TL;DR

Markets:

• BTC is down & ETH is down

• BTC under-performed ETH this week 

• Bitcoin dominance is up

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

Airdrops:

• $MBNB

• $BOOL

• $JUP

• $FREN

News:

• S. Korea Pension Fund Buys $34m MicroStrategy Shares

• Miner Capitulation Hints at Bitcoin Bottom

• Aleph Zero Launches zkOS-Powered Ethereum Layer 2

• Vitalik Donates $500K in Memecoins to Charity

• USDC ‘Tap-and-Go’ Feature Set for iPhone Launch

• Cronos zkEVM Launches with Ethereum Bridge

• Dubai Court Approves Crypto Salary Payments

• SEC Subpoenas Crypto VCs, Expands Crackdown

And much more!

BTC & ETH Market Update 📈

Crypto is down this week, with BTC being down 4.3% and ETH down 2.1%:

Bitcoin dominance has increased over the week, rising from 54.3% to a peak of 54.59% and ending at 53.8%. Bitcoin dominance is up due to strong bullish momentum, significant short position liquidations, successful breakouts above key levels, positive market sentiment, and ongoing institutional interest.

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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