💰 BitMEX's bitcoin perpetual swap now offers 250x leverage ahead of halving

Crypto derivatives exchange BitMEX has increased the leverage on its bitcoin perpetual swap, XBTUSD, from 100x to 250x ahead of the halving event. "The increased leverage came upon requests from traders to profit from the volatility as the next Bitcoin Halving happens," BitMEX said Friday. The bitcoin halving event is expected to occur within the next 24 hours and will reduce the issuance rewards for bitcoin miners from the current 6.25 BTC per block to 3.125.

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💰 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.

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💰 Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards

Bitcoin’s latest halving event occurred at block 840,000 which was mined by Viabtc on Friday evening. Additionally, the mining pool SBI Crypto unearthed the final 6.25 BTC block reward at block height 839,999. Starting with block 840,000, the reward has been reduced to 3.125 BTC per block. The mined block also achieved a whopping 37.626 BTC in transaction fees.

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💰 Grayscale’s Mini Bitcoin ETF ‘cheap’ fees are ‘hypothetical’ — analysts

Grayscale Investments' has declared its upcoming "mini" version of the Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) will be almost a tenth cheaper than the current GBTC fees, making it the most cost-effective option among the approved spot Bitcoin ETFs. “This is pro-forma financials and as such hypothetical,” Balchunas explained in an April 20 post on X, arguing that while changes are possible before launch, the fees were intended to catch investors’ attention.

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📊 CEX Trading Volumes Nearly Triple Since October 2023: Bybit

Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. Bybit Exchange emerged as one of the fastest-growing platforms, showing a remarkable 264% growth in trading volumes. Additionally, the U.S.-based exchange Coinbase experienced an uptick in volumes, rising by 193%, slightly below the industry’s average growth rate of 255%.

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💰 Grayscale Announces Low-Fee Bitcoin ETF Spinoff for Investors!

Grayscale, renowned for its spot Bitcoin ETF GBTC with a 1.5% fee, is shaking up the market with a new spinoff fund boasting a drastically reduced fee of 0.15%. This move, announced through Grayscale’s latest filing, aims to introduce the lowest fee among all available spot Bitcoin ETFs. The forthcoming Grayscale’s Bitcoin Mini Trust (BTC) is set to inherit 10% of GBTC’s assets, providing shareholders with a tax-free transition into the new fund, shielding them from capital gains tax liabilities.

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💰 Grayscale’s Mini-Bitcoin ETF to Have Lowest Fees on The Market

Grayscale’s new mini-Bitcoin exchange-traded fund will be a market leader in terms of fees, according to a recent filing. The world’s largest asset manager is aiming to retain its position as leader of the spot Bitcoin ETF market following a massive exodus of capital from its flagship GBTC product. In order to do this, Grayscale has applied for a smaller Bitcoin ETF with highly competitive fees to compete with its ten rivals.

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💰 ViaBTC auctions 'epic sat' after mining Bitcoin's halving block and holding back rewards

Bitcoin mining pool ViaBTC is auctioning the "epic sat" after mining Bitcoin's fourth halving block on Friday and setting aside 40.75 ($2.6 million) in rewards. "The auction for Sat 1,968,750,000,000,000 — 1 of only 4 epic sats in the Bitcoin ecosystem — has officially begun!," ViaBTC posted on its official X account earlier on Tuesday. "We're thrilled to partner with [crypto exchange] CoinEx Global for this monumental event.".

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💰 'Buy Bitcoin' sign from Janet Yellen's 2017 speech sold for $1 million

A piece of notebook paper with the sign “Buy Bitcoin” — famous for appearing on broadcast behind then-United States Federal Reserve Chair Janet Yellen in 2017 — was sold for 16 , or about $1.027 million. The sign was handed over to the highest bidder, the pseudonymous “Squirrekkywrath,” after a week-long auction Wednesday at the Pubkey Bar in New York. The original “Bitcoin Sign Guy,” Christian Langalis — who posted the auction himself on auction platform Scarce City — also attended the event.

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💰 Franklin Templeton tokenizes $380 million US government money fund on Polygon, Stellar

Franklin Templeton has tokenized a $380 million treasuries fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries. The company has launched the Franklin OnChain United States Government Money Fund (FOBXX), offering shares as BENJI tokens. Each token represents a share of the FOBXX and is tradable on the public Polygon and Stellar blockchains.

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💰 Fidelity’s spot bitcoin ETF records outflow for first time

Fidelity’s spot bitcoin exchange-traded fund saw daily net outflows of $22.61 million on Thursday, becoming the first day the ETF saw more funds move out since its January listing, according to SoSoValue data. Several other U.S. bitcoin funds reported daily outflows, totaling a drainage of $217.58 million. Grayscale’s converted ETF lost $139.37 million, while Ark Invest and 21Shares’ fund saw $31.34 million move out, SoSoValue data showed. Valkyrie’s fund lost $20.16 million and Bitwise saw an outflow of $6 million.

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💰 Bitcoin Cannot Grow Without the Spot Bitcoin ETFs: Report

Spot Bitcoin ETFs have been a major catalyst in driving BTC to establish an all-time high months before its fourth halving. According to a new report by Ecoinometrics, Bitcoin cannot grow further without those products. These funds appear to have “stopped accumulating coins” (in aggregate) for more than a month, which can be a cause of concern for the leading asset’s future price trajectory.

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