Grayscale’s Bitcoin Trust (GBTC) has seen inflows for the second consecutive day, breaking a four-month streak of outflows that resulted in over $17.5 billion in withdrawals. Despite GBTC’s net outflow, the overall spot Bitcoin ETF market in the U.S. maintains a positive balance sheet with significant inflows from other providers.
The fierce rivalry between crypto titans Changpeng Zhao (CZ) of Binance and Sam Bankman-Fried (SBF) of FTX came to an anticlimactic end, with CZ receiving a four-month prison sentence and SBF a 25-year term for their respective roles in the downfall of the crypto industry.
Several major crypto projects, including Sui, Pyth Network, Avalanche, Aptos, and Arbitrum, are set to release vested crypto tokens worth more than $3.1 billion in May, according to data from Token Unlocks.
The stablecoin market displayed resilience in April, with First Digital USD (FDUSD) recording a stellar month and Ethena’s USDe gaining significant momentum, while overall volumes dipped slightly from March’s highs.
Neo, a leading blockchain platform, is sponsoring the AI x Crypto Hackathon organized by BeWater, a renowned builder community. This event encourages participants to explore the intersection of blockchain and artificial intelligence technologies, fostering innovative solutions at the cutting edge of these two fields.
A recent report by Fortune, citing data from Chainalysis, reveals that approximately 1.8 million Bitcoin (worth $121 billion) is stored in wallets that have been inactive for more than a decade, accounting for 8.5% of Bitcoin’s circulating supply.
Binance has experienced a significant decline in its market share, dropping from 81% to 55% of global crypto trading volumes within a year, as reported by Kaiko.
After a recent price crash, Cardano (ADA) has started recovering, and one crypto analyst, CobraVanguard, expects the bullish momentum to continue, potentially pushing ADA towards the $1 mark.
A recent report by CoinShares revealed that crypto investment products experienced $206 million in outflows last week, with Bitcoin and Ethereum accounting for the majority of the outflows, while altcoins like Litecoin and Chainlink saw substantial inflows during the same period.
Solana decentralized exchange aggregator Jupiter has acquired Ultimate Wallet, a self-custody crypto wallet firm, as part of its strategy to enhance mobile capabilities and attract millions of new users.
