Crypto | Ethereum | Bitcoin

📊 Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase Galaxy reported an assortment of VC investment data, including nearly $2.5 billion invested in the first quarter, on May 3. Crypto firms attracted funding across 603 deals during the period, representing 29% growth in dollar value and 68% growth in deal count quarter-over-quarter. The growth represents the first increase by both measures in three quarters, though Galaxy emphasized that future quarters will show whether the trend can continue. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 Bitcoin miner CleanSpark records highest single mining day in April in post-halving report CleanSpark has released its first monthly unaudited Bitcoin mining and operations update since the halving. The company exceeded 17 EH/s in hashrate, mining an impressive 721 BTC with a record daily high of over 48 BTC. CEO Zach Bradford highlighted the company’s monthly gains in efficiency metrics as they deploy advanced S21 machines across their expanding facilities. These improvements have amplified mining output and optimized operational costs. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States. The X account further announced that an additional cohort of over 40 apps will integrate into the BOB ecosystem within the next two to three weeks. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 Bitcoin options positioning anticipates summer slowdown, analyst says Bitcoin derivatives traders are positioning themselves for a summer lull in market activity, according to an analyst. According to Kooner, bitcoin implied volatility has dropped significantly since mid-April. This can also be seen in charts from The Block's Data Dashboard, which show the implied volatility of bitcoin at-the-money options falling from over 77% to under 60% for one week, one month and multi-month expires. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

🪙 Tether reports record $4.52 billion profit in Q1 despite shrinking market share Stablecoin issuer Tether (USDT) achieved a historic net profit of $4.52 billion in the first quarter despite facing a significant drop in market share. According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

📉Crypto scams hit historic low in April, plummeting 68% Crypto-related exploits and scams plummeted 68% in April compared to the previous month, reaching a historic low of $25.7 million, according to blockchain security firm CertiK. A breakdown of the incidents showed that the bulk of the losses, totaling $21 million, stemmed from exploits targeting blockchain protocols. Additionally, users suffered losses of $4.3 million due to exit scams and rug pulls orchestrated by malicious founders, with flash loans contributing a nominal $129,000 to the overall figure. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply Celsius Network burned its CEL holdings, representing the majority of the token supply, on April 30. Etherscan indicates the company burned 652.2 million CEL by sending it to a null address. The burned amount represents 94% of the previous total supply, which amounted to 692.8 million CEL, valued at roughly $83.2 million at current market price. The transaction originated from a wallet controlled by Celsius, based on Arkham Intelligence data. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 Ripple teams up with HashKey DX on blockchain-based supply chain finance in 🇯🇵 Japan Crypto firm Ripple is expanding its XRP Ledger (XRPL) enterprise solutions to Japan through a strategic collaboration with HashKey DX, the Tokyo-based specialized consulting company of the HashKey Group, according to an April 30 statement. In this partnership, HashKey DX will work alongside Ripple and SBI Ripple Asia—a collaboration between SBI Holdings and Ripple—to develop and implement supply chain finance solutions tailored for the Japanese market. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

💰 Bitcoin testnet griefing attack generates three years worth of blocks in one week, frustrating developers A griefing attack on the Bitcoin testnet network disrupted its normal functioning. A griefing attack is when someone intentionally spams transactions on a network, increasing its workload and throwing off its usual operations. Griefing attacks often frustrates other network users, as it's harder to run applications on top of the system, while not financially benefiting the attacker. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹

📊 Tether, USDC and DAI transaction volume surpasses Visa's 2023 monthly average: Nansen Crypto's three largest stablecoins — Tether , USDC and DAI — have seen higher volumes in the past 30 days than Visa’s average monthly total from last year, according to onchain specialist Nansen. Nansen data showed that the largest stablecoin by market capitalization, Tether, processed $654 billion in the past 30 days, while DAI managed over $394 billion of flows and USDC saw $321 billion in trading volume. Source 🔹 @Crypto_Ethereum_Bitcoin 🔹