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Updated April 22, 2024

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According to PANews, data from Token Unlocks indicates that next week will see a significant one-time unlocking of tokens such as MEME, OP, DYDX, and ENA, with a total release value of approximately $400 million.

Optimism (OP) is set to unlock about 24.16 million tokens, representing 2.31% of the circulating supply, valued at approximately $56 million, at noon on April 29 Beijing time. Sui (SUI) will unlock about 4 million tokens, accounting for 0.31% of the circulating supply, valued at approximately $4.68 million, at 8 a.m. on April 30 Beijing time.

Echelon Prime (PRIME) will unlock about 1.66 million tokens, representing 4.43% of the circulating supply, valued at approximately $30 million, at 8 a.m. on April 30 Beijing time. dydx (DYDX) will unlock about 33.33 million tokens, accounting for 10.72% of the circulating supply, valued at approximately $71 million, at 8 a.m. on May 1 Beijing time.

ZetaChain (ZETA) will unlock about 5.29 million tokens, representing 2.24% of the circulating supply, valued at approximately $6.2 million, at 8 a.m. on May 1 Beijing time. Manta Network (MANTA) will unlock about 1.87 million tokens, accounting for 0.75% of the circulating supply, valued at approximately $3.25 million, at 7:59 a.m. on May 1 Beijing time.

Acala (ACA) will unlock about 27.43 million tokens, representing 2.85% of the circulating supply, valued at approximately $3 million, at 3 p.m. on May 1 Beijing time. Tornado Cash (TORN) will unlock about 91,000 tokens, accounting for 2.41% of the circulating supply, valued at approximately $250,000, at 11:30 a.m. on May 1 Beijing time.

Ethena (ENA) will unlock about 33.33 million tokens, representing 3.76% of the circulating supply, valued at approximately $44 million, at 7 a.m. on May 2 Beijing time. Memecoin (MEME) will unlock about 53.1 billion tokens, accounting for 31.94% of the circulating supply, valued at approximately $150 million, at 3:30 p.m. on May 3 Beijing time.

Nym (NYM) will unlock about 45.63 million tokens, representing 6.36% of the circulating supply, valued at approximately $8 million, at 8 a.m. on May 3 Beijing time. Galxe (GAL) will unlock about 5.18 million tokens, accounting for 5.76% of the circulating supply, valued at approximately $23.5 million, at 8 a.m. on May 5 Beijing time.

Liquity (LQTY) will unlock about 657,000 tokens, representing 0.69% of the circulating supply, valued at approximately $710,000, at 8 a.m. on May 5 Beijing time. The data is accurate as of 9 p.m. on April 28 Beijing time.

According to BlockBeats, an Ethereum Foundation associated address, inactive for six years, transferred 2000 ETH to a new address, 0x9d2, two hours ago. The value of this transaction is approximately 6.56 million USD. The address received 2000 ETH from the Ethereum Foundation nine years ago, in September 2015, when the price of the coin was only 0.8917 USD. The value has since appreciated, resulting in a profit of 6.11 million USD. The address is likely owned by an early participant in Ethereum or the Foundation itself.

According to BlockBeats, data from Coinglass on April 28 reveals that the Grayscale Ethereum (ETH) Trust (ETHE) and Ethereum Classic (ETC) Trust are currently experiencing negative premium rates of 24.78% and 38.72% respectively. This is a significant increase from previous reports, which showed that the Grayscale ETHE negative premium rate had narrowed to 8.17% on March 9. The current negative premium rates indicate a decrease in demand for these trusts, which could potentially impact their market value. However, it is important to note that these rates are subject to change based on market conditions and investor sentiment.

According to PANews, Elon Musk recently announced on an undisclosed platform that Tesla will spend approximately $10 billion this year on joint training and inference of artificial intelligence, primarily for the automotive sector.

In related news, Musk's AI company, known as xAI, is nearing the completion of a $6 billion funding round, with participation from Sequoia Capital. The investment will further bolster Tesla's commitment to integrating advanced AI technologies into its automotive operations.

According to U.Today, Cardano (ADA), currently the 10th largest cryptocurrency by market capitalization, may be significantly undervalued, as suggested by a key metric known as the 'percentage of supply in profit'. This metric is determined by comparing the acquisition price of each unit of cryptocurrency against its current price, and then assessing what proportion of the supply is currently in profit. A high supply-to-profit ratio typically indicates that most holders bought the asset at lower prices.

These ratios can surge during bull markets, such as from October 2023 to March 2024, and a surge is often associated with overbought indicators. However, the supply-in-profit percentage indicator is most effective when used in conjunction with other metrics, like whale accumulation and MVRV. On-chain analytics firm Santiment recently shared the supply-in-profit percentages for major cryptocurrencies Bitcoin, Ethereum, XRP, Cardano, Dogecoin, and Chainlink as 89.9%, 84%, 77%, 51.9%, 76.7%, and 78.2%, respectively.

Santiment suggests monitoring cryptocurrencies with lower-end supply in profits, as they can often indicate undervaluation compared to the rest of the markets. This could apply to Cardano, which is showing a lower supply in percentage compared to other major cryptocurrencies. The supply-in-profit percentage presented suggests that 51.9% of circulating ADA is 'in profit.' This could indicate a potential price rebound for Cardano. At the time of writing, Cardano was down 3% in the last 24 hours to $0.453 and down 6.52% in the last seven days. Cardano is also significantly below its all-time high, down 85.38% from the ATH of $3.10 reached on Sept. 2, 2021.

Recent analysis from on-chain analytics firm IntoTheBlock indicates that ADA 'stands out' among other Layer 1 networks, with only 35% of holders in profit. Whether this is an opportunity or a warning sign remains to be seen.

According to U.Today, a recent analytics report indicates that Bitcoin, the leading cryptocurrency, has outperformed its top 10 rivals, including Dogecoin and Cardano's native PoS token ADA, in terms of wallet activity. The report reveals that Bitcoin whales and smaller investors have been more active recently compared to those of Dogecoin and Cardano.

On-chain data aggregator Santiment has released a report detailing the recent activity of wallet owners who hold Bitcoin, Dogecoin, and Cardano. The report states that the number of non-empty Bitcoin wallets has been growing rapidly, despite the high volatility leading to fluctuating prices. In contrast, leading altcoins such as Dogecoin and Cardano have seen different trends. Dogecoin wallets, which saw growth earlier this year, have now flattened their rising curve. Cardano's ADA, on the other hand, is one of the few networks to see a drop in active wallets.

Despite these findings, another on-chain data company, cryptocurrency analyst and trader Ali Martinez, using Santiment data, has reported a significant drop in Bitcoin whales' activity over the past two weeks. Martinez suggests that a notable increase in Bitcoin whale transactions could potentially boost the Bitcoin price from its current level of $62,964.

According to U.Today, despite the overall growth in the cryptocurrency market capitalization in 2024, several large-cap cryptocurrencies have experienced significant losses since the start of the year. Among the top 100 cryptocurrencies by market capitalization, 37 have seen a decline in their capitalization metrics year-to-date. Starknet (STRK), ORDI (ORDI), and MultiversX (EGLD) were the worst performers, with losses ranging between 40% and 50%.

STRK, the core native cryptocurrency of Starknet, an Ethereum L2, saw 50.33% of its value erased. Other second-layer solutions for Ethereum (ETH) also posted dramatic losses: Optimism's OP lost 38%, Arbitrum's ARB is 31.5% down, while Polygon (MATIC) registered a 27.6% dropdown. However, Chainlink's main token LINK and Internet Computer (ICP) showed resilience with sub-1% losses.

In contrast, the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), posted impressive gains. BTC increased by 48.9% and ETH by 36.4%. The total crypto market cap added 40% in 2024, driven by the long-anticipated approval of spot Bitcoin ETF in the U.S. This led to a new phase of growth in cryptocurrency prices, with the net valuation of cryptocurrency tokens rising from $1.773 billion to $2.467 billion. The metric peaked on March 13 at $2.891 billion.

Bitcoin (BTC) dominance, the ratio of the BTC market cap to the cumulative market cap of cryptocurrencies, was surging during the whole period. After adding over 6.2%, BTC.D exceeded a three-year high and peaked at 57% in mid-April, according to TradingView data.

According to U.Today, a notable decrease in Bitcoin whale activity has been observed since March 14 by renowned crypto analyst Ali Martinez. This has led to speculation about the potential influence on Bitcoin's price. Martinez's study shows a significant reduction in transactions involving amounts over $100,000, following Bitcoin's rise to a new peak of $73,750 per BTC.

Martinez's data reveals that in the last 24 hours, transactions over $100,000 amounted to 2,896, while those surpassing $1 million totaled 521. Before Bitcoin's peak, whale activity showed a proportional increase, peaking at around 4,500 daily transactions valued at a million dollars or more, and approximately 24,500 transactions exceeding $100,000.

Martinez suggests that the lack of significant whale activity could be contributing to Bitcoin's recent price stagnation, as the cryptocurrency struggles to maintain momentum amid decreasing volatility. The analyst's observations raise questions about the role of large-scale investors in influencing market dynamics, especially considering their reduced participation.

The drop in whale activity represents a divergence from previous patterns, where increased transaction volumes by major players often coincided with significant price movements. Martinez's evaluation suggests the possibility of a resurgence in whale transactions serving as a trigger for renewed bullish sentiment in the Bitcoin market. As investors and crypto enthusiasts closely monitor Bitcoin's movements, all eyes are now on whether the reemergence of whale activity will indeed serve as the catalyst for a bullish trend in the crypto market.

According to U.Today, the dog-themed cryptocurrency Shiba Inu (SHIB) is at a critical point as its price dips, challenging its bullish momentum. Over the past week, Shiba Inu experienced a price surge, reaching highs near $0.000028 before undergoing a correction. At the time of writing, SHIB had fallen 4.94% in the last 24 hours to $0.00002432, marking its second day of decline from the April 25 highs of $0.0000265. Since Tuesday, April 23, when the price began to fall, SHIB could be on track to record four out of five days of losses.

This price dip comes amid a broader market correction, with Bitcoin dropping to its lowest level in about a week. This market downturn has raised concerns among bulls, who are closely watching SHIB's ability to maintain critical support levels and regain its upward momentum. At the heart of the current price action is a crucial 69 trillion SHIB price range, which bulls are fiercely defending against bearish pressure.

Data from IntoTheBlock shows that 69.84 trillion SHIB were purchased by 65,650 addresses in the range of $0.000024 and $0.000027 at an average price of $0.000027. If this key level is held, it could indicate strength among SHIB bulls, potentially setting the stage for a rebound or even a rally. However, bears might argue that the current price level could be unsustainable if the market fails to regain momentum. A sustained break could trigger a sell-off, pushing the SHIB price down further.

The outcome of this critical price test will likely depend on a variety of factors, including investor sentiment and the overall trajectory of the cryptocurrency market. With volatility remaining high and uncertainty lingering, Shiba Inu bulls might need to demonstrate resilience to overcome the current headwinds and regain bullish momentum. If the SHIB price drops further, the next support might be between $0.000019 and $0.000024, where 49.42 trillion SHIB were bought by 75,770 addresses at an average price of $0.000022. Conversely, if the SHIB price rebounds, bulls face the next resistance in the range of $0.000027 and $0.000030 where 38 trillion SHIB are held by 90,800 addresses.

According to U.Today, the Shiba Inu community has been warned about circulating misinformation concerning the release of the TREAT token. Shibarmy Scam Alerts, a platform dedicated to identifying scams and safeguarding the Shiba Inu community, has issued an urgent alert. The alert emphasizes that the TREAT token has not been officially launched, contrary to recent claims. The Shiba Inu community is urged to exercise caution and avoid any transactions or investments related to TREAT until its release is confirmed by legitimate sources.

The community is also advised to protect their assets by not participating in any unauthorized TREAT-related activities and by prioritizing financial security. Shiba Inu has recently made significant strides, successfully raising $12 million from strategic VC partners led by Cypher Capital to launch its next-gen Fully Homomorphic Encryption (FHE) blockchain, which will be powered by the upcoming TREAT token. The FHE technology, which enables computations on encrypted data, could revolutionize privacy and trust in cryptocurrency.

However, the anticipation surrounding the TREAT token also brings significant risk, hence the urgent alert. The Shiba Inu community is reminded that any claims of the TREAT token being released are false as the SHIB team has not initiated any such launch. They should also rely only on official announcements for accurate information regarding the TREAT launch.

In other news, the Shiba Inu decentralized exchange ShibaSwap has migrated to Shibarium, marking a significant step forward in ShibaSwap's progress and enabling new possibilities and innovation on the Shibarium blockchain.

According to U.Today, Josh Olszewicz, a renowned cryptocurrency trader, has identified a Tenkan/Kijun crossover on Bitcoin's daily chart, which could potentially signal the onset of a bearish trend. The Tenkan Sen is calculated by dividing the highest high and the lowest low in price over the past nine periods. This line often acts as a short-term support level during an uptrend, suggesting that the price might find some buying interest at this point. Conversely, it can also serve as a short-term resistance level if a particular asset is in a downtrend.

The Kijun Sen, also known as the base line, is determined by adding the highest high and the lowest low over the past 27 periods and dividing this sum by two. This base line can function as a medium-term support level. The relationship between these two lines could offer crucial signals to traders about the current market condition. The Tenkan Sen crossing below the Kijun Sen is generally viewed as a bearish indicator, as it suggests that the market is yielding to bearish pressure.

However, this signal may not necessarily spell the end for the bullish trend, as the crossover occurred below the Ichimoku cloud. At the time of reporting, Bitcoin is trading at $63,645, according to data from CoinGecko. It's worth noting that Bitcoin is currently underperforming against Ethereum, which has seen a surge of approximately 6% in the last 24 hours.

According to CryptoPotato, a notebook paper with the phrase 'Buy Bitcoin,' which gained fame during a 2017 broadcast featuring then-US Federal Reserve Chair Janet Yellen, has been auctioned for 16 BTC, approximately $1.027 million. The auction took place at PubKey, a Bitcoin-themed bar in New York City, and was organized by auction house Scarce.City. The highest bidder, known pseudonymously as 'Squirrekkywrath,' won the sign in a week-long auction. Christian Langalis, also known as the 'Bitcoin Sign Guy,' organized the auction and attended the event. Scarce.City reported that the transaction set a record for the platform. After the platform's 15% fee, Langalis is expected to receive around $875,000, equivalent to 13.6 BTC.

The 'Buy Bitcoin' sign, written on a yellow legal pad, symbolizes Bitcoin's emergence in the global financial landscape. This physical artifact is one of the few widely recognized symbols of Bitcoin, given its primarily digital nature. The auctioned notepad also includes Langalis’ original notes and sketches of the sign from that historic day. Langalis was reportedly a 22-year-old intern at the Cato Institute at the time of the famous incident. The funds raised from the auction will support Langalis’ new venture, Tirrel Corp, which aims to create a Bitcoin Lightning network wallet on Urbit.

In 2019, Langalis created and sold 21 replicas of the iconic 'Buy Bitcoin' sign, which fetched an average price of 0.8 BTC each, approximately $51,300 per piece today. These replicas are displayed in the offices of venture firms such as Paradigm, Blockchain Capital, Castle Island Ventures, and the crypto think-tank Coin Center. After Langalis held up the sign during a 2017 House Financial Services hearing, he was escorted out of the building for violating committee rules. However, the image of the sign quickly spread across the internet. Following the event, bitcoin’s price surged by 3.7% at the time of the broadcast. Since then, bitcoin’s value has skyrocketed, going from around $2,700 in July 2017 to a peak of over $73,000 last month. This increase has been in part due to significant regulatory decisions in the United States, including allowing the launch of spot Bitcoin exchange-traded funds earlier this year.

On Apr 28, 2024, 11:02 AM(UTC). According to Binance Market Data, Ethereum has dropped below 3,300 USDT and is now trading at 3,298.889893 USDT, with a narrowed 5.86% increase in 24 hours.

According to PANews, Polkadot's 706th referendum is currently underway, with the proposal aiming to reduce inflation based on a new algorithm and targeting a fixed supply of 2.1 billion DOT. As of now, the proposal is predominantly opposed.

The referendum is a part of Polkadot's governance system, where changes to the network are proposed and voted on by the community. The current proposal aims to curb inflation by implementing a new algorithm. This algorithm is designed to adjust the supply of DOT, Polkadot's native cryptocurrency, with a target of a fixed supply of 2.1 billion DOT.

However, the proposal has been met with significant opposition. The majority of votes cast so far have been against the proposal. The reasons for this opposition are not specified, but it indicates a lack of consensus within the Polkadot community regarding the proposed changes to the network's economic model.

The outcome of the referendum will have significant implications for the future of Polkadot's economic model and the value of the DOT cryptocurrency. If the proposal is accepted, it could lead to a decrease in inflation and potentially increase the value of DOT. Conversely, if the proposal is rejected, it could maintain the status quo or lead to further discussions and proposals on how to manage inflation within the Polkadot network.

According to PANews, UniSat has reported detecting unusual activity in the Rune market on the X platform. The company is currently undergoing emergency maintenance to address the issue. The team is actively investigating and working on resolving the problem. Further details about the nature of the unusual activity or the expected duration of the maintenance were not provided.

According to PANews, Forbes recently published an article listing 20 'zombie tokens' with a market value exceeding $1 billion. These include XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, and EOS. Forbes defines 'zombie tokens' as assets that have little use beyond speculative cryptocurrency trading.

For instance, data from Messari shows that XRP has a market value of $36 billion, but its network transaction fees last year were only $583,000. This implies that the price-to-sales ratio (P/E ratio) of XRP is 61,689. In contrast, Nvidia, with a market value exceeding $2 trillion, had annual revenue of $61 billion, and its P/E ratio is only 37 times. Furthermore, Ethereum Classic (ETC) has a market value of $4.6 billion, but the fees generated in 2023 were less than $41,000.

Forbes also cited ADA as an example, suggesting that the popularity of the token is directly proportional to the popularity of its founder, Charles Hoskinson. However, this is based on a falsehood. Hoskinson claimed to have dropped out of a doctoral program in mathematics at the University of Colorado Boulder, but the university stated that Hoskinson only dropped out of an undergraduate program. For years, Hoskinson has been hinting that Cardano is working for the Department of Defense's renowned research department, the Defense Advanced Research Projects Agency, but there has been no clear news.

According to Foresight News, the Stargate V2 proposal has been approved with a 95.57% support rate. As per the proposal, Stargate V2 will introduce transaction batching and dynamic credit allocation, managed by an AI planning module, to enhance cross-chain efficiency and reduce cross-chain costs. In addition, Hydra has been introduced as an extension of Stargate in the Bridging as a Service domain. This allows new chains to access the liquidity on the Stargate chain.

According to PANews, Celsius has informed the court about a data security incident reported by its claim agent, Stretto. The court documents shared by Celsius reveal that on April 17, 2024, Stretto discovered unauthorized access to certain creditor data it held for Celsius following a phishing attack. Stretto terminated all unauthorized access to the affected accounts on the same day.

Stretto has engaged an independent computer forensics firm to investigate the severity of the data security incident. The investigation is ongoing, but so far, Stretto has confirmed that the accessed information includes creditor names, email addresses, mailing addresses, and claim amounts. In addition, less than 40 creditors had provided their tax identification numbers to Stretto, and this information was also accessed.

According to the current investigation, the data security incident does not appear to have affected the systems related to Stretto's planned distributions or the data provided by Celsius to Stretto in the bankruptcy proceedings. Stretto's independent investigation is still ongoing and will provide further updates based on the actual situation.

In a statement released by Celsius debtors regarding the data security incident, they said, 'Given Stretto's role in the distribution process under this plan, the debtors have temporarily stopped distributing to creditors out of caution after the plan took effect. We hope to confirm the main investigation results next week to immediately resume distribution work under this plan in a safe and reliable situation. For affected creditors, Stretto advises them to closely monitor their accounts and transaction situations. If any abnormalities or suspicious activities are found, please contact Stretto or the relevant law enforcement agencies immediately.'

According to Foresight News, Whales Market has announced the launch of its L2 Network Mode, which is based on OP Stack. This development marks a significant step forward for the platform, as it continues to expand its offerings and capabilities. The L2 Network Mode is expected to enhance the trading experience for users, providing them with more efficient and streamlined operations. Further details about the new feature and its potential impact on the platform's operations and user experience are yet to be disclosed. This announcement comes as part of Whales Market's ongoing efforts to innovate and improve its platform, aiming to provide users with the best possible trading experience.