Last Week, Digital Investment Products Saw $3.4 Billion Net Inflow...Third Largest in History
According to Coinshares' weekly fund flow report, digital asset investment products recorded a net inflow of $3.4 billion last week. This is the largest since mid-December last year and the third largest in history. Bitcoin (BTC) related investment products saw a net inflow of $3.188 billion, while Ethereum (ETH) related investment products saw $18.3 million. In contrast, Solana (SOL) related investment products experienced an outflow of $5.7 million.
BTC Spot ETF, Last Week Saw 4.4 Trillion Won Net Inflow...Second Largest in History
According to Soso Value data, Bitcoin spot ETFs saw a net inflow of $3.06 billion (4.4 trillion won) last week, the second-largest weekly net inflow in history. BlackRock IBIT received $1.45 billion, while Ark Invest ARKB received $620 million.
Security Expert "$330 Million BTC Hack...XMR Surge Influenced During Money Laundering"
Blockchain security expert ZachXBT posted on X that "A specific address (starting with bc1qcr) was robbed of 3,520 BTC ($330.7 million) 9 hours ago. The hacker then laundered the stolen funds through XMR, causing XMR prices to surge." According to CoinMarketCap, XMR is currently trading at $300.56, up 31%.
NYDIG "BTC Serves as Store of Value Amid Trump-Induced Chaos"
New York Digital Investment Group (NYDIG) reported that "Amid increasing policy confusion from former US President Donald Trump, Bitcoin has emerged as a store of value, decoupling from traditional financial assets."
Analysis "BTC-Gold Correlation Increases...Decoupling from Nasdaq"
CoinDesk reported that BTC and gold are showing a high positive correlation. Currently, the 30-day moving average correlation coefficient between BTC and gold is 0.70. In contrast, the BTC-Nasdaq 100 correlation coefficient is only 0.53.
Analysis "BTC Gains Momentum from Macro Environment Improvement...ETH Remains Stagnant"
Bitget's senior analyst Ryan Lee assessed that "While Bitcoin is showing positive movement due to institutional fund inflows and macro environment improvements, Ethereum continues to struggle."
Grayscale Requests SEC to Allow ETH Spot ETF Staking Last Week
Cryptocurrency asset management firm Grayscale met with the SEC's cryptocurrency task force to request permission for staking in its ETHE and ETH (Grayscale Mini ETH Trust) funds.
Analysis "BTC Crossing $100,000 Seems Smooth...New Fund Inflows Intensifying"
Cryptocurrency service provider Matrix Port stated that "With increasing market liquidity, new fund inflows are also rising," forecasting that Bitcoin could recover to $100,000.
Willy Woo "BTC Heading to $108,000...Plenty of Buying Opportunities"
On-chain analyst Willy Woo said "On-chain indicators for Bitcoin are beginning to show strength" and "BTC currently has favorable conditions for breaking its all-time high."
Loopscale Hacker "Will Return Stolen Funds"
The Block reported that the hacker who stole $5.8 million from Solana DeFi protocol Loopscale has expressed intention to return the funds.
Nexo Re-enters US Market...Expanding Cryptocurrency Services
Digital asset management platform Nexo announced its plan to re-enter the US market through its official X account.
Witch Token Partners with SBI Group Subsidiary
Witch Token (WITCH) announced an official partnership with SBI DM, a digital asset management company under the SBI Group, via X.
Bitget Releases April Proof of Reserves...Holds 191% of User Assets
Bitget published its monthly Proof of Reserves (PoR) report for April through its official blog. The reserve ratio compared to user assets is 191%.
Bitrue Hacker Transfers 1,050 ETH to Tornado Cash
Peckshield reported that the hacker who attacked Bitrue last year transferred 1,050 ETH to the anonymization service Tornado Cash.
10 Billion USDT Newly Issued
According to Whale Alert, 10 billion USDT was newly issued from Tether Treasury's address.
Ethereum Foundation "Gas Limit 4x Increase Not Included in Petra Upgrade"
The Ethereum Foundation clarified that the EOF (governance bundle), which is currently controversial in the community, will not be included in the Petra Upgrade scheduled for May 7.
Nike's 'Discontinued' Artifact Facing $5 Million Class Action Lawsuit
Nike's Non-Fungible Token (NFT) project Artifact (RTFKT) is facing a $5 million class action lawsuit.
Navi Protocol to Participate in Sui Basecamp
Sui ecosystem DeFi protocol Navi Protocol (NAVX) announced its participation in the Sui Basecamp event from May 1-2.
Stepn Parent Company Launches GMT Pay Payment Solution
Stepn's parent company Find Satoshi Lab (FSL) announced the launch of its own payment solution, GMT Pay.
Bitget OnChain Lists SALT, MOTION, SOLIDE
Bitget announced the listing of SALT, MOTION, and SOLIDE on Bitget OnChain.
Binance Wallet MILK TGE on 4/29
Binance Wallet announced it will conduct a MILK Token Generation Event (TGE) for 2 hours starting at 5 PM Korean time on April 29.
HashKey Global Lists SIGN Spot
HashKey Global announced the spot listing of SIGN in the innovation zone.
OKX Lists SIGN Perpetual Futures
OKX announced the listing of SIGN/USDT perpetual futures at 8:30 PM Korean time on the 28th through its official website.
Bitget Lists SIGN in Innovation Zone
Bitget announced the listing of SIGN in the innovation zone and Web3 zone at 8 PM Korean time on the 28th.
Bitget Lists TAI Perpetual Futures
Bitget announced the listing of TAI perpetual futures.
OKX Delists ZKJ Perpetual Futures
OKX announced that it will delist the ZKJ/USDT perpetual futures trading pair on April 30 at 5 PM (Korean time).
Bit Layer Supports 'Monad' Testnet on BitVM Bridge
Bit Layer announced that it supports the EVM-compatible blockchain Monad testnet on the BitVM bridge.
Top 3 Futures Exchanges BTC Perpetual Futures Long-Short Ratio
Based on open interest, the long-short position ratio for BTC perpetual futures at the world's top 3 cryptocurrency futures exchanges is 50.51% long and 49.49% short.
SOLV Rises 20% in a Week
According to Coinness market monitoring, SOLV has risen approximately 20% over the past week.
Melania Team Sells Additional $1.57 Million MELANIA in 3 Days
LookOnChain reported that the Melania (MELANIA) team has sold an additional $1.57 million worth of MELANIA over the past 3 days.
Top 3 Bitcoin Watching Points This Week
Cointelegraph compiled 3 key points to watch for Bitcoin market trends this week: (1) Whether it will retest $92,000 (2) US GDP and PCE trends (3) Short-term holders returning to profit zone.
XMR Sees Sudden Short-Term Surge...Up 30%
Monero (XMR) has surged nearly 30% in the last 15 minutes. It is currently trading at $294.85, up 28%.
BTC Surpasses $94,000
According to Coinness market monitoring, BTC has surpassed $94,000. Based on the Binance USDT market, BTC is trading at $94,000.
