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Hong Kong is embracing the much-awaited Ethereum ETF launch today. The historic event has triggered an array of activity in the crypto vertical. Amid the rising speculation, the head of digital asset management at China AMC, Zhu Haokang, shared how Ethereum ETFs will outperform Bitcoin ETFs in Hong Kong. The development will eventually give birth to a new wave of change for the space to encounter and explore.  Also Read: Ethereum April-End Price Prediction: Can ETH Hit $4,000? Ethereum ETFs Are Now a Reality  Source: Watcher.Guru Hong Kong is welcoming a new tidal wave of ETH ETFs as a new vertical for the region to explore. The ETFs started to trade a few hours ago, bringing in heavy volume speculation along with it. The launch is already at the forefront of the vertical, compelling analysts and traders to make predictions on it.  ChinaAMC said its IOP (initial offering period) scale today is: HK$950 million for ChinaAMC HongKong Bitcoin ETF ; HK$160 million for C

Lark Davis, a well-known cryptocurrency analyst and trader, has identified several significant developments in the Bitcoin ecosystem that could trigger an even more intense bull cycle than initially anticipated.  Davis’s perspective delves into the revolutionary changes in the Bitcoin ecosystem, such as institutional and global acceptance, which hold the potential to accelerate the current bull market. According to the analyst, there is about to be a big shock to the Bitcoin supply. This is a result of miners now being able to produce just 450 BTC each day, due to the recently concluded Bitcoin Halving event, which cut down miners’ reward in half. Bitcoin Spot ETFs Poised To Catalyzed Prices Another key catalyst pointed out by Davis is the US Spot Bitcoin Exchange-Traded Funds (ETFs). Since the approval of the products by the United States Securities and Exchange Commission (SEC) on January 10, over 3,000 BTC have been purchased on a daily basis. Cons

A judge will sentence Changpeng Zhao today for the crimes he committed at Binance. After he enters the US District Court for the Western District of Washington courthouse, he might proceed directly to prison for three years. Zhao admits that Binance processed trillions of dollars in unmonitored transactions and that failing to monitor those transactions violated the Bank Secrecy Act. He’s also admitted that he failed to stop or report on millions of dollars in illicit and sanctions-violating transactions that flowed through his exchange. A three-year prison sentence is prosecutors’ opening request and is double the initially estimated 18 months but far less than the once-threatened 10 years. Zhao’s lawyers, of course, are requesting zero time behind bars. Zhao says he’s no worse than BitMEX’s Arthur Hayes Zhao has already penned his heartfelt letter to Judge Richard Jones who will be determining the length and terms of his punishment. After Zhao chest-beat about his allegedly vol

CoinGecko, an on -chain multi -chain non-fungible token market explorer and a cryptocurrency data and Analysis company, has launched a non-fungible token collection to celebrate ten years since its inception. In this article, we shall explore more about the limited NFT Collection. CoinGecko Drops An NFT Collection To Mark 10th Anniversary In an April 24 blog post, CoinGecko confirmed launching a non-fungible token collection to mark ten years since the company launched. The NFT collection, which Features a fixed supply of 50,000 NFTs, will be airdropped to all mobile users who have updated their app to the latest version. The NFT minting started on April 24 and will end on May 1, 2024. Did you miss out on our 10th Anniversary NFT drop last week? Exciting news! We've just released an additional 10K NFTs so that more of you can participate and snag one for yourself. Redeem now ➡️ https://t.co/TiLrsf40rG https://t.co/2aoqHHNQ7p — CoinGecko (@coingecko) April 29, 2024 Laun

In the global market news, there’s been a sobering development. Investors swiftly exited Bitcoin ETFs yesterday, pulling out a substantial $218 million, halting the steady influx seen in recent months. This sudden shift dampens expectations for a Federal Reserve rate cut amid disappointing U.S. economic growth figures. It prompts investors to flee volatile assets such as Bitcoin. Approval of 11 ETFs in January sparked a surge, but yesterday marked the first day with no new funds entering IBIT. Industry leaders such as Grayscale and Fidelity faced significant outflows. Grayscale’s ETF took a hit with a $139.3 million loss, while Fidelity’s saw a $23 million outflow. These outflows signal a notable shift in sentiment towards stable investments amid economic uncertainty. Biggest Crypto Gainers Today – Top List As Bitcoin ETF withdrawals stir turmoil, the crypto market witnesses a contrasting narrative as other digital assets surge forward with renewed vigor. Among them are our top gai

The Bitcoin network has witnessed a surge in trading activity in the days after the halving, as shown by on-chain data. Although the just concluded halving brought a lot of attention to Bitcoin, the recent surge in trading activity can be attributed to something else. According to data from on-chain analytics platform IntoTheBlock, the number of daily BTC transactions has grown rapidly in the past few days to reach a new high of 927,000 thanks to a new token standard called Runes . Related Reading: Analysts Call It: XRP Primed For A 700% Surge – Details Bitcoin Daily Transactions Reach New All-Time High Bitcoin’s price has been skyrocketing since the beginning of the year with interest in the top cryptocurrency exploding. All that new interest means more people buying, selling, and trading BTC, which has led to a huge increase in the number of daily transactions.

The Federal Bureau of Investigation (FBI) has issued a caution to Americans regarding the use of crypto services that are not registered as Money Services Businesses (MSBs) under federal regulations. In a statement released by the FBI’s Internet Crime Complaint Center (IC3) on Thursday, it was emphasized that such services often fail to adhere to anti-money laundering protocols. Risks and Guidelines for Using Unregistered Crypto Services It is advised that individuals should verify whether a crypto service is registered as an MSB through a tool provided by the U.S. Financial Crimes Enforcement Network (FinCEN). Usage of the FinCEN tool revealed that registered firms include notable names like Coinbase and Kraken, the latter operating under the name Payward Financial Inc. The importance of compliance with Know Your Customer (KYC) regulations was also highlighted. KYC requirements typically encompass the provision of personal details such as name, date of birth, and address. The FB

The Pepe price climbed 3% in the last 24 hours to trade at $0.00000746 as of 01:36 a.m. EST on trading volume that rose 3% to $1.1 billion. This comes days after Coinbase International launched Pepe perpetual futures contracts trading, which has enabled clients outside the US to trade the meme coin using leverage. Pepe Price To Sustain Its Surge Over The Bullish Pennant The Pepe price soared 22% after futures were launched on Coinbase International to the resistance around $0.00000822. PEPEUSD Chart Analysis Source: Tradingview.com After an upward trend in March that saw the Pepe price soar to an all-time high of $0.00001064, buyers took a pause to catch their breath. As a result, the Pepe price consolidated, forming a tiny symmetrical triangle: a pennant. The Pepe price has been trading within the $0.00000735 and $0.0000080, which is over the upper boundary of the bullish pennant. Having breached the upper boundary, Pepe is set to soar even higher. PEPE is trading above both t

Bitcoin holders in the market for a terrifying fire-spewing robot dog can now get 10% off if they make their purchase using the world’s most popular crypto. The four-legged flame thrower — official name ‘Thermonator’ — is currently priced at $9,420 but, according to its seller Throw flame , buyers can knock off $942 if they use Bitcoin to make the purchase. If that wasn’t a sweet enough deal, Thermonator comes with free US shipping and a further discount if bought in bulk as a ‘wolf pack.’ To create the four-legged death-dealer, Throwflame has taken a robotic dog designed by Boston Dynamics and strapped to it one of its own ARC flamethrowers. In addition to the flame unit, which boasts a range of 30ft (9m) , Thermonator comes bundled with obstacle avoidance, an HD camera, one hour of battery life, and a laser pointer. It can also be remotely controlled using a mobile app. It's called "Thermonator" #Robotics #flamethrower pic.twitter.com/pcBB2zGYHj — Throwflame (

The fluctuations in Bitcoin’s price have marked the tempo of the crypto market and the community’s sentiment. While some feel pessimistic about the rally slowdown, some analysts believe the flagship cryptocurrency is just getting ready to reach higher notes. Related Reading: Is The Bitcoin Top Already Here? This Historical Pattern Says So Next Stop: Bitcoin’s “Parabolic Upside” Crypto analyst and trader Rekt Capital considers Bitcoin (BTC) is currently awaiting a period of consolidation. In an X post, the trader highlighted that, during the previous “Halvings,” BTC saw “Re-Accumulation Ranges.” The analyst shared his chart for Bitcoin phases during the “Halving,” which he has previously used to explain BTC was at the “Last Pre-Halving Retrace” before April 19. At the time, the analyst pointed out that the re-accu

Renzo Protocol’s liquid restaking token (LRT), ezETH , suffered a sharp depeg overnight, in response to an unpopular and misleading token omics announcement. LRTs are popular with so-called ‘airdrop hunters’ in the decentralized finance (DeFi) sector. Many opt to take on highly leveraged exposure to the ETH-pegged assets to increase their chances of receiving a portion of the project’s own token upon launch. However, the announcement faced significant backlash as it revealed that just 5% of Renzo’s REZ token supply was set aside for the initial airdrop (despite the disingenuous use of a not-to-scale pie chart). The image has since been adjusted. Oh wow, this is pretty bad from @RenzoProtocol 1st, a large portion of the tokens are going to investors and team 2nd, looks like they’re trying to skew how bad it looks with the design of the pie chart Notice the bottom “half” is 62%, whereas the two 2.5%’s appear to be ~20% pic.twitter.com/1TWIaC9fNI — Blur (@BlurCrypto) April 23, 20

Aurthor: OKX Web3 As we enter a new cycle, the risks of on-chain interactions are becoming increasingly exposed with the rise in user activity. Phishers typically use methods such as creating counterfeit wallet websites, stealing social media accounts, creating malicious browser extensions, sending phishing emails and messages, and publishing fake applications to lure users into disclosing sensitive information, leading to asset losses. Phishing activities exhibit characteristics of diversity, complexity, and stealthiness. For example, phishers often create counterfeit websites that resemble legitimate wallet platforms, enticing users to input their private keys or mnemonic phrases. These counterfeit websites are usually promoted through social media, emails, or advertisements, misleading users into believing they are accessing legitimate wallet services, thereby stealing their assets. Additionally, phishers may impersonate wallet customer support or community administrators, sending u