Weekly Market Highlights - Runes in the Spotlight Post Bitcoin Halving

26 April 2024

Macro/TradFi

BlackRock's Bitcoin (BTC) ETF ended its 71-day streak of continuous inflows on April 24 for the first time since its launch on January 11, with seven out of ten similar funds also reporting no new inflows.

Franklin Templeton has introduced peer-to-peer transfers for its on-chain U.S. Government Money Fund, represented by the BENJI token on both Polygon and Stellar blockchains.

Fintech company Stripe is set to support transactions in USDC starting this summer, marking a renewed focus on crypto-based commerce.

Jack Dorsey's Block is building a Bitcoin (BTC) mining system to deepen its involvement in the crypto-mining space. The firm also completed the development of a three-nanometer mining chip, a project that has been underway since April 2023.