That sinking feeling ⛵

With the halving coming this week, the crypto markets go weak in the knees.

Author

Ryan Ozawa
April 13, 2024

Welcome to the Weekend Update from Decrypt. This is Ryan bringing you your daily news dose. Catch the latest from across our Hubs here!

📝 What you need to know

Despite a narrow ray of sunshine emerging on Monday, when the price of Bitcoin reclaimed $72,000, the skies darkened and gray clouds moved in by week’s end, dipping as deep as $65,981 yesterday. A bad run for Bitcoin generally portends a bad run for all of crypto, and that was certainly borne out over the past seven days. with over $200 million in long-position trades were liquidated.

Have you heard? There are less than six days left until the halving, and Decrypt is your one-stop shop for Bitcoin halving news and analysis. Stick with us—it'll be a wild ride.

📰 Top Stories

This Week in Coins: Bitcoin Brings Entire Crypto Market Down One Week Before Halving

Almost all of the crypto market is down significantly as the biggest coin by market cap heads into its halving event.

BlackRock Bitcoin ETF Continues Rise, Crossing $15 Billion in Total Gains

BlackRock's iShares Bitcoin Trust (IBIT) has been a massive success, netting $15 billion in inflows since its January 11 launch.

Ethereum ETF Approval Could Come Monday—In Hong Kong

The expected regulatory nod would open one of the world's largest financial markets to both spot Bitcoin and Ethereum exchange-traded funds.

Humane AI Pin Reviews Pile On a Half-Baked Device

The makers of the first AI-first wearables made a lot of promises, and reviewers say the actual gadget falls far short.

💬 Quote of the Day

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“I don’t think I’ve ever wanted to love a piece of technology so much and yet still be unable to.”

—Arun Maine on the Humane AI Pin

🌐 From Our Hubs

🎮 GG: Play Games, Earn Bitcoin: The Best iOS and Android Games That Pay You BTC

You can stack up satoshis while playing Bitcoin games on iOS and Android—and these ones are actually fun, thankfully.

🤖 EMERGE: NASA’s Next Deep Space Mission Won’t Use Artificial Intelligence

NASA says it is sticking with tried-and-true tech for its October mission to an icy moon of Jupiter.

🖼️ SCENE: 7 Bitcoin Ordinals and Runes Projects You Should Know Ahead of the Halving

From Runestone to NodeMonkes and Bitcoin Puppets, these Ordinals and Runes projects are well worth knowing before the halving.

📚 Dive Deeper

🎓LEARN: How to Set Up a Bitcoin Node: A Guide for Beginners

As the halving cuts miner rewards in half, there are other ways to participate in the Bitcoin network. Here are the simplest ways to connect your PC.

📹 WATCH: Inside VanEck’s Crypto Takeover of the New York Stock Exchange

Worlds collide as Decrypt reporter Sander Lutz heads to the floor of the NYSE to witness a special closing bell ceremony.