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Updated April 22, 2024

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According to Foresight News, Aimie Killeen is set to join the Digital Currency Group (DCG) as Chief Legal Officer on May 1. She will be responsible for international legal business, mergers and acquisitions, compliance, and governance.

Previously, Killeen served as the Chief Legal Officer for Billtrust, a financial and digital payment company supported by AI. She also held the position of Executive Vice President and General Legal Counsel at Cardtronics, a global financial services technology and transaction processing company.

According to PANews, Miles Jennings, the chief legal advisor of a16z Crypto, has proposed five fundamental principles in his article about token issuance strategy. These principles aim to assist blockchain projects in safely issuing tokens within the framework of U.S. securities law.

The primary rule is to never publicly sell tokens for fundraising purposes in the United States due to the strict regulatory stance of the U.S. Securities and Exchange Commission (SEC). The second rule emphasizes decentralization as the core guiding principle for the project.

The third rule points out that communication is key, and projects should strictly manage their communication strategies. The fourth rule advises projects to be extra cautious when considering listing on secondary markets and liquidity issues.

The final rule suggests that all tokens should have a lock-in period of at least one year. Jennings stresses that these rules are not intended to evade U.S. securities law, but to ensure that the risks associated with holding tokens are significantly different from the risks of investing in securities.

According to Foresight News, Injective has announced its integration with Layer1 network XION. This move brings XION's chain abstraction into the Injective ecosystem. The integration is expected to enhance the functionality and performance of the Injective ecosystem by leveraging the capabilities of the XION network.

According to CryptoPotato, Ethereum's price has been experiencing increased selling activity after a period of consolidation and corrective movements, leading to a slight decline toward the 100-day moving average. The key question is whether Ethereum sellers will manage to break below this significant moving average.

A detailed analysis of the daily chart reveals that following an extended phase of corrective retracements, with the price testing the critical resistance region of $3.2K, the market experienced heightened selling pressure, resulting in a slight downturn. Consequently, the Ethereum price is now testing a crucial support level marked by the 100-day moving average at $3086. This range holds significance as it typically attracts considerable demand, potentially limiting further downward pressure from sellers. However, given the current market sentiment and recent price action, Ethereum appears to lack sufficient momentum and buying activity, increasing the likelihood of a new bearish trend in the short term.

A closer examination of the 4-hour chart reveals that following a period of sideways consolidation near the lower boundary of the wedge pattern, which aligns with the support region around $3K, the price experienced notable buying pressure, leading to a bullish reversal. This intensified demand resulted in a significant surge towards a critical resistance region, encompassing the 0.5 ($3234) and 0.618 ($3324) Fibonacci levels. However, sellers regained control and halted the upward momentum, causing a renewed bearish downturn, indicating a notable bearish sign for the market.

With Ethereum’s price failing to surpass the $3.7K level, investors may be interested in understanding the behavior of futures market traders. The 14-day moving average of the Taker Buy Sell Ratio, a metric that gauges the aggressiveness of buyers relative to sellers, has been on a sharp decline over the past few weeks. Moreover, the ratio has recently been steadily decreasing, nearing its lowest point since September 2022. This downward trend is concerning and suggests that Ethereum’s bearish trend could last in the mid-term if current conditions persist.

According to CryptoPotato, XRP's market has taken a bearish turn as sellers gained control of the price action earlier this month. A few technical indicators provide insights into the current market situation and potential future trends. The key support and resistance levels are at $0.43 and $0.54 respectively.

Unfortunately for bulls, the support at 54 cents was lost and has now turned into a key resistance. If buyers are unable to reclaim this level, then the XRP price has a good chance to revisit the key support at 43 cents.

Since XRP made a lower high in early March, the price entered a prolonged downtrend. This culminated with a local low at 43 cents during the crash in mid-April. The bias is bearish, and the 43-cents level must be maintained to avoid new lows.

The weekly MACD did a bearish cross this month. The moving averages continue to fall, and the histogram also makes lower lows. As long as this continues, there is little hope of a reversal. This indicates that bears are currently in control of the market.

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the listing and trading of Bitcoin spot ETF options until May 29. The information was initially reported by The Block Pro. The SEC has not provided any further details or reasons for this delay. This decision is eagerly awaited by the cryptocurrency market, as it could potentially influence the future of Bitcoin trading.

According to PANews, Aethir, a decentralized cloud infrastructure (DCI), announced the launch of the Aethir Cloud Drop event, which will run until May 12. The event aims to ensure the complete decentralization of the Aethir ecosystem by distributing the upcoming $ATH tokens to community members.

Participants can join the Aethir Cloud Drop through the platform, which offers a user-friendly and streamlined experience. Eligibility for the event is determined through a badge and task system. Participants can qualify by purchasing Aethir Checker nodes, interacting on social media, participating in quizzes, referring friends, and becoming part of specific NFT/token communities.

According to Foresight News, Anchorage Digital, a crypto bank chartered by the U.S. federal government, has launched a global cryptocurrency settlement service named Atlas. The service supports the settlement of U.S. dollars and digital assets, including over-the-counter (OTC) settlements, off-exchange margin/collateral management, and off-exchange settlements with round-the-clock fund availability.

Atlas provides direct settlements on the blockchain between wallets, eliminating the need for intermediary institutions. This ensures that assets remain in the hands of all parties involved until the settlement is complete. Participants can also transfer or settle multiple types of assets in a single operation, reducing management costs.

Furthermore, through Anchorage's branch in Singapore, participants can engage with overseas trading counterparts. This development marks a significant step in the evolution of digital asset management and trading, offering a more streamlined and efficient process for participants in the cryptocurrency market.

On Apr 25, 2024, 13:19 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,995.980469 USDT, with a 4.62% decrease in 24 hours.

According to Foresight News, Nim Network, an AI gaming chain based on Dymension, has announced the launch of Ligetron 1.0, the first component of its Nim AI framework. Ligetron 1.0 provides economic ownership and verified access to AI models. It is a memory-efficient ZK system supported by Ligero proof, capable of delivering high performance at a low cost, reducing the integration cost of running different AI models. Ligetron is a hash-based ZKSNARK that allows developers to write zero-knowledge applications directly from the browser using advanced languages such as C, C++, or Rust.

According to Foresight News, Arbitrum, Optimism, Polygon, StarkWare, and zkSync are set to integrate with Avail's data availability architecture. In addition, Avail is expected to launch its mainnet in the coming weeks.

The integration of these platforms with Avail's architecture is a significant development in the blockchain technology sector. It is anticipated that this collaboration will enhance the efficiency and effectiveness of these platforms, providing a more robust and reliable service for users.

The upcoming launch of Avail's mainnet is another key event to watch out for. This launch will mark a major milestone for Avail, signifying its readiness to provide its services on a larger scale. The mainnet launch is expected to take place within the next few weeks, although a specific date has not been provided.

This news highlights the continuous growth and development in the blockchain technology sector, with companies like Arbitrum, Optimism, Polygon, StarkWare, and zkSync continually seeking ways to improve their services and provide better solutions for their users. The integration with Avail's data availability architecture is a clear indication of this commitment to innovation and improvement.

According to BlockBeats, as of April 25, the swap market is no longer fully pricing in a rate cut by the Federal Reserve before December. This development indicates a shift in market expectations regarding the monetary policy of the United States' central banking system. Previously, the market had been anticipating a reduction in interest rates by the Federal Reserve within the year. However, recent trends suggest a change in this outlook. The implications of this shift could be significant for various sectors, including finance and investment. It is important to note that the Federal Reserve's decisions on interest rates can have a profound impact on the economy, influencing borrowing costs, investment returns, and the value of the dollar. Therefore, changes in market expectations regarding these decisions can affect a wide range of economic activities.

According to Bloomberg, Bitcoin traders seem to have reduced their bets on the world's largest cryptocurrency as its two major driving forces diminish. On April 19, the Bitcoin funding rate, which is the premium paid by traders to open new long positions in the token's perpetual futures market, turned negative for the first time since October 2023. This metric indicates a decrease in Bitcoin demand following a period where a series of US spot-Bitcoin ETFs pushed the token to record highs.

However, net inflows to these ETFs have decreased in recent weeks. The much-anticipated halving, a quadrennial event that cuts the rewards earned by miners that secure the blockchain and reduces the supply of new coins in the market, had a minimal effect on Bitcoin's price last week. Bitcoin reached a peak of $73,798 in March but has since corrected nearly 13%, trading at $64,214 as of 08:35 a.m. on Thursday in London.

The enthusiasm of buyers for the original cryptocurrency has cooled partly due to increasing risk aversion linked to tensions in the Middle East, as well as expected delays to Federal Reserve rate cuts. Bitcoin funding rates reached a three-year high in March, indicating an overheated market, but were below zero as of Tuesday. Julio Moreno, CryptoQuant’s Head of Research, stated that this certainly means that the desire for traders to open long positions has eased.

Vetle Lunde, an analyst at K33 Research, noted that the current 11-day neutral-to-below-neutral funding rate streak is unusual, with past dips promptly followed by a flurry of leveraged bets. He added that the lengthy nature of this perp discount could point toward further price consolidation. The drop-off in the funding rate coincides with a decline in daily inflows into the US spot-Bitcoin ETFs. So far this month, the group of 11 products has seen a net inflow of $170 million, significantly less than the $4 billion they garnered in the same number of trading days in March, according to data compiled by Bloomberg.

According to Foresight News, Anichess, a chess strategy game under Animoca Brands, has successfully raised $1.8 million in funding. The funding round was led by Sfermion and Amber Group, with participation from Fenbushi Capital, Aspen Digital, and SNZ Capital. The funds will be used to support game development, marketing activities, and team expansion.

Previously in June 2023, Foresight News reported that Anichess had completed a seed funding round of $1.5 million. The investors included GameFi Ventures, Coin Operated Group, Koda Capital, Bing Ventures, 708 Capital, and Asymmetry Capital. In January 2024, Animoca Brands collaborated with Chess.com and world chess champion Magnus Carlsen to launch the first phase of the Anichess game.

According to PANews, the United States has reported its lowest first-quarter real GDP annualized rate since 2023, at 1.6%. This marks a significant downturn in the country's economic performance.

In contrast, the core PCE price index, a key inflation indicator, has seen a sharp rebound from the previous month. The first quarter annualized rate for the index has hit a new high since the second quarter of 2023, at 3.7%. This suggests a surge in inflation, which could potentially impact the country's economic stability.

These contrasting figures highlight the complex economic challenges facing the United States. The low GDP growth rate indicates a slowdown in economic activity, while the high PCE price index points to increasing inflationary pressures. This could potentially lead to a difficult balancing act for policymakers, as they seek to stimulate economic growth while keeping inflation in check.

According to Foresight News, Alchemy Pay, a provider of cryptocurrency payment services, has announced the integration of the newly launched Tether (USDt) on TON into its payment channels. This development signifies an expansion of Alchemy Pay's services, as it continues to incorporate more digital currencies into its platform. The integration of Tether on TON is expected to enhance the versatility of Alchemy Pay's payment channels, providing more options for users. Further details about the integration or its potential impact on Alchemy Pay's services were not provided in the announcement.

According to Foresight News, the Singapore High Court has dismissed a liquidation application submitted by U-Zyn Chua, the former Chief Technology Officer of Cake Group. The court ruled that there was no reason to shut down the cryptocurrency company. In addition, Judicial Commissioner Alex Wong stated during the court hearing that seeking liquidation as a quick solution was inappropriate when there were other remedial measures available. This decision underscores the court's commitment to ensuring that businesses have the opportunity to rectify issues before resorting to drastic measures such as liquidation.

According to BlockBeats, Ahmad Shadid, the founder and CEO of io.net, announced on April 25th that hackers have only been able to alter the private names of user devices, without running any new containers on the machines. The company is currently investigating the issue and will implement a fix as soon as possible. This statement comes in response to previous reports of hackers manipulating the names and online statuses of multiple io.net machines via the API, thereby corrupting data. At present, the names and online statuses of several machines have been altered. Shadid reassured users that no new containers have been run on the machines, limiting the potential damage caused by the hackers.

According to Foresight News, Worldcoin is reportedly still in pursuit of partnerships with well-known technology companies, including OpenAI. Bloomberg initially reported this development. However, further details about the potential collaboration or the nature of the partnerships have not been disclosed yet.