According to data from blockchain research firm Arkham Intelligence, he made a profit of $3.8 million from the sale of Pepecoin (PEPE), leaving about $9 million in his remaining assets. 1.22 billion yen) ── This time, we will look back on the top news for two weeks, including the Golden Week period, in digest form.
According to an April 27 report from investment bank Berenberg, in the coming months Bitcoin (BTC) will likely gain more attention than other crypto-assets and projects in recent years, as well as “cryptocurrencies.” It is said that it may be possible to regain the enthusiasm that was lost in the “winter of winter”.
Mitsubishi UFJ Trust and Banking announced on April 28 that it has newly issued an asset-backed security token (hereafter, asset-backed ST) in collaboration with Kenedix and Daiwa Securities.
A beneficiary certificate issuance trust was formed using the real estate trust beneficiary rights of the accommodation facility “ONSEN RYOKAN Yuen Sapporo” in Sapporo as the underlying asset, and the beneficiary rights were further sold as “security tokens (ST)”.
Sakura Exchange Bitcoin (SEBC) announced on April 28 that it plans to launch a new service “Binance JAPAN (tentative name)” after June. Details such as the start time will be announced later.
Tron founder Justin Sun has sent $56 million to Binance after being warned by Binance CEO Changpeng Zhao. 7.66 billion yen) was arranged to be canceled in full.
According to data tracked by Ordspace, which built Ordinals, more than 8,800 BRC-20s have a market capitalization of $137 million, up from $17.5 million a week ago. ), an astonishing 682% increase.
The number of stablecoins held in addresses linked to centralized crypto asset (virtual currency) exchanges has decreased. It hit the lowest level since May 2021, signaling a growing risk aversion among investors.
The price of gas (transaction fee) on the Ethereum blockchain is rising as the frog-motif meme coin “Pepecoin (PEPE)” is booming. Median gas prices hit a 12-month high of 87gwei earlier this week.
On the morning of May 7, EST, Binance temporarily suspended Bitcoin (BTC) withdrawals as the Bitcoin blockchain was congested, slowing transactions and increasing fees. Less than two hours after the first Twitter post about withdrawals, withdrawals have resumed.
Pepecoin’s (PEPE) dizzying surge — which appeared just a few weeks ago and already has a market capitalization of over $1 billion — was just a fad that ended badly. It has given enormous wealth to those who do not mind the warning.
Pepecoin is down nearly 45% after hitting a record high of $0.00000431 on May 5. The market capitalization reached 1.8 billion dollars (approximately 240 billion yen, converted to 135 yen to the dollar) in just over 3 weeks from the issuance in mid-April.
According to blockchain observer James Tolan’s analysis using data from Dune Analytics, memecoin trading volume last week was $2.3 billion, up from the previous week’s $387 million. million dollars (about 52.25 billion yen), a six-fold increase, the highest amount since May 2021.
Bitcoin Request for Comment (BRC-20) standard tokens and the rising popularity of the Ordinals Protocol have fueled block demand, pushing transaction fees on the Bitcoin blockchain to two-year highs.
Average transaction fees on the Bitcoin network hovered at just under $20 on May 8, European time, up sharply from $1.20 last week. Such levels are the first since May 2021, when the price of Bitcoin (BTC) hit $60,000.
Crypto exchange Bittrex filed for bankruptcy on May 8. The company was sued by the U.S. Securities and Exchange Commission (SEC) a few weeks ago, and a few months ago it announced it would scale back its U.S. operations.
According to data site mevboost.pics, earnings from MEV-Boost surged over the weekend. Combined with transaction fees, validator revenues rivaled the turmoil caused by the FTX bankruptcy, which boosted demand for Ethereum (ETH).
Long-term Bitcoin (BTC) holders continue to increase their holdings, despite a slight “premium” where futures are more expensive. Meanwhile, CoinDesk’s Bitcoin Trend Indicator (BTI) shows that Bitcoin is in the middle of a strong uptrend.
For the first time since 2017, some Bitcoin (BTC) miners are earning more from processing transactions on the blockchain than they are from generating new Bitcoins. ing. It could be a welcome development for the mining industry, which has been hit hard this winter.
According to data from on-chain analytics tool Nansen, more than 200,000 ETH have been deposited into the network since the beginning of the week, marking the first time deposits have exceeded withdrawals since the chapel. With this addition, the number of ETH locked for staking purposes has surpassed 19 million, representing approximately 15% of total circulation.
Litecoin executed more than 520,000 transactions on May 8, according to BitInfoCharts blockchain data. Bitcoin is nearing 575,000 transactions per day. Compared to the average number of transactions on the Litecoin blockchain, it is five times higher than it was at the beginning of the year and more than doubled the all-time high reached near the peak of the January 2018 bull market.
Pepecoin (PEPE) traders have been unfazed by the recent price correction and are increasing their holdings in a move that signals a bullish price move in the coming weeks. On-chain analytics tool Lookonchain tweeted on May 9 that three whales (large holders) “started buying Pepecoin” after the price dropped by nearly 50%.
On May 9, the web3 project team (web3PT) of the Liberal Democratic Party Digital Society Promotion Headquarters proposed the “web3 white paper”, which summarizes the discussions of the project team, to Prime Minister Kishida at the official residence. The “Project Team on AI Evolution and Implementation” also made recommendations.
Kyushu Railway Company (JR Kyushu) and P.R.O. (PRO) launched the “JR Kyushu NFT” project on May 9, a project in which JR Kyushu utilizes NFT to propose new values and ways to enjoy Kyushu to customers. announced that it will start PRO supports the technical side.
The exit or downsizing of two influential cryptocurrency market makers, Jane Street and Jump Crypto, could undermine the industry’s fragile liquidity. ──. A Kaiko analyst told CoinDesk.
Research firm Glassnode’s Long-Term Holders Net Position Change Index, which tracks 30-day changes in BTC in and out of exchange wallets that tend to hold the coin for six months or more, was positive in early April. , and has surged in the last four weeks.
On May 11th, the Ethereum blockchain mainnet was unable to fully verify transactions for approximately 25 minutes. The transaction was then confirmed, but exposed to tampering for 25 minutes.
High-performing individual traders and institutional investors (referred to as “smart money”) have reduced their holdings of Pepecoin (PEPE) by $3 million in the last 24 hours. That’s according to data from chain analytics firm Nansen.
｜Text and editing: coindesk JAPAN editorial department