Bitcoin
Bitcoin’s average transaction fees reached a record $127.97 on April 20 — more than seven times the fee level seen on the day prior to the halving.
This new mining cycle is different from every previous one, because BTC’s price reached a new all-time high before the halving, as well as the presence of higher transaction fees stemming from experimental innovations.
Previous halvings have occurred in very different macro environments, meaning the latest occurence’s effect on bitcoin prices—and subsequent demand—could vary as well.
Bitcoin slipped under the crucial $60,000 price level late on Thursday, as risk assets sold off on news of Israel launching an attack on Iran.
Business
Tether will reorganize into four business divisions that will service areas from strategic investments to sustainable Bitcoin mining.
Regulation
An acquittal of Mango Markets’ exploiter Avraham “Avi” Eisenberg could have opened the door for more exploitations of DeFi smart contracts.
Cypherpunks don’t have to love centralized, censorable dollar tokens. But make no mistake—trusted stablecoins would be incredibly bullish for real crypto.
Binance has converted the entirety of its emergency insurance fund for users into USDC to “enhance its reliability.”
The World Chain network will prioritize transactions generated by verified humans over those created by automated bots and also give these addresses an allowance of some free gas.
Though inflows have cooled, volumes across bitcoin ETFs have continued to rise.
