Weekly Crypto Wrap Up: Key Developments and Market Insights

Tether Boosts Bitcoin Holdings, Ripple Introduces Stablecoin: Weekly Crypto Recap

Week in Review
In the dynamic world of cryptocurrencies, the past week has seen significant moves and developments across the board. Here’s a quick rundown of the major events:

Tether’s Bitcoin Acquisition

Tether, one of the leading stablecoin providers, has made headlines by acquiring a substantial amount of Bitcoin, further solidifying its position in the crypto space. With the acquisition of 8,888 BTC, Tether now ranks as the seventh-largest Bitcoin holder globally.

Monochrome’s Bitcoin ETF Application

Asset manager Monochrome has taken a significant step towards bringing a Bitcoin Exchange-Traded Fund (ETF) to the Australian market. The move signals growing institutional interest in crypto investments.

Ripple’s Stablecoin Initiative

Ripple, known for its XRP token, has announced plans to launch a US dollar stablecoin. By entering the stablecoin market, Ripple aims to compete with established players like USDT and USDC, potentially reshaping the landscape of digital assets.

Genesis’ Bitcoin Purchase

In a surprising turn of events, bankrupt lender Genesis has acquired $2.2 billion worth of Bitcoin following the redemption of GBTC shares. This strategic move aims to repay customers and underscores the growing adoption of cryptocurrencies in traditional finance.

Ethereum’s Remarkable Q1 Earnings

Ethereum has reported a significant surge in earnings for the first quarter of 2024, with profits tripling to $370 million. This milestone reflects the platform’s continued growth and dominance in the decentralized finance (DeFi) space.

Crypto Job Market Expansion

The crypto industry continues to witness robust growth, with job openings in global companies increasing by 30% month-on-month. This surge in demand for crypto-related talent underscores the sector’s rapid expansion and potential.

Economic and Policy Developments

In broader economic news, US job openings have seen a slight rise, indicating a steady but cautious recovery in the labor market. Meanwhile, Federal Reserve Chair Jerome Powell has emphasized a data-driven approach to monetary policy, signaling a cautious stance on interest rate cuts.

Technical Analysis: BTCUSD

Let’s delve into the technical aspects of the crypto market, focusing on Bitcoin’s performance against the US dollar:

Key Levels to Watch
– 65,000 / 70,000 / 73,130 (All-Time High)

– Despite initial expectations of a downside move, Bitcoin has found support at the 65,000 level, buoyed by robust data and positive ETF flows.
– Market sentiment remains sensitive to upcoming events, particularly US CPI numbers and FOMC minutes, which could trigger further price movements.

Spot Desk and Market Trends

Here’s a snapshot of recent trends observed in the spot crypto market:

– Despite the strengthening of AUD, there has been heavier off-ramp activity post-Easter break, indicating active trading behavior.
– Notable interest in buying the dip has been observed, particularly in Bitcoin and Ethereum, reflecting investor confidence in the market’s long-term potential.

Solana Frenzy Subsides
Following the hype

surrounding Solana and meme coins like SLERF, WIF, and BONK, the frenzy has somewhat cooled off. However, clients are holding onto their tokens, suggesting sustained interest in these assets.

Bitcoin Halving Anticipation

With the Bitcoin halving just around the corner, market volatility is expected to increase in the coming weeks. Combined with rising open interest in derivatives, traders should brace themselves for potential price fluctuations.

Derivatives Desk Insights
For wholesale investors, here’s a glimpse into the derivatives market:

– Realized volatility has decreased significantly, while implied volatility remains elevated, presenting trading opportunities for sophisticated investors.
– Strategies such as selling ATM options to capture implied premium and delta-hedging spot exposure are being explored to capitalize on market dynamics.

What to Watch Next

– Key economic indicators, including USD CPI and FOMC meeting minutes, will influence market sentiment.
– ECB and EU monetary policy statements, along with UK GDP data, are also expected to impact global markets.


As the crypto market continues to evolve, staying informed about key developments and technical trends is crucial for investors and traders alike. With regulatory shifts, institutional adoption, and market dynamics shaping the landscape, navigating the world of cryptocurrencies requires vigilance and strategic insight.

Doodles and Pharrell Williams Collaborate for “Dullsville and the Doodleverse”

a Revolutionary Animation Experience

Doodles, the trailblazing NFT platform, has announced an exciting collaboration with Grammy-winning artist Pharrell Williams for an upcoming animation project titled “Dullsville and the Doodleverse.” Directed by Burnt Toast and produced by Golden Wolf, this project promises to redefine the boundaries of animation and storytelling.

A Fusion of Music and Animation

“Dullsville and the Doodleverse” will not only showcase Doodles’ signature style but also introduce a cinematic format that merges music and animation seamlessly. The project will feature three music videos produced under Doodles Records, featuring tracks by Pharrell Williams and other acclaimed artists like Lil Wayne and Coi Leray. Moreover, both Lil Wayne and Coi Leray will voice characters in the film, adding another layer of depth to the storytelling experience.

Breaking Boundaries: Doodles’ Innovative Animation Project

Project Gray: A Transmedia Activation

Beyond animation and music, “Project Gray” encompasses a comprehensive transmedia activation strategy. From live events to exclusive merchandise and digital collectible experiences, Doodles aims to immerse audiences in the vibrant world of “Dullsville and the Doodleverse.”

Empowering Creative Control

Julian Holguin, CEO of Doodles, emphasized the importance of maintaining creative control over the project. Instead of partnering with established animation studios, Doodles chose to self-finance and develop their own content. This decision led to the acquisition of Golden Wolf and the green light for the pilot episode, marking a significant milestone in Doodles’ journey.

Golden Wolf’s Inaugural Venture into Long-Form Animation

For Golden Wolf, renowned for its work with global IP such as Minions and Spiderman, this collaboration marks its first foray into long-form animation. Founder Ingi Erlingsson expressed excitement about venturing into new territory and praised the partnership with Doodles as a pivotal moment for both companies.

Immersive Gallery Experience

To offer a sneak peek into the creative process behind “Project Gray” and “Dullsville and the Doodleverse,” Doodles hosted an immersive gallery experience at Ideal Glass Studios in New York City. This exclusive event, accessible only to OG Doodles holders, provided attendees with a firsthand look at the project’s development.

A Multifaceted Storytelling Experience

“Dullsville and the Doodleverse” represents Doodles’ commitment to expanding beyond the realm of NFTs and exploring new avenues for storytelling. By leveraging the talents of Pharrell Williams, Lil Wayne, and Coi Leray, Doodles aims to captivate audiences with a multi-dimensional narrative experience.

Stay Tuned for More Updates

As the project gears up for its summer release and premiere at the Toronto International Film Festival, fans can expect further announcements regarding collaborators, distribution channels, and additional featured artists. With “Dullsville and the Doodleverse,” Doodles continues to push the boundaries of creativity and innovation in the digital entertainment landscape.

Deepak Chopra: Clinical Professor Invests in CryptoPunk

Into the Investment: Deepak Chopra’s CryptoPunk Purchase

An Unconventional Investment Move

Deepak Chopra, MD, FACP, renowned for his contributions to integrative medicine and personal transformation, has made headlines with an unexpected investment in the world of NFTs. The clinical professor, known for his advocacy of holistic well-being, recently spent millions of dollars acquiring a CryptoPunk, marking a surprising foray into the digital asset space.

Deepak Chopra

Deepak Chopra’s CryptoPunk Acquisition

CryptoPunk #5822, currently recognized as the most valuable CryptoPunk in the Guinness Book of Records, caught the attention of Deepak Chopra. The CEO of Chain, Deepak Thapliya, acquired this NFT at a staggering price of 8000 ETH, making it a substantial investment in the digital realm.

Insights Into Deepak Chopra’s Investment Strategy

While Deepak Chopra is widely known for his contributions to healthcare, well-being, and spirituality, his decision to invest in a CryptoPunk reflects a broader interest in emerging technologies and digital assets. This unconventional move underscores the evolving landscape of investment opportunities and the growing influence of blockchain technology.

Balancing Innovation and Tradition

As a clinical professor and advocate for holistic health, Deepak Chopra’s investment in a CryptoPunk may seem unexpected to some. However, it exemplifies his willingness to embrace innovation while staying true to his principles of balance, mindfulness, and exploration.

Potential Implications and Reflections

Deepak Chopra’s investment in a CryptoPunk raises questions about the intersection of traditional wisdom and modern technology. While some may view it as a departure from his core teachings, others see it as a testament to his adaptability and curiosity in exploring new frontiers.

The Future of Investments in the Digital Age

In a rapidly evolving digital landscape, individuals from diverse backgrounds are exploring new avenues for investment and expression. Deepak Chopra’s venture into the world of CryptoPunks highlights the evolving nature of wealth creation and the potential for digital assets to reshape traditional paradigms.


Deepak Chopra’s investment in a CryptoPunk exemplifies the convergence of traditional wisdom with modern innovation. As the digital asset space continues to evolve, individuals like Chopra are embracing new opportunities for growth and exploration. While his investment may raise eyebrows, it underscores the importance of remaining open-minded and adaptive in an ever-changing world

NFT NYC 2024: A Comprehensive Overview

Exploring the Latest Trends and Insights in the NFT Space

A Brief History of NFT.NYC

Since its inception in 2018, NFT.NYC has evolved into a premier event for the NFT community. From its humble beginnings as a gathering of Web3 enthusiasts, the conference has grown exponentially, attracting thousands of attendees and featuring prominent speakers from various industries.

The Transition to NFT.NYC 2024

This year’s edition of NFT.NYC comes at a pivotal moment for the NFT ecosystem. As the industry continues to mature, the conference aims to provide attendees with valuable insights, networking opportunities, and a glimpse into the future of NFTs.

What to Expect at NFT.NYC 2024

Attendees can look forward to a jam-packed schedule of events, including thought-provoking panels, workshops, and keynote speeches. Industry thought leaders will share their expertise on stage, covering topics ranging from legal issues and regulatory challenges to the latest trends in NFT merchandising and artificial intelligence.

Highlights of the Conference

NFT.NYC 2024 will feature a range of activities, including partner activations, exhibits, treasure hunts, and live performances. Attendees will have the opportunity to explore the latest innovations in the NFT space, connect with like-minded individuals, and discover new opportunities for collaboration.

Location and Logistics

This year, NFT.NYC will take place at North Javits in Hudson Yards, providing a central and convenient venue for attendees. Registration will commence on April 2nd, followed by a VIP and Speaker Reception and Times Square Roadblock event. The main programming will run from April 3rd to 5th, offering a diverse array of sessions and activities.

NFT.NYC: A Catalyst for Innovation

As a leading platform for industry debate and knowledge sharing, NFT.NYC plays a crucial role in advancing the adoption of blockchain technology and NFTs. By bringing together leaders, influencers, developers, and enthusiasts, the conference fosters collaboration and drives innovation within the NFT ecosystem.

Join the Conversation

Whether you’re a seasoned professional or a newcomer to the world of NFTs, NFT.NYC 2024 offers something for everyone. Don’t miss this opportunity to immerse yourself in the latest developments, connect with industry pioneers, and shape the future of NFTs.


As NFT.NYC 2024 approaches, excitement is building within the NFT community. With an impressive lineup of speakers, engaging sessions, and interactive experiences, the conference promises to be a must-attend event for anyone passionate about the future of digital assets.

Tether Mint $6 Billion in USDT: What You Need to Know

Whales Drive Massive USDT Minting Activity

Lookonchain reports on April 5 revealed that crypto whales have minted a staggering $3 billion worth of Tether’s USDT on both the Ethereum (ETH) and Tron (TRX) networks, fueling discussions within the crypto community.

Distribution Across Exchanges

Since April 1, over $2.55 billion worth of USDT has flowed into leading exchanges such as Binance, Kraken, Bitfinex, and Coinbase. Notably, Bitfinex received $1.08 billion worth of USDT, while Coinbase saw $93.8 million, Kraken received $824.1 million, and Binance obtained $614.6 million in USDT.

Mixed Reactions from the Community

While many in the crypto community express optimism about potential market movements following the influx of USDT, others, like crypto tech enthusiast Muhammad Azhar, stress the importance of transparency and accountability in light of such significant inflows into centralized exchanges.

Uncertain Market Outlook

Despite the massive USDT minting activity, the crypto market continues to experience volatility, with bears and bulls vying for control. The impact of this influx on market dynamics remains uncertain, with some speculating that whales are preparing for significant investments in projects like ETFswap ($ETFS).

Tether Treasury’s Additional USDT Minting on TRON Network

Authorized Replenishment

According to data monitored by Whale Alert and reported by PANews, Tether Treasury has authorized the minting of an additional 1 billion USDT on the TRON network. Tether CEO Paolo Ardoino confirms that this minting serves to replenish the TRON network’s inventory, with the newly minted USDT designated for future issuance requests and chain exchange inventory.

Rapid Succession of USDT Issuance

Tether’s recent minting of 1 billion USDT on the TRON blockchain follows a similar issuance just two days prior. The consecutive release of USDT highlights Tether’s commitment to meeting demand and maintaining liquidity within the cryptocurrency market.

Market Dominance and Concerns

With a market capitalization of $106.2 billion, Tether remains the dominant stablecoin issuer, representing 69.2% of the total crypto market capitalization. However, concerns persist regarding the transparency of Tether’s reserves, especially in light of allegations raised by a Wall Street Journal investigation regarding the authenticity of its partners and documents.

Correlation with Bitcoin Prices

Analysts at CryptoQuant have observed a correlation between the circulating supply of USDT and Bitcoin’s price movements. The consistent increase in USDT supply, amounting to approximately 30 billion since late 2022, has coincided with periods of significant price appreciation for Bitcoin.


Tether’s ongoing issuance of USDT, particularly on the TRON blockchain, underscores the stablecoin’s pivotal role in the crypto market. While the influx of USDT may signal potential market movements, concerns regarding transparency and stability persist. As the crypto community monitors developments, the impact of Tether’s minting activities on market dynamics remains a topic of keen interest and speculation.

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