Markets

The firm, co-founded by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang, is looking to tap into institutional interest in the space following a bear market lull in VC investing. It would be one of the largest new crypto VC funds raised since the market downturn last year, according to an April 3 Bloomberg report citing anonymous sources. The peak for crypto VC fundraising came in May 2022, when venture firm Andreessen Horowitz (a16z) raised a $4.5...

Coinbase’s Layer 2 network – Base – has been dominating the L2 landscape. March has been particularly lucrative for the scaling solution gaining significant traction as a result of increased meme coin frenzy as well as airdrops in recent weeks. With approximately 890,000 daily active addresses, Base has yet again taken the lead, indicating a significant user base engagement, according to IntoTheBlock. ‘Base Spring’ The on-chain intelligence platform also found that Base’s...

TL;DR ChatGPT predicts that well-known cryptocurrencies could lead the meme coin sector in April due to their substantial community support, while also highlighting the rising popularity of new contestants. The chatbot stresses the importance of thorough market research and awareness of the risks involved in investing in such volatile assets. No Surprises? The meme coin sector has made serious waves lately, with numerous assets of that type charting impressive price rallies...

Binance will soon close its Bitcoin NFT marketplace after opening its trading venue to the network’s collectibles less than one year ago. In a blog post on Thursday, the crypto exchange said it will “cease support for trades and deposits of Bitcoin NFTs” starting April 18 at 6:00 UTC. Binance Exits From Ordinals The exchange noted that its support for “any further airdrops, benefits, or utilities” related to Bitcoin NFTs will wrap up on April 10. The decision to cut Bitcoin...

Cats are having their moment in the wild world of meme coins. A couple of quirky tokens, cat in a dogs world (MEOW) and Book of Meow (BOMEOW), have taken the market by storm this week with blistering rallies. But while traders scramble to get involved with these “cat coins,” a different animal-themed project is quietly building hype – Slothana (SLOTH). cat in a dogs world Rallies 459% in Just 4 Days When it comes to this week’s cat craze, cat in a dogs world has been leading...

CoinspeakerPresent and Future of Oracle Market: Interview with Angus Tookey According to Angus Tookey, Oracles remain the hidden backbone of the blockchain ecosystem, enabling the transfer of billions of dollars of value every day. Present and Future of Oracle Market: Interview with Angus Tookey

EOS price started a fresh decline after it failed to clear $1.1350 against the US Dollar. The price is now trading below $1.050 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $1.10 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $1.00 and $1.020 resistance levels. EOS price is struggling below $1.020 against the US Dollar,...

Litecoin is gaining pace above the $90.00 resistance against the US Dollar. LTC price is now trading above $95.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $97.40 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $103.20 and $105.00 resistance levels. Litecoin price is holding gains above $90 against the US Dollar, like Bitcoin. LTC...

Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily trading turnover now stands at $5.4 billion, representing a 36% decline from its peak three weeks ago. However,...

TL;DR The Real-World Asset (RWA) niche, prominently featuring Ondo (ONDO) as its leader, showcases significant growth and investor interest in blockchain tokenization of physical assets. Other key players in the cohort, like XDC Network (XDC) and Polymesh (POLYX), exhibit varying performances, from market corrections to impressive gains, underscoring the sector’s dynamic nature. Ondo (ONDO) Real-world Assets (RWA) have become quite popular lately. They represent certain...