🏛️BTC and ETH balances on centralised exchanges saw a 3-year low; SEC Chairman sees U.S. Spot Ether ETF S-1 appro…
🏛️BTC and ETH balances on centralised exchanges saw a 3-year low; SEC Chairman sees U.S. Spot Ether ETF S-1 approvals in summer 2024BTC and ETH balances on centralised exchanges saw a three-year low; SEC Chairman sees U.S. Spot Ether ETF S-1 approvals in summer 2024; Australian Securities Exchange approved first spot Bitcoin ETFQuick Take
Weekly Market IndexPrice and volume indices decreased by -4.10% and -4.14% last week, while volatility index increased significantly by +145.31%. Volatility changes were led by ONDO (+243.74%), ETH (+230.21%) and BTC (+139.18%). Chart of the WeekData suggested that both BTC and ETH balances in centralised exchanges hit a three-year low. As of 16 June 2024, total BTC balance was 2.8 million ($188 billion), down 15% from three years ago. The total ETH balance was 16.7 million ($60 billion), down 49% from three years ago. Withdrawal from centralised exchanges may be interpreted as bullish as investors may have less tendency to trade their BTC or ETH balances for other assets. Weekly PerformanceBTC and ETH decreased by -4.5% and -2.9%, respectively, in the past seven days. The price action for all selected top market cap tokens was negative except LDO (+12.2%). ICP (-14.6%) led the drop. Selected key categories were all down in terms of market capitalisation changes in the past seven days, with the artificial intelligence category leading the drop. 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 & Gaming Weekly – 📈Telegram Tap-to-Earn Games Boost TON Transactions
Friday, June 14, 2024
Telegram tap-to-earn games boost The Open Network (TON) transactions. Uniswap Labs acquires Crypto: The Game. South Korea redefines NFTs under new regulatory guidelines. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 📦 Ethereum blob usage shifted; Paxos launched a new stablecoin USDL
Thursday, June 13, 2024
Ethereum blob usage shifts with Taiko becoming one of the biggest consumers. Paxos launches a yield-bearing stablecoin USDL. ZKsync announces its airdrop plan. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🇮🇪 Crypto.com Received VASP Registration from Ireland; Open interest of BTC futures in exchanges reached record …
Tuesday, June 11, 2024
Open interest of BTC futures in centralized exchanges reached record high; Ripple partners with National Bank of Georgia to digitise local economy; Thailand SEC approved first Spot Bitcoin ETF ͏ ͏ ͏ ͏
NFT & Gaming Weekly – 🍷 Digital Fine Wines Launch on Crypto.com NFT, Ethereum NFTs Traders Hit Two-Year Lows
Friday, June 7, 2024
InterCellar 'En Primeur' fine wines launched on Crypto.com. Ethereum NFT traders reached the lowest. MetaMask released a new feature to launch games from its portfolio interface. ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 💪 The stablecoin market showed robust activity with $846 billion on-chain trading volume in …
Wednesday, June 5, 2024
The stablecoin market showed robust activity in May. Ethena Labs integrated its USDe and sUSDe into the Blast L2. Linea L2 halted block production due to a security incident from the Velocore. ͏ ͏ ͏ ͏
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