📊 Crypto Reports (May 10, 2024):
1️⃣ Clark Moody Bitcoin: As of May 5, 2024, the #Bitcoin network surpassed 1 billion transactions, reaching this milestone at block height 842,241. At the time of writing, the total processed transactions stand at 1,000,323,746, averaging over 178,000 daily transactions. 📈
2️⃣ Bloomberg: More than 90% of "stablecoin" volume is attributed to non-genuine users, indicating limited adoption of cryptocurrencies for transactions. 💰
3️⃣ CoinShares: Capital outflows from crypto funds amounted to $251 million between April 29 and May 3, 2024. 💸
4️⃣ SEC: In the first quarter of 2024, trading powerhouse Susquehanna International Group (SIG) injected $1.2 billion into spot Bitcoin ETFs. 💼
5️⃣ SEC: #Robinhood reported a net profit of $157 million in Q1 2024, a significant turnaround from the $511 million net loss reported in the same period last year. 💹
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