Bitcoin Halving, AI Token Merger Approved, Runes Launch! 🚀🔥

NettyWorth is a social marketplace where you can Chat, Manage and Borrow against your digital assets.

1. Bitcoin Halving to Shake Up Mining Sector, Halve Block Rewards

The upcoming Bitcoin halving, scheduled as part of the Bitcoin protocol, will reduce the block rewards for miners by 50%, from 6.25 BTC to 3.125 BTC per block. This event, occurring approximately every four years, aims to make Bitcoin scarcer and acts as a deflationary measure, reinforcing its value as a store of value. While investors anticipate a price increase after the halving, miners will need to adapt to compete for reduced BTC rewards, potentially leading to significant changes in the mining industry.

2. AI Token Merger Approved: Fetch.AI, SingularityNET, and Ocean Protocol Unite as ASI

The Artificial Superintelligence Alliance (ASI) community has approved a merger of three leading AI-related crypto tokens: Fetch.AI’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN. The new ASI token aims to challenge Big Tech's control over AI and is expected to have a combined total value of $7.5 billion once the merger is completed in May. The projects will remain distinct, with decisions made independently, but disputes will be resolved through voting by token stakers. The merger aims to promote true decentralization of technological development and deployment in AI.

3. Bitcoin Runes Set to Launch Amidst Hype, Real Opportunity Post-Hype, Says Researcher

Bitcoin Runes, a protocol for issuing fungible tokens on the Bitcoin network, is set to launch alongside the Bitcoin halving. However, the real market opportunity for Runes may come after the initial hype subsides, according to DeFi researcher Ignas. Runes could initially trade like volatile memecoins due to their lack of immediate utility in improving the trading experience of BRC-20 tokens. Despite the short-term bearish outlook, Runes are seen as a positive development for Bitcoin layer-2 networks, driving more activity to L2s as increasing network fees price out smaller transactions.

1. Funding and OI remain near YTD lows

2. Another ETF outflow as GBTC TVL halves

3. HK ETFs ‘could reach $25bn TVL’

4. Expect BTC bullishness post-halving: Bernstein

5. Oil continues to drop as Israel response worry falls

6. Hot coins: SC, TOOKER, DEGEN, BODEN

7. Hot NFTs: Rune Pups, AILU, RSIC, Bitcoin Wizards

1. We have reached $10 Million in Assets managed on NettyWorth.

2. To bring awareness we have launched a $1,000 Meme Coin Giveaway with other monthly giveaways in the upcoming months.