The data analytics platform revealed that Binance Labs has participated in a staggering 21 out of 30 Launchpool projects since November 2021, amassing 190 investment portfolios.

Comparable to other well-known venture capital firms like OKX Ventures, Coinbase Ventures, and Polychain Capital, which have each invested in roughly five Launchpool startups, Binance Labs has an astounding 11.05% strike rate.

This outstanding result highlights Binance Labs’ methodical approach to spotting innovative cryptocurrency businesses and seizing early funding chances.

While the average hit rate among the 288 investors did not exceed 2%, notable players like Gemini’s Frontier Fund, Draper Dragon, and individual investors like Synthetix founder Kin Warwick have achieved hit rates exceeding 5%, showcasing their ability to identify potential winners in the competitive Launchpool arena.

This Friday’s upcoming PCE data will be a surprise, and we will see where the Fed stands in its fight against inflation. More importantly, the inflation data, which has been poor for three months, completely undercut optimism about the Fed’s interest rate cuts. Last year, even the most cautious experts expected a rate cut in June, but now there is talk of a further 25bp increase.
The failure in controlling inflation, which negatively affects risk markets, was recently compounded by tensions between Iran and Israel. Although mutual attacks have stopped for now, this is not something that can disappear in a day. Thirdly, accelerated net outflows through the ETF channel with Genesis sales have not fully returned yet. The lack of increased risk appetite among investors familiar with traditional markets also poses obstacles to the rise of BTC.

Halving did not initiate the expected upward movement, so Bitcoin price might test $60,000 again. If it closes below $63,224, the $59,750 zone could be targeted. This test could trigger double-digit losses in altcoins.

With the crypto market undergoing a dynamic market sentiment, navigating the road to substantial gains requires a strategic effort. As of April 2024, Bitcoin's dominance remains strong at around 53.73%, setting the stage for altcoins to shine. Amidst this positivity, it’s important to identify the top altcoins to buy when the bull market surge starts. For investors looking to secure a huge profit, it is crucial to capitalize on the market's upward momentum and potential returns. Meanwhile, this journey entails meticulous research, market analysis, and a keen eye for emerging trends, ensuring a well-informed investment strategy.

Now that the cryptocurrency market is experiencing a market correction, people are trying to find a token that can help keep their portfolio on the greener side. Bitcoin halving has already reduced the profit that people made during the bull run. During this time, Bitgert’s BRISE coin has become one of the fastest-growing tokens in the market.$BTC $ETH $BNB

New statements came before the halving from BitMEX former CEO Arthur Hayes, known for his assertive statements and claims about Bitcoin and altcoins.

Speaking at the Token 2049 conference in Dubai, Arthur Hayes claimed that Bitcoin will continue its rise this year and next year.

$BTC #Token2049 #ArthurHayes

CryptoQuant’s analysis highlights declining open interest and funding rates in the Bitcoin derivatives market, indicating a “cautious” stance among traders, particularly with the arrival of several institutional participants. CryptoQuant analyst Shiven Moodley noted

Bitcoin’s decentralized ecosystem (BTCfi) surpassed $1 billion in 2024 in total value locked (TVL), with a 285% year-to-date growth. This movement was expected by blockchain industry players, such as Brazilian asset manager Hashdex and data analytics firm Nansen, as both entities included the rise of BTCfi in the current bull cycle.$BTC

This is the second time in the last two months that the U.S. spot Bitcoin ETFs market has recorded three days of cumulative losses. The first occurred between March 18 and 20, resulting in a total loss of $742 million. In comparison, this current outflow trend has resulted in losses totalling $149.83 million.

U.S. Bitcoin ETFs Experience Third Consecutive Day of Net Outflows For the Second Time Since Inception

#MyFirstFeedPost Hello, Binance Square! Some cryptocurrencies offer their owners the opportunity to earn passive income through a process called staking. Crypto staking involves using your cryptocurrencies to help verify transactions on a blockchain protocol. Though staking has its risks, it can allow you to grow your crypto holdings without buying more.