BytePlus Partners With Mysten Labs | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Crypto trading platform Kraken launches Kraken Wallet, a self-custody wallet.

2. Cryptocurrency Trends:

• Worldcoin to launch a new blockchain network, World Chain, later this year.
• BytePlus, a ByteDance subsidiary, partners with Mysten Labs to adapt its recommendation solutions and augmented reality products, among other services, to Sui.
• Animoca Brands discloses in its latest unaudited financial statement that it holds $558 million in digital assets on its balance sheet, including $291 million in cash and stablecoins.
• BSquared Network, a Bitcoin Layer 2 network, announces the launch of its mainnet on social media.
• Bernstein analysts expect Bitcoin to resume its bullish trajectory after the halving, setting to reach $150,000 by the end of 2025.
• Kelp DAO, a multichain liquid staking platform, announces a special promotion for all depositors, which covers ETH, stETH, and ETHx.
• BounceBit announces that a snapshot for the early experience of BounceBit Points Paradise will be taken on April 20, 12:00 AM (UTC).

3. Financing Trends:

• Zeko Labs, the parent company of Zeko Protocol, a cross-chain zero-knowledge scaling protocol, raises $3 million in pre-seed round funding led by YBB Capital, UOB Venture Management, and Signum Capital.
• Zignaly, a social investment platform, announces the launch of ZIGChain, a Layer 1 blockchain based on Cosmos, and the establishment of a $100 million ecosystem development fund at Token2049.
• Ord.io, an Ordinals explorer, raises $2 million in a pre-seed funding round led by the Bitcoin Frontier Fund and Sora Ventures.
• Usual Labs, a stablecoin startup, raises $7 million in a funding round led by IOSG and Kraken Ventures.

4. Regulatory Trends:

• U.S. senators Kirsten Gillibrand and Cynthia Lummis introduce a stablecoin bill. The bill prohibits unbacked algorithmic stablecoins and requires stablecoin issuer to hold one-to-one cash or cash equivalents to back their tokens.