Crypto asset manager Bitwise has said large financial institutions representing “trillions of dollars in assets” are poised to invest in Bitcoin through spot exchange-traded funds (ETFs) by the end of June, at a time in which Bitcoin’s price has topped $71,000 for the first time.
The Ethereum blockchain experienced a surge in revenue this week, reaching its highest level since May 2022. Revenue was 78% higher than last week, which coincides with a renewed speculative frenzy surrounding memecoins.
The decentralized autonomous organization (DAO) behind the popular stablecoin DAI, MakerDAO, has enacted a series of temporary fee adjustments to safeguard its protocol after a period of “increased volatility and bullish sentiment” saw the reserves backing DAI diminish.
Top stories in the Crypto Roundup today:
- Bitcoin Tops $71,000 as “Trillions of Dollars in Assets’ Eye Spot BTC ETFs
- Ethereum Transaction Fees Highest Level in Nearly Two Years
- MakerDAO Prepares For Potential ‘DAI Demand Shock’ with Fee Hikes
- Memecoins Lead Crypto Market with Over 300% Surge This Year