TL;DR

Markets:

• BTC is up & ETH is up

• BTC over-performed ETH this week 

• Bitcoin dominance is down

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

Airdrops:

• $ZETA

• $SOCIAL

• $TRVL

• $MYCEL

News:

• Louisiana Adopts Bitcoin for Utility Bills

• Fed Cuts Interest Rates by 50 Basis Points

• Ethereum's 'Pectra' Upgrade Split into Two Phases

• SEC vs. Consensys: Ethereum Win, MetaMask Battle

• Jupiter Expands DEX with Coinhall, SolanaFM

• ckBTC Bridges Bitcoin to Cosmos via Osmosis

• Binance Founder to Be Released from Prison

• Revolut Set to Launch Stablecoin

And much more!

BTC & ETH Market Update 📈

Crypto is up this week, with BTC being up 4.6% and ETH up 4.3%:

Bitcoin dominance has decreased over the week, rising from 54.34% to a peak of 55.26% and ending at 54.6%. 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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