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Uniswap crossed the $2 trillion mark in total trading volume on April 5. Uniswap daily volumes climbed over the weekend and continually hit the $3 billion threshold.
Bitcoin funding rates are still highly elevated compared to historical averages, and large retail profit taking could indicate a local top.
Bloomberg Senior ETF Analyst Eric Balchunas said he expects Hong Kong spot bitcoin and ether ETFs will attract a modest $500 million in cumulative assets under management.Although saying approval of the crypto-related investments in Hong Kong is a positive development, he said the market is “child’s play” when compared to the much larger ETF market in the U.S.
Bitkraft Ventures and Hashed co-led a $10 million funding round for crypto gaming studio Avalon, which is slated to release a massively multiplayer online game. Later this year, players will be invited to play a closed, early-access version of the game, also called “Avalon.”
- 11:00Analyst: It seems reasonable for Amazon to keep a "small portion" of its cash in BitcoinAccording to The Washington Post, Morningstar analyst Dan Romanoff stated that although gold is typically considered the most suitable asset for hedging against inflation, Bitcoin might be a more useful tool for this purpose. Over the past five years, both Bitcoin and gold have appreciated in price beyond inflation, with Bitcoin's increase being much larger. Dan Romanoff believes that despite there not being much historical data on how cryptocurrencies perform during different economic cycles, it could be reasonable to make small investments in Bitcoin. He added: "If Amazon can keep a small portion of cash in Bitcoin, it seems quite sensible."
- 10:59Data: Over the past 2 days, nine new wallets have transferred out more than 362,000 LINK from CEXAccording to Lookonchain monitoring, in the past 2 days, 9 new wallets have withdrawn 362,380 LINK (approximately 8.19 million USD) from CEX.
- 10:30Bellede has transferred a total of approximately 9 million USDC to Ondo Finance this weekAccording to Arkham monitoring, this week BlackRock's BUIDL Fund has transferred a total of approximately 9 million USDC to the Ondo Finance marked address. Previous news suggests that due to the Trump family's cryptocurrency project WLFI increasing its holdings in ONDO, the token once broke through $2 this week, setting a new historical high.
