As Bitcoin halves and ushers in the fifth epoch in April, Ki Young Ju, the founder of the crypto analytics platform CryptoQuant, has unveiled some interesting profitability statistics for various entities. Ju took X to highlight the unrealized profits across different investor groups, unveiling a clear winner: old whales. Bitcoin Rewards Old Whales, Miners According to the data, seasoned Bitcoin investors, often called “old whales,” have seen a staggering 223% increase in unrealized profits. This suggests that their long-term holding strategy has paid off handsomely, with rising pric ..read more

Shiba Inu (SHIB) has established a critical price support level amidst the market-wide downtrend, which has kept crypto prices down. This support level has been established thanks to a host of Shiba Inu holders who have invested in the meme coin at that price level with a 2 trillion SHIB buy order. Shiba Inu Establishes Support At $0.00001 Data from the market intelligence platform IntoTheBlock shows that over 397,000 Shiba Inu addresses currently in the money bought the meme coin at an average price of $0.000010. Meanwhile, the minimum price for those buy orders is $0.000008, while the maximu ..read more

On-chain data shows that Ethereum transaction fees have dropped to their lowest level since January, a sign that a bottom could be close. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold According to data from the on-chain analytics firm Santiment, Ethereum transaction fees have taken a notable hit recently. The “transaction fees” here refer to the average fees (in USD) that senders on the ETH network are currently attaching to their transfers. This metric’s value generally reflects the traffic conditions the blockchain is witnessing. When many users are making moves on the network ..read more

The air crackles with anticipation as the Bitcoin network hurtles towards its fourth halving event, expected within the next few hours. This pre-programmed phenomenon cuts the block reward for miners – the number of new Bitcoins generated for verifying transactions – in half. While some see it as a recipe for another digital gold rush, experts caution against blind optimism. Bitcoin Rewards Slashed, Not Supply Ahead of the halving, misconceptions abound. Binance co-founder Changpeng Zhao recently clarified that the halving doesn’t mirror a stock split, which increases the total number of share ..read more

Cardano has been struggling in the market over the last few weeks, completely erasing its gains from March. This continuous decline has put the digital asset in a perilous position as it has dropped drastically on the list of the top 10 cryptocurrencies by market cap. Cardano Bows Out To Toncoin And Dogecoin The first negative headwinds for Cardano began to blow when Toncoin, a cryptocurrency enjoy serious backing from Telegram, began to rise. As the Toncoin price rose, so did its market cap and in not time it was on its way to knocking a number of assets from their positions. After beating Do ..read more

In a recent interview with Fox on April 18th, Ripple CEO Brad Garlinghouse shared his insights on the crypto market, particularly weighing in on his recent forecast suggesting a doubling digital currency market size by 2024. In the interview, Garlinghouse also remained bullish on the long-term trajectory of the digital currency market despite recent market fluctuations, citing key factors such as the approval of spot BTC Exchange-Traded Funds (ETFs) and the upcoming Bitcoin Halving. He also emphasized the importance of regulatory clarity in driving market growth and expressed concern over US r ..read more

Kadan Stadelmann, the Chief Technology Officer (CTO) of Komodo, an open-source technology workshop, has raised concerns about the increasing centralization of the world’s largest cryptocurrency, Bitcoin. Stadelmann asserts that the rising centralization poses a threat to the fundamental principle of BTC as a decentralized digital currency.  Centralization Poses Existential Threat To Bitcoin According to Stadelmann, a worrying trend of centralization within the Bitcoin network could threaten the cryptocurrency’s decentralized identity. Citing the increasing concentration of mining pow ..read more

Shibarium, the layer-2 blockchain solution crafted by the creators of the Shiba Inu (SHIB) token, have unveiled a comprehensive update to its platform, promising enhanced performance and broader accessibility. This announcement was disseminated through the official Shibarium Network account on X, which emphasized significant user interface improvements and expanded wallet compatibility. Shiba Inu News: Shibarium Receives Major Upgrade A key feature of the new Shibarium update is its extensive support for multiple cryptocurrency wallets, reflecting a strategic move to accommodate a wider range ..read more

The digital gold rush is back on. With the next Bitcoin halving event just around the corner, excitement in the cryptocurrency world has reached a fever pitch. Google Trends data reveals a record-breaking surge in global searches for “Bitcoin halving,” with scores hitting an unprecedented 45 and analysts predicting a potential climb to a perfect 100 by the end of April. This unprecedented level of interest underscores the growing mainstream fascination with Bitcoin and the potential impact of this critical event. Bitcoin Halving: A Supply Squeeze In Action The primary purpose of the halving is ..read more

Cryptocurrency leader Bitcoin is in the limelight as Anthony Scaramucci, the founder of SkyBridge Capital, makes a daring forecast, envisioning BTC to reach an astounding $200,000 in the long run, as the digital asset continues to draw in investors from all around the world. Scaramucci Optimistic About Bitcoin Long-Term Growth SkyBridge Capital founder Anthony Scaramucci shared his insights regarding BTC’s long-term growth during a Thursday interview with Andrew Ross on CNBC’s Squawk Box. In the interview, Scaramucci delved into the early stages of Bitcoin adoption and how it could impact BTC ..read more