Pro-crypto presidential candidate Robert F. Kennedy Jr. has announced a groundbreaking proposal to utilize blockchain technology for the entire US budget, promising unparalleled transparency and public oversight. During his campaign, Kennedy Jr. expressed his commitment to an open government by stating, “I’m gonna put the entire US budget on blockchain,” allowing every American 24/7 access to monitor governmental spending. This move is met with enthusiastic support from the crypto community, further solidifying their backing for Kennedy.

Kennedy Jr. aims to empower citizens by making every transaction in the US budget accessible to the public, enabling around-the-clock monitoring. “We’re gonna have 300 million eyeballs on our budget,” he declared, emphasizing the deterrent effect this would have on wasteful expenditures. His vision aligns with the values of decentralization and transparency inherent in blockchain technology, heralding a significant shift from traditional budgetary practices and enhancing both accountability and citizen engagement.

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$1M – $10M MarketCap:

1. R Games (RGAME): 66%
2. Space Falcon (FCON): 59%
3. dotmoovs (MOOV): 23%
4. Omax (OMAX): 13%
5. Arcade (ARC): 9.4%

$10M – $100M MarketCap:

1. Syncus (SYNC): 108%
2. CatCoin (CAT): 89%
3. Aleph.im (ALEPH): 49%
4. Blockchain Brawlers (BRWL): 46%
5. Reboot (GG): 39%

$100M – $1B MarketCap:

1. Popcat (POPCAT): 39%
2. Ontology (ONT): 27%
3. Ontology Gas (ONG): 18%
4. FTX Token (FTT): 17%
5. Orca (ORCA): 15%

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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Bitcoin mining celebrated a groundbreaking achievement on April 20, 2024, as miners amassed an unprecedented $107.7 million in revenue, marking a new milestone coinciding with the much-anticipated Bitcoin halving event. This remarkable day witnessed the community’s enthusiasm, with investors paying an average of nearly $800 in transaction fees to secure a spot in the 840,000th block—a key player in the fourth Bitcoin halving. Notably, this surge in revenue outstripped the previous record of $78.7 million on March 11, highlighting a direct correlation with Bitcoin’s market price and the intrinsic value miners generate from securing the blockchain network.

The halving event itself, which reduced mining rewards to 3.125 BTC per block, signifies a pivotal moment for Bitcoin, reinforcing its deflationary nature amidst growing investor interest. This surge was partially fueled by the launch of Casey Rodarmor’s Runes Protocol, which dovetailed with the halving, creating a flurry of activity as users raced to immortalize their transactions. However, following the event, transaction fees normalized to $8-$10, illustrating the transient nature of the hype but underscoring a sustained confidence in Bitcoin’s long-term value.

Blockchain.com

BIGCAP COINS:

1. Bitcoin: Market Cap of $1.2 Trillion.
2. Pepe: Market Cap of $2.4 Billion.
3. Solana: Market Cap of $66.7 Billion.

MIDCAP COINS:

1. Voxies: Market Cap of $44.6 Million.
2. Merlin Chain: Market Cap of $265 Million.
3. IOTA: Market Cap of $772 Million.

RISING COINS:

1. Grok: Market Cap of $63.2 Million.
2. Pandora: Market Cap of $60.7 Million.
3. BOBO: Market Cap of $135 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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After remaining inactive for 8.7 years, a dormant pre-mine Ethereum address containing 197 ETH, now valued at $622,685, has suddenly come to life, stirring intrigue and speculation within the cryptocurrency community. Originally acquired during Ethereum’s early pre-launch phase when ETH was trading at just $0.31 per coin, the initial valuation of this stash was a mere $61. This remarkable appreciation showcases the significant long-term investment potential of cryptocurrencies, echoing the asset class’s resilience and growth prospects.

The activation of this wallet has ignited discussions about the identity and motives of the owner, who may have either rediscovered lost keys or decided strategically to hold the assets until now. The reemergence of such a substantial sum highlights not only the privacy features of Ethereum but also suggests strategic patience in the crypto market, where timing and anonymity play crucial roles in asset management. This event indirectly underlines the robust nature of digital currencies like Bitcoin, known for similar stories of dormant addresses reactivating as market conditions evolve.

Whale Alert

Hunter Horsley, CEO of Bitwise, has forecasted a notable surge in Bitcoin exchange-traded funds (ETFs) held by wealth management firms. This comes as Bitcoin ETFs are gaining momentum, particularly with the upcoming halving event which is expected to bolster their appeal. The U.S. has witnessed a positive trend in Bitcoin investments within ETFs, showcasing a net inflow right before this critical halving day after a previous five-day downturn.

The market dynamics indicate a shift, with BlackRock’s iShares Bitcoin Trust (IBIT) nearing the scale of Grayscale’s fund, which has seen a substantial reduction in assets after a 68-day downward trend. Despite Grayscale’s early dominance, its position is weakening as firms like Fidelity and BlackRock capture significant market shares, introducing new liquidity into the system. Horsley also highlighted the discreet yet impactful adoption of Bitcoin ETFs by investment advisors and family offices, suggesting a deeper, more strategic evaluation of Bitcoin’s potential within the financial sector.

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$1M – $10M MarketCap:

1. SOMESING (SSG): 32%
2. UpOnly (UPO): 25%
3. Honk (HONK): 20%
4. Beoble (BBL): 17%
5. VaporFund (VPR): 14%

$10M – $100M MarketCap:

1. XANA (XETA): 33%
2. district0x (DNT): 32%
3. Virtua (TVK): 30%
4. Smart Layer Network (SLN): 29%
5. Akropolis (AKRO): 27%

$100M – $1B MarketCap:

1. REI Network (REI): 51%
2. Popcat (POPCAT): 41%
3. Velo (VELO): 31%
4. LimeWire (LMWR): 26%
5. Rats (RATS): 25%

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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A recent survey conducted by CouponBirds in March has uncovered a strong trend among U.S. parents who are crypto enthusiasts: 86% of them have either invested or plan to invest in cryptocurrencies for their children’s financial future. The study shows that 45.2% of parents have already made such purchases, with an additional 40.6% intending to do so. The primary motivations cited are the belief in cryptocurrency’s appreciation over time (52.6%), educational value (33.3%), and as a safeguard against currency debasement (30.7%). This reflects a broader confidence, with 81.4% of parents convinced of the increased value of digital currencies over the next decade.

Moreover, 82.3% of parents adopt a “set it and forget it” approach to these investments, anticipating that cryptocurrencies will serve as a mainstream currency in their children’s future. About 79% foresee a world where crypto is commonly used for everyday transactions, despite current low usage rates. Additionally, 37.5% regard digital currencies as the superior long-term investment for the next generation, outpacing traditional vehicles like savings accounts and stocks. This forward-looking perspective is further highlighted by the 81.2% of parents advocating for crypto education in schools, emphasizing the growing importance of financial literacy in a digital age.

Data

Grayscale, a leading Bitcoin ETF provider, has announced a strategic expansion through its new Bitcoin Mini Trust (BTC), set to attract more investors with its low 0.15% management fee. The latest filings reveal an initial seeding of 63,204 bitcoins from its parent fund, GBTC, representing a 10% asset transfer. This move, paired with the automatic issuance and distribution of BTC trust shares to existing GBTC shareholders, signals a broader accessibility to Bitcoin investments, aligning fees with market leaders and potentially reshaping investor preferences.

Further sweetening the deal, this spinoff comes as a non-taxable event for GBTC shareholders, sparing them from capital gains taxes typically incurred during such transitions. With over a decade in operation, Grayscale’s GBTC has shifted from private placements to public trading, culminating in a January 2024 uplisting on NYSE Arca. As Grayscale’s assets under management hover around $19.6 billion, the new trust positions itself as a formidable competitor in the evolving cryptocurrency landscape, directly challenging giants like BlackRock’s $17.5 billion IBIT fund.

SEC filing

BIGCAP COINS:

1. Bitcoin: Market Cap of $1.2 Trillion.
2. Pepe: Market Cap of $2.2 Billion.
3. dogwifhat: Market Cap of $2.8 Billion.

MIDCAP COINS:

1. Gorilla: Market Cap of $4.4 Million.
2. Merlin Chain: Market Cap of $286 Million.
3. Ondo: Market Cap of $1.0 Billion.

RISING COINS:

1. Grok: Market Cap of $55.6 Million.
2. Node AI: Market Cap of $134 Million.
3. Pandora: Market Cap of $57.9 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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