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Bitcoinsensus
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CZ Burns $3.5M in Memecoins Sent to His Wallet—Here’s Why He Didn’t Cash Out
- Binance founder Changpeng Zhao burned over $3.5M worth of memecoins sent to his wallet by developers attempting to gain free promotion without impacting the market.
- The burns included $1.95M in Tutorial tokens and $1.65M in Broccoli-themed tokens inspired by Zhao's dog, fueled by meme-driven hype on BNB Chain.
- Zhao urged the crypto community to stop sending tokens to his address while maintaining credibility and stability in the market despite a potential personal gain opportunity.
- The move was aimed at avoiding market impact and showcasing Zhao's commitment to the crypto market's credibility and stability.
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TronWeekly
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Crypto ETP Inflows Reach $226 Million Despite Declining Market Capitalization
- Investor sentiment changed and cryptocurrency exchange-traded products (ETPs) attracted $226 million in inflows in the last week.
- Bitcoin investment products dominated the inflows, capturing $195 million, while altcoins attracted $33 million.
- Despite the inflows, total assets under management (AUM) for crypto ETPs dropped 5.7% to $133.9 billion, reflecting price challenges.
- The U.S. led the inflows with $204 million, while other regions like Switzerland and Germany also contributed.
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Stackexchange
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MULTISIG locking script without certain order of signatures
- To create and broadcast a MULTISIG transaction with no specific order of signatures, a different approach should be used.
- The OP_CHECKMULTISIG opcode in Bitcoin requires a specific order of signatures, which makes it challenging when the order does not matter.
- A suggested approach for this scenario is to use a custom script that validates the signatures in a flexible manner without a specific order.
- By using a combination of conditional statements and signature checks, the script can verify the required signatures of both the manager and employees.
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Bitcoinsensus
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Comprehensive Security & Efficiency Enhancement for Ethereum: Buterin Proposal
- Vitalik Buterin proposed a comprehensive security and efficiency enhancement for Ethereum L2.
- The proposal focuses on three main directions: more space for data (blobs), achieving fast finality through hybrid short-term proof systems, and creating standard proof aggregation layers.
- Key projects mentioned include Pectra, aiming for a limit of 6 blobs, and Fusaka, aiming for a limit of 72 blobs.
- The proposal aims to improve scalability, network integrity, and security in order to compete with other efficient and scalable networks.
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Bitcoinsensus
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Market Watch: Key Events This Week That Could Affect Crypto
- U.S. Chicago PMI surprises with improvement, while Germany’s CPI remains steady, indicating mixed inflationary pressures.
- Trump’s announcement of “Liberation Day” tariffs sparks concerns of global trade wars and market uncertainty.
- Key U.S. economic indicators and labor data could impact monetary policy and stocks, affecting cryptocurrencies as well.
- The upcoming events in the cryptocurrency market include data reports influencing the Fed’s interest rate decision and Trump’s announcement on April 2nd.
- The U.S. Chicago PMI showed an unexpected improvement with a reading of 47.6, hinting at a potential manufacturing sector recovery.
- Germany's monthly CPI met expectations at 0.3%, indicating less impact from global inflation concerns at present.
- Tuesday will bring crucial economic indicators from the Eurozone and the U.S., providing insights into manufacturing and inflation trends.
- Wednesday marks Trump's potential initiation of tariffs on foreign exports, leading to market uncertainty and potential economic impacts.
- Crypto markets are likely to experience volatility on Wednesday due to macroeconomic events, with potential for both negative reactions and slight growth.
- Thursday will focus on U.S. Jobless Claims and the Services sector, while energy markets observe Crude Oil Inventories.
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TronWeekly
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Bitcoin ETF Inflows Crash 73%—Is Institutional Confidence Fading Fast?
- Inflows in the spot Bitcoin ETF market declined by 73.6% over the week, dropping to $196.48 million from $744.35 million.
- A $93.16 million outflow on March 28 ended a 10-day ETF inflow streak.
- BlackRock's IBIT and Fidelity's FBTC continued to dominate the Bitcoin ETF market segment, attracting substantial capital each week.
- Institutions, like Metaplanet, are investing in Bitcoin through alternative strategies and long-term approaches, despite the weakening ETF flow patterns.
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Bitcoinsensus
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Significant Bitcoin Dips Purchase: Strategy Bought ~$2B Worth of Bitcoin
- Michael Saylor’s Strategy purchased 22,048 BTC worth ~$2B and now owns 528,185 BTC.
- The average price of their Bitcoin purchases is ~$67,458.
- The substantial Bitcoin dip purchases carry risks, potentially impacting the Bitcoin price.
- The purchase is seen as an optimistic signal, but caution is advised.
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TronWeekly
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Trump Sons to Lead New Bitcoin Mining Venture with Hut 8 Partnership
- Hut 8 Mining Corp. has acquired the majority ownership of American Bitcoin, with Donald Trump Jr. and Eric Trump holding a 20% stake.
- Hut 8 transferred 61,000 mining units to American Bitcoin to expand its global operations.
- The Trump family expands its crypto ventures, including mining, stablecoins, and DeFi projects.
- American Bitcoin aims to become one of the world's largest mining operations, backed by the Trump family and supported by Hut 8.
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Coin Telegraph
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Crypto PAC-supported candidates make a final push to Florida voters
- Two Republican candidates supported by at least a combined $1.5 million in media spending from a cryptocurrency-backed political action committee (PAC) are making final pleas to voters turning out for special elections in Florida congressional districts.
- The Defend American Jobs PAC has spent a combined $1.5 million on media for Republicans running against Democrats in Florida’s 1st and 6th congressional districts.
- Democrats Valimont and Weil have raised significantly more funds as of March compared to the Republicans Patronis and Fine.
- Cryptocurrency-related legislation being considered in Congress might be impacted by the outcome of the special elections, as well as the future influence of cryptocurrency-backed PACs.
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Newsbtc
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Pepe Whale Triggers Panic, Dumps 150 Billion Tokens As Price Falls
- A big player in the world of Pepe coin cashed out 150 billion tokens, causing the price to wobble.
- The investor initially spent $2,184 to buy 1.5 trillion Pepe tokens and has already made a profit of $6.66 million.
- The news of the large sale affected the price of Pepe, resulting in a drop of about 4.59%.
- Technical indicators suggest a downward trend for Pepe, with the possibility of a further 20% drop if it remains below $0.0000075.
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Coin Telegraph
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4 key Bitcoin metrics suggest $80K BTC price is a discount
- Bitcoin (BTC) price dropped from $87,241 to $81,331 between March 28 and March 31, erasing gains from the previous 17 days.
- Four key indicators point to strong investor confidence and potential signs of Bitcoin decoupling from traditional markets in the near future.
- Bitcoin metrics show strength, with an increase in mining hashrate and reduced flow of coins to exchanges.
- Cryptocurrency exchanges' reserves dropped to their lowest levels in over six years, indicating investors' inclination to hold.
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Cryptopotato
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Hut 8 Transfers ASIC Miners to Launch American Bitcoin with Trump Family Backing
- Hut 8 Corp. has launched American Bitcoin Corp, a majority-owned subsidiary for industrial-scale Bitcoin mining and reserve development.
- Hut 8 contributed nearly all of its ASIC miners to American Data Centers, Inc. in exchange for a majority stake, rebranding the company as American Bitcoin.
- American Bitcoin Corp will handle all Bitcoin mining operations previously under Hut 8's Compute segment, with results being consolidated into Hut 8's financial reports.
- The Trump family, including Eric Trump and Donald Trump Jr., is backing American Bitcoin, with a focus on becoming the largest Bitcoin miner globally and creating a strategic Bitcoin reserve.
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Crypto-News-Flash
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Bitcoin at the White House? Trump-Bukele Meeting Fuels Crypto Buzz
- El Salvador's President Nayib Bukele potentially visits the White House to deepen U.S.-El Salvador ties.
- The meeting is driven by Bitcoin policy and border cooperation between the two countries.
- The visit follows a $6 million deportation deal between El Salvador and the U.S.
- President Bukele's Bitcoin-related initiatives, including the creation of a U.S. Strategic Bitcoin Reserve and the Bitcoin City project, are expected to be discussed.
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Livebitcoinnews
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Circle Moves Closer to IPO with Banking Giants
- Circle, the issuer of the USDC stablecoin, is advancing with its IPO plans.
- JPMorgan and Citi are the underwriters for the IPO.
- Circle plans to publicly disclose IPO details after a secret January 2024 filing.
- The upcoming IPO takes advantage of the rising IPO market activity and is expected to assess Circle's worth between $4 billion and $5 billion.
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