Month: April 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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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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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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Hyperliquid Attempts Breakout above $19-Will the Bulls Push Through?

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HYPE has surged 8% in price, with a high trading volume, while testing a key resistance zone. This suggests potential accumulation amid an upcoming ecosystem fee discount.

 

Hyperliquid, the rising decentralized finance ecosystem, has made a major announcement regarding the future of crypto trading on its network. The ecosystem announced plans to launch a new fee discount on May 5. Following this news, traders have shown optimism and are potentially accumulating the coin in anticipation of more gains.

The daily chart shows HYPE has bounced off a key support zone twice, indicating a price reversal. The coin’s bullish momentum has strengthened, and it is testing the $19 key resistance zone as the bulls step in cautiously.

 

Source: CoinMarketCap

 

According to renowned crypto analyst, Solberg Invest, a confirmed breakout above the $19 key resistance zone could see HYPE rally to $36 in the mid-term. Following the recent discount announcement, HYPE could break this zone and begin its rally.

With the MACD (12,26) and moving averages suggesting a “strong buy”, Hyperliquid is geared up for a rally. Traders are closely monitoring HYPE at the $19 resistance zone for further insights.

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Dogecoin Goes Mainstream as 21Shares File for First Spot DOGE ETF

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Dogecoin’s journey from a meme to a key digital asset integrated with traditional finance will be historic in the crypto space.

 

Crypto investors, especially memecoin enthusiasts, are overwhelmed by the latest development in the memecoin market. Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list shares of 21shares Dogecoin Spot ETFs. If approved, traditional investors will gain direct exposure to DOGE without having to hold the memecoin themselves.

 

In addition, Nasdaq has submitted a Form 19b-4 to the SEC seeking approval to list the ETF on its exchange. The proposed Dogecoin ETF is a huge step towards mainstream crypto adoption. As cautious traditional investors gain exposure to such ETFs, this could trigger a desire to learn more about digital assets.

 

Crypto traders and enthusiasts have applauded Dogecoin’s journey from a mere social media meme to a key digital asset in mainstream finance. This reflects the community’s resilience over the years and belief in the future of digital finance.

 

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Ethereum New EIP-9698 Proposal: Here’s What You Need to Know

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Ethereum’s newly proposed EIP-9698 with major upgrades promises faster transactions, lower fees, and improved scalability.

 

 

On April 27, Dankrad Feist from the Ethereum Foundation updated the Ethereum network protocol with the EIP-9698 proposal. This plan will increase the network’s gas limit gradually, making it 100 times larger over the next four years. It could raise Ethereum’s transaction capacity to about 2,000 transactions per second (TPS).

The proposal outlines a clear plan to gradually increase the gas limit starting from June 1, 2025. This plan includes several phases: an initial 10-time increase over the first four years. After that, there will be another 10 times increase, raising the gas limit from the current 36 million to 3.6 billion.

This upgrade could help Ethereum blocks handle up to 6,000 transactions, a big improvement from the current limit of about 20 TPS. This change would make the network faster and help Ethereum compete better against quicker chains like Solana and the BNB Chain.

Source: Chainspect

As Ethereum develops, EIP-9698 could lead to one of the most important advancements in scaling since The Merge. This change could open the door for a new age of fast and efficient decentralized applications.

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Ethereum Weekly Active Adresses Hits a New All-time High-Impact on ETH?

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The Ethereum ecosystem has hit a new all-time high of 15.4 million in weekly active addresses. What does this mean for ETH?

 

Ethereum network has seen a 62.7% surge in network activity over the past 7 days, suggesting heightened market participation. According to on-chain data, the ecosystem has hit 15.4 million active addresses as its layer 2 solutions signal dominance. With layer 2s showing a 6.65 times higher usage, Ethereum’s scalability could be on the process.

 

Source:X

 

What does this mean for ETH?

Ethereum has surged 2.93%  with a 12.86% increase in trading volume over the past 24 hours. In the past 7 days, ETH has gained nearly 7% in price uptrend signalling renewed investor interest. The long-short ratio stands at 1.0268 per Coinglass data, as of press time.

The King of altcoins is currently fluctuating around $1821, per CoinMarketCap. With a spike in Open Interest (OI) funding rate in the past 24 hours, Ethereum could be eyeing a breakout above $ 2000 in the next few days.

 

 

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Bitcoin Miner Reserve Hit Lowest Levels as Miners Capitalize on Surging Price

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Bitcoin miners are capitalizing on BTC’s surging prices and have sold 943 BTC, reducing reserves to the lowest levels in 15 years.

 

As the Bitcoin price surges towards the psychological $100K, miners have taken advantage of the price increase to pocket profits. A look into the on-chain metrics reveals that miners have been capitalizing on BTC’s price rally, selling around 943 Bitcoins.

They have pocketed approximately $850 million between April 15 and April 28. The sell-off came during Bitcoin’s price rally from $84,000 to around $94,570.

 

Source: X

 

As a result of this capitalization, Bitcoin reserves have declined from approximately 1.8083 to 1.8081 million BTC in this period. This is the lowest since February 2010, 15 years ago.

Why are Miners Selling BTC?

Miners face pressure from increased operational costs that could trigger financial instabilities. The trade tariff war in April hit miners hard as equipment prices surged. Additionally, reduced block rewards post the Bitcoin halving event meant decreased income.

However, the rising institutional demand for BTC is absorbing the miner supply, and BTC’s rally remains unaffected by the sell-offs.

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