Tether Strengthens Partnership with Telegram by Launching USDT and XAUT on TON Tether, the operator behind the world's most prominent stablecoin, USDT, is deepening its integration with Telegram’s Web3 ecosystem by launching on The Open Network (TON). Announced during the Token2049 crypto event in Dubai, which featured keynote speeches from Tether CEO Paolo Ardoino and Telegram founder Pavel Durov, this strategic move includes the introduction of both the U.S. dollar-pegged Tether USDT and the gold-pegged Tether Gold (XAUT) stablecoins on the TON blockchain. Launch Aligns with Vision for a De ..read more

Tigran Gambaryan's Detention Continues as Court Postpones Hearing Binance executive Tigran Gambaryan remains in custody at the Kuje correctional center in Nigeria as his bail appeal has once again been postponed. A Federal High Court in Abuja, which was originally set to hear the bail application on April 18, has rescheduled it for April 22. This development was reported by the local news agency Nairametrics. Details of the Court Proceedings During the court session, the Economic and Financial Crimes Commission (EFCC) presented a need for more time to respond to new points raised in an additi ..read more

Institutional Interest in Blockchain Tokenization Grows According to RippleX's Senior Vice President, Markus Infanger, the market for tokenized financial assets on public blockchains is expected to grow dramatically, potentially reaching a valuation of $16 trillion. This projection highlights a significant shift in traditional finance (TradFi) sectors, where firms are increasingly adopting blockchain technology to tokenize financial assets, a move that could vastly outpace the current cryptocurrency market capitalization. Paradigm Shift in Blockchain Utilization During the Paris Blockchain We ..read more

Real and Fake OMNI Tokens Experience Turbulent Market Movements Omni Network's OMNI token, an ERC-20 token associated with the layer-1 testnet blockchain designed to connect Ethereum rollups, has experienced a dramatic price drop of over 55% within 18 hours following its airdrop. Initially, the token's market capitalization was around $560 million, but this sharp decline brought its valuation down to approximately $267.5 million. OMNI’s price since its airdrop over 16 hours ago has continued to slide. Source: CoinGeckoDetails of the Airdrop and Token Distribution The airdrop occurred on April ..read more

Strategic Shift to Enhance Fund Stability and Transparency Binance, the world's largest cryptocurrency exchange, has transitioned its Secure Asset Fund for Users (SAFU) entirely into Circle's USD Coin (USDC), now accounting for 3% of the stablecoin's total circulating supply. This move, announced on April 18, reflects Binance's commitment to utilizing a "trusted, audited, and transparent stablecoin" for its billion-dollar emergency fund. Today, all SAFU assets will be converted to $USDC, bolstering reliability and stability at $1bn. Read more ? https://t.co/Dggl3CdQYU — Binance (@binance) A ..read more

Pre-Halving Adjustments Increase Mining Challenges The Bitcoin mining difficulty has hit a new all-time high of 86.4 trillion, marking a significant increase ahead of the upcoming halving event. This adjustment, which took place on April 10, represents a 3.4% rise from the previous level of 83 trillion set on March 28. With the halving expected to occur in eight days, this adjustment is likely the last before the event that will reduce miner rewards by half. Implications of the Halving Event The Bitcoin halving, a major event in the cryptocurrency industry, is anticipated to occur on April 19 ..read more

Volume Surpasses $1.6 Trillion Amid Crypto Bull Market Bitget, a cryptocurrency exchange, has reported impressive growth in the first quarter of 2024, with futures and spot volume exceeding $1.4 trillion and $160 billion, respectively. This marks a significant increase from Q1 2023, where futures trading volume was $658 billion and spot trading volume was $59 billion. Expanding User Base and Product Offerings The exchange now boasts over 25 million users across its trading platform and Web3 wallet. The first quarter saw several key developments in the crypto market, including a robust recover ..read more

Spot Bitcoin ETFs Experience Fluctuating Outflows Cathie Wood's ARK 21Shares Bitcoin ETF (ARKB) has experienced a record daily outflow of $87 million, surpassing Grayscale's Bitcoin Trust (GBTC) for the first time since the launch of spot Bitcoin ETFs in the United States. This marks the second consecutive day of outflows for ARKB, with a total loss of $300,000 in assets on April 1. Grayscale's Consistent Outflows Grayscale has been facing consistent daily outflows since converting to a spot ETF, with a recent daily outflow of $81.9 million. This is relatively low compared to the average outf ..read more

Nick van Eck Sets Sights on International Markets for AUSD Nick van Eck, the son of Jan van Eck, CEO of the $90 billion asset management firm VanEck, is poised to launch a new U.S. dollar-backed stablecoin, Agora digital dollar (AUSD), following a successful $12 million funding round. The venture aims to carve out a niche in the competitive stablecoin market, focusing on transparency and trust in managing digital dollar assets. Backing and Management AUSD will be fully backed by cash, U.S. Treasury bills, and overnight repo agreements. VanEck will manage a fund for Agora's reserves, ensuring ..read more

Solana-Based Telegram Trading Bot Closes Its Doors Solareum, a Telegram trading bot built on the Solana blockchain, has announced its permanent closure due to a combination of insufficient funding, evolving market trends, and a recent security breach. The announcement was made on the Solareum support channel on Telegram and shared on X (formerly Twitter) by BONKbot co-founder king.sol on March 31. Dear Solareum Community, It is with a profound sense of regret that we announce the closure of the Solareum project. Unfortunately, due to a combination of insufficient funds, evolving market tren ..read more