Bitcoin (BTC) closed the week at 4.99%, while Ethereum (ETH) was held strong, which ends the week only 0.56% compared to the previous week. The total market capitalization of cryptography dropped by 3.21%, compared to $ 3.645 T to close the week at 3.532 T $.
Despite a lower market, liquidations remain relatively silent, with long liquidations culminating at $ 293 million on Thursday. The financing rates are reversed by the previous week, falling in the ranges with a figure on the cryptocurrency majors.
📌 Michael Saylor’s strategy acquired 4,020 BTC for $ 427 million at an average price of $ 106,237 per Bitcoin. – Link
📌 Strive Asset Management announces a private investment of $ 750 million in the company, with an additional $ 750 million with the exercise of mandates, making it one of the largest Bitcoin cash companies. – Link
📌 GAMESTOP announces its acquisition of 4,710 BTC. – Link
Why is it important?
This week once again saw a divergence in the cryptographic and traditional markets, but this time with the crypto stepped while traditional actions rose above. The S&P 500 is up 1.27% during the week, while the NASDAQ climbed 1.22%. Perhaps the move of the week is a reversion to signify the gap compared to the previous week where the crypto pushed higher against a more lower traditional market.
The notable Altcoin sub-performatives of this week included WalletConnect (WCT), Saros (Saros), SAFE (SAFE) and SPX6900 (SPX).
See CMC Gaires & Losers Board
The accent focused on this week on Sharplink, the newly trained “microstrategy of Ethereum”, led by Joseph Lubin of consensys and main participants in the industry.
📌 Sharplink Gaming announces a private investment of $ 425 million to launch an Ethereum cash strategy. The investment is led by consensys, with other investors, including Pantera, GSR and more. – Link
📌 Sharplink could create a speculative vehicle so that traditional finances are betting on ETH while also removing an important ETH ETH offer. – Link
📌 Critics question the nature of ETH’s demand, quoting that Sharplink is still from Crypto, while institutional demand remains weak, as shown in Flows ETF. – Link
Why is it important?
SharpLink marks the first important company of Ethereum Treasury, which could arouse new interest in Ethereum after its last two years of sub-performance.
📌 ZKSYNC presents Privium, their latest battery to offer business quality confidentiality and integrated compliance with manufacturers. – Link
📌 Coinbase releases CDP V2 portfolios, giving developers a “total control” on the behavior of the portfolio while leaving the safety of private keys to the Coinbase confidence execution environment. – Link
📌 The co -founder of the polygon, Mihailo Bjelic, descends from the polygon laboratories and the map of the Polygon Foundation. – Link
Why is it important?
Business quality solutions continue to be at the center of many cryptographic projects, the center of this cycle being strongly on institutional integration and adoption.
Source: https://coinmarketcap.com/chain-ranking/
📌 Loan protocol, Euler Finance, introduces Eulerswap, a DEX with boosted yields on the loan, just deeper liquidity and native support for the use of liquidity pool positions as guarantee. – Link
📌 Gamma Strategies presents their DEX chain limit command notebook built exclusively on Uniswap V4. – Link
📌 Tend the agricultural protocol, Alpaca Finance, announces plans to end. – Link
Why is it important?
Dexes continue to innovate, in particular with the use of loans to generate yields for LP depositors and the use of LPS as collateral for loans, which was first carried out by Fluid (by Instadap).
📌 CIRCLE freezes $ 57 million in USDC linked to the team behind the launch of the Memecoin balance within the framework of the legal proceedings. – Link
📌 Cryptographic payment infrastructure, led, collects $ 36 million in a series A round of funding led by Dragonfly and Altos Ventures, with other investors, including Sound Ventures, Circle Ventures and more. – Link
📌 The web3 browser, Donut, collects $ 7 million in a pre-series round led by Hongshan (formerly Sequioa CN), Bitkraft and Hackvc, with the support of providential investors. – Link
📌 Payment infrastructure project based on blockchain, Beam, collects $ 7 million in a financing cycle, with the participation of Castle Island Ventures, Archetype Ventures, Bankless Ventures and more. – Link
📌 Channel focused on stables, plasma, announces their sale of XPL tokens, which will sell 10% of the offer of tokens at $ 500 million FDV. The allowances will be determined by user deposits, which will open on June 9. – Link
📌 The chain analysis platform, Nansen, announces Nansen points season 1: activation, with June 17 as the start date. – Link
📌 Consumer Crypto Chain, Sophon, opens complaints for the Soph Token Airdrop, distributing 9% of the tokens supply to eligible users. Complaints remain open for 60 days. – Link
Source: @izebel_eth
James Wynn’s generational escape will be studied for the coming years.
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