Day: April 30, 2025

Worldcoin Surges as Coinbase Adds WLD to its Listing Roadmap

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Worldcoin gains bullish momentum with a high trading volume as Coinbase adds it to the listing roadmap.

 

World coin, the token for the Worldcoin identity project, has surged 4.04% with a 22.24% increase in trading volume in the past 24 hours, at press time per CoinMarketCap data. The surge could be fueled by a new development in WLD’s market and a shift in investor conviction. Considering that the coin is backed by Sam Altman’s AI-driven blockchain project, WLD  faces renewed market interest.

 

In a recent announcement on X (formerly Twitter), Coinbase has announced that it will add WLD to its listing roadmap. This could suggest a growing confidence in the project, thus shifting market sentiment reflected on Worldcoin’s surging price.

A look into WLD’s technical indicators revealed a brewing bullish momentum. The MACD (12,26), short-term and mid-term moving averages flash a “strong buy” signalling heightened buying pressure. With a rising (+2.64%) open interest, Worldcoin could rally in the next few days as Coinbase’s announcement hit the wider crypto market.

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partyushgoyal

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Russia Ranks as the Most Profitable Bitcoin Mining Region Globally

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Russia has emerged as a very profitable Bitcoin mining region based on electricity and mining costs per BTC.

 

Bitcoin mining has been a profitable sector since the birth of the cryptocurrency market. However, as miner rewards decrease after every Bitcoin halving event and the cost of mining equipment rises, investors have to be strategic about their firm locations. This is due to varying costs of electricity, tax policies, and other factors that slash profit margins across different regions.

A recent report by NFT Evening has analyzed mining costs across different regions globally, considering electricity costs in each location. According to the data, Russia has ranked as the most profitable BTC mining region. It costs approximately $39k to mine 1 BTC, worth $95k in the current market price.

 

Source: NFT Evening

 

A country like Germany costs $230k while the U.S costs $85K per Bitcoin mined. There exists a significant profit margin for investors mining in Russia due to affordable energy, as Western nations face low cost-efficiency in the mining process.

Russia’s energy advantage could reshape the BTC mining industry and global hashpower distribution.

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partyushgoyal

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FIFA Plans to Launch EVM-compatible Blockchain Advancing Sport-tech

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FIFA has announced plans to step into Web3 with its own EVM-compatible blockchain, signaling a shift in sports technology.

 

Blockchain technology stands out as a key element in revolutionizing the next wave of the digital economy and its diverse sectors. Considering gaming and sports, blockchain technology has proven itself significant in ensuring data safety and transparency for players.

 

FIFA, the international body for association football(soccer), has announced its plans to have its own Ethereum Virtual Machine (EVM)- compatible blockchain named FIFA Blockchain. According to the official website, the organization expects a migration of its collectibles platform, FIFA Collect, to this new blockchain network.

The new network will facilitate web3 incorporation, such as gaming, NFTS, and fan tokens. This development will allow FIFA to have full control of the user experience and minimize reliance on third-party service providers, thus cutting costs. Additionally, the organization will get a chance to participate in the growing Web3 ecosystem and advance blockchain adoption.

 

 

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partyushgoyal

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Crypto Market Capital Inflows Surges $13.5 Billion in 10 Days

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The crypto market capital inflows have soared from 1.5 billion to $15 billion between April 19 and april 29 signalling new investor optitmism.

 

Global markets are flashing signs of economic recovery and stability driven by cooling trade war tensions. As a result, economic policies by national governments across the globe are providing liquidity in the market. The global liquidity index is projected to rise in the coming months. Historically, the crypto market tends to rise as investors consider risky and rewarding assets in their portfolio.

Recent data by Glassnode has revealed a major shift in the crypto market capital inflows. According to the on-chain data, the market capital inflows surged from 1.5 billion from  April 19 to April 29. Such a sharp spike in capital inflow signals heightened investor optimism towards digital assets.

Source X

 

The net position change for BTC and ETH has increased, signaling an accumulation phase among investors. Stablecoins have gained substantial inflows, suggesting fresh liquidity in the market, awaiting deployment in digital assets. The market could be gearing up for new highs and a significant comeback.

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partyushgoyal

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BlackRock Files To Tokenize Shares of its $150B Money Market Fund

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The world’s largest asset manager, BlackRock, has taken a bold step into web3 by filing to tokenize shares of its $150 billion money market fund.

 

Asset tokenization is a key aspect of Web3 and the future of the digital economy. BlackRock, the largest asset manager in the world, has acknowledged the shift in modern finance, fuelled by a rising desire for digital assets.  Investors can now own a whole or a part of a real-world asset located in their dream locations across the globe without physical relocation, through the concept of tokenization.

 

In response to the demand for asset tokenization, BlackRock has officially filed to tokenize shares of its massive $150 billion money market fund. The financial giant signals its adaptation to the changing landscape of the digital economy and traditional finance, fuelled by blockchain technology adoption.

If the filing is successful, everyday investors could find a new way of interacting with traditional assets. Additionally, this makes the ownership and asset transfer process faster and easier as it happens on-chain with less documentation.

 

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