EddieJayonCrypto
14 Apr 24
Cryptocurrency Market • Bitcoin transaction fees surge due to high demand and Ordinals inscriptions. Bitcoin mining difficulty increases as hashrate nears all-time highs. Bitcoin emerges as the most popular blockchain for NFT trading. • Grayscale Bitcoin Trust outflows decrease, while Bitcoin option...
Cryptocurrency Market • Bitcoin transaction fees surge due to high demand and Ordinals inscriptions. Bitcoin mining difficulty increases as hashrate nears all-time highs. Bitcoin emerges as the most popular blockchain for NFT trading. • Grayscale Bitcoin Trust outflows decrease, while Bitcoin options expiration looms, potentially impacting market volatility. • Toncoin surges to become the 9th most valuable cryptocurrency. • Wormhole's native token experiences a significant price drop after its launch. • Chinese investment giants target Hong Kong for Bitcoin ETF approval. • Study finds a high percentage of meme coins on Coinbase's Base platform are vulnerable to scams.Regulation • SEC abruptly closes investigation into Dapper Labs, leaving questions unanswered. Uniswap Labs faces a lawsuit from the SEC over securities charges. • Senators propose groundbreaking stablecoin legislation. • Global oversight for stablecoins is urgently needed due to regulatory fragmentation. • SEC's stance on Proof of Stake creates uncertainty for Ethereum ETF approval. • Kraken delists Monero in Ireland and Belgium. • Binance's Head of Financial Crimes Compliance faces money laundering charges in Nigeria.DeFi (Decentralized Finance) • Uniswap Labs faces a lawsuit from the SEC over securities charges. • Following CEO resignation, Solana DeFi platform Marginfi experiences a withdrawal frenzy. • SushiSwap faces voter manipulation allegations over a proposal to centralize its treasury. • BCB Group consolidates its crypto custody operations onto Ripple-owned Metaco's platform. • Solana unveils a plan to address network congestion caused by an implementation bug.Stablecoins • Sony Bank ventures into developing a stablecoin pegged to fiat currencies. • Senators propose groundbreaking stablecoin legislation. • Global oversight for stablecoins is urgently needed due to regulatory fragmentation. • Circle introduces smart contract functionality for investors to swap real-world assets for USDC.NFTs (Non-Fungible Tokens) • Animoca Brands Japan plans to launch an NFT launchpad this summer. • Adidas partners with a crypto game to offer players exclusive access to digital clothing.Blockchain Technology Advancements • A gaming device with native Sui blockchain integration is set to launch in 2025. • Andreessen Horowitz unveils Jolt, a faster zero-knowledge virtual machine.BIS and central banks explore cross-border payments using tokenization.~Get the book!Crytpo Foundations for Building Multi-Generational Wealthhttps://www.amazon.com/Crypto-Foundations-Building-Multi-Generational-Wealth/dp/1733097422Join this channel to get access to perks:https://www.youtube.com/channel/UC3tSBR3SIcHPE-Rpy1Ek3Rw/joinJoin Grow My Bag social media:https://growmybag.tv/sign-up🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Grow My Bag. Grow My Bag may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.