Crypto Clips - Crypto Alpha, Secrets & News

💰 Bitcoin ETF Hype Dies Down, Normalcy Sets In The initial euphoria for the spot bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from Grayscale's Bitcoin Trust (GBTC). On last Friday and again on Monday, Fidelity’s Wise Origin Bitcoin Fund (FBTC) had inflows of $0, breaking its streak of daily additions that started at launch on January 11. That leaves BlackRock’s iShares Bitcoin Trust (IBIT) as the only spot bitcoin ETF left that's experienced an unbroken string of inflows since the vehicles began trading. Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

Ethereum game 'The Machines Arena' launching on Epic Games store and Android next week after a year in closed beta — link | tl;dr

EigenLayer removed LST caps, opened LST restaking — link

💰 Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says While there has been a lot of noise about how much assets under management (AUM) bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now becoming obvious that these ETFs are driving additional demand for the underlying cryptocurrency itself, broker Canaccord Genuity said in a research report on Monday. The broker held its 2024 Digital Assets Symposium last Thursday and hosted leaders from 29 crypto-related companies. Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

PayPal removes buyer and seller protections for NFTs — link | tl;dr

Homium raises $10m and tokenizes home equity loans on Avalanche — link | tl;dr

Layer 2s saw a significant increase in on-chain profits in March. Net on-chain profits reached $44 million, 4 times more than February — link

Decentralized exchange CVEX raises $7 million ahead of upcoming mainnet launch — link | tl;dr

Solana DEX Drift to airdrop 100M tokens in weeks — link | tl;dr

DePIN project SendingNetwork raises $7.5 million from Balaji Srinivasan and others — link | tl;dr

Ethereum liquid restaking protocol Puffer Finance reaches $200 million valuation in new token funding round — link | tl;dr

💰 Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein Bitcoin miners are increasingly facing off against a new foe to contend with ahead of this week’s halving: the AI boom. Bitcoin miners are largely centralized operations that mint new digital coins. To do so, a Monday report explains, they need to use a lot of computers and therefore energy. Meanwhile, the booming AI industry is also power-hungry. Both industries look to places like Texas, which has cheap energy and lots of land to build data centers. Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

OKX launches new Layer 2 on mainnet, aims to bring 50 million users on-chain — link | tl;dr

Layer 2's total value locked (TVL) surged 24.4% month-on-month, with Arbitrum One and Base driving a $5.7B increase of the total $8.4B rise in TVL — link

Uniswap volumes approach $3 billion despite Wells Notice — link | tl;dr

💰 Bitcoin back above $66k after weekend of panic selling The digital asset ecosystem experienced a shaky weekend, with Bitcoin plummeting to around $65,000 from its $70,000 trading price on Friday, April 12. The downward trend continued into the weekend, with Bitcoin further declining to $60,800 amidst geopolitical tensions in the Middle East on Saturday evening. However, following a reduction in tension and the approval of Hong Kong ETFs Bitcoin has recovered back above $66,000. Source 💰 @BitcoinNews 🔵 @EthereumNews 🍰 @AltcoinNews ⚫️ @TradingNews ⚫️ @MetaverseNews 📊 @StockNews

Bitkraft and Hashed lead $10 million round for crypto gaming studio Avalon — link | tl;dr

Adidas partners with crypto fitness app Stepn, both NFTs and merch coming — link | tl;dr