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

How Bitcoin drives memecoin launches

Bitcoin  rally in late 2024 was accompanied by a sharp spike in memecoin launch activity. BTC price and the number of tokens launched via Solana memecoin launchpads show a clear correlation.

Notcoin (NOT) token was launched exactly one year ago

- 73% since launch

Memcoins on pampa today

#PNUT = +20%
#WIF = +12%
#MEME = +10%
#PEPE = +9%
#BONK = +8%
#FLOKI = +6%

Technical analysis? Forget it. It's just the mood of the internet

ETH supply on exchanges continues to decline rapidly

Inflows into crypto continue = +$785 million for the week (vs. +$882 million a week earlier) -- Coinshares

Bitcoin rises above $107,000

Overnight, the BTC exchange rate rose above $107,000, updating a local high. At the moment, less than $3000 remained before the ATH update.

However, it failed to gain a foothold - the growth was followed by a pullback (currently to $103,000), which caused liquidation of almost $650 mln over the day. The longs were mainly affected

TRON Surpasses $75 Billion in USDT Circulating Supply

continues to solidify its dominance among blockchain networks in terms of USDT  circulation. Renowned for its consistent reliability and low fees, TRON has become the industry’s leading choice for USDT transfers

Santiment : crypto projects on ETH with the highest developer activity at the moment

ETH and BTC supply on exchanges continues to decline:

BTC supply at an 8-year low
ETH supply at a 10-year low

Last Week In Crypto

🌐 Macro News:
— FTX creditors to receive over $5B starting May 30
— Trump to sign crypto law  by august as bitcoin reserve grows
— Coinbase joins the S&P 500: a landmark for the crypto Industry

BNB Chain Emerges as the Top DEX Volume Leader

BNB Chain  has recently claimed the top spot among blockchains by decentralized exchange (DEX) trading volume, overtaking Ethereum and Solana

BlackRock Becomes Second-Largest Bitcoin Holder

BlackRock, already the leading provider of Bitcoin ETFs by assets under management, continues to grow its Bitcoin holdings. For many institutional players, Bitcoin ETFs are the most convenient or sometimes the only way to gain exposure to Bitcoin. As institutional interest in crypto continues to rise, an increasing share of Bitcoin is flowing into the hands of ETF providers like BlackRock