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Updated April 22, 2024

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According to Foresight News, Udi Wertheimer, the advocate of OP_CAT and co-founder of Taproot Wizards, has announced that OP_CAT, also known as BIP-42, is expected to launch on the Bitcoin testnet Signet next Tuesday, April 30. This will allow developers to build OP_CAT applications using CatVM and conduct real-time testing on the official test network.

Signet is the name of the Bitcoin test network designed for developers to test their software. It operates without miners and does not require proof of work, creating a block every 10 minutes on average.

According to Foresight News, a vulnerability has been detected in the unverified Ember Sword NFT auction contract by Certik. The flaw has reportedly allowed the extraction of 60 WETH, equivalent to approximately $195,000, from 159 victims who approved the contract. Certik has urged users to withdraw their approval for the related contract on Polygon.

According to PANews, James Fickel, the founder of Amaranth Foundation, has reportedly invested 10 million USDC to purchase 3042.8 ETH at an average price of $3,286. This transaction occurred 40 minutes prior to the report. In addition to this, Fickel borrowed 20 WBTC from Aave, a decentralized finance protocol. It is anticipated that he will continue to sell the borrowed WBTC in exchange for ETH, thereby increasing his holdings in ETH/BTC.

Since the beginning of this year, Fickel has borrowed a total of 2,301 WBTC, equivalent to $145M, from Aave and then sold it to acquire 41,944 ETH. The cost of the ETH/BTC exchange rate was approximately 0.055. Since yesterday, the ETH/BTC exchange rate has rebounded from 0.049 to 0.052. This suggests that Fickel's strategy may be to leverage the fluctuating exchange rate to increase his ETH holdings.

On Apr 28, 2024, 02:54 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 64,000 USDT benchmark and is now trading at 64,027.171875 USDT, with a 1.68% increase in 24 hours.

On Apr 28, 2024, 02:52 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,300 USDT benchmark and is now trading at 3,312.870117 USDT, with a 6.17% increase in 24 hours.

According to Foresight News, the DODO community has voted in favor of Proposal DIP 18. This proposal involves the migration of 200 million DODO to DODOchain and the redirection of future protocol revenues to the treasury.

Previously, DODO announced the launch of the Layer 3 network, DODOChain. This network is supported by Arbitrum, EigenLayer, and AltLayer, and its testnet is already live. The successful vote on Proposal DIP 18 marks a significant step in the development and expansion of the DODO ecosystem.

According to Foresight News, recent data from Etherscan indicates that the current gas fee on the Ethereum network has dropped to 5 gwei. This is a significant development for users of the Ethereum network, as lower gas fees can lead to increased usage and transactions on the platform. The gas fee is a critical component of the Ethereum network, affecting the speed and cost of transactions. The reduction in gas fees could potentially stimulate more activity on the Ethereum network, benefiting both users and developers alike.

According to PANews, Morpheus, a decentralized computing power market built on Arbitrum, announced that its MOR token will be available for collection on Arbitrum from May 8. Morpheus aims to assist users in creating proxy AIs based on large language models, which can then invoke smart contracts. The genesis day of the MOR token was February 8. The token began to accumulate from this date, but it was not transferable within the first 90 days. This development marks a significant step in the evolution of decentralized computing power markets and the use of AI in blockchain technology.

According to PANews, Dominic Williams, the founder of Dfinity Foundation, recently made sharp comments about the current state of the cryptocurrency and blockchain industry. Williams stated that 95% of blockchain projects are 'garbage' and pointed out that the industry seems to be more focused on narratives rather than substantive content. He believes that the current industry challenge is that people are investing in so-called 'cure-alls', choosing to invest because of marketing and getting caught up in confusing narratives.

Williams further explained that while blockchains like Bitcoin, Ethereum, Solana, and Avalanche perform well in handling transactions, he is skeptical about these platforms building a completely new, decentralized internet. He believes that only the Internet Computer Protocol (ICP) is the real 'third generation' blockchain, capable of effectively solving scalability issues and supporting the construction of fully on-chain network interactions, such as on-chain social networks.

According to BlockBeats, the ETH/BTC exchange rate experienced a notable increase on April 28. The rate touched 0.05165 in the early morning and is currently reported at 0.05123. The 24-hour increase reached 4.21%, while the weekly increase hit 6.77%. This significant rise in the exchange rate indicates a strong performance for Ethereum against Bitcoin. However, it's important to note that the cryptocurrency market is highly volatile and subject to rapid changes. Investors are advised to keep a close eye on market trends and make informed decisions.

On Apr 28, 2024, 01:10 AM(UTC). According to Binance Market Data, BNB has crossed the 600 USDT benchmark and is now trading at 600 USDT, with a 1.18% increase in 24 hours.

According to PANews, zkSNACKs, the development company behind the privacy-enhanced Bitcoin wallet Wasabi Wallet, has announced an indefinite ban on its products for users in the United States. This decision is likely triggered by the arrest of the founder of Samourai Wallet earlier this week.

As per the company's announcement, the ban will be enforced through the use of an IP address firewall, preventing users from the US and related regions from accessing its website, downloading, and using the Wasabi Wallet, as well as any related products and services, including API and RPC interfaces. The company cited 'recent statements issued by US authorities' as the reason for this decision.

According to PANews, Uniswap founder Hayden Adams has expressed his views on Twitter regarding the taxation of unrealized gains. He suggested that if such taxation is implemented, they should compensate for the 'Impermanent Loss' of Uniswap LP. This statement is believed to be a response to the Wells Notice issued by the U.S. Securities and Exchange Commission (SEC) to Uniswap Labs.

Previously, the SEC had issued a Wells Notice to Uniswap Labs. In response, Adams expressed neither surprise nor fear, but rather anger and disappointment, and is prepared to fight back. He firmly believes that the products provided by Uniswap are legal and that his work stands on the right side of history.

According to CryptoPotato, SlowMist, in partnership with imToken, has discovered a novel cryptocurrency scam that exploits users in physical offline transactions, with USDT being the preferred payment method. The fraudulent scheme manipulates Ethereum node Remote Procedure Calls (RPC) to swindle unsuspecting victims.

Initially, the scammer convinces the target to download the legitimate imToken wallet and builds trust by transferring 1 USDT and a small amount of ETH as bait. The scammer then instructs the user to redirect their ETH RPC URL to a node under their control, specifically using the modified node. Through this manipulation, the scammer falsifies the user's USDT balance to appear as if funds have been deposited. However, when the user tries to transfer the USDT, they realize they've been duped. By this point, the scammer has vanished, as per SlowMist's findings.

The blockchain security firm also disclosed that Tenderly's Fork feature can not only alter balances but also contract information, posing a more significant threat to users. Therefore, understanding RPC is essential in grasping the workings of such scams, SlowMist noted. RPC acts as a conduit to interact with blockchain networks, allowing users to perform various actions like checking balances and creating transactions. Wallets typically connect to secure nodes by default, but linking to untrusted nodes can result in malicious modifications, leading to financial losses.

Further analysis by MistTrack revealed the extent of the scam's operations. An investigation into a known victim's wallet address shows that they received 1 USDT and 0.002 ETH from another address. This address has transferred 1 USDT to multiple addresses, indicating repeated fraudulent activities. These addresses are flagged as 'Pig Butchering Scammers' by MistTrack, and are linked to various trading platforms, and implicated in multiple scam incidents.

According to CryptoPotato, Ripple's price is still on a downward trend with no signs of recovery yet. The market is currently in a critical area, and for any change to occur, the price should start recovering soon. In the USDT paired chart, XRP has significantly fallen below the 200-day moving average around the $0.6 level and has not yet risen above it. However, the $0.5 support zone has managed to hold the price, with the market consolidating above this level. If the price breaks above the 200-day moving average, it could signal the start of a bullish trend. Conversely, a breakdown of the $0.5 level could exacerbate the bearish trend, potentially leading to a significant market decline.

In the BTC paired chart, the price has been making lower highs and lows since the start of 2024. However, the 800 SAT support zone has recently managed to hold the cryptocurrency, preventing further correction. The Relative Strength Index (RSI) is currently below 50%, but is showing signs of recovery. If the RSI rises above 50%, the market could potentially start rebounding towards the 1200 SAT. It is important for investors to conduct their own research before making any investment decisions and use the provided information at their own risk.

On Apr 27, 2024, 17:40 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 63,000 USDT benchmark and is now trading at 63,149.988281 USDT, with a 1.19% decrease in 24 hours.

According to CryptoPotato, the meme coin sector has seen substantial growth, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading the pack. Newer tokens such as dogwifhat (WIF) and Pepe (PEPE) are also gaining traction due to strong community support. Analysts are optimistic about the potential of this sector, especially after the Bitcoin halving, which has historically triggered market surges.

The meme coin sector has made significant progress during the latest bull cycle, with its market capitalization briefly surpassing $60 billion. This growth is largely due to popular assets like DOGE and SHIB, which remain trending among investors. Newer tokens, including WIF, Bonk Inu (BONK), and PEPE, are also gaining popularity. Currently, DOGE and SHIB account for over 60% of the sector's market capitalization, and they are the only meme coins to have ever crossed the $10 billion mark.

The AI-powered chatbot, ChatGPT, was asked whether another meme coin could reach this milestone. It estimated that success could be driven by strong community support, a viral social media presence, and increased investor interest. WIF and PEPE are some of the meme coins that have gained a solid supporter base. The dogwifhat community recently raised $650,000 to put the token's logo on the Sphere, a famous entertainment arena in Las Vegas, Nevada. The token also received backing from prominent industry participants, such as Arthur Hayes.

A study conducted a few months ago estimated that Shiba Inu has the strongest community base among meme coins, with DOGE and PEPE rounding out the top three. The frog-themed digital asset currently has a market cap of over $3 billion, making it a major contender among the leading ones.

Analysts remain optimistic that the meme coin sector will continue to flourish during the bull cycle. One contributing factor could be the recent Bitcoin halving, which has historically been a precursor for a major resurgence in the entire cryptocurrency industry. Shiba Inu, in particular, is poised for a price ascent in the near future due to its aggressive burning mechanism, the development of the layer-2 scaling solution Shibarium, and the predominantly negative SHIB exchange netflow on a weekly scale.

According to Blockworks, two more protocols related to restaking have announced funding rounds this week, indicating venture investors' growing interest in EigenLayer's expanding ecosystem. Aligned Layer has secured a $20 million Series A funding round led by Hack VC, with participation from several smaller crypto-focused venture firms. The protocol plans to launch as an actively validated service (AVS) on EigenLayer. AVSs are products secured through EigenLayer's restaking, a method that allows staked ether to be utilized beyond securing Ethereum, thereby creating an additional layer of usage for the capital that ensures Ethereum's security.

AVSs can be any blockchain-related protocol or service. The few that are already live on EigenLayer's mainnet include data availability, rollup creation, and oracle data. However, these AVSs have struggled to generate profits as EigenLayer has not yet enabled in-protocol payments. Aligned Layer is an EigenLayer-secured protocol for verifying zero-knowledge proofs, cryptographic proofs that validate a statement's truth without revealing the statement's content. Aligned Layer aims to reduce the cost of verifying zero-knowledge proofs.

In other funding news, Othentic announced $4 million in seed funding led by Finality and Breyer Capital. Othentic provides a software stack that assists AVS developers in creating a distributed system based on EigenLayer's shared security model. According to Nader Dabit, the director of developer relations at Eigen Labs, Othentic 'simplifies AVS development on EigenLayer with pre-built components, reduced engineering overhead, and a faster time to market.'

This week's largest fundraise was secured by Movement Labs, which raised a $38 million Series A led by Polychain. Movement Labs is launching a layer-2 named Movement, which utilizes the Move software stack developed by Facebook as part of its unsuccessful blockchain initiative. The programming language Move is currently used by layer-1 blockchains Aptos and Sui. Movement will be Ethereum Virtual Machine (EVM) compatible, meaning programs written for Ethereum can be deployed on the layer-2. Interestingly, Movement Labs is run by young founders aged 21 and 24.

According to BlockBeats, the Depository Trust & Clearing Corporation (DTCC) has announced that it will no longer accept Bitcoin or any other cryptocurrencies as collateral for ETFs or other investment tools from April 30. The assets will be considered as 100% write-off, implying that market makers will need to provide more margin. This information was analyzed by the cryptocurrency research institution, 10x Research.

10x Research has pointed out that the price of Bitcoin is creating lower highs, and a new downward trend seems to be forming. In this context, the statement by DTCC could have a significant impact. On April 4, 10x Research had analyzed a 'self-reinforcing Bitcoin mechanism' framework, suggesting the risk of ETF capital inflows reversing to some extent.