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  • Memeinator in focus as most meme coins beat Bitcoin in 2024

    Memeinator in focus as most meme coins beat Bitcoin in 2024

    • Bitcoin and Ethereum have jumped by over 50% this year.

    • Meme coins like Floki, Pepe, and Book of Meme have done much better.

    • Memeinator is one of the fastest-growing names in the industry.

    Many meme coins are doing better than big cryptocurrencies like Bitcoin, Ethereum, and Ripple in 2024. Bitcoin and Ethereum have jumped by more than 50% this year while Ripple has dropped by over 20%. 

    Meme coins are thriving

    On the other hand, meme tokens like Floki, Book of Meme, and Pepe have done much better. Floki has soared by over 450% this year while Pepe has jumped by over 700% in the same period. 

    The same is happening among other meme coins like dogwifhat, Bonk, and Book of Meme, which have all doubled this year. As a result, all meme coins tracked by CoinGecko and CoinMarketCap have gained a market cap of over $60 billion, making them bigger than well-known companies like Lazard, General Motors, Ford, and Stellantis. 

    This trend could continue as more traders seek refuge in meme coins and celeb-themed tokens. For example, earlier this week, Rapper Iggy Azalea’s MOTHER token gained a market cap of over $300 million. It was then passed by DADDY, the new token being promoted by Andrew Tate, the popular provocateur.

    Meme coins do better than big coins like Bitcoin for two main reasons. First, they tend to be driven by hype and momentum. Second, unlike Bitcoin, these tokens are easy to manipulate since most of them are usually held by insiders.

    Third, meme coins trade for lower notional value than Bitcoin. While Bitcoin was trading at $67,000 on Saturday, Memeinator was going for $0.01820 while tokens like Pepe and Minu were going for much lower.

    As a result, traders argue that buying cheaper meme coins will always generate a better return than investing in bigger coins. For example, while it is easy for Pepe to double, it takes longer for Bitcoin to do the same.

    Memeinator to be in focus

    Meanwhile, many crypto traders are now focusing on Memeinator, one of the fastest-growing meme coins.

    The token, which concluded its token sale recently, has already achieved listings by some of the leading exchanges in the industry like Uniswap and MEXC. The developers are hoping to get listings by other exchanges in the coming months.

    Memeinator is a cryptocurrency that seeks to take advantage of several key themes in the industry. It is aiming to join the meme coin craze that is spreading in the crypto sector. 

    In addition to that, the developers hope that it will benefit from the artificial intelligence theme that has become the biggest one globally. Apple launched its Apple Intelligence suite of products while Mistral AI raised over $600 million from investors. 

    Further, Memeinator aims to be a leading player in the gaming industry. They are now building the Meme Warfare game that will reward users for winning. You can learn more about Memeinator here.

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  • Memeinator in focus as most meme coins beat Bitcoin in 2024

    Memeinator in focus as most meme coins beat Bitcoin in 2024

    • Bitcoin and Ethereum have jumped by over 50% this year.

    • Meme coins like Floki, Pepe, and Book of Meme have done much better.

    • Memeinator is one of the fastest-growing names in the industry.

    Many meme coins are doing better than big cryptocurrencies like Bitcoin, Ethereum, and Ripple in 2024. Bitcoin and Ethereum have jumped by more than 50% this year while Ripple has dropped by over 20%. 

    Meme coins are thriving

    On the other hand, meme tokens like Floki, Book of Meme, and Pepe have done much better. Floki has soared by over 450% this year while Pepe has jumped by over 700% in the same period. 

    The same is happening among other meme coins like dogwifhat, Bonk, and Book of Meme, which have all doubled this year. As a result, all meme coins tracked by CoinGecko and CoinMarketCap have gained a market cap of over $60 billion, making them bigger than well-known companies like Lazard, General Motors, Ford, and Stellantis. 

    This trend could continue as more traders seek refuge in meme coins and celeb-themed tokens. For example, earlier this week, Rapper Iggy Azalea’s MOTHER token gained a market cap of over $300 million. It was then passed by DADDY, the new token being promoted by Andrew Tate, the popular provocateur.

    Meme coins do better than big coins like Bitcoin for two main reasons. First, they tend to be driven by hype and momentum. Second, unlike Bitcoin, these tokens are easy to manipulate since most of them are usually held by insiders.

    Third, meme coins trade for lower notional value than Bitcoin. While Bitcoin was trading at $67,000 on Saturday, Memeinator was going for $0.01820 while tokens like Pepe and Minu were going for much lower.

    As a result, traders argue that buying cheaper meme coins will always generate a better return than investing in bigger coins. For example, while it is easy for Pepe to double, it takes longer for Bitcoin to do the same.

    Memeinator to be in focus

    Meanwhile, many crypto traders are now focusing on Memeinator, one of the fastest-growing meme coins.

    The token, which concluded its token sale recently, has already achieved listings by some of the leading exchanges in the industry like Uniswap and MEXC. The developers are hoping to get listings by other exchanges in the coming months.

    Memeinator is a cryptocurrency that seeks to take advantage of several key themes in the industry. It is aiming to join the meme coin craze that is spreading in the crypto sector. 

    In addition to that, the developers hope that it will benefit from the artificial intelligence theme that has become the biggest one globally. Apple launched its Apple Intelligence suite of products while Mistral AI raised over $600 million from investors. 

    Further, Memeinator aims to be a leading player in the gaming industry. They are now building the Meme Warfare game that will reward users for winning. You can learn more about Memeinator here.

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  • Memeinator in focus as most meme coins beat Bitcoin in 2024

    Memeinator in focus as most meme coins beat Bitcoin in 2024

    • Bitcoin and Ethereum have jumped by over 50% this year.

    • Meme coins like Floki, Pepe, and Book of Meme have done much better.

    • Memeinator is one of the fastest-growing names in the industry.

    Many meme coins are doing better than big cryptocurrencies like Bitcoin, Ethereum, and Ripple in 2024. Bitcoin and Ethereum have jumped by more than 50% this year while Ripple has dropped by over 20%. 

    Meme coins are thriving

    On the other hand, meme tokens like Floki, Book of Meme, and Pepe have done much better. Floki has soared by over 450% this year while Pepe has jumped by over 700% in the same period. 

    The same is happening among other meme coins like dogwifhat, Bonk, and Book of Meme, which have all doubled this year. As a result, all meme coins tracked by CoinGecko and CoinMarketCap have gained a market cap of over $60 billion, making them bigger than well-known companies like Lazard, General Motors, Ford, and Stellantis. 

    This trend could continue as more traders seek refuge in meme coins and celeb-themed tokens. For example, earlier this week, Rapper Iggy Azalea’s MOTHER token gained a market cap of over $300 million. It was then passed by DADDY, the new token being promoted by Andrew Tate, the popular provocateur.

    Meme coins do better than big coins like Bitcoin for two main reasons. First, they tend to be driven by hype and momentum. Second, unlike Bitcoin, these tokens are easy to manipulate since most of them are usually held by insiders.

    Third, meme coins trade for lower notional value than Bitcoin. While Bitcoin was trading at $67,000 on Saturday, Memeinator was going for $0.01820 while tokens like Pepe and Minu were going for much lower.

    As a result, traders argue that buying cheaper meme coins will always generate a better return than investing in bigger coins. For example, while it is easy for Pepe to double, it takes longer for Bitcoin to do the same.

    Memeinator to be in focus

    Meanwhile, many crypto traders are now focusing on Memeinator, one of the fastest-growing meme coins.

    The token, which concluded its token sale recently, has already achieved listings by some of the leading exchanges in the industry like Uniswap and MEXC. The developers are hoping to get listings by other exchanges in the coming months.

    Memeinator is a cryptocurrency that seeks to take advantage of several key themes in the industry. It is aiming to join the meme coin craze that is spreading in the crypto sector. 

    In addition to that, the developers hope that it will benefit from the artificial intelligence theme that has become the biggest one globally. Apple launched its Apple Intelligence suite of products while Mistral AI raised over $600 million from investors. 

    Further, Memeinator aims to be a leading player in the gaming industry. They are now building the Meme Warfare game that will reward users for winning. You can learn more about Memeinator here.

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  • Memeinator in focus as most meme coins beat Bitcoin in 2024

    Memeinator in focus as most meme coins beat Bitcoin in 2024

    • Bitcoin and Ethereum have jumped by over 50% this year.

    • Meme coins like Floki, Pepe, and Book of Meme have done much better.

    • Memeinator is one of the fastest-growing names in the industry.

    Many meme coins are doing better than big cryptocurrencies like Bitcoin, Ethereum, and Ripple in 2024. Bitcoin and Ethereum have jumped by more than 50% this year while Ripple has dropped by over 20%. 

    Meme coins are thriving

    On the other hand, meme tokens like Floki, Book of Meme, and Pepe have done much better. Floki has soared by over 450% this year while Pepe has jumped by over 700% in the same period. 

    The same is happening among other meme coins like dogwifhat, Bonk, and Book of Meme, which have all doubled this year. As a result, all meme coins tracked by CoinGecko and CoinMarketCap have gained a market cap of over $60 billion, making them bigger than well-known companies like Lazard, General Motors, Ford, and Stellantis. 

    This trend could continue as more traders seek refuge in meme coins and celeb-themed tokens. For example, earlier this week, Rapper Iggy Azalea’s MOTHER token gained a market cap of over $300 million. It was then passed by DADDY, the new token being promoted by Andrew Tate, the popular provocateur.

    Meme coins do better than big coins like Bitcoin for two main reasons. First, they tend to be driven by hype and momentum. Second, unlike Bitcoin, these tokens are easy to manipulate since most of them are usually held by insiders.

    Third, meme coins trade for lower notional value than Bitcoin. While Bitcoin was trading at $67,000 on Saturday, Memeinator was going for $0.01820 while tokens like Pepe and Minu were going for much lower.

    As a result, traders argue that buying cheaper meme coins will always generate a better return than investing in bigger coins. For example, while it is easy for Pepe to double, it takes longer for Bitcoin to do the same.

    Memeinator to be in focus

    Meanwhile, many crypto traders are now focusing on Memeinator, one of the fastest-growing meme coins.

    The token, which concluded its token sale recently, has already achieved listings by some of the leading exchanges in the industry like Uniswap and MEXC. The developers are hoping to get listings by other exchanges in the coming months.

    Memeinator is a cryptocurrency that seeks to take advantage of several key themes in the industry. It is aiming to join the meme coin craze that is spreading in the crypto sector. 

    In addition to that, the developers hope that it will benefit from the artificial intelligence theme that has become the biggest one globally. Apple launched its Apple Intelligence suite of products while Mistral AI raised over $600 million from investors. 

    Further, Memeinator aims to be a leading player in the gaming industry. They are now building the Meme Warfare game that will reward users for winning. You can learn more about Memeinator here.

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  • Ethena (ENA) investors turn to Oasis (ROSE) and Bitbot for potential gains

    Ethena (ENA) investors turn to Oasis (ROSE) and Bitbot for potential gains

    Ethena (ENA) investors turn to Oasis (ROSE) and Bitbot for potential gains
    • Ethena (ENA) struggles with bearish trends, eyes set on $0.65 support.
    • Oasis (ROSE) showcases bullish resilience driven by robust technology.
    • Bitbot presale investors eyes token claiming via Telegram ahead of plans DEX listing.

    Ethena (ENA), recently a darling of many crypto investors with an impressive bullish rally, is facing a prolonged bear trend, prompting investors to seek alternative opportunities in assets like Oasis (ROSE) and innovative platforms such as Bitbot.

    While Ethena declines, Oasis stand as compelling alternative for its sustained gains and Bitbot’s native token, $BITBOT, is projected to surge upon exchange listing.

    Ethena price falls as analysts point to further decline

    Market analysis of Ethena (ENA) reveals a downtrend marked by failed attempts at bullish reversals and significant price retracements.

    Despite initial optimism, the token struggled to maintain key psychological levels, notably failing to sustain the $1 mark.

    While some traders anticipate a potential bullish comeback if critical support levels around $0.65 hold firm, technical indicators, including the MACD and EMA charts, highlight ongoing bearish pressures.

    The death cross formation on the 4-hour chart underscores the substantial influence of bearish sentiment, suggesting that Ethena may face further challenges in reclaiming previous highs without significant market shifts.

    Oasis (ROSE) captures investors’ attention with its sustained rally

    In contrast to Ethena’s struggles, Oasis (ROSE) has emerged as a beacon of optimism in the cryptocurrency market.

    The native asset of Oasis Network, ROSE, has defied broader market trends with a notable uptrend characterized by a rounding bottom pattern and a golden cross of the 50-day and 200-day EMAs—a bullish signal highly regarded in technical analysis.

    Investor sentiment towards ROSE has been bolstered by its resilience amidst market volatility. The token recently saw a significant rebound from support levels around $0.080, reclaiming key thresholds like $0.10 and nearing the billion-dollar market capitalization mark.

    Analysts speculate that ROSE could potentially reach the psychological milestone of $1 within the near future, buoyed by robust technical indicators and growing investor confidence.

    The integration of privacy-focused technologies and scalable solutions within Oasis Network, including Sapphire and native rollup support, further positions ROSE as a promising contender in sectors spanning decentralized finance (DeFi), artificial intelligence (AI), and beyond.

    Bitbot investors eagerly await token claiming and exchange listing

    While Oasis (ROSE) offers an alternative investment opportunity for Ethena investors, Bitbot, the pioneering AI-powered Telegram trading bot, has garnered significant attention following the successful conclusion of its public presale, which raised over $4.3 million.

    Designed to democratize access to institutional-grade trading tools, Bitbot offers features such as real-time market data integration, non-custodial wallet capabilities, and a user-friendly interface accessible directly through Telegram.

    Following the successful presale, Bitbot investors are now eagerly anticipating the commencement of token claiming via its Telegram bot in the coming weeks. This feature will allow users to secure their tokens and participate in the platform’s ecosystem, which includes earning incentives through trading fees and token taxes.

    Looking ahead, Bitbot’s roadmap outlines ambitious plans, including listing on decentralized exchanges (DEXes), launching its native mobile app, and expanding to support multiple blockchain networks.

    These developments are set to further enhance Bitbot’s functionality and accessibility, catering to a global community of crypto enthusiasts seeking innovative trading solutions.

    Conclusion

    While Ethena (ENA) faces challenges amidst a bearish market sentiment ROSE’s impressive performance and technological advancements make it a compelling option for those seeking growth.

    On the other hand Bitbot’s upcoming developments promise to revolutionize how traders engage with digital assets.

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  • Riot Platforms wants to buy Bitfarms for $950 million

    Riot Platforms wants to buy Bitfarms for $950 million

    Riot Platforms wants to buy Bitfarms for $950 million
    • Riot Platforms offers $950M to acquire Canadian Bitcoin miner Bitfarms.
    • Bitfarms is facing leadership turmoil amid CEO Geoffrey Morphy’s lawsuit.
    • The merger would create largest publicly listed Bitcoin miner by capacity.

    Riot Platforms, a prominent Bitcoin miner and Bitfarms’ largest shareholder, has made a hostile takeover offer of $950 million for Bitfarms, a Canadian Bitcoin mining company.

    Riot’s buyout offer represents a 24% premium over Bitfarms’ one-month volume-weighted average share price as of May 24, 2024.

    Shareholders to own 17% of Bitfarms after Riot’s takeover

    Riot Platforms, already the largest shareholder in Bitfarms with a 9.25% stake, had initially approached Bitfarms’ board with a private offer on April 22.

    However, following the rejection of the offer, Riot has now taken the proposal public.

    The deal would involve a combination of cash and common stock, with Bitfarms shareholders standing to own approximately 17% of the merged entity.

    Bitfarms’ disputes with former CEO

    The timing of Riot’s bid coincides with a period of transition and turmoil within Bitfarms’ management. The company has been grappling with the departure of its CEO, Geoffrey Morphy, who was dismissed in May amidst a legal dispute.

    Morphy’s abrupt exit and subsequent lawsuit against Bitfarms for breach of contract and wrongful dismissal have raised questions about the company’s leadership stability and governance practices.

    Riot Platforms has seized upon these developments to assert its case for the acquisition, alleging that certain directors, including Bitfarms’ co-founders Nicolas Bonta and Emiliano Grodzki, may not be acting in the best interests of shareholders.

    Riot has pledged to push for the addition of new, independent directors to Bitfarms’ board through a special shareholders meeting scheduled after the company’s upcoming Annual General and Special Meeting on May 31.

    Bitfarms’ disappointing earnings compared to Riot Platforms

    Notably, Bitfarms’ disappointing earnings in 2023, despite a costly technical upgrade, have contributed to its vulnerability.

    Analysts had expected better performance post-Bitcoin halving, but Bitfarms’ April earnings dropped 29% year-on-year.

    In contrast, Riot reported a 131% increase in net income in Q1 2024, reaching $211 million.

    If successful, the combined entity would emerge as the largest publicly listed Bitcoin miner, boasting significant self-mining and power capacities.

    Riot Platforms envisions leveraging this enhanced scale and operational efficiency to drive future value creation for shareholders and strengthen its competitive position in the burgeoning cryptocurrency mining industry.

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  • Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch

    Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch

    Notcoin price soars after beating Bitcoin in vote post NOT Airdrop launch
    • Notcoin price surges 33.42%, reaching $0.006884 after community votes favor it over Bitcoin.
    • New NOT airdrop and earning missions boost user engagement and investment interest.
    • Notcoin (NOT) is currently on its way back to its Binance listing price

    Notcoin (NOT) price has seen a remarkable surge in its price, climbing by over 33.42% in the past 24 hours to reach $0.006884.

    This surge has catapulted Notcoin’s market cap to over $707 million, reflecting a 33.38% increase and placing it at number 114 in cryptocurrency market cap ranking.

    The NOT price spike follows a favorable community vote where Notcoin was overwhelmingly preferred over Bitcoin, capturing 86.2% of the 29,711 votes cast in a recent social media poll.

    Comparing Notcoin and Bitcoin

    Notcoin’s development team has been making strategic marketing moves by the team behind the project. The team has drawn comparisons with Bitcoin, highlighting Notcoin’s limited supply, wide distribution, and relative affordability.

    They pointed out that the last time Bitcoin had a market cap of around $0.5 billion in 2013, its price was approximately $100. This historical perspective aims to underscore Notcoin’s growth potential.

    The NOT Airdrop

    Adding to the excitement, Notcoin announced the launch of NOT Airdrop Phase 1 on May 26, 2024. Users can connect their wallets to check their airdrop allocation, adding another layer of engagement and incentive for the community.

    This announcement has likely fueled the recent trading frenzy, with 24-hour trading volume soaring by 217.43% to $544.8 million, positioning Notcoin at number 20 in trading volume.

    Notcoin’s passive earning feature

    Notcoin has also introduced “earning missions,” a new feature that allows users to earn NOT tokens passively by engaging with various partner projects and communities.

    Under this feature, users can increase their rewards by staking NOT, with higher levels like Platinum offering the most substantial returns.

    In closing, Notcoin team’s comparison to Bitcoin, coupled with active community engagement through polls, airdrops, and innovative earning mechanisms, has created a perfect storm of interest and investment.

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  • UK High Court Judge rules against Craig Wright over Bitcoin copyright claims

    UK High Court Judge rules against Craig Wright over Bitcoin copyright claims

    UK High Court rules against Craig Wright over Bitcoin (BTC) copyright claims

    The UK High Court has delivered a damning verdict against Craig Wright, a controversial figure claiming to be the elusive creator of Bitcoin, Satoshi Nakamoto.

    Judge James Mellor, in a written judgment, asserted that Wright had lied “extensively and repeatedly” throughout the trial, further accusing him of presenting “fabricated” evidence to support his claims.

    COPA wins against Craig Wright

    Judge Mellor’s ruling serves as a culmination of a protracted legal battle that has spanned several years.

    The lawsuit, brought forth by the Crypto Open Patent Alliance (COPA), aimed to challenge Craig Wright’s assertions of ownership over the intellectual rights to Bitcoin’s code and whitepaper.

    Wright’s purported attempts to lay claim to these foundational aspects of the cryptocurrency ecosystem have been met with scepticism and legal resistance from various quarters.

    Wright’s litigious nature, characterized by numerous lawsuits against developers and individuals critical of his claims, has raised concerns within the Bitcoin community.

    However, Mellor acknowledged the adverse impact of Wright’s aggressive legal strategy on Bitcoin developers, stating that Satoshi Nakamoto, known for a collaborative and non-confrontational approach, would unlikely resort to litigation.

    Fabrications and forgeries of documents

    The judgment highlighted Wright’s alleged fabrications and forgeries of documents on a significant scale, all in support of his central claim to be Satoshi Nakamoto.

    The judge characterized Wright’s actions as “clumsy” and underscored the pivotal role these falsehoods played in shaping the trial’s outcome.

    COPA, formed with the primary objective of defending the open nature of the cryptocurrency ecosystem, contested Wright’s assertions, arguing that such claims could stifle innovation and deter developers from contributing to the Bitcoin network.

    Throughout the trial, evidence emerged casting doubt on the authenticity of Wright’s claims.

    Documents submitted by Wright’s defence purportedly supporting his identity as Satoshi Nakamoto were scrutinized, revealing inconsistencies and anomalies.

    Fonts that did not exist at the alleged time of their creation and metadata indicating recent document alterations were among the discrepancies cited in Judge Mellor’s judgment.

    Perjury charges loom over Craig Wright

    The legal saga surrounding Craig Wright has been closely monitored by the cryptocurrency community, given its potential ramifications for the future of Bitcoin and the broader blockchain space.

    While Craig Wright has announced on X that he will be appealing the ruling, the ruling represents a significant setback for his ambitions, with the possibility of perjury charges looming over him.

    In response to the verdict, COPA hailed the decision as a victory for open innovation and the principles upon which Bitcoin was founded.

    The alliance reiterated its commitment to safeguarding the decentralized nature of the cryptocurrency ecosystem, vowing to continue its efforts to protect against unwarranted copyright claims.

    As the dust settles on this legal showdown, the broader implications of Judge Mellor’s ruling reverberate across the cryptocurrency landscape.

    The verdict not only underscores the importance of transparency and integrity within the community but also serves as a cautionary tale against attempts to monopolize or control foundational elements of decentralized technologies like Bitcoin.

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  • Tether partners with RAK DAO to advance crypto education and adoption in UAE

    Tether partners with RAK DAO to advance crypto education and adoption in UAE

    The collaboration, solidified through the signing of a Memorandum of Understanding (MoU), marks a significant step towards fostering blockchain education and adoption in the region.

    Driving Crypto Adoption and Education

    In alignment with RAK DAO’s mission to promote web3 innovation and spur economic growth, Tether will collaborate closely to facilitate the integration of cryptocurrency payments within the region.

    Additionally, the partnership will see the development of comprehensive educational programs through Tether Edu, catering to individuals across various proficiency levels. These initiatives will cover a spectrum of cutting-edge topics including Bitcoin, blockchain, peer-to-peer technologies, stablecoin adoption, and real-world cryptocurrency applications.

    Paolo Ardoino, CEO of Tether, expressed enthusiasm about the collaboration, underscoring the transformative potential of Bitcoin and blockchain technology in the region. He emphasized Tether’s commitment to working alongside RAK DAO to materialize this vision.

    RAK DAO’s Vision for Blockchain Innovation

    Dr. Sameer Al Ansari, CEO of RAK DAO, echoed Ardoino’s sentiments, highlighting the partnership as a pivotal moment in RAK DAO’s journey towards becoming a leading blockchain innovation center.

    By harnessing the power of Bitcoin technology and cryptocurrencies, RAK DAO aims to drive economic growth, foster financial inclusion, and cement its position as a global leader in the digital economy.

    This partnership comes amidst Tether’s recent announcement regarding the implementation of a robust transaction monitoring system for USDT, aimed at safeguarding against illicit activities associated with the stablecoin.

    With Tether’s expertise in stablecoin issuance and RAK DAO’s dedication to blockchain innovation, this collaboration is poised to significantly accelerate the adoption and understanding of cryptocurrency technology in the UAE’s Ras Al Khaimah region.

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  • Crypto investment products see first inflows in over a month

    Crypto investment products see first inflows in over a month

    • Digital assets investment products saw $130 million in inflows, the first after four weeks of outflows.
    • Bitcoin remains above $62k and saw inflows of $144 million this past week.

    As Bitcoin shows fresh resilience above $62,000, latest market data reveals that digital asset investment products recorded inflows for the first time in over a month last week.

    On Monday, digital assets manager CoinShares published its weekly report on crypto investment products.

    The details showed the industry saw $130 million in inflows for the week ending May 10. It’s the first time the metric reads positive since the first week of April – a run of four weeks of outflows.

    Notably, Bitcoin saw inflows of $144 million, while short-Bitcoin ETPs recorded outflows of $5.1 million.

    The majority of the inflows were seen in the US, with $135 million. Hong Kong saw $19 million in inflows. Elsewhere, Canada and Germany recorded outflows of $20 million and $15 million respectively.

    ETP volumes remain low

    While the week saw inflows overall, CoinShares’s head of research James Butterfill wrote in the company blog that ETP volumes have continued to decline.

    For instance, the market saw ETP volumes of $8 billion last week, while it averaged $17 billion in April.

    “These volumes highlight ETP investors are participating less in the crypto ecosystem at present, representing 22% of total volumes on global trusted exchanges relative to 31% last month,” Butterfill noted.

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