Wednesday Top Crypto News
In one short thread…
Yesterday, spot Bitcoin ETFs saw a total net inflow of $589 million, marking the eleven consecutive day of net inflows.
Spot Ethereum ETFs recorded a total net inflow of $71.23 million, Only BlackRock ETF ETHA achieved a net inflow of $97.97 million.
Arizona’s House of Representatives passed HB 2324, which seeks to establish a reserve fund to manage seized cryptocurrencies.
If signed into law by Governor Hobbs, it would become the state’s second piece of legislation establishing a crypto reserve.
Coinbase said it assisted the U.S. Secret Service in tracing and seizing $225 million in “stolen crypto” tied to a 2023 pig-butchering scam—marking the agency’s largest crypto seizure to date.
The funds, including USDT frozen by Tether last December, were traced onchain back to Coinbase-linked addresses. Coinbase also helped identify victims eligible for restitution.
The board of directors of Nasdaq-listed Aurora Mobile has approved the investment of up to 20% of the company's and its consolidated entities' cash and equivalents in Bitcoin, Ethereum, Solana and SUI, among others.
Aurora Mobile is a Chinese marketing technology provider.
Bank of Korea officials said stablecoin issuance should start with regulated banks to minimize risks before expanding to other sectors…
Stablecoin transfers abroad hit $19.5 billion in Q1, fueling concerns over capital outflows and foreign exchange management.
President Lee’s government has proposed allowing local companies to issue won-backed stablecoins under new crypto-friendly legislation.
According to EntropyAdvisors’s dune, Arbitrum generated $1.43 million in protocol revenue last week, up 23% from the previous week.
GMX contributed $550K, Ostium $225K, Gains Network $120K, Pendle $85K, and Uniswap $82K. Notably, Ostium’s revenue surged 120%, likely driven by Arbitrum RWA reaching a record $300 million.
Crypto majors trade at the following levels
BTC 106,500 (up 0.9% in 24 hours)
ETH 2,440 (up 0.7%)
XRP 2.179 (down 0.2%)
SOL 146.42 (up 0.4%)
Have a great day!
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