Daily Dispatch
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Down and back up again 🎢

Down and back up again 🎢

The week ends where it began, but what a ride!

Ryan Ozawa
May 04, 2024

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📝 What you need to know

The price of Bitcoin—the bellwether of all crypto—rolled into the weekend where it started seven days ago. But its landing is deceptively level after a turbulent week. After dropping below $57,000 on Wednesday, it fought its way back above $63,000, disappointing those who bet against its recovery to the tune of $100 million.

Meme coins kept spirits high in the meantime: ORDI, TON, and BONK had Friday rallies. There was good news for DOGE holders, too: even if they missed the all-time high sparked by Elon Musk on SNL, most holders are also in profit.

Top Stories

This Week in Coins: Bitcoin Battered But Rebounds As Meme Coin Mania Abides

From Bitcoin's mid-week plunge to the prurient LIVEMOM pump, it was a wild seven days in crypto.

Moonbirds Copyright Controversy Exposes Flaws in Crypto's IP Obsession

Most NFT brands think ‘IP’ is the future. But as a Moonbirds announcement revealed this week, does anyone actually understand what that means?

Grayscale Bitcoin ETF Snaps Losing Streak, Pulls In $63 Million

After 80 days of outflows, the battered long-standing Bitcoin fund grew by $63 million.

Most Dogecoin Holders Didn't Buy the Elon Musk Top

A strong majority of Dogecoin holders are currently in the green, even at prices well below Elon Musk-led highs in 2021.

As Bitcoin Pumps, These Altcoins Are Doing Even Better

While Bitcoin is up 4.62% in the last 24 hours, ORDI, TON, and BONK are outperforming the market leader with impressive gains. Here's a closer look at their recent performance and potential price movements.

From Our Partner

QuickNode OnChain Report: 2024 Q1

The ever-evolving digital landscape sees continuous innovation, but in the last quarter alone, the blockchain ecosystem has witnessed a remarkable transformation. Here’s a report that puts it all in perspective.

This comprehensive report is a collaboration between QuickNode, a premier Web3 infrastructure and developer platform, and Artemis, a cutting-edge institutional data platform for digital assets. Together, they offer a deep dive into the significant commercial progress unfolding across various chains and sectors within the blockchain universe.

OnChain Report 2024 Q1

💬 Quote of the Day

❝

“Holy crap $GBTC had inflows today.
Their 80 day-ish streak is finally over…
On a scale of 1-10 how ‘we’re so back’ is this?”

—Eric Balchunas, Bloomberg ETF Analyst

🌐 From Our Hubs

🎮 GG: Solana Game ‘Nyan Heroes’ Returning With Expanded Play-to-Airdrop Rewards

Cats-in-mechs shooter Nyan Heroes will bring its servers back online next week as the second play-to-airdrop season kicks off.

🎭 SCENE: Musician FKA Twigs Tells Congress She Created Her Own AI Deepfake

Speaking before the U.S. Senate Judicial Committee, FKA Twigs shared her first-hand account of how AI could help or hurt artists.

🤖 EMERGE: OpenAI Could Challenge Google and Perplexity With AI-Powered Search

OpenAI is rumored to be announcing a new search engine powered by GPT, which would compete with Google Search and Perplexity AI.

📚 Dive Deeper

🎓LEARN: What are Parachains? Polkadot's Secret Weapon Explained

FROM OUR PARTNERS | Polkadot’s parachains offer a unique technical approach to achieving scalability and interoperability for blockchains. (Sponsored post by Polkadot Community)

📹 WATCH: How 'Notcoin' Will Evolve After the NOT Token Launch

Open Builders founder Sasha Plotvinov speaks with Decrypt's Sander Lutz at Token 2049 Dubai about how he envisions Notcoin's expansion and evolution after the token drop—into something akin to the "Netflix of social, viral games."