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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.”
- 21:07Giant whale enters LINK, takes $2.14 million.Recently, a giant whale deposited 194,940 LINKs worth approximately $4.69 million into CEX and sold them at an average price of $24 for a profit of approximately $2.14 million. This megalodon has accumulated these LINKs at a cost of approximately $2.55 million over the past 6.5 months, and the profit on this transaction indicates the success of its investment strategy in LINKs and may signal optimistic expectations for future price action in LINKs. The entry of a giant whale is often seen as a positive sign of market sentiment and may attract more investors to LINK, driving its price higher. However, it should be noted that the trading behavior of giant whales does not necessarily represent the overall market trend, and investors should analyze the market situation carefully and exercise independent judgment when making investment decisions.
- 21:06Analyst: MicroStrategy's $2 Billion Preferred Stock Strategy Could Unlock Gold Mine of Institutional MoneyMicroStrategy plans to raise up to $2 billion through preferred stock offerings to advance its ambitious “21/21” plan to meet its funding goals by issuing $42 billion in equity and fixed-income securities. We believe that any preferred stock the company may offer will likely include both of these features, with the ability to convert to common stock providing preferred stock investors with an element of volatility and optionality that they don't often see,” Palmer said.
- 21:06AnimocaBrands United: expect memecoin to launch its own L1 or L2Animoca Brands co-founder Yat Siu said in an interview that the crypto industry is at a turning point similar to the one he observed in the 1990s when the Internet first transformed business. The first part of cryptocurrency mass adoption in 2025 will be stablecoin adoption, with the next step being the broader expansion of memecoin into the entire blockchain ecosystem. I expect memecoins to launch their own L1 or L2. they're not just tokens anymore, they're building communities and ecosystems, memecoins are essentially cultural symbols,” said Yat Siu. They are attracting attention and building narratives that resonate with people beyond financial speculation.”
