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New MEDA investors spot strong potential while AVAX and FIL look to stabilize

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  • Milei Moneda ($MEDA) targets 60% ROI for early investors.
  • Avalanche (AVAX) forms cross-chain asset settlements with ANZ and Chainlink, sparking bullish predictions after its recent price decline.
  • Filecoin (FIL) sees a 12% surge with its Swan Chain integration.

In recent weeks, Milei Moneda ($MEDA) has emerged among top contenders in crypto presales, capturing the attention of new investors eager to capitalize on its strong presale potential.

Alongside the bullish potential of $MEDA, the crypto market is witnessing notable developments with Avalanche (AVAX) and Filecoin (FIL).

Let’s explore these bullish crypto stories.

Milei Moneda eyes 60% ROI for early investors

As digital investors seek the best coins to invest in for substantial returns, one name that keeps popping up is Milei Moneda ($MEDA). The DeFi meme coin has been making waves with its unique blend of humor, politics, and blockchain technology infused with Anarcho-capitalism.

Milei Moneda ($MEDA) is an Ethereum Network-based deflationary token boasting locked liquidity and a total supply of 500,000,000 tokens. Its deflationary feature and strategic distribution system have made Milei Moneda ($MEDA) one of the top sorted altcoins, with the meme coin recording a sale of over 56 million tokens in just weeks since its presale debut.

Currently selling at $0.0125 in Stage 2 of its presale, $MEDA is getting close to its highly anticipated launch on Uniswap. Scheduled for May 21, Milei Moneda’s DeFi coin price is set to launch at $0.020, translating to a 60% ROI for Stage 2 investors. This promising outlook has added to the excitement surrounding the price recovery of top altcoins Avalanche (AVAX) and Filecoin (FIL).

Avalanche teams up with ANZ for cross-chain asset settlements

Avalanche (AVAX) recently announced a partnership with Australia and New Zealand Banking Group (ANZ) and Chainlink (LINK) Labs. This collaboration aims to leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect Avalanche and Ethereum (ETH) blockchains, enabling seamless delivery versus payment (DvP) settlement of tokenized assets across networks in multiple currencies.

News of the collaboration ignited significant interest in Avalanche, boosting bullish price predictions for AVAX’s price. Since the beginning of April, Avalanche (AVAX) has seen its bears in control, recording a 5% decline in its altcoin price. However, with this recent collaboration, market analysts anticipate a price recovery in the coming weeks.

Filecoin rebounds after ATH dip: Swan Chain integration fuels price surge

Like Avalanche (AVAX), Filecoin (FIL) has been quite volatile for the past few weeks. In March, Filecoin dropped for the year’s ATH, plummeting by over 20%. However, the altcoin made a 12% price recovery recently, fueled by the network’s integration with Swan Chain, a Layer 2 network compatible with the Ethereum Virtual Machine (EVM).

Filecoin’s integration with Swan Chain not only enhances storage capabilities but also offers users the ability to seamlessly integrate decentralized computing, bandwidth, and payments within a single suite.

The integration has generated enthusiasm within the crypto community, reflecting positively on FIL’s price. As Filecoin’s utility expands through innovative integrations like Swan Chain, analysts predict continued growth and price appreciation for FIL in the coming weeks.

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Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease

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Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind us.” The crypto asset manager also expects GBTC’s fees to come down “as markets mature.” Grayscale’s CEO […]

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Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets

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Investors may expect market weakness due to the tax season, Ryze Labs said in a report.

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Stablecoin Adoption Surges with Payment Use Cases

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The global stablecoin market has surged past $150 billion, indicating a growing demand for digital assets with relative stability. Competition in the stablecoin space has intensified, with Ripple announcing plans for a USD-backed stablecoin, joining established issuers like Tether and Circle, whose supplies have collectively expanded by nearly $10 billion in the past month.

Despite the current crypto bull market potentially influencing stablecoin growth, experts suggest that the surge in demand is driven by various factors beyond market speculation. Austin Campbell, from Columbia Business School, notes that stablecoins are increasingly being used for payments independent of crypto trading, addressing a broader market segment.

Payment use cases for stablecoins are on the rise, with platforms like Grab in Singapore now accepting USDT on TRON for services like rides and food delivery. TRON’s blockchain, known for its low transaction fees and fast processing, has become a preferred platform for stablecoin transactions, with over $54.8 billion in circulating supply.

Similarly, Noble, a digital asset issuance chain, has witnessed a surge in stablecoin payments for everyday transactions, with platforms like Cypher Wallet enabling users to spend USDC at stores accepting Mastercard.

However, challenges such as regulatory uncertainties and tax implications remain hurdles to widespread stablecoin adoption. Proposed stablecoin legislation in the U.S. faces criticism from lawmakers like Senator Elizabeth Warren, while tax regulations around stablecoins pose reporting challenges for users and entities.

Despite these challenges, experts remain optimistic about stablecoin growth as the crypto ecosystem evolves. Education and retail demand are seen as key drivers for future adoption. Tether’s partnership with Coins.ph in the Philippines aims to promote financial literacy and blockchain education, targeting diverse segments of the population.

As the learning curve progresses and retail demand increases, stablecoins are expected to play a significant role in real-world payments, paving the way for broader adoption in the future.

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Presidential Election Betting Surges as Odds Tighten on Polymarket

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The competition has notably intensified in recent months for the 2024 U.S. presidential election, as indicated by the prediction market platform Polymarket. Just two months ago, former President Donald Trump was ahead with a 52% lead, while incumbent Joe Biden was at 33%. Current figures from Polymarket still place Trump in the lead, albeit by […]

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TON Society Reveals Biometric Proof-of-Personhood Palm Scanning Program

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TON Society announced a proof-of-personhood program targeting Telegram users, who can voluntarily scan their palms in exchange for benefits. The organization allocated 1 million TON for this initiative, distributed among 500 million participants in the next 5 years after completing their palm verification using Humancode’s artificial intelligence (AI) biometric tech. TON Society Announces Digital Identification […]

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IBM researchers to publish FHE challenges on the FHERMA platform

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To foster innovation in fully homomorphic encryption (FHE), IBM® researchers have begun publishing challenges on the FHERMA platform for FHE challenges launched in late 2023 by Fair Math and the OpenFHE community.

FHE: A new frontier in technology

Fully homomorphic encryption is a groundbreaking technology with immense potential. One of its notable applications lies in enhancing medical AI models. By enabling various research institutes to collaborate seamlessly in the training process, FHE opens doors to a new era of possibilities. The ability to process encrypted data without decryption marks a pivotal advancement, promising to revolutionize diverse fields.

IBM has been working to advance the domain of FHE for 15 years, since IBM Research scientist Craig Gentry introduced the first plausible fully homomorphic scheme in 2009. The “bootstrapping” mechanism he developed cleans and reduces the amount of “noise” in encoded information, which made possible the widespread use of FHE commercially.

Progress in FHE

FHE has experienced significant progress since the introduction of its first scheme. The transition from theoretical frameworks to practical implementations has been marked by countless issues that need to be addressed. While there are already applications that are using FHE, the community is constantly improving and innovating the algorithms to make FHE more popular and applicable to new domains.

Fostering innovation through challenges

The FHERMA platform was built to incentivize innovation in the FHE domain. Various challenges can be seen on the FHERMA site. The challenges are motivated by problems encountered by real-world machine learning and blockchain applications.

Solutions to challenges must be written by using known cryptographic libraries such as openFHE. The developers can also use higher-level libraries such as IBM’s HElayers to speed up their development and easily write robust and generic code.

The best solutions to the various challenges will win cash prizes from Fair Math, alongside contributing to the FHE community. Winners will also be offered the opportunity to present their solutions in a special workshop currently being planned.

The goal of the challenges is to foster research, popularize FHE, and develop cryptographic primitives that are efficient, generic, and support different hyperparameters (for example, writing matrix multiplication that is efficient for matrices of dimensions 1000×1000 and 10×10). This aligns with IBM’s vision for privacy-preserving computation by using FHE.

Driving progress and adoption

Introducing and participating in challenges that are listed on the FHERMA site is an exciting and rewarding way to advance the extended adoption of FHE, while helping to move development and research in the domain forward. We hope you join us in this exciting endeavor on the FHERMA challenges platform.

Teams and individuals who successfully solve the challenges will receive cash prizes from Fair Math. More importantly, the innovative solutions to the published challenges will help move the FHE community forward—a longstanding goal for IBM.

Explore IBM HElayers today

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Blast-based Pac Finance unexpectedly liquidates users for $26 million

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Blast-based lending protocol Pac Finance confirmed that its liquidation threshold was changed unexpectedly without prior information to its team, resulting in significant user losses.

This issue is representative of the ongoing challenges faced by DeFi protocols on the Ethereum layer-2 network, Blast. Last month, Munchables, a web3 game operating on this network, suffered a loss of over $62 million due to an attack. Fortunately, the hacker returned the stolen funds voluntarily.

$26 million liquidation

On April 11, Will Sheehan, the founder of Parsec Finance, reported a “giant swath of ezETH Liquidations on Pac Finance.”

His finding was further corroborated by Kydo, an EigenLabs developer, who stated:

An EOA wallet (0xae), presumably controlled by Pac_finance, updated the liquidation threshold (allegedly) unannounced, without a timelock. $26 million got liquidated within 6 seconds after the update.”

Pac Finance allows users to earn interest by depositing their crypto holdings. To safeguard against default, borrowers are restricted to loans based on a set percentage of their collateral, known as the “loan-to-value ratio” (LTV). Adjustments to the LTV are infrequent and typically announced by the development team before implementation.

However, on-chain data shows that a developer wallet changed the LTV for Renzo and restaked ETH (ezETH) to 60%. That change meant several borrowers did not meet the collateral rules, hence the liquidation.

Notably, most of the liquidation comes from one user who lost $23.9 million.

Pac Finance response

Pac Finance stated that it is in contact with affected users to develop a mitigation plan. The team also said it is working to prevent a repeat of the incident by setting up a framework where users are notified of every decision before it happens.

The platform added:

“In our effort to adjust the LTV, we tasked a smart contract engineer to make the necessary changes. However, it was discovered that the liquidation threshold was altered unexpectedly without prior notification to our team, leading to the current issue.”

Aave founder Stani Kulechov commented on the situation, attributing the issue to a lack of knowledge of the codebase. Kulechov referred to Pac Finance as a fork of Aave, suggesting that the project uses Aave code as the basis of its platform.

“Random Aave fork on Blast decreased Liquidation Threshold (LT) instead of Loan to Value (LTV) causing $26M worth of unnecessary liquidations.

Fundamental problem with forking code is the lack of in-depth knowledge of the software and the parameters.”

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RECQ records lightning-fast presale progress amid sluggish market momentum on INJ and LUNC

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  • Rebel Satoshi ($RBLZ) draws investors with its lightning-fast presale of the $RECQ token
  • The Injective (INJ) token is set to rise above $40 and beyond in the coming months, according to some analysts
  • The Terra Classic (LUNC) token price is predicted to drop below $0.000120.

The presale of Rebel Satoshi’s new token, $RECQ, has been growing at a significant rate. This growth has occurred even as many top crypto coins, such as Injective (INJ) and Terra Classic (LUNC), have been struggling.

Let’s delve into why $RECQ has left the top altcoins like INJ and LUNC behind, and why several analysts are describing it as the best crypto to buy right now.

Rebel Satoshi nears 75% completion of stage 1 of the $RECQ presale

The innovative meme coin project Rebel Satoshi is built on the Ethereum network. Inspired by Guy Fawkes and Satoshi Nakamoto, Rebel Satoshi aims to bring a community-driven revolution. Rebel Satoshi aims to challenge the centralized financial institutions and take back control from the elites.

The Rebel Satoshi ecosystem includes an NFT Vault, staking pools, a merchandise store, and a gaming Arcade. The entire Rebel Satoshi ecosystem is built on its dual-token system of the $RBLZ and the $RECQ tokens. Rebel Satoshi aims to grow to a $100 million market cap. Also, the presale of the $RBLZ token generated 150% returns and raised over $2.5 million for its investors.

Right now, Rebel Satoshi is conducting the presale of the $RECQ tokens at $0.0037 per token in Stage 1. The $RECQ token has rallied by 85% to reach the current price, and over 74% of tokens have already been sold out. By the end of the presale, the $RECQ token is forecast to surge by 238% to $0.0125. That’s why some analysts are describing the $RECQ token as one of the best cryptos to buy right now.

Injective continues to trade in red after rising to an all-time high

The Injective (INJ) token has been one of the best performers in the recent market surge. As a result, the Injective  price rose to an all-time high of $52.75 on March 13. Since then, the INJ token has been on a downtrend. As of the second week of April, the INJ price dropped by 34.6% to trade at around $34.45.

Amid the price drop, the Injective (INJ) ecosystem has continued to grow exponentially. For instance, the Ionic Upgrade to the Injective Bridge was announced on March 26. The first DePin platform on Injective (INJ), Aurora, was introduced on April 7.

These developments and others in the Injective ecosystem have led to a bullish outlook. Experts predict that the INJ token could rise above $40 again in the coming months.

Terra Classic trades sideways after getting caught in market volatility

The Terra Classic (LUNC) token has been caught up in volatility ever since rising in March. Initially, the LUNC token price dropped to $0.000121 on March 19 before bouncing slightly. The Terra Classic price then rose by 41.3% to $0.000171 a week later before dipping again.

Since then, the Terra Classic (LUNC) has entered a downtrend, dipping by 20.4% to around the $0.000136 level. This drop in LUNC price has occurred despite Binance burning 4.1 billion LUNC on April 2.

As the massive token burn has failed to turn the Terra Classic token bullish, experts are increasingly bearish on it. Hence, many are predicting that the Terra Classic (LUNC) will drop below $0.000120 in the coming months.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram.

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Deutsche Bank Survey: Over Half Expect Crypto to Become ‘Important’ Asset Class and Payment Method

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A new Deutsche Bank survey found that over half of respondents expect cryptocurrencies to become an important asset class and a method of payment. In addition, 10% of respondents expect the price of bitcoin to be above $75,000 by year-end. Deutsche Bank’s Crypto Survey A recent Deutsche Bank survey of over 3,600 consumers, published this […]

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Coinbase (COIN) Seeks to Take Core Question in U.S. SEC Case to Higher Court

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Investment contracts are securities regulated by the SEC, so if a crypto transaction qualifies, it belongs in the agency’s jurisdiction and should be properly registered under the law. The regulator has argued before lawmakers and courts that the vast majority of digital assets are securities, but Coinbase and others from the industry contend that once the asset hits secondary markets and is no longer connected to the business that issued it, the token is beyond the SEC’s legal reach. Answering this dispute would be fundamental for the U.S. crypto sector.

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Bitcoin’s crash to $64k causes meltdown for alts

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Bitcoin’s (BTC) value plummeted below $65,000 on April 12, a stark drop from its $71,000 peak earlier in the day, as a wave of selling hit the crypto and equities markets, causing some altcoins to fall more than 15% in a matter of minutes.

The decline mirrored a broader selloff across asset classes amid heightened global economic uncertainties and geopolitical risks.

Bitcoin has slightly recovered since the violent drawdown, trading at around $67,300 as of press time, based on CryptoSlate data.

Ethereum, the second-largest crypto by market capitalization, fell 12% to $3,100 before paring some losses to close 8% lower at $3244 as of press time.

Meanwhile, BNB and Solana (SOL) dropped almost 14% before recovering some losses. Both tokens were down roughly 12% over the past 24 hours as of press time — trading at $593 and $153, respectively.

Smaller cryptocurrencies faced even steeper declines, with tokens like Cardano (ADA), Avalanche (AVAX), and Bitcoin Cash (BCH) recording losses ranging from 15% to 20%.

The crypto market’s downturn triggered one of the largest leverage washouts of the month, erasing approximately $850 million in leveraged derivatives positions, with CoinGlass data indicating that $770 million of these were long positions expecting price increases.

Traditional stock markets also suffered losses as investors feared an escalation in Middle Eastern conflicts following warnings from US officials about potential aggressive actions by Iran against Israel.

This uncertainty drove investors toward safer assets, boosting Treasury bonds and the US dollar. Meanwhile, the S&P 500 and Nasdaq 100 each dropped about 1.7%. Gold prices briefly soared to an all-time high of over $2,400, and oil prices increased by 1%.

Ryze Labs commented on the day’s events, forecasting continued volatility for cryptocurrencies in the short term due to the upcoming tax season. Despite the immediate market jitters, the firm maintains a positive long-term view, anticipating that an easing monetary policy and a slowdown in quantitative tightening might stabilize and boost the crypto sector.

As global markets navigate through economic indicators and geopolitical tensions, the crypto sector remains particularly sensitive to such developments, preparing for possible further fluctuations as it approaches tax season and beyond.

The post Bitcoin’s crash to $64k causes meltdown for alts appeared first on CryptoSlate.

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Bitcoin Halving Countdown Discrepancies – CryptoCurrencyNews

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As the Bitcoin network’s halving event approaches, scheduled to occur in about seven days (April 19), the accuracy of online countdowns is coming into question. Various platforms display conflicting estimates of when the halving will take place, creating confusion for those closely monitoring the event.

For example, Watcher Guru forecasts the halving in seven days, seven hours, and 20 minutes, while CoinMarketCap predicts it will happen two hours later. Similarly, the “Bitcoin Block Reward Halving Countdown” indicates it will occur in seven days and 15 hours. Despite these variations, they generally align, but discrepancies can frustrate traders looking to capitalize on the halving.

The Bitcoin halving occurs approximately every four years, triggered by reaching every 210,000 blocks, with the upcoming event slated for block height 840,000. Ideally, given Bitcoin’s 10-minute block time, determining the precise timing of the halving should be straightforward. However, practicalities complicate matters.

According to Simon Cousaert, director of data at The Block Research, the accuracy of countdowns depends on factors like the current block height and the average block time. While the target block is constant, fluctuations in the average block time due to varying miner activity make accurate predictions challenging.

Marko Tarman, lead mining manager at NiceHash, emphasizes the dynamic nature of block times, which can significantly affect predicted halving events. Shorter average block times suggest an earlier halving, while longer times delay it.

In essence, while the halving event is predetermined and highly anticipated, predicting its exact timing is more art than science due to the fluctuating nature of block times. Accuracy becomes increasingly crucial as the event approaches, highlighting the complexities involved in tracking this significant event in the Bitcoin ecosystem.

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A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards

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Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’ rewards from pools like F2pool, Antpool, Binance Pool, and Braiins are being funneled to this particular custodian. Onchain Data Reveals Single […]

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Merging top-down and bottom-up planning approaches

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This blog series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. The first post of this series addressed the challenges of the energy transition with holistic grid asset management. The second post in this series addressed the integrated asset management platform and data exchange that unite business disciplines in different domains in one network.

Breaking down traditional silos

Many utility asset management organizations work in silos. A holistic approach that combines the siloed processes and integrates various planning management systems provides optimization opportunities on three levels:

  1. Asset portfolio (AIP) level: Optimum project execution schedule
  2. Asset (APMO) level: Optimum maintenance and replacement timing
  3. Spare part (MRO) level: Optimum spare parts holding level

The combined planning exercises produce budgets for capital expenditures (CapEx) and operating expenses (OpEx), and set minimum requirements for grid outages for the upcoming planning period, as shown in the following figure:

Asset investments are typically part of a grid planning department, which considers expansions, load studies, new customers and long-term grid requirements. Asset investment planning (AIP) tools bring value in optimizing various, sometimes conflicting, value drivers. They combine new asset investments with existing asset replacements. However, they follow different approaches to risk management by using a risk matrix to assess risk at the start of an optimization cycle. This top-down process is effective for new assets since no information about the assets is available. For existing assets, a more accurate bottom-up risk approach is available from the continuous health monitoring process. This process calculates the health index and the effective age based on the asset’s specific degradation curves. Dynamic health monitoring provides up-to-date risk data and accurate replacement timing, as opposed to the static approach used for AIP. Combining the asset performance management and optimization (APMO) and AIP processes uses this enhanced estimation data to optimize in real time.

Maintenance and project planning take place in operations departments. The APMO process generates an optimized work schedule for maintenance tasks over a project period and calculates the optimum replacement moment for an existing asset at the end of its lifetime. The maintenance management and project planning systems load these tasks for execution by field service departments.

On the maintenance repair and overhaul (MRO) side, spare part optimization is linked to asset criticality. Failure mode and effect analysis (FMEA) defines maintenance strategies and associated spare holding strategies. The main parameters are optimizing for stock value, asset criticality and spare part ordering lead times.

Traditional planning processes focus on disparate planning cycles for new and existing assets in a top-down versus bottom-up asset planning approach. This approach leads to suboptimization. An integrated planning process breaks down the departmental silos with optimization engines at three levels. Optimized planning results in lower outages and system downtime, and it increases the efficient use of scarce resources and budget.

Read more about IBM® Maximo® APM for Energy and Utilities

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