April 2024 is an important month for the growth and development of the cryptocurrency world. A series of important events are on the horizon, starting with the long-awaited Bitcoin halving, to important legal proceedings involving major crypto companies and their former CEOs, and even groundbreaking project developments.
Let’s take a closer look at the upcoming events that have the crypto industry buzzing with anticipation and speculation –
Bitcoin halving
First and foremost, Bitcoin's fourth halving is expected to occur in April. Prominent analyst Michael van de Poppe believes that this event could cause a surge in altcoin prices, saying, “After the halving, BTC may lose its dominance.'' “It has said. Additionally, many analysts have previously suggested that the era of altcoins and meme coins will soon take over. This prediction appears to be coming true, as Bitcoin has shown unusually high volatility, even surpassing Ether before the halving event.
US March CPI release
Consumer Price Index (CPI) numbers for March will be released on April 10, which will provide important insight into inflation trends. Analysts will closely analyze this data to influence the Federal Open Market Committee's (FOMC) decisions on interest rates and monetary policy. However, according to Forbes, interest rates will not change in April.
Zhao Changpeng sentencing hearing
The sentencing hearing for former Binance CEO Changpeng “CZ” Chao was previously postponed to April 30 after a February trial. Mr. Zhao Changpeng's lawyers have been working tirelessly to allow him to return to the UAE, citing a medical emergency to see his daughter and family. However, since the United States does not have an extradition treaty with the UAE, the Fed court has repeatedly rejected this request.
Do Kwon and Terraform Labs vs. SEC
When we talk about extradition treaties, Do Kwon's name always comes up. He is the founder of Terraform Labs and is currently under house arrest in Montenegro. Do Kwon had previously been arrested at an airport in Montenegro for traveling with a fake passport. However, things took a serious turn when he was suspected of being the mastermind behind the 2021 Terra Lunacoin crash.
The US Federal Reserve has already begun litigation against Tarsform Labs and is seeking Do Kwon's extradition. But his home country, South Korea, is also seeking his extradition. Montenegro's High Court had previously recognized an extradition treaty to the United States, but its authority was so poor that the country's Supreme Court had to declare the treaty invalid. His extradition treaty is expected to be recognized in April itself.
SEC continues lawsuit against Coinbase
Coinbase's legal battle with the U.S. Securities and Exchange Commission continues after Coinbase's motion to dismiss the case was denied and a court ruled that the lawsuit should proceed.
Other important events –
Other notable events include the Bitcoin Cash (BCH) halving and EigenLayer's mainnet launch. These developments represent important milestones in their respective ecosystems and have potential implications for investors and users.
As April begins, the crypto community is eagerly anticipating the outcome of these key events, which could shape the trajectory of Bitcoin and other crypto markets in the coming months. .
