A year ago, Warren Buffett stated that he wouldn't spend even $25 to buy all the bitcoins in the world.

Since then, the market capitalization of BTC has increased by $800 billion.

Author's comment:

Warren Buffett has been known for his skepticism towards Bitcoin and other cryptocurrencies, often highlighting his preference for investments in tangible assets or businesses with clear, productive value. His statement about not spending even $25 to buy all the bitcoins in the world is consistent with his longstanding investment philosophy, which prioritizes businesses with strong fundamentals and predictable revenue streams.

The subsequent increase in Bitcoin's market capitalization by $800 billion since his statement underscores the volatile and speculative nature of the cryptocurrency market, which can experience significant changes in value over short periods. This volatility is often driven by a range of factors including technological developments, regulatory changes, market sentiment, and macroeconomic trends.

While Buffett's view on Bitcoin reflects his cautious approach to investment, the market dynamics of Bitcoin demonstrate the contrasting perspectives and the high-risk, high-reward nature of investing in digital assets. Buffett's comments and the market's response illustrate the deep divide between traditional investment philosophies and the newer, more speculative strategies associated with cryptocurrencies.

⚡️⚡️CZ, the founder of Binance has been sentenced to 4 months in prison.

🟠CZ's lawyers were asking for house arrest or probation period
🟠DOJ attorneys were asking for 3 years
🟠US Probation Department was recommending 5 months

😳LiquidationMap: Bitcoin only needs to rise to $71,744 to liquidate SHORT positions worth $11.5 billion...

📈 MicroStrategy continues its bullish Bitcoin journey, acquiring an additional 122 BTC in April, boosting their total holdings to a staggering 214,400 coins!

Hong Kong ETFs Fail to Meet Expectations 🤥

Expectations that Hong Kong ETFs would outperform American ones on their first day did not materialize.

At the end of the first day, the total volume of six spot ETFs on BTC and ETH amounted to only $12 million. This is 383 times less than in the USA, where the volume reached $4.6 billion on the first day.

❗️ MilkyWay Raises $5 Million

🏢 MilkyWay, a liquid staking protocol for Celestia, has raised $5 million in a seed round.

💼 The round was led by Polychain Capital, with participation from Binance Labs, Hack VC, Crypto.com Capital, and LongHash Ventures.

🔍 It is noted that this round was structured as a Simple Agreement for Future Equity (SAFE) with token warrants for lead investors, as well as a Simple Agreement for Future Tokens (SAFT) for participating investors.

ℹ️ A token warrant is a derivative financial instrument that allows the warrant holder to purchase tokens from the issuing company at a specified price within a set term or by a specific date.

🪙 Additionally, MilkyWay plans to soon launch its own token, $MILK, which will be distributed through an airdrop called "Massive airdrop" or "MassDrop".

👥 As part of MassDrop, users will be allocated no less than 10% of the total supply of $MILK tokens, who participated in their "mPoints" scoring program.

🗓 The total supply of $MILK tokens will be announced later, with the token launch expected by the end of the second or beginning of the third quarter.

#MilkyWay #MILK #Airdrop #MassDrop

❗️ Coal company Alliance Resource mines $BTC using surplus electricity

⛏ Coal company Alliance Resource Partners (ARLP) has announced that it is using surplus electricity for bitcoin mining.

🗣 "In the second half of 2020, we began mining $BTC as a pilot project to monetize already paid-for but underutilized electrical load at our River View mine," stated CFO Keri Marshall.

💰 By the end of the first quarter of 2024, the company had 425 $BTC on its balance sheet, valued at $30 million.

#AllianceResourcePartners #ARLP #Mining #Bitcoin #BTC

❗️ Nansen: Transaction volumes of USDT, USDC, and DAI exceed Visa's average monthly volume for 2023

📊 According to Nansen data, the largest stablecoin by market capitalization, USDT, was used in transactions amounting to $654 billion over the last 30 days, while DAI exceeded $394 billion, and USDC was used for transactions totaling $321 billion.

💰 The total volume ($1.369 trillion) surpasses Visa's average monthly volume in 2023, which was $1.23 trillion.

🔍 It is noted that Tether alone nearly matched Mastercard's monthly transaction volume.

🧐 However, there are discrepancies regarding which stablecoin actually leads in transaction volume. Visa claims that USDC holds this position, if bot activity is excluded and focus is placed on isolated large transactions.

#Nansen #USDT #Tether #USDC #DAI

❗️ Hong Kong has started trading spot Bitcoin and Ethereum ETFs

🇭🇰 Today, Hong Kong launched trading of six spot Bitcoin and Ethereum ETFs managed by China Asset Management, Harvest Global, Bosera, and HashKey.

🔍 According to data from the Hong Kong Stock Exchange (HKEX), the total volume exceeded $6.3 million, with the spot Bitcoin ETF by China Asset Management leading the pack.

⚖️ It is noted that this initial volume is significantly smaller compared to the launch of a similar ETF in the USA in January, which had $4.6 billion.

#HongKong #BitcoinETF #EthereumETF #BTC #ETH

Market Data for April 30, 2024

🟦 Current Bitcoin price — $61,664 (-2.74%)
🟨 Current Ethereum price — $3,043 (-4.02%)

❇️ BTC Dominance Index — 54.88%
❇️ S&P 500 Index — $5111
❇️ Fear and Greed Index — 67 (Greed)

🌐 Total market capitalization — $2.273 trillion
🌐 Altcoin market capitalization — $1.026 trillion

📈 Top-100 Crypto Gainers:
1. HNT — $5.87 (+14.4%)
2. W — $0.668 (+13.4%)
3. ENA — $0.896 (+12.3%)

📉 Top-100 Crypto Losers:
1. PENDLE — $4.36 (-17.8%)
2. MKR — $2,796 (-5.9%)
3. TAO — $393 (-3.9%)

💰 2000 dollars to 6.65 million dollars!

When the #Ethereum price was $0.9, a wallet affiliated with the Ethereum Foundation transferred 2,000 ETH to another wallet on September 22, 2015.

This wallet woke up 9 years later and sent 2,000 ETH ($6.65M) to another wallet 🚀

Three altcoins to watch in May 🇻🇦

🟡 Harmony. The transaction volume with the ONE token has successfully surpassed the $1 million mark. This indicates a surge in usage and demand within the project's network, which could contribute to price growth.

🟡 Dogwifhat. The token is within an isosceles triangle pattern. This pattern predicts a bullish breakout that could send its price to $4.8, representing a 51% increase.

🟡 NEAR. The price of NEAR could benefit from the effects of the BTC halving, which is likely to push altcoin prices higher. The coin has reached the 61.8% Fibonacci level. This level, at $7.4, is considered the bottom and the basis for a bull market.🔥

🔐 Trust Wallet has successfully passed a security audit by Salus.

During the wallet review, several aspects were recommended for improvement: enhanced protection of critical information and optimization of web pages.

🐦 Perhaps...

X/Twitter might become a full-fledged financial services app, now that it has acquired money transfer licenses in 25 U.S. states.

Coming soon:
🖤 Wallet/account
🖤 Payments to any user
🖤 Interest on funds
🖤 Purchases
🖤 Subscriptions
🖤 Tips

I wonder what will be used for making purchases and transactions? Elon, not suggesting anything, but... 👑 🐶

In an interview, a representative from Consensys, the developer of the MetaMask wallet, outlined four reasons why Ethereum is not considered a security:

1. Historical SEC Position: In 2018, the former director of the SEC's Division of Corporate Finance stated that Ethereum is not considered a security.

2. CFTC Lawsuit Against KuCoin: In this lawsuit, the regulator classified Ethereum as a commodity.

3. Decentralization: Ethereum's decentralized nature distinguishes it from typical securities, which are usually managed by a central authority.

4. Proof-of-Stake Transition: The transition from a Proof-of-Work to a Proof-of-Stake consensus mechanism serves as evidence that the asset is not a security.

Bitcoin Forecast for the Week – What Investors Expect from BTC

Despite the fall of BTC post-halving, active growth is expected this week.

💬Trader "Coosh" Alemzadeh believes that the shift towards positive movement for Bitcoin has been initiated. According to his chart, he is waiting for confirmation of BTC's growth by the end of April.

💬Vivek, founder of Bitgrow Lab, illustrated his positive forecast with a chart comparing cryptocurrency behavior patterns.

💬Trader Captain Faibik writes that BTC will begin its movement towards $100,000 this week.

💬Trader Doctor Profit states that on-chain analysis of Bitcoin only shows positive signals. According to his observations, BTC is moving sideways between $60,000 and $72,000. He noted that he sees a "bull flag" pattern on the daily Bitcoin chart, which indicates the potential for the coin's imminent growth.

Among the positive signals, Doctor Profit highlighted the active printing of new Tether stablecoins.

What are your predictions? 👇

🏆USDC stablecoin surpasses USDT! (Bloomberg)

- In April 2024, USDC surpassed USDT in terms of transaction volume. (166.6 million vs. 163.6 million)

- Since the beginning of 2024, users have transferred $456 billion in USDC, while in USDT – $89 billion.

- In terms of the number of active addresses, Circle's stablecoin still significantly trails Tether – 9.57 million versus 34.2 million. (Visa analysts)

◼️Nansen: The total transaction volume in #USDT, #USDC, and #DAI over the last 30 days has exceeded Visa's average monthly volume for 2023. ($1.369 trillion vs $1.23 trillion)

❗️#ETH FOX: SEC has considered Ethereum a "security" for a year!

▫️The SEC officially started an investigation into the "status" of Ethereum on March 28, 2023. (an official order was approved)

▫️Since last spring, SEC employees have the right to summon individuals and legal entities involved in the case to court.

▫️The SEC has instructed recipients of court subpoenas to keep the investigation STRICTLY CONFIDENTIAL if they wish to receive additional information about the case.

🔥#AVAX Payment giant Stripe integrates Avalanche into its app! (blog)

- Recently, Stripe resumed crypto payments (after a 6-year hiatus), adding support for transfers in USDC.

- Now, users in the US can buy the AVAX token directly through Stripe without using cryptocurrency exchanges.

Stripe is similar to PayPal for professional use (e-commerce).

📊 Coinshares: Report on cryptocurrency financial flows.

🩸The outflow of capital from the crypto industry continues, with $435,000,000 withdrawn last week.

▫️Capital outflow from cryptocurrency products linked to #BTC = $423,000,000.

▫️Capital outflow from cryptocurrency products linked to #ETH = $38,400,000.

▫️Last week saw a minor inflow of capital into cryptocurrency products linked to #LTC, #DOT, #XRP, and #ADA.

✔️Bernstein: "The slowdown in inflows into Bitcoin ETFs is a temporary phenomenon. Our forecast remains the same — BTC at $150,000 by 2025."