Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap.
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Just a day after the Hedera Foundation announced the tokenization of one of BlackRock's funds on the Hedera blockchain — which saw HBAR skyrocket by over 100% — BlackRock stepped in to deny any involvement. What exactly went on? Read on to find out! Here's a quick rundown of the top stories we are covering today: |
Let's get into these stories after our quick market overview. |
| | | GLOBAL MARKET CAP | | $2.34T | | ▼5.03% (24h) | | | 24H MARKET VOLUME | | $86.54B | | ▲17.91% (24h) | | |
| | BITCOIN'S DOMINANCE | | 53.52% | | ▲0.31% (24h) | | | FEAR & GREED INDEX | | 60 | | Neutral | | |
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 | Bitcoin | | | $63,545.94 | | ▼4.36% (24h) | |
|  | Ethereum | | | $3,084.03 | | ▼5.71% (24h) | |
|  | BNB | | | $606.06 | | ▼1.59% (24h) | |
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Data as of: 25 Apr 2024 11:10 UTC |
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 | TOP GAINERS | 24H% | | | | | | | | |
|  | TOP LOSERS | 24H% | | | | | | | | |
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Bitcoin addresses holding at least $1,000 worth of BTC reach an all-time high 📈 |
Fidelity Digital Assets recently reported a remarkable surge in Bitcoin addresses holding $1,000 or more worth of BTC, reaching an all-time high of 10.6 million wallets. This doubling from 2023 indicates a broader adoption of Bitcoin among smaller investors. While this trend suggests growing interest and decentralization, Fidelity's analysts advise a closer look at other metrics for a comprehensive assessment of Bitcoin's trajectory. Curious to explore more insights into Bitcoin's evolving landscape? Click here to dig deeper into Fidelity's analysis. |
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Report shows increase in crypto exposure from Canadian institutional investors 💼 |
Institutional investors in Canada have notably ramped up their cryptocurrency exposure, as per a recent KPMG report, signaling a substantial shift in investment strategies. The study, drawing insights from 65 respondents including institutional investors and financial services firms, revealed a significant uptick in crypto asset allocation compared to previous years. Notably, a third of the surveyed institutional investors have allocated over 10% of their portfolios to cryptocurrencies, showcasing a growing confidence in the asset class. Dive deeper into how this surge in institutional interest is shaping the crypto landscape. |
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BlackRock denies tokenization partnership with Hedera Hashgraph 🚫 |
Amidst a surge in HBAR token value driven by claims of BlackRock's funds tokenization, BlackRock has clarified its stance, asserting no commercial ties with Hedera Hashgraph. The confusion arose from an announcement by the HBAR Foundation regarding Archax and Ownera's involvement in the tokenization of BlackRock's funds on Hedera. The revelation attracted substantial attention, but subsequent clarifications led to a sharp decline in HBAR token value. Learn more about the market reaction and the dynamics between blockchain projects and traditional asset management giants. | |
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Memecoin Presales Mania: How Did Presales Rake in $150M in a Week |
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| Crypto leaders defend memecoins' role in crypto despite the controversy. Why Are Memecoins So Popular? What Are Memecoin Presales? |
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Hong Kong's spot Bitcoin and Ethereum ETFs begins trading on April 30 🇭🇰 |
Hong Kong's Securities and Futures Commission (SFC) has given the green light to spot Bitcoin and Ethereum exchange-traded funds (ETFs) from prominent firms like ChinaAMC, Harvest, and Bosera HashKey. These ETFs promise a regulated avenue for both retail and institutional investors to dive into virtual assets, signaling a significant milestone for crypto adoption in the region. With trading set to commence on April 30, there's anticipation surrounding how these ETFs will reshape the investment landscape in Hong Kong. Want to know how these ETFs could impact the crypto market and investor strategies? Click here to read more. |
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Renzo Protocol's restaked Ether token, EZETH, faces a price depeg ⚖️ |
Renzo Protocol's EZETH token faced a significant depeg incident on April 24, briefly dropping in value on Uniswap before rebounding to parity with Ethereum (ETH). This event underscores the challenges inherent in maintaining the peg of Liquid Restaking Tokens (LRTs) and highlights the risks associated with leveraging such tokens as collateral. With Renzo Protocol emerging as a major player in the liquid restaking space, investors and traders may wonder about the implications of these depegging events and their broader impact on decentralized finance (DeFi) markets. Want to delve deeper into how such incidents affect the crypto landscape? Click to read more. |
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And that's a wrap. We will be back with more updates tomorrow! |
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