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🎉🚀 Bitcoin (BTC) enthusiasts, buckle up! Q1 2024 has been a blast for our favorite digital asset, marking its third-best quarter in the past three years, says a report from Kaiko. 📈 BTC recorded a whopping $1.4 trillion in trading volumes between January and March 2024, a 107% increase from the $674 billion in Q4 2023. 🎯 The last time we saw similar volumes was in Q1 and Q2 2021, with $1.93 trillion and $2.16 trillion traded respectively. This surge in trading volumes signals stronger market engagement and improved market participation. 🎊 Major exchanges like OKX and Bybit saw significant growth, while smaller Asian platforms like Bithumb, Korbit, Bitflyer, and Zaif recorded the highest percentage increase in trading volumes. 🌏 The star of the show? The launch of spot Bitcoin ETFs in the United States. 🇺🇸 High demand for these ETFs positively impacted BTC's price, causing it to close the quarter with a 64% gain. 📊 Meanwhile, the 60-day correlation between BTC and altcoins hit multi-year lows in Q1 2024. Kaiko attributes this to altcoins' competition for liquidity, while Bitcoin saw high inflows amid the launch of spot ETFs. 🚀 So, here's to Bitcoin's continued success! 🥂🎉

🎉🚀 Bitcoin (BTC) enthusiasts, buckle up! Q1 2024 has been a blast for our favorite digital asset, marking its third-best quarter in the past three years, says a report from Kaiko. 📈

BTC recorded a whopping $1.4 trillion in trading volumes between January and March 2024, a 107% increase from the $674 billion in Q4 2023. 🎯 The last time we saw similar volumes was in Q1 and Q2 2021, with $1.93 trillion and $2.16 trillion traded respectively.

This surge in trading volumes signals stronger market engagement and improved market participation. 🎊 Major exchanges like OKX and Bybit saw significant growth, while smaller Asian platforms like Bithumb, Korbit, Bitflyer, and Zaif recorded the highest percentage increase in trading volumes. 🌏

The star of the show? The launch of spot Bitcoin ETFs in the United States. 🇺🇸 High demand for these ETFs positively impacted BTC's price, causing it to close the quarter with a 64% gain. 📊

Meanwhile, the 60-day correlation between BTC and altcoins hit multi-year lows in Q1 2024. Kaiko attributes this to altcoins' competition for liquidity, while Bitcoin saw high inflows amid the launch of spot ETFs. 🚀

So, here's to Bitcoin's continued success! 🥂🎉

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🚨Breaking News!🚨 Neel Somani, the head honcho of Ethereum layer 2 blockchain project Eclipse, is temporarily stepping back from his role amidst allegations of sexual misconduct. 😲 Somani, who has been vocal about his innocence, addressed the allegations on May 9th. He stated, "Serious allegations have been made against me on Twitter in the last week. These allegations are false." He further emphasized the gravity of the situation and the need for a thorough investigation. 🕵️‍♂️ In the meantime, he's decided to step back from his public-facing role at Eclipse. He's confident that the senior leadership can handle the responsibilities in his absence. "While I work to clear my name and defend myself, it isn't fair for the team at Eclipse, our investors, or our ecosystem of developers to have this situation weighing on their reputations," he said. 🙇‍♂️ Eclipse has responded to the situation, affirming its support for a thorough investigation and its dedication to transparency and accountability. The company remains committed to its mission to bridge the gap between Ethereum and Solana and build a high-performing blockchain for the future of the crypto industry. 🚀 Despite the controversy, Eclipse recently announced a successful Series A funding round, raising $50 million ahead of its mainnet debut. The funding round, co-led by Placeholder and Hack VC, brought the total amount raised by the company to $65 million. 💰 Stay tuned for more updates on this developing story! 📰
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🚀 Hold onto your hats, BTC enthusiasts! The legal tussle between Ripple and the SEC is heating up! 🔥 The focus is on whether a key witness's declaration is standard evidence or unsolicited expert testimony. As we all eagerly await the court's decision, whispers of a potential settlement this summer are making the rounds. 🌞 The drama began in December 2020 and has been escalating in recent weeks. The SEC filed its opposition to Ripple's motion to strike new expert materials on April 29, insisting that the key witness's declaration is "standard summary evidence." 📝 Ripple, however, isn't backing down. It argues that the declaration is an unsolicited expert opinion and that the SEC failed to disclose the witness before the end of the discovery process. 🥊 Meanwhile, the SEC has filed its remedies reply brief and supporting exhibits under seal, marking the end of the briefs phase. Now, both parties are playing the waiting game for the judge's ruling. ⚖️ American lawyer Jeremy Hogan predicts a $100 million settlement this summer, which is far less than the $2 billion penalty sought by the SEC and much more than the $10 million Ripple agreed to pay. 💰 Stay tuned, folks! This legal rollercoaster ride is far from over! 🎢
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