The US SEC filed an amended complaint in its case against Justin Sun and other defendants on April 18, arguing that Justin Sun’s alleged visits to the US should grant it the jurisdiction required to pursue legal action. The regulator alleged that Sun “traveled extensively” to the US while he and several companies carried out […] The post SEC claims Justin Sun’s alleged visits to US grant it personal jurisdiction to pursue legal action appeared first on CryptoSlate.

Put simply, the halving is an automatic 50% reduction in the number of bitcoin entering circulation. That should, in theory, push the value of ...

Bitcoin's (BTC-USD) halving event is expected to occur over this weekend, either Friday, April 19 or Saturday, April 20.

At block height 839,856, the Bitcoin blockchain stands a mere 144 blocks short of the forthcoming reward halving at block height 840,000. Historically, bitcoin’s price has seen substantial increases following prior halving events. However, there are speculations that this occurrence might not follow the previous pattern. This week, the creator of the stock-to-flow (S2F) price […]

How Drones Are Revolutionizing the Economics of War  Bloomberg

Big Take DC: Boeing Faces Washington and Wall Street  Bloomberg

Crypto Trader Convicted in $110 Million Mango Markets Fraud · Fled to Israel · More From Bloomberg · For you.

Sony Is Said to Be in Talks With Apollo on Joint Paramount Bid  Bloomberg

Is Ethereum's future about to rocket with the new stablecoin act?

A key metric reached a critical level, which on two prior occasions, resulted in massive altcoin rallies

On-chain data shows that a Chainlink indicator is currently forming a pattern that has led to an average 50% increase for LINK in the past. Chainlink 30-Day MVRV Ratio Has Plunged In a new post on X, analyst Ali discussed the latest trend in Chainlink’s 30-day MVRV ratio. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that tracks the ratio between LINK’s market cap and realized cap. The market cap naturally refers to the total valuation of the asset’s circulating supply at the current spot price. In contrast, the realized cap is a different type of capitalization model that calculates the total value of the cryptocurrency by instead taking the price at which each coin in circulation last moved on the network as its “true” value. Related Reading: 69% Of PEPE Holders Left In Profits After 26% Plunge Since the last transaction of any coin was probably the last time it changed hands, the price at its time would signify its current cost basis. As such, the realized cap sums up the cost basis of every coin in circulation. In this view, the realized cap would be nothing but a measure of the total capital the investors have used to purchase the asset. In contrast, the market cap represents the value that they are holding right now. The MVRV ratio compares these two models, and its value can provide hints about whether the overall market holds more or less than it puts into Chainlink. In the context of the current topic, the 30-day version of this indicator is of focus, which restricts itself to only the investors who bought within the past month. Here is the chart shared by the analyst that shows the trend in this LINK indicator over the past couple of years: The value of the metric seems to have registered a steep decline in recent days | Source: @ali_charts on X As displayed in the above graph, the Chainlink 30-day MVRV ratio has recently taken a sharp plunge and dipped under the 0% mark. The 0% mark is where the market cap and realized cap are exactly equal, so below it, the latter would be greater than the former. When this is the case, the investors are carrying losses. This recent plunge into the negative has naturally come for the metric as the cryptocurrency’s price has plummeted, putting the 30-day buyers underwater. In the chart, Ali has highlighted a specific pattern that Chainlink appears to have followed regarding this indicator, plunging deep into the negative territory. “Each time Chainlink MVRV 30-Day Ratio has dropped below -12.24% since August 2022, it’s signaled a prime buying opportunity, averaging 50% returns!” notes the analyst. Related Reading: Bitcoin Long-Term Holders Slow Down After 700,000 BTC Selloff, Reversal Sign? Recently, the indicator has declined towards 17.54%, meaning it’s below this level, which has historically led to profitable buying windows for the coin. It remains to be seen whether the pattern followed in the last two years will hold this time as well. LINK Price The past week has been terrible for Chainlink investors. The asset’s price has plunged by more than 23%, coming down to just $13.3 now. Looks like the price of the coin has plunged recently | Source: LINKUSD on TradingView Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com

Sony Is Said in Talks With Apollo on a Joint Offer for Paramount  Bloomberg

Bitcoin (BTC) is increasingly serving as a critical channel for cross-border financial flows amid global financial instability, according to a new report by the International Monetary Fund (IMF). The report, released this April, sheds light on how the decentralized nature of Bitcoin is being leveraged to bypass traditional banking systems, especially in regions experiencing economic […] The post IMF acknowledges Bitcoin’s significant role in preserving wealth amid financial instability appeared first on CryptoSlate.

Clean Hydrogen's Best Bet May Be a Rainforest State in Borneo  Bloomberg

Bitcoin has broken down dramatically, and it may cause serious issues

Japan's Inflation Cools Ahead of BOJ Policy Board Meeting  Bloomberg

Netflix Crushes Subscriber Estimates: Reaction and Analysis  Bloomberg

Ukraine Needs Ammunition: Evelyn Farkas on Ukraine Aid  Bloomberg

Netflix Earnings Surge, Progress on Aid Vote, More  Bloomberg

Thames Water Delays Business Plan Update Scheduled for Friday  Bloomberg

China AI Gold Rush Sees Retail Traders Hunting for Obscure Winners  Bloomberg

A widely followed crypto strategist is warning about the altcoin market as projects like Chainlink (LINK) correct. Pseudonymous analyst Altcoin Sherpa tells his 214,900 followers on the social media platform X that most altcoins may enter a months-long consolidation phase. “It’s quite possible that altcoins are done for the next one to four months. There […] The post Are Altcoins Done? Trader Issues Alert Amid ‘Scary’ Behavior in Chainlink (LINK) and Others appeared first on The Daily Hodl.

The cryptocurrency company founded by BitTorrent's inventor saw its IPO plans derailed last year by financial woes at its banker, Credit Suisse.

Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable.  Ethereum Revenue Potential As noted in a recent analysis by the on-chain data platform Token Termina, the collection of transaction fees is a critical aspect of Ethereum’s business model.  All network users are required to pay fees in ETH when interacting with applications on the blockchain, which serves as an important source of revenue for Ethereum. Once transaction fees are paid, a portion of the ETH is burned and permanently removed from circulation. This process, commonly referred to as “ETH buyback,” benefits existing ETH holders, as the reduction in supply increases the scarcity and value of the remaining ETH tokens. Thus, the daily burning of ETH contributes to the economic benefit of those holding Ethereum. Related Reading: Here’s What Would Happen If The Bitcoin Price Fell Below $58,000 In contrast to the burning of ETH, Ethereum also issues new ETH tokens as rewards to the network’s validators for each new block added to the blockchain.  These rewards are similar to traditional stock-based compensation and are designed to incentivize validators to secure and maintain the network’s integrity.  Nonetheless, it’s important to note that the issuance of new ETH tokens dilutes the holdings of existing ETH holders. According to Token Terminal, the difference between the daily USD value of the burned ETH (revenue) and the newly issued ETH (expenses) represents the daily earnings for existing ETH holders, essentially the Ethereum blockchain owners. This calculation allows for the determination of Ethereum’s profitability on a day-to-day basis. Reduced Transaction Costs Drive $3.3 Billion Growth In addition to the overhauled revenue model implemented by the Ethereum blockchain, the launch of the much-anticipated Dencun upgrade to the Ethereum ecosystem at the end of the first quarter of 2024 brought significant changes, including the introduction of a revolutionary data storage system called blobs.  This upgrade has reduced congestion on the Ethereum network and significantly reduced transaction costs on Layer 2 networks such as Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base.  Implementing the Dencun upgrade, alongside the adoption of blobs and Layer 2 networks, has significantly impacted Ethereum’s revenue.  According to Token Terminal data, the blockchain’s revenue has witnessed an 18% annualized increase, amounting to an impressive $3.3 billion. These revenue gains can be attributed to reduced transaction costs, making Ethereum a more attractive platform for users and developers. Related Reading: Bitcoin To $455,000: Expert Echoes Previous Halving Pattern Despite the positive revenue growth, it is essential to acknowledge the impact of market corrections and dampened investor interest in the second quarter of 2024.  Over the past 30 days, Ethereum’s revenue has declined by over 52%. This downturn can be attributed to the broader market dynamics and the temporary decrease in investor enthusiasm.  Examining the data over the past 30 days, Ethereum’s market cap (fully diluted) has decreased by 15.2% to $358.47 billion. Similarly, the circulating market cap has declined by 15.2% to reach the same value.  Additionally, the token trading volume over the past 30 days has declined 18.6%, totaling $586.14 billion.  ETH is trading at $3,042, up 0.4% in the last 24 hours. It remains to be seen whether these changes and the reduction in fees will have the same effect in the second quarter of the year, and how this, coupled with a potential increase in trading volume, can push the ETH price to higher levels.  Featured image from Shutterstock, chart from TradingView.com 

Institutions launching bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the ...

The halving is a pivotal economic and cultural moment every four years for the Bitcoin network, fundamentally altering the economics of the ...

Significant volumes of USDT were moved from Tether's reserves to exchanges within the Ethereum ecosystem.

Indonesian Finance Chief Aims to Shield Economy From Dollar Rise  Bloomberg

Balance of Power: Aid Bills On Track To Pass in the House  Bloomberg

Walmart-Backed Ibotta Rises 17% After $577 Million IPO  Bloomberg

Bitcoin jumps to $63,000, but JPMorgan says the crypto could decline post-halving: CNBC Crypto World ... Bloomberg Originals•98K views · 2:37 · Go to ...

But it's clear some disruptive technologies beyond crypto intersect with blockchain. That includes artificial intelligence (AI). While the AI/ ...

Out of the 600 million token airdrop supply, 90 million are allocated to blockchain ecosystem developers, 49.5 million to testnet users, 380 million ...

... blockchain and virtual asset arena will enable the transformation of cutting-edge blockchain technologies into useful commercial applications.

Today's edition is brought to you by LightLink – an Ethereum Layer 2 blockchain that lets dApps and enterprises offer users instant, gasless ...