Bitcoin’s (BTC) tight consolidation near its local top suggests that traders are waiting for a catalyst to start the next trending move. The consumer price data on April 12 and the producer price index data on April 13 could give insight into the Federal Reserve’s future rate hikes and shake the traders out of . . . → Read More: Price analysis 4/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
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Bitcoin (BTC) continues to tread water at the April 10 Wall Street open, but crypto market participants are betting on a serious breakout next. After a late surge took BTC/USD to its highest weekly close since June 2022, there is new optimism over an attack on $30,000. Data from Cointelegraph Markets Pro and TradingView . . . → Read More: ‘Pop or drop?’ Bitcoin analysts decide if BTC price will beat $30K The New York Times’ latest report on Bitcoin (BTC) mining, titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponents — some of whom took to Twitter to call out certain aspects of the report, including saying it was “cherry-picking” data. The NYT article says Bitcoin mining has a . . . → Read More: Bitcoin proponents respond to New York Times’ BTC mining report The Lightning Network, a layer-2 payment solution built on top of the Bitcoin blockchain, is six years old. Products, users and the amount of Bitcoin (BTC) sent on the Lightning Network (LN) has sky-rocketed in 2023, despite the price per Bitcoin slipping under $20,000. Source: Twitter/Kerooke The LN has benefited from the integration into the Nostr . . . → Read More: The state of the Bitcoin Lightning Network in 2023 Decentralized finance (DeFi) protocol SushiSwap recently suffered an exploit due to a smart contract bug, leading to over $3 million in losses. Members of the crypto community responded to the hack, with some thinking that there was something fishy about it. On April 9, security firms detected unusual activities in the DeFi platform’s . . . → Read More: Community on SushiSwap exploit: The $3.3 hack is ‘weird’ Cross-chain automated marker maker Symbiosis has onboarded layer-2 scaling protocol zkSync to improve speed and reduce fees of token swaps on its platform. The decentralized exchange (DEX) was launched in March 2022. It provides single-sided stablecoin pools that deliver zero impermanent loss to liquid providers. It also facilitates “any-to-any” native asset swaps on its . . . → Read More: Symbiosis integrates zkSync: ‘Natural evolution’ of scaling solutions Bitcoin (BTC) starts the week on a firm footing as bulls send BTC price to a new 10-month high weekly close. After a relatively calm week, last-minute volatility is getting traders excited at the prospects of a repeat attack on $30,000 resistance — but a lot stands in the way. In what is set . . . → Read More: CPI to spark dollar ‘massacre’ — 5 things to know in Bitcoin this week The long weekend has not produced any fireworks in Bitcoin (BTC) price, which continues to trade inside an ever-narrowing range. Bitcoin is on track to form a third consecutive Doji candlestick pattern on the weekly chart. This suggests that the Bitcoin bulls and the bears are not clear about the next directional move. It . . . → Read More: Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullish BTC white paper hidden on macOS, Binance loses AUS license and DOGE news: Hodler’s Digest, April 2-8Top Stories This Week Bitcoin white paper is apparently hiding in Apple’s modern macOS Satoshi Nakamoto’s original white paper laying out the thesis for the Bitcoin network is seemingly hiding within every modern version of the operating system for Apple’s Mac computers. An April 5 blog post from technologist Andy Baio revealed that a . . . → Read More: BTC white paper hidden on macOS, Binance loses AUS license and DOGE news: Hodler’s Digest, April 2-8 A bill seeking to regulate Bitcoin (BTC) mining activity in Arkansas has passed in the state’s House of Representatives and Senate. The bill will now move to the governor’s office for approval. According to the bill, the Arkansas Data Centers Act of 2023 intends to regulate the Bitcoin mining industry in the American state, . . . → Read More: Bill protecting Bitcoin mining rights passes in Arkansas Senate and House While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be extremely bullish for Ethereum’s native token, as it will attract more capital to staking and increase the network’s security, according to Ethereum researcher Vivek Raman. The Shanghai upgrade, scheduled for April 12, will . . . → Read More: How will the Shanghai upgrade impact ETH price? Expert explains Ethereum’s Ether (ETH) token dropped by over 7.5% in its Bitcoin (BTC) pair in 2023. But ETH/BTC may wipe its year-to-date (YTD) losses entirely in April as Ethereum’s long-awaited Shanghai hard fork is just days away. The upgrade is set for April 12, enabling Ethereum stakers to withdraw around 1.1 billion ETH in rewards — . . . → Read More: Ethereum Shanghai hard fork: ETH price set for more gains versus Bitcoin in April Bitcoin (BTC) reduced its narrow trading range even further into April 8 as risk assets waited for fresh catalysts. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes for BTC price “impulse” to follow sideways action Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $28,000 on Bitstamp. The pair continued sideways behavior . . . → Read More: Bitcoin traders expect ‘big move’ next as BTC price flatlines at $28K Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin (BTC) demonstrated bullishness, holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength. On the regulatory front, on April 4, the Texas Senate Committee on Business and Commerce agreed to move forward and . . . → Read More: Bitcoin derivatives favor further BTC price rally toward $30K Nonfungible token (NFT) marketplace LooksRare has upgraded to version 2, reducing fees by 75% and implementing several other features, according to an April 6 announcement from the company. ! Rolled out rn:– Fee dropped to 0.5%– Gas 50% cheaper than Blur– One-signature bulk listing– Buy 70+ NFTs at once– . . . → Read More: NFT marketplace LooksRare launches V2, reducing fees from 2% to 0.5% Bitcoin (BTC) has been trading below $29,000 for the past several days. The analyst community remains divided on the near-term prospects of Bitcoin. While some believe that Bitcoin could rise to $30,000, others are of the opinion that a local top has been made. Bloomberg Intelligence senior macro strategist Mike McGlone said that cryptocurrencies, . . . → Read More: Price analysis 4/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC Bitcoin (BTC) could rally toward $50,000 in 2023, according to a historical price fractal highlighted by popular market analyst Mags. Bitcoin price trend in 2015 vs. 2023 The chart fractal highlights the similarities between Bitcoin’s ongoing price trends and those recorded after the completion of the 2013–2015 bear market. That includes Bitcoin’s consolidation . . . → Read More: Historical Bitcoin price fractal hints at rally toward $50K Bitcoin (BTC) showed little interest in moving higher at the April 7 Wall Street open as fresh United States macro data boosted bets on further interest rate hikes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Fed will keep hiking “until something breaks” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it . . . → Read More: Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets The March 13 flash loan attack against Euler Finance resulted in over $195 million in losses. It caused a contagion to spread through multiple decentralized finance (DeFi) protocols, and at least 11 protocols other than Euler suffered losses due to the attack. Over the next 23 days, and to the great relief of many Euler . . . → Read More: Euler Finance attack: How it happened, and what can be learned Got Bitcoin ink? Many Bitcoin believers do. But what are the risks? What about privacy? And what happens if — one fateful day — Bitcoin crashes and burns to zero? Cointelegraph spoke with Bitcoin (BTC) advocates to understand why they have permanently etched a Bitcoin logo, motif, equation or slogan onto their skin. They’ve . . . → Read More: Tattooing Bitcoin: Advocates wear cryptocurrency on their sleeve Hackers were able to gain access to more than $320 million in the first quarter of 2023 alone, according to on-chain data consolidated by blockchain security firm CertiK in its quarterly report. The losses were significantly lower than in 2022’s first and fourth quarters, when hackers took around $1.3 billion and $950 million, respectively. . . . → Read More: Here’s how much was lost to crypto hacks and exploits in Q1 2023 South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the identified illegal assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount directly to Kwon. Although Kwon amassed millions, none of the assets . . . → Read More: Do Kwon converted illicit funds from LUNA to Bitcoin: S.Korean prosecutors The saga of the Mt. Gox cryptocurrency exchange and the repayment of its creditors continues, as the company released a new statement as to what to expect now that its registration window has closed. On April 7, the former exchange released a statement from its rehabilitation trustee Nobuaki Kobayashi saying the deadline for creditors . . . → Read More: Mt. Gox repayment registrations close: Here’s what’s next Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 or $25,000 for Bitcoin? Data from Cointelegraph Markets Pro and TradingView confirmed another day ranging around $28,000 for BTC/USD. The pair had shunned volatility . . . → Read More: $30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet. The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to onboard various participants into the ecosystem. The first stage . . . → Read More: Ethereum ‘re-staking’ protocol EigenLayer launches on testnet Following Bitcoin’s (BTC) stellar start to 2023, SkyBridge Capital founder Anthony Scaramucci believes “we’re through the bear market” and expressed confidence in his firm’s crypto investments. However, “the Mooch” qualified the statement by adding, “That is a guess. We don’t know.” In an April 6 interview with Yahoo Finance, Scaramucci noted that Bitcoin has . . . → Read More: Scaramucci: ‘We’re through the bear market’ as Bitcoin notches up 70% YTD Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has confirmed that 921 Ether (ETH) worth $1.7 million is currently stuck in one of its new smart contracts, GemstoneIDO. However, the firm claims the funds to be “safe” and to have found an “elegant” solution for rescuing the funds, which accumulated during . . . → Read More: zkSync Era’s ‘elegant’ fix for 921 ETH ‘stuck forever’ in smart contract Our weekly roundup of news from East Asia curates the industry’s most important developments. Blowing up a Singaporean crypto hedge fund worth an estimated $10 billion at its peak was, by all means, a life-changing event for its co-founders Kyle Davies and Zhu Su. It appears that the trauma from the incident had been . . . → Read More: Zhu Su’s exchange did $13.64 in volume akshually, Huobi in crisis: Asia Express The Bank for International Settlements (BIS) has released a working paper examining “crypto carry” — the differences between Bitcoin (BTC) and Ether (ETH) spot and futures prices — and its effect on crypto investment markets. The complex paper sheds light on the behavior of crypto investors, particularly smaller investors, in relation to boom . . . → Read More: Smaller investors can have outsized impact on crypto investment markets: BIS study The top two decentralized derivatives platforms, dYdX and GMX, are head-to-head concerning liquidity and trading volumes. The perpetual swap daily trading volume on dYdX ranged between $340 million and $2.6 billion in March, per CoinGecko data. In comparison, GMX did less than $500 million in daily trading volumes. The open interest (OI) volume, which . . . → Read More: GMX and dYdX go head-to-head for the top decentralized derivatives position The pseudonymous Twitter user and blockchain investigator Officer’s Notes believes they may have been a suspect in the $195 million Euler Finance hack. In an April 4 Twitter thread, the security researcher stated, “Seems like I was a suspect in this case, as usual.” The Euler team has denied that Officer’s Notes was a . . . → Read More: Euler team denies on-chain sleuth was a suspect in hack case In this week’s episode of Market Talks, Cointelegraph welcomes Justin Bram, co-founder and CEO of Astaria — which allows users to put up their nonfungible tokens (NFTs) as collateral to earn instant liquidity. Bram also has his own YouTube channel with over 30,000 subscribers. We kick things off by getting Bram’s opinion on . . . → Read More: What will be the outcome of the Ethereum Shanghai upgrade? Bitcoin’s (BTC) 43% rally between March 10 and March 20 surprised options traders and this is proven by the minimal14% of the $1.12 billion open interest set to expire on April 7 being placed at $28,000 and higher. The positive price movement can be partially attributed to an increase in commodity demand, as investors . . . → Read More: $1.12B in Bitcoin options expire this week, and bulls appear to be at a disadvantage Bitcoin (BTC) and crypto may yet see a long-term correction thanks to central banks keeping liquidity tight, Bloomberg warned. In its latest research, Bloomberg Intelligence revealed a cool stance on the ongoing 2023 crypto market rally. Bloomberg: Expecting BTC price to hold “may be illogical” Despite gaining 70% in Q1, Bitcoin is not convincing . . . → Read More: Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s Blockchain exploits can be extremely costly; with poorly designed smart contracts, decentralized apps and bridges are attacked time and time again. For example, the Ronin Network experienced a $625-million breach in March 2022 when a hacker was able to steal private keys to generate fake withdrawals and transferred hundreds of millions out. The Nomad . . . → Read More: Crypto security audits and bug bounties are broken: Here’s how to fix them Lending protocol Sentiment has managed to recover the stolen funds from the recent hack by offering the hacker a bounty worth $95,000. In an on-chain transaction on the Arbitrum blockchain, Sentiment sent a message to the hacker offering $95,000 if the hacker returned the funds by April 6, urging the hacker to “do the . . . → Read More: Sentiment recovers $870K after negotiations with hacker The largest economy in Africa has a foreign investment problem despite exponential growth in crypto adoption. The National Bureau of Statistics (NBS) reported on Tuesday that foreign direct investment (FDI) in Nigeria, the largest economy in Africa, dropped by 33% last year due to a severe shortage of dollars. The shortage has also discouraged . . . → Read More: Nigerian crypto foreign investment is at a record low: Study Bitcoin (BTC) saw another failure to exit a tight trading range into April 6 as $28,000 again hung in the balance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis sees traders “compressing” BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading below the the $28,000 mark at the time of writing. . . . → Read More: Bitcoin barely holds $28K as bulls see new rejection at key resistance The Australian Securities and Investments Commission (ASIC) has canceled the license of Binance Australia Derivatives after a targeted review of Binance’s operations in the country. “ASIC has today canceled the Australian financial services license held by Oztures Trading Pty Ltd trading as Binance Australia Derivatives,” the securities regulator stated in the official announcement . . . → Read More: Binance Australia Derivatives license canceled by securities regulator With one week to go until the Ethereum (ETH) Shanghai and Capella upgrades on April 12, all eyes are on Ether. The second largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a 7-month high of $1,922 on April 5. Ether price has momentum and here are three . . . → Read More: Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrade Bitcoin (BTC) remains pinned below the psychologically crucial level of $30,000 as cryptocurrency investors search for positive triggers. That has not stopped business intelligence firm MicroStrategy from adding 1,045 Bitcoin to its kitty, which has now swelled to 140,000 Bitcoin. Even after the sharp recovery from November 2022 low, monitoring resource Material Indicators believes . . . → Read More: Price analysis 4/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC Ether’s (ETH) price had been battling the $1,850 resistance level, but it broke through on April 4 when Ether rallied to a seven-month high above $1,900. Recently there has been a lot of speculation on Ether price catalysts. Let’s see if it’s possible to identify any fundamental factors behind the price movement. The upcoming . . . → Read More: 3 key Ethereum price metrics cast doubt on the strength of ETH’s recent rally Bitcoin (BTC) is still on track to hit $180,000 in its next halving cycle, a longtime market participant said. In a new analysis published on March 3, Filbfilb, co-founder of trading suite DecenTrader, doubled down on his bullish BTC price outlook for the years ahead. Filbfilb keeps faith in Bitcoin halving cycles With BTC/USD approaching . . . → Read More: Latest Bitcoin price data suggests double top above $200K in 2025 As a Millennial who remembers the world before digital devices and the internet were everywhere, Sarah Zucker — aka The Sarah Show — is fascinated by the accelerated transition society at large is going through. “I feel as a Millennial that I’m part of this generational cohort that’s in this very unusual experience of . . . → Read More: The Sarah Show’s analog childhood meets dizzying digital future: NFT Creator, Sarah Zucker MicroStrategy, an American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (BTC) for approximately $29.3 million at an average price of $28,016 per BTC. This news was announced in a tweet by MicroStrategy executive chairman Michael Saylor on April 5. MicroStrategy has acquired an additional . . . → Read More: MicroStrategy adds another 1,045 Bitcoin to its growing crypto treasury On April 4, the U.S. Dollar Index (DXY), which measures the greenback’s performance versus a basket of six leading foreign currencies, dropped by 0.5% after demand for workers in the world’s largest economy declined. BTC’s price eyes breakout with dollar at two-month lows Bitcoin (BTC) has since grown 3.5% to around $28,800, continuing its . . . → Read More: Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances Reading blockchain books can be an effective way to understand blockchain technology comprehensively. These books can provide insights into the history and principles of blockchain, and how it works in practice. By reading these books, you can gain a deeper appreciation of the potential of blockchain technology and its various use cases across . . . → Read More: Top 5 books to learn about blockchain Bitcoin (BTC) headed back toward $29,000 into April 5 as data showed whale orders guiding price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis: BTC price push still “bear market rally” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit $28,780 on Bitstamp. The pair continued a rebound from one-week . . . → Read More: Bitcoin whales push ‘choreographed’ BTC price as Ether nears $2K Ether (ETH) has breached $1,900 for the first time in over seven months, a week before staking withdrawals are enabled in the next major update for the second-largest cryptocurrency by market capitalization. CoinMarketCap data shows the last time Ether was over $1,900 was on Aug. 16, 2022, amid a broader crypto sell-off when the . . . → Read More: ETH hits 7-month high ahead of Shanghai and Capella upgrades Masa Finance’s soulbound tokens will soon be available on Coinbase’s Base network, according to an April 4 announcement from Masa Finance. The new tokens will allow users to link identifying and reputational characteristics to their wallet addresses, making credit underwriting possible on the blockchain, the company said. @getmasafi to Launch Soulbound . . . → Read More: Masa announces soulbound ID tokens for Coinbase’s Base Network The total amount of funds bridged to zkSync reached $115 million within 10 days of the public mainnet launch as users rush to farm the airdrop of the Ethereum rollup’s expected native token, per L2BEAT data. The zkSync era mainnet was launched one day after the March 24 Arbitrum airdrop. The median airdrop for . . . → Read More: Deposits to zkSync surpass $110M as its DeFi ecosystem explodes Bitcoin (BTC) might have shown strength after successfully defending the $28,000 support amid unfounded rumors regarding Binance, but an interesting development to note is BTC is becoming less correlated to traditional markets after the U.S. Federal Reserve elected to provide emergency liquidity to banks. This change in attitude from the central bank has caused . . . → Read More: Fed liquidity injections drive down US Treasury yields, but not Bitcoin price Cross-chain messaging protocol developer LayerZero Labs has raised another $120 million, according to an Apr. 4 announcement. The company plans to use the capital to increase its headcount and expand its reach into the Asia-Pacific region. The company had previously raised $135 million in March 2022. pic.twitter.com/mhJgoovYis — LayerZero Labs (@LayerZero_Labs) . . . → Read More: LayerZero raises $120M to expand cross-chain messaging efforts Arbitrum suffered a big blow during the April 1–2 weekend due to a conflict between ARB tokenholders and the Arbitrum Foundation on the allocation of 750 million ARB tokens worth around $900 million. On-chain analyst firm Arkham Intelligence shared a report with Cointelegraph mapping the transfer of $50.5 million out of the disputed allocation . . . → Read More: Arbitrum FUD spooks the market, but on-chain data shows whales accumulating ARB The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (BTC), according to Swan Bitcoin CEO Cory Klippsten. In an interview with Cointelegraph, Klippsten pointed out that far more people today know about Bitcoin as a tool to opt out of the traditional financial system than during the . . . → Read More: Banking crisis could spark the first ‘extended duration Bitcoin bull market,’ says Swan Bitcoin CEO Dakar, the capital of the West African nation of Senegal, now boasts an annual Pan-African Bitcoin conference, over 10 merchants accepting Bitcoin, a local peer-to-peer BTC exchange and a budding Bitcoin community. What’s more, the speed at which Bitcoin’s progress is unwinding is staggering. The city hosted the DakarBTC Days conference just 10 months . . . → Read More: Bitcoin in Senegal: Why is this African country using BTC? BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from blockchain security firm Immunefi. The report, titled “Crypto Losses in Q1 2023,” investigated a variety of crypto . . . → Read More: 73.3% of Q1 rug pulls happened on BNB Chain: Immunefi Bitcoin (BTC) hit new month-to-date lows overnight into April 4 as fresh rumors over the biggest exchange, Binance, spooked fragile markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price returns to $28,000 after weekly lo Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $27,240 on Bitstamp. Its lowest since March . . . → Read More: Bitcoin price bounces after CZ arrest rumors as traders eye $30K next The Ethereum KZG ceremony, which aims to provide a cryptographic foundation for Ethereum scaling, has already had over 83,000 contributions of randomness from users all over the world. Now it’s receiving a contributor from outer space. Cryptosat, a blockchain-powered satellite orbiting Earth, announced its contribution of entropy from space on April 4 at . . . → Read More: Satellite orbiting Earth participates in the Ethereum KZG ceremony Bitcoin (BTC) is “untouchable” despite ongoing regulatory pressures in the crypto sector, and those who don’t have some crypto exposure are “seriously silly” according to Bloomberg senior commodity strategist Mike McGlone. During an April 3 stream with crypto podcaster Scott Melker, McGlone argued that unlike other cryptocurrencies such as Ether (ETH), Bitcoin couldn’t be . . . → Read More: Bitcoin ‘untouchable’ amid regulatory pressures, says analyst Ethereum mainnet archive node service ArchiveNode.io says it will be shutting down, claiming that the project has been a success. On April 4, ArchiveNode.io announced it was “sunsetting” its services after more than three years of providing free Ethereum mainnet archive node services to developers, students and researchers. An Ethereum Archive Node is . . . → Read More: Ethereum Archive Node service shuts down, saying it ‘succeeded’ A new decentralized layer has been added on top of Ethereum to make smart accounts possible with the introduction of ERC-4337 and account abstraction — but infrastructure providers suggest it may be tricky to participate profitably right now. ERC-4337, commonly called “smart accounts” or “account abstraction,” was deployed on the Ethereum mainnet on March . . . → Read More: Ethereum ERC-4337 ‘bundlers’ — How hard is joining the network? INX has launched its first securities token issued by a public company, according to an Apr. 3 announcement from the tokenization platform. Public company shares on the blockchain?Witness the future in action!Proud to team up with @Greenbriarcorp to tokenize its GEBRF traditional shares in an industry-first!https://t.co/sS4p5MIwa3 — INX (@INX_Group) April 3, 2023 . . . → Read More: INX security token platform gets its first token from a public company, Greenbriar Bitcoin’s (BTC) price initially dipped, but then recovered on April 3. The volatility happened after several OPEC+ members announced plans to cut oil production totaling 1.65 million barrels per day until the end of the year. Some analysts expect this move to tighten supply, resulting in higher prices at the pump. That may in . . . → Read More: Price analysis 4/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL The United States Federal Reserve began its most aggressive quantitative tightening efforts in March 2022, raising benchmark interest rates in the year since from near-zero to 4.75% to 5% annually. While the central bank has successfully brought down inflation to some degree, the increasing interest rates are starting to cause cracks in the global . . . → Read More: Potential Fed pivot has crypto and macro analysts ultra-bullish on Bitcoin’s price prospects Bitcoin (BTC) stayed tightly rangebound at the April 3 Wall Street open as analysts counted down to volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Watch for rugs” on BTC Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $28,000 on Bitstamp. The weekend had finished on an erratic note as . . . → Read More: Bitcoin breakout ‘matter of time’ says analysis with BTC price at $28K Multichain decentralized application (DApp) protocol Astar Network will launch the second iteration of its smart contracts that support both Ethereum Virtual Machine (EVM) WebAssembly Virtual Machine (WASM VM) on its mainnet on April 6. In an announcement sent to Cointelegraph, Astar Network founder Sota Watanabe explained that the new update would allow the . . . → Read More: Astar Network to launch smart contracts that support two virtual machines Maximal Extractable Value (MEV) bots who were trying to perform “sandwich trades” got outsmarted by a rogue validator, leading to a loss of $25 million worth of digital assets. In a tweet, blockchain security firm CertiK highlighted that bots trying to execute sandwich transactions — spotting when traders are trying to purchase tokens . . . → Read More: Sandwich trading bots lose bread and butter in $25M exploit Bitcoin (BTC) starts a new week in volatile territory, with news of an oil supply cut delivering a choppy start. Still caught at major historical resistance, BTC/USD delivered an unappetizing weekly close on news of oil production cuts. A subsequent rebound may show bulls’ mettle, but the question for analysts is what happens next. . . . → Read More: BTC price double top forming? 5 things to know in Bitcoin this week Bitcoin (BTC) market liquidity has dropped to a 10-month low, despite a bullish quarter in terms of price gain. The liquidity dry-up is partly attributed to the bank run in the United States and the ongoing regulatory actions against crypto companies. The liquidity situation in crypto is worsening after the banking fears . . . → Read More: Bitcoin liquidity drops to 10-month low amid US bank run Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain. Buterin explained in a March 31 post that it’s possible to integrate a zk-EVM on the base layer without compromising on decentralization and security. The technology . . . → Read More: Buterin weighs in on zk-EVMs’ impact on decentralization and security Ethereum’s native token, Ether (ETH), eyes a run-up toward $3,000 in Q2 2023 after wrapping the previous quarter with 55% gains. ETH price nears potential breakout The price of Ether has more that doubled after bottoming out in June 2022 at around $880, weathering a slew of negative events, including the FTX exchange collapse, . . . → Read More: 3 reasons why Ethereum price can reach $3K in Q2 Bitcoin (BTC) is on the road to a new bull market and should deliver serious returns in the process, fresh analysis reveals In a tweet on April 2, Charles Edwards, founder of Bitcoin and digital asset hedge fund Capriole Investments, flagged a “familiar” bull signal on the SLRV Ribbons metric. Edwards: SLRV beginning “new . . . → Read More: Bitcoin copying ‘familiar’ price trend in 2023, two more metrics show Bitcoin (BTC) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView BTC price analyst: “Massive” liquidations due at $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stable over the weekend after closing out March at near $28,500. . . . → Read More: BTC price targets fix on $35K as Bitcoin eyes ‘massive’ liquidity squeeze Top Stories This Week FTX EU launches withdrawal website to pay back European users The European arm of FTX has launched a website to allow customers in Europe to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. Meanwhile, in the United States, . . . → Read More: FTX EU opens withdrawal, Elon Musk calls for AI halt, and Binance news: Hodler’s Digest, March 26–April 1 Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows protocol documentation. The expiration was a much-anticipated event within the decentralized finance (DeFi) ecosystem, enabling developers to deploy their own decentralized exchange (DEX). The BSL license lasts for a limited period before becoming completely open source. . . . → Read More: Uniswap v3 code free to fork as BSL expires Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727. In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of . . . → Read More: More than 3,600 Bitcoin ATMs went offline to record largest monthly decline El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, has decided to eliminate all taxes on technology innovations. The move runs parallel to establishing the National Bitcoin Office (ONBTC) of El Salvador, also known as “the Bitcoin office.“ When legalizing Bitcoin on Sept. 7, 2021, Salvadoran President Nayib Bukele saw . . . → Read More: El Salvador removes all taxes related to tech innovation for economic growth Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, lower than the 0.5% increase in January. Economists had projected a rise of 0.4%, and the PCE data suggests that inflation is gradually decreasing. Risky assets rallied in response to the data, and some analysts expect the Federal Reserve . . . → Read More: Price analysis 3/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC Since May 2022, the Bitcoin (BTC) margin markets on the Bitfinex exchange have been plagued by an unusually high open interest of over $2.7 billion. This information alone should raise a red flag, especially considering Bitcoin’s price decline from $39,000 to less than $25,000 during the same period. Traders seeking to leverage their cryptocurrency . . . → Read More: Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price? The Formula 1 car for the Williams Racing team will feature an excerpt from the Bitcoin white paper as a result of a sponsorship deal with United States-based crypto exchange Kraken. In a March 31 tweet, Kraken showed its sea monster-shaped logo containing text from the opening of the 2008 document released by . . . → Read More: Bitcoin white paper makes its F1 racing debut on Kraken-sponsored car An active-duty United States Space Force astronautical engineer is proposing to the Pentagon a cybersecurity tool capable of transforming the country’s national security and even the base-layer architecture of the internet: Bitcoin (BTC). In an academic thesis, Major Jason Lowery, who is also a National Defense Fellow at Massachusetts Institute of Technology (MIT), . . . → Read More: MIT Space Force major proposes Bitcoin mining as cybersecurity tool The show Macro Markets, hosted by crypto analyst Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity. In today’s episode, Pechman discusses the . . . → Read More: Is a housing crisis underway? Why crypto investors should care Bitcoin’s dominance over the crypto market, which represents its share of market capitalization relative to the total cryptocurrency market capitalization, rose steeply from around 44% to highs of 48% in March. While Bitcoin’s price increased by 22.7% during the month, most altcoins yielded subpar or negative returns. However, there were some outliers which showed . . . → Read More: XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March Bitcoin (BTC) recovered recent losses at the March 31 Wall Street open as traders looked for a strong monthly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE delights risk assets as with BTC price up $1,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $28,556 on Bitstamp after the opening bell, . . . → Read More: Bitcoin price hits $28.5K on PCE data as macro ‘accumulation zone’ ends Bitcoin (BTC) is back below $28,000 as the countdown to the monthly close keeps everyone on their toes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week trend line among popular BTC price targets Data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping to two-day lows of $27,533 on March 31. A modest bounce . . . → Read More: BTC price to $22K? Watch these key levels into Bitcoin monthly close Our weekly roundup of news from East Asia curates the industry’s most important developments. Binance’s secret U.S. users On Mar. 27, the U.S. Commodity Futures Trading Commission (CFTC) charged Binance and its founder Changpeng Zhao with alleged willful evasion of federal law and operating an illegal digital assets exchange. In the 74 page complaint, . . . → Read More: US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express The Ethereum Foundation has announced April 12 as the date of deployment of the much-anticipated Shanghai and Capella upgrade, together dubbed as Shapella. The upgrades will enable withdrawals from Ethereum 2.0 staking contracts. The staking contract was first launched in December 2020. It only accepted one-way deposits of ETH, which will change after the . . . → Read More: Analysts debate the ETH price outcomes of Ethereum’s upcoming Shapella upgrade In this week’s episode of Market Talks, Cointelegraph welcomes Brent Xu, founder and CEO of Umee — a decentralized finance hub built on the Cosmos SDK that offers tools for macro-level borrowing and lending applications. Before founding Umee, Xu led strategy at Tendermint while setting the strategic roadmap and partnerships for the Cosmos Ecosystem. We . . . → Read More: Bitcoin touches $29K! Why BTC is unaffected by regulatory pressure Regulation continues to be the primary concern for Bitcoin bulls, especially after the Commodity Futures Trading Commission (CFTC) sued Binance for trading and derivatives law violations. The regulator wants Binance to repay the trading profits, revenues, salaries, commissions, loans and fees it received from US citizens, as well as paying civil penalties for the . . . → Read More: 3 reasons why Bitcoin bulls are well positioned to profit from this week’s $4.2B options expiry Gnosis, the team behind Gnosis Safe multi-sig and Gnosis Chain, has launched a hash oracle aggregator for blockchain bridges, according to an announcement from the company. In a conversation with Cointelegraph, Gnosis CEO Martin Köppelmann stated that the new aggregator should make bridges more secure by requiring more than one bridge to validate . . . → Read More: Gnosis launches Hashi bridge aggregator to help prevent hacks The United States Federal Reserve has been “too heavy-handed” in taming inflation, said pro-Bitcoin (BTC) Tesla and Twitter CEO Elon Musk. In a Twitter debate on March 29, Musk directly criticized U.S. macroeconomic policy, including “excess government spending.” Musk: Fed policy is a “serious issue” Bitcoin and crypto markets remain extremely sensitive to Fed . . . → Read More: Elon Musk slams ‘heavy-handed’ Fed as ex-BitMEX CEO sees $1M BTC price The Justices of the Supreme Court of Denmark have handed down two judgements on whether the sale of Bitcoin (BTC) under certain circumstances qualifies as a taxable event. In a March 30 notice, Denmark’s Supreme Court said a party who gained profits from selling Bitcoin acquired through several purchases and donations was required to report . . . → Read More: Bitcoin profits are taxable in certain cases, says Denmark’s supreme court In Cointelegraph Markets Pro’s latest VORTECS™ Report, the institutional-grade crypto trading platform displayed how its members could have captured a cumulative 390% gain by following seven trades based on four different advanced data indicators. The report depicts trading alerts generated between March 11 – 18, 2023. The potential gains available to Cointelegraph Markets Pro . . . → Read More: Cointelegraph Markets Pro’s 390% gain dwarves Bitcoin’s 33% rise In episode 13 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw sits down with Metis co-founder Elena Sinelnikova. Metis is an Optimistic Rollup built on Ethereum to explore the world of layer-2 blockchain technology, and its potential impact on decentralization, scalability and real-world applications. Sinelnikova shares her unique insights and experiences in the rapidly . . . → Read More: Layer-2 project exec zooms in on the capabilities of Ethereum scaling solutions Bitcoin (BTC) set new nine-month highs overnight on March 30 as traders continued to stay cautious. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Deviation” takes BTC’s price closer to $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $29,170 on Bitstamp. A rejection entered almost immediately, sending the pair back to . . . → Read More: Bitcoin spikes above $29K as ‘fakeout’ fuels BTC price strength doubts Data collected by the crypto charity platform The Giving Block shows that cryptocurrency donations are set to exceed $10 billion in the next decade. According to The Giving Block’s 2023 annual report titled “Crypto Philanthropy Data, Trends & Predictions,” all-time crypto donations in the platform surpassed $125 million in 2022. Based on the data . . . → Read More: Crypto donations to surpass $10B in a decade: The Giving Block “The signal goes on, and he shows up. That’s the way it’s been. That’s the way it will be.” Whenever Gotham faces an existential threat, the Bat-Signal lights up the night sky. In the DC Comics universe, Batman always shows up to save the day when he’s called upon. Bitcoiners in Germany employed a . . . → Read More: From Bat-Signal to Bitcoin: Projecting ‘Orange Pill’ on banks as EU drives crypto regulation Shrapnel: The game at GDC everyone’s talking about As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk of the conference thanks to its stunning graphics . . . → Read More: Web3 Gamer: Shrapnel wows at GDC, Undead Blocks hot take, Second Trip The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth. Arbitrum ecosystem tokens sees sell-the-news type . . . → Read More: Arbitrum airdrop-related selling subsides, but DApp use sustains while smart money accumulates ARB |
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