🪙 Crypto News (Apr 2, 2024):

1️⃣ Forbes: #Forbes magazine released an article criticizing 20 different blockchains for their perceived lack of utility. Included in the list are XRPL by Ripple, Cardano, Bitcoin Cash, Litecoin, Internet Computer, Ethereum Classic, Stellar, Stocks, Kaspa, Theta Network, Fantom, Monero, Arweave, Algorand, Flow, MultiversX, BitcoinSV, Mina, Tezos, and EOS. 📉

2️⃣ Lookonchain: A trader made $3.4 million on a new "meme" coin on the Base network. Over the past month, the token's value surged by over 2,300%. The adventure began with the purchase of 38 Ethereum (ETH) for $113,000. Almost all of these tokens were spent on 85.36 million Degen (DEGEN) – a new and already well-known meme coin based on Base. This amount of coins cost the trader 31.6 ETH, or $108,000, and the transaction took place on March 2nd. Nearly a month later, on March 30th, the trader sold 72.73 million #DEGEN tokens for $2.83 million in USD Coin (USDC). The trader kept 12.6 million DEGEN, currently valued at $600,000. Therefore, the lucky individual's total profit amounted to $3.4 million. 💰

3️⃣ Conflux Network: On March 30, 2024, a meeting was held at the Shanghai Institute of Scientific Research to discuss the launch of a national blockchain research and development plan. Participants discussed the prospects of a new project, the "Scalable Blockchain Platform for the Belt and Road Initiative." 🌐

4️⃣ Bloomberg: Merkle Manufactory, a startup associated with the #DeSoc application, was valued at $1 billion during an investment round led by Paradigm. 💼

5️⃣ a16z: Andreessen Horowitz (a16z) has opened applications for participation in the third season of the #SPEEDRUN program. As part of this initiative, the company will pay selected teams $750,000. 💡

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