$1 million DMT invested by a new wallet address yields a 24% profit.

A recently established wallet address that was first financed by GSR has reportedly invested $1 million in DMT and has already realized a 24% profit, according to data from Nasnen, as reported by Odaily. In the last week, DMT's value has increased by 92%. The new wallet address's profit margin has benefited from the notable growth in DMT's value. This wallet address's initial financing came from GSR, a reputable company in the cryptocurrency space. The information emphasizes how profitable investing in digital currencies such as DMT can be, particularly when the market is up. But it's crucial to remember that the market for virtual currencies is quite erratic, so investments should be done carefully.#EarnFreeCrypto2024

Developers Are Encouraged to Continue Building Despite Market Volatility by the Shiba Inu Team

The official social media marketing lead for the Shiba Inu team, Lucie, reportedly sent out a message urging developers to keep developing on the SHIB and Shibarium blockchain, according to U.Today. Her main takeaway from the event was that developers should keep working hard without anticipating praise or adulation from Shytoshi Kusama or from her on social media. Whatever the outcome—good, bad, or nonexistent—Lucie underlined that the secret to success is to 'keep working.' She emphasized that in this process, constancy is essential.

Lucie went on to emphasize how important it is to work on a project without waiting for approval or praise from herself or lead developer Shytoshi Nakamoto. She made the point that if a project is good, the Shiba Inu team will undoubtedly notice it and may choose to invest in it or suggest working together. Adding, "There are thousands and thousands of projects, it takes a real one to survive and succeed," Lucie said that "an honest project" is necessary for success.

According to market capitalization, SHIB, the second-biggest cryptocurrency with a dog theme, has dropped significantly over the last 24 hours, losing roughly 6.53% of its value. It recently had a sharp decline of 4.19%, falling short of the SHIB community's long-expected $0.00003 goal. SHIB's trading price as of this writing is $0.00002505.
$SHIB

People Coin Has Noticeably Increased in Just a Day

Foresight News reports that in just one day, the value of the cryptocurrency People Coin increased significantly. The coin now has its highest recorded value of 0.081 USDT, which it reached during this time. In just one day, the value gain amounts to a 24.45% increase.#MemeWatch2024

Bitcoin's market capitalization might reach $3 trillion. Post-Halving
According to CryptoPotato, Bitcoin's market capitalization could exceed $3 trillion after the impending halving event. This estimate is based on a number of factors, including the asset's previous strong price performance and industry growth expectations. Bitcoin's market capitalization just reached an all-time high of more than $1.43 trillion and is currently around $1.32 trillion.
ChatGPT, a popular chatbot, claimed that attaining the $3 trillion milestone is achievable, but it is contingent on a number of circumstances, including the influence of the halving event. Historically, halving has preceded a Bitcoin bull run. However, this time the scenario appears to be different, as the cryptocurrency's price began to surge months before the event. Marathon Digital CEO Fred Thiel feels the rally influenced by the event has already been priced in, and he does not expect big increases in the near future.
ChatGPT, a prominent chatbot, suggested that reaching the $3 trillion milestone is possible, but it depends on a variety of factors, including the impact of the halving event. Historically, halving preceded a Bitcoin bull run. However, this time, the situation looks to be different, as the cryptocurrency's price began to rise months before the event. Marathon Digital CEO Fred Thiel believes the rally influenced by the event has already been priced in, and he does not anticipate significant rises in the short term.
ChatGPT also noted that future market dynamics, including as institutional adoption, regulatory frameworks, and macroeconomic factors, will influence Bitcoin's market capitalization. It highlighted that a jump of $3 trillion is only achievable if investor confidence remains favorable.
Brad Garlinghouse, Ripple's CEO, recently forecast a bright future for the cryptocurrency industry. He expects the sector's global market capitalization might approach $5 trillion this year. $BTC

Crypto Trader Loses More Than $1 Million Due To Market Crash.

According to PANews, a crypto trader identified as Crypto Nerd reported a large loss of more than $1 million overnight as a result of the cryptocurrency market's steep plunge. The trader, who was trading on platform X, stated that his three-times leveraged long positions on PEPE were liquidated due to the market decline. The rapid and abrupt market drop resulted in this significant financial loss, emphasizing the volatility and danger inherent with cryptocurrency trading.

$BTC $ETH $BNB

Rune Protocol Is Released On Testnet by Merlin Chain's UniCross

Foresight News reports that the Rune Protocol has been made available on the testnet of UniCross, Merlin Chain's ecological application. The Runes minting and indexing are supported by the protocol. After the Rune Protocol went live on the testnet, UniCross announced that it got over 200,000 requests for Rune minting in under 12 hours. The total minting fee was more than six bitcoins. The Bitcoin Testnet memory pool currently has more over 150,000 transactions, and the gas cost rate is more than 20 sat/vB.

$RUNE

MAP Protocol, Bitcoin's L2 Interoperability Layer, Achieves Record-High TVL

The Total Value Locked (TVL) in the MAP Protocol, the L2 interoperability layer of Bitcoin, has reportedly crossed $100 million and reached a new historical high of $123.96 million, according to Foresight News. This important milestone shows that the MAP Protocol, which aims to improve the interoperability of the Bitcoin network, is becoming more and more popular. DefiLlama, a reputable source for decentralized finance (DeFi) analytics, supplied the data.
$BTC

OpenLM IMO Launch Announced by ORA Protocol

The verified prediction protocol ORA, originally known as Hyper Oracle, is scheduled to launch its OpenLM IMO on April 13 at 09:00 Beijing time, according to Foresight News. Now, users can register with X and link their wallets. With a minimum purchase quantity of 0.01 ETH and a maximum purchase amount of 1 ETH, the IMO operates on a first-come, first-served basis. The IMO will be accessible for a whole day.

One billion OpenLM IMO tokens, or OLM, are in circulation. Ten percent will go to OpenLM contributors, thirty percent will be used for liquidity, fifty percent will be used for the IMO public auction, and the remaining ten percent will go to the ORA team. The OLM valuation, completely diluted, is 300 ETH. The IMO plans to raise 500 million OLM, or 150 ETH. OLM is now trading for 3e-7 ETH on the IMO (or around 0.001 USDT). OLM's two primary characteristics are destruction and revenue sharing.

The revenue sharing pool made up of OLM tokens will get a share of the money made from OAO and other sources. Following the snapshot, token holders are eligible to apply for income once every 90 days. A part of OAO's and other sources' earnings will go toward the destruction pool for OLM tokens. As a buyback option, token holders can destroy their tokens to maintain the OLM floor price.

The goal of OpenLM, an executable language model repository, is to advance the study of intermediate language models while optimizing GPU usage and training velocity.

Bitcoin (BTC) Sees a Narrowed 1.26% Increase in 24 Hours and Drops Below 70,000 USDT

At 11:58 AM (UTC) on April 11, 2024. Bitcoin has fallen below 70,000 USDT and is currently trading at 69,914.75 USDT, indicating a thin 1.26% growth in just one day, according to Binance Market Data.

$BTC

IBIT Reports a 21.3 Million Dollar Net Inflow

BlockBeats reports that IBIT, a Belet product, announced a net inflow of $21.3 million on April 9. Tree News first reported this financial news. The amount of money invested in the product during the course of the day is shown by the net inflow.

An important metric for assessing the performance of the product and investor interest is this financial activity. The significant influx of $21.3 million indicates that investors have a high level of trust in IBIT. It's crucial to remember that this is just statistics from one day, so it could not necessarily represent a long-term trend.

There were no other specifics given regarding the type of investments made or the investors. How this capital inflow affects IBIT's performance in the upcoming days is still to be seen.

An Increase in Venture Capital Investment Into Crypto Startups

According to Bloomberg, venture capital (VC) investments in cryptocurrency firms increased significantly in the first quarter of 2024. The amount invested came to $2.5 billion, up 32% from the previous quarter and staying at a level comparable to the prior year's same period. PitchBook gave this information.

Following a two-year period of capital conservation, investors have resumed spending, according to PitchBook cryptocurrency analyst Robert Le. Part of the reason for the resurgence of interest in cryptocurrencies was the recent approvals. The managing general partner of Canonical Crypto, an early-stage venture fund, Anand Iyer, has noticed a spike in financing activity lately. He made the point that some of the entrepreneurs who are currently seeking funding are not novices in the field; they have developed unsuccessful initiatives in the past.

According to Robert Le, a cryptocurrency analyst for PitchBook, investors have started investing again after a two-year period of money conservation. The latest approvals contributed to the renewed interest in cryptocurrencies. Anand Iyer, managing general partner of early-stage venture firm Canonical Crypto, has recently observed an increase in financing activities. He emphasized that some of the business owners looking for finance are not newbies to the industry; they have created failed projects in the past.

A few of the original characteristics of cryptocurrencies that were well-known in the last bull market have also returned. There are indications of industry maturity that other venture capitalists are observing. Formerly a member of the executive team at the decentralized cryptocurrency exchange Sushi, John Lo is a managing partner at Recharge Capital, where he is in charge of digital asset investing. He pointed out that the business is growing because Bitcoin is being adopted and used on a scale that has never been seen before.

Javier García, General Manager of Binance for Spain and Portugal, Talks About Bitcoin Halving on Negocios TV

In an interview with Spain's Negocios TV last week, Javier García, General Manager of Binance for Spain and Portugal, offered his thoughts on the impending halving of Bitcoin and the favorable state of the cryptocurrency industry.

During the conversation, García provided insightful analysis of Binance's encouraging achievements and expansion, positioning Binance as a key participant in the dynamics of the cryptocurrency market. Important highlights include of: Due to a combination of rising cryptocurrency prices, increased activity on the site, and fresh investment volume, Binance recently broke its own record, with user assets valued at over $100 billion.

In the last six months, Binance has witnessed a 17% increase in transactional retail customers throughout Europe, which has strengthened its position as a leading player in the global cryptocurrency market.

By May 1st, holders of RLB tokens on Solana must migrate to Ethereum.

Users who own RLB tokens on Solana have been told to switch to Ethereum by May 1st, according to Foresight News. All RLB tokens on the Solana chain will be destroyed after this date. This directive was released by Rollbit, the firm that created the RLB tokens. All users who presently possess RLB tokens on Solana are anticipated to be impacted by the change. There are no more details available regarding the relocation procedure or the factors that led to this choice.

Uniswap Labs Releases New Functionality UniswapX

Uniswap Labs has announced the release of UniswapX, a new functionality for the Uniswap interface, according to PANews. This feature uses intelligent routing to guarantee the best outcomes for every transaction. Transactions will be processed through UniswapX if it offers the best price.
$UNI

In just one day, BNB increases by 1.76% to surpass 590 USDT. April 6, 2024, at 23:09 UTC. Binance Market Data reports that BNB has risen 1.76% in the last day to trade at 590.099976 USDT, having crossed the 590 USDT benchmark.
$BNB

Bitcoin is predicted to reach $175,000 by 2025, leading to a predicted cryptocurrency bull market.

CryptoPotato reports that with Bitcoin (BTC) hitting a new high and the entire market capitalization getting close to its top, the cryptocurrency space looks to be entering a new bull market. Anticipated in around two weeks, the fourth halving has a history of igniting price surges in the future for many other assets in addition to Bitcoin. As a result, several cryptocurrency analysts have made astounding price projections for Bitcoin and other altcoins.

One of the most recent content creators with over 250,000 followers is JakeGagain. He seems to be expecting Bitcoin to reach $175,000 by 2025, based on his tweet. This prediction is in line with a number of others from well-known organizations like Standard Chartered and business analysts like Tom Lee and Mark Yusko. Given that they had set a $150,000 price objective for this year, $175,000 in 2025 seems doable.

The state of Dogecoin is also significant. Elon Musk is among the well-known individuals who have backed the original meme coin, which is expected to hit $1. Many experts predict that Dogecoin will reach this level in 2024 or 2025, despite the fact that it did not during the previous bull cycle.

The community behind Ripple's native coin is likewise quite strong. In line with Jake's prediction for the upcoming year, price projections range from $1 to $5 or $6. But XRP is under a great deal of uncertainty because of Ripple's continuing legal battle with the US Securities and Exchange Commission. The price of XRP has been greatly impacted by previous decisions in this legal dispute, suggesting that there may be volatility after the matter is resolved. If Ripple wins, XRP might really soar to new heights.

$BTC $DOGE $XRP

Polygon's Avail Joins NIM Network-Initiated AI Gaming Alliance

BlockBeats reports that Polygon's modular blockchain project Avail has announced a relationship with the AI gaming alliance that was started by NIM Network. The strategic alliance will concentrate on developing DA programs specifically for AI games. Previously, the partnership included the Web3 social simulation game Today, the decentralized data sharing protocol OceanProtocol, and the on-chain competitive site JokeRace.

Avail declared in February that a $27 million seed round of funding had been completed. Dragonfly and Founders Fund, the venture capital firm founded by Peter Thiel, led the investment. Numerous angel investors, Figment, Nomad Capital, and SevenX Ventures were among the other participants in the investment round.
$BTC

MicroStrategy Stock Rises Amid Exposure to Bitcoin

Bloomberg reports that MicroStrategy's exposure to Bitcoin has played a major role in the company's stock performance over the past month, exceeding Wall Street's projections. Based on a sum-of-the-parts analysis, analyst Harte observed that the premium investors are ready to pay for this exposure has created a new norm above 2x. Additionally, he believes that in the upcoming year, the company would profit from Bitcoin-related triggers, especially the anticipated halving of Bitcoin this month.

It is a dangerous move, though, given the strong correlation between the company's shares and a cryptocurrency. The stock loses more heavily during downturns even though it trades at a premium to Bitcoin. This was made clear on a recent Friday when a reversal in the price of Bitcoin caused MicroStrategy shares to plummet as much as 3.2% during intraday trade.

The hazards are further highlighted by Harte's MicroStrategy estimates. If the premium drops and regulatory pressures have an effect on the cryptocurrency market, he believes that shares might fall below $700 and Bitcoin could return to $48,000. However, the stock price may rise to $2,700, or over 70% above current trading levels, if Bitcoin breaks beyond $90,000 and the premium on the company's assets rises.

For the time being, Harte thinks the impending April halving will be a driving force behind the price of Bitcoin and the stock. He pointed out that in the year that followed the first three Bitcoin halving events, the price of one Bitcoin rose by an 80x, 4x, and 6x margin. Because Bitcoin acts as a disinflationary asset, he advises investors to see it as a safe haven from inflation in the face of fiscal stimulus from central banks. He also anticipates that institutional investors will continue to adopt Bitcoin.
#solana $BTC

The CEO of Ripple objects to how the media portrays the company's stablecoin venture.

CEO of Ripple Brad Garlinghouse reportedly took issue with Coindesk's recent story portraying Ripple's foray into the stablecoin market as a desperate move, according to U.Today. Garlinghouse expressed his dissatisfaction with the inaccurate representation, calling it "childish antics" masquerading as a respectable company that ought to be in the forefront of media coverage on the cryptocurrency space.

As to the article authored by Consensus Magazine's deputy managing editor Daniel Kuhn, Ripple's declaration of a new stablecoin signified the 'death' of the contentious XRP asset. Additionally, Kuhn implied that the business, which is presently facing legal troubles with the Securities and Exchange Commission (SEC) of the United States, may be in dire need of a fresh source of income. The SEC has demanded that Ripple pay over $2 billion in fines and penalties, claiming that a sum this large would serve as a warning to other companies in the same industry.
The article also emphasized that 'legitimate' financial institutions have not shown much interest in Ripple's On-Demand Liquidity solution, presumably because of worries about XRP's volatility. Additionally, it said that Ripple's collaborations with Santander and MoneyGram have not proven fruitful and that statistics regarding the frequency with which RippleNet clients utilize XRP for international liquidity is lacking.

XRP community members, on the other hand, have backed Ripple, claiming that the business is not having as much trouble as the story implies. They emphasized that among Ripple's financial partners are still well-known companies like American Express. In addition, XRP's market size keeps it among the leading cryptocurrencies. Even though it makes up a very minor fraction of Ethereum's value, it is by no means inconsequential. Co-founder of XPMarket.com Artur Kirjakulov said that Ripple is still moving forward and seizing new chances, focusing more on the company's growth and resiliency than any apparent obstacles.

Bella Protocol and Manta Network Form a Strategic Alliance

Foresight News reports that Manta Network and Bella Protocol, a DeFi initiative, have formed a strategic alliance. By using Bella's DeFi liquidity services to assist innovation and growth inside the Manta ecosystem, the partnership seeks to fully realize the potential of the ecosystem.

#DeFi $BTC