Newsletter Volume 69

3Verse Global
5 min readApr 12, 2024



Blockchain technology unique to media and entertainment, including security and content delivery, will be proposed and developed by Shiba Inu developers. Established in 1998, CDSA is a global nonprofit organization dedicated to promoting best practices in the delivery and storage of software, entertainment, and IT.

Since releasing the token to the public in February, Ethena Labs, a decentralized platform based on the yield-bearing USDe stablecoin, has divided cryptocurrency traders due to its resemblance to the Terra ecosystem, which collapsed in 2021.

Crypto Miners Make a Strategic Pre-Halving Move, Driving Down Bitcoin Inventory to a 3-Year Low In a rising market, bitcoin miners have been reducing their inventory instead of accumulating like they did before to the previous halving in May 2020.

According to Arthur Hayes, Bitcoin May Collapse During the Reward Halving Period. Around April 20, when the fourth mining-reward halving is implemented on the Bitcoin network, the cryptocurrency market is put to the test by the US tax season.

After a nearly five-year legal struggle over a series of social media posts in which Hodlonaut dubbed Wright a “scammer” and a “fraud” for claiming to be the inventor of Bitcoin, Craig Wright has dropped his appeal against the Norwegian bitcoiner.

Scheduled for release in late 2024 or early 2025, Ethereum’s Pectra update will improve the user experience (UX) of cryptocurrency wallets and include a plethora of new features. The next version of Ethereum will incorporate Ethereum Improvement Proposal (EIP) 3074, enabling standard cryptocurrency wallets to function like


Total Crypto Market Cap : $2.65T

Bitcoin Market Cap : $ 1.32T

Ethereum Market Cap : $ 421.48B

ETH/BTC Ratio : 0.05

Ethereum Gas Price : 25 gwei

DeFi TVL : $180.33b

Fear and Greed Index : 79 (Extreme Greed)

Federal Reserve Balance Sheet : $7.43 T


The top cryptocurrency by market value, Bitcoin (BTC), is expected to see selling pressure in the days running up to and following the ostensibly optimistic mining-reward halving on April 20.

Aptos Drops 16% During the Last Week, Trailing the $300 Million Token Unlocking Event Unlocks are planned releases of cryptos that were previously restricted to stop insiders and early investors from selling huge quantities of tokens.

Bitcoin Drops Below $69K Despite Crypto Bulls Withstanding $175M Liquidations Despite the decline, Bitcoin is shown resilience; nevertheless, one analyst pointed out that it may take some time for the market to recover before growing again. Over the previous day, SOL and DOGE saw losses of 6% to 7%, while Bitcoin and Ether fell by 4%. This past week, the price of the biggest cryptocurrency by market capitalization dropped to roughly $69,000.

The past 30 days have seen a decline in ETH relative to BTC. Over the past 30 days, Ether has lost 13.5% of its value, trailing behind Bitcoin and other leading layer 1 coins. In contrast to other top-cap layer 1 tokens like BNB Chain, the price of Bitcoin has decreased by just 4% over the past 30 days. On March 8, the ETH/BTC ratio started to decrease, and on April 7, it reached its year-to-date low of $0.047.

Following the Bitcoin halving, the price of XRP may increase by 70% relative to BTC. Critical Bitcoin halving fractals and whale accumulation patterns point to a large increase in the price of XRP/BTC in the coming months. The technical patterns of XRP turn positive. Since February, the price of XRP/BTC has been exhibiting a falling wedge pattern, with fluctuations inside the region delineated by two descending and converging trend lines.


Global cryptocurrency prices dropped before US inflation figures. At 4 p.m., the IC15 Index had dropped 2,238 points to 87,404. With the exception of BNB, which was up 0.45%, every coin in the Index was red. In the 4–7% range, Polygon, Polkadot, Cardano, and Dogecoin were the biggest losers.

Furthermore, 1inch, Baanx, and Mastercard’s introduction of a Web3 debit card creates additional opportunities for the uptake of cryptocurrencies. HashKey Group, which serves a wide spectrum of foreign investors, is a serious rival to Coinbase as it enters the Bermuda market.

As it continues to draw investments, BlackRock adds Wall Street heavyweights Goldman Sachs, UBS, Citigroup, and Citadel as authorized participants (APs) for its IBIT spot Bitcoin ETF, increasing the total to nine APs. Group HashKey,

The CEO of Ripple, Brad Garlinghouse, predicts that the combined market value of cryptocurrencies will quadruple to $5 trillion by the end of 2024 due to the introduction of Bitcoin ETFs, the impending halving of Bitcoin, and potential favorable regulatory momentum in the US. In the meantime, Anthony Scaramucci, the founder of SkyBridge, predicts that Bitcoin will reach at least $1,70,000 in the 18 months following the halves cycle.

Weekly Spotlight

Shiba Inu developers are proposing a unique blockchain technology tailored for media and entertainment, emphasizing security and content delivery solutions. Meanwhile, the Content Delivery & Security Association (CDSA), established in 1998, advocates for best practices in software and entertainment delivery. Ethena Labs, which launched its token publicly in February, operates a decentralized platform using the USDe stablecoin. This initiative has divided cryptocurrency traders, drawing comparisons to the Terra ecosystem’s 2021 collapse. In response to an upcoming Bitcoin reward halving, miners are strategically reducing inventory, contrasting with previous accumulation trends.

Arthur Hayes has expressed concerns about Bitcoin’s stability during the impending reward halving around April 20, coinciding with the US tax season. Additionally, a legal dispute between Hodlonaut and Craig Wright over Bitcoin inventor claims has concluded, with Wright dropping his appeal. Ethereum’s Pectra update, due in late 2024 or early 2025, promises enhanced user experience for cryptocurrency wallets and incorporates Ethereum Improvement Proposal (EIP) 3074 to standardize wallet functionality.

Bitcoin (BTC), the leading cryptocurrency, faces anticipated selling pressure surrounding the mining-reward halving on April 20. Aptos dropped 16% due to a $300 million token unlocking event aimed at controlling insider token sales. Despite Bitcoin’s drop below $69K, it showed resilience with analysts suggesting a recovery might take time. Over the past week, SOL and DOGE lost 6–7%, while Bitcoin and Ether fell 4%. Ethereum (ETH) has declined 13.5% against BTC in the last 30 days. Following the Bitcoin halving, XRP’s price relative to BTC may surge by 70%, supported by fractals and whale accumulation trends.