Binance seeks to dismiss the bulk of a £10 billion lawsuit in London over BSV delisting claims and alleged anti-competitive behavior.
Binance seeks to dismiss a significant portion of a £10 billion lawsuit in London over BSV delisting claims.
The lawsuit involves accusations of anti-competitive behavior by Binance, Kraken, and other exchanges.
BSV Claims argues that the 2019 delisting caused BSV's value to drop and hindered its growth.
Crypto exchange Binance has sought to dismiss most of a London lawsuit valued at up to £10 billion ($12.8 billion). The lawsuit claims Binance and other exchanges colluded to “delist” the Bitcoin Satoshi Vision (BSV) cryptocurrency. This case is being heard at London’s Competition Appeal Tribunal (CAT) and involves over 200,000 BSV owners.
Binance Seeks Dismissal of £10 Billion Lawsuit
The lawsuit, brought by BSV Claims, alleges that Binance, Kraken, and other exchanges engaged in anti-competitive behavior by delisting BSV in 2019. Lawyers for BSV Claims argue that this delisting caused BSV’s value to drop significantly. They also claim it prevented
BSV from becoming a “top-tier” cryptocurrency, valuing this aspect of the claim at up to £9 billion.
The exchanges do not oppose the case’s certification under the UK’s collective proceedings regime, similar to the U.S. class action system. Certification would be the first step in the lawsuit. Binance, however, has requested the CAT to dismiss the part of the case concerning BSV’s alleged potential to become a significant cryptocurrency. This part of the case is for those who retained BSV after delisting it.
Kraken Calls BSV Lawsuit Baseless
Binance’s lawyer, Brian Kennelly, argued that those who kept BSV made “an entirely voluntary decision.” He said they “could reasonably have sold it and reinvested it in comparable cryptocurrency.” Kennelly further contended that this part of the lawsuit should not proceed.
BSV Claims’ lawyers, however, maintain that the issue should be tried in the same way as the rest of the case. They argue that the delisting was an anti-competitive behavior that affected the cryptocurrency’s market position and value.
A spokesperson for Binance declined to comment on the ongoing litigation. Meanwhile, a representative for Kraken described the lawsuit as “baseless.” The exchanges, including Binance and Kraken, removed BSV from their platforms in 2019. This decision was partly due to claims made by Australian computer scientist
#Binance55thProject(IO) #StartInvestingInCrypto #FIT21 #altcoins #BlackRock
$BTC

MasterCard is understood to be resuming services for payments and deposits in crypto on Binance.Mastercard withdrawal services have not been resumed as yet but this is expected to happen at a later date.
Binance can once again allow Mastercard users to purchase cryptocurrencies on the world’s largest exchange, after the card giant switched off that capability in August of 2023.
Last year’s decision by the card networks to part ways with Binance happened around the time the exchange was grappling with legal challenges in the U.S., including multiple charges by the U.S. Securities and Exchange Commission (SEC) and U.S. Commodity Futures Trading Commission (CFTC).
Following an extensive review of the rigorous controls and processes that Binance put into place, Mastercard made the decision to allow Binance-related purchases on its network,” a Binance spokesperson said via email. “We look forward to adding support for further products, such as withdrawals, at a later date.”
Mastercard confirmed the restoration of service, but added a caveat.
"Over the past several months, we have reviewed the enhanced controls and processes that Binance has put into place. It is based on those efforts that we have decided to allow Binance-related purchases on our network," a Mastercard spokesperson told . This status is contingent on ongoing reviews."
Both Visa and Mastercard are enthusiastic about crypto these days, delivering into the Web3 and self-custody wallet space.
#Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #altcoins
$BTC

On June 4, 2024, U.S. spot bitcoin exchange-traded funds (ETFs) saw their second-largest day of inflows since their launch in January. The inflows totaled approximately $886.6 million, with Fidelity’s FBTC leading, capturing $379 million on Tuesday.
U.S. Spot Bitcoin ETFs Secure Over $61 Billion in BTC Holdings
Spot bitcoin ETFs have been experiencing daily inflows consistently, and Tuesday’s trading session marked the 16th consecutive day of inflows. On Tuesday, these ETFs amassed $886.6 million in inflows, marking the second-highest day since March 12, 2024. On March 12, the ETFs achieved $1.04 billion in positive inflows. The June 4 inflows represented 85.25% of the March 12 peak in terms of positive gains.

Fidelity’s FBTC led the inflows on Tuesday, accumulating $379 million, while Blackrock’s IBIT followed with $274 million. Grayscale’s GBTC also secured $28 million in inflows during the trading session. Other ETFs saw inflows as well, contributing to a total trade volume of $2.49 billion on Tuesday.
Currently, Blackrock’s IBIT holds the largest amount of BTC reserves, with 295,457.46 BTC valued at $20.96 billion. Grayscale’s GBTC follows with 285,069.81 BTC worth $20.22 billion. Fidelity’s FBTC, after Tuesday’s significant inflows, now possesses 165,232.89 BTC valued at approximately $11.72 billion based on current exchange rates.
Ark Invest’s and 21shares’ ETF ARKB now holds 49,298 BTC valued at $3.49 billion, while Bitwise’s BITB fund manages 37,844.39 BTC worth around $2.68 billion at current rates. Together, these five spot bitcoin funds hold 832,902.55 BTC valued at $59.10 billion. The remaining funds (BTCO, BTCW, HODL, BRRR, and DEFI) command 33,532.64 BTC worth approximately $2.3 billion. Altogether, all 11 spot bitcoin ETFs in the United States hold 866,435.19 BTC, valued at over $61 billion.
#Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21
$BTC

After less than a week, the 45th U.S. President Donald Trump has seen his cryptocurrency portfolio double in value. As the 2024 presidential candidate, he now holds $31.23 million in assets, thanks to a wave of donations.
Trump’s Crypto Portfolio Doubles
Donald Trump’s crypto wallet has grown significantly over the past five days, and data from Arkham Intelligence reveals that the former U.S. President now holds $31.23 million in crypto assets. This recent increase in value resulted from a donation of a meme coin called TROG or Trump Frog. TROG has appreciated by 77% against the U.S. dollar in the last day, with billions of TROG donated to Trump’s wallet.
As of now, Trump’s TROG holdings surpass his cache of maga (TRUMP), with the billions of TROG now worth $18.6 billion. The 2024 candidate’s TRUMP stash is valued at $7.51 million, making TROG the largest holding in his wallet by value. However, TROG was not the only meme coin donated to Trump, as hundreds of thousands of dollars worth of other tokens have been airdropped to the former president.
Trump possesses $439,000 worth of MVP, $190,210 worth of CONAN, and $145,630 worth of ELON. Additionally, he has a stash of BABYTRUMP valued at $134,620 and a cache of MAGA worth $80,120. Trump’s address also contains 107 non-fungible tokens (NFTs) from 16 different collections. For instance, Trump owns the NFT “Milad #3595,” although it is only valued at $50 and is the highest-valued NFT in his possession. There are no Trump collectible trading cards in the wallet.
#Binance55thProject(IO) #BnbAth #StartInvestingInCrypto #ETHETFsApproved #FIT21
$BTC

Between revolutionary announcements, technological advancements, and regulatory turmoil, the crypto ecosystem continues to prove that it is both a land of unlimited innovations and a field of regulatory and economic battles. Here is a summary of the most notable news of the past week around Bitcoin, Ethereum, Binance, and Solana, etc.
Bitcoin’s hashrate has reached an all-time high, demonstrating the miners’ resilience and confidence in crypto despite post-Halving concerns. The total computing power deployed surpassed its previous records, supported by technological advancements and a recent increase in BTC price. These factors have compensated for the block reward reduction, strengthening the mining ecosystem. This performance underscores Bitcoin’s robustness and reassures investors about its long-term fundamentals.
BlackRock Invests $10 Million in Ethereum for Its New ETF
BlackRock, the asset management giant, is preparing to launch an Ethereum ETF, following the success of its Bitcoin ETF. The company invested $10 million to purchase Ether to create a fund with an initial net asset value of $10 million. The ETF, which will be traded under the ticker ETHA, will have the Bank of New York Mellon as the custodian and Coinbase as the holder of the underlying Ether. The ETF’s launch is expected by the end of June, according to Bloomberg analyst Eric Balchunas.
XRP ETF: Imminent Approval, According to Ripple
Brad Garlinghouse, CEO of Ripple, announced at the Consensus 2024 conference that the approval of an XRP ETF is inevitable, despite current regulatory challenges. This prediction follows that of Standard Chartered, which anticipates an XRP ETF launch by 2025. Although the crypto is currently down, trading below $0.549, optimism around the ETF could be a game changer. Regulatory clarity remains crucial, and a favorable decision for Ripple in its legal battle against the SEC could accelerate institutional adoption of XRP.
Changpeng Zhao of Binance Incarcerated for 4 Months
The founder of the crypto exchange Binance, Changpeng Zhao, has been incarcerated for four months in a low-security federal prison in Lompoc, California, after admitting his responsibility in money laundering operations via his platform. This sentence, shorter than the three years required by prosecutors, marks a decisive turning point for the crypto sector. Zhao expressed his regrets and acknowledged the importance of regulatory compliance. The future of Binance, under new leadership, is full of uncertainties.
Bitcoin: Institutional Frenzied Accumulation Resumes
Large institutional investors reiterate their strategy of Bitcoin accumulation, reminiscent of the pre-bull rally period of 2020. Ki Young Ju, CEO of CryptoQuant, reported a strong activity similar to what was observed before the price surge in late 2020, with daily transactions exceeding a billion dollars. Although volatility is moderate, this accumulation could signal a new bullish cycle. Analysts are divided on the immediate consequences, but many anticipate that Bitcoin could break through the $69,000 resistance, paving the way for new highs.
#BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #altcoins
$BTC
$ETH
$BNB

Any plans for comprehensive crypto legislation could be kicked further down the road after a weaker-than-forecast showing for the governing party.
India's election results are underwhelming for Prime Minister Narendra Modi's ruling party.If Modi is able to persuade his allies to stay, the government will continue, albeit with less power.Crypto was at best a negligible issue for voters and certainly not a political talking point during campaigning in the world's largest democracy
India's voters sprung an election surprise on Prime Minister Narendra Modi's party, awarding it a smaller share than forecast in preliminary results, sending stock markets crashing and likely pushing crypto legislation further into the future.
While Modi's Bharatiya Janata Party (BJP) and its allies are poised to return to power, they didn’t hit the supermajority mark of 370 plus seats in India’s 543-seat lower house of parliament, which they predicted. In fact, the BJP alone did not hit the halfway mark of 272, which it had comfortably crossed in the 2019 election. The result hands kingmaking power to his allies, and the opposition led by the Indian National Congress could attempt to lure them away.
On June 1, exit polls had predicted a comfortable victory for the BJP and its allies, resulting in record highsfor the country's stock markets. As results trickled in on Tuesday, stocks lost more than $350 billion in value in a matter of hours. The Nifty and the Sensex sank as much as 8.5% at one stage, before recouping some of the declines.
The election results were a true black swan event that no one saw coming," said Rajagopal Menon, vice president of Indian cryptocurrency exchange WazirX. "In the short term, markets will remain jittery as they despise instability. Once the new government takes office, things should return to normal."
Crypto was at best a negligible issue for voters and certainly not a political talking point during campaigning in the world's largest democracy. The results, whatever they would have been, were not expected to immediately affect crypto policy in the nation, and its current restrictive rules were expected to stay in place. India has implemented a tax of 1% deducted at source on every crypto transaction, the primary concern for the industry.
Modi's government had also prioritized framing crypto policywith global consensus during its presidency of the Group of 20 nations last year.
Now, any plans for comprehensive crypto legislation, the industry's next biggest hope, are likely to be kicked further down the road, given the need to solidify a governing coalition and accommodate partners' policy concerns as a priority. It's possible India could see a change in one of the most important positions that influence crypto policy – the role of Finance Minister, currently held by Modi's colleague Nirmala Sitharaman.
On the crypto regulation front, nothing changes significantly," Menon said. "India is a signatory to the G20 ministerial declaration, which outlines a clear roadmap for regulations by 2025. Things will start heating up towards the end of the year for crypto regulations."
In December 2023, a senior BJP lawmaker told CoinDesk he didn't expect comprehensive legislation for the sector till mid-2025. The opposition has barely indicated a policy route for the Web3 ecosystem.
Neither the BJP nor the Indian National Congress mentioned the words cryptocurrency, blockchain or Web3 in their manifestos.
#BlackRock #BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved
$BTC

Crypto enthusiasts have reasons to either rejoice or worry, depending on their viewpoint. June 30, 2024, will mark a major turning point with the implementation of the new MiCA (Markets in Crypto-Assets) regulations concerning stablecoins in the European Economic Area (EEA). In this context, Binance, the cryptocurrency exchange giant, has spoken out to clarify the situation.
The MiCA regulation, on the horizon, aims to strictly but necessarily regulate the crypto-assets market. Starting from June 30, 2024, stablecoins will be subjected to strict regulation in the EEA.
This regulation aims to protect investors and ensure financial stability. However, not all existing stablecoins will necessarily meet the new criteria. But don’t panic, dear Binancians, Binance has everything planned for you.
You will still be able to use your favorite stablecoins, including USDT, for deposits, withdrawals, and trading on Binance’s Spot trading platform.
Even if some stablecoins are not compliant, they will remain available on Convert. In short, Binance does not plan to delist these stablecoins, which is excellent news for users accustomed to these cryptos.
Despite this, some restrictions will be implemented for EEA users but only on certain specific products. Binance already offers alternatives with regulated stablecoins or other crypto-assets to adapt to the new rules without significantly disrupting your trading habits.
Binance strives to implement the new rules while minimizing the impact on the market and its products.
This transition to an offering of regulated stablecoins is a significant challenge, but Binance is determined to meet it brilliantly. The company works tirelessly to ensure a smooth transition by implementing measures to meet MiCA requirements.
For those wondering how this regulation will affect their portfolio, Binance assures that it is working on viable alternative solutions.
Compliant stablecoins with the new standards will be introduced, and crypto-active alternatives will be proposed. The goal is to maintain flexibility and diversity of options available for users.
#BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21
$BTC

As India counts votes for its general elections, the crypto market shows optimism. Experts believe the new government could influence crypto regulations and adoption.
As India counts votes for its general elections today, the crypto market is buzzing with optimism. While the elections don't directly impact cryptocurrencies, the new government could play a crucial role in shaping crypto regulations and adoption in the country. Most analysts are hinting at a bullish trend for the crypto market,
Bitcoin rally 
Bitcoin is on the brink of a major rally, touching the $70,000 mark after encouraging inflation data from the US. Shivam Thakral, CEO of BuyUcoin, explains, "The soft inflation data has sparked debates about a potential interest rate cut by the US Fed in its next meeting this month. If Bitcoin breaks its all-time high again, we could see BTC approach $100,000, as predicted by the banking giant Standard Chartered."
Thakral adds that the current macroeconomic factors look favorable, and the momentum is expected to sustain. This sentiment is echoed by the CoinDCX research team, which notes that Bitcoin is consolidating between $69,000 and $70,000, with bullish signals from exponential moving averages (EMAs) and positive inflows into Bitcoin ETFs.
Ethereum and Altcoins
Rajagopal Menon, VP at WazirX, highlights the bullish trends in the crypto market, especially for Ethereum. "Ethereum continues to fluctuate around its 50-day EMA, which has been a strong support level. Technical indicators show positive signs, with the stochastic indicator beginning to overlap positively, indicating a potential bullish trend."
Menon also points out that Bitcoin is testing a crucial resistance level at $69,110.00. "A breach of this level could propel Bitcoin higher, with initial targets set at $70,645.00 and potentially extending to $73,800.00. The bullish outlook for Bitcoin remains intact as long as it stays above $67,080.00," he says.
Market structure
Institutional interest in Bitcoin is growing. The CoinSwitch Markets Desk reports that Bitcoin has steadied around the $69,000 mark, with the market structure poised for another leg up towards its all-time highs. Ethereum, too, has found its base at $3,800, with minimal selling pressure expected as ETH ETF trading is set to start later this month.
According to the CoinSwitch Markets Desk, the US state of Wisconsin’s investment in Bitcoin is a testament to the increasing institutional interest. Wisconsin has invested a small portion of its pension fund in Bitcoin and is expected to increase exposure through spot Bitcoin ETF products. Currently, this stands at 0.1% of its $156 billion in assets.
The Federal Reserve's upcoming policy meeting is a focal point for the crypto market. Analysts believe that the Fed's potential rate cuts in the coming months could further boost the market. "The anticipation of steady interest rates is contributing to the current optimism in the crypto market," says Menon. Investors are hopeful that these macroeconomic factors will continue to drive the market upwards.
#BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21
$BTC

Cryptocurrency scammers recently hijackedthe official Microsoft India X account, which boasts over 211,000 followers, to impersonate Roaring Kitty, the pseudonym of well-known meme stock trader Keith Gill. Microsoft India’s X account, marked with a gold check indicating official verification, added credibility to the fraudulent posts. The hijacked account was used to reply to tweets, directing followers and other users to a malicious website, falsely claiming to offer Gamestop (GME) crypto presales. This phishing site was designed to steal assets from anyone connecting their cryptocurrency wallets and authorizing transactions. Additionally, numerous bot accounts retweeted the hijacked posts, amplifying their reach and ensnaring more victims.
#BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21
$BTC

Bitcoin enthusiasts were eagerly waiting for bitcoin's 'halving' on Friday - a change to the cryptocurrency's underlying technology designed to cut the rate at which new bitcoins are created.
The halving, which happens roughly every four years, was written into Bitcoin's code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created.
Chris Gannatti, Global Head of Research at asset manager WisdomTree, which markets bitcoin exchange-traded funds, called the halving "one of the biggest events in crypto this year"
According to CoinGecko's countdown clock, the halving is scheduled to happen in the early hours of Saturday GMT.
For some crypto fans, the halving will underscore bitcoin's value as an increasingly scarce commodity - Nakamoto capped bitcoin supply at 21 million tokens - while sceptics see it as little more than a technical change talked up by speculators to inflate the virtual currency's price.
The halving works by halving the rewards cryptocurrency miners receive for creating new tokens, making it more expensive for them to put new bitcoins into circulation.
It follows a surge in bitcoin's price to an all-time highof $73,803.25 in March , having spent much of 2023 slowly recovering from 2022's dramatic plunge. On Thursday the world's biggest cryptocurrency was trading at $63,800.
Bitcoin and other cryptocurrencies have been supported by excitement around the U.S. Securities and Exchange Commission's decision to approve spot bitcoin exchange-traded funds in January, as well as expectations that central banks will cut interest rates.
Previous halvings occurred in 2012, 2016 and 2020. Some crypto fans point to price rallies that followed them as a sign that bitcoin's next halving will boost its price, but many analysts are sceptical.
"We do not expect bitcoin price increases post halving as it has been already priced in," JP Morgan analysts wrote this week.
They expect bitcoin's price to fall after the halving, because it is "overbought" and venture capital funding for the crypto industry has been "subdued" this year.
#Megadrop #bitcoinhalving #Token2049 #BullorBear #Memecoins
$BTC $ETH $BNB

In January, Binance was among nine offshore cryptocurrency platforms that were banned from operating in India in response to the platforms’ failure to comply with FIU and PMLA guidelines

Binance, the world’s largest cryptocurrency exchange that was banned from India is ready to return after paying a penalty of about $2 million, according to a report in The Economic Times.
The crypto exchange will come back as an entity registered with the Financial Intelligence Unit (FIU) of the finance ministry, the report added.
FIU is tasked with oversight of trade in virtual digital assets (VDA).
Binance will comply with all applicable laws, including the Prevention of Money Laundering Act (PMLA) as well as the VDA taxation framework.
Binance is the world’s largest crypto exchange, in terms of both asset holdings and daily trade volume. According to CoinMarketCap, it recorded a trade volume of $22 billion in the previous 24 hours (ending 7 pm IST on Wednesday), which is 25% of the global volume. 
In January, Binance was among nine offshore cryptocurrency platforms that were banned from operating in India through web addresses and mobile applications. The action was in response to the platforms’ failure to comply with FIU and PMLA guidelines.
Before the ban, Binance accounted for nearly 90 percent of the estimated $4 billion crypto holdings of Indian nationals. The platform’s market dominance is mainly attributed to its non-compliance with tax laws, which allowed investors to trade without paying the 1 percent tax deducted at source (TDS) applicable on registered exchanges. 
After the ban on Binance, a significant chunk of Indian crypto investors moved their holdings to Indian exchanges, including CoinDCX, WazirX. 
Executives in the cryptocurrency industry also pointed to Binance’s reluctance to open its trades for scrutiny, for fear that this would take away big-ticket investments.
Binance will be the second offshore exchange to register in India after Seychelles-based Kucoin announced FIU compliance last month, following which the ban on its website was lifted. 
Market leaders believe Binance's return could upend the market dynamics, as it brings superior technology and larger liquidity than Indian exchanges. It is re-entering India at a time when popular currencies such as bitcoin and ethereum are breaching all-time highs.
#Megadrop #bitcoinhalving #BullorBear #Memecoins #WIF
$BTC $BNB $ETH

OCM is designed to facilitate the secure handling of business contracts on a public blockchain, ensuring privacy by utilizing zero-knowledge proofs to maintain contract integrity and confidentiality.

Big Four accounting firm Ernst & Young (EY)  unveiled its new service for managing enterprise contracts via blockchain technology called OpsChain Contract Manager (OCM) on April 17.
The tool is designed to manage complex, multi-party business agreements with enhanced security and privacy via blockchain technology. The service is currently running on the Polygon proof-of-stake (PoS) blockchain and is slated for a future upgrade to the Ethereum mainnet.
OCM
OCM is designed to facilitate the secure handling of business contracts on a public blockchain, ensuring privacy by utilizing zero-knowledge proofs to maintain contract integrity and confidentiality while also improving time efficiency and reducing costs.
It integrates with existing enterprise systems through a standardized API and supports various contract types, including volume purchase agreements and price models dependent on market data feeds.
While the service is currently promoted as operating on Ethereum, it actually utilizes Polygon PoS to capitalize on the lower transaction fees that are attractive to EY’s industrial user base, based on a report by the Block.
Paul Brody, the head of EY’s blockchain division since 2016, said Nightfall — the technology behind the service — originated on Ethereum and has been tested on its test network. The forthcoming update will transition Nightfall to Ethereum’s mainnet and might include a Layer-3 upgrade to improve scalability and functionality.
Benefits of public blockchains
Brody also commented on the operational advantages of the OCM, noting that contract automation can significantly reduce cycle times and administration costs.
He emphasized the scalability and neutrality benefits of deploying on a public blockchain, which prevents any single party from controlling the network. Brody also noted that the future of corporate blockchain applications is increasingly leaning towards public blockchains, as they provide superior privacy and transparency compared to private blockchains.
The development comes in the wake of increased blockchain adoption by major financial players. Notably, BlackRock recently launched a tokenized fund on Ethereum, marking a significant step toward institutional engagement with blockchain technologies.
With the introduction of OpsChain Contract Manager, EY aims to improve how enterprises manage contracts, enhancing process efficiency and transparency through blockchain technology. The initiative positions EY as a pioneer in integrating blockchain into conventional business practices, setting a benchmark for the industry’s movement toward embracing this technology in routine operations.
#bitcoinhalving #BinanceLaunchpool #BullorBear #Memecoins #WIF
$BTC $ETH

Worldcoin rolled out its blockchain called World Chain.The move comes as the venture deals with privacy concerns from regulators worldwide.Eyeball scanning project has ambitious plans for proving personhood in age of bots.
Worldcoin, the eyeball-scanning crypto startup, continues to face regulatory challenges with officials in at least six countries probing whether the project is violating user privacy.
But these issues haven’t deterred the biometric crypto venture, co-founded by OpenAI CEO Sam Altman, from expanding its footprint. On Wednesday, it launched a blockchain network called World Chain.
The Ethereum layer 2 blockchain is designed to support Worldcoin’s 10 million users. Half of them have verified their identities on the project’s World App, a crypto wallet application with more than 70 million transactions.
Dedicated network
World App previously lived on Optimism, which is itself an Ethereum layer 2 blockchain. But Worldcoin developers reckon it is time for the project to branch out into its own dedicated network.
On Optimism, World App transactions accounted for 44% of the network’s user transactions on average, a figure that often peaked at 80% during high user traffic periods, a spokesperson for Worldcoin Foundation, stewards of the biometric crypto startup, told DL News.
But Worldcoin isn’t dumping Optimism. Instead, it’s building World Chain on the latter’s Superchain technology system, wich is the same one used by Coinbase for its Base blockchain.
Optimism’s Superchain is a network of blockchains that share the same technology services and can communicate with each other. The goal of Superchain is to attempt horizontal scaling across the connected blockchains so they can service more users.
For the Worldcoin Foundation, Superchain’s horizontal scaling ambitions are a perfect fit for its push to become the world’s digital identity and financial playground by signing up 1 billion users.
Bringing the entire world onchain presents a monumental task, exceeding the capacity of any single entity and collaboration is key,” the Worldcoin spokesperson said.
Who is human?
Worldcoin was built to solve a problem that doesn’t exist yet. In a digital world where AI-generated media, bots, and humans mingle, Worldcoin’s founders say it’s going to be crucial to know who’s human.
In order to prove that, users must first scan their eyeballs for Worldcoin and get a digital passport that proves just that.
The project has already scanned some 5 million users and provided them with WLD tokens in return.
With World Chain, Worldcoin also plans to make financial transactions cheaper for verified human users in a blockchain world overrun by bots, the spokesperson said.
Indeed, data from five major DeFi blockchains ― Solana, Base, Optimism, Polygon, and Arbitrum ­― show that bots account for an average of 60% of the user activity on those chains.
That level of automation can lead to network congestion and high transaction fees for human users.
To solve the problem, the Foundation says transactions from human users will be prioritised and subsidised on World Chain.
Future airdrop?
Worldcoin Foundation says it will bear the burden of subsidising gas fees for verified human users but plans to move to a system where revenue from the fees collected from bots and power users will cover transaction costs for its casual users.
Ether will serve as the World Chain’s native currency, but casual users will be able to earn Worldcoin token grants.
The spokesperson did not comment on any plans for a future airdrop for early adopters.
#bitcoinhalving #BinanceLaunchpool #BullorBear #Memecoins #worldcoinnews

As Bitcoin (BTC) pumps back above $70,000 on falling GBTC outflows and in spite of hotter-than-expected US inflation figures, traders are scouring altcoin markets as they hunt for the best crypto to buy now for quick gains.
Grayscale’s GBTC ETF saw its lowest outflows in one month of just $18 million. That drop in outflows comes in wake of Grayscale’s CEO remarking that he believes sell pressure from bankrupt crypto estates like FTX and Genesis to be largely over.
If Grayscale’s CEO is correct, risks seem tilted towards net flows into spot Bitcoin ETFs remaining consistently net positive. That suggests spot Bitcoin ETF demand could be back as a major tailwind for the market.
The boost from low GBTC sales comes in wake of Bitcoin’s surprising resilience to hotter-than-expected US CPI data.
The Consumer Price Index rose 0.4% MoM in March, above the expected 0.3% rise. That triggered a jump in US bond yields and the USD as traders pared back on Fed rate cut bets.
That would typically be bearish for crypto, so Bitcoin’sresilience came as a surprise to many.
Perhaps Bitcoin’s outperformance despite a hawkish repricing of Fed interest rate expectations is down to the fact the US continues to run a massive fiscal deficit, with fiscal irresponsibility a key touted reason to buy and hold BTC.
Add to the mix that spot Bitcoin ETF flows are turning bullish and the halving is around the corner. And Bitcoin looks on course to hit $100,000 this year.
That means Bitcoin is definitely a candidate for best crypto to buy right now.
But some traders will be looking for more than 40-50% gains this year. They may be targeting gains in the region of 5-10x.
Only smaller and lesser-known altcoins will be able to deliver such gains, though of course come with more risk.
Here are some strong-performing altcoins on Wednesday that could be the best crypto to buy now.
Best Crypto to Buy Now

Ethena (ENA)
Ethena (ENA) hit new record highs to the north of $1.50 per token on Wednesday.
As per CoinMarketCap, ENA is up 16% in 24 hours, and has a market cap of $1.16 billion.
ENA is a major talking point in crypto right now. Since its launch a week ago, it has rallied over 4x.
Ethena is a decentralized finance protocol behind the issuance of the innovative yield-bearing USDe token. The protocol recently added Bitcoin as a collateral option, further contributing to the hype.
Ethena seeks to repeat the success of the Terra blockchain’s UST cryptocurrency but without the spectacular blowup.
The protocol already has $2.27 billion in TVL per DeFi Llama. With Bitcoin as a collateral option, however, this could soon shoot up.
Ethena’s market cap could rise at least 5x this bull market. That’s why it’s one of the best cryptos to buy now.
Nervos Network (CKB)
Up-and-coming modular network Nervos Network (CKB) is pumping hard on Wednesday.
It just hit its highest levels since early 2021 near $0.038 per token. It was last up 10% in the last 24 hours, as per CoinMarketCap, with a market cap of now more than $1.5 billion.
With CKB targeting a retest of its 2021 record highs near $0.045, it could well be the best crypto to buy now.
ORDI (ORDI)
Bitcoin inscription protocol Ordinal (ORDI) is also pumping hard on Wednesday. It was last trading near $72.2, up 6% in 24 hours as per CoinMarketCap.
Its market cap was also last around $1.5 billion, suggesting it has plenty of room left to shoot higher. Assuming Ordinals continues to see rapid adoption as the bull market continues, it could easily 5-10x. That makes it amongst the best crypto to buy now.
Crypto Alternatives to Consider
Cryptocurrency presales have drawn attention as a potential path to major returns.
Presales give investors an opportunity to purchase tokens at early-bird prices. Potentially, these early investors could then sell those tokens for profit if the project gains traction in the market.
Presales can be riskier than investing in established cryptocurrencies. That’s because they have a lot of the same risks as start-up investing – i.e. the risk something goes wrong and the team fails to deliver on its promises.
However, historical data indicates they can also yield substantial gains for those who successfully identify promising ones, however. Projects with strong leadership, clear objectives, and the potential to disrupt the cryptocurrency space may offer big upside.
The Cryptonews team provides resources and analysis to identify the most compelling presales within the cryptocurrency sector.
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Check out which Solana meme coin is among the best performers in the market today. Hint: it's not WIF or BONK.

Despite a general downturn in the crypto market, one Solana-based meme coin saw significant gains, highlighted by a mysterious trader turning $35,000 into $44 million.The coin’s recent success was bolstered by endorsements from prominent individuals such as BitMEX’s co-founder Arthur Hayes.
The crypto sector suffered a significant setback in the past few days, with leading digital assets such as Bitcoin (BTC) and Ethereum (ETH) plunging to multi-week lows. While the market recovered some of the losses in the last several hours, most cryptocurrencies remain in red territory on a 24-hour scale.
However, there are some exceptions, and one example is the newly launched Solana-based meme coin Cats in a Dogs World (MEW).
The token’s price has surged by over 40% in the last 24 hours, whereas its market capitalization neared the $800 million mark. Currently, MEW is the 131st biggest cryptocurrency (per CoinGecko’s data), a serious achievement considering the fact that it saw the light of day a week ago.
The token made the headlines last weekend when it reached an all-time high price. Its rally was accompanied by support from BitMEX’s co-founder Arthur Hayes, who highlighted MEW’s impressive performance on his X profile. 
Earlier this week, the popular entrepreneur and crypto analyst – Lark Davis – revealed the case of a mysterious trader who turned $35,000 into a staggering $44 million by dealing with the asset. 
Another Solana-based meme coin that helped savvy investors make multi-million profits is dogwifhat (WIF). As CryptoPotato reported last month, an individual purchased approximately 2.5 million WIF tokens at the end of 2023, spending just $310. Currently, the stash is worth more than $10 million.
Trading meme coins during the bull market may appear like an attractive investment opportunity, but it could also lead to devastating losses due to their notorious volatility. If you are about to hop on the bandwagon, please take a look at our dedicated video below to avoid some common mistakes related to the matter:
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Meme coins, fueled by online communities and social media hype, have outshone all other crypto sectors in Q1 2024, according to CoinGecko’s latest report.
CoinGecko, one of the leading crypto market data providers, released a detailed report on April 3, 2024. This report, titled “Top Crypto Narratives Gained 39% to 1313% in Q1 2024,” explores the significant gains made by some top crypto narratives during the first quarter of the year.
BRETT, BOME, and MEW Led the Meme Coins Frenzy
With an average return of 1,312.6% across its top tokens, meme coins have captured the playful parts of investors and marked a significant shift in the crypto market dynamics. Among the frontrunners in this meme coins frenzy are three newcomers — Brett (BRETT), BOOK OF MEME (BOME), and cat in a dogs world (MEW), launched around March 2024.
Brett (BRETT) notably soared, achieving a staggering 7,727.6% increase by the end of Q1 2024 from its launch price. This surge was closely followed by dogwifhat (WIF), which rose 2,721.2% quarter-to-date (QTD) after going viral.
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DOGE, SHIB, or any of the newly emerged tokens: check out which one could become the top meme coin this month (based on ChatGPT's estimation).

ChatGPT predicts that well-known cryptocurrencies could lead the meme coin sector in April due to their substantial community support, while also highlighting the rising popularity of new contestants.The chatbot stresses the importance of thorough market research and awareness of the risks involved in investing in such volatile assets.
No Surprises?
The meme coin sector has made serious waves lately, with numerous assets of that type charting impressive price rallies and allowing savvy traders to make substantial profits. As CryptoPotato reported, the surges of Shiba Inu (SHIB) and dogwifhat (WIF) have resulted in multi-million gains (at least on paper) for some people.
The niche keeps evolving, spewing new tokens quite frequently, and some of those experience significant increases mere hours after launch. Considering the variety of tokens encompassing the cohort, we decided to ask ChatGPT, which will be the top meme coins this month.
The AI-powered chatbot described such a prediction as “highly speculative” due to the volatile nature of the market. 
Performance can be influenced by a wide range of factors, including market sentiment, social media influence, celebrity endorsements, and broader financial market trends,” it added.
Still, ChatGPT estimated that the leading meme coins by market capitalization—Dogecoin (DOGE) and Shiba Inu (SHIB)—have the best chance to outperform their rivals due to the huge support from their communities. 
CryptoPotato revealed several months ago that these meme coins have the strongest community bases, followed by Pepe Coin (PEPE).

How About the Latest Sensation?
On the other hand, ChatGPT noted the success of certain cat-themed meme coins. One evident example is Cat in Dogs World (MEW), whose price is up 250% on a seven-day scale and hit an all-time high at the end of March.
The asset’s market capitalization currently stands at over $630 million: a serious achievement considering the fact that it saw the light of day less than two weeks ago.
Cat-themed meme coins have indeed caught the eye of multiple traders. According to DexScreener, the list of the top 15 most trending meme coins on April 3 included six such assets. 
Subsequently, ChatGPT stated that one should conduct proper market research, review the most recent trends on social media platforms, and stay informed about upcoming developments to guess which memes will be among the best performers in April.
It once again warned that investing in tokens of that type is risky and could lead to crucial losses. Those willing to enter the ecosystem should watch our dedicated video below to secure themselves against some common mistakes:
#Halving #BullorBear #BinanceLaunchpool #Nonfarm #Memecoins
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