Blockchain Explained

💰 Bitcoin mining firm Foundry plans to redistribute halving 'epic sat' proceeds Foundry Digital’s USA Pool Team said it will distribute profits to its members if the pool mines the first satoshi in the halving block, according to an email screenshot posted by The Mining Pod host Will Foxley on X. “We’ve taken the steps to isolate the epic sat if Foundry USA Pool does mine this block, and we will make reasonable efforts to monetize it and distribute 100% of the proceeds to our pool members,” the team said in the email. Source https://t.me/Blockchain_Explained

💰 Bitcoin dips below $60,000 in wake of Powell's comments, even as halving draws near The world's largest cryptocurrency by market capitalization dropped below the $60,000 threshold even as the bitcoin mining halving looms closer. Bitcoin hit $59,889 around 12:00 p.m. ET on April 17, according to The Block's Price page for bitcoin. The token rebounded to just over $60,300 at 1:05 p.m. ET on the same day, experiencing a decrease of $2,423, or 3.9%, in the past 24 hours. Source https://t.me/Blockchain_Explained

📣 Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions Bitcoin's fourth mining-reward halving is just two days away. The quadrennial event will reduce BTC's per block emission to 3.125 BTC from 6.25 BTC, halving the pace of new supply. Previous halvings preceded massive multimonth rallies in BTC, and the crypto community is confident that history will repeat itself. Investment banking giant Goldman Sachs, however, cautioned its clients from reading too much into the past halving cycles. Source https://t.me/Blockchain_Explained

🟠 Former New York Fed officer joins Binance.US board Crypto exchange Binance.US announced Tuesday it has appointed a former New York Federal Reserve officer, Martin Grant, to its Board of Directors for BAM Management US Holdings to help oversee the firm’s financial reporting processes and internal controls. Grant is a former chief compliance and ethics officer at the New York Fed with over three decades of regulatory, legal and compliance experience in government and the digital assets industry. Source https://t.me/Blockchain_Explained

💰 Bitcoin’s weekend dip shakes out short-term holders Bitcoin market experienced a tumultuous dip, with prices plunging from $70,090 to $64,400 before settling around $66,000. Market watchers are keenly observing the behaviors of short-term and long-term Bitcoin holders—their reactions often providing clues about future trends. Short-term holders appear rattled, hastily selling off their Bitcoin at a loss as indicated by a sharp drop in their SOPR metric. On the flip side, long-term holders continued to display resilience amid downturns. Source https://t.me/Blockchain_Explained

🇬🇧 UK to legislate ‘whole host’ of crypto activities starting in the summer UK Economic Secretary to the Treasury Bim Afolami said the country is working on legislation for crypto regulations permitting several activities. Speaking at the Innovate Finance Global Summit (IFGS) 2024 on April 15, Afolami emphasized the regulatory regime’s far-reaching nature and said the change would bring a “whole host” of crypto activities within regulatory bounds. Source https://t.me/Blockchain_Explained

🇭🇰 Hong Kong approves first batch of spot bitcoin, ether ETFs in drive to become crypto hub Hong Kong approved the applications of several spot bitcoin and ether exchange-traded funds on Monday, as the region continues its drive to become a regional crypto hub. China Asset Management, a major Chinese asset manager, said that its Hong Kong unit has received approval in principle from the Hong Kong Securities and Futures Commission to offer retail asset management services related to spot crypto ETFs. Source https://t.me/Blockchain_Explained

📈 Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions PAXG rose as high as $2,923 on Saturday, trading at a premium of over 20% to the yellow metal's per-ounce price of $2,342.90 at Friday's New York close, CoinDesk data show. As of writing, PAXG still drew a notable premium, trading at $2,471. Meanwhile, bitcoin and other major cryptocurrencies traded under pressure as Iran fired explosives at Israel in retaliation for a suspected Israeli attack on its consulate in Syria on April 1. On Sunday, Iran warned Israel and the United States of a much larger response after Tel Aviv said it would respond to Iran's retaliatory aggression. Source https://t.me/Blockchain_Explained

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🪙 Uniswap Labs hikes swap fee to .25% from .15% on trades through interface Uniswap Labs has hiked the fee it charges to users for using its interface to trade on the Uniswap protocol from .15% to .25% for most swaps. The change in policy was made on Apr. 10, blockchain data shows, mere hours after Uniswap founder Hayden Adams revealed that the SEC had sent a Wells Notice warning of an incoming lawsuit to the company. Source https://t.me/Blockchain_Explained