Bitcoin fell 6% in the past few hours, while Ethereum and Dogecoin hit new all-time highs, and Ethereum DeFi liquidity exceeds $77.000 billion for the first time. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Cryptocurrencies and altcoins
📍Bitcoin (BTC) falls by 6% in the last few hours, while Ethereum (ETH) exceeds $3.500 per unit, and Dogecoin (DOGE) reaches fourth place among the cryptocurrencies, most important in the crypto industry.
📍Decentralized finance ecosystems (DeFi) on Ethereum hit a new record high above $77.000 billion according to data from DeFiPulse. The growth of these ecosystems is driven by the increase in liquidity in the protocols Uniswap, InstaDapp, Liquidity y MakerDAO.
For its part, DeFi Llama, another data provider for DeFi, shows that the total liquidity of all decentralized ecosystems developing on Ethereum, BSC, Sola, and other blockchain networks exceeds $136.600 billion.
📍The push from DeFi ecosystems leads the WAVES token, from the Waves blockchain protocol, to grow 90% in the last week, surpassing the $43 per unit, while its market cap peaked at $4.300 billion, with 100 million tokens in circulation. However, at the time of writing, WAVES is trading at $34 per unit.
Bitcoin and Blockchain Adoption
📍The S&P Dow Jones Indices announced the launch of 3 new cryptocurrency indices, designed to measure the performance of cryptoassets in the market. The S&P published a question and answer section noting that the new S&P Indices for Bitcoin and Ethereum are designed to track the performance of these cryptocurrencies directly; while the S&P Cryptocurrency MegaCap Index It was created to track the performance of the same cryptocurrencies, Bitcoin and Ethereum, weighted by market capitalization.
S&P Dow Jones Indices noted that the new cryptocurrency indices seek to provide greater trust and transparency to the growing cryptocurrency and digital asset market.
📍The Oakland Athletics They sell pairs of tickets in Dogecoin (DOGE), the meme cryptocurrency that is having a new bullish momentum in the markets. In its web portal, the professional baseball team is offering pairs of tickets that fans can purchase using DOGE. The offer states that two admission tickets, in a pod at the Plaza Infield for games May 3-6 at the Oakland Coliseum, can be purchased for 100 DOGE.
📍Grayscale's assets under management exceed $49.000 billion again. On Tuesday, Grayscale, the largest digital asset fund manager, highlighted on its Twitter account that its AUM assets almost reached $50.000 billion. The fastest growing crypto funds were those of Ethereum (ETH) and Ethereum Classic (ETC).
📍The famous auction house Sotheby's will sell its first physical artwork in cryptocurrency. According to the Spanish President Pedro Sánchez’s announcement As reported by CNBC, with more than 270 years of history, the growing demand from collectors for digital assets, as a much more fluid and secure payment option, is driving the auction house to accept payments in Bitcoin and Ethereum for its physical works.
The first physical artwork to be auctioned in cryptocurrency at Sotheby's will be a piece by famed artist Banksy.
NFT and DeFi Markets
📍This Tuesday, the market NFT StarColl He launched a collection of NFTs based on real objects from the famous Star Wars saga. According to the announcement, StarColl’s new digital collection is made up of more than 800 limited edition NFTs, backed by a physical item from the saga’s main private collections.
Development and Technology
📍Taproot already has at least half of Bitcoin's computing power, which is committed to its activation. On the web portal taproot.watch, the largest mining pools on the network, such as AntPool, F2Pool y Poole's, which represent 47% of Bitcoin's hash power, confirmed their support for the activation of this technology on the BTC mainnet.
Other BTC mining pools, such as 1THash, Foundry USA y SlushPool They also confirmed their support for the activation of Taproot, bringing the total support of Taproot to 58,74% of Bitcoin mining power.
Rules and Regulations
📍Ripple Labs, the company responsible for the development of the token XRP which is facing a lawsuit from the SEC for allegedly violating U.S. securities laws, solution by Maestrale seamlessly integrates a Rosie Rios to its board of directors. Rios served as U.S. treasurer during the administration of former President Barack Obama from 2009 to 2016.
Rios is a firm believer in cryptocurrencies and Ripple, and has even argued that the company is “one of the best examples of how to use cryptocurrency in a substantial and legitimate role to facilitate payments globally.” Ripple CEO Brad Garlinghouse, also indicted by the SEC, says that Rios’ integration provides invaluable insight for Ripple at a crucial time to define the future of the company and cryptocurrencies.
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