Ethereum
The supply of ether has been growing non-stop since April. Will the weakening of the “ultrasound money” narrative hurt ETF inflows?
The film tells the story of Ethereum’s last three years, including the historic Merge, through Ethereum co-founder Vitalik Buterin’s eyes.
Bitcoin
BlackRock’s IBIT saw its biggest day of inflows in four months, accounting for 98.7% of inflows into US spot bitcoin ETFs.
A blockchain address allegedly controlled by the US government moved 58.742 BTC to crypto exchange Coinbase.
Trading of the funds is expected to start as early as tomorrow, with one expert calling the decision “a massive, positive regulatory shift.”
Business
The ETH holdings of Binance and Coinbase have decreased by $1.2 billion over the last seven days.
Large scale liquidations, a spike in memecoin trading activity and heavy losses across prediction markets followed U.S. President Joe Biden’s announcement that he will be dropping out of the election race.
Regulation
Biden has endorsed his Vice President to be the Democratic nominee, but her nomination is not a done deal, and there are other candidates with significant views on crypto.
DeFi
The Rho Markets hackers said they were willing to fully return funds as long as the protocol admits the issue resulted from a misconfiguration on their end.
Balances across US spot bitcoin ETFs have hit a record high of 900,636 BTC, worth around $63 billion.
