The potential partnership comes amid increased regulatory scrutiny for both companies.
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- Global
Analysts from the London School of Economics and Political Science say a pan-European industrial cluster is necessary for the EU to compete in Web4.
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Less than seven months after its last round of layoffs, Web3 gaming and NFT company Yuga Labs cut more roles Friday. It was not clear how many staff were affected by the layoffs.
“To put it simply: Yuga lost its way. Getting ourselves centered and on the right path means being a smaller, more agile and cryptonative team,” CEO Greg Solano wrote in a Slack message that he then screenshotted and posted on X to announce the restructuring.
Read more: Yuga’s Greg Solano resumes role as CEO, pledges stronger ‘cryptonative’ focus
Crypto-nativity was one of Solano’s pledges when he took over as CEO in February. Solano was a Yuga Labs co-founder who took back the reins from former…
Read more on Blockworks
BIGCAP COINS:
- Pepe: Market Cap of $3.1 Billion.
- Bitcoin: Market Cap of $1.2 Trillion.
- Solana: Market Cap of $63.3 Billion.
MIDCAP COINS:
- cat in a dogs world: Market Cap of $430 Million.
- Eesee: Market Cap of $11.1 Million.
- Hooked Protocol: Market Cap of $130 Million.
RISING COINS:
- Grok: Market Cap of $87.7 Million.
- ANDY: Market Cap of $58.1 Million.
- Pandora: Market Cap of $42.3 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Amidst market fluctuations, a notable Bitcoin whale has confidently acquired over $282 million in BTC from Binance since late March. The blockchain tracking firm Lookonchain first identified this activity, highlighting that the address “12QVsfAFv5RsHuqx4i9WsNGJPeiYLoN2qo” purchased 4,380 BTC at an average price of $64,471. Furthermore, during a recent price dip, the whale seized the opportunity to buy an additional 620 BTC at $39.8 million, signaling a strategic move to capitalize on market lows.
In related developments, another significant Bitcoin investor moved 1,200 BTC, valued at approximately $77.67 million, into the Kraken exchange. This transaction, captured by the crypto “de-anonymizing” service Arkham, is part of a larger accumulation strategy where the whale amassed 24,755 BTC, worth around $1.68 billion, at an average price of $68,051, from March 1 to April 15. While intentions behind the Kraken deposit remain speculative, such actions typically suggest potential market strategies, including selling or securing holdings against price volatility.
The world of Bitcoin mining is facing tough times as recent data suggests that profitability in the industry is dwindling. The decline in Bitcoin mining profitability comes on the heels of Bitcoin’s fourth halving event, raising concerns among miners about their future earnings.
Declining Profitability Post-Halving
Following the recent halving event on April 20, key metrics indicating the profitability of Bitcoin mining have plummeted. The HashPrice index, a crucial indicator coined by Luxor Technologies, has dropped significantly.
Bitcoin HashPrice Index reveals diminishing profits for miners — Hashrateindex.com
Reports indicate that it fell to as low as…
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In a significant move, Phoenix Wallet, a popular Bitcoin Lightning Network wallet, has announced its decision to withdraw its services from the United States market. The decision comes amidst increasing regulatory scrutiny and concerns over potential legal repercussions.
On May 3rd, 2024, @PhoenixWallet will be removed from US app stores.
Users from the US should empty their wallet:– Settings > Close channels (Android)– Settings > Drain wallet (iOS)
We highly recommend *not force-closing* channels, as on-chain fees could be significant.
— Phoenix Wallet (@PhoenixWallet) April 26, 2024
It’s worth mentioning that in recent days, the Bitcoin community was rattled by…
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Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action.
Read more on Cointelegraph
The founder of Io.net will host a livestream on April 28 to demonstrate live cluster creation and rest the fear, uncertainty and doubt.
Read more on Cointelegraph
$1M – $10M MarketCap:
- Joe Coin (JOE): 64%
- Sora AI (SORA): 34%
- StoryFire (BLAZE): 27%
- Reality Metaverse (RMV): 18%
- UpOnly (UPO): 17%
$10M – $100M MarketCap:
- ZKBase (ZKB): 69%
- DGI Game (DGI): 32%
- Artrade (ATR): 23%
- Synesis One (SNS): 21%
- chrono.tech (TIME): 19%
$100M – $1B MarketCap:
- Brett (BRETT): 49%
- ether.fi (ETHFI): 31%
- Coq Inu (COQ): 27%
- Toshi (TOSHI): 23%
- Automata (ATA): 21%
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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