Welcome back to Coinsauce’s daily crypto roundup 🗞️, your one-stop-shop for everything crypto. From breaking news to fascinating stories and hilarious memes, we've got you covered in our compact, easy-to-digest newsletter.

A slow day can be a welcome break in the fast-paced crypto world. The past 24 hours were comparatively uneventful, with little to no exciting activity in the crypto sphere 🙈 (Except for the impressive overnight pump shown by BTC, of course!) While multiple updates can be emotionally stirring, the quiet calm of the crypto world offers us a respite from the roller-coaster of emotions, allowing us to focus on other essential things in life!

In today’s newsletter, we will be covering 👇

1. Bitcoin price surges above $30K. 📈

2. CryptoGPT raises $10M in funding 💰

3. South Korean exchange GDAC suffers a $13 million hack 😓

4. A few lesser-known facts about bitcoin 🤫

So, lets dive straight in ❗

Bitcoin breaks $30,000 to mark its highest price since June 2022

In an impressive display of strength yet again by the bulls, bitcoin rallied 4.63% overnight to breach the $30,000 barrier, which was previously acting as a strong resistance! At the time of writing, Bitcoin has made a daily high of $30,438 & continues its attempt to push higher.

With USA CPI data to be released tomorrow, it will be interesting to see how prices react to any surprises!

Bitcoin dominance also continues to surge, sitting comfortably over 48%. This explains why other alt-coins are not rallying, despite bitcoin’s impressive run-up! With the dominance reaching a key resistance soon, any rejection could indicate the possibility of a mini alt-season, something traders have long hoped for!

To everyone who bought bitcoin under $20K despite the FUD, this rhyme is for you!

CryptoGPT raises funds at a $250M valuation 🤦‍♂️

CryptoGPT, a blockchain platform claiming to operate at the intersection of ZK Technology and AI, has raised $10 million in funding in a Series A round led by DWF Labs, at a $250 million valuation.

Essentially, the platform is just a data marketplace, allowing users to monetize their data by sharing it with companies in a secure manner, using ZK technology to maintain privacy 😅

The token, $CGPT, was trading as high as 39.6 X times its IDO price upon listing on major exchanges like KuCoin.

In our humble & earnest opinion, CryptoGPT seems to be a prime example of “Trend is your friend” in action! 🚫 The platform indigenously managed to take advantage of the ZK & AI narrative to their advantage to lure in investors & speculators. The project itself does not provide any unique solution, as the crypto verse has seen many such data marketplaces rise & fall in the past. (Think OCEAN, GeoDB, etc)

Not financial advice, but if you intend to invest in crypto for the long-term, try staying away from investing in tokens with “GPT” in their name, unless its for pure speculation purposes! (Seriously!)

South Korean Exchange GDAC exploited for $13 Million 😓

South Korean crypto exchange GDAC lost over $13 million in crypto through a “hot wallet hack” 🤦‍♂️ on April 9.60.81 BTC (~$1.7 million), 350.50 ETH (~$649,000), 10,000,000 WEMIX (~$11.4 million), and 220,000 USDT

The stolen assets accounted for 23% of GDAC's assets under custody, which far exceeds Hong Kong's proposed crypto legislation, which aims to limit custodians to holding only 2% of customer assets in hot wallets.

It’s outrageous that exchanges with such experienced teams & management still choose to store user funds in hot wallets, despite being well aware of the risks involved.

Seriously, guys, we are tired of saying this, but not your keys or coins! Get yourself a hardware wallet. Heres the links to our recommed wallets Trezor & Ledger.

3 lesser known facts about bitcoin 👀

Despite the absence of any significant developments in the last 24 hours , we don't want to leave you with an empty inbox. That's why we're here providing our audience with educational alpha instead! Here are some truly lesser know facts and updates about bitcoin which you might not have read about anywhere else 👇

1. On-chain alpha - (Source : Glassnode) 🔎

A) ~50% of all Bitcoin in circulation hasn’t moved in the past 2 years.

B) ~29% of Bitcoin in circulation hasn’t moved in the past 5 years.

C) New non-zero addresses on the bitcoin network have reached a new all-time-high of ~45.5 million addresses.

2. Mythbuster 🤥

Contrary to popular belief, Mt. Gox wasn't the pioneer of Bitcoin exchanges. The first bitcoin exchange to ever exist was actually BitcoinMarket.com, a platform that was created in March 2010. However, its tenure was short-lived and the platform was shut down just after a few months of operation.

3. An OG Bitcoin Fact 💪

Did you know that he first Bitcoin mining pool was called “Slush” (now known as Braiins) which was created in November 2010? The mining pool is still in operation today and has mined nearly 1.3 million BTC since its inception! Talk about being early to the party!

Meme of the day

When you convinced your friends to buy bitcoin at $16k in spite all the FUD.

Thanks for tuning in to today's newsletter 📰 We hope you enjoyed reading the latest news, updates, and facts we've shared with you. Remember to stay curious, stay informed, and always DYOR before investing. Until next time, keep stacking those sats and keep shining like bitcoin 🙌

Disclaimer: This newsletter is for educational purposes only and does not constitute financial advice or an offer to buy or sell assets. You must exercise caution and conduct your research before making any financial decisions.