TL;DR The meme coin dogwifhat (WIF) surged by 15% following Coinbase’s announcement to add WIF perpetual contracts. Other assets of that type like Cat in a Dogs World (MEW), Dogecoin (DOGE), and Shiba Inu (SHIB) also saw notable gains amidst overall market recovery. WIF Stands Among the Best Performers The cryptocurrency market experienced severe volatility in the past several days. Most leading digital assets started recovering yesterday (April 18) before plunging substantially following the reports that Israel carried out drone and missile attacks on Iran. Bitcoin (BTC), fo ..read more

Bitcoin’s price has been heavily impacted by the developments on the Israel-Iran front, as the asset plummeted below $60,000 last night before it soared to $65,000 after the latter reportedly said there would be no retaliation soon. The altcoins experienced a similar roller-coaster, but most of them are currently in the green on a daily scale. BTC’s Dump and Pump It was a week ago when Bitcoin suddenly dumped from over $70,000 to $65,000 after the US Fed’s comments about the interest rates. A day later, the cryptocurrency slumped to $61,000 as Iran fired shots against Israel. The asset managed ..read more

There are approximately 21,800 Bitcoin options contracts due to expire on Friday, April 19. These derivatives have a notional value of around $1.33 billion, which is marginally lower than last week’s expiry event. Moreover, crypto markets have been tanking hard all week, with Bitcoin poised to lose its psychological price level of $60,000. Bitcoin Options Expiry Today’s expiring batch of BTC contracts has a put/call ratio of 0.63, which means there are almost twice as many call (long) contracts expiring as puts (shorts). The bulls still appear to be dominating derivatives markets with the most ..read more

Binance, once banned by the Indian government, is set to make a comeback after agreeing to pay a hefty penalty of approximately $2 million. According to a report by ET, the world’s largest cryptocurrency exchange is preparing to re-enter the Indian market under the finance ministry’s oversight of the Financial Intelligence Unit (FIU). Binance’s India Comeback The latest development means that Binance will now have to comply with the existing regulatory frameworks, including the Prevention of Money Laundering Act (PMLA) and the taxation framework for virtual digital assets (VDA). A source close ..read more

The price of Bitcoin (BTC) fell back below $60K on Friday following reports of explosions occurring close to the airport in Isfahan, a city in Iran. The report comes from the semi-official FARS news agency in Iran, citing local sources. Multiple flights began diverting their routes around Western Iranian airspace early Friday morning. The state-run IRNA news agency later reported that air defense batteries had fired across several provinces early Friday morning. The agency and locals acknowledged hearing “loud noise” in the area. While the cause of the explosion is still unknown, it follows I ..read more

Public interest in the ‘Bitcoin halving’ is gaining steam as Google searches for the term have now risen to their highest level in history. According to Google Trends data, interest in the term began steadily ramping up at the start of 2024. Beginning with a score of 9 in January, interest in the “bitcoin halving’ keyphrase is now at 100, meaning it has never been higher. The Bitcoin Halving Approaches The last time the Bitcoin halving became a popular search term was at the last Bitcoin halving in May 2020, at which point search interest was roughly one-third as high as today’s. Now, four yea ..read more

Meme coin investors have a new obsession, and it’s an unlikely one: Slothana. This sloth-themed token is set to hit exchanges in just 10 days – and some traders believe that the upcoming listing of Slothana (SLOTH) could be the catalyst for an explosive price pump. Hilarious Backstory Behind Crypto’s Hot New Sloth-Themed Token Slothana has quickly become one of the hottest new tokens in the meme coin space. This Solana-based project revolves around a chill sloth mascot that oozes laidback stoner vibes. From its red-eyed look to the strategically-placed cannabis leaves, Slothana fully leans in ..read more

[PRESS RELEASE – Dubai, United Arab Emirates, April 18th, 2024] COG plans to widen its global presence in the US, EU, Middle East & Africa, and Asia in 2024 The company aims to onboard 100 million users by 2026 COG intends to scale rapidly through strategic investments and partnerships. It seeks to establish itself as the leading premier global hub for casual gaming. Circle of Games (COG), has raised $1 million in equity funding from strategic investors Nazara Technologies FZ LLC, (a wholly-owned subsidiary of the Nazara Technologies Limited) and The Hashgraph Association, the ..read more

Binance has announced that it is converting its Secure Asset Fund for Users (SAFU) into Circle’s USD Coin (USDC). Following the $1B conversion into USDC, this stash now makes up approximately 3% of Circle’s total circulating supply, which is $32.6 billion. SAFU Assets Shift to USDC for Stability In an April 18 announcement by Binance, the exchange emphasized the importance of SAFU in its ecosystem. Binance stated, “SAFU continues to be a core part of our responsibility to the ecosystem, and we continue to evolve to meet market conditions head-on. Today, we are transferring 100% of SAFU’s asset ..read more

TL;DR Cardano’s ADA has significantly declined, currently priced around $0.45, reflecting a broader market downturn. However, analysts remain optimistic, with forecasts suggesting a rebound to $1 in the near term and possibly reaching higher milestones like $1.70 or even $10 under favorable conditions. ADA Ready for a Bull Run? Cardano’s ADA has underperformed in the past few weeks, coinciding with the broader crypto market retreat. Its price currently hovers around $0.45 (per CoinGecko’s data), representing a 22% decline on a weekly scale and 25% in a month. ADA Price, Source: CoinGecko Th ..read more