Top Crypto News of the Day: Bitcoin Mining Difficulty Hits All-Time High, Grayscale Bitcoin Trust Withdrawals Drop, Ark Invest Bullish on Bitcoin, Hong Kong to Approve Bitcoin ETFs, JP Morgan’s Ethereum ETF Approval Prediction, Notcoin Token Launch Plans, Marginfi Withdrawals After CEO Resigns
The world of cryptocurrency is buzzing with activity as Bitcoin mining difficulty hits an all-time high just before the halving event. The increase in difficulty indicates a more secure network and suggests that only the most efficient mining operations will survive post-halving.
In other news, Grayscale Bitcoin Trust withdrawals have hit a record low, leading to positive net inflows in the Bitcoin ETF segment. Ark Invest believes that the current Bitcoin rally is in the early to mid stages of a bull market, citing various metrics to support their claim.
Hong Kong is set to approve Bitcoin ETFs, potentially attracting Chinese investors to the market. Meanwhile, JP Morgan believes there is less than a 50% chance of an Ethereum ETF approval in May due to SEC investigations and other factors.
Notcoin, a Telegram-based game, has revealed its token launch plans on The Open Network, while Marginfi, a decentralized lending protocol on Solana, has seen a significant withdrawal of funds following the resignation of its CEO.
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