#DailyNews

🔴The weekly report from Coinshares on capital flows into crypto products revealed a $435 million outflow.

🕐Farside reports that the net inflow into spot bitcoin ETFs has practically stopped since mid-March.

📌Starting 30th April, DTCC will no longer allow using bitcoin ETFs or other crypto instruments as collateral for financial transactions.

🔔According to Santiment, excluding local spikes, whale activity in bitcoin has been decreasing since the beginning of March.

➡️The TVL in Ethereum's staking protocols has surpassed $16 billion.

🔥Gainers:
MANEKI (#MANEKI): 0.0141 USDT (+10.58%)
TRON (#TRX): 0.1298 USD (+5.47%)
Litecoin (#LTC): 91.19 USD (+1.59%)

💩 Losers:
NEAR Protocol (#NEAR): 6.83 USDT (-6.7%)
FLOKI (#FLOKI): 0.00016443 USDT (-6.63%)
Uniswap (#UNI): 7.63 USDT (-5.91%)

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#DailyNews

💰Tether set a quarterly record, earning $4.52 billion in the first three months of 2024.

🔽Trading volumes on centralised crypto exchanges in April 2024 decreased by 35% compared to March 2024 – to $1.6 trillion.

💰As reported by CryptoQuant analysts based on funding rates in futures, traders are actively buying dips in bitcoin.  

⚠️Starting 1st May 2024, outflows from spot bitcoin ETFs intensified – funds lost $563.7 million.

🔴According to Glassnode, the Ethereum network has seen a sharp increase in the number of active addresses.

🔥Gainers:
Pepe (#PEPE): 0.00000776 USDT (+21.43%)
Dogwifhat (#WIF): 2.78 USDT (+16.19%)
MANEKI (#MANEKI): 0.01249838 USDT (+13.47%)

💩Losers:
The Graph (#GRT): 0.2384 USDT (-43.49%)
Lido DAO (#LDO): 1.97 USDT (-37.15%)
PLC Ultima Classic (#PLCUC): 49 USDT (-10.9%)

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#DailyNews

⚠️The weekly report from Coinshares on crypto product flows revealed a $251 million outflow for the previous week.

🔴On 6th May, there was a net inflow of $217 million into spot BTC-ETFs.

💰In the past week, wallets holding 1,000+ BTC added over 10 thousand coins to their reserves.

💰Santiment notes a significant uptick in the Ethereum network, with the number of new wallets increasing by 196.7 thousand.

💰According to Santiment, there's increasing chatter about LTC among the crowd.

➡️With over 40 million daily transactions, Sui is significantly ahead of all Layer 1 blockchains.
🔥 Gainers:
Ethena (#ENA): 0.97 USDT (+9.8%)
PLC Ultima Classic (#PLCUC): 52.70 USDT (+4.87%)
Chiliz (#CHZ): 0.12748 USDT (+2.97%)

💩 Losers:
Kamino (#KMNO): 0.07 USDT (-24.56%)
MANEKI (#MANEKI): 0.008057 USDT (-23.68%)
Dogwifhat (#WIF): 3.24 USDT (-4.5%)

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🔥Factors/metrics from Glassnode indicate that the crypto market is currently in the early stages of a mega-bull trend.

🔔According to Santiment, judging by the RSI, most crypto "blue chips" are slightly undervalued and are in the buying zone.

🔽CCData reported that the total monthly trading volume of crypto in spot and derivatives dropped by 43.8% in April.

💰Bitcoin mining difficulty dropped by 5.62% due to the second post-halving adjustment.

💰Dencun's update once again made ETH inflationary, potentially challenging the narrative of ether as "ultra-sound" money.

🔥 Gainers:
PLC Ultima Classic (#PLCUC): 53 USDT (+12.52%)
Dogecoin (#DOGE): 0.161352 USD (+4.09%)
TRON (#TRX): 0.1267 USDT (+3.26%)

💩 Losers:
MANEKI (#MANEKI): 0.00594105 USDT (-27.27%)
Lido DAO (#LDO): 1.90 USDT (-6.89%)
Sui (#SUI): 1.002 USDT (-6.84%)

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🔥The weekly report from Coinshares on cryptocurrency product flows indicated an inflow of $130 million for the past week.

🔔According to Santiment, most altcoins are currently experiencing both oversold and overbought conditions.

💰Based on their analysis of bitcoin's price growth post-halving, Pantera Capital predicts that the coin could surge 4.2 times by August 2025.

🔴In the last week, the inflow into spot bitcoin ETFs in the US totalled $113.8 million.

📌CryptoQuant notes that long-term holders have ceased selling bitcoins, confirming the evident support that emerged in 2021.

💰Kryptanium Capital forecasts that the price of ETH may decline to $2,600.

🔥 Gainers:
MANEKI (#MANEKI): 0.00612967 USDT (+35.09%)
FLOKI (#FLOKI): 0.00019008 USDT (+11.36%)
Pepe (#PEPE): 0.00000925 USDT (+8.26%)

💩 Losers:
Axie Infinity (#AXS): 6.89 USDT (-43.88%)
Enjin Coin (#ENJ): 0.2625 USDT (-17.9%)
The Sandbox (#SAND): 0.422 USDT (-14.16%)

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➡️Inflation in the USA eased to 3.4% (previously 3.5%), prompting a notable surge in cryptocurrencies.

🔥Mike Novogratz, director of Galaxy Digital, predicts that bitcoin's price will fluctuate between $55,000 and $75,000 by the end of June.

🔴On 14th May, the net inflow into spot bitcoin ETF reached $100.5 million.

💰Santiment observes a persistent prevalence of "negative" sentiment in bitcoin.

💰According to CryptoQuant, TON is currently the top L1 cryptocurrency of 2024, surpassing Bitcoin by 118%.

🔥 Gainers:
FLOKI (#FLOKI): 0.00022142 USDT (+12.92%)
NEAR Protocol (#NEAR): 7.76 USDT (+9.62%)
Render (#RNDR): 10.99 USDT (+8.96%)

💩 Losers:
Degen (#DEGEN): 0.015225 USDT (-11.09%)
Cosmos (#ATOM): 8.75 USD (-5.51%)
MANEKI (#MANEKI): 0.00566798 USDT (-4.25%)

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➡️According to K33 Research, in the first quarter of 2024, 937 professional market participants invested in spot bitcoin ETFs.

🔝Traders expect BTC to return to its highs in the coming weeks amid increased demand from institutional investors.

🔴On 15th May, the net inflow into spot bitcoin ETFs was +$303 million.

💰CryptoQuant anticipates increased BTC volatility due to an influx of stablecoins into the market.

💰According to Santiment, whales have started actively accumulating XRP since late April.

💰Andrii Hrachov, the founder of DWF Labs, stated that hundreds of projects will soon be launched on the TON blockchain.

🔥 Gainers:
MANEKI (#MANEKI): 0.00724401 USDT (+21.93%)
Immutable (#IMX): 2.39 USDT (+17.58%)
Sui (#SUI): 1.04 USDT (+8.49%)

💩 Losers:
Render (#RNDR): 9.99 USDT (-8.98%)
Pepe (#PEPE): 0.00000993 USDT (-8.98%)
Enjin Coin (#ENJ): 0.2709 USDT (-8.49%)

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