The cryptocurrency market continued to move forward last week as the overall capitalization of the digital asset market exceeded $ 3.27 trillion, an increase of 8.6% last week.
Bitcoin (Btc) reached a high $ 103,600 on May 8 after winning $ 100,000 in the first time since January. Its market dominance has also increased above 60%, reflecting more bullish BTC sentiment. It was marked third time that the BTC was damaged in six numbers since reaching the Milestone on December 5, 2024, and again on January 20, leading President Donald Trump’s inauguration.
The BTC’s increase in conjunction with Trump announcing a trade deal with the United Kingdom, which may include removing a 10% blanket tariff in all imports.
In the wider crypto space, the Pectra upgrade of the Ethereum has implemented the necessary improvements for the crypto ecosystem. Upgrading was followed by a 26% price attack for ether (Eth), rising from $ 1,800 on May 7 to over $ 2,300 on May 9.
Bitcoin Defi sees the progress in participation in mining despite TVL’s dropping
Messari’s “State of Rootstock” for 2025 showed that the combined mining participation grew a full time of 81% to Q1 2025, from 56.4% in the previous quarter. Advancement is attributed to the onboarding major pools of spiderpool and foundry mining.
The flow of mining support strengthened the rootstock hash power above 740 exahashes per second. This exceeded the total bitcoin hashrate recorded in October 2024, marked a more mature stage for the combined -combination of platform mining.
Advancement with the combined mining participation came as the rootstock ecosystem faced the headwinds. In Q1 2025, the total rootstock cost of locking (TVL) declined. Its Bitcoin TVL dropped 7.2%, while TVL’s dollar denomination fell over 20% quarter-on-quarter.
This mirrored of a wider descending trend throughout the Defi sector, with Ethereum based on Defi TVL showing a 27% decline at the same time.
Hacken CEO saw “No Shift” in crypto security while April Hacks hit $ 357 million
Crypto hacks in April saw nearly $ 360 million in property stolen from 18 incidents. It represents a nearly 1,000% increase in the amount lost in March.
The biggest loss is derived from an unauthorized movement of Bitcoin. On April 28, blockchain investigator ZachXBT reported a weak -suspected bitcoin transaction worth $ 330 million. He later confirmed that it was a social engineering attack that targeted an elderly American.
In an interview with Cointelegraph in the event of token2049, Hacken CEO Dyma Budorin told Cointelegraph that the industry continued to rely on limited security measures even after a $ 1.4 billion bybit hack incident. Budorin said the space implements limited steps instead of deploying comprehensive techniques.
“Most of the projects are thinking, ‘Okay, we make pentests. Enough. Maybe bug bounty. That’s enough.’ That’s not enough, “Budorin told Cointelegraph.
AI Decentralized Apps for Web3 Throne: Dappradar
While the gaming and defi held in the top area in the decentralized application (DAPPS) ecosystem, artificial intelligence is slowly gaining.
Blockchain Analytics platform Dappradar showed that play and defi saw 21% dominance over the DAPP in April. However, the AI DAPPS climbed to 16%, out of 11% recorded in the February Platform data.
“While the user’s interest in artificial intelligence tools is growing in industries, AI -powered dapps are continuing to engrave their area in decentralized ecosystem,” Dappradar analyst Sara Gherghelas said.
Gherghelas added that if the trend continues, AI may challenge the dominance of the defi and play, which signed a “new era” to the DAPP scene.
Bitcoin-supported loans are “obvious” to the next step-of the Xapo bank’s bank
Bitcoin holders are becoming more confident in using their BTC to borrow funds. In a token2049 interview, the CEO of the Xapo Bank Seamus Rocca told Cointelegraph that investors moods have moved from short-term speculation to a more long-term Bitcoin perspective.
Rocca said confidence came from the broader adoption of the institutional and bitcoin price levels that “nowhere near” destroying.
Rocca said Bitcoin-supported loans allow holders to remain exposed to property when faced at unexpected costs. The executive said the wise thing to do is not to sell the owner when the price increases.
However, when life reaches the way, Rocca says investors can avoid lying their Bitcoin by borrowing against ownership and paying interest. In this way, they can be handled in property despite the need for liquidity for their costs.
Overall -Defi Market
According to the data from Cointelegraph Markets Pro And tradingview, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.
The memecoin Pepe (Pepe) rose more than 53% as the largest Gainer of the week, followed by the Pudgy Penguins (Penguins) token, which reached 47% last week. Ether (Eth) is the third largest profit, showing an increase of 35%.
Thanks for reading our summary of the most affecting defi development of this week. Join us next Friday for more stories, perspectives and education about the dynamic advancement of this space.
