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When L3s started trending, they were met with initial skepticism — but as more use cases emerge, the clearer their need becomes
Quick Take In a new blog post, Ethereum co-founder Vitalik Buterin has shared his thoughts on three issues core to Ethereum’s decentralization: MEV, liquid staking, and the hardware requirements of nodes. In Buterin’s view, many of the concerns around Ethereum’s centralization can be addressed through smart protocol design and upgrades, some of which are already in progress.
Quick Take This is an excerpt from the second edition of The Block’s The Funding newsletter sent to our loyal readers on May 18. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
TON is slowly capturing the Layer 1 market share with a notable performance so far.
Reported holdings of spot bitcoin ETFs were a mere fraction of the total cumulative trading volume during the first quarter.Holders made up a diverse set of financial institutions including Morgan Stanley, a hedge fund that manages the endowments of Yale University and Princeton University, and the State of Wisconsin Investment Board.
TON and NEAR are among the few altcoins in the red now.
- 01:38Since their listing, 10 U.S. spot Bitcoin ETFs have accumulated approximately 548,556 BTC, valued at over 36 billion U.S. dollarsChainCatcher reports that since its launch in January 2024, the ten new Bitcoin spot ETFs in the United States have accumulated 548,556.62 BTC, worth $36.71 billion. In addition, Grayscale's GBTC currently holds 288,954.39 BTC. These eleven funds (GBTC, IBIT, FBTC, ARKB, BITB, HODL,BRRR,BTCO,BTCW and DEFI) hold a total of 837511.01 BTC valued at $56.05 billion which is equivalent to 4.25% of the current circulating supply of 19.7 million BTC. Excluding GBTC , BlackRock's IBIT leads with holdings of 27619003 BTC followed by Fidelity's FBTC holding15677230BTC . As of May19th2024 Ark Invest and21share’sARKB collectively held47230BTC while BitwiseBITB held3574904BTC.VanEckHODL ranks fifth excluding GBTC with958763BTC. Valkyrie BRRR holds856129BTC while Mirae Asset’sBT COholds6977BTC.Franklin Templeton’sEZBC follows closely behind with6148BTCwhile Wisdomtree’sBT CW has approximately116302.BT C.Hashdex Spot Bitcoin ETFDEFI has the least holdings at1783.BT C. Apart from US spot bitcoin ETFs three Hong Kong-based spot bitcoin ETFs have bought a total40636.BT Cwith ChinaAMC holding1950BT CHashkey Fundholding1119BT Cand HarvestFundholding9946.BT C.
- 01:32The total open positions of Bitcoin futures contracts across the entire network amount to 32.655 billion US dollarsCoinglass data shows that the total open positions of BTC futures contracts across the network are 492,100 BTC, equivalent to approximately $32.655 billion. Among them, CME's open positions for BTC futures contracts are 152,400 BTC (equivalent to about $10.094 billion), ranking first; Bitget's open positions for BTC futures contracts are 56,000 BTC (equivalent to about $3.712 billion), ranking fourth.
- 01:25The game of the Japanese manga "Captain Tsubasa" is launched on the Oasys blockchainNews on May 20th, the blockchain version of the Japanese football manga series "Captain Tsubasa" has officially launched on the game-centric blockchain Oasys. The game is developed by Mint Town, Co., Ltd. and BLOCKSMITH & Co. (a subsidiary of mobile gaming giant KLab Inc.), allowing players to cultivate and collect character NFTs from the original series in it.
