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📊 Report CoinShares on financial flows in crypto over the last week: Investment products in digital assets received an influx of $130 million for the first time in five weeks. #BTC - inflow of $144 million. #ETH - outflow of $14 million.
📊 Report CoinShares on financial flows in crypto over the last week:
The influx of investments into digital assets amounted to $932 million. Despite the increase in inflows, volumes for the week were just $10.5 billion, down from $40 billion in March.
#BTC - inflow of $942 million, the only digital asset from which there was an outflow.
#ETH - outflow of $23.3 million.
#SOL, #LINK and #ADA received inflows of $4.9 million, $3.7 million and $1.9 million.
The influx of investments into digital assets amounted to $932 million. Despite the increase in inflows, volumes for the week were just $10.5 billion, down from $40 billion in March.
#BTC - inflow of $942 million, the only digital asset from which there was an outflow.
#ETH - outflow of $23.3 million.
#SOL, #LINK and #ADA received inflows of $4.9 million, $3.7 million and $1.9 million.
🎮🤝 #ASTR Astar Network has announced a partnership with Sequence, a platform for integrating Web3 into games, to launch Astar Studio.
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🇺🇸👀 #ETH US lawmakers have called on the SEC to review Prometheum's intention to offer institutional custody services for Ethereum. In their opinion, this announcement contradicts the position of the Commodity Futures Trading Commission (CFTC) on recognizing…
🗽👀 #ETH Prometheum has launched ETH custody services and plans to fully launch custodial services by the first week of June.
📊 Kaiko report:
- Liquidity distribution is improving. Altcoin liquidity, expressed as a percentage of daily BTC market depth, has mostly increased over the past two years;
- #ETH liquidity share relative to BTC continues decrease (as of 2024, the average ETH market depth was 72%, up from 83% in 2022);
- #memecoin meme tokens remain among the best this year: profitability since the beginning of the year varies from 80% to 1800%;
- The trading volume of meme coins also remains stable: The weekly volume of meme tokens has grown by more than 200% since the beginning of the year, reaching approximately $11 billion;
- As we move into the typically quieter summer months, macroeconomic data may continue to be a source of volatility.
- Liquidity distribution is improving. Altcoin liquidity, expressed as a percentage of daily BTC market depth, has mostly increased over the past two years;
- #ETH liquidity share relative to BTC continues decrease (as of 2024, the average ETH market depth was 72%, up from 83% in 2022);
- #memecoin meme tokens remain among the best this year: profitability since the beginning of the year varies from 80% to 1800%;
- The trading volume of meme coins also remains stable: The weekly volume of meme tokens has grown by more than 200% since the beginning of the year, reaching approximately $11 billion;
- As we move into the typically quieter summer months, macroeconomic data may continue to be a source of volatility.
🐳#ETH Sentiment: Whales have bought over 110,000 ETH worth ~$341 million in the last 24 hours
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🥳🇬🇧 London bank Revolut launches crypto exchange Revolut X. coindesk