Day: April 11, 2024

Chainlink (LINK) Debuts Blockchain Bridge to Move Crypto Assets Securely Across Networks

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A Deep Dive into the SEC’s Upcoming Decision on Spot ETH ETFs Amidst Market Speculation

While I can’t speak to what any regulator will approve, I think it’s important to look at other regions and how regulatory approvals of ETFs transpired. For example, the first spot bitcoin ETF was approved in Canada in early 2021. A few months later, ether ETFs gained approval and began trading. Now, there are over 11 ETFs, including a mixed cryptocurrency ETF and an ether-staking ETF. If the same pattern follows, an ether ETF approval can be near. Source

99Bitcoins raises $100k on day-1 of token presale 

One of the most established crypto media outlets, 99Bitcoins, has changed ownership and introduced a new native cryptocurrency, 99BTC. The token is currently undergoing a presale. It raised $117K in its opening day as quick-footed traders swooped in for its initial discounted price. 99Bitcoins launched in 2013, the same year as CryptoX. However, it now spearheads crypto media innovation through its decentralized, user-owned 99BTC token and its accompanying Learn-to-Earn platform. Is $99BTC a 100x sleeping giant? Currently in its stage 1 presale, market participants can buy 99BTC at its lowest-ever…

Cardano At Risk Of Crashing To $0.4 As Important Metrics Turn Bearish

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Cardano (ADA) risks a significant price decline as several on-chain metrics paint a bearish sentiment for the crypto token. This coincides with a recent technical analysis by a crypto analyst, who predicted that ADA could drop to as low as $0.4. ADA Sees Decline In Trading Volume Data from the on-chain analytics platform Messari shows a decline in ADA’s trading volume from its recent peak. The crypto token recorded a daily trading volume of $1.53 billion on March 14 but has been on a steady decline since then, recording a…

Spot Ether (ETH) Exchange-Traded Funds (ETFs) Still Have No More Than 50% Chance of Approval in May: JPMorgan

The bank reiterated its view that approval of these products is unlikely next month, a position first expressed in January. The SEC must make final decisions on some of the ETF applications by May 23. The SEC approved spot bitcoin (BTC) ETFs in January, stirring speculation in some quarters that versions for ether, the token of the Ethereum blockchain, may follow suit. Source

Shiba Inu Surpasses 4 Million Addresses, Ignites Frenzy

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Shiba Inu has achieved a significant milestone by surpassing 4 million addresses. This feat marks a historic moment for the token, symbolizing its growing popularity within the digital asset community. Analysis of address metrics on Glassnode reveals a steady uptrend in Shiba Inu’s address count over the past few months, culminating in this impressive milestone. Address Growth Signals Potential, But Activity Paints A Different Picture While the increase in total addresses may initially appear promising, a closer examination of Shiba Inu’s activity metrics paints a contrasting picture. Despite the surge…

Tate Berenbaum Launches ‘AO Ventures,’ With $35M for Arweave Development

April 11: QED Protocol, the world’s first zk-native blockchain protocol, together with StarkWare, zkLink, Mina Protocol, O(1) Labs, announced the launch of the L2O Consortium, a group of projects and protocols committed to bringing Bitcoin’s native security, internet scale, and interoperability to applications and Layer 2 solutions. According to a press release: “The consortium is developing reference implementations, tools, and resources for developers looking to build DApps or deploy Layer 2s on top of Bitcoin and enable trustless interoperability between applications by coordinating standards across solutions, leveraging ordinals and zero-knowledge…

‘Bitcoin Sign Guy’ Is Auctioning His Bitcoin Sign

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Asked how much he expected the memento – scribbled at a time when bitcoin (BTC) traded around $2,400 – to fetch, Langalis said, “I try not to think about it.” However, he said that in recent weeks he received a private offer to buy the sign for five BTC, roughly $350,000 at recent prices. There is no reserve bid, or minimum price, he said. Original