ROSE developer Oasis Labs has announced a partnership with Google Cloud.

In its statement, Oasis Labs shared the following about the collaboration with Google:

"Oasis Labs, a leader in privacy computing technology, is excited to announce the launch of Oasis PrivateSQL, an advanced privacy-preserving data analytics product, on the Google Cloud Marketplace."

Prof. Dawn Song, founder of Oasis Labs, commented, "Oasis Labs' mission is to enable organizations to harness the potential of their data without compromising individual privacy.

With the launch of PrivateSQL on Google Cloud, we're making it easier than ever for businesses to achieve this balance at scale."
Following the announcement, the price of Oasis (ROSE) began to rise. #altcoins #CryptoNewss #CryptoNewsCommunity #Cryptocurrencies #AltcoinGains

The substantial volume of call contracts and their considerable nominal value might indicate optimism regarding Ethereum's potential for value appreciation by the end of June.

Increased interest could further bolster the digital asset's price if derivative traders opt to execute their options as the price surpasses specific strike prices specified in the option spread.

Luke Nolan, a Research Associate at CoinShares, noted that strike prices for June expiry calls are predominantly positioned above $3,600, with $6,500 emerging as the most favored strike price.

Nolan highlighted a notable notional value of $192 million associated with the largest open interest before the June expiry at a $6,500 strike price, indicating confidence among certain investors in Ethereum's capability to attain or surpass that level.

"The highest open interest for June expiration is centered around a $6,500 strike price, totaling $192 million," stated Nolan.

The data also reveals an increase in outstanding calls compared to open positions in Ethereum options leading up to the late June expiration.

A call options ratio below one indicates that buying volume surpasses selling volume, signaling an upward market trend.

An investor purchasing a call option is typically interpreted as taking a bullish stance in the market, while a put option buyer is viewed as bearish. #altcoins #Cryptocurrencies #ETHETFS #EthereumPower #AltcoinGains

reescreva esse texto em português brasil: Though Optimism (OP) experienced a challenging month with a downward trend, recent weeks have indicated signs of improvement. The price struggles to rise and often meets resistance at higher levels, suggesting investor caution and the need for stronger cues. However, Optimism's fundamentals—focused on streamlining Ethereum transactions—could support its recovery and growth if market sentiment improves.

Polygon is in a tug-of-war between buyers and sellers, indicating market uncertainty. Despite an overall decline, the coin shows some resilience. Its role in scaling Ethereum and supporting decentralized applications might attract long-term interest even amid broader caution.

Arbitrum's market sentiment appears cautiously optimistic, with a slight upward trend in a tight price range. With key support levels holding, there's potential for growth if market conditions align.

BlastUP stands out among tokens for its innovative concept within the Blast ecosystem. This project has drawn attention for its growth potential, making it a strategic choice for investors seeking substantial gains during the current bull run. #SolanaInvesting #Blast #Optimisim #MATIC✅ #Cryptocurrencies

Pantera Capital, a crypto-focused venture capital firm managing over $5 billion in assets, has invested in TON, according to The Block.

Pantera Capital announced the investment in TON in a statement today, saying:

"We believe that TON has the potential to bring crypto to a much larger audience, given its widespread use on the Telegram network.

We see TON as being in its early development stages, and we are eager to see how the Telegram user base adopts its ecosystem and new features.

The scalability of the TON network allows transactions between two users for a flat fee of about $0.10, which is 66% cheaper than other crypto payment platforms. Furthermore, built-in onramps and offramps, such as bank transfers and exchanges, are being introduced to enhance accessibility and usability."

TON is a Layer 1 blockchain network initially created by the messaging platform Telegram and is now maintained by an open-source community.

Following the announcement, the price of TON began to climb. #altcoins #TONCOİN #Cryptocurrencies #AltcoinStrategies #BlockchainJob

While Bitcoin's steady decline, which started in April, continues into May, investors are eagerly awaiting the start of the real bull rally.

At this point, popular analyst Ali Martinez mentioned to investors that the MVRV rate for Bitcoin indicates a potential bottom.

Martinez explained that whenever the MVRV rate drops below 9%, it is typically followed by significant price increases, pointing out that the current BTC MVRV rate is 11.6%.

According to him, if past patterns hold, the MVRV ratio is signaling a bottom and a potential rise in Bitcoin.

Looking at historical data, he noted that during the last three instances when the MVRV rate fell below 9%, the price of Bitcoin increased by 64%, 63%, and 99% respectively. Martinez said:

"The last three times in the past two years when Bitcoin's 30-day MVRV fell below 9%, BTC's price increased by 64%, 63%, and 99% respectively.

The current 30-day MVRV for Bitcoin is at 11.6%. This might indicate that it's a good time to buy the dip!"

Analyzing the historical trends of Dogecoin, the analyst noted that the ongoing correction in DOGE's price is consistent with its typical pattern before significant bull runs.

Looking at its behavior in 2017 and 2021, he explained that DOGE usually breaks out of a descending triangle and then undergoes a significant pullback before experiencing a bull rally.

He mentioned that DOGE recently broke out of a descending triangle and experienced a 47% drop, suggesting that this could precede a significant bull run.

"In 2017, DOGE broke out of a descending triangle, then retreated 40% before a 982% bull run!

In 2021, DOGE broke out of the descending triangle again, then pulled back 56% before surging 12,197%!

Now, in 2024, DOGE has broken out of the descending triangle once again!

It's currently undergoing a 47% correction, which is very similar to previous cycles, and this could be setting the stage for the next big DOGE bull run!" #BTC #bitcoinhalving #bitcoin #Dogecoin‬⁩ #Cryptocurrencies

Binance Earn is excited to announce a promotion for SOL Locked Products, BNB Locked Products, and ETH Staking. By completing subscriptions to SOL Locked Products, BNB Locked Products, and/or ETH Staking, you can earn a variety of rewards:

- A share of 7,777 ACE in airdrop rewards;
- Earn up to 8.9% in APR with SOL Locked Products positions;
- Earn up to 1.69% APR in BNB rewards, along with ongoing Megadrop and Launchpool rewards with BNB Locked Products positions (where applicable);
- Earn approximately 3% in dynamic APR with ETH Staking.

Promotion: Subscribe to SOL Locked Products, BNB Locked Products, or ETH Staking to share in 7,777 ACE of airdrop rewards.

Promotion Period: From April 30, 2024, 00:00 (UTC) to May 13, 2024, 23:59 (UTC).

During the promotion period, users who meet the following criteria will be eligible to participate:

- Opt-in to the promotion
- Subscribe to SOL Locked Products with at least 1 SOL, BNB Locked Products with at least 0.5 BNB, or stake ETH with at least 0.05 ETH.

All eligible users will be ranked by their net subscription amount during the promotion period. The top 500 users will qualify to share the rewards listed in the table below. #SolanaInvesting #Megadrop #Solana’ #Altcoins👀🚀 #Cryptocurrencies

There are several indicators suggesting that the launch of EigenLayer's EIGEN token is approaching quickly.

To start, the Eigen Foundation registered certain subdomains for the token launch on their website, which has been taken as a sign that the EIGEN token is about to be released.

Additionally, developers published the EIGEN token's whitepaper on GitHub, further hinting at the token's imminent launch.

EigenLayer is viewed by some as one of the most highly anticipated airdrops in cryptocurrency history.

EigenLayer revolves around the concept of "restaking," which allows the security of the Ethereum blockchain to be reused for additional protocols, specifically Application-Specific Validators (AVSs). In essence, restaking involves taking ETH that investors have staked on the main Ethereum chain and using it again to secure other protocols such as blockchain bridges, cryptocurrency exchanges, or data storage systems.

The benefit for EigenLayer investors, known as "Restakers," is that they can earn additional returns on top of the interest they already receive for staking ETH.

EigenLayer also has a fee structure that provides a source of revenue, which it plans to use to pay interest to depositors, serving as a key incentive for restaking.

Requests for the EigenLayer token will begin on May 10.

The EIGEN token will launch with a total supply of 1.67 billion tokens. The foundation has allocated 45% of the tokens to its community. This allocation is further divided into stakedrops (15%), community initiatives (15%), and ecosystem development (15%).

Moreover, 29.5% of the tokens will go to investors, while early contributors will receive 25.5%. Both investors and early contributors will have a three-year lock-up period for their allocations. This includes a full lock-up for the first year, followed by a gradual release of assets at a rate of 4% per month over the following two years. #Airdrop_Opportunity #Cryptocurrencies #AltcoinStrategies #Altcoins👀🚀 #EthereumPower

Analysts believe that Bitcoin and altcoins might enter a new upward trend over longer timeframes, as the signs become more apparent despite the recent consolidation in BTC's price.

Bitcoin surpassed $64,000 before the weekly close on April 28, while altcoins sought to rebound.

Data from TradingView indicated a stronger price action for BTC over the weekend. After hitting weekly lows of $62,400, BTC/USD bounced back and managed to hold a higher ground, settling around $63,500.

Altcoins also performed well during "off-hours" trading, with the total market cap for altcoins rising by about 1% on the day.

"The altcoins have rebounded quite well, but they still need to break the pattern of setting weekly highs from Monday to Tuesday," replied the popular trader Skew on X (formerly Twitter), referencing recent market trends.

Skew, however, suspected that selling pressure might kick in for Bitcoin around its peak levels, potentially holding back the bulls from making further progress.

"The altcoins have rebounded quite well, but they still need to break the pattern of setting weekly highs from Monday to Tuesday," replied the popular trader Skew on X (formerly Twitter), referencing recent market trends.

Skew, however, suspected that selling pressure might kick in for Bitcoin around its peak levels, potentially holding back the bulls from making further progress. #BTC #bitcoin #bitcoinhalving #AltcoinStrategies #Cryptocurrencies

Despite the recent downturns in Bitcoin (BTC) and other altcoins, which have fueled uncertainty in the market, CoinShares released the results of its survey conducted among crypto asset fund managers.

Sharing the survey findings on its account

The key points from the survey results are summarized as follows:

“-In our first survey since the approval of spot Bitcoin ETFs in the US, 41% of investors believe Bitcoin has the most promising growth outlook, keeping Bitcoin at the top of the list.

-The share of cryptocurrencies in investment portfolios rose from 1.3% to 3%, the highest level recorded since the survey began in 2021.

-It's no surprise that the primary driver of this increase is institutional investment, particularly from those who have gained exposure to Bitcoin through US-based ETFs.

-Although Ethereum remains the second most popular asset in portfolios, investor interest has waned since January.

-Investors are diversifying into altcoins, with a growing interest in Solana (SOL). “At this point, there is a remarkable increase in SOL acquisitions.”

While institutional investor interest in Solana has surged, XRP has seen a considerable decline. Not a single respondent indicated that they currently hold XRP. #Solana’ #Cryptocurrencies #bitcoinhalving #BTC #bitcoin

After enjoying record profits during the recent Bitcoin halving, miners now face a significant drop in hash rate.

Following their record-breaking earnings on the day of the Bitcoin halving, miners are now confronted with a different reality: a high network hash rate and lower revenues are squeezing profits.

The average revenue a Bitcoin miner earns per hash, also known as the hash price, has reached its lowest point since October 2023. According to the cryptocurrency analytics firm CryptoQuant, the hash price for miners fell from nearly $0.12 at the start of April to $0.07 after the halving, following a peak of $0.19 on the halving day.

The Bitcoin halving event reduced miners' block rewards from 6.25 BTC to 3.125 BTC, while the industry's operational costs have remained stable. The CEO of CryptoQuant, Ki Young Ju, estimated that the cost of mining with Antminer S19 XPs would increase from $40,000 to $80,000 after the halving. #Bitcoin❗️ #BTC🌪️ #MiningOpportunity #Cryptocurrencies #CryptocurrencyAlert

Smart portfolio choices can drive substantial returns, with the market's surge in 2024 already indicating significant growth potential. While some cryptocurrencies continue to be investor favorites, lesser-known alternatives are beginning to gain traction. This article explores five such cryptocurrencies that could change investment strategies and are poised for notable progress in the market, despite the usual focus on more mainstream tokens. It's time to consider options that might redefine success for crypto investors.

CYBRO introduces a unified marketplace designed for consistent crypto earnings, leveraging the innovative Blast blockchain.

Solana (SOL) has experienced a notable increase of 15.96% in value over the past week, despite a 14.14% decline over the last month. Ondo token has surged in price over six months, posting an incredible 2846.67% increase. Aptos (APT) has seen mixed price trends recently; over the last week, it rose by about 7%, indicating a short-term upward trajectory. Polygon (MATIC) also displayed varied price trends, with a notable 6.69% increase in the last week, suggesting positive movement.

To summarize, while SOL, ONDO, APT, and MATIC might have potential, their short-term prospects appear somewhat limited. In contrast, CYBRO presents a compelling opportunity. As a unique platform within the Blast blockchain ecosystem, CYBRO stands out for its innovative approach. With its market entry set for the second quarter of 2024, CYBRO invites early investors to join the movement by participating in the presale of CYBRO tokens. This offers a chance to get involved with the project early, potentially leading to favorable outcomes for those who act quickly. #Solana⁩ #MATIC✅ #Cryptocurrencies #Ondo #APT.

Binance, a leading global cryptocurrency exchange, has introduced Renzo (REZ) as the 53rd project in its Launchpool, a liquidity repurchase protocol aimed at boosting user participation in the crypto ecosystem.

The Launchpool page for Renzo (REZ) is expected to go live in about 5 hours, just before Launchpool officially launches.

Users will be able to deposit BNB and FDUSD tokens into separate pools to farm REZ tokens over a six-day period, starting at 03:00 on April 24, 2024.

Listing Details

After the farming period, Binance will list REZ tokens for trading beginning at 15:00 on April 30, 2024.

REZ will be available for trading in several pairs, including REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY. The Seed Tag will be applied to REZ at the time of listing.

REZ Launchpool Information

- Token Name: Renzo (REZ)
- Maximum Token Supply: 10,000,000,000 REZ
- Launchpool Token Rewards: 250,000,000 REZ (2.5% of the maximum token supply)
- Initial Circulating Supply: 1,050,000,000 REZ (10.50% of the maximum token supply)
- Smart Contract Platform: Ethereum
- Staking Requirements: KYC required
- Per User Hourly Fixed Cap:
- 147,569.44 REZ in the BNB pool
- 26,041.67 REZ in the FDUSD pool
- Rewards for BNB Pool: 212,500,000 REZ (85%)
- Rewards for FDUSD Pool: 37,500,000 REZ (15%)
- Farming Period: April 24, 2024, 03:00 – April 29, 2024, 02:59

Binance underscores that it will be the first platform to list REZ tokens, with trading set to start at 15:00 on April 30, 2024. Any claims of REZ tokens being available before this timeline are considered false advertising.

Binance advises users to conduct their own research to ensure the safety of their funds. #BinanceLaunchpool #RENZO #REZ #Launchpool‬ #AltcoinStrategies

The 4th Bitcoin halving took place at block 840,000. An interesting fact about this block is that it had the highest transaction fees in the network's history, making it the most expensive block ever mined. It collected approximately 37 Bitcoins in fees, plus a 3.125 BTC reward, for a total of 40.7 BTC.

Around the time of the halving, Bitcoin's price remained stable with little fluctuation, hitting a low of $62,953. After the event, the price continued to move sideways without much volatility.

However, according to Ana de Mattos, a technical analyst and partner trader at Ripio, when analyzing the 4-hour chart, a significant liquidity zone can be observed around $67,650.

This region aligns with the 0.618 level on the Fibonacci retracement, indicating it could act as a short-term resistance point.

She notes that if Bitcoin's price breaks through the $67,650 resistance with considerable buying pressure, the next resistance levels would be at the upper boundaries of the range observed since March 5th, with price targets at $70,700 and $73,777. #BTC🌪️ #bitcoinhakving #BTC🔥🔥🔥🔥🔥🔥 #Cryptocurrencies #CryptocurrencyAlert

After a week filled with geopolitical tensions affecting the cryptocurrency market and a focus on the upcoming Bitcoin halving, many altcoins are set for token lock openings in the new week.

Here's the token unlocking schedule that we've compiled for you:

Maverick Protocol (MAV)
Market Value: $104.38 million

Token Unlock Amount: $4.60 million (4.43% of Market Cap)

Date: 28 April 2024, 03:00

Radworks (RAD)
Market Value: $94.11 million

Token Unlock Amount: $2.86 million (3.04% of Market Cap)

Date: 28 April 2024, 03:00

Clearpool (CPOOL)
Market Value: $86.98 million

Token Unlock Amount: $1.32 million (1.51% of Market Cap)

Date: 28 April 2024, 03:00

Open Campus (EDU)
Market Value: $181.65 million

Token Unlock Amount: $8.63 million (4.76% of Market Cap)

Date: April 28, 2024, 18:00

ECOx (ECOX)
Market Value: $41.35 million

Token Unlock Amount: $1.28 million (3.10% of Market Cap)

Date: April 28, 2024, 18:00

These token unlocks could lead to shifts in the market, potentially affecting each token's value and liquidity. It's always wise to monitor these events and consider how they might impact your investment strategy. #Altcoinseason2024 #Altcoins👀🚀 #cryptocurrencies #tokens

After a week filled with geopolitical tensions affecting the cryptocurrency market and a focus on the upcoming Bitcoin halving, many altcoins are set for token lock openings in the new week.

Here's the token unlocking schedule that we've compiled for you:

Mask Network (MASK)
Market Value: $339.54 million

Token Unlock Amount: $2.26 million (0.67% of Market Cap)

Date: April 24, 2024, 11:00

H2O Dao (H2O)
Market Value: $160.64 million

Token Unlock Amount: $1.67 million (1.04% of Market Cap)

Date: April 25, 2024, 03:00

Pintu Token (PTU)
Market Value: $7.32 million

Token Unlock Amount: $1.56 million (21.27% of Market Cap)

Date: April 25, 2024, 03:00

GateToken (GT)
Market Value: $669.52 million

Token Unlock Amount: $46.39 million (6.91% of Market Cap)

Date: April 26, 2024, 03:00

Dogechain(DC)
Market Value: $18.92 million

Token Unlock Amount: $2.20 million (11.64% of Market Cap)

Date: April 26, 2024, 03:00

BreederDAO (BREED)
Market Value: $7.57 million

Token Unlock Amount: $3.51 million (46.27% of Market Cap)

Date: April 26, 2024, 03:00

Flow
Market Value: $1.38 billion

Token Unlock Amount: $6.38 million (0.46% of Market Cap)

Date: 27 April 2024, 08:00

Axle (AXL)
Market Value: $774.22 million

Token Unlock Amount: $30.18 million (3.90% of Market Cap)

Date: 27 April 2024, 08:00

Yield Guild Games (YGG)
Market Value: $346.02 million

Token Unlock Amount: $9.55 million (2.77% of Market Cap)

Date: April 27, 2024, 17:00

Fetch.ai (FET)
Market Value: $2.03 billion

Token Unlock Amount: $8.00 million (0.39% of Market Cap)

Date: 28 April 2024, 03:00

Chromia (CHR)
Market Value: $257.95 million

Token Unlock Amount: $1.79 million (0.70% of Market Cap)

Date: 28 April 2024, 03:00

These token unlocks could lead to shifts in the market, potentially affecting each token's value and liquidity. It's always wise to monitor these events and consider how they might impact your investment strategy. #BullorBear #Cryptocurrencies #Altcoins👀🚀 #AltcoinStrategies #YGG/USDT

seiAfter a week filled with geopolitical tensions affecting the cryptocurrency market and a focus on the upcoming Bitcoin halving, many altcoins are set for token lock openings in the new week.

Here's the token unlocking schedule that we've compiled for you:

Covalent (CQT)
- Market Cap: $127.92 million
- Token Unlock Amount: $1.81 million (1.42% of Market Cap)
- Date: April 22, 2024, 08:00

Algorand (ALGO)
- Market Cap: $1.52 billion
- Token Unlock Amount: $6.22 million (0.41% of Market Cap)
- Date: April 22, 2024, 09:00

AltLayer (ALT)
- Market Cap: $455.62 million
- Token Unlock Amount: $1.43 million (0.31% of Market Cap)
- Date: April 22, 2024, 09:00

Sei (SEI)
- Market Cap: $1.07 billion
- Token Unlock Amount: $1.38 million (0.13% of Market Cap)
- Date: April 22, 2024, 18:00

Space ID
- Market Cap: $431.11 million
- Token Unlock Amount: $15.38 million (3.59% of Market Cap)
- Date: April 22, 2024, 23:00

Cartesi (CTSI)
- Market Cap: $166.67 million
- Token Unlock Amount: $4.55 million (2.74% of Market Cap)
- Date: April 23, 2024, 03:00

Bonfida (FIDA)
Market Value: $42.41 million

Token Unlock Amount: $6.21 million (14.65% of Market Cap)

Date: April 23, 2024, 03:00

Moonwell (WELL)
Market Value: $85.29 million

Token Unlock Amount: $4.44 million (5.22% of Market Cap)

Date: April 23, 2024, 09:00

Coin98 (C98)
Market Value: $216.20 million

Token Unlock Amount: $5.73 million (2.65% of Market Cap)

Date: April 23, 2024, 19:00

Chainflip (FLIP)
Market Value: $54.81 million

Token Unlock Amount: $3.71 million (6.76% of Market Cap)

Date: April 23, 2024, 21:00

Ribbon Finance (RBN)
Market Value: $633.23 million

Token Unlock Amount: $25.31 million (3.99% of Market Cap)

Date: April 24, 2024, 03:00

These token unlocks could lead to shifts in the market, potentially affecting each token's value and liquidity. It's always wise to monitor these events and consider how they might impact your investment strategy. #AltcoinStrategies #Cryptocurrencies #FET #BullorBear #Altcoins👀🚀

Investor interest in projects at the intersection of artificial intelligence (AI) and cryptocurrency has surged recently. In 2024, as AI enthusiasm reached new levels, numerous cryptocurrencies that marketed themselves as AI-focused saw notable price increases.

Despite the fascinating prospects at this technology crossroads, the recent burst of interest might have led to inflated valuations for many AI-themed cryptocurrencies. As is common in crypto markets, amid all the hype, only a few projects are likely to endure and maintain their value over time.

In my opinion, Render (CRYPTO: RNDR) and Bittensor (CRYPTO: TAO) show genuine promise for long-term growth, offering tangible utility beyond mere buzz.

Render is a blockchain network designed to democratize access to resources for content rendering, specifically high-powered video cards (GPUs). Launched in 2017, Render was born from the innovative idea of using blockchain to transform graphics rendering.

Rendering—the process of generating detailed images from 3D models—requires considerable time and specialized hardware to meet the high-quality visuals demanded by modern cinema, video games, and other digital media. Render's blockchain connects users needing GPU power with those who have it, allowing creators to generate top-notch 3D content without investing in expensive equipment.

Render employs a dynamic pricing system that assesses each rendering task's GPU requirements, distributing workload efficiently across the available GPUs on its network. An advanced algorithm manages resource allocation, with selected GPUs completing the rendering process to deliver the final output. Content creators compensate GPU providers with RNDR tokens, based on the complexity and resources used in their rendering tasks. #Altcoinseason2024 #Cryptocurrencies #CryptocurrencyAlert #AICryptoRevolution #TAO

Despite a drop in pre-halving ETF inflows, Bitcoin could resume its upward trend toward new all-time highs, as the next wave of institutional investors prepares to gain exposure to BTC.

The fourth Bitcoin halving, which took place on April 20, could herald a "more bullish" Bitcoin cycle, based on historical chart patterns combined with the presence of spot Bitcoin exchange-traded funds (ETFs).

For the first time in cryptocurrency history, the price of Bitcoin reached a new all-time high above $73,600 on March 13, before the halving. Historically, Bitcoin's price hit new highs between 518 and 546 days after past halvings.

The pre-halving all-time high, along with institutional inflows from the ten U.S. spot Bitcoin ETFs, has created the "most bullish setup" for Bitcoin, according to Sukhveer Sanghera, founder and CEO of Earth Wallet. #bitcoinhalving #Cryptocurrencies #BTC🔥🔥🔥🔥🔥🔥 #bitcoinhalvingn #Altcoinseason2024

Grayscale, a prominent provider of Bitcoin ETFs, has released information about its new subsidiary fund, the Bitcoin Mini Trust (BTC). According to the latest filings, this new fund stands out due to its competitive fee structure, with a fee of just 0.15%, which is significantly lower than the 1.5% fee associated with its parent product, the Grayscale Bitcoin Trust (GBTC).

The filing also indicates that Grayscale plans to allocate 63,204 Bitcoins to the mini trust, representing about 10% of GBTC's current assets. Shares of the BTC trust will be automatically issued and distributed to current GBTC shareholders.

As noted in the official announcement, the Bitcoin Mini Trust is intended to give GBTC investors a more cost-effective option while aligning more competitively with other Bitcoin ETFs that were approved earlier this year. Importantly, the spin-off is considered a non-taxable event for existing GBTC shareholders, meaning they won't face capital gains tax when transferring to the new fund.

Launched through a private placement over a decade ago, GBTC started trading publicly on an over-the-counter basis in mid-2015. This continued until January 2024, when GBTC began trading as a spot Bitcoin ETF on NYSE Arca.

Bloomberg ETF analyst Eric Balchunas commented on this development, saying, "Wow, the GBTC's mini Bitcoin Spot ETF will have a 15 basis points fee, making Grayscale's BTC ETF the most affordable in the market. It's important to note that this is based on a preliminary financial statement and is hypothetical. This doesn't necessarily mean BTC's fee will be 15 bps. But the fact that they chose this number, knowing people would take note, shows their commitment to low fees." #BitcoinHodlers #BTC🔥🔥🔥🔥🔥🔥 #Cryptocurrencies #BTC🌪️ #CryptocurrencyAlert

Undoubtedly, one of the most discussed topics in the cryptocurrency market right now is the Bitcoin Halving, which is only hours away amidst recent declines.

Investors who witnessed a new All-Time High (ATH) before the halving were anticipating a robust BTC rally afterward. However, tensions between Iran and Israel have cast a shadow over the halving and dampened rise expectations.

While investors were concerned about the delayed rally post-halving, updated assessments have been provided by analysts from 21Shares and Coinbase, notably David Han.

In a recent report, 21Shares analysts highlighted that tensions in the Middle East may cause potential fluctuations in Bitcoin prices. They argue that BTC is likely to continue trading sideways until the situation between the two countries becomes clearer.

In addition to the insights from 21Shares analysts, David Han, in his weekly Coinbase report, also emphasized the impact of macroeconomic factors exacerbated by tensions in the Middle East.

Han noted that geopolitical tensions in the region are negatively impacting macroeconomic factors, which, in turn, affect the BTC and crypto market.

The analyst points out that while previous halvings historically initiated a bull market, these increases are often accompanied by additional catalysts. He believes that the surge in demand for BTC ETFs and institutional adoption will play a significant role in the expected rise following this halving. #bitcoinhalving #BTC🔥🔥🔥🔥🔥🔥 #Cryptocurrencies #HalvingComingSoon #BitcoinHodlers