The cryptocurrency market continues a week full of reward programs, halving events and new ATHs. Ethereum-based layer 2 project Mantle’s bounty program and Bitcoin Cash’s upcoming halving event were among the major developments affecting the market this week. In addition, the STRAX token exchange and GTC update from Binance were among the notable news in the market. Also, the rise of ETFI coin attracted the attention of traders. Here are the details…

MNT announces new program, BCH soars in anticipation of halving

Ethereum-based layer 2 project Mantle climbed to the top with the announcement of the program program called “Mantle Rewards Station”. In a short time, 11,254 people participated in the program, which locked $68 million worth of MNT tokens. It was stated that the program will continue until April 26 and the available Ethena Shards (mShard) reward will be distributed. The MNT price rose 60% after this development, reaching $ 1.47.

Bitcoin Cash (BCH), on the other hand, surged 13% ahead of the halving event on April 4. Blockchain followers note that this event financially preceded the price increases. After the halving, BCH’s block reward will drop to 3,125 BCH. This is expected to tighten supply and push prices up. Bitcoin Cash’s increased open interest in traced loop trades appears to be poised for a potential rise.

ETFI coin, ATH did

Binance Launchpool launched Ether.fi (ETFI) through its token, despite ATH’s general distribution in the market. ETFI, the native token of liquid re-staking protocol Ether.fi, has surged 44% to 8.53 in the last 24 hours. This rise erased the collapse ETFI suffered after the airstrike on March 18. Ether.fi’s total locked asset value (TVL) also recently rose by 3.18 billion, according to deflation systems.

Binance announcements boost STRAX coin

Finally, Binance completed the Stratis (STRAX) token exchange and growth plan on March 28 and opened deposits and withdrawals for the new STRAX token. Following this development, STRAX coin rose by 12 percent. It went up from $ 0.145 to $ 0.165. Binance also announced that the Valid-to-Cancel (GTC) order validity period of U-based and coin-based contracts has been increased to 1. With this update, GTC orders will expire 1 year after they are placed. It’s been a busy week in the cryptocurrency market this week with program schedules, halving events and new ATHs. It remains to be seen how the market will follow in the coming weeks.