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Digital asset investment products saw inflows for the first time in five weeks totalling $130m. Regionally, the US saw the majority of inflows totalling $135m, with incumbent Grayscale seeing the lowest weekly outflows since January

Total valuation of L2s over ETH : Market cap : 4.6% FDV : 13.4% And then you must add zkSync, Blast, Scroll, Linea, Aztec, etc. It looks high on FDV, but not stupid neither, imo.

Coinbase saw trade volume in Q1 more than doubled to $312 billion, with institutional volume increasing faster than retail, accounting for 82% share of the total

Chinese scholars generally agree on the property attributes of Bitcoin and summarize: Bitcoin and digital currency has a relatively small space for legal order in China, but it is not completely banned. It is not a contraband. In fact, it can be traded and has economic value, so it can be recognized as property.

US spot Bitcoin ETFs saw a +$378.5m net inflows today. It is the first positive net flow day since April 23rd, and the largest net inflow day since March 26th. Largest inflow day since inception for $

Grayscale (GBTC) Daily BTC Flows: +63.1m, first inflow since ETF conversion

U.S. spot Bitcoin ETFs recorded $563.7m outflows on Wednesday, largest daily net outflows ever 😭😭😭

Approximately $175B worth of Bitcoin are now held by ETFs, countries, public and private companies

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Bitcoin fell to $57,000, a 24-hour drop of 9.3%. Reuters noted that Bitcoin had its worst monthly performance since late 2022 in April. Investors' belief that the Federal Reserve may not cut interest rates this year has dealt a blow to interest-rate-sensitive assets such as cryptocurrencies.

The current meta is not to long the new coin launches anymore but rather to short them. Here are their drawdowns from their top : $W : -64% $MERL : -55% $OMNI : -57% $ENA : -47% $ZEUS : -56% $SAGA : -53% $TNSR : -60% $GMRX : -79% $APRS : -73% $PRCL : -38%

CZ sentenced to 4 months in prison

Yuga Labs will undergo a restructuring, layoffs and accept voluntary departures, and will focus on game development for 3D Otherside. Spinning off HV-MTL and Legends of the Mara (both of which were earlier acquired by Faraway). BAYC reached an all-time high of 153.7 ETH in May 2022 and is currently down nearly 90%.

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While the U.S. consistently accounts for the lion’s share of stablecoin purchases, global demand is increasing, with a diverse representation of nations and regions contributing to over $40 billion in purchases in March 2024 alone 📈

Hong Kong bitcoin and ether ETFs to start trading April 30

Among offshore markets Binance’s 🟠BTC market share currently stands at approximately 55%, down from over 80% a year ago 📉 Bybit saw the strongest increase in market share this year, growing from 2% to 9.3%. OKX’s market share also jumped to 7.3% from 3% a year ago 📈

Update on the total MC/FDV of the coins launched since last cycle Bullish or not? 🤔

Aggregated size of a few categories FYI Custom made so some inclusion/exclusion might be subject to debate. ($NEAR+$PRIME included in AI, $ENA not included in RWA, $WLD not included in AI bcs of FDV)

Transactions on the TON network have been up over 100% since mid-March, and TON is closing in on the BNB chain in terms of transactions per day