TL;DR

Markets:

• BTC is up & ETH is up

• BTC over-performed ETH this week 

• Bitcoin dominance is up

• The hot coin we look at this week is $JKL

Airdrops:

• $TTM

• $TENEO

• $DTOKEN

• $FUEL

News:

• Kraken Launches kBTC Wrapped Bitcoin

• Tesla Moves 11,509 BTC, Sparking Speculations

• Robinhood to Launch Bitcoin and Ether Futures Trading

• Vitalik's Vision for Ethereum's Surge: 100K TPS

• ZetaChain Integrates with Base and Welcomes Coinbase

• Elys Network and Agoric Strategic Partnership

• Kamala Harris Proposes Crypto Support for Black Men

• Polymarket Surpasses $2 Billion in Election Bets

And much more!

BTC & ETH Market Update 📈

Crypto is up this week, with BTC being up 9.0% and ETH up 7.9%:

Bitcoin dominance has increased over the week, starting from 54.4% to a peak of 55.49% and ending at 55.3%. Investor sentiment, regulatory changes, technological advancements, and the overall growth of the cryptocurrency sector shape Bitcoin's market dominance. Its reputation as "digital gold" also enhances its position, making it a key player in the market.

It’s going to be interesting to see whether this trend will continue in the short term, as capital in crypto tends to flow initially to BTC and then further out on the risk-curve, starting with altcoins like ETH and then into mid- or low-cap coins.

Bitcoin is on the verge of breaking a seven-month downtrend, with bulls attempting to push BTC past the key resistance level of $68,000.

This move comes as Bitcoin exchange-traded funds (ETFs) reach a record $65 billion in assets, signaling strong institutional demand.

Whale wallets, which closely mirror the accumulation patterns seen before Bitcoin's 550% rally in 2020, are also increasing their holdings, now representing 9.3% of the total BTC supply.