● US spot Bitcoin ETF purchases at least 1,000 BTC per day
According to ChainCatcher, HODL15Capital monitoring data shows that only 450 BTC are mined every day, while the US spot Bitcoin ETF buys at least 1,000 every day. In this case, short-term traders will run out of tokens.
● The gap between Grayscale GBTC and BlackRock IBIT’s Bitcoin holdings is narrowing, and it is expected that it may be overtaken next week
According to Odaily Planet Daily, HODL15Capital monitoring shows that the gap between Grayscale GBTC and BlackRock IBIT's Bitcoin holdings has further narrowed, and the former is expected to be overtaken by the latter next week. It is worth noting that the description of "the world's largest (Bitcoin ETF)" has been removed from the Grayscale GBTC official website, which may be because it is expected that BlackRock IBIT's holdings will soon "replace" it.
● MicroStrategy founder: The holdings of 28 Bitcoin spot ETFs around the world are close to Satoshi Nakamoto's address
According to BlockBeats, on May 25, MicroStrategy founder Michael Saylor posted on social media that the Bitcoin held by the world's 28 Bitcoin spot ETFs is close to the scale of Bitcoin held by Satoshi Nakamoto's address.
● PEPE's market value exceeds 6.5 billion US dollars, surpassing LTC to rank 22nd in the cryptocurrency market value ranking
According to ChainCatcher, coingecko data shows that the market value of PEPE has exceeded 6.5 billion US dollars, surpassing LTC (market value of approximately 6.36 billion US dollars), and has risen to 22nd in the cryptocurrency market value ranking. PEPE's token has risen by 13% in the past 24 hours and is currently quoted at 0.00001548 US dollars.
● South Korean regulators face pressure after US SEC approves Ethereum ETF
According to Odaily Planet Daily, after the US SEC recently approved the spot Ethereum ETF 19B-4 form, South Korean regulators are facing increasing pressure to approve cryptocurrency ETFs.
According to FSC regulations, ETFs must strictly comply with the Capital Markets Act, which stipulates that ETFs must be linked only to traditional underlying assets. Seoul-based digital currency data provider Xangle has publicly opposed the ban on digital assets in the traditional securities market, calling it "outdated" and in need of revision to accommodate the growing importance of digital assets in modern finance. Jung Eui-jung, head of the Korean Stockholders’ Alliance, stressed the importance of Seoul following the United States and approving Bitcoin and Ethereum ETFs. Jung warned that if Korean regulators continue to make no progress while the United States is making progress, investors may move their funds to the U.S. market.
● Crypto startups raised $2.4 billion in funding in the first quarter of 2024, a 40% year-on-year increase
According to Blockworks, a report released by PitchBook on Monday showed that in the first quarter of 2024, crypto startups raised $2.4 billion in funding, a 40% increase from investment capital in the last quarter of 2023. In the report, PitchBook analysts wrote: "As positive investor sentiment toward cryptocurrencies returns, we expect the number and pace of investment to continue to increase this year unless there is a major market downturn."
Big deals this week include Web3 social media platform Farcaster raising $150 million in Series A funding led by Paradigm. Other investors include a16z crypto, Haun Ventures, Variant, and Standard Crypto. Also this week, EVM layer-2 Plume announced a $10 million seed round led by Haun Ventures. Other investors include Galaxy Ventures, Superscrypt, and Portal Ventures. Plume was built to bring real-world assets on-chain, and already has over 80 RWA and DeFi projects building on its private testnet.
