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Discover the excitement and rewards that await you at Xtreme.game with a 100% deposit bonus!Crypto Market UpdateTable of ContentsCryptocurrency Market UpdatesCryptocurrency Markets Rally Post-DipTether Restructures Divisions, Expands Bitcoin HoldingsBinance Converts $1 Billion SAFU to USDCTON Launches Memelandia to Boost Meme Coin EcosystemDeFi and Blockchain InnovationsLayer N Initiates DeFi Liquidity ProgramPolkadot Announces JAM Upgrade for Network EnhancementAptos Partners with Microsoft for DeFi SolutionsRegulatory and Economic InsightsSwedish Tax Agency Targets Crypto MinersEthena Labs Monitors Reserve Fund Amid Market FluctuationsExchange and Platform DevelopmentsOmni Token Plummets Following AirdropNym Technologies Enhances Bitcoin Layer-2 PrivacyScroll Debuts Loyalty Program on Layer 2 NetworkNibiru Chain Introduces $15 Million Grant ProgramOndo Finance Offers Tokenized US Treasuries in CosmosMarket Growth and User EngagementWeb3 Funding Surges in Q1 2024Pi Network Hits 10 Million KYC-Verified UsersYuga Labs Sells Game IPs to Focus on Core ProjectsPopular Nightclub Meme to Be Sold as NFTCryptocurrency Markets Rally Post-DipCryptocurrencies rebounded with notable gains across several coins after a brief dip yesterday. Google Trends recorded peak interest in "Bitcoin halving", doubling the previous record from 2020, indicating heightened public curiosity. Analysts highlighted a deleveraging event in the Bitcoin market, which purged excess leverage and could stabilize prices. JPMorgan anticipates a post-halving drop in Bitcoin prices due to overbought conditions and potential miner consolidation. Meanwhile, Deutsche Bank expects no substantial rally post-halving, considering it already factored into prices. Instead, they anticipate sustained high prices due to potential ETH ETF approvals, central bank rate cuts, and regulatory shifts. Tether Restructures Divisions, Expands Bitcoin HoldingsTether, known for USDT stablecoin, has reorganized into four divisions: Data, Finance, Power, and Edu. The company has expanded its investments in technology, digital asset services, sustainable Bitcoin mining, and digital education. With a $618 million Bitcoin purchase in March 2024, Tether’s total BTC holdings stand at 75,354 BTC. Binance Converts $1 Billion SAFU to USDCBinance has converted its $1 billion Secure Asset Fund for Users (SAFU) into Circle's USD Coin (USDC), now representing 3% of USDC's total supply. The fund, originally held in Bitcoin, Tether, True USD, and BNB, was switched to USDC for enhanced reliability. A massive 800 million USDC transaction took place, along with transfers of 1.36 million BNB and 16,277 BTC. This marks the second conversion in over a year, following the regulatory issues with Binance USD (BUSD). Tether continues to dominate the stablecoin market, while USDC has seen a significant supply increase since December 2023, capturing 20% market share. TON Launches Memelandia to Boost Meme Coin EcosystemTON has introduced Memelandia, a platform aimed at enhancing the meme coin ecosystem. The platform includes the Ranked TOL, a leaderboard tracking meme coin performance based on metrics such as transaction volume, user engagement, and market growth. Memelandia supports meme coins with marketing campaigns, partnerships, accolades, and financial benefits to promote their visibility and development. Layer N Initiates DeFi Liquidity ProgramLayer N, backed by Peter Thiel's Founders Fund, launched a liquidity program for DeFi apps built on its Ethereum layer-2 network. The program, with an initial $20 million investment from Amber Group, aims to foster innovation and sustainable liquidity. CEO Dima Romanov sees it as a pivotal moment for DeFi, paving the way for growth and innovation. Polkadot Announces JAM Upgrade for Network EnhancementPolkadot's founder Gavin Wood introduced the JAM upgrade at the Token2049 crypto conference, aiming to enhance network capabilities. The upgrade aims to combine Polkadot and Ethereum elements to create a secure and scalable smart contract system. A 10 million DOT prize will incent diverse development of the JAM protocol, leveraging on-chain governance for community approval. Aptos Partners with Microsoft for DeFi SolutionsAptos Labs has partnered with Microsoft, Brevan Howard, and SK Telecom to create Aptos Ascend, offering institutional solutions for decentralized finance. This will include privacy tools, KYC features, and regulatory support. Microsoft Azure and Brevan Howard's expertise will be leveraged for the financial suite, bridging the gap between traditional financial institutions and DeFi. Swedish Tax Agency Targets Crypto MinersThe Swedish Tax Agency uncovered tax misappropriations totaling $90 million by 18 crypto-mining firms between 2020 and 2023. The firms used misleading business descriptions to avoid VAT and import taxes, resulting in unpaid taxes and surcharges. Despite appeals, the administrative court upheld the $90 million demand. Hive Digital Technologies expanded its operations in Sweden, focusing on sustainable, green energy-powered Bitcoin production. Ethena Labs Monitors Reserve Fund Amid Market FluctuationsUSDe holders are advised to monitor Ethena Labs' reserve fund by CryptoQuant to mitigate risks from negative funding rates. With Ethena offering a 17.2% yield through a "cash and carry" trade, sustaining a keep rate above 32% is crucial for the reserve fund's sustainability, especially in bear markets or during market cap growth. Omni Token Plummets Following AirdropOmni Network's token, OMNI, plunged 55% post-airdrop, halving its market cap. The airdrop distributed 3 million tokens, 3% of the total supply, leading to a drop from $53.80 to $24. Another fake OMNI token rug pulled, dumping 1.7 quadrillion tokens, resulting in a $398,000 exit scam. Advisors and investors received OMNI tokens on staggered unlock schedules. Nym Technologies Enhances Bitcoin Layer-2 PrivacyNym Technologies has joined Liquid Federation to enhance Bitcoin layer-2 privacy. As one of 15 functionary node operators for the Liquid Network, Nym will integrate Liquid functionality into its mixnet, providing a privacy boost for Bitcoin layer-2 users. This collaboration aims to bolster transaction confidentiality and elevate privacy standards, coinciding with Bitcoin's fourth halving event. Scroll Debuts Loyalty Program on Layer 2 NetworkScroll introduces the Scroll Sessions Loyalty Program on its Layer 2 network, rewarding community engagement with Scroll Marks. Chinese and U.S. users are excluded from participation. Session Zero commences with assets bridging and future sessions will introduce more opportunities. Scroll also plans to enhance user experience by introducing an interface to track Scroll Marks. Nibiru Chain Introduces $15 Million Grant ProgramNibiru Chain, backed by HashKey, Kraken Ventures, and Tribe Capital, launches a $15 million grant program, distributing tokens to developers for platform enhancement. $5 million is specifically allocated for Asian projects. Initiatives include hackathons with prizes up to $100,000, a developer reward system linked to transaction fees, and bounties for fulfilling protocol requests. Ondo Finance Offers Tokenized US Treasuries in CosmosOndo Finance has teamed up with Noble chain to bring its tokenized U.S. Treasury offerings to the Cosmos ecosystem, targeting a 5.2% annual yield. This move, expanding its token offerings to over 90 blockchains, aims to increase adoption of its products backed by U.S. Treasuries as a savings, payment, and collateral asset. Web3 Funding Surges in Q1 2024In Q1 2024, Web3 startup funding saw a 58% surge, reaching nearly $1.9 billion across 346 deals, according to Crunchbase. Despite this increase, VC funding remains lower year-over-year. Four Web3 firms attained unicorn status, driven by crypto market upticks. Notably, the industry anticipates growth with potential boosts from Bitcoin ETFs and halving events. Pi Network Hits 10 Million KYC-Verified UsersPi Network has reached an impressive milestone by surpassing 10 million verified users through KYC. Despite this achievement, concerns have surfaced regarding the token's tradeability and its perceived value to users. The network plans to launch a mainnet contingent on reaching specific milestones, including further KYC verifications and app development goals. Top Altcoin Gainers and LosersGainers:Akash Network AKT (+11.82%) Injective INJ (+11.30%) Gala GALA (+9.30%) Losers:Core DAO CORE (-8.37%) Celestia TIA (-5.76%) Nervos Network CKB (-5.39%) NFT Market MapYuga Labs Sells Game IPs to Focus on Core ProjectsYuga Labs has sold the intellectual property of games HV-MTL and Legends of the Mara to Faraway, aligning with an effort to shift focus. With Spencer Tucker joining Faraway as Chief Product Officer, this move reflects Yuga's aim to "unshackle" the Bored Ape Yacht Club team to execute their vision. Meanwhile, the BAYC collection's floor price has sharply decreased by 92% since May 2022. Popular Nightclub Meme to Be Sold as NFTA popular meme photo of a guy "explaining" to an uninterested woman at a nightclub, named "Milk Edinburgh," will be auctioned as an Ethereum NFT. Originally captured in 2018 by photographer David Wilkinson, this meme will be auctioned on April 22 with a reserve price of 15 ETH, aiming to onboard more creators into crypto. This article has been refined and enhanced by ChatGPT.