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Today is Satoshi’s Nakamoto's Birthday

Also : Ripple to launch its own stablecoin!

Welcome back to the daily Coinsauce Newsletter, your go-to shop for the latest crypto updates and 🗞️. Let’s jump right into today's hot stories.

Trending over the past 24 hours 👇️

💧Top stories in the last 24 hours:

• Today is Satoshi’s Birthday
• Binance Ends Support for Bitcoin Ordinals
• Ripple to soon debut USD-Pegged stablecoin.
• Coinbase obtains registration as a restricted dealer in Canada.
• MerlinSwap raises $480 million to revolutionize Bitcoin DeFi.


Lets dive in.

📈 Markets

As of 12:27 pm GMT

📅 Today

Happy Birthday, Satoshi 🎂

April 5, 2024, marks the symbolic 49th birthday of Satoshi Nakamoto, Bitcoin's creator, who chose this date to reflect on 1933's U.S. gold confiscation. This choice highlights Bitcoin's commitment to decentralized finance and freedom, opposing centralized control.

In 1933, Americans had their gold confiscated. President Roosevelt signed Executive Order 6102, demanding citizens surrender their gold coins, bullion, and certificates to help stabilize the economy. Non-compliance risked severe penalties, including $10,000 fines or up to ten years in prison, though jewelry and collector's coins were exempt.

This date reflects Satoshi's critique of centralized power, embodying Bitcoin's principles. Happy birthday to the legend behind cryptocurrency!

Binance Ends Support for Bitcoin Ordinals 🔸

Binance has been winding down support for Bitcoin nonfungible tokens (NFTs) for just a few months after introducing them to its marketplace.

In a blog post on April 4, Binance announced efforts “to streamline product offerings” on the Binance NFT marketplace. As part of these efforts, the exchange's marketplace is facilitating support for trades and deposits of Bitcoin Ordinals on April 18.

Ripple’s Game-Changing Announcement 😅 

On April 4th, 2024, Ripple announced that is set to debut a stablecoin pegged to the US dollar soon this year. Backed by USD deposits, short-term US government treasuries, and cash equivalents, the stablecoin will ensure full collateralization. Third-party audits will verify the reserve assets, with Ripple committing to monthly attestations.

Initially launching on the XRP Ledger and Ethereum blockchains, Ripple plans to expand to other blockchains and DeFi protocols later on. The stablecoin and

XRP will integrate into Ripple's payment solutions, aiming to pioneer large-scale enterprise use cases and enhance customer experiences.

Will this finally be the game-changer for $XRP which the Ripple moon-boys have been hoping for? Only time will tell!

Coinbase: Breaking barriers, one registration at a time 🙏 

Coinbase, after its Canadian launch nearly eight months ago, announced on Thursday that it has successfully obtained registration as a restricted dealer. This milestone positions Coinbase as the first international cryptocurrency exchange to secure registration in Canada, marking a significant achievement.

The move to expand into Canada aligns with Coinbase's strategic vision of establishing a presence in markets beyond the United States. Notably, it also solidifies its status as the largest exchange to operate in the country.

This expansion comes amidst Coinbase's efforts to navigate regulatory challenges, particularly in its home market, where it has encountered scrutiny from the US SEC.

MerlinSwap Leading the Charge for Bitcoin DeFi🤲 

MerlinSwap, a prominent DEX in the Bitcoin ecosystem, recently completed its IDO, raising an impressive $480 million from over 52,000 participants. With this raise, it has established itself as a key player, boasting over $100 million in TVL & over $70 million in transaction volume.

Utilizing an innovative AMM model, MerlinSwap offers traders enhanced security and efficiency. Additionally, MerlinSwap introduces the concept of DEX-as-a-Service to the Bitcoin DeFi landscape, collaborating with Particle Network and other providers to integrate Discretized Liquidity AMM with Account Abstraction and multi-signature wallet features.

This signals significant growth potential for Bitcoin's DeFi ecosystem, akin to Ethereum's boom in 2017, & perhaps the start of a new era for Bitcoin DeFi.

📊 Stats

Richest People in Crypto in 2024

🤣 Meme of the day

Even Grandmas are even trading Solana meme coins

That concludes our update for today!

We appreciate you joining us for the latest news. We aim to provide insights and highlights that keep you well-informed and ready. Remember to follow us on Twitter and Instagram for regular updates, insights, and giveaways. Until next time, happy trading!

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