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Current news from the world of cryptocurrencies and market analysis. Read us and have up-to-date information! We are open for cooperation: https://t.me/kryptoadv
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Magic Eden confidently holds the first place among NFT marketplaces.

🏑 Magic Eden's share has steadily increased, reaching 53% over the past month, while over a six-month period, it stands at 38%.

🌊 OpenSea was the leader a year ago but is now in second place with a significant lag, at only 22%.

🀷 Tensor has also lost ground in its positions. OKX's share has remained almost unchanged - 7%.
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Bitcoin users incurred a record $2.4 million in fees on the halving block.

πŸ“° The 2024 Bitcoin halving event marked a historic milestone with block 840,000 becoming the priciest ever mined, largely due to the frenzy surrounding the newly launched πŸ—ΏRunes Protocol.

⏹ This block, mined by ViaBTC at 12:09 am UTC on April 20, recorded users paying πŸ’°a total of 37.7 Bitcoin (BTC) in fees, valued at approximately $2.4 million, to secure space on this block.

The halving itself reduced ⬇️ the mining reward from 6.25 BTC to 3.125 BTC per block. Including the mining subsidy, the total payment to ViaBTC for this block amounted to 40.7 BTC, or around $2.6 million.

🀘 The surge in fees was driven by degens eager to inscribe rare assets using the Runes Protocol, introduced concurrently with the halving.
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Bitcoin average transaction fee began to decline

πŸ’Έ Transaction fees on the BTC network have begun to recover β€” on April 20, fees reached a record $128.5, but currently, the fees in the network of the first cryptocurrency have decreased ⬇️ to $35.

The increase in fees accompanied the launch of the πŸ—ΏRunes protocol, which allows for the creation of tokens on the Bitcoin network.
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ZKasino faced allegations of misappropriating $33 million in user funds

πŸ§‘β€πŸ’» Developers at blockchain-based ZKasino redirected 10,515 ETH, valued at $33.9 million, to the Lido staking protocol rather than reimbursing users and investors as initially promised.πŸ™€

🏦 This Ethereum was originally deposited by early participants via the ZKAS pharma native token bridge, with assurances from the project team that the assets could be retrieved.

However, on April 20, ZKasino issued a πŸ“ statement announcing the network's launch along with revisions to the initial plan. According to the announcement, all the received ETH was supposedly ➑️ converted to ZKAS tokens at a discounted rate of $0.055 subject to a 15-month vesting period.

βœ”οΈ Additionally, the developers modified the initial terms on their website, omitting previous references to returning ETH.
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The Fed's delayed rate cut led to new outflows from crypto funds.

According to CoinShares, cryptocurrency investment products saw $206 million ⬇️ in outflows from April 13 to 19, up from $126 million the previous week. This πŸ“‰trend is linked to concerns about the Fed's high interest rate policy. The report noted a decrease in investor πŸ™ interest in ETP/ETFs, expecting prolonged high rates.

Bitcoin-related withdrawals totaled $192 million, up from $110 million, while instruments for shorting Bitcoin saw a $0.3 million loss, a shift ➑️ from previous inflows of $1.7 million. Ethereum funds experienced increased outflows, rising from $28.7 million to $34.2 million 🀷, marking a continued six-week negative trend. However, Litecoin and Chainlink-based products attracted πŸ’ͺ $3.2 million and $1.7 million, respectively.
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An expert has issued a warning about a possible profitability crisis facing EigenLayer

DEX πŸ§‘β€πŸ’»developer 3Jane, also known as Chudnov, has stated that EigenLayer's liquid staking tokens need to offer more utility within theπŸ’° DeFi sector to prevent a future profitability crisis for the protocol.

Chudnov πŸ‘€ observed that EigenLayer is experiencing faster growth in terms of Total Value Locked (TVL) compared to the active validation services (AVS) it supports, which could significantly reduce the protocol’s projected profitability.

The expert also πŸ”† highlighted that a decline in altcoin prices could worsen the situation, as AVS would not be motivated to hold surplus capital on-chain. A temporary πŸ”¨ fix could involve launching additional tokens to bolster budget security, but this would merely postpone addressing the core issue.

Chudnov πŸ€” recommends enhancing the utility of LST tokens and fostering deeper integration with the decentralized finance sector as a long-term solution.
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The developers suggested launching the Celo network based on Optimism

cLabs, the developer of Celo blockchain, is 🧳 transitioning to Ethereum's second layer using Optimism's OP Stack, aiming to enhance functionality and efficiency.

This decision, made on the blockchain's πŸŽ‰ fourth anniversary, follows extensive testing of multiple stacks and a unanimous community vote. OP Stack will enable single block finalization, ⬇️reduced fees, use of ERC-20 tokens for gas, and πŸ’΅ fund transfers via SocialConnect.

It also supports the Ultragreen Money 🍏 eco-campaign. This migration promises to halve the block creation time to two seconds and boost throughput by 50%, bolstering security through integration with Ethereum. cLabs plans to vote on this✈️ migration with the community on May 2, with the CEL2 test network launch expected this πŸ–summer.
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The crypto community believes in the inevitable start of the altcoin season... Historically, a global crypto market pump has occurred AFTER the halving, not BEFORE.

πŸ‘€ Looks like we've reached point 3. Are you ready for a blast? πŸš€
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Thailand will block unauthorized cryptocurrency platforms

πŸ‡ΉπŸ‡­ Thailand's Securities and Exchange Commission (SEC) has announced its crackdown on unauthorized cryptocurrency platforms.

The SEC will share πŸ“‚details of these platforms with higher authorities to facilitate their blocking. This directive, outlined on the regulator's website, follows a decision made during an April 19 meeting of the government's committee dedicated to preventing technology-related πŸš” crimes.

πŸ”¨ Once approved by the court, the Ministry of Digital Economy and Society will implement local access restrictions. In light of this development, the SEC has urged local users to πŸ“΄ withdraw their assets from such platforms promptly.

The SEC emphasizes that blocking these platforms will aid law enforcement efforts in curbing criminal activities like money laundering, which exploit these unregulated channels.🧐
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Notcoin's launch was delayed due to technical limitations

🚫 Notcoin co-creator Sasha Plotvinov revealed in a recent interview at Token 2049 that the $NOT token launch, initially slated for around April 20, has been postponed due to a very large πŸ‘€ number of users.

The team cited the need for additional πŸ• time to ensure a smooth launch process, considering the anticipated high demand from millions of πŸ“± players.

πŸ‘†Despite the delay, Plotvinov assured that the launch is imminent, with a new target set for the πŸ‘ end of this month.
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The winner of "Crypto: The Game" donated the prize to the Tornado Cash developers

πŸ₯‡ The winner of the second season of "Crypto: The Game," who goes by the pseudonym Player 733, donated his prize of 71.8 ETH (valued at approximately $210,000 at the time) to Tornado Cash developers Oleksiy Pertsev and Roman Storm.

In August 2022, the πŸ‡ΊπŸ‡Έ U.S. Office of Foreign Assets Control (OFAC) placed Tornado Cash on its blacklist for facilitating the 🧺 laundering of over $7 billion in criminal proceeds.

During that month, Oleksiy Pertsev was detained, but his detention status was modified to 🏘 house arrest in April 2023.

πŸŒͺ Tornado Cash co-founders, Roman Storm and Roman Semenov, faced charges in the U.S. for money laundering and breaching sanctions. Storm was released on bail, while Semenov remained free but under sanctions.

As of January 2024, Storm and Pertsev began raising $1.5 million for legal fees through the newly established JusticeDAO fund, receiving substantial support from the cryptocurrency community.
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Whales "forgot" about millions of dollars worth of crypto-assets in cross-bridges

Millions of πŸ’² in tokens remain unclaimed in contracts associated with cross-chain bridges, according to experts at Arkham Intelligence.

πŸ§‘β€πŸ’» The researchers identified several addresses belonging to major players in the DeFi and NFT sectors, and possibly to Ethereum co-founder Vitalik Buterin. He sent 50 $ETH ($1.05 million) to an address whose owner has not moved them from the Optimism bridge for seven months.

😳 Around 27 $WBTC ($1.8 million) are also stored on an Ethereum address linked to Bofur Capital and have not been moved from the Arbitrum bridge for over two years.

Experts πŸ‘† explained that unlike cross-chain bridges like Hop, where users automatically receive their funds in another network, in many other cases, users need to manually claim their assets.

If a user πŸ™ˆ forgets to do this, the smart contract does not have the capability to remind them, potentially leading to situations where crypto remain unclaimed.
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New bitcoin whales double the old ones!

Investments in Bitcoin by new 🐳 whales have almost doubled those of the old major players. These estimates were shared by Ki Young Ju, CEO of CryptoQuant.

The 🧐 expert categorized as whale addresses those not associated with CEXs and miners, with a balance of over πŸ’ͺ 1000 BTC. Owners of coins "younger" than 155 days fall into the "new" category, while the "old" ones exceed this term.
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πŸ™€ Nubank, the largest digital bank in πŸ‡§πŸ‡·Brazil, has enabled the option to withdraw and deposit funds in #BTC, #ETH, #SOL!

πŸ”œ They promise to soon add support for deposits in other altcoins as well.
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The mining pool ViaBTC has auctioned off an "epic satoshi"

The πŸ₯‡first satoshi (sat) from a halving block, which is categorized as "epic" due to its rarity, was put up for auction. This block #800,400 was mined by the ViaBTC pool on April 20.

πŸ”¨ The auction is organized in partnership with CoinEx and will conclude on April 26. Bids are accepted in Bitcoin, and each subsequent bid must ⬆️ exceed the previous one by at least 5%.

Currently, the highest bid stands at 2.5 BTC (~$167,400).
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The SEC delays decision on Franklin Templeton's spot Ethereum ETF

The πŸ‡ΊπŸ‡Έ U.S. Securities and Exchange Commission (SEC) has prolonged the evaluation period for the application by investment firm Franklin Templeton to introduce a spot Ethereum-based ETF, as reported on the agency's website.

πŸ—’ The revised deadline is set for June 11. By this date, the SEC is required to either approve or deny the application for the new product.

βœ”οΈEarlier, the SEC had similarly extended the review timelines for comparable applications from BlackRock and Fidelity.
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Tether commits to freezing assets as Venezuela turns to cryptocurrency to evade oil sanctions

πŸ’΅ Tether has committed to blocking payments to OFAC-sanctioned entities after reports that πŸ‡»πŸ‡ͺ Venezuela's state oil company, PDVSA, has been using its USDT stablecoin to circumvent U.S. sanctions.

➑️ This move comes in response to a Reuters report highlighting PDVSA's use of cryptocurrencies to facilitate oil and fuel exports amid renewed πŸ‡ΊπŸ‡Έ U.S. sanctions.

πŸ‘€ These sanctions, reintroduced due to Venezuela's lack of electoral reforms, require PDVSA's international customers and suppliers to cease transactions by May 31.

βœ”οΈAs a result, PDVSA has shifted its oil sales to USDT to prevent its funds from being frozen in international accounts.
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The Central Bank of Nigeria has directed banks to suspend the accounts of clients associated with Binance, Bybit, KuCoin, and OKX.

πŸ‡³πŸ‡¬ The Central Bank of Nigeria (CBN) has instructed local financial institutions to identify and freeze the accounts of individuals or entities engaged in transactions with cryptocurrency exchanges for a period of six months, according to a circular cited by Cointelegraph.

😳 Bybit, KuCoin, OKX, and Binance were included in the list by the CBN as they lack licenses to operate in Nigeria.

πŸ‘† Additionally, the regulator plans to closely monitor USDT transactions on peer-to-peer platforms and aid in apprehending those illicitly involved with cryptocurrency exchanges.

βœ”οΈ CBN has announced a ban on regulated financial institutions from dealing with cryptocurrency and facilitating exchange transactions.

Previously, since December 2023, 🏦 banks were permitted to provide services to cryptocurrency companies, including opening accounts and offering settlement services.
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Lido investors withdrew $2.5 billion worth of Ether

Lido, a major player in Ethereum's staking market, 🧐 faced a significant setback recently. Investors withdrew a staggering $2.5 billion worth of Ether, marking a decline in Lido's dominance.

πŸ™€ Over 800,000 Ether has been pulled out since March 1, making it the largest outflow among staking services. Lido's market share dropped from 32% in November to below 29%, signaling a ➑️shift in the landscape.

πŸ‘€ This decline may please decentralization advocates who caution against any single entity gaining too much control over Ethereum.

Lido, a πŸ•‹cornerstone of decentralized finance (DeFi), has seen over $30 billion deposited into its platform. Its staking token, stETH, is widely used across DeFi as collateral. This withdrawal from Lido underscores the πŸŒͺ dynamic nature of the crypto market and the importance of decentralization.
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U.S. prosecutors have sought a 36-month incarceration for Changpeng Zhao

Changpeng Zhao, the founder and former CEO of Binance, is facing a 36-month prison term after admitting guilt in breaching 🧺 anti-money laundering regulations, as stated in a plea by U.S. prosecutors.

🀷 This sentence is slightly lighter than initially sought, with prosecutors previously aiming for a more severe punishment of up to 10 years.

Changpeng Zhao expressed remorse for his 😳 "poor decisions" and accepted "full responsibility" for his actions in a letter addressed to the judge.
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Transaction fees on the TON network have been reduced by 2.5 times

πŸ§‘β€πŸ’» Developers of the blockchain The Open Network (TON) have announced a 2.5-fold ⬇️ reduction in transaction fees within the network. This decision was approved by the validators.

βœ”οΈ The size of transaction costs will change depending on the cost of the native token in US dollars. At a price of 1 $TON at $7, the fee for the first transaction with Jettons will be ~$0.06, and for subsequent ones β€” ~$0.04.

πŸ‘ Additionally, starting from April 16, there is a special discount on transactions with USDT based on $TON: 0.02 $TON instead of 0.032 $TON for the first transaction and 0.0145 $TON for subsequent ones.

πŸ‘€ Currently, Toncoin is trading at $5.5, having decreased by 6.5% over the past 24 hours.
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