The cryptocurrency market continued to extend last week because the full capitalization of digital assets exceeded over 3.27 trillion dollars, which corresponds to a rise within the previous week by 8.6%.
Bitcoin (BTC) reached a high of 103,600 US dollars on May 8, after he recovered 100,000 US dollars for the primary time since January. The market dominance also rose over 60%and reflected a bullish BTC mood. This was the third time that BTC broke over six figures because it was achieved again on December 5, 2024 and January 20 on January 20, before the inauguration of US President Donald Trump.
The BTC promotion fell with Trump, wherein a trade agreement was announced with the United Kingdom, which could include removing a ten% ceiling tariff for all imports.
In the broader crypto room, the PECTRA upgrade from Ethereum has implemented urgently needed improvements for the crypto ecosystem. The upgrade was followed by a price rise of 26% for Ether (Eth), which rose from May 1,800 to over $ 2,300 on May 9 on May 9.
Total crypto market capitalization, 1-year diagram. Source: Coinmarketcap
Bitcoin Defi looks at participation in mining despite the decline within the TVL
Messari's “State of Rootstock” report for 2025 showed that the merging of the mining participation rose to an all-time high of 81% in the primary quarter of 2025, in comparison with 56.4% within the previous quarter. The climb was attributed to the onboarding Major Mining Pools Spiderpool and Foundry.
The influx of mining support increased rootstocks hash power over 740 exahashes per second. This exceeded Bitcoin's Total Network Hashrate, which was recorded in October 2024 and marked a more mature phase for the merged mining growth of the platform.
The increase in mining division got here when the Rootstock ecosystem faces a headwind. In Q1 2025 the full value of rootstock (TVL) left. The Bitcoin tvl fell by 7.2%, while the dadnular television decreased by over 20% in comparison with the quarter.
This reflected a wider downward trend in the whole Defi sector, whereby the defi tvl based in Ethereum showed a decrease of 27% in the identical period.
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Hacken CEO sees “No Shift” within the crypto security, as April -Hacks 357 million US dollars
In April in April, assets of just about 360 million US dollars were stolen in 18 incidents. This was a rise of just about 1,000% in comparison with the quantity lost in March.
The biggest loss got here from an unauthorized Bitcoin transmission. On April 28, the Blockchain investigator ZachxBT reported a suspicious transaction of Bitcoin value 330 million US dollars. He later confirmed that it was a social engineering attack that geared toward an older American.
In a cointelegraph interview on the TOKEN2049 event, Hacken -CEO Dyma Budorin CoinTelegraph said that the industry continues to depend on limited security measures after the 1.4 billion dollars -Bit -Hack. Budorin said that the space implemented limited measures as an alternative of introducing comprehensive strategies.
“Most projects think:” Okay, we made pentest. That's enough. Maybe bug bounty. That's enough. “It's not enough,” said Budorin about cointelegraph.
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AI and apps come for the Web3 thron: Dupradar
While the gaming and defi were recorded at the highest of the Dapps ecosystem (Decorized Applications), artificial intelligence slowly catches up.
The Blockchain Analytics platform Dupradar showed that gaming and Defi recorded 21% DAPP dominance in April. However, Ai Dapps rose to 16%, in comparison with 11%, which were recorded within the February data of the platform.
“When the user interest in tools for artificial intelligence is growing throughout the industry, AI-powered DAPPs are continually carving their place within the decentralized ecosystem,” said Dupradar evaluation Sara Gherghelas.
Gherghelas added that when the trend is sustained, Defi and Gaming could query the dominance of Defi and Gaming and signal a “recent era” within the DAPP landscape.
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Bitcoin-supported loans “obviously” next step-xapo bank CEO
Bitcoin owners have gotten an increasing number of secure to make use of their BTC to borrow funds. In a TOKEN2049 interview, Seamus Rocca, CEO of Xapo Bank, announced cointelegraph that the moods of investors were shifted from short-term speculation to a long-term view of Bitcoin.
Rocca said that confidence from a broader institutional adoption and the worth levels of Bitcoin, that are “Nows nearby” liquidation.
Rocca said that the Bitcoin-supported loans enable holders to stay exposed to the asset in the event that they are exposed to unexpected expenses. The manager said that Smart is just not to sell the asset if the worth increases.
However, if life stands in the best way, investors can avoid the liquidation of their Bitcoin by borrowing themselves against the asset and paying interest. In this manner you possibly can hold the assets though you would like liquidity to your expenses.
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Defi market overview
According to data from CoinTelegraph Markets Pro and TradingView, many of the 100 largest cryptocurrencies after market capitalization ended the week within the green.
The Memecoin Pepe (Pepe) rose by over 53% as the best win of the week, followed by the Pudgy Penguinen (Pengu), which had risen by 47% last week. Ether (Eth) was the third largest profit that showed a rise of 35%.
Thank you for reading our summary of probably the most effective Defi developments this week. Visit us next Friday to get further stories, insights and education in relation to this dynamically promoting space.
