Bitcoin
Not only did perpetual traders take profits, but bitcoin’s largest holders all reduced the rate at which they were acquiring BTC.
Ethereum
As Starknet’s transaction rates fall and its STRK token value has halved post-airdrop, the network faces critical challenges in maintaining user interest and network vitality.
Institutional investors reduced exposure to crypto investment products last week, as ETF activity dipped to 31% of total volumes.
Business
OKX’s 50 million users can withdraw tokens from the exchange to its “X Layer” to transact on onchain applications built on the layer 2 scaling solution.
Inflows into Hong Kong’s newly-approved bitcoin and ether ETFs could be hindered by regulations barring mainland China investors from purchasing them.
Tech
Picasso, which aims to be an interoperability network and a restaking layer for Solana, has leveraged the IBC protocol to connect Solana and Cosmos, allowing liquidity to flow between the two blockchain ecosystems.
Four Hong Kong-based asset managers have been given the green light to launch spot Bitcoin and Ethereum ETFs.
A volatile weekend for risk assets saw bitcoin traders lose millions of dollars on their long positions as the market leading digital asset retrace to a multi-week low of $61,000.
DeFi
While EIP-3074 offers a potential leap in the Ethereum wallet user experience by enabling batch transactions and smart contract-like features, some experts have concerns about its security and long-term impact.
With a week (or so, depending who you ask) to go before the fourth Bitcoin halving, there’s still no consensus on when it’ll happen.
