Bitcoin (BTC) closed the week at 3.32%, while Ethereum (ETH) marginally surpassed, closing the week up 4.23% compared to the previous week. The total market capitalization of cryptography increased by 2.3% against $ 3.041 to finish the week to $ 3.113 T.
The week’s liquidation data continue to stay without incident, most days, most total liquidations of less than $ 250 million. Funding rates also highlight the appetite for lowered risks, with funding rates on most cryptocurrency majors falling into the low negative range, perhaps indicating an accumulation of short positions on cryptocurrency majors.
📌 The strategy acquired 15,355 BTC for a total of $ 1.42 billion to an average of $ 92,737 per Bitcoin. – Link
📌 Blackrock has filed an action class fueled by the blockchain known as “DLT shares” for their Treasury’s trustee fund of $ 150 billion. – Link
📌 Coinbase Asset Management announces a new fund which aims to generate a yield of 4 to 8% on Bitcoin Holdings held by Coinbase customers. – Link
Why is it important?
Cryptographic markets continue to climb higher alongside their traditional financing counterparts, despite the growth of the GDP reported negative for the first quarter and apparently little development in the situation of the trade war. The S&P 500 closed the week up 2.13%, while the Nasdaq outperformed, closing 3.13%.
Stablecoins and payments continue to form a dominant crypto story, being one of the rare cases of use proven for the asset class.
📌 Stripe announces a next product of Stablecoin, propelled by Bridge, for companies outside the United States, the EU and the United Kingdom. – Link
📌 Mastercard announces their end -to -end capacities for Stablecoin transactions, with partnerships with OKX, Neuvi, Circle and more. – Link
📌 Paypal is associated with Coinbase to extend the adoption of their stablecoin Pyusd. During the same week, the SEC abandoned surveys on Pyusd. – Link
Why is it important?
The continuous interest of traditional finance giants such as Mastercard and Stripe continue to highlight the growing interest in payments and transactions powered by stablescoin in the world.
📌 Shady Insider Deals between the former founder of movement laboratories, Rushi Manche, and a Voyou market manufacturer for Movement Labs appears after a suspicious price action when it was launched and a binance ban. – Link
📌 Worldcoin presents the global card, allowing verified humans to pass the crypto-to-fiat via the global application wherever the visa is accepted. – Link
📌 The ETH ETH re-application protocol, Etherfi announces Etherfi Ventures, a venture capital fund of $ 40 million, with their first three investments, including Resolv Labs, Rise Chain and Symbiotic. – Link
Why is it important?
The suspect transactions involving the moving token continue to highlight the extractive nature of the bad players in the industry, which makes it unattractive for new entrants to enter the cryptographic space.
Source: https://coinmarketcap.com/chain-ranking/
📌 Fluid (formerly Instadapp), presents Fluid V2, which is designed for modularity to support a variety of Dex, using their intelligent warranty, their smart debt and their range commands. – Link
📌 Balancing presents Mev-Cap Hook, a new hook that captures the MEV by higher costs for BOTS MEV and returns it to liquidity suppliers as a yield. – Link
📌 Hyperliquid announces that their new cost system and the ignition levels will be posted on May 5, which will set negotiation costs depending on the volume of trading and the mid -threading balances. – Link
📌 Jupiter Exchange presents Ultrav2, which provides key innovations, including gas -free exchanges, MEV protection, better identification of scams, optimized and dynamic execution and more. – Link
📌 The stride based on the cosmos introduces Strie Swap, a Dex specially designed to manage all exchanges via IBC Eureka, forming the liquidity foundation of the cosmos. – Link
Why is it important?
DEX Innovation continues to stimulate the improvement of the user experience and an increased option and modularity in the DEFI space, paving the way for more recent and more creative products in the future.
📌 Solana Memecoin, Bonk, LetsBonk.Fun version, a same launchpad which runs part of its costs to secure the Solana network via the Bonksol validator and Bonk Backback and Burns. – Link
📌 Research Protocol on Open Source, we Research collects $ 50 million in a series financing tour led by paradigm, bringing their evaluation to $ 1 billion. – Link
📌 Autonomous IP Blockchain of layer 1, Camp Network, collects $ 30 million in a series A series, led by 1kx Network and Blockchain Capital, with the support of Maven 11, Selini, Okx Ventures and more. – Link
📌 MIDID moves from Polygon, raising 25 million dollars in a financing round led by A16Z Crypto, 1kx Network and Hack VC, with the participation of Symbolic Capital, P2 Ventures and more. – Link
📌 Blockchain L1 of next generation, through, collects $ 14.4 million in a round of funding led by Electric Capital, with the participation of Framework Ventures and Angels, notably Mert Mumtaz and Austin Federa. – Link
📌 The Cosmos-based liquid replenishment platform, Milkyway, opens their milk airline for complaints, which destroyed 10% of their supply to eligible users. Complaints remain open until May 29, 2025. – Link
Source: @Allred_Chase
Just who fucks who here?
This article contains links to third -party websites or other content for information purposes only (“third -party sites”). Third -party sites are not under the control of CoinmarketCap, and CoinmarketCap is not responsible for the content of a third -party site, including without limiting any link contained in a third -party site, or any modification or update of a third -party site. CoinmarketCap provides you with these links only as convenience, and the inclusion of any link does not imply the approval, approval or recommendation by CoinmarketCap on the site or any association with its operators. This article is intended to be used and should be used for information purposes only. It is important to do your own research and analyzes before making important decisions related to one of the products or services described. This article is not intended to be and should not be interpreted as a financial advice. The opinions and opinions expressed in this article are the possessions (of the company) of the author and do not necessarily reflect those of CoinmarketCap. “”
