BIGCAP COINS:

1. Render: Market Cap of $3.1 Billion.
2. Bitcoin: Market Cap of $1.3 Trillion.
3. Arbitrum: Market Cap of $3.0 Billion.

MIDCAP COINS:

1. Celestia: Market Cap of $1.7 Billion.
2. Foxy: Market Cap of $55.9 Million.
3. Ondo: Market Cap of $1.1 Billion.

RISING COINS:

1. Andy: Market Cap of $67.1 Million.
2. Node AI: Market Cap of $172 Million.
3. MAGA: Market Cap of $232 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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The following is an essay originally published on Unchained.com by Dhruv Bansal, CSO and Co-founder of Unchained, the Official US Collaborative Custody Partner of Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website.

Click here to download a PDF of this 7,000 word essay on the origins of Bitcoin.

Bitcoin is often compared to the internet in the 1990s, but I believe the better analogy is to the telegraph in the 1840s.[1]

The telegraph was the first technology to transmit encoded data at near-light speed over long distances. It marked the birth of the telecommunications industry….

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TRON, a major player in the blockchain arena, has soared to new heights with over 100 million addresses holding a balance. This landmark was identified by the analytics from IntoTheBlock, highlighting TRON’s accelerating adoption. The surge in active addresses reflects a strengthened trust and engagement within the TRON network, suggesting a vibrant future for its ecosystem.

IntoTheBlock’s data illustrates a consistent increase in the number of TRON addresses with a balance over the recent months. This achievement is a testament to TRON’s strategic enhancements and its growing appeal in the decentralized finance (DeFi) landscape. Despite market fluctuations, TRON maintains a stable token price, reinforcing its robust platform. This milestone signifies a pivotal moment for TRON, cementing its status as a dominant force in the expanding world of cryptocurrencies.

IntoTheBlock

The billionaire Winklevoss twins have made a groundbreaking move in the sports world by investing $4.5 million in bitcoin into Real Bedford Football Club, marking the club as the first to be “powered by bitcoin.” This investment by the Gemini crypto exchange founders alongside Peter McCormack—who bought the club in 2022—aims to integrate bitcoin deeply into the club’s operations. This strategic choice reflects a strong belief in bitcoin’s potential, positioning the club uniquely in the soccer world, with future plans including a major infrastructure investment without liquidating any bitcoin.

Cameron Winklevoss emphasized the alignment in vision and persistence among the new co-owners, stressing the importance of holding onto bitcoin through fluctuating market conditions. This investment strategy is seen not just as a financial act but as a statement of confidence in bitcoin, showcasing its utility beyond mere speculation. The move sets a precedent in sports management, combining passion with innovative financial practices, potentially setting a new trend in how sports clubs are funded and operated.

Twitter

Blackrock, the world’s largest asset manager, disclosed its first-quarter financial results, boasting a record $10.5 trillion in assets under management (AUM), marking a substantial $1.4 trillion increase from the previous year. Notably, its Ishares Bitcoin Trust (IBIT) continues to dominate the U.S. spot bitcoin ETF market, holding over $18.9 billion in bitcoin assets, with approximately 269,314 BTC as of April 11.

CEO Larry Fink expressed optimism about Bitcoin’s future, citing IBIT as “the fastest growing ETF in the history of ETFs” and acknowledging strong retail demand. Despite this success, Blackrock faces regulatory challenges in its pursuit of a spot ether ETF. While optimism surrounds potential SEC approval, skepticism grows, with Jan Van Eck of Vaneck anticipating rejection for his firm’s application in May.

Furthermore, reports suggest the SEC may classify ether as a security, posing additional hurdles. However, Fink remains undeterred, believing that even if ether is labeled a security, Blackrock can proceed with launching a spot ether ETF.

Bitcoin Treasuries

As Bitcoin gears up for its impending halving, the cryptocurrency market is witnessing a surge in demand that significantly outstrips the monthly supply of mined BTC. With only 27,000 BTC produced monthly, the revelation by Glassnode of an astounding 115,000 BTC accumulation in the last 30 days highlights a robust bullish sentiment. Notably, even Bitcoin’s smallest investors, termed ‘shrimps’, are contributing to this trend by amassing approximately 12,500 BTC, showcasing a heightened enthusiasm that could redefine market dynamics.

The forthcoming halving is poised to slash Bitcoin’s monthly issuance to 13,500 BTC, further tightening supply as the mining reward halves. This anticipated reduction, coupled with ongoing large-scale buying by investors from all echelons—including the colossal ‘super whales’—is setting the stage for a potentially explosive second quarter. As we approach the halving, the landscape of Bitcoin investment is transforming, suggesting a promising horizon for the leading cryptocurrency.

Glassnode

Of the 11 financial institutions that issued spot Bitcoin ETFs in January 2024, only two — Bitwise and VanEck — have pledged to donate a percentage of their profits to open-source Bitcoin development.

Regardless of whether large holders are harassing ETF sponsors for funding core dev, the real question is – why are only @BitwiseInvest and @vaneck_us doing so? Bitcoin is an ongoing project and core dev continues to be underfunded

— nic "bankful" carter (@nic__carter) April 10, 2024

In considering the logic behind Bitwise and VanEck’s decision to donate to developers who maintain and update the Bitcoin protocol, it’s difficult to imagine why more spot Bitcoin ETF issuers haven’t…

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Litecoin has achieved a landmark with more than five million long-term holders now invested in the cryptocurrency, a testament to its staying power and potential. Accounting for 62.5% of all addresses with a balance, this significant increase in dedicated users underscores Litecoin’s expanding influence in the crypto market. The surge of 170,000 new long-term investors at the end of February alone highlights a robust trend towards holding Litecoin for the long haul, alongside a growing group of 2.54 million “Cruisers” who have held their coins for 1 to 12 months.

This long-term commitment is not just a numbers game; it’s proving profitable for a majority of holders. On-chain data reveals that 67.67% of all Litecoin addresses are currently profiting, holding a staggering total of 49.76 million LTC. Despite a smaller portion experiencing losses, the overall trend remains overwhelmingly positive. Originating in 2011 from the innovative mind of Charlie Lee, Litecoin continues to distinguish itself as a faster, scalable alternative to Bitcoin, enhancing user experience and trust in its future prospects.

IntoTheBlock

BIGCAP COINS:

1. Render: Market Cap of $3.2 Billion.
2. Bitcoin: Market Cap of $1.3 Trillion.
3. Pepe: Market Cap of $2.8 Billion.

MIDCAP COINS:

1. Serenity Shield: Market Cap of $3.21 Million.
2. cat in a dogs world: Market Cap of $329 Million.
3. Ondo: Market Cap of $1.0 Billion.

RISING COINS:

1. Inu Inu: Market Cap of $7.23 Million.
2. FLOKI: Market Cap of $1.77 Billion.
3. PepeFork: Market Cap of $97.5 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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Originally published on Unchained.com.Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. 

You don’t often see the term “Roth IRA” trending online, but in 2021, tech investor Peter Thiel made headlines for his $5 billion tax-free Roth IRA piggy bank. How did he do it? The answer is alternative investments. He used a self-directed IRA to invest in early-stage tech companies multiple times over. Is it a loophole? Possibly. But it…

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