April 2024 surprisingly stands as a crucial moment for the evolution of the cryptocurrency sector, filled with major affairs on the agenda.
The calendar is marked by key events, including the highly anticipated Bitcoin halving, judicial confrontations featuring leading personalities, and the kick-off of innovative projects, setting the stage for a month filled with intense speculation and dynamic movements.
Top 6 Crypto Events You Don’t Want To Miss In April 2024
1. Bitcoin Halving
Leading the events is the anticipated fourth Bitcoin halving set for April. Experts, Michaël van de Poppe among them, predict that this milestone may trigger a boost in altcoin values, possibly transforming the landscape of the market.
Evidence of this emerging trend can already be seen, as Bitcoin’s volatility has spiked, even outpacing Ether in the period leading up to the halving.
2. The Sentencing of Changpeng Zhao
As the sentencing hearing for Changpeng ‘CZ’ Zhao, the former CEO of Binance, draws near with its scheduled date of April 30, his future remains uncertain.
Efforts by Zhao to re-enter the UAE for health reasons have been consistently blocked by the US Federal Court, stemming from the lack of an extradition agreement between the United States and the UAE.
3. US CPI Release Concerning March
The Consumer Price Index (CPI) data for March, set to be released on April 10, will provide critical insights about the inflation pattern.
This information will be meticulously analyzed for its potential impact on the Federal Open Market Committee’s (FOMC) choices about interest rates and fiscal strategies.
According to Forbes, despite ongoing speculation, it is anticipated that there will be no modifications to interest rates in April.
4. Coinbase’s Battle With SEC
The ongoing legal battle between Coinbase and the U.S. Securities and Exchange Commission continues as the court has decided against Coinbase’s request to have the lawsuit dismissed.
This means the case will move forward, potentially impacting the regulatory framework for cryptocurrency exchanges.
5. Conflict Among SEC, Do Kwon, and Terraform Labs
Terraform Labs’ founder, Do Kwon, is currently embroiled in legal issues stemming from the 2021 downfall of Terra Luna coins. Residing under house arrest in Montenegro, he is the subject of extradition petitions from the United States and South Korea.
Although the Montenegrin High Court previously sanctioned his extradition to the US, this decision is now being re-evaluated, with anticipations that it could be reversed by the country’s Supreme Court.
6. The Introduction of EigenLayer to the Ethereum Ecosystem
By the end of April, the Ethereum network will see the much-anticipated introduction of EigenLayer, a move set to shake the landscape of smart contract solutions up a bit.
This launch is generating considerable buzz, with some enthusiasts hailing it as the herald of “Ethereum 2.0,” a revolutionary step forward in blockchain technology.
