Crypto Market Pulse Weekly – ₿ Bitcoin Hits Record Daily Number of Transactions
Crypto Market Pulse Weekly – ₿ Bitcoin Hits Record Daily Number of Transactions$BTC hits record daily number of transactions. Spot $BTC and $ETH ETFs to start trading in Hong Kong on 30 April. Franklin Templeton listed its Spot Ether ETF on US DTCC.Weekly Market IndexAll three crypto market indices dropped last week. Price index dropped slightly by -0.69%, while volume and volatility indices decreased more drastically by -33.04% and -44.54%, respectively. Bitcoin (BTC) fluctuated around the US$67,000 level mid-week before dropping to settle at the $63,500 level over the weekend. This coincided with the US announcing Q1 GDP growth of 1.6% QoQ, well below market expectations. At the same time, the core personal consumption expenditures price index (core PCE), which is often an inflation gauge, rose 3.7% in Q1, above the Fed’s 2% target. Ethereum (ETH) increased to $3,300 level over the weekend, which coincided with reports on Franklin Templeton’s ETH spot ETF emerging on the US Depository Trust and Clearing Corporation list. US Spot Bitcoin ETFs had a week of net outflow totalling US$328 million, topping last week’s $204 million net outflow. Grayscale Bitcoin Trust ETF’s (GBTC) weekly net outflow settled at $454 million last week, similar to a net outflow of $458 million the prior week. Chart of the WeekBitcoin hits a daily record number of transactions of 927,010 on 23 April, three days after the fourth Bitcoin halving. The previous peak was in December 2023 when the number of transactions hit 730,000. This is attributed to the Runes protocol, which accounted for 81% of the transactions on 23 April, and a total of 57% of all Bitcoin transactions since its launch. Weekly PerformanceBTC fell slightly by -1.6% while ETH increased by +5.0% in the past seven days. The price action for other selected top market cap tokens was mostly negative. ICP led the drop while OP led the gains. All selected key categories were down in terms of market capitalisation in the past seven days, with gaming leading the drop. News Highlights
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NFT & Blockchain Gaming Weekly - 📈 Runes Dominated BTC Transactions Post-Halving
Friday, April 26, 2024
Runes Dominated BTC Transactions Post-Halving. Telegram to tokenise stickers & emojis as NFTs. ApeCoin price drops 66% amid BAYC decline. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Crypto Market Pulse Weekly - ₿ Bitcoin Halving Sparks Frenzy as Runes Protocol Launches
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Bitcoin completed the fourth halving on 20 April. Runes protocol launched on Bitcoin causing record fees. $7.5bn. SingularityNet, Fetch.ai, and Ocean Protocol AI merger approved. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL
Wednesday, April 17, 2024
Ondo Finance tests instant conversion between BlackRock's BUIDL and USDC. Ethereum's Pectra upgrade to introduce smart contract functionality to wallets. EigenLayer removes staking caps on LSTs
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