$BTC is slightly up as US equities ended near record highs. As of now, $BTC is trading at $107,349 and $ETH is trading at $2,418. Bitcoin dominance stands at 65.71%.
According to The Block, there were over 750,000 unique weekly users of Ethereum-based stablecoins — marking a new all-time high and reflecting growing global demand for on-chain dollar-denominated transactions. The vast majority of this activity is driven by USDT and USDC, which together account for most of the $134 billion stablecoin market on Ethereum.
A few other headlines include: Bit Digital winds down Bitcoin mining operations, doubles down on Ethereum as the latest ETH treasury play; Kalshi is raising over $100 million at a valuation above $1 billion; and SEC's Hester Peirce says in-kind redemptions for crypto ETFs are 'on the horizon.’
During the last 24 hours, the top three gainers were $PI, $MOVE, and $NFT, while the top three losers were $S, $VIRTUAL, and $DEXE.
