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Daily #Web3 Market

31 May 2024

Institutional participation fuels Bitcoin futures resurgence

Bitcoin futures open interest has rebounded recently, reaching unprecedented levels as Bitcoin's price approached $70,000. This signals renewed investor interest and market engagement. Read more

Bitcoin market split as buying and selling volumes remain the same

Bitcoin’s spot trading volumes over the past week show varying market activity and sentiment, with price volatility peaking at $69,270 and then stabilizing around $68,000 to $69,000. Read more

Rising MVRV Z-Score signals possible Bitcoin bull run

The MVRV Z-Score, which compares Bitcoin's market value to its realized value, suggests a potential bull run as high on-chain activity continues despite low price volatility. Read more

Tether asserts almost 75% dominance in stablecoin market

Tether (USDT) dominates the stablecoin market with a market cap of $112 billion, solidifying nearly 75% market share, a level not seen since January. Read more

Musk denies reports claiming he has been counseling Trump on crypto

Elon Musk denied advising former President Donald Trump on crypto matters but reaffirmed his support for digital assets. Read more

Bitcoin whale accumulation echoes 2020: CryptoQuant CEO

CryptoQuant CEO Ki Young Ju highlights similarities between Bitcoin whale accumulation in 2024 and mid-2020, suggesting potential bullish trends. Read more

Bitcoin firm, Texas university partner for $5M endowment fund

A Bitcoin financial services firm and UATX plan to raise $5 million to invest in Bitcoin over the next five years. Read more

OpenAI stopped 5 campaigns that used its tech for ‘deceptive influence’

OpenAI terminated accounts linked to several alleged foreign covert influence operations. Read more

How 1,500 new Bitcoin millionaires per day deal with getting rich

Around 1,500 Bitcoin wallets top the million-dollar mark each day. Read more

Blockchain helps harvesting better avocados in Kenya — Here’s how

Blockchain and AI are helping small-scale farmers address significant challenges in avocado production. Read more

Crypto losses from fraud and hacks declined 12% in May — Immunefi

The decline in crypto scams and frauds continued, with $52 million lost in May compared to $59 million the previous year. Read more

Ether Put-Call Ratio Hits One-Year High, Hints at Bullish Bias Despite Pause in Rally

The uptick in Ether's put-call ratio signals a bullish outlook. Read more

First Mover Americas: Crypto in the Red Ahead of Friday's U.S. Inflation Data

The latest price moves in Bitcoin and crypto markets in context for May 30. Read more

Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide

Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation data release. Read more

Singapore's Largest Bank DBS Is an Ether Whale With Nearly $650M in ETH: Nansen

The address has already made $200 million from its Ether holdings. Read more

Exclusive: Joe Lubin unpacks SEC battle, Ethereum roadmap and Vitalik Buterin

Consensys CEO Joe Lubin explains why the firm is taking legal action against the SEC and discusses Ethereum’s roadmap. Read more

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