Could Raboo Be the Next Big Crypto, Attracting Tron and Filecoin Investors Who Are Looking for Bigger Gains?

In a market where innovation and potential for growth are highly sought after, investors from platforms like Tron and Filecoin are now turning their attention to the presale of Raboo (RABT), a project that’s quickly gaining momentum as a promising investment opportunity in the crypto exchange arena.

With a presale price of just $0.003, Raboo stands out for its affordability and innovative approach that diverges from traditional meme coin concepts. Here’s why Raboo is catching the eyes of investors looking for the next big crypto.

Tron (TRX): Revolutionizing Digital Content Sharing
Tron has emerged as a key player in the blockchain landscape, aimed at decentralizing the world of digital content sharing. With its cryptocurrency, Tronix (TRX), Tron has built a global entertainment system where creators can directly sell their content to consumers, eliminating traditional middlemen. This vision, combined with the platform’s substantial user base and integration of BitTorrent, highlights Tron’s commitment to reshaping how content is consumed and monetized.

Yet, Tron faces criticisms regarding its originality and the sustainability of its growth amid stiff competition from other blockchain platforms, raising concerns. Additionally, the fluctuating TRX market price poses a challenge, pushing investors to consider newer, potentially more lucrative investment opportunities in the next big crypto projects.

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Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Dogecoin, Solana.

Bitcoin has lost 0.36% in the last 24 hours, trading at $66,156.36. It is 6.06% down compared to last week.
The second most popular token, Ethereum, has dropped 1.31% from yesterday to trade at $3,309.85. It has fallen 8.10% from last week.
Bitcoin and Ethereum have a market capitalization of $1,301 billion and $402.49 billion, respectively.

BNB is currently trading at $555.94, down 0.31% from yesterday and 3.93% from last week.
XRP's price today is $0.55 after falling down 1.44% in the last 24 hours. Compared to last week, it is 7.06% down.
Cardano and Dogecoin are trading at $0.55 (down 1.20%) and $0.11 (down 0.25%), respectively.

Solana has gained 3.3% today
Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $188.33 (up 3.31%), $8.66 (down 0.11%), $0.000022 (up 1.16%), and $0.99 (flat), respectively.
Looking at the weekly chart, Solana is 0.33% down while Polka Dot has slipped 10.54%.
In the past week, Shiba Inu's value has decreased by 13.1% whereas Polygon has lost 13.21%.

Looking at the 24 hourly movement, the top five gainers are Ethena, Bitget Token, Flare, BOOK OF MEME, and Internet Computer. They are trading at $0.88 (up 17.28%), $1.19 (up 10.22%), $0.033 (up 9.07%), $0.011 (up 8.83%), and $18.22 (up 8.63%), respectively.

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Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs.

On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s).

Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain
Arkon Energy has revealed its acquisition of 27,700 bitcoin application-specific integrated circuit (ASIC) mining units from the renowned manufacturer Bitmain. The company specified that it would receive 13,500 S21 Antminer rigs and 14,200 T21 mining machines. The delivery, scheduled to begin in June 2024, will enhance the firm’s joules per terahash (J/T) efficiency.

Following this recent acquisition, Arkon’s collection of mining devices is projected to achieve an efficiency rate of 19 J/T moving forward. The agreement with Bitmain is strategically timed just before the fourth Bitcoin halving event, anticipated to occur in 17 days. Furthermore, over the preceding six months, numerous mining companies have procured thousands of new machines and have expanded their operations in anticipation of the upcoming reduction in block rewards.

“We are very excited to announce the purchase order of 6 EH/s worth of new generation Antminer S21s and T21s from Bitmain,” expressed Arkon’s founder, Josh Payne, on Tuesday. “This transaction marks a turning point for Arkon, as we become a vertically integrated operator of both Hosting and Self Mining infrastructure across our portfolio of data centers in Texas and Ohio.”

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Bitcoin resets bull market BTC price metrics as April dip passes 7%.

Bitcoin BTC tickers down $65,835 is resetting multiple key metrics as the BTC price drop flushes out leverage.

Data from Cointelegraph Markets Pro and TradingView shows BTC/USD currently acting around $66,000 after falling 5% in a single hourly candle.

Bitcoin may be down 7% in April, but a retest of support is already having a cathartic effect on overheated markets.

As Cointelegraph reported, with the latest drop came a major liquidation event — one which, at the time of writing, totaled $400 million for Bitcoin and altcoins combined.

With it, per data from monitoring resource CoinGlass, funding rates started turning negative.

“Prices are pushing lower, and funding rates plummet as a result,” popular trader Jelle commented in a post on X.

“BTC & ETH margined contracts already into the negatives. All leverage must be destroyed before price discovery.”

In the latest edition of its “Asia Morning Color” market updates sent to Telegram channel subscribers, trading firm QCP Capital acknowledged the significant change in the funding landscape.

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Why is crypto down today? The start of outflows.

The global cryptocurrency market has notably declined as Bitcoin (BTC) dipped close to the $66,000 mark.

According to data provided by CoinGecko, the global crypto market capitalization plunged by 4.6% in the past 24 hours and is sitting at $2.63 trillion at the time of writing. The daily trading volume, however, increased by 42%, reaching $134.77 billion, per CoinGecko.

The marketwide decline comes as the leading cryptocurrency, Bitcoin, dropped from $70,000 to $66,400 over the past 24 hours. The BTC market cap is currently hovering around the $1.3 trillion mark with a 24-hour trading volume of $40 billion.

Moreover, Bitcoin ETFs recorded a total net outflow of $85.7 million on April 1, according to data from Farside Investors. Data shows these investment products reached a total of $862 million in inflows last week.

On March 31, Tether, the company behind the largest stablecoin, purchased 8,888 Bitcoins for $618 million — the average price of each coin is $69,531. The firm currently holds over 75,000 BTC at an average price of $30,305.

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Bitcoin 5% flash crash leads to $165M in leveraged crypto liquidations.

A sudden 5% drawdown in the price of Bitcoin
BTC tickers down $66,157 on Tuesday has seen traders with leveraged exposure to Bitcoin and other cryptocurrencies rack up over $165 million in losses in less than two hours.

Bitcoin plunged 5% from $69,450 to as low as $65,970 in less than 30 minutes in early hours on March 2 UTC, per TradingView data.

According to data from Coinglass, Bitcoin’s sharp wick down saw more than $165 million in leveraged positions wiped out, with just over $50 million in Bitcoin longs and more than $40 million in Ether
ETH tickers down $3,338 longs accounting for the bulk of that figure.

Roughly $6 million in long positions on Dogecoin
DOGE tickers down
$0.18 and $4 million in Solana’s SOL
SOL tickers down $182 were liquidated, trailing BTC and ETH.

Around the same time as the drawdown, Bitcoin exchange-traded funds (ETFs) posted a net outflow of $86 million, breaking a four-day positive inflow streak, per FarSide data.

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Top Crypto Events to Watch in April 2024.

April 2024 is an important month in the growth and development of the world of cryptocurrencies. There are a series of significant events lined up on the horizon. From the eagerly awaited Bitcoin halving to legal battles involving prominent figures and groundbreaking project launches, the month ahead promises a flurry of activity and speculation.

Bitcoin Halving
At the forefront is the fourth Bitcoin halving, scheduled for April. Analysts, including Michaël van de Poppe, anticipate that this event could spark a surge in altcoin prices, potentially reshaping market dynamics. Signs of this shift are already visible, with Bitcoin exhibiting notable volatility, even surpassing Ether in recent times before the halving.

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Dogecoin: Doge is Forecasted to Hit This Critical Milestone Soon!

Amid the shiny new meme coins that have entered the cryptocurrency space, seasoned altcoins have been quietly making new waves in the market. Among all the leading meme coins, Doge seems to be gaining incredible momentum as of late, trading at a significant price threshold of $0.22.

Dogecoin has recently become a favorite among crypto traders. The token has noted a surge of 24% in the past week. Doge is up 78% in the last month, making it a notable coin to explore and interact with.

Dogecoin’s current surge has been regarded as notable all across the space, with crypto analysts busy predicting its future price trajectory. Mimicking its classic 2018–2021 price ascent path, Dogecoin may soon hit a critical price mark.

Dogecoin is gaining incredible popularity among the masses. The crypto is trading at a near-3% high in the last 24 hours, stable at $0.2153. The token’s positive price hike has compelled crypto analysts to predict its future price patterns.

Per a notable crypto analyst, Ali, DOGE seems to be mimicking its “iconic” 2018–2021 price route. From a technical perspective, Dogecoin’s candlestick chart is signaling its potential parabolic breakout soon.

If the predictions come true, DOGE can soon take over other leading meme coins to establish its dominance. With Coinbase holding discussions to launch dog-inspired futures, the token’s popularity can skyrocket to new heights.

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USDT OTC ‘Thieves’ Arrested in South Korea’s Gangnam District.

Police in Gangnam, an affluent district of Seoul, South Korea, have arrested 10 people accused of stealing money in a bogus USDT OTC trade.

Per Maeil Kyungjae, police say a “gang” lured a “victim” into a street in the Yeoksam Neighborhood.

Officers said the gang told the “victim” and associates they would sell USDT tokens for a discount price.

USDT OTC ‘Thieves’ Strike in Heart of Seoul
Police said the incident took place at 12:42 AM on March 21. The parties appear to have met online and agreed on a price of just over $74,000 for an undisclosed amount of USDT tokens.

Officers said the “gang” met the “victim” and a group of the latter’s friends and asked to count the cash.

While pretending to count the banknotes, the “gang” allegedly assaulted the “victim’s group” and ran away with the money – without transferring any coins.

Police said they arrested three suspects who fled in a vehicle “near the scene of the crime.”

Four other people escaped “using another vehicle,” police said, and were arrested on the same day in Anseong, Gyeonggi Province.

Two other suspects appear to have escaped to the southern port city of Busan, where local police arrested them.

The alleged ringleader who police said “planned the crime and recruited accomplices” was arrested four days later, “on the night of March 25, in Cheonan, South Chungcheong Province.”

Police said on April 1 that their investigation “determined” that the gang’s members originally planned their raid in Busan.

The gang may have had other crypto-keen targets, police said, with some members tasked with “identifying and winning over” crypto traders.

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Dogecoin (DOGE) to See April Gains as it Preps ‘Parabolic’ Rally.

The digital asset market is preparing for what should be a vital month in terms of overall value increase. Amid the meme coin mania that filled the market last month, the original asset is poised to grow. Indeed, Dogecoin (DOGE) is expected to continue its gains into April as it prepares for a “parabolic” rally.

The asset has increased more than 52% in March, according to CoinMarketCap. Although the first day of the new month has brought a bit of a price correction, there is optimism about how it could perform. Specifically, one crypto analyst has identified a historical analysis that could lead to massive increases in price.

The digital asset market is preparing for a massive month. The Bitcoin Halving event is set to take place and should have a massive effect on the overall industry. In March, Bitcoin led impressive gains with its ascension to a landmark $73,000. Subsequently, the impact on its circulating supply should similarly impact the industry as a whole.

One of the most positively affected groups has been meme coins, who surged throughout March. However, the newcomers who faced a meteoric rise may not have the overwhelming upside associated with the original. Specifically, Dogecoin (DOGE) is expected to continue its gains into April as it prepares for what could be a “parabolic” rally.

Crytpo analyst Ali Martinez took to X (formerly Twitter) to discuss the asset’s immense potential. Indeed, he noted many traders have been “distracted” by the rise of meme coin competitors. However, he states the DOGE “remains the most important t[altcoin] in the sector.”

Furthermore, Matinez highlighted the potential in the asset growth trajectory. “From a technical perspective, [DOGE] seems to mirror the 2018-2021 pattern,” he said. “If so, [DOGE} could be at the very beginning of a massive parabolic bull run.”

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BlockDAG’s Presale Surpasses $10.9 Million Milestone; Solana DeFi TVL Rebounds &Amp; Bitcoin ETFs Surge.

In the wake of a $4.4 billion resurgence in Solana DeFi TVL and a noteworthy $400 million surge in Bitcoin ETF inflows, BlockDAG has quietly become a frontrunner in the crypto market, securing a formidable $10.9 million in its ongoing presale phases. As BlockDAG prepares to conclude its fifth presale batch, priced at a mere $0.003 per coin, investors are eyeing a potential 10,000x return on investment upon its official launch, positioning BlockDAG as not only the premier choice in the current crypto arena but also a potential disruptor poised for exponential growth.

BlockDAG is distinguished in the industry, with an impressive presale achievement of $10.9 million. The company forecasts a potential 5000x return on investment as it advances from Batch 4 to Batch 5. This article takes a cursory look into BlockDAG’s inventive approach to community involvement, setting it apart from rivals such as Solana and Bitcoin, and consequently establishing it as an enticing investment opportunity for those exploring alternative cryptocurrencies in April 2024.

Solana DeFi TVL: A Remarkable Recovery
Solana DeFi TVL has rebounded to $4.4 billion, showing a period of steady recovery over the last 23 months. This resurgence marks a significant turnaround from the lows experienced following the FTX incident, underscoring Solana’s resilience and potential. Despite challenges, Solana has regained its footing, attracting an array of crypto projects and solidifying its position in the DeFi ecosystem.

Bitcoin ETFs: A Resilient Rebound
Bitcoin ETFs have witnessed a remarkable resurgence, with inflows exceeding $400 million early this week, following a period of significant outflows triggered by GBTC liquidations. Notably, Grayscale’s GBTC ETF experienced a decrease in outflows, indicating stabilisation after previous losses.

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Koala Coin (KLC) Becomes the New Meme Sanctuary Winning Hearts of Shiba Inu (SHIB) and Dogecoin (DOGE) Fans.

Contrary to popular belief, there’s plenty of room for new stars in the meme coin universe. Koala Coin (KLC), currently in presale stage one at $0.014, is quickly becoming the community’s next favorite project. Hurry, as FOMO grows, securing your spot in this emerging meme sanctuary promises unprecedented joy and potential rewards.

Koala Coin (KLC): Unique Charm and Journey
Koala Coin (KLC) blends meme magic with a mission to bring people together, making it truly one-of-a-kind. Every transaction is a chance to join a community that prioritizes laughter and unity. Don’t miss the chance to be part of this joyful story.

When it comes to currencies and investment, Koala Coin (KLC) offers a fresh platform where finance and fun come together smoothly. Its technology ensures safety and ease, welcoming both experienced crypto users and newcomers. Join the movement now and experience something unique.

Shiba Inu (SHIB) in the Meme Coin Spotlight
Shiba Inu (SHIB), often called the “Dogecoin (DOGE) killer,” has become popular in the meme coin world thanks to its unique charm and strong community. Its recent increase of 18.10% in a week and a whopping 215.49% in a month show the impressive growth of Shiba Inu (SHIB).

Despite being a meme coin, Shiba Inu (SHIB) has shown smart pricing at $0.00003 and marketing strategies, which have helped it succeed in the crypto world. This growth and resilience make Shiba Inu (SHIB) a model for Koala Coin (KLC), which aims to attract a similar audience with its own mix of charm and usefulness.

Dogecoin (DOGE): The Original Meme Coin Pioneer
Dogecoin (DOGE), known as the original meme coin, remains popular among its community for its playful vibe and strong support. Currently priced at $0.18, it has surged by 37.65% in a week and an impressive 93.51% in a month, showing a remarkable comeback and attracting attention in the meme coin world.

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Scorpion Casino Becomes the Top Choice for Crypto Investors as Floki Inu (FLOKI) Dips and Dogecoin (DOGE) Rallies.

Fortunes can pivot on the edge of a digital dime in cryptocurrency, so investors are constantly on the lookout for the next big opportunity. With the landscape teeming with options, discerning crypto enthusiasts are drawn to platforms that offer more than just transactional value.

Enter Scorpion Casino ($SCORP), a rising name in the crypto gambling domain, promising unparalleled passive income opportunities alongside stalwarts like Floki Inu (FLOKI) and Dogecoin (DOGE). This analysis explores the distinctive features of Scorpion Casino compared to the market trends of FLOKI and DOGE, steering investors towards a promising financial future.

Scorpion Casino: The Emergent Titan of Crypto Gaming
Scorpion Casino sets itself apart as the only crypto gambling platform to offer passive income, introducing the $SCORP token with a unique reward system. Unlike its contemporaries, it not only provides entertainment but also serves as a fountain of passive income, thanks to its daily rewards system tied to the casino’s performance.

Leveraging blockchain for transparency and security, Scorpion Casino has already attracted over $9.9 million from more than 18k participants, with over 432 million tokens sold.

This Easter, Scorpion Casino amps up the excitement with a dual offering: a 40% Easter bonus from March 27th to April 3rd using the code Easter40, and the launch of a new betting website on April 1st, 2024. Concurrently, a 250K Giveaway awaits pre-sale $SCORP buyers, offering the last chance to win from a $25,000 prize pool. This giveaway, the largest for pre-sale participants, runs until March 31st, promising substantial rewards for those invested in Scorpion Casino’s groundbreaking ecosystem.

Floki Inu and Dogecoin: The Meme Coin Stalwarts
Floki Inu, named in homage to the Shiba Inu of cryptocurrency fame, has navigated a volatile path.

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Dogecoin Dev Issues Urgent Warning on Telegram Crypto Bot Related to DOGE Rival.

In a recent development within the crypto space, Mishaboar, a developer associated with Dogecoin (DOGE), has issued a cautionary alert regarding a Telegram bot linked to trading cryptocurrencies. Mishaboar, a prominent figure within the DOGE community, took to social media platforms to warn users about potential risks associated with using popular Telegram bots for trading meme tokens.

The alert specifically addresses concerns surrounding an exploit affecting BonkBot, a bot named after the meme token BONK and utilized for purchasing tokens on the Solana blockchain.

The warning advises users to exercise caution and withdraw funds from these bots until the issue is resolved. Mishaboar highlights the inherent risks associated with custodial hot wallets, urging users to refrain from storing large amounts of cryptocurrency within them. The message underscores the susceptibility of such platforms to exploits stemming from data leaks, security vulnerabilities and malicious actors.

The urgency of the warning is accentuated by the staggering trading volumes observed on these bots, with transactions reaching up to $700 million in a single day. Mishaboar's advisory serves as a wake-up call, particularly for newcomers to the cryptocurrency space who may rely heavily on these bots for trading and asset management.

However, in response to the circulating rumors, the BonkBot team has reassured users of the bot's safety. They assert that the reported exploits are not originating from BonkBot itself but rather from elsewhere in the ecosystem.

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Bitcoin and Ethereum Wobble Heading Into the Weekend.

Bitcoin and Ethereum have shown some volatility in the past 24 hours, both trading 1% lower than they were this time yesterday.

The Bitcoin price has been hovering around $70,000 after looking like it might rise above $71,000 yesterday evening. It's now 0.9% lower than it was this time Thursday. Ethereum has also seen its own dip, currently trading at $3,557, marking a 1% decrease.

On the flip side, Binance Coin (BNB) has experienced a notable increase and is trading for almost $614. That's a 4.6% increase since yesterday and 7.7% higher than it was last week.

There's no telling how much the two are linked, but BNB is rising just as there are signs the crypto exchange and its executives are finding ways to fight back against allegations leveled at it from the Nigerian government.

According to a local news outlet, Binance executive Tigran Gambaryan has asked the Federal High Court in Abuja to compel the Office of the National Security Advisor (NSA) and the Economic and Financial Crimes Commission (EFCC) to apologize to him over his detention in the country. He's also filed a lawsuit alleging his fundamental human rights have been violated.

For nearly a month, Nigerian government officials had detained Gambaryan alongside another Binance executive, Nadeem Anjarwalla—who managed to escape custody earlier this week.

Meme-while, popular Solana meme coin Dogwifhat (WIF) has climbed another 17% since Thursday morning. It was only yesterday that WIF managed to flip PepeCoin (PEPE). Its $3.6 billion market capitalization makes it the 41st overall largest cryptocurrency. And in the meme category, it's now also much larger than Ethereum meme coin Floki Inu (FLOKI) and its Solana competitor Bonk (BONK).

Another top gainer in the last 24 hours has been the native token for the Celestia network, TIA. Celestia, a Layer-1 network, has recently gained some buzz for being a serious Ethereum competitor.

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How will the Bitcoin halving impact Bitcoin L2s?

The Bitcoin halving is anticipated to occur in the second half of April this year. Like real-world gold, bitcoin is considered by many to be “digital gold,” with a maximum supply of 21 million coins. As the Bitcoin halving draws near, many are concerned that miners will endure an inevitable revenue cut following the major event.

Mining bitcoin has previously been a profitable way for people to earn rewards while simultaneously securing the network. Fisher Yu is the co-founder of Babylon, a project aiming to create a Bitcoin-secured proof-of-stake economy. He noted the motivation behind early participation in Bitcoin’s proof-of-work security, attributing it to the high amount of bitcoin rewards available when the blockchain was first created.

“Nakamoto’s hope is that, over time, Bitcoin becomes very well adopted so that the increase in transaction fee will outrun the reduction in mining rewards, so that miners’ operational costs are well covered,” Yu said.

Although such a trend is observed, Yu notes that existing transaction fees are not quite sufficient, and there are growing concerns that miners may leave the network, reducing the blockchain’s overall security.

This belief is shared by Max Chamberlin, the founder of fiat-to-crypto on and off-ramp payments provider Bifinity, who noted that many bitcoin mining businesses could become unsustainable following the halving.

“While bitcoin’s mining difficulty is dynamic, automatically adjusting to the current hash rate capabilities, it would still be better for the network’s decentralization to have as many miners as possible,” Chamberlin said.

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Bitcoin trades above $69K following largest quarterly options expiry in history.

The Bitcoin BTC tickers down $70,393 price remained above the $69,000 mark on March 29 despite the market experiencing the biggest quarterly Bitcoin futures options expiry event in history.

Hao Yang, the global head of derivatives trading at Bybit exchange, told Cointelegraph:

“We have experienced the largest option expiration in history for Bybit and Deribit as well. People may roll over or unwind their hedging position during the expiration time, and the action of unwinding may have a small impact on the price movement in the very short term.”

Over $15.1 billion worth of cryptocurrency futures options expired on Deribit on March 29 at 8:00 am UTC, according to a March 28 X post by Deribit.

Of the $15.1 billion, $9.53 billion represented the notional value of Bitcoin options expiring at a put/call ratio of 0.84, with a “max pain” price potential of $51,000.

While options expiry can lead to heightened volatility, the max pain price point doesn’t offer an accurate reflection of Bitcoin’s long-term price potential, which is still tied to its fundamental values, Yang explained:

“Just as a fancy gaming PC case doesn’t directly impact the performance of the hardware inside, max pain is an indicator that provides some insight but ultimately has limited influence on the actual price movement of Bitcoin.”

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Spot Ethereum ETF: Bitwise Submits S-1 Ethereum ETF Filing.

Bitwise Asset Management has submitted an S-1 form with the U.S. Securities and Exchange Commission (SEC) for an Ethereum Spot exchange-traded fund (ETF).

Bitwise Moves Forward Despite Regulatory Hesitations
Although the current uncertainty in the regulatory field is apparent, Bitwise has been resolute in its effort to introduce a spot Ethereum ETF. This initiative has come in response to the market success of spot Bitcoin ETFs introduced earlier, with such ETFs having quite high trading volumes since their inception.

The filing of the S-1 form is a critical part of the process, signifying Bitwise’s intent to offer an ETF that tracks the performance of Ethereum directly. Unlike futures-based ETFs, a spot ETF would provide investors with exposure to the actual Ethereum asset. The decision of Bitwise to proceed with the filing points to a positive level of belief in Ethereum’s potential and its attractiveness to investors.

Potential Approval of Spot Ether (ETF)
Considering the recent filing of Bitwise, industry experts started to evaluate the possibility of acceptance by the SEC. According to the estimates of Bloomberg ETF analysts, the approval probability is about 30%, a number that indicates cautious optimism and mirrors the conciliatory regulatory environment.

In addition to the S-1 filing, Bitwise had filed a 19b-4 form with a comprehensive analysis of the correlation between the spot and futures market of Ethereum. The purpose of this analysis is to address one of the most critical issues of the SEC – the link between the spot and futures markets.

Comparative Analysis of Ethereum and Bitcoin ETFs
The direction of Bitcoin ETFs basically sets the tone of the discussion on Ethereum ETFs. Moreover, the approval of spot Bitcoin ETFs by the SEC has established a pattern that fed the hope that equivalent products for Ethereum would follow.

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Ethereum validator count passes one million.

The Ethereum network reached a milestone of one million validators Thursday, staking about 32 million Ether, worth an estimated US$114 billion.

This number accounts for roughly 26% of Ethereum’s total supply.

The transition of the Ethereum blockchain to a proof-of-stake system in September 2022 has been instrumental in attracting this large number of validators, who are rewarded for their contributions to the network’s security.

Lido, a leading staking pool, has emerged as a preferred platform, holding about 30% of all staked ETH and allowing individuals with smaller holdings to participate in staking.

However, the growing validator count has sparked debate within the Ethereum community, with some expressing concerns over the possibility of over-staking and the potential rise in transaction failures.

In the regulatory area, the U.S. Securities and Exchange Commission (SEC) has reportedly been issuing subpoenas to entities associated with the Ethereum Foundation.

According to Fortune, these legal actions are part of an investigation targeting the foundation’s dealings, with a focus on the non-profit organization headquartered in Switzerland.

The Ethereum Foundation is known for its role in the development and governance of the Ethereum blockchain.

Some firms reportedly received subpoenas shortly after Ethereum’s transition to proof-of-stake from the previous proof-of-work model.

The regulatory body’s steps have sparked discussions around its potential implications for the classification of Ether as a security.

The regulatory authority has been postponing decisions on several applications for such Ether ETFs and is expected to make a decision on May 23.

According to BlackRock CEO Larry Fink, one of the Ether ETF applicants, such a financial product can be possible even if the digital asset is classified as a security.

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How high can Bitcoin go? New BTC price prediction sees cycle top at $180K

Bitcoin BTC tickers down $70,842 price could gain another 150% during the current bull market cycle, according to Laurent Benayoun, the CEO of Acheron Trading and quantitative trading strategies expert.

Bitcoin price top at $180K?
The executive anticipates a potential cycle top of $180,000 for BTC price, based on a combination of factors, including the spot Bitcoin exchange-traded funds (ETFs), and the new supply reduction from the upcoming Bitcoin halving.

Benayoun explained:

“If we look at historical performance, with every cycle the multiple on the all-time is getting lower. So if we apply this reasoning it could be 2x to 3x what we saw in the previous cycles, so let's say around $120,000 to $180,000 per unit.”
Improving financial policy in the United States will also contribute to Bitcoin’s price appreciation, according to Benayoun:

“The market is pricing in a reduction in interest rates because they have been flatlining, so it’s reasonable to expect them to go down in the near future.”
Other BTC price predictions
Benayoun’s prediction is in line with several other recent forecasts. Bitfinex analysts, for instance, see price reaching $120,000 by the end of 2024, according to a research report shared with Cointelegraph:

“Our analysis forecasts a conservative price objective of $100,000-$120,000 to be achieved by Q4 2024, and the cycle peak to be achieved sometime in 2025 in terms of total crypto market capitalization. The ETFs have introduced passive demand which means demand is coming from investors that is largely price agnostic.”
Meanwhile, wealth management giant Bernstein expects Bitcoin to break out to around $150,000 following the halving by mid-2025.

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