Technology
Price Watch
Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish
Despite acquiring over 26,000 BTC over the last 30 days, Terra’s strategy to back UST with bitcoin couldn’t counterweight market sentiments over the U.S. Fed’s hawkish policy of hiking interest rates by 50 basis points.
Analysis
Bank of America: coming “recession shock” possible boon for crypto
In a weekly research note, Bank of America warns of a coming “recession shock” as the Federal Reserve tightens its monetary policy to tame surging inflation. The shock may benefit cash, commodities and cryptocurrencies.
DeFi
Bitcoin’s DeFiChain adds tokens for Disney, Intel, MicroStrategy
DeFiChain, a DeFi service running on the Bitcoin network, has added four tokens representing real-world assets, including one ETF. The dTokens enables holders exposure to the underlying asset’s price movements.
Regulation
Grayscale: The SEC must get comfortable with spot Bitcoin ETF
With the approval of a fourth Bitcoin futures ETF, SEC’s arguments for rejecting spot Bitcoin ETFs are running thin, according to Grayscale CEO Michael Sonnenshein.
Adoption
40% of youngsters want to use crypto for payments, new research reveals
As many as 40% of 18 to 35-year-old people in 11 countries want to use crypto for payments as they are more efficient and safer.
Adoption
Bitcoin briefly jumps above $47K after MicroStrategy buys 4,167 BTC
The market price of bitcoin temporarily jumped above $47,000 on the news that Michael Saylor’s MicroStrategy buys another round of bitcoin. This time, the U.S. based company laid its hands on 4,167 BTC.
CBDCs
PBoC: Digital yuan trial expands to 11 more cities
The digital yuan continues its expansion in China, adding 11 more cities and regions, totaling 23 cities, to the list of pilot test areas. Most notably, trials will begin in Guangzhou where the Asian Games will be held later this year.
Hacks
Axie Infinity Ronin bridge hacker moved 2000 ETH to the Tornado Cash tumbler
The money stolen from the Ronin bridge has started to move, according to on-chain data. A portion of 1000 ETH has been moved to another address, and 2000 ETH has been moved to the Tornado Cash mixing service.
Culture
Crypto Twitter goes bananas on April Fools Day
Crypto Twitter really went bananas on April fools day. Here’s a round-up of some of the funniest tweets today.
Layer-2
Ethereum layer-2 Boba Network integrates The Graph
Ethereum scaling solution Boba Network announced an integration with the Graph’s “Google of Web3” hosted service. The goal is to expand the data access on Boba’s optimistic roll-up scaling solution.
Hacks
Bored Ape Yacht Club Discord hacked, MAYC #8662 stolen
The Discord server of the famous Bored Ape Yacht Club NFT collection was compromised by hackers earlier today. The compromise was confirmed by the BAYC team on Twitter.
Exchanges
New funding round values Blockchain.com at $14 Billion
A new funding round values blockchain.com at $14 billion. The new round makes the exchange and wallet provider one of the most highly valued companies in the crypto industry.