Welcome, Crypto enthusiasts!

A VanEck Ethereum ETF just got listed by DTCC 👀 

The Runes protocol has plummeted transaction wise by 84% indicating people might not be ready for Bitcoin Defi yet.

In Today’s Blockstreet Journal:

• VanEck ETH ETF Listed By DTCC

• BTC Runes Plummets

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

ETHEREUM
🏦 VanEck Has Ethereum ETF Listed By DTCC 

Word On The Street: VanEck's ETF has been listed by the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol “ETHV.”

The details:

• A listing on the DTCC is considered a crucial step before final approval from the U.S. Securities and Exchange Commission (SEC).

• The DTCC stated that their ETF list includes both active ETFs that can be processed and ETFs that are not yet active.

• May 23 marks the final deadline for the SEC’s decision on VanEck's spot Ether ETF application.

Why it matters: After months of speculation about a likely denial of spot ETH ETFs, the SEC took action earlier this week by asking financial managers to amend and refile their 19b-4 filings on their proposed spot Ether ETFs. Some analysts interpreted this move as a positive sign, increasing the potential chance of approval from 25% to 75%.

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BITCOIN
📉 Bitcoin “Runes” Lose Hype As Transactions Plummet 

Word On The Street: The Bitcoin Runes protocol is facing challenges in maintaining its share of Bitcoin transactions. Since its launch on April 20, Runes transactions have dominated Bitcoin blockchain traffic on eight different days, primarily during weekends.

The details:

• The launch of Bitcoin Runes coincided with the fourth Bitcoin halving, creating significant hype and increasing transaction volume on the Bitcoin blockchain.

• Bitcoin mining revenue surpassed the $100 million mark for the first time, achieving a record high daily earning of $107.7 million.

• Users spent $2.4 million in fees to inscribe runes and rare satoshis on the first halving block.

Why it matters: As of May 22, Runes accounted for 12.7% of Bitcoin transactions, compared to Bitcoin Ordinals (0.7%) and BRC-20 (1.5%), with the remainder occupied by BTC. This indicates an 84% decrease in Runes transactions from their peak.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.53T, a 1.53% decrease over the last day.

The total crypto market volume over the last 24 hours is $110.18B, which makes a 3.55% increase. The total volume in DeFi is currently $7.77B, 7.05% of the total crypto market 24-hour volume. The volume of all stable coins is now $102.14B, which is 92.70% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.89%, a decrease of 0.41% over the day.

Global Market Metrics

The current state of the cryptocurrency market is as follows:

- Total Market Capitalization: $2,539,795,529,558

- Total 24-hour Trading Volume: $110,186,414,300

- Bitcoin Dominance: 52.89%

- Ethereum Dominance: 17.90%

- Number of Active Cryptocurrencies: 10,046

- Number of Active Market Pairs: 82,917

- Number of Active Exchanges: 770

DeFi Market

- DeFi Market Capitalization: $92,954,565,314

- DeFi 24-hour Trading Volume: $7,773,640,110

Stablecoins

- Stablecoin Market Capitalization: $155,538,584,816

- Stablecoin 24-hour Trading Volume: $102,140,010,679

Derivatives

- Derivatives 24-hour Trading Volume: $832,137,859,089

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ deBridge User Airdrop

deBridge has raised $5.5M in funding from investors like Animoca Brands and ParaFi Capital and has also launched a points campaign. Users who make swaps on their cross-chain bridge can earn points based on their volume. Also, earn 25% of the points from each referral. They have announced the launch of their governance token “DBR” and has allocated 20% of the total supply for community & launch. They’ve also confirmed to allocate an undisclosed percentage of the supply for “Genesis community airdrop”. Early users who use the bridge and collect points will get the airdrop when their token goes live.

Step-by-Step Guide:

1. Visit the deBridge website.

2. Connect your wallet.

3. deBridge currently supports 11 blockchain networks such as Ethereum, Binance Smart Chain, and Polygon.

4. Now, make cross-chain swaps on deBridge and any partner application.

5. You will get 100 points for every $1 paid in fees to the deBridge protocol.

6. The more you bridge, the higher the points you will get.

7. Also, get 25% of the points from each referral.

8. Users who have previously used deBridge have earned bonus points based on their past activities.

9. For more information regarding the points campaign, see this tweet.

10. They have announced the launch of their governance token “DBR” and has allocated 20% of the total supply for community & launch.

11. They’ve also confirmed to allocate an undisclosed percentage of the supply for “Genesis community airdrop”.

12. Early users who use the bridge and collect points will likely get the airdrop when their token goes live.

Other News

Crypto exchanges form ‘Tech Against Scams’ partnership. Centralized exchanges led by Coinbase, along with Meta, Match, and Ripple Labs, have formed a group to prevent scams.

Bybit CEO refutes insolvency rumors, shares proof. Ben Zhou shared a post on X, clarifying that none of the rumors have “any real facts”.

Binance.US wins appeal to reinstate Florida license. “Just because you can do something doesn’t mean you should”, an appeal court told the Florida Office of Financial Regulation.

Cardano's 'centralization' concerns put a 30% crash in play. Whales are accumulating ADA during the correction period, ignoring the warning.

🫡 Thanks For Reading

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