Bitcoin recently dropped from $71k to $61K.
If the correction persists, keep an eye on key metrics like traders' unrealized profit margins and the realized price.
These have signaled weakness since late March.
#NekoNews @OriNeko
If the correction persists, keep an eye on key metrics like traders' unrealized profit margins and the realized price.
These have signaled weakness since late March.
#NekoNews @OriNeko
SSV Network to Deprecate Goerli Testnet on April 18th
SSV Network has announced that it will be discontinuing support for the Goerli testnet on April 18th. This move is part of the transition to the Holesky testnet. Refer to the official tweet by SSV
📈 Neko Forecasting $SSV for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
SSV Network has announced that it will be discontinuing support for the Goerli testnet on April 18th. This move is part of the transition to the Holesky testnet. Refer to the official tweet by SSV
#NekoChart @OriNeko
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PAXG hit new high on Middle East tensions, raising questions about Bitcoin
A gold-backed digital asset from Paxos spiked to an all-time high over the weekend amid a backdrop of rising tensions in the Middle East, leading to some questioning Bitcoin's value as a geopolitical hedge. The PAXG gold-backed crypto token hit $2,855 on April 13 as Bitcoin prices conversely tanked $5,000 in a matter of hours from over $67,500 to bottom out at around $62,700 in a 7.5% daily rout, according to data from CoinGecko.
The PAXG token could not sustain momentum, however, and retreated to its previous spot gold-linked price level of around $2,376 at the time of writing.The asset has made slow and steady progress since the beginning of March, rising 20% in tandem with prices of the underlying precious yellow metal, which hit a peak of $2,400 per ounce last week.
#NekoNews @OriNeko
A gold-backed digital asset from Paxos spiked to an all-time high over the weekend amid a backdrop of rising tensions in the Middle East, leading to some questioning Bitcoin's value as a geopolitical hedge. The PAXG gold-backed crypto token hit $2,855 on April 13 as Bitcoin prices conversely tanked $5,000 in a matter of hours from over $67,500 to bottom out at around $62,700 in a 7.5% daily rout, according to data from CoinGecko.
The PAXG token could not sustain momentum, however, and retreated to its previous spot gold-linked price level of around $2,376 at the time of writing.The asset has made slow and steady progress since the beginning of March, rising 20% in tandem with prices of the underlying precious yellow metal, which hit a peak of $2,400 per ounce last week.
#NekoNews @OriNeko
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Filecoin to Participate in LabWeekPG in San Francisco on April 16th
Filecoin is set to participate in the decentralized conference, LabWeekPG, in San Francisco from April 11 to April 16. The event will feature a variety of curated activities, providing an opportunity for attendees to engage in diverse discussions and sessions.
📈 Neko Forecasting $FILL for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
Filecoin is set to participate in the decentralized conference, LabWeekPG, in San Francisco from April 11 to April 16. The event will feature a variety of curated activities, providing an opportunity for attendees to engage in diverse discussions and sessions.
#NekoChart @OriNeko
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German Banks Welcome Crypto Custody
Germany's largest federal bank, Landesbank Baden-Württemberg (LBBW), has partnered with crypto exchange Bitpanda to provide cryptocurrency custody services. This move comes in response to the growing demand for digital assets among their account holders.
The service will be available to corporate and institutional clients starting in the second half of 2024.
Similarly, Deutsche Bank is also developing its own custodial service for digital assets.
#NekoNews @OriNeko
Germany's largest federal bank, Landesbank Baden-Württemberg (LBBW), has partnered with crypto exchange Bitpanda to provide cryptocurrency custody services. This move comes in response to the growing demand for digital assets among their account holders.
The service will be available to corporate and institutional clients starting in the second half of 2024.
Similarly, Deutsche Bank is also developing its own custodial service for digital assets.
#NekoNews @OriNeko
Base asset tokenization protocol loses $1.7M due to private key leak
Real-world asset tokenization protocol Grand Base (GB), which operates on Coinbase’s native layer-2 blockchain, has suffered $1.7 million in losses after a private key compromise.
"On April 15 at 03:01:27 AM +UTC, an exploit happened on our contracts,” wrote an admin in the protocol’s Telegram chat. “For this specific reason, we urge all our community members to stay away from this contract as it is not safe anymore.”
According to blockchain analytics firm PeckShield, the private key leak resulted in the theft of $1.7 million in tokens from its liquidity pools, which have since been swapped on-chain for Ether and sent to an external address. Simultaneously, the protocol’s native token lost 99% of its value within the past 24 hours due to the incident.
#NekoNews @OriNeko
Real-world asset tokenization protocol Grand Base (GB), which operates on Coinbase’s native layer-2 blockchain, has suffered $1.7 million in losses after a private key compromise.
"On April 15 at 03:01:27 AM +UTC, an exploit happened on our contracts,” wrote an admin in the protocol’s Telegram chat. “For this specific reason, we urge all our community members to stay away from this contract as it is not safe anymore.”
According to blockchain analytics firm PeckShield, the private key leak resulted in the theft of $1.7 million in tokens from its liquidity pools, which have since been swapped on-chain for Ether and sent to an external address. Simultaneously, the protocol’s native token lost 99% of its value within the past 24 hours due to the incident.
#NekoNews @OriNeko
STEPN has a partnership with Adidas and Solana
The Move2Earn project STEPN has formed a partnership with Adidas and the Solana blockchain. This collaboration is set to roll out several exciting rewards for its users.
For instance, the first event will be a raffle of 1,000 NFT sneakers.
Priority for winning will be given to users on the whitelist, such as NFT owners and those with OG status, among others.
📈 Neko Forecasting $GMT for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
The Move2Earn project STEPN has formed a partnership with Adidas and the Solana blockchain. This collaboration is set to roll out several exciting rewards for its users.
For instance, the first event will be a raffle of 1,000 NFT sneakers.
Priority for winning will be given to users on the whitelist, such as NFT owners and those with OG status, among others.
#NekoChart @OriNeko
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Telegram's Ton Coin Overtakes Dogecoin as Top 8 based on Market Capitalization.
Even though we rarely hear about Ton Coin, it suddenly ranked in the top 10 and even overtook Dogecoin with a current market capitalization of $22.4 Billion.
Follow @OriNeko for more crypto updates. Join📷 our Instagram to get free market insights
#Neko101 @OriNeko
Even though we rarely hear about Ton Coin, it suddenly ranked in the top 10 and even overtook Dogecoin with a current market capitalization of $22.4 Billion.
Follow @OriNeko for more crypto updates. Join
#Neko101 @OriNeko
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Attention iOS Users!
Trust Wallet has alerted about a potential high-risk zero-day exploit targeting iMessage that could impact not just cryptocurrency wallet users but the entire crypto community.
This alarming information was initially discovered on the Dark Web, where a hacker claimed to have the ability to exploit this vulnerability. Trust Wallet has since confirmed these claims as credible.
To protect your device, it is recommended to disable this feature immediately. Simply go to your settings, select Messages, and turn off your iMessage.
#NekoNews @OriNeko
Trust Wallet has alerted about a potential high-risk zero-day exploit targeting iMessage that could impact not just cryptocurrency wallet users but the entire crypto community.
This alarming information was initially discovered on the Dark Web, where a hacker claimed to have the ability to exploit this vulnerability. Trust Wallet has since confirmed these claims as credible.
To protect your device, it is recommended to disable this feature immediately. Simply go to your settings, select Messages, and turn off your iMessage.
#NekoNews @OriNeko
UK Trials Blockchain for Banking Sector
The UK is experimenting with a specialized distributed ledger for maintaining financial records and monitoring transactions.
This pilot program, spearheaded by UK Finance—a consortium of British banks and financial service providers, aims to develop a commercial blockchain system for tokenized securities and deposits.
Participating in the trial are major banks including Barclays Plc, Lloyds Banking Group Plc, and Citigroup Inc., along with payment giants Mastercard and Visa. The blockchain technology for the test is being provided by the project Quant.
The outcomes of the trial are expected to be released in August this year.
#NekoNews @OriNeko
The UK is experimenting with a specialized distributed ledger for maintaining financial records and monitoring transactions.
This pilot program, spearheaded by UK Finance—a consortium of British banks and financial service providers, aims to develop a commercial blockchain system for tokenized securities and deposits.
Participating in the trial are major banks including Barclays Plc, Lloyds Banking Group Plc, and Citigroup Inc., along with payment giants Mastercard and Visa. The blockchain technology for the test is being provided by the project Quant.
The outcomes of the trial are expected to be released in August this year.
#NekoNews @OriNeko
Cardano to Participate in World Blockchain Summit in Dubai
Cardano will participate in the World Blockchain Summit in Dubai on the 22nd and 23rd of April. The Cardano Foundation team will be present at the event, with their CEO, Frederik Gregaard, delivering a keynote speech on the first day of the summit. Refer to the official tweet by ADA
📈 Neko Forecasting $ADA for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
Cardano will participate in the World Blockchain Summit in Dubai on the 22nd and 23rd of April. The Cardano Foundation team will be present at the event, with their CEO, Frederik Gregaard, delivering a keynote speech on the first day of the summit. Refer to the official tweet by ADA
#NekoChart @OriNeko
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PSG Fan Token Jumps 25% as Football Club Triumphs Over Barcelona
Football club Paris Saint-Germain's fan token PSG spiked Tuesday as the French team secured a 4-1 victory over rival Barcelona in the UEFA Champions League quarterfinal. The token jumped as much as 25% after a blistering rally that began with PSG's first goal early in the first half. It kept climbing until around midway through the second half, reaching $5.20 before selling off somewhat going into the victory.
Meanwhile, the fan token for Barcelona, BAR, fell as much as 4.2% on Tuesday after the defeat.Despite the rally, PSG's token failed to hold firm above the $5 level it enjoyed as recently as April 12, according to CoinGecko.
PSG is one of a smattering of "fan tokens" issued for sports clubs by the crypto company Socios. Holders of the asset get to influence certain decisions at the club, according to its website.
#NekoNews @OriNeko
Football club Paris Saint-Germain's fan token PSG spiked Tuesday as the French team secured a 4-1 victory over rival Barcelona in the UEFA Champions League quarterfinal. The token jumped as much as 25% after a blistering rally that began with PSG's first goal early in the first half. It kept climbing until around midway through the second half, reaching $5.20 before selling off somewhat going into the victory.
Meanwhile, the fan token for Barcelona, BAR, fell as much as 4.2% on Tuesday after the defeat.Despite the rally, PSG's token failed to hold firm above the $5 level it enjoyed as recently as April 12, according to CoinGecko.
PSG is one of a smattering of "fan tokens" issued for sports clubs by the crypto company Socios. Holders of the asset get to influence certain decisions at the club, according to its website.
#NekoNews @OriNeko
SKALE to Participate in TOKEN2049 in Dubai
SKALE’s core team members will attend the TOKEN2049 conference in Dubai on April 18th-19th. The purpose of their presence is to provide information about potential partnerships with SKALE. Refer to the official tweet by SKL
📈 Neko Forecasting $SKL for short-term correction and bounce from current marked demand zone for buy position.
#NekoChart @OriNeko
SKALE’s core team members will attend the TOKEN2049 conference in Dubai on April 18th-19th. The purpose of their presence is to provide information about potential partnerships with SKALE. Refer to the official tweet by SKL
#NekoChart @OriNeko
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Data from K33 Research reveals that the amount of BTC managed by Grayscale Bitcoin Trust (GBTC) has halved since January 10, the date when the spot Bitcoin ETF was approved in the U.S.
The trust has seen an outflow of 310,611 BTC over 66 trading days.
Meanwhile, the global trend for spot Bitcoin ETFs shows three consecutive days of negative net inflows, totaling a loss of $58 million on April 16th.
#NekoNews @OriNeko
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🌟🚀 Exciting News: Bitget Joins Cornix! 🚀🌟
📢 We're excited to share that Bitget is now integrated with Cornix! 🎉
This new integration allows you to access an extensive selection of cryptocurrencies and trading pairs available on Bitget.
Expand your trading options, venture into new markets, and leverage Bitget's robust trading features alongside Cornix's automated trading tools.
Register HERE and TRY Bitget with Cornix
📢 We're excited to share that Bitget is now integrated with Cornix! 🎉
This new integration allows you to access an extensive selection of cryptocurrencies and trading pairs available on Bitget.
Expand your trading options, venture into new markets, and leverage Bitget's robust trading features alongside Cornix's automated trading tools.
Register HERE and TRY Bitget with Cornix
P2 Ventures, a blockchain-focused venture capital firm spun out late last year from developer Polygon Labs, has committed $50 million to support startup founders in a move that could kindle new projects in the Polygon ecosystem.
The investment by P2 Ventures will go to founders through Hadron FC, a founder program with campuses in Dubai and New York, according to a press release. The program comes with mentorship, legal and regulatory assistance, networking opportunities and "comprehensive support to navigate the complexities of startup development and raise capital," the release said. Among the initial 36 projects onboarding, several "engaged in a week of in-person co-building at the facility in Dubai."
P2 Ventures was initially part of Polygon Labs – the primary developer of the various Polygon layer-2 networks atop Ethereum – but was spun out as a separate unit with its 10-person team late last year, and rebranded to P2 Ventures.
#NekoChart @OriNeko
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Major institutions invest in BlackRock’s Bitcoin ETF
According to Balchunas tweet, The institutions in the image represent only 0.2% of IBIT’s shares. Moreover, the low percentage of the Bitcoin (BTC) ETF in the entities’ portfolios also shows a “nibbling” trend by the firms.
Excepting Grayscale’s GBTC, BlackRock’s spot Bitcoin ETF holds the largest amount of BTC of the exchange-traded funds traded in the US, with over 272,000 BTC. The amount is equivalent to $16.7 billion. The latest Bitcoin acquisitions by the IBIT fund happened yesterday, with 1,161.78 BTC added to its address via two different transactions.
A recent report by Glassnode and Coinbase Institutional revealed that US-traded spot Bitcoin ETFs held nearly $60 billion in assets as of March 31. This is more than double the initial amount held by those funds in January when asset management firms received the green light from the Securities and Exchange Commission to offer this product to the public.
#NekoNews @OriNeko
According to Balchunas tweet, The institutions in the image represent only 0.2% of IBIT’s shares. Moreover, the low percentage of the Bitcoin (BTC) ETF in the entities’ portfolios also shows a “nibbling” trend by the firms.
Excepting Grayscale’s GBTC, BlackRock’s spot Bitcoin ETF holds the largest amount of BTC of the exchange-traded funds traded in the US, with over 272,000 BTC. The amount is equivalent to $16.7 billion. The latest Bitcoin acquisitions by the IBIT fund happened yesterday, with 1,161.78 BTC added to its address via two different transactions.
A recent report by Glassnode and Coinbase Institutional revealed that US-traded spot Bitcoin ETFs held nearly $60 billion in assets as of March 31. This is more than double the initial amount held by those funds in January when asset management firms received the green light from the Securities and Exchange Commission to offer this product to the public.
#NekoNews @OriNeko