PRICE CHANGE: WTD/YTD

- BTC ($56,787): +13% / +96%
- ETH ($2,949): +26% / +300%
- XRP ($1.58): +37% / +617%
- UNI ($43): +23% / +764%
- Crypto Market Cap ($2.2T): +18% / +191% 
- BTC Dominance: 48%

NFT 3M TRADING VOLUMES

STABLECOIN MARKET CAP CHANGE: WTD/YTD

- Tether ($52B): +4% / +147%
- USDC ($14B): +28% / +270%

THIS WEEK IN CRYPTO

- Bitcoin prices rebounded this weekend, as Ethereum hit record highs of over $2,900. The total value of all Ethereum in circulation is now about $333 billion. Link. 

- Venture capital firm Andreessen Horowitz (A16z) is raising between $800 million and $1 billion to invest in crypto and crypto startups. It's previous fund raised last year was $515 million. The new fund would be one of the largest pools of capital dedicated to crypto, right after Paradigm who raised $1 billion. Link. 

- Ethereum wallet MetaMask has grown from 1 million active users in October to over 5 million this month. Link. 

- Binance, the largest crypto exchange by volume, is launching an NFT marketplace in June. Binance users would 

- Robinhood CEO Vlad Tenev tweeted that the company was working on external deposits and withdrawals for all of its cryptocurrencies, including DOGE. Link. 

- Nirvana's final photo shoot before Kurt Cobain's death will be released as an NFT collection, with a complete single-edition set of 104 images at a starting bid of 27.27 ETH. The photos were taken in 1993, about six months before Cobain took his own life. Drop link. Link. 

- Golden State Warriors are launching NFT championship collectibles, including Warriors Championship Ring NFTs and Commemorative Ticket Stub NFTs. Some of the NFTs will be paired with live experiences such as meeting the team. Link. 

- Coinbase customers in the US can now instantly buy up to $25,000 of crypto on the platform using debit cards and bank accounts linked to PayPal. Coinbase plans to expand its coverage to more countries in the coming months. Link. 

- Paxos, a cryptocurrency infrastructure company, raised $300 million in Series D funding led by Oak HC/FT valuing the company at $2.4 billion. In October Paxos had announced it would power the back-end of PayPal's crypto offering, providing the liquidity and regulatory capabilities for crypto buys and sells. Link. 

- Alchemy, a back-end tech solution for blockchain companies, raised $80 million in Series B funding at over a $500 million valuation. The round was let by Coatue and Addition. Alchemy says it powered more than $30 billion in transactions over the last 8 months and is powering much of the NFT industry. Alchemy has built developer tools that make it easier for to build blockchain applications. Link. 

- The Bright Moments NFT gallery opened in Venice. The gallery features LCD screens showing various NFT displays and is the testing ground for a DAO that would create similar galleries around the world. Buyers can use their ether wallets to bid on the digital art on display. Link. 

- Coinbase acquired data visualization and analytics platform skew and will integrate it with Coinbase Prime, allowing customers to track crypto spot and derivative markets in real-time. Coinbase Prime is used by 7,000 financial institutions today. Link. 

- UFC filed two crypto trademarks, including for a UFC-branded cryptocurrency with both fungible and non-fungible tokens and a corresponding app for users to interact with those tokens. Link. 

- Bitcoin mining firm Genesis ordered over $90 million worth of new mining gear from Canaan. Genesis currently has over 1.2% share of bitcoin's global mining hashrate and has mined over $1 billion in bitcoin since inception. Link.

- Total value locked in DeFi protocols on the Binance Smart Chain hit all time highs, after a series of protocol upgrades and cross-chain integrations. Link. 

- Total value locked in eth 2.0 passed $10 billion with almost 4 million ETH locked. The complete Eth 2.0 roll-out is expected to take another year and a half. Link. 

- Ripple Labs unlocked 1 billion XRP (just shy of $1.6 billion) from its escrow wallet, leading to a dip in price. Ripple had kept 20 billion, or 20% of tokens and promised to hold those tokens in escrow for 55 months to control the token price. Link. 

- BitPay said that bitcoin makes up only 50% of its processing volumes now, down from 95% four years ago. Dogecoin makes up about 10% of transactions and stablecoin volumes are growing as well. Link.  

- Tesla's Q1 SEC filings showed that it had sold 10% of its Bitcoin holdings last quarter, roughly $272 million. Tesla still holds almost $2.5 billion worth of Bitcoin on its balance sheet. Link. 

- Robo-advisory firm Wealthfront is adding cryptocurrencies to its offering. Link.