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Updated April 22, 2024

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According to BlockBeats, Phoenix Wallet, a Bitcoin wallet, has announced that it will be removed from US app stores on May 3, 2024. Users in the United States are advised to empty their wallets. Jack Dorsey, the founder of Twitter, has expressed his opinion on this matter, stating that he feels this move is completely unnecessary.

Phoenix Wallet's decision to withdraw from the US market has raised questions and concerns among its users. The company has yet to provide a detailed explanation for this move, leaving many to speculate on the reasons behind it. Jack Dorsey's comment on the matter indicates a level of disagreement with Phoenix Wallet's decision, although he did not elaborate on his stance.

As the date of removal approaches, US-based users of Phoenix Wallet are urged to take necessary actions to secure their assets. The company's announcement has not specified whether there will be any provisions for users to transfer their assets to another platform or if they will need to liquidate their holdings. This situation underscores the importance of users staying informed about the status of their digital wallets and taking appropriate measures to protect their investments.

According to PANews, the US Department of Homeland Security (DHS) has announced the formation of an Artificial Intelligence Security and Assurance Committee. The committee will provide advice to the DHS on the safe and responsible development and deployment of AI technology within the US's critical infrastructure. The committee comprises 22 representatives from software and hardware companies, critical infrastructure operators, public officials, civil rights communities, and academia. They are tasked with developing recommendations to help stakeholders in critical infrastructure, such as transportation service providers, pipeline and power grid operators, and internet service providers, use AI technology more responsibly.

The establishment of the committee is one of the key actions in response to the rapid development of AI technology. It aims to ensure the safe and responsible use of AI technology through cross-departmental cooperation, while protecting the country's critical infrastructure from potential threats.

The initial members of the committee include Sam Altman, CEO of OpenAI; Dario Amodei, CEO and co-founder of Anthropic; Ed Bastian, CEO of Delta Airlines; Dr. Rumman Chowdhury, CEO of Humane Intelligence; Alexandra Reeve Gives, President and CEO of the Center for Democracy and Technology; Bruce Harrell, Mayor of Seattle, Washington and Chair of the US Conference of Mayors Technology and Innovation Committee; Damon Hewitt, Chair and Executive Director of the Lawyers' Committee for Civil Rights Under Law; Vicki Hollub, President and CEO of Occidental Petroleum; Jensen Huang, President and CEO of NVIDIA; Arvind Krishna, Chairman and CEO of IBM; Dr. Fei-Fei Li, Co-Director of the Stanford University Human-Centered AI Institute; Wes Moore, Governor of Maryland; Satya Nadella, Chairman and CEO of Microsoft; Shantanu Narayen, Chairman and CEO of Adobe; Sundar Pichai, CEO of Alphabet; Dr. Arati Prabhakar, Presidential Science Advisor and Director of the White House Office of Science and Technology Policy; Chuck Robbins, Chairman and CEO of Cisco and Chair of the Business Roundtable; Adam Selipsky, CEO of Amazon Web Services; Dr. Lisa Su, Chairman and CEO of AMD; Dr. Nicol Turner Lee, Senior Fellow and Director of the Center for Technology Innovation at the Brookings Institution; Kathy Warden, Chairman, CEO and President of Northrop Grumman; and Maya Wiley, Chair and CEO of the Leadership Conference on Civil and Human Rights.

According to Foresight News, Ondo, under the RWA agreement, has announced that its yield stablecoin, USDY, has surpassed a total value locked (TVL) of $200 million. This significant milestone indicates the growing acceptance and usage of the USDY stablecoin in the digital currency market. The RWA agreement and Ondo's efforts have played a crucial role in achieving this feat. Further details about the future plans and strategies of Ondo regarding the USDY stablecoin were not disclosed in the announcement.

According to BlockBeats, Citibank predicts that the Federal Reserve will cut interest rates in July 2024. The bank forecasts a total reduction of 100 basis points throughout the year. This move is expected to have significant implications for the economy, potentially stimulating growth and investment. However, it could also lead to inflationary pressures if not managed carefully. The Federal Reserve's decisions on interest rates are closely watched by investors and economists worldwide, as they can significantly impact global financial markets. The anticipated rate cut in July 2024 is therefore of great interest to many in the financial sector. Further details on the Federal Reserve's plans will be eagerly awaited.

According to CryptoPotato, Polkadot's price has been experiencing a prolonged corrective consolidation around the crucial $6.5 support level. The price has slightly retraced towards the 100-day moving average, indicating a continuation of this consolidation phase. A comprehensive analysis of the daily chart reveals a swift rebound near the pivotal $6.5 support level, with a minor bullish retracement suggesting a lack of significant market activity and momentum. This indicates a cooling down in the futures market.

The price remains within a crucial range, bordered by the significant resistance zone of the 100-day moving average at $8.1, aligned with the 0.382 Fibonacci retracement level ($8), and the significant support region of $6.5. These levels serve as crucial reference points for Polkadot in the short term, and a breakout from this critical range could result in a substantial market movement.

Upon closer examination of the 4-hour timeframe, there is evidence of bullish corrective retracements towards the critical resistance region of the 0.5 ($7.4) and 0.618 ($7.8) Fibonacci levels. This has led to the formation of an ascending wedge, a recognized bearish continuation pattern. However, the Polkadot price has recently faced rejection from the 0.5 Fib level and experienced a decline, breaking below the lower boundary of the pattern. This suggests the potential for a continued downtrend, with the price aiming for the crucial support region of $6.

The intensity of long and short positions in the perpetual market, along with the potential for significant liquidations, significantly impacts market volatility. Open Interest, a crucial metric measuring the number of open perpetual futures contracts across cryptocurrency exchanges, provides valuable insights into market sentiment. With Polkadot’s recent downtrend, it’s notable that the Open Interest metric has mirrored this trajectory, experiencing a notable decline. This synchronization suggests a reduction in activity within the futures market. Consequently, as the price is currently testing a critical support region, the market seems primed for the resurgence of long positions, potentially signaling a fresh and decisive market movement.

According to Foresight News, the cross-chain DeFi protocol, Entangle, has launched its mainnet. The protocol is currently initiating infrastructure on the mainnet to integrate innovative products with protocol-independent solutions. This is being done with the aim of establishing a fluid, yield-optimized, cross-chain network. The launch of the mainnet is a significant step in the development of the protocol, as it allows for the integration of various solutions that are independent of the protocol. This will enable the creation of a network that is fluid and optimized for yield across all chains. The launch of the mainnet is a significant milestone for Entangle, marking a new phase in its development.

According to Foresight News, Dymension, a modular settlement layer of the Cosmos ecosystem, has announced the integration of eIBC (Hosted IBC) into its mainnet on the X platform. This move is designed to support the bridging of RollApps liquidity. eIBC is a novel protocol based on IBC that enables near-instantaneous Rollup withdrawals. This development marks a significant step forward in enhancing the functionality and efficiency of the platform.

According to PANews, the Hong Kong Financial Management Bureau has launched the FiNETech series. This initiative brings together approximately 100 banks, securities companies, insurance companies, and technology enterprises. The aim is to jointly explore advanced cooperation arrangements in wealth technology, insurance technology, green technology, artificial intelligence, and distributed ledger technology.

Over the next six to twelve months, the Bureau plans to expand its cooperation in the field of financial technology through the FiNETech series of events. This will include continued collaboration with various co-organizing institutions, industry associations, and market experts. The focus will be on the development of artificial intelligence (including generative artificial intelligence), distributed ledger technology, and green technology.

The Bureau also aims to make substantial progress in the adoption of financial technology by banks and other financial institutions. This is part of the broader goal of the FiNETech series to foster innovation and collaboration in the financial technology sector.

On Apr 26, 2024, 13:13 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 64,000 USDT and is now trading at 63,957.988281 USDT, with a narrowed 1.32% increase in 24 hours.

According to BlockBeats, the US core Personal Consumption Expenditures (PCE) price index annual rate for March was reported at 2.8%. This figure exceeded the anticipated rate of 2.7%, matching the previous value of 2.8%. The PCE index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The core PCE index excludes volatile food and energy prices to provide a clearer picture of underlying inflation trends. The data is closely watched by the Federal Reserve as it sets its inflation target based on the core PCE price index. The higher than expected rate indicates a potential increase in inflation, which could influence the Federal Reserve's future monetary policy decisions.

According to U.Today, Forbes recently referred to several high-profile cryptocurrencies, including XRP and ADA, as 'crypto zombies' in a research article. This term is used to describe layer-1 blockchains that have a significant market valuation but limited utility beyond speculative trading.

Ripple Labs, the company behind XRP, was highlighted as a prime example of a 'crypto zombie'. Despite the active daily trading volume of XRP, Forbes suggests that its use does not extend beyond market speculation. Ethereum Classic (ETC) was also included in the list due to its high market value and relatively low network fees. ETC was created in 2016 as a result of a hard fork from the DAO incident and is considered a continuation of the original Ethereum blockchain.

Forbes also expressed skepticism about Algorand, previously hailed as an 'Ethereum killer' for its high transaction capacity. The publication cited low income from blockchain transaction fees as evidence of its lack of utility.

The inclusion of Cardano in the list was seen as a surprise. Forbes' article suggests that the project trades on the popularity of its founder, Charles Hoskinson, and raises questions about his educational claims. However, Cardano supporters argue that its ecosystem is active and thriving, providing value and utility beyond mere speculation. They cite the network’s inflows and ongoing development activities as proof of its vitality and relevance.

While Forbes' statements may seem harsh to those who identify with the aforementioned communities, it's important to note that the views and opinions of the researcher may not always align with reality and are only part of a personal perspective. Some of the mentioned projects indeed have issues with utility, while others represent vibrant ecosystems with strong cases.

According to U.Today, Samson Mow, CEO of Bitcoin adoption-focused company Jan3, recently engaged in a discussion about Bitcoin privacy and the identity of its pseudonymous creator, Satoshi Nakamoto. Mow quoted Nakamoto's statement from the Bitcoin white paper, which suggested an alternative method of maintaining privacy compared to traditional banking models. Nakamoto proposed keeping private keys anonymous, allowing transactions to be visible but not linked to any specific individual.

Mow's comments sparked a response from Ledger CTO Charles Guillemet, who argued that 'Pseudonymity is a weak form of privacy.' Mow retorted by challenging Guillemet to reveal Nakamoto's real identity.

In a separate conversation, Mow predicted the emergence of 'Omega Bitcoin candles,' a term referring to large greed trading candles associated with high volatility. He believes that the recent Bitcoin halving, which reduced block rewards from 6.25 BTC to 3.125 BTC, will create a Bitcoin supply shock. This, coupled with the demand shock created by spot Bitcoin ETFs buying up BTC from the market, could lead to the appearance of Omega candles, potentially driving Bitcoin's value to the anticipated $1 million mark.

Following the halving, Bitcoin's value increased by nearly 10% to reach $67,000. However, it has since declined by 3.76%, with Bitcoin currently trading in the $64,400 range.

According to U.Today, renowned financial expert and Bitcoin investor, Robert Kiyosaki, has expressed his views on the current state of the U.S. economy. Kiyosaki, the author of the classic finance management book 'Rich Dad Poor Dad', stated that the U.S. economy is in a state of depression, defined as an economy experiencing subpar growth. He pointed out that while the economy may be growing, it is doing so below its potential.

Kiyosaki highlighted that the economy grew by 3.4% in the last quarter of 2023, but in the first quarter of 2024, it grew by less than half of that, at 1.6%. He believes that there will not be a soft landing for the U.S. economy, but remains optimistic as the economy continues to grow. He also urged his followers to disregard fake news.

In response to Kiyosaki's statement, members of various cryptocurrency communities shared their thoughts. Some suggested that the definition of a depression should be revised based on Kiyosaki's explanation, while others criticized the author. A majority of the comments were positive, with many praising Bitcoin and expressing gratitude for Kiyosaki's insights.

In addition to his views on the economy, Kiyosaki has also made predictions about Bitcoin. Earlier this year, he stated that he expected Bitcoin to reach $100,000 by September. He cited the Bitcoin halving event, which occurred in April, as a major driver for this anticipated price increase. Kiyosaki also revealed plans to purchase an additional 10 Bitcoins before the halving, in anticipation of a significant price rise.

According to Foresight News, Visa has launched a stablecoin on-chain analysis dashboard that can aggregate market data of stablecoins pegged to fiat currencies. The service uses filters to exclude information that does not reflect real user transactions. The technical partner for this project is Allium Labs, a company specializing in processing public blockchain data. This new tool will provide a comprehensive view of the stablecoin market, offering valuable insights into the transactions and trends within this growing sector of the cryptocurrency market. The collaboration with Allium Labs, known for their expertise in blockchain data, further enhances the reliability and accuracy of the data provided by the dashboard.

According to BlockBeats, the Bitcoin network has generated over 2129 BTC, equivalent to approximately 135 million USD, in fees within the first week of the Runes token standard launch. The Runes token standard, a new addition to the Bitcoin network, has shown significant financial activity since its introduction. This development indicates a strong start for the Runes token standard and suggests a positive reception within the Bitcoin network. Further details about the distribution and use of these fees remain undisclosed. The impact of this new token standard on the overall Bitcoin network will continue to be monitored in the coming weeks.

According to Foresight News, the cross-chain protocol Owlto has launched on the BTC ecosystem today at 19:00. The launch is accompanied by a week-long free event that includes seven networks: Merlin, B² Network, BEVM, MAP Protocol, Taproot chain, Bitlayer, and Core. Yesterday, the total number of transactions on the Bitcoin ecosystem's Layer 2 and other networks on Owlto Finance reached 1,549,313, ranking it first among all cross-chain protocols.

According to Foresight News, the Kamino Foundation has announced the launch of its KMNO token within the Solana ecosystem. The token is set to be released on April 30. The distribution of the token has been detailed, with 35% allocated to the community and donations, 10% to liquidity and treasury, 20% to core contributors, and the remaining 35% to principal advisors. The total supply of KMNO tokens will be 10 billion, with an initial circulation of 1 billion.

According to PANews, a wallet address active on the Solana blockchain has earned over $50.72 million in profits within just a week by executing 'sandwich attacks' on other users' transactions.

A 'sandwich attack' is a common manipulation strategy on decentralized finance (DeFi) platforms. In this strategy, the attacker quickly places transactions before and after the target transaction to influence the price and profit from it. This recent incident on the Solana blockchain highlights the potential risks and vulnerabilities associated with DeFi platforms.

The Solana blockchain, known for its high-speed and low-cost transactions, has been a popular choice for many users. However, this incident serves as a reminder of the need for users to be vigilant and aware of the potential risks involved in blockchain transactions. It also underscores the importance of implementing robust security measures to protect against such attacks.

According to Foresight News, NFA Labs, a decentralized hedge fund and decentralized autonomous organization, has recently partnered with investment fund and asset management company Quantix Capital. As part of the partnership, Quantix Capital has pledged to invest $10 million in NFA Labs to help develop its ecosystem. This collaboration signifies a significant step in the growth and development of NFA Labs, as the investment will provide the necessary funds to expand and enhance its operations. The partnership also highlights the increasing interest and investment in decentralized organizations and their potential to transform traditional financial systems. The investment from Quantix Capital will be used to further develop the ecosystem of NFA Labs, potentially leading to new innovations and advancements in the field of decentralized finance.