TLDR: BTC Dips After ETF Approvals, BTC ETFs Goes Global, SEC Delays ETH ETFs, Ethereum Dencun Upgrade Goes Live, Inscriptions on Cosmos Hub, dYdX Becomes Largest DEX, Manta Token Launch, Is Aave Going to Solana?

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Bitcoin Highlights of the Week

BTC Dips After ETF Approvals

After the mass BTC ETF approvals in week 2, BTC took a plunge. Provided BTC is the largest assets in crypto, this plunge resulted in a total a quarter billion dollars in wealth being wiped out.

BTC ETFs Goes Global

After the mass BTC ETF approvals in the US, a number of various countries and regions are eyeing to get BTC ETFs approved as well. In Hong Kong, at least 10 asset managers have been preparing to launch a spot BTC ETFs. Most notable is Venture Smart Financial Holdings (VSFG), which is set to launch their BTC ETF by Q1Y24.

Bitcoin Mining Becomes More Sustainable

In the latest Bitcoin ESG Forecast, it has been concluded that BTC mining is moving in a greener direction. Long has BTC mining been a culprit in emissions, however the ESG Forecast revealed that mining using sustainable energy has increased to a new all-time high of 54.5%, with sustainable mining rising by 3.6% overall during the calendar year of 2023.

Tether becomes 11th-largest holder of BTC

Stablecoin issuer Tether has silently become the 11th-largest bitcoin holder in the world, following a $380m purchase that brings its total holdings to 66,465 BTC. Tether’s market share grew by 21% over 2023, now dominating the stablecoin market with a 71% share.

BRC-20 Tokens To Become Key Narratives for BTC

Crypto exchange Binance’s research arm highlighted the growth of BRC-20 tokens in its latest report, arguing that it’s one of the most important narratives of 2023 despite many being skeptical about Ordinal’s place in the Bitcoin ecosystem.

Ethereum Highlights of the Week

SEC Delays ETH ETFs

This week, the SEC has punted at changes to be made to Fidelity’s ETH ETF until May. Fidelity is leading the ETH ETF race, so this should serve as a bench for other players eager to get their ETF ETF approved.

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