Crypto Assets Weekly: Ether Breaks Through $4000 Again After Two Years

This week, the crypto assets market continues to strengthen, with Ether ( ETH ) breaking the $4000 mark for the first time in more than two years. Let's review the important dynamics of the crypto market over the past week.

Market Overview

Last week, the Layer 2 ecosystem generally showed positive growth, with Starknet experiencing the most significant increase, reaching 19.64%. In the LSD( liquid staking derivatives) sector, both the deposit and withdrawal amounts on Ethereum increased, with the withdrawal amount seeing a larger growth of 3.74%. In the RWA( real-world assets) sector, the market capitalization grew by 20.27%, and the 24-hour trading volume rose by 9.37%.

Important Events

Ether has broken through the $4000 mark for the first time in over two years. As the second largest Crypto Asset by market capitalization, ETH reached $4000 on Friday, the last time it was at such a high level was in December 2021. In the past 30 days, ETH has risen by 67%, outperforming Bitcoin's 57% increase. Analysts believe that this surge is related to the market's expectation of the approval of the US spot ETH ETF.

Project Focus: NetMind

NetMind is a decentralized AI computing platform aimed at utilizing the idle GPU resources of global users to create a global computing power network for AI models. Its main products include the distributed computing platform NetMind Power and the customizable chatbot NetMind Chat, among others. NetMind has issued a native token $NMT to pay for platform fees and reward participants.

Investment Dynamics

• Kravata secured $3.6 million in funding, aiming to connect traditional finance with Crypto Assets, facilitating enterprises' entry into the Latin American web3 market.
• Blockchain security service platform GoPlus Security completes $4 million in financing.
• Bitcoin trading app Oyl completes $3 million funding.

Industry News

• MakerDAO temporarily raised the fee rate in preparation for a possible impact on Dai demand.
• Aevo offers pre-market trading of its tokens before the upcoming airdrop.
• BlackRock plans to purchase a spot Bitcoin ETF for its global allocation fund.
• The Optimism Foundation plans to privately sell OP tokens worth $89 million.
• Base indicates that it will support EIP-4844 after the Ethereum Dencun upgrade.

The encryption industry is developing rapidly, with new opportunities and challenges coexisting. We will continue to monitor market trends to provide readers with timely and professional analysis and insights.