TL;DR

Markets:

• BTC is down & ETH is up

• BTC under-performed ETH this week 

• Bitcoin dominance is down

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

Airdrops:

• $NORDOM

• $BLUE

• $RWG

• $MEMEFI

News:

• Cantor, Tether Partner for $2B Bitcoin Lending

• Bitwise Files for 10 Crypto Index Fund ETF

• Starknet Introduces Phase 1 Staking on Ethereum L2

• Ethereum Reclaims USDT Dominance

• SwissBorg Adds $INJ Staking to Earn

• Rivalz AI Collaborates to Advance World Abstraction

• UK Targets 2026 for Crypto Regulation

• MicroStrategy's Bitcoin Bank Strategy to Boost Market Cap

  And much more!

BTC & ETH Market Update 📈

Crypto is up this week, with BTC being down 2.5% and ETH up 7.3%:

Bitcoin dominance has decreased over the week, starting from 57.4% to a low of 54.53% 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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