We compile the top news stories weekly from the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC and ETH updates to recent investments, developments of exciting new projects, and other relevant topics.
Here is everything you need to know for the week of April 22nd to April 26th
📈 Weekly BTC and ETH Overview
One week after the halving, Bitcoin has failed to continue on its $75K rally and has seen the price fall to 5% in the past week. Based on market conditions, analysts say the price could fall below $52K in the upcoming weeks or break through the $72K mark, indicating a move toward the anticipated all-time high of $120K. Ethereum has been going through a period of consolidation and correction. The question is now, will the price continue to rise above $3K or will it plummet due to downward selling pressure from sellers.
At the time of writing, BTC is trading at $64.47K, up 0.85% in the last 24 hours. Similarly, ETH is trading at $3.1K, up 0.60% in the previous 24 hours.
🗞️ Top Market News
- Bitcoin has surpassed Tesla Stock for the first time since 2019. Percentage-wise, Bitcoin returns have outperformed Tesla stock in the past five years. This is also because Tesla sold a big chunk of its BTC holdings back in 2022. While Bitcoin rose over 139%, Tesla fell over 11% in the last 12 months. Read more here.
- EigenLayer crosses $15B in TVL as the project expands its ecosystem. The rise in TVLs came after the EigenLayer Mainnet launch earlier this month, which allowed for more validated serves to come online. Read more here.
🚀 New Project Developments
- XION launches Chain Abstraction solution with Injective. This launch enables users on XION to interact with Injective’s NFT marketplace. Users can now interact with the marketplace without cross-chain bridging, browser plugins, seed phrases, gas fees and more. Read more here.
- Sharpe AI opens an Early Access Waitlist for its Perpetual DEX. The decentralized perpetual exchange has opened an early access wallet or Shape Perps. The join and gain early access, head over to Sharpe AI’s Twitter and fill out its form. Read more here.
- Blocklords closes partnership with Engines of Fury. This partnership enables the community to engage with the upcoming $FURY IDO and participate in the Engines of Fury private alpha test. Read more here.
- Safe lists on OKX, Bybit, KuCoin, and other major exchanges on the 23rd of April. The project raised $100M in strategic funding backed by 1kx, Coinbase Ventures, DCG, and more. The current market cap is $1.3B with an FDV of £3.08B. Read more here.
🔍 More Featured Stories
- Hong Kong to start spot Crypto ETF trading by the end of April. Positioning itself as the asian digital asset hub, Hong Kong is the first to accept cryptocurrency products as a mainstream investment tool, only a couple months behind the U.S. Read more here.