NFT Sales Decline by 5.76% in April, Ethereum Dominates, Bored Ape Yacht Club Leads in Collections
NFT sales declined by 5.76% in April, with Ethereum dominating the market, according to the latest sales statistics. Ethereum-based NFT sales accounted for $485 million in trades, followed by Solana-based NFT sales, which recorded $88.16 million. The top five blockchains in terms of NFT sales were Polygon, Immutable X, and BNB Chain.
Liquid Staking Platforms Swell as Over $16 Billion Is Locked in Ethereum
Over $16 billion is locked into liquid staking protocols such as Lido Finance, Coinbase's Wrapped Staked Ether, Rocket Pool, Frax, Stakewise, Stakehound, Ankr, Ether. fi, and Bitfrost, with just over 8 million Ethereum locked in at the time of the Shapella upgrade on April 12, 2023. Since then, over 400,000 Ethereum worth $763 million has been added to 17 liquid staking platforms, with Lido dominating the market, holding 73.6% of Ethereum locked in liquid staking protocols.
Bitcoin Could Rally to $49K in the Event of US Default, Says Standard Chartered Analyst
Standard Chartered analyst Geoff Kendrick believes that Bitcoin could soar by about $20,000 to hit around $49,000 if the US defaults on its borrowing limits. Kendrick stated that Bitcoin has a reputation for performing well in periods of stress and is often seen as a safe haven due to its decentralized nature. However, he expects some volatility, with Bitcoin potentially dipping by about $5,000 before rebounding again.
Bhutan's Government-Owned Holding Company Confirms Years-Long Bitcoin Mining Operations
Bhutan's only government-owned holding company, Druk Holding and Investments, has confirmed that it has been mining Bitcoin for several years as part of its diversified portfolio. The company's investment in Bitcoin mining is a strategic move and not driven by FOMO. DHI assured that risks associated with cryptocurrencies are mitigated as the company is not involved in direct selling and buying digital assets.
Cardano Founder’s Role in Ethereum Discounted by Foundation Member
Fabian Vogelsteller, a core Ethereum Foundation member, has taken to Twitter to discredit the role of Cardano Founder, Charles Hoskinson, in building the Ethereum blockchain. Vogelsteller argued that Hoskinson was never really a founder of Ethereum and had built nothing for Ethereum that he was aware of, contrary to claims made by a Twitter user.
CoinDesk Indices and CoinFund Announce CESR, the Benchmark Rate for Staking on Ethereum
CESR is a global floating rate benchmark derived from the daily transaction fees and staking rewards emitted from the Ethereum Proof of Stake (PoS) blockchain.
What Is ERC-4337
If you follow the latest in Ethereum news, you may have heard about the ERC-4337 standard announcement. If you haven’t, let us explain.
Ethereum Shark & Whale Addresses Up 5.7% Over Past Year: Santiment
On-chain data from Santiment shows the Ethereum shark and whale addresses have registered a growth of 5.7% over the past year.
