Swissblock Crypto News
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Your daily crypto news and significant tweet alerts: Curated by Swissblock's market experts.
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👉 Solana's Dogwifhat Hits Vegas In Style, Surpasses Fundraising Target and More 🔹

Solana's dogwifhat (WIF) is Going to Las Vegas In Grand Style
dogwifhat is set to grace Las Vegas City's Skyline through the Sphere
The community's campaign to achieve this publicity stunt has garnered massive support
the campaign's fundraising has surpassed its planned target of $650,000

El Salvador drops income tax for foreign investments and remittances
The Legislative Assembly of El Salvador has approved a measure to reduce the income tax on foreign investments and remittances from 30% to 0% with no effective limits on the amount.

Aevo Airdrop Leaves Some Farmers Fuming as Token Debuts at $3B Valuation - The Defiant
More than $95 million worth of AEVO tokens were distributed by the perpetuals and options trading platform.
👉 Bitcoin Halving Expectations: Bullish Trend despite Upsurge in Selling Activity and More 🔹

1 Month Until the Bitcoin Halving: What to Look Out For
The Bitcoin halving, reducing mining rewards to 3.125 BTC, is set for between April 17 and April 20.
Concerns rise as miners and whales increase selling activity, potentially impacting Bitcoin's price.
Despite selling pressure, significant ETF inflows and historical trends suggest a bullish outlook for BTC.

Will the Bitcoin halving bring more institutional investors into crypto?
The Bitcoin ETFs appear to have opened many institutions’ eyes to Bitcoin as an alternate asset. Will the April halving accelerate the trend?

Cosmos DeFi boosted as 'rivals' Osmosis and Astroport collaborate on programmable liquidity pools
Cosmos-based decentralized exchange Astroport is set to deploy its passive concentrated liquidity (PCL) pools on Osmosis, the largest Cosmos-based DEX by volume, following successful governance votes on both platforms. This move marks an alignment between two of the most active DEXes in the Cosmos ecosystem, aiming to improve the overall trading experience and capital efficiency for users.
👉 PropyKeys Unveils Tokenized Real Estate on Ethereum Layer 2 and More 🔹

Tokenized Real Estate Project PropyKeys Announces Public Launch - The Defiant
PropyKeys, a tokenized real estate project deployed on Base, an Ethereum Layer 2 network, has opened its doors to the public.

Meme coins have 'strong relationship' with native networks like Solana: Franklin Templeton | The Block
Meme coins maintain a “strong” connection to their native networks, according to research published by the traditional financial institution Franklin Templeton.
The global asset manager pinpointed networks such as Solana, Ethereum, Arbitrum, Polygon and Optimism.

Blast stopped producing blocks following Ethereum’s Dencun upgrade - Blockworks
Following Ethereum’s Dencun upgrade, the Blast Mainnet stopped producing blocks.
Around an hour after the last block was produced, Blast said that the issue was resolved in a post on X.
“A full analysis on the issue will be shared shortly,” the team said in the post.
👉 NEAR Protocol's Surge: Riding the Narrative to New Highs and More 🔹

Crypto's AI Future could be NEAR | Bankless
NEAR Protocol has been one of the buzziest L1s this month and is up 74% in the last 30 days! What potent narrative has sent NEAR surging to new cycle highs, and which early play can you use to enhance your NEAR upside?

io.net adds Apple chip support to its cloud-based GPU-sourcing network
Recently launched decentralized physical infrastructure network (DePIN) io.net is set to onboard Apple silicon chip hardware for its artificial intelligence (AI) and machine learning (ML) services.

Ethereum Staking Protocol Swell Unveils Layer-2 Rollup With $1B Total Value Locked
Swell has launched a layer-2 restaking rollup alongside Ethereum scaler AltLayer and crypto staking project EigenLayer.
The rollup will take the form of a "restaked rollup", which comes with a range of services such as decentralized sequencing, verification and faster finality.
Restaking refers to a process on Ethereum where ether tokens that are deposited as security for the network can be repurposed to secure additional blockchains and protocols.
Which of these technologies do you think will have the biggest impact on crypto in the next 5 years?
Anonymous Poll
59%
AI
10%
VR/AR
10%
Biometric security
21%
Quantum computing
👉 Climate Physicist Advocates Bitcoin for Ecological Sustainability and more 🔹

Visa, Mastercard could be key drivers for crypto in the year ahead
Visa and Mastercard are both working on cryptocurrency initiatives, and could encourage more adoption if they offered crypto reward programs on a wider basis.

Climate physicist sees Bitcoin as a tool for ecological sustainability | CryptoSlate
Climate physicist Margot Paez reevaluates Bitcoin's environmental impact, advocating for its role in transitioning to a sustainable economic system.

Open Data: The Unfulfilled Promise of Blockchain
On-chain analytics platforms should strive to make their core data more accessible to all rather than arbitrarily gated, Flipside Crypto co-founder Jim Myers writes.
👉 Unraveling the Mystery of Spot Bitcoin ETFs and More 🔹

How Spot Bitcoin ETFs Work: A Comprehensive Guide!
Bitcoin ETF news is everywhere, yet most of us crypto enthusiasts have very little understanding of their inner workings. Admittedly, it’s not that straightforward, but that's okay because we're here to demystify it all. Our goal? A concise, straightforward breakdown of what Bitcoin ETFs are and what actually goes on behind the scenes when buying or selling them.

Blockchain has lost its decentralized spirit - Blockworks
Decentralization must be the cornerstone, not a mere aspiration, of blockchain’s journey.

Dencun Will Make Ethereum Cypherpunk Again | Bankless
L2s are at the heart of Ethereum’s scalability plans. Yet, with Ethereum's price hitting $4,000 and a surge in activity on both Ethereum and L2s, users are feeling the pinch from high transaction fees. These fees make everyday onchain activities expensive, pricing out many users.
👉 Record Daily Trading Volume for BlackRock's Bitcoin ETF and More 🔹

BlackRock’s Bitcoin ETF sets daily volume record as BTC recoups slump
BlackRock’s spot Bitcoin exchange-traded fund (ETF) has notched another daily trading volume record as BTC dropped 6% from its daily high over the United States trading day.

Bitcoin Sells Off 3%; Is Macro Risk Returning to Market?
Bitcoin bulls so far this year have had a respite from having to pay attention to things like the economy and Federal Reserve monetary policy thanks to the overwhelming demand for the crypto from the new spot ETFs. For the moment, at least, that appears to be changing.

Over $300 million liquidated as $30 billion in leveraged shorts now cluster near $74k | CryptoSlate
Bitcoin (BTC) reached a new all-time high of $73,760 today, surpassing the previous record set just yesterday at $73,600. However, the top digital asset declined below $70,000 before rebounding to around $71,200 as of press time.
👉 El Salvador's Bitcoin Stash Nearly Doubles and More 🔹

Crypto gains recover to $38 billion last year after 2022’s $127 billion losses: Chainalysis | The Block
Crypto investors experienced a significant recovery from 2022, which saw estimated losses of $127.1 billion, according to Chainalysis.
Last year’s gains were lower than those of 2021, which may be because investors in 2023 were less likely to cash in on their crypto holdings, the report said.

Hong Kong’s central bank begins new phase of its CBDC pilot - Blockworks
According to a post on the central bank’s website Thursday, the next phase of the program will see where an e-HKD — Hong Kong’s potential future central bank digital currency — adds value through programmability, atomic settlement and even tokenization.

El Salvador Has Thousands More Bitcoins Than Previously Known
El Salvador moved more than 5,000 BTC into a cold wallet this week.
The disclosure by President Nayib Bukele nearly doubles the country's known stash of the digital asset.
👉 Gold and Bitcoin Rally: JPMorgan's Surprising Take and more 🔹

Bitcoin volatility becoming more focused at start of Wall Street trading week | CryptoSlate
Bitcoin prices appear to have exhibited an intriguing pattern of higher volatility on Tuesdays and Wednesdays since the launch of Bitcoin ETFs on January 11, 2024, per CryptoSlate analysis. While prices have tended to rise on Mondays, Tuesdays, and Wednesdays, there have been wilder intraday swings, with several V-shaped recoveries.

JPMorgan says bitcoin rally 'propagated' by retail and speculative institutional investors | The Block
The recent crypto rally has been “propagated” by investors purchasing both gold and bitcoin futures since February rather than by investors shifting from gold to bitcoin, according to JPMorgan analysts.

Qatar’s Sovereign Fund Might Be Buying Bitcoin, But Surely Not $500B Worth
Bitcoin maximalists like Max Keiser have spread rumors of a $500 billion BTC purchase by Qatar, which would be larger than the sovereign fund's current holdings.
The Qatar Investment Authority has denied investing. But, with BTC increasingly accepted on Wall Street, sovereign funds may add digital assets to their portfolios soon.
👉 Crypto Giants to Fuel UEFA Champions League: What's Next? and More 🔹

Craig Wright is not Bitcoin creator Satoshi Nakamoto, UK judge says - Blockworks
According to a COPA spokesperson, Justice James Mellor — who oversaw the case — declared that Wright isn’t the author of the Bitcoin white paper, never operated under Nakamoto’s pseudonym, didn’t create Bitcoin, and didn’t author the original versions of the network.

Poll: Crypto-owning voters lean towards Trump as their next president | The Block
Close to half of crypto owners plan to vote for presidential candidate Donald Trump in the upcoming elections, a poll from Paradigm found.

UEFA Searching For Crypto Exchange Sponsors For Champions League
UEFA, the governing body of European soccer, is looking to secure sponsors from the crypto exchange sector for the upcoming 2024-2027 cycle of its prestigious men’s Champions League (UCL) club competition.
Which assets do you think are most likely to be ubiquitous (worth something and widely used) in 100 years?
Anonymous Poll
65%
Bitcoin
29%
Ethereum
9%
Solana
6%
Monero
20%
US Dollar
16%
Swiss Franc
👉 Justin Sun Stirs Waves with $480M ETH Deposit in Ether Fi and More 🔹

Tron Founder Justin Sun Fuels Ether Fi with Massive $480M ETH Deposit
A wallet linked to Justin Sun deposited 120,000 ETH, worth about $480 million, into Ether Fi, marking a significant event in the DeFi sector.
Ether Fi, after raising $23 million, is approaching $3 billion in total value locked, demonstrating its growing significance in the DeFi market.
The platform's collaboration with the Omni Network and the launch of its token are part of its strategic advancements.

Hong Kong adds Bybit to its list of suspicious crypto exchanges
Hong Kong’s Securities and Futures Commission (SFC) has added Bybit to its list of suspicious virtual asset trading platforms and issued a public warning about its unlicensed operations.
In a March 14 warning, the SFC said the platform is unlicensed and expressed concerns that Bybit has offered its products to Hong Kong investors.

North Korean Hackers Used Tornado Cash to Launder $12M From Heco Bridge Hack: Elliptic
North Korean hackers tied to its infamous Lazarus Group have used coin mixing service Tornado Cash to launder $12 million worth of ether (ETH) over the past 24 hours.
👉 Musk Teases Dogecoin Payment Option for Tesla, Market Reacts 🔹

EigenLayer teases mainnet's final roadmap before launch | The Block
After initiating a final testnet, which Eigen Labs said will be operational soon, EigenLayer will launch its mainnet.

zkSync welcomes AI data warehouse as latest addition to hyperchain - Blockworks
Space and Time (SxT), a decentralized data warehouse that uses artificial intelligence to train its data models, will be launching its network on a zkSync hyperchain.

DOGE Price Skyrockets as Musk Breaks Silence on Dogecoin for Tesla Payments
In a remarkable turn of events, the price of Dogecoin (DOGE) soared following Elon Musk's recent comments at the Tesla Giga Event in Berlin. Musk, the renowned billionaire entrepreneur, hinted at the possibility of accepting Dogecoin as a payment method for Tesla vehicles in the future.
👉 Solana Surged 10% Amid Memecoin Mania and More 🔹

Beyond Blobs: Diving Into Dencun’s Overlooked Upgrades - The Defiant
In addition to EIP-4844, Dencun also introduced significant upgrades bolstering block space efficiency, user security, and network validation.

Crypto wallet Zerion is building a Layer 2 network that aims to offer zero fees | The Block
Zerion is building a Layer 2 network that is designed to offer zero fees.
The idea is that this should make it easier to onboard new people into crypto.

Solana market cap hits all-time high, price surges 10% amid memecoin fever | The Block
Solana cryptocurrency’s market capitalization crossed $81 billion on Friday morning in Asia, surpassing its previous high of $77.4 billion in November 2021.
Solana blockchain recently reached its all-time high for the daily number of new addresses on the network.
👉 Berachain's Massive $69M Funding Round Nears Completion, and more 🔹

Monad Devnet Launches with Scalability Promise – Could it Push Ethereum Technology to New Heights?
The highly anticipated layer 1 blockchain Monad officially launched its developer network (devnet) on March 14 after achieving an impressive 10,000 transactions per second (TPS) in internal testing environments.

Berachain reportedly raises $69 million in latest funding round: Bloomberg
The DeFi project’s valuation is expected to reach $1.5 billion upon completion of the funding round.
The team previously said it is set to launch its mainnet in the second quarter of 2024.

Promising Digital Crypto Banking Tools Provider, Vault, Plans for $180M Revenue by 2025
Vladimir Gorbunov, the Founder of Vault, shared the company's plans to reach $60 million in revenue by the end of 2024 and $180 million by the end of 2025. Gorbunov believes that the crypto-banking market has both the size and demand to achieve these revenue plans, and is favorable for Vault to secure its leadership position in the b2b sector which remains one of the company’s primary goals.
👉 Unstoppable Ethereum Battles Its 'Killers' and More 🔹

Ethereum vs Ethereum Killers: Is ETH at Risk?
The rise of "Ethereum killers" brings welcome competition and innovation to the cryptocurrency landscape. While they pose a challenge to Ethereum's dominance, they're unlikely to displace it entirely. Ethereum's ongoing upgrades and its massive network effect make it a formidable force.

The Biggest Bank Heist in History Is Coming
Regulators are permitting banks to tokenize financial assets such as bank deposits, U.S. Treasuries and corporate debt. But they want institutions to use permissioned networks rather than the decentralized blockchains that keep assets safe from hackers.

Elizabeth Warren crypto bill draws criticism and sparks election challenge
United States Senator Elizabeth Warren, best known in crypto circles for her abject disdain of the blockchain industry, continues to draw fire for her ongoing campaign against digital assets.
👉 'Mr. 100' Surfaces as Puzzling Bitcoin Whale Amid Market Flux and More 🔹

Crypto Retraces This Week’s Gains as Traders Take Profits - The Defiant
Crypto traders are taking profit after Bitcoin marked a new record high and crossed $72,000 earlier this week.
Bitcoin is trading for $67,704, a 4.7% drop on the day, retracing its entire gains for the week.

Bitcoin's sudden price correction wipes out over $666 million from long traders in 24 hours
Bitcoin experienced a heavy price correction during Asian trading hours, dipping to a multi-week low of under $66,000, which resulted in significant losses for traders betting on further price increases.

Who is ‘Mr. 100’? Mysterious Bitcoin whale becomes 14th-biggest BTC holder
A mysterious Bitcoin whale, nicknamed “Mr. 100,” has sparked curiosity in the cryptocurrency space after amassing over 52,996 Bitcoin, worth over $3.5 billion, on-chain data shows.
👉 US Government's Bitcoin Stash Reaches $14.4B in Unrealized Gains and More 🔹

Cypherpunk Legend Adam Back Says $100,000 Bitcoin Price is 'Overdue'
One of Bitcoin's most significant contributors, Adam Back, believes the asset is currently undervalued, even at all-time price highs above $70,000.

US Government 210K Bitcoin Stash Hits $14.4B in Unrealized Gains
The US government's Bitcoin holdings are now valued at an estimated $14.4 billion, making it one of the largest Bitcoin holders globally.
Government departments have not sold any Bitcoin since July 2023, resulting in a 2.4 times increase in their unrealized profits.
Analysts from the Arkham platform estimate the government's Bitcoin holdings at 215,245 BTC, worth approximately $14.8 billion.

Mining giant Marathon set to buy another site just weeks ahead of bitcoin halving - Blockworks
Crypto miner growth initiatives ahead of the bitcoin halving are not slowing down, as one of the space’s biggest players continues its string of acquisitions.
Marathon Digital is set to buy a Texas bitcoin mining facility owned by Applied Digital for roughly $87 million in cash, the company said in a Friday news release.