🦎🚀 More unlocks in May? 😱

By rahmat hidayat

Monday, April 29, 2024

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! It's just another manic Monday, Geckos!     As the crypto markets continue to dip once more, the question on everyone's mind is - when will it end?    In today's news:   ETFs going Down Under 🐨 Sell in May and walk away? 🔓   Read on! 24h Hot Searches Worldwide 🔥 Brett                (-13.7%) Aerodrome    (-15.8%) Pixels               (-5.5%) Ethereum        (-3.0%) Bitcoin             (-1.4%) Ethena             (-5.4%) Solana             (-3.8%) Top Centralized Crypto Exchanges   Binance regained its market share after facing a slump throughout 2023. It achieved a 48.5% dominance in 2024 Q1.   The top 10 centralized crypto exchanges saw volumes hit $2.3 trillion in the same period, figures last seen in November 2021. Read more ETFs going Down Under 🐨   Spot Bitcoin ETFs are coming to 'Straya!   The Australian Securities Exchange (ASX) is predicted to list the first batch of approved spot Bitcoin ETFs by the end of the year.   In a recent report by Bloomberg, several sources claimed that VanEck and local ETF issuers, such as BetaShares and DigitalX, have already submitted their ETF applications.   As the top equity exchange in the nation, ASX oversees 80% of domestic trading volume.   However, Australians have already been able to access spot Bitcoin ETFs listed on the smaller CBOE Australia exchange since 2022.   As it stands, CBOE offers the only two spot crypto funds available in the country, which are the Global X 21Shares Bitcoin and Ethereum ETFs.   Editor's Take: Following in the footsteps of the US and Hong Kong, it seems that more countries are warming up to the idea of spot crypto ETFs despite the recent market environment. At this point, we should expect to see more announcements or clarifying statements from other global financial regulators should the demand for spot Bitcoin ETFs in the US pick up again.   Get a quick overview of the top performing memecoins across different ecosystems 🐶🐔🐸 Watch now Sell in May and walk away? 🔓   With May just around the corner, plenty of projects are closing in on their next unlocks, which will introduce over a billion dollars worth of tokens into the market. Pyth Network, the Oracle project based on Solana, will unlock its first tranche of PYTH tokens to ecosystem participants in three weeks, increasing the circulating supply by 142% from 1.5B to 3.63B PYTH. The unlock will introduce an additional 2.13B PYTH (~$1.25B) into the market. Popular Layer-1s such as Aptos and Avalanche will also unlock tokens worth $100M and $325M, respectively, as part of their individual release schedules.   Elsewhere, 9gag's Memeland project will unlock 8% of their total supply for investors and advisors, increasing the circulating supply by 5.6B MEME tokens (~$145M).   Given the recent downturn in the crypto markets, it's difficult to tell whether these unlocks have been priced in or not.     Carbon Browser is a fast decentralized web3 browser with better privacy and an integrated multi-chain wallet with cross-chain swaps. Download now     What is Omni, and how will it connect Ethereum rollups? Learn more In Other News...   Solana on Discount. More of FTX's Solana tokens have gone to Pantera Capital, as the bankrupt exchange's estate liquidates its $2.6 billion SOL holdings.   Token Unlock Delay. 'Heroes of Mavia' delays token unlocks as price falls by 65% since February.   Rallying behind Consensys, the company behind Metamask. The heads of crypto industry titans like Coinbase and Uniswap are rallying behind Consensys in its fight to get the SEC to concede Ethereum is not a security.   Ethereum Allies. The Arbitrum team helps Optimism avoid high-risk vulnerability.   More Layoffs. Bored Ape Yacht Club creator Yuga Labs continued its recent shake-up by announcing a restructuring initiative, which will include a new round of layoffs following a previous wave last October.   Solo BTC miner wins 3.12 BTC lottery, solving a valid block. Mining a valid block solo is an extremely rare event, that it has only occurred 282 times out of the 841,300 or so blocks that have been produced since Bitcoin's inception 14 years ago. 🦎Tell us what you think!   We've just revamped our newsletter with a new and fresh format!   Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! Let us know Track us everywhere. Stay connected with us. CoinGecko.com • Store • Terms of Service • Privacy Policy 📈 Track DEXs at GeckoTerminal ⌨️Try our API for FREE

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