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Sales of non-fungible tokens (NFTs) have declined by 5.76% over the past 30 days, according to the latest NFT sales statistics. The data reveals that the sales figure stood at $732.13 million in April, which is $44.75 million lower than the $776.88 million recorded in March. NFT Sales Decline by 5.76% in April, Ethereum Dominates, Bored Ape Yacht Club Leads in Collections NFT sales surpassed $1 billion in both January and February 2023; however, sales figures declined in March and April. According to cryptoslam.io’s latest NFT sales data for April, the sales stood at $732.13 million, which is 5.76% lower than the previous month. Out of this amount, Ethereum-based NFT sales dominated the market, accounting for $485 million in trades. However, Ethereum NFT sales declined by 19% in April compared to March figures. Meanwhile, Solana-based NFT sales recorded $88.16 million, down 6.78% from last month. The top five blockchains with the most NFT sales in April, following Ethereum an...

Bitcoin price is trending sideways after failing to overcome the $30,000 psychological level during a recent rebound. The BTC/USD chart has developed into a symmetric flag in the one-hour timeframe after experiencing some volatility in the past 24 hours. BTCUSD 1H Chart on TradingView It was an eventful week for Bitcoin, as the flagship cryptocurrency experienced one of its most volatile moments since the year began. Rumors of the U.S. government selling off confiscated Mt.Gox Bitcoins sent the market into panic mode, and Bitcoin shed more than 8% of its value in less than two hours. The price rebounded after the rumor was debunked, and almost all the losses recovered within 24 hours. Despite an impressive rebound, the $30,000 price level is again proving difficult for Bitcoin to overcome. The pioneer cryptocurrency experienced another selloff, this time to a smaller magnitude in the past 24 hours. After reaching a local high of $29,887, the bears overpowered the bul...

Genesis & Creditors Enter Crucial Mediation On Friday, an attorney representing Genesis, Sean O’Neal, announced that the cryptocurrency lender has consented to a 30-day mediation procedure that will include its committee of unsecured creditors. This committee has been against the planned restructuring deal an according to O’Neal, Genesis is working towards holding two “substantive” mediation sessions before May 8th. He stated that after the mediation process is over, the final terms of the agreement would also be made public. advertisement Read More: Can Terra’s New USTC Repeg Proposal Bring LUNC Price Back To $1? According to a report by Bloomberg, the creditor’s committee at Genesis is opposed to the company’s present proposal to restructure, and it is looking for improved terms. Philip Abelson, a lawyer who represents the creditors’ committee, stated that his client’s position has not ch...

A community member identified a wallet address that allegedly launched several memecoin rug pulls daily for almost two years. Crypto exchange KuCoin confirmed that the address allegedly responsible for launching thousands of memecoin scams belongs to one of its users. However, the exchange will not freeze the user’s assets without any official notice from law enforcement.  On April 26, a Twitter user identified a wallet address that launched two to five memecoins daily for two years. Another community member pointed out that the wallet addresses were “owned and controlled” by KuCoin. At the moment, Blockchain explorer Etherscan has already marked the said address as a fake phishing wallet. .@CoinGurruu the wallet that you claim has launched 2-5 memecoin scams per day for the past two years is owned and controlled by @kucoincom. @etherscan has already marked this address as "Fake_Phishing179336". Comments @lyu_johnny? https://t.co/8sy07KujUa pic.twitter.com/gziza5mVNW —...

BTC price fell 10% last week after surpassing the $30,000 psychological level, which signals the start of the “ overheated bull phase ” as bulls takeover bears. The recent BTC price rally from $20,000 was actually supported by Bitcoin entering the Bull Market cycle in January and crossing the key 200-weekly moving average (WMA) in March. advertisement Bitcoin Price in Weekly Timeframe. Source: TradingView The recent declines in the Bitcoin price are due to profit-taking by traders in the perpetual futures markets, with open interest falling. The “long squeeze” caused massive liquidations, giving investors an opportunity to “ buy the dip .” Traders also took profits as the ETH price jumped over $2,000 after the Shanghai upgrade on April 12 and Binance opened Ethereum withdrawals on April 19. Traders have again started opening long positions and spending activity of whales remains higher. Typically, price rallies occur d...

In an event on Thursday, the Hong Kong Securities and Futures Commission (SFC)’s CEO, Julia Leung, said the regulator is set to release guidelines on the licensing regime for virtual asset exchanges next month. This update was captured in a Bloomberg report where Leung said the move follows a consultation process by the SFC that garnered over 150 responses from the public regarding the regulatory framework that will apply to crypto exchanges. The new licensing regime for crypto platforms, which is set to be implemented by June 1, will allow retail investors to trade prominent tokens such as Bitcoin (BTC) and Ethereum (ETH). According to the SFC CEO, the regulator aims to develop a fair and effective regulatory framework that will protect investors and promote the development of the crypto industry in Hong Kong. Additionally, the guidelines are expected to bring more clarity to the crypto industry in Hong Kong and pave the way for more businesses to enter the market whil...

Ethereum core developer Tim Beiko in a tweet on March 16 revealed that Shapella (Shanghai and Capella) upgrade on the mainnet is scheduled for happen at epoch 6209536 on April 12 at 10:27:35 PM UTC. Other developers also shared the news as staked Ethereum withdrawals are coming as the date was slightly delayed from the initial target of March. advertisement The Shanghai upgrade will enable validators to withdraw their Ethereum staked on the Beacon Chain to the execution layer. It will also introduce new functions to both the execution and consensus layers. The Shapella upgrade introduces changes to the execution layer (Shanghai), consensus layer (Capella), and the Engine API. Ethereum clients will announce the software releases for the upgrade soon and would require nodes and validators to focus on updating their client software. Recently, Ethereum core developers also noted that several validators didn’t upgrade with the latest client software releases caus...