
Introduction
Tokenization was once considered the holy grail of blockchain technology, offering borderless markets, 247

Don't Sleep on RWA Layer 1s: Onboarding the Next Trillion-Dollar Assets




Headline News



Bitcoin traded sideways last week, fluctuating between $103,000 and $107,000, before sharply droppin

Weekly Market Insight: June Week 2




Headline News



Bitcoin fell 3.04% last week, snapping a seven-week winning streak. The much-anticipated Bitcoin 202

Weekly Market Insight: June Week 1


Introduction
Bittensor was founded in 2019 by Jacob Robert Steeves, a former Google AI engineer, with the vision of bui

Bittensor: The AI Alpha




Headline News



Last week, Bitcoin gained 2.37%, initially surging due to a "flight to safety" as US credit concerns

Weekly Market Insight: May Week 5




Headline News



Bitcoin rose by 2.27% last week, with the broader crypto market trading largely sideways following t

Weekly Market Insight: May Week 4




Headline News



Bitcoin has benefited from growing optimism surrounding potential trade deals between the US and bot

Weekly Market Insight: May Week 3 




Headline News



Bitcoin rose by 0.65% last week, closely tracking the U.S. stock market, though price action remaine

Weekly Market Insight: May Week 2




Headline News



Bitcoin and SP500 surged by 10.12% and 4.59% last week, driven by growing optimism over a potential 

Weekly Market Insight: May Week 1

<div data-page-id="Yly2dUNTRoPTQIxBpISlfc60guf" data-lark-html-role="root" data-docx-has-block-data="false">
<div class="ace-line ace-line old-record-id-doxlge6UcOBHYXMxrSuOaCITCdd">
<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlg2HLw8f1BTUEIWKni6o62Rf" data-list="bullet">
<div>Bitcoin price increased by 1.7% last week, showing resilience compared to the S&amp;P 500&rsquo;s 1.5% decline over the same period. Bitcoin dominance has climbed for seven consecutive weeks, drawing a net inflow of $15.85 million into BTC ETFs despite ongoing macroeconomic uncertainty last week.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgFdGBQQkbDzVHPWwk6iS8Ib">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlg3NzHAmKIUCvzJG14lnyfFd">
<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-A9khdhxFboj2dkxfTr3lXBnegLg" data-list="bullet">
<div>President Trump is considering temporary relief on auto tariffs (currently at 25%) and auto parts (set to take effect on May 3). A mineral agreement with Ukraine is expected to be signed on Thursday.</div>
</li>
<li class="ace-line ace-line old-record-id-MirydGzvwo09RUxHqcBl9MQAghf" data-list="bullet">
<div>US-China dialogue remains vague, with Chinese officials insisting on respect before engaging further. Meanwhile, the White House has floated potential tariffs of up to 245% in response to China's retaliatory actions. Trump later clarified that talks with Chinese authorities are ongoing.</div>
</li>
<li class="ace-line ace-line old-record-id-VQF5dcxt3o0jslxj62WlRbl6gWh" data-list="bullet">
<div>The ECB cut interest rates by 25bps to 2.4%. Euro-denominated stablecoins surged 26% in April, driven by US Dollar depreciation.</div>
</li>
<li class="ace-line ace-line old-record-id-UPHxdP5Oso8iaAxrqNMleKYEgrd" data-list="bullet">
<div>Fed Chair Jerome Powell reaffirmed a cautious, wait-and-see stance on monetary policy. Trump voiced frustration with Powell on social media. Kalshi, the largest regulated prediction market, places the odds of Powell&rsquo;s removal at<a rel="nofollow" href="https://kalshi.com/markets/kxleavepowell/powell-leaving"> 24%</a>, though such a move would challenge constitutional norms.</div>
</li>
<li class="ace-line ace-line old-record-id-WpQJdjzcLoYTEwx9vcWl5cERg5b" data-list="bullet">
<div>US retail sales rose 1.4% in March, slightly beating expectations of 1.3%.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgzxLmacTph8knpGLm91wD5d">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlg5GYV0g28uiCFrvmwWBtlXb">
<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgB5fx6v3XjXq5DsBhxGp5Mf" data-list="bullet">
<div>Thursday, April 24, 8:30pm: US Durable Goods Orders in March</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgcZHo0nm7OZMSNS5XJuunud">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlgy6wjKw6kBXVumQXCBiHadh">
<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgdoLiRX0tz7f16RdP6bz1xb" data-list="bullet">
<div>Visa is reportedly joining Paxos' <a rel="nofollow" href="https://www.coindesk.com/business/2025/04/14/visa-is-joining-the-paxos-robinhood-stablecoin-consortium-sources?utm_term=organic&amp;utm_medium=social&amp;utm_content=editorial&amp;utm_campaign=coindesk_main&amp;utm_source=twitter">USDG</a> consortium together with Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish and Nuvei.</div>
</li>
<li class="ace-line ace-line old-record-id-ON2Yd37RJobchrxTAIGlagNAgwc" data-list="bullet">
<div>Canary Funds filed a staked TRX ETF application with the SEC.</div>
</li>
<li class="ace-line ace-line old-record-id-QKpcdUQwJo5n0ixntVulI4CogNc" data-list="bullet">
<div>VOXELUSDT on Bitget was exploited (reportedly in millions of dollars) due to a likely market-making bot bug causing the bot to trade in a big spread. The bot bid the price to increase 10% and sold back to a lower price every few seconds. Traders detected and placed opposite bets repeatedly to profit from the bug. <a rel="nofollow" href="https://www.bitget.com/support/articles/12560603825918">Bitget</a> detected the abnormal trading activities and rolledback those exploited trades.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgcYrS8XI0snlRuUIongOn0g">
<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxlgmLXUMsnXQcFrGrfIuokSih">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgEroSccrxmNMbdhhAEj0rme" data-list="bullet">
<div>Solayer has launched the first <a rel="nofollow" href="https://x.com/solayer_labs/status/1912560881688531121">Emerald Reward program</a>, rewarding users with LAYER tokens for purchasing items with the Emerald Visa card.</div>
</li>
<li class="ace-line ace-line old-record-id-YXvjdjmPSoYElkxKVGblwitZgPc" data-list="bullet">
<div>Converge, RWA Layer-1 powered by Ethena and Securitize, released <a rel="nofollow" href="https://www.convergeonchain.xyz/blog-posts/converge-tech-specification-roadmap">technical specification</a> and roadmap, introducing ENA as the staking token, USDtb and USDe as the gas token. The new blockchain will be built in collaboration with Arbitrum, Celestia and Conduit.</div>
</li>
<li class="ace-line ace-line old-record-id-MjbYdRRVAoAxShx1NyNleXuRgLb" data-list="bullet">
<div>Arbitrum launched <a rel="nofollow" href="https://x.com/arbitrum/status/1912945720237367449">Timeboost</a>, allowing users on Arbitrum One and Nova to bid for faster transaction inclusion through a private mempool.</div>
</li>
<li class="ace-line ace-line old-record-id-UneTdBIvmoTlEpxJ3AnlcrEfgYe" data-list="bullet">
<div>Astar Network reduced token inflation from <a rel="nofollow" href="https://astar.network/blog/astr-dynamic-tokenomics-update-194">4.86% to 4.32%</a> with the new dynamic inflation, allocating more weight on AdjustableStakersPart.</div>
</li>
<li class="ace-line ace-line old-record-id-NHptdEyZtoStmUxBV7PlV4LSgxh" data-list="bullet">
<div>Babylon announced <a rel="nofollow" href="https://babylonlabs.io/blog/sui-to-become-a-bitcoin-secured-network">Sui</a> to become a Bitcoin Secured Network (BSN) as part of Babylon's Phase 3, enabling use of Bitcoin as the staking asset to secure Sui Network.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxlg0kazMMfzD3BiHWHUPTu8Ae">&nbsp;</div>
<h3 class="heading-3 ace-line old-record-id-doxlgMckK3MBWqawJzSLhcIhjlb">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-SntMduuRjoL0FaxlUX2lKGcugqf" data-list="bullet">
<div>A16z announced an additional $55 million investment in <a rel="nofollow" href="https://x.com/alive_eth/status/1912899221868396869">ZRO</a>, with a 3-year lockup.</div>
</li>
<li class="ace-line ace-line old-record-id-ZmAQdvuIFoCpwRxLYnAleqyNgRg" data-list="bullet">
<div>Balancer v3 went live on <a rel="nofollow" href="https://medium.com/balancer-protocol/balancer-v3-on-avalanche-pushing-liquidity-forward-059a4ea7d14d">Avalanche</a> with Boosted Pools and programmable Hooks features.</div>
</li>
<li class="ace-line ace-line old-record-id-Q9BydD0RJofpWPxPV9VlW8uCguh" data-list="bullet">
<div>Avantis launched <a rel="nofollow" href="https://x.com/avantisfi/status/1912180762301862312">Zero-Fee Perpetuals</a> on Base, charging fees only if the trades realised in profit.</div>
</li>
<li class="ace-line ace-line old-record-id-D8eZdxGDMo4NQtxGvq1lnr8Igjc" data-list="bullet">
<div>Felix Protocol, Liquity v2 fork on Hyperliquid, enables <a rel="nofollow" href="https://x.com/felixprotocol/status/1912118353499406722">UBTC</a> collateral for minting stablecoins on Hyperliquid.</div>
</li>
<li class="ace-line ace-line old-record-id-OO0Hd8OPvoNmQ5xNSP1lKvt3g3b" data-list="bullet">
<div>F(x) Protocol deposited protocol-owned wstETH and USDC to <a rel="nofollow" href="https://x.com/protocol_fx/status/1912153702485643283">Aave</a> to generate extra yield for Stability Pool stakers.</div>
</li>
<li class="ace-line ace-line old-record-id-YQ4sd3X5eoCO89xX46MldaBigK2" data-list="bullet">
<div>Euler went live on BNB Chain with a $100K incentive program. Euler's TVL has crossed $1 billion.</div>
</li>
<li class="ace-line ace-line old-record-id-USDodoDqdoYQtCxrZLpl5bpKgxc" data-list="bullet">
<div>Spark Finance has allocated <a rel="nofollow" href="https://x.com/sparkdotfi/status/1912133326695182805">$50 million</a> to Maple's SyrupUSDC and potentially increase to $100 million in the future. Maple's TVL has crossed $1 billion as well.</div>
</li>
<li class="ace-line ace-line old-record-id-LFutd6a6qof75dxKiQHlyHa2g6e" data-list="bullet">
<div>Jupiter released <a rel="nofollow" href="https://x.com/JupiterExchange/status/1911820454366454162">Jupiter Pro</a>, an advanced trading platform on Solana with real-time analytics and 10x lower fees. Jupiter also introduced a new aggregator, <a rel="nofollow" href="https://x.com/JupiterExchange/status/1912898538142413066">Juno</a>, improving execution by 4.6x with new router algorithm and additional sources.</div>
</li>
<li class="ace-line ace-line old-record-id-ZNe0dhnLLou6OYxesERlIErYgFc" data-list="bullet">
<div>Raydium launched <a rel="nofollow" href="https://x.com/RaydiumProtocol/status/1912496080383799632">LaunchLab</a>, its own version of Pump.fun.</div>
</li>
<li class="ace-line ace-line old-record-id-SAbmdEFuUoH7IaxahuglKJQygbh" data-list="bullet">
<div>Defi App has integrated <a rel="nofollow" href="https://x.com/defidotapp/status/1912842843128803776">Sonic Network</a> to their platform with zero gas and bridges.</div>
</li>
<li class="ace-line ace-line old-record-id-EkbmdVhvfoinbqx7V7uljpGjgOc" data-list="bullet">
<div>ElizaOS launched <a rel="nofollow" href="https://x.com/autodotfun/status/1913705865770619285">auto.fun</a>, a no-code token launch platform with token graduation to Raydium and swap fees from graduated tokens are used for AI16Z buyback.</div>
</li>
<li class="ace-line ace-line old-record-id-GvoRdciY0o2dV8xaamFlBR3WgHy" data-list="bullet">
<div>Glow Finance launched an <a rel="nofollow" href="https://x.com/GlowFinanceXYZ/status/1911883050419396711">undercollateralised lending</a> platform on Solana via margin account.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgiMiUl9gOlaWMMssA9UiehZ">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlgMG94dGX3CRzVzShfwSLiAd">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgbyA0VFoajSdKRhPOrSNjXr" data-list="bullet">
<div>GMX passed the proposal to select LayerZero as its messaging partner for <a rel="nofollow" href="https://snapshot.box/#/s:gmx.eth/proposal/0xc0fa577853fa0d066e876a4df3cf8ae7302c60b68f1f13675821dbf5d2acac1b">multichain expansion</a>, including GMX, GM tokens and cross-chain governance.</div>
</li>
<li class="ace-line ace-line old-record-id-QNVfdoJbMohSEZx21V6l9bO4gBm" data-list="bullet">
<div>Zora, the SocialFi platform on Base where users are able to tokenise posts on the platform, is expected to launch <a rel="nofollow" href="https://x.com/zora/status/1914051452882063793">ZORA</a> token on April 23. Base released a tokenised post "<a rel="nofollow" href="https://zora.co/coin/base:0xd769d56f479e9e72a77bb1523e866a33098feec5">Base is for everyone</a>" last week, currently trading at a market cap of approximately $8 million.</div>
</li>
<li class="ace-line ace-line old-record-id-TV5KdM8mjoFDLsxlMGwlUTiVgGd" data-list="bullet">
<div>While the Arizona Bitcoin Reserve Bill is still currently pending the final House vote, Texas has scheduled a Bitcoin Reserve hearing on April 23.</div>
</li>
<li class="ace-line ace-line old-record-id-Wb6WdLkWAoxNLNxSFiDlUVFYgsc" data-list="bullet">
<div>Dolomite, the leading lending protocol on Berachain, is expected to launch <a rel="nofollow" href="https://x.com/Dolomite_io/status/1912968870102802930">DOLO</a> token on April 24 with 36% initial circulation supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Kdjtdu3HzoxtwaxmR2BlbXAwg9d" data-list="bullet">
<div>Initia, the new Layer-1 blockchain that offers interwoven rollups (Layer-2 with custom VM, gas token and transaction ordering) and enshrined liquidity, is expected to launch its mainnet and token <a rel="nofollow" href="https://x.com/initia/status/1912800334197784664">INIT</a> on April 24. INIT is currently trading at approximately $750 million FDV on the perpetual market.</div>
</li>
<li class="ace-line ace-line old-record-id-JWpYd4q0NoJFLux0Q8hlQZCug4g" data-list="bullet">
<div>Solana will be holding the <a rel="nofollow" href="https://x.com/solana/status/1890045891027017737">Crossroads</a> conference from April 25 to 26 in Istanbul.</div>
</li>
<li class="ace-line ace-line old-record-id-TPIUdqEQlouMNvxP4wgldMNTged" data-list="bullet">
<div>Pendle announced increasing YT fees from <a rel="nofollow" href="https://x.com/pendle_fi/status/1911766400210997399">3% to 5% </a>from May 2 onwards. All fees will be distributed to vePENDLE holders in stables. The adjustment is expected to increase the overall protocol revenue by 30% or vePENDLE APY by 60%.</div>
</li>
<li class="ace-line ace-line old-record-id-Ymvwd37rvocsK0x4J6qlKRPmgCm" data-list="bullet">
<div>Aptos proposed to reduce the staking rewards rate from <a rel="nofollow" href="https://x.com/Aptos/status/1914031315810447442">6.8% to 3.79%</a> over 3 months, aiming to encourage more DeFi activities beyond staking.</div>
</li>
<li class="ace-line ace-line old-record-id-P8bSdYPbkoXpmJx4zW6lqki7g1g" data-list="bullet">
<div>Vitalik proposed replacing EVM with <a rel="nofollow" href="https://ethereum-magicians.org/t/long-term-l1-execution-layer-proposal-replace-the-evm-with-risc-v/23617">RISC-V</a> architecture to boost performance of Ethereum execution layer by 100x.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxlgBhjZrxLdRovsKvbUxlvYib">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgr8B2S1oTrubWOCMZJShwGd">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-Oztjd2pDqovKVex2M6UlJdrZg3d" data-list="bullet">
<div>PLUME token unlocked on April 21, amount representing 5.48% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-E9cJdOOVTo2rpuxRwValf4Sygsd" data-list="bullet">
<div>RON token unlocked on April 27, amount representing 5.28% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-UlxLdFHYxofW8SxDFiqlHHPFgXc" data-list="bullet">
<div>GRASS token unlocked on April 30, amount representing 1.35% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-J8qfdsul7oBNwGxoVRalpPhcgLf" data-list="bullet">
<div>OP token unlocked on April 30, amount representing 1.99% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-CNqudqZh5oyLGuxxmxjldU8PgNe" data-list="bullet">
<div>SUI token unlocked on May 1, amount representing 2.71% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-SNpJdlDMgoT0uLx5yPnlmky0gqe" data-list="bullet">
<div>ENA token unlocked on May 2, amount representing 1.69% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-TJsedwSGjos7usxvRtFlvcetgth" data-list="bullet">
<div>JTO token unlocked on May 7, amount representing 3.54% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-MG5LdoACUoD2rPxZo01l7KOUgEg" data-list="bullet">
<div>MOVE token unlocked on May 9, amount representing 2.04% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgA7ABWCQHL9oaqp5FZF405b">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlgaehvNQg4nK4sbPDC39jewb">Please click <a rel="nofollow" href="https://chainupgroup.larksuite.com/share/base/form/shruso3ZBWdvpzRlCT4jwnicgrb">HERE</a> to subscribe for weekly market insight and exclusive research.</div>
</div>




Headline News



Bitcoin price increased by 1.7% last week, showing resilience compared to the SP 500s 1.5% decline o

Weekly Market Insight: April Week 4

 Gain real-time cryptocurrency & Web3 market analysis and insights from ChainUp for informed decisions. Stay ahead with actionable market updates