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BTC and ETH have risen about 8% and 12%, respectively over the past seven days. While BTC has driven the market this year so far, the Shapella upgrade has boosted ETH trading, according to an analyst.
The rebalancing comes as ether rallies off a successful Shapella upgrade.
The spike in daily active addresses coincided with a bevy of financial institutions joining Avalanche’s Evergreen subnet “Spruce.”
DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding.
A report noted an increase in spot DEXs offering derivatives trading on their platforms.
Reddit has released another wildly popular NFT collection while Razer has launched a Web3 gaming accelerator.
The latest price moves in bitcoin (BTC) and crypto markets in context for April 11, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The directional change suggests an end to the quantitative tightening that roiled cryptocurrencies last year.
The exchange will be open to professional investors and the company is preparing to welcome retail users in “coming months.”
Bitrue said the affected wallet contained “less than 5%” of overall reserves.