1. Glassnode: What does a slowdown in BTC supply mean?
A strong Bitcoin market naturally attracts selling pressure as rising prices prompt long-term holders to distribute part of their holdings. We can see this through the sharp drop in supply throughout March and April in the 1-2 year period, as long-term investor groups distribute tokens to meet new demand before the ATH. Click to read
US$215 million Series A financing ranks among unicorns. Why are VCs optimistic about Farcaster
The latest financing of decentralized social media Farcaster has finally come to an end. At the end of January 2024, the decentralized social protocol Farcaster released a new feature Frames, which attracted the attention of the encryption community. Starting in February, a large number of users have flocked to Farcaster. Click to read
3. Why the US SEC's change of attitude towards Ethereum ETF is completely political
Now is a critical moment for exchanges to grapple with the US SEC's seemingly sudden shift in the possible approval of a spot Ethereum ETF.
According to a person familiar with the matter, on Monday, the US SEC's trading and market division called exchanges and told them that it would approve 19b-4 this week. Meanwhile, Barron's reported, citing people familiar with the matter, that SEC staff told exchanges on Monday that they were inclined to approve the plans. Click to read 4. Cryptocurrency Wars: BTC's Pizza and Crypto-Dollar Ambition This article is dedicated to the 14th Pizza Festival, where BTC can't buy pizza, and the crypto-currency circle, where crypto culture is not the mainstream culture. Fourteen years have passed, and in the blink of an eye, crypto-punks have ushered in the 14th Pizza Festival in the world.
This festival commemorates the legend of crypto pioneer Laszlo Hanyecz who bought two pizzas with 10,000 BTC. This is not only the first transaction in the history of cryptocurrency, but also represents that BTC has realized all the functions of currency. This means that digital cryptocurrency has officially entered the historical stage of global currency. A brand new market is slowly opening up to adventurers around the world. Click to read
5. Ethereum Co-Creation: Why Ethereum ETF will cause ETH supply tightening
After several months of silence, the U.S. Securities and Exchange Commission appears ready to approve a spot Ethereum exchange-traded fund.
Ethereum co-founder and founder and CEO of crypto infrastructure company Consensys Joe Lubin pointed out that the resulting huge demand for Ethereum could lead to a supply tightening. Click to read