SingularityNet, Fetch.AI, and Ocean Protocol Reportedly Discussing Token Merger
SingularityNet, Fetch.ai, and Ocean Protocol, three leading AI protocols, are in talks to combine their tokens into an AltSignals (ASI) token valued at $7.5 billion. While the three platforms will continue to operate as separate entities, the new agreement will foster collaboration under the newly formed Superintelligence Collective, led by SingularityNet founder and CEO Ben Goertzel.
Ondo Finance to Move $95 Million into BlackRock’s Tokenized Fund
Ondo Finance is transferring $95 million in assets to BUIDL, BlackRock’s new tokenized fund. This move aims to enable instant settlement of Ondo’s US Treasury-backed token, OUSG, thereby increasing its usability within the crypto ecosystem. Previously, OUSG was backed by BlackRock’s iShares Short-Term Treasury Bond ETF, which traded only during traditional market hours, causing delays in redemptions. Using BlackRock’s BUIDL, Ondo addresses investor concerns about OUSG redemption time by accelerating subscription and redemption times to instant settlement. This collaboration is the first example of a crypto protocol using BlackRock’s tokenized fund, providing a bridge between traditional asset management and crypto markets.
Near Protocol Launches Chain Signatures
The Near Foundation has launched Chain Signatures, a protocol that allows users to sign transactions on third-party blockchains from a single Near account. Chain Signatures is live on Near’s testnet, with mainnet launch expected in early May, according to a Near spokesperson. Chain Signatures is powered by a decentralized multi-party computing (MPC) network and secured by Near network validators.
Praise for Spot Bitcoin ETFs from BlackRock CEO Larry Fink
BlackRock CEO Larry Fink stated that he was pleasantly surprised by the performance of his firm’s spot Bitcoin ETF and reiterated that the ‘bullish’ image continues regarding the long-term persistence of Bitcoin. “IBIT is the fastest growing ETF in ETF history,” Fink said in an interview with Fox Business on March 27. He made statements as follows. According to the latest data, there is a total of $17.1 billion worth of Bitcoin in the IBIT ETF.
Diamond Standard Leverages Oasis Pro and Avalanche to Make Diamonds an Investable Asset Class
Backed by Diamond Standard and Horizon Kinetics, the Diamond Standard Fund is tokenized by Oasis Pro and listed on Oasis Pro Market’s SEC-registered ATS via Avalanche C-Chain. The fund provides investors with access to approximately $1.2 trillion in resources through an asset-backed coin licensed by Diamond Standard Commodities.
Striking Statements from Vitalik Buterin
Ethereum co-founder Vitalik Buterin stated at the BUIDL Asia conference in Seoul, South Korea that account abstraction is a way to provide security and ease of use for blockchain developers and users. According to Buterin, modern account abstraction has other capabilities that Ethereum does not currently support but improves ease of use and security. Ease-of-use goals include enabling users to pay gas fees with ERC-20 tokens and automating payments, while security goals include giving users the ability to change and revoke their private keys and improving account recovery methods.
Spot Bitcoin ETFs Begin to Recover
Yesterday, there was a significant inflow of capital into US spot Bitcoin ETFs, with new inflows totaling a net inflow of $418 million. This net inflow follows yesterday’s net inflow of $15.7 million and represents the largest two-week increase, ending five days of net outflows. According to SoSo Value data, a total net inflow of $11.7 billion has been observed to date. The biggest gainer of the day was Fidelity’s spot bitcoin ETF (FBTC), recording net inflows of nearly $280 million.
SEC Confronts Prometheum’s ETH Custody Plans
Members of the U.S. House Agriculture and Financial Services Committees have expressed serious concerns about the Securities and Exchange Commission’s approach to Ethereum. Their concerns center around the intentions of Prometheum, a crypto company, to offer institutional custody services for Ethereum. These plans have led to demands for clarity and action from regulators. In a March 26 letter to SEC Chairman Gary Gensler, members of the U.S. House of Representatives questioned Prometheum’s intentions to provide custody services for ETH, stating that this could lead to serious and irreversible consequences for digital asset markets. The letter highlights the lack of clarity in the SEC’s rules regarding SPBDs custody of non-securitized digital assets and the lack of a clear regulatory framework for digital asset safeties. Legislators warn that the SEC’s refrain from definitively classifying Ethereum could increase uncertainty in the market and negatively impact the digital asset market.
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BITCOIN(BTC)
As of the morning hours, BTC is priced at $68,827 with a 0.49% gain in value. Technical indicators suggest an uptrend in the short term. The $69,500 and $67,750 levels stand out as strong support levels. A fall in price below these levels could indicate a short-term correction. On the other hand, the $72,000 level appears as a strong resistance level. A breakout above this level could help the price reach the $74,000 target. Yesterday, there was a rapid rise to the $ 72,000 level, but it could not be sustained.
ETHEREUM(ETH)
ETH is priced at $3536 with a 1.03% gain in value as of the morning hours. Technical indicators suggest a short-term bullish trend in Ethereum as well. The 3490 and 3410 levels stand out as strong support levels for Ethereum. A fall in price below these levels could indicate a short-term correction. On the other hand, 3625 and 3680 levels appear as important resistance points. If the price breaks these resistance levels, it may enable it to reach the 4000 target.
RIPPLE(XRP)
As of the morning hours, XRP is priced at $0.6138 with a 0.30% gain in value. XRP is following a horizontal course at 0.61 after its stagnant course in the last 24 hours. Technical indicators show an upward trend in the short term. XRP has solid support levels at 0.6143 and 0.5830. A fall in price below these levels raises the possibility of a short-term correction. On the other hand, if the 0.6530 and 0.6720 resistance levels are exceeded, XRP can be expected to push the 0.80 target. Breaking these resistance levels may pave the way for the upward trend to gain momentum.
AVALANCHE(AVAX)
AVAX is priced at $54.32 with a 0.37% gain in value as of the morning hours. The 54.00 and 53.00 levels appear as solid support levels for AVAX. A fall in price below these levels raises the possibility of a short-term correction. We see that the upward trend has broken down. On the other hand, if the 58.65 and 60.50 resistance levels are exceeded, AVAX can be expected to push the 70 target. Breaking these resistance levels may pave the way for the upward trend to gain momentum.
SOLANA(SOL)
SOL is priced at $184.26 with a 1.12% depreciation as of morning hours. When we examine the hourly chart, we see that there is a slight decline with an image similar to the head-and-shoulders (OBO) formation and a reaction is received from the support zone of 180 – 181 dollars. If this movement continues, the $187 region appears as resistance. If the resistance zone is exceeded, there may be a movement towards the $192 region. In case of withdrawals, the $180 region can be followed as an important support zone.
CHAINLINK(LINK)
As of the morning hours, LINK is priced at $ 19,327 with a 0.19% gain in value. When we examine the hourly chart, we see that the downward movement continues. The $19,400 region appears as resistance for this movement to break upward. If this level is exceeded, a movement towards the 20 dollar region may be possible again. In case of a withdrawal, the $19 level can be followed as support.
MKR
MKR is priced at $3370 with a 2.25% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is a cup handle formation. The resistance zone of this formation appears to be $ 3400. In case of an upward break of the resistance area, the $ 3450 area can be targeted first and then the $ 3500 area. In case of withdrawals, the $ 3300 region can be followed as support.
LTC
LTC is priced at $95.80 with a 2.46% gain in value as of the morning hours. When we examine the four-hour chart, we see that there was a strong movement with an upward break of the $90 level, which is the resistance zone, and then a slight retreat. LTC, which has started to rise again, may move towards the $ 100 region if it continues this movement, and this region can be followed as a resistance zone. In case of a withdrawal, the $92 and $90 areas can be followed as support.
