Weekly Crypto Wrap Up: Key Events and Market Insights

Fourth Bitcoin Halving and Its Implications

Mining Rewards Reduced

The completion of the fourth Bitcoin halving marked a significant milestone in the cryptocurrency world. Mining rewards decreased from 6.250 BTC to 3.125 BTC per block, impacting the supply dynamics of the leading digital asset.

Impact on Market Sentiment

Despite the anticipation surrounding the halving event, the top five Bitcoin miners refrained from selling their holdings prior to the event. Instead, institutional investors, often referred to as whales, purchased approximately $1.2 billion in BTC, signaling confidence in the asset’s long-term potential.

Regulatory Developments: From Hong Kong to the UK

Approval of Bitcoin and Ether ETFs in Hong Kong

Hong Kong made headlines by approving the first spot Bitcoin and Ether exchange-traded funds (ETFs). This regulatory milestone opens doors for mainstream investors to gain exposure to cryptocurrencies through regulated channels.

UK’s Proposal for Crypto Regulations

The United Kingdom announced plans to propose comprehensive crypto regulations by July, signaling a proactive approach to managing digital asset ecosystems. This move aims to foster innovation while ensuring investor protection and regulatory compliance.

Legal Cases and Market Trends

Mango Markets DeFi Hacker Conviction

In a landmark case, the perpetrator behind the $110 million fraud involving Mango Markets DeFi was found guilty. This serves as a significant precedent in addressing crypto-related crimes and upholding accountability within the industry.

Bitcoin Supply Dynamics and Exchange Reserves

Analysts predict that Bitcoin supply on exchanges may deplete within nine months following the halving event. This trend underscores growing investor confidence in holding BTC for the long term, potentially leading to supply shortages and price appreciation.

Technical Analysis and Trading Insights


mance and Key Levels

Technical analysis of BTCUSD reveals a double bounce pattern following a false break of the recent ascending trendline. With key support levels at 60,000 and 65,000, traders navigate market volatility amidst broader economic factors and geopolitical tensions.

Spot Desk Observations and Market Flows

Spot crypto-asset services witnessed a buy-skew for BTC and ETH as prices approached critical support levels. Altcoins experienced significant selling pressure, reflecting a risk-off sentiment across markets.

Derivatives Desk Strategies and Outlook

Bullish Sentiment in Derivatives Market

Despite market fluctuations, derivatives traders maintain a bullish outlook, exploring opportunities for bull-call spreads. With BTC basis rates remaining low and historical trends favoring post-halving rallies, investors consider long-term volatility strategies.

Key Economic Indicators to Monitor

Traders and investors are advised to monitor key economic indicators, including flash manufacturing and service PMIs, advance quarter GDP reports, and central bank policy decisions. These factors can influence market sentiment and asset valuations.

Navigating Volatility and Opportunities

As the cryptocurrency market continues to evolve, staying informed about regulatory developments, market trends, and technical analysis is crucial for traders and investors alike. By understanding key events and leveraging strategic insights, participants can navigate volatility and capitalize on emerging opportunities in the dynamic world of digital assets.

What is Rollbit: A Comprehensive Overview of the Leading Crypto Casino and NFT Platform

Introduction to Rollbit

Rollbit stands as a pioneering force in the realm of online gaming, particularly within the domain of cryptocurrency casinos and NFT (Non-Fungible Token) platforms. Established in February 2020 by a cadre of enthusiastic entrepreneurs with a shared zeal for online gaming, Rollbit has swiftly emerged as a frontrunner in the industry, driven by its commitment to delivering unparalleled and engaging experiences to its user base.

With an illustrious track record, Rollbit has garnered a stellar reputation, evidenced by its remarkable 4.6/5.0 rating from over 3,986 reviews on Trustpilot. Since its inception, Rollbit has facilitated over $5 billion in wagers on its casino games and facilitated trading exceeding $100 billion via its Crypto Trading offering.

Offerings by Rollbit

Rollbit prides itself on its culture of innovation, constantly introducing novel and thrilling features to its users. Some of its standout offerings include:

1. NFT Marketplace

Rollbit has spearheaded the development of a comprehensive NFT Marketplace, addressing prevalent issues like high gas fees. Notably, Rollbit’s marketplace operates on a gas-less model, allowing users to transact using Bitcoin, Ethereum, Litecoin, or Solana. The platform also offers a unique betting feature, enabling users to acquire listed NFTs at a fraction of their price, with sellers still receiving full value.

2. NFT Lootboxes

Rollbit has innovatively introduced NFT lootboxes to the market, offering players the chance to win popular NFTs such as Bored Ape Yacht Club and CryptoPunks at reduced values. Holders of Rollbots, the platform’s NFT collection, can create and manage their own NFT lootboxes, enhancing engagement and utility.

3. NFT Collateralised Loans

Rollbit provides short-term liquidity to NFT holders through its NFT collateralised loans feature, enabling instant loans with on-site balance utilization for gambling, cryptocurrency trading, or withdrawal purposes.

4. Profit Sharing

Rollbit further engages its community by offering profit sharing from its casino and NFT Marketplace revenues. Casino profits are distributed via the RLB Lottery, while NFT Marketplace profits are allocated to Rollbot stakers.

5. Casino Games

With integration with over 60 leading providers, Rollbit offers a diverse array of casino games, including slots, roulette, live casino, and blackjack. Collaborations with these providers have facilitated the introduction of innovative features like Bonus Battles and Challenges.

6. In-house Games

In addition to third-party offerings, Rollbit has developed its own popular in-house games such as Rollercoaster, X-Roulette, X-Crash, and X-Flip, with ongoing development of additional titles.

7. Leading Rewards Program

Rollbit boasts the most rewarding rewards program in the crypto casino sphere, returning over 70% of its house edge to players across various activities, including casino gaming, cryptocurrency trading, and NFT marketplace engagement.

8. Bonus Battles and Challenges

These features inject a social aspect into Rollbit’s casino games, allowing users to compete for pooled bonuses and additional prizes based on game performance.

9. High-leverage Crypto Trading

Rollbit’s innovative trading platform offers up to 1,000x leverage and eliminates traditional trading frictions like volume-based commissions and bid-offer spreads, fostering an environment conducive to profit generation from small price movements in cryptocurrency markets.

10. Crypto Portfolio

In addition to leveraged trading, Rollbit provides users exposure to the top 120 cryptocurrencies by market capitalisation, all within a unified and user-friendly interface.

11. Acceptance of Solana

Rollbit distinguishes itself as one of the few crypto casinos to accept Solana (SOL) for deposits and withdrawals, catering to a diverse range of cryptocurrency enthusiasts.

Reflecting on Rollbots V1

The success of Rollbit’s initial foray into NFTs with Rollbots V1 underscores the platform’s dedication to delivering long-term value to its user base. With over $48 million earned collectively by Rollbot V1 holders and a meticulously planned roadmap that underpromised and overdelivered, Rollbit has solidified its status as a utility-focused NFT project that delivers tangible benefits to its holders.

Rollbit’s Foray into NFTs: Rollbots V2

Rollbit’s commitment to innovation is epitomised by its Rollbots NFT collection. With the launch of Rollbots V2, the platform is poised to captivate audiences once again, leveraging the success of its predecessor to venture into the sports gambling market. The introduction of Sports Rollbots alongside the sportsbook launch promises utility benefits for holders, with opportunities for passive income and exclusive rewards.


Rollbit stands at the forefront of innovation in the realms of cryptocurrency casinos and NFT platforms, continually pushing boundaries and delivering unparalleled experiences to its users. With a rich array of offerings and a steadfast commitment to community engagement and value creation, Rollbit remains poised for continued success in shaping the future of online gaming and NFT ecosystems.

The Creative Genius: Roham Gharegozlou’s Journey in NFT Innovation

The Genesis of Innovation: Roham Gharegozlou’s Entrepreneurial Spirit

A Visionary from an Early Age

Roham Gharegozlou’s entrepreneurial journey began at a remarkably young age, igniting his passion for innovation and technology. From founding his first startup at the age of 14 to spearheading groundbreaking ventures in blockchain and emerging technologies, Gharegozlou’s trajectory exemplifies the spirit of relentless innovation and creative exploration.

From Childhood Dreams to Silicon Valley Success

Born in Tehran, Iran, Gharegozlou’s family embarked on a journey that took them from Dubai to Paris and eventually settled in California. It was amidst this backdrop of diverse cultural experiences that Gharegozlou cultivated his insatiable curiosity and entrepreneurial drive. Armed with a bachelor’s degree in economics and a master’s degree in Biological Sciences from Stanford University, Gharegozlou embarked on a mission to redefine the boundaries of technological innovation.

From CryptoKitties to NBA Top Shot: Pioneering NFT Evolution

CryptoKitties: Pioneering the NFT Movement

In 2017, Gharegozlou and his team at Axiom Zen unveiled CryptoKitties, a blockchain-based game that revolutionized the concept of digital collectibles. By leveraging the Ethereum blockchain and smart contracts, CryptoKitties introduced the world to the concept of non-fungible tokens (NFTs), allowing users to own, trade, and breed unique digital cats. This groundbreaking project not only captivated millions of users but also laid the foundation for the burgeoning NFT ecosystem.

Flow Blockchain: Empowering Scalable NFT Solutions

Recognizing the scalability challenges faced by Ethereum, Gharegozlou spearheaded the development of the Flow blockchain. Launched in 2020, Flow addressed the limitations of existing blockchain platforms, offering developers a robust and scalable infrastructure to build NFT-powered applications. With Flow, Gharegozlou envisioned a future where NFTs could transcend traditional boundaries, empowering creators and collectors alike.

NBA Top Shot: Redefining Digital Collectibles

In collaboration with the NBA, Gharegozlou and Dapper Labs unveiled NBA Top Shot, a groundbreaking NFT marketplace where basketball fans could collect and trade memorable moments from their favorite games. From LeBron James’ iconic dunks to Steph Curry’s game-winning shots, NBA Top Shot captured the essence of sports fandom in the digital realm, attracting millions of users and revolutionizing the sports memorabilia industry.

The Evolution Continues: Exploring New Frontiers in NFT Innovation

Beyond CryptoKitties and NBA Top Shot, Gharegozlou’s vision for NFT innovation knows no bounds. With Dapper Labs at the forefront of blockchain technology, Gharegozlou and his team are exploring new frontiers in digital collectibles, gaming, and virtual experiences. From partnerships with leading sports leagues to collaborations with artists and entertainers, Gharegozlou’s commitment to pushing the boundaries of NFT innovation remains unwavering.

Gharegozlou’s Vision for the Future: Building an Open Metaverse

The Potential of Web3 and the Metaverse

As the concept of the metaverse gains mainstream traction, Gharegozlou emphasizes the importance of building an open, decentralized metaverse. With Dapper Labs at the forefront of innovation, Gharegozlou envisions a future where digital experiences are governed by transparent blockchain technologies, fostering inclusivity and creativity on a global scale.

Driving Innovation and Collaboration

Gharegozlou’s relentless pursuit of innovation extends beyond NFTs, encompassing partnerships with leading organizations and industries. From collaborating with sports leagues like the NFL and LaLiga to exploring opportunities in music and entertainment, Gharegozlou’s vision for Dapper Labs transcends traditional boundaries, driving innovation and collaboration across diverse sectors.

Roham Gharegozlou’s Enduring Legacy in NFT Innovation

A Trailblazer in NFT Innovation

Roham Gharegozlou’s impact on the NFT landscape is profound and enduring. From pioneering projects like CryptoKitties to spearheading the development of the Flow blockchain and NBA Top Shot, Gharegozlou’s visionary leadership has reshaped the digital collectibles industry and paved the way for new possibilities in the decentralized ecosystem. As Dapper Labs continues to push the boundaries of innovation, Gharegozlou’s legacy as a trailblazer in NFT innovation remains unmatched, inspiring creators and collectors around the world.

Runes: A Comprehensive Guide to Bitcoin’s Fungible Token Protocol

Introduction to Runes: Understanding Bitcoin’s Newest Protocol

In the dynamic world of Bitcoin, characterized by constant innovation and evolution, emerges Runes – a revolutionary protocol conceived by the visionary developer Casey Rodarmor. Renowned for his pioneering work on Ordinals, Rodarmor continues to push the boundaries of possibility within the cryptocurrency realm. Runes represents the culmination of his efforts, introducing a novel fungible token standard to Bitcoin’s immutable blockchain. Let’s embark on a journey to unravel the intricacies of Runes and explore its transformative potential within the digital asset landscape.

The Genesis of Runes: From Ordinals to Fungible Tokens

Rodarmor’s previous creation, Ordinals, laid the groundwork for tokenization on Bitcoin by enabling the inscription of data on the smallest units of the cryptocurrency. This groundbreaking protocol unlocked the potential for non-fungible tokens (NFTs) within the Bitcoin ecosystem, sparking innovation and creativity among developers and enthusiasts alike. With Runes, Rodarmor takes a significant leap forward, transitioning from non-fungible to fungible tokens, thereby expanding the scope of tokenization possibilities on the Bitcoin blockchain.

The Mechanics of Runes: How It Works

Embracing Fungibility and Interchangeability

In contrast to non-fungible tokens, which possess unique attributes and individuality, Runes embrace fungibility, allowing each token to be identical and interchangeable with others of its kind. This fundamental characteristic empowers Runes to function as a medium of exchange, store of value, and unit of account within the Bitcoin ecosystem, fostering liquidity and utility.

Leveraging Bitcoin’s UTXO Model

Runes leverage Bitcoin’s Unspent Transaction Output (UTXO) model, a fundamental aspect of the Bitcoin protocol. By adhering to the UTXO model, Runes transactions remain secure, transparent, and efficient, ensuring the integrity of the blockchain while facilitating seamless token transfers and management.

Etching and Minting Runes: The Creation Process

Etching Runes into Existence

The process of etching heralds the creation of Runes, wherein a rune is initialized, and its properties are defined. During etching, essential attributes such as name, divisibility, symbol, and optional premine allocation are established, laying the foundation for the token’s identity and functionality.

Minting New Units of Runes

Minting represents the creation of additional units of a rune, governed by predefined terms and conditions set forth during the etching process. Open mints facilitate decentralized creation and allocation of runes, promoting inclusivity and community engagement within the Runes ecosystem.

Runes in Action: Launch and Projects

The launch of Runes coincided with heightened anticipation surrounding Bitcoin’s halving event, garnering widespread attention and enthusiasm from the crypto community. In the aftermath of its debut, a plethora of projects have emerged, leveraging the Runes protocol to create diverse tokenized assets with unique themes and utility.

RSIC: Pioneering Runes Project

RSIC stands as a pioneering project within the Runes ecosystem, aiming to revolutionize tokenization on Bitcoin. With a thematic focus on mining-inspired tokens, RSIC exemplifies the innovative potential of Runes technology, paving the way for novel applications and use cases within the digital asset landscape.

Runestone and Node Apes: Exploring Creative Frontiers

Runestone and Node Apes epitomize the creative diversity inherent within the Runes ecosystem, exploring themes ranging from ancient mysticism to futuristic narratives. These projects serve as showcases for the versatility of Runes as a platform for tokenized expression, inviting users to engage with imaginative concepts and vibrant communities.

The Purpose of Runes: Empowering Bitcoin’s Dominance

At its essence, Runes serve a twofold purpose – to facilitate the creation of speculative assets and to reinforce Bitcoin’s position as the premier cryptocurrency. By redirecting liquidity, technology, and attention back to Bitcoin, Runes embody Rodarmor’s vision of revitalizing Bitcoin’s ecosystem while providing users with a platform for tokenized innovation and experimentation.

The Future of Runes: Charting New Horizons in Tokenization

As Runes continue to gain momentum within the cryptocurrency landscape, their impact on Bitcoin’s ecosystem becomes increasingly profound. With ongoing developments, partnerships, and projects, Runes are poised to redefine the narrative surrounding digital assets, driving innovation and adoption within the decentralized ecosystem. As we embark on this journey into the future of tokenization, Runes stand as a testament to the boundless potential of blockchain technology and the enduring legacy of Bitcoin’s pioneering spirit.

Bitcoin Halving 2024: A Comprehensive Guide

What is Bitcoin Halving?

Bitcoin halving is a significant event in the world of cryptocurrency, occurring approximately every four years. It involves a reduction in mining rewards by half, resulting in a decreased rate of new Bitcoin issuance. This event is coded into the Bitcoin blockchain and plays a crucial role in regulating the cryptocurrency’s supply and maintaining its scarcity.

Historical Bitcoin Halving Events

Bitcoin has undergone three halving events prior to 2024, each marked by a reduction in mining rewards and followed by significant price movements in the cryptocurrency market. These events have historically led to increased attention from investors and traders alike, as they anticipate the potential impact on Bitcoin’s price trajectory.

The Significance of Bitcoin Halving in 2024

In 2024, the Bitcoin halving event holds particular significance due to several factors shaping the cryptocurrency landscape. Unlike previous halvings celebrated primarily by early adopters, Bitcoin has now gained widespread acceptance, attracting institutional investors and retail traders alike. This increased mainstream interest has elevated the importance of the halving event, with experts speculating on its potential implications for the market.

Unique Characteristics of the 2024 Bitcoin Halving

The 2024 Bitcoin halving differs from its predecessors in several key aspects. Notably, Bitcoin has already surpassed its previous cycle’s high before the halving, a phenomenon unprecedented in previous halving cycles. This achievement has led to heightened uncertainty among market participants, as they attempt to forecast the duration and intensity of the ensuing bull run.

Impact on Miners and Investors


For miners, the Bitcoin halving results in a reduction of mining rewards, necessitating adjustments to maintain profitability. Despite the decrease in rewards, the halving event may not necessarily lead to lower profitability for miners, as the value of Bitcoin earned through mining is expected to increase over time. Miners may need to enhance the efficiency of their hardware and optimize energy consumption to adapt to the changing dynamics of Bitcoin mining.


Investors closely monitor Bitcoin halving events due to their potential impact on the cryptocurrency’s price. Historically, halving events have been associated with significant price appreciation in Bitcoin, attracting investors seeking to capitalize on potential gains. The 2024 halving presents an opportunity for investors to position themselves strategically, considering the unique market dynamics and evolving regulatory landscape.

Predictions and Outlook for Bitcoin Halving 2024

Optimistic Predictions:

Optimistic forecasts suggest a bullish outlook for Bitcoin following the 2024 halving event. Analysts and experts predict a surge in Bitcoin’s price, driven by factors such as increased institutional adoption, growing demand from retail investors, and regulatory developments favoring cryptocurrency assets. Price targets ranging from $100,000 to $200,000 have been proposed by various market participants, reflecting optimism regarding Bitcoin’s long-term potential.

Bearish Considerations:

Despite optimistic projections, Bitcoin faces potential challenges and uncertainties in the aftermath of the halving event. Concerns regarding regulatory scrutiny, environmental sustainability, and geopolitical factors may exert downward pressure on Bitcoin’s price. Additionally, market dynamics and investor sentiment could influence short-term price volatility, requiring investors to remain vigilant and adaptable in response to changing market conditions.


The 2024 Bitcoin halving represents a pivotal moment for the cryptocurrency market, marked by anticipation and speculation among investors and enthusiasts. While the event holds promise for potential price appreciation and market growth, it also presents challenges and uncertainties that warrant careful consideration. Whether Bitcoin realizes its full potential as a transformative asset class hinges on various factors, including regulatory developments, technological advancements, and market sentiment. As investors navigate the evolving landscape of cryptocurrency, strategic decision-making and risk management will be paramount in capitalizing on opportunities and mitigating potential pitfalls.

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