Crypto News:

Tether Achieves Record Quarterly Profits as Market Cap Hits All-time High: Tether (USDT) has achieved record quarterly profits of $4.52 billion in Q1 2024, surpassing major financial institutions like Goldman Sachs and Morgan Stanley. Its market cap increased by 0.98% to $111 billion, hitting a new all-time high.

CityVerse Tycoon to Launch in June on Base: CityVerse Tycoon, a Web3 mobile game, will launch publicly in June 2024 on Base, an Ethereum layer 2 incubated by Coinbase. The game allows players to become virtual real estate tycoons through buying, selling, and trading replicas of real buildings in New York City.

MyPrize Unveils New Casino with Integrated Live Streaming and Multiplayer Gameplay: MyPrize, the first multiplayer online casino, has launched in select international markets. Users can withdraw in-game USD to cryptocurrency and participate in sweepstakes for real prizes, including crypto. The casino includes live streaming and multiplayer gameplay features.

Crypto Market Capitalization Down 2%: The global cryptocurrency market capitalization is down 2% over the past 24 hours, currently standing at $2.66 trillion. Only five coins among the top 100 have seen their prices increase over this period.

BlackRock’s iShares Bitcoin Trust Takes Lead as World’s Largest BTC Fund: BlackRock’s iShares Bitcoin Trust has accumulated nearly $20 billion in total assets since its listing in the United States, surpassing Grayscale Bitcoin Trust’s $19.65 billion.

Ethereum ETF Approvals: The approval of spot Ethereum ETFs is expected to have significant implications for the altcoin market, with some analysts predicting a new all-time high for Ethereum.

Consensus 2024: Industry leaders discussed digital asset ETF evolution, and A16z Crypto boss confirmed a $25 million lobbying donation. Tom Emmer emphasized that crypto is nonpartisan and here to stay, while Cathie Wood predicted that Bitcoin is “unstoppable”.

Crypto Whales Have Been Working Hard in the Past Months: Data shows that crypto whales have been actively trading and accumulating assets, indicating a potential increase in market activity.

Binance Will Temporarily Halt Withdrawals and Deposits on the Ethereum Network: Binance announced that it will temporarily halt withdrawals and deposits on the Ethereum network due to regulatory issues.

Grayscale’s Spot Ether ETF Faces Potential $110 Million Daily Outflows: Grayscale’s Spot Ether ETF faces potential daily outflows of $110 million, which could impact the market.

Bitcoin Miners Face More Pain as Hashrate Surges, Difficulty Adjustment Looms: Bitcoin miners are facing increased pressure as the hashrate surges, leading to potential difficulty adjustments that could further impact mining profitability.

Shiba Inu (SHIB) Explodes 15% Daily, Bitcoin (BTC) Maintains $68K: Shiba Inu (SHIB) experienced a significant price surge, while Bitcoin (BTC) maintained its price above $68,000.

Chainlink (LINK) Could Keep Rising in the Following Months: Analysts predict that Chainlink (LINK) could continue to rise in the coming months due to its strong fundamentals and growing adoption.

Ethereum Exchange Inflows Hit Highest Level Since January as ETH Price Slides Below $3.9K: Ethereum exchange inflows have reached their highest level since January as the price of ETH slides below $3,900.

Crypto Whales Have Been Working Hard in the Past Months: Details: Data shows that crypto whales have been actively trading and accumulating assets, indicating a potential increase in market activity.

Important Binance Update Affecting Ripple (XRP) Traders: Binance announced an update affecting Ripple (XRP) traders, which could impact market activity.

Crypto Options Liquidity Provider OrBit Markets Offers Bitcoin and Gold-Hybrid Derivative: OrBit Markets, a crypto options liquidity provider, has introduced a Bitcoin and gold-hybrid derivative, offering new trading opportunities.

Crypto Update | Why Crypto Is Not an 'Industry': An article discusses the nature of the crypto market, arguing that it is not an industry but rather a collection of technologies and innovations.

What Is 'Web5' and How Is it Different From Web3?: An article explains the concept of Web5 and how it differs from Web3, highlighting the potential for new innovations and applications.

What Is DESK? CoinDesk’s Social Token, Explained: An article explains CoinDesk’s social token, DESK, and its potential uses and implications for the crypto market.

BlockFi’s Rise and Fall: A Timeline: A timeline of BlockFi’s rise and fall, highlighting key events and milestones in the company’s history