TL;DR

Markets:

• BTC is down & ETH is down

• BTC over-performed ETH this week 

• Bitcoin dominance is down

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

Airdrops:

• $GRA

• $VISTA

• $HOLD

• $DIN

News:

• Swiss Bank ZKB Launches Crypto Trading

• Blockstream's BMN2 Series 3 Launch

• Vitalik's Plan for Pseudo-Decentralized Cities

• EigenLayer Enhances Rewards with Major Update

• Uniswap Fined $175K by CFTC

• KYVE Archives 500GB of Celestia Data

• Binance Exec Gambaryan's Trial Update in Nigeria

• Harris Campaign Accepts Crypto Through PAC

And much more!

BTC & ETH Market Update 📈

Crypto is down this week, with BTC being down 5.6% and ETH down 6.0%:

Bitcoin dominance has decreased over the week, rising from 54.1% to a peak of 54.3% and ending at 5.9%. 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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