What Happened in Crypto Today
Table of Contents
CMC Crypto News
What Happened in Crypto Today
By Yousra Anwar Ahmed
3m
Created 6mo ago, last updated 4d ago
Here is a 2-minute breakdown of everything important that happened in crypto today.
Table of Contents
Mystery Whale Drops Ten Mil on CryptoPunks
Strategy Just Joined the Most Exclusive Club on Wall Street
Ethereum Just Stole Bitcoin's Thunder
Trump Media Built a Secret Bitcoin Fortress
Tiny Company Bets Half a Billion on Dogecoin
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The altcoin season might finally be starting.
ETH just grabbed the spotlight from Bitcoin in the most unexpected way. ETH ETFs pulled in $2.2 billion last week while Bitcoin funds saw minimal action, and the numbers are telling a pretty clear story.
Bitcoin dominance crashed to 59.7% while the Altcoin Season Index jumped to 56. With the Fear and Greed Index sitting at 67, traders are going full degen mode chasing anything that isn't Bitcoin.
So what's really driving this shift? Let's break down today's biggest crypto stories!
An unknown buyer swept $10 million worth of CryptoPunks over the weekend, triggering a chain reaction across NFT collections. Could this single whale move signal the start of NFT season?
Michael Saylor's company bought another $739.8 million in Bitcoin last week, pushing their total stash above major corporations. How is MicroStrategy funding these massive Bitcoin purchases?
ETH ETFs pulled in $2.2 billion last week, nearly doubling the previous record, while Bitcoin funds saw minimal action. What's driving institutions to dump Bitcoin for Ethereum?
The Truth Social parent company revealed a $2 billion Bitcoin position, representing two-thirds of their total liquid assets. What are Trump Media's next moves with Bitcoin?
Bit Origin secured $500 million in funding to build a Dogecoin treasury, immediately purchasing over 40 million DOGE tokens. Why did they choose Dogecoin over Bitcoin or Ethereum?
Mystery Whale Drops Ten Mil on CryptoPunks
An unknown buyer swept $10 million worth of CryptoPunks over the weekend, triggering a chain reaction across NFT collections.
Pudgy Penguins floor prices jumped 13% to over $63,000.
The buying spread fast. Bored Apes climbed 23%, Moonbirds and Azuki both posted double-digit gains.
Strategy Just Joined the Most Exclusive Club on Wall Street
Michael Saylor's company bought another $739.8 million in Bitcoin last week, pushing their total stash above major corporations.
Their Bitcoin holdings now exceed ExxonMobil's cash reserves and rank ninth among all S&P 500 companies for liquid assets.
Strategy now controls close to 3% of Bitcoin's total supply.
Ethereum Just Stole Bitcoin's Thunder
ETH ETFs pulled in $2.2 billion last week, nearly doubling the previous record, while Bitcoin funds saw minimal action.
That represents more than a third of all ETH ETF inflows for the year happening in just seven days.
Digital asset products have seen 14 consecutive weeks of inflows, reaching $220 billion in total assets under management.
Trump Media Built a Secret Bitcoin Fortress
The Truth Social parent company revealed a $2 billion Bitcoin position, representing two-thirds of their total liquid assets.
Trump Media stock jumped 6% on the announcement, making them one of the largest corporate Bitcoin holders.
Tiny Company Bets Half a Billion on Dogecoin
Bit Origin secured $500 million in funding to build a Dogecoin treasury, immediately purchasing over 40 million DOGE tokens.
The purchase represents 22% of their entire market cap.
They join other companies building crypto treasuries, but chose the meme coin over Bitcoin or Ethereum.#CryptoScamSurge #Ahmad
