💰 Grayscale CEO Says Bitcoin ETF Outflows Are Reaching Equilibrium: ReutersMichael Sonnenshein, CEO of digital asset investment manager Grayscale, sees outflows from the company's bitcoin (BTC) exchange-traded fund (ETF) reaching an equilibrium, Reuters reported on Wednesday. Sonnenshein said that some of the selling connected to settlements of bankrupt crypto companies like FTX is "largely behind us," according to the report, citing an appearance on a Reuters podcast.

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💰 Next Bitcoin Halving to Propel Prices to Between $150,000 and $169,000, Says BitfinexBitfinex’s Alpha report delves into Bitcoin’s past halving events since the first one in 2012, employing a regression model to forecast the potential impact of the upcoming halving. Despite acknowledging the simplicity of their model, researchers argue for a significant upswing in bitcoin’s value, projecting it to hit between $150,000 and $169,000. This optimistic outlook is tempered by the recognition of unprecedented market dynamics, such as pre-halving all-time highs and increased selling pressure from both long-term and short-term BTC holders.

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💰 Grayscale Bitcoin trust sheds roughly 300,000 BTC since ETF launchFarside data reports that the Bitcoin ETF market experienced a notable shift on Apr. 8, with the overall sector recording its first net outflow day since Apr. 1, totaling $223.8 million. The primary driver of this change was a significant $303.3 million outflow from the Grayscale Bitcoin Trust (GBTC), its largest outflow since March 25, which has now seen a total of $15,808.6 billion in outflows.

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📊 Crypto Exchange Bitget Joins Meme Coin Hype, Issues Token That Rises 14,000%A meme coin issued by cryptocurrency exchange Bitget has surged by more than 14,000% to a $31 million market cap hours after being released. The ticker for the token, which was issued on Base network, is MOEW, and it is currently trading at $0.0028 on the back of $34 million worth of trading volume, CoinMarketCap data shows. 11,700 individual wallets currently hold MOEW, according to Basescan. "Just for funsies, nothing too serious. We wanna see what the power of memes can do," Bitget wrote on social media platform X.

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🪙 Vitalik Buterin Says Layer 3s Won’t Magically Increase ThroughputEthereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. In one of them, Layer 2 is responsible for scaling, while Layer 3 focuses on customizing functionality. While this doesn’t directly enhance scalability, it allows applications to scale through L2s while dissecting layers to meet specific operational requirements for diverse use cases.

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🇰🇷 Crypto.com to launch platform in South Korea following local exchange acquisition

Global digital asset exchange Crypto.com is launching its retail trading services in South Korea on April 29, according to its announcement on Tuesday. “We are incredibly excited to be launching the Crypto.com App for retail users in South Korea — a market of tremendous importance to the growth of our business, and one in which consumers are very interested in crypto,” said Eric Anziani, president and chief operating officer of Crypto.com, in the announcement.

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🏴 Aptos's native token jumps over 15% to hit all-time highAptos's native token hit a new all-time high on Tuesday after leaping over 15%. The APT token was changing hands at $18.78 as of 10:51 a.m. EST, according to CoinGecko, with Tuesday's price the highest APT has traded since hitting its previous high in January 2023. Aptos Labs, the company spurring the development of products and applications on the blockchain, announced a flurry of new initiatives this year.

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💰 BlackRock’s ETF could flip GBTC in Bitcoin holdings within 3 weeksThe amount of Bitcoin in BlackRock’s spot Bitcoin ETF could overtake crypto asset manager Grayscale’s GBTC within the next three weeks, assuming no drastic changes in current flows. As of March 22, BlackRock’s iShares Bitcoin Trust ETF held 238,500 Bitcoin on its books — worth $15.5 billion at current prices — and has seen average daily inflows of approximately $274 million, with around 4,120 in new Bitcoin entering the fund every day.

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🚨 Heco Bridge Hacker Moves $137 Million in Stolen ETH to Tornado Cash

In a recent development observed by onchain alerts, the entity responsible for exploiting the Heco bridge and siphoning off millions in ethereum late in November 2023 from the conduit bridge connecting Ethereum and the Heco blockchain, transferred 40,391.8 ether to the mixing platform Tornado Cash.

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🪙 Ethereum Foundation Under Investigation by 'State Authority'The Ethereum Foundation – the Swiss non-profit organization at the heart of the Ethereum ecosystem – is under investigation by an unnamed "state authority," according to the group's website's GitHub repository. The scope of the investigation and its focus was unknown at press time. According to the GitHub commit dated Feb. 26, 2024, "we have received a voluntary enquiry from a state authority that included a requirement for confidentiality."

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