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high transaction fee, Bitcoin local high, Grayscale Bitcoin Trust inflows, Paradigm funding round, Blowfish firewall provider

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  • A Bitcoin user paid a transaction fee of 1.5 BTC, equivalent to $100,254, to have their transfer included in a Bitcoin block, which is significantly higher than the average transaction fee.
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  • Bitcoin reached a new local high of $64,522 on May 4, fueled by encouraging crypto market recovery signals and the first inflows for the Grayscale Bitcoin Trust in almost three months.
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  • Crypto investment firm Paradigm led an $11.8 million funding round into Blowfish, a firewall provider that aims to help Web3 firms combat cyberattacks and prevent fraud in the crypto and Web3 environment.
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