April 1, 2024

DeFi Sector Grapples with $187M Losses But Recovery Efforts Net Nearly $99M

Amidst improved investor sentiment, blockchain security firm PeckShield’s report for March 2024 revealed a concerning surge in crypto hacks, with over 30 incidents causing approximately $187.29 million in losses. Despite these setbacks hindering progress in the DeFi sector, the community can find some solace in the recovery of almost $99 million during the same period....
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Ethereum (ETH) at $3,600 Amid ETF Speculations, Shiba Inu (SHIB) Stays Steady, Furrever Token (FURR) Raises $570K in Presale Under a Month

In the latest crypto recap, Ethereum (ETH) maintains its position around $3,600 amidst growing speculation surrounding the potential approval of an ETF. Meanwhile, Shiba Inu (SHIB) exhibits stability in its price movement, holding steady in the volatile crypto market. Notably, Furrever Token (FURR) has emerged as a standout performer, raising an impressive $570,000 in its...
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$JYDS Coin Announces Presale and Tokenomics Model

[PRESS RELEASE – Vancouver, Canada, April 1st, 2024] JYDS emerges as a new memecoin with innovative tokenomics and a fresh perspective in the meme coin market on the Solana blockchain. JunkYard Dogs Sol (JYDS) is gaining traction as a unique memecoin looking looking to capitalize on the burgeoning meme coin market. Through its ongoing presale,...
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Vitalik Buterin Doubles Down on Crucial Aspects for Ethereum’s Purge

Vitalik Buterin – the co-founder of Ethereum – shared insights on the next steps in the protocol’s simplification and easing the burden on node resources, also known as ‘Purge.’ The Purge essentially aims to safeguard the protocol by optimizing data storage. At the same time, it also seeks to address design decisions that were made...
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BSX: The First CLOB Perp Exchange to Launch on Base Layer-2 Blockchain

[PRESS RELEASE – Grand Cayman, Cayman Islands, April 1st, 2024] Quick Take BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance decentralized exchange, offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of centralized exchanges with the self-custody...
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OPZ Launches ICO for Its Groundbreaking AI-Powered Wallet & DEX on Bitcoin Layer 2

[PRESS RELEASE – Louis, Singapore, April 1st, 2024] OPZ Token ($OPZ) is an all-in-one solution that combines a wallet on iOS & Android, decentralized exchange, advanced AI trading, and NFC technology. It provides 1,000,000,000 tokens for traders. Using ERC-20, this token employs powerful AI trading technology to handle users’ trades. Traders buy and hold the tokens,...
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Argentina Announces Mandatory Registry For Bitcoin And Crypto Trading

The government of Argentina is calling on all local crypto firms to register with its new regulatory body dedicated to the sector – or to cease operating entirely. On March 14, the nation’s senate passed legislation approving the Registry of Virtual Asset Service Providers, in line with recommendations from the Financial Action Task Force. More...
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Here’s Why Toncoin (TON) Price is Up Over 130% in 2024

Toincoin (TON) has attracted considerable interest lately, experiencing a 138% surge year-to-date, reaching a new all-time high of $5.69. This development coincides with Telegram’s recent launch of a revenue-sharing initiative, enabling channel owners to earn 50% of advertising revenue through Toncoin. The Reasons Behind TON’s Rapid Rise The Toncoin token (TON) has experienced a notable...
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Revolutionizing Layer 2 Networks: Orbiter Finance’s Vizing zkEVM Initiative

[PRESS RELEASE – Singapore, Singapore, April 1st, 2024] Orbiter Finance, a trailblazer in the decentralized finance sector, is thrilled to announce the development of Vizing, a state-of-the-art ZK-powered Ethereum layer 2 network designed to redefine the blockchain landscape. This groundbreaking initiative is supported by the strategic backing of OKX Ventures, the investment arm of the renowned...
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March 2024 NFT Report: Trends, Market Dynamics, and Future Projections

The NFT world has built many fortunes by lifting them up with great profits! 2024 is deemed to be the year which will bring back the NFTs. As we know, despite the sluggish start in 2023, NFTs revived in the last quarter of the year. The bullish crypto market and SEC’s Bitcoin ETF approval led...
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Here’s Why Bitwise CEO Wants the SEC to Postpone Approval of Ethereum ETFs

Bitwise Asset Management, a provider of cryptocurrency index funds, wants the U.S. Securities and Exchange Commission (SEC) to defer approval for a spot Ethereum Exchange-Traded Fund (ETF) until December. Bitwise Chief Investment Officer Matt Hougan told Forbes in an interview that the industry’s focus on Bitcoin-related products may hinder the necessary attention required for the...
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Polygon Labs CEO Criticizes Layer-3 Networks, Claiming They Devalue Ethereum

Polygon Labs CEO Marc Boiron has voiced his discontent with layer-3 (L3) networks, saying their existence is taking away Ethereum’s value. His statement comes amid growing excitement around L3 networks such as Degen Chain, which are built on top of L2s to facilitate application-specific dApps that offer solutions such as scaling, costs, and interoperability. How...
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Stablecoin Issuer Tether Strengthens Bitcoin Portfolio with $627M Bitcoin Purchase

Tether, the world’s largest stablecoin issuer, bought another 8,889 BTC. The latest purchase is valued at around $627 million, bringing its Bitcoin holdings to 75.354K BTC. Overall, the company now has $5.26 billion worth of Bitcoin reserves, according to the data compiled by Arkham Intelligence. Bitcoin Holdings Tether first bought Bitcoin in September 2022. Later...
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Will Crypto Markets Climb or Fall on This Week’s Big US Economic Data?

On April 1, the macroeconomics outlet Kobeissi Letter released the key events for this week’s busy economic calendar in the United States. As crypto markets brace for another data-heavy week, volatility could return, with Bitcoin approaching resistance levels at its all-time high. Crucial job market reports are scheduled to be released on Friday, and Fed...
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What is Driving Meme Coin Madness in The ‘Weirdest Bull Market Ever?’

Meme coin hype has dominated crypto social media recently as more seemingly worthless tokens were pumped over the weekend. Industry observer “L” told their 46,000 X followers on April 1 that it is “obvious” that the meme coin craze is retail-driven. “Meme coins are the clear indicator of whether retail is here. It’s obvious to...
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Solana Price Prediction For April: Will SOL Price Hit ATH This Month

After displaying a neutral trend for about a week, the SOL price has successfully regained momentum and recorded a jump of approximately 7% over the past seven days, indicating an increase in the bull power within the crypto market. The Solana token has successfully concluded the month of March on a positive note by adding...
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South Korean Police Nabs 2 Fraudsters After Senior Citizen Loses $4.1M in Crypto Scam

Crypto crimes are on the rise across the world, especially with the market-wide boom. Elderly individuals, for one, are one of the most targeted groups, preyed on by fraudsters who convince them through different means to exchange their funds for crypto while promising substantial investment gains. This has prompted authorities to intensify their crackdown. In the...
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Bitcoin (BTC) $ 95,643.63 1.84%
Ethereum (ETH) $ 3,329.07 1.39%
Tether (USDT) $ 0.999539 0.10%
XRP (XRP) $ 2.24 0.17%
BNB (BNB) $ 657.80 0.80%
Solana (SOL) $ 182.77 0.88%
Dogecoin (DOGE) $ 0.316781 2.22%
USDC (USDC) $ 1.00 0.02%
Lido Staked Ether (STETH) $ 3,324.43 1.20%
Cardano (ADA) $ 0.895556 1.46%