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Reported holdings of spot bitcoin ETFs were a mere fraction of the total cumulative trading volume during the first quarter.Holders made up a diverse set of financial institutions including Morgan Stanley, a hedge fund that manages the endowments of Yale University and Princeton University, and the State of Wisconsin Investment Board.
TON and NEAR are among the few altcoins in the red now.
GameStop-themed memecoins GME and Roaring Kitty spiked 10% and 42%, respectively, in the past 24 hours. In the same period, GameStop’s stock fell around 20% to $22.22 per share. The firm posted net sale losses in first-quarter preliminary results on Friday.
Zksync said Friday in an X post that it would soon roll out its v24 upgrade, as it aims to further decentralize its protocol this summer. The announcement fueled rumors that an airdrop from the Layer 2 solution could come as early as June.
The macro environment remains a key driver for crypto performance, evidenced by the rebound in bitcoin prices after April’s softer CPI print, a Coinbase report said.
Bitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?
- 14:38Ton on-chain game Catizen now supports in-game Notcoin paymentsAccording to official news on May 18, the Metaverse cat-raising game Catizen on the Ton chain now supports the Notcoin (NOT) payment method in the game. Users can choose TON or NOT when paying.
- 14:38Spot Bitcoin ETF inflows totaled $939 million this weekGolden Finance reported that data showed that spot Bitcoin ETF inflows totaled US$939 million this week.
- 14:37Crypto funding increases significantly in Q1 2024, startups secure $2.4 billion across 518 dealsChainCatcher news, according to crowdfundinsider, crypto financing increased significantly in the first quarter of 2024, with startups receiving $2.4 billion in 518 transactions. Compared to the previous quarter, invested capital increased by 40.3% and transaction volume increased by 44.7%. The volume and pace of investment is expected to continue to increase throughout the year. Infrastructure startups led the way in funding this quarter, with Ethereum staking platform EigenLayer ($100 million Series B) and fully homomorphic encryption (FHE) development platform Zama ($73 million Series A) raising the largest A funding round. The largest deal of the quarter went to Together AI, a developer of an open source, decentralized cloud platform for large-scale foundational models. The startup raised $106 million in early-stage funding, led by Salesforce Ventures, at a pre-money valuation of $1.1 billion. Median pre-money valuations were $21.8 million in pre-seed and seed stages, $72 million in early-stage and $51.1 million in late-stage, representing year-over-year growth of 85.5%, 148.3% and 7.6% respectively. Deal sizes also reflected rising valuations, with median pre-seed and seed-stage deals of $2.7 million, early-stage deals of $5.0 million, and late-stage deals of $5.8 million, up 24.9% and 25.0% respectively over full-year 2023. % and a decrease of 9.7%.
