The biggest digital currency news expected to make headlines in April

April is shaping up to be a big month for the cryptocurrency industry, with some crucial news set to impact the market.

From major block reward halvings to high-stakes legal developments and notable project launches, here's what to watch out for.

Block reward halved: BCH and BTC

April marks the expected block reward halving of two major cryptocurrencies: Bitcoin (BTC) and Bitcoin Cash (BCH).

Market participants also expect mining rewards to be halved from 6.25 to 3.125 BCH around April 3, leading to a reduction in mining rewards from 6.25 to 3.125 BCH. This event, crucial for controlling monetary inflation and supply dynamics, often arouses the interest of speculators due to the low rate of entry into circulation of new currencies.

Shortly after, on April 25, Bitcoin will undergo its own halving. The block mining reward will also be reduced from 6.25 BTC to 3.125 BTC. Historically, such events have spurred uptrends in markets. This has led to increased speculation and interest in Bitcoin.

These halvings highlight the deflationary nature of these digital assets, which could increase their value over time.

Regulatory Spotlight: SEC vs. Coinbase

The regulatory environment for cryptocurrencies is also heating up. An important development to watch is the deadline for the SEC and Coinbase to agree on the order of the case by April 19.

This follows a ruling against Coinbase's request to dismiss a Securities and Exchange Commission lawsuit. This highlights the ongoing tension between cryptocurrency entities and regulators. These discussions could set precedents for cryptocurrency regulation in the United States, impacting the entire industry.

Judgment on CZ and its impact on the market

Another important event is the conviction of Binance founder Changpeng Zhao, known as “CZ”. It was initially scheduled for March 30, but sentencing was postponed until April 30.

Zhao's case, which involves accusations of failing to maintain an effective anti-money laundering program, has made waves in the cryptocurrency market, highlighting the legal challenges facing industry leaders.

Launch the EigenLayer mainnet from EigenLayer

At the end of the month, the cryptocurrency market is eagerly awaiting the launch of EigenLayer's mainnet.

With a major $100 million investment from Andreessen Horowitz and an innovative protocol that allows users to restake Ether, EigenLayer is poised to introduce a new paradigm in Ethereum security and performance. The project's move to mainnet follows a successful testing phase and aims to improve the scalability and functionality of Ethereum.

Economic indicators: Consumer price index for March

Additionally, the US Consumer Price Index (CPI) for March, scheduled for release on April 10, remains an important economic indicator that can influence market sentiment. February's CPI increase kept investors on their toes, reflecting broader economic trends that are indirectly impacting the cryptocurrency market.

In short, April was full of news summarizing the multifaceted nature of cryptocurrency markets – from regulatory challenges and economic indicators to technological developments and market dynamics. These developments highlight the complexity of the sector and its increasing integration into broader financial and regulatory frameworks.