The ABBC Foundation is pleased to announce that the ABBC Trade Plan is rapidly approaching its target of 320 million ABBC Coins. Thanks to our dedicated community, we have come within reach of this milestone. Our CEO Jason Daniel Paul Philip extends his heartfelt thanks to the ABBC community for making this possible. 

As announced previously, the ABBC Foundation is marking the Plan’s success with a scheduled burn of ABBC Coins to maximize the value in the ABBC ecosystem. After a careful analysis of our tokenomics, we have decided to burn 300 million ABBC coins. 

The ABBC Trade Plan represents a strategic retrieval of the community’s ABBC coins through the use of the ABBC Foundation’s funds. The plan’s structure empowers users by offering BUSD rewards in exchange for ABBC coins. 

The ABBC Foundation provides users with exciting rewards and earning opportunities. The opening rate was a wholesome 300% BUSD reward for every subscriber and the final reward rate is running at 240% BUSD. The rewards are being distributed on a weekly basis for a period of 365 days. 

The ABBC Foundation has also incentivized users with referral reward systems and have offered them a user-friendly interface that enables them to instantly track and claim their BUSD rewards whenever they want, with top-tier security.

Through this burn event, we are aiming to reduce inflation and maintain a healthy balance between supply and demand. By eliminating the 300 million ABBC Coins through an eater address, we are creating a safer, more robust and sustainable project economy. 

Further details about the burn event will be announced soon, through the ABBC Foundation’s official channels. 

Disclaimer: All information from this press release was provided to Coin Edition by a third party. This website does not endorse, is not liable for, and does not hold control over this content. Coin Edition, this website, directors, officers, and employees are not directly or indirectly responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

• Lady Ape Club (LAC) announced the launch of its native token, LAC.
• Furthermore, the trending NFT collection has already begun airdrop of LAC tokens for its users from May 22 onwards.
• Eligible users will need to hold Lady Ape Club NFTs, Baby Ape NFTs, and DNA to claim the LAC token airdrop.

On May 22, trending NFT collection Lady Ape Club (LAC) announced the launch of its native LAC token. Out of the total supply of the native token, 45% will be airdropped to eligible users through the LAC Shop. Users will be eligible to receive the tokens if they hold Lady Ape Club NFTs, Baby Ape NFTs, and DNA. 

According to reports, upon securing the position of the top selling NFT, LAC wanted to celebrate the success with their users. As an act of thanking the users for their continuous support, these native tokens will be airdropped to the holders of Lady Ape Club, Baby Ape, and DNA into their Aladdin Pro Wallet. 

According to LAC, Lady Ape Club NFT holders will be eligible to receive 1500 LAC tokens; if they held NFTs of both Lady Ape Club and Baby Ape Club, they would be eligible to receive 2500 LAC tokens; and finally for the users who hit the trifecta, holding all three — Lady Ape Club NFT, Baby Ape NFT, and DNA — would be eligible to receive 4000 LAC tokens. 

To claim the airdrop, users must visit the Lady Ape Club’s newly launched LAC Shop. The LAC Shop is a portal where users can order merchandise such as shirts and hats, and use their Lady Ape Club or Baby Ape NFTs as designs. Users must sign up to the LAC Shop using their previously registered STRMNFT email address. 

LAC says it aimed to make the claiming process convenient while still being secure. Eligible users must use the Aladdin Pro wallet before claiming their airdrop. When claiming their LAC airdrop, a verification will be sent to the eligible holders’ registered Aladdin Pro wallet email address. Afterward, the transaction will be verified by the Lady Ape Club administration team.

Staying in-tune with their brand qualities, LAC has also released a help guide for their users to help smooth the reward claiming process.The manual has a step-by-step instructional format to guide its users through the reward claiming process. 

LAC also shared a breakdown of its tokenomics. 45% of their native LAC tokens will be channeled towards LAC and BAC airdrop, 15% will be used in TNC Art, 13% will be offered to the early adopters and supporters of the LAC NFT community, 7% will be given to LAC founders, 10% will be directed to donations, and 10% will be used in ecosystem marketing. 

• Income Sharks, the Twitter crypto analyst recently posted about the behavior of meme coins in the total market cap.
• PEPE, LADYS, DOGE, and SHIB are seen as the top trending performers.
• SHIB seems to have reached the rock bottom; it could be early signs of a bull run.

Income Sharks, the Crypto and market education, analysis and predictions page on Twitter recently posted a graph depicting the total market cap of the crypto with reference to trending memecoins.

Taking into account the memecoin’s behavior in the past four hours, PEPE is seen within the stipulated ranges of the bollinger band and since the width of the bands are contracting, PEPE can be expected to move sideways or consolidate.

However, when considering the previous bull run that occured from the same price where PEPE is of now, PEPE has the tendency to break Resistance 1 and reach Resistance 2. Hence, if the coin is on a bull run it is expected to test Resistance Level 1 at $0.00000301. If the bulls are strong enough to break Resistance Level 1, PEPE will move to test Resistance Level 2 at $ 0.0000371.

Contrastingly, if the bears overtake the market, PEPE may seek assistance from Support Level 1 at $0.000001109. Furthermore, if the bear’s stranglehold remains the memecoin may  break through Support Level 1 and move to test Support Level 2 at $0.000001571.

Considering the memecoin’s behavior for the past four hours, LADYS is seen moving inside the stipulated range of the bollinger bands. Since LADY has retraced after touching the upper band and is close to SMA, it could move in either direction. 

However, that occurred from the same price where LADYS is at now, LADYS has the tendency to reach Resistance 1. Hence, if the coin is on a bull run it is expected to test Resistance Level 1 at $0.000001594. Moreover, when considering the rise of LADYS, we could see that every rise was followed by a period of consolidation.

Interestingly, LADYS seems to be emitting the same behavior while it is falling down — every fall followed by consolidation. Since LADYS seems to be consolidating near the SMA, we could expect the prices to fall into the lower half of the Bollinger band.

As such  LADYS may seek assistance from Support Level 1 at $0.0000000612.

When considering the behavior of DOGE since April, we could see that it tested Resistance 2 a couple of times before falling below Resistance 1.

Currently, DOGE is fluctuating below Resistance 1. In particular, DOGE has been moving approximately within the $0.0773 and $0.08106 range. Thereafter, DOGE further fell and now it’s fluctuating with the $0.07102 and $0.07369 range. Since the Bollinger bands are squeezing, there could be more consolidation.

When considering the behavior of Shiba Inu we could see that it heavily depended on Resistance 1, which acted as a support level for SHIBA during its fall. We could see that even after falling below Resistance 1, SHIB still tested it. Nonetheless, the bulls were not strong enough to break through.

However, SHIB showed resilience as it was falling. The preceding thesis could be proven by the period of consolidation that was followed after every fall. Unfortunately, the bulls couldn’t hold onto SHIB for long. As such we could see the time period of consolidation shrinking with every fall.

Now it seems that SHIB has reached the rock bottom of the fall, hence, we may expect it to rise from the ashes. If this is the case for Shiba Inu, we could expect it to test Resistance 1 at $0.000017. However, once SHIB is on a bull run, Resistance 1 has not been able to contend its rise. As such, it may rise further and reach Resistance 2 at $0.00001112.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Memecoin PEPE ranked first on LunarCrush AltRank with more social activity than BTC.
• PEPE is trading at $0.000002 with an increase of 9.86% during the last 24-hours.
• PEPE Bears and bulls fight tooth and nail; but bears have the last say.

LunarCrush takes to Twitter to announce that Memecoin PEPE has topped LunarCrush AltRank and has showcased more social activity than Bitcoin (BTC).

According to LunarCrush, $PEPE ranked first on LunarCrush Altrank reaching a price of $0.000001903 earlier on Sunday. At press time, LunarCrush AtlRank is at 671st position out of the 4389 coin/token in the market.

AltRank is LunarCrush’ parameter that accesses a cryptocurrency’s community and traction and compares that across the entire cryptocurrency marketplace. AltRank is a culmination of metrics which makes a top 25 ranking coin/token attention worthy. The metrics include Market Volume Rank, Social Volume Rank, Percent Change versus Bitcoin Rank, and Social Score Rank.

According to LunarCrush’s  social dominance 24- hour-graph, $PEPE also projected more social activity than Bitcoin (BTC). $PEPE was valued at $0.000001730 at the time and was endorsed by five top influencers, namely, Ash Crypto, David Gokhshtein, SlumDOGE Millionaire, Crypto Rover, and BSC Gems Alert.

LunarCrush determines social dominance as the “share of voice” across all social media data. This is similar to Market dominance; however, instead of dividing a coin’s market cap by the entire cryptocurrency market, Lunarcrush divides a coin’s social volume by the entire cryptocurrency market’s social volume.

As per CoinMarketCap, at press time, the memecoin $PEPE is valued at $0.000002 which is a fall of 9.86% in the last 24-hours. $PEPE has a 24-hour trading volume of $433, 228, 314 and has a coinmarketcap ranking of 64. It has a live market cap of $676,842,556 with a circulating supply of 391,790,000,000,000 and maximum supply of 420, 690, 000, 000, 000 PEPE coins.

Taking into account the memecoin’s behavior in the past four hours, PEPE is seen within the stipulated ranges of the bollinger band and since the width of the bands are constant, PEPE can be expected to move sideways or consolidate.

However, when considering the previous bull run that occured from the same price where PEPE is of now, PEPE has the tendency to break Resistance 1 and reach Resistance 2. Hence, if the coin is on a bull run it is expected to test Resistance Level 1 at $0.00000301. If the bulls are strong enough to break Resistance Level 1, PEPEwill move to test Resistance Level 2 at $ 0.0000371.

Correspondingly, if the bears overtake the market, PEPE may seek assistance from Support Level 1 at $0.000001109. Furthermore, if the bear’s stranglehold remains the memecoin may  break through Support Level 1 and move to test Support Level 2 at $0.000001571.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Haqq’s Shariah-compliant Islamic coin plans its public launch in 2023.
• The 100% halal coin has helped boost crypto adoption in Muslim countries.
• Haqq’s co-founder Mohammed Alkaff Alhashmi says, “The coin has the potential to become a tier-1 asset.”

Islamic coin ($ISLM), the native coin of the Haqq ecosystem, plans its public launch in 2023. Haqq is reported to be the world’s first ecosystem that abides by the principles and traditions of Islam. This particular coin focuses on providing the global Muslim population with a financial platform and is a 100% halal cryptocurrency.

According to the team, Islamic coin is poised to help alleviate the reservation Muslims hold about digital assets as it abides by the customs of Islam. Focused on driving crypto adoption in the region and boosting Islamic finance across 185 countries, Islamic Coin has received accreditation and authorization through the Fatwa of several Muslim authorities.

The organization states that its mission is to provide the global Muslim population with a financial platform enabling real-time, transparent, and cross-border transactions while supporting Web3 innovations and philanthropy. To this end, the network will dedicate 10% of each Islamic Coin issuance to philanthropic pursuits across the Muslim world.

Haqq Association, the ecosystem’s non-profit, has partnered with the International Islamic University of Malaysia (IIUM) to increase blockchain and crypto awareness with a positive learning environment. Haqq and Islamic Coin recently partnered with DDCap Group, and will be working on a Web3 Shariah-compliant alternative to SWIFT as well as other products.

Haqq is also forming several commercial partnerships with retail and e-commerce platforms to introduce Sharia-compliant Web3 technologies into traditional Web2 environments. Most recently, it has partnered with Holiday Swap, the world’s largest home exchange platform, to transition the company’s tokenized operations to Web3.

Claiming that the coin has the potential to become a tier-1 asset, Haqq’s co-founder Mohammed Alkaff Alhashmi states:

If only 3-4% of the online Muslim community holds the coin, it could become a Bitcoin-scale asset.

Given last year’s bear market, the Islamic coin placed a record-shattering feat securing over $200 million in August 2022. It’s also interesting to note that, in 2022 alone, cryptocurrency transactions in the MENA region accounted for $566 billion: a 48% increase from the previous year.

• Venom Foundation partners with the Kenyan Government to establish a blockchain hub in Africa.
• It will foster knowledge sharing, networking, and collaboration in Africa’s blockchain space.
• Cabinet Secretary Moses Kuria says that he is excited about this partnership.

Venom Foundation, a global blockchain company, announced a partnership with the Government of Kenya to establish a blockchain hub in Africa. Cabinet Secretary, Ministry of Investments, Trade & Industry of The Republic of Kenya Moses Kuria took to Twitter to announce this partnership.

In the post, Kuria said, “This partnership signifies Kenya’s stance towards next-gen technology, financial development, and will catalyze further innovations in various industries, benefitting people both nationally and globally.” Furthermore, the partnership will focus on the development of Web3 and blockchain technology applications.

Reportedly, the blockchain hub will act as a central platform for forging partnerships with innovative companies. It will help in fostering knowledge sharing, networking, and collaboration among key stakeholders in the blockchain space based in Africa.

Additionally, Venom also planned to supply crucial tools and resources to support African countries to establish a solid foundation for digital transformation. It would include areas where blockchain technology can make a significant impact such as supply chain management, land registry, voting systems, tokenizations of assets, and others.

The partnership aims to promote transparency, efficiency, and trust across various sectors throughout the continent by implementing these solutions. Christopher Louis Tsu, CTO for the Venom Foundation, commented that Africa is already rich in natural resources and human capital.

 Suggesting the entry of next-generation blockchain technology to Africa, he adds:

It [blockchain technology] will empower the people and help not only Kenya but many other African nations to capitalize on their assets and participate in new global markets.

The Kenyan government also expressed enthusiasm for the partnership. Kuria stated, “We are excited to work together with the Venom Foundation.”

• Warner Music SG and Affyn are collaborating to create new opportunities for Web3 gaming content.
• A custom song with bilingual artist J.M3 will be produced for Affyn’s new game.
• Affyn will be revealing its new game at its keynote event, Evolution, on May 10.

Warner Music Singapore and Affyn, a prominent Singapore-based Web3 company, announced today that they are partnering to create new opportunities for artists and audiences in the gaming industry.

The deal aims to motivate and inspire creators to explore the endless possibilities of the Web3 gaming world, and provide everyone with unique experiences that have never been seen before.

Lucaz Lee, the CEO of Affyn, believes that this collaboration with Warner Music Singapore will represent a new era of digital content consumption. The collab will leverage Web3 technology to support musicians, artists, creators, and collaborators to deliver an even more immersive and interactive experience for the audiences, according to Lee.

We look forward to the exciting possibilities that this partnership will bring to our platform and to the wider entertainment industry.

Gerald Ang, the Managing Director of Warner Music Singapore, added that they are delighted to collaborate with Affyn. The Warner Music SG team is looking forward to exploring innovative and creative approaches to promote Warner Music Singapore’s artists by taking audience engagement to unprecedented levels. Looking to tap into new avenues, Ang said:

We can broaden our reach in ground-breaking ways. We look forward to continuing our close partnership with Affyn and identifying more exciting opportunities for collaboration.

Affyn will be revealing more details about its new game set to launch this year at their keynote event, Evolution, on May 10. As part of the partnership, Warner Music Singapore will produce a customized song featuring bilingual artist J.M3 (pronounced Jamie) for Affyn’s new game. In addition, she will also be performing as a main character via an avatar in the game’s trailer, creating an immersive audio-visual experience for fans.

In related news, J.M3, with her recent releases such as ‘Castle’, ‘Don’t lmk’, and ‘Hot Sauce’, will also be dropping her highly anticipated debut EP titled 180:Athena on all major DSPs on May 19.

• Crypto Analyst Aurelein predicted BTC to Hit $200K by 2024.
• At press time, BTC is trading at $129,113 with a decrease of 0.38% in the last 24 hours.
• BTC drops after a period of consolidation; it could fall following the present consolidation.

Crypto analyst Aurelien Ohayon aka TAnalyst took to Twitter to share some observations on the crypto market leader Bitcoin (BTC). The analyst predicted that BTC is heading for a bull run. It could be that he placed his bets on the upcoming Bitcoin halving in April 2024.

According to the infographics shown in the tweet, TAnalyst predicted that if BTC was to follow the same pattern within the linear regression, then it had the possibility of reaching $200K by 2024.

BTC At Press Time (Source: CoinMarketCap)

According to CoinMarketCap, BTC is currently valued at $29,113.11 with a fall of 0.38% in the last 24 hours.

BTC’s current CoinMarketCap ranking is at 1st position with a 24-hour trading volume of $15, 975, 921, 546 and a live market cap of $563,766,994,045. It has a circulating supply of 19, 364, 712 BTC coins and a maximum supply of 21,000,000 BTC coins.

BTC was consolidated around the end of April, hitting three monthly highs. It started showing a rise in value at the beginning of May, however, as the month progressed, BTC started falling and has since then been in the red. BTC hit four monthly lows and only rose above the opening market price once on May 5 with a value of $29,460.12.

BTC/USDT 1D- Chart (Source: TradingView)

When considering the chart above, we could see that BTC is on an uptrend rising within the linear regression. If BTC continues its trajectory within the linear regression it has the possibility of reaching Resistance 2 at $47.9K. However, during its march to Resistance 2, it may find Resistance 1 as a hard barrier to break.

In the event BTC is obstructed by Resistance 1, it may seek support at $32.4K. However, if the support at 32.4K fails to act as a launch pad for BTC’s next bull run, we could expect BTC to test Resistance 1 a few times and consolidate. 

However, BTC’s brief periods of consolidations have been followed by a drastic drop during the past months. And every contraction of Bollinger bands have been followed by an expansion. Hence, if this is the calm before the storm, BTC could fall. If it does fall, it may land on Support 2. But the question is, will the preceding happen with an impending halving. The wait is on.  

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

• Author at CryptoQuant MAC. D reveals the reasons for the fall in ETH price.
• “When ETH transaction failures rise, it shows a market overheating and has often seen a price correction,” says MAC. D
• Ethereum is currently valued at $1,900.12.

Leading on-chain data analytics provider CryptoQuant’s author MAC.D diagnosed the fall of Ethereum’s (ETH) price. The cause and effect relation is intricately explained in an article published by CryptoQuant on Twitter.

In the article, MAC.D pointed out that the recent Ethereum Shanghai upgrade and the activation of the network led to the occurrence of excessive transactions. “When the number of transactions increases, the network overheats,” he stated.

MAC.D further observed that if the gas limit is set too low as the network overheats, the transaction may not be completed and more Ethereum transactions may fail. Hence, in order to prevent damage to gas costs, he explained that the users, “compete to pay higher gas fees to complete transactions.”

Following that, MAC.D offered an insight into Ethereum’s average gas limit. He said, “Ethereum average gas limit allows users to specify a maximum gas limit to prevent transaction fees from being too high.” He remarked that ETH’s average gas limit has recently increased. As per ETH’s official page, ETH currently has an average gas limit of 21,000 units of gas.

The author indicated the fall of ETH’s price by taking an anecdote from the past:

When ETH transaction failures rise above 200,000, it shows a market overheating and has often seen a price correction.

Furthermore, MAC. D stated that even though there seemed to be an adjustment tax due to overheating, it may be a short-term phenomenon. Subsequently, looking at the BTC MVRV cycle indicator, MAC.D denoted that ETH is currently at a low. He suggested, “there is still room for further upside.” He also advises that it would be a good idea to use the ‘corrective market’ to ‘accumulate’ ETH.

According to CoinMarketCap, ETH is currently valued at $1,900.12 with a surge of 1.80% in the last 24-hours.

Snapmuse.io, a blockchain-based social app, enables content creators to create a loyal and active community of fans, helping them access more funding and engagement while the fans connect directly with their favorite creators and receive exclusive benefits and real-value rewards based on their engagement.

Content creation is increasingly skewing towards social networks across the globe, and Mexico has proven no different. The country has a dynamic, diverse, and attractive country in terms of digital content creation, and the latest move aims to boost Snapmuse.io’s presence in the region. Despite the growing presence of content creators on social sites, many creators are unable to keep the connection with their fans, especially when their follower count starts to increase. As such, fostering an authentic community grounded in common beliefs becomes progressively difficult, given the prevailing social media landscape hinders creators from connecting in a mutually beneficial manner.

“We know social media very well. Our first venture is a royalty-free music company for social media creators and there our tracks brought life and identity to millions of content, mainly on YouTube,” said Moris Alhale, CEO of Snapmuse.io during the launch. “After working with creators for years, we learned the difficulties creators face when trying to get access to funding to grow their channels and connect with their communities in a more personal way. So we decided to create Snapmuse.io to help them overcome that challenge.”

The launch of Snapmuse.io aims to solve this particular challenge, enabling fans and their favorite content creators to connect in an innovative way and create communities that offer real value to both the fan and the creator. The platform allows creators to raise funds and capital through various initiatives on the platform while boosting engagements. Flipping the board, fans are able to acquire ‘CreatorPasses’, which gives them access to exclusive channels of their favorite creators for three months. Additionally, loyal and active fans will receive rewards and benefits as they increase their engagement.

To liven up the launch, popular Mexican artist and the first Latin creator to join Snapmuse.io, Mariana Avila will run a live watch party on her exclusive Discord channel, this Thursday, May 4 at 3:00 pm (Central Mexico time). During the live watch party, Avila will celebrate the release of her new music video. The live party will be shown exclusively on Snapmuse.io and all subscribers can follow it live. Additionally, new subscribers will receive a special video message from the artist.

“Snapmuse.io will allow me to watch the live premiere of my video ‘Tempura’ with my fans, as well as interact with them. But beyond this beautiful experience, the platform is all about empowering creators and giving us the tools to reward our most engaged fans. For me, the launch is the beginning of a great story and one of the most important stops on my artistic journey; I’m very flattered,” Mariana Avila said.

Following the launch of the ‘Tempura’ video, Mariana Avila’s fans will also get a CreatorPass, giving them access to the singer’s exclusive community where they will be rewarded for supporting her and giving them an opportunity to chat with the creator.

Apart from fan engagement, Snapmuse.io also aims to help connect Web 2.0 audiences to the growing Web 3.0 ecosystem via several features including building tools, NFTs and blockchain infrastructure with a seamless user experience that facilitates the purchase of digital collectibles.

Speaking on the growing Snapmuse.io ecosystem, Alhale said, “What we want is to offer creators a robust new monetization platform, which at the same time incentivizes and rewards fan engagement to foster loyal and highly active communities. Content creators who join this project that we are launching in Mexico, will eventually have the opportunity to fund their channels and projects while interacting with their most loyal followers uniquely. Our main objective is to empower creators and revolutionize the social media experience for millions.”

• Founder of CryptoLaw John E Deaton believes that someone wants to orchestrate a pump for XRP.
• Deaton arrived at this idea due to an update provided by a crypto news outlet on the Ripple Vs SEC case.
• XRP market price surged by 0.20% in the last 24 hours.

Founder of CryptoLaw John E Deaton alleges XRP price orchestration following a tweet posted by Blockchain Daily, a cryptocurrency news publishing platform. In the Tweet, it was stated that Ripple and Securities and Exchange Commission (SEC) were to hold an undisclosed meeting.

Offering a stirring update on the trailblazing Ripple vs SEC case, the tweet from Blockchain Daily’s official handle read, “Just In: Reportedly Ripple and SEC to hold undisclosed meeting on May 8th – Unconfirmed Source.”

Deaton responded by challenging the authenticity of this news. “I’m willing to bet this is false,” says Deaton, as he points out that the SEC and Ripple layers could meet anytime they so desire. He further adds,  “I don’t think they would pick a date a week from now and then leak it out.”

The lawyer goes on to explain that this is not how a settlement happens. He emphasizes that the only time a settlement occurs is after a ruling by the judge happens. In this case, it will be by Hon. Judge Torres. Deaton highlights that this scenario will only arise if Ripple gets a big victory. In that event, it could lead to offering a political win for the SEC and help Gary Gensler, SEC Chair, save face via settlement.

However, Deaton does not believe there is any way Gensler can save face, as he states, “Sorry, not going to happen.” He further questions on what basis Gensler would agree that the sale of XRP, now and in the future, would not be treated as a security, while he [Gensler] continues to challenge Coinbase and the others. Deaton observes critically:

He [Gensler] could somehow claim that XRP is like no other token after claiming that it was like others for over two years.

It is under these circumstances that Deaton believes that this might be a deliberate attempt to pump the value of XRP in the market. Referring to the claims of market manipulation and insider trading, he says, “They wouldn’t set a meeting and run the risk of a leak and influence the market.” Deaton reconfirms that they would just meet, come to terms, and only then would report a settlement to the judge.

According to Coinmarketcap, XRP is currently valued at $0.465240 with a 24-hour trading volume of $858,183,678 showing a surge of 0.20% in the last 24 hours. XRP was consolidating at a price of $0.4638 at the time Blockchain Daily posted the tweet and has not shown much change since.

• Twitter crypto researcher Emperor Osmo states, “$ADA has the highest cumulative code commits.”
• Inquisitive Emperor Osmo asks, “What are they building over there?”
• ADA Whale replies with a 25-tweet-long Twitter thread on the latest Cardano updates.

Referring to Cardano’s native coin ADA’s high code commits, Twitter cryptocurrency researcher Emperor Osmo wondered what the Cardano ecosystem was building. To this, an ADA Whale responded with a 25-tweet-long thread that sparked conversations.

In Emperor Osmo’s Tweet he stated, “$ADA has the highest cumulative code commits” posting a graph that denoted Cardano to be the highest project with 106 cumulative code commits. Cardano is the highest among top 25 projects in all market sectors based on daily cumulative code commits.

Cardano is followed by Polkadot and Kusama, both of which have cumulative code commits at 75. When compared with Cardano, there is a vast gap between itself and the others. The response thread held Cardano’s latest updates referring to its vibrant ecosystem.

The ADA whale highlighted their minor and major news, L1+L2 upgrades, stats, Dapps, Spores Network Price (SPO), NFT, governance, community and more in the thread. It also included updates on the rise in native tokens, progress in more projects such as portfolio self-management platform, multi-transaction sending DApp, gamified NFT, and a hackathon.

The updates further included projects from across different sectors like banking, DeFi, RealFi, new wallets, and bridges among other ventures that are growing in the Cardano ecosystem. Apart from the updates within the Cardano network provided by the official ADA channel, many more projects were brought into the spotlight by other Twitter users.

One Twitter user enquired as to why there is no mention to VyFinance, another upcoming project in Cardano. The Twitter user had asked if there was something wrong with the project and why it lacked support, to which ADA Whale responded that they had been supporting the project from day one. As a justification to this almost-allegation, the ADA whale revealed, “I’m just an anon amateur doing this [All Things Cardano] in my free time.”

• MicroStrategy Founder Michael Saylor posted a video of Senator Ted Cruz on Twitter.
• Cruz says, “I’m incredibly bullish about crypto as a whole and bitcoin in particular.”
• The senator reveals he’s a Bitcoin investor and owns more every Monday.

MicroStrategy Founder and Chairman Michael Saylor recently posted a video of Senator Ted Cruz on Twitter, where Cruz is seen explaining that he is incredibly bullish on Bitcoin (BTC).

The clip, which was recorded during the Senators talk at the Bitcoin Policy summit on Wednesday, April 26, depicted that Cruz was incredibly excited about crypto as a whole. He also said he was particularly bullish on BTC. Cruz was of the opinion that BTC is the alpha in the crypto sphere, both in terms of ranking first and being the most dominant coin.

Cruz further described that the analogy of BTC being called as digital gold is powerful and that the insight that led to its creation is still extraordinary. In the video, Cruz was seen establishing his confidence in BTC by stating that he makes personal investments in them. He said that every Monday morning he has a standing order to add more BTCs to his ownership. The senator revealed: 

I’m a BTC investor personally, I own a little more than 2 BTCs and every Monday I earn a little bit more.

Cruz went on to say that he bought the dip, and that he was happy with it which was when he disclosed that he is a long-term investor and finds the volatility in the market completely normal. Referring to the 21 million BTC cap, Cruz said:

There’s going to be ups and there’s going to be down, but 21M is a firm [constant] number.

BTC has seen a promising increase in the last 24 hours, rising over 8% to touch $30,000 on Thursday, April 27, despite falling back to the $29,000 mark. At press time, BTC is valued at $29,309.10.

Furthermore, Cruz believes that one of the attractions of BTC is that it works as a hedge against inflation, especially he adds, “when politicians in Washington carry on a spending binge.” Additionally, the fact that BTC is decentralized makes it powerful as it is far less susceptible to government control, says Cruz.

Cruz’s endorsement of BTC is significant given his past criticisms of crypto. He had previously called for a ban due to concerns about illegal use but now seems to have shifted his views, with actually vouching for the same now. This comes as cryptocurrencies face scrutiny from regulators worldwide, making Cruz’s support a milestone for the industry, showing that traditional institutions are gradually embracing crypto.

• Crypto analyst Ben GCrypto announced the top NFT projects based on their trading volume.
• In the list, Blur, OpenSea, and X2Y2 are ranked in the top three positions.
• Blur ranked first, amongst the top 10, with a trading volume of $899M.

Crypto analyst Ben GCrypto took to Twitter to announce the top 10 NFT marketplaces based on their trading volume for the last 30 days. From the analyst’s list, Blur, OpenSea, and X2Y2 are ranking in the top three positions at $899M, $303M, and $36M, respectively.

As seen in the projection of the list, Blur was ranked first with a trading volume of $899 million. At press time, BLUR, which is the native token of Blur, is priced at $0.6361 experiencing a surge of 71.65% trading volume over a day, hitting a one-month high at $0.8329.

Second to Blur is OpenSea with a trading volume of $303 million. However, OpenSea has shown a visible drop of 48.2% which is, 262,498 traders in 30 days. The NFT marketplace X2Y2 is valued at 36 million, holding the fort at rank 3. At the time of writing, the native token of X2Y2, also called X2Y2 is priced at $0.04097 with a 24-hour trading volume of $330,691.

In the fourth place stands Immutable X Marketplace valued at $27 million and has a native token IMX that has a live price of $1.01 with a 24-hour trading volume of $49,404,624. It is observed that Immutable is down 0.22% in the last twenty-four hours with CoinMarketCap ranking it at 53. 

Right at the median stands CryptoPunks and JPG Stores which hold the fifth and sixth positions and are valued at $20 and $4.7 million respectively. CryptoPunk has a native coin called UPUNK that has a live price of $0.030288 and a 24-hour trading volume of $142.57.

NFT marketplace ThetaDrop holds the seventh position with a trading volume of $4.6 million and LooksRare is in the eighth position with a trading volume of $2.7 million. The native token of ThetaDrop is called TDROP and is priced at $0.003225 at the time of writing and has a 24-hour trading volume of $40,883.50.

LOOKS the token of LooksRare is currently priced at $0.129567 with a 24-hour trading volume of $4,855,856. LooksRare is down by 4.43% in the last 24 hours and has ranked 258 on CoinMarketCap.

The ninth position is taken up by Element, while the tenth and the last position of the NFT Marketplace race is taken up by Axie Marketplace. Both these NFT marketplaces are valued at $2.6 million, respectively.

• Head of SEC Gary Gensler takes heat on Twitter over his latest appearance in the Oversight hearing.
• Crypto personality The Dev created a troll video on Gensler which has been retweeted by Bitboy Crypto.
• The troll video mocks the lack of clarity Gensler has over his regulatory rules.

Crypto influencer Ben Armstrong, known on Twitter as Bitboy Crypto, has recently retweeted a troll video created by The Dev, another popular crypto personality, on Gary Gensler, the infamous Chairperson of the U.S. Securities and Exchange Commission (SEC).

In the video, an actor is seen mockingly impersonating Gensler while he makes regulatory rules on the tokens. The video satirically points out that Gensler heads out to make regulatory rules on securities and tokens according to his whims and fancy.

Armstrong explicitly celebrates this video, as he says, “OMG this is hilarious. The Dev for the win.”

The lashing out from the crypto community was in response to the stance, or lack thereof, taken by Gensler in the recent Oversight Hearing. Gensler had appeared, on Tuesday, in front of the House Financial Services Committee to provide regulatory clarifications.

According to a US Senate Banking Committee hearing video published on YouTube, it is seen that Gensler was far from providing clarity to any of the regulatory measures taken by the SEC upon being questioned repeatedly by Committee Chairman Patrick McHenry (R-N.C.) and Rep. Patrick Toomey.

Gensler, it seems, managed to evade questions by the lawmakers so skillfully that the questioners had to give up, as they were either out of time, or out of patience. The community strongly believes that Gensler had no intention of pointing out what factors would classify a token as a security, even though he was repeatedly questioned about the same.

Gensler’s approach to establishing a policy of regulation by enforcement, without providing confirmation on how crypto companies should operate has always been widely criticized by the Twitter community. Gensler is now viewed as their arch nemesis, and as being aggressively anti-crypto by the crypto industry that once saw him as a potential ally.

• Zoe Wei, Head of Developer Relations and Marketing of BNB Chain speaks about their latest launches — BNB Greenfield and the Zero2Hero Hackathon.
• BNB Greenfield is a decentralized storage network solution that aims to solve the current industry challenges.
• The Zero2Hero Hackathon started on April 17 and will last till May 14.

Zoe Wei, Head of Developer Relations and Marketing of BNB Chain speaks about her recent initiative ‘BNB Greenfield’ which focuses on decentralized storage and the Zero2Hero hackathon in an exclusive YouTube interview with Coin Edition.

In the video, Zoe Wei can be seen speaking about BNB Greenfield and explains it as a decentralized storage infrastructure within the broader BNB chain ecosystem. She tells Coin Edition that the idea is to help users and DApp to trade, store, and exchange data with full ownership and to form a new data economy.

Wei explains that BNB Greenfield stands apart from other decentralized storage systems with its data access, programmability, full ownership, and speed. Furthermore, she highlights that BNB Greenfield is teaming up with various decentralized networks such as AWS or GOOGLE, which can still remain as an individual’s primary storage provider, while BNB Greenfield acts as a secondary provider.

To help large-scale adoption, “We’re trying to provide a user-friendly infrastructure to develop apps that can create a user experience very similar to Web2,” says Wei. When asked about how BNB Greenfield will tackle the challenges in the current decentralized storage network landscape, she replied, “BNB Greenfield can minimize the speed taken to compile encrypted data from different providers. We can also offer ownership to data which can then be commercialized, unlike other blockchains.”

Wei also spoke about some industries that could benefit from this technology such as personal cloud storage, web hosting, and content creators. Further in the interview, she announced that their Zero2Hero Hackathon had launched on April 17 and would last until May 14. This hackathon is a “technology bootcamp” that is aimed at aiding individuals who wish to join Web3 but do not have the technical skills required.

Wei states that this four to five week long bootcamp offers more than 20 workshops across seven tracks. The participant will be able to find project partners from across the world and then bring their ideas to life.

“It does not stop there,” Wei adds; if the projects are valid then the winners will be moved to an ‘incubation round’ which is incentivized by both their web2 and web3 partners. BNB Greenfield has partnered with AWS, Google Cloud, Tencent, Channelling, Acceler, UniSwap, Pancake, and more for the same.

The crypto market in 2023 is breaking out afresh! With the previous year closing with tumultuous lows rather than highs, the new year is ushered in on an upbeat note. The crypto market is making the most out of this year, showcasing massive growth, unveiling airdrops, new projects, token sales, and increasing investment activity in Web3.

With the rapid growth in the first quarter of 2023 that is likened to the pace of the pre-FTX-crash era, CryptoRank believes that the tough days of 2022’s market are in the past. That being said, Q1 2023 did not pass without problems: the most worrying one came from outside DeFi, the commotion in Traditional Finance (TradFi).

The banking crisis posed a great threat to the crypto markets. As crypto is still mostly an investment instrument, the global financial market’s fight with inflation that could lead to a recession will hurt crypto. The threat could be deflected, but these conditions tend to create a hostile market for crypto in a way. However, from another perspective, the challenges of TradFi can also stimulate the adoption of crypto and trust in crypto.

In this 2023 Q1 recap, we will go through the following:

• Heralding of the bull market
• Onset of the airdrop season
• Comeback of DeFi
• Trend that is Layer 2
• Inclination towards fundraising
• Status of the NFT market

Heralding of the Bull Market

After several weeks of volatility from the domino effects that came from the FTX collapse, such as the Genesis panic, BlockFi bankruptcy, Galaxy fiasco, and many more, we still witnessed growth in Bitcoin in January 2023. This growth was followed by an average performance in February and some peaks offered in March.

Among the top ten performers in Q1 was Bitcoin, along with other notable top 100 projects. The Bitcoin moment was marked by the performance of BTC through the weeks of collapsing banks. It was at this point that BTC marked its dominance as one of the highest points in almost a year. Next was Solana, which made a head-turning comeback, after performing poorly in Q3 due to its strong bonds with FTX. Surprisingly, it showed 109% gains in Q1. The next in line was Lido, with a growth of 134%. The last was Aptos, with an exemplary increase of 230% in this quarter.

Even though several incidents took place, such as USDC being de-pegged from $1, BUSD being banned by the government, and the suitcases against crypto firms and entities, the market remained strong. Thanks to the market recovery and strong growth in particular ecosystems, many projects showed commendable numbers this quarter. DeFi was one of the best-performing categories of Q1 overall, especially decentralized exchanges. Other projects, such as those based on Layer 2 Arbitrum and Optimism blockchains, performed better than others, such as Camelot, Radiant, Capital, Velodrome, and Gains Network.

Onset of the Airdrop Season

The first big airdrop happened in February by Blur, one of the biggest NFT marketplaces that airdropped about $300 million worth of tokens. With this action, Blur surpassed OpenSea, the largest NFT marketplace. March had even bigger airdrops, as Arbitrum announced the airdrop plan and launch of the DAO. With its success, ARB seamlessly got into the top 50 and held a strong position.

DeFi Rises From the Dead

DeFi started on the path of recovery as the market improved. The latest trend in DeFi is liquid staking, which is the key element of Proof-of-Stake networks. Liquid staking has many benefits to its credit – it’s a significant source of income for thousands of validators and delegators. The Shapella update is now enabling ETH withdrawals, increasing the popularity of liquid staking. Lido and Rocket Pool, the derivative coin, showed outstanding performances in the first months of 2023.

Arbitrum, Solana, and Optimism showed a notable increase in total value locked (TVL) in Q1 2023 as Ethereum retained the leading position among the blockchains with a noticeable gap from Tron and others.

In terms of combined TVL, liquid staking protocols were the second after DEXs having surpassed Lending and Borrowing protocols. A total of over $16 billion in TVL combined was second to DExs 759 protocols. This means that the total value locked increased by nearly 40% since the start of the year. Protocols based on Layer 2, such as Camelot, Velodrome, and Gains Network, saw a sizable increase in total value locked. Lightning Network showcased an outstanding performance thanks to the growing adoption of Bitcoin as a means of payment.

Trading volume of DEXs experienced an approximate 30% increase in the first quarter of 2023 after two quarters of decline. Also, the DEX/CEX ratio has now increased to a level similar to November 2022. It is observed that while the DEX/CEX ratio remains 4% below the January 2022 all-time high, the rising popularity of blockchain tech may propel this indicator to new record levels.

The Trend That Is Layer 2

Layer 2 blockchains are estimated to gain more traction among crypto users in 2023, with the initial attention being drawn towards Optimism, which offered a substantial airdrop to the wider crypto crowd. Following that, Arbitrum gained recognition for its incentivizing activity called the Arbitrum Odyssey. The launch time of these Layer 2 blockchains was impeccable as it came at a time the users benefitted from the features they offered – all the benefits of Ethereum but with faster transaction times, lower costs, and higher capacity.

At the start of this year, the Layer 2 landscape shifted once again, thanks to the airdrop from Arbitrum. Soon after the ARB airdrop, zkSync announced the launch of the first zkEVM mainnet, called zkSync Era, which generated a lot of interest and drove transaction numbers to new heights. After which, Polygon launched its highly anticipated zkEVM as a mainnet beta. ConsenSys, a major player in the crypto industry, has recently unveiled its zkEVM public testnet, named Linea. Furthermore, Coinbase has launched its own Layer 2 network, known as Base. Even though we are still in the early stages of Layer 2 tech, there is great potential for the emergence of new and exciting rollups.

Inclination Towards Fundraising

The trend has been gradually reversing for fundraising activities as opposed to the significant drop that it experienced following the FTX collapse. In February 2023, token sale activities saw a significant boost. This positive trend continued into March, with monthly fundraising exceeding that of May. While initial exchange offerings (IEOs) brought the highest returns to token sale participants, initial decentralized offerings (IDOs) were more prevalent. The top 10 projects by current return on investment (ROI) indicate that AI projects performed exceptionally well, with Space ID being one of the best performers on Binance.

Projects on Arbitrum raised the most funds through token sales in Q1 2023, largely due to several successful token sales on Camelot. However, both Binance Chain and Ethereum surpassed Arbitrum in terms of the number of projects that held a public sale during the quarter.

Status of the NFT Market

The NFT market is surely expanding to innovative cases beyond just art and collectibles even though it may not be experiencing explosive growth at the moment. As such, NFTs are distinguishing themselves in their use to represent ownership of physical assets such as real estate or even carbon credits. Additionally, NFTs can be used to create unique experiences and unlock access to exclusive content or events. Hence, the potential for this technology to disrupt various industries and create new opportunities is still very much alive.