Author: Dren.H

Bitcoin’s surge past $72K liquidates over $102M in shorts, signaling bullish momentum and anticipation for the halving even Bitcoin’s recent surge past the $72,000 mark has set the cryptocurrency market ablaze, with traders eyeing the next resistance level at $73,000, close to its all-time high. Additionally, this upward movement has been a tough hit for short sellers, resulting in the liquidation of over $102 million in leveraged short positions in just 24 hours. Furthermore, Bitcoin, trading above $70,400, has sparked discussions about whether this breakout confirms a bullish trend for Bitcoin’s weekly price range. Market Dynamics In the wake of…

Toncoin overtakes Cardano as the ninth-largest crypto, boosted by a unique identity verification initiative and strong market momentum. Toncoin, associated with the messaging platform Telegram, has recently outpaced Cardano (ADA), marking its place as the ninth-largest cryptocurrency by market capitalization. As of April 9, with a remarkable daily price surge of 13%, Toncoin’s value reached $6.65, elevating its market cap to $23 billion and surpassing Cardano’s $22 billion, as per CoinMarketCap. This ascent in Toncoin’s market position follows closely on the heels of an announcement by TON Society developers. They have dedicated $5 million in Toncoin to incentivize users who…

Monad Labs raises $225 million, aiming to enhance DeFi with its scalable, EVM-compatible blockchain, challenging Ethereum and Solana. Monad Labs has just clinched a monumental $225 million in its latest fundraising effort, positioning itself as a formidable contender to established blockchain networks like Ethereum and Solana. This funding, spearheaded by the heavyweight crypto venture firm Paradigm, alongside contributions from Electric Capital and tech investor Greenoaks, marks the largest crypto capital influx of 2024 thus far. Monad Labs, established in 2022 by the former Jump Crypto expert Keone Hon, aims to bridge the existing gap in the blockchain domain. The company…

SpaceCatch, one of the most professional and notable GameFi projects in Web3 this year, has announced its Public Beta launch. The most important day in GameFi in April is the 22nd of April 2024. SpaceCatch, developed by the professional gaming studio Pixelfield, has been developed since 2022. The team provided great skill so far, so now, SpaceCatch is one of the most promising AR&Web3 games in the GameFi industry. Its CATCH token is already listed, hitting the ATH over x50 compared to its presale price. This all shows the great ability of the team to provide great, professional results. One…

Grayscale launches a staking-focused fund for wealthy investors, prioritizing income and featuring key PoS tokens. Grayscale Investments has launched a novel investment fund, the Grayscale Dynamic Income Fund, designed to cater to the needs of affluent investors seeking to diversify their portfolios with cryptocurrency staking income. This initiative adheres to individuals possessing assets under management surpassing $1.1 million or a net worth exceeding $2.2 million, underlining Grayscale’s commitment to serving the sophisticated segment of the market. The Dynamic Income Fund stands out by its unique strategy of converting staking rewards into United States dollars on a weekly basis, with the…

Crypto losses dropped 23% in Q1 2024, with DeFi platforms being the main targets, according to Immunefi’s report. The first quarter of 2024 has brought a breath of fresh air to the cryptocurrency sector, showcasing a notable decline in the financial damage caused by cybercriminals. Immunefi, a leader in blockchain security, recently published insights that paint a hopeful picture of diminishing losses from hacks and fraudulent schemes in the crypto world. Their meticulous analysis reveals a 23% reduction in financial losses due to these malevolent activities when compared to the same timeframe in 2023. During the initial months of 2024,…

UK court freezes £6M of Craig Wright assets amid disputed Bitcoin creator claims and legal costs. Recently, Craig Wright, the Australian computer scientist who claims to be Satoshi Nakamoto, the enigmatic creator of Bitcoin, has seen £6 million ($7.6 million) of his assets frozen by a UK court. This decisive action comes as a safeguard to cover court costs amounting to nearly $8.5 million, linked to Wright’s contested claim of being the digital currency’s founder. The freeze aims to prevent Wright from potentially sidestepping these financial obligations following a court ruling that refuted his claim to the Nakamoto identity. Wright’s…

Dogwifhat becomes third-largest memecoin, hitting new highs as top holder retains $139.5M in tokens amidst market speculation. Dogwifhat (WIF), a memecoin based on the Solana blockchain, has recently claimed its spot as the third-largest memetoken by market capitalization. This remarkable ascent, overtaking the Pepe (PEPE) token, brings WIF to an unprecedented peak in its valuation and market presence. The Surge of Dogwifhat Dogwifhat’s journey to prominence saw its value skyrocket to a record $4.64 on March 30, later stabilizing around $4.32. This price point not only signifies a monumental 87% surge in the past week but also cements WIF’s market…

US court denies Custodia Bank’s Federal Reserve account request, bank considers appeal options. In a significant development for the banking and cryptocurrency industries, the United States district court has decided against Custodia Bank in its quest for a Federal Reserve master account. This decision also includes the dismissal of the bank’s request for a declaratory judgment. Despite this setback, Custodia Bank remains determined, with plans to review the court’s decision thoroughly and consider an appeal. Custodia Bank, a pioneer in digital asset banking, has been in a legal tussle to secure a Federal Reserve master account. Such an account is…

Bitwise exec predicts $1 trillion institutional investment in Bitcoin amid long-term growth and ETF launches. Bitcoin could stand on the brink of an unforeseen financial influx. Matthew Hougan, the Chief Investment Officer at Bitwise, suggests a seismic shift is imminent, with institutional investors poised to channel an astonishing $1 trillion into Bitcoin via exchange-traded funds (ETFs). This move underscores a growing confidence in digital currencies, particularly Bitcoin, as it navigates the price fluctuations between $60,000 and $70,000. Hougan advises investors to maintain a composed outlook and adopt a long-term perspective on their Bitcoin investments. Amid the asset’s price volatility, he…