TL;DR

Markets:

• BTC is up & ETH is down

• BTC over-performed ETH this week 

• Bitcoin dominance is down

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

Airdrops:

• $CATI

• $BOMBIE

• $SUGAR

• $PWR

News:

• Standard Chartered Launches Bitcoin Custody in UAE

• UK Parliament Recognizes BTC & Crypto as Property

• Ether.Fi Launches Visa Card with Crypto Collateral

• Buterin Sets New Standards for L2 Networks

• Aura and Mycelium Network Partner to Empower Creators

• Fina Card Now Supports Samsung Pass

• SEC Reassesses 'Crypto Asset Securities'

• Venmo, PayPal Add ENS Domain Support

And much more!

BTC & ETH Market Update 📈

Crypto is up this week, with BTC being up 3.6% and ETH down 0.2%:

Bitcoin dominance has decreased over the week, rising from 54.0% to a peak of 54.25% and ending at 54.0%. 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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