Key weekly updates for btc/etfs, crypto exchanges, stablecoin markets and more:


【btc etf】
bitcoin etf needs new momentum: several near-expiry etfs failed to inspire confidence despite a record high close of 64,650.

although institutional participation is actively expressing their demand for btc through etf purchases, the overall market trend is still relatively quiet.


【stablecoin】
stablecoins still strong despite market correction: usdc and usdt continue to lead the stablecoin market, while mgn and bsud perform strongly, showing resilience amidst volatility.


【coinbase】
coinbase's stock outperformed bitcoin: coin shares have outperformed bitcoin in a recent comparison, showing the platform's strong user demand.


【exchange revenue】
spot volume up but revenue down: despite an increase in spot trading volume, revenue for exchanges fell to $160 million.


【usdc】
usdc on coinbase's market share from $12b to $1b: usdc's share on coinbase dropped significantly, reflecting users' shift to new stablecoin releases.


【eth】
eth institutional demand grows: cme eth futures have seen steady institutional interest in the past week.


【usdt and usdc】
stablecoin volumes on coinbase and binance: usdt and usdc trading volumes remain high on both exchanges, indicating stable demand.


overall, the market is currently at a standstill, but bitcoin etf interest and stablecoin resilience indicate positives for the future.
coingecko.com