It has been a busy day in terms of news, so let us catch you up on the latest and greatest.

Today’s Agenda:

• Market Watch
• Highlights of the Day
  • Telegram to Share Ad Revenue in Crypto
  • Binance Forms a Board of Directors to Lead the Exchange
  • $SWORLD: Seedworld Announces Its Rebirth 
• Project of the Day
• Crypto Corner
• Memecoins are Stealing the Spotlight
• Business and Political Insights 

Market Watch

Top Gainers

• Core ($CORE): +35.0%
• Bittensor ($TAO) : +13.5%
• Bitget Token ($BGB): +3.4%

Top Losers

• Conflux ($CFX): -12.8%
• Pyth Network ($PYTH): -11.5%
• dogwifhat ($WIF): -11.1%

Trending Crypto Sectors/Categories

• Cat-Themed Coins
• Solana Meme Coins
• Decentralized Science (DeSci)

Total Crypto Market Cap – 2.739 Trillion

Fear and Greed Index – 79

Top NFT Sale

• Azuki #6525 Sold for 72 ETH 

Highlights of the Day

Telegram to Share Ad Revenue in Crypto

Telegram Messenger has introduced a new initiative where owners of popular public channels can receive half of the advertising income generated within their spaces, marking a significant change in how content creators on the platform can monetize their audiences. This innovative approach, announced on March 31, requires channels to have a minimum of 1,000 subscribers to qualify for the revenue-sharing model.

Toncoin Utility 

This initiative is designed not just to provide financial assistance to channel owners, but also to encourage the use of Toncoin, Telegram’s exclusive cryptocurrency, within the platform’s community. Notably, channel owners who participate will receive their earnings in Toncoin, and they can conveniently withdraw funds without facing any transaction fees.

Binance Forms a Board of Directors to Lead the Exchange

As per the agreement between Binance and US authorities, a seven-member board of directors has been established, comprising both company executives and independent members. This formation marks one of the most notable changes to Binance’s leadership since Teng transitioned from heading regional markets to assuming the CEO role in November 2022.

Binance’s Board of Directors

The company’s board of directors is currently led by Gabriel Abed, who previously served as Barbados’ ambassador to the United Arab Emirates (UAE). Alongside Abed, the board comprises Binance CEO Richard Teng, Binance co-founder Heina Chen, CEO of Bayview Acquisition Corp Xin Wang, managing partner of Gojo & Company Arnaud Ventura, Roger Wang, and Rock He.

$SWORLD: Seedworld Announces Its Rebirth 

Seedworld, the metaverse platform by Seedify, is shaking things up with a “Rebirth” of sorts. The project has just announced the launch of its token – $SWORLD. This token, set to become the backbone of the Seedworld ecosystem, is poised to revolutionize the metaverse platform and enhance user experiences in unprecedented ways. 

Introducing $SWORLD

$SWORLD emerges as the native token of Seedworld, designed to fuel its growth and amplify its utilities. Beyond supporting the platform, $SWORLD will serve as the primary token for Seedify’s NFT Launchpad, expanding its reach and relevance in the broader crypto ecosystem. 

Project of the Day

CORE 

Core ($CORE) is an independent Layer 1 (L1) blockchain that aims to address the trilemma of blockchain technology. The permissionless and open blockchain leverages the innovations of its predecessors, particularly Bitcoin and Ethereum while introducing its unique consensus mechanism, Satoshi Plus, that prioritizes all three elements.

$CORE is designed to support the Core Network. Its supply has a hard cap of 2.1 billion tokens, similar to Bitcoin, and a percentage of all block rewards and transaction fees being burned to reduce inflation and ensure that the token retains its value over time. The exact percentage to be burned is determined by the DAO, and this feature is similar to Ethereum’s ultrasound money model.

At the moment, $CORE commands a market cap surpassing 3.325 billion and hovers around $3.8. Notably, $CORE has exhibited significant potential recently, with its price surging over 7x in the past two weeks. This remarkable increase in $CORE’s value is largely credited to the launch of coreBTC, enabling the seamless bridging of Bitcoin to the Core Network, thus augmenting the DeFi ecosystem with Bitcoin’s security attributes. As the network continues to evolve and with the Bitcoin halving on the horizon, this project remains one to watch closely.

Crazy Day in Crypto

• Bitcoin reaches new highs entering Q2 2024, marking historic weekly, monthly, and quarterly closes just under $70,300 by the end of Q1, with future prices potentially influenced by upcoming economic updates and Federal Reserve statements.
• Bitcoin spearheaded a significant influx of capital into the digital asset market last week, with inflows totaling $865 million, driving a market rebound.
• Polygon CEO Marc Boiron cautioned that L3 networks such as the recently introduced Degen Chain might jeopardize Ethereum’s security by diverting value away from Ethereum onto L2 platforms.
• Pixelmon has recently unveiled a stunningly high-quality anime trailer, captivating fans with its visually stunning graphics and immersive storytelling.

Memecoins are Stealing the Spotlight

• Jordan Castro, co-founder of Doodles, introduced a meme token named POOP on Ethereum’s Base network, distributing a significant portion to Doodles holders through an airdrop.
• Solana DEXs experienced a record-breaking trading volume of over $5.84 billion in March, fueled by the meme coin frenzy, with notable activity seen in popular tokens like $WIF, $BONK, $BOME and $SLERF.
• BitMEX co-founder Arthur Hayes believes that memecoins, often seen as frivolous, could play a significant role in the development of blockchain networks by driving engagement and attracting talent to the crypto space.

Business Talks & Political Insights

• Google settled a lawsuit accusing it of tracking users’ web browsing habits in “Incognito” mode by agreeing to delete billions of data records, update disclosures, and enable users to block third-party cookies during private browsing for five years.
• Merkle Manufactory, the driving force behind the decentralized social network Farcaster, is poised to achieve a valuation of $1 billion, propelled by a recent capital injection led by crypto investment heavyweight Paradigm.
• Coinbase CFO Alesia Haas believes Ethereum (ETH) would not be deemed a security by US regulators, a pivotal classification impacting available crypto products in the country.
• Peter Schiff argues that despite both Bitcoin and gold reaching record peaks, Bitcoin’s failure to achieve a new high when priced in gold suggests it still trails in its aspiration to become the primary store of value.