The penultimate week of April 2024 witnessed a worrying signal when the two leading Bitcoin spot ETFs, BlackRock's IBIT and Fidelity's FBTC, had their buying momentum cut off, even recording the first day of outflow since then. when approved. Although the market has not reacted too strongly to this development, investors are worried that this could be a signal of insecurity for a turbulent May to come.
Let's review all the crypto movements of the week with Coin68 to make sure you don't miss any important news!
Volatility in top cryptocurrencies compared to 7 days ago. Coin360 screenshot at 08:40 AM on April 28, 2024
📌 Coin68 Originals - Must-read article
- Outstanding on-chain event last week (April 22 - April 28): What's different about the 4th Bitcoin Halving? BTC ETF cash flows of many funds stand still
- Perspective: Binance's changes under CEO Richard Teng
📺 Coin68 TV
- DeFi Discussion ep.144: Finding opportunities among countless types of points
- Analysis:Ethena - Stablecoin with huge profits comes what risks?
- Hunting for Airdrop: Airdrop Intella
- Project review: Detailed review of Nami Exchange trading floor - User's guide for newbies
📄 News
Focus 🔥
- The US Department of Justice wants to double Changpeng Zhao's prison sentence, 161 petitions to reduce the sentence
- BlackRock's Bitcoin ETF broke the inflow chain for 71 consecutive days , Fidelity's ETF suffered an outflow for the first time
- ConsenSys sued the SEC, rejecting the argument that Ethereum is a security
- Reuters : There is a high possibility that the SEC will reject Etherreum spot ETF proposals
- Hong Kong 's Bitcoin and Ether Spot ETF will officially trade on April 30
- Vitalik Buterin "calms down" the debate comparing "centralization between PoW and PoS"
Big Cap 💎
- The "Buy Bitcoin" sign that caused a storm in 2017 was sold for 1 million USD
- Runes Protocol causes fever: Miners collect transaction fees ,BTC Token increase sharply , overwhelming number of transactions
- Worldcoin increased Token supply by 19% - WLD price turned around
- BlackRock denies relationship with Hedera Hashgraph , HBAR price goes on a roller coaster
- Galxe proposes to change the Token from GAL to G
- The next two Airdrop are enough to pay for the Solana Chapter 2 smartphone
- Stacks (STX) begins implementing the "Nakamoto" overhaul upgrade
- SAFE Token trades at a valuation of 2.8 billion USD after being unlocked
- Ankr launches public testnet Neura, a Layer-1 blockchain specializing in AI
- io.net cooperates with Aethir , Airdrop 100 million USD IO and ATH Token to the community
- Two projects Kamino and NFTfi simultaneously Airdrop on April 30
- The "turbulent" information announcement of Renzo (REZ) , the new launchpool from Binance, the project must change tokenomics
- Capital raising: Aligned Layer (20 million USD), Movement (38 million USD)
DeFi and Layer 2 🦄
- Optimism patched the testnet after a warning from Arbitrum
- Celo decided to use OP Stack to build Layer-2
- TVL of layer-2 Zircuit exceeded 2 billion USD after only 2 months of launch
- Added 5 major blockchains integrated with Avail to improve Data Availability
- Shiba Inu calls for 12 million USD to build Layer-3 blockchain
- ether.fi integrates Distributed Validator Technology from ssv.network
Non-Fungible Token, GameFi and Metaverse 🖼 🎮🌐
- Magic Eden supports trading Runes Token on Bitcoin
- Immutable launches "The Main Quest" with a prize fund of 50 million USD
Large organizations 💰
- Binance is about to launch the copy trade spot feature
- FTX opens the sale of the next batch of locked SOL Token in the form of auction
- Pantera Capital is raising 1 billion USD to establish a new crypto investment fund
- Some Mt.Gox creditors were paid after 10 years of waiting
- Arkham : Millions of USD Token are being "forgotten" on bridge contracts
- Stripe restores crypto payments after 6 years
- Yuga Labs cuts staff and restructures the company's apparatus
Legal and Reception ⚖️
- The US shut down Samourai Wallet and arrested its founder for money laundering
- How does the EU anti-money laundering law affect the crypto industry?
- The FBI warns Americans against using unregistered crypto services
- Indonesian President warns about money laundering through crypto and Non-Fungible Token
- Tether announces asset freeze if Venezuela uses USDT to circumvent sanctions
- SEC wants Terraform Labs and Do Kwon to pay $5.3 billion in compensation
Coin68 compiled
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