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)
π§βπ» #SOL Anza, the developer of Solana, announced that Alpenglow, the largest consensus upgrade proposed to date, has been launched on a test cluster created by the community.
This update allows validator operators to test software designed to transition Solana from its current consensus system, which combines Proof-of-Stake with TowerBFT and Proof-of-History, to a new architecture aimed at significantly reducing finalization time and increasing network responsiveness.
This update allows validator operators to test software designed to transition Solana from its current consensus system, which combines Proof-of-Stake with TowerBFT and Proof-of-History, to a new architecture aimed at significantly reducing finalization time and increasing network responsiveness.
π #BTC climbed from the high-$77Ks to low-$82Ks as spot demand and futures activity strengthened. Momentum cooled near highs, while options markets continued pricing elevated uncertainty.
π± Senator Bernie Moreno states that the "banking cartel is in full panic mode" over the Crypto Clarity Act. He criticizes banks for treating deposits like personal piggy banks, profiting from lending while offering minimal returns to depositors. Moreno argues that the emergence of innovative stablecoins poses a threat to their monopoly, prompting banks to lobby Congress with concerns about economic growth and financial stability. #stablecoin
π₯1
πΊπΈπ $XRP spot ETFs hit $1B AUM. The price barely flinched.
7 spot XRP ETFs are now trading in the US. Combined, they have $1B AUM with 847.9M tokens locked.
$34.2M of fresh inflows occurred this week alone, while the price remains stuck near $1.40.
Demand is being absorbed without a rerating, indicating either patience or a coiled spring.
7 spot XRP ETFs are now trading in the US. Combined, they have $1B AUM with 847.9M tokens locked.
$34.2M of fresh inflows occurred this week alone, while the price remains stuck near $1.40.
Demand is being absorbed without a rerating, indicating either patience or a coiled spring.