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JUST IN: 🇺🇸 US Senator Cynthia Lummis says high ranking government officials feel threatened by 💰 Bitcoin because they can’t control it
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ETH continues to display weakness compared to BTC, with the ETH/BTC ratio declining to 0.0485, its lowest since April 2021 — link
💰 Fidelity’s FBTC spot Bitcoin ETF surpasses 150,000 BTC within three months
Fidelity’s FBTC spot Bitcoin exchange-traded fund has officially crossed 150,000 in assets under management. The newborn-nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — total more than 520,000 BTC. Fidelity’s FBTC has amassed a total of 150,563 BTC in assets — worth around $10.1 billion at current prices — according to the funds’ latest disclosure. Of the newborn-nine ETFs, BlackRock’s IBIT currently leads with 263,937 BTC ($18.5 billion) and Ark Invest 21Shares’ ARKB is third with 43,726 BTC ($3.1 billion), according to CoinGlass data.
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In Q1 2024 the dapp industry saw an increase of 77% in its usage, in comparison to the previous quarter, reaching 7 million daily Unique Active Wallets — link
All points converted into $ESE are already available to check — your TGE allocation at https://eesee.io/challenges/main
Jito's stake pool reached an all-time high of 9.3M SOL in TVL ($1.8B) and its stakers received a record ~4,750 SOL in MEV rewards in March — link
💰 BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes
The Bitcoin halving this month, combined with a “bag of tricks” from the Federal Reserve and Treasury, will “add propellant to a raging firesale of crypto assets” and depress the crypto market for weeks, says BitMEX co-founder Arthur Hayes. In an April 8 blog post, Hayes wrote he believed the Bitcoin halving would “pump prices in the medium term” but warned crypto prices “directly before and after could be negative.”.
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