Revealing the Crypto Events to Look Forward to in April: Discover What’s in Store
April 2024 is a significant month for the world of cryptocurrencies, as it is filled with important events and developments. These events include the highly anticipated Bitcoin halving, legal proceedings involving major crypto firms and their former CEOs, and groundbreaking project advancements.
Let’s delve deeper into these upcoming events that have the crypto landscape buzzing with excitement and speculation.
Bitcoin Halving:
The fourth Bitcoin halving is expected to occur in April, and renowned analyst Michaël van de Poppe believes that this event could lead to a surge in altcoin prices. He suggests that Bitcoin may lose its dominance post-halving. Many analysts have also predicted the rise of altcoins and memecoins, and this seems to be coming true as Bitcoin has exhibited high volatility, even surpassing Ether, ahead of the halving event.
US March CPI Release:
On April 10, the release of the Consumer Price Index (CPI) figures for March will provide crucial insights into inflation trends. Analysts will closely analyze this data, as it will have implications for the Federal Open Market Committee (FOMC) decisions regarding interest rates and monetary policy. However, Forbes predicts that interest rates will remain unchanged in April.
Changpeng Zhao’s Sentencing Hearing:
Former Binance CEO Changpeng ‘CZ’ Zhao’s sentencing hearing, which was previously postponed, is now scheduled for April 30. In a February trial, Zhao’s lawyers made several unsuccessful attempts to allow him to return to the UAE due to a medical emergency involving his daughter and family. However, the US Federal Court has repeatedly denied these requests, as there is no extradition treaty between the US and the UAE.
Do Kwon and Terraform Labs vs SEC:
Speaking of extradition treaties, the founder of Terraform Labs, Do Kwon, is currently under house arrest in Montenegro. Kwon was previously arrested at the Montenegrin airport for traveling with a fake passport. However, things took a serious turn when he was accused of being the mastermind behind the 2021 collapse of Terra Luna coins.
The US Federal Court has initiated proceedings against Terraform Labs Inc and is seeking Kwon’s extradition. However, his home country, South Korea, is also seeking his extradition. Although the Montenegrin High Court previously granted the extradition to the US, the Supreme Court of the nation has deemed it void due to the ultra vires of its authority. It is expected that his extradition will be granted in April.
SEC to Continue Lawsuit Against Coinbase:
Coinbase’s legal battle with the US Securities and Exchange Commission (SEC) will proceed, as the court has rejected Coinbase’s motion to dismiss the lawsuit. The lawsuit will move forward, and this ongoing legal dispute has significant implications for Coinbase and the crypto market.
Other Important Events:
Other notable events in April include the Bitcoin Cash (BCH) halving and the launch of EigenLayer’s mainnet. These developments mark important milestones in their respective ecosystems and may have implications for investors and users.
As April unfolds, the crypto community eagerly awaits the outcomes of these key events, as they have the potential to shape the future of Bitcoin and the entire crypto market in the coming months.