South Korean exchange Upbit has announced that it will suspend deposits for SNX, following a recent trade warning from the Digital Asset Exchange Alliance. According to a recent notice from the crypto exchange, the Synthetix (SNX) token has been labeled…

Upbit suspends deposit on SNX after DAXA issues warning on April 24

Pepe price has jumped to a crucial resistance level this week as the crypto 
market recovers. On-chain data, smart money flows, and technical signals point 
to a potential surge toward $0.0000172. Pepe Coin (PEPE) jumped to a high of 
$0.000009178…

Pepe price set to double as smart money flows surges

Eugene William Austin Jr., also known as “Hugh Austin,” was sentenced to 18 
years in prison for leading a multi-year scheme that defrauded more than two 
dozen victims out of $12 million. His son, Brandon Austin, was previously 
sentenced to…

Crypto fraudster Hugh Austin sentenced to 18 Years for $12m scam

Bitcoin has spent the majority of the past 24 hours on a notable rally that 
saw it price peak at an intraday high of $94,320. This rally marks an 
interesting change from the tight consolidation range between $80,000 and 
$85,000 that had defined Bitcoin’s trajectory through much of April. Behind 
this breakout lies a significant uptick in institutional activity through Spot 
Bitcoin ETFs, which recorded their highest daily inflows since January. 
Interestingly, this inflow surge has helped push Bitcoin into the top five 
largest assets globally, surpassing Alphabet, Silver, and Amazon in market 
capitalization. Spot Bitcoin ETFs Sees Largest Inflows Since January According 
to data from SoSoValue, US-based Spot Bitcoin ETFs raked in $936.43 million in 
net inflows on Tuesday, April 22 alone, marking their best single-day 
performance since January 17 when it registered $1.08 billion. Wednesday, 
April 23 also witnessed similar performance, registering inflows of $916.91 
million. Related Reading: Bitcoin Price Crash: Crypto Analyst Reveals What 
Would Reject Current Bearish Hypothesis BlackRock’s iShares Bitcoin Trust 
(IBIT) led the way with a staggering $643.16 million in inflows, followed 
closely by Ark &amp; 21 Shares&#8217; ARKB with $129.5 million. Furthermore, Spot 
Bitcoin ETFs are now on four days of consecutive inflows of $100 million or 
more. The last time such happened was in the last week of January. These 
inflows into Spot Bitcoin ETFs follow a weeks-long dry spell in ETF activity, 
which saw many traders question the sustainability of institutional interest. 
Nonetheless, the timing of these inflows couldn’t be more impactful. Bitcoin’s 
price surged in tandem with recent ETF activity, showing the the strong effect 
these ETFs have come to have on the spot price of Bitcoin. BTC Surpasses 
Amazon And Google To Become Fifth Largest Asset Worldwide The ETF inflows lit 
the spark and the resulting market reaction pushed Bitcoin’s rise up the 
global rankings. According to data from CompaniesMarketCap, Bitcoin’s total 
market value climbed to over $1.87 trillion as it crossed over $94,000 for the 
first time in eight weeks. Related Reading: Crypto Analyst Warns Of Volume 
Drop That Could Trigger 60% Bitcoin Price Crash To $49,000 This interesting 
move allowed it to overtake both Google (Alphabet) and Amazon in market cap 
rankings, especially considering these stock prices have been on a notable 
decline in a 30-day timeframe. This development positions BTC not only as a 
leading cryptocurrency but also as a top-tier macroeconomic asset, competing 
on the global stage with traditional tech and commodity giants. As it stands, 
Bitcoin is now outperforming the NASDAQ 100, and analysts are pointing to 
signs of decoupling from traditional indices. Now that Bitcoin is trading 
above $90,000 again, the next focus is on where it goes from here. The bullish 
trajectory would be on the $100,000 price level, and whether BTC can break 
above this level before the end of April. That said, the $94,000 region is now 
shaping up to act as an early resistance band, and short-term profit-taking 
could cause pullbacks that might liquidate buy orders. Featured image from 
Pixabay, chart from Tradingview.com

Bitcoin Sees Largest ETF Inflows Since January, Becomes 5th Largest Asset In The World

Bitcoin reserves on cryptocurrency exchanges have dropped to their lowest 
level in more than six years, as publicly traded companies ramp up their 
accumulation of the digital asset following the US presidential election, 
according to Fidelity Digital Assets.
&#8220;We have seen Bitcoin supply on exchanges dropping due to public company 
purchases &#8212; something we anticipate accelerating in the near future,&#8221; 
Fidelity reported on the X social media platform.
_Source:__Fidelity Digital Assets_
Fidelity said the supply of Bitcoin (BTC) on exchanges had fallen to roughly 
2.6 million BTC, the lowest since November 2018. More than 425,000 BTC have 
moved off exchanges since November, a trend often viewed as a signal of long- 
term investment rather than short-term trading.
Over the same period, publicly-traded companies acquired nearly 350,000 BTC, 
Fidelity said.
Fidelity Digital Assets is a subsidiary of Fidelity Investments, the $5.8 
trillion asset manager headquartered in Boston, Massachusetts. The Fidelity 
Digital subsidiary was established in 2018, long before cryptocurrency was 
considered an institutional asset class.
Fidelity is the issuer of the Fidelity Wise Origin Bitcoin Fund, one of the 
first 11 spot Bitcoin exchange-traded funds approved in the United States.
_**Related:**__**Bitcoin exchange buying is back as &#8216;Spoofy the Whale&#8217; lifts 
$90K asks**_
## Strategy dominates public company purchases
While Fidelity noted significant corporate Bitcoin purchases, most of the 
accumulation has been driven by Strategy, the business intelligence firm- 
turned-Bitcoin bank co-founded by Michael Saylor.
Since November, Strategy has acquired 285,980 BTC, accounting for 81% of the 
approximately 350,000 BTC purchased by publicly traded companies.
_A snapshot of some of Strategy &#8216;s Bitcoin purchases over the past six months. 
Source: __Strategy_
Strategy&#8217;s latest purchase of 6,556 BTC was disclosed on April 21.
Outside the United States, publicly traded companies in Asia have adopted a 
similar Bitcoin treasury strategy, with Japan&#8217;s Metaplanet and Hong Kong&#8217;s HK 
Asia Holdings increasing their Bitcoin allocations.
Metaplanet currently holds 5,000 BTC, with CEO Simon Gerovich saying his goal 
is to double that amount this year.
Meanwhile, HK Asia Holdings announced plans to raise roughly $8.35 million to 
potentially increase its Bitcoin reserves.
_**Magazine:**__**Altcoin season to hit in Q2? Mantra &#8216;s plan to win trust: 
Hodler&#8217;s Digest, April 13 &#8211; 19**_

Bitcoin supply on exchanges is falling ‘due to public company purchases’ — Fidelity

According to onchain records from Arkham Intelligence, an entity known as 
“SUN” appears to have linked an HTX cold wallet to the forthcoming Donald 
Trump dinner. Arkham Reports Whale Wallet ‘SUN’ Cracks Top Tier for Trump’s 
Meme Coin Gala On Wednesday, Bitcoin.com News revealed that the leading 220 
holders of the TRUMP meme coin will […]