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Bitcoin ETFs see $400M inflows this week, reversing last week’s outflows. $FBTC led with $102M, followed by positive numbers from @ArkInvest. $BTC price holds at $59,819, with potential for a breakout above $60K soon.
$SHIB unveils a new plan to reduce supply via community-driven burns, shows a 38.79% increase in burn rate. 14.17M tokens burned in the last 24 hours. Upgraded Shibarium aims to boost user engagement and SHIB value. @ShibaInuCoin
Justin Bons, founder of Cyber Capital, alleges Tether is a $118B scam, surpassing FTX and Madoff. He criticizes $USDT for lack of transparency and warns its collapse could be disastrous, urging the crypto community to avoid it.
Nvidia CEO Jensen Huang sells over $104M in $NVDA stock, raising questions about market sentiment. Despite this, the company remains strong in the AI chip sector, holding 80% of the global market cap and anticipating new Blackwell chip releases.
Recent analysis shows a significant reduction in Bitcoin’s market depth, indicating a potential price floor and upcoming bullish trend. Despite a 4.3% rebound in $BTC price, negative funding rates still favor short positions. Traders should watch closely.
$USDC issuer Circle accused of profiting from North Korean Lazarus Group transactions. Circle allegedly delayed blacklisting wallets by 4.5 months, unlike other stablecoin issuers. The group was involved in a $20M hack on Indodax.
Validator Vegas Morph’s new plan to re-peg $USTC to $1 boosts $LUNC price by 15%, driven by token burns, the Tax2Gas upgrade, and enhanced security. Key upgrades aim to stabilize $USTC, with community engagement crucial for future growth.
Bitstamp and @Ripple team up to launch a crypto derivatives exchange, enhancing cross-border payments with $XRP Ledger. Robinhood plans to acquire Bitstamp by 2025, aiming to offer crypto futures globally.
Tether, Circle, and others have blacklisted addresses linked to North Korean hackers, freezing $4.96M in stablecoins. Exchanges froze an additional $1.65M. Lazarus Group is suspected of a $20M theft from Indodax.
Bitcoin whale wallets reactivated as $BTC surpassed $60K, transferring 203 BTC to Binance, netting $6.89M. Another trader moved 205 BTC, making $2.36M. A whale purchased 1,062 BTC worth $63.96M, boosting optimism for future price action.
Vitalik Buterin suggests a Harberger tax for $ETH Layer 2 blockchains to optimize fee mechanisms, while proposing a neutral aggregation layer as an alternative. This could reshape L2 fee structures and impact future blockchain policies.
Nate Geraci predicts Solana ($SOL) and XRP ($XRP) ETFs are unlikely within two years despite growing demand. Political outcomes, especially the US presidential elections, could significantly impact future crypto ETF approvals. Investors should monitor regulatory changes.
Bitcoin ($BTC) surpasses $60K, driven by favorable U.S. economic data, persistent inflation, and increased institutional interest. Notably, MicroStrategy’s $1.11B purchase of 18,300 BTC and rebounding spot Bitcoin ETF inflows boost market sentiment.
The SEC adds $AXS, $FIL, $MANA, and others as securities in the Binance lawsuit. Despite regulatory pressure, $AXS rose 2.6% and $FIL increased by 2.2% in the last 24 hours. Regulatory clarity remains crucial for market growth.
