Premium Newsletter Week 44 2024

Keeping you updated on crypto, web3 and blockchain

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 $BTC

Airdrops:

  • $CLONE

  • $PAWS

  • $HANA

  • $ARCH

News:

  • Microsoft Considers Bitcoin Investment

  • Mollah Claims to Be Satoshi Nakamoto

  • UBS Embraces Ethereum with Tokenized Fund Launch

  • Vitalik Leads KOL Mindshare Amidst Ethereum Defense

  • Secret Network Integrates with Colossus Italy

  • Injective Reveals iAgent: AI-Powered SDK

  • Consensys Reduces Workforce by 20% Amid Legal Challenges

  • Coinbase Enhances Trading with Real-Time Funding

And much more!

BTC & ETH Market Update 📈

Crypto is up this week, with BTC being up 3.0% and ETH up 0.9%:

Bitcoin dominance has increased over the week, starting from 55.57% to a high of 56.78% and ending at 56.5%. 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.

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