π Ethereum Struggles: Key Metrics Decline
Ethereum is facing challenges as key blockchain indicators trend downward:
π Active addresses β decreasing
π Fee burning β declining
π Burn per transaction β dropping
π Inflation β rising
According to CryptoQuant, these factors highlight Ethereumβs ongoing issues, contributing to ETHβs depreciation. Can the network turn things around? π
Ethereum is facing challenges as key blockchain indicators trend downward:
π Active addresses β decreasing
π Fee burning β declining
π Burn per transaction β dropping
π Inflation β rising
According to CryptoQuant, these factors highlight Ethereumβs ongoing issues, contributing to ETHβs depreciation. Can the network turn things around? π
π4
Tron Increases USDT Transfer Fees ππ΅
Tron keeps profiting from users' habit of sending USDT on TRC-20.
At the start of April, the fee for sending USDT to new wallets nearly doubled, reaching 27 TRX ($6.2) π (source).
Ironically, Tron gained popularity as a cheaper alternative to Ethereumβs high fees in 2017-2018. Now, with Ethereumβs costs dropping, why are people still using Tron? π€
Tron keeps profiting from users' habit of sending USDT on TRC-20.
At the start of April, the fee for sending USDT to new wallets nearly doubled, reaching 27 TRX ($6.2) π (source).
Ironically, Tron gained popularity as a cheaper alternative to Ethereumβs high fees in 2017-2018. Now, with Ethereumβs costs dropping, why are people still using Tron? π€
π’6π4π2
π XRP Activity Surges by 490%!
The number of active XRP addresses has skyrocketed +490% from its 2022 cycle low! π
For comparison, Bitcoinβs network activity grew by just +10% over the same period.
According to Glassnode, XRP is becoming the new favorite among retail traders. Is this the start of a major shift? π
The number of active XRP addresses has skyrocketed +490% from its 2022 cycle low! π
For comparison, Bitcoinβs network activity grew by just +10% over the same period.
According to Glassnode, XRP is becoming the new favorite among retail traders. Is this the start of a major shift? π
β€6π₯4
π DEX Volume in March: Ethereum vs. Solana
In March, decentralized exchanges processed $245.8B in total volume.
πΉ Ethereum led with $64.7B (26.3%)
πΉ Solana followed closely with $52.6B (21.4%)
Solana continues to challenge Ethereumβs dominance in DeFi. Will this trend continue? π
In March, decentralized exchanges processed $245.8B in total volume.
πΉ Ethereum led with $64.7B (26.3%)
πΉ Solana followed closely with $52.6B (21.4%)
Solana continues to challenge Ethereumβs dominance in DeFi. Will this trend continue? π
π€6π2
π¨π³ China Hits U.S. with Tariffs, Bitcoin Drops
China has announced 34% tariffs on U.S. goods starting April 10.
Markets reacted instantly, with Bitcoin briefly falling below $82,000 amid rising economic tensions. π
Geopolitics continues to shake the crypto marketβwhatβs next? π€
China has announced 34% tariffs on U.S. goods starting April 10.
Markets reacted instantly, with Bitcoin briefly falling below $82,000 amid rising economic tensions. π
Geopolitics continues to shake the crypto marketβwhatβs next? π€
π8π¨3
π Bitcoin Hashrate Hits New ATH!
Yesterday, Bitcoinβs hashrate set another all-time high, proving that miners are doubling down despite market corrections. πβ‘οΈ
Bitcoin maximalists, like El Salvadorβs BTC advisor Max Keiser, argue that hashrate is a stronger indicator than price charts. Do you agree? π€
Yesterday, Bitcoinβs hashrate set another all-time high, proving that miners are doubling down despite market corrections. πβ‘οΈ
Bitcoin maximalists, like El Salvadorβs BTC advisor Max Keiser, argue that hashrate is a stronger indicator than price charts. Do you agree? π€
π7β€1π₯1
π Happy 50th, Satoshi Nakamoto?
Today, the mysterious creator of Bitcoin, Satoshi Nakamoto, might be turning 50 years old. π
On the P2P Foundation website, Satoshi listed April 5, 1975 as their birthdate. Whether real or symbolic, it's a fun reminder of the legend behind Bitcoin. π΅οΈββοΈπ§‘
Today, the mysterious creator of Bitcoin, Satoshi Nakamoto, might be turning 50 years old. π
On the P2P Foundation website, Satoshi listed April 5, 1975 as their birthdate. Whether real or symbolic, it's a fun reminder of the legend behind Bitcoin. π΅οΈββοΈπ§‘
β€9π5
Michael Saylor and Strategy just tanked a stock market apocalypse like it was nothing. π₯
While tariff wars rocked the markets, investors looked at one thing: 528,000 BTC worth $35B sitting strong on the companyβs balance sheet πΌπ°
No fancy hedging, no panic selling β just pure Bitcoin conviction.
Wall Street may wobble, but Saylorβs strategy stands tall. Investors said βYesβ to the hardest asset in the room. πͺ
While tariff wars rocked the markets, investors looked at one thing: 528,000 BTC worth $35B sitting strong on the companyβs balance sheet πΌπ°
No fancy hedging, no panic selling β just pure Bitcoin conviction.
Wall Street may wobble, but Saylorβs strategy stands tall. Investors said βYesβ to the hardest asset in the room. πͺ
π14β€4π3
π Black Monday vibes incoming...
Bitcoin has plunged below $76,000, and ETH is generously offering flashbacks to bear market prices β rapidly creeping toward $1,000 again π
But thereβs no need to be too upset β itβs not just crypto. Stocks are tumbling π, oil is dropping π’, and everyoneβs waiting to see how the U.S. market opens π«£
Might be a good day to not check your portfolio π
Bitcoin has plunged below $76,000, and ETH is generously offering flashbacks to bear market prices β rapidly creeping toward $1,000 again π
But thereβs no need to be too upset β itβs not just crypto. Stocks are tumbling π, oil is dropping π’, and everyoneβs waiting to see how the U.S. market opens π«£
Might be a good day to not check your portfolio π
π±7π4β€2π₯1
π Dow Jones today vs. Black Monday 1987
While todayβs drop is βjustβ -5.5% vs. -22% back in β87, the market is now on track for its worst 3-day streak since that infamous crash.
History doesnβt repeat, but it sure rhymes β and this verse isnβt pretty. π₯΄
While todayβs drop is βjustβ -5.5% vs. -22% back in β87, the market is now on track for its worst 3-day streak since that infamous crash.
History doesnβt repeat, but it sure rhymes β and this verse isnβt pretty. π₯΄
π7π±2π’1
π₯ $1.37B liquidated in 24h!
Bybit takes the crown with $549M in liquidations, thanks to full transparency. Meanwhile, other exchanges (π Binance) seem a little too calm for the chaos we just saw.
So yeah, odds are the real liquidation total is even higher β but hey, at least someoneβs being honest out here.
Bybit takes the crown with $549M in liquidations, thanks to full transparency. Meanwhile, other exchanges (π Binance) seem a little too calm for the chaos we just saw.
So yeah, odds are the real liquidation total is even higher β but hey, at least someoneβs being honest out here.
π’6β€1π1
π FTX strikes again β but this time with legal fine print.
The bankrupt exchange has officially wiped out 392,000 customer claims worth over $2.5 billion because users didnβt pass KYC before March 3 π§Ύπ«
Thatβs $655M in small claims and $1.9B in larger ones β all gone with the court's approval. Just like that, FTX saved itself a multi-billion-dollar payout πΈ
Moral of the story? In crypto bankruptcy land, no KYC = no mercy.
The bankrupt exchange has officially wiped out 392,000 customer claims worth over $2.5 billion because users didnβt pass KYC before March 3 π§Ύπ«
Thatβs $655M in small claims and $1.9B in larger ones β all gone with the court's approval. Just like that, FTX saved itself a multi-billion-dollar payout πΈ
Moral of the story? In crypto bankruptcy land, no KYC = no mercy.
π6π2
π» Bitcoin just hit 1 ZETAHASH!
For the first time ever, BTC's network hash rate reached 1 ZH/s β that's 1,000 exahashes every second (aka a quintillion hashes per exa π΅).
What does it mean? The mining difficulty is about to go up to keep that sweet 10-minute block time stable.
But with the market dumping, smaller miners might not survive this power surge β expect some to shut down or get absorbed. Survival of the fittest! πͺβ‘οΈ
For the first time ever, BTC's network hash rate reached 1 ZH/s β that's 1,000 exahashes every second (aka a quintillion hashes per exa π΅).
What does it mean? The mining difficulty is about to go up to keep that sweet 10-minute block time stable.
But with the market dumping, smaller miners might not survive this power surge β expect some to shut down or get absorbed. Survival of the fittest! πͺβ‘οΈ
π12β€3
π BTC Futures Open Interest Drops to $34.5B
Open interest in Bitcoin futures has dipped to $34.5B, with Glassnode noting that even a short-lived bounce from the $33.8B low on April 3 wasnβt enough to break the broader downtrend.
The futures market keeps shrinking as risk appetite across the board continues to fade. Traders are clearly playing it safe β or just napping through the volatility. π΄π€
Open interest in Bitcoin futures has dipped to $34.5B, with Glassnode noting that even a short-lived bounce from the $33.8B low on April 3 wasnβt enough to break the broader downtrend.
The futures market keeps shrinking as risk appetite across the board continues to fade. Traders are clearly playing it safe β or just napping through the volatility. π΄π€
π€4
πΊπΈ Trump Urges Fed to Cut Rates Amid Economic Slowdown
Donald Trump is calling out the Fed again:
He blames the Fed for being too slow β first with hikes, now with cuts β and warns the U.S. economy is βchokingβ while the Fed stalls.
π₯ Meanwhile, the Fed is holding a closed-door meeting today to possibly revise the discount rate (used for short-term loans to banks).
π Market signals:
β’ 40% chance of an emergency fed rate cut next week
β’ 50% chance of a cut in May
Trumpβs pressure adds fuel to the rate-cut speculation β will the Fed act or wait? Eyes on the outcome. π
Donald Trump is calling out the Fed again:
π£ βOil prices are down, food prices are. Thereβs NO INFLATION. Yet rates are still too high!β
He blames the Fed for being too slow β first with hikes, now with cuts β and warns the U.S. economy is βchokingβ while the Fed stalls.
π₯ Meanwhile, the Fed is holding a closed-door meeting today to possibly revise the discount rate (used for short-term loans to banks).
π Market signals:
β’ 40% chance of an emergency fed rate cut next week
β’ 50% chance of a cut in May
Trumpβs pressure adds fuel to the rate-cut speculation β will the Fed act or wait? Eyes on the outcome. π
π11π1