⛏️ Miner incomes fall to record lows The indicator dropped

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🔄 𝗧𝗲𝘀𝗹𝗮 𝗨𝗽𝗱𝗮𝘁𝗲𝘀 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻, 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗡𝗲𝘄 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗳𝗼𝗿 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻 (𝗗𝗢𝗚𝗘) 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 Tesla, one of the world’s largest electric car manufacturers, has updated its official website to include Dogecoin (DOGE) as a payment option. According to the official website, Tesla products can be purchased using American Express, Discover, Mastercard, Visa, Apple Pay, and now, Dogecoin. However, Dogecoin can only be used to purchase certain products and not Tesla cars. Tesla now accepts Dogecoin as a payment option for certain products, marking another significant step for the cryptocurrency in the mainstream market. 🔺 𝗧𝗲𝘀𝗹𝗮 𝗔𝗱𝗱𝘀 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻 𝘁𝗼 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 Tesla, a leading electric car manufacturer, has updated its payment options on its official website to include Dogecoin. This move signifies the increasing acceptance of cryptocurrencies in mainstream markets. However, it should be noted that Dogecoin can only be used to purchase certain products and not Tesla cars. 🔺 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻’𝘀 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 𝗔𝗳𝗳𝗲𝗰𝘁𝘀 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 For users wishing to purchase Tesla products with Dogecoin, a price equivalent in DOGE is provided. However, this is only valid for a short period due to the cryptocurrency’s volatility. After a while, the price needs to be updated. This is attributed to the high volatility of Dogecoin. 🔺 𝗡𝗼 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗧𝗲𝘀𝗹𝗮 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 Currently, it is not possible to purchase any Tesla products with Bitcoin. There was a time when Tesla cars could be purchased with BTC, but this is no longer the case. $DOGE #doge #Dogecoin‬⁩ #BTC #Tesla

🔥 Here Are The Top 10 Altcoin Networks With The Most Users In April – Ethereum Ranks 6th While the cryptocurrency market rose led by Bitcoin after the weak employment report from the USA, analysis company CryptoRank identified the altcoin networks with the highest number of users in April. Bitcoin price has increased by approximately 7% in the last 24 hours and is traded at $ 63,257 at the time of writing this article. Here are the altcoin networks with the most users and their number of users in April: ▫️ Tron (TRX) – 54.7 million ▫️ Near (NEAR) – 53.8 million ▫️ BNB (BNB) – 35.5 million ▫️ Solana (SOL) – 35.2 million ▫️ Polygon (MATIC) – 33.6 million ▫️ Ethereum (ETH) 12 million ▫️ Base – 10.7 million ▫️ zkSync Era – 9.8 million ▫️ Arbitrum (ARB) – 9.3 million ▫️ Linea – 5.6 million ▫️ Celo (CELO) – 4.9 million ▫️ Optimism (OP) – 4.2 million ▫️ Aptos (APT) – 3.2 million ▫️ Scroll – 2.6 million ▫️ Blast – 2.5 million It is noteworthy that Ethereum, which has the largest market value, can rank sixth on the list. The reason why Ethereum's number of users remains lower than others is the high transaction fees required by the network to process transactions. However, it is thought that the reason why Tron, which ranks first, has such a large number of users is that most of the USDT stablecoin transfers occur on the Tron network. #altcoins #Network

⚠️ 𝗥𝗶𝗽𝗽𝗹𝗲’𝘀 𝗫𝗥𝗣 𝗙𝗮𝗰𝗲𝘀 𝗥𝗶𝘀𝗸 𝗼𝗳 𝗦𝘁𝗲𝗲𝗽𝗲𝗿 𝗣𝗿𝗶𝗰𝗲 𝗖𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝗼𝗻 Ripple (XRP) price recovery rally largely depends on the broader crypto market and the investors’ behavior. However, neither party favors a price rise, which could cause considerable damage to XRP holders. 🔺 𝗥𝗶𝗽𝗽𝗹𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗧𝗮𝗸𝗲 𝗮 𝗦𝘁𝗲𝗽 𝗕𝗮𝗰𝗸 XRP price attempts to move upward, but by the looks of it, this effort will be thwarted. This is because Ripple is noting bearishness at the hands of its investors, particularly traders. Bearish bets against XRP have increased in the futures market, which is evident from the funding rate. The funding rate in cryptocurrency futures trading is the fee paid or received by traders holding leveraged positions overnight. Market conditions determine it and serve to balance the market between long and short positions. Generally, positive funding rates suggest the dominance of long contracts, whereas negative rates hint at short contracts’ taking the preference. 🔺 𝗫𝗥𝗣 𝗶𝘀 𝘄𝗶𝘁𝗻𝗲𝘀𝘀𝗶𝗻𝗴 𝗻𝗲𝗴𝗮𝘁𝗶𝘃𝗲 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀, 𝘄𝗵𝗶𝗰𝗵 𝘀𝘂𝗴𝗴𝗲𝘀𝘁𝘀 𝘁𝗿𝗮𝗱𝗲𝗿𝘀 𝗮𝗿𝗲 𝗯𝗲𝘁𝘁𝗶𝗻𝗴 𝗼𝗻 𝗮 𝗽𝗿𝗶𝗰𝗲 𝗱𝗲𝗰𝗹𝗶𝗻𝗲. At the same time, the broader market is also exhibiting bearishness, as can be seen in the Relative Strength Index (RSI). The RSI is a momentum oscillator that measures the speed and change of price movement. It is used to identify overbought or oversold conditions in an asset. Given that XRP is struggling to secure the neutral line at 50 as support, a bearish outcome seems rather likely. $XRP #XRP

📊 Ethereum’s Price Trends Towards Recovery Ethereum (ETH), the prominent cryptocurrency, exhibited encouraging signs of recovery recently, climbing over 9% and targeting the $2,871 resistance level. This rebound is significant as it positions the price near the 100-day Simple Moving Average (SMA), a key indicator in both the four-hour and daily charts. Investors are closely monitoring these developments, which suggest a potential positive shift in market dynamics. 🔺 Indicators Pointing to Positive Movements? The technical analysis of Ethereum’s price movement reveals that despite trading below the critical indicators like the 100-day SMA and the trend line, there’s an upward momentum. The Relative Strength Index (RSI), a tool used to gauge market sentiment and potential price movements, remains above 50, indicating a possible continuation of the recent price increase. Furthermore, the Moving Average Convergence Divergence (MACD) also supports this optimistic outlook, with both the MACD and signal lines trending towards the neutral zone from above the zero line. 🔺 Key Resistance and Support Levels Ethereum is currently testing important price thresholds. Resistance levels at $3,250 and $3,355 and a notable support level at $2,819 mark the boundaries of its recent price range. A breakthrough above $3,250 could propel ETH towards the higher resistance at $3,355. Conversely, failure to overcome current resistances could see the cryptocurrency sliding towards the $2,819 support level, with potential for further declines if this floor is breached. 🔺 Strategic Insights for Investors If ETH maintains a steady position above the 50 RSI mark, expect a sustained recovery.Monitoring the $2,819 support level is crucial as breaking below it could lead to significant sell-offs.Investors should watch for a stable crossover in the MACD above the zero line as a bullish indicator. As the crypto market remains volatile, Ethereum appears to be carving a path towards recovery, marked by recent gains and positive technical indicators. $ETH #eth‬ #Ethereum

🤝 Hedera shakes up finance: Shinhan Bank launches KRW on the blockchain for seamless transactions 🔺 Shinhan Bank Completes Pilot Phase As previously reported by Crypto News Flash, this pilot phase is a continuation of Shinhan Bank’s Proof-of-Concept (PoC), which began in 2021 when it partnered with Standard Bank, Africa’s largest bank on stablecoin international remittances. The PoC is compatible with Ethereum Virtual Machine (EVM), which means that any EVM-based stablecoin issuers can use the framework. Issuers benefit from the high scalability of Hedera Token Service at 10,000 TPS and EVM’s increased programmability, which unlocks unmatched stablecoin flexibility and power. In a test environment that matches current production capabilities, the pilot accomplished real-time settlement and real-time foreign exchange (FX) rate integration for KRW, Thai Baht (THB), and New Taiwan dollar (NTD). Throughout this pilot, Shinhan Bank collaborated with multiple corporations including SCB TechX, a digital technology-focused subsidiary of the SCBX Group. 🔺 Hedera’s Focus on Asia Market Asia has become a key focus area for The HBAR Foundation. The symbiotic relationship between businesses and consumers in Asia may be the reason why Web3 adoption is interdisciplinary, with Non-Fungible Tokens (NFTs) and gaming standing out. In addition to this, there is clear institutional interest and participation. Shinhan Bank is one of many financial institutions exploring RWA solutions on Hedera in Asia. Hedera network has formed partnerships with Nomura Bank and DBS Bank. Meanwhile, HBAR, the native digital asset of Hedera recently saw its price spike and subsequent plummet due to a misunderstanding involving BlackRock, as highlighted in a Crypto News Flash YouTube video. The excitement began when blockchain startups Archax and Ownera tokenized shares of BlackRock’s ICS US Treasury Money Market Fund on the Hedera platform. However, BlackRock quickly refuted the news, stating that it had no direct role in the tokenization process. $HBAR #HBAR #HEDERA

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