๐ #Ether Hits $3,000 as #Bitcoinโs #Crypto Dominance Declines – Bloomberg
— Christophe Barraud๐ข๐ณ (@C_Barraud) May 3, 2021
*Link: https://t.co/vLAF4VJTLY pic.twitter.com/NgAUrCQq2i
More than $50 billion in Tether has been issued, an amount that's more than the insured deposits at almost all but the largest U.S. banks. Any idea where the reserves are held? https://t.co/GhGsPfp9yN
— Bloomberg Crypto (@crypto) May 1, 2021
27-year-old Ethereum co-founder Vitalik Buterin becomes one of the youngest self-made crypto billionaires as #Ether hits $3,000. https://t.co/QjdPmGtbzw
— Cointelegraph (@Cointelegraph) May 3, 2021
Looking at futures, CME's ether futures market – which kicked off in February – grew from $68m in open interest on March 1 to $373 million in OI on May 1
— Frank Chaparro (@fintechfrank) May 3, 2021
Aggregate open interest across Ethereum futures recently hit an all-time high of $8.6bn pic.twitter.com/TW2VL18Mxf
This is one of the coolest charts in my opinion:
— Frank Chaparro (@fintechfrank) May 3, 2021
Gross value locked across Ethereum-based DeFi now stands at nearly $78 billion
Just one year ago (May 2 2020) that number sat around $700 million.
100x increase. pic.twitter.com/kAKqZXFHCo
Web-3
— Roberto Talamas (@RobertoTalamas) May 2, 2021
Week-over-week correlations among Web-3 have mostly remained stable.
The two to note are $STX and $AR which are becoming increasingly uncorrelated with the rest of the group. pic.twitter.com/qVrDL5dcaz
As $ETH price reaches over $3,000 setting a new ATH, the NVT Ratio is driven back down towards this cycles lows.
— glassnode (@glassnode) May 3, 2021
Low NVT Ratios indicate transaction volumes are high and growing faster than the network market cap.
Today's market strength is supported by volume settled on-chain. pic.twitter.com/xKP0ustbZq
Bitcoin bear and bull regimes were getting shorter in duration. Then 2020 happened. https://t.co/S6cIPl8Umx pic.twitter.com/XScY4NSU3X
— CoinDesk (@CoinDesk) May 1, 2021
In the latest Crypto Long & Short, @NoelleInMadrid highlights a trend pointing to a broader financial role for bitcoin than as just an asset on a corporate balance sheet.https://t.co/kZgDuSgsId
— CoinDesk Research (@CoinDeskData) May 3, 2021
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