Early Wednesday morning trading in Asia saw gains for both Bitcoin and Ether, with Litecoin posting the largest gain and BNB posting the largest loss. The next halving of Litecoin will take place in 92 days, and it could rise to 10% of the price of Bitcoin. In the 24 hours leading up to 8:00 a.m. in Hong Kong, the Forkast 500 NFT index fell 2.1%. As investors wait for the Federal Reserve to make its next interest rate decision, U.S. stock futures were mixed. News Sorce

With assets worth more than $572 million at the time of writing, Solana’s trading volume has returned to pre-FTX levels in the last four months. The volume of the decentralised exchange (DEX) has also increased; since the start of 2023, trades worth $5.57 billion have been settled, compared to $5.54 billion in the four months just before the collapse. According to data from DeFiLlama, trading volume over the past four months has been comparable to pre-FTX levels. With assets worth $572 million as of the time of writing, Helium’s move to the Solana chain has boosted liquidity. The weekly average of daily active users is still around 100k, but weekly transaction fees have crept up to pre-FTX levels. Over the past week, SOL’s market cap in BTC has decreased by 41%. News Sorce

Due to the exchange’s ongoing legal battle with US regulators, Citi has downgraded Coinbase stock to “neutral.” The stock will remain under pressure until regulators establish the legal “rules of the road” in the US, according to Citi analyst Peter Christiansen. On YouTube, the chief executive officer of Coinbase, Brian Armstrong, and the chief legal officer, Paul Grewal, responded to the March Wells notice. The latest SEC developments, according to the analyst, don’t indicate that the parties are close to reaching a settlement. News Sorce

Today, May 2, the price of Bitcoin fell below the $28,000 mark, causing it to lose value. This decline raises concerns about the sustainability of the market’s recent climb, leaving investors wondering whether this is a temporary blip or the beginning of a more severe market correction. Bitcoin’s recent 73% rebound from the 2020 crypto market crisis has stalled near $30,000, leaving traders eagerly awaiting new triggers to enhance the cryptocurrency’s value. The failures of Silicon Valley Bank (SVB) and Signature Bank have alarmed investors and depositors, who are concerned that First Republic Bank will be the next to go. The bank’s large proportion of uninsured deposits exceeds the FDIC’s $250,000 limit, putting a considerable percentage of its funds at risk. Four-month winning streaks in Bitcoin have historically been correlated with an average gain of 260% the following year, providing a ray of optimism for investors. News Sorce

Since the Shapella upgrade on April 12, the Ethereum network has seen a significant increase in transaction fees. Onchain costs have increased by more than 153%, from $4.65 to an average of $11.80 per transaction. Arbitrum’s daily transactions have likewise surpassed ETH following the Shapella Upgrade. This demonstrates an increase in onchain activity. Ethereum’s transaction volumes have remained below one million, hovering between 800,000 and 900,000 per day. Arbitrum has been outperforming the network’s transactions on a daily basis since the Shapella hard fork, with an average transaction fee of $0.368 per transfer. The market value of ETH has dropped 12.7% versus the US dollar, although it is still 1.4% greater than it was in the previous 30-day period.ETH’s market value is currently $222.7 billion, accounting for 18.097% of the total value of the cryptocurrency industry. News Sorce

Since the Shapella upgrade on April 12, the Ethereum network has seen a significant increase in transaction fees. Onchain costs have increased by more than 153%, from $4.65 to an average of $11.80 per transaction. Arbitrum’s daily transactions have likewise surpassed ETH following the Shapella Upgrade. This demonstrates an increase in onchain activity. Ethereum’s transaction volumes have remained below one million, hovering between 800,000 and 900,000 per day.ETH’s market value is currently $222.7 billion, accounting for 18.097% of the total value of the cryptocurrency industry. News Sorce

Ripple Labs’ legal battle with the US Securities and Exchange Commission (SEC) is still ongoing. According to Twitter, Ripple and the SEC will hold an unreported meeting on May 8. XRP community attorney John E. Deaton, on the other hand, would “bet” that the rumour is incorrect and that lawyers from the SEC and Ripple can meet whenever they want. According to John Deaton, a settlement between Ripple and the SEC would be reached only after a judgement by Judge Torres and only if Ripple wins a significant victory. He believes the SEC would not arrange a meeting owing to the allegation of market manipulation and the potential of a leak. Ripple may be concerned about the regulatory safety of its partners, and Ripple CEO Brad Garlinghouse is willing to sign a settlement cheque if the SEC classifies all future XRP sales as non-securities and does not appeal. At the time of publication, the XRP price has not yet reacted to the rumor. News Sorce

Bitcoin’s drop below $30,000, followed by a retest of resistance above $29,000, highlights the top coin’s prognosis. Shiba Inu (SHIB) is trading below its 50 and 200-day moving averages, but analysts are bullish on the stock due to positive sentiment and network growth. Aptos (APT) has developed a gigantic bull flag pattern, which might propel APT to new highs in 2023. Shiba Inu (SHIB) is a top memecoin with a $6.1 billion market cap. Aptos (APT) is a new layer 1 blockchain network that has received significant funding from venture capitalists. If a breakout occurs, a short-term advance to $20 could be one of the key goals, with a potential burst to a new all-time high. News Sorce

On April 12, 2023, Ethereum’s Shapella upgrade allowed stakeholders to withdraw for the first time. Over 400,000 ether, worth $763 million, has been added to 17 liquid staking protocols since then. The top 10 protocols are Lido Finance, Coinbase’s Wrapped Staked Ether, Rocket Pool, Frax, Stakewise, Stakehound, Ankr, Ether.fi, and Bitfrost, with Lido leading the market. Liquid staking methods have grown in popularity in recent months, with 400,000 Ether added to the liquid staking TVL within two weeks of the Shapella upgrade. Coinbase’s liquid staking platform lost money, while Rocket Pool increased its total value locked (TVL) by 29.24%. Binance, the tenth largest platform under Bitfrost, has released a new liquid staking product. News Sorce