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Bitget Wallet Set to Advance Web3 with BWB Token Launch
Cryptopolitan (RSS)

In a significant move poised to reshape the Web3 landscape, Bitget Wallet, a leading non-custodial wallet service, has announced its plans to launch a native cryptocurrency token, BWB. 

The development marks a pivotal moment for the platform, which currently serves over 12 million users worldwide, as it aims to solidify its position in the competitive crypto space.

BWB Token: A new era for Bitget Wallet

Bitget Wallet’s announcement of the BWB token launch was made through an engaging video, sparking considerable excitement among its user base. The platform, according to a post by Wu Blockchain on X (formerly Twitter), intends to leverage BWB in strategic “vampire attacks” against mainstream Web3 wallets like MetaMask. The aggressive strategy highlights Bitget Wallet’s ambition to become a dominant force in the cryptocurrency market.

The launch of BWB, expected to occur within the month, promises to introduc...

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White House proposes crypto regulations to boost federal revenue
Cryptopolitan (RSS)

U.S. President Joe Biden’s latest budget proposal, unveiled on Monday, introduced a series of measures targeting the cryptocurrency sector that the administration suggests could generate substantial revenue for the government. 

Central to the proposal are plans to apply wash sale rules to digital assets, impose an excise tax on crypto mining, and enforce stricter reporting requirements for financial institutions and digital asset brokers.

The proposal aims to extend existing financial regulations to the digital asset space, including foreign crypto account reporting and incorporating cryptocurrencies into mark-to-market rules. These measures are expected to generate nearly $10 billion in 2025 and exceed $42 billion over the next decade in tax revenues.

Tax reforms and revenue projections

Specifically, the budget suggests that including digital asset transactions under wash sale rules could raise ov...

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Unibot Core Team Embarks on a New Chapter in Solana Deployment
Cryptopolitan (RSS)

In a pivotal move that underscores its commitment to integrity and user trust, the Unibot Core Team has announced a strategic shift in its approach to deploying Unibot on the Solana blockchain. The decision, driven by a series of operational and ethical considerations, marks a significant departure from the team’s previous collaboration with an external group responsible for Unibot’s Solana operations. 

The core team’s resolve to realign its operations with its foundational values of transparency, security, and honesty heralds a new era for Unibot and its dedicated community.

Realigning with foundational values

The Unibot Core Team’s decision to sever ties with the external Solana deployment team is not one taken lightly. It stems from a profound commitment to uphold the project’s core values, which serve as the bedrock of its relationship with the community. The request for the external group to chan...

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Trump’s Support Ignites Bitcoin Rally: Will $73K Be the Next Milestone?
Cryptopolitan (RSS)

Bitcoin (BTC) surged toward the $73,000 mark, setting a new all-time high as bullish momentum continued to grip the market. 

The cryptocurrency’s ascent was fueled by a combination of factors, including endorsements from influential figures like former United States President Donald Trump and increasing institutional demand.

Trump’s support bolsters confidence

Former President Donald Trump’s subtle support for Bitcoin and cryptocurrencies during a CNBC interview provided a boost to market sentiment. While Trump himself denied owning Bitcoin, he expressed openness to allowing U.S. citizens to conduct transactions with the cryptocurrency, referring to it as “an additional form of currency.” 

His remarks added to the growing acceptance...

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Polygon Price Prediction 2024-2033: Is MATIC Going Past $10 Soon?
Cryptopolitan (RSS)

Polygon Price Prediction 2024-2033

— Polygon Price Prediction 2024 – up to $1.8

— Polygon Price Prediction 2027 – up to $4.27

— Polygon Price Prediction 2030 – up to $12.35

— Polygon Price Prediction 2033 – up to $35.66

How much is MATIC worth?

Today, the price of Polygon (MATIC) stands at $1.2, experiencing a 24-hour trading volume of $133 million. The cryptocurrency has a market capitalization of $5.8 billion and accounts for 0.41% of the market dominance. Over the past 24 hours, MATIC’s price has decreased by 1.08%. Currently, 8.01 billion MATIC tokens are in circulation, out of a maximum supply of 10 billion.

MATIC price analysis: MATIC price triggers intense buying pressure, holds abov...

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Spot Ethereum ETF’s Future Hangs in Balance as Approval Likelihood Drops
CoinGape (RSS)

Spot Ethereum ETF will have a key judgment in May with the SEC deciding upon the approval. However, with prevailing uncertainty, the market has started lowering the approval chances. Notably, the SEC took over a decade to approve the Bitcoin ETFs.

SEC Silent on Spot Ethereum ETF Applications
The probability that an Ethereum spot ETF will be approved in May has been drastically reduced by Bloomberg ETF expert Eric Balchunas, from 60–70% to 30%. The decline in optimism comes at a time when the market is not very happy with how the SEC has responded to Ethereum ETF applications. The SEC has shown unwanted silence and no engagement with the Ethereum ETF applications, making the market confused about what its decision will be.

Previously, Eleanor Terret, a journalist for Fox Business,...

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LUNC Price: Terra Classic’s Squeeze Teases 2024’s Biggest Move, Time To DCA?
CoinGape (RSS)

Terra Classic sits between two conflicting yet equally strong factions — the bulls south of the demand area around $0.0001847 and the bears north of the supply zone approximately at $0.000201. Up a mere 0.7% in the last 24 hours, LUNC price hovers at $0.0001921.

A modest 7% increase in the trading volume, emphasizes growing interest among investors. The token boasts $1.1 billion in market cap, ranking #101 among all cryptocurrencies, CoinMarketCap data shows.

LUNC Price Grinds Closer To A Technical Breakout
After Terra Classic price skyrocketed to $0.0002547 in early March, the trend reversed by 37% to $0.0001518. Although what followed was a dramatic knee-jerk reaction, LUNC did not recover past $0.000225.

Later the price set...

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Ethereum Dencun Upgrade: Here’s Projected Cost on L2s Post-Launch
CoinGape (RSS)

With the highly anticipated Ethereum Dencun upgrade set to launch in 2 days, the cryptocurrency community eagerly awaits the potential changes in gas costs and the overall landscape of Layer 2 (L2) platforms.

Ethereum Dencun Upgrade and Projected Stability Push
In a post on X shared by IntoTheBlock, except for Ethereum, the remaining three L2 are expected to experience a significant decline in gas costs following their Dencun Upgrade launch.

According to the projections, Ethereum’s projected gas cost might remain unchanged at $18.75 after the upgrade, providing stability for users and developers on the Ethereum network. However, the impact on other L2 platforms is expected to be significant, with substantial decreases in projected gas costs observed across the board.

...

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Chainlink Price Forecast: How LINK’s 7% Surge Could Spark $50-Bound Rally
CoinGape (RSS)

Chainlink price forecast: LINK has been on a notable upward trajectory in recent days, showing signs of strong bullish momentum as it crosses the $20 resistance mark. The digital currency has been making headlines, with its price now above this key level, pointing to a positive trend in the market. 

Over the past 24- hours, Chainlink’s value has impressively climbed by more than 7%, reaching $21.18, with expectations of further bullish movements ahead.

Chainlink Price Forecast: Impressive Weekly Surge Amplifies Market Optimism
The trading volume has seen a remarkable increase of 244% over the last day, totaling over $1.43 billion. This spike in trading activity suggests a growing interest from investors in Chainlink. With its market capitalization now exceeding $12.10 billion, Chainlink solidifies its position among the top 20 cryptocurrencies by market value. 

...

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VanEck Temporarily Cuts Bitcoin ETF Fee to Zero After Lagging in Assets
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors.