Bitcoin and altcoins this week

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🥇 Ark's Spot #Bitcoin ETF experiences the largest daily outflow of any #Bitcoin ETF, excluding Grayscale, with a record $88 million exiting the fund.

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"How is your crypto going?"

Me:

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JUST IN : EU 🇪🇺 regulators may require DeFi frontends to obtain a MiCA license in 2025.

Only KYC compliant online frontends will be allowed, publishing normal DeFi frontend internet domains impossible.

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⚡NEW : Bank of England 🏴󠁧󠁢󠁥󠁮󠁧󠁿 to open digital securities sandbox applications as early as autumn 2024.

The Block Pro has reported that the Bank of England will allow the first batch of applicants to enter the digital securities sandbox as early as autumn 2024.

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💰 Ethereum racked up $1.2 billion in revenue from transaction fees in Q1 2024, or 155% more than in the first quarter last year.

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JUST IN : #Binance 🟠 Stops Support for Bitcoin NFT Trades.

Binance NFT will no longer support trades and deposits of #Bitcoin NFTs after April 18, 2024. Users are urged to withdraw their Bitcoin NFTs through the Bitcoin network by May 18, 2024.

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Altcoins trying to hype Bitcoin

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💰 Ripple to Launch Stablecoin Pegged to the US 🇺🇸 Dollar.

Ripple’s stablecoin will be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations.

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Some big names that changed the world

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🪙2 weeks and 2,000 blocks remain until Bitcoin halving.

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Goodbye bear, the halving is near.

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🪙Bitcoin ETFs are a focus in South Korea's upcoming elections, with the Democratic Party pledging to lift restrictions on US ETFs holding tokens if they gain legislative control.

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