
April 18th, 2025
ADA now bagged the fourth spot once again this time, blowing past Binance Coin (BNB) which has endured a horrid week, after losing 47.7% of its value.
Vitalik Buterin proposed sharding as a major solution to bypass the current scalability challenges.
Catherine Wood, CEO of Ark Management, predicts that “Elon will come back and be part of [the Bitcoin] ecosystem”.
Hoskinson suggested that, for being ASIC-resistant, Dogecoin should adopt the HashCore algorithm that seeks to make the mining market efficient, more accessible, and competitive by relying on computational resources.
The unrelenting stance of Elon to showcase Bitcoin’s energy inefficiency and the resultant impact on the global crypto industry is why a number of tokens showing the protest were launched.
In response to the energy use claims by Elon Musk, crypto investor and advocate Peter McCormack shared a Twitter thread explaininyg wh he considers that Elon Musk is uninformed in many Bitcoin-related aspects.
Vitalik Buterin has liquidated over 90% of SHIB tokens in his wallet and said that the remaining 10% shall go to crypto relief charities in the future.
As for the exact market capitalization, Bitcoin has tanked from over $1 trillion a few weeks ago to around $840 billion.
The recent Bitcoin losses began after Elon Musk shows concern about the coin’s environmental impact.
Elon Musk’s tweets send ripple across the crypto market, with the overall crypto market cap taking a dip under $2 trillion before recovering once again.
There is also a speculation that Elon Musk has been involved in the classic pump and dump scheme of Bitcoin.
The Proof-of-Stake Cardano surged 18% today smashing past $2 for the first time and hitting its new all-time high. Cardano co-founder Charles Hoskinson said it is 1.6 million times more energy-efficient than Bitcoin.
A major setback for the Dogecoin network is the fact that it cannot support Dapps, which have significantly fueled the DeFi bull run.
Dogecoin’s price is up 25% in the last 24 hours after the news on its anticipated Coinbase listing.
Notably, during the first quarter, Coinbase recorded a net profit of over $771 million, more than fourfold of what the company reported during the fourth quarter.