BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $28289 | 1.34% |
| ETHEREUM | $1850 | 0.53% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.23 T | 0.50% |
| TRADING VOLUME | $35.20 B | 2.50% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| Poolz Finance(OLD) | $0.12 | 400.68% |
| RELEASE | $0.0000081 | 212.27% |
| FutureCoin/td> | $0.15 | 197.89% |
| Friendz | $0.000093 | 93.38% |
| Aidos Kuneen | $0.65 | 92.69% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| Creaticles | $0.017 | 58.20% |
| Blocksport | $0.073 | 51.15% |
| OOGI | $0.0000042 | 46.38% |
| Hiblocks | $0.000084 | 34.33 |
| Parachute | $0.00028 | 31.66% |
During the past weekend, the majority of cryptocurrencies experienced a surge in value. This was largely attributed to the non-farm payrolls report, which revealed the addition of 236,000 jobs to the US economy in the previous month. As a result, Bitcoin saw an increase of almost one percent on Sunday, firmly maintaining its position at the $28,300 level. Similarly, Ethereum, the largest peer of Bitcoin, also experienced positive trading and remained above $1,850.
Major Events Around the World
The U.S. branch of Binance is currently facing difficulties in finding a suitable bank to handle its customers' cash following the sudden collapse of Signature Bank a month ago. According to a report by the Wall Street Journal, Binance.US is currently relying on at least one intermediary to store its customers' assets, resulting in significant delays in the transfer and movement of funds.
The Digital Monetary Institute (DMI) Symposium is an annual global event held in London that aims to broaden the discussion on practical and theoretical aspects of digital currencies, such as CBDCs, and the future of financial markets. This year's symposium was attended by 126 central banks, the U.S. Treasury, and experts from across the digital financial sector.
On April 9th, a bug was discovered on the decentralized finance (DeFi) protocol SushiSwap, resulting in a loss of over $3 million. Reports from blockchain security companies CertiK Alert and Peckshield revealed that the bug was related to the approval function in Sushi's Router Processor 2 contract. This smart contract is responsible for aggregating trade liquidity from various sources and identifying the most favourable price for swapping coins. Unfortunately, within a few hours, the bug caused losses of $3.3 million.
COIN GABBAR Views: Optimism regarding the macro environment may be dampened by the regulatory crackdown on the crypto industry in the United States. This complex situation deviates from the typical bull and bear market trends that the industry is accustomed to, and it impacts different sectors in varying ways. Our team is dedicated to providing you with the most up-to-date information on this rapidly evolving situation. We encourage you to stay informed with us as we navigate through these changes. Please stay tuned with us www.coingabbar.com
Also read: Is Gary Gensler the ‘Real Villain’ For Cryptocurrencies in America?
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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