💰 Bitcoin Layer 2 Tokens Outperform BTC Post-Halving

Bitcoin layer 2 solution tokens have demonstrated superior performance to BTC following the highly anticipated halving of the mining reward on the blockchain. Since the event, these tokens have surged by 5% to 20%, outpacing the top crypto by market cap. According to CoinGecko data, the market cap for Bitcoin layer 2 solutions is $4.3 billion, marking a 5.6% increase in the past 24 hours. Meanwhile, the trading volume is $184 million.

Source

Coin | Trading | News

💰 Bitcoin transaction fees surge to make up 75% of miner revenue post-halving

Bitcoin’s fourth halving introduced a long-term and a short-term shift in miner revenue composition as it reduced the amount of BTC rewarded to miners for each mined block by 50% — directly impacting miner incentives and, by extension, the broader Bitcoin economy. On April 19, just before the halving, transaction fees constituted 11% of total.

Source

Coin | Trading | News

🇸🇻 El Salvador 💰 bitcoin wallet suffers source code, VPN access leak

El Salvador's bitcoin wallet has suffered a security breach, marking the latest attack on its national crypto program. Cybercriminal group CiberInteligenciaSV leaked on Tuesday snippets of the wallet's source code and VPN access information on an online hacking forum. The exploit marks one of the latest attacks against El Salvador’s official Chivo Wallet for bitcoin, which have plagued the program as the prices of some cryptocurrencies sail to two-year highs.

Source

Coin | Trading | News

🪙 Tether Will Freeze Venezuelan Wallets Being Used to Evade US Sanctions

Tether has announced that all wallets associated with Venezuela’s attempts to bypass U.S. sanctions on oil exports will be frozen. The decision follows recent reports indicating an increased use of Tether’s USDT by Venezuela’s state-run oil company, PDVSA, to avoid sanctions imposed by the United States. According to a Reuters report, Venezuela’s state-run oil company, PDVSA, transitioned to using Tether’s USDT after facing renewed sanctions on its oil exports.

Source

Coin | Trading | News

🪙 Ether spot ETF approval seen as increasingly doubtful by industry professionals: Reuters

U.S. Securities and Exchange Commission will approve spot ether exchange-traded funds in May, according to a Thursday report from Reuters — which claims that industry sources expect the SEC to deny applications to launch spot ether ETFs in May after U.S. issuers and other firms had discouraging meetings with the agency in recent weeks.

Source

Coin | Trading | News

✅ Welcome to Coin Trading News!

Stay at the forefront of the crypto market. Follow us for the latest news, expert insights, and comprehensive analysis on Bitcoin and the entire cryptocurrency market. Our focus is on providing valuable trading news, fundamental analysis, and technical analysis to keep you informed and
ahead.


🔗 Channel Link

Make sure you’re always updated. Share our channel with fellow crypto enthusiasts: https://t.me/Coin_Trading_News



⌨️ Contact Our Admin

For inquiries, suggestions, or any crypto discussions, feel free to contact our admin: @nftmaxcoll


✅ Our Partner Channels

Expand your crypto knowledge and stay updated with our partner channels:

1. DeFi, Trading, NFTs & Metaverse: Dive into the world of decentralized finance, NFTs, and the Metaverse: https://t.me/Defi_Trading_Nfts_Metaverse

2. Bitcoin & Altcoin Crypto News: Get comprehensive news on Bitcoin and Altcoins: https://t.me/BitcoinAltcoinCryptoNews

3. Financial World Updates: Stay informed with the latest updates in the broader financial world: https://t.me/FinancialWorldUpdates


Stay informed, stay profitable!

🇺🇸 Consensys sues SEC, seeks court declaration that 🪙 Ethereum is not a security

Consensys filed a lawsuit against the US Securities and Exchange Commission (SEC) on April 25 over allegations that the watchdog has overstepped in its authority in trying to regulate Ethereum (ETH). The lawsuit alleges that the SEC aims to unlawfully regulate Ethereum through enforcement actions against various companies, including Consensys, constituting “aggressive and unlawful” overreach. Consensys intends to prove that the SEC does not have legal authority to regulate ETH, user-controlled software interfaces, or the Ethereum blockchain more broadly.

Source

Coin | Trading | News

💰 Bitcoin Cannot Grow Without the Spot Bitcoin ETFs: Report

Spot Bitcoin ETFs have been a major catalyst in driving BTC to establish an all-time high months before its fourth halving. According to a new report by Ecoinometrics, Bitcoin cannot grow further without those products. These funds appear to have “stopped accumulating coins” (in aggregate) for more than a month, which can be a cause of concern for the leading asset’s future price trajectory.

Source

Coin | Trading | News

💰 Internet Computer founder says crypto has 'snake-oil’ problem

Dfinity Foundation's Dominic Williams doesn't pull any punches when asked to give his thoughts on the world of crypto and blockchain, an area he's been working in for roughly a decade. "It's gotten to a place where people actually invest in snake oil. Like, 'who's got the best snake oil, I'm going to invest in that because their marketing is better,'" Williams recently told The Block. "Today there's a lot of confusion and people are just buying into these narratives.

Source

Coin | Trading | News

💰 Bernstein says slowing Bitcoin ETF flows are a 'short-term pause,' maintains $150,000 price target

Analysts at research and brokerage firm Bernstein aren’t worried about the slowing spot bitcoin exchange-traded fund flows, expecting the trend to be a “short-term pause” before bitcoin resumes its bull run toward their $150,000 target by the end of 2025. “Bitcoin ETF flows have slowed down, with the ‘halving’ catalyst and successful ETF launch, pulling forward returns YTD (up 46%),” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Monday.

Source

Coin | Trading | News

💰 MicroStrategy buys 122 BTC in April to bring total holdings to 214,400 BTC

Michael Saylor's firm MicroStrategy released Monday new figures on its bitcoin holdings, alongside its first-quarter 2024 earnings report. The firm holds a total of 214,400 bitcoin valued at $7.54 billion overall, or $35,180 per token, the quarterly report notes. Since the end of the fourth quarter, the firm bought 25,250 bitcoin for $1.65 billion at $65,232 per BTC. Saylor noted in a social media post that the firm acquired an additional 122 BTC for $7.8 million in April.

Source

Coin | Trading | News

🇺🇸 US 💰 Bitcoin ETFs record fourth consecutive trading day of outflows

According to the latest data from Farside Investors, April 29 saw an outflow of $51.6 million from US Bitcoin ETFs, marking the fourth consecutive trading day of outflows. While this figure does not represent the lowest outflow during this period, it highlights the prevailing market sentiment. Grayscale’s GBTC product witnessed an outflow of $24.7 million, the lowest since April 10, bringing its total outflows to $17,209.3 billion.

Source

Coin | Trading | News

🪙 Tether sees record net profit of over $4.5 billion in first quarter of 2024

Tether's attestation for the first quarter of 2024 revealed the firm made a net profit of $4.52 billion, saw its highest-ever percentage ownership of Treasury bills and had total net equity exceeding $11.3 billion. On Tuesday, Tether Holdings Limited released its assurance opinion for the first quarter of 2024, which detailed $1 billion in profit from the group's entities in charge of issuing stablecoins and managing their respective reserves.

Source

Coin | Trading | News

📊 JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets

JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin, and gold.

Source

Coin | Trading | News