Summary
TLDR: Altcoin season is in full swing with dog coins like DOGE, BONK, and SHIB leading the market. Ethereum holders continue to stake their ETH as prices reach highs. EigenLayer surpasses Maker in staked ETH. MicroStrategy and CleanSpark are top-performing crypto stocks. Hut 8 struggles amid leadership changes. ProShares’ BITI ETF is down 32%. MicroStrategy execs have sold $155 million in company shares this year.
Key Points
1. Bitcoin is doing well but it smells like altcoin season out there — with a hint of wet dog.
2. Dog coins dogecoin (DOGE), bonk (BONK) and shiba inu (SHIB) lead the top end of the market with gains between 32% and 25% over the past day.
3. Arweave (AR), the “permaweb” blockchain geared for decentralized file storage, continues to enjoy a moment, also climbing by a quarter.