OpenSea sees highest user activity since April 2023

Yesterday, OpenSea  daily active users surged to 56.4K, reaching levels not seen since April 2023. For context, since August 2023, daily activity had only exceeded 25K once.

DropsTab: top 10 coins by growth in April

Top 10 tokens by FDV launched in April - DropsTab data

Tokens with a strong change in whale activity over the week - Santiment data

BTC ended April with a 14.7% gain

Funny thing is that it ended April 2024 with a 14.7% drop

DropsTab: recent top crypto funding rounds by major funds

Cryptorank: top 10 networks by earned commissions in April

Robinhood snaps up Canadian crypto exchange WonderFi.
Because if you can’t beat the market, buy a local version of it

XRP open interest surging hard in May.
The crowd’s placing bets — and the market’s sharpening the liquidation wick

May 12 saw the largest daily outflow of BTC from Coinbase exchange - Glassnode data

Last Week In Crypto

Bitwise CIO: BTC is great, but don’t ignore the rest.
Mentions ETH, SOL, AVAX, LINK as worthy contenders

Bitcoin Dominance Drops as Crypto Market Rises

Bitcoin dominance  currently sits at around 59%, which is considered relatively high. However, due to the low price base of many altcoins, they have outperformed Bitcoin during the recent market rally

Top blockchains by growth in locked-in value (TVL) over the last month - DropsTab data

Whales yanked 1,000,000 ETH off exchanges over 4 weeks.
Not your keys, not your coins — and they clearly got the memo

BTC’s real believers are moving — long-term holders ramping up accumulation since April.
They buy while others cope

Coinbase isn’t just trading — it’s collecting exchanges now.
Deribit secured, more acquisitions incoming

The volume of illiquid BTC supply (the number of BTC that are often not sold) broke a record, exceeding 14 million BTC - Cryptorank data

BTC has quietly become the new gold for Americans:
49.6M hold Bitcoin
Only 36.7M own gold
The flippening isn’t coming — it already happened

BlackRock has initiated the first direct DeFi integration of its sBUIDL tokenized treasury fund with Euler on the Avalanche network, using Securitize's sToken platform so that #sBUIDL tokens can be used as collateral for lending and borrowings