Binance Subsidiary Awarded Bahrain Payment Service Provider License

On April 18th, as per Cointelegraph, Bitcoin has reached a Realized Cap of $872 billion, attaining a brand-new all-time high. Nevertheless, Glassnode's data indicates that investors' enthusiasm for the present Bitcoin price level is still lacking. Despite the new all-time high in Realized Cap, the monthly growth rate of this metric has plummeted to 0.9%, suggesting that the market is in a "risk-off" sentiment. Realized Cap measures the total value of all Bitcoin calculated based on the price of their last transfer, reflecting the actual capital inflow and can be utilized to observe Bitcoin's economic activity. The decelerating growth implies that although there is still a net inflow of funds, it has significantly diminished, indicating a decrease in the number of new investors or a weakening of the activity of existing holders. In addition, Glassnode's Realized Profit and Loss chart has recently witnessed a substantial 40% decline, indicating a considerable amount of profit-taking or

On April 18th, according to the monitoring of @ai_9684xtpa, the swing trader whale with the address 8Ejzv...irXJv of FARTCOIN dumped tokens worth $1.43 million 2 hours ago. Since March 11th, through two swings, it has accumulated a total profit of $184,000. The FARTCOIN sold this time was purchased 13 days ago at a price of $0.4774 per token, and the average selling price was $0.7697 per token.

April 18: According to official channels, the first season points event of the Backpack Exchange has been ongoing for four weeks. The total spot and contract trading volume amounts to $3.2 billion. The open interest of contracts has hit $131 million, reaching a historical peak, and the number of unique trading users has reached 35,500.

On April 18th, Virtuals officially made an announcement on the X platform about the launch of a new tokenized fundraising mechanism named Genesis. Users are able to accumulate points by means of various channels such as purchasing the token of the Virtuals ecosystem, holding VIRTUAL, staking VADER, etc., and thus gain access to participate in the launches of new projects.

On April 18th, based on the monitoring of @ai_9684xtpa, in the past 7 hours, two addresses belonging to the same whale/institution have made on-chain purchases of 7448.8 ETH. The average price at which these purchases were made was $1604, with a total value of $11.95 million. Before this, neither of these addresses had interacted for 3 years. Additionally, address 0x790...9729B also transferred 1000 ETH to TornadoCash.

On April 18th, the ECB carried out the scheduled 25-basis-point interest rate cut, marking the seventh rate cut in the past year, and the decision was passed unanimously. Meanwhile, Trump urged the Fed to lower interest rates just like the ECB did. The latest CME "FedWatch" data indicates that there is an 86.3% chance of maintaining interest rates in May, a 13.7% chance of a 25-basis-point rate cut; there is a 38.2% chance of maintaining interest rates in June, a 54.1% cumulative probability of a 25-basis-point rate cut, and a 7.6% cumulative probability of a 50-basis-point rate cut. Overall, loose monetary policy and the grim global trade situation have become the two main factors that have supported the recent increase in gold prices. (FXStreet)