Summary
TLDR: Ethereum’s new blobs didn’t help prop up its price during a correction, with Bitcoin and Ether both down 7%. Bitcoin SV lost 20% after Craig Wright was found not to be Satoshi Nakamoto. Bitcoin’s blockspace is primarily used for financial transactions. Bitcoin’s correction has pulled crypto stocks into the red, with Griid being the only gainer. Coinbase short interest is down, and Grayscale’s Ethereum Trust is trading at a discount. BananaGun is burning more ETH than Arbitrum, and Telegram bots were responsible for $80 million in DEX trading volumes.
Key Points
1. Ethereum’s new blobs have not boosted its price during a healthy correction.
2. Bitcoin and ether are both down 7%, reaching their lowest points since early March.
3. Only four cryptocurrencies in the top-100 have seen gains, with China-focused conflux (CFX) and AI-styled fetch (FET) leading the way.