BREAKING: 💰 7 Day Bitcoin Hashrate falls to 579 EH/s, down 11.3% from its pre-halving peak
@CryptoWorldAnalysis
🪙 ETH supply is growing at its fastest daily rate since the Merge, as the amount of fees burned has plummeted following the Dencun upgrade — link
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🏦 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 — link
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📊 Data on ETH inflows from CEXes show Arbitrum One is the leading L2 for ETH deposits, accounting for 75% of all ETH inflows into L2s as of May 2024 — link
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🇺🇸 U.S. spot 💰 Bitcoin ETFs saw +$217.3m net inflows this Monday. Second consecutive inflow day for $GBTC — link
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📊 Safe witnessed an all-time high in most usage metrics in Q1’24. It's wallet product saw 1.6m monthly active accounts in Q1’24, up 181% QoQ and over 2.2m Safe smart accounts were newly created in Q1’24, up 124% QoQ — link
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💰 Grayscale (GBTC) Daily BTC Flows: +63.1m, first inflow since ETF conversion — link
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💰 Bitcoin miners feel the pain as hashprice dips to new all-time lows of below $45/PH/Day 📉
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📊 DeFi lending & borrowing protocols have seen a resurgence in activity.
Borrowing volume has grown almost 250%, from $3.3 billion in Q1 2023 to $11.5 billion by the end of Q1 2024 — link
@CryptoWorldAnalysis
💰 Approximately $175B worth of Bitcoin are now held by ETFs, countries, public and private companies — link
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🪙 Since the beginning of March, there has been a sharp rise in ETH staking outflows (dark blue) — link
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💰 TRX transfers and USDT transactions continue to represent the bulk of transactions on TRON, combining for over 76% of transactions in Q1 — link
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💰 "Bitcoin on-chain dynamics are decidedly positive" after the halving, with strong exchange outflows and record ETF inflows suggesting healthy market absorption, according to Bitfinex
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🟠 During Q1 DEX volumes on BNB Smart Chain hit quarterly highs not seen since Q4 2022. On average, there was $1.1 billion traded daily on DEXs — link
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💰 On the 20th, post-halving, ~$80M was spent on Bitcoin transaction fees. More than triple the previous all-time high — link
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💰 Bitcoin price typically stagnates for a few months post-halving before a major price increase
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💰 Bitcoin Network hashrate has dropped by almost 100EH since the Bitcoin halving
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🔵 Base had 81 million Transactions last month, 30% of April's Total Transaction Count — link
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📊 More than 90% of stablecoin transaction volumes aren’t coming from genuine users according to Visa data filtering out bots and large traders.
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🔵 Base is onboarding 50k-100k new crypto users a day, with approaching 9m users total — link
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🟢 Tether's Q1 2024 report details significant financial growth and increased transparency:
⚫A record Q1 net profit of $4.52bn, mainly from US Treasury holdings and gains in Bitcoin and Gold
⚫For the first time, Tether disclosed a net equity of $11.37bn, showcasing enhanced transparency
⚫90% of Tether-issued tokens are backed by cash and cash equivalents, ensuring robust liquidity
⚫Its strategic investments exceed $5bn in areas like AI and renewable energy
🤝 @Cryptocurrency_Inside ✅
BREAKING: 💰 Hashprice reaches all time low of $46.55/PH/Day, down 74% from its post-halving peak! ⚡️
@CryptoWorldAnalysis
💰 The share of Bitcoin perpetual futures traded during APAC opening hours (1am-8am UTC time) has increased to 26%, up from 21% in the months preceding the CFTC’s lawsuit against Binance in early 2023.
The share of trading during US opening hours has decreased slightly from 48% to 46% — link
@CryptoWorldAnalysis
💳 New Visa dashboard shows that Solana💰 has significantly more stablecoin transactions than any other blockchain.
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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 — link
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🔵 Base DeFi is continuing its climb upwards. TVL is now over $1.6B, nearly a 100% increase in 1 month — link
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⚡️ PORTAL seems to be cooking up some new things with their new launchpad
The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket 🤑
Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game
$SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale➡️ https://launchpad.portalgaming.com
⏺Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase.
The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE.
✖️ Portal Twitter: https://twitter.com/Portalcoin
✖️ SOMO Twitter: https://twitter.com/playsomo