Welcome, Crypto enthusiasts!

Blackrock is dominating the Bitcoin ETF industry with it accounting for 95% of the total inflow volume for BTC ETF’s on May 21st.

In Today’s Blockstreet Journal:

• Blockrock Bitcoin ETF Inflows ATH

• PEPE Breaks New Record Highs

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

MARKET NEWS
🏦 Blackrock’s Bitcoin ETF Inflow Hits New ATH 

Word On The Street: BlackRock's Bitcoin exchange-traded fund (ETF) took the spotlight on Tuesday, May 21, accounting for a whopping 95% of the total inflows into United States-based Bitcoin ETFs. This surge contributed to a substantial net inflow of over $300 million across all spot Bitcoin ETFs.

The details:

• Data provided by Farside Investors indicates that BlackRock's iShares Bitcoin Trust (IBIT) experienced a significant influx of $290 million on May 21 alone, marking the highest inflow since April 5.

• This turnaround ends a six-week streak of minimal or zero inflows into the fund, and notably surpasses the cumulative inflows of the past 21 trading days.

• In total, more than $1 billion has flowed into spot Bitcoin ETFs over the last four trading days, coinciding with a volatile period in Bitcoin's price action.

Why it matters: The recent surge in Bitcoin ETF activity coincides with a 12% price increase in Bitcoin over the past week, reaching a six-week high of $71,600 on May 21 before retracing below the $70,000 mark in early Asian trading on May 22, currently trading at $69,444.

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MEME COINS 
🐸 PEPE Surges Outperforming Other Memes 

Word On The Street: Ethereum-based memecoin Pepe experienced a remarkable surge of 27%, reaching a new all-time high. This surge was primarily fueled by speculation surrounding the potential approval of spot Ether exchange-traded funds (ETFs) in the United States.

The details:

• Crypto trader Matthew Hyland voiced his confidence in Pepe's potential, stating, "PEPE is probably the best memecoin play for the ETH ETF," in a post dated May 21.

• During this period, Ether (ETH) saw a notable uptick of 23.28% over the past two days, reaching $3,785.

• Additionally, Pepe's open interest (OI), which measures the total value of all outstanding PEPE futures contracts across various crypto exchanges, surged by 40% to $172.96 million within the last 24 hours, as reported by CoinGlass data.

Why it matters: Pepe emerged as the frontrunner in terms of price growth among the top 10 memecoins by market capitalization over the past 24 hours. However, other leading memecoins also witnessed substantial price surges over the last week, with Bonk (BONK) rising by 40.80%, Floki (FLOKI) by 21.94%, and Book of Memes (BOME) by 25.04%.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.61T, a 0.64% increase over the last day.

The total crypto market volume over the last 24 hours is $103.66B, which makes a 37.31% decrease. The total volume in DeFi is currently $7.17B, 6.92% of the total crypto market 24-hour volume. The volume of all stable coins is now $96.09B, which is 92.70% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.22%, an increase of 0.17% over the day.

Global Market Metrics

As of now, the current state of the cryptocurrency market is as follows:

- Total Market Cap: Approximately $2.61 trillion

- Total 24h Volume: Approximately $103.66 billion

- Bitcoin Dominance: 53.22%

- Ethereum Dominance: 17.34%

- Active Cryptocurrencies: 10,005

- Active Market Pairs: 82,762

- Active Exchanges: 770

Market Segment Highlights:

- DeFi (Decentralized Finance):

- Market Cap: $96.27 billion

- 24h Volume: $7.17 billion (38.30% decrease)

- Stablecoins:

- Market Cap: $155.71 billion

- 24h Volume: $96.09 billion (38.25% decrease)

- Derivatives:

- 24h Volume: $746.50 billion (31.31% decrease)

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Delabs Games Airdrop

Delabs Games has recently raised $12 million from investors like Polygon, SPARTAN, PLANETARIUM and Merit Circle. Visit their airdrop page and complete easy social tasks to earn free points. 7% of their GAME token supply is allocated for airdrops, and 25% of the token supply is for community rewards.

Step-by-Step Guide:

1. Visit the Delabs Games website.

2. Connect your MetaMask, Coinbase, or OKX wallet.

3. Enter the referral code “G0YYU2PT” and confirm it.

4. You will get 100 points.

5. Connect your X account and complete easy social tasks.

6. You will earn free points for completing the tasks.

7. You can also earn free points by completing daily check-in and daily draw tasks.

8. Delabs Games is also airdropping free points for holding their NFTs.

9. Additionally, you can earn free points for inviting your friends.

10. Users who collect the points will likely earn a share of the GAME airdrop allocation.

Other News

BoE regulatory 'culture shift' could open door to new tech. Proactive regulatory shift aims to integrate emerging technologies are being discussed.

Stripchain raises $10M to simplify blockchain experience. Stripchain’s funding round included investors such as Sora Ventures, Hyperithm, Shima Capital, Mechanism and several crypto angel backers.

Worldcoin to stop operations in Hong Kong. The PCPD ruled that Worldcoin’s retention of biometric data for up to 10 years for AI model training, including face and iris images, was unjustified.

Coffeezilla calls out Rabbit over alleged scam. Coffeezilla said that the artificial intelligence product Rabbit R1 was overhyped which he believes to be a “scam.”

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