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SEC Requests Feedback on Three Ethereum ETF Applications; Analysts Express Skepticism
All focus is on the United States Securities and Exchange Commission (SEC), as it initiates a period for public commentary on three proposals for Ethereum spot exchange-traded funds (ETFs).

“The Commission is issuing this notification to solicit feedback on the proposed rule amendment from interested parties,” the submission stated.

As disclosed in announcements on April…
https://coinhub.network/sec-requests-feedback-on-three-ethereum-etf-applications-analysts-express-skepticism/

VanECK Forecasts Ethereum Layer 2 Networks to Reach $1 Trillion in Value Over the Next Six Years
VanECK, a prominent global fund manager, expresses optimism regarding the potential of Ethereum Layer 2 (L2) networks, projecting a valuation surpassing $1 trillion by 2030.

Despite maintaining ambitious expectations for L2s, VanECK remains cautious about the long-term outlook for some of these networks. Their analysis evaluates 46 L2 networks across various parameters, anticipating the emergence…
https://coinhub.network/vaneck-forecasts-ethereum-layer-2-networks-to-reach-1-trillion-in-value-over-the-next-six-years/

CoinLedger: Bitcoin Dominates Unrealized Profits Among Crypto Portfolios
A recent study conducted by CoinLedger reveals that cryptocurrency portfolios have experienced an average increase in value of $2,804 this year, as the industry surged towards its previous peak witnessed in 2021.

CoinLedger, a provider of crypto tax and portfolio management software, analyzed data from over 500,000 investors to identify popular tokens and platforms utilized…
https://coinhub.network/coinledger-bitcoin-dominates-unrealized-profits-among-crypto-portfolios/

IMF Presses Ukraine for Timely Completion of Crypto Regulation Revision by Late 2024, Government Official Reports
The IMF has emphasized the importance for Ukraine to swiftly enact legislation concerning virtual assets by the conclusion of 2024, citing regulatory uncertainties and economic opportunities.

According to Oleksandr Bornyakov, a deputy minister of digital transformation in Ukraine, this directive was communicated via a Facebook post, highlighting concerns outlined in the Memorandum of Economic and…
https://coinhub.network/imf-presses-ukraine-for-timely-completion-of-crypto-regulation-revision-by-late-2024-government-official-reports/

Upcoming Arrival of Parallel, an NFT Card Game Supported by VanEck, on Epic Games Store
Parallel, a futuristic trading card game infused with non-fungible tokens (NFTs), is set to make its debut on the Epic Games Store after securing a recent funding round of $35 million. The game’s developers revealed the news via the project’s official account on April 3rd, highlighting the imminent availability of Parallel within the Epic Games…
https://coinhub.network/upcoming-arrival-of-parallel-an-nft-card-game-supported-by-vaneck-on-epic-games-store/

Bullish Momentum Builds for Bitcoin as Open Interest Declines
Bitcoin (BTC) has exhibited a modestly bullish trend following its decline from the $70,000 level, as reflected in recent market dynamics. This upward movement coincides with a notable decrease in BTC’s total open interest (OI), which has contracted by over $1 billion.

Over the past 24 hours, BTC has seen a 0.6% increase in value,…
https://coinhub.network/bullish-momentum-builds-for-bitcoin-as-open-interest-declines/

Cryptocurrency Community Mobilizing Ethereum Funds for Civilian Evacuation in Gaza
Amid escalating tensions between Gaza and Israel, an Ethereum community member known as Kat has initiated a remarkable campaign leveraging the power of Ethereum to facilitate the evacuation of local families to safety.

The initiative, aptly named “ETH Evacuations,” has garnered significant traction, raising an impressive sum of over $55,000 within the past 24 hours…
https://coinhub.network/cryptocurrency-community-mobilizing-ethereum-funds-for-civilian-evacuation-in-gaza/

Concerns Arise Over Suspicious Transfers in AssangeDAO, Raising Rug Pull Worries
Transfers originating from AssangeDAO’s wallet address have sparked concerns regarding potential rug pulls, prompting increased scrutiny into the organization’s transparency and financial practices.

Established in 2022, AssangeDAO gained recognition for its association with Julian Assange, the Australian activist behind WikiLeaks. Initially formed to advocate for Assange’s release amid his extradition proceedings, the DAO garnered substantial…
https://coinhub.network/concerns-arise-over-suspicious-transfers-in-assangedao-raising-rug-pull-worries/

Wormhole Reveals Plan for W Token Launch on Solana
Cross-chain communication protocol Wormhole has unveiled a detailed plan for the introduction of its native token, W, which will initially be launched on the Solana network. The protocol’s roadmap, outlined in a recent blog post on April 3rd, highlights the phased approach towards maximizing the functionality of W across various blockchain ecosystems.

Phase 1 of…
https://coinhub.network/wormhole-reveals-plan-for-w-token-launch-on-solana/

Ethereum Generates $1.17 Billion in Transaction Fees in Q1 2024
In the first quarter of 2024, the Ethereum network achieved a net profit of $369.11 million, marking a substantial increase of 209.5% compared to the same period last year. Coin98 analytics revealed that Ethereum’s transaction fees surged by 155%, totaling $1.17 billion, surpassing the $1 billion revenue milestone, while expenses reached nearly $666 million.

During…
https://coinhub.network/ethereum-generates-1-17-billion-in-transaction-fees-in-q1-2024/

Reportedly, FixedFloat experiences another security breach resulting in a loss of $2.8 million.
Allegedly, Decentralized cryptocurrency exchange FixedFloat has faced another security breach, resulting in the loss of millions in ETH, USDT, WETH, DAI, and USDC. Reportedly, an unidentified entity swiftly drained approximately $2.8 million worth of Ethereum (ETH), Tether (USDT), Wrapped Ether (WETH), DAI, and USD Coin (USDC) from FixedFloat’s hot wallet on the Ethereum blockchain, utilizing…
https://coinhub.network/reportedly-fixedfloat-experiences-another-security-breach-resulting-in-a-loss-of-2-8-million/

Why Cryptocurrency Prices Are Declining Today: Beginning of Capital Outflows
The global cryptocurrency market has experienced a noticeable decline, with Bitcoin (BTC) approaching the $66,000 threshold. According to CoinGecko data, the overall cryptocurrency market capitalization has dropped by 4.6% in the last 24 hours, currently standing at $2.63 trillion. Despite this, daily trading volume has surged by 42% to reach $134.77 billion.

This market-wide downturn…
https://coinhub.network/why-cryptocurrency-prices-are-declining-today-beginning-of-capital-outflows/

Binance Forms Inaugural Board of Directors, Location for Headquarters Still Pending
Amid escalating regulatory pressures, Binance has established its inaugural board of directors, signaling a pivotal organizational change. The board, led by Gabriel Abed, former Barbados ambassador to the UAE, comprises seven members, including CEO Richard Teng and founding executives Heina Chen, Jinkai He, and Lilai Wang. Two external members, Arnaud Ventura and Xin Wang, have…
https://coinhub.network/binance-forms-inaugural-board-of-directors-location-for-headquarters-still-pending/

Co-founder of Solana Labs unveils Whitepaper for BunkerCoin Initiative
Solana Labs’ Co-Founder Anatoly Yakovenko has unveiled a new blockchain protocol named BunkerCoin, designed specifically for environments with limited bandwidth, including compatibility with shortwave radio technology.

The announcement coincides with the publication of the BunkerCoin white paper, titled “BunkerCoin: A Low Bandwidth, Shortwave Radio-Compatible Blockchain Protocol,” offering a comprehensive technical overview.

BunkerCoin leverages innovative technologies…
https://coinhub.network/co-founder-of-solana-labs-unveils-whitepaper-for-bunkercoin-initiative/

Crypto.com to Introduce Retail Trading Services in the South Korean Market
Singapore-based cryptocurrency exchange Crypto.com is gearing up to launch its services in the South Korean market, marking its entry two years after acquiring local exchange OK-BIT. In a recent blog post dated April 2nd, Crypto.com revealed its plans to introduce the Crypto.com App specifically for retail users in South Korea starting April 29th. This move…
https://coinhub.network/crypto-com-to-introduce-retail-trading-services-in-the-south-korean-market/

Federal Reserve Chair Jerome Powell Downplays Recession Concerns: Impact on Cryptocurrency Markets
Federal Reserve Chair Jerome Powell has reiterated that the United States is not facing an imminent recession, emphasizing that the central bank is not rushing to reduce interest rates.

Powell’s Comments on US Recession and Inflation Speaking at an event in San Francisco, Powell acknowledged that the latest inflation data aligns with the Federal Reserve’s…
https://coinhub.network/federal-reserve-chair-jerome-powell-downplays-recession-concerns-impact-on-cryptocurrency-markets/

Shiba Inu’s Value Drops by 6% After Large Holder Sells 1.4 Trillion SHIB Tokens on KuCoin
Shiba Inu (SHIB), a well-known meme-based cryptocurrency, experienced a significant decline in its market value attributed to recent large-scale selling activities by major holders. The price of Shiba Inu plummeted by over 6% to reach a low of $0.00003036 during the day, reflecting the impact of these sell-offs.

A substantial transaction involving a Shiba Inu…
https://coinhub.network/shiba-inus-value-drops-by-6-after-large-holder-sells-1-4-trillion-shib-tokens-on-kucoin/

Founder of DFINTIY, Dominic Williams, Discusses Decentralized AI, AI Dapps, Blockchain-based Hosting of AI Models, and Multichain DeFi | Episode 321
Cryptonews Podcast host Matt Zahab recently conducted an exclusive interview with Dominic Williams, the Founder and Chief Scientist of the DFINTIY Foundation, a significant contributor to the Internet Computer (ICP) blockchain and a passionate advocate for artificial intelligence (AI).

During the interview, Williams delved into the intersection of AI and blockchain, highlighting their symbiotic relationship…
https://coinhub.network/founder-of-dfintiy-dominic-williams-discusses-decentralized-ai-ai-dapps-blockchain-based-hosting-of-ai-models-and-multichain-defi-episode-321/

Balancing Decentralization: Blockchain Games Seek Data for User Acquisition
Web3 games remain at the forefront of on-chain activity, constituting 34% of decentralized application (Dapp) engagement in the previous year, as reported by DappRadar.

The report further indicates that Web3 games attracted a user base of 1.1 million active daily participants throughout 2023. Despite this notable achievement, these games encounter challenges in drawing in both…
https://coinhub.network/balancing-decentralization-blockchain-games-seek-data-for-user-acquisition/

Bitcoin’s Price Soars Toward Record Highs with $35 Billion Trading Volume – Is it the Right Time to Invest?
Bitcoin’s price is currently hovering around $70,768, indicating a 1.50% rise and approaching unprecedented levels, driven by a substantial $35 billion trading volume.

Amid Google’s integration of blockchain data, signaling a growing acceptance of cryptocurrencies in mainstream circles, Bitcoin price forecasts are becoming increasingly optimistic, pointing towards potential new all-time highs.

This development marks a…
https://coinhub.network/bitcoins-price-soars-toward-record-highs-with-35-billion-trading-volume-is-it-the-right-time-to-invest/

Bitwise’s Chief Investment Officer Forecasts $1 Trillion Bitcoin Inflow Through Institutional Investor ETFs
Matthew Hougan, the Chief Investment Officer of Bitwise, foresees a potential influx of up to $1 trillion into Bitcoin via exchange-traded funds (ETFs) as institutional investors progressively enter the cryptocurrency market.

In a memo circulated to investment professionals, Hougan addressed concerns regarding Bitcoin’s price volatility, advocating for a patient long-term perspective amidst fluctuations between $60,000…
https://coinhub.network/bitwises-chief-investment-officer-forecasts-1-trillion-bitcoin-inflow-through-institutional-investor-etfs/

Vitalik Buterin Criticizes Solana’s Racist Meme Tokens, Advocates for Higher-Quality Projects
Vitalik Buterin, the co-founder of Ethereum, recently voiced criticism against meme coins associated with dictatorships, advocating for the development of higher-quality projects in a recent blog entry.

In his post, Buterin highlighted the nascent stage of meme coins within the cryptocurrency industry, suggesting that many lack innovation and primarily serve speculative trading purposes. He specifically…
https://coinhub.network/vitalik-buterin-criticizes-solanas-racist-meme-tokens-advocates-for-higher-quality-projects/

Lazarus Laundered $174 Million in Ethereum (ETH) Stolen from HTX, Transferred Funds to Bitcoin
Despite being sanctioned by the Office of Foreign Assets Control (OFAC), the Tornado Cash mixing service persists in its operations, aiding North Korea-linked hackers in laundering millions of stolen cryptocurrency.

In a sophisticated cybercrime operation, the Lazarus Group, associated with the Democratic People’s Republic of Korea (DPRK), successfully laundered substantial amounts of Ethereum (ETH), totaling…
https://coinhub.network/lazarus-laundered-174-million-in-ethereum-eth-stolen-from-htx-transferred-funds-to-bitcoin/

Persistent Acquisition of Bitcoin by Traditional Investors from Long-standing Whales
On-chain data analysis confirms a trend where long-term holders of Bitcoin (BTC), often referred to as whales, are transferring their holdings to traditional institutional investors. This shift in ownership coincides with a growing interest in Bitcoin within Wall Street circles.

Ki Young Ju, CEO of CryptoQuant, observed this trend by comparing the activity of established…
https://coinhub.network/persistent-acquisition-of-bitcoin-by-traditional-investors-from-long-standing-whales/

GateToken experiences a 28% surge, achieving its highest level in 16 months.
GateToken (GT), the proprietary token of GateChain developed by Gate.io, has ascended into the top 100 cryptocurrencies, boasting a market capitalization exceeding $1 billion. Within the past 24 hours, GT has surged by 28.3%, currently priced at $11, marking its highest level since May 2021. Its market capitalization stands at $1.05 billion, positioning it as…
https://coinhub.network/gatetoken-experiences-a-28-surge-achieving-its-highest-level-in-16-months/

Investors Remove Cryptocurrency Funds Valued at $350 Million from KuCoin
Over the course of the last 24 hours, KuCoin users have executed significant withdrawals of Ethereum (ETH), USDT, and USDC from the platform. Coinglass data reveals a total withdrawal amount exceeding $350 million, comprising 19,722 ETH valued at $70.2 million, along with 275.3 million USDT and $4.5 million USDC.

These substantial withdrawals coincide closely with…
https://coinhub.network/investors-remove-cryptocurrency-funds-valued-at-350-million-from-kucoin/

Parallel, a Sci-Fi NFT Card Game, Secures $35 Million Funding from VanEck and Solana Ventures
The NFT card game Parallel, supported by Paradigm, has successfully raised $35 million from a consortium of investors, signaling its intent to expand its universe across various platforms. In an announcement on Mar. 28, developers of the sci-fi game revealed that Distributed Global, The Operating Group, VanEck, Solana Ventures, Base Ecosystem Fund, and Amber, among…
https://coinhub.network/parallel-a-sci-fi-nft-card-game-secures-35-million-funding-from-vaneck-and-solana-ventures/

Arbitrum and Azuki Unveil Web3 Platform Catering to Anime Enthusiasts
The Arbitrum Foundation has joined forces with the renowned NFT brand Azuki to establish a web3 network tailored specifically for anime enthusiasts. This collaborative effort, known as AnimeChain, aims to curate a diverse array of anime-related content, spanning original creations and offerings from third-party sources, encompassing games, merchandise, and NFTs.

Zagabond, the CEO of Azuki,…
https://coinhub.network/arbitrum-and-azuki-unveil-web3-platform-catering-to-anime-enthusiasts/

Milady Set to Launch ‘Meme Phone’ with 1 Million LADYS Tokens Per Purchase Giveaway
The Milady meme project introduces the Meme Phone as part of its outlined roadmap, marking a commitment to innovation and creativity, as stated by the project’s official announcement. This limited edition phone, exclusive to owners of Milady Meme Coin (LADYS), signifies the project’s dedication to unique offerings.

In the initial phase, the project plans to…
https://coinhub.network/milady-set-to-launch-meme-phone-with-1-million-ladys-tokens-per-purchase-giveaway/

Developer associated with North Korea Linked to $62.5 Million Theft and Subsequent Return from Protocol
A member of the Munchables development team, purportedly associated with North Korea, orchestrated a theft exceeding $60 million in cryptocurrency from the project. However, following public exposure, the perpetrator returned the stolen funds. On March 27, the gaming protocol Munchables, based on the Blast network, encountered a significant security breach resulting in the loss of…
https://coinhub.network/developer-associated-with-north-korea-linked-to-62-5-million-theft-and-subsequent-return-from-protocol/