Market Data for This Week

Monday
CA - New Housing Price Index (MAR)
JP - Jibun Bank Services PMI

Tuesday
US - S&P Services PMI (MAR)
US - S&P Manufacutring PMI (MAR)
US - New Home Sales (MAR)
UK - S&P Composite PMI (MAR)
EU - HCOB Composite PMI (MAR)

Wednesday
US - Durable Goods (MAR)
US - Crude Inventories
CA - Retail Sales (FEB)
GER - Ifo Business Climate (APR)

Thursday
US - Jobless Claims
US - GDP (Q1)
EU - ECB Economic Bulletin
JP - BoJ Interest Rate Decision

Friday
US - PCE Inflation (MAR)
US - Personal Spending (MAR)
US - UMich Inflation Expectations (APR)

Digital Asset Fund Flows - Weekly

- Experienced total outflows of $206M; second week of outflows.

- Trading volumes in ETPs slightly dipped to $18Bn, with a decrease in percentage of total bitcoin volumes (now at 28% compared to 55% a month ago).

- Negative sentiment was primarily observed in US ETFs, with $244M outflows, while Canada and Switzerland saw inflows of $30M and $8M respectively.

Mt. Gox creditors report that the trustee’s rehabilitation claims system has been updated with amounts of bitcoin and bitcoin cash to be repaid and the completion date for repayment. (New deadline October 2024)

Two SEC lawyers resign after agency censured for abuse of power in crypto case - BBG

Bitcoin Spot ETF Flow - 22nd Apr. 2024

- Net inflows for all the Bitcoin ETFs; +$62.2M

- Grayscale had an outflow of -$35M

Magpie Protocol Exploited

Be careful because there are a lot of scam links taking advantage of this situation.

Stay safe!

Transactions on the TON network have been up over 100% since mid-March.

Bitcoin Spot ETF Flow - 23rd Apr. 2024

- Net inflows for all the Bitcoin ETFs; +$31.6M

- Grayscale had an outflow of -$66.9M

Hong Kong bitcoin and ether ETFs to start trading April 30

Bitcoin Spot ETF Flow - 24th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$120.6M

- Grayscale had an outflow of -$130.4M

SEC postpones decision on listing and trading spot Bitcoin ETF options until May 29th.

Bitcoin Spot ETF Flow - 25th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$217.6M

- Grayscale had an outflow of -$139.4M

Base DeFi TVL is now close to $1.6B, nearly a 100% increase in 1 month.

Bitcoin Spot ETF Flow - 26th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$83.6M

- Grayscale had an outflow of -$82.4M

The market is correcting, and we've had another week where total Bitcoin ETF flows were negative.

Sentiment is declining, and we're also seeing people capitulate.
You know what that means....

SO NOW is the moment to unite our forces and ignite the preparations for the long-awaited hot phase.

What we've seen in terms of top performers in recent months is incomparable to what happens in a TRUE altcoin season.

In today's TL;DR issue, we've summarized the most important information from the past week for you.

Enjoy your Sunday and prepare yourself for the amazing times ahead!

Thanks,
The Alchemic One (TAO)