TL;DR

• The US Bitcoin ETF recorded a net inflow of US$378 million yesterday.

• Bitwise sees its holdings surpassing 500 BTC, pushing the total value back over US$2 billion.

• ETFStore President reports a US$63 million inflow in GBTC today.

• NFT sales on the Polygon chain exceed US$50 million in April, marking the second-highest record this year.

• Hong Kong Bitcoin Spot ETF accumulates 4,218 BTC within three days post-listing.

• DefiLlama contributor notes an over 80% reduction in ETH transfer costs on Scroll since the Bernoulli upgrade.

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Alpha of the Day

Riding the Wave: US Bitcoin ETF Attracts $378 Million Inflow

Yesterday, the US Bitcoin ETF saw a whirlwind of activity as it recorded a staggering net inflow of US$378 million. The crypto community couldn't help but buzz with excitement as investors flocked to get a piece of the Bitcoin action. With the ETF becoming increasingly popular, it's no surprise that it's making waves in the financial world. Whether it's seasoned investors or newcomers to the crypto space, everyone seems eager to ride the Bitcoin wave and capitalize on its potential.

Bitwise Hits the Bullseye: Holdings Surpass 500 BTC

Bitwise, one of the key players in the crypto investment arena, celebrated a significant milestone as its holdings surged past the 500 BTC mark. This feat propelled the total value of their holdings back over the coveted US$2 billion threshold. As the crypto market continues to evolve, Bitwise's achievement serves as a testament to the growing interest and confidence in Bitcoin among institutional investors. It's a clear sign that Bitcoin isn't just a passing trend but a serious contender in the world of finance.

Riding the Crypto Wave: ETFStore President Reports $63 Million Inflow in GBTC

ETFStore President made headlines today with the announcement of a whopping US$63 million inflow in GBTC. This surge in investment activity signals a renewed enthusiasm among investors for exposure to the crypto market. With Bitcoin gaining mainstream acceptance and recognition, it's no wonder that institutional and retail investors alike are flocking to get a piece of the action. As the crypto market continues to mature, such significant inflows are likely to become more common.

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Nigeria's Crypto Crackdown: P2P Trading Set to be Banned

In a surprising move, Nigeria announced plans to prohibit peer-to-peer (P2P) cryptocurrency trading, sending shockwaves through the crypto community. This decision comes amid growing regulatory scrutiny and concerns about the potential risks associated with decentralized digital currencies. While the Nigerian government aims to curb illicit activities, many in the crypto space view this move as a setback for innovation and financial freedom.

Polygon NFT Market Booms: Sales Exceed $50 Million in April

April proved to be a monumental month for the NFT market on the Polygon chain, with sales surpassing a staggering US$50 million. This milestone marked the second-highest record for NFT sales this year, highlighting the growing popularity of digital collectibles and art on the blockchain. As more artists, creators, and collectors flock to Polygon, the platform's NFT ecosystem continues to thrive, offering new opportunities for innovation and creativity.

Bitcoin ETF Success: Hong Kong Spot ETF Accumulates 4,218 BTC

The launch of the Hong Kong Bitcoin Spot ETF garnered significant attention as it swiftly accumulated 4,218 BTC within just three days post-listing. This remarkable achievement underscores the growing demand for regulated crypto investment products in traditional financial markets. With Hong Kong emerging as a key player in the crypto space, the success of the Bitcoin Spot ETF sets a promising precedent for future developments in the region.

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friend.tech Unveils V2 Edition: Embracing Innovation

Today marks a significant milestone for friend.tech as it officially launches its V2 edition. With a slew of new features and enhancements, V2 promises to deliver an even more seamless and user-friendly experience for its users. As the crypto landscape continues to evolve, friend.tech remains committed to pushing the boundaries of innovation and technology, ensuring that users stay ahead of the curve in this fast-paced industry.

Combatting Phishing: Slow Mist Cosine Offers Insights and Solutions

Slow Mist Cosine sheds light on the prevalent issue of probability-based phishing tactics in the crypto space. By advocating for proactive measures such as whitelisting and visual inspection, Slow Mist Cosine empowers users to safeguard their digital assets and protect themselves against potential threats. As phishing attacks become increasingly sophisticated, education and awareness are crucial in maintaining a secure and resilient crypto ecosystem.

Scroll's Bernoulli Upgrade Pays Off: ETH Transfer Costs Drop by Over 80%

DefiLlama contributor celebrates the success of Scroll's Bernoulli upgrade, which has resulted in a remarkable over 80% reduction in ETH transfer costs. This significant improvement not only enhances the user experience but also contributes to the overall efficiency and scalability of the Ethereum network. As Scroll continues to innovate and optimize its protocol, users can look forward to even greater benefits and advancements in the world of decentralized finance.

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