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)

Market Data for This Week

Monday
GER - CPI Inflation (APR)
CN - Manufacturing PMI (APR)
CN - Non-Manufacturing PMI (APR)

Tuesday
US - Chicago PMI (APR)
US - CB Consumer Confidence (APR)
CA - GDP (MAR)
GER - GDP (Q1)
EU - GDP (Q1)
EU - CPI Inflation (APR)

Wednesday
US - FOMC Interest Rate
US - ISM Manufacturing PMI (APR)
US - JOLTS Job Openings (MAR)
US - ADP Employment (APR)

Thursday
US - Trade Balance (MAR)
US - Jobless Claims (APR)

Friday
US - Nonfarm Payrolls (APR)
US - ISM Non-Manufacturing PMI (APR)
US - S&P Services PMI (APR)

Digital Asset Fund Flows - Weekly

- Saw outflows for the third consecutive week totalling $435M, hitting the highest level since March.

- Grayscale saw $440M in outflows, the lowest in nine weeks, while new issuers had reduced inflows.

- Outflows were solely focused on Bitcoin and Ethereum; Other altcoins like Solana, Litecoin, and Chainlink continued to see inflows.

- Trading volumes in ETPs dropped to $11.8Bn last week from $18Bn the previous week.

Tether invests $200 Million in biotech firm Blackrock Neurotech; a biotech company that builds tools to help people afflicted with paralysis, lost function, and neurological disorders..

Eigen Foundation (EigenLayer) introduces EIGEN token

- Claims window: Opens May 10, closes in 120 days on September 7, 2024

- EIGEN Stakedrop Season 1 is rolling out in 2 phases.

- Phase 1: Most restakers & liquid staking token holders

- Phase 2: Complex LRT integrations will be eligible after community feedback

Tokenomics:

- Total supply 1.67B

- 45% to community: 15% to each of stakedrops, community initiatives and ecosystem development, respectively

- Out of 15% stakedrops, 5% based on a snapshot on 15 Mar this year (90% immediately claimable)

- 29.5% to investors

- 25.5% to team/ early contributors

- both of total 55% are subject to 1-year cliff + 2-year vesting

- Use case 1: at genesis, users can stake EIGEN to secure EigenDA

Samourai Wallet co-founder Keonne Rodriguez pleads not guilty, released on $1M bond.

Bitcoin Spot ETF Flow - 29th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$51.6M

- Grayscale had an outflow of -$24.7M

Hong Kong’s crypto ETFs had a soft debut, with trading volume much lower than expected.

> Total trading volume for BTC ETFs was $8.5 million, while ETH ETFs saw $2.5 million.

Over 0.54 million new crypto tokens have been created in 2024 as of early April, which is equivalent to an average of 5,300 new tokens launched every day so far this year.

Roger Ver charged with mail fraud, tax evasion, and filing false tax returns, wanted for extradition to the United States - doj

CZ sentenced to 4 months in prison.

Bitcoin Spot ETF Flow - 30th Apr. 2024

- Net outflows for all the Bitcoin ETFs; -$161.6M

- Grayscale had an outflow of -$93.2M

Bitcoin: Fear And Greed Index

Bitcoin has entered the Neutral Zone. The last time we spent a LONGER period in the Neutral Zone was January 2024. Afterwards, the price upward trend continued.

Tether releases Q1 2024 attestation, reports record net profit of over $4.52 billion.

Bitcoin Spot ETF Flow - 1st Mai 2024

- Record largest daily net outflows for all the Bitcoin ETFs; -$563.7M

- Grayscale had an outflow of -$167.4M

Coinbase Q1 revenue $1.64b (estimated $1.32b)