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🪙 New users flock to Ethereum while long-term holders are less active than ever Long-term holders of ether, the currency of the Ethereum blockchain, appear to be holding on tighter than ever before. According to data from The Block, the active supply of ether, or the supply that has been moved from one wallet to another within certain time periods, is currently at a historical low point for periods of one year or longer. The active supply over 30- and 90-days is also near all-time lows, having fallen over half from their peaks. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin Sees Third Best Quarterly Trading Volume in 3 Years: Report The first quarter of 2024 turned out to be Bitcoin’s (BTC) third-best in the past three years, according to a report from crypto data analytics platform Kaiko. Q1 2024 was Bitcoin’s best quarter in a year as the network witnessed a surge in trading volume. The $1.4 trillion traded in the quarter was the largest cumulative amount the network had seen in more than two years, representing a 107% increase from the $674 billion recorded in Q4 2023. Source t.me/Binance_Coinbase_Bybit

🇰🇷 South Korean party bets on US 💰 Bitcoin ETF access for votes According to a Bloomberg report on April 5, the opposition Democratic Party has vowed to remove restrictions on domestic and international exchange-traded funds (ETFs) directly holding crypto tokens, including United States Bitcoin ETFs. Following the approval of Bitcoin ETFs in January, South Korea’s securities regulator warned that local distribution of these ETFs could violate domestic laws. Source t.me/Binance_Coinbase_Bybit

💰 US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip U.S. spot bitcoin ETFs experienced a streak of four days of net inflows. The influx began modestly with $39.5 million on April 2, escalated to $113.5 million the next day, and soared to $213.4 million on April 3. The week’s culmination saw Friday pulling in an impressive $203 million, as reported by coinglass.com figures. Despite overall market positivity, Grayscale‘s GBTC encountered the day’s largest outflow among the ETFs. Trading volume for the ETFs on Friday summed up to approximately $2.37 billion, marking a 31.5% decrease from Thursday’s $3.46 billion. Source t.me/Binance_Coinbase_Bybit

💰 Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Bitdeer stated that as of March 31, it had “committed orders for wafers” from TSMC, anticipating that the assembly of these rigs would generate $60 million from Sealminer A1 mining equipment. Source t.me/Binance_Coinbase_Bybit

💰 Solana scrambles to tackle failed transaction surge and user complaints Solana is working “around the clock” to fix its current issues, which include the proliferation of failed transactions on the network. Solana is working “around the clock” to fix its current issues, which include the proliferation of failed transactions on the network. Meanwhile, Anatoly Yakovenko, Solana co-founder, also pointed out the challenges in combating congestion issues on a network. Over the past weeks, the high-flying Solana network has witnessed an upsurge in the number of failed transactions. Source t.me/Binance_Coinbase_Bybit

🟠 Binance executive remains detained as 🇳🇬 Nigerian court postpones case Crypto exchange Binance, currently facing criminal charges in Nigeria, notably lacked legal representation at its April 4 court hearing in the African nation. Instead, the hearing was only attended by its compliance chief, Tigran Gambaryan, who the Nigerian government has detained since the end of February. However, despite expectations for the proceedings to advance, the Nigerian High Court postponed the case until April 19. Source t.me/Binance_Coinbase_Bybit

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🇺🇸 US Courts Have Serially Rejected Crypto Industry’s ‘Decade’s Worth of Arguments’ – SEC Director Over the past decade, the U.S. Securities and Exchange Commission (SEC) has contended with “significant non-compliance” and “creative attempts” by cryptocurrency market participants to avoid its jurisdiction. According to the SEC’s enforcement director, the commission has regularly prevailed in its numerous court cases against these participants. Source t.me/Binance_Coinbase_Bybit

📣 OneCoin legal chief sentenced to four years for role in crypto pyramid scheme: report The Southern District of New York court has handed down a four-year prison sentence to Bulgarian national Irina Dilkinska for involvement in the web3 initiative OneCoin and its cryptocurrency of the same name. Dilkinska must also forfeit $111,440,000 and submit to one month of supervised release, according to a statement from the United States Department of Justice. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) captured over $110 billion in trading volume in March, a figure three times higher than the volumes in January and February, as the largest cryptocurrency soared to record highs. Trading was led by BlackRock’s IBIT, which comprised almost 50% of the total, Bloomberg Intelligence analyst Eric Balchunas said on X. Grayscale’s GBTC was next with 20% of the total share, followed by Fidelity’s FBTC at 17%. Source t.me/Binance_Coinbase_Bybit

💰 Long-Term Bitcoin Holders Begin ‘Taking Chips Off the Table’ at Record Highs, Analysis Shows Glassnode’s 13th weekly 2024 onchain analysis indicates a strategic shift among bitcoin investors as the digital asset reached a new peak, with long-term holders beginning to realize profits. The report shows a significant $2.6 billion per day in realized profits, highlighting a common response to reaching resistance levels at new ATHs. This trend aligns with historical patterns observed in previous cycles, where similar behaviors were noted among the investor cohort. Source t.me/Binance_Coinbase_Bybit

💰 Spot bitcoin ETF monthly trading volume nearly tripled in March, hits $111 billion In March, trading volume for spot bitcoin ETFs surged to $111 million, nearly tripling February's total of $42.2 billion, according to Yahoo Finance compiled on The Block Data Dashboard. February marked the first full month of trading since the products debuted on January 11, and the significant increase in March highlights the growing interest in these new crypto-based financial instruments. Source t.me/Binance_Coinbase_Bybit

💰 Over 5% of Bitcoin’s circulating supply now held in ETPs According to data from the Bold Report, Bitcoin exchange-traded products (ETPs) have achieved a significant milestone, accumulating over 1 million BTC. This translates to an impressive $74 billion in assets under management (AUM). This accumulation represents more than 5% of Bitcoin’s circulating supply, which is approximately 19.7 million Bitcoin. Source t.me/Binance_Coinbase_Bybit

🇹🇭 Thai Crypto Exchange Bitkub Plans 2025 IPO: Bloomberg The owner of Thai crypto exchange Bitkub Online plans to sell shares to the public next year and is in the process of hiring financial advisers, Bitkub Capital Group CEO Jirayut Srupsrisopa told Bloomberg. Thailand's biggest crypto exchange provides about 80% of the Bangkok-based parent's profit and is 9.2% owned by Asphere Innovations. The initial public offering (IPO) is expected to value the exchange at around 6 billion baht ($165 million), Jirayut said. Source t.me/Binance_Coinbase_Bybit

📣 Grayscale introduces crypto investment fund that prioritizes staking rewards Grayscale Investments has announced an investment fund tailored to sophisticated clients eager to expose their portfolios to income generated from staking cryptocurrency tokens. According to a recent statement, the Grayscale Dynamic Income Fund is only available to clients with more than $1.1 million assets under management or a net worth of more than $2.2 million. Source t.me/Binance_Coinbase_Bybit

💰 FTX estate's $7.5 billion sale of locked solana attracts strong interest The FTX estate’s sale of 41 million locked solana worth $7.5 billion has seen heavy demand, according to nine sources close to the discussions. Galaxy Asset Management was picked by the FTX estate in September 2023 to facilitate token sales as the estate reckoned that it would provide the services in a cost-effective and discrete manner. The registered investment advisor is allocating the tokens to prospective bidders, some of whom are raising funds to make larger bids. Source t.me/Binance_Coinbase_Bybit

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🪙 Ether spot ETF's chance of May approval dropped to 20% by GSR Crypto market maker GSR has lowered its estimate of the likelihood of a spot Ether ETF approval in May to 20%. This is a drop from GSR's January estimate of a 75% likelihood of a May spot ether ETF approval. GSR Research Analyst Matt Kunke had attributed the former optimistic outlook to Grayscale's Court of Appeals victory and the approval of Ethereum Futures ETFs in October. Source t.me/Binance_Coinbase_Bybit

🪙 Spot Ethereum ETF approval has 'no positive signs,' says ETF expert While the prospects of a spot ether exchange-traded fund receiving approval from the U.S. Securities and Exchange Commission are up for debate, one ETF expert remains largely pessimistic. Bloomberg Senior ETF Analyst Eric Balchunas posted on X today their belief that the odds of an ether ETF garnering approval are "a very pessimistic 25%." "Personally hope they do approve it but it just ain't looking good," he added. Source t.me/Binance_Coinbase_Bybit

🟠 Binance's successor in 🇷🇺 Russia, CommEx, halting deposits and undergoing phased closure CommEx, which previously acquired Binance's Russian business in an undisclosed deal, has halted deposits and is closing down. The Russian crypto exchange is undergoing a phased closure, beginning with today's suspension of new user registrations, per an announcement on its official Telegram channel. Asset transfers from Binance have also been suspended, as have fiat and cryptocurrency deposits Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin’s price rally above $69,000 leads to widespread market liquidations Bitcoin has started the week strong with a push above $69,000—up more than 3% today and marking its highest value since March 16. The move triggered a flood of liquidations in the digital asset ecosystem. These liquidations stem partly from the digital assets strong rally, peaking at an impressive $69,400. The last hour alone witnessed a massive $35 million worth of liquidations, primarily comprising of shorts. Source t.me/Binance_Coinbase_Bybit

💰 5 institutional investors own 22% of the largest Bitcoin mining company Marathon Digital Holdings (NASDAQ: MARA) is the world’s largest publicly traded Bitcoin (BTC) mining company. Institutional investors have gradually increased their positions in Marathon despite the block subsidy halving expected in April. In particular, institutional investors own 38.9% of Marathon’s outstanding shares, holding 104,212,740 out of the 268 million. Finbold gathered this data from Nasdaq, which also shows the top five institutional shareholders of the Bitcoin mining company. Source t.me/Binance_Coinbase_Bybit

🇮🇸 Iceland's PM gives cold shoulder to crypto as miners search worldwide for cheap electricity: Reports Iceland's vast network of hydroelectric and geothermal plants have made the island nation the world's largest energy producer per capita. A robust crypto mining industry has also made it the world's foremost Bitcoin hashrate producer by the same metric. Yet when Prime Minister Katrín Jakobsdóttir looks to the future, she prefers to picture corn over crypto mining. Source t.me/Binance_Coinbase_Bybit

🇪🇺 Anonymous crypto wallets now illegal in the EU In a recent regulatory development, cryptocurrency payments of any size using unidentified self-custody crypto wallets are now effectively illegal in the European Union (EU). This decision is part of a set of new anti-money laundering laws (AML) in the continent. Notably, Dr. Breyer is a member of the European Parliament for the Deutsch Piraten Partei and one of the two leaders who opposed this approval. Gunnar Beck was the other Parliament member who voted against it, representing the Alternative for Germany (AfD) party. Source t.me/Binance_Coinbase_Bybit

💰 Cathie Wood doubles down on $1.5 million Bitcoin as institutional exposure looms Ark Invest CEO Cathie Wood said Bitcoin could be worth more than $1.5 million per coin if institutions allocate roughly 5% of their portfolios to the digital asset. The firm’s revised outlook, suggesting a potential surge in Bitcoin’s price beyond the $1.5 million mark, aligns with broader expectations for its integration into the global financial system. With major financial institutions yet to fully embrace Bitcoin, Wood anticipates further upward momentum in its value. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin on track for seven green months in historic performance streak Bitcoin is poised to achieve a rare feat, closing seven consecutive months with gains, as reported by Glassnode. This streak, initiated in September 2023, echoes a previous record set between March and September 2012, marking only the second occurrence of such a streak in Bitcoin’s history. Notably, the scale of value differs significantly between these periods. In 2012, Bitcoin’s value increased from $4.89 to $12.37, marking a substantial price appreciation of approximately 153%. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin (BTC) Price Recovers But Danger Still Looms: QCP Capital Bitcoin’s setback below $61,000 triggered a market-wide correction. Despite the inflow of fresh capital, the leading crypto asset registered 15% in weekly losses at one point after hitting new all-time highs earlier this month. QCP Capital’s analysis suggests that the Bitcoin bull market is far from over while simultaneously highlighting a continued liquidity rotation, which is likely to propel the asset to new highs post-halving. Having said that, a “violent” near-term correction due to lingering leverage might transpire. Source t.me/Binance_Coinbase_Bybit

⬜️ Crypto Exchange OKX to End Services in 🇮🇳 India Crypto exchange OKX notified clients in India that they have until the end of April to wind up their positions because it is ending its service in the world's most populous country as a result of local regulations. The notice – seen by CoinDesk – told the customers they need to close all margin positions, as well as positions in perpetuals, futures and options and withdraw all funds by April 30. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin rebounds to $68k after Fed decides to maintain rates as expected The US Federal Reserve announced on March 20 that it would keep interest rates steady at 5.25% to 5.5% — aligning with market expectations and easing concerns of a more aggressive tightening of monetary policy. Additionally, the Federal Open Market Committee (FOMC) maintained its projection for a rate cut within this year, signaling a cautious but optimistic outlook for the economy. Source t.me/Binance_Coinbase_Bybit

🥇 Bitcoin halving event now just a month away, expected to occur on 4/20 Bitcoin’s next halving event is now just a calendar month away with approximately 4,450 blocks to go, according to estimates from The Block’s Bitcoin Halving Countdown page. The estimated countdown is based on Bitcoin's average block generation time of 10 minutes, setting a potential date of April 20 at around 8 a.m. EDT at the current pace. Bitcoin’s next halving event will see the reward for miners on the network drop from 6.25 BTC to 3.125 BTC per block. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin’s realized profit hits ATH but market keeps accumulating Bitcoin breaks new ground, investors watch with bated breath, seeking signs of the market's next move. Among the metrics that offer insight into the cryptocurrency's economic underbelly, realized profit and realized cap stand out, providing a glimpse into the true profitability and valuation far beyond mere market prices. With realized profit hitting a staggering $3.51 billion in mid-March, marking an all-time high amidst Bitcoin's price rally, questions arise. Source t.me/Binance_Coinbase_Bybit

💰 Grayscale’s GBTC spot bitcoin ETF sees record $642.5 million daily outflow Grayscale’s converted GBTC spot bitcoin exchange-traded fund saw record daily outflows of $642.5 million on Monday — breaking the prior $640.5 million peak set on Jan. 22. Inflows of $451.5 million from BlackRock’s dominant IBIT ETF were not enough to help overcome GBTC’s outflows, leading to a total net outflow of $154.4 million yesterday for the first time since March 1, according to data from BitMEX Research. Source t.me/Binance_Coinbase_Bybit

🟠 Binance Personnel Cleared of Insider Trading Allegations in BOME Controversy Binance has cleared its personnel from the allegations surrounding Book of Meme (BOME), a meme coin built on the Solana blockchain. The move follows widespread discussions and allegations of possible insider trading associated with the “BOME rat warehouse” incident, prompting Binance to take swift action to address the matter. According to the statement, preliminary investigation results suggest that the individual implicated in the allegations has no affiliation with Binance. Source t.me/Binance_Coinbase_Bybit

📊 BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore, in recent years, derivative tokens of bitcoin and ether have garnered significant popularity. Among these, STETH and WBTC stand out as preeminent, ranking within the top 20 of the crypto economy’s market capitalizations. Source t.me/Binance_Coinbase_Bybit

💰 Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the halving for miners. However, the halving will make mining much less profitable, particularly for those with high operational costs, potentially leading some to cease operations. Source t.me/Binance_Coinbase_Bybit

🇳🇬 Nigeria Proposes Rule Requiring Foreign Crypto Exchanges to Incorporate in the Country According to the proposed amendments to the rules governing digital asset entities by the Nigerian Securities and Exchange Commission (SEC), a company “seeking to operate as a VASP [Virtual Asset Service Provider] must be incorporated and maintain an office in Nigeria.” The SEC also proposed that the CEO or managing director must reside in Nigeria. Foreign or non-residential operators targeting Nigerian users directly or through their agents will also be subject to the proposed rule changes, the regulator added. Source t.me/Binance_Coinbase_Bybit

🇺🇸 US Bitcoin ETFs are a ‘monumental milestone’ says Coinbase UK CEO, while ETNs in the UK are a ‘positive step’ The upcoming availability of crypto exchange-traded notes is a positive step forward for the UK, according to Coinbase UK CEO Daniel Seifert. Seifert said that he discussed crypto ETNs with the UK’s Economic Secretary to the Treasury Bim Afolami, who spoke at a recent Coinbase event. At the time, Seifert said how they would be helpful for the industry and for the UK as a crypto hub. Source t.me/Binance_Coinbase_Bybit

💰 Spot ETF net inflows slow as bitcoin retreats from latest all-time high On Thursday, the U.S. spot bitcoin ETFs saw their net inflows slow to the lowest level so far this month as bitcoin swiftly retreated after reaching its latest all-time high. Net inflows fell to $132.5 million yesterday, heavily impacted by $257.1 million in outflows from Grayscale’s converted GBTC fund, according to data from BitMEX Research. Total net inflows since spot bitcoin ETF trading began on Jan. 11 now stand at just under $12 billion — or over 211,000 in bitcoin terms. Source t.me/Binance_Coinbase_Bybit