Ethereum
BlackRock is the first spot ether ETF issuer to cross the $1 billion mark in net inflows. However, the broader Ethereum ETF landscape faces challenges, with substantial outflows, particularly from Grayscale’s ETHE.
Business
The company behind Story has now raised $140 million in total; no valuation details were disclosed.
Regulation
Binance and its former CEO Changpeng Zhao have been accused of negligent compliance practices that enabled money laundering by users of the platform.
Onchain analytics firm EigenPhi found that the infamous MEV attacker ‘Jaredfromsubway.eth’ could be deploying a new bot with more advanced tricks.
Crypto advocates called the proposal a dangerous overreach. After years of contentious debate, its withdrawal was quietly announced in the Federal Register.
DeFi
Users of the Solana-based protocol have deployed nearly 1.2 million tokens so far, but only 32 currently have a market cap of over $1 million, per GeckoTerminal.
The Curve community will deliberate on a DAO funding request for 21 million CRV to be allocated to Swiss Stake AG, the company building Curve which was founded by Michael Egorov.
Hopes for a “crypto reset” under Kamala Harris fade as the Democratic Party’s latest platform fails to even mention digital assets or Bitcoin.
Bitcoin
Bitcoin, the original cryptocurrency and largest by market cap, has seen its price drop since the 2024 “halving”, the first time such a decline followed the programmed cut in reward emissions.
BlackRock, the world’s largest asset manager, is now also the largest crypto ETF fund manager after IBIT and ETHA’s AUM surpassed Grayscale’s funds.
