Attention all crypto enthusiasts! Brace yourselves for the most exciting news of the day ! The crypto market is ablaze with a global market cap of $1.18 trillion, and the OG crypto king, Bitcoin (BTC), leading the charge with a stunning surge past the $28,000 mark. But wait, there’s more! Ethereum (ETH), Ripple (XRP), Solana (SOL), and Litecoin (LTC) are all soaring high with gains across the board. And hold on to your hats, folks — Stacks (STX) token is stealing the show with an unbelievable 24-hour jump of over 13 percent! It’s not all sunshine and rainbows, though, as Render Token (RNDR) has unfortunately experienced a dip of nearly 3 percent. But fear not, the global crypto market cap has increased by 1.40 percent, and we can’t wait to see what the future holds. So don’t miss out on the action, stay tuned for more thrilling updates!
Latest News
Game On: Binance and Circle Partner to Influence UK’s Crypto Regulation
Leading cryptocurrency firms Binance and Circle have offered their recommendations to the UK government regarding new regulations for digital asset trading and lending. Binance has stressed the importance of a balanced approach to regulation that does not stifle growth, while Circle has called for more clarity on the distinction between cryptoasset activity and payment stablecoins. Both companies have suggested registration processes that are simple and transparent.
Bitcoin Breaks Records: Daily Transactions Reach 3 Million, Hitting an All-Time High
Despite a dip in Bitcoin's price, its daily transactions have reached a record-breaking 3 million, leading to an increase in transaction fees. The surge in Bitcoin Ordinals, created on the Bitcoin network, has contributed to the rise in fees. The BRC-20 token standard has also allowed the creation of fungible tokens and NFT-like assets on the Bitcoin blockchain, leading to the rise in inscriptions.
From Bitcoin Bet to Crypto Bull: Balaji Srinivasan’s Unwavering Faith in Cryptocurrencies
Tech investor Balaji Srinivasan withdrew from his $1 million Bitcoin bet but still holds an unwavering belief in cryptocurrencies. He believes that the US dollar is heading towards hyperinflation, and the economy will not experience a “soft landing” as promised by the Federal Reserve chairman. Srinivasan’s view is that countries are “de-dollarizing” at a rapid pace, and a fiat crisis is expected, and people should be prepared for it.
Skyrocketing Fees: Ethereum On-Chain Fees Surge by 153% in Just One Month
The implementation of the Shapella upgrade on April 12 has caused Ethereum on-chain fees to increase by over 153% in the past 30 days. As more users transact on the Ethereum network, the average cost of transactions has surged from $4.65 per transfer to $11.80 per transaction. The L2 scaling solutions, Arbitrum and Optimism, have seen a surge in their daily transaction volumes since the Ethereum upgrade.
Powerless: Crypto Miners Left in the Dark as Canadian Province Denies Energy for Months
New Brunswick’s power company has denied energy applications from crypto miners and other large-scale users since 2022 due to concerns over “additional load demand.” The moratorium was endorsed by the provincial government, and a review of the crypto sector and its impact on the energy supply was ordered. Other Canadian provinces and US states have also imposed similar moratoriums on crypto mining.
That’s it for today’s News, Keep Your Crypto Game Strong with our Electrifying Updates!