BitMEX Former CEO Arthur Hayes Named a New Altcoin and Made a Record Prediction for its Price

BitMEX former CEO Arthur Hayes, who attracted attention with his striking statements and analyzes on Bitcoin (BTC) and cryptocurrencies, put Binance's latest Launchpool project, Ethena (ENA), on his radar in his X post.

Ethena, a DeFi project that was recently launched and listed by many exchanges including Binance, has increased its popularity in the crypto market with its rise of over 20%.

BitMEX co-founder Arthur Hayes expressed bullish expectations, noting the popularity of ENA and predicting a rise for the ENA price to $10.

“Korean Investors Have Not Stepped In Yet!
Expressing his support for the DeFi project with his record prediction of $ 10 for the ENA price, Hayes said that ENA is not yet listed on Korean exchanges.

According to Hayes, there may be a strong rise in ENA price when Korean investors start trading after the ENA listing.

Arthur Hayes' $10 share for the ENA price is just a prediction, and investors should approach Hayes' predictions with caution, considering that the cryptocurrency market is inherently volatile and unpredictable. Therefore, make your investment decisions based on your own research.

*This is not investment advice.*
#BITMEX #Ethena! #BTC、 #Altcoins👀🚀 #BullorBear

Is Litecoin (LTC) Becoming a Crypto Pack Leader?

Litecoin has recently shown impressive performance, standing out from the rest of the altcoin group. On the last day alone, its price has jumped by 8.9%, a move supported by a significant rise in transaction volume over the past month.

Moreover, there is an interesting shift in Litecoin's on-chain dynamics: the age of invested funds in LTC is decreasing, suggesting that large holders are becoming more active and putting more coins into circulation.

As for the price performance of Litecoin, it is currently trading around $101.09. The resistance level to watch is near $118, a point where sellers previously stepped in and halted a price increase. If Litecoin can break past this resistance, we could see further upward momentum.

Obviously, if the resistance holds still, the support level at $93.46 is crucial. This is a price where Litecoin has found strong demand in the past, suggesting that if it falls to this level, buyers may step in to push the price back up. A dip below this, however, and the next substantial support is down at $86.20.

The fresh investment activity indicated by the younger dollar age suggests that there is renewed interest in Litecoin. This could be due to investors looking for established-yet-still-promising digital assets amid the crowded altcoin space. If Litecoin can sustain its current growth and break past key resistance levels, it could indeed be on its way to becoming a leader among its peers.

While Litecoin's recent growth is promising, you should not get too crazy about it. While its indicators are positive, they are not guarantees of future performance. Follow LTC's price performance and various crucial metrics in order to avoid any unexpected price moves.
#Litecoin #LitecoinToTheMoon #BullorBear #BinanceLaunchpool #Memecoins

Legendary Investor "Robert Kiyosaki" Reveals What He Would do If Bitcoin Price Drops to $200

In a recent statement, millionaire US businessman Robert Kiyosaki shared his financial strategy in the event of a significant market crash.

Kiyosaki made his statement in response to predictions made by analyst Harry Dent, who predicted that a major “everything collapse” was on the horizon.

Dent's forecast paints a grim picture for the “Baby Boomer Generation” and predicts a significant decline in home prices. He also suggests that the S&P could potentially fall by a staggering 80%. Additionally, Dent predicts that the largest cryptocurrency, Bitcoin, will drop to $200 per coin.

However, Kiyosaki is not impressed by these predictions. In his statement, Kiyosaki states that he plans to increase his investments in real estate, gold and silver if Dent's predictions come true. If Bitcoin drops to $200 per coin, Kiyosaki plans to buy as many coins as possible.

Kiyosaki claims that those prepared for such a market crash could potentially emerge as multi-millionaires or even billionaires. He argued that he hoped Dent's predictions were correct because it would present a significant investment opportunity.

Kiyosaki, who has been expressing his views on Bitcoin for years, refers to BTC as “people's money” and describes the dollar as “fake money”.
#BTC、 #BitcoinTrends" #Memecoins #BinanceLaunchpool #BullorBear

Is Now Polygon's (MATIC) Golden Hour? Unpacking the Accumulation Phase

Polygon (MATIC) price faced a significant decline over the past 48 hours, bringing its two-week-long drawdown to a potential halt.

From here, the likely outcome will be an uptrend, making MATIC a rather profitable addition to portfolios.

Polygon Investors Bullish?
MATIC price under $0.900 is the first such instance since mid-February. The cryptocurrency marked a high of $1.26 in mid-March and since then has been engaged in a decline. This has resulted in the altcoin losing its value to the point where it seems like a rather good option to accumulate.

The Market Value evinces this to the Realized Value (MVRV) ratio as well. The MVRV ratio tracks investor gains/losses. Polygon’s 30-day MVRV, now at -14.75%, indicates losses, possibly prompting accumulation. Historically, MATIC within -5% to -15% MVRV often precedes rallies, terming this area as an opportunity zone.

Given that the price is declining right now, 42% of investors will refrain from selling their holdings at a lower price than Polygon. This will give accumulators an opportunity to witness some upside, consequently pushing Polygon’s price upwards.

MATIC Price Prediction: Recovery Awaits:-
If Polygon investors make their next move bullish instead of bearish, the likely outcome will be a rise in MATIC price. Trading above the $0.88 support level, in confluence with the 100-day EMA, the altcoin will potentially bounce off from here to reclaim the $0.92 resistance.

This price level has been tested as support multiple times in the past and would serve as a boost to the Polygon token to breach the $1.0 price point.
However, if the $0.88 support is lost, the altcoin could slip to $0.81, and falling through this level would invalidate the bullish thesis, leaving MATIC vulnerable to losing $0.80.
#PolygonMATIC #MATIC✅ #MATICUPDATE #Memecoins #BinanceLaunchpool

Bitcoin ETFs Lose Ground Again as Over $302 Million Leaves Grayscale Trust

After closing out March with a dip and tepid recovery, net flows to Bitcoin exchange-traded funds (ETFs) have kicked off the week in the red. Investments were negative yesterday with outflows of $85.7 million, data from BitMEX Research shows.
Last Thursday, for the third consecutive day in a row, more than $100 million entered the popular new funds, bringing the total for the week to $845 million.

The week before that, however, all the Bitcoin tracking funds experienced outflows, blamed on “investor hesitancy” following a dip in crypto prices.

But yesterday, cash continued to flow into all the funds—except one: Graycale’s GBTC, which experienced $302.6 million in outflows. The fund was one of 11 Bitcoin ETFs given the green light by the U.S. Securities and Exchange Commission to start trading in January.
Of all the products, GBTC has been the only one investors have consistently drawn cash out from.

This is largely down to bankruptcy crypto companies redeeming shares and investors moving to funds with lower fees—Graycale’s entry has the highest fees of all the funds.

Although the outflows were slowing down, yesterday showed that the carnage isn’t over just yet.

As a result, the price of Bitcoin is down today: the asset is now trading at $65,348 per coin, CoinGecko data shows—a 24-hour dip of nearly 6%. In mid-March, the asset hit a new all-time high of nearly $74,000.
#BitcoinTrends" #BTCETF #Memecoins #BinanceLaunchpool #BullorBear

Here's What Cardano Price Might Reach If ADA Repeats 3,775% Surge of 2021

If Cardano repeats the 3,775% surge of late 2020 and 2021, its price could rise to a substantial double-digit value at the peak of the anticipated altcoin season.

The current bull market has been ongoing for approximately six months, during which Bitcoin (BTC) has surpassed its 2021 all-time high.

Lower-ranked assets such as Render (RNDR) and Injective (INJ) are also experiencing a price discovery phase, having cracked their previous all-time highs.
Despite the ongoing bull market, many altcoins like Cardano (ADA) remain significantly below their 2021 highs. In particular, ADA trades at a staggering 81.04% below its previous peak of $3.10.
Nonetheless, market participants are still optimistic about a potential ADA price surge once the altcoin season gains momentum. Market observers expect the altcoin season to kick into full gear this month following the Bitcoin halving.

Cardano 2020 to 2021 Bull Trajectory:-
Notably, the ADA traded for pennies for an extended period after the 2017 rallies before regaining its footing in late 2020. For instance, Cardano opened in 2020 at $0.03283 and remained around that range for most of the year.

Meanwhile, the token experienced a 338% rally that year, propelling its price to $0.14 in August 2020. By this time, the Bitcoin halving had already occurred in May 2020.

However, the ADA collapsed significantly in September, dropping to $0.08. Remarkably, its recovery from this point was more enduring, as it maintained a steady path and reclaimed the $1 threshold by February 2021.
Cardano’s uptrend did not cool off until May 2021, when it traded at $2.3 for the first time. It experienced nearly three months of bearish performances before resuming the bullish momentum and ultimately hit $3.10 by September 2, 2021.
ADA Repeating History:-
At press time, Cardano sells for $0.5832. Repeating a similar 3,775% surge over the next year would imply ADA expanding by nearly 38-fold, potentially putting its price above $21.
#CardanoSurge #ADA! #Memecoins

Shiba Inu Whale Who Made $800K with $4K Misses Out on $10M Gain

A Shiba Inu (SHIB) whale who secured $800,000 with an initial $4,000 investment missed out on clinching a $10 million return due to hasty selloffs.
Shiba Inu stands out as one of the crypto assets with a rich history of turning peanuts to fortunes. The cryptocurrency’s meteoric surge during the 2021 bull run represented the largest price spike for any mainstream asset in crypto history.

Research from CoinGecko confirmed that Shiba Inu successfully transformed $12 to $1 million from 2020 to 2021. Multiple early investors rode on this rally to retirement, but some, while they entered the market rally, missed out on more substantial gains due to hasty selloffs.

Investor Misses out on $10M:-
Blockchain data reveals the case of a particular market participant in this category, who procured billions of Shiba Inu with a mere $4,000 when the asset still traded around the $0.00000003 price level.
This investor leveraged Uniswap V2 to swap 3 Ethereum (ETH) worth nearly $4,000 for 122.92 billion SHIB on Jan. 31, 2021. At the time, Shiba Inu changed hands at $0.0000000325, allowing the market participant to amass more tokens for a discounted price.

However, as Shiba Inu began recording its price growth, this investor started selling off his holdings for meager profits. The first sale came up in April 2021, three months after his purchase. In this sale, the investor dumped 31.889 billion SHIB for 2 ETH worth $4,600 at the time.
As Shiba Inu rallied to the $0.0000010 price territory, the market participant saw an opportunity to dump the remaining tokens he had, selling off 69.8 billion SHIB for 212 ETH on May 8, 2021. These ETH tokens were valued at $730K against the rates at the time. The last sale brought the investor’s total profit to $800K.

Similar Cases with Shiba Inu:-
In addition, at the current Shiba Inu Price of $0.00002688, the tokens are valued at $3.3 billion, representing a much higher return than the $800K.
#SHIB #shiba-inu: #Memecoins #BinanceLaunchpool #BullorBear

Bitcoin Tumbles Below $67K as Solana Crashes 6% Daily

The past 24 hours saw the broader cryptocurrency market lose around $120 billion of its total capitalization, which is currently sitting at roughly $2.63 trillion.
This comes on the back of notable declines from the majority of coins, including Bitcoin, Ethereum, Solana, and others.

Bitcoin’s Price Tumbles Below $67K:-
Bitcoin lost around $3,000 throughout the past day following a sudden crash earlier this morning. The price went from almost $70K to $67K in minutes, triggering a wave of liquidations.
As CryptoPotato reported, the total number of liquidations surpassed $500 million in the past 24 hours, where the majority of them were long positions, as expected. Nevertheless, many analysts remain positive that this is a healthy retrace to less leveraged levels.

It’s also worth noting that this month, the Bitcoin halving is scheduled to take place. It will reduce the supply of new bitcoins in half. This has been historically bullish for the BTC price.

Altcoins Take a Beating:-
The altcoin market is entirely painted in red today, and most of the coins had it worse than Bitcoin. Ethereum, for example, lost 5%, Cardano (ADA) is down 5.3%, Avalanche (AVAX) – lost 8%, and so forth.
Meme coins are also retracing considerably. Dogecoin lost some 9% in the past 24 hours, Shiba Inu (SHIB) – lost about 6.4% – these are the meme coin market leaders in terms of total capitalization. Dogwifhat (WIF) – the Solana-based meme sensation – is down 15.3%, while PEPE loses around 12%.

It’s interesting to see if the meme coins will come back swinging, as they tend to do in the past few weeks.
It’s not all doom and gloom, however. Core (CORE) is a whopping 23.3% in the past day, followed by Bittensor’s TAO, which is up 10.6%. These are the two top performers for today.

WIF, on the other hand, is the worst performer, followed by Bitcoin SV (BSV), which is down 12.4%, according to data from CoinGecko.
#BitcoinTrends" #Solana⁩ #SOL🔥🔥🔥🔥 #Memecoins #BinanceLaunchpool

🔥 What is the reason for the decline in Bitcoin and Altcoins? QCP Capital Analysts Announced!

While the leading cryptocurrency Bitcoin experienced a sudden decline again this morning, the BTC price fell again to the level of $ 66,000.

While Ethereum (ETH) along with BTC dropped to $ 3,319 for a short time, QCP Capital analysts said that it was due to liquidations in the exchanges.

Stating that funding rates have increased to very high levels, analysts said that funding rates were effective in the recent decline.

“The options market and higher funding rates have once again given an early signal of a sharp downside move, particularly the downward trend in risk reversals.

Bitcoin broke $70 thousand and fell below $66 thousand. ETH traded as low as $3,320.

The pace of this decline was driven by massive liquidations on retail-heavy exchanges like Binance, where funding rates rose as high as 77%.

“These high levels and the recent decline bring spot prices back to the mid-range of $60-72 thousand.”

While the recent decline in Bitcoin left investors waiting for the rise in a tailspin, according to data from Coinglass, leveraged positions worth $ 394 million were liquidated in the last 24 hours. Of these, $312 million consisted of long positions and $81 million consisted of short positions.

While 120,310 investors were liquidated in the last 24 hours, the largest liquidation took place in the ETH / USD trading pair on the OKX exchange.

*This is not investment advice.*
#BTC、 #Altcoins👀🚀 #BitcoinTrends" #Memecoins #BinanceLaunchpool

🔥 Tether achieves SOC 2 security compliance, sets annual audit goal

USDT stablecoin provider Tether passed the SOC2 audit, demonstrating its ability to secure customer data with strict measures.

The System Organization Control (SOC) 2 Audit Type 1 assesses a firm’s ability to manage customer data based on five crucial trust service principles: security, availability, processing integrity, confidentiality, and privacy.

The audit also ensures Tether maintains a reliable network that efficiently resolves issues, processes data accurately and timely, limits data access to authorized individuals, and responsibly manages personal information.

The USDT provider has been under significant regulatory scrutiny recently. As the EU is set to adopt MiCA, which strictly regulates stablecoin offerings, OKX delisted all USDT trading pairs in the region. In February, Coinbase and Circle executives criticized Tether, calling for the U.S. government to take legal action against the largest stablecoin provider.

However, Tether has been actively advocating for its strict compliance with security and anti-money laundering laws. Last month, the network blocked $1.4 million USDT related to tech scams in the United States.

Achieving SOC2 compliance confirms that the company has effective IT controls for protecting systems and data. The network has also committed to undergo this audit annually.
#TetherUpdate #Memecoins #BinanceLaunchpool #BullorBear #OKX

Bitcoin Flash Crash Washes Out 81,000 Crypto Traders For Over $200 Million

Bitcoin has started out the new week on a rather bearish note after a flash crash sent the price below $69,000 once more. There has since been some recovery in the price of the largest cryptocurrency in the space. However, the damage has already been done as tens of thousands of crypto traders were flushed out of their leveraged positions as a result.

81,000 Crypto Traders Lose $220 Million:-
The Bitcoin flash crash hit support just above $68,800 but crypto traders are already feeling the brunt of the large move. On the last day, more than 81,000 traders have lost their leveraged positions and the volume of their liquidations have piled up.

According to data from Coinglass, the numbers have climbed above 81,400 crypto traders who were liquidated as a result of the crash. In total, over $223 million was also lost during this time from all of the flushed positions. Then, the single largest liquidation took place on the OKX exchange across the ETH-USD-SWAP pair. This trader alone lost $7 million when their position was liquidated.
As expected, the majority of the losses have come from long traders, with Coinglass showing a total of 70.01% of the liquidated positions being longs. This means that long liquidation volumes climbed above $156 million during the last 24 hours.

Bitcoin, Ethereum, And Dogecoin Lead Liquidations:-
Naturally, the crypto assets with the largest liquidation volumes have been Bitcoin and Ethereum, with $36.1 million and $28.98 million. However, meme coins such as Dogecoin and PEPE have seen their own numbers ramp up as well.
Dogecoin’s liquidation volumes came out at $10.4 million for the 24-hour period, which put it ahead of Solana with $8.3 million. Then coming up behind Solana is PEPE, with liquidation volumes climbing as high as $7.1 million.
Across all of these cryptocurrencies, long traders continue to suffer massive losses.
#BTC🔥🔥🔥🔥 #Bitcoin #Memecoins #BinanceLaunchpool #BullorBear

Bitcoin Miner's Earnings Hit Record $2 Billion in March Ahead of Halving Event

In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month.

Historic Month for Bitcoin Miners — Income Peaks at $2 Billion:-
As we edge closer to the halving event, bitcoin (BTC) miners have seen a significant increase in their earnings, both from collected rewards and transfer fees. March set a new benchmark as the month with the highest revenue in the last year.

Moreover, the milestone was also marked as the highest record month for minor income in the network’s lifetime. According to the latest figures, miners raked in $2.01 billion, with $85.81 million of this total coming from transaction fees.

Throughout the past month, the hashprice consistently exceeded the $100 per PH/s daily mark. The term hashprice denotes the anticipated daily value of 1 PH/s of hashing capacity.
Throughout March, bitcoin mining pools successfully mined 4,412 blocks, with Foundry USA leading the charge by uncovering 1,312 of those blocks. This achievement indicates that Foundry was responsible for approximately 29.74% of the network’s total during the month.

Antpool came in second, discovering 989 blocks, which equates to 22.42% of the total blocks mined in March. Hot on the heels of Foundry and Antpool were Viabtc, F2pool, and Binance Pool respectively. As the month draws to a close, data reveals that 54 mining entities actively contribute hashrate to the network.

Currently, the Bitcoin network’s hashrate is maintaining a steady pace at 606 exahash per second (EH/s), with a noticeable increase of 20 EH/s over the last month. Bitcoin’s hashprice, which estimates the daily value of one petahash per second (PH/s) of mining power, consistently stays above the $100 mark throughout the month.
#BTC🔥🔥🔥🔥 #BitcoinHalvingMassiveEvent #BinanceLaunchpool #BullorBear #BinanceLaunchpool

Bitcoin Loses $70K Level, Bitcoin Cash Soars 12% Ahead of Second Halving (Market Watch)

Bitcoin’s price had a relatively quiet weekend before it jumped to just over $71,000 when it was stopped and pushed down by a few grand.

Most altcoins are also in the red on a daily scale, with SHIB and UNI losing the most, followed by ADA and AVAX.

Bitcoin Rejected at $71K:-
Last week started on a high note for the primary cryptocurrency, which jumped by several grand on Monday and Tuesday and kept climbing on Wednesday to a 15-day high of just under $72,000.
However, the bears stopped the leg-up at this point, and BTC quickly reverted back down to under $68,000. The bulls stepped up on the gas once again, but this rally was halted once more at under $72,000. Another rejection followed, but this time less violent.

The weekend was quite sluggish as Bitcoin remained in a tight range of between $70,000 and $71,000. The latest attempt to overcome the latter came earlier this morning but was stopped in its tracks. The subsequent rejection drove BTC south once more, and the cryptocurrency now stands below $70,000.
Its market capitalization has slipped further away from the $1.4 trillion mark, while its dominance over the alts stands still at 49.5% on CG.
BCH Defies Market Sentiment:-
The past week or so has been quite beneficial to Bitcoin’s 2018 hard fork – Bitcoin Cash. Perhaps driven by the hype in regards to its upcoming halving, which should take place tomorrow, BCH has gone on a tear, with a 37% weekly surge. In the past 24 hours alone, the asset is up by more than 13% and now trades above $660.

APT, ICP, TON, LTC, and a few other larger-cap alts are also in the green but in a more modest fashion.

In contrast, the rest of the larger caps are in the red. ETH has lost over 2% of value in the past day, and trades below $3,500. BNB, XRP, DOGE, ADA, AVAX, DOT, and LINK have declined somewhere between 3-4% in a day.
Even more painful losses come from Shiba Inu and Uniswap – both assets are down by 6-7%.
#BTC🔥🔥🔥🔥 #BitcoinHalvingDrama #Memecoins

Capitalizing on Solana's Rise: How to Maximize SOL Profits

In the ever-evolving landscape of blockchain technology, Solana has emerged as a market leader with its fast, secure, and scalable infrastructure. With a robust ecosystem hosting hundreds of projects ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs), Solana stands at the forefront of innovation in decentralized applications (dapps).

What factors have pushed Solana to become a blockchain leader, and how can investors use Bybit to capitalize on this growth?

The Rise of Solana: Revolutionizing Decentralized Applications:-
Solana is an open-source blockchain platform that achieves fast transaction speeds and scalability without relying on layer 2 solutions, which are common on Ethereum. The chain is designed to promote the creation of smart contracts and decentralized applications, also known as dapp’s.
At the heart of Solana's architecture lies a sophisticated design, anchored by its proof of history (PoH) consensus mechanism. This unique approach means that each network node timestamps transactions for a digital record, creating a cryptographic clock of network activity.

Solana Token:-
Since its mainnet launch in 2020, Solana's native cryptocurrency SOL has soared to become the fifth-largest cryptocurrency globally, boasting a current market capitalization of $83 billion.

SOL serves various functions within the Solana ecosystem. As a utility token, SOL facilitates transaction fees and powers interactions with smart contracts, enabling secure and autonomous execution of programmable agreements. SOL can also be staked, allowing holders to earn rewards for contributing to network security.

How to Invest in SOL:-
While traditional methods of acquiring SOL involve direct purchases through self-custodial wallets or centralized exchanges, investors seeking advanced strategies now have access to Solana options trading.

#Solana⁩ #SOL🔥🔥🔥🔥 #Memecoins #BinanceLaunchpool #BullorBear

All-Time High $110,000,000,000 in Fresh Capital Enters Crypto Market in Just 30 Days, Says Crypto Analyst

A closely followed crypto analyst says that an all-time high of fresh capital has entered the digital assets market during the last 30 days.

In a new thread, crypto strategist Ali Martinez tells his 55,500 followers on the social media platform X that the crypto markets have been inundated with record-high capital inflows in just the past month alone.

“The crypto market has witnessed the most significant capital influx ever, boasting an all-time high of $110 billion in fresh capital!”

Martinez goes on to highlight some whale activity in the last month, which includes deep-pocketed investors gobbling up massive amounts of the meme asset Dogecoin (DOGE) over a two-week period.
“Dogecoin whales have purchased 1.40 billion DOGE over the past two weeks, worth around $280 million!”
Dogecoin is trading for $0.213 at time of writing, a 6.74% increase during the last 24 hours.

Moving on to the top crypto asset by market cap, Martinez says Bitcoin (BTC) appears to be forming a bullish technical pattern on the 30-minute chart. According to the trader, BTC may witness a breakout rally if it moves above its immediate resistance.

“Bitcoin shows [an inverse] head-and-shoulders formation on the 30-minute chart. Should BTC maintain its position above the 200 EMA (exponential moving average) and surpass the neckline resistance at $71,580, we could anticipate a potential increase of 4.44%, targeting a price of $74,760.”
Bitcoin is trading for $70,468 at time of writing, a fractional increase on the day. On January 23rd, the flagship digital asset was trading for $39,833.
#Dogecoin‬⁩ #Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool

Shiba Inu (SHIB) in Pivotal Quarter, Bull-Bear Action to Take Epic Ride

Shiba Inu printed more than two-year growth in only the past quarter, a bullish trend born out of the eclectic surge of Bitcoin (BTC) to a new all-time high (ATH). Despite historic traction, the month of April and this second quarter, in general, hold a different, almost-bearish prospect, overall. Data from Cryptorank shows April comes with negative trends despite average gains for the month coming in at 8.93%.

The Shiba Inu April trend comes with a massive 69.4% surge in 2021. April 2022 reversed the trend as the price slipped 22% overall. April 2023 also saw the SHIB price plunge by 6.41%, a trend that has started thus far with a current slump of 5.53% to $0.0000293.

When zoomed out to view the performance of Shiba Inu on a quarterly basis, it becomes obvious that the second quarter (Q2) is the least performing for the digital currency overall. The second quarter of 2021 saw SHIB close at a massive 628.9%, growth that has proven to be a one-off event.

Q2 of 2022 and 2023 saw reverse growth as the meme coin plunged 60.2% and 30.2%, respectively, per data from Cryptorank.

SHIB bulls and bears to hash it out:-
Despite historical trends, many indicators point to a potential difference in this new quarter. Shiba Inu as an ecosystem has evolved, with numerous growth catalysts that can rebalance the bull-bear fight.

One of these catalysts is the burn rate, a trend that has remained consistent in helping to crunch the supply of the digital currency. Per the earlier report, a total of 15.6 billion SHIB was scored in March, with a burn rate that soared 2,330%.

This burn rate is complemented by the growing embrace of Shibarium, Shiba Inu's layer-2 scaling solution. Notably, Shibarium has continued to hit significant milestones that have ultimately contributed to the growth of the underlying Shiba Inu ecosystem.
#SHIB🔥🔥 #ShibaInu2024 #Memecoins #BinanceLaunchpool #BullorBear

🔥 Bitcoin Halving Inches Closer With Fewer Than 2,900 Blocks Remaining

The next Bitcoin halving is on the horizon, drawing closer with each passing block and anticipated to take place anywhere between April 18 to April 22, 2024, at the milestone of block 840,000. Following this event, the reward for mining a block will halve from 6.25 bitcoins to 3.125 bitcoins. The following is a thorough exploration of what you need to understand regarding the fourth Bitcoin halving.

Navigating Through Bitcoin’s Imminent Reward Halving:-
As of now, fewer than 2,900 blocks remain until the forthcoming Bitcoin halving event. To grasp the concept of halving, it’s beneficial to first understand how new bitcoins come into existence, primarily through the process of bitcoin mining.
This involves entities, known as miners, validating blocks packed with transactions awaiting confirmation. In their pursuit to secure bitcoin rewards, miners engage in a computational contest, applying their processing power in a method referred to as ‘Proof-of-Work’ (PoW).

Upon successfully discovering a block and validating the held transfers, miners are rewarded with 6.25 newly created bitcoins, in addition to collecting transaction fees from each transfer processed. While the discovery of blocks occurs on average every ten minutes, this duration can vary.
The Bitcoin halving, embedded within the network’s framework, is designed to regulate the currency’s supply, occurring once every 210,000 blocks, or around every four years. Initially, when Satoshi Nakamoto introduced the Bitcoin protocol, miners were awarded 50 BTC for each block discovered, up until Nov. 28, 2012.

Subsequently, this reward was halved to 25 BTC per block. Following another 210,000 blocks, with blocks emerging roughly every ten minutes or so, the reward was further reduced to 12.5 bitcoins on July 9, 2016. The most recent halving, which took place on May 11, 2020, saw the block reward decrease to the current rate of 6.25 bitcoins.
#BTC🔥🔥🔥🔥 #Memecoins #BitcoinHalving. #BinanceLaunchpool #BullorBear

17 Projects Ready to Unlock Over $1.38 Billion Worth of Crypto in April 2024

The token unlock schedule by TokenUnlocks, a digital assets aggregation platform, shows 17 cryptocurrencies with individual token unlock values greater than $10 million in April. According to data on the platform’s website, the sum of the “large-value” unlocks will exceed $1.38 billion.

A tabulated schedule of the token unlock shows the exercise will begin on April 1 and run through the month until April 30. However, not all days of the month will register unlock activities, while there will be more than one unlock on some days.

As reproduced by Colin Wu, a prominent crypto journalist, the 17 crypto tokens scheduled for “large-value” unlocks in April include DYDX, ZETA, SUI, GAL, APT, CYBER, and STRK, with their unlocks planned to happen in the first half of April. From April 16 to 30, ARB, APE, AXS, IMX, PIXEL, ID, YGG, AGIX, OP, and PRIME will execute their unlock programs.

According to data from the Token Unlocks platform, APT will record the highest token unlock by value. The Aptos blockchain project will unlock 24.84 million APT tokens worth $409.89 million on April 12, 2024. That would represent 6.25% of the APT total supply in the cryptocurrency ecosystem.

While APT will record the highest figure in the “large-value” assessment, DYDX will lead in the supply ratio ranking among the listed tokens. By unlocking 33.33 million DYDX tokens worth $113.33 million, the decentralized exchange (DEX) native token will release 11.35% of its total supply into the crypto market.

DYDX will kick-start the token unlock program in April alongside ZETA, the utility token for ZetaChain. On April 30, PRIME, the official digital currency for Prime Worldwide, will conclude the “large-value” unlocks for April by unlocking 1.66 million tokens worth $36.23 million, representing 4.44% of its total supply.

Disclaimer: The information presented in this article is for informational and educational purposes only.
#newproject #Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool

New Developments in the Terra-SEC Case: Shocking Details of LUNA Collapse Revealed - Here's What Happened Behind the Scenes

James Hunsaker, a former employee of Jump Trading, made a shocking statement in the Terraform Labs case today. Hunsaker revealed that he had filed a notice against Jump Trading with the SEC, alleging Do Kwon's role in backing the UST algorithmic stablecoin before its $40 billion collapse in 2022.

Jump Trading Spent Hundreds of Millions of Dollars to Save LUNA 1 Year Before the Real Collapse:-
According to the statement, Jump Trading, a mysterious frequent trading firm that also owns cryptocurrency, had entered into a “significant agreement” with Terraform Labs (TFL) to increase adoption of UST.

Hunsaker, who worked at Jump Crypto before founding the blockchain startup Monad Labs, stated that when UST left the $1 peg in May 2021, Jump Crypto president Kanav Kariya said, “I talked to Do, he will give us tokens to be unlocked later.” .

Following this, Jump Trading co-founder Bill DiSomma directed investors to take “aggressive trades” and accumulate UST. Hunsaker described DiSomma as the real boss of Jump Crypto, rather than Kariya. “Since Terra was a large and important project for Jump, he was willing to risk several hundred million dollars to do it,” Hunsaker testified.

Both Kariya and DiSomma exercised their right of non-response in their statements to the SEC for the Terraform Labs case. The SEC stated that Jump made approximately $1 billion in profits through its deals with Terraform Labs.

A key part of the SEC's fraud case against TFL and Do Kwon was their claim that they concealed Jump's role in saving UST during the May 2021 depeg before the actual 2022 collapse. Kwon claimed that UST was “automatically self-healing,” and investors believed it.
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Warren Buffett Is Crashing In on Bitcoin, Crypto Via Nu Holdings

Warren Buffett, a stalwart critic of Bitcoin and crypto, is indirectly reaping the benefits of the asset class he has often dismissed.

Despite his well-documented skepticism, Buffett’s investment conglomerate, Berkshire Hathaway, is witnessing substantial gains from a stake in a company that operates within the crypto market.

How Warren Buffett Turns Crypto Into Profit:-
Berkshire Hathaway, under Buffett’s guidance, has long championed the value of investing in companies with strong cash flows and solid business models. This approach has helped the company navigate through market fluctuations with remarkable resilience.

Yet, Buffett’s aversion to Bitcoin and crypto has been a consistent theme, famously remarking in a 2018 interview that cryptocurrencies essentially produce nothing, and their value solely depends on the willingness of the next person to pay a higher price.

“If you told me you own all of the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything,” Buffett said.

However, Berkshire Hathaway’s investment strategy reveals a nuanced approach to the crypto market. The firm made a significant investment in Nu Holdings. This is a Brazilian fintech company that launched a platform for trading cryptocurrencies, Nucripto, in 2022.

Despite Buffett’s personal stance, his company’s foray into an entity that embraces crypto indicates a recognition of the sector’s potential profitability.

Nu Holdings has been a standout performer in Berkshire Hathaway’s portfolio. Since the initial $500 million investment in 2021, followed by an additional $250 million, the company has seen its value soar, with stock prices surging nearly 50% in 2024 alone. This performance comes on the back of an impressive run in 2023, marking a near 100% increase in stock value.
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