⬜️ dYdX community votes to stake $60 million from treasury to boost security

The community of decentralized derivatives exchange dYdX has voted to stake 20 million dYdX Chain tokens, worth about $60 million at current prices, with Cosmos staking provider Stride in order to boost the economic security of the network and encourage stake diversity among its community. In a vote with 81% participation, the measure passed with 91% support, though some dissenters on the original proposal noted that the proposal's passage could lead to a reduction in dYdX's APY, making the token less attractive to new investors.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🏦 Coinbase Bitcoin holdings plummet by 85,000 BTC in 30 days, second biggest on record

Glassnode data reveals a substantial decrease in Bitcoin (BTC) holdings on the Coinbase exchange. Over the last 30 days, a notable 85,000 BTC have been withdrawn from the platform, marking the second-largest net outflow on record for a 30-day period. This mirrors a similar occurrence in March 2021, when 86,000 BTC left Coinbase. Coinbase possessed approximately 1 million BTC, but by July 2021, this figure had dwindled to just 730,000 BTC – a reduction of 270,000 BTC amidst the price surge from $10,000 to $60,000.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

❄️ Toncoin (TON) Hits ATH Flipping Cardano for Top Ten Spot

Toncoin hit an all-time high of $6.50 on April 9, following a monumental 20% gain on the day, outperforming every other crypto asset in the top 50. The big move has enabled it to flip Cardano (ADA) and take the tenth spot with a market cap of $22.4 billion. Cardano, which is still languishing more than 80% down from its 2021 peak, has been dumped out of the top ten despite a 4% daily gain to top $0.61. Moreover, the social messaging platform Telegram-native asset has made more than 150% since the beginning of March, according to CoinGecko.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🇯🇵 Japanese Firm Metaplanet to Add $659M in 💰 Bitcoin to Its Treasury, Shares Soar 90% in Response

On April 8, Metaplanet (TSE: 3350), a firm based in Japan, disclosed its strategy to bolster its treasury with 1 billion yen ($659M) in bitcoin (BTC). The decision has garnered backing from a slew of partners and investors, including Sora Ventures, UTXO Management, and Morgan Creek Capital’s Mark Yusko, among others. “This strategic pivot is not just about embracing digital assets but also about pioneering a future where finance meets innovation at its core,” Metaplanet said on X.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Next Bitcoin Halving to Propel Prices to Between $150,000 and $169,000, Says Bitfinex

Bitfinex’s Alpha report delves into Bitcoin’s past halving events since the first one in 2012, employing a regression model to forecast the potential impact of the upcoming halving. Despite acknowledging the simplicity of their model, researchers argue for a significant upswing in bitcoin’s value, projecting it to hit between $150,000 and $169,000. This optimistic outlook is tempered by the recognition of unprecedented market dynamics, such as pre-halving all-time highs and increased selling pressure from both long-term and short-term BTC holders.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin miner manufacturer Auradine raises $80 million Series B ahead of halving

Auradine, a web infrastructure startup that also manufactures Bitcoin miners, has raised $80 million in a Series B funding round. Several investors, including StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund and Marathon Digital, joined the "oversubscribed" round, Auradine said Wednesday. Auradine began raising Series B earlier this year and closed it last week, he said.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 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. Grayscale's ETF started with nearly $30 billion in AUM as the firm's exchange-traded fund is a conversion of its flagship fund.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Fidelity’s FBTC Gains Ground, Absorbing Over 1,000 BTC Amid Wednesday’s $123M Inflow

On Wednesday, U.S. spot bitcoin ETFs reversed a two-day trend of negative outflows, attracting $123.7 million. The ETFs amassed $3.04 billion in total volume, with Blackrock’s IBIT securing $1.55 billion and GBTC achieving $626.97 million in trades. Blackrock’s IBIT added 478.4 BTC, raising its holdings from 266,101.68 to 266,580.08 BTC. As of Wednesday, GBTC’s reserves stood at 318,451.70 BTC and by Thursday, had decreased to 316,193.43 BTC, indicating a reduction of 2,258.27 BTC since the previous day’s trading.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 BlackRock’s IBIT surpasses $15 billion in inflows

Farside data shows that on April 11, Bitcoin (BTC) exchange-traded funds (ETFs) saw a total inflow of $91.3 million. BlackRock’s IBIT experienced a $192.1 million inflow, its largest since April 5, surpassing $15 billion in inflows with an exact amount of $15,144.5 billion. Since its launch, IBIT has averaged $240.4 million a day in inflows, a level not seen since April 5.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin’s halving countdown continues with one week to go

Bitcoin’s next halving event is now just one week or approximately 1,000 blocks away, according to 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 9 a.m. UTC (5 a.m. ET), to reach the next halving block height of 840,000, as things stand. Bitcoin’s next halving event will see the subsidy reward for miners on the network drop from 6.25 BTC to 3.125 BTC per block.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

📊 US, UK, Germany Among Countries With Largest Government Crypto Holdings, Arkham's Data Shows

The United States, United Kingdom, and Germany rank among the top countries holding cryptocurrencies at the government level, according to data from Arkham Intelligence. The crypto analytic firm’s onchain analysis shows that the U.S. government holds 212,847 bitcoins while El Salvador has been purchasing one bitcoin daily as announced by its president.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🇳🇬 Nigeria’s 🟠 Binance crackdown threatens Web3 industry

Nigeria is feeling the consequences of actions against Binance executives, with investors withdrawing from deals and partnerships, particularly in the web3 sector. They mention Nigeria’s perceived lack of safety for business and government hostility, citing the Binance case as evidence, according to Lucky Uwakwe, the chairman of Nigeria's Blockchain Industry Coordinating Committee (BICCoN).

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Solana DEX Drift set to airdrop 100 million tokens to users

Drift, a Solana-based decentralized exchange protocol for trading crypto perpetual futures, is set to launch and airdrop its "governance" token, DRIFT. The DRIFT token will have a total supply of 1 billion, with 10% or 100 million tokens set to be distributed through an airdrop, Drift said Tuesday. The 100 million tokens will be airdropped to 180,000 of Drift's users based on their activity on the platform.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin ETF Hype Dies Down, Normalcy Sets In

The initial euphoria for the spot bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from Grayscale's Bitcoin Trust (GBTC). On last Friday and again on Monday, Fidelity’s Wise Origin Bitcoin Fund (FBTC) had inflows of $0, breaking its streak of daily additions that started at launch on January 11. That leaves BlackRock’s iShares Bitcoin Trust (IBIT) as the only spot bitcoin ETF left that's experienced an unbroken string of inflows since the vehicles began trading.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🏦 Kraken launches self-custodial mobile wallet and releases its open-source code

The crypto exchange giant Kraken released a self-custodial mobile wallet called Kraken Wallet, and it even published the app's code at launch. Kraken Wallet lets users manage their NFTs, tokens and DeFi positions across Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon and Dogecoin, according to a release from Kraken. Users can also connect to popular decentralized applications and access round-the-clock customer service support.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin Miners Remain Optimistic About Future Despite Anticipated Revenue Loss

The CEOs of bitcoin mining firms reportedly remain bullish despite the anticipated drop in block rewards, which is set to follow the top cryptocurrency asset’s halving on or around April 20. Many of the CEOs believe a combination of low-cost operations and more efficient equipment will enable miners to offset the revenue loss related to the halving. According to a report, Bitcoin’s fourth halving since its launch will result in miners losing as much as $10 billion in revenues.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading