Justin Sun, the popular entrepreneur who founded the Tron blockchain, has recently voiced his opinion on the Ethereum ETFs. As per Sun, the current scenario around the authorization of the Ethereum exchange-traded funds is not very optimistic and the authorities won’t approve them in May. The famous entrepreneur took to its official X account, saying that the crypto market still requires significant preparation.

My honest opinion (NFA) is that an Ethereum ETF won't be approved in May. The crypto industry still needs to prepare for a long-term education with regulators, focusing on helping them understand crypto. But we've always been here, haven't we?

— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 28, 2024

Justin Sun of Tron Says the Regulators Won’t Approve $ETH ETFs in May This Year

In his recent post, Sun noted that several factors need the provision of proper information for the crypto market’s progress. Especially in the case of the regulatory landscape, he added, the industry has to spread adequate information concerning crypto. This would potentially contribute to enlightening the regulatory agencies for better decisions in the future.

While further explaining his point, the entrepreneur discussed the efforts of the crypto community members. He asserted that the entire industry has been endeavoring to make the regulators understand the potential of this sector. However, he made one thing clear the market is currently far from getting instant approval for the Ethereum ETFs.

DTCC’s Listing of Franklin Templeton Application Doesn’t Ensure the ETF Approval by the SEC

On the other hand, the Depository Trust and Clearing Corporation has officially listed the spot ETF application of Franklin Templeton. Nonetheless, the respective listing does not ensure the authorization of the spot ETH ETF application by the US SEC. Normally, the DTCC lists the qualified securities on its website for settlement and trading. They take into account the exchange-traded funds that have accomplished certain compliance and registration procedures.

The United States Securities and Exchange Commission has postponed the decision for the ETF application of Franklin Templeton till June 11. This grants the agency to prolong the evaluation period for another 45 days before the decision. Additionally, top players like ARK Invest, VanEck, BlackRock, and Grayscale are also competing to get approvals for spot ETH ETFs. Hence, despite the speculations, it remains to be seen if the regulator will approve the ETH ETFs anytime soon.

Decentralized novel financial protocol Coral Finance has announced the official launch of its testnet. Coral Finance has connected the basic fundamental into a unique solution in the Uniswap world. The company offers a new staking ideal solution in the staking world. Creating a new ultimate experience, the Coral Finance introduces “Premium Trading”.

Great News! Coral Finance 𝐓𝐞𝐬𝐭𝐧𝐞𝐭 on @BTClayer2 is LIVE! Start the journey, you will be the pioneer in Premium-trading staking. : https://t.co/B5UN61Nv6hMore on Coralantis! The Mesopelagic section is now open for you to earn and claim testnet Reef Points:… pic.twitter.com/iAuMyrNuqS

— Coral Finance | Coralantis (@Coral_Finance) April 28, 2024

Coral Finance Unveils First Omni-Chain Derivative Staking Platform

As the staking Domain’s First Omni-Chain and First Omni-Asset Derivative Staking Platform, Coral Finance aims to provide staking experiences rooted in trust and non-inflationary certainty to its stakeholders. Coral Finance’s journey to its testnet launch has been achievable due to the continual support and dedication of its community. The company is dedicated to continuing to provide groundbreaking technology for its supporters while courageously exploring uncharted territory.

Premium Trading offers a unique style of staking that mitigates the existing problems associated with token post-launch price variabilities and reactivity of liquidity aggregation. When a coin/token is launched, the prices may fluctuate, later reducing money invested into the tokens. Premium Trading attempts to resolve this issue based on the offered liquidity management mechanism.

As a vertical of classic staking pools and the forest of liquidity mining, Premium Trading amplifies the capabilities of the individual liquidity aggregation and transfer and thus improves the ability of true usage of assets during the bullish market mode.

Premium Trading Unlocks Liquidity Potential Across Networks

By unlocking the potential of new liquidity usage, Premium Trading allows projects to manage their tokens optimally throughout a multitude of networks and ecosystems. Coral Finance offers an API that allows the implementation of Premium Pools, showing possibilities for integration with faucets and other platforms or protocols beyond the scope of Ethereum-centric solutions.

In addition to this, Coral Finance has also thought of everything for the user’s test experience and created a dedicated guide for Premium Trading testing on the testnet. While in the mobile compatibility stage, users on PC provide a smoother experience test.

Ultimately, Coral Finance will continue to develop and expand, but their promise to provide form-staked solutions does not change. The testnet reveals the willingness of Coral Finance to propose a new level of spear staking and procedure the DeFi networks with the first premium trading method.

In a flurry of activity that has caught the attention of crypto enthusiasts worldwide, over $66 million worth of Solana (SOL) has been transferred to major exchanges. The two transactions, tracked by the renowned blockchain monitoring service Whale Alert, indicate sizable movements in the Solana ecosystem.

249,110 #SOL (35,634,355 USD) transferred from unknown wallet to #OKExhttps://t.co/6U8T1EA0YP

— Whale Alert (@whale_alert) April 28, 2024

According to Whale Alert’s tweets, a substantial amount of SOL has been shifted from unidentified wallets to two prominent exchanges. The first transfer saw 249,110 SOL, valued at $35,634,355, move from an unknown source to OKX, a leading cryptocurrency exchange. Shortly after, another transfer involving 215,746 SOL, equivalent to $30,761,870, was detected, this time heading to Binance, one of the largest and most widely-used exchanges in the crypto space.

215,746 #SOL (30,761,870 USD) transferred from unknown wallet to #Binancehttps://t.co/S1DQmS3mer

— Whale Alert (@whale_alert) April 28, 2024

The timing of these transfers suggests a significant sell-off of Solana tokens, with a combined total of 464,856 coins being moved, representing a staggering $66.4 million in value. Such substantial movements of digital assets to exchanges often signal the intent to liquidate holdings, potentially leading to a bearish impact on the price of the asset involved.

Solana Price Remains Steady

Solana, often touted for its high-speed and low-cost transactions, has been experiencing notable price growth recently. As of the time of reporting, the price of SOL stands at $142.25, reflecting a 4.80% increase in the past 24 hours. However, the influx of such a substantial amount of SOL into exchanges could potentially disrupt this upward trend, as increased selling pressure may dampen investor sentiment and lead to a temporary price correction.

While the exact motivations behind these transfers remain undisclosed, market analysts and enthusiasts alike are closely monitoring the situation for further developments. The influx of over $66 million worth of Solana into major exchanges underscores the dynamic nature of the market, where large-scale transactions can swiftly influence asset prices and market sentiment. Overall, the broader community remains vigilant and ready to adapt to any potential shifts in Solana’s market dynamics.

According to a recent market analysis, the highly respected crypto analyst Ash Crypto predicts the beginning of Alt Season 2.0 after the Altcoin market has increased since January 2024. The market is now at an ideal position to invest and pump as it has retraced by nearly -28%. Altcoins are essentially every cryptocurrency other than Bitcoin, and they’ve had a massive pullback but continue to be above the market cap level of $537 billion, where they found support. This level was previously a resistance point but has since reversed.

ALTSEASON 2.0 UPDATE TOTAL 3 ( Total Altcoin Mcap ) -After a surge in the altcoin market since January 2024, it has now retraced by about -28%. -Altcoins have found support around the $537 billion market cap, a level that previously acted as resistance. -It's… pic.twitter.com/jt50X74702

— Ash Crypto (@Ashcryptoreal) April 28, 2024

Millions Expected to Flow into Market, Boosting Alt Season 2.0

In the short term, as per Ash Crypto, it is vital to remain stable around this support. The market is at the sideways stage, watching for bullish signs such as the adjustment of Bitcoin’s dominance and the ETH/BTC performance.

Despite the decline experienced recently, Ash Crypto is more optimistic about the future lake of Altcoins. The analyst has predicted that millions of dollars will be flowing into the market; hence, propelling Alt Season 2.0 to greater heights.

Analyst Predicts Potential 10x Surge for Altcoins, Urges Investor Patience

According to this analysis, Altcoins might increase by a factor of 10x with the expected surge. Therefore, based on the above analysis, investors are asked to patient enough with their Altcoin investments. Indeed, market is volatile in cryptocurrency, and Ash Crypto argues that holders have to wait for more opportunities.

Alt Season 2.0 may signal a new era for altcoins, pulling the market to new heights and spurring innovation. This, in turn, can lead to exceptional returns for investors. In summary, although the altcoin market may be undergoing a retracement, analysts believe this is a temporary pause. Alt Season 2.0 has the potential to reintroduce speculation and opportunities to investors who can endure the current state of the market.

Bitfinex, one of the largest cryptocurrency platforms in the world, is updating the platform for its maintenance. The platform stopped trading for a while due to deteriorated performance but is scheduled to fully function very soon. Maintenance was done to identify problems and eliminate them to improve the platform’s performance and usability.

Our maintenance is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 12:45 PM UTC, before trading opens at 12:50 PM UTC. Thank you for your patience. https://t.co/WBMz5yuuQi

— Bitfinex (@bitfinex) April 28, 2024

Bitfinex Implements View-Only Mode After Maintenance

After Bitfinex maintenance is completed, it will be restarted in view-only mode. That means that you will not be able to open new positions but only to log into your account and check your data. Users will also have an opportunity to cancel orders before the trading process starts.

The process of maintenance implies that Bitfinex is dedicated to safeguarding the effectiveness and credibility of its platform. The management tactfully ensured that all performance-determining obstacles were cautiously identified and appropriately addressed for a precisely uninterrupted trading platform.

Bitfinex Updates Users on Service Restoration Progress

Bitfinex has largely informed its users of the developments regarding the normal service revert journey and the timelines expected to allow trading extensions. The platform, through its management, then extended its appreciations to its users for the immense cooperation and corporation throughout the temporary period of suspension.

Being a distinguished digital asset trading platform, Bitfinex is committed to providing the most secure and dependable service. Therefore, the pause was essential in examining and consequently adjusting any performance challenges that undermined this satisfaction.

Ultimately, the maintenance process of Bitfinex is in its final stages and nearing a successful completion result. The users can expect a prompt return to their usual trading activities in a secure and safe trading environment. The status page of Bitfinex now says that the maintenance has been completed.

In a whirlwind of crypto market activity, one trader has emerged with staggering gains, amassing over $3 million as the price of Brett (BRETT) experienced a meteoric rise of 60%. The news broke when Lookonchain, a prominent cryptocurrency analytics platform, tweeted details of the extraordinary transaction.

According to Lookonchain’s tweet, two wallets, identified as “0x1f72” and “0x8996,” achieved an astonishing return on investment, generating 890.6 *ETH*, equivalent to $3.14 million, with an initial investment of just 0.034 Ether, or $102. This remarkable gain translates to a staggering 30,830x increase in value. The wallets purchased a total of 172.56 million Brett tokens and subsequently sold 122.74 million BRETT for an impressive profit.

2 wallets whitelisted by #Brett Deployer made 890.6 $ETH ($3.14M) with only 0.034 $ETH($102), a gain of 30,830x!What an amazing gain!Wallets"0x1f72" and "0x8996" spent 0.034 $ETH($102) to buy 172.56M $BRETT.Then sold 122.74M $BRETT for 890.65 $ETH($3.14M) on-chain via… pic.twitter.com/a15jKD8UpQ

— Lookonchain (@lookonchain) April 28, 2024

The transactions were conducted on-chain, spanning multiple wallets and transactions. What makes this feat even more intriguing is the fact that both “0x1f72” and “0x8996” wallets are whitelisted by Brett Deployer, as confirmed by the transaction hash provided in Lookonchain’s tweet. This whitelist feature ensures a level of credibility and trust within the Brett ecosystem, indicating the legitimacy of the transactions.

DeFi expert Shady weighed in on the development, revealing that a total of 139 addresses are whitelisted within the Brett ecosystem. Among these addresses, “0x1f72” and “0x8996” stand out as the most profitable, further highlighting the significance of their recent trading activity.

The Meme Coin Craze

Brett, described as a meme coin, operates on the Base Chain platform. At the time of this remarkable transaction, Brett was trading at $0.04718, marking a substantial increase of 61.40% within the past 24 hours alone. The trading volume of Brett also witnessed a significant surge, rising by 73.17% and currently standing at an impressive $115,447,345.

The unprecedented success of the trader behind the “0x1f72” and “0x8996” wallets serves as a testament to the volatility and potential profitability of crypto trading. As the crypto market continues to captivate investors with its rapid fluctuations and lucrative opportunities, stories like this underscore the immense fortunes that can be made in the blink of an eye. However, they also underscore the inherent risks associated with such ventures, reminding participants to exercise caution and diligence in their investment strategies.

Today’s market session saw bulls take over as seen from the global market cap increase. The total cap stood at $2.37T as of press time, representing a 1.8% increase over the last 24 hours, while the trading volume dropped by 10% to stand at $53.27B as of press time.

Bitcoin Price Review

Bitcoin (BTC) is recovering as it registers a slight price increase. In-depth analysis shows that the Bollinger Bands are contracting, suggesting a decrease in volatility. The Bitcoin price is currently hovering around the middle Bollinger Band, indicating a need for a strong trend direction.

On the other hand, Woodie’s CCI is hovering around the zero line, which typically indicates a lack of solid momentum in either direction. The Bitcoin price has recently tested the upper Bollinger Band and was rejected, suggesting resistance at that level. As of press time, the Bitcoin price stood at $63,635, representing a 0.5% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum (ETH) is also having a tremendous session today, as seen by its price movements. In-depth analysis shows that the alligator lines are intertwined and somewhat flat, indicating a ranging market without a clear trend. 

On the other hand, the RSI is around the 55 level, which is neutral territory, not indicating overbought or oversold conditions. The Ethereum price of ETH is moving sideways, respecting the Alligator indicator’s lines as neither support nor resistance is clear. As of press time, the Ethereum price stood at $3,308, representing a 4.8% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Ripple Price Review

Ripple (XRP) has also managed to bounce back, as evidenced by its slight price increase. Looking at an in-depth analysis of Ripple price charts, we see that the Ripple price oscillates around the cloud, suggesting a lack of a strong trend. It’s currently slightly above the cloud, hinting at a potential uptrend.

On the other hand, the Money Flow Index (MFI) is roughly in the middle at 44.53, indicating neither overbought nor oversold conditions. The Ripple price shows a mix of red and green candles, with no clear direction. As of press time, the Ripple stood at $0.5188, representing a 0.2% increase from its previous 24-hour price.

4-hour XRP/USD Chart | Source: TradingView Optimism Price Review

Optimism (OP) is another gainer in today’s session, as evidenced by its impressive price action. An in-depth analysis shows that the recent switch from red to green suggests a potential change to an uptrend.

On the other hand, the Optimism price shows higher lows and higher highs, indicating bullish behavior. As of press time, the Optimism price stood at $2.69, representing a 15.7% increase from its previous 24-hour price.

4-hour OP/USDT Chart | Source: TradingView Starknet Price Review

Starknet (STRK) is another gainer in today’s session, as evidenced by its price movements. Looking at in-depth analysis, we notice that the chart includes an Auto Pitchfork, showing a price within the lower half and indicating a downtrend or consolidation phase.

Looking at momentum indicators, we see that the volume oscillator is negative, which could indicate less buying pressure and a continuation of the downtrend or range-bound conditions. The Starknet price has bounced off the lower Pitchfork line, suggesting some support at this level. As of press time, the Starknet price stood at $1.29, representing a 10.6% increase from its previous 24-hour price.

4-hour STRK/USDT Chart | Source: TradingView

April has been quite an eventful month in the crypto space, as evidenced by the events over the period. From the Bitcoin halving event to Doge Day, many crypto coins saw massive price movements in reaction to the events. 

Core DAO Price Review

Core DAO (CORE) emerged as this month’s top gainer, evidenced by its impressive performance over the past 30 days. The Core DAO price has recorded an incredible 100% surge over the period, holding a spot price of $2.26 as of press time.

Core DAO’s pump over the month can be attributed to recent partnerships by the community, which has since seen more enthusiasm for the token. Just recently, Full Force launched its launchpad on CORE DAO to introduce an Engage to Invest Launchpad to the Core community. This adds to the long list of activities by the token’s community this month. 

Full Force is now officially a @Coredao_Org Launchpad!We're excited to launch on the Core blockchain, introducing our first-of-its-kind Engage to Invest Launchpad to the Core community.Interested in accessing premier Core DAO launches?Sign up at https://t.co/FIV6Sjs5TC… pic.twitter.com/OHNTBCefgD

— Full Force (@Fullforce_io) April 25, 2024

Neo Price Review

Neo (NEO) is also another top gainer for April. The token stole the spotlight several times this past month, having capped impressive runs. The Neo price has recorded a notable 10.04% surge over the period, holding a spot price of $18.16 as of press time.

NEO’s impressive run over the month can be attributed to its testnet launch among other announcements made over the period. On April 22, Neo and Beta launched their TestNet with features including consensus node election & reward distribution for governance. It also featured a Bridge from Neo X to Neo N3.  

Neo X Beta TestNet has been launched! New features include: Governance: Consensus node election & reward distribution. Bridge from Neo X to Neo N3. Read the article to learn more, including how $GAS will be used for governance on Neo X.https://t.co/A7EdBazIyN

— Neo Smart Economy (@Neo_Blockchain) April 22, 2024

Pendle Price Review

Pendle (PENDLE) is another top gainer this month, having also managed an impressive run over the past 30 days. The Pendle price has recorded a notable 29.01% surge over the period, holding a spot price of $5.55 as of press time.

Pendle’s surge over the period can be attributed to its new sUSDe pool (25 July 2024 maturity) with 20x Sats/day plus USDe staking yield. LPs in the soon-to-mature sUSDe pool can roll over their yield streak to earn more Sats at an even higher rate. This development has since seen increased attention on the token. 

Ethena x Pendle Season continues ~New sUSDe pool (25 July 2024 maturity) with 20x Sats/day 𝙥𝙡𝙪𝙨 USDe staking yield LPs in the soon-to-mature sUSDe pool (25 April 2024) now have the chance to rollover your yield streak to earn more Sats at an even higher rate pic.twitter.com/83lfBNtLlp

— Pendle (@pendle_fi) April 24, 2024

Ethena Price Review

Ethena (ENA) is another top gainer this month, evidenced by its impressive performance over the period. The Ethena price has recorded a notable 22.6% surge over the period, holding a spot price of $0.8552 as of press time.

Ethena’s pump over the period can be attributed to recent token listings on significant exchanges, which have stirred enthusiasm in its community. On April 25, the token announced a listing on Coinbase. 

@CoinbaseIntExch will add support for Aevo, Ethena, and Etherfi perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our AEVO-PERP, ENA-PERP, and ETHFI-PERP markets will begin on or after 9:30am UTC on 2 MAY 2024. pic.twitter.com/41tyomtH0I

— Coinbase International Exchange (@CoinbaseIntExch) April 25, 2024

Toncoin Price Review

Toncoin (TON) has also made it among the month’s top gainers amid several impressive runs in the last few days. The Toncoin price has recorded a notable 5.4% surge over the period, holding a spot price of $5.44 as of press time.

Toncoin’s surge over the month can be attributed to a recent partnership by the community. On April 26, the TON community announced they had partnered with KuCoin to launch the Community Incentives which included learning and earning opportunities and trading competitions campaign to celebrate $USDt’s launch on TON.

@kucoincom has teamed up with TON Foundation to launch the "Community Incentives + Learn & Earn + Trading Competition" campaign to celebrate $USDt’s launch on #TON! Complete tasks, learn, and earn your share of the $200K prize pool. How can you join? Let’s find out… pic.twitter.com/5hvn2cwqJN

— TON (@ton_blockchain) April 26, 2024

Just before Ethereum embarked on its surge, driven by the listing of the Franklin Templeton ETH ETF on the DTCC ETF list, it experienced a notable price uptick. This surge was foreshadowed by three substantial ETH withdrawals from Binance, executed by three fresh whales. These withdrawals, totaling 11,557 ETH, marked a significant event as it was the first time such a sizable amount had been withdrawn from the exchange. At the time of withdrawal, the total value amounted to approximately $36M.

Before the $ETH price went up due to the addition of Franklin Templeton ETH ETF to the DTCC #ETF list, 3 new whales withdrew 11,557 $ETH ($36M) from #Binance for the first time at ~$3,116.Now, these whales are making $1.76M (+5%) in unrealized profits.Is it just luck or are… pic.twitter.com/bIxA7qT0SD

— Spot On Chain (@spotonchain) April 28, 2024

Ethereum Whales Gain $1.76M Profit After Binance Withdrawal

After the withdrawal, the value of Ethereum appreciated, and the new whales are now in possession of unrealized profits amounting to $1.76 million, or a gain of 5%. This information is sourced from Spot on Chain, a platform that tracks on-chain information and offers a concise and clear view of access and whale decisions.

The withdrawal of the over 11,000 ETH from Binance in this case could trigger an increased interest by investors and commentators on the movement of the crypto amounts by the whales.

Whales’ Timely Ethereum Withdrawals Precede Price Surge and Unrealized Profits

The timing of these withdrawals aligned with the inclusion of the Franklin Templeton ETH ETF into the DTCC ETF list, giving an idea that the whales in question could be expecting an Ethereum price surge. In this case, the ETF listing news could have acted as a buying trigger, leading to increased demand.

Consequently, due to the subsequent surge of Ethereum’s price following the news about the ETF, these whales are now holding considerable unrealized profits. The example with these whales and the profits they made, therefore, reaffirm the Ethereum’s dynamic nature of the cryptocurrency market and the ability for considerable profits for smart investors. Monitoring whale activity and trends can help investors make informed decisions on how to enter the cryptocurrency space.

This week has also been an eventful one for crypto, as evidenced by price movements of different coins in the space. With the halving event recently, a couple of coins reacted positively while quite a number also responded negatively to the event. 

Pepe Price Review

Pepe (PEPE) is this week’s top gainer, as seen from its price movements over the past seven days. As of press time, Pepe, trading at $0.000007383, had seen a 21% pump from its previous seven-day price, as its market cap stood at $3.1B during the same period.

Pepe’s recent surge can be attributed to recent events in the community at the beginning of the week. On April 23, Coinbase announced that their 1000PEPE-PERP market was in full-trading mode on Coinbase International Exchange and Coinbase Advanced. This event has since sparked interest in the meme coin, which has caused a rise this week.

Our 1000PEPE-PERP market is now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. pic.twitter.com/hO32wARVFu

— Coinbase International Exchange (@CoinbaseIntExch) April 23, 2024

Bonk Price Review

Bonk (BONK) emerges as this week’s second top gainer as meme coins steal the spotlight. As of press time, Bonk, trading at $0.00002518, had seen an 18% pump from its previous seven-day price, as its market cap stood at $1.6B during the same period.

Bonk’s price surge this week can be attributed to a couple of events that happened over the week involving Bonk that might have stirred an interest in the meme coin. Earlier this week, Bonk donated $12,193 to animal nonprofits in March ahead of the fashion show scheduled over the past week.

Shoutout to @bonk_inu & @BONKForPaws for donating $12,193 to animal nonprofits in March!Don't miss their fashion shows in Hong Kong (May) & London (July), where all proceeds will be matched & donated to causes supported by @TheGivingBlock. https://t.co/wXg8ItALVT

— The Giving Block (@TheGivingBlock) April 25, 2024

Hedera Price Review

Hedera (HBAR) is another gainer in today’s session, posting some remarkable gains. At the time of writing, Hedera, trading at $0.1041, had seen a 14.9% pump from its previous seven-day price, as its market cap stood at $3.7B during the same period.

This week, the glorious pump on the Hedera price can be attributed to its recent announcements, which might have stirred some enthusiasm in the token’s community. In collaboration with TheBlockFoundation, Hedera announced the launch of an Educational Learning Briefing Series aimed at educating the market on April 26, guiding effective policy, empowering institutions exploring blockchain, and advancing responsible innovation within web3.

In collaboration with @TheBlockFound, #Hedera is excited to announce the launch of an Educational Learning Briefing Series aimed at educating the market, guiding effective policy, empowering institutions exploring #blockchain, and advancing responsible innovation within #web3.… https://t.co/jFyxFHBMDV

— Hedera (@hedera) April 26, 2024

NEAR Protocol Price Review

NEAR Protocol (NEAR) is also among the top gainers in today’s session, as evidenced by its price movements. At the time of writing, NEAR Protocol, trading at $7.25, had seen a 13.5% pump from its previous seven-day price, as its market cap stood at $3.7B during the same period.

The recent pump over the seven days can be attributed to a recent partnership by the protocol that contributed some optimism to the token. On April 25, the NEAR Foundation announced a collaboration with LuloX, a pioneering Colombian fintech firm, and  Peersyst, to launch a stablecoin on NEAR to broaden economic perspectives within Web3 throughout LatAm.

The NEAR Foundation partners with LuloX, a pioneering Colombian fintech firm, and @Peersyst, to launch a stablecoin on NEAR to broaden economic perspectives within Web3 throughout LatAm.Get the full run down:https://t.co/XhLdJSYxe9 pic.twitter.com/FVfmjVJgWv

— NEAR Protocol (@NEARProtocol) April 25, 2024

Tron Price Review

Tron (TRX) is another gainer in this week’s session, boasting some notable gains over the period. At the time of writing, Tron, trading at $0.1213, had seen a 9% pump from its previous seven-day price, as its market cap stood at $10.6B during the same period.

Tron’s surge over the week can be attributed to the supply of stablecoins on Tron. According to data from Messari, the supply of stablecoins on TRON reached over $50B in Q1. Revenue was recorded at 7.

State of @trondao Q1 Key Update:Supply of stablecoins on TRON reached over $50B in Q1QoQ Metrics Revenue 7% Stablecoin market cap 8% Avg daily DEX volume 142% Read the full report https://t.co/UQJWFQCkd2 pic.twitter.com/vMm8YMaTEk

— Messari (@MessariCrypto) April 26, 2024

Today’s market session has seen bears retake control due to the drop in the global market cap. The total cap stood at 2.33T as of press time, representing a 1.12% decrease within the last 24 hours, and the trading volume stood at $52.09B, representing a 23% drop over the last 24 hours. 

Bitcoin Price Review

However, Bitcoin (BTC) has gained some in today’s session despite the general downtrend. The recent *BTC* price movement is toward the lower band, indicating potential support around that area. If the price consistently stays near or breaches the lower band, it could signal an oversold condition and a possible reversal if other factors align.

On the other hand, the Awesome Oscillator (AO) shows a series of red bars, indicating bearish momentum. The fact that the bars are below the zero line and increasing in length suggests that the bearish pressure is strong. As of press time, the Bitcoin price stood at $63,716, representing a 1.2% increase from its previous 24-hour price.

4-hour BTC/USD Chart | Source: TradingView Ethereum Price Review

Ethereum (ETH) is also a gainer in today’s session as evidenced by its price movements. Looking at the Alligator indicator, the lines seem intertwined with no clear direction, often indicating a range-bound market or the possibility of forming a trend. The recent candles are above all three lines, indicating a potential uptrend.

On the other hand, the RSI is around 71, which is in the overbought territory. This could indicate that a correction or consolidation may follow. As of press time, the *ETH* price stood at $3,111, representing a 6.3% increase from its previous 24-hour price.

4-hour ETH/USD Chart | Source: TradingView Optimism Price Review

Optimism (OP) is among the top gainers in today’s session, as seen in its price movements. In an in-depth analysis, we see that the Optimism price is above the Supertrend line, which is green and suggests a bullish trend.

On the other hand, the Money Flow Index (MFI) is quite high at around 77.63, indicating that the market might be overbought. As of press time, the Optimism price stood at $2.68, representing a 16.85% increase from its previous 24-hour price.

4-hour OP/USDT Chart | Source: TradingView Arweave Price Review

Arweave (AR) is also a top gainer in today’s session, as evidenced by its price movements. The Arweave price is above the cloud, which is green, indicating a bullish market. The recent candlesticks are above the conversion line (blue) and the baseline (red), further supporting the bullish signal.

On the other hand, Woodie’s CCI is above the zero line, which typically indicates bullish momentum. The red and green bars represent price momentum. As of press time, the Arweave price stood at $35.68, representing a 13.15% increase from its previous 24-hour price.

4-hour OP/USDT Chart | Source: TradingView Starknet Price Review

Starknet (STRK) is another gainer in today’s session as evidenced by the price movements. The Starknet price is within the pitchfork, which provides potential support and resistance levels. The recent price action is near the median line, which might act as support.

On the other hand, the Average Directional Index (ADX) is around 24, which suggests a weak to moderate trend strength. It is not high enough to tell a strong trend. As of press time, the Starknet price stood at $1.28, representing an 11% increase from its previous 24-hour price.

4-hour STRK/USDT Chart | Source: TradingView

Saakuru Labs, a high-speed EVM-compatible L2 blockchain, has initiated a collaboration. As per the platform it is partnering with Aethir, a platform that provides infrastructure for cloud computing, to advance blockchain gaming by using Distributed GPU Infrastructure. This partnership intends to significantly improve the gaming sector. For this, it focuses on unveiling the resilient cloud server of Aethir for developers on Saakuru.

Saakuru Labs Collaborate with Aethir to Enhance Blockchain Gaming Experience

To provide the details of the collaboration, the platform shared a blog post on Medium. The respective development will reportedly improve the user experience, development, and performance of the blockchain games on Saakuru’s ecosystem. While giving insights into the project, the platform disclosed the cooperation between the Saakuru Labs as well as the game developers.

The company added that both parties are building on Sakuru Protocol’s top to leverage the cutting-edge edge technology. The platform will reportedly benefit from its collaborator’s decentralized servers for cloud gaming. They boost the capabilities of the developers working within the ecosystem of Saakuru. As a result of this, the developers can host and develop more complicated and graphically comprehensive games.

With the use of the distributed graphical processing unit infrastructure of Aethir, the developers can deal with conventional hardware limitations. This enables the players to experience high-end gaming straight from their devices. In this respect, they will be able to bypass the individual device restrictions. The partnership specifically plays a crucial role in Saakuru’s further progress.

This move indicates Saakuru’s dedication to offering infrastructure for enormous blockchain games. These games feature super-fast transfers along with low latency. Hence, this combination contributes a lot to support concepts such as completely on-chain games. This enables real-time interactions and high performance which were formerly difficult to achieve because of technological limitations.

The Joint Endeavor Sets the Stage for More Cutting-Edge Developments in the Gaming Sector

The joint effort of both entities is likely going to set a unique standard concerning blockchain gaming. The respective infrastructure supports the present demands of complicated gaming projects. Apart from that, it also leads to further advancements that could revolutionize the gaming sector. The strategic collaboration denotes a landmark in the mission of Saakuru Labs to increase global audience, scalability, and accessibility for blockchain gaming.

Welcome to this week’s crypto news review by BlockchainReporter. This week presented us a mix of events with positive news regarding blockchain projects and concerning news from the regulators. In a bold move, Consensys, filed a lawsuit against the U.S. SEC regarding the regulation of Ethereum (ETH). This lawsuit aims to prevent Ethereum from being classified as a security. Meanwhile, PayPal has partnered with Energy Web and DMG Blockchain Solutions to address environmental concerns surrounding Bitcoin mining. Additionally, Changpeng Zhao, the founder of Binance crypto exchange, faces a potential three-year sentence, underscoring the U.S. government’s crackdown on crypto platforms. Floki and Alchemy Pay have joined forces to enable fiat-based purchases of $FLOKI , while Injective launched INJ 3.0 on the mainnet, enhancing token deflation. Keep reading for details of these highlights.

Consensys Challenges SEC’s Ethereum Regulation

Consensys, a key player in blockchain technology, has taken a bold step by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit is regarding the regulation of Ethereum (ETH). The lawsuit aims to prevent Ethereum from being classified as a security, asserting its role as a global computing firm rather than an investment vehicle.

This move comes amidst growing concerns in the cryptocurrency community about regulatory overreach by the SEC. Consensys argues that such classification could hinder innovation and jeopardize America’s leadership in blockchain technology. The lawsuit underscores the importance of defending Ethereum’s ecosystem and calls on others in the industry to oppose what it sees as overly aggressive regulatory actions by the SEC. Recently, the impression that SEC will reject Ethereum Spot ETFs applications is becoming strong.

PayPal Teams Up for Eco-Friendly Bitcoin Mining

PayPal has joined forces with Energy Web and DMG Blockchain Solutions to address the environmental concerns surrounding Bitcoin mining. Together, PayPal and the others aim to incentivize miners to adopt cleaner energy sources through cryptoeconomic incentives.

This collaborative effort introduces a reward system for miners operating sustainably. This will encourage broader adoption of eco-friendly practices. By certifying green miners and offering lower transaction fees, the initiative seeks to promote sustainability within the crypto industry. Moreover, it will help in optimizing existing networks like Bitcoin for a greener future.

Binance’s ChangPeng Zhao Faces Potential Three-Year Sentence in the US

Changpeng Zhao, Binance founder, could be sentenced to 3 years in prison following a recommendation from the U.S. Department of Justice (DOJ). The DOJ alleges Zhao’s involvement in multiple violations of federal sanctions and funds laundering regulations. Despite Zhao’s legal team arguing for no jail time, citing his acceptance of responsibility and hefty fines paid, the DOJ insists on a strict penalty to set a precedent.

Zhao’s legal battle began recently with a guilty plea last Nov for breaching Bank Secrecy Act. His defense proposes probation with home confinement in Abu Dhabi, highlighting the lack of precedent for incarceration in similar cases. They argue Zhao wasn’t directly aware of illicit activities on Binance’s platform, suggesting the scale doesn’t warrant prison. The case underscores the U.S. government’s crackdown on crypto platforms bypassing regulatory frameworks. Zhao has garnered community support, but his sentencing, deferred to April 30, prolongs uncertainty for him and the crypto market.

Floki and Alchemy Pay Join Forces for Fiat-Based $FLOKI Crypto Purchases

Floki, the utility-focused cryptocurrency inspired by meme culture, has partnered with Alchemy Pay to facilitate fiat purchases of its token, $FLOKI . Through Alchemy Pay’s On-Ramp Service, users from 170+ countries can seamlessly acquire $FLOKI using fiat currency.

The collaboration with Alchemy Pay simplifies cryptocurrency investment, eliminating complexities associated with fiat-to-crypto transactions. Alchemy Pay’s extensive fiat payment integrations ensure user safety and accessibility, aligning with Floki’s commitment to inclusivity and usability in the crypto space.

Injective Launches INJ 3.0 on Mainnet, Enhancing Token Deflation

Injective, a leading blockchain platform, has launched INJ 3.0 on the mainnet. This move aims to transform the $INJ crypto token into one of the most deflationary assets in the crypto sphere. The announcement was made via the company’s official account on X.

INJ 3.0 introduces a reduction in the INJ token supply over time, with the decline expected to occur at an accelerated pace. Injective expresses confidence in the project’s advancement, marking the beginning of an era focused on enhancing user experience. The tokenomics system of INJ 3.0 underwent community voting, resulting in authorized changes to the mechanism. According to DeFiLlama, Injective currently holds $62.7M in total value locked.

In conclusion, this week showcased a diverse range of developments across the cryptocurrency landscape. From Consensys’s bold move challenging SEC’s Ethereum regulation to PayPal’s partnership for eco-friendly Bitcoin mining, the industry continued to witness both innovative strides and regulatory challenges. The potential three-year sentence faced by Binance’s CZ underscores the ongoing scrutiny faced by crypto platforms, while partnerships like Floki and Alchemy Pay aim to simplify cryptocurrency investment. Additionally, Injective’s launch of INJ 3.0 on the mainnet marks a significant step towards enhancing token deflation. As the crypto ecosystem evolves, stay tuned for further updates and insights into the dynamic world of blockchain technology.

In the ever-evolving sphere of cryptocurrency, whispers of the next big opportunity for life-altering gains spread like wildfire. Amidst this enthusiasm, one crypto millionaire hints at the gateway to unprecedented wealth.

Their story might inspire you if you are unsure what crypto to buy.

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From Warehouse to Wealth: How Rob Became a Crypto Millionaire in Six Months

Meet Rob, a former supermarket warehouse manager turned crypto millionaire in just six months. At 35, he’s already retired, thanks to a risky $8,000 bet he made on Shiba Inu, the popular meme coin. Rob’s journey to riches began with a simple desire: to secure a better future for his partner and son.

Intrigued by the potential of cryptocurrencies, he stumbled upon Shiba Inu (SHIB) in August 2020 and dove into its 28-page white paper, finding himself captivated by its promise. “After reading that, I was hooked. I just believed the words,” he recounted. Slowly but surely, Rob invested $8,000, expecting modest growth. Yet, as the coin’s value surged in May, he watched in awe as his investment multiplied.

Checking his account hourly to confirm his gains were real, Rob reflected on his humble beginnings, noting, “I come from quite a poor background. I could never have even fantasized about having this much money.” But for Rob, this newfound wealth wasn’t just a dream—it was a tangible reality. Cashing out $500,000 of Shiba Inu, he deposited it into his bank account, only to see his earnings soar past $1 million as SHIB continued its upward trajectory. Whether or not this millionaire will venture into DTX Exchange, a token attracting investors in their droves remains to be seen. However, the father-son duo say they were happy with their earnings despite having cashed in too soon.

In other SHIB news, a crypto investor who acquired $7,850 worth of Shiba Inu coins shortly after its debut in 2020 recently ascended to billionaire status. Within 14 months, another trader amassed a staggering $5,414,700 million by purchasing approximately 70 billion Shiba coins in just one day, positioning Shiba Inu (SHIB) as a top crypto to buy.

However, amid these tales of prosperity, it’s crucial to recognize the inherent volatility and risk associated with cryptocurrencies. Unlike traditional investments, the unregulated nature of crypto leaves investors vulnerable without regulatory protection, heightening the stakes of financial loss.

The absence of a guaranteed liquidity pathway further compounds concerns, as evidenced by the plight of a trader who fell victim to a cryptocurrency scam, losing nearly $500,000. Similarly, an investor’s well-intentioned advice to their aunt to invest $200,000 in Shiba Inu resulted in substantial losses within 24 hours.

These cautionary tales serve as reminders of the unpredictable nature of the crypto market and the importance of exercising prudence and diligence when deciding what crypto to buy.

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Grayscale Investments, a prominent crypto asset management platform, has recently announced some job openings to add qualified candidates. On its X account, the platform open-handedly invited individuals who have the proper tech qualifications to be a part of Grayscale. The recent post on the platform revealed that the company is offering jobs in a variety of departments.

We're constantly seeking qualified candidates to join the Grayscale team! Browse available opportunities on our job board:https://t.co/J99Mf6gerM pic.twitter.com/Dt1olR2bRf

— Grayscale (@Grayscale) April 27, 2024

Grayscale Offers Exclusive Jobs for Well Qualified Personnel

On the official website of Grayscale, the company has mentioned all the currently available jobs. The recent jobs include 4 major job positions related to ETFs. These jobs include Director National accounts, Market Leader, Portfolio Consultant, and Senior Associate ETF Products. All these jobs are available in the Satmford office in the US.

Grayscale Investments operates as the biggest digital asset management company. With its diverse group of investment products, the platform enables exposure and access to the digital asset class. As per the company, it provides the respective access as well as exposure as a conventional security.

In this way, the platform does not pose any complications or difficulties to the users for the digital asset activities. As a result of this, the clients can leverage the direct storage, purchase, and safekeeping of digital assets. Hence, the respective facilities increase user confidence and the adoption of the platform’s services.

With the help of such services and products, the company has been maintaining its significant position within the market. It reportedly has a resilient track record of matchless user experience in comparison with the other fellow entities. The products that Grayscale provides work within the regulatory frameworks that are currently implemented. This brings a compliant and secure exposure for the whole class of investors.

The Jobs Expand beyond ETFs to Turn the platform into an All-Inclusive Hub

The job postings are not limited to ETFs. The company additionally requires a compliance analyst, an associate for internal controls, a paralegal expert, and an analyst for operations. Moreover, the other jobs take into account product manager, IT director, quant developer for digital assets, graphic designer, and field marketing manager. Meanwhile, ETF-related jobs include senior associate for ETF products, portfolio consultant, market leader, and director of national accounts.

The landscape of crypto wallets is evolving, with recent data from Santiment highlighting some intriguing trends amidst fluctuating market conditions. According to their latest analysis, the number of non-empty Bitcoin wallets continues to increase, suggesting a sustained or growing interest in the most dominant cryptocurrency, despite its price volatility. This rise contrasts with the trends observed in wallets for some altcoins, which appear to have plateaued following significant increases earlier in the year.

Bitcoin, often regarded as a digital gold standard in the cryptocurrency world, seems to be experiencing a silent yet steady growth in its user base. The resilience of Bitcoin wallet activity could be reflective of a deeper trust in its long-term value or a strategic positioning by investors aiming to capitalize on potential future upswings in its market price. This growing number of engaged users underscores Bitcoin’s unwavering appeal, even as the crypto market navigates through waves of uncertainty.

The total amount of non-empty #Bitcoin wallets are rapidly growing despite choppy prices. #Altcoin wallets for assets like #Dogecoin have flattened after enormous rises earlier this year. #Cardano is one of the few networks to see active wallets drop. https://t.co/itg9qMes7c pic.twitter.com/yrOlEQw3jy

— Santiment (@santimentfeed) April 27, 2024

Divergent Trends in Altcoin Wallet Activity

On the flip side of the crypto spectrum, altcoins such as Dogecoin have seen their wallet activities stabilize. After the dizzying heights reached by meme coins and various altcoins earlier in the year, which were fueled by viral trends and a general market euphoria, the normalization in wallet numbers could indicate a maturation of investor sentiment towards these assets. 

This stabilization might suggest that the initial surge in interest is being tempered by a more cautious approach from investors, wary of the volatility that often accompanies such assets.

Interestingly, Cardano (ADA) presents a unique case among its peers. Unlike Bitcoin and Dogecoin, the number of active Cardano wallets has declined. This drop could be linked to several factors, including market dynamics, investor sentiment shifts, or even developments within the Cardano network itself. 

Cardano has been known for its rigorous approach to development and potential scalability solutions, which could also play a role in the fluctuating number of active users as upgrades and new functionalities are implemented.

Implications for the Crypto Market

These differing trends across major cryptocurrencies highlight the diverse dynamics at play within the broader crypto market. For investors and market analysts, understanding these patterns is crucial for making informed decisions. 

The increase in Bitcoin wallets demonstrates a potential strengthening of foundational support for cryptocurrencies during uncertain times, while the fluctuations in altcoin activities could signal shifting market paradigms and investor strategies.

As the crypto environment continues to evolve, tools and analyses provided by platforms like Santiment are invaluable. They offer a granular look at the shifts in participant behavior and asset performance, essential for navigating the complex and often unpredictable cryptocurrency landscape. As we move forward, monitoring these trends will be pivotal in predicting the directions various digital assets might take and the overall market health.