Weekly Top Crypto News (April 3 – April 9)

It’s been a pretty quiet week for Bitcoin and the crypto market as it trades at just $28,000. However, there is still some news on the horizon, such as the explosion of Dogecoin and MicroStrategy continuing to increase Bitcoin holdings. Here, let’s review this week’s top crypto news with Coincu!

MicroStrategy Purchases An Additional 1,045 Bitcoin For $29.3 Million

MicroStrategy has purchased an additional 1,045 bitcoins for $29.3 million in cash, bringing their total holdings to 140,000. The average price of the newly acquired Bitcoins was $28,016 per bitcoin, which is lower than their existing holdings’ average purchase price.

Twitter Logo Changed To Dogecoin, DOGE Price Surges 20%

Twitter recently changed its logo to display the Doge symbol, causing a 20% surge in Doge’s price. With the news, DOGE surged about 20%.

Binance Australia’s Derivatives License Cancelled After April 21

Binance Australia Derivatives’ Australian financial services license was terminated today by ASIC. The license termination was carried out today in response to a cancellation request received from Binance yesterday. ASIC is undertaking a targeted assessment of Binance’s operations.

Justin Sun Rejected By Binance To Buy His Huobi Shares

Binance recently rejected a proposal to acquire Justin Sun’s stake in Huobi, which Sun made directly to Changpeng Zhao last week. Justin Sun denied this news, stating that Huobi had not even been discussed with Binance’s CEO. Last week, Bloomberg reported that Justin Sun was trying to sell his stake in Huobi, but Sun denied it and called it an April Fool’s Day joke.

Solana To Launch State Compression: Store 100 Million NFTs For Only $1193

Solana’s state compression function can store any data type on-chain and is expected to revolutionize the blockchain world. Compressed NFTs are drastically cheaper, with the cost of minting 100 million compressed NFTs only being $1193, compared to $1.2mm for uncompressed NFTs.

EigenLayer To Launch Stage 1 Testnet For Stakers

EigenLayer, the restaking protocol that secured $50 million in funding last month, has announced the launch of its testnet. As planned, the protocol will launch in 3 phases for Stakers, Operators, and Services. The testnet is still in its early stages, running on the Ethereum Goerli network, and only supports native and liquid restaking.

Uniswap V3 Deployment On Conflux Network Opens New Web3 Trading Opportunities

Uniswap V3 will be deployed on Conflux Network, a Layer-1 EVM-compatible blockchain, to access millions of users in China and Asia, and tap into the rapidly expanding Conflux ecosystem. The integration of Uniswap V3 on Conflux Network will increase liquidity volume, open up new trading opportunities to users, and provide new arbitrage trading opportunities in the Web3 space.

OpenSea Launches OpenSea Pro With 0% Fees To Effort Combat Blur

OpenSea has launched OpenSea Pro against upstart competition Blur. OpenSea Pro is a renamed and enhanced version of Gem V2, the NFT marketplace aggregator’s updated version. The platform is still marketed separately from the conventional marketplace but under the same brand name.

Instagram And Facebook To Discontinue NFT Support On April 11, 2023

Facebook and Instagram are ending support for NFTs on April 11, 2023. Digital items on Instagram will no longer function, and users cannot create new posts or access their old ones. Facebook and Instagram will delete digital item data, including wallet addresses, from their systems and no longer link users’ accounts to third-party e-wallets.

OPNX, 3AC Co-founders’ New Exchange, Is Now Live

OPNX, the new exchange founded by Three Arrows Capital’s co-founders Kyle Davies and Zhu Su, is now live. It is a trading platform that purports to provide a market for crypto-related bankruptcy claims. When the claims-trading option is released, consumers will be required to pay an upfront charge and go through a multistep procedure before seeing any cash.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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