Together with | | GM Defiers! | BTC bounced after 929 U.S. institutions, banks, and investment firms revealed spot Bitcoin ETF share holdings exceeding $100 million. The markets also responded bullishly as U.S. inflation sank to a three-year low. | The Solana community has been celebrating the network's revenue surpassing that of Ethereum for the first time. However, the milestone indicates Solana users have been paying high fees amid heavy network congestion. | Plus, Blast delays airdrop but increases allocation, Circle wants to legally domicile in the U.S. ahead of IPO plans, and Ethereum NFTs are tanking as Blur's third airdrop season comes to a close. | ✍️ In today's newsletter: | U.S. institutions bought $10.7B in ETF shares in Q1 Markets bounce on bullish CPI data Solana overtakes Ethereum by daily revenue Blast postpones airdrop Circle wants U.S. domicile for IPO Ethereum NFTs crater as Blur Season 3 ends
| 🙏Sponsored | | 📈 Markets in the last 24 hrs: | TICKER | VALUE | 24 H |
---|
Bitcoin | $66,151 | 7.44 % | Ethereum | $3,017 | 4.68 % | Gold 1st Future | $2,389 | 1.50 % | S&P 500 | 5308.15 | 1.17 % | Arch Web3 | 2.09 | 7.62 % | Learn more about Arch Indices here. | |
| | 🎬WATCH | Check out our latest podcast with Haseeb Qureshi, managing director at Dragonfly Capital. And watch our explainer on using DeFi to borrow crypto. | | How to Borrow in DeFi | Crypto 101 |
|
| | THANKING OUR NEWSLETTER SPONSORS | | NEWSLETTER CONTINUES BELOW | | | Stellar empowers builders to unlock human and economic potential. Explore the new Stellar smart contract platform, Soroban, designed for scale and sensibility. | | Safe{Wallet} is considered the most secure wallet in the web3 space, trusted by Vitalik Buterin and leading projects to safeguard over $100 billion in assets. The smart wallet is widely known for its multisig functionality, offering robust security measures, convenient account recovery, and access to a thriving ecosystem of over 200 integrated apps. | | Stacks is the leading Bitcoin L2 gearing up for the largest update yet with the Stacks Nakamoto Release. Tryout BTCFi, Bitcoin Decentralized Finance Apps Available on Stacks. | | | | Bitcoin bulls were on parade after more than 900 U.S. institutions disclosed spot Bitcoin ETF share holdings exceeding $100 million as of the end of Q1. The firms' holdings equated to $10.7 billion combined, with some experts predicting that will just be the tip of the iceberg as institutions allocate larger sums to the new asset class. | | | The markets were also buoyed by positive inflation data, with the U.S. Consumer Price Index tagging a three-year low. BTC rallied 6% in 24 hours, while ETH bounced 3%, SOL gained 8%. However, the recently surging meme stock sector is pulling back, with GameStop down 35% and AMC dropping 30%. | | | The Solana community has been buzzing after the network beat out Ethereum by daily revenue for the first time. However, the milestone indicates Solana users a paying high fees amid persistent network congestion, with leading Ethereum Layer 2s currently offering far cheaper transactions than Solana. | | |
| | | Are you looking for your next 10X? Then don't miss Consensus 2024 – your exclusive pass to cutting-edge alpha. From humble beginnings during Bitcoin's infancy to now welcoming 15,000+ attendees from 100+ countries, Consensus is the biggest and most established global hub for all things crypto, blockchain and Web3. Celebrating its tenth year, Consensus offers an unrivaled, forward-looking perspective on the future of finance, encompassing digital assets, tokenization, blockchain technology, regulation and policy, startups and beyond. | Meet with investors, builders, founders, creators, developers and brands looking to shape the narrative of the digital revolution. Mark your calendar for May 29-31 in Austin, Texas and don't miss this landmark occasion celebrating a decade of decentralizing the future. | Save 15% with code DEFIANT | READ MORE: Celebrating 10 years of decentralizing the future through discovery, dialogue and dealmaking |
| |
| |
| | | Blast, the controversial Layer 2 network, has pushed its long-awaited airdrop back from May until June 26. However, the project is seeking to quell community backlash with increased airdrop allocations. | | | Circle, the issuer of the second-largest stablecoin, USDC, is seeking to relocate its domicile from Ireland to the United States. The move comes as Circle is readying for an initial public offering after filing for an IPO in January. | | | Many once-popular NFT collections on Ethereum are suffering heavy losses as the third airdrop season for Blur, the top NFT marketplace by trade volume, comes to a close. | | 🌍 ELSEWHERE | U.S. Treasury Says It Wants to Better Money Laundering Regulations Around Crypto, Other Illicit Finance (CoinDesk) PancakeSwap offers to pay off interface fees for Uniswap users (The Block) India's SEBI open to oversight of crypto trade, in contrast to Reserve Bank (Reuters) $20 Million Exploited From Sonne Finance on Optimism (Unchained)
| | 🔥 TRENDING | |
|
No comments:
Post a Comment