Crypto Magazine

🟢 Bitcoin Cash Undergoes Halving Event, Sets Stage for May Upgrade The latest block data reveals that the Bitcoin Cash (BCH) network has undergone its anticipated reward-halving event. Consequently, BCH miners are now rewarded with half the amount they previously earned before reaching block 840,000. In the build-up to the BCH halving, there was a notable increase in the network’s overall hashrate, peaking at more than 8 exahash per second (EH/s) on April 1, and currently stabilizing three days later at around 3.78 EH/s on April 3.

Which one is a Ponzi Scheme?🤔

📊Yesterday, Bitcoin spot ETFs saw $38.8m net inflows. Ark Invest 21Shares’ ARKB experienced net outflows of $87.5m, exceeding Grayscale's GBTC outflows of $81.9m

📊 Grayscale falls behind in ETF outflows first time since launch as ARKB loses $87.5 million Grayscale Bitcoin Trust (GBTC) recorded lower outflows for the first time since the launch of spot Bitcoin ETFs on April 2, after ARK 21Shares (ARKB) posted outflows amounting to $87.5 million, according to Coinglass data. Comparatively, GBTC recorded the lowest outflows since March 12 at $82 million. The data for the other ETFs, including IBIT and FBTC, was not public as of press time. GBTC’s currently low outflows are notable because the fund consistently sees high outflows.

💡💡💡: 🇺🇸 The US Government just transferred $2 billion in #Bitcoin from seized Silk Road funds❗️

🔥Bitcoin ETF updates - 1st April 2024 Grayscale has not updated the $BTC holdings on the website. 9 ETFs(Including Grayscale) added 1,352 $BTC(+$92.3M).

📊 Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no incidents of hacking or fraud in the first three months of the year.

💲 Tether purchased 8888.8888 BTC ($627 million) On April 1, Tether received 8889 BTC on its wallet from the Bitfinex exchange. The company already holds 75,354 BTC ($5.2 billion). 🔔 Recall, earlier Tether promised to invest up to 15% of its profits in bitcoin.

📆 FTX is set to start paying out by the end of 2024 They plan to extend the filing deadline to at least June 2024. All claims, as previously planned, will be valued at the time of bankruptcy on November 11, 2022, that is, when the market was at the bottom and the prices of many crypto-assets were trading well below current marks. At that time, bitcoin was worth $16,500, SOL was worth $17, and ETH was worth $1,200.

💰 Bitcoin futures open interest reaches new high at $38 billion Open interest for bitcoin futures on centralized exchanges has reached a fresh high, indicating increased trading activity around the largest cryptocurrency by market capitalization. Since the start of 2024, daily open interest in bitcoin futures has increased by more than 100% from Jan 1, when it was approximately $17.2 billion. This rise coincides with bitcoin’s price surge to $70,000 — a 66% increase year-to-date.

📊Ethereum took a leap this weekend, climbing above $3.6K after falling as much as -25% between March 11 and March 19. The number of ETH addresses holding the coins reached an AllTimeHigh 118.23K, and the medium-term MVRV has a very weak bullish signal.

🪙 Uniswap DAO prepares to expand $5bn treasury beyond UNI Uniswap DAO, crypto’s third-richest protocol with a $5 billion treasury, has been content to keep its reserves denominated solely in its native UNI token. But that may be changing. With Uniswap exploring a new revenue-sharing model that will include token holders, the DAO, which administers the decentralised exchange, is seeking ways to extend its runway without depleting the the project’s reserves.

🪙 Ethereum co-founder Vitalik Buterin would like to see 'more good memecoins than bad ones' In a blog post published today, Ethereum co-founder Vitalik Buterin shared his ideas surrounding memecoins and their potential for a net-positive impact in the cryptocurrency space. Citing one of his "personal moral rules" that "if there is a class of people or groups you dislike, be willing to praise at least a few of them to do the best job of satisfying your values," Buterin stated that he has "zero enthusiasm for coins named after totalitarian political movements, scams, rugpulls or anything that feels exciting in month N but leaves everyone upset in month N+1."

📊Persons owning 100-1000 Bitcoin (high net worth individuals, merchants and institutional entities). Accumulated 268,441 Bitcoin in the last 30 days, which is the biggest change since 2012.

📣 LendFi Revolutionizes DeFi Landscape With Comprehensive App Launch LendFi announces the launch of its innovative app, now available for download on both the iOS Store and Google PlayStore. This groundbreaking app introduces a suite of utility features designed to enhance user experience and financial empowerment. Among these are staking, peer-to-peer (P2P) lending, cryptocurrency swaps, integration with GameFi and non-fungible tokens (NFTs), and the pioneering use of artificial intelligence (AI).

🏦 Coinbase Wallet triumph over SEC allegations is a ‘giant win’ for DeFi A U.S. judge has determined Coinbase’s self-custody crypto wallet doesn’t make it a broker, which lawyers say is a “significant setback” for the SEC and a boon for DeFi. U.S. District Judge Katherine Failla on March 27 denied Coinbase’s bid to dismiss a Securities and Exchange Commission’s lawsuit, finding the SEC “sufficiently pleaded” Coinbase was unlicensed and its crypto staking offering was unregistered securities.

⚡️⚡️⚡️⚡️⚡️⚡️ FTX founder Sam Bankman-Fried (SBF) sentenced to 25 years in prison.

💰 Ripple needs to pay $1.95 billion in fines, SEC says in proposed final judgment The Securities and Exchange Commission wants Ripple Labs to pay close to $2 billion and asks a New York court to weigh the "severity" of the firm's misconduct. In a proposed final judgment filed on Monday, the SEC asked Judge Analisa Torres to approve the fine, which includes $876 million in disgorgement, $198 million in prejudgment interest and a civil penalty of $876 million.

📣 Wellfield Announces Strategic DeFi Layer 2 Initiatives on Optimism Wellfield Technologies Inc. (TSXV: WFLD) (FSE: K8D) (the "Company" or "Wellfield"), is excited to announce significant developments launching key initiatives exclusively within the Optimism ecosystem, a leading Ethereum Layer 2 (L2) solution. These initiatives, which have been in active development for some time, include the imminent rollout of Wellfield's tokenized gold ecosystem, a strategic upgrade of the Tradewind Ledger, Coinmama's self-custody wallet, and Wellfield's decentralized finance (DeFi) protocols.