The Depository Trust and Clearing Corporation (DTCC), a key player in financial services offering clearing and settlement services, has declared its decision not to allocate any collateral to exchange-traded funds (ETFs) linked to Bitcoin or other cryptocurrencies, and will not extend loans against them.
Effective April 30, 2024, DTCC will enact alterations to collateral values for specific securities during its annual line-of-credit facility renewal, potentially impacting position values in the collateral monitor.
This announcement made on April 26 signifies that ETFs and analogous investment instruments backed by Bitcoin or other cryptocurrencies will be deprived of any collateral value, resulting in a complete reduction of 100% in their collateral value.
However, as cryptocurrency enthusiast K.O. Kryptowaluty elucidated in a post, this decision will solely affect inter-entity settlement within the line of credit system.
A line of credit represents a borrowing agreement between a financial institution and an individual or entity, permitting the borrower to access funds up to a predetermined credit limit, with interest typically applied solely to the borrowed amount.
According to Kryptowaluty, leveraging cryptocurrency ETFs for lending and as collateral in brokerage activities will proceed unaffected, contingent on the risk tolerance of individual brokers.
While DTCC has taken a stance against crypto ETFs, the sentiment is not mirrored across all traditional players.
Goldman Sachs’ clients have reentered the crypto market in 2024, propelled by revived interest post the approval of spot Bitcoin ETFs.
READ MORE: Hong Kong Approves First Wave of Spot Bitcoin and Ether ETFs for Trading
The debut of spot Bitcoin ETFs in the United States has ignited escalating institutional interest in this investment vehicle.
Within a mere three months of their introduction, all U.S.-based Bitcoin ETFs have amassed over $12.5 billion in assets under management.
In February, an estimated 75% of fresh Bitcoin investments stemmed from the 10 spot Bitcoin ETFs greenlit in the U.S. on Jan. 11.
Nevertheless, net inflows into the ETFs have recently decelerated. Various ETF issuers have reported substantial outflows of late.
As per Farside Investors, spot Bitcoin ETFs in the U.S. witnessed a net outflow of $218 million on April 25, following a $120 million outflow the prior day.
Grayscale’s GBTC ETF observed a notable single-day outflow of $82.4197 million. Data from Farside indicates a significant total net outflow from GBTC, tallying up to $17.185 billion.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Doge With Hat (DOGEHAT) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Doge With Hat (DOGEHAT), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Doge With Hat presents a similar opportunity.
Doge With Hat has market cap below $10,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 5,300% in the coming two days, and Doge With Hat could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Doge With Hat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Doge With Hat on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Doge With Hat by entering its contract address – 2Tw3MJ2wCZZte6GvfaqVch3WQnwfdJByST7ih7e62yjb – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DOGEHAT.
Homo Dogecoin (HODOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Homo Dogecoin (HODOGE), a new Solana memecoin that was launched this week, is poised to explode over 8,000% in price in the coming days.
This is because HODOGE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homo Dogecoin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homo Dogecoin could become the next viral memecoin.
Homo Dogecoin launched with over $54,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Homo Dogecoin on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Homo Dogecoin by entering its contract address – DJZH5cyaQNzyRVVMEyvhNfGZm7x6JswKvtVAUw91syVR – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HODOGE.
Homo Dogecoin (HODOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Homo Dogecoin (HODOGE), a new Solana memecoin that was launched this week, is poised to explode over 8,000% in price in the coming days.
This is because HODOGE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homo Dogecoin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homo Dogecoin could become the next viral memecoin.
Homo Dogecoin launched with over $54,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Homo Dogecoin on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Homo Dogecoin by entering its contract address – DJZH5cyaQNzyRVVMEyvhNfGZm7x6JswKvtVAUw91syVR – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HODOGE.
The Shiba Inu development team is readying for a substantial overhaul of the Shibarium network, slated for a hard fork on May 2nd.
“This pivotal change is designed to reshape the user experience and bolster the network’s infrastructure to support a rapidly expanding ecosystem,” shared through official channels including X and a comprehensive blog post.
In blockchain technology, a hard fork mandates all users and nodes to upgrade to the newest software version, paving the way for innovative features and enhancements.
The impending Shibarium hard fork will introduce significant changes.
One core objective is to boost transaction processing speeds, promoting network efficiency and reducing bottlenecks.
Additionally, the hard fork aims to stabilize transaction fees, especially during peak network usage, to make transactions more affordable and inviting for users.
Security and stability are also focal points.
READ MORE: Franklin Templeton Launches Spot Ether ETF on DTCC Platform Amid SEC Review
The upgrade will implement improved security measures and fortify the network infrastructure to safeguard against potential vulnerabilities, ensuring a safe environment for transactions.
The Shiba Inu development team’s blog post, titled “Shibarium Network Hard Fork Update: Faster, Cheaper, and Ready for the Future,” highlights a strategic vision extending beyond immediate gains.
The goal is to prepare Shibarium for mass adoption, enhancing network capabilities while maintaining affordability and user-friendliness.
Anticipating a significant reduction in transaction costs, the team projects fees as low as 0.0000219 BONE ($0.00001), emphasizing inclusivity within the financial ecosystem.
With the Shibarium hard fork scheduled for May 2nd, the community is urged to stay informed about ongoing developments and prepare for the changes.
This upgrade marks a crucial phase in Shibarium’s evolution, aiming to enhance its effectiveness and accessibility.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Homer on Solana (HOMSOL) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Homer on Solana (HOMSOL), a new Solana memecoin that was launched this week, is poised to explode over 8,000% in price in the coming days.
This is because HOMSOL has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homer on Solana can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homer on Solana could become the next viral memecoin.
To buy Homer on Solana on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap SOL for Homer on Solana by entering its contract address – 3FfVJSBVgWptopDgtMqsNWPQbzDBt6VHqM1Y2SMMNL95 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HOMSOL.
Dogecoin (DOGE) has emerged as the standout among meme coins following the conclusion of Q1’s meme frenzy, showing an increase in value over the past month.
According to insights from IntoTheBlock, an on-chain data provider, Dogecoin has experienced a rally of 4.43% in the last 30 days.
In contrast, meme coins like Pepe (PEPE) and Shiba Inu (SHIB) have seen declines, with decreases of 33% and 25.28%, respectively.
In the latest trading session, Dogecoin is valued at $0.16, marking a 4.77% increase over the past 24 hours.
Coinmarketcap data indicates that this upsurge aligns with the broader crypto market, which has witnessed a 1.93% increase in market capitalization.
However, a closer look at Dogecoin’s daily chart reveals a bearish trend in its technical analysis, with the MACD persistently below the signal line.
Moreover, the negative directional index (red) has remained above the positive (green) since April 12, signaling current market control by sellers. These indicators suggest the possibility of further declines.
Dogecoin is currently experiencing a resurgence, with efforts to establish $0.20 as its new support level.
Despite fluctuations that briefly brought its value down to approximately $0.12, DOGE has bounced back, consistently testing and maintaining positions above a previous long-term resistance level.
READ MORE: Bitcoin Holds Firm Above $63,000 Despite Regulatory Scrutiny and Economic Turbulence
Crypto analyst Rekt Capital underscores this pattern as indicative of a positive trend.
Rekt Capital asserts, “Dogecoin is now in the process of retesting this ~$0.20 level as new support.
It could get volatile around here, but lose sight of this important technical step.
Dogecoin is retesting this area to position itself for further future upside.”
These developments suggest the likelihood of Dogecoin ending April above the $0.20 mark, solidifying its position within this new range.
However, failure to reach this target by month-end could result in the cryptocurrency oscillating between $0.12 and $0.20 until it gathers momentum for another ascent.
According to Coincodex, current sentiment surrounding Dogecoin is predominantly bullish, with the majority of technical indicators signaling growth.
Among these indicators, 21 are bullish, while seven are bearish.
Furthermore, projections for 2025 hint at a potential price range for Dogecoin between $0.129366 and $0.650073, suggesting a potential increase of 304.18% from its current value.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Homo Dogecoin (HODOGE) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Homo Dogecoin (HODOGE), a new Solana memecoin that was launched this week, is poised to explode over 8,000% in price in the coming days.
This is because HODOGE has announced its first centralized exchange listing, which will be on MEXC.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Homo Dogecoin can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Homo Dogecoin could become the next viral memecoin.
Homo Dogecoin launched with over $54,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Homo Dogecoin on Raydium or Jupiter ahead of the MEXC listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Homo Dogecoin by entering its contract address – DJZH5cyaQNzyRVVMEyvhNfGZm7x6JswKvtVAUw91syVR – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like HODOGE.
On Thursday, a substantial $1.3 billion worth of USD Coin was transferred from notable whale addresses to the crypto exchange Coinbase, potentially signaling a significant opportunity for Bitcoin and Ether, according to market analysts.
“USDC moving onto exchanges is a giant buy signal, as the saying goes on the internet ‘money printer go brr,'” remarked crypto trader Blockchain Mane.
These transfers, totaling $1.3 billion and ranging from $150 million to $350 million, occurred on April 25 at 08:15 UTC, as per Etherscan data.
Such sizable deposits of stablecoins on exchanges are often perceived as bullish indicators, suggesting potential large buy orders in the near future.
Conversely, significant crypto deposits on exchanges may indicate a looming sell-off, prompting caution among traders.
“If this is indeed a whale buying and at current prices then yes, it can have a big impact on the price of the asset they are buying, which at that level is almost certainly only Bitcoin and Ethereum,” noted crypto commentator Lark Davis.
Nevertheless, analysts caution that whale movements are not foolproof signals for the crypto market.
READ MORE: Crypto Security Experts Offer Tips for Newcomers Amid Rising Phishing Threats
“A lot of attention gets paid to whale movements, but we never really know what they are doing,” remarked Davis.
“$1.3B is a good amount of capital but it depends on where this is getting deployed,” added crypto trader and YouTuber Brian Jung.
Davis emphasized that whales might opt for limit orders instead of instant purchases, thereby establishing stronger support levels for the cryptocurrencies they invest in.
“A limit order will go in, creating a buy wall that will act as a layer of price support for the assets,” explained Davis, while also stressing that the impact of such large transfers on the market is “never definitive.”
Meanwhile, Jung speculated that a significant influx of funds into a single crypto token could “shift positively,” potentially boosting the prices of other cryptocurrencies due to increased liquidity.
However, he expressed doubts about the practicality of such a strategy due to the risks of overexposure.
Despite the significant fund movement, the crypto market sentiment has slightly declined, with the Fear and Greed Index dropping from 64.04 to a neutral level of 59.78 over the past 24 hours, indicating a shift in traders’ focus away from accumulation.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
An exceedingly rare event in the world of Bitcoin unfolded recently as an “epic sat,” the smallest unit of the cryptocurrency, was mined from the fourth Bitcoin halving block and subsequently sold for a staggering 33.3 Bitcoin (BTC), equivalent to approximately $2.13 million.
The transaction took place on cryptocurrency exchange CoinEx Global on April 25, merely five days after the block, numbered 840,000, was mined on April 20 by Bitcoin mining pool viaBTC, a partner of CoinEx.
The auction for this rare satoshi, denoted as “sat number 1,968,750,000,000,000,” commenced on April 22 and attracted a total of 34 bids before an undisclosed bidder secured ownership rights to the coveted sat.
The runner-up bid amounted to 20 Bitcoin.
CoinEx celebrated the successful conclusion of the auction, highlighting the significance of the event beyond mere financial transactions.
They emphasized, “This auction isn’t just a bidding event; it marked the community recognition, media attention, & widespread embrace of #Bitcoin.”
READ MORE: Binance Founder CZ Faces 36-Month Jail Term as U.S. Prosecutors Urge Sentencing
An epic satoshi is the first satoshi mined in the initial new Bitcoin halving block, and with four halvings to date, only four of these rare sats exist.
Each epic sat is assigned a unique sequence number under the Ordinals number system, which relies on mining timestamps.
While an ordinary satoshi is currently valued at $0.00065, certain sats hold special significance within the Bitcoin ecosystem due to their rarity and unique identifiers.
Bitcoin Ordinals explorers like Ordiscan and OrdinalHub enable users to verify whether a Bitcoin wallet possesses a rare sat by examining the exact UTXO and output number.
Owners of such rare sats can then transfer them to an Ordinals-supported wallet.
ViaBTC, the entity responsible for mining the fourth halving block, received a substantial reward of 3.125 Bitcoin as the new block subsidy, along with an impressive 37.6 Bitcoin in reward fees, valued at $2.4 million at the time.
The next Bitcoin halving event is anticipated to occur around 2028 at block 1,050,000, halving mining rewards to 1.5625 Bitcoin.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.