💰 Bitcoin ETF battle heats up as BlackRock closes in on Grayscale

It has been three months since spot bitcoin ETFs began trading and BlackRock's fund appears to be on pace to usurp Grayscale's as the biggest of the crypto-based investment vehicles on offer. According to Trackinsight data compiled by The Block Data Dashboard, as of Tuesday, BlackRock's IBIT fund had $18.2 billion in assets under management compared to Grayscale's $23.2 billion.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

🪙 43 Bitcoin Projects Secure Key Funding in 2024 Attracting Over $127 Million

A fresh wave of capital is finding its way into the crypto world, with a laser focus on Bitcoin. On April 10, the crypto analytics team from Coin98 Analytics unveiled an infographic illustrating that 43 projects dedicated to the Bitcoin ecosystem have successfully attracted funding from prominent investors. The data was sourced from crypto-fundraising.info, an online portal that highlights fundraising activities in the crypto space.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain

On Friday, Cleanspark (Nasdaq: CLSK) disclosed that its operations have surpassed a total hashrate of 17 exahash per second (EH/s). Back in January 2024, the company announced the acquisition of 60,000 application-specific integrated circuit (ASIC) bitcoin mining rigs and mentioned its right to purchase an additional 100,000 S21 Antminers at a set price of $16 per terahash. This was prior to the release of the Antminer S21 Pro, known for its enhanced efficiency of 15 J/T.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Solana deploys congestion fix on devnet

Solana developers have released a new version of the validator client software to address persistent congestion issues and are urging validators to upgrade immediately. Validator clients, essential in proof-of-stake blockchains like Solana, verify transactions to ensure compliance with network rules and confirm the sender’s fund sufficiency before appending new blocks to the blockchain. Anza, a spinoff of Solana Labs, spearheaded the development with the release of version 1.18.11 aimed at mitigating network congestion.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 50% of Solana’s Recent Token Launches Revealed as Malicious Scams: Report

Despite network outages, Solana has witnessed a flurry of projects launched on top of its blockchain. Such a trend typically depicts a growing demand. But the latest report paints a different picture. In a report shared with CryptoPotato, blockchain security company Blockaid revealed that 50% of recent pre-sale token launches on Solana have been malicious. The strategies employed by fraudsters within the popular Layer 1 ecosystem closely resemble those observed in other cryptocurrency platforms.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Bitcoin is the only way out of feudalism

The US has undergone an immense consolidation of wealth and power in recent years. Americans everywhere are suffering while modern-day robber barons get fat off a 21st-century Gilded Age or roaring Twenties. Unlike the Gilded Age and 1920s, however, the 2020s offer a reprieve. Bitcoin serves as a timely solution for individuals and families to ensure they enjoy their piece of the American Dream.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

🪙 Uniswap volumes approach $3 billion despite Wells Notice

April is proving to be a month to remember for Uniswap. For starters, the decentralized exchange powerhouse crossed $2 trillion in total trading volume on April 5, solidifying its status as a major DEX player as competition heats up across networks, particularly on Solana, where Uniswap does not have a presence. On a more sour note, the platform got served a Wells notice from the Securities and Exchange Commission on April 10, with many thinking this signaled the start of a war on DeFi.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Bitcoin’s weekend dip shakes out short-term holders

Bitcoin market experienced a tumultuous dip, with prices plunging from $70,090 to $64,400 before settling around $66,000. Market watchers are keenly observing the behaviors of short-term and long-term Bitcoin holders—their reactions often providing clues about future trends. Short-term holders appear rattled, hastily selling off their Bitcoin at a loss as indicated by a sharp drop in their SOPR metric. On the flip side, long-term holders continued to display resilience amid downturns.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Miners Race to Discover Block 840,000 as Bitcoin Halving Nears

Many enthusiasts in the Bitcoin community were anticipating the next halving to coincide with Saturday, April 20, 2024, but the latest data suggest it will likely occur a day earlier, on April 19. Despite a recent uptick in mining difficulty, miners have managed to maintain a high hashrate, resulting in block times dropping below the average ten-minute mark.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Bitcoin dips below $60,000 in wake of Powell's comments, even as halving draws near

The world's largest cryptocurrency by market capitalization dropped below the $60,000 threshold even as the bitcoin mining halving looms closer. Bitcoin hit $59,889 around 12:00 p.m. ET on April 17, according to The Block's Price page for bitcoin. The token rebounded to just over $60,300 at 1:05 p.m. ET on the same day, experiencing a decrease of $2,423, or 3.9%, in the past 24 hours.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Google Searches for Bitcoin Halving Skyrockets as Major Event Approaches

The excitement surrounding the upcoming Bitcoin halving has led to a significant increase in Google searches for “Bitcoin halving,” with interest reaching its highest point ever, more than double that of the last halving event in 2020, and is predicted to hit peak popularity. The halving event, which reduces the rewards miners receive by half, from 6.25 BTC to 3.125 BTC, is scheduled to occur around 4am UTC on April 20.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 JP Morgan CEO calls Bitcoin ‘Ponzi Scheme’ despite serving as Authorized Participant for BlackRock ETF

JPMorgan Chase CEO Jamie Dimon reiterated his strong skepticism toward Bitcoin on April 18, calling it a “fraud” and a “Ponzi scheme” despite the lender’s involvement in BlackRock’s spot BTC exchange-traded fund (ETF). Dimon, who has a history of critiquing the digital currency, made the latest comments during an interview on Bloomberg TV, where he expressed doubts about Bitcoin’s utility and legitimacy as a form of money.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 FTX empties FTT treasury wallet, transferring assets worth over $250 million

The bankrupt FTX exchange emptied its FTT treasury account to a new wallet address on April 18. Arkham Intelligence’s dashboard showed that the transferred assets from the FTT Treasury wallet include 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million JOE tokens worth $3.25 million. FTT, the native token of a now-defunct FTX crypto exchange, once gave customers discounts and privileges during the firm’s heyday.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Bitcoin network completes the fourth-ever ‘halving’.

The Bitcoin network completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25.

https://hottg.com/Crypto_Bitcoin_Blockchain

💰 Bitwise CIO believes market has not priced in future demand for Bitcoin post-halving

Bitwise CIO Matt Hougan cast doubt on whether current prices truly capture the potential impact of increased demand following Bitcoin’s upcoming halving based on the Efficient Markets Hypothesis (EMH). Hougan raised critical questions about the limitations of EMH in anticipating what the market will be like post-halving. He pointed out that while EMH suggests that Bitcoin’s current price reflects all available information, including the anticipated supply cut from the halving — it does not account for unexpected shifts in market demand.

Source

https://hottg.com/Crypto_Bitcoin_Blockchain