Bitcoin holders appear to be accumulating more bitcoin (BTC), following the recent rally, which saw long-term holders decreasing their position sizes.
According to on-chain data and intelligence platform Glassnode, long-term bitcoin holders have begun accumulating the cryptocurrency once again. Previous data indicates that long-term holders had been selling or decreasing their position sizes since October 2020.
The decrease in holdings began once bitcoin had crossed the $12,500 mark. This accelerated and reached a peak in mid-January 2021. Likely around the time bitcoin broke $40,000.
The offloading continued until the beginning of April, and it now looks like long-term bitcoin holders are accumulating the digital asset once again. Source

The Ethereum Berlin upgrade goes live on April 14. This is the first update since Istanbul 15 months ago.
The update comes at a time when the price of ethereum (ETH) is relatively stable, hovering around $2,000 over the past weeks, and the amount of staked ETH reaches over $6 billion.Traffic, Congestion, and Gas
Decentralized finance (DeFi) and non-fungible tokens (NFTs) have been on everyone’s minds and in everyone’s wallets for the better part of the year.
This was great for all of the project’s building on the ERC20 and ERC710 standard. However, users found themselves battered by jaw-dropping fees and sluggish transaction times. The Ethereum network needed to rise to the needs of its growing user base. Enter the Berlin upgrade.
Berlin seeks to provide answers to increased fees and complex transaction processes through this Ethereum improvement proposal (EIP).
Gas prices were high due to the double-edged sword of Ethereum’s increasing price point and the ever-growing demand for assets on the network. Source

A whopping 74 percent of fund managers think that Bitcoin is in a bubble, according to Bank of America's April survey.Only 16 percent of the respondents hold the opposite view while the remaining 10 percent do not know the answer.
Notably, only seven percent of the surveyed investors think that the U.S. equities market is in a bubble despite the S&P 500 routinely logging new peaks after topping 4,000 points for the first time on April 4.
As reported by no link shorteningday, Bank of America released a scathing Bitcoin report, which picks holes in the store of value (SoV) thesis and demotes the largest cryptocurrency to a mere tool for speculation. Source

DecarbBitcoin Labs, an environmentally-focused think tank founded by Community Electricity, is taking a hands’ on approach to fighting climate change in California — and is using Bitcoin (BTC) mining as its first prototype.
Building off California’s Environmental Justice Program, whose mission is to protect communities that endure a disproportionate share of environmental pollution, Decarbbitcoin Labs is developing a first-of-its-kind prototype in Los Angeles aimed at not only decarbonizing the community but also proving how green Bitcoin will be mined. Source

Crypto exchange Binance has ventured into the space of tokenized stock trading, starting with Tesla.
That means users can now buy fractions of the Tesla stock token on Binance. Crypto exchange Binance has ventured into the space of tokenized stock trading, following the likes of FTX and Bittrex Global.
To begin with, Binance has listed Tesla stock tokens, meaning the exchange's users can now buy Tesla tokens representing its shares.
One Tesla stock token represents one share of the company. Users, however, can buy fractions of the token, with the minimum trade size being one-hundredth of the token.
The fractionalization of stock tokens makes them more affordable. One Tesla stock, for instance, is currently priced at around $700, which is quite expensive.
"Stock tokens demonstrate how we can democratize value transfer more seamlessly, reduce friction and costs to accessibility, without compromising on compliance or security," said Binance CEO Changpeng Zhao.
Zhao first hinted at the launch of tokenized stock trading service earlier this year. He told The Block at the time: "We're definitely looking at it."
"We do try to copy innovation when innovation is good," Zhao said at the time, referring to FTX's similar service.
Like FTX and Bittrex Global, Binance has also partnered with German financial firm CM Equity AG and Switzerland-based tokenization firm Digital Assets AG for the service. Source

Following a month-long consolidation period, the buying pressure behind Bitcoin is finally being reflected on prices. The flagship cryptocurrency has broken through a crucial resistance level, threatening to rise toward $70,000. According to Bloomberg, Tesla’s decision to allocate some of its wealth into BTC served as an “inflection point” that has encouraged many institutions to follow suit. The narrative around cryptos has shifted toward “the risks of missing out on the potential for Bitcoin becoming the global benchmark digital asset.”
Demand for Bitcoin has risen to an all-time high given these chances. From China to the U.S., institutions are rushing to get a piece of the pioneer cryptocurrency.
Over the past week alone, Chinese technology company Meitu scooped up roughly 175 BTC at an aggregate value of approximately $10 million, while business analytics firm MicroStrategy raked in roughly 253 BTC at an average price of $59,339.
Along the same lines, Grayscale bought another $1 billion worth of Bitcoin and other cryptocurrencies, bringing its total assets under management to $46.10 billion. Source

Compared with bitcoin’s (BTC) rally to a record price above $61,000 in March, ether’s latest bull run to an all-time high over $2,100 was supported by scantier demand from buyers, according to a top blockchain-data analyst.
Philip Gradwell, chief economist at Chainalysis, said on CoinDesk TV’s “First Mover” show that “relatively little” ether (ETH) was bought at prices above $1,850 and even less was bought at $2,000 or above.
“The reason why this is important is because the price that people are willing to buy and hold at tells us the level of demand that there is at that price level,” Gradwell said. “So not a huge amount of demand at that $2,000 price. Source