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Friend.Tech's Native Token Tanks After Airdrop

Decentralized social platform Friend.Tech airdropped its native token FRIEND on Friday. The token's price rose as high as $169 immediately after it began trading on Base before quickly collapsing. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Why USDT Dominates Supply With Lower Transaction Volume

Visa launched a stablecoin dashboard that shows the outstanding supply of fiat-backed tokens at an all-time high, with Tether’s USDT dominating. While USDT dominates supply, when it comes to transaction volume, USDC takes the number one spot. Find out why "Crypto Is Macro Now" newsletter author, Noelle Acheson says this could be. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Akash Network’s Token Surges Nearly 50% on Upbit Listing

Akash Network’s token surged to nearly $7 after the token was listed on South Korean exchange, Upbit. Upbit is the largest crypto exchange in South Korea by trading volume, and AKT has a market cap of 1.45 billion dollars according to Messari. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Bitcoin Transaction Fees Slide Significantly Post Halving

Bitcoin transaction fees have significantly lowered following the halving, with medium-priority transactions now costing $8.48 while high-priority transactions costing $9.32, according to data from Mempool.space. The hashprice index, a metric created by Luxor to quantify how much a miner can expect to earn from a specific quantity of hashrate, has also dropped from $182.98 per hash/day to $81. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Uniswap's UNI Down Almost 20% After SEC's Wells Notice

Uniswap's native token UNI slid almost 20% in the past 24 hours amid news that the decentralized crypto exchange received a notice from the U.S. SEC that it intends to pursue an enforcement action. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Bitcoin Supply Inactive for a Year Drops to 18-Month Low: Glassnode

Data tracked by blockchain analytics firm Glassnode shows that the percentage of bitcoin's circulating supply that last moved on-chain at least a year ago has declined to nearly 65.8%, the lowest since October 2022. What's the reason behind the urge to sell? CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Could Bitcoin Rally to $80K on Triangle Break?

A technical analysis by 10x Research predicts that bitcoin could soon rally to new record highs of $80,000 after breaking through a so-called triangle resistance. The breakout comes after the latest job report that indicated resilience in the U.S. economy. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Ether-Bitcoin Ratio to Flash Death Cross: What Does It Mean for Altcoins?

The ether bitcoin ratio is about to flash death cross, which occurs when a short-term moving average drops below the long-term moving average, signaling potential long-term bearish shifts in momentum. What does the ETH/BTC ratio mean for the performance of altcoins? CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

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Bitcoin ETF Trading Volumes Tripled in March on Record-High BTC Price

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) scored over $110 billion in trading volume in March, tripling January and February volumes, as the largest cryptocurrency soared to record highs. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

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Bitcoin Cash Hit Highest Price Since November 2021

Only three assets in the CoinDesk 20 closed higher compared to one week ago, according to data from CoinDesk Indices. Among them, Bitcoin Cash hit the highest price point since November 2021, as the Bitcoin Cash halving is scheduled to occur on April. 4th. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."

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