Base creator Jesse Pollak believes memes will be key to onboarding millions of users to his Coinbase-adjacent layer-2 network, which has already tripled in total value locked (TVL) since March. During a memecoin hackathon in New York on April 20, Pollak said memes are an important part of the on-chain economy, adding that he is…

Bitcoin recovered sharply from the intra-week lows and is likely to close the halving week with a minor loss of roughly 1%. According to Farside Investors data, the spot Bitcoin exchange-traded funds witnessed an inflow of $30.4 million a day before the halving, halting the five successive days of outflows. The Grayscale Bitcoin Trust (GBTC) has seen the…

The fourth-ever Bitcoin halving occurred a few hours ago at the 840,000th block. The halving is considered the most important economic mechanism influencing Bitcoin supply and creating scarcity for the asset. The Bitcoin network’s fourth halving event, reduced block issuance rewards from 6.25 BTC to 3.125 BTC per mined block, effectively slashing Bitcoin’s issuance rate in…

Another Bitcoin halving has come and gone, the fourth so far, and this one was like no other before it, with institutional investment playing a key role for the very first time. Bitcoin halvings have been historically associated with one essential similarity — a subsequent spike in BTC price, which often occurs some time after the…

Stablecoin operator Tether is strengthening ties with Telegram’s Web3 ecosystem by launching its U.S. dollar-pegged USDT stablecoin on The Open Network (TON). Tether made the announcement on April 19, also revealing it would launch the gold-pegged Tether Gold (XAUT) stablecoin on TON as well. The announcement came in conjunction with Tether CEO Paolo Ardoino’s and Telegram founder Pavel Durov’s…

The viral clicker game Notcoin “just solved the issue” of bringing Telegram users into crypto, according to Sasha Plotvinov, founder of Open Builders, the team behind the game. In January, the crypto game broke records by having 20 million sign-ups within 26 days of its release. Compared to another popular blockchain-based game called Axie Infinity, which…

Bitcoin has successfully gone through its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again. The event has the crypto community eagerly awaiting what’s next for Bitcoin’s price, with some predictions reaching as high as $250,000. At the time of publication, Bitcoin’s price is $63,960,…

Tether — the operator of the eponymous Tether stablecoin, the world’s largest stablecoin by market value — is restructuring to introduce new divisions beyond stablecoin development. The stablecoin giant has launched a new framework introducing four new business divisions, including Tether Data, Tether Finance, Tether Power and Tether Edu, according to an official announcement on April 18. With…

Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%. The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 report from The…

Binance, the world’s largest cryptocurrency exchange, received a long-awaited regulatory license in Dubai. Binance received its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao gave up his voting power in the exchange’s local entity, unnamed people familiar with the matter told Bloomberg on April 18. The Virtual Assets Regulatory Authority’s (VARA) final requirement for granting…