The Cryptocurrency market continued to increase in this last week as the overall digital asset market capitation exceeded $ 3.27 trillion, increased by 8.6% compared to the previous week.
Bitcoin (BTC) reached a high level of $ 103,600 on 8 May after rebuating $ 100,000 for the first time since January. Its market dominance also increased above 60%, which reflects BTC spirit much faster. This was marked for the third time when BTC broke through six figures as it reached milestone on 5 December 2024, and then on 20 January, beyond the inauguration of US President Donald Trump.
The BTC growth occurred with the announcement of a business deal with the United Kingdom with Trump, which may include removing 10% blanket tariffs on all imports.
In comprehensive crypto space, the pectra upgrade of the atherium applied very essential reforms for the crypto ecosystem. The upgrade was followed by an increase of 26% for Ether (Eth), increased from $ 1,800 to more than $ 2,300 on 9 May on 7 May.
Bitcoin Defi sees an increase in mining participation despite a drop in TVL
Mesari’s “State of Routestock” report for 2025 showed that merger mining partnership Q1 2025 increased to all time of 81%, which was above 56.4% in the last quarter. The boom was attributed to the major mining pool spiderpool and the foundry onboard.
The influx of mining support extended the rootstock’s hash power above 740 across the second. It was recorded in the total network of bitcoins in October 2024, which marks a more mature phase for the merged mining growth of the platform.
Rootstock’s ecosystem faced headwind as an increase in merged mining participation. In Q1 2025, the total value of the rootstock declined in the lock (TVL). Its bitcoin TVL fell 7.2%, while the dollar-sect TVL fell more than 20% quarter and fourth.
This widely reflected the bottom trend in the DEFI sector, with the atherium-based DEFI TVL saw a decline of 27% in the same period.
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Hakan CEO saw “no shift” in crypto security, as April Hack killed $ 357 million
In April, Crypto Hax watched around $ 360 million in the stolen assets in 18 incidents. It represents an increase of about 1,000% on the amount lost in March.
The biggest disadvantage came from an unauthorized bitcoin transfer. On 28 April, the blockchain exploiter ZachxBT reported a $ 330 million suspect transaction of bitcoin. He later confirmed that it was a social engineering attack that targeted an elderly American.
In a coinalgraph interview at the token2049 event, Hacen’s CEO Dima Budorin told Cointelgraph that the industry continues to trust limited security measures even after the $ 1.4 billion bibet hacks. Budorin said that space implements limited measures rather than deploying comprehensive strategies.
“Most of the projects think,” Well, we have painted. This is enough. Perhaps bug bunty. This is enough. ” This is not enough, ”Budorin told the Cointelagraph.
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AI decentralized app web 3 is coming to the throne: DAPPRADAR
While Gaming and Defee conducted the top position in decentralized applications (DApps) ecosystems, artificial intelligence is gradually holding.
Blockchain Analytics platform Dappradar showed that gaming and Defee saw 21% DApp dominance in April. However, AI Daps climbed up to 16%, above 11% recorded in the platform figures.
“As user’s interest in artificial intelligence devices increases in industries, AI-operated DAPS are constantly making their place in decentralized ecosystems,” said Sarahghelus, analyst of DAPPRADAR.
Girghelus said that if the trend continues, AI can challenge DEPI and dominance of gaming, indicating “new era” in the DAPP scenario.
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Bitcoin-supported loan “clear” next step-CEO of Xapo Bank
Bitcoin holders are getting more confident to borrow money to use their BTC. In an interview by Tokeen2049, Xapo Bank CEO Seemus Rokoca told Cointelegraph that investors’ mood has shifted short -term speculations to a longer long -term approach on bitcoins.
Rakka said that trust comes from the price levels of widespread institutional adoption and bitcoin which is “no” liquidation.
ROCCA stated that bitcoin-supported debt holders allow the assets to be exposed to the property when facing unexpected expenses. The executive said that smart matter does not sell property when the price increases.
However, when the life is in the way, Rakka said that investors can avoid liquid to borrowing against property and pay interest by paying interest. In this way, they can catch assets despite the need for liquidity for their expenses.
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Defee market observation
According to data from cointelegraph markets Pro and TardingView, most of the 100 largest cryptocurrency by market capitalization ended the week in green.
Memcoin Pepe (Pepe) increased by more than 53% as the biggest advantage of the week, followed by Pudi Penguin (Pengu) token, which was up to 47% during the last week. Ether (Ath) was the third largest benefit, with an increase of 35%.
Thank you for reading our summary of the most influential DEFI development of this week. Add more stories about this dynamically moving location, connect us next Friday for more stories, insight and education.
