$BTC The upcoming Bitcoin halving, reducing mining rewards from 6.25 BTC to 3.125 BTC per block, raises concerns among miners, especially those with older, less efficient hardware. Charles Edwards warns of potential shutdowns and centralization of mining power among larger operations. The halving's economic implications include mitigating inflation and increasing Bitcoin's rarity, historically leading to price spikes, although the current market uncertainty complicates predictions. While some anticipate positive effects on Bitcoin's tokenomics, others emphasize the event's significance in reinforcing Bitcoin's supply mechanics and long-term value proposition.
#Bitcoin #bitcoinhalving #HalvingCylces

Bitcoin and other cryptocurrencies fall sharply following Iran's drone attack on Israel.
The cryptocurrency price dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following the attack.
According to Bloomberg, Iran launched drones toward Israel on Saturday. The move is a retaliation for an attack conducted by Israel days before. Israel attacked a diplomatic compound in Damascus, Syria, killing seven Iranians, including two generals.
The conflict between Iran and Israel significantly escalates tensions in the region, something the U.S. has been reportedly trying to prevent since October’s Israel-Hamas conflict.
“We were not aware that Israel was going to carry out this airstrike in advance,” the official stated. “Minutes before it happened and when Israeli planes were already in the air, Israel reached out to a U.S. official to say they were in the process of conducting a strike in Syria. It did not include any details on who they were targeting or where it would be conducted, and the strike was already underway before word could be passed through the U.S. government.”

#Bitcoin #bitcoincrash #warning!

Arbitrum, Starknet, and Axie Infinity ecosystems have voluminous cliff unlocks lined up for next week.ARB, STRK, and AXS tokens worth millions would be unleashed, alongside others like IMX, PIXEL, MANTA, and APE.Token holders should brace for volatility to escape exit liquidity ahead of Bitcoin halving week.
Several ecosystems have their unlock events lined up for next week, starting Sunday, April 14. Millions of dollars’ worth of tokens will be unleashed into the market, increasing the individual circulating supplies of the projects. Volatility should be expected with investors looking to trade around the events. This will be a week to the Bitcoin halving, a much-awaited event expected to kickstart the next bull cycle.
Token unlocks to watch before Bitcoin halving
While there are many token unlock events this coming week, three stand out for their voluminous chunks of unleashes. Arranged in the order of dates:
The Starknet ecosystem will unlock 64 million STRK tokens worth $117.12 million at current rates on April 15. The tokens, constituting 8.8% of the network’s circulating supply will be allocated to early contributors and investors.
Ethereum Layer 2 (L2) ecosystem Arbitrum will see the largest token unlocks event of the week happen. On April 16, the network will allocate 92.65 million ARB tokens comprising 3.5% of its circulating supply and worth $131.56 at current rates to the Arbitrum team, the future team, and future advisors, and investors.
Right after ARB unlocks will be AXS unlocks on April 17, where the Axie Infinity ecosystem will unleash 10.87 million AXS tokens worth $103.91 million to the market. Making up for 7.6% of the network’s circulating supply, the chunk will be issued toward staking rewards, the team, and for the ecosystem fund.
Possible implications of token unlock events
Notably, if the respective token unlocks lead to a flood of sell orders from the investors or team members looking to cash out, it could create downward price pressure on the individual tokens. Nevertheless, the overall market sentiment and conditions also has bearing depending on recipients of the tokens perceive the events. In a bullish market, investors may be more optimistic about token unlocks, while in a bearish or uncertain market, they may be more cautious.
If the token unlocks are associated with a successful network milestone, partnership announcement, or positive developments for individual ecosystems, it could be perceived as a bullish signal. Investors may interpret the unlock as a vote of confidence in the project's future prospects.
Additionally, token unlocks can also provide liquidity to investors. This would allow them to freely trade the tokens and potentially increase trading volume.
Other token unlocks to look out for
15.6 million APE tokens, an ERC-20 governance and utility cryptocurrency, worth $25.27 million will be unlocked on April 17.Web3 modular ecosystem Manta Network will pour 21.67 MANTA tokens worth  $57.42 million on April 18.Gaming ecosystem ImmutableX will unlock 34.19M IMX tokens worth $87.53 million on April 19.Ronin Network’s social casual web3 gaming ecosystem Pixels will unlock 54.38 PIXEL tokens worth $34.66 million on April 19.
Notably, all these are cliff token unlocks, where a significant portion of the tokens is locked up for a specific period initially, with full access granted after the cliff period expires. This is unlike a linear token unlocks, which involve a gradual release of tokens over time, typically in regular intervals such as daily, weekly, or monthly increments.
Unlike in cliff unlocks, the Linear alternative spreads out the token release schedule, potentially reducing the impact of sudden influxes of tokens hitting the market at once.
#cryptotrends #Unlocks #tokens.

$BTC Bitcoin’s price took a massive turn to the worse yesterday with a decline that pushed it south by about five grand in hours.
The altcoins’ losses were even more significant, which is evident by the rising BTC dominance. Many meme coins dumped by over 20%.
BTC’s Crash
The business week was actually going relatively well for the primary cryptocurrency. The asset had a strong start on Monday when it pumped to a four-week peak of over $72,500 amid the growing demand for the spot ETFs.
It failed to maintain its run and retraced to $67,500 on Wednesday after the US announced the March inflation data, which was actually higher than expected. Nevertheless, the cryptocurrency recovered some ground in the next few days and even challenged $71,000 on Friday.
However, it didn’t see much success there. Just the opposite, the latest US Fed speeches regarding the central bank’s monetary policy started a violent correction that drove BTC south by about five grand, leaving nearly $1 billion in liquidations.
Bitcoin has managed to regain some traction and now stands above $67,000. Still, its market capitalization has plummeted ty $1.330 trillion on CG. The silver lining is that Bitcoin’s dominance has soared to 51.7% – gaining over 1% in a day.
Also, this crash harmed other financial markets, including gold, and you can read more about it here.
Alts Turn Red
The increasing Bitcoin dominance amid this correction means only one thing – the altcoins have performed even worse. Although many have recovered some ground since the lows from yesterday evening, the 24-hour charts are still quite painful.
The biggest losers from the larger-cap alts include XRP (-11%), SOL (-13%), DOGE (-13%), ADA (-13%), AVAX (-18%), SHIB (-12.5%), BCH (-10.5%), DOT (-13.5%), LINK (-14%), and many more.
The meme coins were also hit hard, with losses of up to 30% in some cases.
The total crypto market cap declined by over $200 billion at one point, and even though it’s slightly up since that low, it is still way below $2.6 trillion.

Factors Backing Prosper’s Assertions
The prominent XRP community member further highlighted several factors he believes support his assertion.
First, he mentioned the recent Second Circuit ruling in the SEC v. Govil lawsuit, where the court denied the commission’s request to reverse its decision on disgorgement. Notably, the court held that the SEC is not entitled to disgorgement from the seller if the buyer suffers no financial losses.
Second, Prosper characterized the SEC’s remedies-related brief as terrible for failing to identify a single institutional investor who incurred economic losses from purchasing XRP from Ripple.
According to him, another factor suggesting that the SEC and Ripple might have reached a settlement was the occurrence of a settlement conference, which took place without the defendant submitting its remedies-related reply brief.
Recall that the parties had a settlement conference on March 29 at 03:10 PM (ET). The conference was in line with the court’s directive, which ordered the parties to convene at least one hour before the final pretrial conference by April 16 to explore the possibility of settling the case. According to Prosper, the settlement conference took longer than anticipated.
SEC Now Focused on Other Crypto Entities
In addition, Prosper pointed out that the SEC has shifted its attention away from Ripple and is now focused on charging other crypto-related entities, including Ethereum and Uniswap.
For instance, the SEC launched an investigation that could potentially classify Ethereum as a security. It also sent a Wells Notice to popular Ethereum-based decentralized exchange (DEX) Uniswap.
Furthermore, the XRP enthusiast mentioned Ripple’s plan to launch a stablecoin pegged to the U.S. dollar and the shocking release of 500M XRP from the company’s escrow account.
Following the unscheduled release of the 500M XRP, Ripple enthusiasts speculated that the crypto payments company plans to use the funds to fulfill its settlement obligations.
Lastly, the expert highlighted the upcoming SEC’s Sunshine Act meeting as another factor indicating that the parties have settled. It bears mentioning that the SEC recently conducted a closed-door meeting on April 11.
A Few Corrections
However, it remains unclear whether the parties have reached a settlement, as Prosper and other XRP enthusiasts speculated. The lawsuit is still in the remedies stage, with Ripple expected to file its opposition to the SEC’s brief by April 22.
In a subsequent disclosure, Prosper corrected some of his remarks, confirming that there is no settlement conference scheduled for April 16, as earlier noted. In addition, he stressed that the reason behind the uncharacteristic 500 million escrow unlock had been spotlighted.
For context, The Crypto Basic confirmed this morning that this escrow unlock came up to complete the 1 billion token quota scheduled for each month. Notably, the transactions, which Ripple scheduled for April 1, merely suffered a delay. Despite these corrections, Prosper continued to speculate based on the rest of his assertions. $XRP

#Ripple #RippleVsSEC #LawsuitUpdate