π According to the Sealaunch dashboard, Uniswap v4 Hooked Pool trading volume exceeded $2 billion over the past week, reaching a new all-time high. Among them, Sato Hook recorded $66 million, Angstrom recorded $63 million, and Uniswap recorded $41 million.
π° #BTC Bitcoin Is Once Again Being Sold at Sustained Profits
βBitcoin is absorbing profit-taking without immediate deterioration in price structure. Coins are being realized at a profit, but the market has shown sufficient absorption capacity so far.β
βBitcoin is absorbing profit-taking without immediate deterioration in price structure. Coins are being realized at a profit, but the market has shown sufficient absorption capacity so far.β
ππ° CoinShares reported that digital asset investment products saw $857.9 million in inflows last week, raising total assets under management (AuM) to $160 billion.
$BTC led with $706.1 million in inflows, while $ETH, $SOL, and $XRP recorded inflows of $77.1 million, $47.6 million, and $39.6 million respectively.
Short-Bitcoin products experienced $14.4 million in outflows, the largest this year.
$BTC led with $706.1 million in inflows, while $ETH, $SOL, and $XRP recorded inflows of $77.1 million, $47.6 million, and $39.6 million respectively.
Short-Bitcoin products experienced $14.4 million in outflows, the largest this year.
π° #USDC Circle attracts $222 million from BlackRock, Apollo, and others in the presale of Arc tokens worth $3 billion.
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π€ Ronin to Migrate From Gaming Sidechain to OP Stack Ethereum Layer 2 on May 12
Ronin will transition from an independent gaming sidechain to an Ethereum Layer 2 network based on the OP Stack on May 12, ending its operation as a standalone sidechain since 2021.
The migration is expected to cause around 10 hours of downtime and will reduce RON annual inflation from over 20% to below 1%.
Ronin was previously hit by a roughly $625 million bridge exploit in 2022, one of the largest cross-chain bridge hacks in DeFi history. #hack
Ronin will transition from an independent gaming sidechain to an Ethereum Layer 2 network based on the OP Stack on May 12, ending its operation as a standalone sidechain since 2021.
The migration is expected to cause around 10 hours of downtime and will reduce RON annual inflation from over 20% to below 1%.
Ronin was previously hit by a roughly $625 million bridge exploit in 2022, one of the largest cross-chain bridge hacks in DeFi history. #hack
π° #ETH #BTC Bitmine (#BMNR) announced that its ETH reserves have reached 5.21 million coins. They have decided to slow down the pace of weekly asset accumulation, as they initially planned to reach the goal of "5% of the total ETH supply" by the end of 2026.
Meanwhile, Strategy acquired 535 #BTC last week.
Meanwhile, Strategy acquired 535 #BTC last week.
π° #XRP Ripple Prime has secured a $200 million loan from Neuberger Specialty Finance.
πΊπΈπ USA - Existing Home Sales (Apr) = +0.2% m/m (exp +2.1% / prev -3.6%)
πΊπΈπ Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: -3,685 $BTC (-$298.89M)
7D NetFlow: +7,287 $BTC (+$591.04M)
Ethereum ETFs:
1D NetFlow: -6,492 $ETH (-$15.1M)
7D NetFlow: +24,921 $ETH (+$57.97M)
Solana ETFs:
1D NetFlow: +70,721 $SOL (+$6.76M)
7D NetFlow: +451,400 $SOL (+$43.15M)
Bitcoin ETFs:
1D NetFlow: -3,685 $BTC (-$298.89M)
7D NetFlow: +7,287 $BTC (+$591.04M)
Ethereum ETFs:
1D NetFlow: -6,492 $ETH (-$15.1M)
7D NetFlow: +24,921 $ETH (+$57.97M)
Solana ETFs:
1D NetFlow: +70,721 $SOL (+$6.76M)
7D NetFlow: +451,400 $SOL (+$43.15M)