Weekly Crypto Update: April 14-20
📊Market Movements
- Bitcoin is up 3.77% over the last 7 days, currently at $87,400.00
- Ethereum is sitting at $1,645.00 with a 1.85% increase from the previous week
- Last week’s top 3 gainers were TAO (+33.00%), CORE (+32.00%), and FET (+24.00%), while the top 3 losers were MOVE (-34.00%), PI (-15.00%), and AB (-12.00%)
- The crypto market’s Fear & Greed Index is at 34 Fear today
- Crypto market capitalization is at $2.76 trillion, up 2.73% since yesterday
- Stablecoins market capitalization is up 0.55% in the last 7 days, currently at $234 billion, with USDT dominance at 61.80%
- NFT sales volume decreased by 30.00% over the previous 7 days, while total sales increased by 27.00%, with 127,076.00 sales
- Bitcoin's market cap dominance is currently at 63.10%, Ethereum at 7.20%, and other cryptocurrencies at 29.70%
🛡️Crypto Security
- DEX platform KiloEx suffered a hack of $7.5 million, the hacker returned all the stolen funds 4 days later and received a 10.00% white hat bounty
- Manta Network co-founder managed to avoid a hack attempted by the Lazarus Group that used impersonation software on a Zoom call to convince Li to download malware
- North Korean hackers from Slow Pisces are targeting crypto devs with fake recruitment tests and coding assignments from scammers who are posing as recruiters
- U.S. Secret Service and Canadian authorities worked together in Operation Avalanche to tackle $4.3 million in phishing attacks targeting Ethereum wallet holders
💰Investments & Partnerships
- Blocksquare and Vera Capital sign a partnership deal to offer tokenized shares in properties across the U.S.
- VC firm A16z invests $55 million in LayerZero tokens ZRO
- Brokerage firm Hidden Road, which Ripple recently acquired, has now secured a broker-dealer license from FINRA
- Resolv Labs raised $10 million in a seed round funding to scale its protocol
🌐Blockchain Tech & Gaming
- Vitalik Buterin proposes replacing Ethereum’s EMV with RISC-V in the future to improve efficiency and bring simplicity to the execution layer
- Raydium’s Solana token launchpad, LaunchLab, is now live as a rival to https://t.co/LxxKKga952
📃Regulatory Developments
- Canary Capital applied for a U.S. Tron ETF with staking, in addition to applications for XRP, Solana, Sui, and Pudgy Penguins ETFs
- Panama City to accept crypto payments for public services, in BTC, ETH, and stablecoins
- Crypto casino Zero Edge founder R. Kim arrested after allegedly gambling away all investors’ funds worth $7 million
🗞️Miscellaneous
- Spar supermarket in Switzerland now accepts Bitcoin payments
- Scuderia Tallinn in Estonia now accepts crypto payments
- Metaplanet buys another $28 million worth of BTC, making them the world’s 10th largest corporate Bitcoin holder with a total of 4,855.00 BTC
- Bitcoin whales continued to buy throughout March and April, as the number of addresses holding more than 1k BTC increased by almost 100 since the end of February
- “Rich Dad, Poor Dad” author Kiyosaki predicts 1 BTC will be worth $1 million by 2035, with gold $30,000.00, and silver $3,000.00
- UK investment firm Abraxas Capital bought 2,949.00 BTC worth $250 million
- Charles Schwab Corp CEO R. Wurster is aiming for April 2026 to launch spot Bitcoin trading for its clients
Have a successful week ahead! 🤝
- Swapin Team