Hakan Ateşler 
Bitcoin, which fell below $62,000 in the morning hours yesterday but then recovered, fell back to this region at noon today. With less than 48 hours to go before April’s close, the largest cryptocurrency is about to see its 30 days with the most monthly losses since the harsh bear season in 2022…
After Bitcoin spot ETFs in the US, funds in Hong Kong were disappointing. Crypto ETFs generated a total volume of $11 million, of which $8.5 million belonged to Bitcoin and the remaining $2.5 million to Ether ETFs.
While cryptocurrency markets await Wednesday’s Fed meeting and the statements of the institution’s chairman Jerome Powell, renowned analyst Peter Brandt set a target for Bitcoin between $160,000 and $200,000 and gave a deadline for this level.
Alliance Resource Partners, a mining company that mines millions of tons of coal a year, stated that it continues to mine Bitcoin and holds 425 BTC on its balance sheet.
Keonne Rodriguez, one of the founders of Samurai Wallet, who was arrested last week on money laundering allegations by the US Department of Justice, was released pending trial in exchange for a $1 million bond. It was stated that Rodriguez did not accept the allegations.
In some documents that were released yesterday in the case between the SEC and Consensys, it was seen that the regulator has been considering Ether as a security for at least 1 year, while Patrick McHenry, chairman of the Financial Services Committee, reacted harshly to this situation. The Republican Congressman stated that Gensler misled both the courts and them and that they saw from the court documents that he did it on purpose.
Cryptocurrency investment products closed last week with losses. While funds saw a net outflow of $435 million, altcoin inflows also attracted attention. Solana, Chainlink, Filecoin and Litecoin inflows increased as in previous weeks.
Ten days after the halving, an individual miner found the block on his own and was able to earn the full reward and transaction fees. The miner earned close to $220,000.
Changpeng Zhao, who was sued for failing to adequately comply with anti-money laundering rules and was ordered to quit as Binance CEO, will be sentenced tomorrow. Last week, prosecutors argued that a 36-month prison sentence would be more appropriate for CZ instead of 18 months and made a request to the court.
It was revealed that GPUs were used in the DePin project io.net, in which the giant investment companies of the cryptocurrency industry also invested. “Like many startups we move fast, and sometimes we break things,,” the company CEO said in a statement.