Global Loss of Confidence in Fiat Boosting Bitcoin Adoption: Michael Saylor

 Bitcoin adoption has picked up the pace recently as investors acquire more of the leading crypto asset.

With several market analysts giving their takes on the key driver behind this renewed surge, MicroStrategy’s former CEO, Michael Saylor, recently expressed his view on the matter.

Inflation and Counterparty Risks Drive Bitcoin Adoption

In a recent CNBC interview, Saylor noted that two dynamics are pushing the broad adoption of Bitcoin. He revealed that the first one is the concern about inflation.

FLOKI Skyrocketed 40% After Listing on Binance.US

The memecoin’s price rose by 40% after Binance.US opened FLOKI/USD and FLOKI/USDT trading pairs.

The price of the popular meme-inspired cryptocurrency – FLOKI – has soared by more than 40% in the past 24 hours.

The surge happened shortly after the American subsidiary of Binance – Binance.US – listed the asset on its platform. 

G Dragon’s new NFT collection sold hours after launch

 G Dragon’s NFT collection

NFT continues to gain applications and adoptions from many significant celebrities. One of the latest is G Dragon, whose NFT collection sold out soon after the sale began. 

The pop artist Kwon Ji-yong (G-Dragon), based in South Korea, recently launched an NFT collection termed PEACEMINUSONE NFT collection Archive 2016. The love affair between G Dragon and NFT was first mentioned early this year. 

Societe Generale’s Crypto Arm Unveils Euro Stablecoin on Ethereum

 SocGen Forge also revealed plans to have the stablecoin listed on digital asset exchanges in the coming months. 

Societe Generale’s crypto arm – SG Forge – has announced the launch of a stablecoin pegged to the euro on Ethereum, dubbed EUR CoinVertible.

The latest offering will be accessible to only those institutional investors qualified on the basis of Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

That’s a First After Shanghai: Ether Staked Volume Exceeds Withdrawals

 The upgrade pushed ETH’s price to the highest level since May 2022.

Ethereum successfully implemented a long-awaited tech upgrade on April 12.

Also known as Shapella – this upgrade enabled withdrawals for the first time from the proof-of-stake blockchain.

A week later, the amount of staked Ether has now exceeded the number of ETH being withdrawn for the very first time.

Ripple lawsuit could send cryptos screaming higher says top analyst

 In a recent tweet, a prominent trader who goes by “Tree of Alpha” indicated that a favorable ruling about the status of XRP in the SEC lawsuit against Ripple would be the most important news for cryptocurrency traders. 

Terraport Finance Exploited for $2M Barely 10 Days After Launch

 The $2 million hack comes 10 days after the launch of Terraport Finance 

Terraport Finance, a decentralized finance (DeFi) platform on the Terra Classic network, has lost over $2 million worth of digital assets through an exploit on its liquidity wallet.

According to an announcement from the project’s official Twitter handle on April 10, the Terraport team is still investigating the hack and trying to secure the protocol.