Bitcoin | Ethereum | Altcoin

💰 ‘Buy Bitcoin’ Sign Held at Janet Yellen’s 2017 Speech Sells for $1M Christian Langalis is anticipated to receive roughly $875,000, equivalent to 13.6 BTC, after Scarce.City deducts its 15% fee. A piece of notebook paper featuring the phrase “Buy Bitcoin,” famously seen in the background during a broadcast featuring then-United States Federal Reserve Chair Janet Yellen in 2017, has been sold for 16 BTC, equivalent to approximately $1.027 million. The auction, held at PubKey, a Bitcoin-themed bar in New York City, was organized and facilitated by the auction house Scarce.City. Source @Bitcoin_Ethereum_Altcoins

💰 Bitcoiner and author of the book Broken Money explains that in the long term, Bitcoin is correlated to measures of global liquidity rather than 🇺🇸 U.S. stocks “I view Bitcoin as not only a good performing asset, but one that is tied to global liquidity and is not necessarily correlated to other portfolio assets.” - Lyn Alden @Bitcoin_Ethereum_Altcoins

💰 Bitcoin Leads 30-Day NFT Sales, Outpacing 24 Blockchain Competitors While sales of non-fungible tokens (NFTs) have declined by over 38% in the past 30 days compared to the previous month, NFTs minted on the Bitcoin blockchain have dominated, accounting for more than 44% of sales. Statistics from the last 30 days reveal that four of the top five best-selling NFT collections all stem from the Bitcoin blockchain. Source @Bitcoin_Ethereum_Altcoins

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💰 Bitcoin miner Marathon Digital targets its hash rate to double in 2024 Bitcoin miner Marathon Digital has raised its 2024 hash rate growth target in response to Bitcoin’s fourth halving event, which reduced miners’ block subsidy rewards from 6.25 BTC to 3.125 BTC. Starting 2024 with a total hash rate of around 24.7 exahash per second (EH/s) across its mining facilities, Marathon initially planned to increase its hash rate by around 46% during the year, targeting 35-37 EH/s. Source @Bitcoin_Ethereum_Altcoins

🇺🇸 Consensys sues SEC, seeks court declaration that 🪙 Ethereum is not a security Consensys filed a lawsuit against the US Securities and Exchange Commission (SEC) on April 25 over allegations that the watchdog has overstepped in its authority in trying to regulate Ethereum (ETH). The lawsuit alleges that the SEC aims to unlawfully regulate Ethereum through enforcement actions against various companies, including Consensys, constituting “aggressive and unlawful” overreach. Consensys intends to prove that the SEC does not have legal authority to regulate ETH, user-controlled software interfaces, or the Ethereum blockchain more broadly. Source @Bitcoin_Ethereum_Altcoins

💰 BlackRock's Bitcoin ETF Snaps 71-Day Inflow Streak, Data Show BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, fell out of favor on Wednesday, preliminary data published by Farside Investors showed. For the first time since going live on January 11, the fund did not draw any investor money, snapping a 71-day inflows streak. Seven out of the other ten funds followed IBIT’s lead. Source @Bitcoin_Ethereum_Altcoins

💰 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