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Bitcoin ETFs face pressure with over $1 billion in outflows for four consecutive weeks, totaling $9 billion since peak; however, investors largely remain committed despite market volatility. #Update #Crypto $BTC
@VanEck launched the first U.S. spot BNB ETF, VBNB, on Nasdaq, attracting $2 million in assets. BNB Chain boasts 33M monthly active users and generates $160M in annual revenue. #Update #Crypto $BNB
@SpaceX shares surged 20% from $150 to $162 in its Nasdaq debut, raising $75 billion in the largest IPO ever. Bitcoin remains stable at $63,400. #Update #Crypto $BTC
Kalshi’s launch of CFTC-regulated crypto perpetuals has sparked a debate over their classification as either futures or swaps, impacting access and regulatory rules. #Update #Crypto $BTC
Ripple CEO Brad Garlinghouse emphasizes the industry’s need for equal protections, as Standard Chartered forecasts $4B-$8B inflows into U.S. spot XRP ETFs if legislation passes. XRP sentiment hits an 8-month low, historically a buy signal. #Update #Crypto $XRP
@SamBankmanFried’s appeal against his fraud conviction was denied, with the court ruling that intent to repay does not negate fraud. The case highlights misappropriation of funds under false pretenses. #Update #Legal $BTC
The CoinDesk 20 Index is at 1711.6, down 0.3%. Ethereum ($ETH) fell 1%, while NEAR gained 2.7%. Ten assets are up overall. #Update #Crypto $ETH
Monero ($XMR) prices surged to $438 as ZachXBT traced $120 million in suspected laundering, with Tether freezing 72 million USDT linked to the activity. #Update #Crypto $XMR
@BlackRock has filed to list its bitcoin income ETF, expected to debut next week with a 0.65% fee, lower than competitors. The fund is already acquiring $BTC and IBIT shares. #Update #Crypto $BTC
@Metaplanet acquires Siiibo Securities for 2.1 billion yen ($13.1 million) to enhance its bitcoin-focused financial ecosystem, aiming for synergies in digital assets and tokenized finance. #Update #Crypto $BTC
Bitcoin ($BTC) bounces to $64,000 from recent lows under $60,000, but remains below the crucial 41.5 RSI level, indicating bearish pressure persists. #Update #Crypto $BTC
@BinanceWallet users contributed $557M to SpaceX’s IPO via onchain subscriptions, with 81% of participants investing $20K or less. SpaceX’s total demand exceeded $250B. #Update #Crypto $USDC
XRP surged 3.3% to $1.14, driven by strong institutional buying, breaking resistance at $1.12 with 120.2 million XRP traded, as Ripple announces Bitso’s MXNB stablecoin launch on XRPL. #Update #Crypto $XRP
Former SEC and CFTC Chair Gary Gensler argues prediction markets do not override state regulations, as legal disputes continue between courts on their legitimacy. #Update #Legal $BTC
