This is how Cleanspark will play the halving…
The halving could be tough on a lot of Bitcoin mining companies…
Look out for a squeeze on smaller miners, leading to centralization…
Here is what you need to know about the bitcoin halving…
Price action on Friday shows a tendency towards the bigger miners. Could this be a foreshadow of traders interests for the future?
Crypto Corner
Tether aims to enhance peer-to-peer payments on Telegram by extending its dollar and gold stablecoins to the TON network, which has experienced notable expansion driven by incentives for Telegram user adoption.
After securing a VASP license in Dubai, Binance announces the launch of its token drop platform, Megadrop.
India’s Enforcement Directorate (ED) is investigating a Bollywood star in connection with an $800 million cryptocurrency Ponzi scheme.
Cryptocurrency-focused service providers in Canada will face stricter regulatory mandates following the introduction of new laws in the nation’s 2024 federal budget.
CoinGecko reports that the cryptocurrency market capitalization surged by 64% in the first quarter of the year.
NFT Spotlight
NFT of the week: Proscenium #107
XRP Ledger (XRPL) NFTs are poised to be featured in a large-scale event projected to draw the attention of 28 million individuals.
Yuga Labs has initiated the burning of Ethereum gaming NFTs, totaling nearly $1 million in value, as part of a strategic move.
Magic Eden surged ahead of Blur to claim the top spot as the leading NFT marketplace in March, driven by its Diamond reward program and support for creator royalties, according to CoinGecko.
“The supply of Bitcoin is going through a true supply shock with the halving. Programmatically coded, the amount of bitcoin capable of being mined is cut in half on April 19th. And we, as believers in Bitcoin, foresee the decrease in supply to impact price in a very positive way” - My friend, Andrew
Bitcoin Buzz
As market activity slows, Bitcoin longs trigger $247 million in liquidations.
As the halving approaches, the average fee on the Bitcoin network surged to $19.48.
According to reports from Glassnode and Coinbase, Bitcoin continues to follow a unique market trajectory, displaying low correlation with the S&P 500 and a negative correlation with the DXY.
Bitcoin Miners’ Marvels
The Arkansas State House has passed two bills aimed at restricting crypto mining operations, sparking renewed attention to the industry's regulations and operations in the state.
Swedish authorities have uncovered 18 data centers secretly engaged in cryptocurrency mining activities, shedding light on illicit operations in the country.
A recent analysis reveals common transaction patterns shared among multiple Bitcoin mining pools, shedding light on the network's operational dynamics.
Quote Of The Week:
“Never let the fear of striking out keep you from playing the game."– Babe Ruth
Thanks for joining in. Have an amazing weekend!