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    Crypto VC inflows ‘look rather subdued’ says JPMorgan

    According to the bank’s analysts, the relatively tepid investment flow into the crypto industry could pose a downside risk to the sustainability of the current market boom.The J.P. Morgan team highlighted that venture capital flows into the crypto industry appear quite restrained year-to-date when compared to previous years. “Our various proxies for crypto VC flows look rather subdued YTD [year to date] relative to previous years,” stated the report released on Thursday. The analysts added that a recovery in venture capital funding is critical for a sustained recovery in the crypto markets. Recent data indicates that the crypto sector has attracted $3.2 billion in venture capital investment so far this year, which trails the over $4 billion recorded in the first four months of last year. Despite this, there’s a bit of good news: more venture capital firms are getting into the game, either raising or having recently raised fresh funds focused on the crypto market. Moreover, major players such as Galaxy Digital, Hack VC, and Hivemind Capital are also in the process of raising decent funds for their new crypto-focused investment vehicles. The crypto accelerator Alliance achieved the first close of its third fund in February, securing $10 million each from Brevan Howard Digital and Galaxy Digital, with plans to raise an additional $80 million by July.While the pace of venture capital funding is picking up, crypto hedge funds have been particularly active this year. Their assets under management have seen a sharp increase over the past six months, now estimated at around $20 billion.In the same report, J.P. Morgan analysts also touched on regulatory developments, noting that the likelihood of a spot Ethereum ETF being approved by May is no more than 50%. This follows the SEC’s investigation of the Ethereum Foundation. Market sentiment around the approval appears to be waning, as seen in the growing discount to NAV (Net Asset Value) for the Grayscale Ethereum Trust. This discount widened from 8% to 22% over the past month. More

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    ‘Rich Dad Poor Dad’ Author: I Will Never Buy Bitcoin ETFs

    Kiyosaki revealed the key reason why he would not buy any. As the investor wrote multiple times previously, aside from Bitcoin, he also prefers physical gold and silver as safe haven assets, and he likes real estate too – that is what he started with in the 1990s, when his aforementioned book was first published.He is also invested in real estate directly, being an owner of apartment buildings, but he does not invest in real estate ETFs. He added that these funds are “best for most people and institutions.”However, Kiyosaki explained, that since he is an entrepreneur, he prefers to keep away from Wall Street financial products and package his own instead. Here, the “Rich Dad Poor Dad” author says, it is important to answer the question, “What is best for you?”She could be wrong, he said in the tweet, but Kiyosaki still wrote that he also believes BTC can reach that all-time high eventually. Still, he wrote that most people will hardly own any Bitcoin, since they prefer to play it safe. Kiyosaki is a believer that mistakes teach investors better than any school and that successful people will always learn from their mistakes, not being afraid to make them.This article was originally published on U.Today More

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    Bitcoin price today: halving event looms large

    Anticipation of the upcoming halving event, which will reduce the pace at which new Bitcoin is generated, also appears to be offering some support to the token. At 03:00 ET (07:00 GMT), Bitcoin rose 0.3% to $70,965, not far removed from the $73,750 record high reached last month. The halving event is the main upcoming event in the sector, with the generation of block no. 840,000 on the Bitcoin blockchain widely expected to take place next week.The event will halve the rate at which new Bitcoin is mined, tying into the narrative that the scarcity of the token will increase its value.Analysts at JPMorgan said in a note this week that the halving event could have “sweeping implications” for the Bitcoin mining industry.“All else equal, the halving will cut industry revenues in half, triggering a wave of consolidation and business closures, while (hopefully) rationalizing the network hashrate and industry capex, which is ultimately good for the remaining operators,” stated JPMorgan.The investment bank estimates that industry-wide gross profits, currently about $2.5 billion per quarter, will decline 30% to 40%, with the network hashrate declining as much as 80 EH/s (or 13%) peak to trough.Broader cryptocurrency prices have traded in a more mixed fashion Friday, as investors digested the latest U.S. inflation data. World no.2 crypto Ethereum fell 1.4% to $3,536.1, Solana also dropped 0.2%, while XRP rose 1%.The confusing U.S. inflation picture has resulted in traders picking favorites in the crypto universe, with the country’s producer price index coming in weaker than expected, in direct contrast to the hotter-than-expected consumer price index earlier in the week.While the Federal Reserve potentially delaying cutting interest rates would not be beneficial to the crypto market, given that they usually benefit from a low-rate, high-liquidity environment due to their speculative nature, a surge in inflation could see the likes of Bitcoin sought after as a hedge against a weakening dollar.Bitcoin has been considered a “safe haven” asset, much like gold, due to its finite supply and independence from the monetary policies of various governments. The major centralized crypto exchanges have witnessed staggering growth in spot trading volume over the past month, fueled by the ongoing bull market.A recently published report indicated that spot trading volume for March saw an average 134% increase over the figures for February, to $2.48 trillion. Meanwhile, the derivatives market volume witnessed a 47% gain month-over-month.The most prominent trading platform, Binance, led the charge in terms of volume – recording a volume of almost $1.15 trillion in March, more than doubling the $479.95 billion recorded in February.The $1.15 trillion volume Binance recorded is more than seven times the figure Coinbase (NASDAQ:COIN) witnessed. More

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    Bitcoin (BTC) Breaks $70,000: $80,000 Next? XRP Secures Crucial Support Level, Solana (SOL) Paints Strong Reversal Pattern

    The price is comfortably above the 200-day moving average, located near $48,000, which serves as a long-term indicator of support.BTC/USDT Chart by TradingViewBitcoin has touched and momentarily sustained levels above $70,000, which is indicative of a growing and improving market position. The Relative Strength Index (RSI) is placed around 60, which suggests that there is room for upward movement without the asset being overbought.The first resistance for the digital gold is near the $76,000 level, which could potentially limit upward movements if not surpassed with substantial buying momentum. A well-defined support zone near $60,000 should offer a safety net against any short-term pullbacks. The current positioning of Bitcoin, slightly above $70,000, is critical, as it is indicative of the market’s bullish sentiment.If the momentum continues and buying pressure remains consistent, the possibility of Bitcoin reaching or even exceeding the $80,000 threshold appears within the realm of possibility.SOL is above numerous moving averages, signaling a potential continuation of the bullish rally. Being above the 50-day average is a good sign for the short term performance of SOL, and being above the 200-day average is a good sign for the long term movement of the asset.The amount of SOL being traded, or the volume, helps us understand if the trend is strong. For now, volume profiles show a descending tendency, signaling a potential weakness in the current trend.For SOL, the RSI is going up, which usually suggests the growth of buying power. However, values too high would most likely lead to a reversal due to the limited room for potential price growth.Overall, the SOL chart looks good. Prices are climbing and the important signs we are looking at are positive. If SOL keeps above the key levels, its price could rise even more. Tracking key indicators like volume and RSI could be go-to strategies right now. Any dips in price might be a chance to buy, but at the same time, a fall below crucial support levels will most likely lead to a prolonged reversal. As for potential growth scenarios, the chart shows the possibility of a steady climb if the current support levels hold up. If buyers keep control over the chart, near the $0.65 mark — a peak that has thwarted previous rallies — may once again come into play. A break beyond this threshold could signal a march toward higher levels, with eyes set on the $0.70 horizon.Conversely, should the winds shift and XRP’s price falter below the $0.50 support, it could signal a retreat to lower depths, testing the resolve of holders and the strength of the market’s sentiment.XRP’s future looks cautiously optimistic, but as always, you should stay cautious, considering the coin’s performance in the past. Monitoring moving averages, RSI and volume could be a good idea when considering opening position in XRP, especially if your risk tolerance is not high.This article was originally published on U.Today More

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    Australian and New Zealand Citizens & Residents Can Now Trade Blocksquare Token with Ease through Stormrake Cryptocurrency Brokers

    We are thrilled to announce a groundbreaking opportunity for Australian and New Zealand citizens and residents to seamlessly engage in trading Blocksquare Token (BST) through Stormrake Cryptocurrency Brokers. This partnership opens doors to a convenient and secure service for individuals keen on exploring the world of digital assets.Blocksquare Token (BST) represents an innovative digital asset in the real estate sector, offering exciting prospects for investors seeking to diversify their portfolios. With Stormrake Cryptocurrency Brokers, the process of trading BST becomes not only accessible but also efficient and reliable.One of the key features of Stormrake’s service is its reliable banking rails and seamless deposit options, ensuring that clients can fund their accounts quickly and securely. Whether utilising traditional banking methods or embracing the latest in cryptocurrency payments, Stormrake provides a hassle-free experience for traders.Moreover, clients have the flexibility to trade with Stormrake by simply sending their trade desk an email or calling their dedicated crypto broker to place their order. This personalised approach to trading ensures that individuals receive the support and guidance they need to make informed decisions in the dynamic crypto market.Through Stormrake’s user-friendly service, individuals can easily create an account, gaining instant access to a world of digital assets, including the coveted Blocksquare Token. Whether you’re a seasoned trader or a newcomer to the crypto space, Stormrake offers the tools and resources necessary to navigate the market with confidence.https://go.blocksquare.io/stormrakeAbout Stormrake Cryptocurrency Brokers:Stormrake Cryptocurrency Brokers is a leading provider of digital asset trading services, offering a secure and user-friendly service for individuals in AU&NZ. With a commitment to innovation and customer satisfaction, Stormrake empowers traders to explore the exciting possibilities of the crypto market with confidence.About Blocksquare:Blocksquare Token (BST) stands at the forefront of the real estate digital transformation, introducing blockchain technology to redefine property investment. Through its innovative real estate tokenization protocol, Blocksquare enables the digitization of real estate assets, offering enhanced liquidity and broader accessibility. This breakthrough opens the door to the global real estate market for a wider audience. In addition to its tokenization service, Blocksquare has developed a white-label platform, streamlining the creation of online marketplaces for real estate assets at significantly reduced costs. Venturing further into innovation, Blocksquare has introduced Oceanpoint, an addition to its tokenization infrastructure. Oceanpoint integrates the principles of decentralised finance (DeFi), facilitating universal access to real estate financing. This strategic expansion signifies Blocksquare’s commitment to breaking down barriers in real estate investment and financing, leveraging the internet to democratise access to one of the most valuable asset classes worldwide. Website | X | Telegram | Medium | Facebook (NASDAQ:META) | Reddit | LinkedIn | Token overview | ContactBlocksquare CMOJulia Buchholzmarketing@blocksquare.ioThis article was originally published on Chainwire More

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    Racing into the Future: Polkadot’s Community-Driven Indy 500 Sponsorship of Conor Daly a First in Sports History

    Daly is one of the most beloved figures in the American professional racing landscape, and is one of just 29 drivers in history to have raced in NASCAR’s Daytona 500 and the Indianapolis 500 within the same year. Just as popular off the track, the Indiana-native appeared in Season 30 of The Amazing Race and has engaged in a variety of activities that have highlighted his social personality, including hosting the prominent motorsports podcast, Speed Street, as well as appearing in the 2024 NBA Celebrity All-Star Game in his home state.The proposal to sponsor Daly passed with an overwhelming 95.8% approval, demonstrating the community’s eagerness to showcase blockchain technology’s real-world applications and Polkadot’s vision for a freer, more open web (Web3). Launched in 2020 by Ethereum Co-Founder Gavin Wood, Polkadot is positioned to serve as the powerful, secure core of Web3. Polkadot’s decentralized governance places the community at the center of decision-making processes; every holder of the Polkadot token (DOT) has a voice towards shaping the platform’s future direction.The iconic Indianapolis 500, set to take place on May 26, will serve as the launch pad for a dynamic year-long collaboration. Daly’s Polkadot Ambassadorship will extend beyond the racetrack and include a series of interactive community events and digital initiatives designed to engage fans and introduce them to Polkadot’s innovative technology.”The fact that thousands of individuals in the Polkadot community – not a corporate marketing team – used their voices to vote and select me as their ambassador is an incredible honor and reflective of the power of what a more free and open internet can look like in the future,” Conor Daly said. “The fact that I’m racing not just for a brand name or logo, but representing developers, investors and regular people that are building tomorrow’s web, is thrilling and overwhelming. We’re bringing power back to people, while making sports history.”A Historic First in Sports SponsorshipThis collaboration represents a significant shift from traditional models of athlete sponsorships, which are typically negotiated behind closed doors. Through decentralized governance, the Polkadot community is pioneering a new, transparent way to engage with sponsorships, showcasing the immense potential of blockchain technology to enable transparent, community-led decision-making in the realm of sports and beyond.Chris Wade, the Polkadot community member who championed the proposal, remarked, “This landmark sponsorship proves the transformative power and trust of blockchain technology in making a previously exclusive process open and inclusive. It’s a testament to Polkadot’s forward-thinking innovative community, robust network, and progressive governance model. It’s a blueprint for future collaborations.” Join the Polkadot CommunityTo learn more about Polkadot and how you can get involved in future community-driven initiatives, visit polkadot.network or follow Polkadot on X (@Polkadot). Stay tuned for updates on this exciting collaboration and discover how Polkadot is powering the creation of a freer, more open web. About PolkadotPolkadot is the powerful, secure core of Web3 for boundary-defying developers. It enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and token options. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web. For more information, visit polkadot.network↗About Conor DalyConor Daly is one of the most beloved figures in the American professional racing landscape – having competed in the NTT IndyCar Series, NASCAR (Cup Series, Xfinity and Truck Series), GP2 Series and Nitrocross, amongst other pursuits. Just as popular off the track, the Indiana-native appeared in Season 30 of The Amazing Race and has engaged in a variety of activities that have highlighted his social personality, including hosting the prominent motorsports podcast, Speed Street, as well as appearing in the 2024 NBA Celebrity All-Star Game in his home state.Daly is one of just 29 drivers in history to have raced in the Daytona 500 and the Indianapolis 500 within the same year. With a tenth-place finish in 2019 and a sixth-place finish in 2022, he led most laps, was a pole sitter and finished on the podium at the Indy 500 in 2021. In 2023, he defied all odds to qualify for the NASCAR Cup Series’ Daytona 500, racing on Floyd Mayweather’s The Money Team (TMT) Racing. He also became the first driver to compete in both NASCAR and IndyCar on back-to-back Texas weekends. The son of Formula One, CART and IMSA driver, Derek Daly, Conor started racing go-karts as a 10-year-old – grabbing two championships and Junior Driver of the Year recognition.Follow his journey at www.ConorDaly.net – and on Instagram, Facebook (NASDAQ:META), Twitter and Twitch. Conor is represented by Athelo Group (Sports Management).Editor’s NotesMedia ContactsJen Wheatley, Distractive 519.791.5769 I jen@distractive.xyzAndrew de Lara949.395.3724 I adelara@athelogroup.comContactJen WheatleyDistractivejen@distractive.xyzThis article was originally published on Chainwire More

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    Metacade Unchains Web3 Gaming: Multi-Chain Integration Unites the Industry

    Metacade, the leading blockchain gaming platform, takes a monumental leap forward with the integration of multi-chains into its ecosystem.This Omni-layer development provides universal application reach, resolving blockchain fragmentation and empowering builders across diverse chains.The rapid integration of the Metacade Tournament Platform with the Base Layer 2 Rollup within 12 hours showcases Metacade’s technical prowess and underscores a commitment to delivering best-in-class solutions for partners and players.The decision to introduce multi-chain functionality highlights Metacade’s vision to create the largest Web3 gaming platform, grounded in open market principles.What began as a vision to connect Web3 game developers with seasoned players has become an omni-layer movement to unify games across chains and provide fluid liquidity, expanding economic opportunities for builders and players alike.A multi-chain infrastructure will optimize liquidity access, mitigate inefficiencies, and simplify asset trading processes. It offers an efficient on-ramp for gaming partners to facilitate the use of their tokens regardless of where the core of their liquidity is situated.This pivotal development future proofs Metacade’s robust, diverse, and accessible ecosystem. For more information on Metacade and its multi-chain expansion, users can visit the new website: metacade.co.About METACADEMetacade is a seamless Web3 Gaming platform connecting developers and players through plug-and-play community initiatives. Providing an unfair advantage through early access, dev-player collaborations, and financial rewards.ContactElly BradburyMetacademarketing@metacade.coThis article was originally published on Chainwire More

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    CoinGames Builds World’s First Fully Decentralized Gambling Platform

    Web3 platform offers blockchain-based, smart contract-backed online casino and sportsbookCoinGames, the first fully Licensed decentralized gambling platform, has launched and is offering users a safe, secure, and streamlined online casino service powered by the latest in blockchain and smart contract technology. The CoinGames web3 casino allows for instant withdrawals, access to daily promotions, and 24/7 live support for their 10,000+ offered games. Through the implementation of these technologies, players are able to enjoy an easy-to-access platform that is built with optimization, transparency, and entertainment at its core.Coingames addresses the largest challenge facing the online casino industry today, which is conversion rate. As the only true Web3 casino, players do not need to deposit funds to play because the whole game session is handled through the smart contract, removing a major barrier to participation. This innovative approach has led to a 380% improvement in conversion rates and a 200% increase in customer Lifetime Value (LTV). Users enjoy shorter wait times for registration and deposit without the need for third parties that complicate and slow down processes at every turn. Players maintain full autonomy over their funds with no restrictions on when or how much they can withdraw using their non-custodial wallets. All transactions are completely transparent and recorded on the CoinGames framework built upon the Binance Chain, Polygon Chain, and soon on Solana and Ethereum. The implementation of these decentralized technologies and frameworks contributes to an unparalleled user experience that is both fully secure and streamlined.CoinGames is currently launching its CoinGames Token, initially available to private investors and subsequently to the public through pre-sale and public sale phases. Soon, their NFT collection will also be ready for direct purchase on Magic Eden.About CoinGamesCoinGames is revolutionizing the iGaming industry by leveraging the latest in blockchain technology. Through innovation in Web3 development and adoption, CoinGames aims to transform the gaming sector, particularly focusing on environments rich in high-frequency microtransactions and developing blockchain solutions to facilitate the expansion of decentralized business operations.For more information, users can visit CoinGames’ official website | Twitter | Discord | BlogContactCommunicationsRonnie WelchVEW Mediaronnie@vewpr.comThis article was originally published on Chainwire More