JUST IN: Elon Musk's xAI acquires X in an all-stock transaction, valuing both companies at 80 billion.

Ethereum's ETH hit its weakest price against bitcoin in almost five years as macroeconomic concerns added pressure to risk assets.

Bitcoin dominance has risen to 58%, defying expectations of an altcoin market rotation despite favorable conditions.The following is an excerpt from The Block’s Data and Insights newsletter.

According to the weekly report on cryptocurrency holdings released by CME, BTC holdings were 29036, a decrease of 3.89% compared to the previous period; There are 18842 ETH holdings, an increase of 0.19% compared to the previous period.

According to CNBC, U.S. President Donald Trump has pardoned three co-founders of the BitMEX cryptocurrency exchange: Arthur Hayes, Benjamin Delo and Samuel Reed.Last July, BitMEX pled guilty to violating the Bank Secrecy Act.