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SUMMARY NEWS OF THE WEEK (March 27 – April 2)

*Crypto market at the end of March is quite gloomy, Bitcoin is around the threshold of 27-28k, most altcoins are flat, some altcoins have strong momentum such as XRP, SXP, ICX, MASK, BLUR, INJ, etc. CERL, OMG, NEXO… so let’s summarize the last week’s movements: ***Solar(SXP) upgraded to layer1** supported by Binance, token price increased by 157%: (https:/ /twitter.com/SolarNetwork/status/1640644579211849728)(https://twitter.com/SolarNetwork/status/1640644579211849728) **Amazon will launch NFT Marketplace** at the end of April, #NFTFi BLUR, LOOKS token price increased sharply (https://en.thebigwhale.io/article/nfts-amazon-lancera-sa-plateforme-le-24-avril )(https://en.thebigwhale.io/article/nfts-amazon-lancera-sa- plateforme-le-24-avril) **Arbitrum Foundation controversy**: The proportion allocated to the DAO Treasury has decreased from 4.2B to ~3.5B, of which 750 million ARB tokens will be transferred to Arbitrum Foundation, with the aim of supporting development grants and selling to offset the operating costs of the network. In this 750M, 50M has been transferred to market maker Wintermute and pushed to CEX. ***The most deposited tokens by Smartmoney in the past week are:*** * Trending #LSD projects: SSV, LDO, FXS,… * Large-cap stocks like WBTC, MATIC, GALA * Coins Strong increase in price like MASK, BLUR ***The most withdrawn tokens** by Smartmoney in the past week are**:* * Stablecoin group: USDT, USDC, BUSD, DAI * Big project ETH, DYDX , APE, BAL, SNX, FTM but at a rather modest value **Maket Maker Cash Flow** * MMs like Wintermute, Jump Trading are holding many stablecoins in the past week like USDC, TUSD, USDT and they are * ** net selling ETH before Shanghai upgrade Source: ***https://s.depocket.com/AnNuLk*** ***




Source: Collector

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