The cryptocurrency market witnessed a bearish downturn, with Bitcoin (BTC) dropping below $62,000 and Ethereum (ETH) extending below $3,000. While major altcoins like Solana (SOL) also plunged, XRP and Cardano (ADA) defied the trend with slight gains.
A massive $1.3 billion USD Coin (USDC) transfer from whale addresses to the Coinbase cryptocurrency exchange is being viewed by analysts as a potential “giant buy signal” for Bitcoin and Ethereum, sparking speculation of significant capital deployment into these leading cryptocurrencies.
Binance, the world’s largest cryptocurrency exchange, will list Renzo (EZ), the native token of the liquid staking protocol Renzo, as its 53rd Launchpool project on April 30, providing users with an opportunity to secure an allocation of the token.
Hong Kong is set to introduce spot Bitcoin and Ethereum exchange-traded funds (ETFs) by the end of April, as the region aims to establish itself as a regulated hub for the virtual asset industry and reclaim its reputation as a modern financial powerhouse.
Victory Securities, a Hong Kong-based investment firm, has revealed its proposed fees for upcoming Bitcoin and Ethereum ETFs, even before the official list of approved issuers is published by the Hong Kong Securities and Futures Commission.
The crypto market has shaken off concerns of escalations between Iran and Israel, with Bitcoin (BTC) trading above $65,000 and Ether (ETH) back above $3100. Traders are also anticipating the launch of Bitcoin and Ether ETFs in Hong Kong, which could unlock up to $25 billion in demand.
Vitalik Buterin proposes ‘degen communism,’ a concept that combines the adventurous spirit of ‘degen’ culture with a structured approach to ensure market volatility doesn’t disproportionately harm smaller users. He suggests prioritizing smaller stakeholders during hacks or project collapses before compensating larger investors, promoting a more equitable system.
Consensys, the Ethereum infrastructure firm, has submitted a comment letter to the SEC defending Ethereum’s proof-of-stake (PoS) security and urging the approval of spot Ether exchange-traded funds (ETFs).
The Ethereum network has hit a significant milestone by reaching 1 million validators, with 26% of its total supply staked, highlighting the strong commitment to its proof-of-stake (PoS) consensus mechanism. However, this surge has prompted concerns from the community about potential issues related to decentralization and network congestion.
A group of Republican lawmakers has formally requested the SEC Chair Gary Gensler to provide clear guidance on the regulatory stance regarding the custody of Ethereum (ETH) by Special Purpose Broker-Dealers (SPBD).
