Saturday Top Crypto News
In one short thread….
Yesterday, the spot Bitcoin ETFs saw a total net inflow of $501 million, marking 14 consecutive days of net inflows.
Spot Ethereum ETFs recorded a total net inflow of $77.45 million, with no outflows among all nine ETFs.
Ric Edelman, one of the most famous financial advisors in the United States, said that financial advisors should advise clients to allocate 10% to 40% of their portfolios to cryptocurrencies.
He said that crypto assets have entered the mainstream market and cryptocurrencies will become an important part of long-term investment.
Bitvavo has received a Markets in Crypto-Assets (MiCA) license from the Dutch Authority for the Financial Markets (AFM), allowing it to operate across all 30 countries in the European Economic Area. Bitvavo was already registered in France, Austria, Italy, and Spain.
Firedancer, a new Solana client built by Jump Crypto, has currently obtained about 8.6% of the total network staking share, and the number of validators accounts for about 7.45%.
Firedancer is the first independent Solana validator implementation after the official Agave.
Important tweet on the current macro setup, in case you missed it yesterday 👇🏼
The Fed RRP has increased by about $114bn so far this week
That’s cash/liquidity being taken out of the market as banks window dress balance sheets into quarter end
Pretty amazing the move in equities in the face of that
Maybe Bitcoin lagging as the ultimate liquidity junkie
Dollar sell-off and risk premium leaking out of markets an offset though as is the collapse in bond volatility which is good for liquidity
Feel like BTC is a beach ball you see water however here and needs to reprice higher
Perhaps will have to wait until July and ride the wave of cash as the RRP build unwinds first week of July
Crypto majors trade at the following levels
BTC 107,450 (up 0.1% in 24 hours)
ETH 2,425 (down 0.8%)
XRP 2.196 (up 5%)
SOL 144.33 (up 2.4%)
Have a great day!
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