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⛏🍿 Robinhood received a Wells notice from the US SEC regarding crypto business in the US
“We firmly believe that the assets presented on our platform are not securities, and we look forward to working with the SEC to clarify this.”
“We firmly believe that the assets presented on our platform are not securities, and we look forward to working with the SEC to clarify this.”
👀 #BTC Hermetica announced the release of the first ever synthetic US dollar backed by BTC. The new synthetic dollar #USDh, scheduled for release in June, will offer users returns of up to 25%.
cointelegraph.com
cointelegraph.com
🥳🦊 #ETH MetaMask releases a “virtual mempool” designed to help users evade MEV bots.
📊 #BTC #ETF Report Kaiko: Since early April, both ETF inflows and the BTC rally have slowed. Last week, IBIT (from BlackRock) recorded its first daily outflow of $37 million. Net flows across all ETFs have also declined steadily since January. That trend appeared to begin to reverse on Friday, with ETFs including Grayscale's GBTC seeing strong inflows after renewed forecasts for a Fed rate cut.
📊 #ARB Uniswap: Arbitrum is the first L2 whose swap volume exceeded $150 billion
🇩🇪👀 Kraken plans offer German clients access to a range of crypto products through a special offer based on DLT Finance.
🥳🏦 #ELF AELF announced the closing of a $40 million credit line from Merchants Bank. accesswire.com
📊 #ETH Sentiment: 196.71 thousand new addresses were created on the Ethereum network on May 4, 2024, which was the largest daily increase since October 8, 2022. This should be considered a bullish sign.
🤖 CryptoAttack 🇬🇧
📊 #ARCH Messari. Archway status in Q4 2023: - Market capitalization + 236%; - those who deployed contracts earned ARCH tokens worth more than $11,000, benefiting from a 231% increase in ARCH price; - the staking ratio increased to 44.5%.
📊 #ARCH Messari. Archway status in Q1 2024:
- TVL Archway grew by 123% in the quarter to $8 million;
- user activity reached the highest level since the creation of the network, reaching a quarterly maximum in transaction fees ($38,000), developer income ($19,000) and the average number of ARCH burned ($101,000 ARCH);
- dApp treasury is currently $3 million;
- daily active addresses increased by >50%;
- the staking ratio has increased to 47% and the network is currently supported by 100 validators.
- TVL Archway grew by 123% in the quarter to $8 million;
- user activity reached the highest level since the creation of the network, reaching a quarterly maximum in transaction fees ($38,000), developer income ($19,000) and the average number of ARCH burned ($101,000 ARCH);
- dApp treasury is currently $3 million;
- daily active addresses increased by >50%;
- the staking ratio has increased to 47% and the network is currently supported by 100 validators.
🤖 CryptoAttack 🇬🇧
🥳👀 #BTC Block has implemented a program to purchase BTC at average cost (DCA), which will last until 2024. As part of this program, Block will invest 10% of its gross profits from BTC products into the purchase of BTC.
🙋♂Block announced plans to issue $1.5 billion of senior notes through a private placement to qualified institutional investors.
🗽 Political Action Committee (PAC) collected over $102 million to support cryptocurrency-focused candidates.
🤖 CryptoAttack 🇬🇧
🇺🇸 #macro FedWatch: Markets are now expecting the first rate cut in November.
🇺🇸🗣 #macro Barkin from the Fed: We want to have greater confidence that inflation is moving steadily toward our 2% target. And with a strong job market, we have time to gain that confidence.
The current level of policy tightening will ultimately lead to a further slowdown in the economy.
The current level of policy tightening will ultimately lead to a further slowdown in the economy.