Category: ICO

Bitcoin (BTC) Miners Are Better Positioned to Weather the Halving This Time: Benchmark

“Most of the publicly traded bitcoin miners have initiated or announced plans to increase their electricity and hashrate capacities as a means of adjusting to their reduced revenue and gross profit profiles,” Benchmark analyst Mark Palmer wrote, noting that due to uncertainty around the halving nearly all of the listed miners’ stocks are down year-to-date despite a 46% rally in bitcoin in the same period. Source

Polymarket See 32% Chance of No Fed Rate Cuts This Year

“We know that there is no traditional justification for U.S. rate cuts in the short term. Employment is strong, retail sales are beating expectations, Q1 GDP is expected to be not much lower than Q4, and inflation is proving stubborn. Even Fed Chair Powell, yes, he who less than four months ago told us that cuts were imminent, is now suggesting that they may hold rates high for longer than previously anticipated,” Noelle Acheson, author of Crypto Is Macro Now newsletter, said in Wednesday’s edition. Source

Chia Network (XCH) Makes Progress Toward an IPO, CEO Gene Hoffman Says

The company confidentially filed an amended S-1 form with the U.S. Securities and Exchange Commission at the end of March, after the regulators sent a comment letter to the company, CEO Gene Hoffman said at a conference hosted by law firm Brown Rudnick in Manhattan. However, there is still no firm timeline for the IPO since the company wants to wait for the right market conditions, he later told CoinDesk. Source

This Bitcoin Halving Is Different. But Is It ‘Priced In’?

“The people, institutions and governments that matter in the big picture are only *just beginning* to wake up to Bitcoin,” Lane Rettig, founder of SpaceMesh and former Ethereum developer, said. “Yes, this process takes a painfully long time, longer than we expect or would like – it’s like a dragon slowly awakening, and right now it’s just begun to stir.” Source

Avail Confirms Token Airdrop Plans, a Week After Leaked Screenshots

According to a blog post from the Avail team, 354,605 wallet addresses are eligible to claim the 600 million tokens in their “unification drop.” Recipients are widespread, but the team said that they must be either blockchain ecosystem developers, testnet contributors, users of rollups (Polygon, zkSync, Starknet, Optimism, and Arbitrum), Polygon PoS stakers or Avail community members that have made significant ecosystem contributions. Source

Mango Markets Exploiter Avi Eisenberg Found Guilty of Fraud and Manipulation

Though Eisenberg’s defense team, headed by well-known crypto defense lawyer Brian Klein, argued that Eisenberg was acting within the law, prosecutors showed the jury a bucket of evidence – including internet searches for things like “statute of limitations market manipulation” and “FBI surveillance” and “elements of fraud” and his flight to Israel after his identity as the exploiter was unmasked – indicating he knew his actions were criminal. Source

Bitcoin Halving Promises New Market Dynamics as Miners Adjust to Reduced Rewards

Since the halving is programmed to occur every 210,000 blocks, it creates a distinct time frame between these events that lasts about four years. In these four years, there has historically been a peak price, a trough price, a bull portion of the cycle, and a bear portion of the cycle. The most price appreciation has historically been in the month preceding and following the halving. This is a result of the supply shock that the halving creates. After the new supply/demand equilibrium is reached, the price peaks and then…