represents the fundamental improvement in ShibaSwap’s evolution into “ShibaSwap,” empowering creators, cultivating relationships, and propelling innovation on Shibarium.Powered by Shibarium, ShibaSwap will provide a range of new decentralized app (Dapp) utilities and decentralized exchange services, such as:
Bridging a range of new tokens that will make them native to ShibaSwap.
Improved liquidity pools and characteristics of decentralized finance (DeFi).
Novel farming contracts created especially to reward early adopters and enduring investors.
Additional discovery location for token launches.
Redefining the potential of community-driven experiences: token voting competitions with incentives.
Through the provision of rewards for purchases and exchanges, SHIB is fostering a strong trading volume, therefore cementing ShibaSwap’s position as the preferred platform for community token transactions in Shibarium. All user types will gain from this as it will create a vibrant and healthy marketplace.
Shiba Inu Lead Developer known as Shytoshi Kusama stated:
“The new ShibaSwap aligns with innovators seeking an outlet for their creative endeavors and Shibizens who value fostering a vibrant and inclusive community. It’s the beating heart of Shibarium, where community tokens flourish. Imagine a vibrant marketplace teeming with unique tokens representing your favorite projects, causes, and fellow ShibArmy members.”
Built on the community-first and environmentally friendly Proof of Participation (POP) consensus process, Shibarium focuses on enabling fast transactions with low gas fees and revolutionizing the blockchain user experience. On Shibarium, anybody may create affordable protocols that improve user experience overall while extending the ecosystem’s potential. The $SHIB and $LEASH tokens, SHIBOSHI NFTs, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game are among the other expanding sectors of the Shiba Inu Ecosystem that Shibarium also supports.
Bridging a range of new tokens that will make them native to ShibaSwap.
Improved liquidity pools and characteristics of decentralized finance (DeFi).
Novel farming contracts created especially to reward early adopters and enduring investors.
Additional discovery location for token launches.
Redefining the potential of community-driven experiences: token voting competitions with incentives.
Through the provision of rewards for purchases and exchanges, SHIB is fostering a strong trading volume, therefore cementing ShibaSwap’s position as the preferred platform for community token transactions in Shibarium. All user types will gain from this as it will create a vibrant and healthy marketplace.
Shiba Inu Lead Developer known as Shytoshi Kusama stated:
“The new ShibaSwap aligns with innovators seeking an outlet for their creative endeavors and Shibizens who value fostering a vibrant and inclusive community. It’s the beating heart of Shibarium, where community tokens flourish. Imagine a vibrant marketplace teeming with unique tokens representing your favorite projects, causes, and fellow ShibArmy members.”
Built on the community-first and environmentally friendly Proof of Participation (POP) consensus process, Shibarium focuses on enabling fast transactions with low gas fees and revolutionizing the blockchain user experience. On Shibarium, anybody may create affordable protocols that improve user experience overall while extending the ecosystem’s potential. The $SHIB and $LEASH tokens, SHIBOSHI NFTs, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game are among the other expanding sectors of the Shiba Inu Ecosystem that Shibarium also supports.
Fidelity’s Spot Bitcoin ETF Sees First Net Outflows Since Debut
Fund inflows were almost non-existent after the bitcoin halving as per analyst.
Grayscale Bitcoin Trust (GBTC) investors have been quite negative for a very long time.
Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF.
Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated that $139.37 million left Grayscale’s converted ETF, while $31.34 million left Ark Invest and 21Shares’ fund. A total of $20.16 million outflow was witnessed by Valkyrie’s fund, while $6 million was lost by Bitwise.
Fund Inflows Post Halving Almost Non-existent
The only fund that had daily net inflows, with $1.87 million being drawn in, was Franklin Templeton’s EZBC. As it did on Wednesday, the 71-day positive flow run for BlackRock’s IBIT fund came to an end on Thursday, as reported by crypto analyst HODL15Capital. But according to James Seyffart, an ETF analyst at Bloomberg, zero flows are the norm.
According to a research released on Friday by Hong Song-uk, an analyst at NH Investment and Securities, fund inflows were almost non-existent after the bitcoin halving. No subsequent events are scheduled to bring attention to Bitcoin anytime soon, Hong said.
Grayscale Bitcoin Trust (GBTC) investors have been quite negative for a very long time. According to Bloomberg’s Senior ETF Analyst Eric Balchunas, this 72-day stretch is the longest in the history of global ETF funds. The unexpected withdrawals have continued since January, when the US government authorized the launch of spot Bitcoin ETFs.
GBTC hasn’t been able to stop the funds from leaving. The trust’s high fees may be the root cause of its underwhelming performance when compared to its rivals.
Highlighted Crypto News Today:
Is the Polygon Ecosystem Distinctly Bullish or Bearish?
Grayscale Bitcoin Trust (GBTC) investors have been quite negative for a very long time.
Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF.
Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated that $139.37 million left Grayscale’s converted ETF, while $31.34 million left Ark Invest and 21Shares’ fund. A total of $20.16 million outflow was witnessed by Valkyrie’s fund, while $6 million was lost by Bitwise.
Fund Inflows Post Halving Almost Non-existent
The only fund that had daily net inflows, with $1.87 million being drawn in, was Franklin Templeton’s EZBC. As it did on Wednesday, the 71-day positive flow run for BlackRock’s IBIT fund came to an end on Thursday, as reported by crypto analyst HODL15Capital. But according to James Seyffart, an ETF analyst at Bloomberg, zero flows are the norm.
According to a research released on Friday by Hong Song-uk, an analyst at NH Investment and Securities, fund inflows were almost non-existent after the bitcoin halving. No subsequent events are scheduled to bring attention to Bitcoin anytime soon, Hong said.
Grayscale Bitcoin Trust (GBTC) investors have been quite negative for a very long time. According to Bloomberg’s Senior ETF Analyst Eric Balchunas, this 72-day stretch is the longest in the history of global ETF funds. The unexpected withdrawals have continued since January, when the US government authorized the launch of spot Bitcoin ETFs.
GBTC hasn’t been able to stop the funds from leaving. The trust’s high fees may be the root cause of its underwhelming performance when compared to its rivals.
Highlighted Crypto News Today:
Is the Polygon Ecosystem Distinctly Bullish or Bearish?
Furrever Token (FURR)’s Presale Success Story: Surging Past $1 Million As Solana Investors Rally ...
As the positive effects of Bitcoin’s halving appear to wane off, the broader cryptocurrency market experiences a period of retreat, with notable players like Solana (SOL) and Ethereum (ETH) witnessing a downturn. However, amidst this market correction, Furrever Token (FURR) emerges as a standout performer, successfully concluding seven presale stages and amassing over $1 million in funding. This juxtaposition underscores the resilience and potential of emerging projects within the crypto landscape, even as established cryptocurrencies navigate through temporary setbacks.
Solana (SOL) Dips 7% Amidst Broader Market Correction: Analysis and Outlook
Solana (SOL) experienced a notable correction, with its price declining by 7% to $146.18 since yesterday. Despite a promising start above $140 earlier in the week, SOL struggles to sustain momentum, encountering resistance levels around $160. Market sentiment reflects broader corrections, with Bitcoin and Ethereum facing similar downward pressures. Increased trading volume hints at heightened activity among traders, while SOL’s market cap dips over 6% to approximately $65.8 billion. Key support lies at $146, with resistance near $155 and $160. The 4-hour chart indicates a downtrend, with potential consolidation around current levels. Analysts eye immediate resistance at $175 and $200, with market sentiment cautious amidst profit-booking behaviors and external factors affecting SOL’s trajectory.
Ethereum (ETH) Faces Overnight Dip, Yet Bullish Trends Persist: Analysis and Outlook
Ethereum (ETH) experiences a significant overnight dip, with its price declining over 4% to $3,128.22 amidst broader market volatility. The recent crash halts the recovery rally, raising concerns of a potential drop to $3,000. However, amidst market fear, the history of Bitcoin Halving, triggering an altcoin season, hints at a potential bullish run. Despite a decline in market cap by 18% over recent weeks, Ethereum finds support at the 50% Fibonacci level at $2,850, prolonging consolidation between key Fibonacci levels. The current intraday Doji candle reflects indecision in the altcoin, with the potential for an uptrend restart if market conditions stabilize. While the MACD and signal lines show a bearish crossover in the weekly chart, a bounce back from the 50% Fib level could reignite positive momentum. A potential breakout entry opportunity may arise if Ethereum breaks the overhead resistance of $3,265, with a bullish trajectory challenging the $4,000 resistance, signaling a 25% rise. Conversely, while chances of a drop to $3,000 are minimal, concerns linger amidst ongoing market volatility.
Furrever Token (FURR) Surpasses $1 Million in Presale Funding Amidst Adorable Crypto Craze
Furrever Token (FURR) continues to build momentum as it progresses through its presale stages, having raised over $1 million in funding within just two months. With a unique focus on infusing the crypto space with cuteness, FURR stands out by offering users a delightful experience centered around adorable cat imagery. The project aims to create a whimsical and heartwarming crypto ecosystem, fostering a sense of community and shared joy among its users.
Key features of FURR include the integration of cute cat-themed stickers and visuals, regular challenges to engage the community, and future surprises featuring exclusive cat content. The tokenomics of FURR are designed to ensure fair distribution, with 65% of tokens available during the presale, 25% allocated for DEXs, and 10% reserved for the team with a one-year lockup period.
One of the standout aspects of FURR is its commitment to security and compliance, with plans for audits and safety measures to ensure a secure and enjoyable experience for all users. Additionally, the active presence of admins and moderators on platforms like Telegram, along with a growing organic community, adds to the project’s appeal.
As of [current date], the current price of FURR stands at $0.000648. Interested investors can learn more about FURR and participate in its presale by visiting the official website at furrevertoken.com. For any inquiries or support, individuals can reach out via email at support@furrevertoken.com. FURR’s success in amassing significant funding during its presale stages reflects growing investor interest and confidence in its unique vision and community-driven approach.
Discover the Most Exclusive Presale Opportunity of 2024 Now:
Furrever Token Official Website
Visit Furrever Token Presale
Join Official Telegram Group
Follow Official X Account
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.
Solana (SOL) Dips 7% Amidst Broader Market Correction: Analysis and Outlook
Solana (SOL) experienced a notable correction, with its price declining by 7% to $146.18 since yesterday. Despite a promising start above $140 earlier in the week, SOL struggles to sustain momentum, encountering resistance levels around $160. Market sentiment reflects broader corrections, with Bitcoin and Ethereum facing similar downward pressures. Increased trading volume hints at heightened activity among traders, while SOL’s market cap dips over 6% to approximately $65.8 billion. Key support lies at $146, with resistance near $155 and $160. The 4-hour chart indicates a downtrend, with potential consolidation around current levels. Analysts eye immediate resistance at $175 and $200, with market sentiment cautious amidst profit-booking behaviors and external factors affecting SOL’s trajectory.
Ethereum (ETH) Faces Overnight Dip, Yet Bullish Trends Persist: Analysis and Outlook
Ethereum (ETH) experiences a significant overnight dip, with its price declining over 4% to $3,128.22 amidst broader market volatility. The recent crash halts the recovery rally, raising concerns of a potential drop to $3,000. However, amidst market fear, the history of Bitcoin Halving, triggering an altcoin season, hints at a potential bullish run. Despite a decline in market cap by 18% over recent weeks, Ethereum finds support at the 50% Fibonacci level at $2,850, prolonging consolidation between key Fibonacci levels. The current intraday Doji candle reflects indecision in the altcoin, with the potential for an uptrend restart if market conditions stabilize. While the MACD and signal lines show a bearish crossover in the weekly chart, a bounce back from the 50% Fib level could reignite positive momentum. A potential breakout entry opportunity may arise if Ethereum breaks the overhead resistance of $3,265, with a bullish trajectory challenging the $4,000 resistance, signaling a 25% rise. Conversely, while chances of a drop to $3,000 are minimal, concerns linger amidst ongoing market volatility.
Furrever Token (FURR) Surpasses $1 Million in Presale Funding Amidst Adorable Crypto Craze
Furrever Token (FURR) continues to build momentum as it progresses through its presale stages, having raised over $1 million in funding within just two months. With a unique focus on infusing the crypto space with cuteness, FURR stands out by offering users a delightful experience centered around adorable cat imagery. The project aims to create a whimsical and heartwarming crypto ecosystem, fostering a sense of community and shared joy among its users.
Key features of FURR include the integration of cute cat-themed stickers and visuals, regular challenges to engage the community, and future surprises featuring exclusive cat content. The tokenomics of FURR are designed to ensure fair distribution, with 65% of tokens available during the presale, 25% allocated for DEXs, and 10% reserved for the team with a one-year lockup period.
One of the standout aspects of FURR is its commitment to security and compliance, with plans for audits and safety measures to ensure a secure and enjoyable experience for all users. Additionally, the active presence of admins and moderators on platforms like Telegram, along with a growing organic community, adds to the project’s appeal.
As of [current date], the current price of FURR stands at $0.000648. Interested investors can learn more about FURR and participate in its presale by visiting the official website at furrevertoken.com. For any inquiries or support, individuals can reach out via email at support@furrevertoken.com. FURR’s success in amassing significant funding during its presale stages reflects growing investor interest and confidence in its unique vision and community-driven approach.
Discover the Most Exclusive Presale Opportunity of 2024 Now:
Furrever Token Official Website
Visit Furrever Token Presale
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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.
Is the Polygon Ecosystem Distinctly Bullish or Bearish?
Monthly active users (MAU) on Polygon have surged to their highest point — 8.8 million.
Investment giant Franklin Templeton initiates the transfers of its tokenized shares BENJI on the Polygon blockchain.
The Polygon ecosystem has achieved an all-time high (ATH) of 8.8 million in monthly active users (MAU) amid two significant announcements related to Franklin Templeton’s tokenized shares and Stripe’s stablecoin-led crypto payments.
Source: Artemis
Over the past 3 months, active addresses across a few sub-sectors within the Polygon ecosystem displayed bullish rallies. Firstly, the active addresses across the gaming protocols surged by 3,663%. Secondly, the centralized finance (CeFi) protocols recorded a 1,473% surge. The other kinds of protocols’ records were as follows: stablecoin by 36.49%, decentralized finance (DeFi) by 21.52% and SocialFi by 37.97%.
MATIC’s Market Dynamics Looks Bearish
When we look at the 30-day timeframe, Polygon’s native token MATIC appears bearish. The altcoin’s price declined by over 32% — from $1.06 to $0.71. As per the chart given below, the 50-day exponential moving average (50EMA) hovers above the price action, indicating a downtrend.
MATIC/USDT Price Chart (Source: TradingView )
Meanwhile, MATIC’s relative strength index (RSI) is closer to the oversold territory. On the other hand, the weekly timeframe projects an uptick of 4.5% in the token’s price. According to CoinMarketCap data, at the time of analysis, Polygon (MATIC) trades at $0.7128 with a market cap of $7.05 billion and a daily trading volume of $270 million.
Investment giant Franklin Templeton initiates the transfers of its tokenized shares BENJI on the Polygon blockchain.
The Polygon ecosystem has achieved an all-time high (ATH) of 8.8 million in monthly active users (MAU) amid two significant announcements related to Franklin Templeton’s tokenized shares and Stripe’s stablecoin-led crypto payments.
Source: Artemis
Over the past 3 months, active addresses across a few sub-sectors within the Polygon ecosystem displayed bullish rallies. Firstly, the active addresses across the gaming protocols surged by 3,663%. Secondly, the centralized finance (CeFi) protocols recorded a 1,473% surge. The other kinds of protocols’ records were as follows: stablecoin by 36.49%, decentralized finance (DeFi) by 21.52% and SocialFi by 37.97%.
MATIC’s Market Dynamics Looks Bearish
When we look at the 30-day timeframe, Polygon’s native token MATIC appears bearish. The altcoin’s price declined by over 32% — from $1.06 to $0.71. As per the chart given below, the 50-day exponential moving average (50EMA) hovers above the price action, indicating a downtrend.
MATIC/USDT Price Chart (Source: TradingView )
Meanwhile, MATIC’s relative strength index (RSI) is closer to the oversold territory. On the other hand, the weekly timeframe projects an uptick of 4.5% in the token’s price. According to CoinMarketCap data, at the time of analysis, Polygon (MATIC) trades at $0.7128 with a market cap of $7.05 billion and a daily trading volume of $270 million.
HIPPOSOL Ignites Solana Memecoin Ecosystem With the Launch of $HIPPOS Presale
The cryptocurrency landscape is buzzing with the arrival of HIPPOSOL, A new meme-coin sensation on the Solana blockchain, designed to infuse the digital currency world with humor and innovation. With the launch of its $HIPPOS Token Presale to early investors, HIPPOSOL is poised to carve a niche in the burgeoning memecoin community.
HIPPOSOL: A Gem-Play on Solana
Missed out on previous Solana memecoins? HIPPOSOL offers a new window to invest in a Solana-based meme coin poised to be the next big meme-play in the crypto community.
Analysts have highlighted HIPPOSOL’s potential to become a leading meme gem in the near future, urging investors to Seize this chance to buy into the $HIPPOS token at a presale discount, setting the stage for substantial future growth.
HIPPOSOL: Leading the Evolution of Solana Memecoins
With its vibrant approach and strategic initiatives, HIPPOSOL is not merely participating in the market—it’s aiming to lead it. Following in the footsteps of successful predecessors like BOME, SLERF, and BONK, HIPPOSOL brings a robust model that promises to transform the memecoin landscape:
Public Allocation: 600 million $HIPPOS tokens, which represent 60% of the total supply, have been allocated to the public presale, ensuring substantial community involvement from the outset.
Lucrative Presale Round: Early adopters enjoy an attractive entry price of 1 SOL for 150,000 $HIPPOS. Upon listing on DEX (Jupiter) the token will be available at 1 SOL for 105,000 $HIPPOS, highlighting the opportunity for significant early gains.
How to Participate in the $HIPPOS Presale:
Prepare Your Digital Wallet: Ensure you have a Solana-compatible wallet like Phantom or Solflare ready.
Acquire $SOL: Purchase Solana’s native currency (SOL) from top exchanges such as Binance, Coinbase, or Kraken.
Join the Presale: Visit the $HIPPOS Token Sale Portal at, https://hipposol.xyz/presale, follow the straightforward steps to transfer your $SOL, and secure your position as an early investor.
Receive Your Tokens: Tokens will be airdropped to your wallet within 24 hours post-presale, welcoming you to HIPPOSOL’s foundational community.
BUY $HIPPOS on PRESALE
In Conclusion: The Future of HIPPOSOL
The $HIPPOS Presale Round is just the beginning. Looking ahead, HIPPOSOL plans to roll out a suite of innovative features that will extend beyond mere token trading. Planned utilities include governance mechanisms, exclusive digital content access, and interactive community engagements—all designed to deepen the token’s utility and ensure lasting engagement within the Solana ecosystem.
Join the HIPPOSOL Memecoin Revolution
$HIPPOS presale is more than an investment opportunity; it’s your chance to be at the forefront of the next big meme-play in the brimming crypto bull market. By joining the Hipposol community, you are not just buying into a token; you are supporting a movement set to redefine what a memecoin can be.
Stay Connected with HIPPOSOL on socials;
Website
$HIPPOS Sale Portal
X
Telegram
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.
HIPPOSOL: A Gem-Play on Solana
Missed out on previous Solana memecoins? HIPPOSOL offers a new window to invest in a Solana-based meme coin poised to be the next big meme-play in the crypto community.
Analysts have highlighted HIPPOSOL’s potential to become a leading meme gem in the near future, urging investors to Seize this chance to buy into the $HIPPOS token at a presale discount, setting the stage for substantial future growth.
HIPPOSOL: Leading the Evolution of Solana Memecoins
With its vibrant approach and strategic initiatives, HIPPOSOL is not merely participating in the market—it’s aiming to lead it. Following in the footsteps of successful predecessors like BOME, SLERF, and BONK, HIPPOSOL brings a robust model that promises to transform the memecoin landscape:
Public Allocation: 600 million $HIPPOS tokens, which represent 60% of the total supply, have been allocated to the public presale, ensuring substantial community involvement from the outset.
Lucrative Presale Round: Early adopters enjoy an attractive entry price of 1 SOL for 150,000 $HIPPOS. Upon listing on DEX (Jupiter) the token will be available at 1 SOL for 105,000 $HIPPOS, highlighting the opportunity for significant early gains.
How to Participate in the $HIPPOS Presale:
Prepare Your Digital Wallet: Ensure you have a Solana-compatible wallet like Phantom or Solflare ready.
Acquire $SOL: Purchase Solana’s native currency (SOL) from top exchanges such as Binance, Coinbase, or Kraken.
Join the Presale: Visit the $HIPPOS Token Sale Portal at, https://hipposol.xyz/presale, follow the straightforward steps to transfer your $SOL, and secure your position as an early investor.
Receive Your Tokens: Tokens will be airdropped to your wallet within 24 hours post-presale, welcoming you to HIPPOSOL’s foundational community.
BUY $HIPPOS on PRESALE
In Conclusion: The Future of HIPPOSOL
The $HIPPOS Presale Round is just the beginning. Looking ahead, HIPPOSOL plans to roll out a suite of innovative features that will extend beyond mere token trading. Planned utilities include governance mechanisms, exclusive digital content access, and interactive community engagements—all designed to deepen the token’s utility and ensure lasting engagement within the Solana ecosystem.
Join the HIPPOSOL Memecoin Revolution
$HIPPOS presale is more than an investment opportunity; it’s your chance to be at the forefront of the next big meme-play in the brimming crypto bull market. By joining the Hipposol community, you are not just buying into a token; you are supporting a movement set to redefine what a memecoin can be.
Stay Connected with HIPPOSOL on socials;
Website
$HIPPOS Sale Portal
X
Telegram
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.
BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960, MH 96960, April 26th, 2024, Chainwire
A Glittering Moment: BloFin Shines at TOKEN2049
BloFin, a fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive SideEvent: WhalesNight AfterParty 2024. Following our previous role as the Gold Sponsor at TOKEN2049 Singapore, the BloFin team, now the Platinum Sponsor of TOKEN2049, continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry.
BloFin successfully sponsored TOKEN2049 Dubai, which witnessed an extraordinary gathering of industry leaders, enthusiasts, KOLs, and innovators. Blofin’s participation in this prestigious event not only reaffirmed its commitment to fostering innovation within the blockchain ecosystem but also demonstrated its dedication to driving industry development forward.
An Unforgettable Night: WhalesNight AfterParty 2024
As part of the conference, BloFin hosted the highly anticipated WhalesNight AfterParty 2024, promising an unforgettable evening of networking and celebration.
Gratitude in Spotlight: Heartfelt Thanks to Valued Partners and Media
BloFin extends its gratitude to its esteemed media partners, including U.Today, BeInCrypto, CoinTelegraph MENA, Crypto.news and Chainwire, whose support has been instrumental in promoting this event. Additionally, BloFin appreciates the steadfast support and participation of its significant partners, KOLs, and attendees.
The Dubai Whales Night offers the BloFin team a valuable opportunity to meet with users and friends.
Matt, CEO of BloFin, shared his insights and expressed his excitement at the WhalesNight AfterParty. He stated “We understand the importance of trust. We will continue to provide our users with safe, reliable, and fast services.”
As we continue to expand our reach and enhance our offerings, Blofin remains steadfast in its mission to empower individuals and institutions to unlock the full potential of blockchain technology.
About BloFin:
As the fastest-growing crypto exchange, BloFin offers premium perps & futures trading services with over 320 USDT-M trading pairs and 100X trading volume. Now, it provides more high-quality products including spot trading, copy trading, earning, API access, and more. Ensuring utmost user fund security, BloFin has partnered with Fireblocks to safeguard users’ assets.
Contact
Head of Marketing and Public RelationsAnnio WuBloFinannio@blofin.io
A Glittering Moment: BloFin Shines at TOKEN2049
BloFin, a fastest-growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai and its exclusive SideEvent: WhalesNight AfterParty 2024. Following our previous role as the Gold Sponsor at TOKEN2049 Singapore, the BloFin team, now the Platinum Sponsor of TOKEN2049, continues to shine on this stage with its enthusiasm and original dedication to contributing to the cryptocurrency industry.
BloFin successfully sponsored TOKEN2049 Dubai, which witnessed an extraordinary gathering of industry leaders, enthusiasts, KOLs, and innovators. Blofin’s participation in this prestigious event not only reaffirmed its commitment to fostering innovation within the blockchain ecosystem but also demonstrated its dedication to driving industry development forward.
An Unforgettable Night: WhalesNight AfterParty 2024
As part of the conference, BloFin hosted the highly anticipated WhalesNight AfterParty 2024, promising an unforgettable evening of networking and celebration.
Gratitude in Spotlight: Heartfelt Thanks to Valued Partners and Media
BloFin extends its gratitude to its esteemed media partners, including U.Today, BeInCrypto, CoinTelegraph MENA, Crypto.news and Chainwire, whose support has been instrumental in promoting this event. Additionally, BloFin appreciates the steadfast support and participation of its significant partners, KOLs, and attendees.
The Dubai Whales Night offers the BloFin team a valuable opportunity to meet with users and friends.
Matt, CEO of BloFin, shared his insights and expressed his excitement at the WhalesNight AfterParty. He stated “We understand the importance of trust. We will continue to provide our users with safe, reliable, and fast services.”
As we continue to expand our reach and enhance our offerings, Blofin remains steadfast in its mission to empower individuals and institutions to unlock the full potential of blockchain technology.
About BloFin:
As the fastest-growing crypto exchange, BloFin offers premium perps & futures trading services with over 320 USDT-M trading pairs and 100X trading volume. Now, it provides more high-quality products including spot trading, copy trading, earning, API access, and more. Ensuring utmost user fund security, BloFin has partnered with Fireblocks to safeguard users’ assets.
Contact
Head of Marketing and Public RelationsAnnio WuBloFinannio@blofin.io
Bitcoin and Ethereum Options Set to Expire: Traders on High Alert
Bitcoin and Ethereum options expiry impending amidst market uncertainty.
BlackRock’s Bitcoin ETF records zero inflows for consecutive days.
As the expiration date approaches for significant Bitcoin (BTC) and Ethereum (ETH) options contracts, the cryptocurrency market braces for potential volatility. With 96,000 BTC options and 990,000 ETH options set to expire, valued at $6.2 billion and $3.1 billion respectively, traders are closely monitoring market dynamics.
The Put Call Ratio stands at 0.68 for BTC and 0.51 for ETH, indicating prevailing sentiment towards these assets. Furthermore, the Maxpain point for BTC sits at $61,000, while for ETH it’s at $3,100, reflecting the price levels where the least amount of options contracts would expire worthless.
Despite recent fluctuations, Bitcoin is currently trading at $64,126.48, marking a modest 0.47% increase. However, trading volume has declined by 9%, signaling decreased market activity. Notably, BlackRock’s spot Bitcoin ETF has experienced two consecutive days of zero inflows, with total outflows reaching $338.2 million.
Bitcoin Price Chart, Source: TradingView
Market analysts remain divided on the impact of upcoming events, such as the Hong Kong ETF debut and potential institutional demand. While some anticipate increased interest, others like pseudonymous analyst Kamikaze Fiat underscore the substantial inflows required to drive significant price movements.
With Q2 ETF inflows at $170 million as of April 24th, the market awaits further developments amidst ongoing uncertainty and shifting investor sentiment
BlackRock’s Bitcoin ETF records zero inflows for consecutive days.
As the expiration date approaches for significant Bitcoin (BTC) and Ethereum (ETH) options contracts, the cryptocurrency market braces for potential volatility. With 96,000 BTC options and 990,000 ETH options set to expire, valued at $6.2 billion and $3.1 billion respectively, traders are closely monitoring market dynamics.
The Put Call Ratio stands at 0.68 for BTC and 0.51 for ETH, indicating prevailing sentiment towards these assets. Furthermore, the Maxpain point for BTC sits at $61,000, while for ETH it’s at $3,100, reflecting the price levels where the least amount of options contracts would expire worthless.
Despite recent fluctuations, Bitcoin is currently trading at $64,126.48, marking a modest 0.47% increase. However, trading volume has declined by 9%, signaling decreased market activity. Notably, BlackRock’s spot Bitcoin ETF has experienced two consecutive days of zero inflows, with total outflows reaching $338.2 million.
Bitcoin Price Chart, Source: TradingView
Market analysts remain divided on the impact of upcoming events, such as the Hong Kong ETF debut and potential institutional demand. While some anticipate increased interest, others like pseudonymous analyst Kamikaze Fiat underscore the substantial inflows required to drive significant price movements.
With Q2 ETF inflows at $170 million as of April 24th, the market awaits further developments amidst ongoing uncertainty and shifting investor sentiment
While Everyone Sent Millions to Failed Pre Sale Launches, HOOT.COOL Succeeded
The last few months and indeed the bull run has made a lot of people millionaires.
With the bitcoin halving completed, we can see that bitcoin by all indications is heading to the 75 to 80,000 mark, and other crypto tokens will follow.
Solana just launched a brand new owl themed meme coin named HOOT.COOL
If you missed out on the recent successful Solana Meme Coin Pre sale and Launch,this is your chance to do 1.5X in 12 days with Hoot Meme Coin, as they list on Raydium in 12 days.
PRE SALE IS LIVE!!! HOOT.COOL OWL THEMED SOLANA MEMECOIN
1.5X Listing on Radium Guaranteed. 2.5X listing on exchanges in 18 days
Follow Below Link to BUY $HOOT
PRE SALE PAGE: https://www.hoot.cool/pre-sale.html
There is no denying that Owls are very mystical and magical creatures, and such is the magic that it is bringing to the Solana Meme Coin community. The message and mission of HOOT herald the belief of the Japanese, the ancient Greeks, the United States, and Guatemalans that the owl is a herald of wisdom, wealth, and prosperity.
Visit the website or join a community to learn more about HOOT.COOL
WEBSITE
TELEGRAM COMMUNITY
At Hoot we also believe that all human souls bear prosperity, and that is the theme of our community interaction. Jolly good positivity and encouragement to every member of the community that though life is full of uncertainties, we all have each other to hold onto for strength and encouragement.
Such is the spirit we are bringing to the meme community Solana, and to spread cheer and prosperity, as highlighted in our planned social network. You can visit https://hoot.cool For more details and information.
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.
With the bitcoin halving completed, we can see that bitcoin by all indications is heading to the 75 to 80,000 mark, and other crypto tokens will follow.
Solana just launched a brand new owl themed meme coin named HOOT.COOL
If you missed out on the recent successful Solana Meme Coin Pre sale and Launch,this is your chance to do 1.5X in 12 days with Hoot Meme Coin, as they list on Raydium in 12 days.
PRE SALE IS LIVE!!! HOOT.COOL OWL THEMED SOLANA MEMECOIN
1.5X Listing on Radium Guaranteed. 2.5X listing on exchanges in 18 days
Follow Below Link to BUY $HOOT
PRE SALE PAGE: https://www.hoot.cool/pre-sale.html
There is no denying that Owls are very mystical and magical creatures, and such is the magic that it is bringing to the Solana Meme Coin community. The message and mission of HOOT herald the belief of the Japanese, the ancient Greeks, the United States, and Guatemalans that the owl is a herald of wisdom, wealth, and prosperity.
Visit the website or join a community to learn more about HOOT.COOL
WEBSITE
TELEGRAM COMMUNITY
At Hoot we also believe that all human souls bear prosperity, and that is the theme of our community interaction. Jolly good positivity and encouragement to every member of the community that though life is full of uncertainties, we all have each other to hold onto for strength and encouragement.
Such is the spirit we are bringing to the meme community Solana, and to spread cheer and prosperity, as highlighted in our planned social network. You can visit https://hoot.cool For more details and information.
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.
The Trending Surge: BEFE Coin’s Astonishing Journey to Meme Coin Prominence
BEFE’s rise as the leading meme coin is something that can only be described with wonder. Within a very short period, the popularity of the token has steeped, attracting both active crypto communities and budding investors. What exactly are BEFE’s reasons for fame? Let’s delve deep and find out.
The Unnamed King – BEFE’s Emergence
BEFE Coin is one of the major players that is very noticeable within the meme coin arena; its popularity and market activity are rising. Unlike many other cryptocurrencies, BEFE was launched as a fair launch project with no presale. This makes its beginning available to a large number of potential users. BEFE operates with zero tax, meaning transactions will be smooth and alluring. A very good choice for any investor who needs to stay far away from the complexity of the fee structure.
BEFE Coin, in the last 24 hours, presented a trading volume of $284,406, signifying a very active community even under the slightest downfall of the market. The fully diluted valuation at the moment stays at $15,925,820, which shows that there might be a level of confidence towards long-term investors. Since its inception, BEFE has reached its all-time high of $0.001128 and, though now traded at $0.00015967, it still represents a great rebound of 24.36% from its all-time low, showing resilience and steady recovery in investor interest.
The coin provides liquidity to trade on various platforms, including most decentralized exchanges such as Pancakeswap and Uniswap. An easy transaction process, coupled with a very strong community and crystal-clear utility, positions BEFE as one of the strongest contenders in the meme coin section. As such, BEFE is ready to captivate both seasoned traders and new entrants to the cryptocurrency market.
This is Why BEFE Topples DOGE and PEPE
BEFE Coin differs from many meme coins in the way it is launched and run. Whereas many of its predecessors—DOGE and PEPE—saw giant pre-launch hype and sometimes complex financial structuring, BEFE started with a 100% fair launch. This would mean there could never be a presale favoring early private investors; it would hence be more democratic and potentially carry less risk from large early sell-offs that could destabilize the value of the coin.
BEFE operates without imposing any tax on transactions. This is rare in the meme coin space, as most times, transaction fees usually serve as another deterrent for new investors due to their complexity and added cost. This approach makes the trading process not only simplified but very attractive in that it ensures that traders are able to retain most of their profits from their trading transactions.
Finale: BEFE the Unsung Hero?
Simply put, with the strategic launch of BEFE and a user-friendly tax policy, BEFE will be an open and more just option in the meme coin community. All of this, combined with its inviting meme culture, could very well place it in a position that not only sees it outshine the rest but also draws an even wider target audience.
The Unnamed King – BEFE’s Emergence
BEFE Coin is one of the major players that is very noticeable within the meme coin arena; its popularity and market activity are rising. Unlike many other cryptocurrencies, BEFE was launched as a fair launch project with no presale. This makes its beginning available to a large number of potential users. BEFE operates with zero tax, meaning transactions will be smooth and alluring. A very good choice for any investor who needs to stay far away from the complexity of the fee structure.
BEFE Coin, in the last 24 hours, presented a trading volume of $284,406, signifying a very active community even under the slightest downfall of the market. The fully diluted valuation at the moment stays at $15,925,820, which shows that there might be a level of confidence towards long-term investors. Since its inception, BEFE has reached its all-time high of $0.001128 and, though now traded at $0.00015967, it still represents a great rebound of 24.36% from its all-time low, showing resilience and steady recovery in investor interest.
The coin provides liquidity to trade on various platforms, including most decentralized exchanges such as Pancakeswap and Uniswap. An easy transaction process, coupled with a very strong community and crystal-clear utility, positions BEFE as one of the strongest contenders in the meme coin section. As such, BEFE is ready to captivate both seasoned traders and new entrants to the cryptocurrency market.
This is Why BEFE Topples DOGE and PEPE
BEFE Coin differs from many meme coins in the way it is launched and run. Whereas many of its predecessors—DOGE and PEPE—saw giant pre-launch hype and sometimes complex financial structuring, BEFE started with a 100% fair launch. This would mean there could never be a presale favoring early private investors; it would hence be more democratic and potentially carry less risk from large early sell-offs that could destabilize the value of the coin.
BEFE operates without imposing any tax on transactions. This is rare in the meme coin space, as most times, transaction fees usually serve as another deterrent for new investors due to their complexity and added cost. This approach makes the trading process not only simplified but very attractive in that it ensures that traders are able to retain most of their profits from their trading transactions.
Finale: BEFE the Unsung Hero?
Simply put, with the strategic launch of BEFE and a user-friendly tax policy, BEFE will be an open and more just option in the meme coin community. All of this, combined with its inviting meme culture, could very well place it in a position that not only sees it outshine the rest but also draws an even wider target audience.
Bharat Web3 Association Proposes Measures for Web3 Integration in India
More than 80% of the G20 nations and financial centers are now offering regulatory clarity.
BWA also pushed for VASPs to have access to financial services and escrow accounts.
In order to accommodate the needs of the Web3 and cryptocurrency communities, the Bharat Web3 Association (BWA), the highest organization representing Web3 businesses in India, has proposed a number of measures and policies for the next government to consider. At a time when rules are tightening up all around the world to ensure that Web3 space remains fair and balanced in the commercial world, these proposals are timely.
The primary demand of BWA was that the newly formed government recognize and incorporate the Web3 industry into startup projects funded by relevant agencies such as the Principal Scientific Advisor (PSA) office, Ministry of Electronics and Information Technology (MeitY), and Department for Promotion of Industry and Internal Trade (DPIIT), among others.
Streamlined Operating Structures
More than 80% of the G20 nations and financial centers are now offering regulatory clarity on cryptocurrency assets. India, like the rest of the world, needs a transparent, internationally coordinated regulatory framework on digital assets to reduce risks and boost innovation.
In order to promote more streamlined operating structures, BWA also pushed for VASPs to have access to financial services and escrow accounts.
With more than a thousand Web3 companies, India is home to one of the biggest ecosystems in the world, according to BWA. From 2018 to 2023, its share of Web 3 developers increased from 3% to 12%. To make the most of this huge opportunity, the government should institute programs to teach people how to use blockchain and web3 more effectively.
Startups in the blockchain and cryptocurrency industries might benefit from regulatory sandboxes, which India can set up to foster innovation.
Highlighted Crypto News Today:
Trending Upward: Bitgert Coin’s Remarkable Ascent to Prominence
BWA also pushed for VASPs to have access to financial services and escrow accounts.
In order to accommodate the needs of the Web3 and cryptocurrency communities, the Bharat Web3 Association (BWA), the highest organization representing Web3 businesses in India, has proposed a number of measures and policies for the next government to consider. At a time when rules are tightening up all around the world to ensure that Web3 space remains fair and balanced in the commercial world, these proposals are timely.
The primary demand of BWA was that the newly formed government recognize and incorporate the Web3 industry into startup projects funded by relevant agencies such as the Principal Scientific Advisor (PSA) office, Ministry of Electronics and Information Technology (MeitY), and Department for Promotion of Industry and Internal Trade (DPIIT), among others.
Streamlined Operating Structures
More than 80% of the G20 nations and financial centers are now offering regulatory clarity on cryptocurrency assets. India, like the rest of the world, needs a transparent, internationally coordinated regulatory framework on digital assets to reduce risks and boost innovation.
In order to promote more streamlined operating structures, BWA also pushed for VASPs to have access to financial services and escrow accounts.
With more than a thousand Web3 companies, India is home to one of the biggest ecosystems in the world, according to BWA. From 2018 to 2023, its share of Web 3 developers increased from 3% to 12%. To make the most of this huge opportunity, the government should institute programs to teach people how to use blockchain and web3 more effectively.
Startups in the blockchain and cryptocurrency industries might benefit from regulatory sandboxes, which India can set up to foster innovation.
Highlighted Crypto News Today:
Trending Upward: Bitgert Coin’s Remarkable Ascent to Prominence
Breaking Records: Bitgert Coin’s Unstoppable Trending Trajectory
In the crypto currency world, where there is so much competition all over, Bitgert Coin emerged as a crypto currency with amazing and alluring features that pushed it to an extraordinary height which many cryptocurrencies find difficult to attain. This massive surge has caught the attention of various potential investors and experts, making them excited and confident in contributing to its standard and growth.
Bitgert coin exchange has seen a massive expansion in recent weeks and this is due to the upward surge of the price of its coin. Bitgert Coin made its emergence into the crypto space with a target to proffer solutions that other cryptocurrencies find difficult to solve. Having proffered solutions to those challenges, investors now see it as the coin for the future and are now invested in it.
However, Bitgert’s coin innovative blockchain has played a major role in seeing that this expansion in its exchange comes in quickly. It has made Bitgert’s coin widely known to many traders and experts who have now seen its future benefits and invested for the future.
BITGERT Coin Breaking Records And Standing up to Exhibit
Bitgert Coin has made itself of high esteem in the crypto space with its low trading fee and secured ecosystem for transactions. Bitgert’s coin has made its stand its priority and this has seen its surprising surge in a very short time in the crypto space.
Bitgerg coin has seen that it is segregated from other crypto currency, with its way of making its coin scares. This has resulted in the uniqueness of its coin
BITGERT Coin Tenacious Quick Progress
Bitgert Coin’s massive surge in the cryptocurrency space has seen it gain attraction from investors and this has seen its demand increase even more. Its creative highlights and strong community backing are competent for its gigantic improvement in a crypto world.
Bitgert Coin reliably breaks its past all-time highs, mirroring the developing certainty and interest in the venture. Each new achievement fills in as a demonstration of the flexibility and capability of Bitgert Coin in the competitive crypto market.
What’s in store seems more splendid than what investors have witnessed so far from Bitgert Coin and its energetic features. With innovative designs for development and advancement not too far off, Bitgert Coin makes it clear that it’s not stopping its movement anytime soon, solidifying its status as a genuine pioneer in the realm of cryptocurrency.
Conclusion
Bitgert Coin is unstoppable as we see due to its features and innovations. It will see many more uptrend in the coming weeks as it is not stopping its innovations to proffer more amazing features.
DYOR by checking out their website.
Bitgert coin exchange has seen a massive expansion in recent weeks and this is due to the upward surge of the price of its coin. Bitgert Coin made its emergence into the crypto space with a target to proffer solutions that other cryptocurrencies find difficult to solve. Having proffered solutions to those challenges, investors now see it as the coin for the future and are now invested in it.
However, Bitgert’s coin innovative blockchain has played a major role in seeing that this expansion in its exchange comes in quickly. It has made Bitgert’s coin widely known to many traders and experts who have now seen its future benefits and invested for the future.
BITGERT Coin Breaking Records And Standing up to Exhibit
Bitgert Coin has made itself of high esteem in the crypto space with its low trading fee and secured ecosystem for transactions. Bitgert’s coin has made its stand its priority and this has seen its surprising surge in a very short time in the crypto space.
Bitgerg coin has seen that it is segregated from other crypto currency, with its way of making its coin scares. This has resulted in the uniqueness of its coin
BITGERT Coin Tenacious Quick Progress
Bitgert Coin’s massive surge in the cryptocurrency space has seen it gain attraction from investors and this has seen its demand increase even more. Its creative highlights and strong community backing are competent for its gigantic improvement in a crypto world.
Bitgert Coin reliably breaks its past all-time highs, mirroring the developing certainty and interest in the venture. Each new achievement fills in as a demonstration of the flexibility and capability of Bitgert Coin in the competitive crypto market.
What’s in store seems more splendid than what investors have witnessed so far from Bitgert Coin and its energetic features. With innovative designs for development and advancement not too far off, Bitgert Coin makes it clear that it’s not stopping its movement anytime soon, solidifying its status as a genuine pioneer in the realm of cryptocurrency.
Conclusion
Bitgert Coin is unstoppable as we see due to its features and innovations. It will see many more uptrend in the coming weeks as it is not stopping its innovations to proffer more amazing features.
DYOR by checking out their website.
The Trending Force: BEFE Coin’s Unstoppable Journey to Meme Coin Prominence
What are the chances that your $100 investment will turn into a thousand dollars in a few months? Well, in regular cases, the possibility is quite low, but there is a cryptocurrency that may turn this small investment into not just thousands, but millions too. The BEFE coin is at the top of the rankings when it comes to making profits for investors. In the last few months, the price of BEFE coin has shot up and it is still rising the mountain to become the next big thing in the crypto space.
The BEFE coin is still priced at a low tag which makes it a highly investible token for every person, be it a small investor or even a whale. Let’s check out why the BEFE coin is right for investing and what can be expected of it.
The BEFE Coin Transition
BEFE coin was introduced to the market as a meme currency in November last year. This token was initiated just for the sake of humour and parody in the crypto space. People had invested in BEFE coins just to send them as memes to people or just as a humorous gift to friends.
But now, the BEFE coin is being purchased as one of the most investible tokens. The BEFE coin creators and management have announced phase 5 for the token which includes the addition of BEFE coin to the Solana chain. This move has attracted a lot of crypto projects to use the BEFE coin as the primary token.
The BEFE coin is based on the Ethereum chain and is compatible with the EVM functions. So, the BEFE coin is also being used to implement smart contracts in various cases. Then there are cases where the BEFE coin is being used in metaverse and marketplaces as well. So, the increased usage of BEFE coin has helped push up the price of this token in the market.
Performance Stats of the BEFE Coin
Multiple experts have claimed that the BEFE coin is going to become the next big thing in the market. This is primarily because this token has a great score in KPIs currently. This token has grown immensely in the last few weeks and has become a mid-cap token with huge upside potential now.
The RSI score of the BEFE coin clearly indicates a strong buy signal for the token in the market. Then the MACD value and moving average of the coin also send positive affirmations to the investors. The trading volume of the BEFE coin is increasing rapidly with each passing day, which makes the BEFE coin highly preferred by investors.
The volatility percentage of BEFE coin stands at 12% which is even lower than some of the best-performing assets in the crypto market. Many more stats will prove how BEFE coin is growing immensely in the market.
Conclusion
With the above discussion, it is clear that the BEFE coin is not one for going down now. It is only going to grow and become a substantial token in the crypto space. This is the time when people can invest even a small amount in this currency and make huge profits in the coming days or months. The BEFE coin is set to be at the top of the table with its growing base and increasing use cases in the crypto space.
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.
The BEFE coin is still priced at a low tag which makes it a highly investible token for every person, be it a small investor or even a whale. Let’s check out why the BEFE coin is right for investing and what can be expected of it.
The BEFE Coin Transition
BEFE coin was introduced to the market as a meme currency in November last year. This token was initiated just for the sake of humour and parody in the crypto space. People had invested in BEFE coins just to send them as memes to people or just as a humorous gift to friends.
But now, the BEFE coin is being purchased as one of the most investible tokens. The BEFE coin creators and management have announced phase 5 for the token which includes the addition of BEFE coin to the Solana chain. This move has attracted a lot of crypto projects to use the BEFE coin as the primary token.
The BEFE coin is based on the Ethereum chain and is compatible with the EVM functions. So, the BEFE coin is also being used to implement smart contracts in various cases. Then there are cases where the BEFE coin is being used in metaverse and marketplaces as well. So, the increased usage of BEFE coin has helped push up the price of this token in the market.
Performance Stats of the BEFE Coin
Multiple experts have claimed that the BEFE coin is going to become the next big thing in the market. This is primarily because this token has a great score in KPIs currently. This token has grown immensely in the last few weeks and has become a mid-cap token with huge upside potential now.
The RSI score of the BEFE coin clearly indicates a strong buy signal for the token in the market. Then the MACD value and moving average of the coin also send positive affirmations to the investors. The trading volume of the BEFE coin is increasing rapidly with each passing day, which makes the BEFE coin highly preferred by investors.
The volatility percentage of BEFE coin stands at 12% which is even lower than some of the best-performing assets in the crypto market. Many more stats will prove how BEFE coin is growing immensely in the market.
Conclusion
With the above discussion, it is clear that the BEFE coin is not one for going down now. It is only going to grow and become a substantial token in the crypto space. This is the time when people can invest even a small amount in this currency and make huge profits in the coming days or months. The BEFE coin is set to be at the top of the table with its growing base and increasing use cases in the crypto space.
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.
Trending Upward: Bitgert Coin’s Remarkable Ascent to Prominence
Bitgert coin has displayed a unique approach that set the tone for how much they’d achieve. For some good reason also, it’s been an amazing investment that has kept some investors on the edge of their seats, and for others, it’s been the remarkable ascent to prominence.
With the cryptocurrency market innovation and volatility always takes the lead and the Bitgert Coin has stood out as a remarkable new player because of its unique innovations in tackling problems that crippled many crypto projects.
As a result, there’s been a surge in popularity that has many wondering what’s driving Bitgert’s rise and whether it can sustain its momentum.
Bitgert Real World Applications that Drive its Price to the Top
Generally, cryptocurrencies with real-world applications hold more long-term value. This explains why Bitgert’s has many potential use cases that are crucial for evaluating its long term worthiness as a coin to hold.
Bitgert native token is Bitgert Coin (BRISE), which is undeniably fast and secure for everyday online transactions. It could be used for everyday purchases to streamline the payment process and reduce transaction fees compared to traditional methods.
Bitgert’s targets are to establish a well-developed DeFi ecosystem. Meaning creating decentralized applications (dApps) that can facilitate lending, borrowing, and staking.
Given that Web3 is the future of the web, it’s also the closest to real world applications as anyone can get and Bitgert is a key player in the emerging Web3 landscape too.
Bitgert Pricing, The Role of Community and Hype in Trending Upwards
While real-world applications can influence the lifetime value of the Bitgert coin, understanding the role of community and hype is crucial for making informed investment decisions.
Bitgert has grown from being just a coin to a passionate and vocal community that actively promotes the coin on social media platforms. This strong community backing can fuel positive sentiment and attract new investors, contributing to the price hike.
Social media can be a double-edged sword for cryptocurrencies. It’s been crucial for the growth of Bitgert and has generated excitement and awareness trends that fueled the hype and then underlying fundamentals leading to higher demand and valuation of the coin.
Since community and hype play a role that cannot be understated, the Bitgert long-term success will depend on its ability to deliver on its technological roadmap.
Conclusion
With Bitgert investors can earn as much as they want especially during its remarkable ascent to prominence like we currently have.
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.
With the cryptocurrency market innovation and volatility always takes the lead and the Bitgert Coin has stood out as a remarkable new player because of its unique innovations in tackling problems that crippled many crypto projects.
As a result, there’s been a surge in popularity that has many wondering what’s driving Bitgert’s rise and whether it can sustain its momentum.
Bitgert Real World Applications that Drive its Price to the Top
Generally, cryptocurrencies with real-world applications hold more long-term value. This explains why Bitgert’s has many potential use cases that are crucial for evaluating its long term worthiness as a coin to hold.
Bitgert native token is Bitgert Coin (BRISE), which is undeniably fast and secure for everyday online transactions. It could be used for everyday purchases to streamline the payment process and reduce transaction fees compared to traditional methods.
Bitgert’s targets are to establish a well-developed DeFi ecosystem. Meaning creating decentralized applications (dApps) that can facilitate lending, borrowing, and staking.
Given that Web3 is the future of the web, it’s also the closest to real world applications as anyone can get and Bitgert is a key player in the emerging Web3 landscape too.
Bitgert Pricing, The Role of Community and Hype in Trending Upwards
While real-world applications can influence the lifetime value of the Bitgert coin, understanding the role of community and hype is crucial for making informed investment decisions.
Bitgert has grown from being just a coin to a passionate and vocal community that actively promotes the coin on social media platforms. This strong community backing can fuel positive sentiment and attract new investors, contributing to the price hike.
Social media can be a double-edged sword for cryptocurrencies. It’s been crucial for the growth of Bitgert and has generated excitement and awareness trends that fueled the hype and then underlying fundamentals leading to higher demand and valuation of the coin.
Since community and hype play a role that cannot be understated, the Bitgert long-term success will depend on its ability to deliver on its technological roadmap.
Conclusion
With Bitgert investors can earn as much as they want especially during its remarkable ascent to prominence like we currently have.
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.
Bitcoin Runes DOG Enters Top 10 Memecoins: What’s Ahead in Phase 2?
Bitcoin Runes token DOG•GO•TO•THE•MOON (DOG) ascends as the 9th largest memecoin by market cap.
According to the latest data, 72.5K holders hold DOG tokens.
Bitcoin Runes-based memecoin DOG•GO•TO•THE•MOON (DOG) hits $500 million market cap following announcements of its listings on four notable centralized exchanges (CEXs) within the last 24 hours.
This surge has catalyzed DOG to join the top 10 memecoins by market cap. Notably, DOG stands on the ninth spot, with two hyped Solana-based memecoins — Book of Meme (BOME) and Cat in a dogs world (MEW) — ahead in the rankings.
According to data on MagicEden, at press time, the average floor price of this Runes token was 7.7 sats (satoshis), worth $0.0051. 100 billion DOG tokens recorded a market cap of $495.3 million and a 24-hour trading volume of $7.34 million.
Source: MagicEden
This dog-themed memecoin was “etched” onto the Bitcoin blockchain via the Runes Protocol. It was then airdropped to eligible Runestone NFT holders on April 24th. So far, crypto exchanges such as OKX, Gate.io, CoinW, Bitrue, CoinEx and Cube have listed DOG. Marketplaces such as MagicEden and UniSat also have listed this token.
What’s the Next Target For Bitcoin Runes DOG?
Spiking the Bitcoin meme maxis’ hype, the pseudonymous co-creator Leonidas has unveiled his ‘ideal’ expectations for “phase 2 in DOG’s memecoin lifecycle” on X. This includes featuring on the famed digital artist Beeple’s feed, listings on tier 1 CEXs, and higher market cap targets.
Practically speaking this is what phase 2 in $DOG's memecoin lifecycle ideally should look like:– Beeple everyday– Multiple tier 1 CEX listings– At $767M MCAP we hit front page of CoinMarketCap– At $1B MCAP mainstream media coverage startsYou are not ready for Phase 3
— Leonidas (@LeonidasNFT) April 26, 2024
Following DOG, other Runes in the lineup are RSIC•GENESIS•RUNE (RSIC), holding a market cap of $210 million and 22,255 holders, and LOBO•THE•WOLF•PUP (LOBO), with $56.3 million and 74,408 holders.
Since its launch on Halving Day, Runes has captured a dominant share of transactions on the Bitcoin blockchain. On Tuesday, 81% of on-chain transactions were related to these “etched” tokens. Launch of Ordinals took over the realm in 2023, spurring the Inscriptions and BRC-20 bandwagon. How will these Runes that boost the creation of fungible tokens on Bitcoin lead the game now?
According to the latest data, 72.5K holders hold DOG tokens.
Bitcoin Runes-based memecoin DOG•GO•TO•THE•MOON (DOG) hits $500 million market cap following announcements of its listings on four notable centralized exchanges (CEXs) within the last 24 hours.
This surge has catalyzed DOG to join the top 10 memecoins by market cap. Notably, DOG stands on the ninth spot, with two hyped Solana-based memecoins — Book of Meme (BOME) and Cat in a dogs world (MEW) — ahead in the rankings.
According to data on MagicEden, at press time, the average floor price of this Runes token was 7.7 sats (satoshis), worth $0.0051. 100 billion DOG tokens recorded a market cap of $495.3 million and a 24-hour trading volume of $7.34 million.
Source: MagicEden
This dog-themed memecoin was “etched” onto the Bitcoin blockchain via the Runes Protocol. It was then airdropped to eligible Runestone NFT holders on April 24th. So far, crypto exchanges such as OKX, Gate.io, CoinW, Bitrue, CoinEx and Cube have listed DOG. Marketplaces such as MagicEden and UniSat also have listed this token.
What’s the Next Target For Bitcoin Runes DOG?
Spiking the Bitcoin meme maxis’ hype, the pseudonymous co-creator Leonidas has unveiled his ‘ideal’ expectations for “phase 2 in DOG’s memecoin lifecycle” on X. This includes featuring on the famed digital artist Beeple’s feed, listings on tier 1 CEXs, and higher market cap targets.
Practically speaking this is what phase 2 in $DOG's memecoin lifecycle ideally should look like:– Beeple everyday– Multiple tier 1 CEX listings– At $767M MCAP we hit front page of CoinMarketCap– At $1B MCAP mainstream media coverage startsYou are not ready for Phase 3
— Leonidas (@LeonidasNFT) April 26, 2024
Following DOG, other Runes in the lineup are RSIC•GENESIS•RUNE (RSIC), holding a market cap of $210 million and 22,255 holders, and LOBO•THE•WOLF•PUP (LOBO), with $56.3 million and 74,408 holders.
Since its launch on Halving Day, Runes has captured a dominant share of transactions on the Bitcoin blockchain. On Tuesday, 81% of on-chain transactions were related to these “etched” tokens. Launch of Ordinals took over the realm in 2023, spurring the Inscriptions and BRC-20 bandwagon. How will these Runes that boost the creation of fungible tokens on Bitcoin lead the game now?
What Is the FUD Around Ethereum and How Does It Impact ETH?
SEC’s rumored rejection of Ethereum ETFs prompts uncertainty in the market.
Despite bullish trends, Ethereum sees significant outflows from exchanges.
Ethereum has emerged as a focal point of discussion in the cryptocurrency community, with traders closely monitoring reports surrounding the SEC’s rumored plans to reject spot EthereumETF proposals in May. Despite optimism stemming from the approval of spot Bitcoin ETFs in January 2024 and the excitement surrounding the BTC halving in April, uncertainty looms over the fate of Ethereum and other altcoins.
Traders are grappling with the potential implications of the SEC’s stance on Ethereum ETFs, which could significantly impact ETH. While hopes for a rally persist, recent indications suggest that approval may not be imminent, leading to a rise in bearish sentiment among traders.
ETH Price Chart, Source: TradingView What’s Further?
Against this backdrop, Ethereum has witnessed significant outflows from exchanges even as its price surged above the $3,000 mark, signaling investor confidence in further price appreciation. Notably, Titan of Crypto, a prominent analyst, highlighted the substantial outflow of over 260,000 ETH, equivalent to more than $781 million, from exchanges within the past week.
Furthermore, notable figures like Justin Sun have been accumulating ETH, with recent data indicating significant withdrawals from exchanges.
Analysis suggests that Ethereum’s net deposit on exchanges has increased compared to the previous seven days, indicating a shift towards selling among investors. However, whale accumulation of Ethereum has remained unaffected, as evidenced by the continued rise in ETH’s supply held by top addresses.
At present, ETH is trading at $3,147.75 with a 0.45% drop and the trading volume is down 4.07%.
Despite bullish trends, Ethereum sees significant outflows from exchanges.
Ethereum has emerged as a focal point of discussion in the cryptocurrency community, with traders closely monitoring reports surrounding the SEC’s rumored plans to reject spot EthereumETF proposals in May. Despite optimism stemming from the approval of spot Bitcoin ETFs in January 2024 and the excitement surrounding the BTC halving in April, uncertainty looms over the fate of Ethereum and other altcoins.
Traders are grappling with the potential implications of the SEC’s stance on Ethereum ETFs, which could significantly impact ETH. While hopes for a rally persist, recent indications suggest that approval may not be imminent, leading to a rise in bearish sentiment among traders.
ETH Price Chart, Source: TradingView What’s Further?
Against this backdrop, Ethereum has witnessed significant outflows from exchanges even as its price surged above the $3,000 mark, signaling investor confidence in further price appreciation. Notably, Titan of Crypto, a prominent analyst, highlighted the substantial outflow of over 260,000 ETH, equivalent to more than $781 million, from exchanges within the past week.
Furthermore, notable figures like Justin Sun have been accumulating ETH, with recent data indicating significant withdrawals from exchanges.
Analysis suggests that Ethereum’s net deposit on exchanges has increased compared to the previous seven days, indicating a shift towards selling among investors. However, whale accumulation of Ethereum has remained unaffected, as evidenced by the continued rise in ETH’s supply held by top addresses.
At present, ETH is trading at $3,147.75 with a 0.45% drop and the trading volume is down 4.07%.
