U.S. Spot Bitcoin ETFs See Net Outflows of 5176 BTC Last Week | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• No trends of note.

2. Cryptocurrency Trends:

• U.S. spot Bitcoin ETFs saw net outflows of 5176 BTC last week, marking the third consecutive week of net outflows.
• The Hong Kong Securities and Futures Commission (SFC) approves Asia's first spot Bitcoin and Ether exchange-traded funds (ETFs), which are scheduled to be issued on April 29 and listed on the Hong Kong Stock Exchange on April 30.
• Jupiter launches a tipping feature using Jito Bundles to protect users from MEV attacks by hiding transactions.
• io.net releases a post-mortem analysis of its recent security incident, stating that plans for the IO token launch remain unaffected. The CEO Ahmad Shadid stated that around 1.8 million fake GPUs attempted to connect to the network ten days ago, and the team is prioritizing identifying and blocking these devices.
• Forbes publishes a list of 20 "zombie tokens" (assets of little use except for speculation) with a market cap of over $1 billion. These include XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, and EOS.
• The Stargate V2 proposal, which has been approved by community vote, will introduce transaction batching and dynamic credit allocation to improve cross-chain efficiency and reduce cross-chain costs.

3. Financing Trends:

• Mocaverse, a Web3 project under Animoca Brands, has raised $21,255,559, far exceeding its original target of $5 million. The deadline for the public sale is May 2, 8:00 AM.

4. Regulatory Trends:

• ConsenSys provided four reasons why Ethereum should not be considered a security: i) SEC's historical position on Ethereum, ii) CFTC's classification of Ethereum as a commodity, iii) decentralization and open protocol, iv) irrelevance of the consensus mechanism shift.
• According to Bloomberg, Australia is expected to approve spot Bitcoin ETFs this year.