Bitcoin | Ethereum | Altcoin

💰 Bitcoin miner revenue holding steady following halving Perhaps the most significant moment of the past week was the bitcoin halving, which happened late in the day on Friday, April 19. As a reminder, the halving happens every 210,000 blocks, or roughly every four years, given that a block gets mined around every 10 minutes and decreases the reward for mining a bitcoin block by half, slowing bitcoin’s issuance. Source @Bitcoin_Ethereum_Altcoins

🪙 Grayscale, BlackRock Ethereum ETF applications updated amid SEC delays Grayscale Investments and BlackRock have updated their spot Ethereum ETF applications despite the SEC delaying its decision on the matter in recent weeks and expectations leaning toward rejection. Grayscale filed an S-3 registration statement with the SEC on April 23. The submission marks the latest step toward the firm’s proposed conversion of its existing Grayscale Ethereum Trust to a spot exchange-traded fund (ETF). Grayscale referred to the submission as “another key filing,” along with NYSE Arca’s earlier Form 19b-4 filing. Source @Bitcoin_Ethereum_Altcoins

🇺🇸 SEC delays making a decision on spot 🪙 Ethereum ETF proposals from Franklin Templeton, Grayscale The U.S. Securities and Exchange Commission is delaying making decisions on the next steps for two proposed spot Ethereum exchange-traded funds proposed by Grayscale and Franklin Templeton. The agency pushed its timeline to decide to June 11, 2024 for the Franklin Ethereum ETF after which the SEC could approve or disapprove or institute proceedings, the SEC said in a filing on Tuesday. Source @Bitcoin_Ethereum_Altcoins

💰 BlackRock's spot bitcoin ETF joins exclusive club after 70 straight days of growth BlackRock's spot bitcoin ETF continued its hot streak on Monday, adding inflows for the 70th straight day. That put the financial giant's ETF in the top 10 of exchange-traded funds with the longest daily streaks of inflows. Bloomberg senior ETF analyst Eric Balchunas posted a graphic to X demonstrating that if BlackRock's fund, ticker IBIT, succeeded in registering a 70th consecutive day of net inflows it would rank the exchange-traded fund among some of the most successful in history. Source @Bitcoin_Ethereum_Altcoins

💰 Bitwise: Bitcoin Will Have 'a Great Next 12 Months' Bitwise Asset Management expects bitcoin to have a great next 12 months. A Bitwise researcher has explained that the cryptocurrency will likely continue to test its “higher highs” this year and next. He considers regulatory risk to be the primary concern for bitcoin. Source @Bitcoin_Ethereum_Altcoins

💰 Pro-Democracy activist and Nobel Peace Prize nominee Feliz Maradiaga highlighted Bitcoin tool for freedom @Bitcoin_Ethereum_Altcoins

🪙 Ethereum (ETH) Price Surges 3.66% Amid Ancient Wallet Activation The cryptocurrency market has witnessed a surge in Ethereum (ETH) price by 3.66% over the last 24 hours, reaching $3,175. This surge coincides with the reactivation of an ancient Ethereum wallet that had been dormant for nearly 8.7 years, according to data from the crypto tracker Whale Alert. The dormant wallet, holding 197 ETH valued at $622,685, has sparked intrigue and speculation within the crypto community. Source @Bitcoin_Ethereum_Altcoins

💰 Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts Onchain fees have soared to their highest level since block height 840,000 and continue to stay elevated. At approximately 9 p.m. ET on Friday, a high-priority fee on the Bitcoin network escalated past the $240 per transfer mark. Currently, fees are hovering around 590 satoshis per virtual byte (sat/vB), which equates to approximately $52 per transfer. The significant increase in fees has generated a considerable amount of discussion within the cryptocurrency community over the past 12 hours. Source @Bitcoin_Ethereum_Altcoins

💰 Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving Bitcoin (BTC) held steady around $63,700 in the aftermath of the cryptocurrency's fourth halving, an event that upends the economics for the miners who power the Bitcoin ecosystem. BTC recently barely moved from its level right before the 840,000th Bitcoin block was mined just as Saturday began in UTC time. Bitcoin had slumped as low as $59,685 on Friday before rebounding above $65,000. Source @Bitcoin_Ethereum_Altcoins

💰 Google Searches for 'Bitcoin Halving' Get Higher Than 4/20 Google searches for the term “Bitcoin halving” have hit an all-time high, surpassing the previous record set during the last halving in May 2020. According to Google Trends data, which uses a 100 point scale to determine the relative popularity of keyphrases, there is more interest than ever in the Bitcoin network halving. Source @Bitcoin_Ethereum_Altcoins