💰Cash App Users Can Now Invest Their Paychecks Into Bitcoin

Starting today, U.S. customers of Cash App, a mobile payment service run by Block (formerly Square), will be able to automatically invest a portion (or the entirety) of their direct-deposit paychecks into bitcoin. Cash App’s Bitcoin Product Lead Miles Suter made the announcement this morning at the Bitcoin 2022 conference in Miami

https://www.forbes.com/sites/ninabambysheva/2022/04/07/cash-app-users-can-now-invest-their-paychecks-into-bitcoin/?sh=8ad0b8acedc7

💵Near Protocol is set to launch a stablecoin called USN

Near Protocol is bringing out its own stablecoin called USN, The Block has learned, according to two sources familiar with the situation.

According to one source, the stablecoin is on the way but no timeline has been shared internally so far.

Rumors surrounding the stablecoin first surfaced when Zoran Kole, founder of Zorax Capital, claimed in a Substack post that Near Protocol was launching a stablecoin that will offer 20% yield. 

https://www.theblockcrypto.com/post/141274/near-protocol-is-set-to-launch-a-stablecoin-called-usn-source

📊Coinshares (weekly report on financial flows in crypto - week to April 11):

crypto = sharp strong outflow = -$134 million

significant outflows from #BTC #ETH

good influx in #SOL

minor inflows to #LTC #DOT #ADA

🩸BTC and SPX 60m

🧨​​About $421M of Positions Gets Liquidated Due to BTC Drop Below $40,000

Due to the recent Bitcoin drop below $40,000 about $421M in longs and shorts was liquidated from the leading derivatives exchanges:

- $140M on Binance;
- $127M on OKX;
- $62M on FTX;
- $43M on Bybit ;
- $19M on Bitmex.

📈Increase in the number of Cardano wallets = + 1600% from Dec 2020 - up to 3,200,000 wallets now

📈Santiment: There has been a spike in "buy the dip" sentiment in crypto

CZ Tweet💪

📈 NEAR Demonstrates Strongest Performance Among Altcoins, Overtakes Former Yield Leader LUNA Amid Market Correction

🌎Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet.

https://news.bitcoin.com/terras-cross-chain-bridge-now-supports-solana-avalanche-fantom-moonbeam-osmosis/

💰Tether’s USDT Stablecoin Enters Polkadot Ecosystem With Kusama Launch

Kusama becomes the tenth blockchain to support USDT, which already has more than $80 billion in circulation

The addition of USDT is a milestone for Kusama as it will be later for Polkadot, said Peter Mauric, head of public affairs at Polkadot developer Parity Technologies, since accessibility and interoperability is the overarching goal of the two networks – both of which already have parachain-specific stablecoin projects.

https://www.coindesk.com/business/2022/04/13/tethers-usdt-stablecoin-enters-polkadot-ecosystem-with-kusama-launch/

📈The Block: venture investment in crypto

📊Santiment: top 10 fastest growing crypto projects:
#UNI
#sol
#SNT
#DOT
#KSM
#FIL
#ADA
#ETH
#LINK
#MIOTA

🔱1inch network has now expanded to EVM-compatible Layer 1 blockchain protocol, Fantom

As reported earlier, the expansion is aimed at reducing transaction costs and enhancing throughput and withdrawal speeds while simultaneously establishing full compatibility with Ethereum on the Web 3 interface and smart contract levels.

https://cryptopotato.com/dex-aggregator-1inch-expands-to-fantom-network/

Lets pump it 📈😊

📈QryptoQuant notes a sharp withdrawal of BTC from Coinbase (-30,000 BTC in a day). As Santiment notes, usually such abrupt large withdrawals led to a rise / bounce in the price.

Great news for crypto 🔥🚀

🏗Cardano founder intends to create a cross-chain for #BTC #DOGE and #ADA

https://twitter.com/IOHK_Charles/status/1514979417679880199

🧮Glassnode: BTC volatility continues to decline

📈Santiment: crypto buying sentiment surge = 14-month max

🏆🔥Daily created accounts on #Avalanche reached a new ATH with 500.000+ accounts being created.

https://twitter.com/CryptoMichNL/status/1515766330061905924