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Tesla and SpaceX have a combined total of $1.34 billion in Bitcoin holdings now revealed to the public.
MakerDAO, in an accelerated governance proposal, has implemented temporary fee changes to the Maker Protocol in order to shore up support for the Dai stablecoin amid market volatility. The Dai saving rate has been increased from 5% to 15%, among other changes, as Maker attempts to alleviate sell pressure of the dollar-pegged stablecoin.
Quick Take: The volume of Bitcoin moved in the past week is the highest in 18 months, and miner revenue has grown to match it, according to The Block’s data. Bitcoin miners are racing to purchase equipment and searching for locations with low-cost electricity in order to run them, according to a report in Bloomberg.
The upgrade marks the start of Ethereum’s rollup-focused roadmap, laying the groundwork for L2 platform ecosystem growth.
Bitcoin accumulation addresses are witnessing daily inflows of 38,000 BTC, pushing their total holdings to record-high levels of 1.5 million BTC.
FLOKI broke into the top 50 and PEPE’s price climbed by 15.32% in the last 24 hours. Indicators including the AO and RSI suggested a bullish momentum for FLOKI. PEPE maintained its bullish outlook, indicating a rise to $0.000010.
Worldcoin surged 85% this week after rebounding from an early pullback. BNB reversed upwards to continue its trend from October 2023, achieving a 2-year high. WLD and BNB rallied with Bitcoin’s surge to a new ATH of $70,184.
The total crypto market cap has soared past $2.7 trillion.
BTC and ETH outperformed the S&P 500 in the just-concluded week. A break through the $69,055 resistance could send BTC toward $72,000. ETH’s buying momentum stalled but bullish dominance could drive the price to $4,200.