🚀 CMC Market Pulse: Ethereum’s Redemption Arc. ETH +18%! BTC +3%! $3.87T crypto market cap! ETH ETFs rake in $726M! SharpLink now holds 280K ETH! Funding rates spiking, risk is back! Let’s break down this week’s top crypto narratives 🧵 1/6
📉 Market Overview: Crypto mcap surged 9.65% to $3.873T. BTC +3.13%, ETH +18.1% as bulls returned. Shorts got wrecked, but long liquidations show leverage is high. Funding rates rising fast, majors in double digits. S&P +0.67%, Nasdaq +1.42%. 2/6
đź“° Narrative of the Week: ETH Reclaims the Spotlight ETH saw $726M in ETF inflows, neck and neck with BTC. SharpLink scooped 74K ETH, totaling 280K+. BitMine now holds 300K ETH, valued at $1B. Sentiment shifts as ETH finally outpaces BTC for the week. 3/6
🗓️ Major Project Updates: Coinbase Wallet launches Base App—a crypto superapp to trade, earn, chat, and build. Plasma opens public token sale + testnet. Cosmos shares a roadmap to onboard Web2 institutions. Sonic Labs drops AI no-code builder, Spoark. 4/6
🏦 DeFi Brief: Theo Network and Standard Chartered launch thBILL—an on-chain money market product. Lido intros stVaults with MEV and fee structure options. GMX recovers funds post-exploit via $5M bug bounty. 5/6
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