Episode Details

30th April: Crypto & Coffee at 8
🔻68% of Runes are Ruined ⚡ Aus spot Bitcoin ETF👀 MicroStrategy Q1 loss but acquire more #BTC 😱$3 Billion to be unlocked in May

⚡ Top 50 Runes by the number of holders are down 30% on average as of April 29, OKX data here https://lnkd.in/dfZbErJZ shows two-thirds of them (34 out of 50) are in the red. As of April 29, there were more than 349,000 Runes holders, according to data from Rune Alpha. That’s almost half of the active addresses on the network as tracked by on-chain data firm IntoTheBlock.

🎙️ Check out Blockchain DXB podcast we share more information on this

💡 According to Franklin Templeton, Runes positions Bitcoin to close the gap with Ethereum and Solana’s fungible tokens markets

📊 Australia’s Top Exchange Expected to Approve Spot Bitcoin ETFs
ASX, Australia’s largest securities exchange, is expected to approve spot Bitcoin ETFs before the end of 2024. The exchange is engaging with issuers interested in admitting cryptoasset-based ETFs, but has not provided a specific timeframe. Applications for spot Bitcoin ETFs are pending from asset management firms VanEck, DIGITALX, and Betashares. Info via Bloomberg https://lnkd.in/diWGxZtC

🚨 MicroStrategy (MSTR) reported a net operating loss of $53.1 million, or $3.09 per share, in the first quarter after taking a digital asset impairment charge of $191.6 million, according to a Monday afternoon press release here https://lnkd.in/dUzeJ_Sf MicroStrategy purchased 122 additional Bitcoin for a total of $7.8 million between April 1 and April 26, according to the report.As of Friday, MicroStrategy holds 214,400 Bitcoin, or $13.5 billion worth at the current price of the asset.

👀 In May, $3 billion worth of tokens will be unlocked across seven different projects, including Pyth and Aevo. Pyth will unlock 2.13 billion tokens, while Aevo will implement both cliff and linear unlocks. Other projects like Avalanche, Memecoin, Ethereum L2 Arbitrum, Aptos, and ApeCoin will also release tokens into the market. Timelines are below
- DeFi oracle network Pyth- 20 at 2pm UTC, 2.13 billion PYTH token ($1.24 billion)
- On May 15, 827.6 million AEVO tokens (($1.24 billion))
- Memecoin will also be releasing 5.31 billion MEME tokens ($147.95 million) on May 3, followed by 49.47 MEME tokens ($1.38 million) a day for the next 184 days.
- Ethereum L2 Arbitrum will be unlocking 92.65 million ARB ($103.76 million) on May 16
- Aptos is unlocking 11.31 APT ($102.1 million) on May 12 for the foundation, community, core contributors, and investors.
- Bored Ape themed 

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