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๐Ÿ’ฐAccording to CryptoQuant, judging by the low influx of funds from new investors, the bullish cycle in BTC is far from over.

โš ๏ธOn 20th March, outflows from spot bitcoin ETFs continued: there was a net outflow of $261.5 million. This marks the third consecutive day of outflows.

๐Ÿ”ดSantiment notes that over the past ten days, the number of bitcoin wallets with non-zero balances has decreased by 311,000. This indicates panic selling and FUD in the market.

๐Ÿ’ฐFortune reports that the SEC is attempting to classify ETH as a security.

๐Ÿ’ฐ The number of addresses in the Cardano network has exceeded 4.6 million. This figure has grown by 3.75% since January 1st.

๐Ÿ’ฐ According to IntoTheBlock, in the last 30 days, the number of DOGE transactions worth more than $1 million has increased by over 600%.

๐Ÿ”ฅGainers:
FLOKI (#FLOKI): 0.00022126 USDT (+18.32%)
Dogecoin (#DOGE): 0.154234 USDT (+16.54%)
Sui (#SUI): 1.86 USDT (+15.14%)

๐Ÿ’ฉLosers:
0x (#ZRX): 0.9378 USD (-18.94%)
Chainlink (#LINK): 18.54 USDT (-4.11%)
 Dogwifhat (#WIF): 2.30 USDT (-4.02%)

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โš ๏ธAccording to CoinShares, investment products based on cryptocurrencies experienced an outflow of $942 million last week.

๐Ÿ””Bitcoin's MVRV ratio, which surged earlier this year, shows a slight decline, hovering around 2.34.

๐Ÿ’ฐGlassnode suggests preparing for bitcoin's volatility after the halving event but believes the volatility will be lower this time.

๐Ÿ’ฐSantiment reports that whale activity in ETH is at its peak this year. At the same time, the RSI is at its lowest since January 2024, increasing the likelihood of a rebound.

๐Ÿ”ดThe SEC has postponed reviewing Grayscale's application for a spot ETH-ETF.

๐Ÿ”ฅGainers:
Dogwifhat (#WIF): 2.88 USDT (+16.47%)
NEAR Protocol (#NEAR): 7.48 USDT (+14.36%)
PARSIQ (#PRQ): 0.19406734 USDT (+12.98%)

๐Ÿ’ฉLosers:
PLC Ultima (#PLCU): 169.99 USDT (-0.7%)
TRON (#TRX): 0.1214 USD (-0.25%)
Cosmos (#ATOM): 12.42 USD (-0.06%)

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๐Ÿ”ดAccording to Farside, on 28th March, spot bitcoin ETFs saw an inflow amounted to +$182.8 million.

๐Ÿ”ฅThe value transferred on the Bitcoin network in March nearly reached $2 trillion.

๐Ÿ’ฐCryptoQuant notes a transfer of bitcoin ownership from old whales to new ones. Peaks in transfer volumes coincided with long-term peaks in bitcoin. We're still far from historically high levels of activity.

๐Ÿ’ฐWhales continue actively buying Dogecoin โ€“ over the last 2 weeks, they purchased DOGE worth $280 million.

๐ŸงกDogwifhat (WIF) announced a partnership with the largest Telegram bot, Miss Rose.

๐Ÿ”ฅGainers:
Dogwifhat (#WIF): 3.73 USDT (+14.04%)
PLC Ultima Classic (#PLCUC): 58.99 USDT (+9.43%)
Litecoin (#LTC): 105.27 USD (+9.05%)

๐Ÿ’ฉLosers:
0x (#ZRX): 0.9042 USD (-15.4%)
FLOKI (#FLOKI): 0.0002375 USDT (-5.81%)
NEAR Protocol (#NEAR): 6.99 USDT (-4.94%)

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โžก๏ธAccording to Santiment data, wallets holding balances of $5 million or more have increased their holdings of stablecoins by 5.09% of the total supply of USDT, USDC, DAI, and USDP on the market.

๐Ÿ”ฅOn 3rd April, there was a net inflow of +$113.4 million into spot BTC-ETFs (compared to +$40.3 million the previous day).

๐Ÿ’ฐThe SEC has opened up comment periods regarding spot ETH-ETFs.

๐Ÿ’ฐRipple is launching a stablecoin fully backed by deposits in US dollars, US government bonds and cash equivalents.

๐Ÿ””Bitcoin Cash has successfully undergone its halving.

๐Ÿ“ŒAccording to Santiment, the ENA token is among the most discussed topics amid the market correction.

๐Ÿ”ฅGainers:
Degen (#DEGEN): 0.05105 USDT (+16.81%)
Ethena (#ENA): 1.11 USDT (+10.81%)
Chiliz (CHZ): 0.143322 USDT (+8.08%)

๐Ÿ’ฉLosers:
PLC Ultima (#PLCU): 154.69 USDT (-17.27%)
PLC Ultima Classic (#PLCUC): 55 USDT (-5.35%)
Dogwifhat (#WIF): 3.87 USDT (-1.98%)

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๐Ÿ’ฐOn 4th April, there was a net inflow of +$106.8 million into spot bitcoin ETFs, compared to +$113.4 million the day before.

๐Ÿ”ดAccording to Santiment, negative sentiments toward bitcoin have persisted for three weeks.

๐Ÿ”ฅCryptoQuant data indicates significant profit-taking in bitcoin from short-term traders and long-term holders.

๐Ÿ””In March, the number of new addresses in Polkadot parachains hit a monthly record, exceeding 1.5 million (+400%).

โžก๏ธEthena Labs developers have added bitcoin to support the synthetic dollar USDe.

๐Ÿ“ŒMarch also saw a historically high number of addresses holding meme tokens for less than 30 days.

๐Ÿ”ฅGainers:
PLC Ultima (#PLCU): 188.99 USDT (+22.17%)
Toncoin (#TON): 5.42 USDT (+6.07%)
Bitcoin Cash (#BCH): 698.72 USD (+5.71%)

๐Ÿ’ฉ Losers:
Degen (#DEGEN): 0.03335 USDT (-33.84%)
Dogwifhat (#WIF): 3.43 USDT (-12.36%)
Ethena (#ENA): 0.9635 USDT (-11.3%)

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๐ŸงกAccording to a Policygenius survey, young people in the US are more likely to invest in cryptocurrency than stocks.

๐Ÿ”ดBloomberg reports that Hong Kong is gearing up to approve a BTC-ETF.

๐Ÿ’ฐThe Bitcoin network is overloaded once again. Yesterday, the average transaction fee for bitcoin was around $15.4.

๐Ÿ’ฐSolana continues to lead with the highest number of unique traders (488,000) and NFT transactions (6.2 million) over the past month.

๐Ÿ’ฐThe number of long-term LTC holders has surpassed 5 million units, making up 62.5% of all addresses in the network with a non-zero balance.

โžก๏ธThe Chainlink team has rolled out the Transporter bridge, built on their inter-chain interaction protocol. This bridge will facilitate cross-chain interaction with Arbitrum, Avalanche, Base and Ethereum.

๐Ÿ”ฅGainers:
PLC Ultima Classic (#PLCUC): 61 USDT (+5.35%)
Neo (#NEO): 20.35 USDT (+3.56%)
Tether Gold (#XAUT): 2,416.65 USDT (+3.37%)

๐Ÿ’ฉ Losers:
PLC Ultima (#PLCU): 165.34 USDT (-12.23%)
Harmony (#ONE): 0.0252295 USDT (-11.53%)
Dogwifhat (#WIF): 3.16 USDT (-10.79%)

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๐Ÿ’ฐThe IMF noted that bitcoin has become a necessary financial instrument for preserving savings in conditions of economic instability.

๐Ÿ””There are 30 blocks left until bitcoin's halving event.

๐Ÿ“ŒThe unrealised profits of short-term bitcoin holders have dropped almost to zero, reducing incentives for further selling.

๐Ÿ”ดAccording to CryptoQuant, a record accumulation of bitcoin was observed before the halving โ€“ 27,700 coins per day.

โœˆ๏ธDuring his presentation at the Token 2049 conference, Pavel Durov announced that Telegram is tokenising stickers.

๐Ÿ’ฐTelegram will soon enable users to tip content creators โ€“ all within the TON ecosystem.

๐Ÿ‘€The TON network has launched the USDT stablecoin.

๐Ÿ”ฅGainers:
Dogwifhat (#WIF): 3.01 USDT (+18.82%)
PLC Ultima Classic (#PLCUC): 52 USDT (+13.04%)
Degen (#DEGEN): 0.025003 USDT (+12.34%)

๐Ÿ’ฉ Losers:
NEAR Protocol (#NEAR): 5.59 USDT (-3.2%)
PARSIQ (#PRQ): 0.13155511 USDT (-2.43%)
Chiliz (#CHZ): 0.10300004 USDT (-1.94%)

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๐Ÿ”ดA weekly report from Coinshares on crypto product flows showed an outflow of $206 million for the past week.

๐Ÿ’ฐHistorically, there has been significant volatility immediately after the bitcoin halving event in the short term. In the long term, there has been a growth of hundreds of per cent.

๐Ÿ””Glassnode reports that, judging by the NUPL indicator, most long-term bitcoin holders remain steadfast and continue to hold their coins.

๐Ÿ‘€BlackRock increased the bitcoins on its balance sheet to 273,596 coins for its bitcoin spot ETF (compared to 272,844 bitcoins previously).

๐Ÿ’ฐThe Shiba Inu team presented a major update to the Shibarium blockchain, prioritising user interaction and speed.

๐Ÿ”ฅGainers:
NEAR Protocol (#NEAR): 6.97 USDT (+12.75%)
Pepe (#PEPE): 0.00000651 USDT (+9.59%)
Polkadot (#DOT): 7.42 USDT (+4.81%)

๐Ÿ’ฉ Losers:
Degen (#DEGEN/): 0.026488 USDT (-2.79%)
Dogecoin (#DOGE): 0.165544 USD (-2.62%)
Dogwifhat (#WIF): 2.90 USDT (-2.34%)

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๐Ÿ’ฐAccording to Glassnode, the bitcoin emission rate dropped below the gold mining rate after the halving.

๐Ÿ”ฅFor the first time in the past five years, bitcoin has outperformed Tesla in terms of profitability. Bitcoin has grown by 1181%, while TSLA has grown by 806%.

๐Ÿ””Santiment observes purchases from "key" wallets holding between 1,000 and 10,000 bitcoins.

โžก๏ธAs expected, the SEC has delayed reviewing applications for spot ETH-ETFs from BlackRock, Franklin Templeton, and Grayscale.

๐Ÿ’ฐIntoTheBlock reports that the number of active addresses on the TRON network is 2.27 million, 37% higher than last month's figure.

๐Ÿ”ฅGainers:
Algorand (#ALGO): 0.22354978 USDT (+15.19%)
PLC Ultima Classic (#PLCUC): 54.99 USDT (+12.24%)
Dogwifhat (#WIF): 3.31 USDT (+10.37%)

๐Ÿ’ฉ Losers:
Degen (#DEGEN): 0.025507 USDT (-9.55%)
Ethena (#ENA): 0.9185 USDT (-8.12%)
Pepe (#PEPE): 0.00000718 USDT (-6.14%)

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๐Ÿ’ฐCEO of Tether announced that they are actively hiring a team of experts in AI.

๐Ÿ”ดMorgan Stanley may allow its 15,000 brokers to advise clients to buy spot bitcoin ETFs.

๐Ÿ’ฐBitcoin mining difficulty increased by 1.99% after the halving, reaching a record 88.1 trillion hashes. The average network hash rate reached 630 EH/s.

๐Ÿ””Yesterday's summary: a net outflow of $120 million from spot bitcoin ETFs in the US.

โš ๏ธIt is expected that the SEC will not approve spot ETH ETFs in May.

โžก๏ธChainlink announced that their CCIP protocol for interchain interaction is now officially available.

๐Ÿ‘€CEO of EOS announced that today he will propose an updated tokenomics for EOS.

๐Ÿ”ฅGainers:
Pepe (#PEPE): 0.00000785 USDT (+6.08%)
NEAR Protocol (#NEAR): 7.02 USDT (+4.31%)
TRON (#TRX): 0.1239 USD (+3.77%)

๐Ÿ’ฉ Losers:
Dogwifhat (#WIF): 2.97 USDT (-8.85%)
Algorand (#ALGO): 0.20098604 USDT (-8.28%)
PARSIQ (#PRQ): 0.14142465 USDT (-8.17%)

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๐Ÿ’ฐTether set a quarterly record, earning $4.52 billion in the first three months of 2024.

๐Ÿ”ฝTrading volumes on centralised crypto exchanges in April 2024 decreased by 35% compared to March 2024 โ€“ to $1.6 trillion.

๐Ÿ’ฐAs reported by CryptoQuant analysts based on funding rates in futures, traders are actively buying dips in bitcoin.  

โš ๏ธStarting 1st May 2024, outflows from spot bitcoin ETFs intensified โ€“ funds lost $563.7 million.

๐Ÿ”ดAccording to Glassnode, the Ethereum network has seen a sharp increase in the number of active addresses.

๐Ÿ”ฅGainers:
Pepe (#PEPE): 0.00000776 USDT (+21.43%)
Dogwifhat (#WIF): 2.78 USDT (+16.19%)
MANEKI (#MANEKI): 0.01249838 USDT (+13.47%)

๐Ÿ’ฉLosers:
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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โš ๏ธThe weekly report from Coinshares on crypto product flows revealed a $251 million outflow for the previous week.

๐Ÿ”ดOn 6th May, there was a net inflow of $217 million into spot BTC-ETFs.

๐Ÿ’ฐIn the past week, wallets holding 1,000+ BTC added over 10 thousand coins to their reserves.

๐Ÿ’ฐSantiment notes a significant uptick in the Ethereum network, with the number of new wallets increasing by 196.7 thousand.

๐Ÿ’ฐAccording to Santiment, there's increasing chatter about LTC among the crowd.

โžก๏ธWith over 40 million daily transactions, Sui is significantly ahead of all Layer 1 blockchains.
๐Ÿ”ฅ Gainers:
Ethena (#ENA): 0.97 USDT (+9.8%)
PLC Ultima Classic (#PLCUC): 52.70 USDT (+4.87%)
Chiliz (#CHZ): 0.12748 USDT (+2.97%)

๐Ÿ’ฉ 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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