Crypto Market Pulse Weekly - 💸 BlackRock’s IBIT overtook Grayscale’s GBTC as the largest U.S. Spot Bitcoin ETF by…
Crypto Market Pulse Weekly - 💸 BlackRock’s IBIT overtook Grayscale’s GBTC as the largest U.S. Spot Bitcoin ETF by AuM; PYUSD launched on SolanaBlackrock’s IBIT overtook Grayscale’s GBTC as the largest U.S. Spot Bitcoin ETF; Bitcoin ETPs held more than 1 million BTC; PayPal’s stablecoin (PYUSD) launched on Solana.Quick Take
Weekly Market IndexAll three crypto market indices decreased last week. Price index decreased by -1.01%, while volume and volatility indices decreased more drastically by -33.07% and -34.96%, respectively. Volume changes were led by DOGE (-44.95%), while volatility changes were led by ETH (-73.89%). Chart of the WeekBlackRock’s IBIT overtook Grayscale’s GBTC as the largest U.S. Spot Bitcoin ETF in terms of the number of BTC held on 29 May. As of 31 May, IBIT held 287,381 BTC ($19.5 billion), more than GBTC’s 285,689 BTC ($19.4 billion). This coincided with news that Blackrock added IBIT into its income and bond-focused funds in Q1 2024. Weekly PerformanceBTC and ETH decreased by -1.3% and -1.6%, respectively, in the past seven days. The price action for other selected top market cap tokens was mostly negative. ETC (-9.6%) led the drop while LINK (+5.3%) led the gains. Selected key categories were mixed in terms of market capitalisation changes in the past seven days, with the artificial intelligence category leading gains. Notable Token UpdatesNews Highlights
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Catalyst CalendarWe’re all ears.Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you! AuthorResearch and Insights Team Disclaimer:The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.Thank you for reading! We hope you find Market Pulse, our new weekly market insights newsletter enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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NFT & Blockchain Gaming Weekly - 📉 Ethereum NFTs market declines while Milady thrives.
Monday, June 3, 2024
Ethereum NFT volatility: Milady thrives, but market declines. Yuga Labs halts future CryptoPunks projects. Azuki and Magic Eden unveil dual-chain NFT hoodie collection. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Crypto Market Pulse Weekly - 💸 U.S. SEC approved 8 U.S. Spot Ether ETFs
Monday, June 3, 2024
US SEC approves 8 spot Ether ETFs. Open interest of ETH futures reaches new record high. Bitcoin and Ether ETPs expected to debut on London Stock Exchange on 28 May ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 💸 Solana allocates 100% of priority fees to validators; Nomura explores stablecoin issuance …
Monday, June 3, 2024
Solana passes a proposal to allocate all priority fees to validators. Nomura explores stablecoin issuance in Japan. Maple Finance launches Syrup providing institutional yield. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly – 🎮 Gaming collections led NFT sales; Loaded Lion: Mane City releases competitive …
Monday, June 3, 2024
Gaming-related NFTs led sales volume last week. ENS domains proposes ENSv2 to extend ENS to Layer-2s. Yuga Labs unveils new development of BAYC including a 'Project Dragon' game. ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 🏇 The landscape of liquid staking on Solana has shifted; DTCC & Chainlink completed a pilot …
Wednesday, May 22, 2024
The landscape of liquid staking on Solana has shifted. ZkSync announces the final upgrade before it hands over the governance to the community. LayerZero concluded the sybil self-reporting phase. ͏ ͏ ͏
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