Cheatsheet: Bitcoin miner treasuries now worth $131B — a new all-time high

Bitcoin has broken another price record, now trading above $72,000 for the first time ever.

Still, BTC isn’t the best performing crypto in the top 100 over the day: that’s floki (FLOKI), the dog coin, which has gained 19.4% as of 7:45 am, ET.

Blockchain-powered video streaming platform Theta Network (THETA) trails slightly amid continued interest in decentralized computing.

Pyth Network (PYTH), the oracle network tipped as a rival to Chainlink (LINK), is third for the day with 18.2%. 

NEAR follows with 13.3% gains, itself boosted by buzz around its potential for use in AI development. Bitcoin and ether (ETH) are both up by about 3%.

Dog-slash-hat memecoin dogwifhat (WIF) is…

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Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Cogito Finance (CGV): 124%
  2. Apes Go Bananas (AGB): 87%
  3. SoonVerse (SOON): 47%
  4. Unbound Finance (UNB): 40%
  5. Dechat (DECHAT): 36%

$10M – $100M MarketCap:

  1. district0x (DNT): 115%
  2. Galatasaray Fan Token (GAL): 70%
  3. Luna Inu (LINU): 63%
  4. Geeq (GEEQ): 48%
  5. Rarible (RARI): 47%

$100M – $1B MarketCap:

  1. Forta (FORT): 52%
  2. BinaryX (BNX): 47%
  3. 0x Protocol (ZRX): 43%
  4. Radio Caca (RACA): 34%
  5. Solidus Ai Tech (AITECH): 32%

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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LATEST: South Korea to Implement Crypto Management to Tackle Tax Evasion

South Korea has announced the development of a state-of-the-art tracking system aimed at ensuring virtual asset users, particularly Bitcoin investors, comply with tax obligations. The National Tax Service has commissioned GTIC to create a sophisticated management system capable of dissecting and monitoring digital currency transactions. This initiative, spurred by the soaring investment in virtual assets and the recent record-breaking surge of Bitcoin to $70,000, is designed to clamp down on tax evasion and illegal financial activities, such as money laundering. Set to be operational by 2025, the system will analyze data from mandatory virtual asset transaction reports, enhancing transparency and fairness in taxation. Additionally, the country is tightening regulations on cryptocurrency services, requiring them to improve anti-money laundering (AML) and know-your-customer (KYC) protocols. This proactive approach not only aims to secure the financial ecosystem but also paves the way for potential approval of Spot Bitcoin ETFs, signifying South Korea’s commitment to leading in digital asset management and security.

Digital Daily Reported 

NEW: Robert Kiyosaki Warns of Growing U.S. Debt, Recommends Bitcoin as Hedge

Robert Kiyosaki, the author of “Rich Dad Poor Dad,” has sounded the alarm on America’s soaring debt, urging his X followers to safeguard their wealth. With the U.S. debt hitting a staggering $34 trillion and growing by $1 trillion every 90 days, Kiyosaki highlights the urgency of preparing for economic instability. His advice? Invest in proven store-of-value assets like gold, silver, and especially Bitcoin.

Kiyosaki’s stance comes at a critical time when financial experts express concerns over the nation’s increasing liabilities, potentially hampering the Biden Administration’s economic growth efforts. Despite some positive economic indicators, fears of a prolonged recession loom large. Kiyosaki, viewing Bitcoin not just as a hedge but as a significant opportunity for capital growth, has even suggested a potential surge in Bitcoin’s value to $300,000 by the end of 2024. His message is clear: in these uncertain times, Bitcoin emerges as a beacon for investors seeking stability and growth.

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Bitcoin Mining Energy Consumption | Record Highs

Bitcoin mining is reportedly using record levels of energy in the buildup to its April 15 halving. The digital asset’s miners used a massive 19.6 gigawatts of power in February 2024 and this is expected to keep on increasing till the halving date. One year ago, the figure for the same month was 12.1 gigawatts, showing a 62% increase in electricity demand for the mining process. 

The largest digital asset by market capitalization has an energy-intensive mining process. At the heart of this mining process is a rudimentary equation. Miners try to solve this equation through their computers and the mining reward is shared according to their performances. 

Anyone can participate in the…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Pepe: Market Cap of $3.5 Billion.
  2. Shiba Inu: Market Cap of $19.6 Billion.
  3. Render: Market Cap of $4.3 Billion.

MIDCAP COINS:

  1. FLOKI: Market Cap of $2.1 Billion.
  2. Meme Ai Coin: Market Cap of $9.2 Million.
  3. Fetch.ai: Market Cap of $2.3 Billion.

RISING COINS:

  1. Pandora: Market Cap of $186 Million.
  2. OpSec: Market Cap of $211 Million.
  3. K9 Finance: Market Cap of $24.8 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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Bitcoin ordinals volume jumps while ERC-404 experiment loses steam

Following bitcoin’s all-time high this week, ordinal inscriptions have entered a trading frenzy.

Ordinals were launched on Bitcoin in January last year. They allow NFTs to be directly created on Bitcoin’s blockchain by attaching images, videos, memes and other forms of artwork to individual satoshis — Bitcoin’s smallest divisible unit.

Sales volume on Bitcoin ordinals increased by 25.43% this past week, reaching almost $173 million in trading volume and a NodeMonke ordinal sold for over $1 million.

Read more: Bitcoin returned to all-time high faster than ever before (almost)

But not all have been benefiting from the renewed interest in NFTs. Pandora, the team behind the…

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Bitcoin Accumulation Addresses | Record Highs

Bitcoin recently reached an all-time high of almost $70,000 before experiencing a retracement. Notably, there has been a rising trend in Bitcoin accumulation addresses, with record inflows reported in a weekly analysis by CryptoQuant, a blockchain analysis platform.

These addresses, known for only acquiring BTC and never selling, are witnessing a surge in daily inflows, pushing their total holdings to a whopping 1.5 million BTC.

Rising Demand and Strong Indicators

As per CryptoQuant, the surge in Bitcoin accumulation addresses aligns with a surge in demand from spot Bitcoin Exchange-Traded Funds (ETFs), except for GBTC. These ETFs have collectively amassed around 360,000 BTC, representing…

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