Saturday Top Crypto News
In one short thread…
Yesterday, the Bitcoin spot ETFs recorded a total net inflow of $1.03 billion, marking the 7th consecutive day of net inflows.
Ethereum spot ETFs saw a total net inflow of $205 million, extending their streak to 6 consecutive days.
With Bitcoin hitting record heights on both Thursday and Friday, crypto related stocks also followed suit.
Coinbase and Strategy both rose about 9% and 12%, respectively, over the past five days.
Stock and crypto trading platform Robinhood climbed 5%. The stock prices of major Bitcoin miners also spiked with MARA Holdings rising about 12%.
According to Fortune, crypto and stablecoin infrastructure startup Zerohash is raising about $100 million at a near $1 billion valuation, with online brokerage Interactive Brokers leading the round.
The company provides infrastructure for banks, brokerages, and fintechs to offer crypto and stablecoin services.
Consumer products company Upexi is bolstering its Solana treasury, raising $200 million to fund business operations as well as further SOL purchases, it announced on Friday.
Upon completion, the firm will have more than 1.6 million SOL valued at around $270 million.
Shares of UPXI finished Friday up nearly 8%.
Asian food giant DDC Enterprise (NYSE: DDC) has partnered with Hong Kong-based web3 game developer and venture firm Animoca Brands to help grow out DDC's recently launched bitcoin treasury.
Through signing a non-binding memorandum of understanding, Animoca will provide DDC Enterprise with up to $100 million in BTC to support the growth of DDC's yield enhancement strategies.
Crypto majors trade at the following levels
BTC 117,760 (down 0.25% in 24 hours)
ETH 2,950 (down 2.3%)
XRP 2.679 (up 6.8%)
SOL 162.64 (down 1.7%)
Have a great day!
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