👑Bitcoin Dominance Surges to Two-Year High
DeFi Alpha
GM Defiers!
Bitcoin dominance has hit 50% for the first time since April 2021. Meanwhile, decentralized exchange Curve is mulling over expanding its collateral options for its crvUSD stablecoin to include wrapped Bitcoin. In the world of NFTs, the Solana network shows promising signs of recovery with a surge in daily NFT transactions. Meanwhile, the crypto community rallies in support of blockchain detective ZachXBT, quickly raising funds for his legal defense against a defamation lawsuit.
✍️ In today’s newsletter:
- Bitcoin whales accumulated $3.5B in the past 3 months
- Curve proposes to add wBTC and ETH as collateral for crvUSD
- Solana NFT activity doubles in May
- ZachXBT raises over $1M in three days for legal defense
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