🚀 XRP Surges to Five-Month High as Some Point to Bitcoin Commodities Mention
XRP tokens surged 8% over the past 24 hours to buck a market-wide decline following a U.S. Commodity Futures Trading Commission (CFTC) filing against prominent crypto exchange Binance. XRP traded just under 50 cents in Asian morning hours on Tuesday, reaching a five-month high. Its XRP Ledger network has seen fundamental upgrades in the past few months that may have contributed to the rise. However, a part of the bullish outlook came as some in the community said the classification of major tokens as a commodity in the CFTC filing against Binance could mean XRP tokens were, too, commodities instead of a security, as alleged by the U.S. Securities and Exchange Commission (SEC) in the ongoing Ripple v. SEC case. 🔗 Read more

📈 Bitcoin Shakes Off Regulatory Crackdown, Jumps Nearly 6% in 24 Hours
Bitcoin’s price jumped Wednesday—along with tech stocks—bringing the rest of the cryptocurrency market with it during a time of increasing financial uncertainty. The biggest digital asset was up over 5.8% in the past 24 hours at the time of writing, trading for $28,540, CoinGecko showed. It has made a comeback since the start of the week, when it dropped as low as $26,722 following news that the Commodity Futures Trading Commission hit leading crypto exchange Binance with a lawsuit. The U.S. regulator said Monday that the world’s biggest digital asset exchange and its CEO Changpeng Zhao solicited customers in the U.S. and “chose to ignore” rules designed to block Americans from using the service. Binance offers its clients crypto derivatives products, such as futures and options contracts, which if traded in the U.S. must be registered and overseen by the CFTC. 🔗 Read more

📞 Banking Crisis Is a Wake-Up Call to Buy Bitcoin, Says Tim Draper
The recent banking crisis has led to growing distrust in once-solid banks. The acquisition of Credit Suisse by UBS has added to this climate of uncertainty and distrust of the banking system. There have been significant withdrawals from Silicon Valley Bank, First Republic Bank, and Deutsche Bank has come under scrutiny. Tim Draper, a well-known venture capitalist and entrepreneur, and one of the biggest personalities on Wall Street, takes the view that there is a simple way to safeguard against the dangers. “I have recommended to all CFOs as a hedge against bank or government failures to have at least two payrolls worth of Bitcoin to avoid catastrophic failure,” Draper told BeInCrypto. “I continue to advocate Bitcoin as a hedge against the current antiquated and over-regulated banking system and as a hedge against bad governments with too many regulations.” 🔗 Read more

🎟 Argentinian Airline Issues Every Ticket as an NFT
Argentinian low-cost airline Flybondi is integrating Web3 into its ticketing process by issuing e-tickets as non-fungible tokens (NFT). The new integration announced Thursday is called Ticket 3.0 and is an expansion of its existing relationship with NFT ticketing company TravelX, which launched in September 2022. The NFT ticketing technology, built on the Algorand blockchain, allows passengers to change their name, transfer or sell their "NFTickets" independently. Flybondi says the NFT ticket "offers a more flexible travel experience that allows passengers to even buy in advance without having to define their travel plans or who the travelers will be." In return, the airline is able to reduce customer service costs and increase its revenue from trading fees. TravelX chief blockchain officer Facundo Martin Diaz told CoinDesk in September that the company does not charge a fee when users initially purchase a ticket but it does receive a 2% transaction fee when trades are made on the secondary market. Airlines also get a 2% cut, he said. 🔗 Read more

🌙 Elon Musk’s SpaceX To Fly 62 Bitcoin To The Moon
Crypto company LunarCrush says it'll be leaving a bounty of 62 Bitcoin near the lunar south pole that's completely up for grabs. So in theory, any adventurer daring enough to hitch a ride to the Moon can snatch up the booty for themselves, which hopefully will still be worth anywhere near the purported $1.5 million it's valued at now. The sticker price won't even come close to the exorbitant travel expenses for getting there and back, but hey, it's the novelty that counts, right? 🔗 Read more

⚖️ SEC vs. Ripple: Deaton’s Analysis Suggests Ripple as More Likely Victor in Outright Win Scenario
On March 31, John Deaton, a well-known attorney closely monitoring the U.S. SEC’s lawsuit against FinTech firm Ripple, shared his latest insights on the ongoing case. Deaton, Managing Partner of Deaton Law Firm, is the founder of CryptoLaw, a website focusing on U.S. legal and regulatory developments for digital asset holders, and the host of the YouTube channel CryptoLaw. Through a series of tweets, Deaton communicated his thoughts on potential outcomes for the case to his over 257,000 followers: Best outcome: Deaton says the optimal outcome for Ripple would involve the judge chastising the SEC for its significant overreach and conduct in the case. He points out that Judge Netburn has already expressed concerns about the SEC lawyers’ hypocrisy and their disregard for faithful adherence to the law. 🔗 Read more

📰 This Week In Crypto (CW 13)

1. Bitcoin and Ethereum Survive CFTC’s Binance Crackdown

2. Elon Musk’s SpaceX To Rocket 62 Bitcoin To The Moon

3. One of the darkweb’s largest cryptocurrency laundromats washed out

4. XRP Trading Volumes Surges to Billions of Dollars on South Korean Crypto Exchanges

5. Ethereum Staking Tokens Jump Double Digits as Shanghai Upgrade Gets a Date

CW12 (last week)

🚀 Bitcoin to face a ‘new ballgame’ if it breaks $30k resistance
Bitcoin’s (BTC) recent momentum appears to have paused below $30,000 after the asset capitalized on trouble in the traditional finance sector, especially the fallout from the banking crisis. Analysts maintain that breaching the $30,000 resistance level will likely be monumental for the maiden cryptocurrency based on historical price movement. In particular, crypto analyst Matthew Hyland observed in a tweet on April 2 that $30,000 has acted as Bitcoin’s significant resistance and support level for the last two years. Therefore, the analyst projected that if Bitcoin managed to flip the position, it could potentially mean a “whole new ballgame.” “Bitcoin has been consolidating below the biggest resistance/support of the last 2+ years. A whole new ballgame if BTC breaks it,” he said. 🔗 Read more

🚀 Elon Musk Replaces Twitter Logo With Dogecoin Logo, DOGE Price Surges over 20%
Dogecoin got a big bump on Monday when Twitter replaced its familiar logo with the cryptocurrency’s emblem of a shiba inu dog’s head and torso. The move made waves on Twitter itself, with surprised users sending out tweets expressing their amazement. Some of them speculated that hackers had infiltrated the platform to work mischief. Another influencer tweeted, “Between the #Moana live action news and the doge logo taking over Twitter, today just turned into pure chaos.” At 2:50 p.m., Musk himself sent out a tweet. It features an image of the dog in a pulled-over car telling a police officer inspecting a wallet with the iconic Twitter logo, “That’s an old photo.” 🔗 Read more

🪙 Breaking: MicroStrategy Acquires Another 1,045 Bitcoins, Bringing Total Holdings to 140,000
On Wednesday, business intelligence firm MicroStrategy announced that it had bought an additional 1,045 Bitcoins for a total purchase price of roughly $29.3 million. According to a recent filing with the United States Securities and Exchange Commission (SEC), the new acquisition was made between March 24 and April 4 at an average price of $28,016 per coin. This most recent haul brings the company's Bitcoin vault to an astounding 140,000 coins. Those coins were acquired at an aggregate purchase price of approximately $4.17 billion. The company's average purchase price now stands at $29,803 per Bitcoin. 🔗 Read more

#Bitcoin outperformed major indexes by 170% 🚀

🏦 Decentralized Cryptocurrency Markets Threaten U.S. Security, Treasury Says
The burgeoning decentralized cryptocurrency market threatens U.S. national security and needs greater oversight and enforcement against money-laundering, the U.S. Treasury Department said on Thursday. The warning, in a new Treasury report assessing the risk of the so-called DeFi markets, lays the foundation for tougher regulations and punitive action by federal agencies. DeFi platforms enable crypto investors to transact with each other through software running online, without a central intermediary overseeing transactions. Without the intermediaries of traditional finance such as banks, regulators currently have little insight into DeFi transactions. 🔗 Read more

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⚒ Russia Becomes World’s Second-Largest Crypto Miner
Russia has become the world’s second-largest cryptocurrency mining country this year, the Kommersant business daily reported Friday, citing Bitriver, Russia’s largest bitcoin mining provider. While the United States remains by far the world's largest crypto miner, boasting 3-4 gigawatts of mining capacity, Russia’s generating capacity reached 1 gigawatt in January-March 2023. In taking second place for the first time, Russia took a spot previously occupied by Kazakhstan, which introduced restrictions on crypto mining activities in 2022 and now ranks ninth, Kommersant cited Bitriver as saying. 🔗 Read more

📛 Congressman Tom Emmer says SEC chair Gary Gensler is a ‘bad faith regulator’
Crypto-friendly Congressman Tom Emmer has slammed United States Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him a “bad faith regulator.” During an April 7 appearance on the Unchained podcast hosted by author and crypto journalist Laura Shin, Emmer didn’t mince his words as he questioned Gensler’s oversight on the crypto sector: “This guy in my mind, is a bad-faith regulator. He’s been blindly spraying the crypto community with enforcement actions while completely missing the truly bad actors.” 🔗 Read more

🍣 SushiSwap hacked, Head Chef says 'revoke all chains'
Decentralized exchange SushiSwap has fallen victim to an exploit, which led to the loss of more than $3.3 million from at least one user, known as 0xSifu on Twitter. The exploit involves an approve-related bug on the RouterProcessor2 contract — which PeckShield and SushiSwap Head Chef Jared Grey recommend revoking on all chains. The root cause, according to Ancilia, Inc. and in technical terms, "is because in the internal swap() function, it will call swapUniV3() to set variable "lastCalledPool" which is at storage slot 0x00." The cybersecurity account adds that "later on in the swap3callback function, the permission check gets bypassed." 🔗 Read more

👀 Why Crypto Is Watching Ethereum’s ‘Shanghai’ Upgrade
The Ethereum network is set to undergo a technical revamp on April 12 that will allow users to withdraw tens of billions of dollars of its native token, Ether. Known as the “Shanghai” upgrade, it’s a necessary step after the world’s most commercially important crypto platform shifted to a less power-hungry process for ordering transactions. Investors burned by recent turmoil in crypto markets will be wondering if, presented with their first opportunity to withdraw their tokens, some Ether holders will run for the hills. 🔗 Read more

📰 This Week In Crypto (CW 14)

1. Bitcoin white paper is apparently hiding in Apple’s modern macOS

2. Elon Musk changes Twitter icon to Doge after seeking lawsuit dismissal

3. Swiss Bank PostFinance to Roll Out Bitcoin, Ethereum Services for Clients

4. Ethereum staking deposits dip due to regulatory pressure and Shapella upgrade

5. Bitcoin Faces Low Risk of 'Liquidations-Induced' Price Volatility After 70% Surge

CW13 (last week)

✅ #Bitcoin $30,000

💼 US SEC seeks to expand its Crypto Assets and Cyber Unit
Regulators in the United States have been piling on the pressure on the crypto space over the last year, even more so in light of the FTX demise and collapse of Silicon Valley Bank (SVB). Now, according to a job posting on the official government website, the U.S. Securities and Exchange Commission is seeking to hire general attorneys in New York, New York, San Francisco, California and Washington D.C. for its Crypto Assets and Cyber Unit in its Division of Enforcement. The listing details that part of the job’s duties will include conducting “complex, fast-moving investigations” involving crypto asset securities and cyber issues. Other duties include drafting subpoenas or document requests, questioning witnesses through interviews, evaluating evidence and more. 🔗 Read more